Month: August 2024

Bitcoin failed to reclaim its $60,000 price tag on Sunday after climbing to just above that figure a day prior, even as investors drove broader market indices back toward record highs on Friday. The world’s largest crypto by market capitalization rose to just above $60,330 on Saturday but has since fallen 1.7% to around $58,646, CoinGecko data shows. Despite the…

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Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the […] Source: https://news.bitcoin.com/5-million-us-crypto-owners-urged-to-push-kamala-harris-to-fire-sec-chair-before-election/

Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract […] Source: https://news.bitcoin.com/110000-ether-pours-into-liquid-staking-platforms-boosting-defi-holdings/

Australia’s financial markets conduct regulator, ASIC, revealed Sunday that it coordinated the removal of more than 600 crypto scams in the last year as part of a wider effort to disrupt online investment scams targeting billions in Aussie savings. The Australian Securities and Investments Commission said it has helped take down 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks,…

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Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […] Source: https://news.bitcoin.com/better-markets-ceo-says-sec-has-90-chance-of-winning-in-ripple-appeal-criticizes-judges-xrp-ruling/

Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may be further reduced to 15%, which […] Source: https://news.bitcoin.com/goldman-sachs-lowers-us-recession-risk-to-20/

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes […] Source: https://news.bitcoin.com/latam-insights-el-salvador-to-receive-1-61-billion-for-economic-overhaul-plan-venezuelan-government-blocks-binance/