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Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency…

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BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements

The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border…

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Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement

Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041…

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NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline

Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a…

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FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny

In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were…

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Pharrell, Lil Wayne, and Coi Leray to Voice Characters in Doodles’ Animated NFT Film

The team behind the Ethereum non-fungible token (NFT) collectible series Doodles revealed on Thursday its intention to debut an animated movie accompanied by music in the summer of 2024. The…

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Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles

In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The…

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Bitcoin Cash Undergoes Halving Event, Sets Stage for May Upgrade

The Bitcoin Cash network has witnessed its halving event at block height 840,000, leading to a reduction in the miner reward to 3.125 coins per block from the previous 6.25…

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Crypto Organizations Rally for Bitcoin Emoji, Seek 50,000 Signatures to Convince Unicode 

Over 35 cryptocurrency entities, spearheaded by Nexo, have initiated a campaign to introduce a bitcoin emoji, uniting more than 170 million community members in the process. Campaign for Official Bitcoin…

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