Former NFL head coach Rex Ryan had some harsh words for New England Patriots boss Bill Belichick on Monday as the team fell to 2-9 on the season following a loss to the New York Giants.
Ryan, who coached against Belichick when he was leading the New York Jets and the Buffalo Bills, appeared on ESPN’s “Get Up” and expressed his frustration with the tactics. Belichick didn’t publicly name a starting quarterback before the game against the Giants. He ended up starting Mac Jones and then benching him for Bailey Zappe in the 10-7 defeat.
Patriots coach Bill Belichick and Jets coach Rex Ryan shake after their game, Nov. 22, 2009.(Matt Stone/MediaNews Group/Boston Herald via Getty Images)
“Bill Belichick, please stop. Just name your dang starter. It doesn’t matter, they both stink,” Ryan said. “Whether it’s Zappe, ‘Peashooter’ Jones, we don’t care. They stink. Just go ahead and save the drama. Like we care about your team. Your team stinks.”
Ryan then suggested the team’s mantra of “The Patriot Way” only worked when Tom Brady was at the helm.
“This team plays like they’re exhausted and the ‘Patriot Way,’ that’s it,” Ryan continued. “It exhausts these kids. Tom Brady was the only reason you won anyway. I’m just telling you the difference.… I said from jump they would never win again. I said they would never win again when that guy trotted down to Tampa. Because I know how draining that is to those kids and that is what you’re facing right now.
Head coach Bill Belichick of the New England Patriots during the New York Giants game at MetLife Stadium on Nov. 26, 2023, in East Rutherford, New Jersey.(Elsa/Getty Images)
“You pick all the players, you do all this. Bill Belichick, greatest in the history, I will never dispute that. I’ve had my a– kicked by him a million times but if you think for a minute it wasn’t about Tom Brady, you’re absolutely crazy.”
Belichick said Monday at his press conference he didn’t think the team would add another quarterback from the outside.
Mac Jones of the New England Patriots fumbles the ball while being tackled by Kayvon Thibodeaux of the New York Giants at MetLife Stadium on Nov. 26, 2023.(Al Bello/Getty Images)
“I don’t really see that right now, but I mean, I wouldn’t rule anything out, anything that would help our team,” he said, via Pro Football Talk. “We’ve brought in players at any position. You never know what’s going to happen. If I think there’s somebody, if our pro scouting department thinks there is somebody that would help us, we’ll certainly listen to it and take a look at it, at any position.
Richard Teng, Binance’s former global head of regional markets and now CEO, announced his intention to drive growth at the crypto exchange following Changpeng “CZ” Zhao stepping down.
In a Nov. 27 blog post, Teng said he had the support of CZ and Binance’s leadership following the former CEO’s departure as part of an agreement with United States officials. According to Teng, Binance planned to continue a user-focused approach to its business and “drive growth and the adoption of Web3,” assuring customers they would hear more from him soon.
“I am eager to jump headfirst into my new role and know there will be many more opportunities for me to share my thoughts with the community through blogs like this one, through my social media accounts – Twitter, LinkedIn – and through the many industry conferences and events around the world,” said Teng.
I want to take this opportunity to share immediate focus areas, discuss our responsibility to users and my view on the future of our industry.https://t.co/c6QMS6Ulmm
It’s unclear how Teng will manage Binance’s business as it balances U.S. oversight and a well-known figure like CZ moving out of its leadership. On Nov. 22, blockchain analytics firm Nansen reported that there didn’t appear to be a “mass exodus of funds” 24 hours after the U.S. settlement with Binance, with the exchange’s total holdings increasing to more than $65 billion.
Teng became CEO of the major crypto exchange after Zhao agreed to step down as part of a settlement with the U.S. Department of Justice announced on Nov. 21. CZ pleaded guilty to one felony charge and will pay $150 million to regulators, while the crypto exchange agreed to roughly $4.3 billion in penalties.
Authorities are attempting to restrict travel for Zhao, who is usually based in the United Arab Emirates and has family in Dubai. The former Binance CEO could face up to 18 months in prison following his sentencing in February 2024.
Turns out the window for NFL coaches to rebuild and turn things around, once considered between 3 and 5 years, is now more like a dozen games. At least that’s the way with the Carolina Panthers because they just fired head coach Frank Reich in his first season.
Reich, 61, is out as the Panthers have the worst record in the NFL at 1-10.
The Panthers announced the move in a statement from club owner David Tepper.
Nov 9, 2023; Chicago, Illinois, USA; Carolina Panthers head coach Frank Reich watches his team play against the Chicago Bears in the second half at Soldier Field.(Jamie Sabau-USA TODAY Sports)
The club named special teams coach Chris Tabor the new interim coach. Senior assistant Jim Caldwell is the club’s new advisor to offensive play-caller Thomas Brown.
This move means the Panthers gave Reich 10 months to correct course for a franchise that hasn’t had a winning season since 2017.
So this firing goes down in NFL history because it represents one of the quickest dismissals of a coach ever.
A quick history lesson:
If one is looking for the shortest tenure for any NFL coach that has to be Bill Belichick’s time with the New York Jets. In 2000, Belichick was named head coach of the team to succeed Bill Parcells. Belichick had been the Jets defensive coordinator.
Frank Reich Firing Is Fast But Not George Allen Fast
Nov 19, 2023; Charlotte, North Carolina, USA; Carolina Panthers head coach Frank Reich reacts in the third quarter at Bank of America Stadium.(Bob Donnan-USA TODAY Sports)
But at his introductory press conference, Belichick gave a resignation speech. He had no intention of being the New York coach and actually went to the New England Patriots instead.
That was not a firing.
The quickest examples of a hot seat becoming an ejection seat for an NFL coach then moves to George Allen who coached only two preseason games in 1978 before being replaced by then defensive coordinator Ray Malavasi.
That same year the San Francisco 49ers fired head coach Pete McCulley in his first season after a 1-8 start.
Lou Holtz, yes the Notre Dame guy, coached the New York Jets to a 3-10 record in 1976 before departing. But his was not a firing. Holtz realized the NFL game was not for him and resigned. He eventually went back to college ball and is in the College Football Hall of Fame.
Panthers Didn’t Act Like They Needed A Rebuild
So Reich joins that historic group now and the obvious question is why?
Well, the record obviously is the answer. The Panthers not only have the NFL’s worst record, but their record this year makes last season’s 7-11 mark seem like the good old days.
But how the Panthers reached that record doesn’t necessarily point to Reich.
It’s clear the club is a full top-to-bottom rebuild and yet they didn’t treat it that way even before Reich arrived.
General manager Scott Fitterer was hired in 2021 and last season was part of the decision to fire Matt Rhule five games into in his third season as coach. Along the way, the general manager made key decisions such as to decline a trade offer that would have sent pass rusher Brian Burns to the Los Angeles Rams for two first-round draft picks.
Burns, 25, has been a good player for the Panthers in collecting 43 sacks the past five seasons but, well, two first-round picks.
Fitterer, seeing Burns as an anchor for the Panthers, didn’t share that view of running back Christian McCaffrey. He sent McCaffrey packing to San Francisco in exchange for second-, third-, fourth-, and fifth-round draft picks over two drafts.
All McCaffrey has done with his new team is score 24 touchdowns in 20 games.
Bryce Young Has Not Flourished Under Frank Reich
Nov 26, 2023; Nashville, Tennessee, USA; Carolina Panthers quarterback Bryce Young (9) during the first half against the Tennessee Titans at Nissan Stadium.(Christopher Hanewinckel-USA TODAY Sports)
Fitterer also gave up two first-round and two second-round picks plus receiver D.J. Moore to the Chicago Bears to move up from the No. 9 slot in the draft’s first round to the No. 1 spot.
The Panthers used that pick on Alabama quarterback Bryce Young. And their pick has struggled, throwing 9 TD passes and 8 interceptions.
This while C.J. Stroud, who was selected right behind Young by the Houston Texans, has thrown 17 TD passes with 5 interceptions.
All this has happened under Fitterer’s watch as well as Reich’s.
That doesn’t mean Reich hasn’t done some dubious things to merit scrutiny. His inability to get Young to play well consistently is an obvious problem.
Reich also took over play-calling duties at the start of the season, but gave them up in October when the Panthers were struggling. After three games, Reich took back the reins to the play-calling.
The Panthers didn’t produce to any satisfactory level with either Reich or offensive coordinator Thomas Brown calling the plays. The Panthers are averaging 16.3 points per game, which is fourth-worst in the NFL.
And the optics of the back and forth didn’t serve Reich well.
