"On April 24, Brazil's National Monetary Council issued a resolution banning prediction market contracts related to non-financial events, including sports and entertainment, while allowing derivatives tied to economic benchmarks."
"Hashrate Index reports that Brazil's hashrate has grown by 133% year-over-year, positioning the country as a potential Bitcoin mining hub in Latin America, alongside Venezuela."
"Itau Ventures has made a $10 million investment in Minter, aiming to tackle future green energy waste through innovative mobile Bitcoin mining solutions."
Brazil has implemented a ban on non-financial prediction markets, prohibiting derivative contracts related to various events. The National Monetary Council's resolution allows derivatives tied to economic benchmarks. Hashrate Index indicates that Brazil and Venezuela could significantly increase their Bitcoin mining share, with Brazil experiencing a 133% year-over-year growth in hashrate. Additionally, Itau Ventures has invested $10 million in Minter to address green energy waste through mobile Bitcoin mining initiatives.
Read at news.bitcoin.com
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