P2P Bitcoin Lender Seeks Market Traction in Brazil
Bitcoin lending startup Bitbond is seeking to gain traction in Portugal and Brazil as it looks to grow its user base in 2016. The Berlin-based company, which has raised €800,000 ($870,000) in two public funding rounds, is currently competing against startups such as BitLendingClub and BTCJam in the peer-to-peer (P2P) bitcoin lending market, as well as as against other FinTech alternatives. Bitbond cited the high number of small businesses, high barriers to working capital and informal reports of bitcoin's growing traction as an investment vehicle in the country. According to its estimates,....
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Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.”
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A project in Brazil seeks to emulate the successful adoption of bitcoin seen on the beaches of El Salvador.
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Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program. A court hearing concerning the matter of relief will take place on October 6.
Celsius Files Debtors’ Motion to ‘Reopen Withdrawals for Certain Customers’
Court documents show that Celsius is looking to release roughly $50 million in funds to select customers. The....
The first Bitcoin ETF in Latin America made its debut yesterday on the Brazil Stock Exchange. Presented by QR Capital, a Brazilian blockchain investment firm, the ETF seeks to simplify Bitcoin exposure for institutions and companies. The ETF was approved by Brazilian regulators and is currently trading with the QBTC11 ticker. Bitcoin ETF Makes It in Brazil The first Bitcoin ETF initiative in Latam is already listed on the Brazilian stock exchange. Conceived by QR Capital, a blockchain investment firm and asset manager, its objective is to simplify Bitcoin access for institutions. This....