$ 8,181.3
$ 172.95
$ 54.17
$ 58.69

Crypto and Blockchain Information From Brazil: Oct. 6-12 in Evaluation

The story of Brazil’s crypto scams took a brand new twist over the previous week as CEO of an alleged pyramid scheme reportedly fled the nation after rejecting court docket deadlines.

Right here is the previous week of crypto and blockchain information in assessment, as initially reported by Cointelegraph Brasil.

Banco Authentic sponsors a crypto-related occasion

Brazil’s Banco Authentic was the principal sponsor of the Expo Boa Chance, a significant fintech convention bringing collectively monetary establishments, multilevel advertising and cryptocurrency-related companies, Cointelegraph Brasil reported on Oct. 6. Held at Expo Dom Pedro in Campinas, the occasion reportedly hosted greater than 20,000 entrepreneurs.

In keeping with Cointelegraph Brasil, plenty of crypto-related corporations on the occasion reminiscent of B2Ccoin and DD Company usually are not licensed by Brazil’s Securities and Alternate Fee (CVM) to function within the nation. Furthermore, a few of the corporations are alleged to be concerned in monetary pyramid schemes, the report notes.

Unick Foreign exchange reimburses a buyer as ordered by court docket

On Oct. 9, purported funding scheme Unick Foreign exchange executed a court docket order to reimburse one in all its purchasers. Beforehand, the corporate issued a public assertion claiming that they’d solely reimburse these prospects who had obtained their cost vouchers.

As beforehand reported, the Sao Paulo Court docket of Justice ordered a block on Unick Foreign exchange-managed property final week, following a lawsuit about delay withdrawals from the platform. The court docket finally ordered Unick Foreign exchange to pay $28,500 to a consumer who filed a grievance towards the corporate.

Beforehand, Unick Foreign exchange’s president argued that the corporate just isn’t an funding platform, however quite an education-focused platform.

Atlas Quantum’s CEO flees Brazil

The CEO of Brazillian funding startup and alleged pyramid scheme Atlas Quantum has reportedly left Brazil for Netherlands, as reported on Oct. 10. In keeping with Cointelegraph Brasil, the agency’s CEO Rodrigo Marques fled the nation together with his household shortly after a public listening to earlier than the Home of Representatives, dismissing the safety workers that used to accompany him in all places.

In the meantime, Atlas Quantum’s customer support denied the information to Cointelegraph, claiming that Marques was in Sao Paulo making an attempt to work out overdue withdrawals points on the platform. Following an data request, the Federal Police of Brazil reportedly mentioned that Marques is free to cross borders as there is no such thing as a conviction or any court docket order stopping him from doing so.

As reported in mid-September, Atlas Quantum rejected court docket deadlines to resolve its delayed Bitcoin (BTC) withdrawals on its platform. On Sept. 17, the Federal Court docket of Brazil dominated that the trade’s actions might represent a monetary pyramid and ordered to instantly freeze the corporate’s property. On Oct. 2, main crypto trade HitBTC denied allegations that it was concerned in freezing Atlas Quantum’s funds, claiming that the supplied proof was cast.

Republished from: Original Source

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin8,181.3 0.10 % 0.20 % 1.31 %
Ethereum172.95 0.12 % 1.53 % 4.60 %
XRP0.2903 0.41 % 0.61 % 4.95 %
Tether1.000 0.05 % 0.22 % 0.07 %
Bitcoin Cash229.76 0.58 % 1.62 % 2.64 %
Litecoin54.17 0.42 % 1.50 % 4.10 %
EOS2.900 0.34 % 0.97 % 6.55 %
Binance Coin20.60 0.21 % 1.14 % 4.80 %
Bitcoin SV107.14 1.92 % 13.07 % 24.15 %
Stellar0.06324 0.28 % 0.17 % 5.30 %

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