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Alts will pump so hard any minute now 🚀🚀
🚨BREAKING: Donald Trump has nominated pro-crypto Paul Atkins to be the next SEC Chair.
Huge news for the entire crypto industry. 🚀🚀🚀
Huge news for the entire crypto industry. 🚀🚀🚀
In two weeks, this crash will be a distant memory.
Remember, the true winners emerge from the red.
#MarketDownturn #staystrong #HODL
Remember, the true winners emerge from the red.
#MarketDownturn #staystrong #HODL
🚨BREAKING: 🇷🇺 Russia's parliament just passed a bill allowing companies to use cryptocurrency payments for international trade - RIA Novosti
#BTC #ETHETFsApproved
#BTC #ETHETFsApproved
🚀🚀All spot #ETHEREUM ETF applicants filed updated S-1's
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
#EtheruemETF #ETH🔥🔥🔥🔥 #altsesaon
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock
#EtheruemETF #ETH🔥🔥🔥🔥 #altsesaon
🚀🚀Brazilian Banking Giant Itau Unibanco Opens Cryptocurrency Trading Services for All Customers
Banks are realizing the potential of offering cryptocurrency opportunities and traditional finance services. Itau Unibanco, the largest bank in Brazil and Latam with over 60 million customers and close to 100,000 employees, has announced the general availability of cryptocurrency trading services for its customers.
While this feature was launched in December, the functionality was only available for selected consumers and was slowly expanded to more users. First, Itau had to assess the level of acceptance these assets had as part of Ion’s platform, the bank’s investment app. According to Guto Antunes, head of Itaú Digital Assets, the acceptance was high, as customers trusted Itau’s cryptocurrency custody solution.
Antunes clarified the bank developed its custody solution, where each customer has a digital wallet with segregated assets. Antunes stated:
We have a stake and a partnership with Liqi, but nothing in terms of custody. The entire custody solution, since it was conceived, has been done with architecture and fiduciary duty within Itau.
The platform will only provide the already available digital asset offering, consisting of #bitcoin (BTC) and #Ethereum (ETH), to customers, although they are already considering new cryptocurrency inclusions. However, as a regulated banking entity, Itau is still expecting the central bank of Brazil to issue regulations regarding the treatment of stablecoins for their inclusion on its Ion platform. “We are aligned with the central bank in the development of regulation, we want to grow in the right way,” Antunes stressed.
Banks are realizing the potential of offering cryptocurrency opportunities and traditional finance services. Itau Unibanco, the largest bank in Brazil and Latam with over 60 million customers and close to 100,000 employees, has announced the general availability of cryptocurrency trading services for its customers.
While this feature was launched in December, the functionality was only available for selected consumers and was slowly expanded to more users. First, Itau had to assess the level of acceptance these assets had as part of Ion’s platform, the bank’s investment app. According to Guto Antunes, head of Itaú Digital Assets, the acceptance was high, as customers trusted Itau’s cryptocurrency custody solution.
Antunes clarified the bank developed its custody solution, where each customer has a digital wallet with segregated assets. Antunes stated:
We have a stake and a partnership with Liqi, but nothing in terms of custody. The entire custody solution, since it was conceived, has been done with architecture and fiduciary duty within Itau.
The platform will only provide the already available digital asset offering, consisting of #bitcoin (BTC) and #Ethereum (ETH), to customers, although they are already considering new cryptocurrency inclusions. However, as a regulated banking entity, Itau is still expecting the central bank of Brazil to issue regulations regarding the treatment of stablecoins for their inclusion on its Ion platform. “We are aligned with the central bank in the development of regulation, we want to grow in the right way,” Antunes stressed.
