Bitcoin & Cryptocurrency News
Coinbase IRS Probe
Jul 9th, 2017,

mBitcasino Team

The United States’ Internal Revenue Service, which is responsible for everything tax-related in the country, recently announced that it would be scaling back audits of Coinbase accounts. The IRS has reportedly been looking into over 1 million different accounts, but said it would scale back requests for passwords and security settings for the accounts in question.

Colombian Government: Bitcoin Subject to Tax Despite Not Being Recognized as Legal Currency
Jul 4th, 2017,

mBitcasino Team

In a somewhat confusing turn of events, the Colombian government, specifically the Tax and Customs office, announced that Bitcoin is subject to taxes despite it still not being recognized as a legal currency. Back in late 2016, the Colombian government made an official announcement that Bitcoin was not legal tender, and that the only money recognized by the government of Colombia is the Colombian Peso. In addition to that, the announcement went on to warn against becoming involved in cryptocurrency dealings and even referred to them as “scams.”

The Effect of Coinbase on the Bitcoin Gambling Industry
Jun 27th, 2017,

mBitcasino Team

Now that Bitcoin has entered the mainstream, so to speak, it has received a good bit more attention and use. In recent years, the gambling industry has evolved to make Bitcoin a centerpiece and a banking option at most sites, big or small.

Why Do Some Bitcoin Casinos Have Country Restrictions?
Jun 17th, 2017,

mBitcasino Team

The rapid growth of bitcoin and its mass adoption worldwide has brought about regulatory and licensing challenges in various jurisdictions. While it remains to be seen whether cryptocurrency casinos will surmount this obstacle, many of these casinos have opted to forego operations in countries with stringent laws regarding online gaming. This move, of course, has far reaching implications on the growth and development of the sport, owing to the fact that a significant proportion of potential subscribers are locked out. This article seeks to delve deeper into crypto-coin casino operations and why they have restrictions in some countries.

How Can Posting On Forums Help You Solve Casino Issues?
Jun 14th, 2017,

mBitcasino Team

Online forums provide a suitable environment for consumers to offer reviews, ask questions or complain about various products. Through these platforms, gamers get to appraise various casinos and games. It also provides an avenue for individuals to interact too. So why do consumers and gamers specifically prefer these forums? What is it that these forums offer in betterment of the sport?

5 Effective Ways To Get More Out Of Bitcoin
Jun 13rd, 2017,

mBitcasino Team

Digital coins have become quite popular in recent years, considering the numerous benefits that users stand to gain. As governments push for a paperless society, the use of virtual money is gaining ground. Bitcoin, which is regarded as the pioneer in the cryptocurrency world is renowned for its incisive security features. All transactions are not only anonymous, but also safe and secure. Additionally, transactions are almost instant, with confirmation not taking a considerable amount of time. In view of all these developments, digital currencies will soon replace traditional notes and coins.

6 Alternative Cryptocurrencies That Are On The Rise
Jun 8th, 2017,

mBitcasino Team

The world of cryptocurrency has for the longest time been synonymous with Bitcoin (BTC). Being a global pacesetter in this scene, it enjoys massive popularity, a fact that has seen it remain top in world rankings.

The Rise Of Esports In Bitcoin Betting Sites
May 29th, 2017,

mBitcasino Team

Esports is a gaming activity that has been with us for a long time now. Unlike sports betting, Esports involves two players or teams going head to head on a computer or video game. There can be a broad range of games to be played which provides the players with a wide choice. Spectators then make bets on either teams and whoever wins takes the spoils.

How To Tell When A Casino Is Trying To Scam You?
May 23rd, 2017,

mBitcasino Team

The online gambling industry has grown in leaps and bounds. It is clear that more people are interested in gambling online for money, more so with the advent of Bitcoin casinos. Be that as it may, as is the case in any growing industry, unscrupulous individuals will dedicate their time and resources to ensure that they make away with your hard earned money. Sometimes it is not the rogue hacker, no – it is the very online casino that you play at that may turn out to be your scammer. You need to read between the lines and know just how to tell when an online casino is trying to scam you.

My Deposit Has No Blockchain Confirmation Yet- What Do I Do?
May 19th, 2017,

mBitcasino Team

Every once in a while, a Bitcoin transaction may fail to confirm and/or become stuck. This so happens for various of reasons and stuck transactions usually get approved after several days. However, waiting isn’t always an option for most players looking to use their funds in online cryptocurrency casinos. Fortunately, it is possible to clear stuck transactions with simple steps.