Investors continue to strongly believe in the long-term price rise of BTC, which is more of a bull market feature.

The term bear market tends to scare most investors. This sharp and prolonged price decline often causes investors to either sell their cryptocurrencies or get lost in an endless dilemma. For more than a year, the expression has hung like a rogue shadow over the crypto-universe.

 However, for those who know how to read between the lines, there really was no bear market. The following is a brief description of the events that are ongoing during this period and that are fundamentally against the logic of a bear market, as conceived.

Why Is There a Growing Interest in Cryptocurrencies?

Basically, the main characteristic of a bear market is the loss of investors’ confidence in cryptocurrencies after a significant loss in the value of cryptocurrencies. These difficult times usually cause most crypto projects to be abandoned with the zeal of some developers waning and pressure from regulators easing.

However, while it is true that the current state of the crypto market has convinced a number of institutional clients to divest themselves of their crypto or exit the market, there is a contrary trend among a certain number.

According to data from Blockchain analytics firm Glassnode, investors have held more than 13.3 million BTC worth more than $388.7 billion for more than a year. This crypto-optimism indicates that these investors continue to strongly believe in the long-term price rise of BTC, which is more of a hallmark of a bull market.

What about the Binance exchange, which has just received two licenses to offer crypto products and services in El Salvador, the country that has become known as the first to grant Bitcoin legal tender on its territory? Shortly before receiving these two licenses in El Salvador, Binance had already inaugurated two different subsidiaries last July, the first in Japan and the second in Dubai.

This policy of expansion and consolidation in a period considered to be of scarcity in the crypto world should not leave anyone indifferent. The cryptocurrency market is not as bleak as it seems. Investors are assured that there will be an upward correction in prices.

Crypto Projects Continue to Grow Despite the Market Situation

Even if the media doesn’t do too many events, more and more crypto projects are popping up these days. Radical innovations have emerged in Bitcoin, impressive collaborations between tech and crypto companies like Microsoft and Apto Labs, for example, launches of innovative crypto products or services, among others.

It is clear that contrary to typical bear market scenarios, interest in cryptocurrencies has not really waned. Rather, there is paradoxical enthusiasm for cryptocurrencies and active preparation for the next phase of cryptocurrency economic growth, showing that companies and institutions continue to believe in cryptocurrencies in 2023. The European Parliament’s adoption of the MICA regulation in April. 20, 2023 also strengthens the confidence of institutional clients in crypto services and products.

Traders are Gearing Up for the 2024 Digital Asset Summit

In March 2024, cryptocurrencies will unite the world again. Cryptocurrency industry leaders, policymakers, and institutional experts will gather in Washington at the Digital Assets Summit to discuss the latest developments and challenges in the evolving world of cryptocurrencies, share ideas, and drive innovation. innovation. adoption and accelerate industry transformation.

By Leonardo Pérez

The Economic Commission for Latin America and the Caribbean (ECLAC) presented the first Latin American AI Index in the region with a view to exploring its possibilities for the development of the region. According to ECLAC, the use of artificial intelligence can contribute to the restructuring of development patterns in Latin America and the Caribbean. The project is supported by the Inter-American Development Bank (IDB).

At ECLAC headquarters, the first Latin American Artificial Intelligence Index (ILIA) was presented. This is an event headed by the Executive Secretary of the organization, José Manuel Salazar-Xirinachs, and the Minister of Science, Technology, Knowledge, and Innovation of Chile, Aisén Etcheverry. In addition to representatives of international entities, the private sphere, and the academic field.

According to ECLAC, the use of Artificial Intelligence (AI) has the potential to contribute to the restructuring of development patterns in Latin America and the Caribbean.

AI Can Contribute to the Development of Latin America

During the ILIA presentation, it was highlighted that Artificial Intelligence can play a fundamental role in transforming development approaches in Latin America and the Caribbean. Thus postulating a vision of AI with a view to achieving greater productivity, inclusion, and sustainability.

