Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the first XRP ETF debuts in Brazil, Argentina keeps winning the dollar battle, and experts warn about an energy collapse in Paraguay due to bitcoin mining. XRP ETF Launches in […]
Latam Insights: XRP ETF Debuts in Brazil, Argentina Keeps Trumping the Dollar Read More »
An XRP ETF has launched in Brazil, expanding regulated crypto investment and supporting XRP’s global adoption. Hashdex’s XRP ETF Debuts Global crypto asset manager Hashdex announced on April 25 via social media platform X the launch of XRPH11, which it described as “the world’s first XRP ETF” and “another crypto milestone on the Brazilian stock
XRP ETF Launches in Brazil, Securing Regulated XRP Access for Investors Read More »
Brazil has made history by launching the world’s first exchange-traded fund (ETF) that tracks the spot price of XRP, Ripple’s native cryptocurrency. The fund began trading on April 25 on Brazil’s primary stock exchange, B3, according to a press release from Valor Econômico. Named Hashdex Nasdaq XRP Fundo de Índice (FI), the ETF is managed
Brazil Launches World’s First Spot XRP ETF on B3 Exchange Read More »
Brazilian police have confiscated cryptoassets worth $45,000 in a major raid on a protection racket ring that appears to have targeted businesspeople in the south of the country. The Portuguese-language media outlet Livecoins reported that officers served multiple warrants in several cities in the state of Rio Grande do Sul. Police think that the gang’s
Brazilian Police Seize $45,000 Worth of Crypto in ‘Protection Racket’ Raid Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A federal court in Brazil has handed down a 128-year prison sentence to a major leader of a crypto Ponzi scheme syndicate that defrauded investors of over a hundred million dollars. Two other individuals also received lengthy prison sentences, while others were
Brazilian Judge Issues 128-Year Sentence To $190 Million Ponzi Mastermind Read More »
The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators Receive Combined Sentences of Over 170 Years in Prison
Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison Read More »
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how an unfortunate ruling has brought cryptocurrency closer to being considered money in Brazil, making it seizable for settling debts. Latam Insights Encore: Crypto Gives a New Step to Become Money
Seizable? Indeed! Crypto Is Now Closer to Functioning as Money in Brazil Read More »
Brazil’s Superior Court of Justice has ruled that judges can now authorize the seizure of cryptocurrency assets from individuals who have defaulted on their financial obligations. The decision reflects the country’s growing acceptance of digital assets as legitimate financial instruments. The unanimous ruling, delivered by the court’s Third Panel, allows judges to notify cryptocurrency exchanges
Brazil Authorizes Judges to Seize Crypto from Debtors in Landmark Ruling Read More »
An individual wanted by Interpol, lost $50 million in a kidnapping that involved drugs, fake police officers, and a daring escape in Brazil. Rodrigo Perez was kidnapped on March 24 by fake police officers who kept him drugged and handcuffed to a bed for five days. Fake Police Officers Kidnap Alleged Scammer in Brazil, Stealing
A Thriller Gone Real: Alleged Scammer Kidnapped by Fake Police, Loses $50 Million Read More »
Almost half of Brazilian investors have put their money into crypto, a new survey has found, with adoption rising in the wider Latin American region. Most of the survey respondents said they were turning to crypto in hope of making “big” returns on their investments. Brazilian Crypto Interest on the Rise The survey, conducted by
42% of Brazilian Investors Have Bought Crypto – Survey Read More »
