Latam Insights: Venezuela’s Crypto Mining Ban, Tether’s $300M Lawsuit

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Venezuela upholds a crypto mining ban as power demand spikes, Tether sues Titan Holding in Brazil for $300 million, and stablecoins dominate Peru’s crypto market. Venezuela Upholds Crypto Mining Ban as Power Demand […]

Ethereum Faces Sell-Off Risk as Whale Moves $1.35 Billion in ETH to Binance

A crypto whale, Garrett Jin, has transferred $1.35 billion in Ethereum (ETH) to Binance, sparking concerns of a sell-off amid swelling exchange reserves. The deposits, tracked by Lookonchain, coincide with institutional outflows and exchange inflow spikes that have pushed Binance’s ETH holdings to nearly a quarter of the centralized supply. Whale Sends $1.35 Billion in […]

XRP Price Eases From Highs, Yet Setup Still Favors Another Rally

XRP price started a downside correction from the $1.50 zone. The price is now consolidating and might aim for another increase if it stays above the $1.440 zone. XRP price started a downside correction after it failed to clear the $1.5050 zone. The price is now trading above $1.440 and the 100-hourly Simple Moving Average. […]

Rate Hike Back on the Table? Pimco Sounds Alarm Over Iran War Inflation

Pacific Investment Management Company (PIMCO), a leading US bond manager, has warned that the Federal Reserve may need to raise rates rather than cut them.  This comes as the US-Iran war drives inflation higher and undermines the central bank’s 2% target. Wall Street Heavyweights Warn Against Fed Easing Path CIO Dan Ivascyn said Iran’s closure […]