Paxos will expand to Solana

Paxos has received approval from the NY regulator to expand to Solana.

According to the company, the approval represents a significant milestone for the innovation and evolution of Paxos' business. Previously, the company was limited to just the Ethereum network.

Paxos plans to offer the $USDP stablecoin on Solana starting January 17.

Solana Co-Founder Proposes Solana as Layer 2 Solution for Ethereum

Solana co-founder Anatoly Yakovenko proposed Solana as a layer 2 solution for Ethereum. He sees Solana as a layer 2 of Ethereum through the Wormhole EigenLayer, improving interoperability between blockchains.

This proposal is based on the concept of "danksharding", a promising scalability solution for Ethereum.

The idea is that Solana can seamlessly integrate with Ethereum, allowing Solana blocks to be subjected to a data validation bridge contract on the Ethereum network. This integration would not only improve interoperability between the two major blockchains but also redefine the traditional boundaries of layer 2 solutions.

Additionally, $SOL surpassed $ETH in perpetual futures trading volume, cementing its position as a significant force in the cryptocurrency market.

Qatari fund wants to invest US$500 billion in BTC

Qatar's sovereign wealth fund, which manages the wealth generated by the country's oil and gas, is keeping an eye on the cryptocurrency market. According to BTC presenter and maximalist Max Keiser, the fund intends to invest up to US$500 billion in BTC.

This investment would be the largest ever made by an institution in BTC, significantly surpassing the position of MicroStrategy, the company that holds the most BTC in the world. MicroStrategy has 174,530 BTC on its balance sheet following its purchase in November.

By taking an interest in BTC, QSWF demonstrates its confidence in the digital currency as a store of value and a scarce asset, opening the door for other sovereign wealth funds and institutional investors to enter the cryptocurrency market.

Leave your opinion in the comments on how this QSWF movement could affect the cryptocurrency market.

Get ready this new bull cycle will be better than the previous ones

According to renowned crypto entrepreneur SamsungMoo, the bull cycle that we will experience during 2024 and 2025 will be more aggressive than the previous ones. This is because in the previous bull cycle, people bought bitcoin because there was high liquidity in the market with low interest rates.

However, the crypto entrepreneur says that this time there is a large accumulation of the main crypto asset, despite having high interest rates, that is, even though there is little liquidity in the market, investors are allocating this capital to BTC, and in this case, then we are about to see what happens when there is a high demand for Bitcoin when there are not many investors who are willing to sell it. And to all this we must add that the current crypto market is no longer what it was before.

For example, before we didn't have such a large institutional interest, nor the regulations in the United States, Europe, Asia, and we also didn't have large investors in BTC, such as Tether or banking institutions.

Itaú starts offering Bitcoin to its customers

One of Brazil's largest banks, Itaú, has announced that it will offer cryptocurrency trading to its customers. According to statements from bank executives, they will start offering Bitcoin, then Ethereum and, in the future, their plan is to offer even more crypto assets.

Some customers may already have access to the service, but the release will be done gradually. Trading will be done through the ion investment platform and custody of the assets will be carried out by the bank itself. However, it will not be possible to make deposits or withdrawals of cryptocurrencies at this time.

BlackRock and Bitwise present latest ETF documents

Asset management firms #BLACKROCK and #Bitwise have taken another step towards launching their spot Bitcoin exchange-traded funds (ETFs) in the United States. Both submitted amended S-1 filings to the Securities and Exchange Commission (SEC), the American financial market regulator, on Monday.

The updated filings include new information on how trust fund administrators will monitor Bitcoin price fluctuations and ensure compliance with anti-money laundering regulations. In addition, the documents contain an audited statement from PricewaterhouseCoopers, one of the largest auditing companies in the world.

The SEC has not yet approved any #ETF of #Bitcoin on sight in the country and has postponed decisions on the requests received. However, some analysts believe that the altered records could indicate that there are ongoing conversations between the companies and the regulator.

