Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how Tether is expanding both its foothold and its business to pivot from a model that is on the verge of a dramatic expansion to a Latam-focused general crypto company. Latam … Read more
OKX aims to become a leader in regulatory compliance after resolving a $500 million settlement with US authorities. On Feb. 24, OKX CEO Star Xu acknowledged past lapses in compliance but stressed that US customers only represented a small fraction of their user base. Xu stated the company’s commitment to enhancing its regulatory practices and … Read more
Homepage > News > Business > Nigeria slaps Binance with $81.5 billion lawsuit Nigeria has filed a new lawsuit against Binance, demanding $81.5 billion from the global digital asset exchange for economic losses and back taxes. Nigerian authorities and Binance have been embroiled in a legal battle for the past year, with the exchange accused … Read more
As of February 25th, reports from CoinDesk indicate a significant **decline** in Ethereum’s price, which dropped by over 5% to settle at **$2,375**. Analysts are closely watching the convergence of the **50-day Simple Moving Average (SMA)**, which is expected to dip below the **200-day SMA**. This occurrence, known as a “death cross,” often signals a … Read more
Sam Bankman-Fried X appearance inspired the attempt to launch a fake memecoin. The past month saw a surge in memecoin rug pulls within the sector. The crypto market has decided to slump further down as the week progresses. This is combined with the news of South Dakota’s Bitcoin Reserve bill making it a bearish day … Read more
A recent study reveals significant cryptocurrency adoption and optimism in Australia, with nearly a third of Australians having owned crypto and a majority believing in its future acceptance. Close to 60% of Users Report Profits Nearly a third (32.5%) of Australians have now owned cryptocurrency, while 42.9% “believe crypto will be widely accepted in the … Read more
U.S. authorities have seized $31M in crypto from the 2021 Uranium Finance hack. Hackers stole around $50 million in 2021. The U.S. government confiscated about $31 million in cryptocurrency connected to the 2021 hack of Uranium Finance. This was a coordinated effort by the Southern District of New York (SDNY) and the San Diego Homeland … Read more
The crypto market surprised many users by flipping into extreme fear. Most critical indicators reflected the crypto market’s bearish pressure. Bitcoin resisted the drop below $90,000. The crypto market surprised many by flipping into extreme fear conditions, even though most crypto community members wait for an altcoin season. A sudden price crash across almost all … Read more
Bitcoin fell below $90,000 for the first time since November 2024 as ETF outflows continued, crypto liquidations surpassed $1.3 billion and US-China trade tensions weighed on investor sentiment.
Chainalysis said collaborative security efforts across the crypto community have led to freezing $40 million of stolen funds from the Bybit hack.