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Brazilian Federal Revenue Intensifies Monitoring of the Country's Financial Transactions! The Brazilian Federal Revenue Service has announced new measures to intensify the monitoring of financial transactions carried out through the Pix system. Pix is an instant payment platform widely used in Brazil, allowing quick and easy transfers between bank accounts. From now on, there will be a new limit of 5,000 reais (approximately $800) per month for individuals and 15,000 reais (approximately $2,400) for companies. Information about these transactions will be disclosed until 2026, and digital banks will also have to report operations that exceed these amounts. The main objective of this measure is to increase control over financial operations in the country, aiming for greater effectiveness against tax evasion and currency evasion, according to the Federal Revenue Service.
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MicroStrategy and BlackRock Reach Historic Milestone with Bitcoin! MicroStrategy and BlackRock now hold a combined total of 1,000,593 Bitcoins, valued at nearly $100 billion. This significant milestone reflects the continued confidence of these financial giants in the long-term potential of Bitcoin. MicroStrategy, under the leadership of Michael Saylor, has been one of the biggest corporate advocates of Bitcoin, accumulating a substantial amount of the cryptocurrency over the years. On the other hand, BlackRock, through its iShares Bitcoin Trust (IBIT), has also been aggressively increasing its holdings, recently surpassing MicroStrategy in terms of the amount of Bitcoin held. This development not only solidifies the position of these companies in the cryptocurrency market but also signals a growing institutional interest in digital assets, which many believe to be the future of finance.
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Do Kwon's Trial Date Set for January 26, 2026! Do Kwon, co-founder of Terraform Labs, is set to stand trial on January 26, 2026, for criminal fraud charges related to the $40 billion collapse of the TerraUSD stablecoin. The trial will take place in the Southern District of New York and is expected to last between four to eight weeks. Kwon faces multiple charges, including securities fraud, wire fraud, commodities fraud, and conspiracy. The collapse of TerraUSD in May 2022 had a significant impact on the broader cryptocurrency market, contributing to the downfall of several major firms.
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China Plans to Integrate Blockchain into National Data Infrastructure by 2029. Chinese authorities have announced plans to develop a comprehensive national data infrastructure, with blockchain technology positioned as a key element. The initiative aims to establish a unified national data market by 2029, facilitating data sharing and usage across the country. The plan will be executed in phases, starting with refining the design and structure of the data infrastructure between 2024 and 2026. In the next phase, from 2027 to 2028, the goal is to build a robust system capable of supporting large-scale data circulation and ensuring seamless interconnectivity. Blockchain technology will be central to achieving secure and transparent data management.
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