Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce D...
Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September 1st, this being the second round of layoffs the company has executed in three months. Brazilian Exchange Mercado Bitcoin Announces New Wave of Layoffs Cryptocurrency companies in Latam and all over the world are being negatively affected by the recent downturn in crypto and traditional....
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Mercado Bitcoin, a Brazilian-based cryptocurrency exchange, has recently revealed that it would be making a foray into the Mexican market and starting operations in the second quarter this year. Reinaldo Rabelo, Mercado Bitcoin CEO, said the company was awaiting regulatory approval so it could kickstart operations in Mexico. The specifics of the expansion are unknown, […]
The Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available to the general public.
Mercado Bitcoin Subpoenaed on Fixed Income Token Investments
Cryptocurrency exchanges are becoming more than just that, and in regions like Latam, where there are countries with high inflation numbers,....
Major Brazilian exchange Mercado Bitcoin has raised $200 million from SoftBank and will seek to increase offerings and penetrate new markets.
The multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds One of the largest Series B funding rounds in LATM The Softbank Latin America Fund has invested in Mercado Bitcoin’s parent company 2TM Group. The announcement....
Bitcoin continues to open doors for companies around the world as a convenient currency and a movement towards innovation and decentralization. Just this week, Brazilian lead magazine, SUPER, implemented a Bitcoin paywall through Brazilian Bitcoin exchange, Mercado Bitcoin. SUPER will utilize a Bitcoin paywall for premium content including English translations of articles including and not limited to texts also published by The New York Times and The Economist. Just this past fall, BitMonet began accepting payment in Bitcoin for paywalls through integration with BitPay Inc. CEO, Mercado....