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Brazilian Crypto Firm 2TM Announces Second Round of 15% Layoffs

Brazilian Crypto Firm 2TM Announces Second Round of 15% Layoffs

2TM - the Brazilian startup that owns the Mercado Bitcoin cryptocurrency exchange - announced Thursday that it will lay off 15% of its workforce, or about 100 employees.

Brazilian Couple Behind $400M Crypto Ponzi Scheme Nabbed in Argentina

Brazilian Couple Behind $400M Crypto Ponzi Scheme Nabbed in Argentina

Authorities in Argentina have arrested a Brazilian couple accused of masterminding a $400 million cryptocurrency Ponzi scheme.

Brazil and Argentina explore a common currency

Brazil and Argentina explore a common currency

Coinbase CEO Brian Armstrong promotes Bitcoin for Brazil and Argentina. A alternative currency to the Argentine peso and Brazilian real is being prepared by the two South American nations. BTC might become the second-largest currency bloc after the US dollar.

Brazil's largest private bank Launches Crypto Trading Platform in Brazil

Brazil's largest private bank Launches Crypto Trading Platform in Brazil

Brazil's largest private bank, Itaú Unibanco, has launched a cryptocurrency trading service, offering Bitcoin and Ethereum trading, with plans to expand further.

Brazil's Digitra.com Launches Crypto Platform Using Nasdaq's Cloud-Based Tech

Brazil's Digitra.com Launches Crypto Platform Using Nasdaq's Cloud-Based Tech

Digitra.com is leveraging Nasdaq’s marketplace services platform to enhance digital assets trading offerings.

Bybit Enters Brazil After Govt Approval for Crypto

Bybit Enters Brazil After Govt Approval for Crypto

Dubai-based cryptocurrency trading platform, Bybit has announced its full-scale expansion into Latin America through Brazil.

Latin America's Macro Crossroads: From Crisis Hangover to Nearshoring, Rate Cuts, and New Risks

Latin America's Macro Crossroads: From Crisis Hangover to Nearshoring, Rate Cuts, and New Risks

Latin America is projected to grow 2% in 2024, driven by recovery in Argentina and Brazil. Inflation is down, with potential rate cuts ahead, but risks remain high.

Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin

Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin

Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a retail platform called WhaleFin.

Major Brazilian Investment Bank BTG Pactual Opens Crypto Trading Services to Customers

Major Brazilian Investment Bank BTG Pactual Opens Crypto Trading Services to Customers

BTG Pactual, a central investment bank in Brazil, is developing its cryptocurrency trading service in response to increased demands from its customers who want to invest in crypto assets.

Rio de Janeiro to Accept Crypto Property Tax Payment from 2023

Rio de Janeiro to Accept Crypto Property Tax Payment from 2023

Rio de Janeiro is gearing up to be the first city on Brazilian soil to accept tax payments in cryptocurrencies from 2023.

Brazil's Digital Banking Platform Nu Holdings Adds 5.7m new customers in Q2

Brazil's Digital Banking Platform Nu Holdings Adds 5.7m new customers in Q2

Nu Holdings has added 5.7 million new customers in the second quarter of 2022. The Brazilian digital banking unicorn now has 65.3 million people and businesses using its services.

Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin

Japan’s SoftBank leads $200 million investment in Brazil’s Mercado Bitcoin

Japan SoftBank recently invested $200 million into the Mercado Bitcoin crypto exchange in Brazil, which is considered the largest raised through a Series B funding round in Latin America’s history.

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