Strategy raised $263.5 million through MSTR stock sales while reporting no bitcoin purchases, lifting its U.S. dollar reserve to $3.225 billion as its buying pause stretched into another week. Why Is Strategy Building a Larger Dollar Reserve? A growing cash reserve became the most notable development in Strategy Inc. (Nasdaq: MSTR)’s latest filing with the […]
Coinbase CEO Brian Armstrong pushed back on Sunday against fears that miners defecting to artificial intelligence (AI) threaten bitcoin, arguing the network’s built-in difficulty adjustment keeps blocks flowing no matter how much hash power leaves. The Argument Armstrong made the case in a post on X, wading into a debate that flared the same day […]
While the institution recognized that most jurisdictions are working to apply its recommendations, others are lagging, allowing criminal groups to use digital assets for their illicit purposes. The FATF alerted to the misuse of stablecoins and the risks of offshore VASPs. Financial Action Task Force Calls for Increased Oversight on Digital Assets The Financial Action […]
Billionaire venture capitalist Chamath Palihapitiya argued on Sunday that bitcoin bulls face a two-front squeeze, with speculative money migrating to prediction and equity markets while the energy that powers mining is worth more redirected to artificial intelligence (AI). A Two-Front Squeeze The Social Capital founder’s argument, highlighted in a post on X, states that the […]
Hackers briefly disabled the official website of Kenyan President William Ruto on July 18, demanded a ransom of five bitcoins and threatened to leak unspecified data if not paid. Government Response Triggered Kenya’s government is investigating a cybersecurity breach that briefly disabled the official website of President William Ruto on July 18, with attackers defacing […]
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Bolivia evaluates Tether’s USDT inclusion in its payment system, Venezuela’s crypto P2P economy reaches new highs, and an Argentine federal judge issues new fund freezes in the Libra case. Bolivia Evaluates Integrating USDT […]
The decision, applied under Section 301 of the Trade Act of 1974, was taken by the USTR after a year-long investigation that found certain circumstances in Brazil, including Pix payments, were “unreasonable” and burdened or restricted “the commerce of American farmers, workers, innovators, and exporters.” USTR Applies 25% Tariffs on Brazilian Goods with Pix Payments […]