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Crypto SWOT: Argentina has become the top place in Latin America for "Play-to-Earn" crypto games

Commentaries & Views


  • Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was All Best Web 3, rising 1,918%.

  • Meta Platforms Inc. filed eight new trademark applications for its logo, reports Bloomberg, signaling plans to expand into crypto and virtual products and services, trademark attorney Michael Kondoudis said Wednesday. The applications cover blockchain software, virtual currency exchanges, financial and currency trading, and digital, crypto, and virtual currencies, he explained further.

  • U.S. full-service investment bank Cowen announced on Wednesday that it has launched a dedicated digital asset division, becoming the latest Wall Street bank to enter the emerging cryptocurrency space, writes Investopedia. The new unit, named Cowen Digital, will allow the bank's institutional investors to trade established cryptocurrencies, and provide a custody solution to store digital assets through Standard Custody & Trust Co.


  • Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week was Web 3 Development, down 99.70%.

  • Thailand's securities regulator announced Wednesday that it is barring the use of cryptocurrencies for payment of goods and services. The ruling, effective April 1, does not ban investment in cryptocurrencies, which has become increasingly popular in the past year after being promoted by local exchanges, writes Bloomberg. The SEC said it was taking action in order to protect the stability of the country's financial and monetary systems from threats including money laundering and other cybercrimes.  

  • Bitcoin developers don't need to help digital asset owners recover lost cryptocurrency, an English judge said, in a decision that could help carve out new law on crypto and blockchain technology. Software developers who control digital asset networks do not owe any legal duties to those who store or trade crypto held on the networks, Judge Sarah Falk ruled on Friday, as reported by Bloomberg.


  • Several central banks and the Bank of International Settlements have developed prototypes for a common digital currencies platform that has the potential to make cross-border payments more efficient, writes Bloomberg. Codenamed "Project Dunbar" the development also proves that financial institutions could use central bank digital currencies to transact directly with one another, reducing intermediaries and cutting cost and time.  

  • Argentina has become the top place in Latin America for "play-to-earn" crypto games, as inflation running at a 10-month high erodes the value of local shares, reports Bloomberg. Argentina is the fifth country in the world when it comes to playing games for income and Brazil became the seventh-most popular place for these games. Both countries are grappling with double-digit inflation, trailing only Venezuela in Latin America.

  • Russia has hinted that it may accept payment for oil in Bitcoin, sending the digital asset's price above the 100-day moving average resistance. At a news conference Pavel Zavalny, the head of Russia's State Duma Committee on Energy, said the government would be open to more flexible options on paying for its oil and gas from "friendly" nations, writes Bloomberg.


  • The central bank of Ireland has warned consumers about the risk of "misleading" ads promoting crypto investments, particularly ones by influencers on social media, according to CoinDesk. The bank emphasized that crypto assets are highly risky and speculative, and that people need to be alert to the risk of misleading advertisements, particularly on social media, where influencers are being paid to advertise crypto assets. The warning comes as part of a Europe-wide campaign by financial regulators surrounding the risk in crypto investing.

  • A hacker has stolen $1.8 million worth of crypto and NFTs from DeFiance Capital founder, proving yet again that even the most experienced crypto enthusiasts are not immune to cyberattacks, writes CryptoSlate. Arthur Cheong took to Twitter with the issue saying, "The only thing I can say to the hacker is: you messed with the wrong person."

  • South Korea is stepping up its crypto regulation with the Financial Action Task Force's (FATF) Travel Rule. The rule requires crypto companies to collect and share customer information of users sending or receiving crypto. The cryptocurrency and DeFi sector in South Korea face headwinds in the coming weeks as the long-reported FATF becomes effective today, writes Cryptopolitan.
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