Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, The post Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive appeared first on CCN

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Brazilian Cryptocurrency Exchange Wins Injunction Against Bank Who Closed Its Account

Brazilian cryptocurrency exchange Walltime has recently won a court battle against local bank Caixa Econômica Federal, forcing it to unfreeze its account holding more than $200,000 worth of funds. Crypto Exchange Walltime Wins Preliminary Injunction Against Hostile Bank According to local news outlet Portal do Bitcoin, Walltime won a preliminary injunction, meaning the court’s decision The post Brazilian Cryptocurrency Exchange Wins Injunction Against Bank Who Closed Its Account appeared first on CCN

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Brazil’s Central Bank Unveils Blockchain Data Exchange Platform for Regulators

Brazil’s central bank has unveiled details of a newly-developed blockchain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the blockchain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic The post Brazil’s Central Bank Unveils Blockchain Data Exchange Platform for Regulators appeared first on CCN

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Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations

Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other companies created a “rival” association. Headed by fintech firm Atlas Project, other crypto-related companies The post Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations appeared first on CCN

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Brazilian Prison System Officials Caught in $22.4 Million Bitcoin Fraud

According to Brazilian news outlet Agência Brasil, authorities in Rio de Janeiro recently uncovered a money laundering scheme in which state officials misstate the budget spent on food for state-run prisons. Bitcoin was reportedly used to exchange some of the scheme’s proceeds, which totaled roughly $22.4 million. After the scheme was discovered, search warrants were The post Brazilian Prison System Officials Caught in $22.4 Million Bitcoin Fraud appeared first on CCN

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$270,000: Brazil’s Largest Bitcoin Exchange Foxbit Down for 72 Hours, 30 BTC missing

Foxbit, Brazil’s largest cryptocurrency exchange, has been down for over 72 hours, reportedly because of a bug that allowed its users to withdraw their bitcoin balances twice. The problem saw the company lose a total of 30 Bitcoins, at press time worth roughly $270,000. Through a livestream on YouTube, the company’s CEO João Canhada and The post $270,000: Brazil’s Largest Bitcoin Exchange Foxbit Down for 72 Hours, 30 BTC missing appeared first on CCN

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