Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil.
Venezuela Might Use USDT for Sidestepping Sanctions
Venezuela is preparing to increase the…
The U.S. Navy awarded Raytheon a $344 million contract for the development of two Standard Missile variants with a common guidance section that will bring additional targeting capability to the American and foreign fleets.
The new SM-2 Block IIICU and SM-6 Block IU missiles…
Boeing’s defense unit recorded $222 million in losses in the first quarter of 2024 on two of its main fixed-price development programs, the KC-46A Pegasus refueling tanker and the T-7A Red Hawk trainer, the company announced Wednesday.
The KC-46 suffered a loss of $128…
The U.S. Air Force on Wednesday announced it selected Anduril and General Atomics to keep designing, building and testing its first batch of drone wingmen known as collaborative combat aircraft.
The decision on contract option awards marks the service’s most significant step yet as it aims to create a series of drones using autonomous software to fly alongside piloted fighters, such as the F-35…
CATL unveils world's first LFP battery with 4C ultra-fast charging for 370-mi in 10 mins
April 26, 2024
A new EV battery that can add 370 miles (600 km) range in 10 minutes? China’s CATL introduced its new Shenxing Plus EV battery, capable of just that. CATL claims the new EV battery is the world’s first with 4C ultra-fast charging and +620 miles (1,000 km) CLTC range.
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Tesla (TSLA) surges on Elon Musk trying to ride AI wave
April 26, 2024
Tesla’s stock (TSLA) surged 12% today, one of its best days in a long time, as Elon Musk tries to position Tesla to ride the artificial intelligence wave.
In a rare occurrence, Tesla had a pretty bad miss on expectations for both revenue and earnings with its financial…
Amid a shifting strategy, Ford (F) reported first-quarter earnings Wednesday, beating analyst expectations. However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024.
Ford shifts EV strategy amid sales upswing
Despite EV sales surging 86% to 20,233 in the first three months of 2024, Ford is pulling back. All Ford electric models saw double (or triple) digit sales growth.
Salvadoran Official Crypto Wallet Chivo Dismisses Alleged Hacking Event – Security Bitcoin News
April 26, 2024
Chivo wallet, the official cryptocurrency wallet of El Salvador, has dismissed an alleged hack of the source code of its software and the data of over 5 million users linked to the wallet’s KYC procedures. According to Chivo, the data of Salvadorans is protected, and the…
BNB Chain, one of the largest smart contracts-enabled ecosystems in the crypto environment, has announced the inclusion of native liquid staking in its BSC blockchain. The new feature aims to allow validators to secure the network and maintain the liquidity of its assets…
Brazilian Neobank Nubank Introduces New Crypto Wallet Features for Bitcoin, Ether and Solana – Fintech Bitcoin News
April 26, 2024
Nubank, a Brazilian neobank, has introduced new features for its cryptocurrency customers. The Sao Paolo-based organization recently enabled deposits and withdrawals of bitcoin, ether, and solana in its cryptocurrency service, broadening the use cases of its platform. Before, the company only allowed users to purchase, hold, and sell cryptocurrency assets.
Nubank Enhances Cryptocurrency Features…
