A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
The price of Bitcoin has reached new all-time highs against several inflationary fiat currencies. Over a span of 30 hours, Bitcoin’s value surged against the Argentine peso, Nigerian naira, Turkish lira, Laotian kip, and Egyptian pound. However, it’s important to note that this increase is primarily due to the ongoing devaluation of these currencies, which […]
Latin America has shown a strong preference for centralized exchanges when it comes to cryptocurrency trading, according to a report by blockchain analytics firm Chainalysis. The region ranks seventh in terms of its crypto economy, with countries like Venezuela and Colombia leading the way in centralized exchange usage. Venezuela, in particular, has a 92.5% preference […]
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil. The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]
FTX co-founder Sam Bankman-Fried reportedly considered selling equity in the company to Saudi Crown Prince Mohammed bin Salman, according to testimony from former Alameda Research CEO Caroline Ellison during Bankman-Fried’s trial for alleged fraud. The testimony revealed that Bankman-Fried and Ellison discussed methods to hedge their investments in 2022, with the potential investment from the […]
A Brazilian congressional committee has released a report recommending indictments against Binance CEO Changpeng Zhao (CZ) and other executives for unauthorized financial activities. The report accuses them of offering unauthorized securities training and improper management practices. The committee, led by congressional deputy Ricardo Silva, also calls for further investigation into Binance’s affairs, focusing on the […]
A Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng Zhao and three other executives following an investigation into financial pyramid schemes in Brazil. The committee’s 500-page report accuses Zhao and the executives of fraudulent management practices, operating without sufficient authorization, and offering securities trading without authorization. The report claims that Binance and […]
A Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng Zhao and three other executives for fraud and securities violations. The decision to press charges now rests with the Brazilian police. The committee alleges that Zhao and the executives engaged in fraudulent management, unauthorized trading of securities, and operating a financial institution without […]
