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Brazilian Police Swoop on Suspected Crypto Pyramid Operator Braiscompany


Brazil’s police force has conducted raids on addresses linked with Braiscompany, a suspected crypto pyramid. The firm’s owners have allegedly escaped the country with around $160 million worth of customers’ funds. Police launched an investigation into the firm, codenamed Operation Halving, earlier...

‘Historic’ BRICS Summit to Be Held Without Putin in Person


Russian President Vladimir Putin will not travel to Johannesburg for the BRICS summit in August, according to the office of his South African counterpart. Moscow will send Foreign Minister Sergey Lavrov instead, the Kremlin confirmed, emphasizing that Putin will join the event via video link. Putin...

Brazil Police Take Down ‘Crypto-powered Money Laundering Rings’


Brazilian police say they have taken apart two crypto-powered money laundering rings, with suspects arrested in four states across the nation. In an official Federal Police announcement, officers explained that they had “dismantled” two groups they claimed had been active in “international drug...

Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...

Brazilian Police to Auction Assets Seized from Suspected Crypto Fraudsters


Police in Brazil have announced plans to auction off assets seized from Trust Investing, a suspected crypto-themed financial pyramid operator. Per the media outlet Portal do Bitcoin, a Federal Court in Campo Grande granted the authorities the right to auction off “seven luxury cars,” including...

Ethiopia Joins Egypt in Seeking BRICS Membership


Ethiopia has joined Egypt and Algeria in applying to become a member of Brazil, Russia, India, China and South Africa (BRICS) economic bloc. According to the Ethiopian Foreign Affairs Ministry, joining the bloc would help the country guarantee its national interests. Safeguarding Ethiopian National...

Brazil: Suspected Braiscompany Crypto Fraudsters Detained in Argentina


Three suspected Brazilian crypto fraudsters have been detained while trying to flee to Argentina – as police continue to probe the troubled Braiscompany. In March, a number of suspected employees were filmed apparently emptying the firm’s São Paulo premises under cover of night. In May, police...

Brazilian Hospital Will Accept Crypto Pay in National First


A hospital in the Brazilian state of Rio Grande do Sul has become the first in the nation to accept crypto pay. Per the Brazilian media outlet Livecoins, the hospital in question is the Rolante Hospital Foundation (FHR), a large general hospital in the municipality of Rolante. FHR is the oldest...

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