ChainCatcher news, the Central Bank of Brazil is preparing to open the cryptocurrency market to traditional financial institutions. After the upcoming regulations are issued, these institutions will be able to operate clearly in the industry. Due to the high thresholds imposed by this framework, small cryptocurrency startups may face challenges in regulating their status.

ChainCatcher news, OpenAI founder Sam Altman's World project (formerly known as Worldcoin) announced that World ID has launched an authentication program in Brazil. As the project intensifies efforts to increase the total number of registrations, Brazil has become an attractive region in the eyes of World. According to World Bank data from 2023, the country is not only relatively friendly to cryptocurrencies but also has a population of over 215 million.

ChainCatcher news, according to Bloomberg, Brazil's well-known hedge fund Verde Asset Management stated in a report to clients on Monday that the company established a small Bitcoin position before the U.S. presidential election voting on November 5, although the specific size of the position has not been disclosed.The fund is managed by industry veteran Luis Stuhlberger. Data shows that the company's main fund fell by 0.18% in October after fees. In contrast, the CDI interbank benchmark rate rose by 0.93% during the same period, and a basket of local hedge funds increased by 0.29%. So far this year, its performance has outperformed the Anbima hedge fund index by more than two percentage points.Verde currently manages assets of approximately 19 billion reais (3.3 billion USD), down from 20 billion reais a month ago.

ChainCatcher news, Brazilian blockchain startup Multiledgers announced the completion of a new funding round of $1 million, led by Oxygea Ventures and Indicator Capital (investing $475,000 each), with Koyamaki Ventures participating (investing about $50,000). The company plans to use the new funds to help businesses create, manage, and integrate networks to manage and certify information and assets, with the primary use case being on-chain management of environmental certificates to ensure compliance.

ChainCatcher news, VanEck announced an investment in the Web3 gaming company Gunzilla, marking its second foray into this field with its crypto fund. Gunzilla is developing "Off The Grid," a cyberpunk shooting game. VanEck believes that blockchain brings transparency and player control to gaming, driving the development of the gaming economy.

ChainCatcher news, the Central Bank of Brazil is currently exploring the possibility of taxing remittances based on stablecoins. According to industry stakeholders, the Central Bank of Brazil is considering incorporating this taxation into the final version of cryptocurrency regulations that will be finalized next year.Local media pointed out that this could be achieved by providing different licenses to cryptocurrency companies based on the services offered. For example, tokenization companies would need to apply for a standard Virtual Asset Service Provider (VASP) license, while companies offering stablecoin exchange services may need to apply for a different license.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) announced a collaboration with the central banks of Brazil and Thailand to conduct cross-border tokenized transactions, including atomic settlement (DvP) for digital asset trading and wholesale CBDC (PvP).In addition, the Hong Kong Monetary Authority plans to provide a subsidy of up to HKD 2.5 million for digital bond issuance to promote Hong Kong as a tokenized venue.

ChainCatcher news, according to Cointelegraph, based on data released by the Central Bank of Brazil on October 29 and local media reports, Brazil's digital asset imports reached $1.4 billion in September, a 40% increase compared to approximately $1 billion in the same period of 2023.While imports surged, digital asset exports remained relatively stable, totaling only $44 million in September 2024, compared to $45 million in the same period last year. As a result, the country's net crypto asset transactions brought in $1.385 billion in remittances, up from $987 million in September 2023.The Central Bank of Brazil's report includes transactions of cryptocurrencies and stablecoins, with the latest transactions accounting for 70% of all transactions. This data reflects an increase in crypto activity in 2024 compared to 2023. From January to September, Brazil's total cryptocurrency imports amounted to $13.7 billion, a significant increase from $8.4 billion in the same period last year. Year-to-date, net imports have grown by 60%.

ChainCatcher news, a Reuters survey shows that the Brazilian central bank will raise the benchmark interest rate by 50 basis points on November 6, marking the second step in its short-term tightening actions, in stark contrast to the policy easing in most global markets. The Brazilian central bank's monetary policy committee, Copom, raised the benchmark interest rate by 25 basis points last month, the first increase in two years, and hinted at more adjustments to come in response to a challenging inflation outlook.According to the Reuters survey conducted from October 21 to 25, the median estimate of 34 economists indicates that Copom may raise the Selic rate from 10.75% to 11.25%. Among them, 30 economists expect a 50 basis point increase, while four predict an additional 25 basis points increase.

