Mining hardware manufacturers have begun selling Cryptonight ASIC miners for next to nothing after privacy-centric cryptocurrency Monero carried out its threat to adopt a hard fork to maintain ASIC resistance. Last week, Monero activated its semi-annual hard fork, an update that included an alteration to its instance of the Cryptonight Proof-of-Work (PoW) consensus algorithm. This […]
Basecoin developer Intangible Labs raised $125 million in a SAFT sale, SEC filings show.
South Africa’s tax agency has told taxpayers that cryptocurrency-related income will fall under normal tax rules and may also be liable for capital gains tax. The South African Revenue Service (SARS) has reminded taxpayers that the onus is entirely on them to declare cryptocurrency gains or losses as part of their taxable income. Crypto-related gains […]
The post Bitcoin News Summary – Apr 9, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. The Reserve Bank of India (RBI) has announced that the bank will no longer provide services to any person or business that deals with cryptocurrencies, adding that it […]
The cryptocurrency world has gone through various notable improvements in the recent past. These improvements in infrastructure and platforms have been so far designed to appeal to the niche market of serious crypto-users. However, it would be notable that even with these efforts in place, there is still a lot to be desired especially while […]
Tempers often flare in the world of cryptocurrency. With so many different opinions and “egos” to deal with, clashes are unavoidable. Justin Sun, founder of the Tron Foundation, has attracted the attention of Vitalik Buterin. Calling Tron better than Ethereum is definitely a stretch, as it is the same as comparing apples with pomegranates. The […]
There are a lot of misconceptions regarding a recent decision by the Indian government. Various sources claim India has banned Bitcoin trading. That is not the case whatsoever. Instead, the RBI is ending its relationship between its own banks and any user or corporation dealing with cryptocurrencies. The Current Bitcoin Situation in India This week’s […]
Earlier this week, leading US electronics retailer Newegg expanded its bitcoin integration to its platform in Canada, allowing millions of customers based in Canada to pay for products with bitcoin. Increasing Retailer Adoption Newegg CEO Danny Lee emphasized that the value of bitcoin has skyrocketed since 2014, when the company first integrated bitcoin, and noted […]
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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned […]