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AI can spot patients at risk for suicide, finds study – ETCIO

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Botanical Medicine Reduces Rectal Cancer Treatment Side Effects That Can Sideline Surgeries – Yale School of Medicine

INFORMATION FOR
Ancient Chinese traditional medicine significantly reduces the side effects of rectal cancer treatments that, in some patients, can be so toxic that treatment must be paused, or stopped, which diminishes its effectiveness. The positive news about the botanical medicine results from a new study led by Yale Cancer Center (YCC) researchers at Yale School of Medicine (YSM) that was published in the Journal of Gastrointestinal Oncology on June 30.
In the study, patients who took YIV-906, an herbal medicine pill, saw a significant reduction in gastrointestinal (GI) side effects—including severe diarrhea, fatigue, and nausea—from chemotherapy and radiation. Chemo-radiation typically is given prior to surgery to shrink tumors and if the regime cannot be tolerated the surgery can be delayed or canceled completely.
Co-author of the study, Yung-Chi Cheng, PhD, who is the Henry Bronson Professor of Pharmacology at the Yale School of Medicine, helped develop YIV-906 and also led the first international clinical trial a few years ago.
“YIV-906 is a botanical complex mixture, which has been historically used in patients with GI disorders,” Cheng said. “This study is the first demonstration of YIV-906’s effectiveness in reducing GI toxicity caused by chemotherapy and radiation, showing the medicine’s potential of improving the patient’s quality of life while increasing treatment effectiveness.”
The nearly four-year phase II study (2014-2018) focused on 24 people with aggressive rectal cancers who were each given YIV-906 along with chemotherapy and radiation prior to surgery. At the time of surgery, about 17% of patients had a complete or near-complete response to the treatment. Most patients lived at least five years or more on the treatment regimen with a five-year overall survival rate of 82%. No patients experienced grade-four (the most severe) toxicities, and there were only two grade-three diarrhea cases.

“We didn’t have any serious toxicity associated with the drug and patients found taking the drug in pill form very easy and tolerable,” said senior author Susan Higgins, MD, a professor of therapeutic radiology and of obstetrics, gynecology, and reproductive sciences at Yale School of Medicine.

The researchers say YIV-906 should be further evaluated in a randomized clinical trial to assess if there are similar outcomes for other GI and pelvic cancers.
“You never forget patients with a local recurrence because they are in a lot of pain,” said co-first author Kimberly Johung, MD, PhD, associate professor of therapeutic radiology and chief of the gastrointestinal radiotherapy program at Yale Cancer Center and Smilow Cancer Hospital. “Sometimes you can surgically remove these pelvic tumors, but many patients are not eligible.” That’s because not all tumors are resectable. “If we can improve outcomes for those patients with local recurrences, with the addition of this agent, I think that would be very impactful.”
Repeated radiation is associated with more severe toxicities, she says, and future studies could look at YIV-906 in this context.
Nipun Verma, MD, PhD, from Yale Cancer Center was also a co-first author on the study. Other YCC authors include Jeremy Kortmansky, MD; Wajih Zaheer, MD, FACP; Jill Lacy, MD; Michael Cecchini, MD; Stacey Stein, MD; Wing Lam, PhD; Shwu-Huey Liu, PhD; and Vikram Reddy, MD, PhD, MBA, FACS, FASCRS.

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10 Trends To Keep In Mind For Ministry In 2025 – Religion Unplugged

(ANALYSIS) Theological truths remain unchanged regardless of the date on the calendar, as do many ministry realities. The context surrounding Christians and churches, however, is constantly changing.
As pastors and church leaders think about ministering to their congregations and communities in 2025, they should keep these key trends in mind.
Church attendance and membership continue to fall, according to Gallup. Trust in pastors has reached an all-time low. Previously, the percentage of Americans who said they were unaffiliated with any religion, commonly referred to as the “nones,” had been steadily growing. But that growth has slowed or even stopped according to most research organizations. The rise of the nones could be over.
In Gallup’s religious identification study, nones have been plateaued between 20%-21% since 2017. The General Social Survey tracked an increase until 2022 when a 1.5 percentage point drop occurred. Similarly, Pew Research found a drop from 31% in 2022 to 28% in 2023.
This has not coincided with significant growth for Christianity in the United States, but it does paint a more encouraging statistical picture than has been the case recently. Americans are not currently becoming less religious in their attitudes even if many of their practices continue away from church. The coming years present a moment of opportunity.