However, in order to take full advantage of the opportunities it offers and mitigate possible threats, the need for reflection, strategic planning, and regulation at the regional and global levels was emphasized. The authorities and experts highlighted these ideas during the inauguration of the first Latin American Artificial Intelligence Index at ECLAC.

The event was called AI for the sustainable evolution of Latin America. It took place at the facilities of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.

José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC, welcomed and stressed the importance of deliberately incorporating Artificial Intelligence into the productive development policies of the region and its territories.

In order to achieve the maximum potential of AI in Latin America, the need to create a favorable environment that includes digital infrastructure was highlighted. The availability of data, digital skills, and innovation and entrepreneurship capacities in the digital field are also necessary. A senior United Nations official praised the development of the ILIA by Chile’s National Center for Artificial Intelligence (CENIA).

Despite Opportunities, AI Still Faces Ethical Issues

Despite the opportunities, it was highlighted that ethical issues in relation to AI must be addressed. This especially applies to the implementation of Artificial Intelligence, such as data privacy and biases in decisions based on intelligent algorithms. These issues are being addressed in the Digital Agenda for Latin America and the Caribbean.

It is also expected that several of these issues will be addressed at the Ninth Ministerial Conference on the Information Society in Latin America and the Caribbean in 2024.

The event also included the participation of Ewout Sandker, Head of Cooperation of the Delegation of the European Union in Chile. Aisén Etcheverry, Minister of Science, Technology, Knowledge and Innovation of Chile, gave a talk on AI and scientific progress in Latin America.

Ewout Sandker highlighted the bi-regional cooperation in the field of Artificial Intelligence. Highlighting the European Union-Latin America and the Caribbean Digital Alliance as an essential result of the EU-CELAC Summit.

This alliance seeks to promote digital transformation with a people-centered approach and promote international standards that promote shared technological development in line with expected values.

By Audy Castaneda

The five most outstanding news from the world of non-fungible tokens (NFT) of this week just ended are explored.

Although things are not going well in the non-fungible token (NFT) market, there is still strong momentum. Next, we review the most interesting of the NFT sector during the week just finished.

Most of the problems arise in the area of ​​art trade. Particularly, the matter centers between the artists and the most important commercial houses like OpenSea and Blur. These firms progressively push creator commissions toward limits close to zero.

However, in the world of technology adoption by large companies, things are going from strength to strength. In the midst of all this plot, some negative news was also seen.

FBI Alert on Scammers Disguised as Developers

This week, the US Federal Bureau of Investigation (FBI) alerted that criminals are hiding behind NFT projects. In this way, scammers would use the developer screen to seize cryptocurrency and other assets from their victims.

“The links provided in ads are phishing links that direct victims to a fake website that appears to be a legitimate extension of a particular NFT project,” the FBI warns.

Gala Games Launches Its Own Chain for Blockchain Collectibles

Another notable news this week is the consolidation of Gala Games in the world of NFTs. In that regard, the company announced on Monday that it would relocate its unsold NFT items from its games from Ethereum to its own GalaChain chain.

With this advance, players will be able to use in-game items without the need to pay Ethereum gas fees. The platform is committed to creating AAA gaming experiences focused on player ownership, specialized media reported.

Relationship between Leonardo da Vinci’s Salvator Mundi and Non-Fungible Tokens

Among the striking news this week for the world of NFTs, one related to Da Vinci’s Salvator Mundi work stood out. It is that the most expensive painting in the world now passes into the realm of non-fungible tokens. This painting attributed to the mentioned author was sold in 2017 for a cost of $450.3 million dollars.

Now, image licensing company Bridgeman Images is partnering with digital asset platform ElmonX to mint the token. According to the first of these companies, the alliance will allow several works that belong to it to be brought to the Blockchain, reported the ARTnews portal.

