Brazilian Tax Authority Records 12,000 Institutional Crypto Holdings
Crypto is becoming mainstream in Brazil, with 7.8% of the country’s population (about 16 million people) owning cryptocurrency. As a result, exchanges
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Holdings
Over 12,000 Brazil companies declare crypto holdings in record high
August figures released by Brazil's tax authority revealed over 12,000
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Brazil Registers Record Number of Institutions Declaring Cryptocurrency Holdings – News Bitcoin News
Brazil registered its highest number of companies and institutions declaring ownership of cryptocurrencies in August. The numbers, which come directly from the Brazilian Tax Authority (RFB), show that more and more institutions are eager to purchase cryptocurrency, and also indicate that the most significant volumes are moved using Tether’s stablecoin
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Stablecoin Issuer Tether Increases US Treasury Portfolio, Cuts Commercial Paper Holdings to Below $50M
The firm had said it plans to bring its commercial paper holdings to zero by the end of the year. Source
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Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
The great majority of exposures are bitcoin and ether or instruments based on those two currencies, the study said. The figures are dominated by services banks provide for others, such as custody, clearing, and market making. Only a handful of banks are fully involved in directly holding or lending crypto. Source
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Investors Withdraw ETH Holdings Despite Successful Ethereum Merge
Before the Ethereum merge event, some experts and investors predicted a fall in the price of Ethereum and hence traded cautiously. Popular
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Crypto Lending Company Celsius Files for Permission to Sell Its Stablecoin Holdings
Crypto lending firm Celsius Network, which is currently in Chapter 11 bankruptcy proceedings, has asked the court for authorization to sell its stablecoin holdings in order to generate liquidity to help fund its operations, according to new court filings. Source
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ETH whales move holdings onto exchanges before Merge
Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The Merge date is scheduled for Sept. 15, after the successful Goerli test net integration — the final test net merger before the
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USDC Whale Holdings Percentage Hits A Two-Year Low
The continuous price fluctuations in the crypto market considerably impact the Circle’s stablecoin, USD Coin (USDC). The recent performance of its whales’ addresses is making a more southern move. USD Coin records a drop of almost a two-year low in its primary wallet addresses. According to data from Glassnode, a crypto
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USDC whale holdings percentage lowest in almost two years
The percentage of USD Circle (USDC) stablecoins held by major wallet addresses dropped to its lowest point in almost two years as the cryptocurrency market downturn continues.Cryptocurrency analytics firm Glassnode has released the latest data on USDC metrics, reflecting a recent sell-off of the second biggest U.S. dollar-backed stablecoin by
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