Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week&#8217;s edition, Brazil is set to debate Lula&#8217;s controversial crypto tax, the probe into Libra&#8217;s launch offers new revelations, and Nubank has launched a new token-based fidelity program. Brazilian Congress to Debate Lula-Imposed Crypto […]

Latam Insights: Brazil to Debate Controversial Crypto Tax; Libra Probe Sparks New Revelations

The Financial Information Unit of Argentina (UIF) has decided to freeze 
several cryptocurrency wallets linked to the financing of foreign terrorism. 
Authorities are focusing on a Syrian terrorist group known as Hay&#8217;et Tahrir 
Al-Sham and two suspects in connection with these actions. Argentina Issues 
Administrative Freeze Measures on Cryptocurrency Wallets Suspected of 
Financing Terrorism Argentina […]

Argentina Freezes Crypto Wallets Linked to Terrorism Financing

Uniswap is trading at $11.02, up 4% in the past 24 hours and 60% over the past 
month, as it continues to push against resistance levels. During the past 
seven days, Uniswap&#8217;s (UNI) price has fluctuated between $9.78 and $11.30,…

Uniswap tests resistance as v4 TVL crosses $1B, cumulative volume tops $110B

XRP price started a fresh increase from the $2.950 zone. The price is now 
trading above $3.20 and might aim for more gains in the near term. XRP price 
started a fresh increase above the $3.20zone. The price is now trading above 
$3.220 and the 100-hourly Simple Moving Average. There was a break above a key 
bearish trend line with resistance at $3.240 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair could start another increase 
if it stays above the $3.150 zone. XRP Price Eyes Fresh Rally XRP price 
started a fresh decline below the $3.250 support zone, underperforming Bitcoin 
and Ethereum. The price declined below the $3.20 and $3.050 support levels. 
The decline was such that the price traded below the $3.00 level. A low was 
formed at $2.959 and the price is now correcting losses. There was a move 
above the 23.6% Fib retracement level of the recent decline from the $3.650 
swing high to the $2.959 low. Besides, there was a break above a key bearish 
trend line with resistance at $3.240 on the hourly chart of the XRP/USD pair. 
The price is now trading above $3.250 and the 100-hourly Simple Moving 
Average. On the upside, the price might face resistance near the $3.30 level 
and the 50% Fib retracement level of the recent decline from the $3.650 swing 
high to the $2.959 low. The first major resistance is near the $3.3850 level. 
A clear move above the $3.3850 resistance might send the price toward the 
$3.450 resistance. Any more gains might send the price toward the $3.50 
resistance or even $3.5120 in the near term. The next major hurdle for the 
bulls might be near the $3.650 zone. Another Drop? If XRP fails to clear the 
$3.30 resistance zone, it could start another decline. Initial support on the 
downside is near the $3.20 level. The next major support is near the $3.150 
level. If there is a downside break and a close below the $3.150 level, the 
price might continue to decline toward the $3.050 support. The next major 
support sits near the $3.00 zone. Technical Indicators Hourly MACD – The MACD 
for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support 
Levels – $3.20 and $3.150. Major Resistance Levels – $3.30 and $3.3850.

XRP Price Poised for Fresh Upward Move Amid Renewed Bullish Pressure

OpenAI CEO Sam Altman has expressed concern that ChatGPT conversations lack 
legal privilege protection and could be subpoenaed in lawsuits.

What you share with ChatGPT could be used against you

Ethereum price started a fresh increase above the $3,800 zone. ETH is now 
showing positive signs and might soon aim for a move toward $4,000. Ethereum 
started a fresh increase above the $3,800 and $3,840 levels. The price is 
trading above $3,820 and the 100-hourly Simple Moving Average. There is a key 
bullish trend line forming with support at $3,800 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh increase if it 
remains supported above the $3,800 zone in the near term. Ethereum Price 
Starts Fresh Increase Ethereum price remained supported above the $3,600 level 
and started a fresh increase, like Bitcoin. ETH price traded above the $3,700 
and $3,800 resistance levels. There was a move above the $3,850 level. The 
price tested the $3,900 zone. A high was formed at $3,904 and the price is now 
consolidating gains above the 23.6% Fib retracement level of the upward move 
from the $3,515 swing low to the $3,904 high. Ethereum price is now trading 
above $3,820 and the 100-hourly Simple Moving Average. There is also a key 
bullish trend line forming with support at $3,800 on the hourly chart of 
ETH/USD. On the upside, the price could face resistance near the $3,900 level. 
The next key resistance is near the $3,920 level. The first major resistance 
is near the $3,950 level. A clear move above the $3,950 resistance might send 
the price toward the $4,000 resistance. An upside break above the $4,000 
resistance might call for more gains in the coming sessions. In the stated 
case, Ether could rise toward the $4,050 resistance zone or even $4,200 in the 
near term. Another Drop In ETH? If Ethereum fails to clear the $3,920 
resistance, it could start a downside correction. Initial support on the 
downside is near the $3,820 level. The first major support sits near the 
$3,800 zone. A clear move below the $3,800 support might push the price toward 
the $3,750 support. Any more losses might send the price toward the $3,700 
support level in the near term. The next key support sits at $3,640. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $3,800 Major Resistance Level – $3,920