Tag: Latin America

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CEO of IOVLabs Talks Financial Inclusion and Holding Governments Accountable

IOVLabs is one of the most relevant companies in the blockchain world and we we have interviewed its CEO, Diego Gutiérrez Zaldívar. Diego Gutierrez Zaldivar is the CEO of IOVLabs and co-founder of the NGO Bitcoin Argentina. During Labitconf 2019, he gave a presentation entitled “How Bitcoin, RSK and RIF are shaping the internet of…
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Bitmain Expands in South America as Its Market Share Drops to 66%

Bitmain, the world’s largest crypto mining hardware firm, expands its distribution in South America by partnering with two crypto mining consulting firms. Bitmain, the world’s largest cryptocurrency mining firm, is expanding its distribution in South America by partnering with two crypto mining consulting firms. The Chinese mining mogul will extend its global exposure with Fastblock,…
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Max Keiser: Bitcoin’s first function is to clean up the mess left by fiat

Max Keiser calls Bitcoin “resistance money” while promoting cryptocurrency’s role in Latin America during a talk in Uruguay. International journalist and media defender of Bitcoin Max Keiser gave a presentation at Labitconf in Montevideo, Uruguay, in which he explained the impact that cryptocurrencies generate in the global scenario and particularly in the Latin American region.…
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Binance Cryptocurrency Exchange Launches Latin American Fiat Gateway

Binance launches Latamex, a fiat-crypto platform for Latin American countries that will operate under the Binance Fiat Gateway. Binance, the leading global cryptocurrency exchange by trading volume and users, today announced the launch of its fiat gateway for Latin America. The announcement was made during laBitConf, a major crypto event for Latin America held in…
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Major Latin American Development Bank Pilots Blockchain for Land Registry

The IADB is piloting three projects to see if blockchain technology can solve some of the most urgent problems of land administration in South America. The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries.…
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Ripple, Coinbase Invest in Mexico’s Biggest Crypto Exchange Bitso

Ripple, Coinbase invested an undisclosed amount in the first Mexican crypto exchange to help it expand to Brazil and Argentina. Ripple, the firm behind the third biggest cryptocurrency XRP, has led an investment round in Bitso, one of the biggest crypto exchanges in the Spanish-speaking world. The first Mexican crypto exchange An early partner of…
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ESET Flags New Latin American Banking Trojan That Targets Crypto

Major Slovakia-based antivirus software provider ESET has discovered a Latin American banking trojan that can steal crypto.

Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America.

Primary targets

Known as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3.

According to the report, Casbaneiro uses a social engineering execution method, which displays fake pop-up windows misleading potential victims to enter sensitive information. The capabilities of the malware are typical of Latin American banking trojans that can take screenshots and send them to command and control server, simulate keyboard actions and capture keystrokes as well as restrict access to websites and download and execute other tools, the report notes.

Stealing crypto via clipboard

Alongside banks, one of the major targets of Casbaneiro is cryptocurrency wallets. According to ESET, Casbaneiro is capable of monitoring the content of the clipboard and replacing the crypto wallets victims have copied with addresses belonging to the attacker.

As noted in the report, ESET has become aware of only one attacker’s wallet at the time of publication. Reportedly hardcoded in the binary code, the reported wallet has around 1.2 Bitcoin (BTC), worth $9,812 at press time with a total number of transactions amounting to 71, according to Blockchain.com.

Additionally, the newly discovered malware uses multiple cryptographic algorithms, with each one intending to protect a different type of data, the report says.

On Sept. 26, Amerian Internet infrastructure firm Juniper Networks warned users of a new spyware called Masad Clipper and Stealer, which reportedly uses the Telegram app to replace crypto addresses with its own.

Crypto News From Brazil and Portugal: Aug. 24-31 in Review

Major expansion of payment systems in Brazil and no taxes on BTC transactions in Portugal in news of the week from Cointelegraph Brasil. This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds.  Brazil’s…
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