Bitcoin on Brazilian “Fantástico” TV Show (leader of audience, tens of millions): “price at 1800 USD”, “can be used to buy groceries and fund debit cards”, not described as guilty of the ransomware. They even showed a reddit post at 5:50!

Bitcoin on Brazilian "Fantástico" TV Show (leader of audience, tens of millions): "price at 1800 USD", "can be used to buy groceries and fund debit cards", not described as guilty of the ransomware. They even showed a reddit post at 5:50! submitted by /u/duduqa
[link] [comments]

Bitcoin

Brazilian courts freeze 12 million dollars in Facebook’s Brazilian bank accounts.

Since WhatsApp implemented p2p cryptography, the Brazilian government has demanded that Facebook decrypts its users’ messages, especially those of users that are under investigation.

Unable to enforce their demands, Brazilian courts already blocked WhatsApp 4 times in Brazil. Some judges understand that blocking WhatsApp affects the lives of a lot of Brazilians who are not under investigation.

Because Facebook was unable to decrypt the messages and comply with the Brazilian courts it was fined several times several million reals which accumulated to a total of $ 38 million reals (equivalent to about 12 million US dollars.)

Today the courts decided to seize that amount from Facebook and continues to demand that Facebook either decrypts its users’ messages or provides the Brazilian government with a tool that allows them to spy on its users.

It’s hard to say what will happen next. WhatsApp is used by 99% of Brazilians, but if Facebook removes its cryptography, Brazilians will migrate to Telegram. That’s my prediction based on what happened when the Brazilian government blocked WhatsApp. Telegram’s servers weren’t prepared for the flood of new signups.

Being a Brazilian myself I am very curious to see how this plays out … Personally I hope that Facebook closes its Brazilian subsidiary and continues to provide a free internet experience outside of the reach of the meddling Brazilian courts. No doubt, Brazilians would continue paying Facebook for its services with international credit cards, or who knows, maybe even with bitcoins.

Thank you Facebook for ignoring the courts and respecting your users’ privacy!

submitted by /u/pinhopro
[link] [comments]
Bitcoin

Brazilian Banking Giant Banco Bradesco & Toyota Financial Services Join the R3 Blockchain Consortium

Banco Bradesco, one of Brazil’s largest banking and financial services firms has joined the R3-led banking blockchain consortium, R3CEV. So too, has Toyota Financial Services, the financial arm of automotive giant Toyota Motor Corporation. A leading Brazilian bank has joined the banking blockchain consortium led by New York-based R3, an announcement today revealed. Banco Bradesco […]

The post Brazilian Banking Giant Banco Bradesco & Toyota Financial Services Join the R3 Blockchain Consortium appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

News – CCN: Financial Bitcoin & Cryptocurrency News