Brazilians

Brazil’s X ban: Are VPN users at risk for accessing the platform?

September 4, 2024 Coin Telegraph

Brazilians

VPN providers agree that tracking individuals accessing X via VPNs in Brazil would be challenging but not impossible.

A Brazilian Supreme Court panel on Sept. 2 decided to uphold a ban on X, restricting Brazilians from accessing the social media platform.

Some prominent figures — including Bluesky co-founder Jack Dorsey — promoted the use of virtual private networks (VPN), while others cautioned Brazilians against any type of X usage.

Cointelegraph contacted several lawyers and VPN providers to better understand the situation regarding the X ban in Brazil.

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Brazilians Will Be Able to Pay Taxes With Crypto

February 13, 2023 Bitcoin.com

banco do brazil

Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid for Brazilian reals on the fly. Brazilians Will […]

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Brazilians Turn to Stablecoins as Alternative to US Dollar for Hedge Against Volatility

January 11, 2023 Bitcoin.com

bitcoin.com

Brazilians are turning to stablecoins as a way of shielding themselves from the volatility of economic circumstances. This is happening now in the wake of the inauguration of the new government of Luis Inacio “Lula” Da Silva. According to statements coming from exchange executives, the trading volumes of stablecoins have soared in 2022, especially during […]

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch

September 21, 2022 Bitcoin.com

Argentina

Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit […]

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

May 31, 2021 Bitcoin.com

bitcoin.com

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. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

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

May 30, 2021 Bitcoin.com

bitcoin.com

Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX

May 17, 2021 Bitcoin.com

bitcoin.com

Crypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair Bolsonaro’s second term as head of state is far from certain. FTX Launches […]

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MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin