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Turning Back the Clock: Investor Pays Almost $20,000 a Bitcoin in Trading Gaffe

Turning Back the Clock_ Investor Pays Almost $20,000 a Bitcoin in Trading Gaffe

Due to a glitch this week, a small Brazilian cryptocurrency exchange turned back the clock selling cryptocurrency at 2017 prices which finally hit USD 19,000 by the end of the day. The problem was down to a local exchange TemBTC selling to a trader who placed a large market order, which effectively “cleaned” the platform’s thinly-traded order book. Records indicate …


Samba School to Depict History of Money to Bitcoin in Rio Carnival

Samba School to Depict History of Money to Bitcoin in Rio Carnival

This year’s iconic Rio Carnival at Marquês de Sapucaí Sambódromo is to feature a performance depicting the history of money from the development of early 7th century coins to Bitcoin. “Give Me Some Money“, is the work of, no not Abba, but prominent Brazilian samba school Imperatriz Leopoldinense, who are currently working on their entry for this year’s Carnivale. The …


Brazilian Expert Says Blockchain Can Help People Live Longer

Brazilian Expert Says Blockchain Can Help People Live Longer

Blockchain technology has made its mark on several industries such as banking, AI, IoT, and education. But perhaps the industry that will potentially yield the most significant benefit from the technology is healthcare, where the ecosystem of medical data storage and retrieval promises to transform the industry and, consequently, the speed of diagnosis and technological advancement. Ailtom Nascimento, executive VP of …


South America: Crypto and Blockchain News Roundup 5th to 11th January 2019

South America

South America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Venezuela Government protests US Petro sanctions: Venezuela has registered a formal complaint to the World Trade Organization against the US sanctions on its cryptocurrency, Petro. The South American country …


Brazilian Crypto Expert Rejects Tulip Bubble Comparison

Brazilian Crypto Expert Rejects Tulip Bubble Comparison

Brazilian Bitcoin pioneer Samuel Maurer has claimed that Bitcoin cannot be compared to the Tulip bubble. Maurer regards this debate as an “outdated matter”, believing that even if the most seasoned economists want to draw analogies, there is no similarity between the Bitcoin and a tulip bubble. Usually, in mainstream media and economic expert’s circles, Bitcoin is compared to the …


Brazilian Crypto Holders Seek Physical Vaults for Storing Their Digital Assets

Brazilian Crypto Holders Seek Physical Vaults for Storing Their Digital Assets

For some Brazilian whales and cryptocurrency investors, the best defense against crypto theft is not just a secure password, but an actual vault. To secure their digital assets, Brazilian residents have turned towards private companies that offer secure vaults for storage of their assets. Once a dead industry, the rising theft of cryptocurrencies has forced holders to shift their assets to …


Brazil Bank to Launch Brazilian Real Stablecoin in January 2019

BNDES

The Brazilian National Social Development Bank, a state-run bank, will be launching a pilot program of the BNDES token in January 2019. The BNDES will be a stablecoin pegged 1:1 with the Brazilian Real (BRL). For reference, each BRL is worth USD 0.26 and has declined from USD 0.32 since January 2018. Stablecoins are becoming an increasingly popular breed of …


South America: Crypto and Blockchain News Roundup, 7th to 13th December 2018

South America

South America Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country. Venezuela Government starts converting pension payments to Petro: The government of Venezuela has started converting pensioners’ payment to state cryptocurrency Petro, away from the national currency Bolivar without …


The Golden Goose’s Bitcoin Egg: World’s Largest Mining Farm in Paraguay

The Golden Goose's Bitcoin Egg: World's Largest Mining Farm in Paraguay

The makeshift mining industry which has grown around Paraguay’s Itapúa Hydroelectric Dam near the borders of Argentina and Brazil is to become official with a new plan to build the world’s largest mining farm in the region. Bitcoin News recently reported that a growing group of crypto miners had created their own business in the region with an estimated 20,000 …


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