Amazon Sees Bitcoin Use Case in Data Marketplaces
The e-commerce giant describes how merchants and law enforcement could make a bitcoin transaction stream more valuable by splicing it with other data.
Newsflash: Bitcoin Price Dives Below $7,900 after New York Opens Probe into Exchanges
Bitcoin price dove below $7,900 on Tuesday after the New York Attorney General’s office announced that it had opened an inquiry into the cryptocurrency exchange industry. The flagship cryptocurrency had traded above $8,000 for most of the day, with many analysts arguing it would embark on a bull run now that tax season is coming […]
Marsh and IBM Collaborate to Put Proof of Insurance on the Blockchain
International insurance broker Marsh is working with IBM to develop a commercial blockchain solution that will allow businesses to certify that the contractor they are about to hire has the proper, up-to-date insurance coverage necessary to begin work. The solution will be built on Hyperledger Fabric, an open-source permissioned blockchain framework, using IBM Blockchain Platform, […]
What is a Cryptocurrency? A Beginner’s Explanation
The post What is a Cryptocurrency? A Beginner’s Explanation appeared first on 99 Bitcoins. The term “cryptocurrency” is a contraction of “cryptographic currency.” In March 2018, Merriam-Webster announced that they would include this term in their dictionary. Their definition is as follows: cryptocurrency noun cryp·to·cur·ren·cy \ ˌkrip-tō-ˈkər-ən(t)-sē , -ˈkə-rən(t)-sē \ : any form of currency […]
When the Taxman Comes Knocking, Will Americans Report Crypto Gains?
Cryptocurrency investors appear to be skirting their taxes. Whether keeping with crypto’s anti-establishment roots or for lack of ability, American cryptocurrency practitioners are testing the IRS’s tolerance for crypto tax evasion. Tax day in the United States is tomorrow, April 17, 2018, but according to the popular tax filing service Credit Karma, few cryptocurrency holders […]
Bitcoin News Summary – Apr 16, 2018
The post Bitcoin News Summary – Apr 16, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. Samsung has confirmed that it is providing chips to mine bitcoin, ether and assorted cryptocurrencies for hardware manufacturer Halong Mining. Halong Mining has remained relatively quiet regarding its […]
Two Days From U.S. Tax Filing Deadline, Large Majority of Crypto Holders Have Not Reported Their Investments
In just two days, the U.S. tax filing deadline, April 17th, will be here. Despite this, only a very small fraction of Americans have reported their cryptocurrency holdings. In fact, data released from Credit Karma reveals that fewer than 100 people — out of the most recent 250,000 filers using the tax platform — reported […]
Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations
Brazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other companies created a “rival” association. Headed by fintech firm Atlas Project, other crypto-related companies […]
Increased SegWit Adoption May have Finally Solved Bitcoin’s Fee Problem
A couple months after two of the largest cryptocurrency trading exchanges, Bitfinex and GDAX, finally adopted the bitcoin SegWit protocol, transaction fees for the currency are finally back to reasonable levels. Bitfinex, on February 20 2018, announced support for bitcoin deposit and withdrawals using P2SH Segregated Witness (SegWit) addresses while GDAX, on February 23, introduced […]
‘Inevitable’ that Pensions and Endowments Make Crypto Play: Hedge Fund Exec
Cryptocurrencies may soon land the white whale of the investing industry: institutional funds such as pensions and endowments. That’s according to Ari Paul, chief investment officer at cryptocurrency hedge fund BlockTower Capital, who told CNBC that he believes it’s “inevitable” that these institutional investment funds will add cryptoassets to their portfolios — sooner rather than […]