News

Libertarian Presidential Candidate Would Consider Ross Ulbricht Pardon

Libertarian presidential candidate Gary Johnson has said that he would consider granting pardons to several high-profile convicts of hacking and computer-related crimes such as Ross Ulbricht, Edward Snowden, and Chelsea Manning. In 2015, Silk Road founder Ross Ulbricht was convicted of drug, conspiracy, and hacking charges, which gained significant popularity as the first darknet for […]

Is Bitcoin mining illegal?

The post Is Bitcoin mining illegal? appeared first on 99 Bitcoins. The short answer: In most cases, bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is illegal. If you live in North America and most of Western Europe, bitcoin mining, as well […]

New Study Reveals Bitcoin Economy Maturing to Mainstream Enterprise

A team of economists from UCL Centre for Blockchain Technologies, Deutsche Bundesbank, University of Wisconsin and The New School have published a research paper titled “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships.” The economists’ conclusion is that the Bitcoin economy has grown and matured from an early prototype […]

Case Study: Why Systems Security Company Nexusguard Chooses Bitcoin

In October 2015, Nexusguard, a systems security company that specializes in DDoS defense, started accepting bitcoin as a form of payment after one of their large international clients requested assistance when their servers came under a DDoS attack. Speaking to Bitcoin Magazine, Xenophon Giannis, vice president of Nexusguard, explained why they turned their attention to the […]

Venezuela’s Inflation to Reach 1,600% in 2017, Spurring Demand for Bitcoin

The weakening economy of Venezuela under the regime of President Nicolas Maduro is forecast by the International Monetary Fund to reach a consumer-price inflation rate of 480 percent by the end of this year, and peak at 1,640 percent in 2017. Venezuela’s growing financial crisis and economic collapse also pressured the government to announce a […]