Brazilian | Crypto

Brazilian police suspect the group of shipping around 6.5 metric tons of cocaine and laundering billions in Brazilian reals through crypto-enabled illicit money brokers. The Brazilian Federal Police last week busted an alleged international drug cartel thought to have trafficked around 6.5 metric tons of cocaine and laundered billions of reais in proceeds via methods that included crypto-enabled illicit money brokers. According to a Thursday announcement, federal and state law enforcement arrested nine people and executed 13 pretrial detention warrants and 44 search-and-seizure warrants across São Paulo, Minas Gerais, Santa Catarina and Espírito Santo. The police also obtained court orders to freeze up to 1 billion reais ($197 million) in assets during the investigation. The organization is suspected of moving billions in Brazilian reais through various asset-concealment methods, including shell companies, crypto-enabled illicit money brokers, luxury assets and real estate. The suspects will face charges incl...

Rio de Janeiro Civil Police launched an operation targeting a Comando Vermelho operational nucleus and found a crypto mining setup with roughly 30 computers arranged on shelves in a room on an apparently abandoned lot. The farm drew power from a clandestine electrical connection running directly from a utility pole. The machines carried high-capacity fans […] The post Brazilian gang raid reveals a new crypto-crime model: turning stolen power into digital money appeared first on CryptoSlate.

A representative from Brazil's stock exchange, B3, said the stablecoin would be “a tool to enable trading in tokens," which it planned to offer in 2026. Brazilian stock exchange B3 announced a move deepening its ties to digital assets through the launch of a tokenization platform and stablecoin for settlements, starting in 2026. In a Tuesday notice to investors, B3’s vice president of products and clients, Luiz Masagão, said the exchange plans to launch a tokenization platform for traditional assets, starting with stock market offerings. He added that B3 would also issue its own stablecoin as “a tool to enable trading in tokens." “The great value of having this tokenization platform connected to the traditional ecosystem is that assets are fungible,” said Masagão. “The token buyer won’t know they’re buying from a traditional stock seller. This allows for a smooth transition, with both benefiting from the same liquidity.” Read more

The stablecoin will facilitate tokenized asset transactions and is expected to be linked to the Brazilian real.

Brazilian solar energy company Thopen is reportedly exploring Bitcoin mining as a way to monetize excess renewable power and offset curtailment losses. Brazilian solar power producer Thopen is exploring a move into Bitcoin mining to absorb surplus energy generated by the country’s fast-growing renewable sector, the company’s CEO told local outlet BN Americas. Gustavo Ribeiro, who is CEO of Thopen and its majority owner, Pontal Energy, told BN Americas the company is considering expanding into Bitcoin (BTC) mining, according to a Wednesday report. When asked how Thopen plans to address Brazil’s energy oversupply, Ribeiro said the company is mitigating the issue through diversification. He added that the company is also “evaluating solutions such as data centers and Bitcoin mining near the load to absorb locally generated energy.” Read more

Brazil’s BRLV stablecoin gives institutions a compliant way to access the country’s high bond yields amid growing global demand for real-world assets. Crown, a São Paulo-based fintech company, has raised $8.1 million to launch a Brazilian real–denominated stablecoin designed to give institutional investors access to Brazil’s high-yield fixed-income market.  The new stablecoin, called BRLV, could make it easier for global investors to tap the country’s double-digit interest rates, which are often difficult to reach due to local regulations and capital controls. BRLV is fully backed by Brazilian government bonds, which offer yields far higher than those in more mature economies.  Read more

VERT, a Brazilian fund management and securitization firm, has launched a blockchain-based platform on the XRP Ledger (XRPL) to modernize the issue and management of agribusiness credit. According to a July 23 statement, the platform’s first significant transaction involves the tokenization of a BRL 700 million (~$130 million) Agribusiness Receivables Certificate (CRA), marking a substantial […] The post Brazilian firm VERT pioneers $130 million agribusiness tokenization on XRP Ledger appeared first on CryptoSlate.

Hackers siphoned about R$800 million ($140 million) from six reserve accounts connected to Brazil’s central bank after breaching São Paulo-based software vendor C&M Software on June 30, according to blockchain investigator ZachXBT and reports from local news outlets. Police said C&M employee João Nazareno Roque sold his corporate login for R$15,000 ($2,770) and later developed […] The post Hackers steal $140M from Brazilian central bank reserve accounts via partner breach appeared first on CryptoSlate.

Brazilian company Méliuz shares traded 7% lower at R$8.20 on May 30 amid the company’s announcement of a primary share sale that could raise roughly $26 million to expand its Bitcoin (BTC) treasury. The cashback and financial services firm filed to issue 17,006,803 new ordinary shares through Brazil’s fast-track “automatic” registration channel for professional investors.  […] The post Brazilian Méliuz announces $26M share sale to grow Bitcoin treasury, shares drop 7% appeared first on CryptoSlate.