With the promise of the moon for its users without the need to purchase expensive mining equipment, the cloudmining industry has been experiencing its ups, and recently, its downs. While the ostensible scams and pyramid schemes in the cryptocurrency space are damaging and ultimately bad for Bitcoin, the concept of mining “in the cloud” can be beneficial to the long-term growth of the ecosystem. What is Cloudmining? Put simply, cloudmining is when you buy processing power that is generated at remote data centers. Many users have opted to mine “remotely” in this way since it offers no additional electricity costs, …

Jon Matonis and Roger Ver on the solutions Bitcoin offers to the gaming industry, Bitreserve’s Halsey Minor announces new customer, and ‘decentralized gaming’ with Credits. On February 3, the ICE Totally Gaming Conference 2015, dubbed “the largest and most comprehensive trade event in gaming,” dedicated a whole day of seminars on “Bitcoin and Cryptocurrencies” - a noteworthy move in itself considering that there was just one panel at last year’s event. The venue was full despite being tucked away in a separate 100-seat seminar room. Among those in attendance were the former Executive Director of the Bitcoin Foundation, Jon Matonis, …

1. SEC Investigates Crowdsales, FinCEN Takes Aim at Exchanges On Tuesday, Cointelegraph reported on a couple of the US government’s activities in the cryptocoins space. Most controversial, at this point, seems to be the report that the SEC has sent out letters — with gag orders — to organizations that have held crowdsales, asking them to divulge documents related to those sales. Many from the crypto 2.0 community such as representatives from Mastercoin and Counterparty are on record as dismissing the reports, but Coin Fire — which broke the story — stands by its reporting. Cointelegraph has found no reason …