Author: CryptoHoppers
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not […] Source link
Elon Musk has sparked speculation about potentially leading a new government agency if former President Donald Trump were to win the Oval Office again in the November 2024 election. In his signature style, Musk hinted at the idea with a meme on the social media platform X, featuring a double-entendre that plays on both cryptocurrency and politics. The post showcased what appears to be an AI-generated image of Musk sitting behind a desk with a placard reading “D.O.G.E.”, which stands for “Department of Government Efficiency.” The image was accompanied by the text “Department of Government Efficiency.” Department of Government Efficiency pic.twitter.com/HFeHYNIkJN—…
The latest Trump family business venture — originally pitched as a DeFi platform dubbed “The Defiant Ones,” but has since been rebranded as World Liberty Financial — is fraught with controversy just days after it was unveiled. While Trump’s eldest sons, Eric Trump and Donald Trump Jr., are “ambassadors” of World Liberty Financial, CoinDesk reports that the once “Defiant” company is also linked to individuals involved in liquidity protocol Dough Finance. Recall how Dough Finance lost $1.8 million in Ethereum (ETH) and USD Coin (USDC) to a flash-loan attack on July 12. Zachary Folkman and Chase Herro – the duo…
Key Takeaways Tether’s new gold-backed digital asset aims to enhance user confidence with blockchain technology. Tether’s CEO sees the US election as pivotal for the future of the crypto industry. Share this article One of the reasons Tether has chosen gold to back its new synthetic dollar, aUSDT, is its relative stability compared to Bitcoin, said Tether’s CEO Paolo Ardoino in a recent interview with Bloomberg. “Gold is probably the best asset to make that happen because it’s much less volatile than Bitcoin. We put up to Bitcoin, but gold is then is probably a better choice for the short…
Rex took the stage at a memecoin-focused side event and surprised the audience with something rare in the memecoin world: thoughtful analysis. KOL Who Called PEPE, BRETT, and WOLF Talks Memecoin Strategy Rex was a speaker at a Memecoin-focused side event. Of all the speakers, he was the least hyperbolic, and had the most substantive […] Source link
A widely followed crypto analyst is suggesting that Ethereum (ETH) is reaching a decision point. Crypto trader Michaël van de Poppe tells his 724,400 followers on the social media platform X that ETH’s next move depends on how it trades against Bitcoin (ETH/BTC). “ETH remains to be in an indecisive state of mind. Bullish divergence is applicable, but there is no follow-through. If it drops sub 0.042 BTC, I expect we will see a fall beneath 0.04 BTC and a denial of the divergence.” Source: Michaël van de Poppe/X Ethereum is worth 0.042 BTC ($2,287) at time of writing, just…
Socket Protocol which is backed by heavyweights like Coinbase Ventures and Framework Ventures just released a whitepaper that aims to advance how blockchain ecosystems communicate and function. The protocol introduces a seamless method for cross-chain interactions, tackling the issue of fragmentation that has plagued dApps and user experiences across multiple networks. Socket Protocol secured a $5 million investment from Coinbase Ventures and Framework Ventures at the end of 2023. The problem of cross-chain challenges is huge and many top venture firms have put their bets on solving this. Socket’s adoption has been rapid, processing billions in transaction volume monthly. Yet,…
Key Takeaways The ASI Alliance has launched the FET token on Cardano to promote a decentralized AI ecosystem. Enhanced tools like a direct migration tool and an Ethereum-Cardano bridge are set to improve FET’s liquidity and accessibility. Share this article SingularityNET, Fetch.ai, and Ocean Protocol, under the Artificial Superintelligence (ASI) Alliance, have officially deployed the FET (ASI) token on the Cardano blockchain, as announced by the ASI Alliance today.The Alliance said they chose Cardano for its security, speed, and low transaction costs. They believe Cardano’s robust infrastructure will benefit the development of ASI. The deployment is part of the team’s…
The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to allow users to initiate payments conventionally using regular banking rails. Japanese Banks Aim to Ditch Intermediaries for Blockchain-Based Stablecoin System Traditional […] Source link
Riot Platform, a leading Bitcoin mining company, has handled its energy costs and continued its expansion plans during the extreme Texas heat in August. The company has produced 322 BTC during the month while adapting to the harsh weather conditions. The August report shows Riot mined an average of 10.4 BTC/Day, which is an impressive feat. However, August mining was about 48 BTC lower than the previous month. In July, Riot mined 370 BTC and averaged 11.9 BTC/Day. Riot Produces 322 #Bitcoin in August 2024 and Exceeds 10,000 Bitcoin Held. “In August, Riot produced 322 Bitcoin and continued to exercise…