DEEPSEEK
Latin America's Macro Crossroads: From Crisis Hangover to Nearshoring, Rate Cuts, and New Risks
Latin America is projected to grow 2% in 2024, driven by recovery in Argentina and Brazil. Inflation is down, with potential rate cuts ahead, but risks remain high.
Argentine Financial Sector Embraces AI with GitHub Copilot
Argentine developers in the finance sector leverage GitHub Copilot to drive innovation and efficiency, highlighting a shift towards digital transformation in banking and fintech.
Ethereum's Destino Devconnect Aims to Propel Argentina into Blockchain Future
Destino Devconnect launches a local grant initiative to accelerate Ethereum adoption in Argentina, ahead of Devconnect ARG 2025 in Buenos Aires.
Worldcoin (WLD) Expands Investment and Services in Argentina
Worldcoin (WLD) significantly increases its investment in Argentina, expanding its services and digital identity solutions.
Brazilian Couple Behind $400M Crypto Ponzi Scheme Nabbed in Argentina
Authorities in Argentina have arrested a Brazilian couple accused of masterminding a $400 million cryptocurrency Ponzi scheme.
Crypto Adoption in Latin America: A Tool Against Economic Woes and Authoritarianism
The cryptocurrency landscape in Latin America, particularly in Argentina and Venezuela, is evolving as a mechanism to counter economic and political adversities. While Argentina sees crypto as a bulwark against economic instability, Venezuela is utilizing it as a tool for humanitarian aid and resistance against authoritarianism. The divergent crypto adoption narratives in these nations underscore the asset class's potential to address complex societal challenges.
Bitfinex Unveils Zero-Fee P2P Trading in Argentina, Colombia, Venezuela
Bitfinex has initiated a zero-fee trading feature for market takers on its Peer-to-Peer (P2P) platform in Argentina, Colombia, and Venezuela as of October 11, 2023. This move comes post the recent extension of the P2P service to these regions, aiming to reduce transaction costs, enhance liquidity, and encourage crypto trading. Users can access this facility by logging into their Bitfinex accounts and selecting the P2P option.
Argentina Approves First Regulated Bitcoin Futures Index
The securities regulator of Argentina has approved the first regulated Bitcoin futures index on the Matba Rofex exchange, with the futures contract based on the price of BTC provided by various entities in the country. This provides a safe and regulated way for qualified investors to gain exposure to Bitcoin in a transparent environment. The launch of the Bitcoin futures contract comes as Argentina struggles with high inflation and citizens turn to Bitcoin as a way to mitigate its effects.
Brazil and Argentina explore a common currency
Coinbase CEO Brian Armstrong promotes Bitcoin for Brazil and Argentina. A alternative currency to the Argentine peso and Brazilian real is being prepared by the two South American nations. BTC might become the second-largest currency bloc after the US dollar.
Argentina's Proposed Crypto Disclosure Law Promotes Disclosure
Crypto holders would have to submit an affidavit detailing their holdings under the measure. Voluntarily declaring crypto assets within 90 days of the law's implementation would result in a 2.5% capital gains tax. Next parliament will debate the measure.