Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Meliuz pioneers bitcoin as a corporate reserve asset in Brazil, Argentine crypto wallets face potential extinction, and Ripple launches a pilot to benefit Colombian farmers. Meliuz Purchases 274 BTC, Pioneering Bitcoin Treasury […]
Crypto actors see the ban proposal, spearheaded by the Central Bank of Brazil, as excessive and explain that this move might push companies to operate offshore. An alternative proposal that substitutes the proposed ban with a reporting system was also recently floated. Exchanges Say Stablecoin Self-Custody Ban Proposal Could Push Crypto Offshore in Brazil The
Crypto Exchanges Oppose Brazil’s Stablecoin Self-Custody Ban Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Brazil’s Méliuz has taken a bold step by adding Bitcoin to its corporate treasury. The fintech firm, the first in the country, spent $28.4 million to buy 274.52 BTC at an average price of $103,604 each. Now, its total stash stands at 320 BTC, worth
Brazil’s Fintech Makes History, Shoots $28 Million For BTC Reserve Read More »
Meliuz, a Brazilian cashback company, has completed its pivot to become one of the first public businesses in Brazil and Latam to adopt a bitcoin reserve strategy. Israel Salmen, CEO of Meliuz, stated that shareholders approved the expansion of this strategy and announced a new purchase of BTC. Meliuz Becomes Brazil’s and Latam’s Pioneer in
Meliuz Purchases 274 BTC, Pioneering Bitcoin Treasury Strategy in Brazil and Latam Read More »
Méliuz, a Brazil-based fintech firm, has become the first Bitcoin treasury company in the country, following the acquisition of $28.4 million worth of Bitcoin. Israel Salmen, chairman of Méliuz, announced the acquisition on X, Friday, calling it a “historic day!” “Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first
Brazilian Fintech Firm Méliuz Acquires Bitcoin Worth $28.4M Read More »
The city of Belo Horizonte has turned into a bitcoin capital after lawmakers passed a new bill that seeks to transform it into an innovation hub for crypto and bitcoin companies. The bill, which was passed on Wednesday amid a heated argument between lawmakers, establishes incentives for businesses to accept bitcoin as payment, offering to
Belo Horizonte to Become ‘Bitcoin Capital’ With New Bill Read More »
B3 will launch these new futures on June 16, opening new investment avenues for institutional buyers seeking crypto asset diversification. The bourse also announces changes to bitcoin futures to increase the accessibility of these products, given bitcoin’s recent price hike. Brazilian B3 Announces Solana, Ether Futures Launch; Reduces Bitcoin Futures’ Contract Price The Brazilian Stock
Brazil’s B3 Stock Exchange to Launch Ether and Solana Futures Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Brazil has emerged as the first country to introduce an XRP ETF, providing its investors with a fresh means to tap into the cryptocurrency market. Hashdex Launches XRP ETF On Latin America’s Biggest Exchange Hashdex, an asset manager, listed the XRP spot
Brazil Launches 1st Ever Spot XRP ETF — Is A US Approval Coming? Read More »
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 »
