Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might leverage these new tools to alleviate the deficiencies of traditional […]
According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $ 7.63 million, marking its first transaction in over 11 years. Hundreds and Notably a 1,000 Stack of Vintage Bitcoin Transferred …
The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs […]
The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $ 4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised …
Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the […]
The privacy coin monero (XMR) has experienced a 7.7% increase in the last 24 hours and a 16.5% rise over the past week. Monero Trading Volume Doubles in 24 Hours After a prolonged decline and hitting a significant low in mid-April, monero (XMR) has recovered in value. For instance, on April 13, XMR was trading […]
A woman has been sentenced to nearly seven years in prison for laundering bitcoin tied to a £5 billion fraud in China. Authorities seized over 61,000 bitcoin during their investigation, now worth over $ 4 billion. The woman denied all charges, claiming she was manipulated by a “mastermind.” 61K Bitcoin Seizure Leads to Jail …
With bitcoin’s price up 6.8% from last week, a dormant bitcoin address from 2013 became active for the first time in over 11 years, transferring 114.42 bitcoins valued at $ 7.67 million. Sleeping Bitcoin Wallet Awakens After 11 Years, Moves 114 Bitcoins April and May have seen fewer awakenings of long-dormant bitcoin addresses, but …
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between $ 80 million and …
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $ 11.89 billion, recovering from a low of just over $ 83 billion on April 13. Although it has not yet reached the $ 100 billion mark, the value locked in defi is approaching that …
Vijay Chetty, the newly appointed CEO of Eclipse Labs, has announced his commitment to leading the company’s mission of bridging the gap between Ethereum and Solana with a high-performance and trust-minimized blockchain. Formerly the Chief Growth Officer, Chetty brings firsthand experience of Eclipse’s potential and has expressed his excitement about the project. He acknowledges the […]
The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages. One economist expects the pressure on the currency to peak […]
Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating transfer fees ranging from $ 1.50 to $ 3.65 per transaction. Bitcoin’s Hashrate Slides 19% in 16 Days According to …
Eclipse Labs founder and CEO Neel Somani has decided to reduce his public role within the company temporarily amid allegations of sexual misconduct, asserting his innocence and readiness to defend his reputation on the social media platform X, formerly known as Twitter. Eclipse Labs, aiming to uphold the highest standards of professionalism and gender equality, […]
According to statistics, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $ 378.3 million on Friday. During Monday’s trading sessions, the U.S.-based bitcoin ETFs accumulated $ 217 million in positive inflows, with Grayscale’s Bitcoin Trust (GBTC) also marking its second consecutive day of inflows. …