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Venezuela’s state-owned oil and gas company PDVSA is reportedly planning to speed up its use of crypto, particularly USDT, the largest stablecoin by market capitalization, to circumvent US sanctions. The…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the…
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and…
Latin America holds the seventh position among all regions in terms of the global crypto economy rankings by Chainalysis. It ranks ahead of only Sub-Saharan Africa but closely follows regions…
The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.
Bitcoin price strength across the board continues into a weekly close that analysis says should stay above $30,000.
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.
The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who…