Mercado Brazil parent 2TM raised $200 million from Softbank roughly one year ago, planning to use those funds to help expand across Latin America. Though the company did enter Portugal through an acquisition earlier this year, in Latin America it continues to operate only in Brazil. Source
The platform uses an asset pricing model that offers interoperability, lower fees and no slippage. Source
Major Turkish crypto exchange BtcTurk has joined the crypto patent alliance (COPA) to team up with prominent firms in their mission to provide open access to patents and empower the adoption of crypto technologies. COPA aims to abolish patents as it’s perceived as an obstacle to innovations within the sector. The nonprofit favors a more communal approach when it comes to intellectual property. Its members include prominent crypto firms like prominent firms like Coinbase, Block and Aquarius. Apart from crypto-native companies, firms like Microstrategy and Meta have also joined COPA.…
Latin America is currently dominating the world regarding integrating cryptocurrency into daily life. In 2021, the value of the South American crypto market exploded from $68 million to an incredible $650 million, a ten-fold increase. Such significant growth has attracted the attention of major global blockchain companies to the region. Known for its successful cases in the field of creating and promoting cryptocurrency exchanges, the EHOLD group couldn’t resist building on its success and acquired the Argentine exchange C-Patex to exploit the opportunities in the region to their fullest. Diego…
KuCoin and SIG will also collaborate in incubation and ecosystem building for crypto startups through incubation, investment, and technical consultation. Source
The purchase of the 85% stake was for more than 1 million euros ($1.022 million), Bit2Me COO Andrei Manuel told CoinDesk, without disclosing an exact figure. Fluyez, operational as of March 2021, will continue being led by Luis Eduardo Berrospi, co-founder and CEO of the company. Source
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has become the latest crypto company to halt withdrawals. The platform described itself as “Asia’s leading digital asset exchange providing you high liquidity and insurance on your assets.” On Wednesday, Zipmex announced via Twitter that “due to a combination of circumstances beyond our control including volatile…
July 20, 2022 – South Bend, Indiana SIMBA Chain is announcing a new partnership for the global healthcare and life sciences industry with Equideum Health, the Web 3.0 and blockchain-powered health company formerly known as ConsenSys Health. The collaboration aims to significantly enhance global healthcare by building a decentralized marketplace, dubbed the Equideum Exchange, for empowering individuals to monetize health and health-relevant data about them. Integrating SIMBA Chain’s cutting-edge blockchain solution SIMBA Blocks with Equideum Health’s Elevated Compute™ platform will greatly accelerate both cross-blockchain interoperability and the incorporation of healthcare and…
“Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice,” the exchange announced on Twitter. Source
Singapore-based cryptocurrency exchange, Zipmex suspended withdrawals from its platforms on Wednesday, citing a “combination of circumstances” that were beyond its control. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. In a Tweet by the crypto exchange, it highlighted volatile market conditions and the “resulting financial difficulties of our key business partners” that have pushed it to take such drastic action. Though the exchange did not provide further details about the move, it…