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Blockchain
November 24, 2022
BetU Rolls Out New Crypto-Focused Betting and Gaming Platform
A new generation of sports betting and casino platform powered by cryptocurrency is now live with BetU designed to create unique gambling sessions that will engage customers in what the company promises to be a “true VIP experience.” BetU promises to stand apart from other crypto-centered casino and betting brands as it will use its […]
Blockchain
November 21, 2022
Sorare and ANJ Agree on the Need for Platform Changes
Sorare and the French gambling authority, Autorité Nationale des Jeux (ANJ), have come to an understanding with the popular NFT collectable issuer agreeing to expand its free-to-play product after the watchdog raised concerns about the current business model. Sorare Demonstrates Regulatory Compliance ANJ has been particularly concerned with making sure that Sorare operates a legitimate […]
Blockchain
November 17, 2022
FTX ex-CEO, Celebrities and Backers Hit with Class-Action Lawsuit
A class action lawsuit filed by attorney Adam Moskowitz has been filed against FTX’s former chief executive and a host of celebrities in a court in Florida. The complaint argues that the defendants had perpetrated a Ponzi Scheme. A Ponzi Scheme Perpetrated on American Consumers Among the people named in the complaint are Sam Bankman-Fried […]
Blockchain
November 16, 2022
California’s AG Releases Site to Protect Consumers from Crypto Scams
California Attorney General’s office launched a new website on Tuesday in a bid to inform consumers about the risks associated with cryptocurrency and more importantly, educate as many people as possible on how to spot and steer clear of cryptocurrency scams that beguile citizens to purchase cryptocurrencies. Open Season on Crypto Scams in California The […]
Blockchain
November 16, 2022
Bitcoin Retail Investors Make Smaller Return Than They Would on Slots
A new survey by Basel, Switzerland-based Bank for International Settlements has revealed that retail investors who chose Bitcoin as their preferred option have made a smaller return in the period 2015-22 than they would have if they were simply playing online slots. An estimated 73-81% of all retail investors actually ended up losing money, the […]
Blockchain
November 11, 2022
Crypto Exchange FTX Filed under Chapter 11 of the Bankruptcy Code
Troubled cryptocurrency exchange operator FTX Group has filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware, revealed a statement posted on Twitter by the exchange. Filing for Bankruptcy Over 130 affiliated companies, including FTX Trading, West Realm Shires Services, and Alameda Research commenced the voluntary proceedings seeking protection […]
Blockchain
November 11, 2022
SOFTSWISS Publishes Crypto Betting Report
SOFTSWISS, the first iGaming software company to work with cryptocurrencies, posted a new report about the performance of crypto coins across key products. Through this report, the company seeks to familiarize other players in the sector with the potential of crypto. SOFTSWISS Published Its Report 2022 has been a very favorable period for the company […]
Blockchain
November 11, 2022
FTX Runs into More Trouble as DoJ, SEC Launch Investigations
FTX is facing one trouble after another. The cash-strapped cryptocurrency exchange has been going through some rough times. Not only did Binance pull out of a proposed takeover deal but is the company now facing an investigation by the Department of Justice and the US Securities and Exchange Commission over criminal activity and securities offenses. […]
Blockchain
November 10, 2022
Binance Pulls Out of FTX Deal, Claims Consumer Funds Misuse
The rapprochement between Binance and FTX has hit a snag, as the former has withdrawn from a proposed bid to buy out its competitor, a Binance spokesperson has confirmed. The two companies were at each other throats over the sale of FTT tokens, minted by FTX, amid a market-wide collapse for the cryptocurrency industry, which […]
Blockchain
November 9, 2022
FTX Accepts Binance Offer for Buyout for “Good of Users”
Binance and FTX have decided to bury the hatchet, but judging from the days of public squabbling between the two biggest offshore cryptocurrency exchanges, it seems that one is in a more favorable position. FTX, which has been suffering the financial pinch of the “crypto winter” has reached out to Binance for a buyout, which […]
