As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum The ETH/USD daily chart indicates a prevailing […]

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces flare gas-powered bitcoin mining site in Argentina. Argentine...

As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156. Despite a recent 2% uplift, bitcoin remains down by 3.6% over...

Onchain bitcoin analyst Willy Woo predicts that the leading cryptocurrency will reach the $1 million milestone within the next decade. During what he describes as “a time to be alive,” Woo anticipates witnessing a purge of central bank corruption. However, one of Woo’s followers envisions a Central Bank Digital Currency (CBDC), not bitcoin, replacing...

Infinite Block, a Korean virtual asset service provider, has announced its participation as a validator in the XRP Ledger (XRPL) blockchain. This move is expected to bolster the XRPL ecosystem within Korea’s unique regulatory environment. Infinite Block aims to provide XRPL and XRP services to corporations while adhering to domestic and international...

Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite China’s advancement towards becoming a cashless society, the...