online resources

Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law

A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, Brazil, and Mexico. Tonga and Tanzania have also reportedly expressed interest in bitcoin. More Countries Eye Bitcoin Adoption After El Salvador passed the bill making bitcoin legal tender alongside the U.S. dollar, a growing number of lawmakers in neighboring countries have either expressed their interest in making a similar move or put laser eyes on their Twitter profile pictures. The laser eyes meme has swept through the bitcoin community…

Continue Reading Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law

Bitcoin Continues to Gain Traction after the El Salvador Endorsement

Mexican politician Eduardo Murat Hinojosa shared a tweet recently that outlined his support for Bitcoin’s growth. Furthermore, he vowed to promote enabling regulations that will advance hand in hand with the new generation currency, Bitcoin. More Countries Adopting Bitcoin According to the ‘Global Blockchain and Cryptocurrency Market 2021’ research, an increasing interest in blockchain and Read More

Continue Reading Bitcoin Continues to Gain Traction after the El Salvador Endorsement

Amazon Job Listing Seeks Blockchain Lead – Internet Giant Looks to Create ‘Business Use Cases Across Defi’

Amazon is looking for a blockchain expert, according to a job posting published on the company’s employment portal. The firm wants someone who is “passionate about blockchain and decentralized networks” and someone who can build innovative “business use cases” across decentralized finance (defi). Online Marketplace Amazon Hopes to Hire a Head of Product to Lead Blockchain Innovation The world’s largest online marketplace Amazon is seemingly watching blockchain innovations and current defi platforms make waves in the world of finance. Since the firm’s inception, Amazon has disrupted the online world via technological innovation and now it wants someone to help with…

Continue Reading Amazon Job Listing Seeks Blockchain Lead – Internet Giant Looks to Create ‘Business Use Cases Across Defi’

Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation

“We are going to lead the shift to crypto and fintech in Mexico,” said one senator. Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, Hinojosa changed his profile picture to feature the senator speaking into a microphone with the iconic “laser eyes,” indicating support for crypto. The lawmaker said he would be “promoting and proposing a legal framework for crypto coins in Mexico's lower house,” specifically mentioning Bitcoin (BTC). Voy a promover y proponer ante…

Continue Reading Mexico lawmakers aim to follow the example of neighboring countries with proposed Bitcoin legislation

Stellar Development Foundation invests $15M in Mexico crypto exchange

Airtm is aiming to solve a myriad of financial challenges in Latin America tied to last-mile remittance, affordability and equitable access to the global banking system. Airtm, a Mexico City-based digital wallet and exchange operator, has received $15 million in funding from the Stellar Development Foundation, or SDF, as it seeks to expand financial services and cryptocurrency adoption in Latin America.  The investment, which is the largest SDF has ever made as part of its Enterprise Fund, will enable Airtm to integrate with Stellar in the coming year. As part of the Stellar network, Airtm will be able to better…

Continue Reading Stellar Development Foundation invests $15M in Mexico crypto exchange

Latam Based Exchange Bitso Gets Unicorn Status After $250 Million Funding Round

Bitso, one of the biggest cryptocurrency exchanges in Latam, has reached unicorn status after a funding round that managed to raise $250 million with the participation of some big names in the cryptocurrency world. The company announced it would use these resources to expand its operations and keep growing in its core markets, including remittances. Bitso Reaches Unicorn Valuation After Series C Funding Round Mexico-based exchange Bitso has become the first LATAM cryptocurrency unicorn, after getting a valuation of $2.2 billion on its Series C funding round. The round got participation from important names in the investing sphere, being led…

Continue Reading Latam Based Exchange Bitso Gets Unicorn Status After $250 Million Funding Round

Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

The startup has a total value of $2.2 billion following its latest Series C investment round. Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry.  The latest investment round gives Bitso a total value of $2.2 billion, making it the first Latin American cryptocurrency exchange to be worth over $1 billion. It’s also the third-most valuable fintech company on the continent. The raise was led by Tiger Global and Coatue, with additional contributions from Valor Capital Group, BOND and Paradigm. Daniel Vogel, Bitso’s co-founder and…

Continue Reading Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

Mexican Banks Facilitate Money Laundering More than Crypto Firms 

Like many countries, Mexico’s government is dealing with how best to tackle money laundering and financial crime. However, contrary to what many might believe, it appears that the traditional banking sector is the primary culprit in this crime spree. G7 Banks are Mexico’s Top Money Launderers This week, local news medium El Economista reported that the country’s Financial Intelligence Unit had accused banks of being the top enablers of money laundering. The findings came as part of the unit’s second National Risk Assessment report of 2020. As the report explained, Mexico’s “G7 Banking Group” — a consortium of the country’s…