Reich was fired midseason by the Indianapolis Colts in 2022. So this is the second consecutive season Reich is relieved of his duties before getting through the season and the second consecutive season the Panthers fire their coach before the season is over.
For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens.
“Those are just fundamental buzzwords,” explains Near blockchain founder Illia Polosukhin, who worked on the groundbreaking “Attention Is All You Need” research that led to large language models like ChatGPT and Claude.
As one of the few people in the world who are as well versed in AI as they are in crypto, Polosukhin says that if you ignore the hype, the technologies really are a good fit.
“There’s a lot of specific things both in AI and Web3 that can use each other or benefit each other,” he says.
Magazine spoke with Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to examine some of the key hype-free, genuine use cases for AI in crypto and blockchain.
Over the next week, we’re rolling out one genuine use case for AI in crypto each day — including reasons why you shouldn’t necessarily believe the hype.
AI Doge is the perfect blend of AI and doge-iness.
The best money for AI is crypto
Everyone from Circle boss Jeremy Allaire to former BitMEX CEO Arthur Hayes to Animoca Brand’s Yat Siu is convinced that crypto will be the currency of choice for AI agents.
After all, LLMs are unable to get access to bank accounts but can easily make payments using a funded crypto wallet, and they’re well suited to interacting with the logic of smart contracts and DeFi protocols.
The humans delegating the funds in the wallet can set the overarching strategies and rules, and then observe how the AI agent has performed using the transparent record on the blockchain.
Allaire says that AI “and blockchains are made for each other,” with the tech suited to “machine-generated and enforced contracts” and “machine-to-machine value exchange.”
Completely agree. AI and Blockchains are made for each other. Provenance of data, machine generated and enforced contracts, and machine to machine value exchange. We are already hearing about AI Bots spinning up on-chain wallets and using USDC. https://t.co/BwmdGdVufJ
Hayes believes that Bitcoin is the most logical payment system for AI as it is “available at all times, digital and completely automated” and enables the AI to pay for “data and compute power—in order to ‘stay alive.’”
That said, Hayes also seems to think AIs will live for trillions of years “until the heat death of the universe,” and the LLMs will, therefore, choose Bitcoin as it can be mined by robots. So sometimes Hayes’ ideas tend to get away from him.
Animoca Brands Executive Chairman and founder Yat Siu is another high-profile industry figure who believes that crypto is the only logical way for AIs to transact “with each other as autonomous beings in future.”
“In the future, 70-80% of transactions will happen through autonomous AI agents and the decentralised nature of crypto makes it a perfect match.”
But don’t take the word of puny humans: ChatGPT also chooses crypto as its preferred currency without any nudges in that direction.
The best money for AI is crypto – Cointelegraph Magazine 21
Trading bots that are able to buy and sell crypto already account for up to 80% of spot volumes, and it’s likely these existing automated bots will progressively be replaced by more intelligent AI agents. (Be warned, however, that LLM-based trading experiments like Autopilot’s GPT Portfolio have seen mixed results so far, so putting your funds under the control of an AI is going to be a risky proposition for a while.)
Members of Near DAO have begun experimenting with allowing an AI to decide whether a particular new project satisfies the relevant grant criteria to fund it autonomously from the treasury.
How to add Bitcoin and crypto payments to an AI agent
It’s certainly easy enough to integrate crypto payments with AI. Lightning Labs has released a set of developer tools that enable GPT-4 to buy, sell and hold Bitcoin using the layer 2 network. And AI startup Fewsats has already created an agent that is able to pay Lightning Network invoices.
I don’t want you to freak out, but my @OpenAI agent just paid a LN invoice for me 👀
Fetch.Ai also offers a service where you can create an AI agent that is able to make payments on your behalf.
Syndicate.io founder Ian Dao Lee recently wrote a blog detailing how he was able to knock up a GPT in just a few hours, using OpenAi’s APIs and Syndicate’s Transaction Cloud, which is able to autonomously make USDC payments from a Safe wallet on the Base network.
He’s excited about the possibilities this holds. “The ability for AI to pay for things, hold things of value, exchange value, or create things of value — on behalf of itself or others — is how AI gets true agency,” he says.
“Some of the most interesting ideas open up not only when AI agents can transact on behalf of and with people, businesses, or other AI agents — but also when AI agents can manage things of value and transact on behalf of themselves.”
Lee believes that in the future, AI agents will be able to shop for things autonomously, manage the finances of people and organizations, determine and hand out funding approvals or try and grow wealth to help others.
However, it turns out that AIs are just as stingy with their money as humans are, donating an underwhelming $3 to charity.
The best money for AI is crypto – Cointelegraph Magazine 22
Don’t believe the hype
While AI can more easily use crypto at present, banks appear eager to adopt AI for a variety of uses and already use it extensively for the detection of financial fraud.
Payment companies like Brex are working on integrating AI with corporate bank accounts to allow AI agents to automatically make payments in defined circumstances, such as travel expenses.
And a team of researchers recently put out a preprint describing how they successfully trained an AI agent called MM-Navigator to work out how to search through Amazon for a given product within a certain budget and to buy it.
Until crypto payments are more widely accepted, fiat still has a lot of advantages when dealing with businesses in the real world.
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Andrew Fenton
Based in Melbourne, Andrew Fenton is a journalist and editor covering cryptocurrency and blockchain. He has worked as a national entertainment writer for News Corp Australia, on SA Weekend as a film journalist, and at The Melbourne Weekly.
The Carolina Panthers fired head coach Frank Reich on Monday following the team’s 17-10 loss to the Tennessee Titans.
Reich was in the middle of his first season with the Panthers. He had just taken over play-calling duties two weeks ago, but the Panthers failed to score more than 10 points. The team has not scored more than 20 points since Week 6 against the Miami Dolphins.
Carolina Panthers head coach Frank Reich looks on during the second half of the game against the Tennessee Titans at Nissan Stadium on Nov. 26, 2023 in Nashville, Tennessee.(Wesley Hitt/Getty Images)
The Panthers have the worst record in the NFL at 1-10.
“I met with Coach Reich this morning and informed him he will not continue as head coach of the Carolina Panthers. I want to thank Frank for his dedication and service, and we wish him well,” team owner David Tepper said in a statement.
Chris Tabor, special teams coordinator for the Carolina Panthers, talks with Cory Littleton, #55, while playing the Los Angeles Rams at SoFi Stadium on Oct. 16, 2022 in Inglewood, California.(John McCoy/Getty Images)
“Effective immediately, Special Teams Coordinator Chris Tabor will serve as our interim head coach. Senior Assistant Jim Caldwell will be a special advisor to Offensive Coordinator Thomas Brown, who will take over play calling duties.”
It is the second consecutive season Reich has been let go in the middle of the year. The Indianapolis Colts fired Reich after Week 9 last year. He was 40-33-1 as the Colts head coach.
Reich came in as the Panthers head coach with the team having its sights set on Bryce Young with the No. 1 pick. The team traded up to get the pick from the Chicago Bears and then selected the Alabama standout.
Frank Reich looks on during against the Houston Texans in the fourth quarter at Bank of America Stadium on Oct. 29, 2023 in Charlotte, North Carolina.(Eakin Howard/Getty Images)
Young and the offense has struggled this season. Carolina is 29th in points scored and 30th in yards gained. Young has 1,877 passing yards, nine touchdown passes and eight interceptions.
Reich is the second coach to get fired in the middle of this season. The Las Vegas Raiders let Josh McDaniels go earlier in the year.
Some Buffalo Bills players were frustrated with fans at Lincoln Financial Field on Sunday as they took on the Philadelphia Eagles.
Bills defensive end Shaq Lawson, defensive tackle Jordan Phillips and other Bills players walked from the sideline to the front row of fans and started going back and forth with them.
Shaq Lawson of the Buffalo Bills during the Eagles game at Lincoln Financial Field on Nov. 26, 2023, in Philadelphia.(Mitchell Leff/Getty Images)
Phillips appeared to get in the face of one of the fans and Lawson seemed to shove the spectator, according to a video on social media. Bills linebacker Leonard Floyd tried to keep the situation cool and walked Phillips and Lawson back to the bench.
It wasn’t immediately clear what sparked the interaction between the players and spectators.
Becca Cavalier, an Eagles fan, suggested the incident started after the spectator started “chirping” at the Bills players.
Jordan Phillips of the Buffalo Bills reacts after a play against the Eagles at Lincoln Financial Field on Nov. 26, 2023, in Philadelphia.(Mitchell Leff/Getty Images)
“I’m not sure exactly what happened that led to them all coming over,” she told the Buffalo News. “And the fan in the video were chirping at each other a lot the whole game, but I couldn’t really hear what was being said.”
