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Coinbase gains approval to expand service offering in Argentina

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Coinbase has received regulatory approval to expand its services in Argentina, marking a significant step in its Latin American growth strategy. The exchange will now offer a wider range of crypto products and services to Argentine users, including enhanced trading options and fiat on-ramps. This development comes as Argentina continues to embrace digital assets amid ongoing economic challenges and high inflation.

With this approval, Coinbase aims to provide Argentinians with greater access to secure and regulated crypto services. The country has seen a surge in cryptocurrency adoption, driven by the devaluation of the peso and increasing demand for alternative financial solutions. Coinbase’s expansion aligns with the growing trend of crypto adoption in Argentina, where stablecoins and Bitcoin are widely used as hedges against currency instability.

Argentina’s government has taken a mixed approach to crypto regulation, balancing the need for oversight with the sector’s rapid growth. Coinbase’s approval suggests a more open stance toward global exchanges operating in the country, potentially paving the way for further institutional involvement. This move also reinforces Argentina’s position as a key player in Latin America’s evolving crypto landscape.

As Coinbase continues its international expansion, its success in Argentina could set the stage for further growth in the region. With increasing demand for digital assets and decentralized financial solutions, the exchange’s presence in Argentina may serve as a model for future regulatory collaboration in other Latin American markets.

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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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