Bitcoin (BTC) starts a new week at the center of fresh crypto industry drama as the highest fees in two years pressure price action. Downside volatility is greeting traders thanks to a full mempool, and explanations point the finger at multiple parties. Largest exchange Binance is adding to the confusion, pausing BTC withdrawals several times over what it calls network…
The crypto exchange said it temporarily closed BTC withdrawals due to a “large volume of pending transactions.” Source: https://cointelegraph.com/public/index.php/news/binance-halts-bitcoin-withdrawals-for-the-second-time-in-12-hours
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador’s credit rating. Bolivia Passes Law to Sell Gold for Dollars…
The race to create artificial intelligence (AI) continues as China pushes forward the development of home-grown AI without utilizing the latest technology from the United States due to current sanctions. According to a report from the Wall Street Journal, Chinese companies are studying AI methods to develop AI via weaker semiconductors, along with combinations of chips, in order to bypass…
Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network. Source: https://cointelegraph.com/public/index.php/news/bitcoin-is-not-under-attack-btc-maxis-allay-fears-of-a-dos-offensive
The approval of the National Blockchain Policy in Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy in Nigeria in relation to the current blockchain ecosystem in Nigeria. The government of Nigeria approved…
Central banks have continued to consistently purchase gold during the first quarter of 2023, according to the latest report of the World Gold Council (WGC), the global gold statistics organization. Central banks added nearly 230 tonnes of gold to their national reserves, representing a 176% rise compared to the purchases made in Q1 2022. World Gold Council Registers Strong Gold…
Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-is-not-under-attack-btc-maxis-allay-fears-of-a-dos-offensive
The price of new memecoin Pepe (PEPE) has plunged more than 42% only days after reaching its all-time high on May 6, leaving at least one investor with hundreds of thousands in paper losses. According to blockchain analytics service Lookonchain, one crypto “whale” purchased 962.3 billion Pepe tokens using 70 Wrapped Bitcoin (WBTC) and 470 Ether (ETH) for an average…
A sudden spike in Bitcoin (BTC) transaction fees and unconfirmed transactions sparked concern on Crypto Twitter over the weekend of a potential Denial of Service (DoS) “attack” on the network. Some Bitcoin analysts and commentators have been quick to allay these fears from their respective followers. Bitcoin average transaction fees are currently $19.20, or 0.00068 BTC, according to BitInfoCharts. Meanwhile, according…
