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“# Latin America’s Mercado Bitcoin exchange raises $200M from SoftBank ” Latin American cryptocurrency exchange Mercado Bitcoin has secured $200 million in Series B financing from SoftBank, marking one of the largest funding rounds in the region’s history. Mercado Bitcoin will use the funds to expand its offerings and invest in new infrastructure to meet…
“# World Bank refuses El Salvador’s request for help on BTC transition ” The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender. It cited issues with Bitcoin’s environmental impact and transparency as reasons why it will not support El Salvador move to adopt Bitcoin…
“# Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador ” Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.” Steve Hanke served as a senior economist under President…
“# Latin American telecom company accepts crypto payments through BitPay ” GoldConnect, a Latin American telecommunications wholesaler, announced Tuesday that it will allow customers to pay with cryptocurrencies through payment processor BitPay, marking another important milestone in the region’s embrace of Bitcoin (BTC). Crypto payments can be made directly through LatamConnect, a platform that connects…
“# Adopting the Bitcoin standard? El Salvador writes itself into history books ” The cryptocurrency space and wider economic community continue to laud a historic move by El Salvador to recognize Bitcoin as legal tender. The Central American country has become the first in the world to do so, and the move has also spurred…
“# Traders, analysts offer mixed reactions to El Salvador’s BTC announcement ” While it was billed as the “one of the biggest announcements in Bitcoin’s history,” the market seems to be puzzling over the landmark reveal that El Salvador’s sitting President will be submitting legislation to recognize Bitcoin as legal tender. In a presentation at…
“#Seemingly extinct species of otter found in South America” Reports of this animal’s demise were otter nonsense. A wild giant river otter feared to be extinct in Argentina was recently spotted swimming in the country’s Bermejo River, according to local conservationists. “It was a huge surprise,” Sebastián Di Martino, director of conservation at Fundación Rewilding Argentina…
“#COVID overwhelms Latin America, Caribbean as death toll hits 1M” Freshly dug open graves line a municipal cemetery in Tijuana, just one of thousands of burial sites across Latin America and the Caribbean where gravediggers are making room for the region’s one million COVID-19 victims. The region hit the grim milestone Friday, with South America…
“# Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange ” Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry. The latest investment round gives Bitso a total value of $2.2 billion, making it the first Latin American cryptocurrency exchange…
“#Glittering image highlights land destroyed by gold mining” A captivating image of the Peruvian Amazon from space has become a striking reminder of the desolation caused by gold mining in the region. The breathtaking photograph, captured by a NASA astronaut aboard the International Space Station, shows two parallel yet very different rivers — one natural…