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Blockchain
August 26, 2024
Vitalik Buterin Says Polymarket Isn’t Gambling Amid DeFi Discussion
Vitalik Buterin, Ethereum’s co-founder, has opposed the claims that Polymarket constitutes gambling. According to the blockchain expert, this belief marks a significant misunderstanding of the nature of prediction markets. Polymarket Is Not Gambling, Buterin Says Polymarket, for context, is the world’s largest prediction market, offering trading markets on the world’s most hotly debated topics, including […]
Blockchain
July 31, 2024
DraftKings to Shut Down NFT Marketplace and Reignmakers
American betting giant DraftKings had decided to shut down its non-fungible token (NFT) marketplace and cease the operation of its NFT-based fantasy sports game, Reignmakers. The decision comes amid legal challenges against NFTs’ status as investable securities. The End of an Era The ongoing challenges the NFT sector faces could have made DraftKings liable in […]
Blockchain
May 30, 2024
Crypto Casino MyPrize Goes Live After $13M Funding Round
MyPrize, a crypto gambling specialist, has launched its international real-money gaming platform in international markets alongside a US-oriented social gaming site. The launches follow two funding rounds which helped the company secure $13 million, raising its enterprise value to a whopping $140 million. Thanks to backing from Dragonfly, Boxcars Ventures and ex-Blockchain.com CEO Peter Smith, […]
Industry
May 29, 2024
Bitcasino.io Player Wins $5M Jackpot from Slot
A fortunate Bitcasino player has demonstrated the benefits of consistency, winning three big prizes over the course of the same week. After grabbing two smaller prizes, the player won a huge $3.2 million jackpot, taking their total winnings to over $5 million in USDT stablecoin cryptocurrency. The player won all three prizes playing the Gates […]
Blockchain
May 15, 2024
Cypher Protocol Contributor Admits to Stealing $260K to Gamble
A core contributor to the Solana exchange Cypher Protocol has stolen hundreds of thousands of dollars to fuel their gambling addiction. The thief, hoak, eventually admitted to the wrongdoing, saying that they don’t expect to be forgiven. Hoak’s crime came to light when another Cypher contributor by the nickname Barrett alleged that the former person […]
Blockchain
April 12, 2024
CoinGames Introduces Fully Decentralized Gambling Site
CoinGames, the gambling platform that has taken the iGaming world by storm by leveraging the latest in blockchain technology and using innovation in Web3 development and adoption, has created the world’s first fully licensed decentralized gambling site. What Users Can Expect The recently launched web3 casino platform is now providing users with secure and well-streamlined […]
Blockchain
December 1, 2023
CoinDesk: Polygon Labs Gave Special Treatment to DraftKings’ Validator
American gambling giant DraftKings served as a member of Polygon Labs’ validator community. What the latter company did not disclose, though, is that the operator was not truly an “equal member” of the community. As outlined in a report by CoinDesk, a crypto news outlet, Polygon had signed a deal that was incredibly lucrative to […]
Industry
November 6, 2023
Unlocking the Future of iGaming: Visit CoinPayments at SiGMA World Malta 2023
In the fast-moving world of iGaming, staying ahead of the curve is not just an advantage; it’s a necessity. The landscape of iGaming is constantly evolving, and to thrive, businesses must embrace innovation and cutting-edge technology. One such revolutionary force making waves in the iGaming industry is cryptocurrency, and there’s no better place to understand […]
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
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, […]
