The debate on the Argentine economy dollarization continues: dollars or Argentine pesos. Bitcoin has now entered the discussion, and many believe that the cryptocurrency could be a better alternative. As Argentina approaches the PASO elections, political candidates are rolling out their proposals to combat rampant inflation, which is estimated at an alarming 142% according to […]
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Colombian authorities assured that the criminals have already been issued a detention order. The theft of digital assets could have occurred because citizens had a virtual wallet on their cell phones with assets worth 43 million dollars. This is the fourth case in Colombia that involves this type of robberies in 2023. Medellín authorities captured […]
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Bank of America (BoA) was fined $150 million by US regulators for double charging overdraft fees and opening unauthorized accounts. The US central bank assessed banks’ resilience to recession, but did not consider their ability to withstand real-world challenges. America’s banking crisis is far from over, with some of the country’s biggest banks stuck in […]
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Grayscale Bitcoin Trust (GBTC) has been on an uncertain journey over the past year as cryptocurrency headwinds have fluctuated. This was the result of the uncertainty caused by the bankruptcy of Genesis Trading, a company under the same umbrella as Digital Currency Group (DCG), of which GBTC is a part. Nevertheless, confidence has improved as […]
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Senators Cynthia Lummis and Kirsten Gillibrand will introduce a new bill today, aimed at clarifying cryptocurrency regulation in the United States. The revamped Lummis-Gillibrand Responsible Financial Innovation Act proposes to classify most cryptocurrencies as commodities. The legislation aims to mitigate investor losses from the collapse of the crypto industry, as well as enforce strict standards […]
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