Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” …

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, …

Brazilian Cryptocurrency Exchange Wins Case Against Bank Who Closed 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 …

Brazil’s Central Bank Unveils Blockchain Data Exchange 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 …

Brazilian Entrepreneur Creates Bitcoin-Powered Coffee Machine

Open Positions at CCN: Full Time and Part Time Journalists Wanted. Ricardo Reis, a Brazilian entrepreneur, has recently created a bitcoin-powered coffee machine, in an attempt to show the flagship cryptocurrency has various potential use cases as actual “programmable money.” A video of the coffee machine in action was initially shared with a BTC-focused group …

Brazilian Investment Giant XP Investimentos to Launch Cryptocurrency Exchange

Join our community of 10 000 traders on Hacked.com for just $39 per month. Brazilian investment giant XP Investimentos, a financial services firm managing over $35 billion for over 500,000 clients, is reportedly going to launch a cryptocurrency exchange. According to the country’s Department of Federal Revenue, XP Investimentos has recently registered XDEX INTERMEDIACAO LTDA, …