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Brazilian Bank Santador’s Appeal Against Mercado Bitcoin Crypto Exchange Rejected

State of São Paulo’s Court of Justice has reportedly denied an appeal by a Spanish bank Santander, in a case against crypto exchange platform Mercado Bitcoin. This story has been developing for months now. In Feb 2019, a Rio de Janeiro court had passed a ruling in favor of Mercado Bitcoin. The judge presiding over […]
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Brazilian Exchange Mercado Bitcoin Wins $350,000 Legal Tussle Against Banco Santander

The Court of Justice in São Paulo, Brazil, has recently ruled Banco Santander has to unfreeze the account of a local cryptocurrency exchange, Mercado Bitcoin, with over 1.35 million reals ($350,000) in it. This, after determining a “lack of regulations doesn’t make a criminal activity”. According to local news outlet Portal do Bitcoin, judge Renata Barros Souto Maior Baião ruled in favor of the cryptocurrency exchange after determining bank Santander acted in an abusive way, as it apprehended the resources of Mercado Bitcoin “over fraudulent operations conducted by third parties.” As a result, Santander was forced to unfreeze the The post Brazilian Exchange Mercado Bitcoin Wins $350,000 Legal Tussle Against Banco Santander appeared first on CCN
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Brazilian Court Rules Santander to Return $350,000 to Crypto Exchange Mercado Bitcoin

Brazilian Court Rules Santander to Return $350,000 to Crypto Exchange Mercado Bitcoin The Court of Justice in the Brazilian state of São Paulo has dismissed the appeal made by Banco Santander against cryptocurrency exchange Mercado Bitcoin, and ruled that the bank should return funds to the company, local crypto media CriptomoedasFacil reports on March 8. […] Cet article Brazilian Court Rules Santander to Return $350,000 to Crypto Exchange Mercado Bitcoin est apparu en premier sur Bitcoin Central.
Bitcoin Central

Brazilian Court Rules in Favor of Mercado Bitcoin Crypto Exchange Over Closed Bank Account

In what is being considered to be a landmark judgement for the crypto industry as a whole, a Rio de Janeiro court has just passed a ruling in favor of Mercado Bitcoin — a local altcoin trading platform— over the “illegal closure” of one of its checking accounts. To elaborate further on the matter, the judge presiding over the case rejected an appeal submitted by Banco Sicoob that sought to reverse an earlier decision by a local district court (that had allowed the aforementioned exchange to keep its crypto-related bank account open). “There Needs to be a Clear Reason Given for Account Closures” In relation to the case, judge Regina Lucia Passos who oversaw the proceedings noted that banks need to provide their clients with a “justifiable reason” before closing their accounts. In her opinion, even though crypto trading is a risky activity, the Central Bank of Brazil has not prohibited the “buying/selling of digital assets within the nation’s borders”. Thus, Passos noted that what Banco Sicoob had done was not only illegal but also morally wrong. If that wasn't enough, Judge Passos also let it be known that since Sicoob had not incurred any losses by keeping Mercado Bitcoin’s account active, there was no clear justification as to why such a step had been taken in the first place. Lastly, she then went on to cite a couple of legal references that explicitly stated that in order for a bank to shut down the account of one of its clients, it needed to express its exact motives as well as reasons before taking such a drastic step. More on the Matter At this point in the article, it is also worth pointing out that this latest decision relayed by the Rio De Janeiro court might not be ‘final’ since late last year, the Brazilian High Court sent out a ruling which clearly stated that “banking institutions had the right to close accounts associated with cryptocurrencies without providing their customers with any reason”. In addition to this, one should also bear in mind that last October, another Brazilian court had directed two financial institutions to restore operations for accounts associated with crypto exchange Bitcoin Max— after it was discovered that the banks had once again acted illegally. On the matter, the country’s Federal District Court released a statement saying that Banco do Brasil and Banco Santander could face large fines if they did not comply with the judicial body’s decision. Not only that, the court also described the actions of the above mentioned banks as being “abusive and prohibited by consumer protection regulations”. Other Key Takeaways Worth Considering The Brazilian judiciary’s latest crypto-friendly judgement has been met by a lot of positivity across the globe. In addition to this, Brazil’s new president, Jair Bolsonaro, has just selected Roberto Campos Neto— a well known crypto proponent— as the head of the country’s Central Bank. On his appointment, Neto was recently quoted as saying: “I have studied and been dedicated intensely to the design of what will be the financial system of the future. I participated in studies on blockchain and digital assets. For the future market, where technologies advance exponentially, generating more rapid transformations.” Final Take In closing out this article, it should be remembered that as per a recent report released by Reuters, the Brazilian government is now looking to expand upon the policies of Ilan Goldfajn— the outgoing president of Brazil's Central Bank. Goldfajn has reportedly established an economic framework that is designed to help foster the growth of independent financial services and fintech companies within the country.
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Brazil’s Biggest Crypto Exchange Mercado Bitcoin Cuts Ties with Over 20 Employees

One of the most important and largest virtual currency exchanges in Brazil by trading volume, Mercado Bitcoin, has fired over 20 employees. The main intention is to focus on better governance and a more professional customer service. The information has been released by the news outlet Portal do Bitcoin, that has talked with four ex-employees that served at the company. According to some of them, the situation was ‘horrible’ and some workers were even crying about this decision. As per these employees, senior executives started getting laid off at the beginning of the last week. Additionally, other employees were fired some days later. The company explained that it was carrying out some structural changes to improve customer services and other sectors. Additionally, an employee at the company said that the working environment at Mercado Bitcoin was deteriorating since their work volume decreased over time. On the matter, one of these employees commented: “We created processes and presentations but everything kept getting stuck. Things that we did in an hour, now started being done in two days. Some people were really idle. I had nothing to do.” Mercado Bitcoin seems to have fired employees that were working just a few months after coming from other companies. The exchange currently manages 30% of the total Brazilian Bitcoin's volume. In September it traded 4,150 BTC and in October 1965 BTC. As per the report from Portal do Bitcoin, the exchange has been promoting some changes in the marketing, HR and administrative departments. Other sectors were left unchanged. The exchange operator informed that they fired only 20 people ‘only.’ XP Investimentos, Brazil’s biggest investment firm launched its XDEX cryptocurrency exchange in the country. At the same time, Huobi, one of the largest exchanges around the world by trading volume has also entered the Brazilian market. Exchanges in the country have also been investigated by the country’s regulatory watchdog. In August, the government sent a questionnaire to these companies to learn more about the industry and the activities they conduct in the South American country. Those who did not answer the questions could face a fine of $25,000 dollars. Other countries such as Japan, have also been controlling how cryptocurrency exchanges behave. In this way, it is possible to protect users and investors in the crypto market.
Bitcoin Exchange Guide

Brazilian Exchange Mercado Bitcoin Suffers Defeat In Pivotal Case As Banks Can Exercise Crypto Account Closure

A landmark case that defined the Brazilian crypto market this week. This Tuesday, October 9, it was decided by the Superior Court of Justice, the second-highest law court of the country, that banks can simply shut down crypto-related accounts without any kind of justification. During a judgment of Itaú Unibanco versus the crypto exchange Mercado Bitcoin, the court ruled by a majority vote that a bank can shut down crypto accounts without violating the law as it is not an abuse under the Brazilian consumer protection code to do so. A New Legal Precedent Portal do Bitcoin, affirmed that this was a landmark case and that it can change the future of the Brazilian crypto exchanges. According to Natalia Garcia, the juridic director of Foxbit, which was quoted by the local news outlet, having banking access is essential to the market and this decision can basically “finish the cryptocurrency sector” in Brazil. Another problematic aspect stated by Portal do Bitcoin was that the country did not have any prior court cases to base its future decisions, so this decision, which was based in a resolution that the Central Bank of Brazil made in 1993, will have a lot of impact in the market. The case was being judged since 2015. At the time, the company was notified that its account would be terminated by the bank in 30 days under “commercial uninterest” reasons. After Banco do Brasil (a state bank and one of the major banking entities in the country) decided to shut down Atlas Quantum’s account. Atlas was another cryptocurrency exchange located in Brazil which was recently in the middle of a leak. According to reports, 261,000 investors from Atlas had their information leaked to the dark web, where it was sold. The decision prompted Banco do Brasil to terminate the accounts of the company. Looking for Offshore Banking As the banks in Brazil do not have a very friendly relationship with crypto exchanges in the country, it may come a time in which the exchanges of the country will have to look for offshore banks in order to operate within Brazil. As the country is not known for having a lot of Bitcoin users, most people buy the tokens with fiat directly from the Brazilian exchanges, so they need banking access to exist. Most crypto companies still use Brazilian banks for banking services, but this can change quickly if the decision inspires other banks to dump these companies. This will lead into either of two scenarios: either the market will slowly die or it will have to use offshore banks.
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BlockchainBrad | Blockvera | Perlin | Crypto Interview | Leaderless PoS | IEO Binance| WASM | Dorjee

