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Brazil’s Largest Independent Broker Is Launching a Crypto Exchange

Brazil’s Largest Independent Broker Is Launching a Crypto Exchange The parent company of Brazil’s largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday. Grupo XP, which owns brokerage firm XP Investimentos, plans to launch the platform in the “coming months,” the news source said, adding it will …

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Brazil Moves to Probe Banks After Crypto Exchanges Denied Services

Brazil Moves to Probe Banks After Crypto Exchanges Denied Services Brazil’s antitrust watchdog is investigating whether the major banks in the country worked together to close off access to cryptocurrency services. The Administrative Council for Economic Defense (CADE), an official wing of the Brazilian government, announced it was looking into the Banco …

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Base10’s debut fund is the largest-ever for a Black-led VC firm – TechCrunch

Base10’s debut fund is the largest-ever for a Black-led VC firm – TechCrunch Adeyemi Ajao (above left), the co-founder and managing director of Base10 Partners, was surprised to hear his firm’s $137 million fund was the largest debut to date for a black-led venture capital firm. He and his co-founder …

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Latin America is the next stage in the race for dominance in the ride-hailing market – TechCrunch

Latin America is the next stage in the race for dominance in the ride-hailing market – TechCrunch Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Groupon Mafia A new era …

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Ripio Rolls Out Crypto-Powered Loans Across Latin America

Ripio Rolls Out Crypto-Powered Loans Across Latin America Here’s something you don’t see every day: an ICO that has actually led to a shipped, working financial product. Revealed exclusively to CoinDesk, Argentinian startup Ripio is making peer-to-peer microloans available today to all its 200,000 bitcoin wallet users in Argentina, Mexico, …

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India’s Uber rival Ola is headed Europe with ride-hailing launch in the UK – TechCrunch

India’s Uber rival Ola is headed Europe with ride-hailing launch in the UK – TechCrunch The UK is getting another alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which becomes its first market in Europe. Ola was founded in 2010 and it covers …

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China’s Didi pumps $1B into its rebranded driver services business – TechCrunch

China’s Didi pumps $1B into its rebranded driver services business – TechCrunch Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out …

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In Argentina, venture capital surges even as the broader economy stutters – TechCrunch

In Argentina, venture capital surges even as the broader economy stutters – TechCrunch Even as the Argentine government was announcing the biggest slide in the country’s economic output in nearly a decade, technology investors in the nation’s capital are all gearing up for record fundraising years. Three of the country’s …

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BRICS Bank Consortium to Research Blockchain Applications

BRICS Bank Consortium to Research Blockchain Applications A consortium of state-owned development banks plan to research blockchain technology for international transactions and other products, Russia-based Vnesheconombank said Thursday. Vnesheconombank, the Brazilian Development Bank, the Export-Import Bank of India, the China Development Bank and the Development Bank of Southern Africa signed …

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