Brazilian Exchange Mercado Bitcoin Wins $350,000 Legal Tussle Against Banco Santander

The Court of Justice in São Paulo, Brazil, has recently ruled Banco Santander has to unfreeze the account of a local cryptocurrency exchange, Mercado Bitcoin, with over 1.35 million reals ($ 350,000) in it. This, after determining a “lack of regulations doesn’t make a criminal activity”. According to local news outlet Portal do Bitcoin, judge Renata Barros Souto Maior Baião ruled in favor of the cryptocurrency exchange after determining bank Santander acted in an abusive way, as it apprehended the resources of Mercado Bitcoin “over fraudulent operations conducted by third parties.” As a result, Santander was forced to unfreeze the

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Crypto Nightmare: This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000

Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium. At one point, he bought 0.0047 BTC for 340 Brazilian reals, worth about $ 91. At press time, said amount of bitcoin is worth less than $ 15 on other exchanges, meaning at the rate he paid for a full bitcoin would’ve cost him the equivalent of over $ 19,400. The cryptocurrency trader placed his buy order on a local exchange called TemBTC, which isn’t among the largest platforms in Brazil. According to local news outlet Portal do Bitcoin, a potential explanation for what

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