Brazil's largest investment bank, BTG Pactual, launches crypto trading platform
Available since Monday, the platform, called Mynt, allows users to trade BTC, ETH, SOL, DOT and ADA with a minimum investment of 100 Brazilian reals, equivalent to $19.42.
“Cryptocurrencies are a new technology with great potential for transformation, bringing with it risks and opportunities. Entering the cryptocurrency universe is another important step in meeting a demand from our clients and filling a gap in the market," André Portilho, head of digital assets at BTG Pactual, said in a statement.
In September, BTG Pactual announced that it would release Mynt in the fourth quarter of 2021 with access to BTC and ETH.
In April 2019, the bank issued its ReitBZ security token, while in April 2021 it launched a bitcoin fund, the first managed by a financial institution in Brazil. A month later, it opened a fund based on ether.
Also on Monday, XP, the largest Brazilian brokerage by market value, launched a crypto trading platform allowing users to invest in BTC and ETH.
Available since Monday, the platform, called Mynt, allows users to trade BTC, ETH, SOL, DOT and ADA with a minimum investment of 100 Brazilian reals, equivalent to $19.42.
“Cryptocurrencies are a new technology with great potential for transformation, bringing with it risks and opportunities. Entering the cryptocurrency universe is another important step in meeting a demand from our clients and filling a gap in the market," André Portilho, head of digital assets at BTG Pactual, said in a statement.
In September, BTG Pactual announced that it would release Mynt in the fourth quarter of 2021 with access to BTC and ETH.
In April 2019, the bank issued its ReitBZ security token, while in April 2021 it launched a bitcoin fund, the first managed by a financial institution in Brazil. A month later, it opened a fund based on ether.
Also on Monday, XP, the largest Brazilian brokerage by market value, launched a crypto trading platform allowing users to invest in BTC and ETH.
Coindesk
Brazil's Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform
Called Mynt, the product allows customers to trade bitcoin, ether, solana, polkadot and cardano.
TSMC's 3-nanometer process, N3, will be in mass production in September, with over 1,000 wafer starts per month in the 4th quarter, media report, citing equipment vendors. Yields are expected to be better than the start of TSMC's 5nm process, N5.
TSMC's N3E will be in mass production in the 2nd half of 2023, for major customers Apple and Intel, the report says. The main applications for N3 initially will be HPC (high performance computing) and smartphone chips.
The report includes this timeline for TSMC's N3 family: with N3 this year, N3E in 2023 (2nd half), N3P in 2024 and N3X in 2025. N2 production will begin in 2025.
TSMC's N3E will be in mass production in the 2nd half of 2023, for major customers Apple and Intel, the report says. The main applications for N3 initially will be HPC (high performance computing) and smartphone chips.
The report includes this timeline for TSMC's N3 family: with N3 this year, N3E in 2023 (2nd half), N3P in 2024 and N3X in 2025. N2 production will begin in 2025.
Longevity Science Foundation announced collaboration with renowned digital artist Nikita Replyanski for the first season of NFT collection, Longevity Volumes.
Nikita’s work will explore the concept of human longevity and living longer lives. NFT collection will help share longevity with a broader audience and support our work funding groundbreaking research in the field.
Read the full announcement here
https://longevity.foundation/tpost/7h4z2j3lp1-nikita-replyanski-x-the-longevity-scienc
Visit the collection website here:
https://art.longevity.foundation/
Nikita’s work will explore the concept of human longevity and living longer lives. NFT collection will help share longevity with a broader audience and support our work funding groundbreaking research in the field.
Read the full announcement here
https://longevity.foundation/tpost/7h4z2j3lp1-nikita-replyanski-x-the-longevity-scienc
Visit the collection website here:
https://art.longevity.foundation/
longevity.foundation
Nikita Replyanski x the Longevity Science Foundation
Announcing our First NFT Artist Collaboration.
