South America: Crypto and Blockchain News Roundup, 5th to 11th October 2018

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South America: Crypto and Blockchain News Roundup, 5th to 11th October 2018

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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.


Iranian authority declares Brazil country most prone to Coinhive cyber attacks: The Iranian Cybersecurity Authority (CERTCC) has declared that Brazil is the top country among reported attacks involving the CoinHive software.

According to the agency, more than 81,000 attacks were reported by Coinhive in 2017 alone. India came in second with 29,000 followed by Indonesia and Iran itself. This data is not yet endorsed by any other organization.

Coinhive itself is a mining software for Monero cryptocurrency. It has an API that allows you to allocated CPU and other computing resources to mine Monero’s XMR cryptocurrency.

Hackers usually break into a computer to try and install the software in it, remotely mining XMR without the owner’s knowledge. It also comes up bundled with other software packs in some cases.

Blockchain institutions expanding operations: Brazilian blockchain academy and other blockchain institutions are expanding their learning operations across the country and are now increasingly partnering with universities.

Recently, the academy partnered with leading blockchain initiatives like Consensys and expanded to Portugal. In addition, University of Sao Paulo is establishing a postgraduate course in Law and Information Technology which addresses Bitcoin and the decentralized economy. Other institutions like Faculdade Getúlio Vargas (FGV) have signed partnerships with Ripple to expand academic and institutional knowledge of blockchain technology.

New federal deputy of Sao Paulo is pro-crypto: Newly-elected Federal Deputy of State of Sao Paulo Eduardo Bolsonaro has declared that he is in favor of cryptocurrencies and even recorded a video on the subject.

Son of presidential candidate Jair Bolsonaro, Bolsonaro Jr is expected to bring a positive change in his state regarding cryptocurrencies and may also be able to influence his father on this matter if he is elected president. The move comes after an increasing number of Brazilian MPs and other members of government have come forward and declared themselves pro-cryptocurrency advocates.


Crypto ATMs increasing to help people combat inflation: Cryptocurrencies are becoming increasingly popular in Argentina as a means to combat rampant currency devaluation and inflation in the country. Keeping this in mind, two Bitcoin ATM companies, Athena Bitcoin and Odyssey Group, have decided to unveil more than 30 new ATMs in the country as early as the end of 2019.

Cryptocurrencies are set to become more and more popular with countries around the world where inflation is becoming a persistent problem. Argentina has been suffering from inflationary problems a while now as the peso needs constant monetary injections from the International Monetary Fund (IMF) to stay afloat. Currency devaluations present a golden opportunity for popular cryptocurrencies like Bitcoin to excel as they don’t have inherent inflationary measures.


New project tabled in Parliament for blockchain adoption: The Chilean lower house of parliament has been presented with a new project regarding blockchain adoption in the country, according to local media outlet Fortin Mapocho.

The resolution was created back in August but wasn’t presented in front of parliament until 5 October. The bill aims to implement blockchain technology in different public offices across the country. The project is currently being endorsed by two MPs Miguel Angel Calisto and Giorgio Jackson. They claim to have the support of eight other MPs as well.


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