![Brazilian flag A boy wearing a Brazilian jersey is seen walking past a wall painted with the Brazilian flag](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1245477090.jpg)
The bill will establish a ‘virtual service provider’ licence for crypto companies in Brazil
![Coinbase Coinbase logodisplayed on a smartphone screen beside Bitcoin cryptocurrencies](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1242008354.jpg)
Cormac Dinan, who has worked for Crypto.com and Deloitte, has been made country director of Coinbase Ireland
![Google Google logo is seen during the reopening of Google office in a historical building at the Main Square in Krakow, Poland on 29 November, 2022](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1245214572.jpg)
FTX bailed out BlockFi in June but FTX itself filed for bankruptcy five months later
![Jo Johnson Conservative MP Jo Johnson, former minister and brother of Boris Johnson, is seen at the Houses of Parliament in London on 20 June, 2019](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1150934162.jpg)
Binance claimed Johnson did this to focus on his work at FutureLearn, a digital education platform
![Sam Bankman-Fried FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on 13 December, 2022](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1245594206.jpg)
FTX donated millions to both the US Democratic and Republican parties before its dramatic collapse
![BlockFi BlockFi name and logo displayed on a phone with the FTX logo behind on a laptop screen](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1244781919.jpg)
BlockFi said it learnt about FTX’s situation via Twitter, like the rest of the world
![Bitcoin Two golden bitcoins drop into a tank of water](https://img.capital.com/imgs/articles/263x190x1/GettyImages-873696124.jpg)
Boardz has insisted it’s not just a forum for crypto users but ‘it’s for everyone’
![Caroline Ellison Portrait of former Alameda Research CEO Caroline Ellison](https://img.capital.com/imgs/articles/263x190x1/Caroline-Ellison_2.jpeg)
Sam Bankman-Fried has been charged by the SEC for defrauding equity investors
![Alexandre Dreyfus Alexandre Dreyfus, CEO, Chiliz & Socios.com, speaking at Web Summit 2022 in Lisbon, Portugal](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1244457396.jpg)
In 2022, Chiliz increased the number of staff that work for the company by more than 70%
![Shiba Inu (SHIB) A woman holds a smartphone with the Shiba Inu (SHIB) logo displayed on the screen](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1241559835.jpg)
A SHIB developer’s tweet has resulted in speculation about when Shibarium will be released
![Elon Musk Elon Musk attends the 2022 Met Gala Celebrating](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1395371342.jpg)
Peter Thiel, co-founder and former CEO of PayPal, has called the company ‘totalitarian’
![Bitcoin (BTC) Representation of bitcoin](https://img.capital.com/imgs/articles/263x190x1/GettyImages-1244772015.jpg)
The uplift in the crypto market came on the same day the latest US CPI figures were released