The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure 400MW of energy in Brazil. This could be a potential destination that other companies are considering. Paraguayan Bitcoin…
[PRESS RELEASE – Lisbon, Portugal, July 22nd, 2024] Sunami Network is excited to introduce SUUSD, a new stablecoin that offers liquidity and return opportunities. This innovative stablecoin introduces a new approach to yield-bearing, allowing users to benefit from holding the coin. SUUSD combines the benefits of a term deposit and a current account. In accordance…
Slot.org has officially launched, unveiling an ambitious vision to integrate blockchain technology and offer a suite of cryptocurrency-themed slot games. This move aims to redefine the online slot experience by merging cutting-edge technology with engaging gameplay, making it a significant development in the gaming industry. Launch Highlights Slot.org’s launch introduces a robust platform filled with…
The crypto market is flying high again. While Bitcoin and other top crypto assets have experienced dramatic surges over the years, not all altcoins have been lucky. XRP, for one, has yet to post a meaningful surge compared to its price six years ago. XRP’s Six-Year Stagnation According to pseudonymous crypto analyst ‘Cyclop,’ if an…
TLDR Telegram is launching a mini app store and an in-app browser with web3 support by the end of July 2024. The platform has become popular for tap-to-earn crypto games like Hamster Kombat, which gained 239 million users in 81 days. Telegram aims to combat scams by displaying registration info for public accounts and allowing…
Ethereum co-founder, Vitalik Buterin, has publicly praised the prediction market Polymarket for their impressive performance. He commended the platform not only for accurately predicting outcomes well in advance but also for actively contributing to collective decision-making through the visibility of conditional odds of different candidates. As recently reported, following the announcement that President Joe Biden…
Boyaa Interactive, a public gaming company based in Hong Kong, has announced a strategic investment in the UTXO Bitcoin Ecosystem Fund. The company plans to allocate $1,000,000 to this initiative, aimed at promoting the Group’s business development and expansion in the Web3 industry. Boyaa aims to ‘deepen its presence in the Web3 industry, leverage the…
Bitcoin’s price reacted in a positive manner after President Joe Biden’s decision to quit the 2024 presidential race and pumped to a multi-week peak of over $68,000. The altcoins were also quite volatile after the announcement, but AVAX has emerged as the top performer on a daily scale. BTC’s Wild Weekend Ride The primary cryptocurrency…
TL;DR Speculation about a Ripple-SEC settlement has risen due to an agency-closed meeting on July 25. Ripple CEO Brad Garlinghouse and lawyers suggest a settlement could happen soon, with the regulator lowering its fine demand, indicating potential progress. A Possible Settlement or Just Rumors? The legal spat between Ripple and the US Securities and Exchange…
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in…