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Crypto News
El Salvador Buys the Dip: Adds Nearly 1,100 BTC to Its Strategic Reserve
El Salvador added nearly 1,100 BTC to its reserves over the past seven days, taking advantage of low prices from the recent market downturn. Bukele reported the purchases on social media and celebrated the development, but the move raises…
Insider: Banks Prepared to Offer Crypto Services in Argentina
Gabriel Campa, Head of Digital Assets at Towerbank, stated that he believes Argentine banks are ready to enter the cryptocurrency services market. He highlighted that many have already finalized software for this end, and are waiting to be…
Raoul Pal: Crypto Behaves as a Leading Indicator for the US’s ‘Broken Plumbing’
Pal stated that crypto markets are currently reflecting a problem in the U.S. economic plumbing, acting as a leading indicator for an upcoming crisis. While stock markets are shielded from this for now, he believes that if the liquidity…
Latam Insights: Brazil Implements Stringent Stablecoin Ruleset, Libra Probe Advances
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, the Central Bank of Brazil finalizes a new stringent ruleset targeting stablecoins, the Libra case…
Bitcoin Friendly Franchise Steak ‘n Shake Targets El Salvador for Latam Expansion
The company aims to build its first Latam restaurant in the country due to its bitcoin allegiance. During the Bitcoin Historico event, Dan Edwards, COO of Steak ‘n Shake, stated that El Salvador was a “bitcoiner country,” and they just had…
Fundstrat’s Tom Lee Disregards Crypto Market Weakness: Pain Is ‘Short Term’
Tom Lee, CIO of markets insight firm Fundstrat Capital, believes that the cryptocurrency market will recover from the current downturn, which has the characteristics of a transitional event. For Lee, the market might enjoy a…
Tether Assists Global Law Enforcement in $12M Crypto Crime Bust
The Thai Royal Police and U.S. Secret Service seized $12 million in USDT linked to a Southeast Asia scam network, arresting 73 suspects and confiscating assets worth $15.67 million. Tether’s Role in Tracing and Freezing Funds The Thai Royal…
Strategy’s Michael Saylor Denies Bitcoin Sale Rumors: ‘We’re Buying’
Michael Saylor, executive chairman and co-founder of Strategy, the largest bitcoin treasury company, denied the rumors of a possible bitcoin sale. At CNBC’s Squawk Box, Saylor stated that Strategy is still buying bitcoin, putting these…
Fed’s Miran: Stablecoins Are ‘Transformational’ for Emerging Markets
Federal Reserve Governor Stephen Miran described stablecoins as innovative tools that could provide users in jurisdictions with limited access to dollar assets. Miran estimates stablecoins could help satisfy about $3 trillion of foreign…
Avalanche Pre-Consensus Brings Near-Instant Finality to XEC
Ecash, a cryptocurrency focused on payments, is on the verge of implementing Avalanche pre-consensus, a new development that brings almost instant finality to transactions using Ecash’s Nakamoto/Avalanche hybrid consensus. The development…