Brazil
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.
Brazil’s Largest Bank Itaú Unibanco Mulls Its Own Stablecoin
The bank’s decision will depend on regulatory developments in Brazil and the success of stablecoin rollouts by U.S. financial institutions.
Brazil Bars Major Pension Funds From Investing in Cryptocurrencies
The move contrasts with developments in other countries, such as the U.S. and U.K., where some pension funds have begun to experiment with crypto exposure.
Brazil’s Postal Service Seeks Blockchain, AI Solutions for Operations
Through a pre-selection process it aims to find blockchain and AI-based solutions to enhance its operations.
Brazilian Fintech Méliuz to Allocate 10% of Cash Reserves to Bitcoin
The company has already purchased $4.1 million worth of BTC as part of its long-term treasury strategy.
Brazilian Stock Exchange B3 Reportedly Launching Bitcoin Options, ETH and SOL Futures
The move builds on its successful bitcoin futures trading and is set to strengthen Brazil’s cryptocurrency market.
