Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil bans the use of cryptocurrency for gambling-related payments, and Worldcoin faces fines for alleged abusive behavior in Buenos Aires. Brazil Passes Rules Banning Cryptocurrency Payments for Gambling Brazil has legalized the use…
Read more
Bitcoin Price Prediction In the latest Bitcoin price prediction, the cryptocurrency has climbed to $65,225, marking a 1.50% increase on Sunday. This uptick reflects growing investor confidence, potentially influenced by high-profile investments and bullish market sentiment surrounding digital assets. As Bitcoin continues to draw interest from both retail and institutional investors, its trajectory remains a…
Read more
Bitcoin, currently trading at $63,999 with a 3.50% increase post-halving, introduces a supply squeeze that might kickstart a new bull market. The event cuts the mining reward from 6.25 to 3.125 bitcoins, underpinning Bitcoin’s strategy to cap its total supply at 21 million coins. While the halving aims to increase scarcity and potentially boost prices,…
Read more
Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals in the crypto space, as this…
Read more
Amidst the surging prices of Polkadot and Shiba Inu, BlockDAG is capturing the imagination of the cryptocurrency world with its groundbreaking potential for a 30,000x return on investment. As Polkadot advances its community engagement and Shiba Inu rides a wave of investor enthusiasm, BlockDAG distinguishes itself with a novel blend of blockchain security and Directed…
Read more
Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m.…
Read more
The Mango Markets hacker, Avraham Eisenberg, was found guilty on Thursday in a Manhattan federal court for orchestrating a scheme that resulted in the theft of approximately $110 million from the Solana-based DeFi platform. Prosecutors argued that Eisenberg orchestrated a complex exploit on the platform, leading to substantial financial losses. Eisenberg, who has been in…
Read more
Worldcoin, the digital biometric identification project, has rejected the claims made by Buenos Aires regarding possible infringements of customer protection laws. The organization told local sources that it answered Buenos Aires’ requirements since January to show the transparency it exercises in its operations. Worldcoin might face a deeper investigation if a local proposal gets approved.…
Read more
Hedgey Finance suffered a devastating blow on April 19 when two simultaneous exploits drained $44.7 million from the token infrastructure platform. During the two-hour attack, the hacker utilized the ‘createLockedCampaign’ function with flash-loaned funds across multiple blockchains. Hedgey Finance Hacked: $1.9 Million Stolen on Ethereum, $42.8 Million on Arbitrum Cyvers reported that Hedgey Finance suffered…
Read more
At 8:12 p.m. ET on Friday, April 19, 2024, the Bitcoin network marked its fourth block reward halving at block height 840,000. Block 840,000 was mined by Viabtc, securing the notable ‘epic satoshi’ for the fortunate mining pool and a 3.125 BTC reward. The Halving Is Now Complete Bitcoin’s latest halving event occurred at block…
Read more
