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Gleec BTC Exchange acquires BlockTane to enter the Brazilian market

Estonian crypto trading platform Gleec BTC Exchange has announced the acquisition of Blocktane, a Brazilian digital exchange, as it makes strategic plans to deepen its momentum in the Latin American market. According to a press release shared with Coinspeaker, the acquisition of Blocktane by the Gleec BTC Exchange involves the company’s legal entity, brand name and online domains.

The agreement also foresees the maintenance of the management of the commercial platform, but under the leadership of Gleec to give life to the parent company’s ideologies in Brazil and abroad. The Blocktane platform was founded in 2020 as a direct and easy way for users to purchase cryptocurrencies in a regulated manner.

Although the platform has temporarily closed operations, it has grown to become one of the trusted places to trade cryptocurrencies, amassing a good market share that Gleec hopes to take advantage of. In addition to the key aspects of Blocktane’s operations that will now be under Gleec’s control, the new acquisition company will also directly handle the company’s native BKT token, as well as its treasury stock.

“We are pleased to partner with Gleec to bring their tools and products to Blocktane users in Brazil and their first entry into this national market,” said John Willock, former CEO of Blocktane.

Gleec bought Blocktane to keep up with the Brazilian crypto trend

Gleec has a major expansionist drive to enter new jurisdictions with a tendency toward cryptocurrency adoption. The impetus for exchange in Brazil was born out of the country’s latest disposition towards cryptocurrencies, in which lawmakers passed the bill to legalize cryptocurrencies as a means of payment.

The recently passed Bill No. 4,401 came after years of discussion by legislators. In an attempt to deepen the new bill’s influence in transforming the payments landscape in Brazil, Brazil’s Chamber of Deputies has established a new oversight body to oversee crypto payments in the country.

With the bills already approved by legislators, only the president’s approval remains and, once attached, the bill will be implemented in six months.

Brazil remains the most famous crypto hotspot in the Latin America region over the past year, and the country has seen impressive growth over the past year. It recorded more users adopting digital currencies, including Bitcoin (BTC) and USDT, among others, as shown by tax returns released by the Federal Revenue Service of Brazil (RFB).

Gleec also dove into El Salvador, the country that was ranked the first in the world to legalize Bitcoin in September 2021. Gleec’s presence in El Salvador is through its local subsidiary, Gleec SV. As it seeks to gain a foothold around the world, Gleec said in a statement that it will reopen the Blocktane platform in the coming weeks.

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Blockchain, Metaverse and NFT’s arrive in Granada in January with Block World Tour

In January we will have the opportunity to attend the most prestigious event in the Blockchain technology industry ever held in Granada.

After nine editions throughout Europe, the most prestigious and pioneering Blockchain congress in the world has chosen the city of the Alhambra as its next destination.

The BlockWorldTour organization has always tried to promote Granada as a technological city and organized the first blockchain event in 2019.

The event to learn directly from the creators of the future of Blockchain

The Block World Tour will announce its speakers on platforms like Instagram several weeks before the congress. In recent editions we have seen professionals from all sectors, who grow while research lags behind innovation.

Accustomed to seeing references in the media to new trending terms like Metaverse, DEFI or NFT, we can understand the gist of what this means, but we don’t really know what they mean. This Congress aims to bring the new concepts of professionals to audiences interested in the subject.

NFT and Augmented Reality

At the congress there will not only be space for presentations and networking, but also for exhibitions and stands. There will be the possibility of knowing the different projects presented at a shorter distance. In the latest editions of the BWT, NFT art exhibitions were programmed, as well as Augmented Reality experiences that represent a new twist to what we understand today as musical shows.

The format of conferences concentrated in a maximum of 15 minutes, and debates between speakers on certain topics, allows anyone who finds the subject interesting to debut at an event of this caliber.

BWT is a multicultural technological event that has managed to redefine the traditional concept of this type of event for the Blockchain sector. A benchmark for thousands of participants and companies in the blockchain sector, the Block World Tour events are the ideal place to find out about the latest developments in the sector and be at the forefront of the future of technologies, as well as a way to find the perfect opportunity to establish alliances and promote projects or businesses.

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Nearly 100 Customers Sue Coinbase Over Its Wallet App

Coinbase is in trouble after nearly 100 customers filed lawsuits against the Western Hemisphere’s largest digital currency trading platform.

Customers Are Angry at Coinbase

These customers accuse Coinbase of turning a blind eye to a scam that ended up costing them over $21 million in digital currency funds. The problem stems from the Coinbase Wallet, which last fall, when downloaded, directed users to fraudulent or fake websites that allowed scammers and hackers to take control of their accounts and transfer their digital assets to Coinbase wallets.

To date, due to the terms and conditions applied by Coinbase, none of the lawsuits in question have resulted in defendants or plaintiffs going to court. Instead, everything is handled through an arbitration process. This ensures that details remain out of the media and that lawsuits take place privately between the company and those affected. Legal disputes are heard by a neutral decision maker who then decides which party deserves a decision in their favor.

