Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil bans the use of cryptocurrency for gambling-related payments, and Worldcoin faces fines for alleged abusive behavior in Buenos Aires. Brazil Passes Rules Banning Cryptocurrency Payments for Gambling Brazil has legalized the use […] Source: https://news.bitcoin.com/latam-insights-brazil-bans-crypto-for-gambling-worldcoin-battles-buenos-aires/
The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations for rapid wealth and assured returns. Violators of Angola’s […] Source: https://news.bitcoin.com/chinese-embassy-advises-citizens-in-angola-to-avoid-crypto-mining/
Tether has partnered with the TON Foundation, launching $60 million of USDT on The Open Network (TON) blockchain as announced at the Token2049 event in Dubai, making TON the 11th largest blockchain out of 16 supproting Tether. This collaboration also introduced the gold-pegged Tether Gold (XAUT) stablecoin on TON, with cross-border payments touted as free, […] Source: https://news.bitcoin.com/tether-expands-to-ton-blockchain-with-60m-usdt-launch/
Former First Lady Melania Trump has announced a customizable $245 necklace, “Her Love & Gratitude,” to celebrate Mother’s Day on May 12, 2024; the necklace comes with a flower pendant, an adjustable chain, and options for personalization with names, initials, or dates. Buyers of the necklace will also receive a limited-edition digital collectible minted on […] Source: https://news.bitcoin.com/melania-trump-unveils-personalized-mothers-day-jewelry-plus-solana-nft/
Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto addresses. 11 million TON will be distributed among USDT users on TON to incentivize its adoption in the ecosystem. Tether […] Source: https://news.bitcoin.com/tether-integrates-usdt-on-ton-network-targets-900-million-telegram-users/
The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures […] Source: https://news.bitcoin.com/bitcoin-futures-demand-blows-up-in-brazil-7400-contracts-traded-on-launch-day/
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock market. Recently, market observers […] Source: https://news.bitcoin.com/historic-yield-curve-inversion-reaches-656-days-echoing-pre-stock-market-crash-patterns/
Amid ongoing global tensions, the price of gold remains robust at $2,391 per troy ounce, while bitcoin continues to trade at a 12% deficit from its peak value. Recently, the U.S. House of Representatives approved a series of funding bills for Ukraine, Israel, and Taiwan. Following the bill’s passage, Russian Foreign Ministry spokeswoman Maria Zakharova […] Source: https://news.bitcoin.com/russia-warns-us-of-further-aggravation-after-funding-bill-passes-amid-heightened-geopolitical-strife/
For a long time, games were becoming ever easier, letting you fast-travel to anywhere at any time, reviving you after death without any penalties, and so on. But the rise in popularity of roguelike games (Spelunky, Binding of Isaac) and Soulslike games (Dark Souls, Lies of P) tells us that gamers still like it when their games push back—if the…
Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks, including a new scheduler that will be disabled by […] Source: https://news.bitcoin.com/solana-developers-deploy-fixes-to-mainnet-to-address-network-congestion/
