Posts Tagged ‘Brazil’

Brazil’s Biggest Brokerage is Officially Joining the Cryptocurrency Markets

Grupo XP, the owner of XP Investmentos SA, the largest independent brokerage in Brazil, announced that they would be moving into the cryptocurrency markets by offering a platform exchange for Bitcoin and Ethereum in the coming months. Currently, cryptocurrency’s popularity is exploding in Brazil, with investors having five times as much exposure to Bitcoin as they […]

Brazilian Football Club Avaí to Launch Cryptocurrency, $20 Million ICO

Avaí FC has partnered with blockchain-based sports investment ecosystem SportyCo and football investment platform Blackbridge Sports to raise funds worldwide through the ICO, aiming to raise $20 million in the sale. The coin, dubbed Avaí FC Token, is said to be available for sale in October, with the ICO ending in early November. Football fans […]

FinTech Roadshow to Brazil, a Certified Trade Mission for U.S. Investors, Incubators, and FinTech Companies

The FinTech Roadshow to Brazil, a Certified Trade Mission, provides an excellent opportunity for U.S. firms to promote themselves to and connect with leading companies in Brazil’s FinTech and financial sectors. At the FinTech Roadshow to Brazil, U.S. participants will have 8-10 one-on-one meetings with executives from pre-qualified, vetted Brazilian FinTech and financial companies, startups, […]

Brazil central bank liquidates Banco Neon in fintech setback

Brazil’s central bank liquidated small lender Banco Neon SA on May 4 due to a breach of regulations, and suspended operations of an associated tech startup that had raised $22 million in venture capital the day before. Neon Pagamentos SA – a fintech startup that used the infrastructure of Banco Neon to process checking accounts […]

Morgan Stanley to Follow Goldman in Bet on Brazilian Fintech

Morgan Stanley is following Goldman Sachs Group Inc. in lending to Brazil’s booming fintech industry in search of higher yields, according to four people with direct knowledge of the matter. Morgan Stanley bought about 50 million reais ($14 million) in local subordinated bonds from Geru Tecnologia e Servicos SA, an online lender to individuals. Financial-technology startups have boomed in […]

Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations

Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization recently found out other companies created a “rival” association. The two projects seemingly have different takes on potential cryptocurrency regulations, but believe they should […]