The cryptocurrency industry is mobilizing in Brazil to shut down the Provisional Measure that expands the crypto income tax for all users. …
Brazilian
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Adoption
Brazilian firm VERT pioneers $130 million agribusiness tokenization on XRP Ledger
by shayaanby shayaanVERT, a Brazilian fund management and securitization firm, has launched a blockchain-based platform on the XRP Ledger (XRPL) to modernize the issue …
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Smart Contracts
How a Hacker Spent Only $2.7K to Steal $140 Million From Brazilian Banks
by shayaanby shayaanIn short Hackers have stolen $ 140 million from a network of Brazilian banks connected to the country’s central banking system. The …
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Finance
Brazilian Firm Meliuz’s Shares Fall After Planning to Raise $32.4M to Buy Bitcoin
by shayaanby shayaanBrazilian fintech firm Meliuz (CASH3)plans to raise R180.08 million ($32.4 million) through an equity offering, according to a filing. The funding is …
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Regulation
Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities
by shayaanby shayaanA new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in …
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Markets
Brazilian Fintech Firm Méliuz Plans $78M Equity Offering to Buy Bitcoin, Shares Plunge
by shayaanby shayaanBrazilian fintech Méliuz (CASH3), which serves over 30 million users in the country, is launching a public share offering to raise up …
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Adoption
Brazilian Méliuz announces $26M share sale to grow Bitcoin treasury, shares drop 7%
by shayaanby shayaanBrazilian company Méliuz shares traded 7% lower at R$8.20 on May 30 amid the company’s announcement of a primary share sale that …
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Smart Contracts
Brazilian Fintech Méliuz Launches Share Offering to Stack More Bitcoin
by shayaanby shayaanIn short Brazilian fintech Méliuz has announced a supply offer to finance extra Bitcoin purchases for his treasury. The FinTech already has …
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Markets
Leaders of $190M Brazilian Crypto Ponzi Scheme Sentenced to Over 170 Years in Prison
by shayaanby shayaanA Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one …
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Regulation
Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison
by shayaanby shayaanThe Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified …