Please don’t skip this message — it only takes a minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent, ‘bitcoin-only’ media is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 is all we ask for. To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. All of our writers have an active tipping widget.
  • Join our campaign on 
    Awesome perks are waiting for you such as the limited edition Bukele Blend Coffee from El Salvador.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.


South America: Crypto and Blockchain News Roundup 16th to 22nd February 2019

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

Support free writers: > send a tip

written by

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.


Banco Do Brasil Receives Authorization from the Courts to Close Atlas Quantum Account: Brazilian courts have ruled in favor of the second largest bank of Brazil, Banco do Brasil, and have authorized them to close the cryptocurrency company, Atlas Quantum’s account.

This came as a result of the Administrative Council of Economic Defense (CADE) responding to a lawsuit filed by the ABCB (Brazilian Association of Cryptoeconomics and Blockchain), pleading Atlas’ case against the closure of their accounts on the basis of “lack of regulation in the cryptocurrency operations.” The judge, Gustavo Coube de Carvalho, also ordered Atlas to pay  BRL 5 thousand for administrative costs, but the crypto company has decided to appeal the decision again.

Brazilian Investor Just Accidentally Bought Bitcoin at USD 20,000: A Brazilian trader recently made headlines for “accidentally” buying bitcoin at a massive loss, as he bought 0.0047 BTC for 340 Brazilian reals (~USD 91), whereas it was worth less than USD 15 on other exchanges. This means that he lost a whopping USD 19,400 for the total transaction while he placed his order on the local exchange TemBTC.

The trader’s unexpectedly large market order “cleaned” the platform’s thinly-traded order book, and after that, some bitcoins were also bought for USD 10,000, USD 16,000, and USD 13,000 before peaking at USD 19,000. The order exhibited a clear lack of knowledge from the trader when working with larger market orders as the trader paid a bitcoin’s all-time high price on Brazilian exchanges, which was previously recorded at USD 18,900 in December 2017.


Argentina Accepts Bitcoin Payment for Goods Sold to Paraguay: In a historic transaction, the two South American neighbors, Argentina and Paraguay, employed Bitcoin to pay for an export deal between the countries. In the transaction, Bitcoin was used as the means to process payment, where at the end the exporter received Argentine pesos or dollars and the buyer paid in local currency.

The transaction offered a critical advantage of speed, where the payment was settled within an hour and avoided typical delays that can linger up to three days.

Latin America’s Largest Investment Bank Launches Security Token: While Brazilian cryptocurrency banks have seen their fair share of problems, finally some good news comes their way as BTG Pactual, Latin America’s largest standalone investment bank announced the launch of its security token ReitBZ. The bank plans to raise up to USD 15 million in its token sales, which will be backed by distressed real estate assets in Brazil.

The ReitBZ token will use blockchain technology, and the investors can buy it through ETH or Winklevoss twins’ Gemini Dollar. According to the bank, investors would get yearly returns of 15-20 percent, and BTG will also be providing market-making services for the token to offer sufficient liquidity. ReitBZ’s initial sale period will last for ~90 days and the money collected will be reinvested into the portfolio.

Follow on Twitter: @BitcoinNewsCom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.


Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


bitcoin shop miami

Read More Bitcoin News

Hayek And Bitcoin

Hayek and Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.

Read More »


bitcoin shop miami

Join our Newsletter

Video of the Week


Latest on Bitcoin News

Join our Newsletter


This Month on Bitcoin News

Press Releases

Bitcoin News Archive

Support Bitcoin News - Explore Our Shop: