Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Tim Draper predicts bitcoin will make El Salvador a rich country, President Nayib Bukele vows to keep buying bitcoin, and Banco do Brazil announces offline capabilities test for the Brazilian CBDC. Tim Draper…
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The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates. The 9 New ETFs Hold Nearly a Half Million Bitcoin Since their inception on Jan. 11, 2024, these nine spot bitcoin ETFs have…
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It was revealed on Thursday that El Salvador has much more Bitcoin than previous estimates when President Nayib Bukele posted on X that the country has moved over 5,000 bitcoins worth over $400 million into a cold wallet. El Salvador’s Secret Bitcoin Stash: Over $400M Bukele’s latest move surprised many in the crypto community, as…
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NFPrompt, a content generation platform incubated by Binance Labs, disclosed a crypto security breach resulting in the loss of user and platform funds on March 15. The hackers reportedly gained unauthorized access to several wallets, including those belonging to NFP’s administrators, and stole funds. NFPrompt Hit by Crypto Security Breach: Moves to Secure User Assets…
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Cryptocurrencies like JUP, CFX, SOL compete for best crypto to buy today Image by cryptonews.com On a day that crypto markets succumb to profit-taking, investors are hunting for the best crypto to buy in order to benefit from the recent market dip. Bitcoin (BTC) was last trading in the $68,000s, down about 3.5% in the…
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As reported by a JPMorgan analyst, Bitcoin has surged past gold in terms of investor portfolio allocation, taking volatility into account. Specifically, Bitcoin’s allocation is 3.7 times greater than that of gold. Additionally, they pointed out a net inflow of $9 billion into Bitcoin ETFs since their inception, which offsets outflows from Grayscale. Crypto Market…
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March has seen several web3 initiatives to recognize and spotlight women’s achievements in celebration of Women’s History Month. This annual observance, established in 1987, emphasizes the profound contributions women have made to society. Diversity Drives Web3 Growth Monica Talán, Founder and Contributor at Spanish-language web3 platform CryptoConexión, told Cryptonews that raising awareness for women in…
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Crypto users can pay Bitcoin to subscribe and watch movies, says streaming platform Movies Plus. In an announcement on Wednesday, the free movie streaming app Movies Plus said that it has become the “first streaming platform to accept Bitcoin.” BREAKING Movies Plus becomes the first streaming platform to accept Bitcoin! You can now pay for…
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The crypto VC space is seeing renewed interest from high net-worth individuals and family offices after a year of relative quiet, according to Struck Capital founding partner Adam Struck. Struck highlighted in an interview with Cryptonews Thursday that US Spot Bitcoin ETFs have rapidly altered the VC industry’s mindset. Significant involvement from institutions like BlackRock…
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The price of the leading cryptocurrency Bitcoin faced a deep correction from its all-time highs during early Asian hours on Friday. Bitcoin is trading below $68,000, nearly 7.5% down in the last 24 hours. The price correction triggered massive liquidations as the entire network saw over $657 million positions liquidated in the last 24 hrs.…
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