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The next steps for the creator of Mercado Bitcoin, the largest crypto brokerage in Brazil
After creating Mercado Bitcoin, executive develops new business at Harvard and receives US$ 1 million investment
Created in 2013, Mercado Bitcoin has become the largest Brazilian cryptocurrency brokerage. The person responsible for this was Rodrigo Batista, a graduate in Business Administration from the School of Economics, Administration, Accounting and Actuarial Science at the University of São Paulo (FEA USP). After buying his first bitcoin for US$ 4 in 2012, Rodrigo accumulated vast experience of success in the sector with Mercado Bitcoin, which he seeks to expand into a new business that he developed during a course at Harvard two years ago.
Digitra.com, his new business after selling Mercado Bitcoin in 2019, is also a cryptocurrency brokerage, but with a global focus and which aims to facilitate usability and experience for investors.
$1 million investment
Recently, Digitra.com announced a $1 million investment from 4Equity Media Ventures. Renato Mendes, co-founder of 4Equity Ventures, stated that the company was already looking for exposure in blockchain and cryptocurrencies, and found an opportunity in Rodrigo Batista's business.
We wanted to have exposure, but since we are not experts, we have difficulty in selecting the allocation of these resources”, explained Renato in an interview.
We had an intention on our side, within our thesis, to have exposure in crypto and blockchain. When you look at this market, everything is very new and complicated. The main issue that encouraged our investment is Rodrigo's experience. He is the creator of the largest crypto brokerage in Latin America. So in a sector that has so many adventurers, having someone like Rodrigo is very unique, he added.
The investment of US$1 million, equivalent to R$5.6 million at the current dollar exchange rate, will be used to promote Digitra.com and its token, DGTA. Since its launch, the company claims to have made no investments in 188 countries.
$BTC
After creating Mercado Bitcoin, executive develops new business at Harvard and receives US$ 1 million investment
Created in 2013, Mercado Bitcoin has become the largest Brazilian cryptocurrency brokerage. The person responsible for this was Rodrigo Batista, a graduate in Business Administration from the School of Economics, Administration, Accounting and Actuarial Science at the University of São Paulo (FEA USP). After buying his first bitcoin for US$ 4 in 2012, Rodrigo accumulated vast experience of success in the sector with Mercado Bitcoin, which he seeks to expand into a new business that he developed during a course at Harvard two years ago.
Digitra.com, his new business after selling Mercado Bitcoin in 2019, is also a cryptocurrency brokerage, but with a global focus and which aims to facilitate usability and experience for investors.
$1 million investment
Recently, Digitra.com announced a $1 million investment from 4Equity Media Ventures. Renato Mendes, co-founder of 4Equity Ventures, stated that the company was already looking for exposure in blockchain and cryptocurrencies, and found an opportunity in Rodrigo Batista's business.
We wanted to have exposure, but since we are not experts, we have difficulty in selecting the allocation of these resources”, explained Renato in an interview.
We had an intention on our side, within our thesis, to have exposure in crypto and blockchain. When you look at this market, everything is very new and complicated. The main issue that encouraged our investment is Rodrigo's experience. He is the creator of the largest crypto brokerage in Latin America. So in a sector that has so many adventurers, having someone like Rodrigo is very unique, he added.
The investment of US$1 million, equivalent to R$5.6 million at the current dollar exchange rate, will be used to promote Digitra.com and its token, DGTA. Since its launch, the company claims to have made no investments in 188 countries.
$BTC
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Tether Considers Lending to Commodity Traders, Report Says
The USDT issuer needs ways to utilize billions of dollars in profits, and commodity traders could benefit from the credit expansion.
Tether Holdings Ltd is considering lending to commodity trading firms, while the stablecoin issuer is looking to utilize billions of dollars in profits, according to an Oct. 14 report from Bloomberg.
Tether, which issues USDT, has discussed U.S. dollar-denominated lending opportunities with several commodity trading firms, Bloomberg reported, citing people familiar with the matter who asked not to be identified.
Tether did not immediately respond to Cointelegraph’s request for comment.
In those discussions, the stablecoin issuer also explored the potential for Tether
USDT
tickers down
R$ 5.56
to play a role in traditional commodity trading.
Commodity traders rely heavily on credit to finance international shipments of commodities such as oil and precious metals.
