Monthly archives: August 2024

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. In this edition, we discuss the recent investments made by the Salvadoran government in Bitcoin education and certification, and how these initiatives might increase trust in cryptocurrency and boost adoption in the country. Latam …

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United Arab Emirates-based investment firms Hodler Investments and Gewan Holding have announced plans to launch a $500 million Digital Energy Infrastructure (DEI) Fund. This fund aims to invest in energy infrastructure projects that support the growth of the digital economy. The DEI Fund will invest in a variety of projects, including power generation, data mining, …

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Tigran Gambaryan, a former U.S. federal agent and Binance executive, has now spent six months in Nigerian detention. Lawyers say he has been denied proper medical care, leading to severe health issues, including a herniated disc that has left him unable to walk. Additionally, his lawyers said that between July 26 and August 14, they …

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The US government has pushed back against former FTX executive Ryan Salame’s attempt to void his guilty plea, which he claims was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. In a recent filing, the US Attorney’s Office called Salame’s allegations “demonstrably false,” emphasizing that the charges against Bond …

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In the evolving landscape of Web3, security remains a paramount concern for crypto companies. Most of these companies rely heavily on pre-deployment smart contract audits, believing that such audits will safeguard their projects and client funds from hacks. However, recent data reveals a stark truth: 90% of the smart contracts that were hacked had undergone …

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Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like India and China. While some BRICS members support a single currency, Stepashin advocates for enhancing financial …

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Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler …

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Russia is reportedly set to start trials for cryptocurrency exchanges and digital token payments on Sept. 1 to mitigate payment difficulties caused by international sanctions. These trials will involve the National Payment Card System and could lead to the establishment of crypto trading platforms if successful. Legislation was recently passed to legalize crypto mining and …

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The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital …

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The Russian Foreign Ministry has disclosed that its embassy in France has sought clarification on the detention of Telegram CEO Pavel Durov. The embassy stated that it aims to protect his rights, but France has been uncooperative. Durov’s arrest has sparked controversy, with Russian officials labeling him a political prisoner. Russia Seeks Answers on Telegram …

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