LATAM crypto wrap: Bybit expands regionally, Panama announces tax payment in crypto

Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth. Bybit, one of the world’s leading cryptocurrency exchanges, has announced a major expansion into Latin America, focusing on key markets like Argentina, Mexico, Colombia, and Chile.

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Bank Of America drops Coinbase over FTX’s misdoings

Bank of America decided to stock downgrading due to the FTX crypto exchange disaster and its impact on the cryptocurrency market.

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Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath

Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral.

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Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings

The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said.

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XRP Lawsuit: SEC Case Takes Surprising Turn As Coinbase Asks Court For Permission To Support Ripple

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NFTs Are Going Big in Latin America Amid a Crypto Boom

Different companies and organizations are incorporating non-fungible tokens into users' daily lives, not speculating.

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Remittances drive ‘uneven, but swift’ crypto adoption in Latin America

The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.

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Remittance Payments Driving Crypto Adoption in Latin America

The 40% growth in crypto adoption by Latin American countries over the past year was largely driven by remittances. The post Remittance Payments Driving Crypto Adoption in Latin America appeared first on BeInCrypto.

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Charles Hoskinson Says Every Bank in America Shills Crypto, Here's How

Cardano founder believes that banks are "advertising" cryptocurrencies better than blockchain platforms themselves, and this is where Kanye West is mentioned

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Crypto May Be the Future of Investing, According to Bank of America

A new Bank of America study reveals that millennials allocate less of their portfolios to traditional equities and more to alternative assets like cryptocurrencies. The post Crypto May Be the Future of Investing, According to Bank of America appeared first on BeInCrypto.

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BNY Mellon, America's oldest bank, launches crypto services

The bank will store private keys and provide bookkeeping services equivalent to those offered to fund managers in traditional assets.

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One of America’s Oldest Banks Joins the Crypto Revolution, Alongside Hundreds of Institutions

Bank of New York Mellon is now the first large American bank to safeguard customers’ cryptocurrency assets alongside traditional investment assets. The post One of America’s Oldest Banks Joins the Crypto Revolution, Alongside Hundreds of Institutions appeared first on BeInCrypto.

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FTX Partners With Visa For Crypto Debit Card, Uniglo.io Deflationary Tokenomics Would Make Suitable Payment Token

Bahamas-based cryptocurrency exchange FTX announced it would be teaming up with Visa to roll out crypto debit cards across 40 new countries. FTX successfully introduced a Visa debit card in the US earlier this year and will now be focussing the rollout on South America, Europe, and Asia.

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Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation

The traditional banking system and economic instability are making it difficult for Latin Americans to get credit, but crypto lending is thriving across the region.

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Nubank Attracts More Than 1.8 Million Brazilian Residents to Its Crypto Platform

The largest fintech company in Latin America, Nubank has registered 1.8 Million new users from Brazil since the launch of its crypto exchange in July 2022, making the platform one of the fastest-growing digital currency ecosystems in the region, according…

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Wall Street Bank CEOs Tell Congress They’re Unlikely to Finance Crypto Miners

The chief executives of Citigroup, Bank of America and Wells Fargo were questioned Wednesday at a congressional hearing.

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Crypto Exchange Huobi Global Enables Cryptocurrency Purchases With Fiat in Latin America

Huobi partnered with AstroPay, a company that offers online payment solutions, to offer the service.

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Nasdaq Starts Crypto Custody Service for Institutional Clients

Nasdaq Inc, the second-largest stock exchange in America, will release a cryptocurrency custody service as it aims to cash in on institutional crypto investors, according to a Bloomberg report.

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Ripple's Major Partner in Latin America Launches Crypto Remittances Between Mexico and Canada

Here is how Ripple's partner Bitso will connect three continents

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BofA: Crypto Buying Momentum Fades as Investors Weigh Bear Market Bounce, Recession Risk

Crypto investors are switching into stablecoins and out of more volatile assets due to uncertainty about the sustainability of the “bear-market bounce” and the potential for a hard recession in the U.S., Bank of America said.

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Peruvians Are Buying Crypto to Hedge Against Inflation and Political Instability

Amid government corruption investigations and economic imbalances, one of the most stable countries in Latin America is turning to cryptocurrencies as a store of value.

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Crypto 'cannot be partisan,' says US lawmaker who scored negative on bipartisanship index: Report

"This is literally about looking at America and opportunities for Americans," according to Minnesota Representative Tom Emmer.

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Crypto ATM firm Bitcoin Depot aims to go public in 2023 via $885M SPAC deal

One of the largest crypto ATM providers in North America, Bitcoin Depot, plans to list its stock on Nasdaq in the first quarter of 2023.

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Brazil’s MercadoLibre Introduces Crypto Loyalty Program With MercadoCoin

One of South America’s largest e-commerce firms has created a new cryptocurrency that it will implement in Brazil as part of its loyalty program The post Brazil’s MercadoLibre Introduces Crypto Loyalty Program With MercadoCoin appeared first on BeInCrypto.

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Tornado Cash sanctions will ultimately undermine the US and strengthen crypto

Like any aging empire, America is reacting to its competition.

