Brazil’s Central Bank would implement an interest rate cut, currently at 15%, starting in March if the projected inflation rate for 2026 of 3.0 % is maintained.

During the recent meeting of the Monetary Policy Committee (Copom), in the last week of January, it was agreed to maintain rates at 15 %, the highest level in 20 years. The implementation of a cut next month will depend on whether the inflation forecasts hold true.

According to the Copom minutes, there is “a moderation in the pace of economic activity, consistent with the adjustment cycle, and an improvement in the behavior of food, energy, and service prices.”

However, it is noted that “the fiscal trajectory and the international scenario remain risk factors, especially due to recent market volatility and the persistence of high interest rates in advanced economies.”

The Brazilian economic outlook remains uncertain, awaiting developments in the price dynamics. The Copom will evaluate the possibility of easing interest rates at its next meeting, should the appropriate conditions arise.

M.Pino

Source: bancaynegocios

(Reference image source: rc.xyz NFT gallery on Unsplash)

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La entrada Brazil’s Central Bank to cut interest rates in March apareció primero en Bitfinance.

TikTok maintains a positive trend in Europe, with 200 million new users per month, becoming the entertainment platform and business ally in Europe.

Meanwhile, uncertainty prevails in the United States about its operation, which until now has had the approval of President Donald Trump through extensions to its operational deadline.

The Chinese video app is currently the preferred business tool for Europeans. The historic figure of more than 200 million monthly users on the continent is proof of this.

Regarding this number of users, “the figure corresponds to users from 32 countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, and the United Kingdom.”

According to Marlene Masure, General Manager of Content Operations for EMEA, the European community “is going from strength to strength, with more than 200 million people now regularly turning to TikTok for entertainment, learning new hobbies or skills, and earning a living.”

But it’s not just the number of users that is increasing; “the economic, cultural, and social impact that TikTok brings to the rich European ecosystem is also growing. On TikTok, ideas have become careers, passions have become viable businesses, and specific interests have become thriving communities.”

In fact, according to a study by Oxford Economics, SME activities on TikTok contributed €4.8 billion to the economies of countries such as Germany, France, Italy, the Netherlands, and Belgium, in addition to supporting more than 51,000 jobs.

TikTok’s level of penetration in Europe is also reflected in culture, sports, learning, and politics.

M.Pino

Source: marketing4ecommerce

(Reference image source: Olivier Bergeron on Unsplash)

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La entrada TikTok gains users in Europe amid uncertainty in the United States apareció primero en Bitfinance.

April 18 is the approximate date for the Bitcoin halving to occur. With this day approaching, investors are speculating about the price that the main cryptocurrency on the market could reach.

The halving is a known phenomenon, which occurs every four years, when it reaches 210,000 blocks and “the reward that miners receive for verifying transactions in the Bitcoin network is reduced by half.”

A few days before it happens, the debate is intensifying and investors’ expectations are deepening, given that in the processes of 2012, 2016 and 2020 the digital currency experienced notable growth in the subsequent months.

In any case, there is no obligatory correlation between the halving and the value of Bitcoin. Furthermore, the cryptocurrency started in 2024 with ups and downs. In January the price was $44,168; on March 14 it stood at 73,737 and current price of the virtual asset is USD 70,500.

Analysts are clear that the halving will have an impact on the price, although they do not know what it will be. Some are inclined towards a considerable increase, “others are more cautious and foresee a moderate impact or even a neutral scenario”, taking into account factors such as market volatility or global economic uncertainty.

M.Pino

Source: beincrypto

(Reference image source: Jakub Żerdzicki in Unsplash)

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La entrada Upcoming Bitcoin halving fuels speculation about its value apareció primero en Bitfinance.

The issuer of the stablecoin Tether has not provided a definitive answer on whether or not it will cease support for the Tron network, after rival Circle stopped minting its stablecoin on the blockchain on Tuesday.

In a statement, Tether stated: “Tether tokens are issued on several blockchains, which are simply transport layers for such tokens.” In addition, the company stated that it retains the ability to freeze transactions on each directly admitted transport layer in order to fulfil its compliance obligations.

However, Tether also actively monitors the security of each of the supported transport layers to ensure the highest standards for our community.

Tether is the largest stablecoin, with a market capitalization of USD 97.7 billion, while Circle’s USD Coin (USDC) remains at USD 28 billion, according to data from CoinGecko.

