News list for "Brazilian Finance"
On July 2 local time, at least six Financial Institution Groups in Brazil suffered cyber attacks. Hackers took advantage of system vulnerabilities of third-party payment service providers to initiate large-scale illegal transfers. At present, the Central Bank of Brazil has not released the specific amount involved and the list of affected Financial Institution Groups. According to the Brazilian Central Bank's investigation, the entrance of the attack is not the bank's own system, but its authori...
Brazilian Financial Institutions Group Braza Group has launched USDB, a US dollar stablecoin backed by US and Brazilian bonds, on XRPL to enable fast and stable global transfers.
Brazilian fintech company Meliuz has proposed a plan to expand its bitcoin holdings and make the cryptocurrency a strategic asset on the company's books. The company will unveil key strategic assets in its company finances to shareholders at a shareholders meeting scheduled for May 6. If shareholders approve the measure, bitcoin will be used as the company's main strategic financial asset, but the company will also seek to "generate incremental bitcoin for shareholders, whether through generatin...
Brazilian fintech unicorn Meliuz has announced that it has started buying bitcoin as part of a new financial management strategy, joining the growing number of traditional financial firms holding crypto assets. Meliuz, which mainly provides cashback and fintech services, has its board of directors approved the allocation of up to 10% of its cash reserves to bitcoin (BTC), marking its official entry into the cryptocurrency market. Meliuz has completed its first bitcoin acquisition, purchasing 45....
