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.

Why the meme-stock frenzy is unlikely to repeat

Published

6 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending