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Brazil leads LATAM crypto trading with $6B volume in 2024

In a significant development for the Latin American crypto market, Brazil emerges as the frontrunner in trading volume for digital assets. According to recent data analysis, Brazil has surged ahead, outpacing its regional counterparts in crypto trading activity.

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In a significant development for the Latin American crypto market, Brazil emerges as the frontrunner in trading volume for digital assets. According to recent data analysis, Brazil has surged ahead, outpacing its regional counterparts in crypto trading activity.

The Latin American crypto scene has been steadily growing, fueled by factors such as economic instability, currency devaluation, and a growing interest in digital assets as an alternative investment. Brazil, with its large population and increasingly tech-savvy demographic, has taken the lead in embracing cryptocurrencies.

The data, compiled from various exchanges and trading platforms, reveals a notable surge in crypto trading volume originating from Brazil. This surge underscores the growing adoption of cryptocurrencies among Brazilian investors and traders.

One of the key factors driving this trend is the increasing accessibility of cryptocurrencies in Brazil. With more exchanges offering user-friendly platforms and simplified onboarding processes, investors are finding it easier than ever to participate in the crypto market.

Furthermore, regulatory developments have also played a role in shaping Brazil’s crypto landscape. Unlike some neighboring countries, Brazil has taken a relatively proactive approach to regulating cryptocurrencies, providing clarity and legal certainty for market participants. This regulatory clarity has helped to foster a more conducive environment for crypto adoption and investment.

Additionally, Brazil’s vibrant fintech ecosystem has contributed to the growth of the crypto market. The rise of fintech startups and innovative financial services has introduced new avenues for accessing and utilizing cryptocurrencies, further driving adoption across the country.

While Brazil leads the way in crypto trading volume, other Latin American countries are also witnessing significant growth in their respective crypto markets. Countries like Mexico, Argentina, and Colombia are experiencing increased interest and investment in cryptocurrencies, reflecting a broader regional trend towards digital assets.

Looking ahead, experts anticipate continued growth and maturation of the Latin American crypto market, with Brazil poised to maintain its position as a key player in the region. As cryptocurrencies become increasingly integrated into the mainstream financial landscape, Brazil’s leadership in trading volume signals a promising future for the adoption and utilization of digital assets across Latin America.

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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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