Mexico Financial News

15.11 / 23:55

Ripple XRP XRP/USD XRP Price Forecast as XRP Pumps 9%, Becomes Top Performer

XRP price prediction remains bullish as it exceeds the 50-day moving average of $0.3815. Closing candles above this level support the bullish bias, but the double-top pattern limits the upside moment.

02.11 / 16:33

Mexican Trade Shuffle Clouds Talks to Settle Energy Dispute with U.S.

A shake-up of Mexican trade officials has clouded prospects for a quick resolution of a dispute with the U.S. and Canada over what are seen as Mexico’s nationalist energy policies.

28.10 / 08:15

business Ripple XRP SEC Holdings reports Time Ripple reports XRP holdings below 50% for the first time

Ripple Lab’s XRP token holdings have dropped below 50% of the total circulating supply for the first time in the company’s history.

25.10 / 22:19

Adoption remittances Western Union may be planning to expand its digital offerings far beyond remittances

Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the latest of several attempts the company has made to enter the cryptoverse. So far, it has had limited success.

21.10 / 16:33

business education Women Web3 Projects Web3 projects focus on education to bring Latin American women to the sector

Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings from Cointelegraph Research also show that Web3 attracted the most interest from venture capitalists in comparison to other blockchain sectors during Q2 of this year.

21.10 / 05:59

Adoption Report Remittances drive ‘uneven, but swift’ crypto adoption in Latin America

Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report.

19.10 / 14:03

Blockchain Binance Bitfinex Bitcoin Bitcoin Added to Guinness World Records Book – Find Out More

The world’s number one cryptocurrency per market capitalization, Bitcoin (BTC), has earned several Guinness World Records titles, including the oldest and the first decentralized cryptocurrency.

17.10 / 00:53

business Adoption Trading Why crypto remittance companies are flocking to Mexico

Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies.

04.10 / 19:01

UPS Mexico and Brazil Defy the Dollar’s Global Strength

The U.S. dollar’s sharp rise has sent many of the world’s currencies into a tailspin. But in Latin America, the currencies of the region’s two biggest economies are outperforming the greenback.

29.09 / 23:05

Target Time Bank of Mexico Raises Interest Rates for 11th Straight Time

The Bank of Mexico raised its reference interest rate for an 11th straight time Thursday, citing greater-than-expected price shocks that will keep inflation above target for longer than it had previously estimated.

23.09 / 23:11

BNB Who Are Binance’s Magnificent 11 and Why Are They So Important for its Global Success?

Binance, the world's largest cryptocurrency exchange by trading volume, has announced the creation of an eleven-person all-star team of experts in public policy, government, finance, economics, and corporate governance to spearhead its global success.

21.09 / 19:11

Blockchain Law regulation Reserve Tether says new court order to produce USDT reserve backing is a 'routine discovery matter'

On Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in an ongoing lawsuit:

02.09 / 15:09

business Survey Bitcoin Trust in crypto remains strong despite bear market: Bitstamp survey

The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by Bitstamp exchange.

01.09 / 17:03

UPS Student Debt Plan Carves Bigger Hole in Congressional Fiscal Authority

In 2019, when Congress refused to pay for a wall on the Mexican border, then-President Donald Trump declared a national emergency and announced he would build the wall with money earmarked for other purposes. Democrats accused him of trampling on the Constitution’s separation of powers. The move “clearly…violates the Congress’s exclusive power of the purse,” House Speaker Nancy Pelosi (D., Calif.) declared. Some Republicans warned that a future Democratic president could use the same tactic to fund his or her own priorities.

01.09 / 17:03

Bank of Mexico Cuts 2023 Growth Estimate on Global Slowdown

MEXICO CITY—The Bank of Mexico lowered its growth forecast for 2023 on expectations of slower global economic activity and weaker external demand for Mexican-made goods, particularly from the U.S.

30.08 / 10:41

Blockchain Art Adoption interview Frida Kahlo art finds permanent home in the metaverse

The family of the world-renowned painter Frida Kahlo released never before seen art and memorabilia tied to the artist into the metaverse. The content debuted in a permanent exhibition during the third-annual Metaverse Art Week in Decentraland, held on Aug. 24–28.

26.08 / 13:09

VISA Bitcoin Ripio Launches Visa Bitcoin Cashback Crypto Card in Brazil

19.08 / 09:21

business Adoption XRP Ripple partners with Travelex to launch enterprise crypto payment service in Brazil

Ripple’s XRP token is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, after the launch of RippleNet's On-Demand Liquidity (ODL) with forex company Travelex.

19.08 / 03:23

COST Digital Ripple Enterprise Ripple launches crypto-enabled enterprise payments in Brazil with Travelex Bank

Digital lender Travelex is the first bank registered and approved by the Central Bank of Brazil to operate exclusively in foreign exchange, working to simplify customers’ access to international money through remittance and international payments, ATMs, and multicurrency prepaid cards.Travelex turned to Ripple to help its customers, who have limited capital to cover the costs of pre-funding. Through the use of ODL, it is promising to deliver near instant settlement and access to liquidity 24/7/365.

18.08 / 12:53

Kucoin regulation Exchange KuCoin & 15 More Crypto Exchanges Face Ire of South Korean Regulator

15.08 / 16:17

cryptocurrency Binance Reuters Bitcoin Binance Says It Is Winning Crypto Clients Thanks To Inflation Surge

Binance says it is winning crypto clients thanks to inflation

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