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Ripple Recognized as One of America's Fastest-Growing Private Companies

Ripple, BlockFi and Distributed Ledger are only crypto companies on list

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Latin America’s Biggest Investment Bank Pactual Launches Crypto Trading Platform

BTG Pactual, Latin America’s largest investment bank, has launched a crypto trading platform called Mynt alongside competitor platform XP. The post Latin America’s Biggest Investment Bank Pactual Launches Crypto Trading Platform appeared first on BeInCrypto.

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BofA: Coinbase Is Well Positioned to Take Market Share During This Crypto Winter

JPMorgan is less optimistic than Bank of America about the company in the near term.

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BofA: Coinbase Exchange Is Well Positioned to Take Market Share During This Crypto Winter

JPMorgan is less optimistic than Bank of America about the company in the near term.

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Mercado Libre to Expand Crypto Trading Across Latin America

The company’s Mercado Pago digital wallet began allowing crypto buys and sells in Brazil in December, reaching 1 million users shortly thereafter.

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Canadian Regulators Probing Crypto Lender Celsius Network Alongside US: Report

Canada's provincial securities regulators are investigating how Celsius' implosion is impacting investors in North America.

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US lawmakers request crypto firms provide info on diversity and inclusion

“There is a concerning lack of publicly available data to effectively evaluate the diversity among America’s largest digital assets companies," said the letter.

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Building the blockchain industry despite market drops and regulation threats

Even if crypto regulation comes to America, top crypto investors are not worried as upward of 90% of cryptocurrencies are utilized outside the United States.

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Chileans Take Refuge in Stablecoins Amid Economic Turmoil

Latin America's most steady economy in the last three decades suffers a slump. Locals are turning to crypto for protection.

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LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys

Bitso, a leading cryptocurrency platform operating in Latin America, and the Mexican Football Federation (FMF), today announced the joint launch of the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies.

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Semantics? Analysts unpack 'technical recession' as crypto markets recover

Cryptocurrency market analysts unpack the ramifications of consecutive quarters of negative GDP growth in America.

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TikTok data policy debacle: Is user’s crypto at risk?

Could data security concerns raised over TikTok’s operations in America put cryptocurrency users’ coins at risk?

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Bitcoin and Ethereum Turn Volatile as Fed Meeting Nears

Uncertainty is mounting in the crypto market ahead of this week’s Federal Open Market Committee. Furthermore, upcoming earnings reports from America’s five biggest tech companies and other reports could impact...

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BCG, Bitget, and Foresight Ventures report says real crypto expansion is coming

A joint report by Boston Consulting Group (BCG), Bitget, and Foresight Ventures showed that crypto is at its very early stages of adoption and will expand more, especially in Latin America (LatAm) and the Asia Pacific (APAC) regions.

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Brazilian Crypto Exchange Mercado Bitcoin to Launch Operations in Mexico This Year: Report

The company’s parent 2TM raised $200 million from SoftBank one year ago with an eye towards expanding across Latin America.

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EHOLD Group Acquires Argentinian Crypto Exchange C-Patex

Latin America is currently dominating the world regarding integrating cryptocurrency into daily life. In 2021, the value of the South American crypto market exploded from $68 million to an incredible $650 million, a ten-fold increase.

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Spanish Bit2Me Buys Peruvian Crypto Exchange, Eyes Targets in Latin America

Following the acquisition of a majority stake in Fluyez, the company is looking for purchasing opportunities in Chile, Colombia and Uruguay.

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Spanish Exchange Bit2Me Buys Peruvian Crypto Exchange, Eyes Targets in Latin America

Following the acquisition of a majority stake in Fluyez, the company is looking for purchasing opportunities in Chile, Colombia and Uruguay.

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UFC fighter will receive full salary in Bitcoin, shrugs off crypto market volatility

Brazilian UFC fighter Luana Pinheiro becomes the first female sportswoman in Latin America to receive her entire salary in BTC.

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ZCash (ZEC) now available at Bitcoin of America ATMs

Zcash (ZEC) is fifth cryptocurrency coin Bitcoin of America offers at its crypto ATMs.…

The post ZCash (ZEC) now available at Bitcoin of America ATMs appeared first on CoinJournal.

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Bitcoin Can Now Be Bought at Over 175,000 ATMs as Hyosung America Adds Crypto Functionality

ATM provider Hyosung America to add cryptocurrency services to 175,000 ATMs and AppStore

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Bank of America Sees Enormous Decline in Crypto Users

Bank of America has recorded massive plunge in cryptocurrency users since November due to massive price plunge

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Bank of America Customers’ Crypto Activity Slowed as Market Slid

The number of active crypto users among Bank of America (BAC) customers slumped more than 50% to fewer than 500,000 between November and May.

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Coinbase Plans Overseas Expansion, Seeks Licenses In Europe

Crypto exchange, Coinbase is now considering on an expansion outside America to Europe, thereby increasing its scope and stretching its operations outside the home market. The crypto exchange currently is in the process of registering in markets which includes Spain, Italy, France and Netherlands.

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FTX.US Review – Fees, Supported Coins, Payment Methods

Ftx. us is the US-specific variant of the FTX exchange customized to meet the stricter regulatory requirements of trading crypto in the United States of America. It was launched in May 2020 and joined Binance US, Kraken, and Coinbase in their elite group as top Crypto exchanges in the US.

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