In the arbitration process, customers allege that Coinbase was well aware of what was happening with its wallet application and that executives did nothing to address it or minimize the damage. They made several attempts to alert Coinbase bosses to what was going on, but little was done to acknowledge their concerns or the money they had lost. Now these people are taking stronger means to get their money back and get justice for themselves.

To say it was a difficult year for Coinbase would be an understatement. 2022 has been affected by digital currency based issues for everyone, although Coinbase has arguably been affected more than others. What was initially supposed to be a year of massive hiring and taking headcount to new levels turned into a time when not only were all hiring plans put on hold, but the exchange subsequently announced that it would lay off around 18% of its team. to deal with the cryptocurrency windfall the space was experiencing.

The company has had a tough year.

Furthermore, the company has seen its shares crash and burn in recent weeks due to how tied it is to bitcoin, the world’s largest and most popular cryptocurrency by market capitalization. The asset has lost over 70% of its value in the past 12 months, and with bitcoin losing so much in such a short period, the digital exchange is seeing similar results.

When the company first went public in April 2021, shares were priced above $300, even though those same shares have since dropped into the $50 range. Coinbase is also the subject of a new SEC investigation.

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Relai customers can now buy BTC through Checkout.com

Relai, a Swiss bitcoin app, teams up with Checkout.com to enable all its customers to buy mainstream digital currency tokens such as bitcoin and Ethereum.

Relai and Checkout.com… A perfect couple?

The move is slated to improve cryptocurrency adoption and give the space a stronger level of legitimacy. Checkout.com is a global payment provider that works with businesses around the world to ensure their customers can purchase goods and services using multiple payment options, no matter where they are located.

Furthermore, Relai is now the only bitcoin-focused company to offer instant transactions through the personal wallets of any customer using its services. Julian Liniger, CEO and co-founder of Relai, explained in a recent statement:

At a time when it's increasingly important for people to be in control of their money, we're excited to announce our partnership with Checkout.com. This is an exciting time for the entire Relai team, and it means we've finally achieved our ambition to create the world's easiest bitcoin app. People can now buy bitcoins instantly and 24/7 with direct delivery to their self-controlled wallet. This is a world first."

Esteban Sadurni, Director of Cryptocurrencies and Digital Assets at Checkout.com, also mentioned:

 We are technical at heart and have supported the cryptocurrency industry for several years. That's why we're excited to partner with Relai to support their mission to make Bitcoin easier, simpler, safer and more accessible for everyone who uses our payment technology.

Membership is not as focused on allowing customers to purchase items and services with digital currencies. Instead, Relai is taking on a form more akin to a cryptocurrency exchange, as it will allow customers to purchase assets like bitcoin with a variety of payment methods, including Mastercard and Visa cards, along with Apple Pay through Checkout.com.

All transactions will take place in real-time, so customers won’t have to wait days or even minutes to see their assets placed in their connected wallets, and transfers will take place in a matter of seconds. Another decisive factor is that trading is available to users 24 hours a day, seven days a week, and there are no interruptions in service hours.

Cryptocurrencies can guarantee financial independence

Relai has long sought to give its customers full and complete control over their money, which is why it’s turning to cryptocurrency for the long haul. Through the world of traditional finance and standard banking, we are often subject to prying eyes, third parties and intermediaries who have a say in what can and cannot be done with the money.

Ultimately, this removes autonomy and customers are often subject to the decisions of outside observers before they can transact or engage in monetary activity. Through cryptocurrencies, transactions can at least remain semi-private, with all assets owned directly and wholly by the investors who own them.

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Coinbase Granted Permission For Support On SEC Vs Ripple

Cryptocurrency exchange Coinbase has been granted permission to file its amicus brief to join Ripple Labs in supporting its ongoing lawsuit with the United States Securities and Exchange Commission (SEC).

On Monday, US District Judge Analisa Torres granted motions for the 12 Ripple supporters to submit their amicus briefs. Among the list of growing supporters are Coinbase and the Blockchain Association. Backers have until November 18 to submit their abstracts, but Coinbase has already confirmed their submission. Earlier this month, she asked the court to consider her request for an amicus brief. An amicus brief is known as a “friend of the court” and is a legal brief that contains advice or information related to a court case from an organization that is not directly involved in the case.

The case between Ripple Labs and the SEC took a big step forward in October, when it was decided in Ripple’s favor and Judge Torres ordered the SEC to turn over Hinman’s disputed documents. These documents contain internal SEC emails and drafts from former corporate CFO William Hinman. The documents contain discovery material from a speech given by Hinman in which he claimed that Bitcoin and Ether are not securities. In his speech, Hinman said:

Based on my understanding of the current state of Ether, the Ethereum network and its decentralized structure, the current offers and sales of Ether are not securities transactions.

The documents are more broadly related to the lawsuit against Ripple Labs, its former CEO Chris Larson and its current CEO Brad Garlinghouse. The SEC filed the lawsuit in 2020 alleging that the three entities, Ripple Labs, Garlinghouse, and Larsen, illegally profited from the sale of Ripple’s native XRP token as unregistered securities.

After a week of great uncertainty for the broader cryptocurrency market, XRP was leading in terms of gains and gained more than 10% following developments.