Crypto adoption in Argentina soars amid 276% inflation spike

Argentina has emerged as the top market by numbers of visitors on Binance, one of the worlds largest crypto exchanges.

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South American Gold Miner Nilam Resources Enters Agreement to Acquire 24,800 Bitcoin

Nilam Resources, Inc., a precious metal mining company with principal assets in Peru, has announced it is entering into a Letter of Intent (LOI) with Xyberdata Ltd. to acquire 24,800 bitcoin. This agreement involves acquiring 100% of the common stock of a special purpose entity named MindWave, to be established in Mauritius, which will hold the BTC along [...]

The post South American Gold Miner Nilam Resources Enters Agreement to Acquire 24,800 Bitcoin appeared first on Crypto Breaking News.

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Not funny: Comedy club NFT debacle teaches lesson in transparency

What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.

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Bitfinex partnership pushes crypto adoption in Latin America

The digital asset platform Bitfinex announced a new partnership with a local exchange in Latin America, as a part of a larger effort to push for wider adoption in the region.  On May 24, Bitfinex revealed a new investment in one of Chile’s leading cryptocurrency exchanges OrionX. According to the announcement, the partnership between the [...]

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Proposed bill in Argentina encourages citizens to reveal crypto holdings

Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed new law.

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Brazilian crypto industry gets regulatory clarity amid global uncertainty

The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.

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Bitcoin Limits External Influence On South America

World powers are fighting to influence policy in South America, but bitcoin prevents outside powers from exerting subversive pressure in the region.

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Brazilian central banker describes how CBDC system can halt bank runs

In constructing its Real Digital, Brazil's central bank is developing mechanisms that can freeze citizens' conversion to CBDCs in the event of a bank run.

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Argentines turn to Bitcoin amid inflation worries: Report

In response to surging inflation, Argentina has become an increasingly crypto-friendly country in terms of adoption.

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Argentina’s central bank steps in to block new crypto offerings from banks

Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading but now the central bank has stepped in to block the offerings.

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What’s Going On With Terra In South America?

After some seemingly suggestive tweets from the Terra Twitter account, it’s raising questions as to what’s coming for UST in South America. Covered: Terra’s South America Tease South American Exchanges Taking Action Crypto Adoption In South America Decentralized stablecoins like UST are becoming all the rage among layer-1 blockchains. With competitors like Near Protocol launching […]

The post What’s Going On With Terra In South America? appeared first on CryptosRus.

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NFTs, payments and conferences: Crypto in Latin America in 2021

Between the bull market, the NFT craze and DeFi taking off, 2021 was an interesting year for Latin America.

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P2P payments spurred crypto adoption across Venezuela in 2021

Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country.

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Crypto-focused enterprise payment platform Tribal Credit raises $60M

Crypto-facilitated cross-border payments services are gaining traction in Latin America — a region that has become a hotbed for the cryptocurrency industry.

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Binance Starts Pilot Test with Colombian Banks

Binance and Davivienda, the largest bank in Colombia in terms of assets, announced the start of financial operations in cryptocurrencies.

Continue reading Binance Starts Pilot Test with Colombian Banks at DailyCoin.com.

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Binance Begins Pilot Tests with Colombian Banks

Binance and Davivienda, the largest bank in Colombia in terms of assets, announced the start of financial operations in cryptocurrencies.

Continue reading Binance Begins Pilot Tests with Colombian Banks at DailyCoin.com.

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Cryptocurrency Trading Enters South American Soccer

CONMEBOL announced an alliance with crypto exchange Crypto.com as the Official Sponsor of CONMEBOL Libertadores.

Continue reading Cryptocurrency Trading Enters South American Soccer at DailyCoin.com.

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Venezuelans promised Axie Infinity scholarships for crypto training courses

The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country.

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Busting Ten Myths About El Salvador And Bitcoin

With the international attention on El Salvador’s historic adoption of Bitcoin, some critical myths have emerged that are in need of busting.

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El Salvador purchases first 200 BTC, President Bukele confirms

El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be a net positive for the economy and society.

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