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Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto

The mayor of Rio de Janeiro, Brazil’s second-most populous city, reportedly announced last week he plans to allocate 1% of the city’s treasury reserves to cryptocurrencies. Bruno Ramos de Sousa, Head of Global Expansion at Brazilian crypto asset manager Hashdex, shares insights into what this could mean for bitcoin adoption in Brazil.

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Videos

Kevin O’Leary: ‘Bitcoin Is Not a Coin. It’s Simply Software’

Kevin O’Leary, co-host of “Shark Tank” and O’Shares ETFs Chairman, discusses his approach for evaluating start-ups in crypto and investing in the wider blockchain space. “If you’re willing to invest in Microsoft and Google, why wouldn’t you invest in Ethereum? … It’s all software,” O’Leary said.

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