Autor Cointelegraph By Cassio Gusson

The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

Uverejnil používateľ | máj 16, 2022 |

B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group’s chief financial officer, André Milanez, made the announcement during a conference call on Monday.Milanez did not provide many details on how the product will work. It is not yet known if B3 will form a partnership or if it will offer Bitcoin futures trading directly, but the timeline for launching this product was stated to be relatively short. “We plan to launch bitcoin futures in the next three to six months,” he said.Currently, in Brazil, institutional and retail investors can trade 11 ETFs through B3 with exposure to cryptocurrencies, including CRPT11 from Empiricus with Vitreo; the NFTS11 of Investo; QBTC11, QETH11 and QDFI11 all from QR Assets and META11, HASH11, BITH11, ETHE11, DEFI11, WEB311 all from Hashdex. In addition, in Brazil, there are more than 25 investment funds approved by the Securities and Exchange Commission (CVM) that offer different types of exposure to the crypto-assets market.In January Jochen Mielke de Lima, director of information technology at B3, had already said that the Brazilian stock exchange would launch several products with exposure to cryptocurrencies in 2022, including Bitcoin futures and Ethereum (ETH) futuresAt the time, the executive highlighted that the Brazilian stock exchange had been looking closely at the cryptocurrency market from a technological point of view since 2016.According to the statement, B3 only needed to settle the question on whether the negotiations would be carried out against the U.S. dollar or against the Brazilian real. Futures contracts need a reference index, so if the team chooses Brazil’s native currency, it will be necessary to compose a crypto-assets index in reais — something that does not exist now.The B3 rep also said it is exploring ways to provide data inputs for the country’s central bank digital currency, or CBDC.B3 and CryptocurrenciesIn addition to BTC and ETH futures, B3 also intends to offer services to national cryptocurrency exchanges and to be a kind of “centralizer” of custody and settlement operations, according to Jochen Mielke de Lima:“We have around 30 national crypto exchanges, apart from the international ones that operate here. We could offer a service to facilitate and standardize their operations. I believe it has something to explore in providing custody services and in the settlement process.”Mielke, also stated that the cryptocurrency market is very similar to the regulated stock market, as it involves issuing, trading, settlement and custody. He stated therefore that B3 could help solve common problems between exchanges.“We are identifying points of friction that we can help resolve to face up, such as helping our customers provide the best access to their end customers,” he said.In addition, B3 plans other products based on cryptocurrencies and blockchain to launch in 2022. Among them, there are studies on a platform for asset tokenization, cryptocurrency trading, cryptocurrency custody, among others.”Trading and access to liquidity centers: this means mitigating the complexities of accessing a fragmented, global and 24×7 market; Digital Asset Custody: providing reliable custody (hence, purpose of blockchain transactions); Over-the-counter facilitation: thIn this way, it wants to provide more security and efficiency in the movement and DVP of digital assets; Capital efficiency gains: thus, it wants to mitigate the pre-funded nature of operations and Crypto as a service: make it easier for clients to explore the crypto market with low friction,” highlighted B3.For 2022, B3 reps said they foresee the official launch of a reinsurance platform. This will work on the Corda blockchain R3, and is a partnership between the exchange and IRB Brazil.

