Brazil Archives - Page 2 of 4

Brazil’s Ambassador to India Addresses BRICS Currency Speculation

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BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among emerging economies to reduce reliance on the U.S. dollar has led to […]

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Brazil’s Central Bank Hack Sparks M Crypto Laundering in BTC, ETH

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

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A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave of crypto laundering, with at least $40 million in stolen funds funneled into Bitcoin, Ethereum, and stablecoins. Key Takeaways: Hackers stole nearly $148 million from Brazilian banks by breaching C&M Software’s systems. At least $40 million was laundered

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Tether Plants Crypto Roots In Renewable Farming: Bitcoin Mining Heads To Brazil

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US-based stablecoin giant Tether Holdings and South American agribusiness Adecoagro have teamed up to mine Bitcoin using excess clean power. According to a release, Adecoagro will set aside part of its 230 MW renewable energy capacity for crypto mining. This move aims to

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Hackers Steal 0M from Brazilian Banking System in Largest-Ever Attack, Cash Out via Bitcoin and USDT

Hackers Steal $180M from Brazilian Banking System in Largest-Ever Attack, Cash Out via Bitcoin and USDT

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Criminal hackers exploited a critical vulnerability in a Brazilian banking infrastructure on Monday, stealing over R$1 billion (~$180 million) from reserve accounts in what authorities called the largest cyberattack in the country’s financial history. According to Brazil Journal, C&M Software, a Central Bank-authorized service provider that handles API connections for financial institutions in Brazil, became

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$180 Million Hacked From Brazilian Banking System: Attackers Cashed out Using Crypto

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According to local media, this may be the largest hack ever perpetrated against the Brazilian banking system. Attackers leveraged USDT and bitcoin to cash out through exchanges and crypto institutions, using instant payment systems such as Pix. Brazilian Banking System Exploited: Attackers Cash out Using Crypto The Brazilian banking system has faced what might be

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Latam Insights: Meliuz Surges as Bitcoin Power, Crypto Adoption Rises Sky High in Bolivia

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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 claims the bitcoin throne in Brazil and the region, Bolivia’s crypto adoption grows to record levels, and Brazil announces a public consultation on accounting rules for digital assets. Meliuz Becomes the

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Latam Insights: Argentina Achieves Historic Milestone, Brazil Battles Crypto Tax

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Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Argentina has achieved its lowest inflation levels in five years, Brazil is contesting Lula’s cryptocurrency tax in Congress, and Argentina has blocked access to HTX. Argentina’s Economic Miracle: Milei Achieves Lowest Inflation in

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Brazilian Government Opens Contract to Monitor Cryptocurrency Transactions

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Brazilian authorities are seeking a software solution that allows them to track the locations and movements of various cryptocurrency projects nationwide. The objective of this proposal is to enhance the state’s capabilities in combating cryptocurrency-related crime. Brazilian Authorities Open Contract for Cryptocurrency Tracking Solution Tracking and enhancing control of crypto funds has become a necessity

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Brazil’s Congress up in Arms Against ‘Flawed’ Cryptocurrency Tax Decree

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The Provisional Measure issued by the Brazilian government to impose a flat fee on cryptocurrency income is being contested in Congress, as some believe it may exceed the executive’s jurisdiction on tax matters, thereby bypassing the institution’s mandate. Flat Cryptocurrency Tax Decree Contested in Brazilian Congress Cryptocurrency taxation is becoming a hot topic in Brazil,

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Brazilian Lawmaker Proposes Scrapping Crypto Tax for Long-term Investors

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The Brazilian lawmaker Eros Biondini has created a draft bill that proposes doing away with crypto tax, particularly in the case of citizens who hold Bitcoin (BTC) as a long-term store of value. The MP has filed his bill in the Chamber of Deputies, the Portuguese-language media outlet Livecoins reported. Brazilian Crypto Tax: Could Levies

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