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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. Today in crypto: Itaú Asset has recommended that investors hold 1% to 3% of their portfolios in Bitcoin next year, NYDIG says tokenization won’t hugely benefit crypto…
Brazil’s largest private bank says Bitcoin can improve portfolio diversification and hedge currency risk despite a volatile year for the asset. Itaú Asset Management, the investment arm of Brazil’s largest private bank, Itaú Unibanco, has recommended that investors hold 1% to 3% of their portfolios in Bitcoin next year. In a new research note, Itaú…
The rollout lets users convert crypto to local currency and pay merchants via QR codes, tapping Latin America’s biggest crypto market. KuCoin Pay has integrated with Pix, Brazil’s central bank-run instant payments network, allowing users to convert and spend cryptocurrencies at any merchant that accepts Pix QR codes. The launch taps into one of the…
Alert: A WhatsApp worm is spreading a banking trojan in Brazil, targeting crypto wallets and financial logins. Brazilian crypto holders are urged to be on the lookout for a sophisticated hacking campaign that includes a hijacking worm and banking trojan shared via WhatsApp messages. According to a new report from Trustwave’s cybersecurity research team SpiderLabs,…
Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments. The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank,…
Brazil’s 17.5% crypto tax signals a global shift as governments eye digital assets for revenue, ending the era of tax-friendly crypto investing worldwide. Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June,…
Brazil’s 17.5% crypto tax signals a global shift as governments eye digital assets for revenue, ending the era of tax-friendly crypto investing worldwide. Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June,…
Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings. Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the…
Brazilian fintech firm Méliuz’s shareholders officially approved a Bitcoin treasury proposal on May 15, with the firm also announcing it acquired another 274.5 Bitcoin. Méliuz’s executive chairman says his fintech firm has become Brazil’s first publicly-traded Bitcoin treasury company following shareholder approval, with the firm also announcing it bought $28.4 million worth of Bitcoin to…
Apocalypse in the Tropics, a powerful Portuguese-language documentary feature about the rise and impact of Christian nationalism in Brazil, with eerie echoes of its rise and impact in America, will be eligible for recognition during the 2025-2026 awards season despite having screened at numerous major film festivals in 2024, The Hollywood Reporter has learned. Indeed,…