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Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes

Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy WoesMercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innovation-based companies. The exchange laid off 15% of its workforce on September 1st, this being the second round of layoffs the company has executed […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making it reconsider its position, and reducing its operative expenses. […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

2TM, Mercado Bitcoin’s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round

2TM, Mercado Bitcoin’s Holding Company, Raises .3 Million in Second Closing of Series B Funding Round2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bitcoin, one of the leading crypto exchanges on the continent, has closed its Series B funding round again, raising an additional $50 million. The funding round was led by U.S.-based 10T and Tribe Capital, with the participation of other new investors. 2TM Gets […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Softbank Invests $200 Million in Brazilian Crypto Trading Platform Mercado Bitcoin

Softbank Invests 0 Million in Brazilian Crypto Trading Platform Mercado BitcoinThe multinational conglomerate holding company headquartered in Tokyo, Softbank operates a Latin America Fund that invests in startups focused on identification technology, e-commerce, education, fintech and now cryptocurrency solutions. The Softbank Latin America Fund revealed on Thursday that it invested $200 million in the crypto-asset exchange Mercado Bitcoin. Mercado Bitcoin’s $200M Capital Raise: Softbank Funds […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K