Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential

October 15, 2024 Bitcoin.com

Bitcoin

Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin […]

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Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation

October 12, 2024 Bitcoin.com

Argentina

A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s […]

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Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering

October 11, 2024 Bitcoin.com

bitcoin.com

The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities in banks. Brazilian Authorities Execute Operation Alcacaria Against Crypto Money Laundering Actors […]

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X to be restored in Brazil in 24 hours, rules Justice Alexandre de Moraes

October 8, 2024 Coin Telegraph

Brazil

The ruling came after the social media platform settled a roughly $5.5 million fine in the South American country.

Social media platform X will return to operation in Brazil within 24 hours, according to an Oct. 8 ruling by Justice Alexandre de Moraes.

The platform was blocked on Aug. 30 for failing to comply with Brazilian court orders related to an investigation into the spread of misinformation in the country.

“I hereby order the end of the suspension and authorize the immediate resumption of activities by X Brasil Internet Ltda. within the national territory. I also instruct Anatel (National Telecommunications Agency) to take the necessary steps to implement this measure, with a report to this Supreme Court within 24 (twenty-four) hours,” the Justice wrote in his translated ruling.

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Brazil to review Elon Musk’s X ban after $5M fine payment

October 8, 2024 Coin Telegraph

Brazil to review Elon Musk’s X ban after M fine payment

Alexandre de Moraes

Social media platform X could soon be restored in Brazil after paying fines, appointing a new legal representative and blocking certain user accounts at the court’s request.

Brazilian authorities could soon lift the ban on Elon Musk’s social media platform X after the company paid 28.6 million Brazilian reais (approximately $5.5 million) in fines.

According to local media reports, on Oct. 7 X cleared the latest requirement on its path to returning online. In late August, Brazil’s Supreme Federal Court suspended X for failing to comply with orders related to an investigation into the spread of misinformation in the country.

The final payment was confirmed after a series of unusual events. On Oct. 4, the funds related to the penalties imposed by Justice Alexandre de Moraes for irregularities on the social network were mistakenly deposited into the wrong bank account. Last Monday, the proceeds paid by Musk’s satellite company, Starlink, were transferred to the correct account.

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Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

October 6, 2024 Bitcoin.com

bitcoin.com

Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency Outflows Dangerous […]

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Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution

October 3, 2024 Bitcoin.com

bitcoin.com

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 region’s crypto landscape, helping businesses move funds 24/7. With plans to streamline treasury operations between Brazil and Portugal, the service also aims to benefit corporate […]

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Elon Musk’s X ban dispute with Brazil takes toll on local crypto community

September 30, 2024 Coin Telegraph

Brazil

Brazil’s ban on X sparks a battle over free speech between Elon Musk and the legal authorities, leaving Brazilians and the local crypto community caught in the crossfire.

Brazil’s ban on social media site X has hit the Brazilian crypto community hard, as many in the blockchain industry — from researchers to influencers, fundraisers, conference organizers and accelerators — use the site as a critical means of communication and promotion.

On Aug. 30, almost 22 million users were cut off from X in Brazil, when Brazilian Supreme Court Justice Alexandre de Moraes found X to be allowing and promoting misinformation related to former Brazilian President Jair Bolsonaro.

The ban has caused Elon Musk’s social media company to lose one of its biggest markets.

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Latam Insights: Argentina and El Salvador Fight Against the International Agenda

September 30, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Argentina rejects the UN’s Pact for the Future, President Nayib Bukele warns about the impending arrival of a dark age, and cryptocurrency imports reach record levels in Brazil. Argentina Rejects UN Pact for […]

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Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD

September 28, 2024 Bitcoin.com

Cryptocurrency Purchases Soar in Brazil: .37 Billion Spent YTD

Bitcoin (BTC)

According to data from the Central Bank of Brazil, purchases of cryptocurrency made abroad have soared this year, surpassing the numbers registered in 2023. These purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates that exchanges and trading platforms are preparing to accommodate a large demand for […]

Brazil

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