Coinbase is buying Brazil’s largest crypto exchange

Published

2 years ago

March 29, 2022

Crypto titan Coinbase is buying the Brazilian company 2TM, worth more than $US2.2 billion.

2TM owns Mercado Bitcoin, the country’s largest crypto exchange.

According to US crypto-media outlet Cointelegraph, and Brazilian newspaper Estadão, Coinbase’s acquisition has been in the works for a few months and could be finalised as soon as next month.

$COIN $MELI – Coinbase gains on report in talks to acquire Brazil crypto unicorn 2TM https://t.co/CVKwbVn6A7
— Breaking News (@MarketCurrents) March 28, 2022

Crypto friendly

Brazil is becoming increasingly crypto friendly.

According to figures published by triple-A, more than 10 million Brazilians own cryptocurrencies, putting it 12th on the list of global crypto adoption.

More than 4% of Brazilians invest in crypto.

Coinbase Global (NASDAQ:COIN) rose 3.5% in premarket trading on a report that it’s in talks to acquire 2TM.

Will Australia’s foreign investment rule create an economic boost?

Published

1 day ago

May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

Money

Research key to investment success

Published

2 days ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

2 days ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured