Brazil
Brazil's VERT Debuts Tokenized Credit Platform on XRP Ledger With $130M Issuance
The offering, with Ripple's contribution, aims to streamline Brazil’s structured credit market and attract foreign investors.
Hackers Behind $140M Brazil Banking Heist Turn to Crypto to Launder Their Loot
ZachXBT estimates that between $30 million and $40 million has been swapped to crypto through OTC desks and exchanges.
Tether to Mine Bitcoin With Adecoagro in Brazil Using Surplus Renewable Energy
The project aims to monetize surplus energy and potentially add BTC to Adecoagro’s balance sheet.
Brazil’s Méliuz Buys $28.6M in Bitcoin, Becomes Top Public BTC Holder in Latin America
The company reported a BTC yield of 908%, ranking it among the largest among bitcoin treasury companies.
Brazil Sets Flat 17.5% Tax on Crypto Profits, Ending Exemption for Smaller Investors
The tax applies to all crypto assets, regardless of location, and aims to boost tax revenue.
Brazilian Firm Meliuz's Shares Fall After Planning to Raise $32.4M to Buy Bitcoin
The fintech company strengthened its crypto strategy with a discounted share offering and a bitcoin acquisition plan.
Conduit, Braza Group Debut Stablecoin Forex Swaps for Cross-Border Payments in Brazil
Stablecoin rails cut payment processing time to minutes from a few days on traditional SWIFT rails, the companies said.
Crypto Payments Firm RedotPay Enlists Circle Payment Network in Brazil
The CPN collaboration means RedotPay users can now send cryptocurrency directly to Brazilian bank accounts.
Brazilian Fintech Firm Méliuz Plans $78M Equity Offering to Buy Bitcoin, Shares Plunge
The offering includes free subscription warrants and aims to position bitcoin as a primary strategic asset in Méliuz’s treasury.
Leaders of $190M Brazilian Crypto Ponzi Scheme Sentenced to Over 170 Years in Prison
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them.
