BlackRock Lists Ethereum ETF on Brazilian Stock Exchange
[Aug 27, 2024 8:42 PM] The company earlier this year listed its iShares Bitcoin Trust ETF in the South American country.
5 / 12 Relevant items tagged with #Brazil
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Orange Juice Futures Hit All Time High Numbers Amidst Agricultural Commodity Rally
[Aug 26, 2024 9:30 PM] The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading…
Mercado Libre, Latam’s Largest Company, Launches Own Dollar Stablecoin
[Aug 22, 2024 10:30 PM] Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the meli dolar, for the Brazilian market. The development was completed in partnership with Ripio, an…
Mercado Libre launches USD-pegged Meli Dollar stablecoin in Brazil
[Aug 22, 2024 7:25 PM] The new stablecoin will provide Mercado Libre customers a new option for managing their finances in Brazil’s volatile economy.
Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin
[Aug 21, 2024 6:56 PM] Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances.
Second Solana ETF Approved in Brazil
[Aug 20, 2024 7:40 PM]
X Ceases Operations in Brazil After Refusing to Comply With Censorship Orders
[Aug 18, 2024 9:45 AM] X’s Global Government Affairs Team reported on August 17 that the social network would be forced to shut down its local operations in Brazil due to judicial orders issued against its legal representative. The order, issued by Alexandre de…
Binance Pays $1.75 Million to Settle Irregular Derivatives Offering Procedure in Brazil
[Aug 16, 2024 9:30 PM] Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to…
Crypto Biz: Riot increases Bitfarms stake in takeover strategy
[Aug 16, 2024 9:00 PM] This week’s Crypto Biz examines Bitdeer’s earnings boost, Hamster Kombat’s rejection of venture capital offers, Grayscale’s new crypto fund and a Solana exchange-traded fund in Brazil.
Binance reaches $1.7M agreement with Brazilian securities regulator
[Aug 14, 2024 7:52 PM] Brazil’s CVM issued a warning to the crypto exchange in 2020 that it was offering residents derivatives products without authorization.
Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering
[Aug 14, 2024 5:26 PM] The Latin American country's agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.
Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding
[Aug 14, 2024 2:30 PM] The company plans to reach $16 million by the end of a second closing.
Brazil poised to launch world’s first spot Solana ETF ahead of global markets
[Aug 14, 2024 12:54 PM] According to IBM’s former blockchain growth lead, a potential Solana ETF approval in the US could act as a significant price catalyst for SOL.
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
[Aug 14, 2024 5:30 AM] The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble…
Brazilian Crypto Exchange Mercado Bitcoin Launches Flexible Crypto Collateralized Loans
[Aug 14, 2024 4:30 AM] Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% of the total held in crypto…
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
[Aug 12, 2024 11:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot…
Brazil’s Securities and Exchange Commission Approves Solana-Based ETF
[Aug 8, 2024 3:44 AM] The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database.
Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang
[Aug 7, 2024 6:20 PM] The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday.
Coinwire Report: Latam to More Than Double Its Crypto Trading Levels This Year
[Aug 6, 2024 5:30 AM] A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to…
Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet
[Aug 5, 2024 3:30 AM] Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the…
Binance Survey: Half of All Latin American Crypto Users Treat It as a Long-Term Investment
[Jul 30, 2024 4:45 AM] A survey conducted by Binance revealed that more than half of all cryptocurrency users in Latin America utilize crypto as a long-term investment, choosing to hold onto their digital assets. The survey, which polled 10,000 users from Argentina…
Excessive Greed: More Bitcoin Mining Companies Are Abandoning Paraguay for Brazil
[Jul 22, 2024 5:20 AM] The recent power hikes that ANDE has enacted for Bitcoin mining companies are already impacting their operations in Paraguay. According to recent reports, the Penguin Group, a cryptocurrency mining operator, has already signed a contract to secure…
Triple-A: Argentina and Brazil in the Top Ten Of Countries With Most Cryptocurrency Ownership
[Jul 18, 2024 3:30 PM] Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with…
Enegix Global Builds Natural Gas-Powered 80 MW Crypto Mining Center in Brazil
[Jul 11, 2024 2:56 AM] Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024…
Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina
[Jul 8, 2024 5:20 AM] The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture between Argentine and…
Latam Insights: Paraguay Raises Bitcoin Mining Power Fees, Bolivia Praises Stablecoins as Dollar Proxy
[Jul 7, 2024 3:15 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar…
Mexican Startup Kavak Issues Tokenized Debt to Invest in Brazil’s Used Car Business
[Jul 3, 2024 9:37 PM] Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using…
Banking Giant Santander to Offer Cryptocurrency Trading Services in Brazil
[Jun 27, 2024 6:15 AM] Santander, the multinational banking giant, has recently announced that it will start offering cryptocurrency trading services in Brazil. The bank will roll out this functionality to selected customers of Toro, its investment unit, this week and…
Nubank brings Bitcoin Lightning to its 100M Latin American customers
[Jun 25, 2024 6:23 PM] Lightspark will also integrate the Universal Money Address standard for Nubank, which gives an email-like address for users to send and receive money.
Latam Insights: Paraguay Unveils Bitcoin Mining Centric Development Strategy, Itau Unibanco Rolls Crypto Trading for All Customers
[Jun 16, 2024 6:45 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay unveiled a bitcoin mining-centric strategy, Itau Unibanco rolled out crypto trading services for…