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North Korea Signals Closer BRICS Relations Amid Growing Russia Ties

North Korea Signals Closer BRICS Relations Amid Growing Russia TiesNorth Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic isolation through such alliances, North Korea’s sanctions and economic constraints make membership unlikely. Recent […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their Portfolios

Survey Shows 34.6% of Young Investors in Brazil Hold Cryptocurrency in Their PortfoliosA survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD PaymentsThe BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Elon Musk starts to comply with Brazilian court orders, suspends accounts on X

At least 11 accounts linked to the spread of misinformation in Brazil have been banned from X over the past few days as the platform begins complying with supreme court orders.

Following almost a month of being blocked in Brazil, Elon Musk’s social media platform, X, has taken action to comply with local regulations.

According to local media reports, X started suspending accounts accused of spreading misinformation on Sept. 18, as ordered by Justice Alexandre de Moraes. In addition to suspending the accounts, lawyers for X announced that a new legal representative will be appointed in the country soon. 

According to Brazilian law, social media platforms operating in the country must have a legal representative.

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Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Circle’s USDC Stablecoin Now Available in Brazil and Mexico via the Two Countries’ National Payment Systems

Circle’s USDC Stablecoin Now Available in Brazil and Mexico via the Two Countries’ National Payment Systems

Stablecoin issuer Circle is announcing the support of national bank transfers involving USDC in Mexico and Brazil. In a new blog post, the payments platform says that it will now be offering local bank transfers via PIX and SPEI – the respective national real-time payment systems of Mexico and Brazil – eliminating the need for […]

The post Circle’s USDC Stablecoin Now Available in Brazil and Mexico via the Two Countries’ National Payment Systems appeared first on The Daily Hodl.

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious Purposes

Latam Insights Encore: Brazil Shows How States Should Keep an Eye on Crypto Usage for Nefarious PurposesWelcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how Brazil is becoming an example of how states should enforce crypto compliance by battling tax evasion and pursuing money laundering groups instead of targeting crypto innovators. Latam Insights Encore: […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud

Latam Insights: Brazilian Federal Police Cracks Down on .7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax FraudWelcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin RevealsRussian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing updates on BRICS activities under Russia’s chairmanship. 34 Countries Show Interest in BRICS, Putin Says Russian President Vladimir Putin said on […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings

Operation Niflheim: Brazilian Authorities Crack Down on .7 Billion Crypto Money Laundering RingsThe Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo, Fortaleza, and Brasilia. The criminals laundered over $9 billion since […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

One week later: X’s future in Brazil on the line as Supreme Court reviews ban

With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns.

One week after Justice Alexandre de Moraes ordered the suspension of X in Brazil, the Supreme Federal Court will now review the decision in an upcoming plenary session. Until then, the platform’s future in the country remains uncertain, as the legal dispute centers around complex aspects of misinformation and free speech. 

However, the events of the previous days could have lasting implications for how social media platforms operate within legal frameworks beyond Brazil. 

Cointelegraph compiled key developments over the dispute and the potential impact of the Brazilian Supreme Court’s final decision as the case enters the crossroads between free speech and social media regulation.

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Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity