Wed, February 5

Brazil ATMs will distribute Tether USDT Stablecoin

Tether enables 24,000 ATMs around Brazil country to provide Tether USDT. As of 2021, around 34 million eligible population in Brazil are still unbanked. Tether USDT, the stablecoin functioning over the Tether blockchain platform has partnered with SmartPay. This partnership will enable 24,000 ATMs around Brazil country to provide Tether

October 21, 2022 1 min read

Brazilian Authorities Issues Rules To Classify Crypto as Securities

In a recent advisory opinion paper, the Brazilian Securities and Exchange Commission (CVM) addresses the topic of crypto-based securities. In it, a lack of regulation is acknowledged, and cryptocurrencies are defined as digitally represented assets. Safeguarded by cryptographic technology, and transacted and stored by Distributed Ledger Technologies (DLT). Tokens that

October 13, 2022 2 mins read

Brazil Police Uncover $766M Crypto Ponzi Scheme Fraud

Brazilian law enforcement officers searched the home of da Silva and his accomplices. Celebrities like model Sasha Meneghel lost almost $230,000. The activities of a criminal organization headed by businessman Francisco Valdevino da Silva, aka “Bitcoin Sheikh,” were apparently put to a stop by the Brazilian Federal Police. To the

October 10, 2022 2 mins read

Firms Declaring Crypto Holdings in Brazil Steeply Rises

More than 1,300,000 people have said they own some kind of cryptocurrency. BRZ, the first Brazilian real-pegged stablecoin, had considerable price fluctuations. With a large number of cryptocurrency adopters, Brazil is widely exploring the crypto industry. In Brazil, where 7.8% of the population, or roughly 16 million individuals, now possess cryptocurrencies,

October 9, 2022 2 mins read

Bank of Brasilia Attacked by Ransomware Demanding 50 BTC

LockBit ransomware group has been one of the most prominent criminal organizations. The LockBit ransomware was recently updated to version 3.0. On October 3, ransomware infected the Bank of Brasilia, a government-controlled bank in Brazil. The hackers wanted 50 BTC in exchange for not releasing customer data. Local news outlet

October 7, 2022 1 min read

Brazilian Regulators Grill Mercado Bitcoin Over Token Sales

The exchange must disclose how much money was collected via the sale of tokens. Parent Firm 2TM criticized Brazil’s governing bodies on the regulation of crypto. Securities authorities in Brazil have demanded details on the digital tokens produced by Mercado Bitcoin. The largest cryptocurrency exchange in Latin America. Mercado Bitcoin

September 29, 2022 1 min read

Crypto Exchange Binance Plans Two New Offices in Brazil

Employees would have the option of doing their jobs from home or these locations. The firm stated in March that it will acquire Sim;paul Investimentos. The global cryptocurrency exchange community is increasingly focusing on Latin American nations like Brazil as a result of the region’s robust cryptocurrency market. Binance, the

September 21, 2022 2 mins read

The Brazilian Regulatory Body Prohibits Bybit Exchange

The Brazilian Securities and Exchange Commission (CVM), recently announced the ban of prominent cryptocurrency exchange, Bybit. According to the official announcement, the regulatory body ordered the suspension of Bybit, from engaging in the securities brokerage business. CVM stated: “Public offering of any securities intermediary services, directly or indirectly, to Brazilian

September 6, 2022 1 min read

Mercado Bitcoin’s Parent Firm ‘2TM’ Announces Second Layoff

This wave of layoffs follows a round of reductions at 2TM in June. The business laid off 90 people, or 12% of its total workforce of 750 previously. In light of the ongoing crypto winter, 2TM, the parent business of the Latin American exchange Mercado Bitcoin, has announced the second

September 5, 2022 1 min read

Brazil Witnesses Introduction of New Crypto Trading Platforms

In September of last year, Mynt’s release was announced. Key Brazilian broker XP has also shifted its focus to the cryptocurrency market. Bitcoin (BTC) and other cryptocurrencies have been widely adopted by people throughout the globe, and Brazil has become a major hub for the sector. Many smaller banks were

August 16, 2022 2 mins read