Author: NBTC
Exchanges in Brazil have reported an increase in the adoption of stablecoins since the Financial Transaction Tax (IOF) more than tripled from 1.1% to 3.5%, affecting foreign payments and purchases of foreign currency in cash. Regulation that might plug this loophole is currently in the works. Stablecoin Adoption in Brazil Explodes to Avoid Financial Transaction Tax The Facts: Brazil has become a stablecoin hotbed, as citizens are taking advantage of the legal limbo surrounding these assets to avoid paying taxes. Earlier this year, the Brazilian government revamped the Financial Transaction Tax (IOF), almost tripling the levies from 1.1% to 3.5%,…
The governor spoke about the complexities of U.S. monetary policy at the Brookings Institute this past Monday in Washington, DC. Fed’s Lisa Cook Highlights Delicate Balance of Inflation and Employment Federal Reserve Governor Lisa Cook seems to have pushed the pause button on her high-profile feud with U.S. President Donald Trump. The governor recently made an appearance on Monday, not in court, but at the Brookings Institute in Washington, DC to discuss monetary policy. Echoing her boss, Fed Chairman Jerome Powell, who gave his customary press conference last week after the central bank’s second rate cut this year, Cook’s message…
Cryptocurrency wallet company Tangem has introduced Tangem Pay, a virtual Visa card that connects directly to the hardware wallet, enabling users to spend stablecoins at millions of merchants globally. Established in unison with US payment infrastructure company Paera, the pay card allows users to deposit and spend Circle’s USDC stablecoin on the Polygon network, the company said in an announcement on Wednesday. “Once the user deposits into their Tangem Pay account, they can spend anywhere Visa is accepted, regardless of the local currency,” Tangem Pay CEO Marcos Nunes said, noting that the solution supports Apple Pay and Google Pay for…
The Venom Foundation, the organization behind the high-performance Venom blockchain, has announced it will integrate the x402 protocol, an open-source standard that lets machines pay machines, positioning Venom as one of the first major Layer-1 platforms to support autonomous payments between AI agents and decentralized services. The foundation says the rollout is planned for the first quarter of 2026 and promises to make programmable microtransactions a core part of how services on Venom interact. At its heart, x402 revives the long-dormant HTTP 402 “Payment Required” status code and defines a way for API endpoints, web services, and agents to negotiate…
Cryptocurrency bank Anchorage Digital is opening institutional pathways into Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin–Ethereum ecosystem. The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million total value locked (TVL) DeFi platform, according to an emailed announcement shared with CoinDesk on Friday. Anchorage also holds a Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS) and provides a self-custody wallet called Porto. BOB (“Build on Bitcoin”) describes itself as a hybrid layer-2 network combining the security of Bitcoin and…
SharpLink Gaming Chief Information Officer (CIO) Matt Sheffield has clarified an alleged misinformation that was circulated by Arkham Intelligence. The blockchain analytics platform had on Nov. 6 posted on X that SharpLink Gaming deposited a significant amount of Ethereum (ETH) on the OKX exchange. Ethereum price gains despite large-scale movements As per the post, Arkham stated that SharpLink redeemed 5,284 ETH valued at $17,520,000 and deposited part of it on OKX. The total volume of Ethereum deposited was 4,364 ETH, worth about $14,470,000. The transaction indicates that 920 ETH were withheld at the point of making the deposit. It is…
According to Bloomberg, Tether CEO Paolo Ardoino announced that the company is expected to report a net profit of approximately $15 billion this year. Ardoino stated that this figure is an extraordinary achievement for the company and that they have reached a profit margin of 99%. Tether continues its rapid growth in stablecoin issuance while also attracting increasing investor interest. The El Salvador-based company is in talks to raise up to $20 billion in exchange for a 3% stake, according to Bloomberg last month. If this deal goes through, Tether’s market capitalization would reach approximately $500 billion, making the company…
Switzerland has launched a public consultation for stablecoins through a proposal that introduces a new regulatory framework for issuers under FINMA oversight. Summary Switzerland has opened a public consultation for a new stablecoin licensing framework under FINMA oversight. Industry experts believe stablecoins could strengthen the Swiss franc. Swiss regulators published the proposal on Oct. 22, which seeks public and industry feedback on how to structure a regulated framework for stablecoin‑based payment instruments. Even though Switzerland has moved relatively late compared to other financial hubs like Singapore and Dubai, industry experts, according to a recent Financial Times report, believe the country…
Key Highlights Rick Wurster, CEO of Charles Schwab, revealed that the company is planning to introduce a spot crypto trading service in the first half of 2026 Recently, many financial institutions have been planning to integrate crypto services This comes amid massive liquidation in the cryptocurrency market, wiping out billions of dollars of investment from the market JUST IN: $7 trillion Charles Schwab CEO Rick Wurster says the company plans to launch crypto trading in the first half of 2026. — Watcher.Guru (@WatcherGuru) November 5, 2025 On November 5, Rick Wurster, CEO of Charles Schwab, revealed the company’s plan to…
Wellgistics announces non-binding letter of intent with Datavault AI. The initiative aims at digitizing prescription from issuance to fulfillment. Here’s why it isn’t as big for WGRX stock as market is making it to be. Wellgistics Health Inc (NASDAQ: WGRX) more than tripled this morning after announcing a non-binding letter of intent with Datavault AI Inc. (NASDAQ: DVLT). The initiative dubbed “PharmacyChain” will integrate blockchain-enabled smart contracts into its prescription drug tracking system. In short, it aims at digitising the journey of a prescription from issuance to fulfilment. While the announcement sparked a frenzy of retail investor interest, sending WGRX…