LATAM News (English)

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

El Salvador buys its cheapest 410 Bitcoin as prices reach $36k

Published on january 21, 2022

President Nayib Bukele confirmed that the purchase of 410 BTC was made against $15 million, placing the trading price at approximately $36,585 per BTC.

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El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says

Published on january 21, 2022

The country continues to add to its bitcoin holdings and plans to issue a $1 billion, 10-year bitcoin bond this year.

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On The Ground In El Salvador With Samson Mow And The Volcano Bitcoin Bond

Published on january 21, 2022

Bitcoin Magazine got an exclusive interview with Blockstream’s Samson Mow to discuss El Salvador’s new Volcano Bitcoin Bond.

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Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges

Published on january 21, 2022

A cocktail of inflation and devaluation is generating a crypto boom that players such as Binance, Coinbase and Crypto.com do not want to waste.

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El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks

Published on january 21, 2022

Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of dollars’ worth of BTC has alarmed the International Monetary Fund […]

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Bukele's Bitcoin Is Not What Turkey Needs

Published on january 21, 2022

El Salvador’s President didn’t mention bitcoin in his meeting with Erdogan – but it’s not a cure for Turkey’s monetary woes anyway.

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Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

Published on january 21, 2022

Argentine-headquartered ecommerce giant Mercado Libre invested in Mercado Bitcoin and Paxos as it aims to boost its presence in the cryptosphere, as well as digital asset development and adoption in Latin America….
Read More: Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

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El Salvador Plans to Offer Crypto-Based Loans for SMEs

Published on january 21, 2022

The government plans to launch a first line of $10 million provided by the Solana-based lending platform Acumen in the first quarter of 2022.

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Mercado Libre Buys Shares in Parent of Mercado Bitcoin, Paxos

Published on january 20, 2022

Mercado Libre has acquired shares in 2TM Group, the parent company of MercadoBitcoin.com, in an attempt to show more commitment in crypto asset development, the company announced Thursday (Jan. 20). The company also invested in blockchain infrastructure platform Paxos, which powers the Mercado Pago crypto in Brazil. Neither of the investment amounts were disclosed. Per […]

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The 3 Reasons Behind Bitcoin-Holder El Salvador's Deteriorating Creditworthiness

Published on january 20, 2022

President Bukele’s bitcoin policy and hawkish Fed expectations cloud Salvador’s credit outlook.

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