Companies specializing in commodity derivatives — such as futures or swaps — also rely on credit to finance trades. Futures tied to spot prices of cryptocurrencies are gaining popularity.
The USDT issuer needs ways to utilize billions of dollars in profits, and commodity traders could benefit from the credit expansion.
Tether Holdings Ltd is considering lending to commodity trading firms, while the stablecoin issuer is looking to utilize billions of dollars in profits, according to an Oct. 14 report from Bloomberg.
Tether, which issues USDT, has discussed U.S. dollar-denominated lending opportunities with several commodity trading firms, Bloomberg reported, citing people familiar with the matter who asked not to be identified.
Tether did not immediately respond to Cointelegraph’s request for comment.
In those discussions, the stablecoin issuer also explored the potential for Tether
USDT
tickers down
R$ 5.56
to play a role in traditional commodity trading.
Commodity traders rely heavily on credit to finance international shipments of commodities such as oil and precious metals.
Companies specializing in commodity derivatives — such as futures or swaps — also rely on credit to finance trades. Futures tied to spot prices of cryptocurrencies are gaining popularity.
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🚨 HOT NEWS 🚨
MrBeast Allegedly Raised $10 Million After Promoting and Dumping Altcoins
The YouTube creator does not appear to have broken any laws, but his actions have raised ethical concerns within the crypto community.
MrBeast, one of YouTube’s most popular creators, has been accused of participating in cryptocurrency promotion and dump schemes that reportedly netted him over $10 million.
The allegations were made against MrBeast by a blockchain researcher who goes by the handle SomaXBT on the social network X.
According to SomaXBT, MrBeast “allegedly made over $10 million by supporting low-cap IDO cryptocurrency tokens promoted by influencers such as Lark Davis, CryptoBanter, KSI, and others.”
Promotion and Dumping
The SomaXBT investigation alleges that MrBeast invested $100,000 in a project called SuperFarmDAO. He then allegedly used his status as an influencer to inflate the project’s SUPER token before dumping his holdings. This, according to SomaXBT, led MrBeast to exchange millions of dollars worth of SUPER for Ether and move it through multiple wallets, where he eventually made over $9 million in profit. Cointelegraph reached out to MrBeast’s media team for comment but did not immediately receive a response. SomaXBT went on to describe similar activities by MrBeast, claiming that he promoted and then dumped assets associated with Polychain projects Monsters, STAK, VPP and SHOPX.
MrBeast Allegedly Raised $10 Million After Promoting and Dumping Altcoins
The YouTube creator does not appear to have broken any laws, but his actions have raised ethical concerns within the crypto community.
MrBeast, one of YouTube’s most popular creators, has been accused of participating in cryptocurrency promotion and dump schemes that reportedly netted him over $10 million.
The allegations were made against MrBeast by a blockchain researcher who goes by the handle SomaXBT on the social network X.
According to SomaXBT, MrBeast “allegedly made over $10 million by supporting low-cap IDO cryptocurrency tokens promoted by influencers such as Lark Davis, CryptoBanter, KSI, and others.”
Promotion and Dumping
The SomaXBT investigation alleges that MrBeast invested $100,000 in a project called SuperFarmDAO. He then allegedly used his status as an influencer to inflate the project’s SUPER token before dumping his holdings. This, according to SomaXBT, led MrBeast to exchange millions of dollars worth of SUPER for Ether and move it through multiple wallets, where he eventually made over $9 million in profit. Cointelegraph reached out to MrBeast’s media team for comment but did not immediately receive a response. SomaXBT went on to describe similar activities by MrBeast, claiming that he promoted and then dumped assets associated with Polychain projects Monsters, STAK, VPP and SHOPX.
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Binance recovers R$1 billion in cryptocurrencies transferred by mistake 3 years ago
In 2021, FalconX, a cryptocurrency trading company, received around 1.35 million Solana units, equivalent to US$190 million today (R$1 billion, at the current exchange rate). But there was a problem: the company did not know the reason for the transfer. Now, the mystery has come to an end.
This week, it was finally revealed that the units actually belonged to Binance, the largest crypto exchange in the world. And the exchange revealed that the amount ended up being transferred by mistake to FalconX, in an operation that took years to unravel.
At the time, FalconX commented that there was no type of information or notification along with the record of the transfer via blockchain, something that would be possible and is widely used by users. It would be the equivalent of sending a Pix with a message to the recipient of the amount.
At the time, Solana's price was high, which intrigued the company even more. Months later, however, the cryptocurrency would end up plummeting with the bankruptcy of FTX. But Solana had a strong recovery in 2023 and this year, making the amount received by mistake significant again.
The mystery surrounding the transfer led FalconX to choose to keep the assets untouched. And, recently, Binance identified the Solana units as belonging to it. The exchange is one of FalconX's liquidity partners, which may have led to the error.
However, Binance has no official explanation for having transferred a millionaire amount of cryptocurrencies to the company. In the end, FalconX agreed to return the assets to the exchange, which therefore did not have to suffer a loss due to the initial error.
Although the amount caught the attention of investors, they represent a small fraction of the total assets that Binance has as a reserve for liquidity. The exchange has more than US$ 110 billion in asset reserves, including Solana.
$BTC $SOL
In 2021, FalconX, a cryptocurrency trading company, received around 1.35 million Solana units, equivalent to US$190 million today (R$1 billion, at the current exchange rate). But there was a problem: the company did not know the reason for the transfer. Now, the mystery has come to an end.
This week, it was finally revealed that the units actually belonged to Binance, the largest crypto exchange in the world. And the exchange revealed that the amount ended up being transferred by mistake to FalconX, in an operation that took years to unravel.
At the time, FalconX commented that there was no type of information or notification along with the record of the transfer via blockchain, something that would be possible and is widely used by users. It would be the equivalent of sending a Pix with a message to the recipient of the amount.
At the time, Solana's price was high, which intrigued the company even more. Months later, however, the cryptocurrency would end up plummeting with the bankruptcy of FTX. But Solana had a strong recovery in 2023 and this year, making the amount received by mistake significant again.
The mystery surrounding the transfer led FalconX to choose to keep the assets untouched. And, recently, Binance identified the Solana units as belonging to it. The exchange is one of FalconX's liquidity partners, which may have led to the error.
However, Binance has no official explanation for having transferred a millionaire amount of cryptocurrencies to the company. In the end, FalconX agreed to return the assets to the exchange, which therefore did not have to suffer a loss due to the initial error.
Although the amount caught the attention of investors, they represent a small fraction of the total assets that Binance has as a reserve for liquidity. The exchange has more than US$ 110 billion in asset reserves, including Solana.
$BTC $SOL
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The development of Bitcoin: from Satoshi Nakamoto to the present day
Bitcoin was created and presented in a whitepaper in 2008, as a response to the global financial crisis of the time, by Satoshi Nakamoto, whose real identity remains unknown. In addition to presenting his idea in the form of a whitepaper, he also wrote the code for the first version of Bitcoin. In other words, he showed in practice that his idea worked.
The first version of the Bitcoin code was not very elegant and only worked on Windows. As time went by, more programmers became interested in Bitcoin, and so new contributors began to emerge. In 2010, Laszlo Hanyecz, known for buying two pizzas for 10 thousand bitcoins, was responsible for adding support for MacOS.
Satoshi Nakamoto's farewell
Shortly after, Gavin Andresen began contributing to the code and gained prominence for it. More people began contributing and then Satoshi Nakamoto decided to "disappear from the map". In his last appearance, he said: "I'm working on other things. Bitcoin is in good hands with Gavin and everyone." From that moment until today, Bitcoin has been developed and maintained by the community. Many volunteers frequently contribute to the source code. And now there are organizations that pay these developers, allowing them to dedicate themselves full-time to developing Bitcoin. These organizations receive donations from individuals and companies around the world and use this money to give "grants" to programmers who dedicate themselves to Bitcoin-related projects. Many programmers decide to contribute to Bitcoin-related open source projects for the purpose of doing so, that is, because they truly believe in Bitcoin and would like to contribute to its future. However, this is not the only reason. $BTC #nakamoto
Bitcoin was created and presented in a whitepaper in 2008, as a response to the global financial crisis of the time, by Satoshi Nakamoto, whose real identity remains unknown. In addition to presenting his idea in the form of a whitepaper, he also wrote the code for the first version of Bitcoin. In other words, he showed in practice that his idea worked.
