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Space and Time Secures $20 Million in Series A Funding to Enhance AI and Blockchain

Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed…

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Tether CEO Criticizes Durov’s Arrest, States Europe Is ‘Falling Into Dark Ages’

Paolo Ardoino, CEO of Tether, one of the largest companies in the cryptocurrency industry, has criticized the arrest of Telegram founder and CEO Pavel Durov. On social media, Ardoino stated…

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French President Emmanuel Macron Dismisses ‘False Information’ on Pavel Durov’s Arrest; ‘It Is in No Way a Political Decision’

Emmanuel Macron, President of France, has disregarded what he qualified as “false information” regarding the arrest of Telegram CEO Pavel Durov. In a social media post, Macron stressed that the…

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Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January

Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading…

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Edward Snowden: Pavel Durov’s Arrest Is an Assault on Basic Human Rights

Renowned NSA whistleblower Edward Snowden gave his take regarding the recent arrest in France of Telegram founder Pavel Durov. Snowden blasted the French government’s actions, stating that these constituted an…

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36% Chance for Durov’s Freedom in August: Polymarket’s High-Stakes Bet on Telegram Founder’s Fate

According to the blockchain-powered prediction market Polymarket, bettors are giving Telegram founder Pavel Durov a 36% chance of being released this month. Durov was taken into custody by French judicial…

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Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

On Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a…

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Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin

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 will offer bitcoin certification for public…

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Ethereum Foundation Defends $96.9M Transfer Amidst Criticism

On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism…

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Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project 

Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency,…

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