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Blockchain
October 25, 2022
Binance Keeps on Track of Hackers Who Stole $570M
Binance has been doing well in the wake of a security breach that resulted in the theft of $570 million worth of BNB tokens. Now, the company’s boss, Changpeng Zhao, referred to CZ on the Internet, has offered some assurances that his company is on top of the problem and police authorities and Binance sleuths […]
Blockchain
October 25, 2022
Turkey’s President Says Crypto Gambling Should Be Shut Down
Recep Tayyip Erdogan’s gung-ho approach towards cryptocurrency is not exactly newsworthy. Then again, the president has made a slight U-turn from his belligerent stance on cryptocurrency, realizing that there are aspects of the industry that he can use. Speaking on Friday last week, Erdogan said that young people should refrain from “turning to crypto money […]
Blockchain
October 21, 2022
Turkish Authorities Arrested 46 Suspects in Illegal Betting Ring
An illegal betting investigation in Turkey led to authorities detaining 46 people and seizing crypto worth $40 million, reported Daily Sabah. Organized Crime behind Illegal Betting Following a detention order issued by the Office of the Chief Public Prosecutor, 46 people across eight provinces, Ankara, Batman, Bingöl, Kayseri, Kırıkkale, Muş, Van and Yozgat, were arrested […]
Industry
October 3, 2022
Guardian: Consumers Dodge Crypto Betting Ban with VPNs
Gambling with cryptocurrencies is illegal in the UK, but a recent report suggests that not only is this ban possible to be circumvented, but it’s also incredibly easy. All it takes is a VPN, a platform that allows you to bet crypto and a gambling landscape that’s been a little neglected and wanting a reform […]
Blockchain
September 28, 2022
xQc Admitted Streaming Gambling Content on Twitch Was ‘Wrong’
Popular Twitch streamer xQc tried to save face in the fallout of the ban on unlicensed gambling content on the Amazon-owned streaming platform by admitting that he knew what he was doing was wrong but he would not backtrack on his view on the subject. Doing It for Clout, Money, or What? In a recent […]
Blockchain
September 15, 2022
Counter Strike Skins behind Gambling Streaming on Twitch
Twitch, the popular streaming platform where every day millions of people spend hours watching live streams from their favorite gamers or even solving math problems in real-time, has recently seen the rise of crypto gambling. Tracing Origins to Counter-Strike Commenting in a podcast for Bloomberg Crypto, Bloomberg video game reporter D’Anstasio shared her view that […]
Blockchain
September 9, 2022
Decentralized Exchange Betswap.gg Launches in Beta
Betswap.gg, the world’s first decentralized peer-to-peer betting exchange, had its official beta launch. The platform draws attention with its bold claims to shatter the monopoly of high-profile sportsbooks and empower its users. Players wishing to sample this new solution can follow the instructions on Betswap’s official website, though some prior knowledge of blockchain transactions is […]
Blockchain
August 31, 2022
Crypto.com Won Legal Battle Following $10.5m Wrongful Payment
A popular cryptocurrentcy trading platform accidentally transferred millions of dollars to an Australian woman and failed to notice the error for seven months. Wrongful Refund Made Someone Millionaire Crypto.com, operating as Foris GFS in Australia, made the error while processing a $100 refund in May 2021 and instead of the refund amount, transferred to Thevamanogari […]
Legal
August 23, 2022
UK Addict Stole from JD Sports to Gamble on Crypto
A gambling addict from the United Kingdom stole his company’s money to wager on cryptocurrencies. However, his employers eventually learned of his schemes. Mahmood Stole over $33,000 Siraj Mahmood used to work at a JD Sports retail in Manchester. His job was to help unsatisfied customers who had issues with the company’s products or wanted […]
Blockchain
August 23, 2022
Australian Sports Betting Regulator Seeks Input on Crypto
Australia’s Northern Territory Racing Commission, a sports betting regulator which oversees the licensing platform for interactive and land-based wagering operators in the country, is now putting in requests for public consultation on the use of cryptocurrencies as a viable payment method in the industry. Cryptocurrencies Explored as Viable Payment Option As cryptocurrency use becomes more […]
