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View More NewsDollar-linked stablecoins already account for roughly 90% of crypto transaction volume in Brazil, most of it used for payments and settlement, according to tax authority data.Brazil processes between $6 billion and $8 billion in crypto each month, much of it using dollar-denominated stablecoins instead of the country’s own currency.However, even as dollar stablecoins have proliferated, Brazil’s central bank has moved to limit their role in regulated cross-border payments. Resolution 561, effective October 1, is set to bar payment firms from settling cross-border payments in stablecoins or other crypto, closing a back-end channel that had routed reais through dollar tokens. The…
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The rise and fall of Graham Platner, who has just withdrawn from the U.S. Senate race in Maine in which he was challenging Republican incumbent Susan Collins, makes one think of a fairy tale or myth in which a character of humble status is suddenly elevated to wealth and high status by some magical entity but is led astray by character flaws such as greed or hubris and is just as precipitously hurled back into lowly obscurity. In Graham’s case, the magical entities were progressive political operatives Dan Moraff, Leanne Fan and Moritz Katz, who thought they had found the…
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Subscribe to the Free Future NewsletterOr get immediate notifications of new posts via SubstackFree Future home Videos from drone flights by the San Francisco…
“Both Stripe and PayPal do approximately the same amount of payment volume, but Stripe has about one-fifth the net revenue,” Hadick said. “From a…
OKX Europe has launched a one-way conversion feature allowing customers to deposit USDT and convert it into USDC, offering a regulated migration path as…
In brief Texas Tech has secured a $70 million, 15-year naming rights deal with Galaxy Digital to rebrand its football stadium. The partnership establishes…
The Depository Trust & Clearing Corporation (DTCC), Wall Street’s clearinghouse, said Wednesday it plans to connect its tokenized securities platform to the Stellar (XLM)…
Key takeaways:Bitcoin’s drop below $75,000 marks a sharp decoupling from a record-breaking stock market fueled by the AI boom.Crypto trader sentiment remains weak as…
In brief YouTube is moving AI disclosure labels into more visible positions on Shorts and long-form videos. The platform will automatically apply labels to…
The Trump administration has made no secret of its desire to censor bad news about the Iran war. President Donald Trump even accused journalists…
The U.S. Commodity Futures Trading Commission wants to tear up the remnants of an old dispute with crypto exchange Gemini, with the agency insisting…
Tokenized commodities platform Streamex said it is launching a Solana-based marketplace for trading tokenized assets in partnership with Orca, a decentralized exchange built on…
In brief ElevenLabs licensed Stan Lee’s voice and likeness for AI-generated narration and comic-inspired visuals. The company also launched AI music filters and a…
A post jocularly characterizing AIs as our children reminded me of this stanza from Philip Larkin: They fuck you up, your mum and dad.…