brazil

Emerging economies face heightened financial risks due to cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH), according to a study by the Bank for International Settlements (BIS), a prominent global central bank consortium. Despite some proponents advocating for digital assets...

The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at reducing reliance on the U.S. dollar and fostering a more multipolar global financial...

In an ambitious leap towards digital finance, Brazil's Central Bank set plans in motion to test its central bank digital currency (CBDC) platform, known as the digital real. To ensure a robust trial phase, a diverse array of local and international entities have been selected as...

Digital asset investment products have witnessed a net outflow of $32 million in the past week, marking the fifth week in a row of this downward trend, with the total over this period amounting to $232 million (0.7% of total assets under management), according to a report. In its digital asset fund...

"Long emerging markets" has been almost doctrinally ingrained in the psyches of investors for decades. The strategy remains about as popular and (almost) as successful as NBA legend LeBron James -- for almost as long. We can track this statistically: LeBron joined the NBA in 2003, still...

Latin American banking company Nu Holdings (NYSE: NU) reported first-quarter financial results after market close Monday. Here are the key highlights. What Happened: Nu reported first-quarter revenue of $1.6 billion, which was nearly double the results of the previous year. The revenue total beat a...

Brazilian authorities have launched an official investigation into Binance (CRYPTO: BNB), the largest cryptocurrency exchange by trading volume, over allegations of financial crimes executed through its derivatives offerings. O Globo reported that the probe was initiated following a tip-off from...

On the eve of Brazil's professional soccer season, Binance (CRYPTO: BNB) and the Brazilian Football Confederation introduced a non-fungible token (NFT) aimed at increasing fan engagement and drawing in more customers. The complementary NFT from the world's largest cryptocurrency exchange...

The prospect of a new world currency has been gaining traction, with the BRICS alliance exploring the idea of an innovative currency. The group of nations plans to share proposals at a forthcoming summit in South Africa, which has led to discussions on the potential impact on the U.S...

The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at the forthcoming summit in South Africa, according to Alexander Babakov, deputy chairman of Russia's parliament, the State Duma. Speaking at the St. Petersburg...

Following years of stalling on the issue of legal cultivation of cannabis for medicinal and industrial purposes, a Brazilian appeals court is set to rule on allowing businesses and farmers to grow cannabis, reported Reuters. What Happened? The Superior Court of Justice (STJ) made its...

A satellite terminal from Starlink made by Elon Musk's SpaceX, was reportedly found by agents of Brazil’s environment agency and the country’s highway police in a raid on an illegal mining site in the Amazon region.  What Happened: On Tuesday, the agents found the...

An Apple Inc. (NASDAQ:AAPL) iPhone 11 was lost by a student while saving a drowning woman in Brazil. One week later, the phone was found seven meters deep in the lake — still functioning.  What Happened: Breno Rafael, the student, lost his iPhone 11 while saving a woman who was drowning when...

Digital financial services company Nu Holdings Ltd (NYSE: NU) reported fourth-quarter and full-year financial results after market close Tuesday. Here are the key highlights. What Happened: Nu Holdings reported fourth-quarter revenue of $1.45 billion, which missed a Street estimate of $1.47...

Cryptocurrency exchange Bitget partnered with fintech company Capitual to explore participation in Brazil’s central bank digital currency (CBDC) programs. Capitual is one of the designated CBDC partners of the Central Bank of Brazil. The announcement was made on Monday, after the two...