Brazil

Brazil

Finance

How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America

Hyla Fund Management is starting a new LatAm crypto funds and wants to become the "Goldman Sachs for digital assets."

Paola Origel, the CEO and co-founder of Hyla Fund Management. (Credit: Hyla Fund)

Finance

Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution

Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.

Payments network built on Sui (Steve Johnson/Unsplash)

Finance

Circle's USDC in Brazil and Mexico Now Available to Businesses Via Banking System

Previously, the stablecoin could only be purchased through crypto exchanges.

(Sandali Handagama/ CoinDesk)

Policy

Visa and Santander Selected by Brazil’s Central Bank for a Second Phase of CBDC Pilot

In May 2023, the BCB selected 14 participants for the first phase of the pilot.

BlackRock's iShares Ethereum Trust (ETHA) coming to Brazil’s B3 exchange (Unsplash)

Finance

Elon Musk's X Is Reportedly Now Banned in Brazil Following Judge's Ruling

Use of a VPN to circumvent the prohibition could lead to hefty fines, according to media reports.

Elon Musk (Richard Bord/WireImage)

Finance

BlackRock Lists Ethereum ETF on Brazilian Stock Exchange

The company earlier this year listed its iShares Bitcoin Trust ETF in the South American country.

BlackRock's iShares Ethereum Trust (ETHA) coming to Brazil’s B3 exchange (Unsplash)

Finance

Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin

Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances.

A Mercado Libre distribution centre. (Ministry of Economy, Government of Chile)

Finance

Second Solana ETF Approved in Brazil

The product will be launched by Brazil-based asset manager Hashdex in partnership with local investment bank BTG Pactual.

Rio de Janeiro, Brazil (Raphael Nogueira/Unsplash)

Policy

Binance to Pay $1.7M to Brazilian Securities Commission to End Probe Into Unauthorized Derivatives Offering

The Latin American country's agency had rejected Binance’s previous proposal, made in August 2023, to end an investigation into its derivatives products.

(Vadim Artyukhin/Unsplash)

Finance

Digital Assets Infrastructure Provider Parfin Raises $10M in Series A Funding

The company plans to reach $16 million by the end of a second closing.

Parfin co-founders (left to right): Alex Buelau, Marcos Viriato and Cristian Bohn (Parfin)