BlockchainBrad sits down with Perlin Co-founder, Dorjee Sun, for a Blockvera Deep Dive in an EXCLUSIVE crypto interview. They discuss all aspects of Perlin, including its leaderless ledger powering WASM smart contracts, their Initial Exchange Offering (IEO) on the Binance Launchpad and much more. This is a Free Interview and there is a very strong focus on business & enterprise. In just over an hour, Brad & Dorjee discuss topics such as Perlin’s technical solution, why it’s scalability, speed and finality are real advantages, their strategic positioning in Singapore, upcoming partnerships and collaboration with governments, the value and utility of their token and the details of their IEO are all discussed at length. This video was completely free - neither Brad nor Blockvera were compensated in any way, not in $, token or any other form of payment. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 👇 MORE INFO ON PERLIN Website - https://www.perlin.net Telegram Community -https://t.me/perlinnetworkchat Medium -https://medium.com/perlin-network Twitter -https://twitter.com/PerlinNetwork ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ⏳Timestamps 0:52 A brief rundown of Perlin 4:14 Scalability, finality & potential to become a global settlement system 7:53 The value & credentials of their project team 10:30 How many crypto startups will still be around in a few years? 12:56 The future of utility tokens 16:20 The advantages of operating in Singapore 18:34 Partnerships 25:05 The network effect of belief with top 100 coins 30:03 Snowball Protocol 36:47 Does Perlin make it cheaper for businesses to operate? 39:00 The value & utility of the token 42:05 Would the increase in value of the token be a problem in the future? 43:40 Team tokens & private sale terms 47:25 Difference in IEO price vs Private sale 49:30 Why Binance? 51:10 How can you avoid “pump and dumps” in these situations? 55:33 Government collaborations worldwide 59:00 Outlook for the next year 1:05:44 Final thoughts ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele https://t.me/BlockchainBradCommunity ► Follow on twitter: https://twitter.com/Brad_Laurie ► Join BlockVera on twitter: @BlockVera ► Check out BlockVera on youtube: https://www.youtube.com/watch?v=Af4pD... ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This interview was entirely, 100% free in every way, not tokens, no under the table deals. I believe that sponsored content is not a problem if disclosed openly to the community. This is not Financial Advice. Please #DYOR ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I have not invested in Perlin. I did consider investing in Perlin, but I decided I may invest later after listing. This is not Financial Advice, but I really believe in this project. #DYOR always. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● BlockVera General Disclaimer: This BlockVera Episode was entirely free. BlockVera is about providing more #Truth, #Trust and #Transparency in the Crypto Space. We will be bringing to you several free and unsponsored pieces of content on the BV platform, however to sustain our presence, we will also be doing some sponsored pieces too. BlockVera will always disclose sponsored content. This interview is not sponsored in any way. The BlockVera interviewer was not paid in any way to conduct this interview - there was also no sponsorship given to BlockVera. This was entirely free and for all of us. The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensure freedom from losses. BlockVera shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained from this website or directly from the website owner.
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Titles and Designations Among Industry Participants

