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Blockchain
March 23, 2023
SEC Sues Eight Stars over Unlawful Crypto Promotion
On Wednesday, the US Securities and Exchange Commission (SEC) charged eight celebrities with the illegal promotion of Tronix (TRX) and BitTorrent (BTT) crypto tokens. The defendants allegedly used their social media presence to promote crypto investments to millions of followers without disclosing they were getting paid for their services. So far, six stars have opted […]
Blockchain
March 17, 2023
Playboy’s Ethereum Bid Led to $4.9M in Losses
PLBY Group, Playboy’s parent company, has lost $4.9 million because of the sharp declines across the cryptocurrency space. The company had sold its Rabbitars NFTs for Ethereum, which has now lost much of its value. Playboy launched its NFT line in 2021 and accepted Ethereum as a payment method for the tokens. However, the price […]
Casino
March 13, 2023
Singapore Regulator Prohibits Cryptocurrency Usage in Physical Casino
The newly formed Gambling Regulatory Authority (GRA) has announced a complete ban on the use of cryptocurrencies in land-based casinos, reported Inside Asian Gaming. Regulator Aims to Prevent Cryptocurrency Usage in Singaporean Casinos Albert Yeo, GRA’s General Counsel, stated that casinos have no appetite for the volatile revenue stream associated with cryptocurrencies. The agency aims […]
Blockchain
March 13, 2023
Second-Largest Crypto Lender Signature Bank Shut Down
Now, the second-biggest crypto lender, Signature Bank, has been shut down by authorities, with the Treasury, the Federal Reserve, and FDIC all stepping in to contain what they fear could have been a much larger market meltdown. The institutions gave a joint statement in which they said that the bank was closed down by the […]
Industry
March 1, 2023
Snoop Dogg Partners with Crypto Casino Roobet
Roobet, the pioneering entertainment brand and one of the world’s fastest-growing crypto casinos, is thrilled to announce that it will be partnering with international superstar Snoop Dogg. View this post on Instagram A post shared by Roobet (@roobet) Snoop Dogg – music legend, entrepreneur, and newly-appointed Chief Ganjaroo at Roobet – will be partnering with […]
Blockchain
February 22, 2023
Hong Kong Considers Crypto Trading, Launches Consultation on Rules
Currently, China has tough regulations when it comes to crypto trading. In fact, the country has cracked down on the activity and banned such transactions in an effort to protect its population from speculative transactions and fraud attempts. This crackdown resulted in many Chinese crypto-focused web3 businesses giving up on the opportunity to operate within […]
Blockchain
February 21, 2023
Bet2Bank Introduces a New and Unique Betting Experience
The project confirmed Monday that the new unique betting experience seeks to eliminate different shortcomings of the traditional centralized wagering platforms. Such deficiencies include a lack of security, high fees, as well as lack of transparency. Bet2Bank users can benefit from accessing different features thanks to holding quantities of BXB tokens. Moreover, the project itself […]
Casino
February 21, 2023
NuxGame Adds to Payment Solutions Variety with NOWPayments
This way, NuxGames’ clients will also be able to accept cryptocurrency payments, leading to better customer uptake and improved quality-of-life features for players who prefer to use digital currencies to make deposits and withdrawals. NuxGame and NOWPayments Bring Crypto to iGaming NOWPaymnets is also a carefully picked partner, as the company has a robust track […]
Blockchain
February 20, 2023
World Wide Web Inventor Says Crypto Is Gambling
Tim Berners-Lee was talking to “Beyond The Valley” podcast, a CNBC production, last Friday when he shared his thoughts on the industry and how he felt about cryptocurrencies. He didn’t hesitate to highlight the high-risk profile of such assets – whether when considered as an investment or as part of the broader financial system. Crypto […]
Blockchain
February 17, 2023
Charlie Munger Slams Crypto, Calls it “Stupid Gambling”
Cryptocurrency is a modern phenomenon that has captured the hearts of many people within the gambling industry and beyond. However, recent events have disheartened many crypto enthusiasts and now not everyone is convinced of the potential of cryptocurrency and blockchain technology. Billionaire Charlie Munger for one definitely isn’t. Munger Says Crypto Is “Worthless Shit” During […]