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The Third Panel of the Brazilian Superior Court of Justice determined that cryptocurrencies can be seized by courts to repay creditors. Brazilian judges have been authorized to seize cryptocurrency assets from debtors who owe money and are behind on their payments, signaling a growing recognition that digital assets can be both a form of payment…
Heading into 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we’d hit the bottom for funding to Latin American fintech startups during the year. While momentum wasn’t a straight shot up and to the right, Packer’s prediction may still have come true. The volume of venture capital dollars invested into fintech companies based…
Running payroll is hard in any country, but perhaps especially so in Brazil thanks to consistently changing laws and extremely influential unions that make it significantly harder to get it right. Fernando Gadotti struggled with this as the co-founder and CEO of DogHero, LatAm’s version of Rover. When Gadotti left the company in 2022, after…
X went back online in Brazil earlier this week, three weeks after Elon Musk’s platform was blocked under orders from Brazil’s Supreme Court. That prompted Brazil’s top court to fine X Corp. nearly $1 million for every day the platform remained accessible in the country. However, Cloudflare’s CEO Matthew Prince tells TechCrunch that X going…
Social network Bluesky said Monday that it now has more than 10 million users on the platform. This is largely thanks to the rapid growth of the network in the past few weeks after Elon Musk-owned X was shuttered in Brazil. “If you’re reading this, you’re one of the first 10 million users on Bluesky!” the…
SpaceX President Gwynne Shotwell made a public plea to one of Brazil’s top judicial figures on Thursday, asking him to “please stop harassing Starlink” amid the ongoing battle in the country against Elon Musk’s social media business X. Musk has been engaged in a months-long dispute with the Brazilian courts, which have been waging a…
A top court in Brazil ordered an immediate, country-wide suspension of the X platform on Friday after a months-long legal battle with Elon Musk’s social media company over content moderation, according to Bloomberg. The court added that anyone using VPN to access the X platform would be subject to daily fines of 50,000 reais…
A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes. A Brazilian congressional committee has recommended local law enforcement move to indict Binance CEO Changpeng “CZ” and three other Binance executives following a probe into financial pyramid schemes in Brazil. On Oct. 10 the…
Fourteen people died in a Saturday plane crash in Northern Brazil, authorities announced. “I deeply regret the death of the 12 passengers and two crew members, victims of the plane crash that occurred this Saturday, in Barcelos,” Wilson Lima, the governor of Amazonas, said in a translated post on X, the platform formerly known as…
The mini-tape includes the brash, thunderous single “Funk Rave,” plus new tracks “Used To Be” and “Casi Casi.” Photo via Publicist Anyone saying it’s a slow week for new music releases clearly isn’t paying enough attention to their left-field pop girlies. You have Madison Beer (surprisingly good), Addison Rae (good but no one’s surprised),…