Generating

1074+ related results were found.   
Subscribe Query
Crypto News
Crypto News
Argentina Tops Latin America in Stablecoin Purchases and Holdings: Report
16 days ago
Bitcoinleef
Bitcoinleef
followers

The Mexican-founded cryptocurrency exchange Bitso said that, over the last six months, Argentina—a country reeling from a severe economic crisis and a falling peso—has been Latin America’s top buyer and holder of stablecoins.‘Crypto Landscape in Latin America: Report 2H 2023,’ released not long ago by Bitso, explores the trends influencing the cryptocurrency sector in a number of Latin American nations—including Mexico, Argentina, Brazil, and Colombia—that have seen significant crypto adoption.Despite market instability and local economic issues, the region’s people have shown increased acceptance of cryptocurrencies, leading to a substantial adoption of cryptocurrencies during 2022 and 2023. Among South American countries, Argentina is unique in having a digital dollar acquisition rate that is over five times higher than other cryptocurrencies.Despite the economic uncertainty, the research shows that 60% of Bitso purchases in Argentina went toward dollar-based stablecoins like USDT and USDC, while Bitcoin only received 13% of the total. The percentage of total cryptocurrency purchases that were stablecoins varied between 31 and 40 percent in Mexico, Brazil, and Colombia.Among the “fastest-growing” cryptocurrencies in the region, three stablecoins stood out. Bitso found that, mainly due to the country’s economic climate, stablecoins make up about 26% of the typical Argentine user’s portfolio. Bitso says that the current political and economic climate in Argentina is to blame for the country’s high demand for stablecoins, as people there are looking for alternatives to traditional funds and inflation.Argentina, the third-largest economy in South America and the second-largest nation in the region, has struggled economically for a long time. Inflation reached a worrying 211.4% in 2023, adding fuel to the fire of worries about the country’s financial stability. Consumers are highly motivated to seek out more secure solutions in order to protect their funds from potential devaluation due to economic volatility.The persistent depreciation of the peso in Argentina has customers quickly turning their money into digital currency. Chainalysis research from 2023 found that despite Argentina’s financial difficulties, the country ranked second in Latin America and fifteenth overall for crypto adoption.The recent election of Javier Milei, a self-proclaimed “anarcho-capitalist,” as president of the country may indicate a shift in economic strategy. Although Milei does not completely support Bitcoin, she does have positive feelings about it. She has called it “the return of money to its original originator, the private sector.”

16 days ago
CryptoRodo
CryptoRodo
followers

#Bitcoin‬ $BTC hits all time high in 15 Countries 💡We've seen this before. The more unstable the economy of a country, the more attractive bitcoin becomes for its population. Bitcoin is an amazing store of value. Most of the times is great to fight inflation. It's great to hold bitcoin when your gov is dictatorial, when you can't trust your money in the financial system of your country, and more, when you don't know when on earth you would have to leave your country and not sure if they'll take away your bills from you in the frontier... and more. I know this first hand, since I help a non-custodial P2P exchange to expand across Latin America. #BTCUSDT

7 days ago
Crypto
ETH
Tribal Finance(TRIBL)

