Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin

June 3, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran officials met to discuss bitcoin issues, and Ocean launched a global hub in El Salvador. Paraguayan Authorities Shut Down […]

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Argentina’s Milei meets top tech CEOs to boost business relations

May 29, 2024 Coin Telegraph

Argentina

Libertarian Argentina has “enormous possibilities” under his leadership, Milei tells Sam Altman.

Argentinian President Javier Milei will meet privately with a number of high-profile figures, including top tech CEOs during a trip to Silicon Valley in California as he tours the United States. He will use the occasions to promote business relations with Argentina, according to press reports.

Milei told OpenAI and Worldcoin head Sam Altman about “the enormous possibilities offered by a libertarian Argentina” during their hourlong meeting on May 28. Alex Blania, co-founder and CEO of Tools for Humanity, the main developer of the Worldcoin project, was also at that meeting. It was Milei’s second meeting with the men. Worldcoin was active in Argentina in the summer of 2023 but faces political opposition.

Other tech luminaries on Milei’s roster include Alphabet’s Sundar Pichai, Meta’s Mark Zuckerberg and Apple’s Tim Cook. Milei will also meet with a group of start-up and AI entrepreneurs and speak at the Pacific Summit.

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Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

May 29, 2024 Bitcoin.com

Argentina

Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: […]

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Argentinian Regulators Meet With El Salvador Official To Explore Bitcoin and Crypto Adoption

May 28, 2024 The Daily Hodl

Argentina

Argentinian government officials met with El Salvador’s top crypto regulator last week to discuss the role of digital assets in society. Roberto E. Silva and Patricia Boedo, the president and vice president of the Comisión Nacional de Valores’ (CNV), Argentina’s market regulator, spoke with Juan Carlos Reyes, president of the National Commission of Digital Assets […]

The post Argentinian Regulators Meet With El Salvador Official To Explore Bitcoin and Crypto Adoption appeared first on The Daily Hodl.

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Argentine Officials Met With Salvadoran Regulators to Discuss Bitcoin Adoption and Regulation

May 28, 2024 Bitcoin.com

Adoption

Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints at a possible regulation agreement between the two countries. […]

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Bitcoin hits record in Japan, Argentina and Philippines’ local currency

May 21, 2024 Coin Telegraph

All time high

For the first time in history, the price of one Bitcoin exceeded 11 million yen in Japan, while prices also peaked in terms of the Argentinean and the Philippines peso.

Bitcoin (BTC) notched all-time highs in several countries across Asia and South America following a 7% surge on the day — pushing the cryptocurrency ever closer to its United States dollar peak.

Bitcoin prices hit an intraday and six-week high of $71,650 on May 21 following a gain of more than 7% over the past 24 hours.

The asset has returned to within 3.4% of its March 14 all-time high in USD terms of $73,738, according to CoinGecko.

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Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange

May 13, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency exchange Wenia, and Genesis Digital Assets announces flare gas-powered bitcoin mining site in Argentina. Argentine Authorities Crack Down on $1.25 Million […]

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Crackdown on Crypto Investment Scam Leads to Massive Raids in Argentina: $100 Million Operation Uncovered

May 10, 2024 Bitcoin.com

Argentina

The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a supermarket that was used as a facade for conducting illegal cryptocurrency mining operations, with dozens […]

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Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes

May 8, 2024 Bitcoin.com

Alex Blania

Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this project’s objectives given that it has found opposition from local regulators who allege Worldcoin is violating the Argentine citizens’ rights. Worldcoin […]

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Elon Musk Meets President Milei, Reccomends to Invest in Argentina

May 8, 2024 Bitcoin.com

Argentina

Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. […]

Argentina

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