The Eagles, Bills and the NFL didn’t immediately respond to Fox News Digital’s request for comment.
Philadelphia won the game 37-34 in overtime. Jalen Hurts scored the game-winning rushing touchdown and helped the Eagles to their 10th win of the season.
Jordan Mailata of the Philadelphia Eagles blocks Shaq Lawson of the Buffalo Bills at Lincoln Financial Field on Nov. 26, 2023.(Mitchell Leff/Getty Images)
Hong Kong cryptocurrency exchange HKVAEX has not applied for a virtual asset trading platform license with Hong Kong’s Securities and Futures Commission (SFC), a spokesperson for HKVAEX has said.
Amid multiple reports erroneously suggesting that HKVAEX has applied for an SFC license, the HKVAEX representative claimed the crypto exchange is yet to submit an application.
“We are still preparing for the application at the moment,” the HKVAEX representative told Cointelegraph on Nov. 27. The spokesperson stressed that HKVAEX should not be confused with VAEXC, which applied for a crypto license in Hong Kong on Oct. 25, according to SFC data.
“VAEXC is another applicant, and they have nothing to do with us,” the HKVAEX representative said, adding that the firm is unrelated to HKVAEX.
Hong Kong VAEXC license application. Source: SFC
The news came a few weeks after the Hong Kong-based publication South China Morning Post (SCMP) reported that Binance was behind the HKVAEX exchange. According to SCMP sources, HKVAEX was set up by Binance to pursue a crypto license in Hong Kong. The report also claimed that HKVAEX’s website uses Binance servers to fetch content.
The logos of cryptocurrency exchanges HKVAEX and Binance. Source: SCMP
HKVAEX and Binance did not respond to Cointelegraph’s request for comment on alleged links between the platforms.
According to data from SFC, OSL Digital Securities and HashKey exchanges are the only two crypto trading platforms that have been licensed as virtual asset trading platform operators as of Nov. 27. In August 2023, OSL and HashKey became the first crypto exchanges to start offering crypto trading services to retail customers in Hong Kong under the country’s new crypto regulations.
A critically endangered Sumatran rhino was born in Indonesia’s western island of Sumatra on Saturday, the second Sumatran rhino born in the country this year and a welcome addition to a species that currently numbers fewer than 50 animals.
A female named Delilah gave birth to a 55-pound male calf at a sanctuary for Sumatran rhinos in Way Kambas National Park in Lampung province, at the southern tip of Sumatra island.
The calf is fathered by a male named Harapan, who was born at the Cincinnati Zoo in 2006. He was the last Sumatran rhino in the world to be repatriated to Indonesia, meaning that the entire population of Sumatran rhinos is now in Indonesia.
A newly born Sumatran rhino calf walks in its enclosure at Sumatran Rhino Sanctuary at Way Kambas National Park, Indonesia. The critically endangered Sumatran rhino was born on Sumatra Island on Nov. 25, 2023, the second Sumatran rhino born in the country this year and a welcome addition to a species that currently numbers fewer than 50 animals.(Indonesian Ministry of Environment and Forestry via AP)
Most of the remaining rhinos live on Sumatra, several in captivity. They are threatened by destruction of tropical forest habitat and poachers who kill the animals for their horns, which are prized for making ornaments and for use in traditional medicine in China and other parts of Asia.
“This birth is also the birth of the second Sumatran rhino in 2023. It emphasizes the government commitment of the Indonesian Government on the rhino conservation efforts in Indonesia, especially the Sumatran rhino,” Indonesian Environment and Forestry Minister Siti Nurbaya Bakar said in a written statement.
She added that, from the semi-natural breeding efforts, there were five live births of Sumatran rhinos at the Way Kambas sanctuary.
A conservation guard found Delilah with the newborn male calf next to her on Saturday morning, 10 days earlier than the estimated date of delivery.
Delilah and her baby are in good condition as the calf is now able to stand upright and walk. Not long after he was discovered, he was able to breastfeed in a standing position, said a statement from Indonesia’ Environment and Forestry Ministry.
The Sumatran rhino is legally protected in Indonesia. The IUCN Red List of Threatened Species describes the Sumatran rhinos as critically endangered: the population is declining and only about 30 mature animals remain.
