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Bybit receives VASP, card operator registration in Argentina

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Bybit, a prominent global cryptocurrency exchange, has successfully obtained registration as a Virtual Asset Service Provider (VASP) in Argentina. This milestone marks a significant step in Bybit’s expansion strategy across Latin America, a region increasingly embracing digital assets.

The VASP registration, granted by Argentina’s regulatory authorities, allows Bybit to operate legally within the country, offering its full suite of cryptocurrency services, including trading, staking, and custody solutions. This move aligns with Argentina’s growing demand for digital currencies as citizens seek alternatives to hedge against economic instability and inflation.

Bybit’s entry into the Argentine market comes at a time when the country is witnessing a surge in cryptocurrency adoption. The exchange’s compliance with local regulations demonstrates its commitment to providing secure and regulated crypto services, fostering trust among users and regulators alike.

Argentina is a key market for Bybit’s expansion in Latin America, a region that has shown significant potential for cryptocurrency growth. By securing VASP registration, Bybit is well-positioned to tap into this market, offering Argentine users access to a broad range of digital asset services.

This regulatory approval not only strengthens Bybit’s foothold in Argentina but also sets the stage for further expansion in other Latin American countries. As Bybit continues to grow its presence in the region, it remains focused on adhering to local regulations and delivering innovative crypto solutions tailored to the needs of its users.

Bybit’s VASP registration in Argentina underscores the exchange’s broader commitment to regulatory compliance as it expands globally. This development is expected to enhance Bybit’s reputation and attract more users in Argentina, solidifying its position as a leading cryptocurrency platform in the region.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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