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Cryptocurrency exchange Binance is making good on its promises to expand globally – focusing on emerging markets and fiat-to-crypto trading services. Also in The Daily, Huobi founder and CEO Leon Li meets a Putin adviser in Beijing, a leading Brazilian brokerage firm shares plans to launch a crypto exchange, and digital assets management firm Altonomy caters to institutional investors with an over-the-counter (OTC) trading desk and a cryptocurrency index fund.
Just days after French soccer giant Paris Saint-Germain football club (PSG) announced its own cryptocurrency, complete with an initial coin offering (ICO), Brazil’s Avaí Football Club has come up with a similar plan. Announced Wednesday, Avaí FC has partnered with blockchain-based sports investment ecosystem SportyCo and football investment platform Blackbridge Sports to raise funds worldwide through the ICO,
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Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail
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One of the biggest problems facing new investors is the hurdles they’ll need to jump through to simply sign up for an exchange and deposit money. CriptoHub offers loads of coin options, unique payment processing services, and more.
The Untapped Brazilian Market
Late last year, Bitcoin was making headlines all over the world as it soared higher than anyone had thought possible. Tens of thousands of people from around the world flocked to exchanges to get in on the ground floor of what many people in the community are calling the next big thing. Along with the swaths of new users, some exchanges quickly became overwhelmed and despite their best efforts ran into issues regarding reliability and customer services.
Brazil’s Securities and Exchange Commission (CVM) recently suspended the operations of mining investment scheme, Hashbrasil. The CVM has accused the company of violating securities laws by conducting an unregistered public offering.
Also Read: Chinese Altcoins Can’t Stop Failing
Hashbrasil Suspends Operations After Warning From Brazilian Securities and Exchange Commission
The Brazilian Securities and Exchange Commission has suspended solicitations from mining investment scheme, Hashbrasil – accusing the company of violating securities regulations.