01 Nov 2022

Bolsonaro remains silent after Brazil presidential election loss

Luiz Inacio Lula da Silva was announced to be the winner of Brazil’s 2022 presidential election, beating incumbent Jair Bolsonaro. More than 24 hours after the election results were announced, Bolsonaro has not yet publicly acknowledged his loss. The delay has created concern that he will not cooperate with a

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20 Oct 2022

Brazilian Police Arrest Lapsus$ Suspect

In Brazil, federal police arrested a suspected member of the notorious hacking group Lapsus$. The arrest occurred earlier this week and was a result of an investigation dubbed Operation Dark Cloud launched by Brazilian authorities this summer that aimed to crack down on the cybercrime collective. The individual was arrested

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19 Oct 2022

Buffett-backed digital bank Nubank to launch its own cryptocurrency in Brazil

The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a large financial institution. Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023. In a press release, the company touts

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07 Oct 2022

US-Brazil investigation leads to disruption of transnational cryptocurrency fraud ring

An investigation by the Brazilian Federal Police, U.S. Homeland Security Investigations (HSI) and multiple law enforcement partners led to the disruption of a transnational cryptocurrency fraud ring based in Curitiba, Brazil, Oct. 6. As part of Operation Poyais, the Brazilian Federal Police executed 20 search and seizure warrants in the states

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07 Oct 2022

Bolsonaro speeds up payments to the poor as election looms

Brazil’s government has announced plans to speed up the welfare payments to the needy this month as a second-round election is coming up. President Jair Bolsonaro will face leftwing rival Luiz Inacio Lula da Silva in a run-off vote on October 30.  The payments of an equivalent to $120 will

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29 Sep 2022

Brazil’s Securities Market Regulator Targets Mercado Bitcoin over Token Sale

The Brazilian Securities and Exchange Commission (CVM), the securities market regulator in Brazil, has ordered Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, to provide information on fixed-income tokens the exchange has issued over the last two years. According to reports by Estadão newspaper, the capital markets regulator wants to know

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23 Sep 2022

Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved

The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved in

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06 Sep 2022

Brazilian SEC is looking to change crypto regulation with new bill

According to reports, the Brazilian Securities and Exchange Commission is looking to switch up the country’s legal framework for cryptocurrencies. The main concern is that the bill in question does not consider tokens as digital assets or securities, which means that it does not fall under SEC regulation. Subsequently, the

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15 Aug 2022

BlueBenx fires employees, halts funds withdrawal citing $32M hack

BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off most of its employees. BlueBenx joins the

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09 Aug 2022

German diplomat arrested in Brazil for alleged murder of husband

German Consul Uwe Herbert Hahn is currently being held in custody under orders from a Brazilian Judge due to claims that Hahn murdered his husband in Rio de Janeiro. The orders deny defense claims of diplomatic immunity. Rio police took Hahn into custody on Saturday after Walter Henri Maximilien Biot,

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