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Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: … Read more

Mercado Pago Launches Cryptocurrency Trading Services in Mexico

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Mercado Pago, the financial wallet division of Mercado Libre, the Latam e-tail giant, has announced the launch of cryptocurrency trading services in Mexico. The company has already launched this kind of service in Brazil, serving one million customers in the country, allowing them to purchase, store, and sell bitcoin and ethereum, and also to receive … Read more

FTX Launches Gaming Unit to Offer Crypto Services to Other Companies

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FTX, a leading cryptocurrency exchange, has announced it will enter the gaming field. The company revealed it is launching its own gaming unit to focus on lending crypto services to gaming companies, acting as a middleman. This means that the exchange will support other companies launching tokens and offering NFTs via its platform. FTX Gets … Read more

Colombian Government Might Take Unused Funds From Bank Accounts Inactive for a Year

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The budget law for the next year, which was recently approved by the Colombian representative’s chamber, includes a controversial article that allows the state to confiscate a bank customer’s funds to be used for budgetary purposes. Under certain circumstances defined by the law, these could funds may be retrieved if the account holders’ prove their … Read more

Solana Aims to Raise $450 Million to Battle Ethereum Supremacy

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Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem. Solana to Raise $450 Million … Read more

Kerala Outlines Plans to Become India’s Blockchain Hub

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The Indian state of Kerala is actively exploring using blockchain technology to improve a wide range of existing systems, including financial. Thousands of people are already being trained in the state to become blockchain experts, some of whom have already graduated, according to the state’s electronics and information technology secretary. He recently revealed the state’s … Read more

4 Technical Indicators Every Cryptocurrency Trader Should Know

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In the world of cryptocurrency trading, there are a few key strategies users tend to follow. These strategies usually rely on looking for specific patterns and determining whether or not they can be lined up to the current and past price movements of specific cryptocurrencies. The following technical indicators are quite popular and for the … Read more

Coinhive Users Speak Up After Being Investigated by Japanese Police

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The Japanese Police have been cracking down on users of remote mining software apps, such as Coinhive, without their website visitors’ consent. After being investigated and having their property impounded, users are speaking up about the unfairness of the investigation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Problems with the Investigations and Arrests … Read more