Argentina Overtakes Brazil in Crypto Inflows
Argentina leads Latin America in crypto inflows with $91 billion, slightly surpassing Brazil’s $90 billion, according to Chainalysis. Argentina, a cryptocurrency market experiencing rapid expansion, has overtaken Brazil as the leading Latin American country in terms of the estimated amount of bitcoin users have brought in. Chainalysis published a survey on October 9 revealing that […]
Crypto Giants Team up to Launch Real-Pegged Stablecoin
Foxbit, Bitso, and Mercado Bitcoin, Brazil’s leading cryptocurrency exchanges, launched BRL1, the first Brazilian Real stablecoin. On October 8, Mercado Bitcoin, Foxbit, and Bitso will introduce a stablecoin tethered to the Brazilian Real, called BRL1, according to Brazilian media site Valor. Ethereum and Polygon will host the Brazil stablecoin, which is scheduled for release later […]
Brazil Police Bust $9.7b Crypto Laundering Scheme
In a massive financial crime investigation, Brazilian authorities found a $9.7 billion cryptocurrency laundering network and arrested several people. Authorities in Brazil have taken decisive action against a cryptocurrency-based, multi-billion dollar money laundering network operating in several cities, including São Paulo, Fortaleza, and Brasília. Blockchain forensic company TRM Labs revealed in a blog post on […]
Circle Links USDC with National Payment Systems in Brazil, Mexico
USDC is now available in Brazil and Mexico’s banking systems, allowing businesses to use the USD-pegged stablecoin directly through local financial institutions. Circle has integrated its USD-pegged stablecoin, USD Coin (USDC), with Brazil and Mexico’s national real-time payment systems. In a Sept. 17 announcement , Circle revealed that USDC is now accessible within the banking […]
X Halts AI Chatbot Data Collection to Comply with EU Data Laws
X has settled its legal dispute with the European Data Protection Commission by agreeing to discontinue AI data collection practices and erase user data. The European Union’s investigation into the social media platform X has concluded after the platform agreed to comply with the European Data Protection Commission’s (DPC) requirements. On September 4, X committed to […]