Meanwhile at the FDA: AI and ‘Breakthrough’ Medical Devices
The FDA’s ‘breakthrough’ medical devices are finally hitting the market in numbers. Some 700 innovative products were labeled as 'breakthroughs' in development and a tally of 54 products have now earned authorization.
A device is labeled a breakthrough when the FDA believes it has the potential to provide "more effective" treatment for diagnosis or diagnosis for deadly and debilitating conditions.
For current updates, see STAT's Breakthrough Device Tracker, a tool that details the devices, conditions, clinical areas, manufacturers, market pathways, and authorization statuses.
Embrace, for example, is one device on the Breakthrough Device Tracker list. It is indicated for use as an adjunct to seizure monitoring of adults. The device is worn on the wrist and senses electrodermal activity (EDA) and motion data to detect patterns associated with generalized tonic clonic seizures in patients with epilepsy or at-risk of having epilepsy. When a seizure is detected, Embrace sends a command to a paired wireless device that is programmed to initiate an alert to a designated caregiver. The system records and stores data from accelerometers, EDA, and temperature for subsequent review by a trained healthcare professional.
The FDA’s ‘breakthrough’ medical devices are finally hitting the market in numbers. Some 700 innovative products were labeled as 'breakthroughs' in development and a tally of 54 products have now earned authorization.
A device is labeled a breakthrough when the FDA believes it has the potential to provide "more effective" treatment for diagnosis or diagnosis for deadly and debilitating conditions.
For current updates, see STAT's Breakthrough Device Tracker, a tool that details the devices, conditions, clinical areas, manufacturers, market pathways, and authorization statuses.
Embrace, for example, is one device on the Breakthrough Device Tracker list. It is indicated for use as an adjunct to seizure monitoring of adults. The device is worn on the wrist and senses electrodermal activity (EDA) and motion data to detect patterns associated with generalized tonic clonic seizures in patients with epilepsy or at-risk of having epilepsy. When a seizure is detected, Embrace sends a command to a paired wireless device that is programmed to initiate an alert to a designated caregiver. The system records and stores data from accelerometers, EDA, and temperature for subsequent review by a trained healthcare professional.
Capitol Records has signed an AI-powered virtual rapper named FN MEKA
Capitol Records claims FN MEKA is the "No.1 virtual being" on TikTok, eyeing his 10 million followers on the platform, and says he's the first "AR artist" to sign with a major label.
We are living in a BrassEye world...
Capitol Records claims FN MEKA is the "No.1 virtual being" on TikTok, eyeing his 10 million followers on the platform, and says he's the first "AR artist" to sign with a major label.
We are living in a BrassEye world...
DJ Mag
An AI-powered virtual rapper, FN MEKA, has been signed to Capitol Records
The "robot rapper" has more than 10 million followers on TikTok and has already released his first major label single
The Greens in the EU Parliament seek to introduce crypto capital limits for banks - exposure to class 2 (unbacked) crypto-assets should not exceed 1% of Tier 1 capital.
Don't think the EU will end up anticipating the (similar) BCBS standards though.
Don't think the EU will end up anticipating the (similar) BCBS standards though.
CoinDesk
EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
Lawmakers of the European Green Party want to anticipate international standards by legislating hefty capital requirements for lenders now.
And a lot of projects planning IPFS based DeFi frontends to improve censorship resistance.
Frontends are not the weak-point IMHO.
Maybe we just discovered that global shared state world computers running on decentralized transport layers (blockchains) aren't sustainable.
Frontends are not the weak-point IMHO.
Maybe we just discovered that global shared state world computers running on decentralized transport layers (blockchains) aren't sustainable.
⚡️Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees
The Merge will still reduce the network's energy consumption by an estimated 99.5%.
According to a new clarification by the Ethereum Foundation on Wednesday, the network's upcoming proof-of-stake transitory upgrade — dubbed the "Merge," — will not reduce gas fees. Regarding this, the Ethereum Foundation wrote:
"Gas fees are a product of network demand relative to the network's capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput."
