Blockchain
November 16, 2022
Bitcoin Retail Investors Make Smaller Return Than They Would on Slots
A new survey by Basel, Switzerland-based Bank for International Settlements has revealed that retail investors who chose Bitcoin as their preferred option have made a smaller return in the period 2015-22 than they would have if they were simply playing online slots. An estimated 73-81% of all retail investors actually ended up losing money, the […]
Blockchain
November 11, 2022
Crypto Exchange FTX Filed under Chapter 11 of the Bankruptcy Code
Troubled cryptocurrency exchange operator FTX Group has filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware, revealed a statement posted on Twitter by the exchange. Filing for Bankruptcy Over 130 affiliated companies, including FTX Trading, West Realm Shires Services, and Alameda Research commenced the voluntary proceedings seeking protection […]
Blockchain
November 11, 2022
SOFTSWISS Publishes Crypto Betting Report
SOFTSWISS, the first iGaming software company to work with cryptocurrencies, posted a new report about the performance of crypto coins across key products. Through this report, the company seeks to familiarize other players in the sector with the potential of crypto. SOFTSWISS Published Its Report 2022 has been a very favorable period for the company […]
Blockchain
November 11, 2022
FTX Runs into More Trouble as DoJ, SEC Launch Investigations
FTX is facing one trouble after another. The cash-strapped cryptocurrency exchange has been going through some rough times. Not only did Binance pull out of a proposed takeover deal but is the company now facing an investigation by the Department of Justice and the US Securities and Exchange Commission over criminal activity and securities offenses. […]
Blockchain
November 10, 2022
Binance Pulls Out of FTX Deal, Claims Consumer Funds Misuse
The rapprochement between Binance and FTX has hit a snag, as the former has withdrawn from a proposed bid to buy out its competitor, a Binance spokesperson has confirmed. The two companies were at each other throats over the sale of FTT tokens, minted by FTX, amid a market-wide collapse for the cryptocurrency industry, which […]
Blockchain
November 9, 2022
FTX Accepts Binance Offer for Buyout for “Good of Users”
Binance and FTX have decided to bury the hatchet, but judging from the days of public squabbling between the two biggest offshore cryptocurrency exchanges, it seems that one is in a more favorable position. FTX, which has been suffering the financial pinch of the “crypto winter” has reached out to Binance for a buyout, which […]
Blockchain
November 1, 2022
SOFTSWISS Lists Nine FIAT Currencies for Crypto Conversion
SOFTSWISS, a provider of online iGaming solutions and an innovator in the use of digital currencies for the purposes of gaming, has released a new update for its comprehensive solution. The company has reported that it has created a new in-game currency conversion feature that is now incorporated into its dedicated casino platform which will […]
Blockchain
October 28, 2022
Hong Kong Making a U-Turn on Retail Crypto Trading
Hong Kong may be moving away from China in terms of what the Special Administrative Region does with its cryptocurrency industry. A new report by Bloomberg suggests that the city is planning to go ahead with retail cryptocurrency trading. Digital asset trading took a hit last year amid strong opposition from cryptocurrency and blockchain industry […]
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 […]
