News list for " Brazil"
A notice issued by Brazil's national data protection authority, ANPD, says it is actively monitoring the activities of World (formerly Worldcoin) in Brazil. Given the risks of processing biometric data, the agency requested information on the tasks performed by the company and launched an investigation into the company's inner workings and the whereabouts of private biometric data. World started operations in Brazil last November and says more than 150,000 people have participated in the project...
AgRural, an agricultural consultancy, said that as of last Thursday, Brazil's 2024/25 annual soybean harvest rate was 1.7%; the first crop of corn in the central and southern regions was 4.1% and the second crop of corn was 0.3%.
The Brazilian Securities Commission (CVM) has issued a directive requiring Ukuchuma Financial Services LTD and IGM Forex LTD to stop soliciting clients in Brazil. The CVM said that the investigation found that the two companies did not have a license to operate in the securities market, so they should immediately stop operating. According to the CVM report, the companies are suspected of soliciting clients from Brazilian residents through the XPROMarkets brand and website to conduct securities t...
Brazilian digital bank Nubank will offer rewards to its users who hold USDC, including a daily return of a minimum balance of 10 USDC with a fixed annual interest rate of 4%. Users can opt in or out at any time, and the return is automatically credited every day, with instant liquidity. In 2024, the number of USDC held by Nubank customers grew tenfold, and USDC now accounts for 30% of the platform users' crypto portfolios. More than half of new Nubank crypto users chose USDC as their first digit...
Brazilian assets are expected to underperform all major peers throughout the year, with the real heading for its biggest decline since the 2020 pandemic onslaught, as doubts grow about President Luiz Inácio Lula's commitment to tackle the ballooning budget deficit. The real has depreciated by nearly 22% against the dollar this year, its worst performance among 31 major currencies. The decline accelerated in November after investors were disappointed by a much-anticipated fiscal package. Even a ...
Julia Zanatta, a member of the Brazilian Congress, has expressed concern about the impact of the implementation of digital currency (drex) on the lives of citizens. Julia Zanatta emphasized that physical money may come to an end as the country moves forward with the implementation of drex (digital currency of the national central bank). In a recent interview, Julia Zanatta explained that the use of drex should be voluntary rather than mandatory, as it could become a tool to exert control over Br...
21:00-7:00 Keywords: KULR, Central Bank of Brazil, ChainOpera AI, MicroStrategy 1. Two former cryptocurrency exchange FTX executives received reduced sentences. KULR spent $21 million to buy about 217 bitcoins; 3. The Central Bank of Brazil has proposed banning the transfer of stablecoins to self-custodial wallets. 4. Strive Asset Management applied to the US SEC for a bitcoin bond ETF; 5. L1 blockchain ChainOpera AI completed a $17 million seed round of financing; 6. Japanese Prime Minister: Th...
According to market sources, the Brazilian central bank has proposed banning the transfer of stablecoins to self-custodial wallets such as MetaMask and Trezor.
The use of stablecoins has also increased as Brazilian citizens increasingly buy stablecoins pegged to the US dollar to hedge against a plunge in their currency, the real. Brazil's central bank is expected to complete public consultations on a potential ban in February, with several executives already assessing the potential impact on local markets. Carol Sosa, co-founder of the Regional Bitcoin School, pointed out that crypto exchanges in Brazil have been implementing KYC measures since 2019, w...
Gold Ten Futures December 12th, according to foreign media reports, the Brazilian Vegetable Oil Industry Association (Abiove) said on Thursday that Brazil's 2025 soybean production is expected to be 168.70 million tons, while the previous forecast is 167.70 million tons. Brazil's 2025 soybean exports are expected to be 104.40 million tons, while the previous forecast is 104.10 million tons. Brazil's 2025 soybean crush is expected to remain 57 million tons.
The Brazilian central bank raised the Selic rate by 100 basis points from 11.25% to 12.25%.
Brazil-based asset manager Hashdex has appointed former BlackRock executive Mick McLaughlin as its head of U.S. distribution, with the aim of expanding the reach of its crypto-asset ETF products in the U.S. market and strengthening its sales team. McLaughlin previously served as an executive at various institutions, including Bitwise, Deutsche Bank, and Barclays.
Gold Ten Futures December 5th news, Reuters released the USDA December supply and demand report in South America crop production data forecast, analysts on average expected, ① Brazil 2024/25 annual soybean production is 169.30 million tons, the estimated range is between 662-1.71 million tons, USDA previously estimated in November 169 million tons. ② Brazil 2024/25 annual corn production is 127.09 million tons, the estimated range is between 1.25-1 28.30 million tons, USDA previously estimat...
Gold Ten Futures, December 3rd, according to foreign media reports, on Monday, CBOT soybean futures closed down, due to good weather in South American agricultural production areas, Brazilian soybean production is expected to hit a record high, the market is still worried about the incoming Trump administration and the largest soybean importer China's trade prospects. USDA's crushing monthly report shows that the amount of soybean crushing in October was 215.76 million bushels, which set a recor...
The Brazilian real fell 1.3% in spot trading to close at 5.99 Brazilian real per dollar, a record low.
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