Crypto News

Stablecoin Adoption in Brazil: Finding Solutions to Illicit Use Cryptocurrency has been gaining traction in Brazil, with the country's market showing promising growth in terms of adoption and usage. However, concerns have been raised about the potential use of stablecoins for illicit purposes, such as money laundering and terrorist financing. The Concerns Stablecoins, such as Tether (USDT) and USD Coin (USDC), are cryptocurrencies that are pegged to a stable asset, usually a fiat currency like the US dollar. This makes them less volatile compared to other cryptocurrencies, making them a popular choice for users in Brazil. However, the stability and anonymity of stablecoins have raised concerns about their potential use for illegal activities. This has led to calls for stricter regulations and monitoring of stablecoin transactions. The Solution Tom Duff Gordon, VP at Coinbase, believes that there are ways to address the concerns about s...

Amid the disparity in accumulation trends between Bitcoin's long-term holders and short-term holders, some key momentum indicators hint at a possible price recovery. Sentiment Result : Negative

Crypto analytics platform Santiment says that one metric is indicating a potential rally for Bitcoin (BTC) on the horizon. Santiment says that after the 0.25% rate hike by the Federal Open Market Committee (FOMC) earlier this week, Bitcoin is dominating discussions on social media platforms at the expense of other crypto assets. Sentiment Result : Positive