Odaily Planet Daily News: Luiz Phillipe of Orleans-Braganza, a former federal congressman in Sao Paulo, Brazil, has submitted a bill to the Brazilian Congress seeking to legalize Bitcoin salary payments. The politician proposed legislation to allow workers in Brazil to receive wages and labor rights in the form of cryptocurrency. The bill aims to allow workers to receive up to 50% of their wages and benefits in the form of digital assets. It is worth noting that the bill does not require the acceptance of Bitcoin, but provides a legal basis for residents who want to access emerging technologies. With the consent of the employer, employees can choose to obtain labor rights in the form of Bitcoin and can terminate this payment method at any time. The bill also stipulates that 50% of the salary must still be paid in Brazilian reals to ensure the practicality of the currency. However, this provision does not apply to freelancers, foreigners and self-employed persons, and related matters are regulated by the Brazilian Central Bank. The proposal must be passed by the plenary session of the House of Representatives and a majority vote before it can enter the Federal Senate for final deliberation.

Odaily Planet Daily News The Bank of Korea has made it clear that it has "never considered including Bitcoin in its foreign exchange reserves." In response to a written inquiry from Congressman and member of the Planning and Finance Committee, Cha Guigen, on the 16th, the Bank of Korea said, "We believe that the issue of including Bitcoin in foreign exchange reserves needs to be treated with caution." This is the first time that the Bank of Korea has expressed its position on the issue of Bitcoin reserves. The first reason why the Bank of Korea is negative is the high volatility of Bitcoin prices. In this regard, the Bank of Korea pointed out: "If the virtual asset market becomes unstable, Bitcoin may face the risk of a sharp increase in transaction costs during the cash-out process." In addition, the Bank of Korea also stated: "We believe that Bitcoin does not meet the International Monetary Fund (IMF)'s foreign exchange reserve calculation standards." For these reasons, the Bank of Korea replied: "So far, we have never discussed or considered including Bitcoin in our foreign exchange reserves." The Bank of Korea also added: "It is understood that some countries such as the Czech Republic and Brazil have a positive attitude towards this, but the European Central Bank (ECB), the Swiss National Bank and the Japanese government have all expressed opposition."

Odaily Planet Daily News James Howells, who tried to retrieve 8,000 bitcoin private key hard drives from a British landfill, had his appeal dismissed again. He said he would seek final relief through the International Human Rights Act. "The Royal Court of Appeal rejected my request. The British unfair system is working again," said the early Bitcoin holder, and announced that he would file a complaint with the European Convention on Human Rights (ECHR) next. The British judge believed that the case had "no realistic prospect of success" and "no other compelling reasons" to support a hearing. Howells will argue in the ECHR that the British court violated his property rights and fair trial rights, saying "the British authorities want to cover this up, but I won't let them succeed." It is worth mentioning that these 8,000 bitcoins are worth about $660 million at current prices and were accidentally discarded in a landfill by his ex-partner in 2013. (Cointelegraph)

On Mar 17, 2025, 00:34 AM(UTC). According to Binance Market Data, Ethereum has crossed the 1,900 USDT benchmark and is now trading at 1,901.02002 USDT, with a narrowed narrowed 2.05% decrease in 24 hours.

Blockchain platform Solana commemorates its fifth year in the crypto industry since launching in 2020. source: https://www.cryptopolitan.com/solana-sol-celebrates-5-years-since-launch/

According to PANews, former federal deputy Luiz Phillipe of Orleans-Braganza has introduced a bill to the Brazilian Congress seeking to legalize salary payments in Bitcoin. The legislation aims to allow Brazilian workers to receive up to 50% of their wages and benefits in digital assets. The proposed bill does not mandate Bitcoin acceptance but provides a legal framework for residents interested in adopting emerging technologies. Employees can opt to receive their compensation in Bitcoin with employer consent and can discontinue this payment method at any time. The bill stipulates that 50% of salaries must still be paid in Brazilian reais to ensure currency practicality. However, this provision does not apply to freelancers, foreign nationals, or self-employed individuals, with the Brazilian Central Bank overseeing related matters. For the bill to proceed, it requires approval from the full House of Representatives and a majority vote before moving to the Federal Senate for final consideration.

