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Avalanche Powers Littio’s New USD Savings Accounts in Latin America

Bitcoin.com
Avalanche Powers Littio’s New USD Savings Accounts in Latin America
Avalanche
Avalanche Powers Littio’s New USD Savings Accounts in Latin AmericaLittio, a Colombian neobank, has joined forces with Avalanche to offer interest-bearing USD accounts through Opentrade’s blockchain-based platform. The partnership aims to provide financial solutions to Latin Americans facing high inflation and currency devaluation. Neobank Littio Uses Avalanche to Boost Financial Services in Latin America Littio, known for its mobile banking services, is using Opentrade’s […]
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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil

Coin Telegraph
Ripple and Mercado Bitcoin to launch crypto-enabled payments in Brazil
Coin Telegraph

Mercado Bitcoin, one of the largest crypto exchanges in Latin America and a partner of Mastercard, is working with Ripple on crypto-enabled international payments.

Blockchain payments network Ripple is collaborating with a major crypto exchange in Brazil to launch cross-border payments enabled by crypto.

Ripple has partnered with the Brazilian Mercado Bitcoin exchange to enable local businesses to settle payments using Ripple’s “managed end-to-end payments solution,” the firm officially announced on Oct. 3.“

With the new payment tool, businesses in Brazil would be able to get “faster, cheaper, more efficient cross-border payments” across the globe 24/7 and settle payments in a matter of minutes, Ripple stated.

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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

How China’s Economic Slowdown Will Transform Global Trade, Expert Insights

Bitcoin.com
How China’s Economic Slowdown Will Transform Global Trade, Expert Insights
bitcoin.com
How China’s Economic Slowdown Will Transform Global Trade, Expert InsightsChina’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic challenges might prompt China to boost investments in regions like Southeast Asia and Latin America. China’s Economic Shift and Its Global Implications […]
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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

Bitcoin.com
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index
Bitcoin
India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption IndexIndia, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]
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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

BlackRock launches Ether ETF in Brazil

Coin Telegraph
BlackRock launches Ether ETF in Brazil
blackrock

The asset manager has expanded its portfolio of crypto-based products in Brazil with the debut of the recently launched iShares Ethereum Trust through a depositary receipt. 

BlackRock is expanding its crypto product offerings overseas. On Aug. 28, the company listed its Ethereum exchange-traded fund (ETF) through a depositary receipt on Brazil’s stock exchange B3. 

According to local reports, retail and institutional investors can trade the iShares Ethereum Trust (ETHA) under the ticker ETHA39 in the country. 

A depositary receipt is a security representing shares in a foreign company or fund. It is typically traded in the local currency and backed by the original asset. As BlackRock introduces its Ether (ETH) ETF to the local market, the shares will be offered at a price equivalent to one-third of their original value. 

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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Venezuela blocks Binance, X amid presidential election dispute

Coin Telegraph
Venezuela blocks Binance, X amid presidential election dispute
Ban

Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X.

Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.

On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website and mobile application.”

“Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions,” the exchange’s Latin American-focused X account posted on Aug. 10.

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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Bitso Integrates Lightspark for Bitcoin Lightning Network

Bitcoin.com
Bitso Integrates Lightspark for Bitcoin Lightning Network
Bitcoin
Bitso Integrates Lightspark for Bitcoin Lightning NetworkBitso, a leading Latin American cryptocurrency platform, has announced its partnership with Lightspark to incorporate the Bitcoin Lightning Network into its services. This integration aims to enhance the speed and affordability of bitcoin transactions for Bitso’s users. Bitso Adds Lightning Support via Lightspark The integration of Lightspark Connect will allow Bitso‘s 8 million retail customers […]
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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and more

Coin Telegraph
Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and more
Bitcoin mining

This week’s Crypto Biz explores the departure of Jump Crypto’s CEO, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and other news.

The first deadline for complying with new rules under the European Union’s Markets in Crypto-Assets Regulation (MiCA) is approaching, slashing more stablecoins from local markets. 

On June 26, Bitstamp announced the delisting of Tether’s euro-pegged stablecoin, EURT, to comply with the new rules. The exchange was one of the first to list the coin in 2021. In the same vein, Uphold recently notified its European users that six popular stablecoins would no longer be supported on its platform: Tether (USDT), Dai (DAI), Frax Protocol (FRAX), Gemini dollar (GUSD), Pax dollar (USDP) and TrueUSD (TUSD).

Binance has also revamped its stablecoin strategy. The exchange is now classifying stablecoins into “regulated” and “unauthorized” coins based on their compliance with the new regulations. Coins labeled as “unauthorized” will be available on its platform in a “sell-only” mode, said Binance, adding that only a few stablecoins would meet MiCA requirements at present.

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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Ripple Report: Crypto and CBDCs Transforming Global Payments

Bitcoin.com
Ripple Report: Crypto and CBDCs Transforming Global Payments
Africa
Ripple Report: Crypto and CBDCs Transforming Global PaymentsRipple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is witnessing a digital transformation with a shift towards crypto-powered solutions and CBDCs, despite resistance from sector incumbents. In Africa, crypto-enabled payments are enhancing accessibility and affordability, […]
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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Brazil leads LATAM crypto trading with $6B volume in 2024

Coin Telegraph
Brazil leads LATAM crypto trading with B volume in 2024
Brazil

Brazil recorded a 30% increase in crypto trading volume in the first months of 2024, outpacing USD weekly trading volume since mid-January.

Crypto trade volumes in Brazil have spiked in the first months of 2024. According to data from Kaiko Research, crypto trading activity in the country is up 30% year-over-year.

From January to early May 2024, crypto trading volume denominated in Brazilian real reached $6 billion, marking a 30% increase from the previous year. Thus far, in 2024, the country has ranked as the largest market in Latin America and the seventh-largest worldwide in terms of fiat currency trade, said Kaiko.

In the first four months of 2024, crypto trading volume in the Mexican peso was $3.7 billion, while the Argentine peso volume was approximately $300 million.

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Avalanche of Institutional Money Continues Into Crypto Products With ,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

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