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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 Maurer regards this debate as an “outdated matter”, believing that even if the most seasoned economists want to draw analogies, there is no similarity between the Bitcoin and a tulip bubble.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 …


South America: Crypto and Blockchain News Roundup 16-22 November 2018

South America

South America Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country. Brazil Increasing Number of Brazilians Preferring Digital Payments: A recent survey shows that Brazilians are increasingly willing to migrate to digital payments alternative. The tendency was highest among all the …


Brazil Crypto Exchange Associations Send Proposals to Revenue Office

brazil

Brazil’s Cryptocurrency Exchange Associations ABCripto (Brazilian Association of Cryptoeconomics) and Brazilians Association for Cryptocurrencies and Blockchain (ABCB) have forwarded proposals to the Federal Revenue Service of Brazil (RFB) for public consultation. The move comes after the RFB enacted several new moves to account for monthly cryptocurrency transactions by exchanges and demanded control of these assets to avoid tax evasion in …


Mitsubishi UFJ Signs MoU with Brazil Bank for Ripple-Based International Payments

Ripple

Japanese banking corporation Mitsubishi UFJ Financial Group (MUFJ) Inc has announced that it has struck a partnership with Brazilian bank Banco Bradesco for a new Ripple-based cross-border payments system. According to an official press release from the Japanese bank, the new partnership will be based in Brazil itself with the local subsidiary of the bank Banco MUFJ Brasil involved in …


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