Cryptocurrency Analysis and News Portal
Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm.Announced Wednesday, Mexico City-based Bitso’s Series B also heralded the first investment in crypto by renowned fintech VC firms QED Investors and Kaszek Ventures, which led the fundraise.
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Brazilian Economy Minister Paulo Guedes has said that Brazil will issue its own central bank digital currency, or CBDC.Guedes made the statement on Thursday during a ceremony celebrating the number of 100 millionth digital savings account opened at Caixa Econômica Federal:"Now that the Central Bank is autonomous again, it’s also
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The Central Bank Digital Currency (CBDC) is the digital form of fiat. According to the president of Brazil’s Central Bank, Central Bank Digital Currency (CBDC) may be integrated into the financial system by 2022.According to Roberto Campos Neto, the president of the Central Bank of Brazil, Brazilians will probably see the
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Brazilian banks that have denied service to cryptocurrency companies are now being scrutinized by local authorities, according to a recent report from Folha de São Paulo.On May 20, the Administrative Council for Economic Defense, or CADE, voted to reopen the case against local lenders who reportedly refuse to work with
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In a recent trend survey made by DMEXCO and presented at an event in Cologne, Germany, it was determined that although the world is currently suffering economically, the digital economy may greatly benefit after the COVID-19 pandemic. According to the survey, the COVID-19 crisis will accelerate the rhythm of digital
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Bitcoin’s year-to-date performance compared to the Brazilian Real coupled with the country’s financial woes may help drive demand towards the cryptocurrency.According to a new report released May 11 by Delphi Digital titled “The State of Bitcoin”, Brazil’s central bank lowering its interest rates to 3% and the fact the Real
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A $5 million online heist in Brazil targeting Spanish multinational financial institution, Banco Santander was thwarted after the funds were seized with local over-the-counter (OTC) crypto exchanges.The perpetrators immediately moved to convert the stolen funds into Bitcoin (BTC), however, the cash triggered many of the bank accounts of the exchanges
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Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many
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Brazil has seen another tumultuous week in the cryptocurrency industry as the president of investment scheme Unick Forex said it will only pay customers who have kept their receipts, the 18th million Bitcoin (BTC) was mined, and the alleged pyramid scheme Atlas Quantum denied that videos with balances at
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Brazilian Congressman Aureo Ribeiro, author of a bill that purports to regulate the Brazilian crypto market, requested the opening of a Parliamentary Inquiry Commission (PCI) to investigate crypto-related fraud in Brazil. CryptoX got access to a document that asks for a deep investigatigation into companies like Atlas Quantum (and CEO
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