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Industry
April 29, 2025
AUSTRAC to Axe Inactive Digital Currency Exchange Firms
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has asked inactive digital currency exchange (DCE) firms to withdraw their registrations or risk having them canceled. This “Use it or Lose it” campaign would also affect crypto ATM providers, according to the AUSTRAC’s official announcement. AUSTRAC Identified Many Inactive DCEs For context, all DCEs must be […]
Blockchain
April 22, 2025
Crypto Gambling Sites Rake in Over $80B Thanks to Global Legal Gaps
Online casinos that use cryptocurrencies have seen a huge jump in business, with worldwide betting profits hitting $81.4 billion in 2024, five times more than the year before. This growth happens even with lots of rules in place, as millions of players find ways around blocks to use offshore sites that are not regulated. Stake […]
Casino
April 18, 2025
Crypto Casino Founder Richard Kim Arrested for Fraud After Losing $7M
Police took Richard Kim into custody this week. He started the cryptocurrency casino platform Zero Edge, which no longer exists. People claim he misused almost $7 million that investors gave him. Kim used to work as an executive at big financial companies like Galaxy Digital, Goldman Sachs, and JPMorgan. Now he faces charges of securities […]
Blockchain
April 16, 2025
Crypto Gaming Struggles to Onboard New Users
As the cryptocurrency sector continues evolving, an emerging trend reveals that crypto gambling platforms could face significant challenges in attracting new customers, particularly those with existing digital wallets. According to recent data by Web3 marketing firm Addressable, crypto gambling ads are among the most expensive user acquisition methods in the decentralized space. Blockchain Casinos Face […]
Business
March 31, 2025
Group Partouche to Sell Former Cannes Casino Site
French gaming powerhouse Groupe Partouche announced that it is divesting one of its properties in France. While the company didn’t go into details about the sale, it confirmed that it expects to close the agreement very soon. The Casino Was Relocated Last Year Groupe Partouche confirmed that it has decided to sell the building where […]
Industry
March 17, 2025
Vietnamese Siblings Arrested in Massive Gambling Ring
Fraud and scams are not uncommon, especially in the digital age. The popularity of social media and easy access to the internet enable bad actors to easily engage with victims across the globe, putting their finances and personal information at risk. In one recent crypto investment scheme, four siblings are facing allegations for their involvement […]
Blockchain
March 17, 2025
Wire Fraud Charges Lead To CluCoin Founder’s Sentencing in Florida
Over the last few years, highly volatile cryptocurrency markets have made many people millionaires. While some were fortunate enough to make the score of their life, others were not so lucky and lost everything. In one such recent case, investors who supported a charity-oriented cryptocurrency token project lost more than $1 million, after the founder […]
Blockchain
March 10, 2025
Choctaw Pioneers Crypto Gaming in the US via Everi and Bitline
At the end of last year, the Choctaw Nation’s gaming and hospitality arm, Choctaw Casino & Resorts, announced a partnership with the ATP Tour tennis competition, Dallas Open. The move came amid rumors that sports betting in the Lone Star State might materialize in 2025. In another surprising and pioneering move in the industry, Choctaw […]
Industry
March 3, 2025
Elon Musk Equates Investing in Meme Coins to Casino Gambling
In a recent podcast with Joe Rogan, Elon Musk warned investors that meme coins are akin to gambling, despite him previously also supporting Dogecoin. Elon Musk Criticizes Meme Coins Elon Musk recently went on the popular Joe Rogan Experience to talk about various subjects with the titular host of the show. One of the topics […]
Business
February 24, 2025
SharpLink Secures Stake in CryptoCasino Owner Armchair Enterprises
SharpLink Gaming, a provider of online marketing to the iGaming and sports betting industries, announced that it has secured a stake in Armchair Enterprises Limited, the owner and operator of CryptoCasino.com. This investment, according to SharpLink Gaming, is in line with its ambition to expand into the lucrative cryptocurrency gaming market. SharpLink Makes a Foray […]
