Recently disclosed in a regulatory statement, Hong Kong-based Boyaa Interactive International Limited announced its plan to acquire cryptocurrency assets valued at up to $100 million. This publicly listed entity, known for developing and managing online card and board games through its various subsidiaries, aims to channel some investments into bitcoin (BTC), ethereum (ETH), and two…
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Commerzbank has made a significant stride in the digital asset sector by becoming the first German full-service bank to receive a Crypto Custody License. Commerzbank believes the breakthrough positions the bank at the forefront of the burgeoning crypto market in Germany. The firm discloses that the license, granted under the German Banking Act, marks a…
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Okx, one of the largest cryptocurrency exchanges, has announced it will expand to Brazil in the coming months to offer a regulated crypto platform to Brazilian customers. The exchange, which chose the country as its entry doorstep to Latam, aims to fulfill the regulatory requirements still being determined by the Central Bank of Brazil to…
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Source: Oksana/Adobe Russia’s trade ministry says it has developed a tool that can help crypto miners evade Western sanctions. In a DumaTV post on the RuTube video-sharing platform, lawmakers explained that the Ministry of Industry and Trade had “developed a tool for conducting industrial mining activities.” The tool, they said would “help [Russian] businesses make…
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Dapper Labs, known for its non-fungible token (NFT) collection NBA Top Shot, has unveiled Disney Pinnacle, its latest endeavor. This new platform is set to transform the traditional pin-collecting hobby into a digital experience, featuring characters from Disney’s long-standing history, Pixar, and the Star Wars universe. Dapper Labs announced the opening of the waitlist for…
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Foresight Ventures, a Singaporean Web3 VC firm, has announced it acquired a majority stake in The Block, a cryptocurrency-focused news outlet. The deal, which values The Block at around $70 million, will allow the news platform to purchase the stake belonging to former CEO Mike McCaffrey, who had received funding secretly from Alameda Research, an…
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Source: Pixabay A South Korean blockchain-based K-pop startup has raised $8 million in its series A funding round. Modhaus announced in a statement today that the series A funding round has pushed their total fundraising to $12 million overall. The funding round was led by U.S. investment firm Sfermion, and included participation from other investors…
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In a dramatic culmination to a turbulent period for Hodlnaut, the Singapore High Court has ordered the crypto lender’s liquidation, tasked with the daunting goal of reimbursing its 17,000 customers. The judicial decree follows Hodlnaut’s entanglement with the fallout of Terra’s decline and the company’s subsequent $193 million deficit. Crypto Lender Hodlnaut Winds Up, Facing…
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Data reveals a milestone in the Bitcoin blockchain, with a tally of 40 million Ordinal inscriptions etched into its ledger. Inscription records were shattered on November 12, 2023, when a daily peak saw 505,345 inscriptions created in a single day. This burst of activity propelled Bitcoin to new heights, with the day marking a new…
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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The Central Bank of Brazil confirms that unlicensed exchanges can still operate in the country; El Salvador will integrate Lightning Network transactions in its Chivo ATM network; and Trubit raises $6.25 million to…
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