U.S. Senate Mulls Reporting Requirements for Cryptocurrencies

American Bitcoin holders may soon have to report their holding to the United States government. First introduced on May 25, 2015, by Sen. Chuck Grassley [R-IA], Senate Bill S.1241, the “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” can have serious implications for those involved in the cryptocurrency space. The hearing for S.1241 […]

December ICO Analysis – NAGA Review

The post December ICO Analysis – NAGA Review appeared first on 99 Bitcoins. This post represents the author’s personal opinion, and it is not investment advice. At first glance, I thought this review of the NAGA ICO was going to be fun. After all, I like researching and writing about ICOs, and this company has […]

ICO Scammers: A New Breed of Cybercriminals?

A rise in the number of cryptocurrency projects and hence the ICOs has opened up a lot of opportunities for different kinds of people to make a quick buck. While most of these opportunities are clean and legitimate, there are some which aren’t, and can be classified as “borderline extortion.” For any crowdsale or an […]

Out of Steam: PC Gaming Platform Ends Bitcoin Payment Option

The utility aspect of Bitcoin faced a setback yesterday as PC gamers heard from Valve Corporation’s Steam Team in a blog post that Bitcoin would no longer be accepted as payment on its digital distribution platform, Steam. Citing the volatility of the currency as well as the rising cost of fees, a representative of The […]

New Bitcoin Mining Centers Set to Increase North American Market Position

While China continues to dominate the bitcoin mining market, North America has now gained another significant player who can help decentralize mining power. Hut 8 Mining Corp (Hut 8) and the Bitfury Group (Bitfury) have announced a partnership that will create North America’s largest bitcoin mining center, located primarily in Alberta, Canada. “We are excited […]