The Merge, which seeks to join the existing execution layer of the Ethereum mainnet with its new proof-of-stake consensus layer, the Beacon Chain, will eliminate the need for energy-intensive mining. It is expected to land within the third or final quarter of 2022.
While many investors and traders alike have bought Ether in anticipation of the Merge upgrade, some appear to have done so under misconceptions that the network's capacity will surge once the upgrade is live.
For starters, anyone is free to sync their own self-verified copy of Ethereum or to run a node, with no initial Ether staking requirements.
With regard to staking, it is not possible to withdraw staked Ether until the following Shanghai upgrade goes live. Though, liquid ETH rewards in the form of fee tips will be available immediately. Validator withdrawals, once live, will be rate-limited to prevent a potential liquidity crisis.
Transactions will also not be noticeably faster after the Merge. However, post-Merge APR yields on the network are expected to increase by 50% compared to now to attract capital. Client developers are currently working on a tentative deadline of Sept. 19 to complete the Merge, which is designed for zero downtime during the transition.
The Merge will still reduce the network's energy consumption by an estimated 99.5%.
According to a new clarification by the Ethereum Foundation on Wednesday, the network's upcoming proof-of-stake transitory upgrade — dubbed the "Merge," — will not reduce gas fees. Regarding this, the Ethereum Foundation wrote:
"Gas fees are a product of network demand relative to the network's capacity. The Merge deprecates the use of proof-of-work, transitioning to proof-of-stake for consensus, but does not significantly change any parameters that directly influence network capacity or throughput."
The Merge, which seeks to join the existing execution layer of the Ethereum mainnet with its new proof-of-stake consensus layer, the Beacon Chain, will eliminate the need for energy-intensive mining. It is expected to land within the third or final quarter of 2022.
While many investors and traders alike have bought Ether in anticipation of the Merge upgrade, some appear to have done so under misconceptions that the network's capacity will surge once the upgrade is live.
For starters, anyone is free to sync their own self-verified copy of Ethereum or to run a node, with no initial Ether staking requirements.
With regard to staking, it is not possible to withdraw staked Ether until the following Shanghai upgrade goes live. Though, liquid ETH rewards in the form of fee tips will be available immediately. Validator withdrawals, once live, will be rate-limited to prevent a potential liquidity crisis.
Transactions will also not be noticeably faster after the Merge. However, post-Merge APR yields on the network are expected to increase by 50% compared to now to attract capital. Client developers are currently working on a tentative deadline of Sept. 19 to complete the Merge, which is designed for zero downtime during the transition.
ethereum.org
The Merge | ethereum.org
Learn about The Merge - when Mainnet Ethereum adopted proof-of-stake.
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Coinbase CEO: Coinbase could shut down ETH staking under regulatory threat to preserve the network's integrity
Why & How US and China VC are diverging, by Li Feng from FreeS, as translated by Jiang Jiang
First, take a look at what folks are investing in in the two countries -
China's VC is going deeper into the real economy while the US is going deeper into the financial economy.
The American and Chinese economies are just structurally different.See below the breakdown of GDP contribution from primary, secondary and tertiary sectors.US is 80% services, China just barely over half.
This structural difference = diff investment theses
e.g.Synthetic biology:In China,these investments are mainly used in the chemical industry,vs. biopharmaceuticals in the US.
e.g.Robots:US invests in surgical robots (huge healthcare sector) vs.China in industrial robots.
Tech also developed differently. In the US, software was applied to mature industries, vs in China, they often developed in tandem, ie retail & internet together. Thus in China, some of these platform cos aren't tools or 2.0 versions, they ARE the industry ie Alibaba.
First, take a look at what folks are investing in in the two countries -
China's VC is going deeper into the real economy while the US is going deeper into the financial economy.
The American and Chinese economies are just structurally different.See below the breakdown of GDP contribution from primary, secondary and tertiary sectors.US is 80% services, China just barely over half.