And while all this is happening almost behind the scenes, analytics firm IntoTheBlock has revealed that even with Bitcoin's recent rise, long-term holders or investors are not taking profits and have instead acquired between them more than 360,000 BTC since the start of November.
Furthermore, if we look at the amount of Bitcoin held on exchanges, we will see a large decrease in the last 30 days, while the number of long-term holders has continued to grow. All of this confirms that long-term bitcoin investors have no intention of selling their $BTC . In the short term, what we can clearly see is that Bitcoin's volatility has increased in the last 7 days, so we can already expect volatile movements this week

Mantle launches liquid staking protocol on Ethereum mainnet.

Mantle has launched a non-custodial liquid staking protocol on the Ethereum mainnet.

The protocol will allow users to deposit ETH and participate in network staking through validator nodes. Users receive mETH, a liquid staking derivative, as a token representing their stake.

The protocol is governed by the Mantle decentralized autonomous organization and seeks to diversify available liquid staking solutions in order to address the concentration of ether holdings with large providers.

Following the approval of the MIP-25 governance proposal in August, Mantle DAO decided to stake ether from its treasury using its own protocol, complementing the $80 million in ETH that is already staked with Lido Finance.

Another banking giant that tokenizes securities

The French bank, société générale, announced that they have issued digital green bonds that were recently issued in the form of tokens using the Ethereum blockchain, for a value in excess of 10 million euros.

These tokenized green bonds will be used to finance products and companies classified as ecological or renewable.

Let us remember that some companies buy these types of bonds to reduce their carbon emissions, and that they are obliged by law to do so.

It is also important to note the use that is being given to blockchain beyond just creating applications for decentralized finance.

Merger proposal within the Cosmos ecosystem.

Osmosis, the largest decentralized exchange in Cosmos, and the lending protocol UX Chain (formerly Umee) are proposing to merge with each other within the Cosmos ecosystem. The proposed merger includes the integration of UX Chain's lending logic with Osmosis' decentralized exchange, aiming to form a comprehensive DeFi hub.

If approved, the process will begin with the integration of the UX Chain code into the Osmosis Chain, combining its capabilities and total locked value. Separate governance votes from each network's communities will guide the merger process, including the possibility of a unified token.

The proposed merger also aims to enable UX Chain to add value to the security of the Osmosis mesh, potentially leveraging the combined expertise or merging sets of validators from both networks.

Brazil approves project that could allocate US$14 billion to RWA tokens

The Chamber of Deputies approved Bill (PL) 1,425/2022, which establishes a regulatory framework for carbon capture and storage (CCS) activities in Brazil. The project, authored by former senator and president of Petrobras, Jean Paul Prates, was reported by deputy Rodrigo Castro in the Chamber. The PL has already passed the Senate and will go to the Environment and Sustainable Development Committee.

This approval paves the way for the regulation and expansion of the carbon credit market in the country and also for the expansion of RWA tokens related to this type of asset, such as Moss' MCO2. Companies such as Rede Globo and Gol have already announced the purchase of RWA carbon credit tokens.

According to a report by CCS Brasil, Brazil has the potential to capture almost 200 million tons of CO2 per year, which represents around 12% of the country's annual carbon emissions. According to the president of the CVM (Securities Commission), João Pedro Nascimento, the tokenization of the economy is seen as fundamental for the future of Brazil

Iota announces new foundation and values ​​more than 40%

IOTA's native token, IOTA, saw a 43% increase after announcing the creation of the Iota Ecosystem DLT Foundation and its registration in Abu Dhabi. This foundation will be funded with $100 million in IOTA tokens and will become the first distributed ledger technology foundation regulated by the Abu Dhabi Global Market.

Traders saw this announcement as a short-term bullish catalyst. Historically, incentives for the ecosystem and developers in blockchain and DeFi projects tend to attract liquidity and improve market sentiment.

NFTs could resurface with Sony and Microsoft

There is something on the market that seems to have a future. It is the GameFi narrative, which could be one of the most important in the coming months, and the most likely is that NFTs will resurface again, but this time, only those that have real utility and real value.

