In a turn that would make even Bertie Wooster blush, Brazil has decided to put the kibosh on cryptocurrencies in its international payment circus. The move, dubbed the “eFX Hardening” (no, we didn’t consult the Royal Navy), sees the central bank stepping up the regulation and the security, and tightening its grip like a well‑fitted waistcoat.
The report further reveals that Tether’s excess reserves have soared to an all-time high of £8.23 billion, a figure so grand it could fund a season in Bath and still leave enough for a new barouche. One can only imagine the smug satisfaction of Tether’s proprietors, no doubt sipping their tea with an air of quiet triumph.
So, Tether, the stablecoin giant, is basically the Beyoncé of crypto – making billions while the rest of us are just trying to pay rent. Their Q1 profit was $1.04 billion, and their excess reserves are now $8.23 billion. That’s a lot of zeroes, folks. And no, they didn’t share last year’s numbers. Probably because they’re too busy counting their $10 billion from 2025. Casual.
Sen. Bernie Moreno (R-Ohio) led the charge, because apparently he’s the only one who read the room. His resolution bars senators and staff from using prediction markets, and it’s already in effect. No more betting on whether the president will wear a red tie tomorrow. What a shame.
During his speech, Garlinghouse expressed amusement and bewilderment at the criticism suggesting Ripple isn’t dedicated to XRP, pointing out the company’s significant investment in the asset and its use in developing products focused on making XRP easily available, useful, and trustworthy.
According to Gate’s spot data, BTC/USDT is currently at $78,004, up 2.15% in the last 24 hours. Big whoop. Next.
Brazil Central Bank Bans Crypto for Cross-Border Transfers Under New eFX Rules Brazil’s central bank has released new rules for international payments, effectively prohibiting the use of cryptocurrencies for sending money across borders. All international transfers must now go through official foreign exchange channels or regulated bank accounts. This change gives the government more control … Read more
Sundar Pichai explained to Time magazine that these AI assistants can manage tasks like sorting through emails, arranging schedules, and keeping track of things you’re interested in. He also mentioned that Google has been developing this type of AI for several years.
The whole thing began when a comment, which had gained a viral onslaught of memes and comment threads, challenged a little-known and, to many, inscrutable valuation method championed by Chris Burniske. The method uses variables like supply and velocity-you know, the sort of economic jargon more often heard in boardroom meetings than in a New York deli.
A decree from the Federal Trade Commission, more twisted than a snowstruck horse, announces that Mashinsky may no longer make any ill‑fated pitch, sly advert, or mystical promise about digital currencies. The word “permanently” hangs heavy, like a stone on a quiet lake.