Around 3 in 10 U.S. Protestant churchgoers believe it is OK to skip church at least a few times a year to watch a favorite team or sporting event, according to Lifeway Research. But perhaps a greater issue is travel sports for children and teenagers.
In 2022, those ages 6-18 were involved in sports for 16.6 hours a week, according to an Aspen Institute report. This often involves families traveling during the weekends for games and tournaments.
Lifeway Research found churchgoers and pastors disagree over how often it’s OK to skip church for kids’ sports. Pastors are twice as likely as churchgoers to say it is never acceptable to miss services for kids’ sporting events (36% vs. 18%). Navigating this divide will be a major issue for many pastors.
While more Americans than ever before identify as LGBTQ+, especially among young people, support for same-sex marriage has stopped growing, including among Protestant pastors.
From 2010 to 2019 support for same-sex marriage increased among pastors from 15% to 24%, exclusively driven by a 15-point jump among mainline pastors, according to Lifeway Research. By 2023, however, support remained statistically unchanged at 21% overall.
As U.S. Protestant churchgoers look out on the culture, they believe there is a growing rejection of Christianity. According to Lifeway Research, seven in 10 churchgoers (69%) believe people’s perception of Christians in the U.S. are getting worse.
Only a slight majority (53%) say most Americans have a positive opinion of Christians. This may be why a 2023 Lifeway Research study found 63% of U.S. Protestant pastors say there is a growing sense of fear within their congregations about the future of Christianity in our nation and the world.
Among U.S. Protestant churches with ongoing adult Bible studies, the average church has seven groups with 69 weekly participants, according to Lifeway Research. Around two in five worship attendees at the average church (44%) also typically participate in small groups.
Many congregations have found their small group participation declining. Growing churches will find ways to draw more people into small group discipleship for the good of their congregation and those individuals.
The apostle Paul said “godliness with contentment is great gain” (1 Timothy 6:6), but many Americans, including some churchgoers, have a more consumeristic mindset. Most Americans have a mix of values between contentment and consumerism, according to Lifeway Research, but around three in 10 (29%) are classified as prolific consumers.
Those who attend religious services more than once a week are the most likely to say shopping makes them feel worthwhile (61%) and they know they are getting ahead when they have nice things (56%). They are also among the most likely to say they are driven to accumulate nice things (61%) and to have the latest technology (55%).
More Americans are dying of opioid abuse, but fewer churches are serving those with opioid addictions. A Lifeway Research study found U.S. Protestant pastors are just as likely to say someone connected to their church has been personally affected by opioid abuse today as compared to five years ago. They are less likely, however, to report their church is providing spiritual support or any type of support group for those dealing with substance abuse.
Additionally, pastors remain opposed to sports betting but have not become as involved as they said they would once it became legalized in their state, according to Lifeway Research. In 2018, only 5% said they wouldn’t feel the need for their church to address this issue if it became legal. By 2023, however, with sports gambling legalized across most of the United States, 56% now say they don’t feel the need to address it.
Lifeway Research found 3 in 5 U.S. Protestant churchgoers (60%) say they have extended at least one invitation in the past six months for someone to attend their church.
When asked why they don’t bring guests more often, more than a quarter of churchgoers (27%) say they don’t know anyone to invite. Yet, an additional Lifeway Research study found most churchgoers (71%) say they have non-Christian friends.
When asked to name their favorite Old Testament story, four in five U.S. Protestant churchgoers offered a narrative from the first half of the Bible, but 11% gave a New Testament story, 7% said they didn’t have a favorite story, and 3% weren’t sure, according to Lifeway Research.
Additionally, many churchgoers aren’t confident in their ability to retell some key Old Testament stories like Abraham being asked to sacrifice Isaac and Daniel in the lion’s den. Others said they could accurately retell the biblical story of Romulus and Remus, even though that’s from Roman mythology, not Scripture.
Sitting in the pew, U.S. Protestant churchgoers say they want to hear sermons that help them understand and address cultural issues, according to Lifeway Research. Four in 5 (80%) believe a pastor must address current issues to be doing their job.
This does not mean, however, that they expect to hear their pastor endorsing a political candidate. Around a third (35%) of Christians who attend a worship service at least once a month believe it is acceptable for a pastor to offer an endorsement during a church service, according to Lifeway Research.
As pastors and other church leaders seek to minister in 2025, they should keep in mind these changing cultural and church trends to provide biblical help and truth where it is needed most.
This article has been republished courtesy of Lifeway Research.
Aaron Earls is the senior writer at Lifeway Research.
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Is Ena Crypto A Good Investment In 2025? – Blockchain Magazine

HomeMarketsIs Ena Crypto a Good Investment in 2025?
Thinking about jumping into the Ena Crypto game by 2025? You’re not alone. With all the buzz around digital currencies, Ena Crypto has caught the eye of many investors. But is it really worth your money in the next few years? Let’s break it down and see what the future might hold for this intriguing crypto.
Ena Crypto, often referred to as ENA, is a digital asset that plays a central role in Ethena’s decentralized financial ecosystem. It’s not just a cryptocurrency; it’s a governance token, giving holders a say in the decision-making processes of the Ethena protocol. Unlike many other tokens, ENA is tied to the innovative USDe stablecoin, which is designed to maintain a stable value through a unique financial mechanism. This makes ENA an integral part of Ethena’s mission to provide decentralized financial solutions.
The journey of Ena Crypto began with the launch of Ethena Labs, which introduced the USDe stablecoin as a compelling alternative to traditional stablecoins. Over time, ENA became the backbone of the Ethena protocol, symbolizing a new era in decentralized finance. The development of a Telegram application for payments and savings using the sUSDe stablecoin highlights Ethena’s commitment to innovation and accessibility. Ena Crypto’s history is marked by strategic initiatives like airdrops to encourage user engagement, fostering a vibrant community around Ethena.
Ena Crypto stands out due to several key features:
Ena Crypto is not just a digital asset; it’s a gateway to participating in the future of decentralized finance, offering both governance and financial opportunities within Ethena’s innovative ecosystem.
In recent years, Ena Crypto has seen its share of ups and downs, much like the rest of the crypto market. From a price perspective, Ena has been quite the rollercoaster. For instance, earlier in 2024, the price fluctuated between $1.4 and $0.98, showcasing its volatile nature. By April 2025, Ena’s price had a noticeable rebound, hitting $1.16 after a dip. This volatility is pretty typical for cryptocurrencies, making it both exciting and nerve-wracking for investors.
Several factors have played into Ena’s price movements:
When stacked against other cryptocurrencies, Ena has shown a mixed performance. While it hasn’t always kept pace with giants like Bitcoin or Ethereum, it has sometimes outperformed smaller altcoins. Ena’s price trends often mirror broader market movements, but its unique features can lead to distinct price paths. In the crypto world, where the unexpected is the norm, Ena’s journey is just as unpredictable as any other digital currency.
Ena Crypto’s journey through the volatile waters of the crypto market highlights both the potential rewards and risks of investing in digital currencies. With its ups and downs, it remains a captivating option for those willing to ride the waves.
As we look toward 2025, various analysts have shared their thoughts on where Ena Crypto might be headed. Coin Edition suggests that ENA could surge to $3.66, driven by the growing adoption of decentralized technologies. On the other hand, some forecasts, like those from TradingBeasts and WalletInvestor, suggest a more modest growth trajectory. According to TradingBeasts, ENA might fluctuate between $1.038 and $1.269, while WalletInvestor predicts a similar range, with the potential for reaching an average of $1.154.
Investors are always keen on understanding the potential return on investment (ROI) for any asset. For Ena Crypto, the ROI predictions are mixed. WalletInvestor suggests a potential ROI of around -31%, indicating a bearish outlook for some periods in 2025. However, the possibility of price surges during certain months could offer opportunities for gains. Investors should weigh these predictions carefully against their risk tolerance and investment strategies.
Market sentiment around Ena Crypto in 2025 seems to be a mix of optimism and caution. While there is enthusiasm about the potential for technological advancements and increased adoption, there are also concerns about price volatility and regulatory challenges. This mixed sentiment is mirrored in the predictions from various analysts, highlighting the importance of staying informed and adaptable in the ever-changing crypto landscape.
“As we move through 2025, the key for investors will be to stay informed and ready to adapt to the changing dynamics of the crypto market. Ena Crypto presents opportunities, but also challenges that require careful consideration.”
In conclusion, while there are positive signs for Ena Crypto in 2025, potential investors should remain cautious and consider the diverse range of predictions and factors at play.
Investing in Ena Crypto means dealing with the unpredictable nature of the crypto market. Prices can swing wildly, sometimes within hours, influenced by everything from global economic news to social media trends. This volatility can lead to substantial losses if you’re not prepared for sudden downturns. Some investors thrive on this excitement, but for others, it can be nerve-wracking.