Continue Reading Mexican Banks Facilitate Money Laundering More than Crypto Firms 

Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank, and Inbursa, as the biggest conduits of illicit money in the South American country. Brokerage firms and foreign exchange entities have also been flagged as “high risk”, El Economista reported. The “G7 banking group” controls 80% of the assets within Mexico’s financial sector. However, Mexico’s second National Risk Assessment report did not…

Continue Reading Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

A new report from Mexico says banks are used to launder money more than crypto

The traditional banking sector is lagging behind in the race with crypto. Mexico’s Financial Intelligence Unit recently published the results of its second National Risk Assessment. The report highlighted that the risk of money laundering in the banking sector far surpasses the issues encountered by fintech companies.According to El Economista, the so-called “G7 banking” group – BBVA, Santander, Citibanamex, Banorte, HSBC, Scotiabank, and Inbursa – registers significantly more money laundering in Mexico than Blockchain firms. Brokerage companies, exchange firms, and banking institutional providers are also included in the “high risk” classification given by the report.Although the fintech sector is still…

Continue Reading A new report from Mexico says banks are used to launder money more than crypto

Dash Launches Latin America’s First Ever Crypto Debit Card

Crypto exchange Taurus will offer the first crypto debit card backed by Dash in Latin America. Dash has partnered with Mexican cryptocurrency exchange, Taurus.io, to release the first crypto Visa debit card in Latin America. The offer will initially only be available to Taurus’ customers in Mexico.The card will work at millions of stores in Mexico by converting crypto funds to pesos using the Tauros mobile app. It will also be capable of conducting online transactions. Speaking with Cointelegraph, Ernesto Contreras, Head of Business Development at Dash Core Group, provided more details about the new product, which is the first…

Continue Reading Dash Launches Latin America’s First Ever Crypto Debit Card

The Onecoin Debacle: Indictments Unsealed, 2 Dead in Mexico, Story Gets ‘Darker’

The Onecoin fiasco is still making headlines these days as a number of alleged money laundering companies were exposed on July 25, two Onecoin leaders were recently killed in Mexico, and the British author Jamie Bartlett revealed a new “Missing Cryptoqueen” episode is coming soon. The Bulgaria-based Ponzi scheme Onecoin is making headlines again as a number of new revelations have come to light. The twisted tale continues with a man named Gilbert Armenta who has been accused of co-conspiring with the lawyer Mark Scott to launder hundreds of millions of Onecoin proceeds. News.Bitcoin.com has reported on Scott’s alleged conspiring…

Continue Reading The Onecoin Debacle: Indictments Unsealed, 2 Dead in Mexico, Story Gets ‘Darker’

Mexican Cloud Networks Witness a Raft of Cryptojacking Attacks

Mexico’s cloud network space is seeing a bit of pushback from users as security threats have begun to surge. Last month, Russian cybersecurity firm Kaspersky Labs published a report showing that Mexico witnessed a surge in the number of cryptojacking attacks in the first quarter of 2020. Weak Security Protocols Across the Board Corroborating the report, local news source El Economista reported that almost 75 percent of all organizations in Mexico use cloud networks. These networks come provided predominantly by tech giants like Amazon, Google, and Microsoft. However, a spate of security complaints has led to an erosion of trust from…

Continue Reading Mexican Cloud Networks Witness a Raft of Cryptojacking Attacks

Cryptojacking Report: Attacks Are On The Rise In Mexico

The latest cryptojacking report shows that the attacks are on the rise in Mexico as a well-known cloud service providers can’t stop the hackers to launch a cryptojacking attacks on Mexican organizations and local companies complained that they experienced a few more attacks lately. In our cryptocurrency news sites today we find out more. The recent report revealed that 70% of organizations in Mexico utilize cloud services and their networks are heavily exposed to external threats as local companies complained that the number of cryptojacking cases increased over the past year. The cryptojacking report also shows that the fraudulent groups…

Continue Reading Cryptojacking Report: Attacks Are On The Rise In Mexico

India Leads P2P Volume Records Among Emerging Markets

Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020. Half a dozen emerging markets have established new records for weekly peer-to-peer (P2P) Bitcoin (BTC) trading, including India, Ghana, the Philippines, Argentina, Mexico and Egypt, according to data published by Useful Tulips.India comprised the strongest market to post a new record for trade activity, with $3.4 million worth of BTC trading hands over the past seven days.India’s P2P markets began gaining significant momentum from the second quarter onwards, with Indian volume beating out its December 2017 all-time high of $2.95…

Continue Reading India Leads P2P Volume Records Among Emerging Markets

End of content

No more pages to load