March 3, 2019 @ 9:43 pm By Samantha Hurst  |  

CoinBene, a Brazil-based cryptocurrency exchange, announced last week it is set to integrate Dash onto its platform. Founded in 2017, CoinBene claims to be the world’s leading trustworthy crypto assets platform and has users from more than 200 countries worldwide. Speaking about the integration, the Dash… Read More

February 27, 2019 @ 2:37 pm By Samantha Hurst  |  

Germany-based challenger bank N26 is reportedly set to open a new office in Brazil at the beginning of March. The news comes less than two months after N26 secured $300 million through its Series D funding round, which was led by venture capital and private equity firm Insight… Read More

February 25, 2019 @ 3:31 pm By JD Alois  |  

Banco BTG Pactual, an investment bank based in Sao Paolo, Brazil, is going crypto. More specifically, the bank is issuing a security token based on real estate assets. BTG Pactual is no small operation. In fact, total assets are pegged at over R$270 billion (USD $70+… Read More

February 17, 2019 @ 5:03 pm By Cali Haan  |  

Brazilian cryptocurrency exchange Bitblue has received a notice from Bradesco bank stating that the bank will close all Bitblue-associated accounts on February 26th, Portal do Bitcoin reports. Bitblue, for its part, with the assistance of The Brazilian Association of Crypto and Blockchain (ABCB), has asked the… Read More

January 29, 2019 @ 5:26 pm By JD Alois  |  

Digital challenger bank Jeitto has that it has closed on a new funding round led by Accion Venture Lab, a seed-stage investment initiative of global nonprofit Accion. The amount of funding was not disclosed. Accion was described as a strategic investor with “extensive global investment… Read More

December 9, 2018 @ 10:33 am By Cali Haan  |  

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

November 16, 2018 @ 8:49 am By Cali Haan  |  

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

October 31, 2018 @ 11:05 am By JD Alois  |  

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

October 31, 2018 @ 10:11 am By Cali Haan  |  

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

October 22, 2018 @ 3:32 pm By Cali Haan  |  

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

October 15, 2018 @ 9:42 am By Samantha Hurst  |  

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

October 13, 2018 @ 11:54 am By Xu Gao  |  

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

October 3, 2018 @ 1:49 pm By Cali Haan  |  

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

September 21, 2018 @ 7:42 am By Cali Haan  |  

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

August 31, 2018 @ 3:05 pm By Samantha Hurst  |  

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

August 30, 2018 @ 7:44 pm By Cali Haan  |  

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

August 27, 2018 @ 4:41 pm By Cali Haan  |  

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

August 27, 2018 @ 10:28 am By Samantha Hurst  |  

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

August 9, 2018 @ 6:40 am By Erin Hobey  |  

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

August 3, 2018 @ 12:03 pm By JD Alois  |  

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