حاول ثيران اليورو دولار مؤخرا الحفاظ على التحرك حول وأعلى المقاومة 1.0900 لضمان التحول الصعودى للاتجاه ولكن توقفت مكاسب الارتداد لاعلى لزوج اليورو دولار حول مستوى المقاومة 1.0947 الاعلى لزوج العملات منذ خمسة أشهر وسيبدأ زوج العملات تداولات الاسبوع الهام الجديد مستقرا حول مستوى 1.0875 حيث ستظل أنظار مستثمرى العملات الفوركس تراقب رد الفعل على … The post تحليل اليورو مقابل الدولار الامريكى... source: https://www.tradersup.com/%d8%aa%d8%ad%d9%84%d9%8a%d9%84%d8%a7%d8%aa-%d9%81%d9%86%d9%8a%d8%a9/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d9%81%d9%86%d9%8a-%d8%a7%d9%84%d9%8a%d9%88%d8%b1%d9%88-%d8%af%d9%88%d9%84%d8%a7%d8%b1-eur-usd/%d8%aa%d8%ad%d9%84%d9%8a%d9%84-%d8%a7%d9%84%d9%8a%d9%88%d8%b1%d9%88-%d9%85%d9%82%d8%a7%d8%a8%d9%84-%d8%a7%d9%84%d8%af%d9%88%d9%84%d8%a7%d8%b1-%d8%a7%d9%84%d8%a7%d9%85%d8%b1%d9%8a%d9%83%d9%89-%d9%88-14/141790

According to BlockBeats, Federal Reserve Chair Jerome Powell is tasked with reassuring investors about the stability of the U.S. economy while signaling readiness to intervene if necessary during the upcoming interest rate decision. This comes as U.S. President Donald Trump's escalating trade war raises concerns, leading to significant declines in the stock market over the past month. As economic outlook worries grow, consumer confidence and bond yields are also falling. Dominic Konstam, head of U.S. macro strategy at Mizuho Securities, emphasized the need for Powell to signal that the Federal Reserve is monitoring the stock market closely, as officials cannot ignore the recent downturn. Economists generally anticipate two interest rate cuts by the Federal Reserve this year. Some investors caution that if officials continue to signal only two rate cuts in 2025, Powell must stress the Fed's willingness to adjust borrowing costs if labor market issues arise. James Athey, a portfolio manager at Marlborough Investment Management, noted that while the Fed might slightly improve or worsen the situation, they cannot fully calm the market, as the main impact on market sentiment stems from the White House. Beyond the escalating and shifting tariff threats to trade partners, the Trump administration has taken limited steps to mitigate recession risks.

According to PANews, the Bank of Korea has clarified that it has never considered including Bitcoin in its foreign exchange reserves. This statement was made in response to a written inquiry from Cha Kyu-geun, a member of the National Assembly's Planning and Finance Committee, on March 16. This marks the first time the Bank of Korea has publicly addressed its stance on Bitcoin reserves. The central bank cited Bitcoin's high price volatility as a primary reason for its negative stance. It noted that if the virtual asset market becomes unstable, Bitcoin could face significant transaction cost increases during liquidation. Furthermore, the Bank of Korea stated that Bitcoin does not meet the International Monetary Fund's (IMF) standards for foreign exchange reserves. Based on these considerations, the Bank of Korea confirmed that it has never discussed or contemplated the inclusion of Bitcoin in its foreign exchange reserves. The bank also mentioned that while countries like the Czech Republic and Brazil have shown a positive attitude towards this idea, institutions such as the European Central Bank, the Swiss National Bank, and the Japanese government have expressed opposition.

According to BlockBeats, U.S. Secretary of State Marco Rubio announced in an interview that the United States plans to engage in bilateral trade negotiations with its major trading partners after imposing tariffs. Rubio did not provide specific details but emphasized that the U.S. aims to establish a new baseline to ensure fair treatment in these trade arrangements.

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