🇧🇷 Brazil’s largest bank, Itaú Unibanco, is planning to launch its own stablecoin.
This comes shortly after news that Brazil is considering a law that would allow employers to pay salaries in cryptocurrency.
@DeCenterOrg
This comes shortly after news that Brazil is considering a law that would allow employers to pay salaries in cryptocurrency.
@DeCenterOrg
🇨🇳 Chinese company Cango, specializing in automotive services, has sold its China-based business for $352 million to restructure itself as a Bitcoin mining company.
The new owner of the business will be Bitmain, which will provide Cango with mining power of 32 exahashes per second.
@DeCenterOrg
The new owner of the business will be Bitmain, which will provide Cango with mining power of 32 exahashes per second.
@DeCenterOrg
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🇺🇸 Yesterday, the SEC released guidance stating that asset-backed stablecoins are not considered securities — as long as they do NOT generate income.
Earlier, it was reported that lawmakers view stablecoins primarily as a payment system, not an investment product.
This reinforces the broader regulatory direction: treating the sector as part of financial infrastructure rather than as securities.
@DeCenterOrg
Earlier, it was reported that lawmakers view stablecoins primarily as a payment system, not an investment product.
This reinforces the broader regulatory direction: treating the sector as part of financial infrastructure rather than as securities.
@DeCenterOrg
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🎰 The scam project ZKasino, which was trading with funds that were supposed to be returned to users, closed a 20x leveraged long position on Ethereum on Hyperliquid, incurring a total loss of $27 100 000.
@DeCenterOrg
@DeCenterOrg
@DeCenterOrg
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In the near term, increased volatility is expected.
@DeCenterOrg
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🇪🇺 The European regulator has warned that cryptocurrency poses a threat to financial stability:
🔴 ESMA believes that the growth of the crypto market and its ties to traditional finance carry significant risks.
🔴 According to the agency’s head, “there are no safe crypto-assets.”
🔴 Stricter regulation may be necessary.
🔴 Crypto currently makes up just 1% of global financial assets, but its influence is rapidly growing.
🔴 Key threats include stablecoins, hacks, fraud, and high-profile collapses.
@DeCenterOrg
@DeCenterOrg
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🇨🇳 There are rumors circulating online that China is selling off U.S. Treasury bonds and buying Bitcoin.
@DeCenterOrg
@DeCenterOrg