Author: Sergio Goschenko

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how the Salvadoran government’s confusing communication policy has led to a decline in its standing within the bitcoin community. Latam Insights Encore: El Salvador Bitcoin Allegiance Is No More…

According to local media, this may be the largest hack ever perpetrated against the Brazilian banking system. Attackers leveraged USDT and bitcoin to cash out through exchanges and crypto institutions, using instant payment systems such as Pix. Brazilian Banking System Exploited: Attackers Cash out Using Crypto The Brazilian banking system has faced what might be

Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. The measure comes amid a climate of unrest due to the scarcity of dollars and gas faced by Bolivians. USDT Used to Establish Prices in Bolivia Stablecoins are becoming increasingly popular in

Willy Woo, a bitcoin analyst, has given an exceedingly bullish prediction for the price of bitcoin. Woo stated that due to bitcoin’s traits, its market cap has the potential to reach and even surpass global GDP figures in the next two decades. Willy Woo Predicts Bitcoin Market Cap to Exceed Global GDP While individual investors

Kenneth Rogoff, former chief economist of the IMF, has argued that bitcoin flows are already affecting the use of the dollar in the so-called “shadow economy.” This, consequently, is causing troubles for the U.S. economy, by propping up interest rates. Former IMF Chief Economist Claims Bitcoin Is Substituting the Dollar in the $25T Shadow Economy