Blockchain
March 23, 2023
French Lawmakers Seek to Block Crypto Promotions
The French National Assembly’s Economics Committee agreed to a new amendment curtailing influencers from advertising dangerous products. The proposed legislation received strong support and has a good chance of making it through the Assembly and Senate. If the amendment is passed into law, it will severely impact influencers promoting crypto assets. Crypto Assets Will Be […]
Blockchain
March 23, 2023
SEC Sues Eight Stars over Unlawful Crypto Promotion
On Wednesday, the US Securities and Exchange Commission (SEC) charged eight celebrities with the illegal promotion of Tronix (TRX) and BitTorrent (BTT) crypto tokens. The defendants allegedly used their social media presence to promote crypto investments to millions of followers without disclosing they were getting paid for their services. So far, six stars have opted […]
Blockchain
March 17, 2023
DraftKings Faces Legal Woes as the NFT Market Tanks
DraftKings’ substantial investments into the NFT space have drawn their share of controversy as prices plummet and user interest wanes. The operator also faces a class action lawsuit for allegedly marketing its NFTs as securities without proper registration. DraftKings continues to press on with NFT-based promotions and partnerships and will likely continue to do so […]
Blockchain
March 17, 2023
Playboy’s Ethereum Bid Led to $4.9M in Losses
PLBY Group, Playboy’s parent company, has lost $4.9 million because of the sharp declines across the cryptocurrency space. The company had sold its Rabbitars NFTs for Ethereum, which has now lost much of its value. Playboy launched its NFT line in 2021 and accepted Ethereum as a payment method for the tokens. However, the price […]
Blockchain
February 23, 2023
DappRadar Says Half of Blockchain Activity Is Based on Gaming
This gives a fresh perspective on how big web3 and blockchain gaming technologies have become over the past months. According to DappRadar, there were more than 773,000 unique active wallets in January 2023, a number that is still slightly behind the results from December 2022 when gaming wallets were estimated at 767,000. Blockchain Gaming Is […]
Blockchain
February 21, 2023
Bet2Bank Introduces a New and Unique Betting Experience
The project confirmed Monday that the new unique betting experience seeks to eliminate different shortcomings of the traditional centralized wagering platforms. Such deficiencies include a lack of security, high fees, as well as lack of transparency. Bet2Bank users can benefit from accessing different features thanks to holding quantities of BXB tokens. Moreover, the project itself […]
Blockchain
February 20, 2023
World Wide Web Inventor Says Crypto Is Gambling
Tim Berners-Lee was talking to “Beyond The Valley” podcast, a CNBC production, last Friday when he shared his thoughts on the industry and how he felt about cryptocurrencies. He didn’t hesitate to highlight the high-risk profile of such assets – whether when considered as an investment or as part of the broader financial system. Crypto […]
Blockchain
February 3, 2023
Charlie Munger: Cryptocurrencies Are “Gambling Contracts”
Charlie Munger, the right-hand of Warren Buffett, has shared his thoughts about crypto in a new piece for the Wall Street Journal. In it, one of the world’s most successful investors has called the entire sector a “gambling contract” and assured that “the house” had a 100% edge on players. No Winners in Crypto, Says […]
Blockchain
January 30, 2023
W2 Signs Partnership with Crucial Compliance and nChain
The leading provider of regulatory compliance services for the gambling industry has inked the iconic partnership with technology supplier nChain and the one-stop shop for all compliance, regulatory, corporate responsibility, and professional service options for Distributed Ledge Technology. The latter will offer blockchain-powered compliance options to global gaming operators. Together, the trio hopes to strengthen […]
Blockchain
January 26, 2023
Irish Top Banking Official Likens Crypto to Gambling
Makhlouf did not entirely rule out cryptocurrencies as part of finance, but he warned that there should be certain safeguards and that consumers must approach this sector with a few caveats in mind. Cryptocurrencies as Ponzi Schemes The top Irish banker said that crypto that is not linked to any underlying asset is essentially a […]