This structural difference = diff investment theses
e.g.Synthetic biology:In China,these investments are mainly used in the chemical industry,vs. biopharmaceuticals in the US.
e.g.Robots:US invests in surgical robots (huge healthcare sector) vs.China in industrial robots.
Tech also developed differently. In the US, software was applied to mature industries, vs in China, they often developed in tandem, ie retail & internet together. Thus in China, some of these platform cos aren't tools or 2.0 versions, they ARE the industry ie Alibaba.
Consumers can now pay for gasoline with crypto at 175 OTR service stations across Australia
The move is part of a collaboration between OTR, Singapore-based exchange Crypto.com and DataMesh, a Sydney-based payment systems provider.
The exchange has provided its Pay Merchant service as a payment settlement layer, while Datamesh has provided the point of sale terminals.
While 175 OTR stores have initially been outfitted with the infrastructure, the crypto payments service is operationally ready to scale much further.
Adding to the 175 stores, OTR’s parent company Peregrine Corp intends to roll out the crypto payments service to another 250 retail sites across the country such as Subway, Oporto and Krispy Kreme.
Crypto.com charges zero fees on the transactions in this context.
The move is part of a collaboration between OTR, Singapore-based exchange Crypto.com and DataMesh, a Sydney-based payment systems provider.
The exchange has provided its Pay Merchant service as a payment settlement layer, while Datamesh has provided the point of sale terminals.
While 175 OTR stores have initially been outfitted with the infrastructure, the crypto payments service is operationally ready to scale much further.
Adding to the 175 stores, OTR’s parent company Peregrine Corp intends to roll out the crypto payments service to another 250 retail sites across the country such as Subway, Oporto and Krispy Kreme.
Crypto.com charges zero fees on the transactions in this context.
Cointelegraph
Aussie convenience store giant to accept crypto at 170 outlets
Australian shoppers can soon use crypto to pay for fuel and food with OTR announcing it will accept Bitcoin, Ethereum and over 30 other cryptocurrencies as payment come July.
Today, Tether made available its latest quarterly assurance opinion
You can read the latest assurance opinion and the Consolidated Reserves Report here.
The Management of the Company asserts the following as of 30 June 2022:
• The Group’s consolidated total assets amount to at least US$ 66,409,619,424.
• The Group’s consolidated total liabilities amount to US$66,218,725,778, of which US$ 66, 204,234,509 relates to digital tokens issued.
• The Group’s consolidated assets exceed its consolidated liabilities.
• The total gross consolidated contractual redemption value related to all digital tokens issued, including those held by the Group is equal to US$ 66,430,393,253.
• The consolidated amount related to digital tokens held by the Group but not in its treasury wallet is equal to US$ 226,158,744.
The latest report also shows that the average rating of commercial paper and certificates of deposit has improved and continued to range from A-1 to A-2.
You can read the latest assurance opinion and the Consolidated Reserves Report here.
The Management of the Company asserts the following as of 30 June 2022:
• The Group’s consolidated total assets amount to at least US$ 66,409,619,424.
• The Group’s consolidated total liabilities amount to US$66,218,725,778, of which US$ 66, 204,234,509 relates to digital tokens issued.
• The Group’s consolidated assets exceed its consolidated liabilities.
• The total gross consolidated contractual redemption value related to all digital tokens issued, including those held by the Group is equal to US$ 66,430,393,253.
• The consolidated amount related to digital tokens held by the Group but not in its treasury wallet is equal to US$ 226,158,744.
The latest report also shows that the average rating of commercial paper and certificates of deposit has improved and continued to range from A-1 to A-2.
⚡️FDIC issues cease-and-desist letters to five companies, including FTX, for false and misleading claims
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Hi from Reading👋
Shot on our Ray - Ban stories 😎
Shot on our Ray - Ban stories 😎
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Vitalik Buterin on what to build next. He says to build ZK apps. On examples of ZK apps — privacy preserving PoH etc.
#ETHMEXICO
#ETHMEXICO