Brazil Financial News

14.01 / 19:57

Ethereum Binance Bitcoin hearing Proof-of-work Hearing, Robinhood on Crypto Investments, 55 'Rug-Potentials' + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

14.01 / 19:34

cryptocurrency Adoption Bitcoin reserves Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.

14.01 / 16:37

Government Adoption Bitcoin reserves Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin

Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cointelegraph Brazil reported.

12.01 / 12:53

business SoftBank Bitcoin acquires Mercado Bitcoin operator acquires Portuguese crypto exchange

Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado Bitcoin, is moving to expand its global footprint with a strategic acquisition in Portugal.

06.01 / 17:31

business Stablecoin Latin America credit cards Tribal Credit raises $40M in 'hybrid' debt round funded by dollars and stablecoins

Crypto-focused enterprise payment platform Tribal Credit has concluded a $40 million debt offering that was funded through fiat and stablecoins — giving the company additional capital to expand its business services in Latin America.

05.01 / 17:11

ETF regulation SEC Bitcoin Bitcoin ETF decision delayed, SEC commissioner wonders why

The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16.

24.12 / 00:11

Charity Donations Auction Non-Profits Drop 3 embroidery artists weave NFT charity drop to help victims of human trafficking

Three embroidery artists — Russia’s Katerina Marchenko, Brazil's Aline Brant and Ninni Luhtasaari of Finland — announced Thursday that they will be auctioning their nonfungible token (NFT) art pieces to support Hope for the Future (HFTF), a registered charity based in Austria. Proceeds from the auction will help victims of human trafficking find entry-level work positions after their harrowing experiences.

14.12 / 21:58

Blockchain SEC Lightning Network Bitcoin Bitcoin-focused NYDIG Raises USD 1B, Golden State FTX, Bitfinex Recovers 6 BTC + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

14.12 / 21:16

Digital Citizens Platform Bitcoin Brazil’s only stock exchange, B3 to test the crypto-waters amid rising interest

Brazil’s regulators have been keeping a soft stance when it comes to the crypto sector. Recently, several proposals were introduced in Brazil’s Congress, aiming to achieve regulatory clarity in the crypto sector. Some of the suggestions reportedly included tax exemptions on renewable crypto mining, currency status of digital assets, and the role of the securities regulator as the crypto supervisor.

11.12 / 19:51

Fallout Brazil Grapples With Old Nemesis Inflation Amid Pandemic

SÃO PAULO—Inflation is surging in Brazil, forcing a country with one of the highest death rates from Covid-19 to grapple with the economic fallout of the pandemic.

10.12 / 20:43

COST Provident CEO Bitcoin Brazil Congress considers proposal to exempt tax on renewable mining

Brazil’s Congress is set to look at several proposals around cryptocurrencies as per local reports. As part of the proposal, the central bank of the country is suggested as the main regulator to oversee the crypto market. However, the Brazilian Securities Commission (CVM) can also overlook certain aspects of the sector.

10.12 / 12:27

Adoption Mining Bitcoin Green Bitcoin 'Mecca of mining': Brazil considers zero tax on green bitcoin mining

A new proposal in the Brazilian Congress calls for a tax exemption on both the importation of crypto mining rigs and on any mining conducted using renewable energy sources.

08.12 / 20:46

Blockchain Platform Bittrex 6th Intl. Exchange Agreement From Bitci Tech: Bitcicoin will be on Bittrex at December 7

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

03.12 / 01:11

business Stablecoin e-commerce MercadoLibre plans to accept BTC and cryptocurrencies as payment for all products

MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency.

30.11 / 15:55

business Funding South America Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status

2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across Latin America, sending a strong signal that venture capital sees growth potential in the region.

23.11 / 19:47

Twitter Cardano Ontology IMF Warns El Salvador, India's Crypto Soap Opera, Brazil's CBDC Pilot + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

23.11 / 13:25

Digital Platform MercadoLibre Latin America’s MercadoLibre to introduce crypto-offerings in Brazil

Online marketplace MercadoLibre will now allow buying and selling of crypto through its digital app, reported Bloomberg.

17.11 / 23:33

Blockchain Progressive Gap Bitcoin Can this Brazilian neo-bank’s crypto-solution help its adoption

Recently, Brazilian congressman Luizão Goulart proposed allowing crypto-payments for employees in the country. At the time, he had argued it can be used to harness the benefits of the technology and bring in the advantages of decentralization.

10.11 / 03:39

COST Citi Landmark Costs Public inquiry into ‘Tulip’ tower costs £500,000 as final decision nears

The public inquiry into plans to build a controversial 305-metre high 'Tulip' tower in the heart of the City has cost the Greater London Authority more than half a million pounds to date, Financial News has learned.

09.11 / 21:19

business Blockchain Adoption Largest cryptocurrency exchange in Latin America to develop renewable energy tokens

In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to implement two types of tokens.

09.11 / 18:25

Ethereum ETF Compilation Bitcoin Polkadot ETFs in Europe outperform Bitcoin, Ethereum, traditional finance

Exchange-traded products (ETP) are the next big thing for many institutional cryptocurrency investors. In fact, crypto-ETFs have captured a huge share of the market within no time. In one such case, crypto-backed ETFs in America and Australia broke several records within days of trading.

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