The first version of the Bitcoin code was not very elegant and only worked on Windows. As time went by, more programmers became interested in Bitcoin, and so new contributors began to emerge. In 2010, Laszlo Hanyecz, known for buying two pizzas for 10 thousand bitcoins, was responsible for adding support for MacOS.
Satoshi Nakamoto's farewell
Shortly after, Gavin Andresen began contributing to the code and gained prominence for it. More people began contributing and then Satoshi Nakamoto decided to "disappear from the map". In his last appearance, he said: "I'm working on other things. Bitcoin is in good hands with Gavin and everyone." From that moment until today, Bitcoin has been developed and maintained by the community. Many volunteers frequently contribute to the source code. And now there are organizations that pay these developers, allowing them to dedicate themselves full-time to developing Bitcoin. These organizations receive donations from individuals and companies around the world and use this money to give "grants" to programmers who dedicate themselves to Bitcoin-related projects. Many programmers decide to contribute to Bitcoin-related open source projects for the purpose of doing so, that is, because they truly believe in Bitcoin and would like to contribute to its future. However, this is not the only reason. $BTC #nakamoto
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Cryptocurrencies: Is there still time for an 'altcoin season' in 2024?
We are back to the "sausage water" moment in the crypto market, as I like to call it. We had a brief moment of enthusiasm after the announcement of the interest rate cut in the American economy, which managed to take the currency out of the US$ 55 thousand level.
At the moment, however, we see bitcoin oscillating between US$ 58,000 and around US$ 63,000 without a decisive upward movement.
$BTC
We are back to the "sausage water" moment in the crypto market, as I like to call it. We had a brief moment of enthusiasm after the announcement of the interest rate cut in the American economy, which managed to take the currency out of the US$ 55 thousand level.
At the moment, however, we see bitcoin oscillating between US$ 58,000 and around US$ 63,000 without a decisive upward movement.
$BTC
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What happens if the mysterious creator of Bitcoin moves an untouched fortune of $63 billion?
Since the emergence of Bitcoin in 2009, its anonymous creator, known by the pseudonym Satoshi Nakamoto, has been a figure shrouded in mystery and speculation. In addition to his identity, one of the biggest enigmas in the cryptocurrency world is what happened to the more than 1 million bitcoins believed to be in digital wallets controlled by him.
$BTC
These bitcoins were mined in the early days of the network, when the cryptocurrency was worth just a few cents, and have remained untouched for more than a decade. The immobility of these coins is one of the most discussed topics in the crypto community, since now that each unit of Bitcoin is worth more than $60,000, any movement could have a devastating impact on the price of the cryptocurrency, potentially causing a market crash.
Since the emergence of Bitcoin in 2009, its anonymous creator, known by the pseudonym Satoshi Nakamoto, has been a figure shrouded in mystery and speculation. In addition to his identity, one of the biggest enigmas in the cryptocurrency world is what happened to the more than 1 million bitcoins believed to be in digital wallets controlled by him.
$BTC
These bitcoins were mined in the early days of the network, when the cryptocurrency was worth just a few cents, and have remained untouched for more than a decade. The immobility of these coins is one of the most discussed topics in the crypto community, since now that each unit of Bitcoin is worth more than $60,000, any movement could have a devastating impact on the price of the cryptocurrency, potentially causing a market crash.
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Satoshi Nakamoto is on HBO! Understand why this is important 🎬🍿 $BTC
HBO has just released a new documentary, called “Money electric: the Bitcoin Mystery”, which tells the fascinating story of Satoshi Nakamoto,
HBO has just released a new documentary, called “Money electric: the Bitcoin Mystery”, which tells the fascinating story of Satoshi Nakamoto,
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Bitcoin to rise over 120% by 2025, says renowned economist $BTC
Bitcoin, the world's largest cryptocurrency, could rise by 120% this year, according to predictions from experienced trader Peter Brandt.
Amid market fluctuations, Brandt maintains an optimistic outlook on Bitcoin's future, estimating that the digital asset will reach the $135,000 mark by August or September 2025.
Brandt, known for his assertive market analyses, highlighted that Bitcoin tends to record large gains in the second half of halving cycles, when the reward for mining the cryptocurrency is cut in half. This phenomenon historically drives the price of BTC.
According to him, this cycle should repeat itself in the coming months, resulting in a significant increase in the asset's price.