Cryptocurrencies, including Ena, often operate in a gray area regarding regulations. Governments around the world are still figuring out how to handle these digital assets, which can lead to sudden changes in legal status or trading restrictions. This uncertainty can impact the value of Ena Crypto and your ability to trade it freely.
While blockchain technology is generally secure, it’s not immune to risks. Hacks and breaches can occur, potentially compromising your investments. Moreover, the technology itself is evolving, which could lead to unexpected issues or the need for significant updates. Staying informed and using secure wallets can help mitigate some of these risks.
Investing in Ena Crypto can be rewarding, but it’s not without its challenges. Understanding these risks and preparing for them can make a big difference in your investment journey.
Investing in Ena Crypto can be approached in two main ways: long-term or short-term. Long-term investors might hold onto Ena Crypto for several years, betting on its potential to grow as the market matures. This strategy often involves less frequent trading and more patience, as investors ride out market fluctuations. Short-term investors, on the other hand, might focus on buying and selling Ena Crypto within days or weeks, aiming to capitalize on market volatility and price swings. Each strategy has its own risks and rewards, and the choice largely depends on your financial goals and risk tolerance.
When dealing with Ena Crypto, diversification is key. By spreading investments across different cryptocurrencies or even other asset classes, you can potentially reduce risk. It’s like not putting all your eggs in one basket. Consider balancing your portfolio with a mix of high-risk and low-risk assets. Also, stay informed about the latest market trends and regulatory changes, as these can significantly impact your investments.
To make informed decisions, investors should utilize various tools and resources. Technical analysis platforms can provide insights into price trends and potential entry or exit points. Additionally, staying updated with news and expert opinions can be beneficial. Participating in online forums and communities can also offer valuable perspectives and experiences from other investors. Remember, successful investing often involves continuous learning and adapting to new information.
Investing in Ena Crypto requires a thoughtful approach, balancing potential rewards with inherent risks. The key is to remain flexible and informed, ready to adjust strategies as the market evolves.
In light of Arthur Hayes’s $2.8M investment in Ethena (ENA), it’s evident that even seasoned investors see potential in this emerging cryptocurrency, further influencing market dynamics and investor sentiment.
Looking ahead, the long-term growth potential of Ena Crypto seems promising yet unpredictable. The market is expected to see significant fluctuations, but there is optimism about its capacity to grow. Some analysts suggest that Ena could experience a notable rise if it capitalizes on emerging market trends and technological advancements. However, investors should remain cautious, as the potential for high returns often comes with increased risks.
Ena Crypto’s future will largely depend on its ability to innovate and adapt to new technologies. As the crypto world evolves, Ena must stay ahead of the curve by integrating cutting-edge technologies. This includes advancements in blockchain scalability, security features, and possibly exploring new consensus mechanisms. Such innovations could enhance Ena’s appeal and functionality, making it a more attractive option for investors and users alike.
Global economic trends will undoubtedly play a role in shaping the future of Ena Crypto. As we move beyond 2025, factors such as regulatory changes, economic policies, and international trade dynamics will influence Ena’s market performance. Understanding these global shifts is crucial for investors aiming to make informed decisions.
The future of Ena Crypto is a tapestry woven with potential, uncertainty, and the ever-present influence of global markets. As it navigates these waters, Ena’s journey will be watched closely by investors and enthusiasts alike.
Ena Crypto has built a vibrant community that thrives on active participation and support. This community is not just a group of investors; it’s a network of enthusiasts who believe in the potential of Ena. They frequently engage in forums and social media platforms, discussing everything from price fluctuations to technological developments. Community-driven initiatives often lead to innovative projects that further enhance the Ena ecosystem. For instance, recent campaigns have encouraged users to earn “shards,” promoting deeper interaction with the protocol. This kind of involvement ensures that the community remains a crucial part of Ena’s growth.
The developers behind Ena Crypto are constantly pushing the envelope with new innovations. They focus on improving the protocol’s efficiency and security, ensuring that it meets the evolving needs of its users. Technological advancements, such as the introduction of synthetic dollars or new governance models, have been pivotal. Developers also play a key role in organizing events and hackathons, encouraging collaboration and new ideas. Their efforts have not only enhanced the technical robustness of Ena but have also positioned it as a leader in the decentralized finance space.
Ena Crypto’s strategic partnerships are a testament to its commitment to growth and innovation. By collaborating with other projects and platforms, Ena has expanded its reach and influence in the crypto world. These partnerships often result in shared resources, knowledge exchange, and co-developed technologies that benefit all parties involved. Such collaborations are essential for advancements in cryptocurrency adoption, as they create opportunities for Ena to integrate more seamlessly into the broader financial ecosystem.