$1.01

0.04%

Market Cap
N/A
 

Volume (24h)
123.82k
 

76.46%

Released on 23 Mar 2022
FXstreet
FXstreet
Cointelegraph
Cointelegraph
followers

2024 has everything to be the biggest year in the history of the Ethereum blockchain. In addition to the possible approval of an Ether (ETH) spot exchange-traded fund (ETF) in the United States, this year will also mark the network’s first bull cycle since the Merge in 2022. This update makes ETH deflationary during periods of high network use. Related: An Ethereum ETF is coming sooner than you expect Since the Merge, 0.2% of the Ether supply has been burned, and this number will increase further in the coming months with rising network usage. ETH supply since the Merge. Source: Ultra Sound Money Furthermore, the next Ethereum network update — Ethereum Improvement Proposal 4844 — is scheduled to occur this year. It aims to make the entire ecosystem of layer-2 (L2s) blockchains built around Ethereum up to 10 times cheaper.  This will be the major turning point in this cycle, and it will lead Ethereum and layer 2s to their biggest year in history. The idea is simple: Without L2s, Ethereum doesn’t scale. And without subchains and specialized business developer teams, the L2s don’t grow at the speed they need. To understand this, it’s worth taking a step back and asking: What is Ethereum? Unlike Bitcoin (BTC), Ether is not simply an asset, with intrinsic value linked only to the functioning of a blockchain. Ethereum is more aligned with the idea of a shared and programmable database or a decentralized application (DApp) development platform. Therefore, for it to have value, valuable applications must exist on it. Some of these applications already exist and have emerged natively from Web3, but the large majority will come from traditional companies adapting their systems and integrating with the blockchain. This has never previously been achieved. What are the major non-native Web3 killer apps that exist on-chain today? How many companies have seriously maintained their on-chain applications after the last bull cycle? The main reason for their absence is that there are few people capable of “thinking in blockchain,” of seeing a problem and considering blockchain as the solution, or understanding tokens well enough to think about the business opportunities associated with them. In past cycles, help was not consistently available to guide those players because — by the broad and agnostic nature of the blockchain — most actors have been very generalists. As a result, some operations were unfeasible because they competed for block space with meme coins and the nonfungible token (NFT) boom. Companies were eager to experiment with blockchain but didn’t know how and needed guidance from the business development teams of the blockchains themselves or other Web3 companies. Business development segmentation is usually done by region, resulting in these teams having to cater to 20 different sectors, each with distinct needs and complex applications. The outcome was superficial guidance that ultimately doomed these projects over time. But in 2024, the game will change. With more leadership positions at large companies — with a much more mature mindset about how to build on-chain — the blockchain ecosystem is going through a period of specialization. Related: 3 bull market narratives for 2024 that you haven’t heard about yet Today, it is evident that the largest L2 blockchains are segmenting into subchains with specific configurations and specialized teams and structures for onboarding specific niches. Using Polygon as an example, instead of having just one generalist blockchain for all applications and a regional business development team, Polygon is already diversifying into several subchains dedicated to specific use cases. Until now, blockchain scaling had 2 paradigms: Monolithic & ModularIntroducing the next one: AggregationA novel solution combining the benefits of monolithic & modular designs by unifying liquidity via safe, near-instant atomic cross-chain txs using ZK proofs.Feb Mainnet … pic.twitter.com/mE0qssoWyJ — Polygon | Aggregated (@0xPolygon) January 24, 2024 How is this happening? Polygon is providing the market with its Chain Development Kit (CDK) — on which subchains are built — and all liquidity is connected by an aggregation layer. In recent weeks, Polygon has announced: B2, a CDK chain focused on building rollups for Bitcoin OEV Network, a CDK chain aimed at capturing all oracle extractable value (OEV) Hypr, a CDK chain with a focus on gaming Libre, a CDK chain dedicated to the issuance of tokenized assets for institutions FireDrops, a CDK chain designed for loyalty actions for FlipKart, India’s largest e-commerce. And the same path is being followed by all the other major L2 blockchains. What is referred to as CDK by Polygon is called “Op-Stack” by Optimism, for example. Blockchains based on OP Stack. Source: CryptoRank The paradigm shift is brutal, and 2024 promises to be a major battle, as a lot of specialized subchains and business development teams from each of these major L2 blockchains will be competing in the same segments. With that said, 2024 has everything to become the year when the killer apps of Web2 are finally seen emerging in Web3. The year will mark the beginning of the retention cycle, where companies and users will start and continue to incorporate blockchain into their daily lives. It’ll be the year of the L2 blockchains and, consequently, the biggest year for the Ethereum network. Lugui Tillier is the chief commercial officer of Lumx, a Web3 studio in Rio de Janeiro that counts BTG Pactual Bank, the largest investment bank in Latin America, among its investors. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

10 days ago
TRON DAO
TRON DAO
followers

This listing on Brazil's largest crypto exchange, @MercadoBitcoin, makes the #TRON Network more accessible in Latin America! 🤝 This drives broader adoption, aligning with our goal to onboard millions of new users. 🌐🚀 Read more from @YahooFinance:

about 2 months ago

Loading...