Brazilian President Lula to Act as BRICS Liaison to Help Argentina, Discusses Credit Line in Brazilian Reals

Brazilian President Luiz Inacio Lula da Silva stated Brazil will serve as a facilitator to try and arrange BRICS bloc assistance for Argentina. Lula stated that the New Development Bank — the BRICS bank — could modify some of its rules

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. Dollar. Srinivasan paid a total of $1.5 Million, more than the initially

Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar

Willkommen bei Latam Insights, ein Kompendium der wichtigsten Krypto- und Wirtschaftsentwicklungsnachrichten aus Lateinamerika der letzten Woche. In dieser Angelegenheit: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged

Die argentinische Zentralbank gibt neue Noten heraus 2,000 Peso-Schein, da die Inflation weiter steigt

Die argentinische Zentralbank hat die Ausgabe einer neuen Währung angekündigt 2,000 Gewichtsrechnung, Ziel ist es, die Belastung durch die Verwendung von Bargeld für Zahlungen im Land zu verringern. Die Rechnung, der einen Wert von etwas mehr als 5 $ haben wird…

Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply

The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informalbluedollar keeps bringing concerns about a possible escalade in inflation rates, that are

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) Kryptomärkte…

Argentinischer Peso durchbricht historisches Tief, da Argentinier Ersparnisse in Dollar absichern

Der Wechselkurs zwischen US-Dollar und argentinischem Peso eskalierte im Dezember, Die argentinische Fiat-Währung erreichte neue historische Tiefststände, als die Bürger rannten, um ihre Urlaubszahlungen in Dollar umzutauschen. Die USA. Dollar erreichte einen Wert von 356 Pesos im Dezember 28, verlieren…

Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities

Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, mehr als 75 accounts have been blocked by Venezuelan

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

According to the International Monetary Fund (Der jüngste Finanzierungsvorschlag zur Hebelung von vorrangigen Wandelanleihen zeigt, dass das Unternehmen weiterhin an die Bitcoin-Mining-Industrie glaubt)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria

Prüfbericht: Bank of Spain besorgt über Inflation und ihre Folgen in Latam

Die Bank von Spanien hat einen neuen Bericht über die Leistung der lateinamerikanischen Volkswirtschaften in den ersten sechs Monaten des Jahres herausgegeben. The document states that the current inflationary development that several countries of the region have can lead to