Brazil’s Tax Authority Fines Those Who Fail to Declare Bitcoin and Crypto

Brazil’s tax authority has implemented a new tax code that fines taxpayers who fail to declare their Bitcoin and crypto transactions. Brazil’s tax agency, the Department of Federal Revenue (RFB), published a new tax code that specifies fines for taxpayers who fail to declare their Bitcoin (BTC) and cryptocurrency transactions. On Dec. 6, Cointelegraph Brasil reported that the new crypto tax code is a further follow-up to provisions made by the RFB in August that require Brazilian citizens to report all transactions involving cryptocurrencies, in accordance with rules established by…

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Blockchain and 3D Printing Are Reinventing Aerospace Supply Chains

Blockchain takes to the skies as aerospace companies begin to make use of blockchain and 3D printing to streamline their supply chains. Blockchain, like many other emerging technologies, is enthusiastically touted as a solution to many of the world’s problems. Perhaps because of its relation to cryptocurrency or the narrative prophecies that surround them both, blockchain draws both criticism and praise from a staggering array of sectors. However, with the big blockchain push from Chinese President Xi Jinping along with many tech, finance and industry giants piloting blockchain implementation, the…

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Blockchain Startup SpaceChain Sends Wallet Tech to International Space Station

Space-as-a-service-focused blockchain startup SpaceChain has sent its hardware wallet technology to the International Space Station. Space-as-a-service-focused blockchain startup SpaceChain has sent its hardware wallet technology to the International Space Station (ISS). As part of the CRS-19 commercial resupply service mission, a SpaceX Falcon 9 rocket is delivering SpaceChain’s hardware wallet technology to the ISS, according to a Dec. 6 press release. The move purportedly marks the first tech demonstration of blockchain hardware on the ISS and the third blockchain payload by SpaceChain over the past two years. Acceleration of space-as-a-service…

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Price Analysis 06/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA

A rally could be on the cards as Bitcoin continues to lead the market and a few altcoins attempt to form a higher low. In its “Imagine 2030” report, Deutsche Bank strategist Jim Reid forecast that by 2030, digital currencies could replace cash. Reid said that in order for mainstream integration to occur, digital currencies will have to convince regulators that they are safe for investors and find solutions for issues such as cyber attacks, electricity consumption and digital war. Cryptocurrency adoption by a large traditional financial institution could also…

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For “My Cause My Cleats” Design, Russell Okung Sports BTCPay Server

Russell Okung is no bitcoin tenderfoot. The Los Angeles Chargers left tackle hosted his own Bitcoin event in September 2019 after he made a public splash onto the scene with his “Pay me in Bitcoin” tweet during the off-season. Now, for his December 8, 2019, matchup against the Jaguars, bitcoin will be with him every step of the way — literally. The two-time Pro Bowler and bitcoin hodler recently tweeted a cleat design that reps the open-source BTCPay Server, a decentralized payment portal that was built as an alternative to…

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Bitcoin Briefly Breaks Above $7,500 After SEC Approves BTC Fund

Crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin briefly reclaiming $7,500. Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500. The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization, with just Bitcoin Cash (BCH), Litecoin (LTC) and Unus Sed Leo (LEO) seeing some losses at the time of writing. Meanwhile, Chainlink (LINK) and Cosmos (ATOM) are reporting the biggest gains among the top 20…

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Börse Stuttgart Digital Exchange Opens to All Users Based in Germany

The Digital Exchange of the Börse Stuttgart (BSDEX) Germany’s second-largest stock exchange is now open to all users with German residency. Following the start of trading platform for selected investors in September, Börse Stuttgart Stock Exchange (BSDEX) has now opened to all interested users with residence in Germany. Börse Stuttgart made its announcement in a press release on Dec., 6.  Trading venue open — under certain circumstances First of all, users will have to limit themselves to deposits and withdrawals as well as trading bitcoins against euros. In the future,…

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Surprise! Millennials Embrace Bitcoin While Boomers, Gen-Xers Hold Traditional Wealth

Charles Schwab has released its Q3 investment indicator report, a quarterly report that breaks down investment allocation across the firm’s brokerage accounts. It corroborates what most of us have known for a while now: Millennials are more attuned to the value of bitcoin than their Gen-X and Boomer counterparts. According to the report, the Grayscale Bitcoin Trust (GBTC) was the fifth most popular equity across Millennial accounts managed by the brokerage firm, representing 1.84 percent of all assets held under management for the age group. Millennials represent 12.9 percent of…

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Bitcoin Price Showing Hidden Signs of Reversing — Next Target $8.2K

Bitcoin bulls have their sights set on $8.2K as BTC price action shows hidden signs of reversing but the bearish descending trendline remains a serious obstacle to overcome. This week Bitcoin (BTC) continued to trade within a tightly defined range and at the time of writing the price is flat. The bulls and bears have been throwing the market back and forth with moments of high volatility on the lower timeframes, all of which are often a sign of a larger move simmering beneath the surface. The wider market remains…

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Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes

An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested and worked for the scheme. An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested in and worked for the scheme. Dunamiscoins Resources Limited opened in Masaka last month and started inviting individuals to invest and become part of its “digital currency network,” independent Ugandan newspaper Daily Monitor reports Dec. 5. The firm’s offices closed down covertly just a month after opening, with employees reportedly coming to the…

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