Tagged: brazil

Brazilian Bitcambio Crypto Exchange Accidentally Sends $35 Million to Customer Withdrawing $129

After making a fairly routine request on the 10th of November to withdraw 500 reals ($129 USD) from his cryptocurrency exchange account at Bitcambio, Kaique Nunes wondered why the exchange was making so many repeated attempts to contact him. “Earlier last month, I issued some… Read More

Huobi Crypto Exchange Lays Off Workers at Brazil Shop

The world’s 3rd largest cryptocurrency exchange by trading volume, Huobi, has laid off 6 of 10 workers at its location in Brazil, Portal do Bitcoin reports. The layoffs, though not the exact number, were confirmed by Huobi’s local CEO in Brazil, Frank Tao. Huobi, which… Read More

The Oracle of Omaha: Warren Buffet Gives Fintech Some Love

Warren Buffet’s Berkshire Hathaway has moved into Fintech. Long a lover of more boring investments like insurance and rusty metal businesses, Berkshire has recently invested in two different Fintech firms. First, Berkshire backed Brazil based payments tech firm StoneCo. with a mere $300 million. StoneCo…. Read More

Brazilian Banks Ordered by Injunction to Restore Services to Bitcoin Max Exchange

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Banco do Brasil and Banco Santander have been ordered by a Federal District and Territorial Court (TJDFT) judge in Brazil to restore banking services to the Bitcoin Max cryptocurrency exchange- or pay fines, Portal do Bitcoin reports. According to Bitcoin Max lawyer Leonardo Ranna, all bank… Read More

Brazil’s Largest Cryptocurrency Exchange Fires 20 Employees

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by volume and registered customers fired “at least” 20 employees at the start of last week, Portal do Bitcoin reports. Four employees spoke to the publication on the condition of anonymity. They said executives were fired on Monday, and… Read More

Allied Wallet Adds New Payment Options to Online Payment Processing Platform to Service Brazil Customers

Allied Wallet, a UK-based provider of online payment processing offering various payment solutions in nearly 200 countries around the world, announced on Monday it recently added several new payment options to their platform to service the growing demand of alternative options in Brazil and abroad. According to Allied… Read More

China: WeiyangX Fintech Review

Alibaba Submits Blockchain Patent Applications that Allow “administrative intervention” On October 6th, Chinese e-commerce giant Alibaba applied for a blockchain system patent, allowing third-party administrators to perform “special treatment” (e.g. suspend a smart contract or freeze an account associated with an illegal activity). For example,… Read More

Adjunct to Its Investigation of Banks, Brazil Antitrust Body Orders Crypto Exchanges to Answer Survey or Face Large Fines

Ten Brazilian cryptocurrency exchanges and one OTC (over-the-counter/private) dealer have until the 19th of October to answer a questionnaire from that country’s anti-trust authority, and could face fines of up to  $25 000 USD if they fail to respond, Portal do Bitcoin reports. The Brazilian… Read More

Brazil Antitrust Authority Investigating Possible Bank Suppression of Crypto Industry

Brazil’s antitrust body, the Administrative Council for Economic Defense (CADE)  has launched an investigation into whether or not Brazilian banks have been, “abusing market power to undermine the performance of crypto-currency brokers,” Reuters reports. The Brazilian Association of Cryptomoedas and Blockchain (ABCB) reportedly requested the investigation… Read More

BitCapital Partners With Pundi X to Bring 1,000 Cryptocurrency Point-of-Sale Terminals to Brazil

BitCapital, a blockchain company with operations in OTC markets, has teamed up with Pundi X to bring 1,000 cryptocurrency point-of-sale (POS) terminals to Brazil. According to Pundi X, the terminals will be rolled out to hundreds of venues in Brazil.  While sharing details about the partnership, Zac Cheah, CEO… Read More

Brazilian Government Sends 14-Point Operations Questionnaire to Local Crypto Exchanges

For the past two weeks, the Brazilian government has been sending questionnaires to the country’s crypto exchanges soliciting information about their operations, Portal do Bitcoin reports. The requests for info have been being sent through the exchanges’ online contact forms, and the notices are signed by a… Read More

Bitcoin and Crypto Hostel Opens in Scenic Paraty, Brazil

A new bitcoin and crypto-themed hostel has opened in the historical beach town of Paraty, Brazil, Portal do Bitcoin reports. Rooms, meals and tours at “Hostel Bitcoin” can presently be paid for using regular currencies or bitcoin, though hostel proprietor, Alessandro Santos, says he plans… Read More

Wirecard Announces Digital Financial Service Expansion to Brazil

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is set to launch its digital finance service into Brazil. Wirecard reported that Wirecard Brazil, which will allow transfers, bill payments, card usage, and loans, is set to make its debut this October…. Read More

Nova Credit Expands into Latin America: Solving Credit Access for Immigrants, One Country at a Time

Nova Credit, started as a Stanford graduate research project in 2015, has quickly gained ground as a cross-border credit reporting agency aiming to solve the problem of credit access for immigrants and underbanked.  The platform will begin serving immigrants from South America through partnering with the Brazilian credit bureau… Read More

Brazilian Utility EDP Implements Blockchain for Distributed Electricity Generation

Energias de Portugal (EDP), a leading company in the Brazilian electric production sector, has become the first in the market to use blockchain technology for the measurement and recording of energy consumption and distributed generation coming from its consumers. While blockchain, or distributed ledger technology… Read More

Brazilian Court Temporarily Restores One of Four Walltime Crypto Exchange Accounts Closed by Banks

Operators of the Walltime cryptocurrency exchange in Brazil have won a preliminary injunction forcing Caixa Economia Federal (bank) to restore Walltime’s access to its account, Portal Do Bitcoin reports. According to Walltime lawyer Graziela Brandão, Caixa Economia Federal shuttered the Walltime account without notice or… Read More

Ripio Claims First Marketplace to Trade ETH for Brazilian Reais & Argetine Pesos

Ripio, previously doing business a BitPagos before a rebrand, has integrated Ethereum, becoming the first cryptocurrency wallet that allows the purchase and sale of Ethereum in both Argentina and Brazil. Sebastián Serrano, Founder and CEO of Ripio, said the addition of Ethereum will open their door to… Read More

Global Expansion Continues: Huobi Crypto Exchange Establishes Foothold in Brazil

In a recent conversation with Brazilian nationals, including a bank manager and an accountant, I was told that Bitcoin is “not popular” in Brazil. That may be about to change. Brazilian site Portal do Bitcoin have reported that representatives from the third largest cryptocurrency exchange… Read More

Brazil Fintech Nubank Launches Facial Biometrics “AccessoBio”

Brazilian fintech startup Nubank announced earlier this week the launch of its new facial biometrics feature, AccessoBio. According to various reports, the fintech firm will now use the AccessoBio tool to help prevent identity fraud in credit card transactions. ZDNet noted that Nubank believes the introduction of… Read More

Santander InnoVentures Moves into Brazil with Creditas Series-C Investment

Santander InnoVentures, the fintech venture capital fund of Santander Group, has invested in the startup Creditas, a leading Brazilian secured lending platform. Creditas is Santander InnoVentures, Santander’s USD 200 million corporate VC fund, first investment in Brazil and second in Latin America. Creditas increased of… Read More

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