Brazil | ForkLog

ForkLog 150 13.02.2026

Brazil’s digital-finance phenomenon

How Brazil became Latin America’s leading crypto hub.

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ForkLog 45 03.07.2025

Tether and Adecoagro to Launch Bitcoin Mining in Brazil

The stablecoin issuer Tether and the South American agribusiness Adecoagro have agreed to collaborate on mining the leading cryptocurrency. The companies have signed a memorandum of understanding. As part of the project, the partners will explore the use of renewable energy sources for bitcoin mining. Adecoagro owns generating capacities of 230 MW in South America. […]

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ForkLog 44 18.04.2025

Brazilian Crypto Pyramid Scheme Leader Sentenced to 128 Years in Prison

The orchestrator of the Brazilian cryptocurrency Ponzi scheme Braiscompany, Joel Ferreira de Souza, has been sentenced to 128 years, five months, and 28 days in prison, according to local media. The court found him guilty of 11 counts of money laundering. Braiscompany attracted over $189 million from 20,000 investors. The case involved two other individuals. […]

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ForkLog 13 14.03.2025

Brazil Proposes Cryptocurrency for BRICS Trade

The Brazilian authorities plan to propose the use of blockchain technology in international trade among BRICS countries, according to a report by O Globo. This initiative will be one of the priorities during Brazil’s presidency of the bloc, which began in January and will last for a year. The idea differs from the previously discussed […]

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ForkLog 16 09.03.2025

Brazilian Postal Service Seeks Blockchain and AI Specialists

The Brazilian state postal service, Empresa Brasileira de Correios e Telégrafos, is set to implement blockchain and AI-based solutions. This was announced in a blog post by the agency. “We aim to promote a collaborative and dynamic process for finding solutions in the fields of artificial intelligence and blockchain for our business, operations, and contract […]

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ForkLog 23 27.01.2025

Brazil’s data watchdog blocks World’s biometric payouts

Brazil’s National Data Protection Authority (ANPD) has moved to suspend World’s (formerly Worldcoin) payments of financial incentives for collected biometric data. The agency opened an investigation into Tools for Humanity, the company behind the project, in November 2024. Founded in 2019 by Sam Altman and Alex Blania, the firm aims to build a global digital […]

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ForkLog 12 27.12.2024

Brazil’s Potential Ban on USDT Transfers to Non-Custodial Wallets Sparks Industry Reaction

The Bank of Brazil’s proposed ban on stablecoin transfers to non-custodial wallets could drive a shift towards decentralization, according to Cointelegraph, citing industry representatives. On November 29, the regulator proposed banning transfers of foreign currency-denominated stablecoins to non-custodial wallets. The document is open for public consultation until February 28, 2025. The use of stablecoins in […]

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ForkLog 30 27.11.2024

Brazilian Lawmaker Proposes National Bitcoin Reserve

Brazilian congressman Eros Biondini has introduced a bill aiming to establish a national strategic bitcoin reserve, known as the Reserva Estratégica Soberana de Bitcoins (RESBit). The proposal suggests converting up to 5% of the country’s international reserves into the leading cryptocurrency. These reserves reached $372 billion as of September 2024. The authors believe such a […]

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ForkLog 48 19.11.2024

Popular YouTuber Loses Seed Phrase to Ledger Holding $366,000 in Bitcoin

A renowned Brazilian pianist known as Lord Vinheteiro, with over 7 million YouTube subscribers, has lost access to 4 BTC valued at over 2 million reais (more than $366,000), according to Decrypt. Fabrício André Bernard Di Paolo, his real name, revealed on X that he misplaced the paper containing the seed phrase for his Bitcoin […]

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ForkLog 19 11.09.2024

Nubank Halts Operations with Its Own Token

On September 10, Brazil’s largest neobank, Nubank, announced the immediate suspension of trading its own token, Nucoin. This was reported by Portal do Bitcoin. The company will completely cease all operations with the asset, launched a year and a half ago, within 15 days. “To protect all participants from potential volatility in Nucoin’s market price […]

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ForkLog 14 03.09.2024

Bluesky Gains One Million Users in Three Days Following X Ban in Brazil

The user base of Bluesky, a decentralised alternative to the social network X, surged by one million between August 30 and September 1. This growth was spurred by the ban of Elon Musk’s platform in Brazil. wow… welcome to the ONE MILLION new users in the last three days!!! ? join us: https://t.co/x6v5YW0WFT — bluesky […]

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ForkLog 18 15.08.2024

Binance Resumes Operations in India After Paying $2.2 Million Fine

Cryptocurrency exchange Binance has registered as a “reporting entity” with India’s Financial Intelligence Unit (FIU) and has resumed operations in the country. #Binance goes live in India ?? Binance is now registered as a reporting entity with India’s Financial Intelligence Unit, marking our 19th global regulatory milestone! Our website and app are now fully available […]

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