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07:03

Binance launches WLFI/BRL and WLFI/EUR Spot trading pairs

Golden Finance reports that Binance will launch the WLFI/BRL and WLFI/EUR spot trading pairs on September 3, 2025, at 16:00, and will open Bots services for these two trading pairs to enhance user trading experience.

WLFI1.16%

06:58

Brazilian Hedging Fund Verde built a small BTC position before Trump's victory

Brazilian renowned Hedging fund Verde Asset Management has stated that it has established a small BTC Position before the US presidential election, but the size of the Position has not been disclosed. The main fund of the fund fell by 0.18% in October, and its performance so far this year is more than two percentage points higher than the Anbima Hedging fund index. The fund currently manages assets of approximately BRL 19.0 billion.

BTC-1.39%

01:31

Brazil Crypto Assets volume $6 billion in the first four months of 2024

The correlation between Bitcoin (BTC) and equities is rising, with the 90-day correlation rising to 0.17 last week after hitting a longest low of 0.01 in March, Kaiko Research said. Bitcoin's 90-day correlation with stocks rose to 0.17 in the week of May 5, up from a longest year low of 0.01 in March, according to the company's May 13 research report. BTC's correlation with risky assets is lower than the 0.6 high during the Bull Market. The research report also highlights the high volume of the Brazilian Crypto Assets market. Brazil's volume increased significantly and surpassed the US dollar. From January to early May 2024, Brazilian Real (BRL) volume reached $6 billion, making it the largest Crypto Assets market in Latin America and the seventh-largest fiat coin market in the world. Kaiko also reported other data. The company noted that there has been a divergence in the prices of ETH put options and call options since March. Kaiko said the trend "could be a sign that Fluctuation is coming" as the U.S. SEC rejected or approved Spot Ethereum ETF on May 23.

BTC-1.39%

ETH-2.92%

09:01

PANews reported on December 15 that, according to Cointelegraph, Brazilian President Luiz Inácio Lula signed a law aimed at taxing crypto assets held overseas by Brazilian citizens. The law, signed on December 12 and published the following day in the Official Journal of the Federation, will enter into force on January 1, 2024. The new tax applies not only to cryptocurrencies, but also to profits and dividends received by Brazilian taxpayers from overseas investment funds, platforms, real estate or trusts. The Brazilian government plans to raise about 20 billion reais (about $4 billion) through this new tax in 2024. Those who pay their taxes from 2023 onwards will enjoy an early bird discount: in the case of instalments, an 8% tax is levied on all income earned before 2023. From 2024, the tax rate will be set at 15%. According to the law, any citizen who earns more than US$1,200 (BRL 6,000) from transactions outside Brazil will be taxed

01:09

PANews reported on November 30 that the Brazilian Senate passed new income tax rules on November 29, stipulating that Brazilian citizens may soon have to pay up to 15% tax on cryptocurrency income held on foreign exchanges, according to Cointelegraph. The bill has already passed the Chamber of Deputies and is expected to be approved by President Luiz Inácio Lula da Silva, since it was his government that initiated the change in the rules of the income tax. According to the bill, any Brazilian citizen who earns more than US$1,200 (BRL 6,000) on foreign transactions will be subject to this tax from January 1, 2024. The bill will also affect "exclusive funds" – that is, investment funds with a single shareholder, as well as foreign companies active in the Brazilian financial market. The government hopes to raise US$4 billion (BRL 20.3 billion) in 2024 through this move.

00:34

After Brazil's Senate approved new income tax rules on Nov. 29, Brazilians may soon be required to pay up to 15% tax on income generated by cryptocurrencies held on foreign exchanges, according to Golden Finance. The bill has now been passed in the Chamber of Deputies and is expected to be approved by President Luiz Inácio Lula da Silva, as his government initiates changes to the income tax rules. According to the bill, any Brazilian who earns more than US$1,200 (BRL 6,000) on transactions outside Brazil will be taxed, effective January 1, 2024. This change makes these funds taxed at the same rate as domestically held funds. Funds earned by the owner prior to that date will be taxed at the time the owner acquires them, while income from funds received before December 31 will be taxed at 8%.

12:05

PANews reported on October 3 that Cointelegraph reported that BTG Pactual, a major Brazilian investment bank, is acquiring cryptocurrency-friendly brokerage Orama as part of its strategy to expand the bank’s digital platform. BTG Pactual has signed an agreement to purchase 100% of Orama's shares for BRL 500 million (USD 98.7 million). The acquisition is subject to necessary regulatory approvals from authorities, including Brazil’s central bank. It is reported that Orama was established in 2011 and is said to have assets under custody of nearly 18 billion reais (approximately US$3.6 billion) and provides services to approximately 360,000 customers. Orama focuses on the distribution of investment funds and fixed income products, but has also been exploring cryptocurrency investments.

Binance launches WLFI/BRL and WLFI/EUR Spot trading pairs

Brazilian Hedging Fund Verde built a small BTC position before Trump's victory

Brazil Crypto Assets volume $6 billion in the first four months of 2024

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