Brazil

Argentinean soccer club welcomes first crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines. The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million depending on the volatile exchange rate of the Argentine peso, according to local sources. The transfer was made possible through a collaboration with the Mexican crypto exchange Bitso. “We are very proud to work with these two clubs for this historical signing of Sao Paulo with all the safety, transparency and flexibility that the crypto economy has to offer,” said Thales Freitas, Bitso’s director in Brazil. The transfer happened amid a difficult ec...

Anitta Takes a Stand on Brazil’s Presidential Election – And Her Influence Could Help Sway Voters

With fewer than three months to go before the next presidential elections in her country, megastar Anitta has officially declared her support for Luiz Inácio Lula da Silva, a left-wing former Brazilian president who is leading in the polls against far-right incumbent Jair Bolsonaro. Anitta stated her position on Twitter on Monday (July 11), two days after a leftist official supporting da Silva, the Workers’ Party candidate who is better known as Lula, was brutally murdered at his own birthday party by a Bolsonaro supporter in the state of Paraná in the country’s south. “If there had been no murder involved … I’d say that the stupidity of these people is almost funny. But it’s not. It’s frightening,” Anitta tweeted, referencing Bolsonaro supporters. “I’m not a Worker’s Party supporter, and ...

How Brazil Is Stepping Up to Tackle Digital Piracy and Eying Metaverse Infringement

RIO DE JANEIRO – Authorities in Brazil are finding that fraudsters are using illegal download apps and websites to lure in music fans eager for a stronger connection to specific artists – and then profiting from reams of personal data they are mining from them. London-based IFPI and its recorded-music affiliate, Pró-Música Brasil, have been cooperating with a cybercrime unit of Brazil’s Ministry of Justice for over a year, working to root out services illegally peddling MP3 singles and albums from some of Brazil’s most popular artists, including Alok, Bruno & Marrone, Luccas Neto and Barōes da Pisadinha. Last month authorities shut down 461 illegal download apps and 11 websites — a record haul for a single anti-music piracy operation in Brazil. The apps generated more than 10.2 million...

Football Accumulator Betting Tips for Saturday: Back Our 46.25/1 Three-Fold With A Free Bet

Looking ahead to Saturday, we have picked out three selections ready for an accumulator. With combined total odds of roughly 46.25/1 on bet365, new users can also benefit from their £50 welcome bonus. Three legs make up our Saturday accumulator, which has odds of roughly 46.25/1. A £10 stake would return around £460 (Odds subject to change). Football Accumulator Tips Saturday Accumulator Free Bet – bet365 Bet £10 Get £50 in Free Bets £50 worth of free bets can be yours ready for the action on Monday – see below for details: Click here to sign up to bet365. Place a bet of £10 or greater at odds of 1/5 or more. You’ll then receive £50 in free bets. Bet £10 Get £50 In Bet Credits Claim Offer Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement o...

Brazilian central banker describes how CBDC system can halt bank runs

In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC is rolled out. Through the so-called Real Digital, the central bank will be able to halt bank runs and impose other restrictions on citizens’ access to money.  Real Digital, the digital version of Brazil’s national currency, has been debated at the central bank since 2015 and will have its first tests in 2023 through nine solutions presented by private companies during the recent Lift Challenge event that was carried out by the CBB. Cointelegraph reported that the v...

Sevenn Files Copyright Claims Against Alok in Brazilian Court

Dance music producers Sean and Kevin Brauer are formally pursuing copyright claims for 19 songs they say they worked on for the Brazilian DJ Alok over five years, for which they say they were denied proper credit. In a filing in a São Paulo civil court last month, the Brauer brothers, who have performed as the dance duo Sevenn, say they want the court to initiate a technical review of the authorship of the releases, which include some of Alok’s better-known songs, including “Favela” featuring Ina Wroldson, Alok and his brother Bhaskar’s “Fuego,” and a remix of Mick Jagger’s “Gotta Get A Grip.” The songs were produced while the Brauers — who are Brazilian-American dual nationals — were living mostly in Brazil, but their Rio de Janeiro-based attorney Eduardo Senna says that the brothers coul...

