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Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft
3.12.2024
The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require...
Ripple CLO Calls to Isolate Anti Crypto Attorneys From the Digital Asset Ecosystem
2.12.2024
Stuart Alderoty, chief legal officer (CLO) of Ripple, has made a petition to the cryptocurrency industry to avoid providing jobs for attorneys involved in anti-crypto initiatives. On social media, Alderoty stated: “As crypto enters its renaissance, please don’t hire any lawyer who...
Coinbase CEO Calls D.O.G.E to Address AML Regulation Failure
2.12.2024
Coinbase CEO Brian Armstrong has commented on the sorry state of anti-money laundering (AML) regulation and its ineffectiveness in preventing crime. In social media, Armstrong highlighted the poor performance of these regulations, stating these constituted a “police failure.” Linking...
Spanish Securities Watchdog Approves First Tokenization License
1.12.2024
The Spanish securities watchdog, the CNMV, has approved the first tokenization license in the country, opening the doors for tokenizing real-world assets (RWA). Ursus-3 Capital, in partnership with Onyze, is the first consortium that will be able to offer this kind of service to Spanish companies...
Analysts: Gold Transactions Fuel Russian Shadow Trading Payments
28.11.2024
Gold would be one of the commodities enabling payments between China and Russia. According to market analysts, the abundant Russian gold stash, representing almost a third of the country’s reserves, could be key in sidestepping the current trade difficulties originated by economic sanctions....
Trump’s Crypto Aide: Crypto to Become the ‘Most Critical’ Voter Block in the US
27.11.2024
David Bailey, CEO of BTC Inc. and one of the crypto aides of President-Elect Trump’s campaign, has referred to the newfound state of the crypto as a determinant element among single-issue voters. Bailey reported that during this election, the crypto block moved to deliver over 3 million...
Still Early: Taylor Swift Remains More Popular Than Bitcoin for Now
25.11.2024
Jon Erlichman, a BNN Bloomberg commentator, recently conducted an informal survey on the streets, asking several people whether they would prefer a ticket to a Taylor Swift concert or a bitcoin. Most of those polled stated they preferred to receive a ticket to see the singer, who has won 14 Grammy...
Bitcoin ETFs Set New Records in Brazil
24.11.2024
The recent bitcoin price hike that has driven exchange rates close to $100,000 per token has also fueled the demand for and prices of Bitcoin exchange-traded fund (ETF) shares in the Brazilian stock exchange. Hashdex, the first crypto ETF launched on B3, reached all-time highs, with a net asset...
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
22.11.2024
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete...
President Milei Issues Advice to Elon Musk’s D.O.G.E.: ‘Cut to the Chase’
21.11.2024
Argentine President Javier Milei, who self-describes as anarcho-capitalist, issued recommendations to Elon Musk, head of the Department of Government Efficiency (D.O.G.E.), to develop his deregulation and state cleaning role. In Lex Fridman’s podcast, Milei urged Musk to be efficient...
President of Digital Assets Commission: El Salvador Is Just Showing ‘Glimpses’ of What’s Coming
20.11.2024
Juan Carlos Reyes, president of the Digital Assets National Commission in El Salvador, recently highlighted the work behind the scenes to incentivize and prepare the nation for higher cryptocurrency adoption levels. During an interview, Reyes declared: “If you look at the bigger...
Crypto Transactions Surge in Spain’s Real Estate Market
18.11.2024
According to Enlace, a real estate tech company, the number of real estate transactions involving some form of cryptocurrency as payment has surged this year. The company found that this usage grew by 15% in 2024, driven by the benefits these payment methods offer over traditional purchases...
Andrew Tate Makes the Case for Bitcoin Over Other Investment Options
18.11.2024
Andrew Tate, former kickboxer and social media personality, has made the case for investing in bitcoin over other assets, such as gold and real estate. On social media, Tate expressed worries about the size of his BTC stash, stating he had concerns about a few hundred BTC might not be enough....
Mountain Protocol Brings Yield-Generating Stablecoin Products to El Dorado
15.11.2024
Mountain Protocol, a yield-bearing stablecoin project, has partnered with the P2P exchange El Dorado to bring yield savings products to Latin American customers. Both organizations have teamed up to offer up to 4.5% APY for El Dorado Earn customers. The initiative receives USDT and automatically...
World Lands in Brazil: Launching Biometric Operations in São Paulo
14.11.2024
World, the biometric proof-of-humanness-based project, has finally landed in Brazil and is expected to start operating in the country this week. According to local media, World will initially commence operations in ten different locations in São Paulo, allowing users to register in the network....
First Dogecoin Millionaire Gets the Last Laugh: Close to $3 Million Round Trip
12.11.2024
Glauber Contessoto, the self-proclaimed first dogecoin millionaire, has recovered from DOGE’s price downfall, which reduced his $3 million fortune to $50,000 last year. The “Slumdoge Millionaire,” as he calls himself on social media, stated that he never lost faith in the meme...
Mexico’s Third-Largest Billionaire Raves About Bitcoin Price Hike: ‘Told You So’
11.11.2024
Mexico’s third-largest billionaire is celebrating the momentum that bitcoin and the entire cryptocurrency market are experiencing following President-Elect Donald Trump’s victory in the recent elections. Ricardo Salinas Pliego, owner of companies such as Grupo Elektra, Banco Azteca...
Stealth Nation Reported to Be Purchasing Bitcoin Covertly
10.11.2024
Talks of an unidentified nation purchasing bitcoin in bulk surged on social media recently. David Bailey, CEO of BTC Inc. and one of President-Elect Trump’s campaign cryptocurrency aides, has reported on the possibility of an undisclosed country acquiring bitcoin outside the public eye....
Coinbase Launches Wrapped Bitcoin Token on Top of Solana
8.11.2024
Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with...
Crypto.com Unveils ‘Level up’ Rewards Program, Integrates New Service Suite
8.11.2024
Singapore-based Crypto.com has unveiled its “Level Up” rewards program, seeking to deliver stocks, banking services, and cards under one roof. The company will integrate these new functionalities, offering 3% on stock deposit transfers, 7.5% rewards on idle cash balances, and 8%...