Brazil

Brazilian Central Bank Projects ‘Significant Migration’ to Digital Payments

According to director João Manoel Pinho de Mello, central bank digital currencies can expand financial inclusion and reduce the cost and time of cross-border transactions.

News  ·  30 July 2021

Burger King Brazil Will Accept Dogecoin for ‘Dogpper’ Dog Food

Each tasty treat costs 3 DOGE, or roughly 60 cents.

Business  ·  27 July 2021
Brazil

Brazilian Securities Commission Should Pay ‘Special Attention’ to Crypto Assets, Director Nominee Says

Nominated by President Jair Bolsonaro, he received approval from the Senate's Economic Affairs Commission.

News  ·  6 July 2021
Bitcoin

Brazil’s Bitcoin Banco Group and Leader Arrested for Alleged Embezzlement of $300M in Crypto

The operation was carried out on intelligence gathered over a three-year investigation into alleged fraud and and embezzlement scams.

News  ·  6 July 2021
Brazil

SoftBank Invests $200M in Brazil Crypto Exchange Mercado Bitcoin

The company contemplates acquisitions in Argentina, Chile, Colombia and Mexico.

News  ·  1 July 2021
CoinFlash

Brazil Stock Exchange Lists First Bitcoin ETF in Latin America

QR Capital's bitcoin ETF started trading on the Sao Paulo-based B3 exchange under the ticker QBTC11.

News  ·  23 June 2021
Brazil

Brazil’s Central Bank Pushes Back Target Date on CBDC by Two Years

BCB said the timeframe for a CBDC depends on the evolution of its current projects and the international landscape.

News  ·  11 June 2021
Brazil

Berkshire Hathaway Invests $500M in Brazilian Digital Bank Nubank

The investment is part of a G Series funding round carried out in January.

News  ·  8 June 2021
FTX

New FTX Derivative Lets Traders Bet on Re-Election of Brazil’s Bolsonaro

The “Bolsonaro 2022” futures contract should theoretically track the Brazilian president’s perceived chances of re-election.

Markets  ·  17 May 2021
Coinbase

Coinbase, SoftBank Back $26M Funding for Brazilian Crypto Asset Manager Hashdex

The firm has $76 million in assets under management.

Business  ·  12 May 2021
Brazil

Stablecoins Like USDC See Growing Demand in Latin America: Bitso CEO

Latin Americans are increasingly turning to stablecoins as a store of value.

Business  ·  11 May 2021
Brazil

Consensus 2021: Crypto Is Booming in Brazil, but Regulations Lag Behind

Brazil's largest crypto exchange, Mercado Bitcoin, has already traded $5 billion in the first quarter of 2021 alone compared to $1.2 billion in all of 2020.

Markets  ·  7 May 2021
Brazil

$2.2B Bitso Becomes First Crypto Unicorn in Latin America

The Mexico-based company said it is now valued at $2.2 billion, making it the first cryptocurrency company in the region to exceed a value of $1 billion.

News  ·  5 May 2021
Brazil

Brazil Becomes Second Country in the Americas to Approve a Bitcoin ETF

The Brazil Securities and Exchange Commission (CVM) has approved QR Capital's bitcoin ETF which will trade on the Sao Paulo-based B3 exchange.

News  ·  19 March 2021
Acquisitions

Argentina’s Ripio Acquires Second-Largest Crypto Exchange in Brazil

Ripio has acquired BitcoinTrade in a bid to increase its footprint across the frothy Latin American crypto market.

Business  ·  5 January 2021