Ena Crypto’s success is not just about technology; it’s about people coming together to build something greater than the sum of its parts. The community and developers are the backbone of this journey, driving Ena forward into the future.
When comparing Ena Crypto to traditional investments like stocks or bonds, one of the first things to notice is the volatility. Cryptocurrencies, including Ena, can have wild price swings, which might be unsettling if you’re used to the steady, albeit slower, growth of traditional assets. However, cryptos offer potential for high returns, which is why some investors are drawn to them despite the risks. Traditional investments, on the other hand, tend to be more stable, providing a predictable income through dividends or interest.
Ena Crypto stands out in the crowded crypto market due to its unique features and growing community support. While Bitcoin and Ethereum are the major players, Ena offers a different value proposition, often focusing on niche applications or specific technological advancements. Here’s a quick comparison:
Investing in Ena Crypto comes with its own set of advantages and disadvantages.
Pros:
Cons:
“When considering an investment in Ena Crypto, it’s crucial to weigh the potential for high returns against the inherent risks. Diversification and risk management are key strategies for any investor in this space.”
For those looking to invest in cryptocurrency in 2025, understanding the basics of blockchain and market dynamics is essential. Diversifying across major coins, emerging altcoins, and stablecoins can help manage risk effectively.”
So, is Ena Crypto a good investment in 2025? Well, it really depends on how you look at it. If you’re the kind of person who likes to take risks and can handle the ups and downs of the crypto market, then maybe it’s worth a shot. Some predictions say the price could go up quite a bit, which sounds promising. But remember, these are just predictions and things can change. On the flip side, there are also forecasts that suggest the price might not do so well. It’s a mixed bag, really. The key is to do your own research and maybe talk to someone who knows their stuff before diving in. At the end of the day, it’s your money, and only you can decide if Ena Crypto is the right move for you in 2025.
Ena Crypto is a digital currency used for online transactions, similar to Bitcoin. It operates on a technology called blockchain, which ensures secure and transparent dealings.
Ena Crypto’s value has gone up and down over the years. Sometimes it increases a lot, and other times it drops. It’s important to keep an eye on market trends if you’re interested in investing.
Experts have mixed opinions. Some believe Ena Crypto’s price will rise, while others think it might fall. Predictions suggest it could reach a high of $3.57 by the end of 2025, but it’s important to research and make informed decisions.
Investing in Ena Crypto can be risky due to its unpredictable price changes. There’s also a chance of facing legal issues or security problems. Always consider these risks before investing.
You can invest in Ena Crypto by buying it on online exchanges. It’s important to decide if you want to invest for a short time or a long time and to spread your investments to reduce risk.
Ena Crypto can be a good investment if you’re looking for something different from traditional options like stocks. However, it can be riskier, so it’s important to compare it with other cryptocurrencies and investment choices.
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IYSSE (Sri Lanka) public meeting in Kandy: How to defeat the IMF austerity program – WSWS

The International Youth and Students for Social Equality (IYSSE) will hold a public meeting entitled “How to defeat the IMF austerity program” on January 9 at Kandyan Arts Residency Hall in Kandy.
We are holding this meeting following the cancellation of our previously scheduled lecture at Peradeniya University on January 5. The lecture, which was suddenly banned by university authorities, had been sponsored by the university’s Political Science Student Association (PSSA) and permission granted by the head of the Department of Political Science.
On the morning of January 5, however, the IYSSE was informed that the Acting Vice Chancellor of the Peradeniya University had ordered cancellation of the lecture because its topic challenged government policies. Alternatively, the IYSSE was told that it should change the lecture title, an effective ban on the meeting.
The IYSSE immediately issued a statement condemning this political censorship, describing it as an anti-democratic attack on the freedom of expression of the PSSA, university students as a whole and the IYSSE. There were indications that the Janatha Vimukthi Peramuna (JVP)/National People’s Power (NPP) government played a role in the cancellation of the meeting.
We also urged students, university teachers, non-academic workers and other workers and youth to support our right to hold this meeting and condemn the suppression of democratic rights. The IYSSE, however, has decided to hold this meeting in Kandy because of the urgency of its subject matter.
During the IYSSE campaign for the public lecture at Peradeniya campus students, academics and workers expressed their opposition to the brutal IMF austerity measures implemented since 2023 by then President Ranil Wickremesinghe and now continued by the current JVP/NPP government of President Anura Kumara Dissanayake.
