Brazil

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...

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,...

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...

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,...

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...

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...

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...

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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Gold, Bitcoin buyers split, hedging bets for 2026

Gold's recent rally to $5,600 an ounce has been driven by central bank buying for geopolitical security, while Bitcoin...

Scaramucci: Bitcoin Bear Market Due to Four-Year Cycle

SkyBridge's Anthony Scaramucci attributes the current Bitcoin bear market to the four-year cycle and long-term holders selling at the...

Resolv Labs USR Stablecoin Hacked, Loses Dollar Peg

Resolv Labs confirmed the exploit hit the issuance mechanics of its USR stablecoin, causing a dramatic depeg to as...

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