Brazil
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Brazil Central Bank Narrows DREX Project, Moves Away From Blockchain
Banco Central do Brasil is narrowing the focus of its DREX digital currency project.The project will shift from exploring blockchain towards enabling asset-based lending...
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Brazil’s Pix Payment System Sparks US Worries Over De-Dollarization
Brazil’s Central Bank runs Pix, a payment system attracting scrutiny from U.S. officials.
The system settled over $450 billion in transactions last quarter,...
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Brazil Central Bank Signals Easing of Crypto and Stablecoin Rules
Banco Central do Brasil is considering a softer stance on self-hosted wallets and cross-border cryptocurrency use after industry feedback.
Initial proposals aimed to restrict these...
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XRP Surges 7.5% as SEC Reviews ETF Applications, Brazil Approves First Spot XRP Fund
Multiple asset managers including WisdomTree and Canary Capital have filed for XRP ETFs, initiating a 240-day SEC review period.
XRP's price surged 7.5% to $2.71,...
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Brazil Bans Crypto Rewards for Iris Scans as World Network Faces Regulatory Hurdle
Brazil's data protection agency ANPD halts World Network's crypto incentives for iris scans.
The suspension takes effect from January 25, 2024.
Regulators determined crypto rewards could...
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Elon Musk in Legal Tug-of-War with Brazil’s Supreme Court Over Social Media Bans
Elon Musk is fighting a legal battle with Brazil's Supreme Court over orders to ban certain social media accounts.Justice Alexandre de Moraes accuses Musk...
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Latam Gateway Receives License to Operate as Payment Provider for Binance in Brazil
Latam Gateway, the payment provider for Binance in Brazil, received on 19 May a licence from the country's central bank to operate as a...
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Mastercard and Binance Join Forces in Brazil
Mastercard and Binance have announced a partnership to issue a prepaid card in Brazil, Latin America's largest economy.The move comes as the crypto exchange...
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OpenAI Faces Race to Bridge Revenue Gap in Trillion Dollar Gamble
OpenAI plans to spend over $1 trillion on Artificial Intelligence development and infrastructure over the next decade.
The company currently...
Altcoins Surge as Fed Signals Rate Cut; Bitcoin Eyes $130K Upside
Altcoins, including Ethereum and Solana, led gains as cryptocurrency markets rebounded mid-week.
Federal Reserve signals potential interest rate cuts, boosting...
Bitcoin Stabilizes as Musk Sparks Rally, Fed Signals Dovish Turn
Bitcoin steadied at around $112,000 after recent market volatility.
Elon Musk made a bullish move on bitcoin, affecting market sentiment.
Federal...