These austerity measures, which involve the privatisation or commercialisation of state-owned enterprises, the destruction of hundreds of thousands of public sector jobs, and further funding cuts to public health and education, are a life and death question for all working people.
The JVP/NPP government, the establishment parties, the trade union bureaucracies and their fake left hangers-on all defend the capitalist system.
The IYSSE and the Socialist Equality Party (SEP-Sri Lanka) are the only organisations fighting for an independent mobilisation of the working class based on socialist and internationalist policies to defeat the IMF’s brutal social attacks.
We urge workers, students and teachers to attend our forthcoming meeting to discuss these vital issues.
Meeting venue: Kandyan Arts Residency Hall, Kandy
[near Kingswood College]
Date and time: Thursday, January 9, at 4 p.m. 
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#172: Binance becomes Brazil's first exchange to secure broker-dealer license – substack.com

Olá pessoal!
Greetings from Orlando and welcome back to 🇧🇷Brazil Crypto Report for the week of December 23, 2024 to January 3, 2025!
I hope everyone had a great and relaxing holiday season and that you’re reading to kickstart what looks to be a wild 2025. I’ve been running around Orlando Outlet Malls like a madman for the past week so am just catching back up on crypto and will be fully plugged in from here on out.
🙌 Before we dive in, I’d like to send a quick note of appreciation to everyone who has read this newsletter, listened to a BCR podcast, contributed financially or in some other way supported this platform over the last year. It’s been a labor of love for me to produce this content every week, but I find deep satisfaction in knowing that readers and listeners find value in my work. Thank you for your support!
🔎 What’s in this week’s BCR?
Binance becomes Brazil’s first crypto exchange to secure a broker-dealer license
“Drex should be an option, not an obligation” says federal deputy
New tax on crypto exchanges signed into law
Thanks for reading and have a great week!
-AWS
🙌 🇧🇷Brazil Crypto Report is a free publication; if you wish to support my work you can do so by hitting the button below👇
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Binance received approval from the Central Bank of Brazil for its acquisition of Sim;paul — a locally-licensed broker dealer institution with authority to both distribute securities and issue electronic money.
The approval makes Binance the first crypto exchange in Brazil to receive a broker-dealer license, and will help the company comply with ongoing regulatory developments.
This gives Binance a formal license to operate in Brazil and begin offering securities to customers. It allows Binance direct access to the Brazilian financial system for processing bank transfers and Pix payments, allowing it to localize its operations through the Sim;paul platform rather than relying on local intermediaries like Latam Gateway — which it has been using since 2022.
Binance can also now offer other types of financial and investment services beyond crypto trading, such as digital accounts, securities and equities trading, and various types of funds — though the firm says it has no plans to offer products beyond crypto in the short term.
Binance CEO Richard Teng said in a statement:
"We are thrilled to announce our latest regulatory approval. A market with burgeoning crypto adoption, Brazil is home to a vibrant and dynamic community that is readily embracing the future of finance. We thank local regulators for their commitment to defining clear rules for this important, growing industry.
This approval underscores our commitment to compliance and security, and we look forward to continuing to provide our local users with a secure, reliable, and innovative platform for their digital-asset needs."
The Central Bank of Brazil published the decision to approve the acquisition on the final day of 2024 after more than two years of analyzing the deal. The purchase was first announced in March 2022 during former CEO Changpeng Zhao’s initial visit to Brazil. It was intended to fast-track the exchange’s growth in a future regulated market in the country.
As the Central Bank has yet to formalize its licensing framework for crypto exchanges, it is unclear whether the Sim;paul brokerage license will exempt Binance from needing a VASP license.
Guilherme Nazar, Binance’s head of Latin America, said in a statement:
“This approval marks a significant milestone in our ongoing commitment to expanding our products and services in Brazil. It highlights our dedication to compliance and regulatory excellence while enhancing our ability to provide secure and innovative financial solutions to our growing user base in the country.
We look forward to taking this opportunity to further drive the adoption of digital assets and deliver unparalleled value to our clients in Brazil."
Putting it all together, Binance is now ideally positioned at the intersection of Brazil’s Tradfi and crypto worlds, particularly given the country’s movement towards building a tokenized financial system via the Drex project.
It’s a remarkable turnaround given the amount of pressure the exchange was under just 12-18 months ago in the Brazilian market. Recall in 2023 that a special congressional committee investigating financial pyramids and illicit crypto behavior formally urged the Central Bank to deny this deal.
Binance is now formally licensed in 21 countries globally, including Argentina, Japan, El Salvador, India, Dubai, etc.
Exame Valor BlockNews Portal do Bitcoin CoinTelegraph Brasil
Federal Deputy Julia Zanatta spoke out against the Drex CBDC project in a live Instagram webinar promoted by Livecoins.
She argued that Drex creates a myriad of new risks to the freedoms of individual Brazilians, and that society at large has not been consulted on the question of whether developing such a system is beneficial. She indicated that she will file a motion in Congress to debate this point.
“The risks are more social control in our lives, lack of privacy, ease of taxing your entire life without option, political persecution and people who do not know how to manipulate technology, making serious financial mistakes. Drex should be an option for Brazilians, not an obligation.”
“No one asked the people if they want Drex, so I’m going to file a plebiscite to raise this debate with the people.”
Zanatta is the author of a bill that would prohibit the extinction of paper money in Brazil in favor of digital currency.
The right thing to do, she said, is for Congress to authorize the issuance of the Drex currency rather than for the Central Bank to make the decision. Note that there is currently legislation introduced in Congress that would do this.
Zanatta also distinguished Drex and bitcoin, emphasizing that the latter is decentralized and cannot be controlled by the state.
“Bitcoin is freedom, and Drex is a centralized digital currency. Is it a path to modernity, to the freedom of Brazilians? We do not deny the benefits of technology, but to what extent is the facilitation worth the exchange of more social control for less freedom?”
CoinTelegraph Brasil Livecoins
The new rules are part of a giant tax reform package passed by Congress and signed into law by President Lula on December 30, 2024.
Among the truckload of changes in the bill is a provision that will tax revenues of crypto exchanges. This will not directly impact individual investors in Brazil, but will affect rather brokerages themselves.
The outstanding question becomes whether or not exchanges will pass on these tax burdens to users or simply cover the tax themselves. Binance has gone on the record stating that it will not pass on these costs to its customers. Guilherme Nazar, VP of Latam, told Estadao’s E-Investidor:
“I would not say that investors would be harmed by this tax that will happen, at least not at Binance. In smaller companies, this may happen. In general, we seek not to impact investors and we will not impose this tax on them.”
Livecoins CriptoFacil
No new podcast this week but I’m re-upping two episodes that I released before the holiday break began. The first is with Binance’s VP of Latam Guilherme Nazar who discusses his approach to growing Binance as a compliant entity in the region — quite relevant given the week’s news.
We also have David Lawant, who is head of research at institutional prime brokerage FalconX. We discuss post-US election market trends and the liquidity surge that he’s seen pour into crypto markets recently.
🎧 You can find Brazil Crypto Report content wherever you listen to podcasts: Spotify | Apple Podcasts | Amazon | Anchor | YouTube
Bitget CEO Gracy Chen spoke to Valor about the exchange’s strategy for 2025, specifically greater use of its own BGB token, greater proximity to VIP and institutional investors, and aggressively listing new tokens.
Bitcoin was the strongest performing asset in the Brazilian market for the year 2024, posting a real return of 163%. Gold posted a return of 23% for the year, according to the Studio Group’s Real Gain Index. More conservative investments like Selic and CDI gained 5.74%, while others like Ibovespa and IFIX posted negative returns when adjusted for inflation (-8.55% and -8.02%, respectively). (Portal do Bitcoin)
Mercado Bitcoin executives argued that 2024 was a milestone year for bitcoin adoption in Brazil. Institutional investors accounted for 70% of MB’s trading volume for the year, taking advantage of a new platform aimed at professional asset managers. Guilherme Pimentel, product director at MB, told Neofeed:
“There are few [clients], but very large ones…We are expanding our services to managers interested in allocating part of their assets to crypto.”
It is expected that increasing institutional adoption in North America will force the hand of professional allocators in Brazil who have been lagging behind. Joao Piccioni of Empiricus told CoinTelegraph Brasil:
“The manager who says he doesn’t buy crypto because he doesn’t know about it is one step behind. The reputational risk of missing the rally by not being allocated to this market is compromising, especially in the Brazilian scenario.”
Brazil’s proposed ban on stablecoin transfers to self-custodied wallets will be difficult to enforce and will prompt a larger movement to decentralization, experts told CoinTelegraph Brasil. Carol Souza of Area Bitcoin noted that the Central Bank cannot prevent individuals from transacting in a peer-to-peer fashion using their own wallets or by creating new forms of stablecoins:
“If this is the direction of the Central Bank in the public consultation, it is likely to be regulated as proposed. Another demonstration of how governments use bans to ensure that demand for their melting fiat currencies does not diminish.”
