Sergio Goschenko

Welcome To Latam Insights Encore, a deep view of Latin America's most relevant economic and cryptocurrency-based news last week.

The recent power hikes the ANDE has enacted for bitcoin mining companies are already affecting their permanence in Paraguay.

International settlements using the Russian digital ruble will be available for 2026 and not earlier, State Duma's Anatoly Aksakov stressed.

The Chairman of the Russian State Duma Committee on the Financial Market, stated that Hamster Kombat should be stopped in Russia.

Asian markets were reluctant to keep purchasing gold as it reached record highs, choosing to cash out and wait for deeper discounts.

Santiago Peña, President of Paraguay, dismissed the bitcoin mining operators' complaints on power fee hikes enacted for their activities.

Hive Digital, a bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña.

Lightning Labs officially launched Taproot Assets, a solution that allows for issuing stablecoins and other tokens on the Lightning Network.

The U.S. Department of State highlighted the relevance of the approval of bitcoin as legal tender for the rebirth of tourism in El Salvador

The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching $262.17. President Bukele recently expanded the action of the Farmers' Markets and slashed import duties for some items, seeking to reach more citizens with low prices.