Largest Brazilian Bitcoin exchange founder, Gustavo Schiavon, dead at 24
2018-12-27 01:06:32 Discuss Foxbit co-founder Gustavo Schiavon, known affectively as Guto, has passed away in a car accident in the Brazilian state of São Paulo. While driving between Marília city and São Paulo capital his car spun under heavy rain and got hit, back side first, by a large cargo truck. The automobile was reduced to a fraction of its size by the impact. Guto was accompanied by his girlfriend Ariadny Rinolfi who survived the crash but is in serious condition under intensive care at a São Paulo hospital. A se... Continue reading.
Brazilian tax authority hardens rules for Bitcoin exchanges: monthly statements to become mandatory
2018-10-31 10:05:01 Discuss Brazil's equivalent of the IRS, Receita Federal (RFB), wants to tighten the rules for cryptocurrency exchanges. The new administrative guidelines were made known when the terms of a public consultation were published in today's early hours. The consultation was opened to request comments from experts about how to deal with tax dodging and money laundering using cryptocurrencies. Public consultations rarely ever get modified and the process is seen as an instrument for transparency rather than a softwa... Continue reading.
Brazil's largest Bitcoin exchange has been down for 72 hours. R$ 1 million in duplicate transactions being investigated
2018-03-13 00:02:25 Discuss Brazil's largest Bitcoin exchange, Foxbit, is down for maintenance as R$ 1 million (~ U$ 300,000) have apparently gone missing. In a live feed broadcast earlier today, Foxbit has discussed the issue and has reassured users that their funds are safe at this point, but that at least 130 suspected transactions are being investigated. (November 2018 Update: A video previously located at https://www.youtube.com/embed/qdr0QcTH_1U has been permamently deleted.) The exchange claims (previously linked to ht... Continue reading.
A major South American Bitcoin exchange may be going down in São Paulo, Brazil
2018-02-22 23:43:06 Discuss A company named STM Investimentos (aka STM Operações) which ran a Bitcoin investment fund and the STMBit Exchange has stopped all payments, quit taking calls and investors are furious. According to G1 news portal, users sold cars and took out loans in order to invest in STM - and now they feel like they've lost everything. One investor drove 600 km to STM's headquarters but claims he only found a few employees who could not offer any details beyond excuses for the payment delays. None of the company... Continue reading.
Hackers Attack Gate
December 22, 2018 8:27 AM Discuss A group of hackers has recently attacked Gate.io, a crypto exchange, in order to compromise its web analytics platform to infect users. According to reports, these actors have compromised StaTcouter, a famous site based in Ireland, in an attempt to steal Bitcoin from the users of Gate.io. The attack consisted in injecting a malicious code into the script of the page that had a domain that was really like the one from the original page. Named StatConuter?, this new domain was harder to spot than many traps. The ESET, which has found out about this case first, has also affirmed that the domain was also used for a scam back in 2010. ESET is a Slovakian cybersecurity firm that discovers this sort of attack often.
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