Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise
Published on june 15, 2023
Bitcoin payments firm Strike has extended the reach of its cross-border payments service to Mexico, as the company aims to leverage the country’s expansive remittances market.
As of June 14, 2023, the company has introduced its ‘Send Globally’ service to the third largest country in Latin America. This service allows users to send funds internationally, providing a convenient solution for cross-border transactions….
Read More: Bitcoin-Based Strike Debuts Lightning Network Cross-Border Payments in Mexico – Crypto Adoption on the Rise
Published on june 12, 2023
In the aftermath of the US Securities and Exchange Commission’s crackdown on major crypto exchanges Binance and Coinbase, Latin America’s crypto holders have reacted to this development with a surge of new accounts registered with Bitget, a crypto derivatives exchanges.
The American regulator filed lawsuits against both Binance, the globe’s largest cryptocurrency exchange, and Coinbase, the largest US-based crypto exchange, in the past days. …
Read More: Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown
Published on june 8, 2023
Crypto credit card adoption is on the rise in Brazil, issuers have claimed, with more Latin American users than ever reportedly buying and spending tokens.
Per the Brazilian media outlet Livecoins, Brazilians are not just buying crypto, but also using coins, instead of fiat, to pay in stores.
The media outlet quoted Binance’s Brazilian head Guilherme Nazar as stating that cards, such as the Binance Card, were “bringing cryptocurrencies into users’ day-to-day lives.”…
Read More: Crypto Card Adoption Rising in Brazil, Say Issuers – LATAM Taking to Crypto?
Published on june 6, 2023
After the massive losses that followed the collapse of the crypto exchange FTX, users lost confidence in lending, custody, and cryptocurrency service providers.
The fear of losing assets, as with FTX, plagues people’s minds after the commotion.
Some experts believe it will take a while for fear, uncertainty, and doubt (FUD) to clear from people’s minds.
It is a critical time for crypto firms as many are experiencing the effects of the FUD caused by the FTX collapse. …
Read More: El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture
Published on may 9, 2023
The Central Bank of Brazil has effectively blocked crypto firms from taking part in its central bank digital currency (CBDC) pilot.
The bank this month issued a call for interested firms to join the next phase of its pilot.
But while the bank did not explicitly rule out the participation of crypto companies, the media outlet Livecoins explained that the call was a de facto snub for crypto players….
Read More: Brazil Central Bank CBDC Pilot Snubs Crypto Firms
Published on may 2, 2023
An El Salvador government-linked organization has rubbished claims that the nation’s ambitious plans to build a haven for bitcoiners have been shelved.
Late last month, a number of Twitter-based individuals claimed that they had come across documentary evidence that the Ministry of Public Works had confirmed that the Bitcoin City project “does not exist.”…
Read More: El Salvador’s Bitcoin City Has Not Been Shelved, Say Bukele-linked Bitcoiners
Published on april 25, 2023
El Salvador’s government has announced that it has begun training Bitcoin (BTC) and Lightning Network developers as state-backed courses get underway.
In a tweet, the National Bitcoin Office (ONBTC), a government body that answers to El Salvador President Nayib Bukele, explained that 54 students had “made the grade” for the inaugural course.
The course will begin with a “preparatory phase” that will “cover economics, monetary history, theory, and more.”…
Read More: El Salvador Begins Bitcoin & Lightning Dev Courses – Who Are the ‘Rock Star’ Teachers?
Published on april 17, 2023
Argentina’s financial markets regulator has approved the Latin America region’s first Bitcoin (BTC) futures contract offering.
In an official notice from the Comisión Nacional de Valores (National Securities Commission or CNV), the regulator explained that it had approved the trading of futures contracts on the Matba Rofex Bitcoin Index.
The CNV specified that negotiation and settlement would be carried out in Argentine pesos….
Read More: Argentina Approves First LATAM BTC Futures Offering – Are Regulators Softening Bitcoin Stance?
Published on april 17, 2023
The Brazilian football (soccer) giant Santos FC has announced it will apply its fan token to a Web3-and metaverse-enabled “gaming environment.”
The token, named Santos Fan Token (SANTOS), was launched in late 2021.
Per an official release from TOPGOAL and a report from Livecoins, the football club has become the first to partner with the metaverse gaming firm TOPGOAL and Binance’s fan token arm….
Read More: Brazil’s Santos FC Token to Enter Gaming World – A New Start for Football Fan Tokens?
Published on march 22, 2023
Venezuela’s President Nicolás Maduro says he has “purged mafia influences” from his government’s crypto regulators – after overseeing the arrest of one of his former right-hand men.
Earlier this week, Maduro green-lighted the arrest of Joselit Ramírez, the head of the Superintendencia Nacional de Criptomonedas (Sunacrip). Sunacrip is the government body that supervises crypto-related policy….
Read More: Venezuela’s Maduro Purges Crypto Offices of ‘Mafia’ Influences – ‘Hundreds’ Arrested