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Blockchain
June 26, 2023
Crypto Wagering Site Criticized for Taking Bets on Titan Sub Tragedy
Gizmodo, a popular media outlet, reported that blockchain betting site Polymarket had seen at least $220,000 wagered on the outcome of the Titan tragedy before the news of the vessel’s destruction and crew members’ demise was known. There Is a Time and Place for Everything The prediction website basically asked whether bettors believed that the […]
Business
June 19, 2023
Digitain Boosts Paydrom Payment Solution with Bitcashier
The award-winning gaming and sports betting technology provider, Digitain, unveiled details regarding a new partnership, allowing it to expand its iGaming payment gateway called Paydrom. Details regarding the new collaboration emerged on Monday and see Paydrom benefit from Bitcashier’s leading cryptocurrency payment options. Thanks to the new collaboration, the company’s technology will supercharge Digitain’s iGaming […]
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 2, 2023
Crypto Platform Diverted $9.6M to Gambling Sites in BC
The crypto trading platform is said to have been misleading its customers by feeding them a false narrative about investment and storing private funds securely. In reality, argues the BC Securities Commission, the platform has been diverting money to gambling websites. False Pretenses, Very Real Consumer Pain ezBtc is alleged to have kept the ruse […]
Blockchain
April 25, 2023
John Oliver Compares Crypto to Casino and Ponzi Scheme
John Oliver’s remarks come at a time when the US Securities and Exchange Commission is looking to regulate crypto through a new proposed framework that will be deployed over the next 90 days. This has already scared investors, with companies such as Coinbase threatening to exit the market and entrepreneurs such as Chamath Palihapitiya describing […]
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 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 […]