You remember that the rise of #NFTs during the previous bullrun made millions of people understand that most NFTs are of absolutely no use. Just to spend money, they weren't even useful for gathering dust on a shelf because in that case the art is completely digital

But it seems that something tells us that this market could resurface. Sony and Microsoft are two giants that have been growing in recent years to incorporate blockchain technology

#Sony , for example, has already registered a patent for a system capable of allowing the transfer of digital assets between #PlayStation securities using the blockchain, in addition to also exploring the tokenization of assets that would allow them to be sold or exchanged in secondary markets.

There are also leaked documents that show how #Microsoft plans to add crypto wallets to Xbox. The estimate is that the market value #GameFi during 2025 could be up to 10% higher than in 2022 driven precisely by Giants like these

Microstrategy accumulates more Bitcoins

The founder of Microstrategy #michaelsaylor, announced yesterday, November 30, the purchase of another 93.3 million dollars on #bitcoin . There were 16,130 Bitcoins at an average price of US$36,785 for each bitcoin, a total value of 93.3 million dollars.

After this additional contribution, #Microstrategy now has the surprising amount of 174,530 Bitcoins. The company now owns 174,530 Bitcoins, purchased for a total of $5.28 billion, at an average cost of just over $30,000 per unit.

Before the approved ETFs, it is important to note that when we see a company like Microstrategy, which is currently the largest holder of Bitcoin in the world, we sometimes think about where so much money comes from and who is financing them, that is, who are the your biggest shareholders?

When we look at the list of its largest shareholders, we immediately see names that catch our attention, such as #BlackRock , #Fidelity and even banking giant Morgan Stanley.

While these giants continue to invest in the crypto market, mainly in Bitcoin, some analysts still insist on predicting catastrophic falls for bitcoin and the entire crypto market in general. It seems they know the same thing we know.

The future is crypto

Cardano founder shares details about BTC and Satoshi Nakamoto

IOG and Cardano founder Charles Hoskinson criticized BTC maximalists in a video posted to Twitter yesterday, pushing back against accusations that $ADA and other non-BTC cryptocurrencies are scams or securities.

Charles Hoskinson argued that BTC maximalists often idealize the birth of BTC as immaculate, omitting crucial early details. He highlighted that in the early days, until Satoshi taught the community how to mine $BTC , a single person controlled 100% of the network's hashpower, namely Satoshi Nakamoto himself.

Additionally, the founder of #Cardano addressed the issue of #Satoshi_Nakamoto 's anonymity, sharing the perspective that Nakamoto remained anonymous to avoid legal implications arising from recognition as the creator of BTC, particularly legal issues related to the issuance of a coin and the possible response from global governments to this revelation.

Senate approves 15% tax on Bitcoin and cryptocurrencies on exchanges outside Brazil - measure expected to be valid for 2024.

The Senate approved the proposal that changes the Income Tax on investment funds and income obtained abroad, including the tax on Bitcoin and other cryptocurrencies stored on exchanges outside Brazil. The measure was approved by deputies and senators but still needs to be sanctioned by the president of Brazil, however, as it is a project created by the Executive Branch, it will probably be sanctioned urgently.

Bill 4173/2023 focuses on charging taxes on a series of investments outside the country and proved to be stronger in the taxation of exclusive funds (with few shareholders) and offshores that are maintained by Brazilians abroad. Cryptocurrencies and virtual assets are just one part of this law.

The new rule establishes taxation of up to 15% for cryptocurrencies valued at more than R$6,000, in companies abroad, changing other laws, such as the Civil Code, to tax or increase the rates on exclusive funds and offshore investments. .

Senator Rogério Marinho expressed his opposition to the proposal and commented that the new tax shows the Government's inefficiency in managing the economy. Taxpayers will have the option of updating the value of their assets and rights abroad to market value until December 31, 2023, taxing the difference to the acquisition cost at the definitive rate of 8%.

