Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum

One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum.

Brazilian toddler makes over 6,500% profit on her first Bitcoin holding

A father's gift of 1 BTC (roughly $915.80) to his newborn daughter back in 2017 is now worth more than $60,000. A 4-year-old girl has reportedly earned over 6,500% profit on a one Bitcoin (BTC) gift she received on the day of her birth. João Canhada, the founder of a Brazilian crypto exchange Foxbit, gifted 1 BTC to his newborn daughter, roughly worth $915.80.

Brazilian Lawmaker Aims to Make Bitcoin a Legal 'Payment Currency'

A bill that seeks to regulate Bitcoin and other cryptocurrencies is expected to go to the Chamber of Deputies for debate in the next few days.

Brazil aims to tighten penalties for crypto-related financial crimes

The penalties are part of a new piece of legislation that also regulates crypto trading and payments. Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto.Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties for financial crimes that employ cryptocurrencies like Bitcoin (BTC), according to an official announcement on Sept.

JPMorgan Facing Money Laundering and Bribery Allegations Over Massive Oil Purchase

JPMorgan Chase bank is under investigation by Brazilian authorities for an alleged money laundering and bribery plot involving 300,000 barrels of fuel.

Major Brazilian Investment Bank BTG Pactual Opens Crypto Trading Services to Customers

BTG Pactual, a central investment bank in Brazil, is developing its cryptocurrency trading service in response to increased demands from its customers who want to invest in crypto assets.

Major Brazilian Bank BTG Pactual to Offer Investment Options in Bitcoin and Ethereum

By launching the platform Mynt, Brazil's top financial institution - BTG Pactual - would enable its customers to trade bitcoin and ether.

Top Brazilian investment bank BTG Pactual launches crypto trading app

Initially supporting BTC and ETH only, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins. Leading Brazilian investment bank BTG Pactual has launched a new platform enabling customers to make direct investments in cryptocurrencies.The bank’s Mynt platform currently allows users to purchase Bitcoin and Ether, with BTG Pactual expressing its intention to launch support for additional crypto assets in the future.

Visa Integrating Cryptocurrency Services into Brazilian Banks

Visa is further expanding its cryptocurrency services.

Central Bank of Brazil Researches Creation of Digital Real

Fabio Araujo, a representative of the Central Bank of Brazil, talked about the possible development of a Digital Real at a public hearing before the Committee on Science, Technology, Innovation, Communication and Information Technology of the Brazilian Senate.

The Largest Crypto Seizure in Brazil: Nearly $29M Worth of Digital Assets Seized

Following "Operation Kryptos," the Brazilian authorities arrested five civilians and confiscated $28.7 million worth of digital assets.

$27,600,000 in Bitcoin Seized by Brazilian Police in Ponzi Scheme Investigation

Brazilian Federal Police say they’ve recovered more than $27,600,000 in Bitcoin (BTC) following a series of alleged Ponzi schemes run by one company.

Brazilian Police Carry Out Record $29 Million Cryptocurrency Seizure

Federal police in Brazil seized $28.7 million worth of cryptocurrencies during Operation Kryptos, an investigation into an alleged pyramid scheme.

Confiscated Lambo Utilised for Education, Crypto Donations for Animals + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crime news The Brazilian police have confiscated a Lamborghini Gallardo LP 560-4 worth USD 152,000 from so-called “Bitcoin King” Cláudio Oliveira to be temporarily used by the police during exhibitions and educational

Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering

The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week.

Crypto-Friendly Bank Backed by Warren Buffett’s Berkshire Hathaway Plans $2 Billion IPO on Nasdaq

Nubank, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway, is reportedly planning an initial public offering (IPO) on Nasdaq.

Crypto Trader’s Murder Blamed On Social Media Bragging

Source: _pessano / Instagram In what some see as yet another cautionary tale, the recent tragic killing of teenage Brazilian crypto trader Wesley Pessano Santarem has been linked to the lavish lifestyle the victim had been showcasing on his social media accounts - reminding crypto holders of the importance of safeguarding not only their funds, but their lives. The 19-year-old has gained a

Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police

A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million.

New Brazilian Bitcoin ETF pledges carbon neutrality

Hashdex has promised to invest a portion of the assets managed by its new BITH11 ETF into carbon credits and green tech. BITH11, a new exchange-traded fund (ETF) launched in Brazil by crypto-focused alternative investment firm Hashdex Asset Management, claims to be the country’s first “green” Bitcoin ETF.The fund plans to neutralize its associated carbon emissions through purchasing carbon credits.

Burger King Brazil Accepts Dogecoin as a Payment Method for Purchasing a Dog Snack "Dogpper"

The Brazilian branches of Burger King, an American premium fast food service company, officially announced yesterday that it will accept Dogecoin as a payment method for the purchase of a dog snack called "Dogpper".

Brazilian Burger King Customers Can Now Purchase Meat-Flavored Dog Biscuits With Dogecoin

According to regional reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for canines called the “Dogeppr.” The new product is a dog biscuit that canine owners can purchase for their pets and the company is accepting dogecoin crypto payments for Dogeppr purchases.

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges.

Brazilian Police Seize $33m in Bitcoin Exchange Investigation

Brazil has launched Operation Exchange, a probe into local crypto exchanges that helped criminals launder money.

Ether EFT Gets Approval From Brazilian Securities Regulator

The Brazilian Securities Regulator, Comissão de Valores Mobiliários (CVM) gives approval for an Ether exchange-traded fund (ETF).

Brazil Green Lights First Ethereum ETF in Latin America

The Brazilian Securities Commission (CVM) just approved an exchange-traded fund (ETF) that tracks the performance of Ethereum (ETH).

Brazilian securities regulator approves Ether ETF

The fund, which will trade on Brazil's B3 stock exchange, uses custodial services provided by the Winklevoss twins' United States-based Gemini. Brazil's Comissão de Valores Mobiliários (CVM), the country's securities regulator, has approved an Ether (ETH) exchange-traded fund (ETF), according to an announcement by QR Capital, the holding company of QR Asset Management.The fund, which trades under the ticker QETH11 will trade on Brazil's highly reputable B3 stock exchange, which operates as a regional exchange and serves customers worldwide. QETH11 will use the same Ether index as that used by CME Group and uses institutional custodial services provided by the Winklevoss twins' Gemini.In its announcement, the fund's issuer pitches the product as “a simple, safe and regulated option for any investor to gain direct exposure to Ethereum through their preferred brokerage, without worrying about registrations in exchanges, wallets or private keys.” QR Asset Management buys physical ETH for the product and pledges to assure a high level of transparency and security for QETH11  investors.Related: New Bitcoin ETF approved in Canada News of the CVM's green light follows hot on the heels of two earlier cryptocurrency ETF approvals this March, one 100% Bitcoin and the other composed of five cryptocurrencies, in addition to Bitcoin (BTC).

Brazil’s SEC Approves First Ethereum ETF in Latin America

The Brazilian Securities Commission (CVM) has approved the first exchange-traded fund tracking the performance of Ethereum (ETH) in Latin America.

Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud

Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million.

Brazilian Police Arrested the ‘Bitcoin King’ for a 7,000 BTC Scam

Claudio Oliveira, better known as "The Bitcoin King," was charged with money laundering and fraud following a $250M BTC scam.

Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC

The alleged fraudster’s crypto brokerage filed for bankruptcy in 2019 after claiming to have been the victim of a hack. Self-described “Bitcoin King,” Claudio Oliveira, has been arrested and charged by Brazilian federal police for allegedly masterminding a 1.5 billion reais (roughly $300 million) fraud scheme involving crypto.

Brazilian ‘King of Bitcoin’ Busted for Alleged $300 Million Fraud

Cláudio Oliveira was president of the Bitcoin Banco Group, a Brazilian financial management firm that reported the disappearance of 7,000 BTC in 2019.

Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin

The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions.

FTX Partners With Tom Brady and Gisele Bündchen in Long Term Deal

FTX Trading Limited has announced the company has partnered with seven-time Super Bowl Champion Tom Brady and Brazilian model Gisele Bündchen in a long-term deal.

Tom Brady and Gisele Bündchen take equity stake in FTX crypto exchange

Both Tom Brady and Gisele Bündchen will take equity stakes in FTX Trading and receive crypto as part of an endorsement deal with the crypto exchange. Seven-time Super Bowl champion Tom Brady and Brazilian supermodel Gisele Bündchen are the latest celebrities to reaffirm the growing adoption of the cryptocurrency industry.West Realm Shires Services, FTX Trading Limited and Blockfolio, three companies behind major global cryptocurrency exchange business FTX, announced Tuesday a long-term partnership with Brady and Bündchen.As part of the deal, the legendary football player and model will each take equity stakes in FTX Trading and will receive crypto.

Asset manager QR launches Bitcoin ETF on Brazilian stock exchange

Brazilian asset manager QR Asset Management started trading its Bitcoin exchange-traded product on B3. The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country.Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the Sao Paulo-based B3 exchange on Wednesday, Cointelegraph Brasil reported.The listing comes several months after the Brazilian Securities and Exchange Commission approved QR’s Bitcoin ETF in March alongside another crypto-based ETF by Latin American crypto investment firm Hashdex.

$157B Victory Capital plans to enter crypto market

The firm aims to let US investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index. Investment firm Victory Capital Management announced it would be taking steps for its US-based investors to get exposure to the crypto market.In a Wednesday announcement, Victory Capital said it would be the exclusive sponsor of “private placement funds and other vehicles” based on the Nasdaq Crypto Index, or NCI, an index developed by Nasdaq and Brazilian crypto asset manager Hashdex.

Berkshire Hathaway invests $500M in Brazilian digital bank

Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway's investment may indicate the firm is more open to the idea. Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett.In an announcement from Nubank on Tuesday, the digital bank said the $500 million investment would be used to continue its international expansion — the company recently launched in Colombia — as well as attract new executives from major tech companies.

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining.

Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

Taxpayers in Brazil have only a couple of days left to file their annual tax returns.