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Blockchain
September 19, 2023
UK Health Secretary Concerned about Illegal Crypto Gambling
Amid the growing popularity of cryptocurrencies across the globe, a new form of gambling entertainment emerged, online crypto gambling casinos. While some users buy cryptocurrencies as a form of investment, others would gladly use them to gamble online. Clearly, this raises eyebrows in light of crypto scams and other crypto-related crimes and what happens when […]
Blockchain
September 5, 2023
Stake.com Impacted by Cyberattack, Loses $41 Million
The iGaming and crypto betting giant, Stake.com, was the latest victim of an attack from hackers that resulted in losses of some $41 million in cryptocurrencies. The crypto betting and online gambling platform confirmed that it has identified unauthorized transactions on Monday via a post on X, formerly Twitter. Stake revealed that unauthorized transactions were […]
Blockchain
August 18, 2023
Fastex Secures VARA Approval in Dubai
SoftConstruct’s Web3-driven ecosystem Fastex is breaking ground in the Middle East. The company announced that it is about to make a foray into the United Arab Emirates after securing initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA). The cryptocurrency exchange will thus expand in the Middle East, which remains a largely untapped […]
Blockchain
July 25, 2023
Hackers Reportedly Steal $31M in Crypto from Alphapo
Alphapo is globally recognized as an instant payment solutions provider that supports more than 30 digital currencies and serves as a payment gateway for multiple gambling platforms. Despite the robust efforts of the company’s security team, media reports suggest that it may have become the latest victim of a massive hacker attack that resulted in […]
Blockchain
July 6, 2023
Crypto Project Developer Blames Lost Funds on Gambling Addiction
The case concerns a token known as 0XENCRYPT and the project that backs it, Encryption AI. A recent Reddit post alarmed community members about the events after the token crashed from $2.05 to trading at only $0.02, according to several price monitoring websites. Encryption AI Developer Admits to Spending Project Money on Gambling In other […]
Blockchain
July 3, 2023
Philippines Targets Company Linked to Alleged Crypto Scams
PAGCOR, the country’s regulator, has conducted a series of operations that have focused on clamping down on such activities, with the latest taking place in Las Piñas City in Metro Manila where the Philippine National Police raided a business and ordered an offshore gaming service provider to stop business with immediate activity. Clamping Down on […]
Blockchain
June 28, 2023
Maverick Games Partners with Pinnacle Solution to Strengthen Sportsbook
The partnership will seek to allow both companies to benefit in their respective fields of expertise. Maverick Games is a leading crypto operator that has built a reputation for itself around player protection whereas Pinnacle Solution delivers advanced platform solutions. Maverick Games to Strengthen Its Crypto Betting Platform Maverick is confident that it can deliver […]
Blockchain
June 26, 2023
Crypto Wagering Site Criticized for Taking Bets on Titan Sub Tragedy
Gizmodo, a popular media outlet, reported that blockchain betting site Polymarket had seen at least $220,000 wagered on the outcome of the Titan tragedy before the news of the vessel’s destruction and crew members’ demise was known. There Is a Time and Place for Everything The prediction website basically asked whether bettors believed that the […]
Blockchain
June 19, 2023
BetFury Enters and BurgerCities Launch a Play-to-Earn Game
BetFury has been one of the most prominent blockchain gaming companies. The brand has been around for many years now, helping players enjoy a slightly different gaming experience that was based on crypto betting and gaming in general. BetFury Celebrates BurgerCities Tie-up with 100 Free NFTs This new tie-up with BurgerCities will see the two […]
Blockchain
May 17, 2023
UK Treasury Committee Seeks to Categorize Crypto Trading as Gambling
Certain MPs in the UK seek to categorize crypto trading as a form of gambling and regulate it appropriately. Currently, the sector is considered a financial service but the Treasury Committee believes that it is more akin to gambling in many aspects. MPs noted that cryptocurrency trading can be just as addictive as gambling. Furthermore, […]