🚀🚀Australia-based Monochrome Asset Management is set to debut its spot bitcoin exchange-traded fund (ETF), IBTC, on the Cboe Australia exchange this Tuesday, June 4. This will be Australia’s first ETF to directly hold bitcoin. Previously, Australian investors were limited to indirect bitcoin ETFs or offshore options, which did not offer the same investor protections established by the Australian Financial Services Licensing (AFSL) framework in 2021. Monochrome’s CEO, Jeff Yew, anticipates significant demand for this new ETF, citing the recent surge in popularity of indirect bitcoin ETFs. The IBTC’s bitcoin reserves are securely stored offline, adhering to stringent Australian institutional custody guidelines. Unlike U.S. spot bitcoin ETFs, which are cash-based, Monochrome’s spot bitcoin ETF permits in-kind redemptions.
Paypal Holdings Inc. (Nasdaq: PYPL) announced at Consensus 2024 that its Paypal USD stablecoin (PYUSD) is now available on the Solana blockchain, making it “faster and cheaper to use.” Jose Fernandez da Ponte, Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group at Paypal, stated:
Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.
“The Solana network’s speed and scalability make it the ideal blockchain for new payment solutions that are accessible, cost-effective, and instantaneous,” said Sheraz Shere, Head of Payments at Solana Foundation. “Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation.”
Paypal explained: “The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases. As the most used blockchain for stablecoin transfers, according to data from blockchain analytics platform Artemis, Solana has emerged as the leading blockchain to run tokenized transactions and is ideal for PYUSD as it continues to be used for payment use cases.”
Besides the Paypal and Venmo wallets, Crypto.com, Phantom, and Paxos are among the first platforms to offer PYUSD on Solana. Users now have the choice to send PYUSD on Ethereum or Solana. Paypal Inc. holds a license from the New York State Department of Financial Services to engage in virtual currency business activities. The issuance and custody of Paypal USD are managed by Paxos Trust Company LLC, a fully chartered limited-purpose trust company.
#Paypal #Crypto
Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.
“The Solana network’s speed and scalability make it the ideal blockchain for new payment solutions that are accessible, cost-effective, and instantaneous,” said Sheraz Shere, Head of Payments at Solana Foundation. “Continued adoption from industry participants like PayPal helps realize the next generation of fintech innovation.”
Paypal explained: “The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, providing significant benefits for commerce use cases. As the most used blockchain for stablecoin transfers, according to data from blockchain analytics platform Artemis, Solana has emerged as the leading blockchain to run tokenized transactions and is ideal for PYUSD as it continues to be used for payment use cases.”
Besides the Paypal and Venmo wallets, Crypto.com, Phantom, and Paxos are among the first platforms to offer PYUSD on Solana. Users now have the choice to send PYUSD on Ethereum or Solana. Paypal Inc. holds a license from the New York State Department of Financial Services to engage in virtual currency business activities. The issuance and custody of Paypal USD are managed by Paxos Trust Company LLC, a fully chartered limited-purpose trust company.
#Paypal #Crypto
🚀🚀Sebastian Serrano, CEO of Ripio, one of the largest cryptocurrency exchanges in Latin America, affirmed that crypto is already being harnessed by companies in Brazil and China as part of their regular payment flow. Serrano offered insight into the use cases that institutions are displaying for crypto services in Latam and stated that several Brazilian unnamed companies were paying for supplies coming from China using cryptocurrency.
In the same way, Serrano disclosed that some Argentine companies were using cryptocurrency as a hedge against the crippling inflation that the country is facing. Also, Serrano highlighted the use case of cryptocurrency for remittance transactions between the U.S. and Mexico.
Serrano told Valor Economico that he also believed that the future of cryptocurrency was linked to its use in capital markets. He stated:
In the coming years, we will see companies start to finance themselves with cryptocurrencies. The capital markets of the future will be based on blockchain.
#crypto #altsesaon
In the same way, Serrano disclosed that some Argentine companies were using cryptocurrency as a hedge against the crippling inflation that the country is facing. Also, Serrano highlighted the use case of cryptocurrency for remittance transactions between the U.S. and Mexico.
Serrano told Valor Economico that he also believed that the future of cryptocurrency was linked to its use in capital markets. He stated:
In the coming years, we will see companies start to finance themselves with cryptocurrencies. The capital markets of the future will be based on blockchain.
#crypto #altsesaon