Furthermore, the veteran trader mentioned that for his bullish analysis to remain valid, Bitcoin needs to remain above the $48,000 level.
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Any dip below that level could invalidate the bullish projection. However, Brandt remains confident that Bitcoin has room to grow, especially as its fundamentals strengthen and liquidity in the market increases.
Bitcoin, the world's largest cryptocurrency, could rise by 120% this year, according to predictions from experienced trader Peter Brandt.
Amid market fluctuations, Brandt maintains an optimistic outlook on Bitcoin's future, estimating that the digital asset will reach the $135,000 mark by August or September 2025.
Brandt, known for his assertive market analyses, highlighted that Bitcoin tends to record large gains in the second half of halving cycles, when the reward for mining the cryptocurrency is cut in half. This phenomenon historically drives the price of BTC.
According to him, this cycle should repeat itself in the coming months, resulting in a significant increase in the asset's price.
Furthermore, the veteran trader mentioned that for his bullish analysis to remain valid, Bitcoin needs to remain above the $48,000 level.
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Any dip below that level could invalidate the bullish projection. However, Brandt remains confident that Bitcoin has room to grow, especially as its fundamentals strengthen and liquidity in the market increases.
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Ripple launches bitcoin and cryptocurrency custody tool for banks and companies
Ripple, a long-standing cryptocurrency market company that owns controlling stakeholder , has announced a new bitcoin custody service for interested banks and companies.$XRP
According to a release last Thursday (10), Ripple Custody is the new custody division for companies interested in the service.
The company also stated that its new functionality introduced new hardware security modules, an integration for tokenization of real-world assets (RWA), among other improvements.
Through the digital asset custody service, Ripple stated that it can securely store any tokenized asset in the world. According to the company, it will provide a solution “as secure as that of banks”.
In the release, Ripple also stated that the custody service is a fundamental part of the cryptocurrency market. Therefore, it is a product that is expected to grow more and more, with expectations of reaching US$16 trillion by 2030.
Showing optimism in its predictions, the owner of XRP also stated that 10% of the world's GDP will be tokenized assets on the blockchain in the next six years.
Ripple, a long-standing cryptocurrency market company that owns controlling stakeholder , has announced a new bitcoin custody service for interested banks and companies.$XRP
According to a release last Thursday (10), Ripple Custody is the new custody division for companies interested in the service.
The company also stated that its new functionality introduced new hardware security modules, an integration for tokenization of real-world assets (RWA), among other improvements.
Through the digital asset custody service, Ripple stated that it can securely store any tokenized asset in the world. According to the company, it will provide a solution “as secure as that of banks”.
In the release, Ripple also stated that the custody service is a fundamental part of the cryptocurrency market. Therefore, it is a product that is expected to grow more and more, with expectations of reaching US$16 trillion by 2030.
Showing optimism in its predictions, the owner of XRP also stated that 10% of the world's GDP will be tokenized assets on the blockchain in the next six years.
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Trader Makes $$ 3.3 Million in a Month with #Popcat
According to a post by Lookonchain on X, the profit made by the trader was due to an “incident” as the crypto trader has been holding POPCAT for almost a month. He started selling as soon as the token’s price appreciated significantly.
According to a post by Lookonchain on X, the profit made by the trader was due to an “incident” as the crypto trader has been holding POPCAT for almost a month. He started selling as soon as the token’s price appreciated significantly.
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🚨 STJ decides that Pharaoh's assets of $BTC should compensate investors instead of going to the Union 🚨
🚨 2 altcoins com tendência de alta de até 1.400% para ficar de olho na corrida dos touros do Bitcoin 🚨
Avançado o Bitcoin
$BTC
tickers down
era trocado de mãos por US$ 62 mil (+2,5%). Movimento que favorecia altcoins como
ETH
tickers down
$AVAX
tickers down
cujas linhas de tendência podem levar esses tokens a superar o BTC em paridade e emplacarem valorização de até 1.400%, segundo especialistas.
Avançado o Bitcoin
$BTC
tickers down
era trocado de mãos por US$ 62 mil (+2,5%). Movimento que favorecia altcoins como
ETH
tickers down
$AVAX
tickers down
cujas linhas de tendência podem levar esses tokens a superar o BTC em paridade e emplacarem valorização de até 1.400%, segundo especialistas.
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