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Largest Brazilian Bitcoin exchange founder, Gustavo Schiavon, dead at 24
Foxbit co-founder Gustavo Schiavon, known affectively as Guto, has passed away in a car accident in the Brazilian state of São Paulo. Accident While driving between Marília city and São Paulo capital, his car spun under heavy rain and got hit, back side first, by a large cargo truck. The automobile was obliterated and reduced […] ELI5 : What is Proof of Trust (PoT)?
Proof of Trust is a consensus mechanism where users “stake” the trust they’ve earned in a network in order to verify cryptocurrency transactions. In a proof of trust system, users will earn a virtual value called “trust” every time they acquire a role in the ecosystem. A highly trusted node will be able to verify […] Brazilian tax authority hardens rules for Bitcoin exchanges: monthly statements to become mandatory
The Brazilian equivalent of the IRS, Receita Federal (RFB), wants to tighten the rules for cryptocurrency exchanges. The new administrative guidelines were released to the public when the terms of a public consultation were published earlier today. Anti-Money Laundering The consultation was opened to request comments from experts about how to deal with tax dodging […] How can I sell Bitcoin?
There are many ways in which you can sell your Bitcoins. Over the counter (OTC) trade is growing everywhere, thus fulfilling one of Satoshi’s original ideas, which was to have a 100% decentralized P2P currency. There are also many centralized exchanges where you can safely trade your BTC for other cryptos, or even cash. In […]