Crypto News
Latam Insights: Argentina Achieves Historic Milestone, Brazil Battles Crypto Tax
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Argentina has achieved its lowest inflation levels in five years, Brazil is contesting Lula’s cryptocurrency tax in Congress, and Argentina has blocked access to HTX. Argentina’s Economic Miracle: Milei Achieves Lowest Inflation inSource link
Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins
According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong Kong, which has already enacted regulations for such instruments. Analysts: China Has the Option to Fight Dollarization With Yuan Stablecoin The U.S. government’s push forSource link
Russia Predicted to Emerge as the Second Global Bitcoin Mining Power
The bitcoin mining industry in Russia has the opportunity to rise and secure the second spot in bitcoin hashrate, according to GIS Mining’s Vasily Girya. Even with the recent restrictions, Girya states that the entrance of new, larger economic groups will invigorate the Russian mining ecosystem. Despite Current Headwinds, Russia May Rise as Second BitcoinSource link
ADA Takes a Hard Fall as Traders Feel the Heat of War in the Middle East
Cardano (ADA) ADA is trading at $0.5478, down 6.45% over the past 24 hours, after a sharp correction fueled by market anxiety surrounding escalating geopolitical conflict in the Middle East. The token fell from a high of $0.586 to a low of $0.5464, with the steepest drop occurring during the 21:00 hour when ADA fell 3.2% on 126 million volume, according to CoinDesk Research's technical analysis model. 24-hour trading volume climbed to 37.37% above its 30-day average.Despite this volatility, Cardano continues to attract long-term interest. Nearly $1 billion worth of ADA has been withdrawn from centralized exchanges in 2024, and over 310 million tokens have been accumulated by large holders in June alone.Institutional interest in the Cardano ecosystem was also...
Crypto Market Liquidations Top $701M as U.S. Strikes Hit Iran’s Nuclear Facilities
Ethereum led the crypto market selloff Sunday morning, after U.S. President Donald Trump ordered strikes on three Iranian nuclear facilities.Source link