From a Bitcoin craze in Brazil to the strength of Stellar Lumens, here’s a look at some of the stories breaking in the world of crypto.
Brazil now holds the Bitcoin trading record for Latin America, reaching more than 150,000 BTC worth roughly $800 million in the past 24 hours, according to the data tracker CoinTrader Monitor.
Source: Cointrade Monitor
The new high comes just days after local crypto exchanges in Brazil broke through 100,000 BTC in 24 hours, which was also a record-breaker at the time, reports Crypto Facil.
Brazil’s struggle with rising inflation, currently at 4.58%, along with Bitcoin’s sudden rise in price in the beginning of April, appear to have triggered the recent surge in volume.
Spiraling inflation has also led to increasing adoption of Bitcoin and cryptocurrency in Venezuela and Argentina, highlighting the strength of digital assets as a store of value and a means of moving capital across borders.
Have a question for Ethereum creator Vitalik Buterin? The ETHCapeTown hackathon, the first of its kind in Africa, has invited Buterin as the keynote speaker and is using Twitter to prompt discussion with users worldwide.
To ask a question, just send out a tweet with the hashtag #askVitalik.
How can we use blockchain tech to address challenges unique to the African continent? 🤔
We want to hear from you!
— ETHCapeTown (@ETHCapeTown) April 19, 2019
Ripple and XRP
The founder of Ripple-backed XRPL Labs,