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“# Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status ” 2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across Latin America, sending a strong signal that venture capital sees growth potential in the region. The Series B fundraiser had…
“#Brazil government hid surge in deforestation ahead of UN summit” Brazilian government authorities kept statistics about a dramatic rise in deforestation in the Amazon Rainforest under wraps during the recent United Nations Climate Summit in Glasgow, according to a report. The Amazon region lost 5,100 square miles of rainforest between August 2020 and July 2021.AP…
“# Largest cryptocurrency exchange in Latin America to develop renewable energy tokens ” In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado Bitcoin said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to…
“# Brazilian federal deputy proposes crypto payment option for workers ” Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers. Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for…
“# Brazilian toddler makes over 6,500% profit on her first Bitcoin holding ” A 4-year-old girl has reportedly earned over 6,500% profit on a one Bitcoin (BTC) gift she received on the day of her birth. João Canhada, the founder of a Brazilian crypto exchange Foxbit, gifted 1 BTC to his newborn daughter, roughly worth…
“# Brazil aims to tighten penalties for crypto-related financial crimes ” Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto. Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties for financial crimes that employ cryptocurrencies…
“# Brazil Stock Exchange wants to provide oracles for digital real ” Brazil Stock Exchange (B3), one of the world’s few exchanges trading Bitcoin (BTC) exchange-traded funds, is exploring ways to provide data inputs for the country’s central bank digital currency, or CBDC. Luis Kondic, managing director of listed products and data at B3, claimed…
“#Brazil’s health minister Marcelo Queiroga tests positive for COVID in NYC” Brazil’s Health Minister Marcelo Queiroga tested positive for COVID-19 hours after attending the UN General Assembly in the Big Apple on Tuesday, government officials said. Queiroga will now quarantine in the city for the next 14 days and Brazilian diplomats will not attend meetings…
“# Top Brazilian investment bank BTG Pactual launches crypto trading app ” Leading Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies. The bank’s Mynt platform currently allows users to purchase Bitcoin and Ether, with BTG Pactual expressing its intention to launch support for additional crypto…
“# Visa reportedly aims to integrate Bitcoin payments in Brazil ” In a recent interview with local Brazilian news outlet Seu Dinheiro, Eduardo Abreu, Vice President of new business at payments giant Visa, revealed the company’s intentions to integrate crypto assets onto its platform for both payments and as a store of value, including the…