Čítaj viac
Nasdaq partners with XP to launch cryptocurrency exchange in Brazil

Nasdaq partners with XP to launch cryptocurrency exchange in Brazil

Uverejnil používateľ | máj 12, 2022 |

XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody.XP stated that the exchange will initially offer the purchase and sale of cryptocurrencies, but the intention is that the platform will also support other digital assets and investment products based on crypto assets.“The creation of XTAGE represents an important milestone in advancing the digital asset market and our ability to offer investors greater access to the digital asset ecosystem. Through the technology partnership with Nasdaq, we are confident that XP will operate on an innovative and robust infrastructure,” said Lucas Rabechini, director of financial products at XP.Roland Chai, executive vice president and head of market technology infrastructure at Nasdaq, highlighted that Nasdaq’s partnership with XP will open new opportunities for companies and investors.This is not the first time that NASDAQ has partnered with a Brazilian company in the cryptocurrency market. In 2019, the American company partnered with Hashdex to launch the world’s first Bitcoin Spot ETF.In the case of XP, this is also not the first time that the company has sought to launch a company focused on the cryptocurrency market. Cointelegraph wrote in 2018 that the company had launched a platform for trading cryptocurrencies called XDEX, however, this ended up being closed in March 2020, just before Bitcoin’s most recent bull run.Hot cryptocurrency market in BrazilNubank, the largest digital bank in Brazil and Latin America, recently announced that it has partnered with Paxos to allow the bank’s customers to buy, sell and store cryptocurrencies directly through Nubank.Along with the launch of the new cryptocurrency transaction services, Nubank said that it will allocate roughly 1% of its net assets to Bitcoin (BTC) through the cashier of Nu Holdings — a company that controls the Nubank Group.Another Brazilian bank that will also offer Bitcoin investment services to its customers is BTG Practual. The bank’s president, Roberto Sallouti, recently announced that the bank will launch its own crypto exchange in roughly two months, stating:”We will have our cryptocurrency trading platform in up to two months [..] BTG’s proposal is to have a complete investment platform for our clients.”XP Inc announced on Thursday that it intends to launch a cryptocurrency exchange called XTAGE in Brazil in partnership with Nasdaq.

Čítaj viac
Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services

Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services

Uverejnil používateľ | máj 11, 2022 |

Nubank, the largest digital bank in Brazil and Latin America, announced that it has partnered with Paxos to allow the bank’s customers to buy, sell and store cryptocurrencies directly through Nubank.Along with the launch of the new cryptocurrency transaction services, Nubank announced it will allocate roughly 1% of its net assets to Bitcoin (BTC) through the cashier of Nu Holdings, a company that controls the Nubank Group.“This move reinforces the company’s conviction in Bitcoin’s current and future potential in disrupting financial services in the region,” Nubank said, as translated by Cointelegraph. According to a statement from Nubank sent to Cointelegraph, the purchase of Bitcoin and Ethereum (ETH) can be made from US$ 0.2 (or 1 BRL) and will be made available in May. The crypto investment service will be fully implemented by the end of June. “There is no doubt that cryptocurrencies are a growing trend in Latin America,” explained Nubank founder and CEO David Velez. “We have been following the market closely and we believe that there is transformational potential in the region.”Nubank also informed that the integration with cryptocurrencies aims to expand and improve access to this growing market, eliminating complexity and friction for customers to buy, hold and sell digital currencies through the app without the need to open new accounts or transfer cash.The company confirmed plans to expand beyond just BTC and ETH offerings in the future but didn’t elaborate on which assets will be included.Through a set of APIs, Paxos will enable Nubank to offer crypto-enabled services to customers, as Mercado Livre and PayPal also do in partnership with Paxos.Nubank is said to have more than 50 million customers in Brazil alone. According to Paxos, its partnership with the digital bank represents an important strategic move as Latin America continues to grow into a crypto hub.Brazil firmly bets on digital money!The country is the latest to announce CBDC adoption. The sovereign national digital currency will be based on the national fiat and would have a fixed supply quite similar to Bitcoin. pic.twitter.com/nWu0RAfJyB— Cointelegraph (@Cointelegraph) April 13, 2022Nubank and BitcoinAlthough this is the first time that Nubank offer customers the ability to purchase BTC and ETH outright, the bank is not new to digital assets. Through Nulinvest, a platform that Nubank acquired in 2020 when it was called Easynvest, the bank already allows customers to purchase investment funds with exposure to the digital asset market. With the acquisition, Nubank also started to offer QBTC11, an exchange-traded fund that’s 100% allocated to Bitcoin, managed by QR Asset Management and belonging to the QR Capital group.Meanwhile, a securities filing earlier this year revealed that Warren Buffett’s Berkshire Hathaway had purchased $1 billion in Nubank shares in the fourth quarter of 2021. The move is said to have given the Oracle of Omaha indirect exposure to the digital asset market.Indonesia and Brazil are leading the world in terms of the share of cryptocurrency investors among the general population, according to a new report by Gemini. https://t.co/eBympWuxt4— Cointelegraph (@Cointelegraph) April 4, 2022

Related: Coinbase to reportedly buy the $2.2B Brazilian unicorn behind Mercado BitcoinNubank isn’t the only local financial institution looking to offer crypto investment services. Another Brazilian bank that will also offer Bitcoin investment services to its customers is BTG Practual. The bank’s president, Roberto Sallouti, recently announced that the bank will launch its own crypto exchange in roughly two months. “We will have our cryptocurrency trading platform in up to two months [..] BTG’s proposal is to have a complete investment platform for our clients,” he revealed.