The proposal does not appear to conflict with current rules and the Federal Revenue Service would continue to provide guidance in this regard. The most important thing about this is that you should look for an expert on the subject, an accountant for example. Only someone who is educated on the subject will be able to tell you how you should pay your taxes.

#brasil #btc #bitcoin #Ethererum #imposto

KyberSwap recovers $4.7 million after hack

Decentralized exchange KyberSwap managed to recover $4.67 million in funds following last week's security attack, which resulted in a total loss of $47 million from Kyber's concentrated liquidity pools.

According to Kyber's announcement on Twitter on Sunday, part of this recovery was achieved through negotiations with front-running bot operators, responsible for extracting around US$5.7 million in cryptocurrencies from the KyberSwap pools on the Polygon and Avalanche networks during the hack.

The bot operators agreed to a deal whereby they would return 90% of the funds they had received to a specific KyberSwap address on the Polygon network, receiving a 10% reward as an incentive.

This negotiation was conducted differently than with the lead hacker, who also expressed a willingness to negotiate. Despite the KyberSwap team offering a reward, negotiations with the hacker have not yet progressed.

Victory Securities obtains retail cryptocurrency trading license

Hong Kong investment firm Victory Securities has obtained approval from the Securities and Futures Commission (SFC) to offer cryptocurrency services to retail clients.

With this approval, Victory Securities becomes the first licensed company to provide cryptocurrency trading and advisory services to retail investors. It joins native cryptocurrency firms HashKey Exchange and OSL Digital Securities.

This measure is part of a regulatory regime introduced by Hong Kong that allows the offering of cryptocurrency services to retail investors.

MicroStrategy Reaches New High With Its BTC Holdings

MicroStrategy shares ended Black Friday surpassing the $500 mark, reaching their highest level since December 2021 and raising its market capitalization to $7.33 billion, as reported by Nasdaq in NY.

Michael Saylor, founder of MicroStrategy, highlighted to CNBC in early November the forecast of an increase in market demand for BTC and a reduction in supply, considering these factors to be unprecedented in the history of Wall Street. This optimistic outlook shapes MicroStrategy's confidence over the next 12 months.

MicroStrategy's long-term strategy of holding BTC in its portfolio has proven successful. Despite a start to the year with quarterly losses, the value of its shares doubled in just one month. The company is one of the top institutional holders of BTC, owning around 0.75% of the total circulating supply.

Cosmos Hub approves ATOM token inflation reduction to increase security

The proposal to reduce the inflation rate of the native Cosmos token (ATOM) was approved by Cosmos Hub, with 41.1% voting in favor and 38.5% voting against. This was the highest participation in a vote in the Cosmos ecosystem.

ATOM's inflation rate will be reduced from 14% to 10%, which will result in a decrease in the annualized staking yield from approximately 19% to approximately 13.4%. The proposal stated that ATOM's high inflation rate was resulting in Cosmos Hub overspending on security and that validators could still make a profit even as inflation was reduced to 10%.

The entity with the highest number of votes in favor of the proposal was Zero Knowledge Validator, which justified its support by stating that double-digit inflation was unnecessary for security and harmed ATOM's price in the long term. The biggest opposition came from AllNodes, which argued that the change could negatively impact small validators.

This reduction in ATOM's inflation rate aims to improve the security of Cosmos Hub while encouraging the use of the token in DeFi and other areas of the ecosystem.

Institutional investors moved these 7 cryptocurrencies

According to the weekly report published by #Coinshares, institutional capital purchased $Bitcoin $Ethereum $Solana $Xrp, $Cardano, $Polkadot and $Chainlink, which although not shown in this image, are in the full report.

It is also important to mention that in the last 7 days both bitcoin and ethereum have received significant inflows of institutional capital. It is worth noting that these investors withdrew money from the financial instruments that allow them to short BItcoin.

It is important to highlight that these contributions are long-term investments, and therefore, do not take them as a short or medium-term signal. on the other hand, institutional capital sold $Litecoin