Blog Archives

Brazil’s Coincard combines pre-paid MasterCard with bitcoin

Posted on 11th April, 2014

In another sign of the slow, steady global adoption of bitcoin, Brazilian bitcoin exchange BitInvest has launched a pre-paid MasterCard powered by bitcoin deposits. The technology behind Coincard is nothing new, as the exchange simply deposits sold BTC to the debit card rather than a bank account, but it does represent another attempt to bridge […]

Central Bank of Brazil releases warning on virtual currencies

Posted on 20th February, 2014

The Banco Central do Brasil issued a warning today about virtual currencies. The Brazilian central bank joins a chorus of skeptical voices in the banking industry, including Canada, Israel, India and China. The Brazilian bank’s statement outlines concerns familiar to anyone following cryptocurrencies, namely the lack of regulation, high price volatility and concerns about the […]