Brazilian university USP will conduct academic research in the metaverse

As reported by the University of Sao Paulo (USP), the metaverse-centric research will be carried out by research groups interested in 3D modeling, psychology and human behavior, and the effectiveness of virtual and augmented reality devices. These research domains will be evaluated within the context of the metaverse to understand how the new virtual world impacts user interactions. USP professor Marcos A. Simplicio Jr. highlighted that this is the first time USP had received a nonfungible token (NFT) via partnership. The token in question is a rare piece of land in the United States of Mars (USM) metaverse, which is being built in collaboration with other universities. “USP is the first university in Latin America to have a partnership with USM to support the construction of its met...

23 interesting facts about Brazil

The most interesting facts about Brazil we learnt during our stay in Rio, proving it’s not all Carnival and football around here Our short city break in Rio de Janeiro was tagged on at the end of our big trip so we didn’t get as long as we wanted in either the city or Brazil itself. We’re committed to returning one day to explore the country’s massive interior and take a boat trip down the Amazon River. For now, we’ll have to be content with the few days we had in the captivating city of Rio with its stunning mountains, rainforests and seemingly endless beaches. During our stay, we learnt a number of interesting facts about Brazil, proving it’s not all about Carnival and football in the South-American powerhouse. We share our favourite facts below. Interesting facts about Brazil 1. Brazil ...

Brazil’s Federal Revenue now requires citizens to pay taxes on like-kind crypto trades

Brazil’s Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH). The RFB’s declaration was published in the Diário Oficial da União and was the result of a consultation made by a citizen of the country to the regulator. At the end of last year, the group issued an opinion in which it claimed that trading between cryptocurrency pairs is taxable even if there is no conversion to the real (Brazil’s national currency). Although it does not specify what can be understood as “profit,” since in the exchange of one crypto asset for another there is no capital gain in fiat currency, it points out...

Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report

Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It’s unclear what led to the purchase not going through, as 2TM reportedly declined to comment and a Coinbase spokesperson said it was simply “committed to the Brazilian market.” Coinbase and 2TM scrapped talks over a possible purchase by the exchange of the Brazilian cryptocurrency brokerage https://t.co/HmZxDj7Koi — Bloomberg Crypto (@crypto) May 4, 2022 As the parent company of Mercado Bitcoin — one of the largest crypto brokerage firms in...

Law Decoded: Paris is always a good idea, even for talking crypto policy — April 11–18

Last week was the Paris Blockchain Week, and the epicenter of crypto policy and regulatory conversation moved to the French capital accordingly. Cointelegraph reported extensively from the ground and ran a series of interviews with some of the crypto industry’s captains who shared their thoughts on the state of regulatory affairs. For one, Binance’s Changpeng Zhao said that he was excited to see regulators embracing financial innovation and introducing crypto-friendly policies, calling it a major trend of 2022. Bertrand Perez, chief operating officer of the Web3 Foundation, opined that many policymakers, including some in the European Union, still tend to act too fast on crypto regulation without getting properly educated on the subject first. Ripple’s Brad Garlinghouse even filled in the ...

Top Latin America delivery app to accept crypto

Rappi, the most popular delivery service in Latin America, is working with Bitso and Bitpay to accept Bitcoin (BTC) and other cryptocurrency payments. As reported by Cointelegraph Brazil, Rappi is integrating with Bitso and Bitpay through a trial project in Mexico. However, it’s unclear whether the pilot plan will also enable access to the service in Brazil and other Latin American countries. In Mexico, Rappi, a Colombian delivery app with operations in nine Latin American countries, has launched a crypto payments pilot program. Customers will be able to convert crypto into credits that can subsequently be used to complete purchases on Rappi’s platform. — Crypto Goddy (@CryptoGoddy) April 12, 2022 Sebastián Mejia, the co-founder and president of Rappi, noted that cryptocurrenci...