Indonesia’s crypto market has surged, with trading volume reaching $40.2 billion, a 336% increase from the previous year, driven by strong demand for XRP, Dogecoin, and Bitcoin. The number of registered crypto users is expected to rise from 22.1 million to 25 million soon. Despite this growth, security concerns remain, highlighted by a major cyberattack on the Indodax exchange in September, resulting in a loss of approximately $22 million in various cryptocurrencies.
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Generated 0 posts last week Crypto Adoption Surpasses Mobile Phones and Internet in Rapid Growth
Crypto adoption has surged to 300 million users in just 12 years, outpacing mobile phones by 43% and the internet by 20%, according to BlackRock. Key drivers include demographic trends favoring younger generations, global economic shifts, and the maturation of digital asset infrastructure. Emerging markets like Nigeria and South Africa show significant interest, while industrialized nations lag behind.
read moreJAN3 Raises 5 Million to Expand Bitcoin Adoption with AQUA Wallet
JAN3 has raised $5 million to enhance its AQUA Wallet, aiming to expand Bitcoin adoption, particularly in underserved regions. Supported by investors like Tether and Fulgur Ventures, the wallet will facilitate cheaper transactions and include services like loans and card payments. Collaborating with El Salvador, JAN3 seeks to improve digital financial systems in Latin America while also targeting expansion in Asia through partnerships with local firms.
read moreBinance Receives Broker-Dealer License in Brazil After Acquiring Simpaul
Binance has received a broker-dealer license from Brazil’s Central Bank following its acquisition of licensed financial services firm Sim;paul. This approval positions Binance as the first crypto exchange with such a license in Brazil, enhancing its compliance capabilities amid ongoing regulatory developments globally. The move comes after significant legal challenges faced by the exchange’s founder and other executives, while Binance continues to expand its compliance team to support responsible growth in the crypto ecosystem.
read moreBinance Secures 21st Regulatory Approval Expanding Presence in Brazil
Binance has secured its 21st regulatory approval from Brazil’s central bank to acquire Sim;paul, a licensed broker-dealer, enhancing its presence in Latin America’s crypto market. CEO Richard Teng highlighted this milestone as crucial for fostering crypto adoption in Brazil, which ranks 10th in global crypto engagement. The approval follows Binance’s recent successes in Argentina, India, Kazakhstan, and Indonesia, reflecting its commitment to compliance and security in expanding its services.
read moreBinance Obtains Broker Dealer License in Brazil Enhancing Crypto Operations
Binance has secured a broker-dealer license from Brazil’s central bank, becoming the first crypto exchange in the country to do so. This approval allows Binance to acquire São Paulo-based Sim;paul and reinforces its position in Brazil’s regulated financial ecosystem amid growing cryptocurrency adoption.Brazil is actively developing its crypto regulations, with final rules expected by mid-2025. The country has emerged as a leader in Latin America for crypto adoption, having received over $90.3 billion in cryptocurrency value in 2024.
read moreVirtuals Protocol Withdraws Millions in VIRTUAL Tokens Amid Growing Investor Interest
The suspected official address of Virtuals Protocol withdrew 4 million VIRTUAL tokens, valued at approximately $16.28 million, from its LP Wallet, with 1 million tokens transferred to Bybit shortly after. This address has sent VIRTUAL coins worth $62.56 million to centralized exchanges since December 2024, reflecting the growing interest in AI and blockchain technology. Launched in January 2024, Virtuals Protocol has established itself in the AI agent sector, particularly in entertainment and gaming, and recently partnered with Holoworld AI to enhance its offerings.
read moreUS stock markets decline after holiday pause amid mixed economic signals
U.S. stocks opened lower after the Christmas holiday, with the S&P 500 down 0.2%, the Dow Jones down 0.3%, and the Nasdaq slipping 0.2%. Unemployment claims remained steady, but continuing claims hit a three-year high. Despite recent losses, the S&P 500 is up 26.6% for the year, nearing its all-time high.
read moreAsian shares rise as US markets prepare to reopen after holiday
Asian shares mostly rose in thin post-Christmas trading, with Japan’s Nikkei 225 gaining 1.1% on strong retail and tourism stocks after eased visa conditions for Chinese tourists. Meanwhile, U.S. markets are set to reopen, with a positive outlook for year-end trading despite recent losses. Oil prices also increased, with U.S. benchmark crude at $70.42 per barrel.
read moreAsian shares rise as oil prices increase in post-holiday trading
Asian shares mostly rose in thin post-Christmas trading, with Japan’s Nikkei 225 gaining 1.1% on strong retail and tourism stocks after eased visa conditions for Chinese tourists. Meanwhile, U.S. markets are set to reopen, with a positive outlook for the year-end rally despite recent concerns over economic policies. Oil prices also increased, with U.S. benchmark crude at $70.42 per barrel.
read moreAsian markets rise as oil prices increase in post-holiday trading
Asian shares mostly rose in thin post-Christmas trading, with Japan’s Nikkei 225 climbing 0.8% on strong retail and tourism gains following eased visa conditions for Chinese tourists. Meanwhile, U.S. markets, closed Wednesday, are set to reopen with a positive outlook as the S&P 500 is up 26.6% this year, nearing its all-time high. Oil prices also increased, with U.S. benchmark crude at $70.37 per barrel.
read moreAsian markets rise post-Christmas as oil prices increase and U.S. rallies
Asian shares mostly rose in thin post-Christmas trading, with Japan’s Nikkei 225 climbing 0.8% on strong retail and tourism gains following eased visa conditions for Chinese tourists. South Korea’s Kospi dipped slightly, while oil prices increased, with U.S. crude at $70.37 per barrel. The U.S. stock market remains poised for strong returns in 2024, with the S&P 500 up 26.6% this year, nearing its all-time high.
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