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Latin ecosystem discusses FTX case and Argentina hosts LaBitConf

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Bitcoin en español is CriptoNoticias’ weekly newsletter in which we review the most important events related to bitcoin, cryptocurrency, and blockchain in the Spanish-speaking world.


Among this week’s most important events in Latin America are the pronouncements and debates generated in countries in the region in relation to the FTX exchange debacle.

Part of these debates took place as part of the 10th edition of LaBitConf, one of the most important events on cryptocurrencies in the region, which was also attended by the president of LaBitConf. which was attended by international personalities, including Vitalik Buterin, Jimmy Song and Samson Mow..

The conference was held at a time when the ecosystem was experiencing the FTX stock market’s surprise implosion. As a result, some of the talks scheduled for the event addressed the repercussions of the case. Elsewhere in the region, Mexico was another venue for industry-related talks, as it was chosen as the site of the Global Cryptocurrency Mining Summit.

For an overview of news from each Spanish-speaking country over the past week, here is the latest news on Bitcoin en Español.

Argentina, host of the 10th edition of LaBitConf.

The issue of the FTX crash has had strong repercussions throughout the cryptocurrency industry worldwide. Information on this shocking case Was present at one of the events on Bitcoin Latin America’s most important events: LaBitConf.

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At the 10th edition of the conference, Ethereum co-founder Vitalik Buterin, was featured in a controversial debate on FTX. alongside Jimmy Song, Samson Mow, Juan Llanos and Alejandro Palantzas.. All expressed their views on the possible consequences that the debacle of this platform could generate globally.

A number of specialists from the banking sector also took part in the scheduled talks at Labitconf to talk about What would be the most appropriate way forward to make banks more friendly to cryptocurrencies.

Vitalik Buterin, developer and co-creator of Ethereum.
Vitalik Buterin (pictured) claims that 90 percent of cryptocurrencies are junk. Source: LaBitConf/ YouTube.

Meanwhile, an Argentine cryptocurrency exchange, which offers investment and lending services, has decided to suspend withdrawals of funds for its users and recommends against making deposits.

The reason for this suspension is the bankruptcy of the FTX exchange, the company that provided services to the platform. Now, the Argentine platform cannot operate normally, as explained in a statement.

The controversial collapse of FTX also led the Buenbit exchange to declare bankruptcy. public testing of funds. There he showed the collation of portfolio addresses he created, making him one of the most important first companies in the Latin American ecosystem to present documentation. Of this type.

In this sense, the wave of rumors stirred up by the events of the exchange made Argentina sound like the possible destination for the former CEO, Sam Bankman-Friedin an alleged escape from the Bahamas.

In this context, popular Argentine soccer player Lionel Messi, became the new ambassador of the platform Sorare collectible platform. This, on the eve of the start of the World Cup Qatar 2022.

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Colombian bitcoiner calls for following advice

As part of LaBitConf, BTCAndrés, a Colombian who is dedicated to spreading information about Bitcoin on social networks and through face-to-face lectures, also spoke about what happened with FTX.

The communicator issued a important advice to new bitcoiners, pointing out that one of the ways to avoid falling victim to the fraudulent operations of exchanges is already written in Satoshi Nakamoto’s white paper.

El Salvador’s president defends Bitcoins.

The president of El Salvador, Nayib Bukele, was another of the personalities who expressed his position on what happened with FTX..

The obligation talked about the differences between the fallen exchange and the Bitcoin network. He highlighted the main features of blockchain and the role it plays as a tool to prevent financial fraud, preventing people from falling victim to situations like those that occurred in the controversial exchange.

For his part, the president of El Salvador’s National Commission of Micro and Small Enterprises (Conamype) took advantage of the World Digital Mining Summit held in Cancun, Mexico, to highlight how El Salvador’s Bitcoin law has transformed the country into the largest Bitcoin market in the world. a territory charting its own financial destiny.

While attending the summit on digital mining, the official. Bitcoin miners invited to relocate to the Central American country, providing a range of renewable energy sources.

Paul Steiner, president of the National Commission for Micro and Small Enterprises (Conamype) in El Salvado.
Paul Steiner proposes that the public sector and Bitcoin mining companies join forces to create benefits for all. Source: Bitmain/ youtube.com

Mexico: global hotspot for bitcoin mining

The city of Cancun in southeastern Mexico hosted the World Digital Mining Summit. Cryptocurrency mining was the main focus of this event, organized by Bitmainwhich took place from November 8 to 10.

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CryptoNews was present at the conferences, which focused mainly on topics such as Proof of Work (PoW), efficient mining, green energy, trends in industry development, and the future of Latin America in mining.

Events of the week

Among the events related to bitcoin, cryptocurrency and blockchain in the region for this week, the following stand out. CryptoNews Calendar:

  • Monday, November 14 to Sunday, November 20“WETH Gathering 2022” event, meetings and groups organized by ETH Gathering in Spain.
  • Thursday, November 17: Ethereum community meeting at the “ETH Uruguay” event.
  • Friday, November 18.Fourth edition of the “Crypyo Plaza Forum,” organized by Crypto Plaza in Spain.

Merchants accepting cryptocurrencies in Spanish-speaking countries.

Do you know or own a small business that accepts bitcoin and other cryptocurrencies for its products and services?

We invite you to share your information with us at editor@etherdesign.com. We will confirm the data provided and report on that company’s cryptocurrency adoption in one of the Spanish-speaking countries.

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