Skip to main content

Featured Story

MadWorld: A New Era in Mobile Gaming Experience

MadWorld: The Future of Mobile Gaming in a Post-Apocalyptic World The gaming landscape is on the precipice of a revolution, especially as the lines blur between traditional game mechanics and blockchain technology. MadWorld , a post-apocalyptic shooter for iOS and Android, recently opened registrations for its early access playtest, marking a significant step in the evolution of mobile gaming. The game promises to integrate NFT-based territory control elements, giving players a chance to engage in a unique blend of competitive shooting and strategic land management. You can find more about the game here . Significant Backing and Funding The studio behind MadWorld, Carbonated Inc. , has garnered attention not only for its groundbreaking gameplay but also for its financial muscle. Recently, the company announced a successful $13 million Series A funding round led by the South Korean gaming giant Com2uS , known for the XPLA blockchain network that powers the game’s on-chain featur...

B3 to Launch Night Trading Sessions with Bitcoin ETFs and Ibovespa Futures: A Game-Changer in Brazil's Financial Markets

Brazil's main stock exchange, B3, is set to introduce night trading sessions later this year, featuring Bitcoin ETFs and Ibovespa futures. This move comes in response to the growing demand from individual investors for more flexible trading options. Extending trading hours until 9:45 PM local time will allow investors to engage in trading activities outside of regular market hours, catering to those who prefer to trade at the end of the day. The inclusion of Bitcoin ETFs and Ibovespa ETFs, which mirror the U.S. S&P 500, demonstrates B3's commitment to providing a diverse range of investment opportunities.

Testing the Waters

  • B3 President, Gilson Finkelsztain, highlighted the perceived pent up demand for night trading sessions during a recent press conference.
  • Finkelsztain emphasized that this initiative is a test to evaluate its impact on costs, risks, and liquidity.
  • The potential extension of normal trading sessions by an additional hour indicates B3's strategic goal to enhance liquidity further.

Brazil's Financial Evolution

  • Brazil has been at the forefront of cryptocurrency adoption, boasting the most crypto ETFs in the Americas.
  • The approval of Brazil's first crypto ETF, HASH11, in 2021 set a precedent in the region, showcasing the country's progressive approach to digital assets.
  • In comparison, the United States only recently approved its first spot Bitcoin ETF in January 2023, with no current applications for spot crypto ETFs featuring alternative cryptocurrencies.

Embracing Digital Innovation

  • The integration of digital assets into traditional financial structures is gaining momentum in Brazil.
  • Major Brazilian banks and brokers are actively exploring blockchain and crypto-oriented business models.
  • Institutions like Itaú, Brazil's largest private bank, and Nubank, the country's largest digital bank, are venturing into tokenized assets and native cryptocurrencies like Nucoin.

In conclusion, B3's decision to introduce night trading sessions with Bitcoin ETFs and Ibovespa futures reflects a broader shift in Brazil's financial landscape towards embracing digital assets. With increasing interest in cryptocurrency and innovative financial solutions, Brazil is positioning itself as a leader in the digital economy, setting the stage for further advancements in the sector.

Comments

Trending Stories