Rio de Janeiro Will Allocate 1% Of Treasury To Bitcoin

Talks about Bitcoin in Brazil are commonplace, but concrete political action has now been taken to adopt it. Eduardo Paes – mayor of Brazilian city Rio de Janeiro – recently announced plans to invest 1% of the city’s treasury in Bitcoin. His city will join a list of other political jurisdictions making small allocations to the cryptocurrency, eyeing its long-term potential.  Rio Hops On Bitcoin Paes announced the city’s new plans in a presentation at Rio Innovation week in conversation…

OTC Exchanges Forestalled $900,000 Bank Heist in Brazil

Some perpetrators targeted a multinational financial institution based in Spain, Banco Santander. It is an online heist that involved the sum of $900,000. However, it was forestalled following the seizure of the money by local over-the-counter (OTC) cryptocurrency exchanges. After the heist, they quickly tried the conversion of the stolen funds into Bitcoin. The local press, known as the Bitcoin Portal, said due to the huge sum of money involved, this prompted several of the bank accounts of the exchanges…

Figer Group Makes an Investment Towards the Tokenization of Soccer Players

On 6th March 2020, Cointelegraph reported that the Figer group, the highly acclaimed Brazilian sports management company, has launched OLE sports. OLE sports is a blockchain-based platform set to tokenize soccer players globally. Andre Figer, The Figer Group's Vice President, said that Olecoin would be a sign of hope for new soccer players, seeing that the majority of them drop their dreams despite being highly talented, due to lack of funds. Figer Group will make its digital token Olecoin available…