The exchange was started by two US-based Venezuelan exiles Kevin and Victor Charles. The idea began after meeting Rodrigo Souza, the head of the Brazilian company BlinkTrade – a decentralized open-sourced exchange. After speaking with the brothers, Rodrigo offered the brothers his open sourced software to start the Venezuelan exchange. Souza put it down to a mistake and promised Nunes that he would be compensated for committing his time to rectify the problem. Souza’s Company Blank Trade provided the software on the exchange. The ordeal comes at time Bitcoin exchanges in Brazil are struggling. As the CCN covered the country’s Department of Federal Revenue (RFB) has been ... Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of ... The exchange in question is Bitcambio and the news was broken by local news outlet Portal do Bitcoin. According to the news, the user Kaique Nunes soon received frantic calls from the exchange’s support to send back the extra USD 34.473 million. According to Rodrigo Souza, an administrator at the exchange: “People, the mistake really ... Rodrigo Souza, the founder of BlinkTrade a Venezuelan Bitcoin exchange, gave an interview to The Atlantic. “People haven’t stopped mining. They have just gone deeper underground”, he told. Even though, there is a way in which Venezuelans avoid being captured by the police. “ETH mining is more affordable- all you need is free software ... Souza admits that Bitcambio went to City Hall to cancel the USD 35 million withdraw, but the city said that Nunes must agree since the amount is so high. This means that Nunes can legally keep all the money, at least until it is escalated to civil court. That being said, Nunes affirms that he will go to the City Hall and notarize the withdraw cancellation, although there is no confirmation ... Brazilian Crypto Exchange Sends $35 Million To $127 USD Withdrawal By Mistake. Bitcambio, a crypto exchange based in Brazil, has made one the silliest and biggest mistakes ever made in the crypto industry.While trying to pay for a withdrawal of $500 BRL (about $127 USD at the time of this report), it actually sent $137 million BRL (roughly $35 million USD) for the customer.
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