The yet-to-be-named calf is the first success delivery from Delilah.
Delilah, a 7-year-old female, was born in an Indonesian sanctuary in 2016.
She was the second calf born to her mother, Ratu, who also gave birth to a male named Andatu in 2012, the first rhino birth in captivity in Indonesia in 124 years. The father, Andalas, was born at the Cincinnati Zoo in 2001.
In September, Ratu, a 23-year-old female rhino, gave birth to a female rhino at the sanctuary in Lampung. Sumatran rhinos typically have a life expectancy of 35 to 40 years, according to the WWF conservation group.
Jon Gruden has been out of football since homophobic and racist emails were leaked to the media and ended his tenure with the Las Vegas Raiders in the middle of the 2021 season.
However, more than two years after the controversy ended his run in the NFL, his name popped up again on Sunday as it related to the Indiana Hoosiers football job.
Then-Raiders head coach Jon Gruden runs off the field for halftime during an NFL football game against the Chicago Bears on Oct. 10, 2021, at Allegiant Stadium in Las Vegas.(Heidi Fang/Las Vegas Review-Journal/Tribune News Service via Getty Images)
Tom Allen spent eight seasons as the Hoosiers head coach before he was fired on Sunday. He was 33-49 with the team, leading them to three bowl games. However, he never won a bowl game with the team, and his best year was an eight-win season in 2019.
“After continued evaluation of our entire football program, I have determined that we have lost momentum and that a change in leadership is necessary at this time,” Indiana athletics director Scott Dolson said in a statement.
Indiana Hoosiers head coach Tom Allen celebrates during the college football game between the Michigan State Spartans and the Indiana Hoosiers on Nov. 18, 2023, at Memorial Stadium in Bloomington, Indiana.(Michael Allio/Icon Sportswire via Getty Images)
Indiana head coach Tom Allen during a college football game between the Indiana Hoosiers and Purdue Boilermakers on Nov. 25, 2023 at Ross-Ade Stadium in West Lafayette, Indiana.(James Black/Icon Sportswire via Getty Images)
“I want to thank Tom for all of the contributions he has made to IU in his seven years leading our program. His passion, character, and class made a positive impact on our student-athletes. We wish him well in his future endeavors.”
The Athletic mentioned Gruden as a “big wildcard candidate” and that he has support from some key IU folks. Michigan’s offensive coordinator Sherrone Moore, Alabama offensive coordinator Tommy Rees and Washington State head coach Jake Dickert were among those mentioned as well.
Gruden did some consulting work for the New Orleans Saints. The last time he was in the NCAA ranks was when he was a tight ends coach at Pacific in 1989.
Ryan Gaydos is a senior editor for Fox News Digital.
Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform.
On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp capabilities.
Guilherme Sacamone, the general manager of OKX Brazil, commented that the Brazilian market has “enormous potential” to lead in crypto adoption and DeFi.
“We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app.”
OKX cites a recent survey that found 92% of Brazilian respondents want “clear and transparent information” about their investment security. The study also showed that 86% agreed that proof-of-reserves can make a positive impact on cryptocurrency market legitimacy and maturity.
Cointelegraph has reached out to OKX for additional information on its Brazilian expansion but has not yet received a response.
According to data from Chainalysis, in 2023, Brazil was one of the largest cryptocurrency markets in Latin America, alongside Argentina and Mexico. The data puts Brazil in ninth place for overall global crypto adoption.
Crypto activity in Latin America by platform type. Source: Chainalysis
Some of the exchanges currently available to users in the Brazilian market include eToro, Bybit, Kraken, Mercado Bitcoin and Binance. Data also shows Brazil leads the region in decentralized exchange and other DeFi-related activity.
Over the last year, the country has seen a particular uptick in adoption of the stablecoin Tether (USDT), which accounted for 80% of all crypto transactions, according to the country’s revenue service agency.
Recently, José Ribeiro, the CEO of crypto exchange Coinext, spoke with Cointelegraph in an interview, saying that Brazil’s crypto regulatory environment is driving “competitiveness,” which he says has increased “incredibly.”
Brazil is one of 47 countries — and one of only two South American countries — pledging to authorize the Crypto-Asset Reporting Framework by 2027 in cooperation with the Organisation for Economic Cooperation and Development.
