Brazil is opening the doors to Latin investors to the DeFi ecosystem, with the approval of the first ETF focused on decentralized finance in the country and the region. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Brazil continues to lead cryptocurrency investment with Latin America's first DeFi-focused ETF. The Hashdex fund management company announced the launch of a new exchange-traded fund (ETF) focused on the cryptocurrency industry. As reported by the company, it is the first DeFi ETF in the country and the region. Through this new investment product, Hashdex will allow its investors to expose themselves to the opportunities of the DeFi ecosystem in a regulated and secure manner. The ETF, under the symbol DEFI11, was approved in Brazil and is listed on the B3 stock exchange as of this Wednesday.
Marcelo Sampaio, CEO of Hashdex, stated that he is confident in the innovative and disruptive potential of DeF to grow exponentially and play an important role in the financial sector of the future. “By offering the world’s first DeFi ETF, we give our global investors the ability to play a role in the next evolution of the crypto ecosystem.”he said.
📍The United States records the highest level of Bitcoin activity in trading hours. A study conducted by the analysis firm Arcane Research indicates that the highest volume of activity in the Bitcoin blockchain is recorded in the United States, during market trading hours, between 3:00 p.m. and 9:00 p.m. . The firm detailed that Bitcoin activity levels in the country have increased since the end of last year.
DeFi, NFT and Metaverse
📍Türkiye holds its first political meeting in the Metaverse. Members of the Turkish Grand National Assembly (TBMM), as the country's parliament is known, met on Monday to discuss various topics related to cryptocurrencies, such as the regulation of these digital assets, through avatars in the Metaverse. .
📍The Pangolin protocol is creating super farms to transform the Avalanche DeFi ecosystem this year. According to reported the protocol developers DeFi, based on the Avalanche blockchain, Pangolin will create new “Super Farms” that allow users to enjoy a new experience DEX from the protocol. The Super Farms from Pangolin will integrate a new DeFi Yield Farming model that will allow users to receive liquidity mining incentives simultaneously. Within the super farms, users will be able to earn PNG and 10 other tokens from different projects at the same time.
CBDC and Central Banks
📍The Central Bank of Iran plans to start testing for a CBDC this year. Mehran Moharamian, deputy governor of IT Affairs at the bank, reported that the central entity could begin pilot tests for the development of a CBDC own this year. Iran's digital currency, which is based on the Hyperledger Fabric blockchain, will boost the automation of payments in the country. Moharamian highlighted that cryptocurrencies have been presented as an effective solution for governments to resolve inconsistencies and decentralize resources.
Technology
📍Opera launches its web browser focused on cryptocurrencies and Web3. Crypto Browser is the new release from Opera that will help cryptocurrency users natively navigate dapps, gaming apps, blockchain metaverses, and the Web3. The Norway-based company reported that Crypto Browser is now available in beta and will help users explore and connect to the crypto space easily and securely.
Strategic investments
📍Andreessen Horowitz invests in Africa's leading game publisher, Carry1st. Andreessen Horowitz and other major investors, including Riot Games, Konvoy Ventures, Avenir, Google and the founders of Axie Infinity, Yield Guild Games and Chipper Cash, participated in a financing round held by Carry1st, in which it raised $20 million. According to the digital games publisher, which has more than 1 million active users, the funds will be used to expand its business to attract tens of millions of new players to its ecosystem. Carry1st will expand its team and create new strategies to expand its digital games focusing on the trend of Play to Earn games.
Carry1st investors note that Africa's growth and expansion potential in the digital gaming industry could make the continent the go-to hub in the next 5 to 10 years. “The African continent is in the midst of a massive generational change and, with it, a technological revolution”said Andreessen Horowitz.
Continue reading: Huobi Ventures acquires tens of millions of B2M, Bit2Me's native token