ChainCatcher news, according to Bitcoin.com, the Central Bank of Brazil supports tokenization and "open finance" as key elements of the future financial system. In a panel report from the International Monetary Fund and the World Bank, the bank's president Roberto Campos Neto stated that the intersection between the two is often underestimated.Campos Neto emphasized the relevance of tokenization to the concept of bank balance sheets and operational efficiency, stating: banks will gradually shift from viewing balance sheets based on accounts to viewing balance sheets based on "tokens," which we believe will greatly enhance efficiency and productivity. Tokens are better suited for banks to manage risk, manage collateral, and finance.

ChainCatcher news, Ripple CEO Brad Garlinghouse praised Brazil's cryptocurrency regulatory environment, as Brazil is one of the largest crypto markets in Latin America.In an interview with Valor Economico, Garlinghouse emphasized the work done by the Brazilian central bank to attract crypto companies to the country, "Brazil is one of the fastest-growing markets for the adoption of crypto assets and blockchain. The Brazilian central bank has been very constructive in its regulation, which has created opportunities." Additionally, he hinted at turning Ripple's office in São Paulo into the company's central hub for activities across Latin America to support tokenized value as an opportunity for organizations in the region.He concluded, "I see opportunities to explore blockchain for the tokenization of physical assets. I say this in the U.S., Brazil, Europe, and around the world. This is an opportunity to attract new investments."

ChainCatcher news, according to News.bitcoin, Brazil's central bank president Roberto Campos Neto plans to accelerate the regulation of asset tokenization and stablecoins before 2025. The bank will release new consultation opinions this month to gather more feedback on the approval of the country's VASP operational rules.In a recently aired program, Campos Neto claimed that the bank is also developing rules for virtual asset service providers (VASP). He revealed that the bank will launch a public consultation to seek opinions on the draft regarding the "conduct, organization, and authorization processes" of these entities.

ChainCatcher news, according to Protos, well-known YouTube blogger Coffeezilla received a wave of abusive emails from Tate's fans after questioning the suspicious crypto projects promoted by Andrew Tate.Coffeezilla had raised concerns about the tokens VENOM, DADDY, and ROOST promoted by Tate, and asked why he was trying to get The Real World coin (TRW) regulatory approval from the U.S. SEC.Tate subsequently released a video in response, which did not directly answer the questions and encouraged fans to attack via email.

ChainCatcher news, the public blockchain Zilliqa tweeted that the proposal to halve mining rewards has been approved. Starting from October, the monthly mining rewards will be reduced by 50% each month.

ChainCatcher news, Brazil is preparing to deepen its activities around its central bank digital currency (CBDC) pilot project drex. The Central Bank of Brazil announced that the pilot project will be open to more participants, aiming to expand the testing of more complex use cases within the platform. The new alliance will be able to submit its proposals for review by the project execution management committee from October 14 to November 29.

ChainCatcher news, Musk has once again changed the X account avatar, updating from the previous "Starship Flight 5" to the launch tower "Mechazilla".According to previous news, the launch tower "Mechazilla" successfully caught the returning Super Heavy rocket today. SpaceX's Super Heavy booster has successfully landed on the launch tower arm in Texas for the first time, marking an important milestone in the fifth test flight of the Starship.

ChainCatcher news, the Brazilian Federal Police launched "Operation Alcacaria" this Wednesday, aimed at combating operators who provide money laundering services using cryptocurrencies. In addition, the police are tracking and investigating exchanges that collaborate with these operators to provide liquidity for their money laundering activities. However, the names of those involved have not yet been released.This operation issued 62 search warrants, 13 arrest warrants, and seized funds from the involved entities' banks.

ChainCatcher news, according to Bitcoin.com, Bitso, Mercado Bitcoin, and Foxbit have teamed up to issue a stablecoin brl1 pegged to the value of the Brazilian real. This stablecoin will be issued on Ethereum and Polygon, and Cainvest will provide liquidity for BTC and ETH pairs on these exchanges and other markets to be developed in the future.

ChainCatcher news, according to a report by Xinhua News Agency's new media, the social media platform X, owned by American tech tycoon Elon Musk, announced on the 4th that it has paid all fines and applied to lift its operating ban in Brazil. However, the Brazilian Supreme Court responded the same day that the decision on whether to allow the X platform to resume operations would be delayed due to the fines being transferred to the "wrong" bank account.According to Reuters, earlier on the 4th, the X platform submitted an application to the Brazilian Supreme Court, stating that it has paid all previously owed fines and hopes to restore its operating services in Brazil. Reuters cited a related document reporting that X platform's lawyers stated the company has paid a fine of 28.6 million reais (approximately 5.24 million USD).

ChainCatcher news, according to Jinshi reports, Elon Musk's social media platform X has paid the fine imposed by the Brazilian Supreme Court, and the company will submit a new request to restore its services in the country.