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“There was a lot of excitement for crypto in Brazil,” Reinsberg said. “But, specifically in the Celo community, we have seen a lot of teams built on Celo, integrated with Celo, using cUSD. From the outset, Brazil was obviously one of the strongest markets in terms of adoption.” Source
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This article is adapted from CoinDesk Brasil, a brand-new partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.Brazil-based asset manager Hashdex will launch an exchange-traded fund (ETF) following 12 DeFi tokens.The product will be listed on the Brazilian stock exchange B3
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Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cryptox Brazil reported.Paes reportedly announced plans for “Crypto Rio,” or turning the city into a cryptocurrency hub during Rio Innovation Week on Thursday, according to a report by local news
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On the Brazilian stock exchange, B3, Hashdex already listed the Nasdaq Hashdex Bitcoin Reference Price Index Fund, a fully bitcoin-based ETF that seeks to neutralize carbon emissions, and an ether-backed ETF. In Brazil, it also launched a bitcoin-backed fund aimed at qualified investors. Source
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Mercado Bitcoin currently has 3.2 million users, a figure that represents 80% of the accounts held by individuals on the Brazilian stock exchange, said Dagnoni, who added that Mercado Bitcoin’s trading volume totaled $7 billion between January and October 2021. Original Source
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Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants
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The cryptocurrency industry continues to expand as many financial players join to utilize its constantly emerging opportunities. There have been plans amongst many central banks around the globe to launch digital coins in the name of CBDCs. Many financial institutions, especially in the investment markets, are taking the lead to support
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Orsolini Filho added that the company implemented the bitcoin trading feature following research conducted at the company’s request that showed potentially strong demand for the service. According to the data, 81% of Brazilian digital banks’ users already know or have heard of cryptocurrencies, while another 54% do not invest in
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One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the
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A 4-year-old girl has reportedly earned over 6,500% profit on a one Bitcoin (BTC) gift she received on the day of her birth. João Canhada, the founder of a Brazilian crypto exchange Foxbit, gifted 1 BTC to his newborn daughter, roughly worth $915.80. Sharing details on the event, Canhada said:“As soon
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