The Tron network hosts more than 51.8 billion USDT, which represents more than half of the nearly 101 billion USDT tokens issued across multiple blockchains, according to Tether’s transparency report dated February 21.

These comments from Tether came in response to an announcement from Circle on February 20, when the company revealed that it was immediately finalizing the minting of USDC on Tron and would phase out support for the network. Circle justified this decision by aligning it with “efforts to ensure that USDC remains reliable, transparent and secure.

K. Tovar

Source: Cointelegraph

(Reference image source: @PelehSergii, X)

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La entrada Tether has not yet confirmed whether he will leave the Tron network apareció primero en Bitfinance.

The consumer confidence index in the United States registered a drop in May, going from 103.7 points in April to 102.3 points in the fifth month of the year.

The main reason for the drop in the consumer confidence index is a combination of elements, including the prevailing uncertainty in the business market, debt, and the labor market, among others.

Consumers show a pessimistic perspective regarding the situation of the domestic market. This has affected the expectations index, “based on consumers’ near-term outlook on income, business and labor market conditions, it has fallen to 71.5 from 71.7 in April.”

Regarding inflation expectations, a sensitive issue not only for the United States but for the entire continent, consumers believe that it will continue to rise. Added to this is the fear triggered by the recent cases of bank failures that have shaken the country’s financial system.

In this regard, analysts at Pantheon Macroeconomics have pointed out: “Real consumption will be much weaker and the expectations index will sink further as the full effects of the recent bank failures become more evident. In particular, the reduced availability and the higher cost of consumer credit, as banks focus on generating liquidity rather than expanding their loan portfolios.”

M.Pino

Source: Bolsamania

(Reference image source: Hobi industri, Unsplash)

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La entrada Consumer confidence index in the United States fell in May apareció primero en Bitfinance.

At the end of the fifth edition of the Business Council Alliance for Ibero-America Congress (Ceapi in Spanish), held in the Dominican Republic from June 1st to 2, Ibero-American businessmen have committed to building a more sustainable, entrepreneurial and connected region.

During the meeting, the 300 business leaders who participated in the event addressed the role of the Ibero-American region in the new world economy and the current context. Among the participants in the meeting were the executive president of Inicia, Felipe Vicini; the president of the Gilinski Group, Jaime Gilinski, or the Ibero-American secretary general, Andrés Allamand and the president of the Dominican Republic Luis Abinader as host.

The reunion made it possible to analyze the potential of the region as a future center “of renewable energies or the general role of the region in the current scenario of uncertainty”. Andrés Allamand highlighted “the importance of preparing for the future, first by creating a pro-growth environment and, subsequently, by improving governance and guaranteeing social peace.”

Ito Bisonó, Dominican Minister of Industry and Commerce, emphasized the importance of Ceapi as a mechanism for “exchange between businessmen and institutions for the social, economic and financial stability of the region, as well as the role of the Dominican Republic as a lever of growth for Ibero-America in the coming decades

Business challenges for Ibero-America

The businessmen and senior executives who participated in the meeting prepared a document where they recorded the objectives and challenges of the business sector over the next few years, reflecting the commitment to the future of Ibero-America.

Among the aspects formalized in the document, the following stand out:

• The need to maintain a united Ibero-America
• Direct the region towards a “sustained and sustainable growth and focused on innovation, digitization and entrepreneurship.
• Maintain and deepen public-private cooperation in key sectors of the economy
• Recognize the social responsibility of companies in a scenario of increased poverty and inequality.

M. Rodríguez

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Source: ideal.es

La entrada Entrepreneurs will turn Ibero-America into a more sustainable region apareció primero en Bitfinance.

Enthusiasts of the cryptographic system in Mexico participated in the Fintech Law and the Role of Regulators of the Bitcoin Forum, organized by the Senate. They highlighted that mistrust, ignorance and uncertainty are the aspects that have prevented the country from having a regulatory framework dedicated to cryptocurrencies and the entire ecosystem, which creates a gap between society and the new digital economy.

The accountant and fan of Bitcoin, Vanessa Solís Caballero, expressed that “Mexican regulators are afraid that a regulatory framework threatens or harms in some way the financial system of that country, something that does not necessarily happen.” But, in her opinion, there are “examples that a regulation may or may not damage the financial system.”

According to Solís, in Mexico “there is ignorance, fear, uncertainty, and that is why distance is created. “But there are countries that, without the need to compromise the financial system, have created regulatory frameworks.”

Solís admits that there are different legislative documents that address the issue of taxes. But she points out that “there is nothing clear about the use of cryptocurrencies” and citizens require clear regulations that congratulate the management and operation of digital assets.

