LATAM News (English)

These are English-language news items related to Bitcoin and LATAM (Latin America):

Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown

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

[...]

Tether’s game plan in El Salvador: Why invest in Volcano Energy?

Published on june 9, 2023

Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC.

[...]

Crypto Card Adoption Rising in Brazil, Say Issuers – LATAM Taking to Crypto?

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?

[...]

El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture

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

[...]

Tether invests in El Salvador’s $1B renewable energy project

Published on june 5, 2023

El Salvador’s plans to build a billion dollar renewable energy precinct has found a first-round investor in stablecoin issuer Tether.

[...]

El Salvador Unleashes “Volcano Energy” With 241 Megawatt Planned Bitcoin Mining Operation

Published on june 5, 2023

The country of El Salvador is harnessing its energy resources and constructing a renewable power generation park to fuel the growth of Bitcoin mining.

[...]

Latam Insights —Tether to Start Bitcoin Mining Operations in Uruguay; Lula Proposes Abandoning US Dollar

Published on june 5, 2023

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Tether announces a sustainable Bitcoin mining project in Uruguay, Brazil’s President Lula proposes a shift away from the U.S. dollar, and Argentina advances its de-dollarization push. Tether Announces Sustainable Bitcoin Mining Project in […]

[...]