Those that follow developments within the digital securities sector may have come across a variety of titles/designations given to industry participants. While a select few companies have set their sights on attaining a full scope of designations, most specialize in one area or another. This necessitates a high level of cooperation among companies, as issuing digital securities requires utilizing various services. With Securitize recently attaining the title of ‘transfer agent’, now is as good a time as any to take a brief look at what positions, such as this, entail. Here are a few designations typically associated with digital securities, and a superficial look at the roles which they play. Placement Agent Companies tasked with completing the roles of a placement agent typically function as a conduit for raising capital. A placement agent is usually hired by a company looking to raise capital through an STO/DSO or some other means of fundraising. Throughout this process, the placement agent will attempt to connect appropriate, and interested, parties (issuers & investors). In doing so, investors gain access to pre-vetted opportunities in their ‘wheelhouse’, while issuers benefit from access to a larger pool of investors. Beyond simply providing token issuers access to their contact book, placement agents are able to provide certain levels of clout to relatively unknown companies through mere affiliation. In addition, they are often tasked with helping develop marketing strategies for token issuers, to more efficiently connect appropriate parties. The following companies are examples of participants within the digital securities sector which hold the title of a placement agent. US Capital Global Entoro BlockPass Issuance Platform The entire process of selling and distributing digital securities is contingent on finding a competent issuance platform. Digital securities require specific traits to be built into their coding, as they are required to be compliant with securities laws imposed by regulatory bodies, such as the SEC. This is done when they are created, using issuance protocols based on blockchain technologies, such as Polymath’s well known ST-20. The following companies are examples of participants within the digital securities sector which act as issuance platforms. Harbor Fintelum Swarm Broker-Dealer A broker-dealer refers to a licenced company which buys and sells securities. A broker-dealer has the ability to act on behalf of, either, themselves or a client. This is a fluctuating designation which is broken down as follows: When securities are traded on behalf of a client, the company is assuming the role of a broker. When securities are traded on behalf of the company, itself, the company is assuming the role of a dealer. The following companies are examples of participants within the digital securities sector which hold the title of a broker-dealer. StartEngine Gemini Dinosaur Financial Group Custodian In a world which is becoming increasingly connected, new challenges regarding security measures are arising every day. This places increased importance on companies assuming the roles of custodians. Custodians within the digital securities sector are tasked with safely storing digital assets. While their means for achieving this may vary, their presence within the sector is extremely important. Warranted or not, blockchain based assets are often viewed together. This means that when an unregulated exchange with poor security measures is hacked, it paints a bleak picture of similar assets. To continue the upwards trajectory of blockchain based assets (digital securities), regulated custodians are of key importance. Through stringent security measures, they are able to provide a safe home for valuable assets, as well as piece of mind for their holders. The following companies are examples of participants within the digital securities sector which provide custodial services. PrimeTrust Copper TokenSoft Marketplace Provider For participating parties to benefit from the oft-touted liquidity associated with digital securities, these assets need a place to call home. Marketplace providers offer this, as they facilitate secondary market trading of digital securities. By facilitating the buying/selling of digital securities, investors can now easily enter and exit their positions. The following companies are examples of participants within the digital securities sector which act as Marketplace Providers. Archax OpenFinance TokenMarket Transfer Agent For companies which undergo the tokenization process and distribute tokens, a transfer agent is vital. Companies which assume this role are typically tasked with accurately tracking the activity and ownership of distributed assets. This means providing token issuers with an accurate picture of who is in possession of their digital assets, and in some instances doling out dividends to holders. The SEC breaks down the roles of a transfer agent into the following 3 main categories. Issue and cancel certificates to reflect changes in ownership. Act as an intermediary for the company. Handle lost, destroyed, or stolen certificates The following companies are examples of participants, within the digital securities sector, which hold the title of a transfer agent. Securitize VStock Transfer Horizon Globex Jockeying for Position While there are many roles and designations within the sector, these are a few of the most prominent and important found in digital securities. With the digital securities sector still in a nascent stage of growth, there are various companies jockeying for position as the ‘go-to’ entity for their specialities. In time, we will eventually see the cream rise to the top, as select companies stand out from the pack with the services they offer. The post Titles and Designations Among Industry Participants appeared first on Securities.io.
Securities.io

Surprise! Binance Researchers Prefer Binance Chain

The scalability trilemma continues to dog blockchain economies, according to the latest Binance Research. Ethereum, while clinging to the crown as the dominant token economy, is facing stiff competition from a range of scrappy competitors. And you’ll never guess which blockchain Binance researchers consider to be a top contender. The Binance report recognizes Ethereum’s success as  “the most used blockchain worldwide for developers to issue new tokens.” As the dominant network, Ethereum has introduced a large variety of fully developed token standards, including newer innovations such as security tokens and non-fungible tokens. But despite Ethereum’s large range of offerings, Binance Research says,  the “vast majority of these tokens are worthless,” and tokens on other blockchains also hold little value. The big exception is Binance Chain, which has “the second largest amount of positively-valued tokens,” after Ethereum. The study explains that “newer blockchains have begun to compete in different segments” as Ethereum suffers from issues with scalability and gas fees. In addition to Binance Chain, which allows users to pay fees “in any valuable asset,” popular competing blockchains mentioned in the report include “EOS, Ontology, and TRON or second layers running on blockchains like Simple Ledger Protocol for Bitcoin Cash.”   source: Binance Research   Presenting a detailed comparison of token-focused blockchain solutions, the study examines some of the distinctions between the various networks. DApp availability justifies the growth in use-case for token ecosystems and therefore is a key factor for consideration, according to the report, and speed and fees are important considerations as well. The researchers also consider “easiness to build,” along with security and the extent to which a blockchain is decentralized. In terms of DApp activity, EOS and TRON are the favorite blockchains for casino-style gaming. Ontology is a favorite among gamers, while exchange dApps have a strong presence on NEO.  Ethereum is more diversified in its offerings, with growth in a wider range of applications in finance and exchange. The blockchains seeing the most activity are “Ethereum, Binance Chain, EOS, Tron, and NEO.”    source: Binance Research   Binance Research points out that many blockchains offer a “compelling value proposition” for the issuance of tokens, which may eventually overtake Ethereum’s dominant position. Binance Chain in particular is singled out for “the creation of tokens natively” giving it an advantage over others that rely on smart-contract deployments, like Ethereum and a number of competitors. With the relatively low number of use-cases and users across the industry, the report concludes that even though Ethereum currently dominates, it is “too early to rule out” potential competitors. “In the long run,” the study says,  “a wide variety of programmable blockchains will likely coexist if interoperability solutions across chains develop and prove to be secure and usable.”    The post Surprise! Binance Researchers Prefer Binance Chain appeared first on Crypto Briefing.
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TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019

