LATAM Crypto Roundup: Top Curated News from Latin America
BeInCrypto comprehensive Latam Crypto Roundup brings the most important news and trends across Latin America. With reporters in Brazil, Mexico, Argentina, and more, we cover the latest updates and insights from the region’s crypto scene. This week’s roundup includes AI initiatives in Argentina, Worldcoin’s expansion in Colombia, new crypto features by Brazil’s largest neobank, and other stories.
AI Initiatives and Cryptocurrency News in Latin America
President Javier Milei met with OpenAI CEO Sam Altman during his first visit to San Francisco, aiming to position Argentina as a hub for artificial intelligence (AI). The hour-long meeting was viewed by its organizers as a crucial opportunity to attract new investments. This event occurs amid potential legal restrictions faced by technology entrepreneurs in the United States.
On his official X account, President Milei shared a photo with Altman, expressing his enthusiasm for the opportunities offered by a “libertarian” Argentina. Although Altman generally avoids formal contact with other leaders, he made an exception for Milei, attracted by his passionate defense of capitalism and economic freedom. Milei and his team criticize European regulations for stifling innovation and view Argentina as fertile ground for technological growth.
Concerns About Solesbot in Venezuela and Colombia
Solesbot, an arbitrage platform popular in Venezuela and Colombia, bills itself as an artificial intelligence-based trading bot that operates in cryptocurrency markets. However, several members of the crypto community in Latin America have raised concerns, labeling it a Ponzi scheme.
Despite analysts’ warnings, Solesbot continues to attract followers. Many investors claim it is possible to earn income through the platform, yet the red flags remain.
Ocean Mining Hub in El Salvador
Ocean, a mining pool backed by former Twitter CEO Jack Dorsey, announced the establishment of its new headquarters in El Salvador’s capital, focusing on the business development of decentralized Bitcoin mining. Bitcoin mining in El Salvador has garnered global attention.
Worldcoin's Expansion and Legal Challenges
Despite international controversy, Worldcoin continues its expansion in Latin America by offering World ID verifications in Colombia. However, the company has encountered legal issues in Spain and Portugal, with ongoing investigations in Argentina and Chile.
Nubank's Crypto Transactions Feature
Brazil’s largest neobank, Nubank, has introduced a new feature allowing transactions with Bitcoin, Ethereum, and Solana. Nubank reported a 1,500% increase in cryptocurrency transaction volume between March 2023 and March 2024.
As the Latin American crypto scene continues to grow, these stories highlight the region’s increasing influence in the global market. From Argentina’s ambitions in AI to Brazil’s expanding cryptocurrency services, LATAM is positioning itself as a key player in the tech world. Stay tuned for more updates and insights in next week’s roundup.
