Around $80 million has been frozen or recovered from the attack, the largest in history to affect Brazil's financial infrastructure.
ZachXBT estimates that between $30 million and $40 million has been swapped to crypto through OTC desks and exchanges.
The project aims to monetize surplus energy and potentially add BTC to Adecoagro’s balance sheet.
The project aims to monetize surplus energy and potentially add BTC to Adecoagro’s balance sheet.
The company reported a BTC yield of 908%, ranking it among the largest among bitcoin treasury companies.
The tax applies to all crypto assets, regardless of location, and aims to boost tax revenue.
The fintech company strengthened its crypto strategy with a discounted share offering and a bitcoin acquisition plan.
Stablecoin rails cut payment processing time to minutes from a few days on traditional SWIFT rails, the companies said.
The CPN collaboration means RedotPay users can now send cryptocurrency directly to Brazilian bank accounts.
The offering includes free subscription warrants and aims to position bitcoin as a primary strategic asset in Méliuz’s treasury.
The Ponzi scheme's founders were also sentenced to decades in prison last year, though they currently await extradition in Argentina.
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them.
The bank’s decision will depend on regulatory developments in Brazil and the success of stablecoin rollouts by U.S. financial institutions.
The move contrasts with developments in other countries, such as the U.S. and U.K., where some pension funds have begun to experiment with crypto exposure.
Through a pre-selection process it aims to find blockchain and AI-based solutions to enhance its operations.
The company has already purchased $4.1 million worth of BTC as part of its long-term treasury strategy.
XRP surged ahead of Bitcoin and Ethereum in the past 24 hours after securing its first spot exchange-traded fund (ETF) approval in Brazil. Data from CryptoSlate shows that the token’s value jumped by 6% during this period, reaching $2.75, making it the best performer among the top 10 cryptocurrencies by market capitalization. This upward trend […]
The post XRP outperforms Bitcoin and Ethereum following news of Brazilian ETF approval appeared first on CryptoSlate.
The move builds on its successful bitcoin futures trading and is set to strengthen Brazil’s cryptocurrency market.
US spot Bitcoin ETFs have contributed to 100% of the record-breaking $44.2 billion crypto ETF inflows in 2024, according to CoinShares.
The world’s largest cryptocurrency exchange secured regulatory authorization from the Brazilian government to buy the country’s licensed broker-dealer Sim;paul, allowing Binance to penetrate the crypto market of the South American nation. Binance made history after getting a broker-dealer license from Brazilian state authorities, becoming the first cryptocurrency exchange to obtain such license in Brazil. Related […]
Binance, the largest crypto exchange by trading volume, has secured regulatory approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer, according to a Jan. 2 statement. Binance is the first crypto exchange in Brazil to hold such a license. The licensing would allow the firm to offer enhanced financial services and […]
The post Binance becomes first crypto exchange with broker-dealer license in Brazil appeared first on CryptoSlate.
The approval makes Binance the first crypto exchange to have a broker-dealer license in Brazil.
Crypto execs are confident that it won’t be easy to enforce Brazil’s self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable.
Brazil, the second-largest market for stablecoin transactions, could be set to ban stablecoin withdrawals to self-custodial wallets like MetaMask.
As part of its efforts to keep up with changes in the financial world, the Brazil Central Bank (BCB) wants new rules on virtual currencies, especially stablecoins. The Central Bank said in a press release on November 29 that there would be a public consultation notice with a plan on how to regulate virtual asset […]
New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience.
Hyla Fund Management wants to become the Goldman Sachs of crypto. The firm plans on launching a new Latin America crypto fund as part of its strategy.
Brazil continues to see an increase in crypto activity as digital asset imports reach $1.4 billion in September.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Argentina’s stablecoin market is one of the largest in the world in terms of share of stablecoin transactions, beating the global average by 17%.