The account of Brazil-based cryptocurrency brokerage firm M Intermediação e Prestação de Serviço Ltda was blocked in 2018 by Banco Bradesco, on claims that the security system had detected unusual activity. Per the report, M Intermediação e Prestação de Serviço Ltda makes use of a Bitcoin network as well as traditional financial institutions to allow its users to withdraw and make deposits in both Bitcoin and Brazilian reals.
The presiding judge could not find significant evidence to back Banco Bradesco claims and therefore ruled that the account remained open.
Hey ninjas, the month could turn out to be a good month for crypto traders as bitcoin is once again trading over $10,500 which seems nearly impossible given its fluctuations in the last few days. Ripples XRP is however still reporting losses on the day. XRP is down 0.33% on the weekly chart and is also down 19.86% on the monthly chart. Twitter crypto traders who make use of XRP seem to be less enthusiastic about the second-largest altcoin as the tweets seem to be becoming more negative.