BTC $79,189.92 -1.00%
ETH $2,492.17 -0.75%
BNB $739.76 -1.68%
XRP $1.40 -1.76%
SOL $103.85 -2.05%
TRX $0.3343 -0.47%
DOGE $0.0905 +0.27%
ADA $0.2207 -0.47%
BCH $261.20 +1.10%
LINK $12.79 -3.42%
HYPE $85.19 -3.34%
AAVE $132.54 -1.38%
SUI $0.8295 +2.27%
XLM $0.1925 +3.74%
ZEC $1,156.20 -5.06%
BTC $79,189.92 -1.00%
ETH $2,492.17 -0.75%
BNB $739.76 -1.68%
XRP $1.40 -1.76%
SOL $103.85 -2.05%
TRX $0.3343 -0.47%
DOGE $0.0905 +0.27%
ADA $0.2207 -0.47%
BCH $261.20 +1.10%
LINK $12.79 -3.42%
HYPE $85.19 -3.34%
AAVE $132.54 -1.38%
SUI $0.8295 +2.27%
XLM $0.1925 +3.74%
ZEC $1,156.20 -5.06%

w

All
Article
Flash

first_img Brazilian Bank Expands Cryptocurrency Services, Regulatory Framework Takes Shape

Brazilian banks are expanding their cryptocurrency services for customers. According to Folha de S.Paulo, Brazil's largest asset management bank, Itaú, now offers 15 types of cryptocurrencies, including Bitcoin, Ethereum, and the US dollar stablecoin USDC, through its investment app. Brazil's largest fintech company, Nubank, has listed 28 types, and Banco do Brasil, the most profitable state-owned bank in Brazil, has seen transaction volumes exceed 11 million reais (approximately 2.1 million USD) since launching direct purchase services for Bitcoin and Ethereum in January of this year.However, customer cryptocurrency transactions have not entered the banks' balance sheets. A document from the central bank dated March 2026 shows that Brazilian banks hold zero virtual assets on their books. Over the past year, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their cryptocurrency product lines, while the Brazilian cryptocurrency market has also reached record sizes. According to data from the Brazilian Federal Revenue Service, Receita Federal, Brazilians transferred 505.5 billion reais (approximately 98.7 billion USD) through cryptocurrencies in 2025, more than five times that of 2020, with corporate transactions accounting for 98.3%.This move by banks coincides with the implementation of regulations. In 2022, Brazil passed the "Virtual Asset Legal Framework," granting regulatory authority to the central bank. Three resolutions issued in November 2025 require any institution allowing customers to trade, hold, or send cryptocurrencies to obtain a license, meet minimum capital requirements, and segregate customer accounts, with a compliance deadline of October 30, 2026.

first_img Harmony proposed to shut down the blockchain and migrate the ONE token to Ethereum

The Layer 1 blockchain Harmony, once a major competitor to Ethereum, proposed to shut down its mainnet on Sunday, citing threats from AI entities and nation-state actors as too severe. The Harmony team stated on X that since the mainnet launched in 2019, the community has experienced multiple attacks and transformations, and now it is time to completely discontinue the Harmony network. To mitigate the threats, the team proposed migrating the ONE token to Ethereum and redirecting the issuance of newly minted tokens to its new initiative "The Remix Economy for AI Video."According to the proposal, the migration will determine the allocation of alternative tokens received by each holder on Ethereum based on the ONE balance recorded at the final block of the network (i.e., a snapshot), covering wallets, staked tokens, validator rewards, smart contracts, and centralized exchanges. The alternative tokens will be airdropped to the same wallet address on Ethereum, and exchanges will also migrate to the new tokens. Although the proposal states that holders do not need to submit a claim, multi-signature vaults, liquidity pools, and on-chain applications cannot be migrated, and users are urged to exit all smart contracts by September 10, 2026. Harmony also proposed to pay eligible validators and their delegators in four installments from a pool of $1.372 million, provided that validators maintain their stakes, sign agreements, and serve governance roles.This migration proposal is the latest case of blockchain networks facing increased scrutiny due to attacks. In August of this year, Harmony confirmed it was attacked, with the attackers creating approximately 4 billion unauthorized ONE tokens, prompting the team to release a patch and consider a rollback.
app_icon
ChainCatcher Building the Web3 world with innovations.