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PortuguêsRio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during…
Continue Reading2021 was a year of affirmation for the Brazilian crypto market with good news in the national stock market, the promise of a CBDC and Brazilian soccer joining the game.…
Continue ReadingRio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week. Eduardo Paes, mayor of Brazilian city Rio de Janeiro,…
Continue ReadingAfter raising over $250 million from firms like SoftBank last year, Brazil’s 2TM Group is expanding into Europe. Brazilian 2TM Group, the operator of Latin America’s largest cryptocurrency exchange, Mercado…
Continue ReadingA new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if…
Continue ReadingBrazil’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…
Continue ReadingBrazil’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…
Continue ReadingThe Latin American e-commerce platform selected Brazil to kick-off crypto payments via its MercadoPago application. MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy,…
Continue Reading2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bitcoin, one of the leading crypto exchanges on the continent, has closed its Series B funding round again,…
Continue ReadingThe Series B builds off 2TM’s massive $200 million SoftBank-led raise in July, which catapulted the company to a $2.1 billion valuation. 2TM, the parent company of Brazilian cryptocurrency exchange…
Continue ReadingA recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents…
Continue ReadingThe largest online commerce platform in Latin America, MercadoLibre, will allow its Brazilian customers to buy, sell and hold crypto using MercadoPago’s digital wallet. The company’s revenues through digital transactions…
Continue ReadingRecently, 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…
Continue ReadingMercado Bitcoin and Comerc plan to launch two separate tokens incentivizing renewable energy use. In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it…
Continue ReadingThe ‘world’s local bitcoin company’ has revamped its brand design, added new features, and penetrated the Brazilian market. Bitcoin broker FastBitcoins has announced a company reboot, expanding existing offerings and…
Continue ReadingAs crypto adoption steadily increases, more and more institutions are considering it as a payment option for employees. A member of Brazil’s Chamber of Deputies, Luizão Goulart, proposed a bill to provide…
Continue ReadingGoulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. Federal Deputy Luizão Goulart, a Brazilian congressman, proposed…
Continue ReadingThe bill seeks to change the current law that dictates Brazilian workers can only be paid with the national currency. A draft bill seeking to allow Brazilian workers to be…
Continue ReadingThe crypto industry has changed a lot of narratives in the financial system. One of such attempts to bring crypto usefulness closer to the people was recently made by FTX.…
Continue ReadingDid we overestimate Latin America’s interest in Bitcoin and other cryptocurrencies? Even though the continent seems to need the technology the most, mainstream adoption feels so far away. The El…
Continue ReadingBrazil is not following El Salvador’s example; here’s a breakdown of the country’s cryptocurrency bill. Brazil is not making bitcoin a legal tender. The Brazilian “virtual asset” bill seeks to…
Continue ReadingThe cryptocurrency market’s exponential rise to the mainstream was both a catalyst and a result of increased retail and institutional investments worldwide. A glimpse of the same can be seen…
Continue ReadingTime to check back with El Salvador. Their Bitcoin experiment is well underway, and it’s already showing results. Are these results positive or negative? You be the judge of that.…
Continue ReadingBrazilians have brought over $4 billion of cryptocurrencies to the country, according to numbers from the Central Bank of Brazil. The commercial asset balance report presented shows that Brazilians have…
Continue ReadingA father’s gift of 1 BTC (roughly $915.80) to his newborn daughter back in 2017 is now worth more than $60,000. A 4-year-old girl has reportedly earned over 6,500% profit…
Continue ReadingEl Salvador’s “Bitcoin Beach” was once just an experiment in the coastal town of El Zonte, but is now famous world over for trying out a Bitcoin standard, even before…
Continue ReadingOn Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration…
Continue Reading“We are looking at it and evaluating the best ways to interact and participate in this ecosystem,” a B3 executive said. Brazil Stock Exchange (B3), one of the world’s few…
Continue ReadingRipio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its latest funding round, led by Digital Currency Group (DCG). The exchange, which has a stronghold in…
Continue ReadingFinancial institutions have been increasingly keen on being part of the booming $2 trillion cryptocurrency market, with over 13 of the world’s largest banks pushing roughly $3 billion in funding…
Continue ReadingBrazilian investment bank BTG Pactual becomes first large financial institution in Brazil to enable customers to make direct investments in Bitcoin. Large Brazilian investment bank BTG Pactual has announced the…
Continue ReadingInitially supporting BTC and ETH only, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins. Leading Brazilian investment bank BTG Pactual…
Continue ReadingDespite El Salvador enduring a bumpy first week of making Bitcoin legal tender, different regions have showcased interest in the same. Neighboring Central American countries such as Panama, Honduras, and…
Continue ReadingBrazilians were the biggest supporters of El Salvador’s move among all countries surveyed and want to replicate that in their country. A survey performed by Sherlock Communications through the research…
Continue ReadingVisa Brazil exec outlines plans for implementing crypto assets such as Bitco onto the payments platform. In a recent interview with local Brazilian news outlet Seu Dinheiro, Eduardo Abreu, Vice…
Continue ReadingVisa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several…
Continue ReadingThe day is here. In a few hours, El Salvador’s Bitcoin Law goes into effect. We will have the first real-world example of a whole nation using the hardest money…
Continue ReadingA law project introduced in June in the National Congress of Brazil has jumped into the spotlight recently because it establishes a fixed period for the executive to start regulating…
Continue ReadingThe biggest bitcoin exchange in Latin America is the new sponsor of Corinthians, one of the most popular football clubs in Brazil. Mercado Bitcoin, the biggest bitcoin exchange in Latin…
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