Latin America Crypto Roundup: What You Need to Know
Welcome to the latest Latam Crypto Roundup, where we bring you the most significant news and trends from across Latin America. Our team of reporters covers updates and insights from Brazil, Mexico, Argentina, and more. This week’s roundup includes AI initiatives in Argentina, Worldcoin’s expansion in Colombia, new crypto features from Brazil’s largest neobank, and other exciting stories.
President Javier Milei recently met with OpenAI CEO Sam Altman during his visit to San Francisco, aiming to establish Argentina as a hub for artificial intelligence (AI). This meeting was seen as an important opportunity to attract new investments, especially in a time when technology entrepreneurs in the US are facing potential legal restrictions.
- Milei expressed enthusiasm for the “libertarian” opportunities in Argentina
- Altman made an exception to meet Milei due to his defense of capitalism
- Argentina aims to become a leading hub for AI development
Popular LATAM Arbitrage Platform Faces Fraud Allegations
Solesbot, a popular arbitrage platform in Venezuela and Colombia, has been accused of being a Ponzi scheme by some members of the Latin American crypto community. Concerns have been raised about the platform’s operations, particularly its use of BSC and its withdrawal processes.
- CryptoSoftDev highlighted shady operations on Solesbot
- Warnings about potential scams from analysts continue
- Investors claim to earn income through the platform, despite red flags
Ocean, a mining pool supported by Jack Dorsey, has established its headquarters in El Salvador, focusing on decentralized Bitcoin mining. The company aims to operate as an international mining hub, expanding its reach by installing miners of varying sizes to promote decentralization.
- Ocean Mining to support Bitcoin education in El Salvador
- El Salvador’s mining infrastructure may lead to economic growth
- The country received a grant from Dorsey’s Block for Bitcoin NGO
Worldcoin continues its expansion in Latin America with the introduction of World ID verifications in Colombia. The project aims to address concerns about online authenticity and privacy standards, despite facing legal challenges and trust issues in other regions.
- World ID machines to be available in more locations soon
- Legal obstacles in Spain, Portugal, Argentina, and Chile for Worldcoin
- Efforts to provide a standard for privacy and authenticity with World ID
Nubank, the largest neobank in Brazil, now allows transactions with Bitcoin, Ethereum, and Solana. This addition comes after a significant increase in cryptocurrency transaction volume on the platform, highlighting a growing interest in crypto assets among customers.
- Nubank reports a 1,500% increase in cryptocurrency transaction volume
- Crypto asset support to expand in the future on the platform
- Circle partners with Nubank and BTG Pactual to catalyze USDC adoption in Brazil
Hot Take: Latin America’s Growing Influence in Crypto
As the crypto scene in Latin America continues to evolve, the region is becoming increasingly influential in the global market. From ambitious AI initiatives in Argentina to expanding crypto services in Brazil, LATAM is asserting itself as a key player in the tech world. Stay updated for more exciting news and insights in the upcoming roundups!
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