Brazil Financial News

09.02 / 17:17

Blockchain Health The virus killer: How blockchain contributes to the fight against COVID-19

On Jan. 30, the South China Morning Post reported that one of the largest Asian pharmaceutical companies, Zuellig, had launched a blockchain-based system to track the quality of COVID-19 vaccines. Called “eZTracker,” it allows any user to “instantly verify the provenance and authenticity” of vaccines by scanning the QR code on the package. Somewhat surprisingly, throughout the pandemic, there have not been many reports of blockchain-based products adopted by big pharma or global healthcare organizations to bolster the anti-COVID effort. Here is a rundown of the major cases of such adoption, along with possible reasons for the limited interest in blockchain among healthcare officials.

08.02 / 15:49

Adoption ETF Bloomberg QR Assets launches DeFi ETF on Brazilian Stock Exchange

Brazilian crypto asset manager QR Assets has launched a decentralized finance exchange-traded funds, or DeFi ETF, on the Brazilian Stock Exchange.

03.02 / 17:25

business Latin America Funding South America Crypto-focused enterprise payment platform Tribal Credit raises $60M

Crypto-focused enterprise payment platform Tribal Credit has raised $60 million in an oversubscribed investment round, putting the company on track to continue its expansion in Latin America — a region that has seen significant uptake of blockchain-based cross-border payments.

03.02 / 11:25

Lowe's Brazil Central Bank Raises Benchmark Lending Rate to 10.75%

SÃO PAULO—Brazil’s central bank raised its benchmark interest rate by 1.5 percentage points as expected, and signaled a smaller rate increase at its next meeting.

01.02 / 15:49

UPS Citizens Fallout Exodus Covid-19’s Economic Fallout Batters Latin America

Latin America, already pummeled by the pandemic, now faces a sharp increase in poverty and an exodus of its citizens to elsewhere in the world.

31.01 / 18:03

business Adoption Sport Turkish blockchain company opens regional crypto exchanges in globalization bid

Turkish blockchain provider Bitci seeks to establish local crypto exchanges in Brazil and Spain in a bid to lure local crypto investors.

29.01 / 16:09

business Blockchain Bitcoin services Meta goes Brazil to trademark Bitcoin and crypto services

Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services.

27.01 / 21:27

Provident Software Silvano Runs Token Sale P2PB2B

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

24.01 / 17:35

business Government Asia Bitcoin Indonesia's Crypto Industry in 2021: A Kaleidoscope

In 2021, the number of global crypto holders has been estimated to have increased by 3.9% to more than 300 million crypto users worldwide, with more than 18,000 businesses already accepting cryptocurrencies as payment. India is currently in the lead with 100 million users, followed by the United States with 27 million users and Russia with 17 million users.

24.01 / 13:13

business Blockchain Adoption Bitcoin No regrets for NYC mayor receiving his first Bitcoin paycheck during dip

Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th Mayor of New York City. He received his first Bitcoin payout on Friday during some epic downward price action, and was unflappable when asked about losses during an interview.

24.01 / 12:45

Reuters Digital Platform Bitcoin International Dock Plans to Use Cryptos for International Money Transfers: Reuters

Brazilian financial services platform Dock offers solutions for the entire digital payments ecosystem, according to Reuters. The company, formerly Conductor Technology, plans to utilise cryptocurrencies for international remittances and to expand markets in the Latin American and European regions.

23.01 / 10:55

cryptocurrency Bitcoin Scams Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'

The detainees told police they worked for G.A.S. Consulting & Technology, a cryptocurrency investment firm founded by a former waiter-turned-multimillionaire who is the central figure in what is alleged to be one of Brazil's biggest-ever pyramid schemes. Police say the company owned by 38-year-old Glaidson Acacio dos Santos had total transactions worth at least $7 billion ($38 billion reais) from 2015 through mid-2021 as part of a Bitcoin-based Ponzi scheme that promised investors 10% monthly returns.

22.01 / 07:23

Ethereum cryptocurrency Bitcoin Cryptocurrency Prices Today: Bitcoin falls 7%, Ethereum sheds 9%

The global cryptocurrency market capitalisation dropped from $1.88 to $ 1.7 trillion during the last 24 hours while the trading volume surged from $66.35 to $126 billion.

21.01 / 21:11

economics IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)'s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic fallout.

21.01 / 16:04

Watch ECB's Lagarde and IMF chief Georgieva discuss the global economic outlook

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21.01 / 15:38

Ethereum M&A Paxos Bitcoin Argentinian e-Commerce Giant Invests in Mercado Bitcoin and Paxos

Argentine-headquartered ecommerce giant Mercado Libre invested in Mercado Bitcoin and Paxos as it aims to boost its presence in the cryptosphere, as well as digital asset development and adoption in Latin America.

18.01 / 16:33

business Europe Banks expansion BitMEX execs reveal EU expansion with German bank acquisition

Founded by BitMEX Group CEO Alexander Höptner and CFO Stephan Lutz, BXM Operations AG announced today its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regulated crypto one-stop-shop in Germany, Austria and Switzerland.

16.01 / 07:09

Ethereum cryptocurrency Bitcoin Cryptocurrency Prices Today: Market dips marginally even as Bitcoin, Ethereum dip

The global cryptocurrency market-capitalisation dipped by 0.12 percent over the last 24 hours to $2.06 trillion, while the trading volume also tumbled by 27.12 percent to $61.66 billion as of January 16.

15.01 / 20:35

cryptocurrency Rio de Janeiro Wants To Become Brazil's Cryptocurrency Capital

According to the decree, digital money may also be used to fund city projects.

15.01 / 19:19

Government Ethereum Bitcoin 2021: A year of mass adoption for cryptocurrencies in Brazil

Throughout 2021, the Brazilian cryptocurrency market managed to distance itself from the police pages and finally win acceptance with the general public, whether in the financial market or even in the greatest national passion: soccer.

15.01 / 12:21

Adoption South America ATM Bitcoin Uruguay reportedly installs its first Bitcoin ATM

Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations.

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