Exchanges in Brazil have reported an increase in the adoption of stablecoins since the Financial Transaction Tax (IOF) more than tripled from 1.1% to 3.5%, affecting foreign payments and purchases of foreign currency in cash. Regulation that might plug this loophole is currently in the works. Stablecoin Adoption in Brazil Explodes to Avoid Financial Transaction
There’s roughly $31 billion worth of Bitcoin options set to expire on Halloween next week. That’s a record-high monthly expiry, beating last month’s $18 billion by a wide margin, despite the record-setting liquidation event that followed the Oct. 10 flash crash when $19 billion in leveraged positions were wiped out. “That event erased roughly $7
Elon Musk’s space exploration company, SpaceX, transferred approximately $133.7 million (1,215 BTC) worth of Bitcoin to two new wallets today, marking the company’s second major Bitcoin transaction in three days. SpaceX moved approximately $268.5 million worth of Bitcoin on Tuesday, according to Arkham Intelligence data, marking the first significant move since July. Onchain data showing
LUGANO, Switzerland — Tether, the crypto company behind the world’s largest stablecoin, USDT USDT$1.0001, is planning fresh investments to bring its U.S.-focused U.S. dollar stablecoin to a 100 million American user base, Tether CEO Paolo Ardoino said in an interview on Friday. The USAT token, designed specifically for the U.S. market to comply with federal
A recently shared chart claims that Bitcoin lags gold price movements by approximately 188 days. According to analysts, this situation is considered a bullish signal for the cryptocurrency market. The chart, based on LSEG Datastream and Real Vision data, compares Bitcoin and gold rates over the 2024–2026 period. Despite the time difference, Bitcoin’s line is
According to The Block, Ripple (XRP), Coinbase, Tether (USDT), Gemini co-founders Cameron and Tyler Winklevoss and other major cryptocurrency firms donated to the construction of US President Donald Trump’s new White House ballroom. These companies, major cryptocurrency companies, were reportedly included in the list of sponsors of the Trump administration’s “White House Ballroom” project. Other
Tether Data, the technology arm of the world’s largest stablecoin issuer, is expanding into artificial intelligence with the launch of what it calls the world’s largest synthetic dataset for STEM-focused AI models. Earlier today, the company unveiled QVAC Genesis I, a 41-billion-token dataset built to train science- and engineering-oriented language models, and QVAC Workbench, a
Crypto exchange Crypto.com has filed a national trust bank charter application with the Office of the Currency Comptroller (OCC), the firm announced on Friday. The application puts the firm on a growing list of crypto companies—like USDC issuer Circle, crypto exchange Coinbase, and Bridge, the stablecoin arm of private payments company Stripe—which have also sought
Two gaming industry giants announced Thursday that they’re embracing generative AI in a substantial way, with both Electronic Arts and Krafton saying that they aim to prioritize creative empowerment through AI technologies. Electronic Arts and Stability AI announced a strategic partnership to co-develop generative AI models, tools, and workflows that will transform game creation processes.