Bitcoin Goes Corporate: Major Brazilian Firm Adopts BTC Strategy
Méliuz, a Brazilian fintech and publicly traded company, has allocated 10% of its cash reserves to Bitcoin, which represents a substantial advancement in the cryptocurrency sector. Méliuz is now a part of an increasing number of corporations that regard Bitcoin as more than a mere speculative asset. Related Reading: Mt. Gox Stirs The Market With […]
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Everything is big in Texas, many would say. Today, the state is looking past its current state of finances by adding Bitcoin to its coffers–and making things bigger in terms of its economic implications. Related Reading: BTC Goes Corporate: Major Brazilian Firm Adopts BTC Strategy Texas became the first US state to establish a crypto […]
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an end to his precautionary detention.
Documentation for Steynberg’s Formal Extradition
A Brazilian judge recently dismissed an application by Johann Steynberg — the mastermind behind Mirror....
Data shows Strategy is currently the main driver of corporate Bitcoin demand, as other companies have seen their purchase share shrink to just 2%. Strategy Behind Most Of The Bitcoin Treasury Buying From The Past Month In a new post on X, on-chain analytics firm CryptoQuant has highlighted how Bitcoin treasury demand is now being […]
The Brazilian Development Bank (BNDES) has partnered with the Court of Accounts of the Union (TCU), a constitutional institution of the Brazilian government, to complete the development of the Brazilian Blockchain Network. The partnership, established through a memorandum of understanding, establishes a deadline for the completion of the project, which should be finished in five years.
Brazilian Blockchain Network Development Powered by a New Partnership
New details are available on the development of the Brazilian Blockchain Network, a common rail that will be used as a base for....
Strategy has announced a new $1.44 billion US Dollar (USD) reserve, signaling a major shift for the Bitcoin-focused treasury company. Strategy Establishes New USD Reserve In a new post on X, Strategy co-founder and chairman Michael Saylor has revealed the formation of a USD reserve for the firm. Worth $1.44 billion, the reserve has been […]