Grimes Did Better with Blockchain Collectibles Than in His Entire Artist Career

This week it was revealed that NFTs brought Grimes better earnings in a short period of time than during his entire career as an artist. The artist recently told Wired that she expects the market to gain strength again so that creators’ profits return.

In the year 2021, the Canadian-born artist, whose real name is Claire Elise Boucher, sold the War Nynph collection for around $6 million. Within that collection was a unique music video, which sold for $400,000.

Amazon Offers Non-Fungible Tokens to Mojo Melee and Blankos Block Party Players

One highly positive piece of news this week for the NFT world is related to the tech giant Amazon. Through its platform dedicated to collectibles, the firm announced the reward with these tokens to Mojo Melee and Blankos Block Party (BBP) players.

The NFTs available within these games can be traded profitably, which is the basis of the play-and-earn economy. In this way, the sector of collectibles minted on the Blockchain continues to gain traction in the business world.

By Audy Castaneda

Bitcoin price reached an all-time high in Argentina, surpassing 8.4 million pesos per BTC due to rampant inflation. Far-right outsider Javier Milei, who proposed replacing the Argentine peso with the US dollar, won a stunning primary victory. Milei, a pro-Bitcoin anarchy-capitalist, criticized Argentina’s central bank and advocated for the return of money to the private sector.

Milei and his group La Libertad Avanza led the presidential race with more than 30% of the votes. The vast majority of polls gave the eccentric Milei around 20% of voting intentions, ten points behind the other two coalitions that, together, have starred in the so-called “rift” that has divided the country politically for the last 20 years.

This result leaves Milei, currently a national deputy, as the favorite for the general elections on October 22, ahead of the winners of the Juntos por el Cambio internships, Macri’s former Security Minister, Patricia Bullrich, and the ruling party, the current Minister of Economy, Sergio Massa.

Bitcoin prices have hit an all-time high in Argentina as inflation continues to ravage the Latin American nation’s economy. Furthermore, the country’s presidential race is turning into a three-way contest.

Bitcoin has reached its highest price in terms of Argentine pesos, surpassing 8.4 million ARS for one BTC over the weekend.

Bitcoin: A Wild Rally in Argentina

The price of BTC in Argentina has increased by 188% since the beginning of the year. Comparatively, global dollar prices have gained around 78% over the same period.

Argentina is suffering from epic levels of inflation, which has skyrocketed from 63% in the past 12 months to 116%, according to Trading Economics. Such monumental inflation has paved the way for a big presidential surprise. Far-right outsider Javier Milei won a stunning victory in the Aug. 13 primary election.

The libertarian economist got 30.5% of the votes, well above expectations, according to reports. The main conservative opposition bloc, ‘Together for Change’, trailed behind with 28%, and the ruling Peronist coalition came in third with 27%.

Miley said that “A different Argentina is impossible with the same old things that have always failed.”

The population is increasingly discontent with crippling inflation and the high cost of living. Earlier this year, Milei opined: “Obviously, as inflation goes up, more people intend to vote for me.”

Milei presents himself as a savior in a “moral revolution” and is popular with almost 40% of the population living in poverty. The libertarian economist has proposed exchanging the Argentine peso for the US dollar, as the national currency and drastically cutting public spending. However, he has yet to mention joining El Salvador in adopting Bitcoin.

Argentina’s general presidential elections will take place on October 22. To win the presidency, a candidate must obtain at least 45% of the vote. Failure to do so will result in a final runoff in November.

A Pro-Bitcoin Candidate

Milei is a self-described pro-Bitcoin anarchy-capitalist who has called for the abolition of Argentina’s central bank, calling it a scam. “The central bank is a scam, a mechanism by which politicians cheat good people with inflationary taxes,” he previously argued. Milei has also commented on Bitcoin, stating that it “represents the return of money to its original creator, the private sector.”

Former conservative president Mauricio Macri commented the following:

“Milei’s growth is a surprise. This speaks of people’s anger with politics.”

By Audy Castaneda