2TM lays off 12 percent of its employees due to crypto crash
Crypto trading experienced another negative a crypto exchange in Brazil, 2TM, laid off around 90 workers in a scheme called crypto winter. According to reports, the crypto company decided on this move after its revenue decreased due to the deficit in crypto negotiations. The crypto platform would rank first in virtual commerce in Brazil and […]
Nubank, the leading digital bank in Brazil, introduces Bitcoin and Ether trading
Nubank, Brazil’s leading digital bank by market cap, said on Wednesday that users would be able to trade bitcoin (BTC) and ether (ETH) on its network. To show its confidence in bitcoin, Nu Holdings, the parent company of Nubank, will invest in BTC. The entity stated that it would invest around one percent of the […]
Brazil’s 2TM Group acquires CriptoLoja as it expands
TL;DR Breakdown 2TM intends to extend its wings into Europe. The firm expects to begin with over-the-counter operations as they establish more phases. Brazil’s 2TM Group, a Softbank-backed Brazilian company, has said that it is getting a substantial stake in CriptoLoja. 2TM did not specify the figures of the acquisition or the stake. At the […]
Brazil fintech firm to expand globally by incorporating crypto
TL;DR Breakdown Brazilian fintech firm Dock to add support for crypto. Dock to expand to Latin America and Europe. Crypto adoption surging in Brazil. Dock, a Brazilian financial services firm, has announced that it will start utilizing crypto to carry out foreign remittances. As per a Reuters report on Jan. 21, the fintech service provider […]
Bitso signs crypto ad contract with Brazilian soccer team
TL;DR Breakdown • The exchange logo will appear on the Brazilian team jerseys.• Bitso could activate ticket payments for soccer matches in Brazil in the coming months. Crypto companies have been using sports organizations to boost their projects and thus gain power in commerce. The Latin American exchange Bitso announced its partnership with a Brazilian […]
Brazil legislator proposes bill for workers to be paid in Bitcoin
TL;DR Breakdown Brazil legislator pitches proposal for workers to be paid in Bitcoin. Proposessysteic integration of Bitcoin payment for salary earners. Calls Bitcoin the fourth revolution. Deputy Luizão Goulart, a Brazil legislator (member of Brazil chamber), has proposed a bill to allow public and private sector workers to be paid in bitcoin. The Brazil legislator […]
Central Bank of Brazil says country to shift to digital payment
TL;DR Breakdown Brazil Central Bank says country to shift to digital payment Central Bank of Brazil to roll out CBDC 2022 João Manoel Pinho de Mello, the Director of the Central Bank of Brazil (BCB) has highlighted the importance of digital currency noting that the country was exploring ways to shift from paper currency to […]
Another ‘Bitcoin king’ nabbed in Brazil after 7,000 BTC heist
TL;DR Breakdown Bitcoin king, a crypto scammer arrested in Brazil How US authorities and Brazil authorities bursted similar crypto criminals in 2020 Authorities in Brazil have caught up with Claudio Oliveira, better known as “The Bitcoin King,” after heisting about 7,00 Bitcoin. He is being charged with fraud and money laundering. Authorities in Brazil said […]
Biggest Bitcoin exchange in Brazil pushing to expand across Latin America
TL;DR Breakdown Mercado Bitcoin exchange wants to expand across South America. The exchange raised over $35 million in funding The largest Bitcoin exchange in Brazil, Mercado Bitcoin, has announced its intention to spread its tentacles over South America. This was made known by Reinaldo Rabelo who is the CEO of the crypto exchange firm. According […]
Crypto fraud: US seizes $24M in crypto from major investment fraud in Brazil
A major crypto fraud scheme in Brazil has been halted by the Brazilian authorities. DOJ aided in the seizure of millions of dollars from one of the conspirators. In cooperation with the Brazilian authorities, the United States Department of Justice has helped to shut down a major cryptocurrency investment fraud in Brazil. According to information […]
Two US agribusiness joins blockchain venture to streamline operations in Brazil
Grains and oilseeds companies partners to boost operations in Brazil. The blockchain platform is expected to debut by next year. Agricultural is one other sector where blockchain technology is steadily harnessed to improve business operations in the farms. Many agribusiness companies are using technology today to boost food supply chain tracking as well. Today, several […]
Bitcoin now accepted by largest multi-brand store in Brazil
Largest multi-brand store in Brazil now accepts cryptocurrency According to the recent Twitter post, Tony Veiculos, one of the three largest car stores throughout Brazil now accepts Bitcoin. As the king of cryptocurrency continues to proceed into the future as the 6th largest currency in the world, now even 40-year established businesses such as Tony […]