Hashdex co-founder Bruno Caratori gave some exciting 2025 predictions to Blockworks. He reckons that stablecoins will be used for “everyday transactions” in the United States if a potential Circle IPO materializes. He also says that we might finally see the crypto end of the boom and bust cycle once a 2025 bull run subsides.
Savvy Brazilian traders were able to take advantage of a glitch in Google’s USD to BRL price feed, which showed the dollar at an erroneous all-time high of $6.70 on December 25. (Livecoins)
Bitso reported a 54% increase in its Brazilian customer base and 44% growth in transaction volume for 2024. (CriptoFacil)
Liqi launched 4 new RWA tokens that will pay out up to 177% returns. (CoinTelegraph Brasil)
Banco Bradesco is launching a pilot project for using stablecoins for settling international transactions, in conjunction with Circle’s USDC stablecoin and Parfin’s infrastructure. The importer first pays Parfin with stablecoins, which are converted to dollars and then passed to Bradesco, which converts to reals and delivers them to the Brazilian exporter. Robert Medeiros, Bradesco’s director of international and foreign exchange, said:
“The big gain we imagine with the stablecoin is operational. It brings greater efficiency and we expect a better cost for everyone.” (CriptoFacil) (Valor)
Brazilian blockchain expert and personality Courtnay Guimaraes has joined Banco Bradesco as Head of Digital Assets, according to a Linkedin post
Outgoing Central Bank president Roberto Campos Neto argued that tokenization of the financial system will lead to a future in which monetization of personal data will generate income
“Ultimately, we could tokenize this data and exchange it for resources, as if people’s lifelong savings were made not only with money, but also with the data it produces.” (CoinTelegraph Brasil) (CriptoFacil)
Chiliz’s Brazil country manager Bruno Pessoa argues that fan tokens will be a critical tool for football clubs to engage their global fan bases in 2025. (Exame)
Recipients of social programs like Bolsa Familia that use the Single Registry (known as CadUnico) will be able to receive payments by Pix in 2025 with a limit of R$1,860. (CoinTelegraph Brasil)
The Central Bank will expand its tracking of fraudulent Pix transfers via an improved Special Return Mechanism, which is scheduled to be unveiled in early 2026. Ricardo Mourao, Head of Department of Competition and Financial Market Structure, said:
“This way, it will be possible to block and return funds from the various accounts used in the fraud, further increasing security and trust in Pix.” (CoinTelegraph Brasil)
Brazil assumes the president of the BRICS bloc for 2025 and will focus on climate change and artificial intelligence regulation. (CoinTelegraph Brasil)
Financial influencer Nathalie Arcuri of Me Poupe! is recommending that her followers invest a small portion of their portfolio (no more than 10%) in crypto for 2025. She recommends exposure to bitcoin, Ethereum, Chainlink, AAVE and Render. (Livecoins)
Blockchain experts at several Brazilian banks weighed in on the outlook for the Drex project in 2025. (Exame)
XDC Network launched its C9Chain in Brazil in partnership with C9 Tech. This will serve as an official subnet on the XDC Network and allow the creation of personalized, private blockchain networks, and it is aimed at applications involving CBDCs such as Drex. (CoinTelegraph Brasil)
Brazil is Latin America’s leading crypto market, argues CoinEx Latam director Pedro Gutierrez. (Exame)
Brazil’s Federal Council of Real Estate Brokers approved a proposal to regulate tokenized real estate and contracts on blockchain. (CoinTelegraph Brasil) (Livecoins)
The Receita Federal, Brazil’s tax authority, will start receiving data on transactions made between users and cryptocurrency exchanges via Pix. (CoinTelegraph Brasil)
ABcripto and the National Council of the Public Prosecutor’s Office (CNMP in Portuguese) signed an agreement to improve the way seized cryptocurrencies are sold. (Livecoins)
A Brazilian hacker was indicted in the US for trying to extort R$17 million (US$3 million) of bitcoin out a company in exchange for keeping stolen data confidential. (Portal do Bitcoin)
ABCripto announced the launch of its Virtual Assets Specialist Certification, which is designed to qualify professionals looking to enter Brazil’s crypto market. (BeinCrypto)
A Brazilian citizen was detained in Paraguay during a law enforcement operation that seized 670 bitcoin mining machines. (Livecoins)
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