Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin
Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon,…
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Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution
Ripple is expanding its digital payments service in Brazil, partnering with Mercado Bitcoin to offer faster, cheaper cross-border transactions. This move positions Ripple Payments as a key player in the…
Brazilian Crypto Exchange Mercado Bitcoin Launches Flexible Crypto Collateralized Loans
Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be…
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up
Along with the recent wave of lawsuits, this week’s Crypto Biz also explores Apple’s new headset, Brazil’s Mercado Bitcoin payments arm and how regulators are targeting AI-generated fake news.
Brazil’s crypto exchange Mercado Bitcoin licensed as payment provider: Report
As a payment institution, the new fintech MB Pay will enable certain digital banking services to the crypto exchange's users in the country.
Brazilian Cryptocurrency Bill Resurfaces After General Ballot
The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to…
Brazilian Securities Regulator CVM Might Create a Supervision Unit to Deal With Crypto Markets
On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said…
Brazilian Securities and Exchange Commission CVM Subpoenas Mercado Bitcoin on Fixed Income Token Investments
The Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends…
Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is…
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
The latest data debrief issued by Kaiko, a provider of digital assets market data, has found that while there is retail movement in Latam regarding crypto assets, most liquidity is…