Blockchain
July 4, 2023
Geriny’s Victory
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 […]
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
DraftKings Faces Legal Woes as the NFT Market Tanks
DraftKings’ substantial investments into the NFT space have drawn their share of controversy as prices plummet and user interest wanes. The operator also faces a class action lawsuit for allegedly marketing its NFTs as securities without proper registration. DraftKings continues to press on with NFT-based promotions and partnerships and will likely continue to do so […]
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 […]
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 […]
Blockchain
February 23, 2023
DappRadar Says Half of Blockchain Activity Is Based on Gaming
This gives a fresh perspective on how big web3 and blockchain gaming technologies have become over the past months. According to DappRadar, there were more than 773,000 unique active wallets in January 2023, a number that is still slightly behind the results from December 2022 when gaming wallets were estimated at 767,000. Blockchain Gaming Is […]
