Author: NBTC
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in El Salvador, Leaving National Producers Worries President Nayib Bukele surprised many with a measure that ramps up its commitment to take down inflation in basic products and curb distributors’ speculation practices. Using his leverage in the national congress, Bukele pushed and quickly passed a bill…
In the dynamic world of blockchain technology, where innovation is the key to staying relevant, certain projects stand out for their relentless commitment to development. According to a recent report by Santiment, a prominent market intelligence platform, several projects on Binance Smart Chain (BSC) and BinanceChain are leading the charge. These projects are not just active but are setting benchmarks with their consistent development activities. Santiment’s analysis provides a fascinating glimpse into the ecosystem, showcasing the projects that are most dedicated to evolving and expanding their capabilities. By scrutinizing GitHub activity—a popular repository hosting service where developers contribute to project…
Cardano founder Charles Hoskinson has fiercely criticized the U.S. government’s approach to crypto regulation in a recent X post, arguing against President Biden’s re-election. My first goal has always been to keep government out of crypto completely. In the places where that’s not possible, the choice is pretty clear. If they want a CBDC, sue non-custodial wallets, systematically jail the leaders of Crypto, call everyone a security, and bully and… https://t.co/T7qZwPdJPA — Charles Hoskinson (@IOHK_Charles) July 17, 2024 Hoskinson characterized politics as a “game of cause and effect,” highlighting the manipulative tactics employed by political parties to secure victory. His…
The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level. Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted in a retracement of over 20% on the monthly time frame. Bitcoin Price At Risk Crypto analyst “Blockchaineddbb” has provided a noteworthy assessment of the situation. According to the analysis, a daily close below the 200 daily exponential-moving average (EMA), currently positioned at $58,000, indicates…
According to BlockBeats, a professional blockchain research institution and information platform, the total Ethereum contract holdings on the entire network were reported at $14.798 billion, a 24-hour decrease of 0.62%. Citing data from Coinglass, the research institution also noted that the total Bitcoin contract holdings on the entire network are now reported at $36.566 billion, a slight decrease of 0.08% in 24 hours. BlockBeats’ observation was reflected in Ethereum’s price, as the flagship altcoin experienced a slight pullback in the past 24 hours after rallying impressively in the past two weeks. TradingView’s data shows Ethereum slipped by 1.57% to trade…
As many investors regard Robert Kiyosaki as somewhat of an authority on the matter, the popular American finance author known for his best-selling personal finance book ‘Rich Dad Poor Dad’ has set his sights on two new investments to add to his portfolio. Specifically, he announced his “two new billion-dollar investments” as “examples of ‘limitless’ startups” to discuss at the conference organized by his business partner Ken McElroy, which will take place between August 29-31 in Dallas, Texas, according to Kiyosaki’s X post on July 22. NEW BIILION PROJECTS: At LimitlessI will be speaking on my two new billion dollar…
Render (RNDR) could surge in June 2024 due to strong fundamentals and a growing user base globally. The Graph (GRT) may experience a significant price rise driven by solid partnerships and growing adoption. Near Protocol (NEAR) attracts developers with its ease of use, performance, and interoperability in the blockchain space. In the world of cryptocurrency, artificial intelligence (AI) has developed as a viable industry. These coins are in a great position to benefit from the rising request for decentralized arrangements given the wide utilization of AI innovation over businesses. June might see a 100% increment in esteem for three of…
U.S. Senator Bob Menendez has informed allies of his intention to resign from Congress following his conviction on federal corruption charges, NBC News reported Wednesday. Menendez, known for his staunch opposition to crypto and Bitcoin, had been an outspoken critic, often advocating for stringent regulatory oversight of the industry. The conviction stems from allegations Menendez used his status to benefit three New Jersey businessmen and the Egyptian and Qatari governments in exchange for bribes, including cash, gold bars, and luxury items. Prosecutors detailed these corrupt activities, which included influencing government actions and providing sensitive information to foreign entities, per the…
Michael Saylor, co-founder of MicroStrategy business intelligence giant which has become a leader in accumulating Bitcoin over the past four years, making it part of its development strategy, has addressed the crypto community with a bullish BTC tweet. This happened while the global flagship cryptocurrency staged a 4.89% recovery over the last 24 hours, pushing away from the $53,900 zone it hit on Friday. Saylor’s message to Bitcoin community Michael Saylor addressed the global Bitcoin community with a message about Bitcoin’s stability: “1 BTC = 1 BTC.” Thus he commented on the recent roller-coaster demonstrated by the BTC market as…
Spot Ethereum ETFs are expected to start trading this week, a big event since January when the Securities and Exchange Commission (SEC) approved Bitcoin funds. Participants in Polymarket’s betting platform have staked $250k, with a probability of the listing standing at 99%. This is an important event since Polymarket has been highly accurate on key issues in the past few months. Why spot Ethereum ETF matters There are signs that the SEC will approve ETFs by companies like Blackrock, Invesco, and Franklin Templeton. Most of these issuers have already published their final filings and analysts believe that it is just…