TriveAcademy, a player in building the blockchain technology infrastructure which also conducts training classes and consultation processes was awarded for the “Bloconomic Excellence Award – Best Blockchain Technology Developer Award” at the  Bloconomic Expo 2019. The Bloconomic Expo 2019 is organized by the Malaysian Blockchain Association and Alphacap Sdn. Bhd. As a sponsor partner for Bloconomic event, TriveAcademy has presented their latest technology and applications of Trivechain 2.0 to the public at the expo. Trivechain just launched TRVC App which all the speakers’ and volunteers’ certificates is been blockchain in their TRVC app. After a successful fork on April 22, 2019, the new version of Trivechain 2.0 has been successfully forked, deployed and is running steadily. Trivechain 2.0 has include major changes such as adjustments to their Proof-of-Work algorithm from X11 to X16R and Proof-of-Stake collateral from 1,000 TRVC to 10,000 TRVC. The mining hash rate and the number of masternode needs to catch up slowly and be supported by a new community. The hash power and number of masternodes is increasing gradually every day indicating a significant increase from the date it was forked. In an interview with Tan, he said that “Trivechain 2.0, as a blockchain platform, will create a highly compatible community to attract developers and entrepreneurs around the world to become part of the Trivechain community. This community along with a number of open source products will offer and create a more conducive ecosystem for developers. This allows the chain to provide the most favorable conditions for its users to develop its application.” Trivechain 2.0 is offering another alternative open source platform for developers to develop their new blockchain base business ventures. The platform is ready for deployment and for those who are interested to catch new mining trend. Come and join the Trivechain community! You are invited to apply for the development fund through the DAO governance system to build a friendly and efficient development ecosystem in the blockchain environment. Visit the official website at www.trivechain.com for more details. About Trivechain (TRVC): Trivechain (TRVC) is a games and entertainment public blockchain protocol managed by Decentralized autonomous organization (DAO) which focuses on games and entertainment to enter the new era digital age with implementation of blockchain-based technology and DApps (decentralized applications). Facebook: https://www.facebook.com/trivechainMedium: https://medium.com/trivechainTwitter: https://twitter.com/trivechain_trvcReddit: https://www.reddit.com/user/TRVC-2Telegram: t.me/trivechain The post TriveAcademy Awarded the Bloconomic Excellence Award at the Bloconomic Expo 2019 appeared first on Bitcoin Garden.
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Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average

The Big Winners From Yesterday Over the past day, the top performing coin out of the 133 coins we are tracking was Wanchain, which offered a day-over-day return 90.53%. Rounding out the top four currencies for the day were Civic, Aion, and Tael, which provided holders with returns of 27.02%, 26.53%, and 22.7% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex The Crypto Big Picture Overall, the average change in coin price for the coins we’re tracking was up 3.1253%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 34 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves Here’s a list of the specific coins that crossed their key moving average level: Status, district0x, Loopring, 0x, SingularDTV, SONM, IOTA, Verge, AirSwap, Request, Viberate, Power Ledger, Ripio Credit Network, Agrello, BlockMason Credit Protocol, Aeron, Genesis Vision, Po.et, Tierion, Tael, Time New Bank, Waves, OST, NavCoin, Lunyr, AppCoins, VIBE, Nucleus Vision, POA Network, Groestlcoin, Skycoin, Civic, Streamr DATAcoin, Dock. Also of note is that 66 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally? Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Wanchain, Civic, Aion and Tael Top All Cryptos; Coins in Aggregate Up 3.13% Overall, 34 Coins Cross Key Moving Average appeared first on DecentralPost.
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