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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, […]
Blockchain
May 5, 2023
Bitblox Confirms Focus on Crypto Gambling Games
Bitblox Games will now be building dedicated crypto games based on the Hxro Network, which is a Solana-powered distributed liquidity layer designed for the needs of betting applications. Crypto Games May Finally Arrive in Online Gambling The company is happy to have confirmed that it will be ramping up its efforts in the delivery of […]
Casino
May 4, 2023
BC.GAME Lists Tamadoge Token as Latest Payment Option
BC.GAME has expanded the number of supported cryptocurrencies with the addition of the Tamadoge “meme token.” The token, $TAMA, will now be available to bet with on a variety of BC.GAME’s dice and table games, and slots, offering players a chance to deposit and withdraw their winnings in the designated currency, and even buy credits […]
Blockchain
April 24, 2023
DaapGambl Says 37% of TikTok Crypto Investment Videos Misleading
At least 37% of all videos surveyed by daapGambl were misleading, the company alleges in a new study published on its website. The company analyzed 1,161 videos that used the “#cryptok” hashtag and posted crypto-related content to discover that the majority of those accounts were sharing misleading or erroneous information. Half of TikTok Creators Affiliated […]
Blockchain
April 13, 2023
Warren Buffett Maintains His Hardline Stance Against Cryptocurrencies
Warren Buffett, the billionaire CEO of Berkshire Hathaway, has long been known for his skepticism of Bitcoin and other cryptocurrencies. In a recent interview with CNBC, Buffett reiterated his long-held view that cryptocurrency had no intrinsic value and was a speculative asset prone to extreme price swings. He warned investors to stay away, noting that […]
Blockchain
April 3, 2023
Rollbit Assures Concerned Fans Its License Is Not in Trouble
Rollbit, an online operator that claims to be “crypto’s most innovative casino,” addressed its community’s concerns regarding its license status. The company vowed to continue maintaining transparency regarding the matter. Rollbit noted that its license is currently in its annual renewal period. The company pointed out that this is a completely standard procedure for all […]
Blockchain
April 3, 2023
Beaxy Founder Faces Charges of Gambling with Investor Funds
Hamazaspyan, who founded Beaxy, is also accused of having gambled with investor funds. The exchange wound down operations last week, citing an “uncertain regulatory environment” as the reason why. Misappropriated Funds and Unlicensed Operations The SEC argues that Hamazaspyan has raised $8 million from BXY, the cryptocurrency exchange’s native token, and used at least $900,000 […]
Blockchain
March 27, 2023
BetDEX Adds IPL Markets to Platform, Launches Giveaway
BetDEX, a Web3 sports betting exchange founded by an ex-FanDuel CEO, has expanded its content offering. As announced by the exchange, Indian Premier League markets will now be available to its player. The decentralized exchange currently offers betting products for many popular leagues, such as American football and basketball. While the platform is still young, […]
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 […]
