President Bukele has received legal permission to step down and run for re-election, with an interim president appointed to finish the rest of his first term.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 28, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Many are excited about the potential for a second Bitcoin President in Latin America, but there are reasons to be more skeptical and cautious before cheer leading.
Facing spiralling inflation and a rapid decline in the value of the peso, Argentina has elected pro-Bitcoin Javier Milei as President.
Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the world’s harshest business environments.
Millions of Mexican citizens will now be able to leverage bitcoin to dramatically reduce the costs of receiving money from the U.S.
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
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
The country of El Salvador is harnessing its energy resources and constructing a renewable power generation park to fuel the growth of Bitcoin mining.
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 […]