Brazil has been recently troubled with economic woes and its economic activity fell to a nine month low this February. However, as it has become a trend recently, most of the countries around the globe suffering from economic troubles have looked towards Bitcoin for revival, and Brazil is no different. The Brazilian crypto exchanges have […] origin »
Brazil, the largest Latin American economy, broke a new record when Brazilian exchanges traded over 100 thousand bitcoin within 24 hours. In parallel, Brazil reported that its economic activity in February fell to the lowest level in the last nine months.
Paraguay’s hydroelectric powered-towns, long associated as dugouts for drug cartels, smuggling, and ammunition rackets, are now home to miners connected in a sophisticated network circuitry to mine cryptocurrencies for their owners.
Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.
Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions of shutting down accounts of brokers trading cryptocurrency without merit.
Arthur Hayes has shared his thoughts on the altcoin season, arguing that small- to mid-cap cryptos are always surging in price despite broader market sentiment.