General News

Crypto Exchange BingX Hacked for $43 Million

BingX, a cryptocurrency exchange, recently suffered a hack that resulted in the loss of nearly $43 million in digital assets. Despite the sizable theft,...

US Federal Reserve Cuts Interest Rates by 50 Basis Points After Four-Year Pause

The day the economy has been waiting for has arrived, as the US Federal Reserve has cut interest rates by 50 basis points, marking...

Revolut Plans to Join Stablecoin Market with New Crypto Offering

Revolut, a leading financial tech firm, is reportedly making strides in creating its own cryptocurrency stablecoin. According to a recent report from Coindesk, the...

House Republicans Press SEC Chair Gensler for Clarity on Crypto Airdrops

U.S. Representatives Tom Emmer and Patrick McHenry are demanding answers from Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the regulatory treatment of...

Professor Crypto Alleged For Bot Use Following Award Win

A prominent crypto influencer known as "Professor Crypto" is under fire after being accused of using bots to inflate his social media presence, following...

Australia’s Central Bank Shifts Focus to CBDC with 3-Year Roadmap

The Reserve Bank of Australia (RBA) has confirmed it will not be pursuing a retail central bank digital currency (CBDC) for now, focusing instead...

BlackRock and Microsoft Announce $30 Billion AI Infrastructure Fund

BlackRock and Microsoft have teamed up to launch a massive $30 billion fund aimed at developing artificial intelligence (AI) infrastructure. The collaboration between the...

Ex-SEC Officials to Testify on Politicized Crypto Regulation

On September 18, U.S. lawmakers will host a hearing examining the Securities and Exchange Commission's (SEC) regulatory approach toward the crypto industry, featuring testimony...

Flyfish Club Hit With $750K SEC Fine Amid NFT Crackdown

Two commissioners from the U.S. Securities and Exchange Commission (SEC), Hester Peirce and Mark Uyeda, have expressed strong opposition to the agency's decision to...

MicroStrategy Announces $700M Debt Offering to Purchase More Bitcoin

MicroStrategy (Nasdaq: MSTR) has unveiled its third debt offering of 2024, aiming to raise $700 million through the issuance of convertible senior notes due...

Cathedra Bitcoin Shifts Mining Strategy to Maximize Bitcoin Reserves

Cathedra Bitcoin, a Canadian Bitcoin mining company, has decided to pivot from its traditional mining operations after evaluating the return on investment for shareholders...

Brazilian Police Bust $9.7 Billion Crypto Laundering Ring

Welcome to Latam Insights, where we recap the most significant crypto and economic news from Latin America over the past week. In this issue,...