Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees

Mercado Bitcoin, Brazil’s largest cryptocurrency exchange by trading volume, recently fired “at least” 20 employees amid restructuring efforts being made to “focus on professionalization, better governance and more agility in customer service.” Local news outlet Portal do Bitcoin reportedly spoke to four now ex-employees that served at different hierarchical levels. One noted it “was horrible” The post Brazil’s Largest Bitcoin Exchange Just Fired ‘at Least’ 20 Employees appeared first on CCN

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Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, The post Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive appeared first on CCN

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Brazilian Entrepreneur Creates Bitcoin-Powered Coffee Machine

Ricardo Reis, a Brazilian entrepreneur, has recently created a bitcoin-powered coffee machine, in an attempt to show the flagship cryptocurrency has various potential use cases as actual “programmable money.” A video of the coffee machine in action was initially shared with a BTC-focused group on Facebook, and made the rounds on social media. The machine … Continued The post Brazilian Entrepreneur Creates Bitcoin-Powered Coffee Machine appeared first on CCN

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Known Bug in Brazilian Bitcoin Exchange Foxbit Sees Users Lose 58 BTC

Brazilian cryptocurrency exchange Foxbit has recently revealed that, via the BlinkTrade trading platform, it updated its login process, making it safer for users. The update may be too late, however, as recent reports suggest the company’s poor security allowed hackers to phish users out of an estimated 58 BTC (about $540,000). The 58 BTC estimate The post Known Bug in Brazilian Bitcoin Exchange Foxbit Sees Users Lose 58 BTC appeared first on CCN

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