Oobit has expanded its cryptocurrency payment platform to Colombia, its ninth market in Latin America, supported by Tether investment. Colombia ranks second globally in stablecoin purchases, driven by demand for digital dollar alternatives amid peso volatility and remittance flows. Oobit's service allows direct wallet-to-merchant payments via Visa's network, bypassing traditional banking. This move taps into growing regional crypto spending trends and follows strong transaction growth seen in Brazil, signaling promising potential for Colombia's crypto payment sector.
Traders have moved significant capital out of Bitcoin and Ethereum, with net outflows of $19.45 million and $21.52 million respectively, shifting funds into stablecoins like Tether (USDT) and USD Coin (USDC). This move signals a defensive, wait-and-s...
Sahara AI (SAHARA) maintained heavy trading volume on Korea's Upbit exchange, trading around 65.9 won with a 24-hour turnover of about 68.9 billion won. The token entered the 'extreme greed' zone on sentiment indicators, reflecting strong buying mome...
Bitcoin's recent recovery above $80,000 is unstable, influenced more by falling oil prices than strong buying, with risks of decline if oil prices rise again. European stablecoins face adoption hurdles despite regulatory efforts, as US dollar stablec...
Binance's April Proof of Reserves shows a 16 million XRP rise in user balances, reaching over 2.6 billion XRP on-chain. This growth aligns with strong XRP prices and significant inflows into U.S. spot XRP ETFs, signaling increased investor interest. ...
Venezuela has upheld its ban on crypto mining due to a peak power demand of 15,579 MW, the highest in nine years, and plans to sanction illegal miners. In Brazil, Tether filed a lawsuit against Titan Holding to recover a $300 million loan default, se...