Čítaj viac
The NFT sector is projected to move around $800 billion over next 2 years: Report

The NFT sector is projected to move around $800 billion over next 2 years: Report

Uverejnil používateľ | apr 28, 2022 |

Although NFTs have been a part of the cryptocurrency market since 2014, interest and adoption ha risen rapidly over the last two years. At their height in August 2021, the total trading volume of NFTs rose to over $5 billion, kickstarting what briefly came be to known as “NFT Summer”.According to a report by Coingecko, the NFT market is now expected to move more than $800 billion in the coming two years. The report, which mostly utilized investors from Asia and the Pacific, highlighted that of 871 respondents, around 72% of them already own NFT(s), with more than 50% of them declaring that they had 5 or more.As for investors, the report indicated a balance between the generations, suggesting 43.6% of NFT investors surveyed were between 18-30 years old and 45.2% are between 30-50 years old.While the bulk of the NFT market appeared to be concentrated in popular collections such as the Bored Ape Yacht Club (BAYC) and CryptoPunks, 35.8% of respondents said they were interested in NFTs linked to play-to-earn and metaverse games, and 25% stated that they prefer art NFTs.”The metaverse sector is projected to move around $800 billion over the next 2 years, and gaming appears to be the most likely entry point into the NFTs market,” the report highlighted.”Our respondents have indicated that “flip & earn” was the primary motivation behind their NFT purchases, though 2/3 of respondents indicated that NFTs only made up

Čítaj viac
Brazil’s Senate approves 'Bitcoin law' to regulate cryptocurrencies

Brazil’s Senate approves 'Bitcoin law' to regulate cryptocurrencies

Uverejnil používateľ | apr 27, 2022 |

Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry. The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. This is expected to occur by the end of 2022, according to experts who spoke with Cointelegraph Brazil.The session that approved the project was chaired by Senate President Rodrigo Pacheco who said: “I want to congratulate the rapporteur of the project, Senator Irajá, for the approval, here in the Plenary of the Senate, for this important bill.”Federal Deputy Aureo Ribeiro first proposed the bill in 2015.The bill was then approved in the Senate following lengthy deliberation on April 26, combining Senator Ribeiro’s bill with Senator Arns’s bill PL 3825/2019 for which Senator Irajá Abreu was rapporteur. During the session, the Senate confirmed that the country’s executive branch would be responsible for formulating rules for crypto-assets and could either create a new regulator or delegate its power to the Securities and Exchange Commission (CVM) or the Central Bank of Brazil (BC).The session also saw several senators including the bill’s author, Senator Arns focusing discussion on appropriate penalties for crypto crimes, especially fraud.According to Senator Arns, the penalties for this type of crime should be scaled according to the amount of fraud, money laundering, and other white-collar crimes committed. He said:”The penalties must be proportionate to the amount of value affected by this type of crime. So whoever committed a crime of US $1 billion causing damage to thousands of people would have a greater penalty than the someone who affected less value.”Senator Arns’s proposal was backed by Senator Rose de Freitas, who called for greater punishments for crimes involving cryptocurrencies and said that the Brazilian market already moves more than $40 billion in Brazil.Senators also discussed incentivizing crypto miners to open up shop in Brazil since there will be a complete tax exemption for the import of ASIC mining devices into the country.Bernardo Schucman, senior vice president of the digital currencies division of the American mining company CleanSpark, pointed out that the cryptocurrency market needs specific regulation so that institutional investors who are averse to risk feel encouraged and protected by investing in crypto mining in South America’s largest country. He said”Regulation is very welcome [and] the trend is for Brazil to follow the largest economies in the world and facilitate the mining of these coins on Brazilian soil.”Related: Brazilian central bank president confirms CBDC pilot will launch in 2022The bill does not appear to face many challenges in the Chamber of Deputies, where it must be approved in a plenary session before being sent to President Bolsinaro before becoming law.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy