Latam Insights Encore: Brazil Can Lead the Way to Full BRICS De-Dollarization
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect...
JPMorgan’s Bold Call: Why Carry Trades May Be Facing Their Final Days
A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate hikes, while the Swiss franc carries...
Stripe acquires stablecoin platform Bridge for $1.1 billion
Stripe has closed a $1.1 billion acquisition of stablecoin firm Bridge. The company reestablished support for crypto payments in April, adding USDC on Ethereum, Solana and Polygon in October 2024. Stripe has completed the acquisition of Bridge, a stablecoin...
Russian Crypto Miner, Sovereign Fund Aim for Global AI Leadership
Bitriver, a Russian data mining company, has partnered with the Russian Direct Investment Fund (RDIF) to expand data center infrastructure and AI projects across BRICS countries. The goal is to boost Russia’s presence in AI and cryptocurrency mining. Both...
APE price surges after Yuga Labs launches ApeChain
APE price reached highs last seen in April, surging more than 15% in 24 hours to break to $1.66. The ApeCoin price was up more than 100% in the past week amid news around the launch of ApeChain. ApeCoin (APE), the governance and utility token of the ApeCoin...
Ripple’s Chris Larsen Pledges $10M in XRP to Back Kamala Harris’s Campaign
Chris Larsen, a well-known figure in the world of American business and angel investing, is making headlines once again. This time, the co-founder of multiple Silicon Valley tech ventures, including Ripple, has pledged a whopping $10 million to support Kamala...
Yuga Labs Debuts Apechain Network
Apecoin surged 70% on Sunday as Yuga Labs launched the Apechain mainnet and implemented staking rewards. The Apechain, a layer-3 network built on Arbitrum, will power the Yuga Lab’s metaverse, Otherside. Yuga Labs, the creators of the Apecoin token, Bored Ape...
Gold Surges to Record High Amid Safe-Haven Demand
Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the...
Interview: NoOnes visionary mission for Bitcoin adoption and empowerment in the Global South
Since its founding two years ago, NoOnes, a peer-to-peer (P2P) platform, has achieved a lot in a short space of time. As a visionary entrepreneur, Ray Youssef, NoOnes CEO, is helping lead the way in the evolving world of crypto. Using Bitcoin as a tool, Youssef...
Pepe Unchained ICO Blasts Past $21M as Analysts Predict Major Breakout
Pepe Unchained (PEPU), the latest meme coin sensation, has smashed through the $21 million mark in its ICO. Now, with a well-known analyst claiming PEPU is “ready to rocket,” excitement is building in the crypto community. Pepe Unchained –...
A New Fed Working Paper Aims to Rein in Bitcoin With Taxes or Prohibition—Here’s Why It’s Flawed
In a working paper, Amol Amol and Erzo G.J. Luttmer from the Federal Reserve Bank of Minneapolis argue that prohibiting bitcoin or imposing specific taxes could help governments implement permanent primary deficits effectively. Their research explores the...
Poodlana rises as digital assets see $2.2 billion inflows
Poodlana is among the cryptocurrencies to record a flip in price direction as the ecosystem recorded $2.2 billion in digital assets investment inflows. While Bitcoin, Ethereum, and Solana eye key support levels, its likely the positive sentiment pushes other...