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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate. Latin American Nations Sign Pact
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Cryptocurrency Dogecoin DOGE/USD saw several periods of sharp increases in its price related to the $44-billion acquisition of Twitter by Elon Musk. Considering Dogecoin's history with Musk, some investors expect the so-called "meme crypto" to become integrated into the social media platform. Dogecoin might be my fav cryptocurrency," Musk said back in April 2, 2019.
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Tesla, Inc. TSLA announced another round of price cuts late Thursday as volume hasnt yet responded significantly to the previously announced reductions. What Happened: Updated pricing available on Teslas U.S. website showed a $1,000 price cut each for the two Model 3 variants and reductions ranging from 3.4% and 5.6% for the rest of the
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NVIDIA Corporation NVDA shares are trading lower by 3.54% to $264.82 Wednesday afternoon.Shares of several companies in the broader tech sector are trading lower. Weakness may be due to concerns over a U.S. economic slowdown, which could negatively impact risk sentiment. Also, in a research paper, Google said itsTPU v4 is stronger than the NVIDIAA100,
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Jes Staley’s lawyer has described “slanderous” allegations that he aided and abetted Jeffrey Epstein’s crimes as “baseless but serious”, after the executive was sued by his former employer JPMorgan Chase. Brendan Sullivan, who is representing Staley, asked a federal judge in New York for more time to review tens of thousands of documents relating to
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Moody’s Investors Service upgraded New Jersey’s issuer rating and general obligation bonds to A1 from A2 Thursday. The upgrade “incorporates a solid economic recovery, with job gains leading the region and driving employment above the state’s pre-pandemic peak,” Moody’s said. The rating agency said the upgrade is supported by the state’s commitment to full, actuarial
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