“We are in an area of ​​uncertainty, and we need certainty, and that is going to be provided by the laws, making everyone apply them. We are fans of decentralization. But the people who are doing things right, who are not laundering money and are using the assets to improve transactions by taking advantage of technology, want to regularize themselves, but they don’t know how,” the accountant highlighted.

Regulation must be systematic

Another of the panelists who participated in the forum was the lawyer Rebeca Álvarez, director of the Loxical law firm, dedicated to new technologies, who recommended that the regulation of digital currencies in Mexico should be “systematic” and in her opinion the project of “Fintech law does not cover the entire cryptographic spectrum, so it is insufficient.”

Álvarez described the legislation as “paternalistic” because it is based on the protection of users over companies or legal institutions that operate cryptocurrencies in order to avoid “risks for people who use new technologies to pay and consume.”

The lawyer considers it of great importance that the authorities get involved in the discussion about the regulation of the cryptographic ecosystem in general that allows legislators to create confidence in this type of technology. “It is important that there are legislators, the public sector, that there are judges, without these three elements, the Mexican legal system cannot function,” she stressed.

According to Álvarez, it is necessary to define “clear, broad, flexible concepts that are in accordance with business models focused on cryptocurrencies” and I urge legislators to participate in a “dialogue to generate trust in this technology.”

M. Rodríguez

Source: criptoides.com

La entrada Ignorance affects crypto regulation in Mexico apareció primero en Bitfinance.

Bitcoin (BTC) and other cryptocurrencies registered a drop in their prices this Tuesday, February 22, due to the increase in tensions between Ukraine and Russia, that caused uncertainty in the stock markets.

Some analysts consider that the “increased tensions between these two countries caused the fall of cryptocurrencies” and the loss of interest of investors due to the risks that the current geopolitical problem means.

Chris Dick, quant trader at London-based crypto market creator B2C2, explained “Bitcoin and cryptocurrencies in general moved in lockstep with Asian stock indices overnight” on Tuesday.

According to Dick, a sell-off first occurred when the Russian president “announced that he would order troops into the Ukraine,” then a “recovery occurred as the market processed the headlines.”

The fluctuations in crypto market

Cryptocurrencies are characterized by their uncertainty and in recent weeks different fluctuations have been recorded. The most important virtual currency, Bitcoin, plummeted to its lowest level in the last two weeks, reaching as low as 36,370 dollars, while Ethereum (ETH) and XRP registered falls of 4 % and 10 %, respectively.

In the morning hours, Bitcoin was trading above $37,000, with losses of around 1.8 %, while Ether reached $2,600, accumulating a drop of approximately 1.6 %.

As will be remembered, Bitcoin achieved a record price in November 2021 when it exceeded 68,000 dollars, but then it collapsed and although there are mixed opinions regarding the recovery of its historical level, Du Jun, co-founder of the Huobi crypto exchange, considers that there are few probabilities for “the cryptocurrency to recover those levels soon, he believes that this would be in 2024 or later.”

M. Rodríguez

Source: valoranalitik.com

La entrada Cryptocurrencies fall due to Ukraine-Russia tensions apareció primero en Bitfinance.

The Bitcoin Law enters into force today in El Salvador to adopt cryptocurrency as a means of legal exchange in the Central American country. A range of economic possibilities opens up for Salvadoran citizens and for the economy in general, without neglecting controversies and positions contrary to the measure.

The president of the nation, Nayib Bukele, has been active since the early hours through his account on the social network Twitter, due to the entry into force of the legal course of bitcoin in El Salvador.

He has made reference to the benefits for the country of the adoption of this cryptocurrency for commercial transactions, making mention of the Chivo wallet, the availability for Apple, Google and Huawei, among others.

The comments and congratulations to the country for this step towards the adoption of cryptocurrencies have not been long in coming, as is the case with the crypto exchange Binance.

Welcome to #Bitcoin, El Salvador. pic.twitter.com/OYpBzpzQ9d

— Binance (@binance) September 7, 2021

The entry into force of bitcoin as a legal tender in El Salvador is the first step in a process of insertion in the fintech universe, where the country is a pioneer. The road ahead is just beginning; the cards are on the table and the progressive adjustment of this measure to the daily life of Salvadorans is expected.

M. Pino

With information from international media and social networks

La entrada Bitcoin is legal currency in El Salvador apareció primero en Bitfinance.