Prominent cryptocurrency exchange, OKEx is all set to venture into the Latin American market following a new partnership with Settle Network. Citizens of Argentina, Mexico as well as Brazil will be able to purchase prominent crypto assets via bank transfers. OKEx To Utilize Binance Subsidiary Latamex Cryptocurrencies have garnered immense traction over the years. The
Deloitte’s latest survey suggests that inclination towards the use of blockchain technology as well as cryptocurrencies has witnessed a significant surge over the years. Citizens of China and Brazil consider the replacement of fiat currencies with cryptocurrencies. Blockchain Tech Garners More Boosters Blockchain technology has garnered many enthusiasts across the world. Several countries, as well
Tezos [XTZ] records 8.04% gain in the last 24 hours w.r.t. USD as the price moves up to $2.87. Technically, the price has at a critical break-out level with the push received by positive adoption news. Banco BTG Pactual, the largest investment bank in Latin America issued real estate tokens on the Tezos blockchain. Last
The emErgence of new digital economic systems has pushed the Brazil Central Bank to launch a new immediate fee system, PIX. This launch comes in response to the growing demand for Bitcoin and other digital currencies. According to the bank president, Roberto Campos Neto, it is set to revolutionize how the country interacts with money.
Key highlights Court says Craig Wright lied Brazil Central Bank adopts IMF guidelines Gemini joins Silvergate network PNC Bank joins RippleNet Portugal Tax Authority says No BTC Tax Court says Craig Wright lied This week, in an epic case judgment by the Federal Court in long-running Kleiman v. Wright lawsuit, the court found that the
A slump in most South American economies and collapsing local fiat currencies is becoming a big reason that citizens of these countries are embracing cryptocurrencies. But the craze for this new form of money is high that Brazil’s recorded trading volume on April 10th surpassed 100 thousand Bitcoins creating a new Latin American record Brazil
Gemini cryptocurrency exchange, led by American rowers and Internet entrepreneurs – Cameron and Tyler Winklevoss are on bulletins again. As per the latest report, a Brazilian bank ‘BTG Pactual’ intends to utilize ‘Gemini dollar’ by partnering with Gemini cryptocurrency exchange. Bank Step Ahead with Digital Token Per the reports and the statement by CEO Tyler
According to the news coming from Brazil, cryptocurrency exchange Bitcambio is amidst one such blunder where the exchange seems to have reportedly sent one of its users a whopping R$ 137 million – equivalent to about $35 million – after the user attempted to withdraw 500 reals, worth roughly $127. Exchange to reward for users
Venezuela is in deep economic crises and its fiat has gone for a toss. This has forced the government to officially launch the first state-backed “cryptocurrency” in the form of the Petro coin. And now, according to reports, Venezuela is using its state-backed cryptocurrency as an economic exchange with Brazil. Petro to be used for
BitcoinWhile the citizens of Brazil were rejoicing that finally, they will have an exchange that was local to them to trade on cryptocurrencies, XDEX has made an announcement that would bring down their happiness by a bit. As per the latest announcement, the crypto exchange wouldn’t allow users to send or receive BTC to their
While the world is still divided over regulations for cryptocurrencies, another country has moved forward and eased regulations for the institution to buy cryptocurrencies- well at least indirectly. In a recent announcement securities regulator of Brazil, Comissão de Valores Mobiliários (CVM) has allowed investment funds in the country, to indirectly invest in the crypto ecosystem
The new set of rules released by the Brazilian regulators seems to have gone well will the financial services industry in the South American country as the largest financial service provider has jumped into the crypto race. According to the recent reports, Grupo XP, the owner of XP Investimentos SA, is launching an exchange for
While the world’s oldest fiat currency British Pound has lost over 99% of its value, the currencies of emerging markets are on an ascend along with interest and investment in Bitcoin and cryptocurrencies. British pound, the oldest getting dumped If we take a look at the world’s oldest fiat currency, it is British pound. This
The global debt is continuously on the rise reaching $247 trillion while the financial assets market is looking at its impending crash. With the economies already in crisis, emerging markets are going to be affected even more. This is where Bitcoin comes to the rescue, having already started being adopted and used as a hedge
Brazil is the next destination that Pundi X has chosen to launch its POS devices and to capture this fast-growing and evolving cryptocurrency market it has partnered with Bit Capital the largest OTC dealers in Brazil for cryptocurrencies. Pundi X take the partnership route to expand quickly By this partnership Pundi X will get excess
Brazil and Chile of South America continent have been having a similar take on cryptocurrency sector as the banks of both the countries shut down the bank accounts and stopped services to crypto exchanges. This move has led the crypto exchanges in both the countries to come up with means to counteract regulatory measures.