Blockchain
May 4, 2022
Lucky Block to Offer Seven-Figure in Daily Crypto Prize Draws
Cryptocurrency gaming platform Lucky Block is going ahead with a dedicated daily jackpot prize which will be introduced at some point in mid-May. The total prize pool available in the lottery will start at $2.40 million, the company explained. The company has been gaining traction with players in some of the world’s biggest gaming markets, […]
Blockchain
May 4, 2022
NFT-Betting Platform Stakes Receives $5.3M Investment
Stakes has landed a $5.3-million seed investment which will result in the further development of the free-to-play social gambling platform. Powered by Web3 technology, Stakes wants to become one of the go-to options for innovative recreational gaming over the internet. Web3 Technology Coming to Sports Betting Space Previously operating under IAC, a prominent New York […]
Business
May 2, 2022
Munger Blasts Robinhood for Short-Term Gambling
Berkshire Hathaway vice chairman Charlie Munger has been an outspoken firebrand and as the right-hand of Warren Buffet, his words have had gravitas. He has blasted Robinhood over the weekend for what he described as “disgusting practices” which are now forcing the company to “unravel.” Munger on Robinhood: Too Much of a Good Thing He […]
Legal
April 27, 2022
Nepal Blocks Access to Illegal Crypto and Gambling Sites
The Nepal Telecommunications Authority or NTA has begun a broader crackdown on a number of websites, particularly those focusing on illegal economic activities. The company which regulates the technology and telecommunications sector has limited access to a number of websites that have to do with cryptocurrencies, online gambling, or hyper networking. Illegal Crypto and Gambling […]
Blockchain
April 25, 2022
Crypto Traders Recount How They Developed Gambling-Like Addiction
Stevie Rojas recently spoke to Bloomberg going into detail about how he got hooked on crypto trading and how a gambling-like addiction took over his life choices. Now, though, Rojas is clean and has quit what he considers a bad habit in retrospect. Rojas’ introduction to cryptocurrencies followed a familiar formula. He is one of […]
Blockchain
April 25, 2022
Man Arrested in New York over $1.8m Crypto Mining Fraud
Cryptocurrencies are associated with fraud, but law enforcement is getting increasingly better at cracking down on fraud on all levels of the blockchain. The case of Chester J. Stojanovich is another example of how efficient the US Department of Justice has become in cracking down on financial crime pertaining to the sector. Man Promises Unlimited […]
Blockchain
April 22, 2022
Crypto Gamble Pays Out $163B to Investors in 2021
Cryptocurrencies are a gamble. Their value may go up, but then again – it may go down. Much of the value of crypto seems to be unpegged to any central authority and prone to sudden swings, and therefore much more akin to gambling than investing in the stock market, for example. However, 2021 was a […]
Blockchain
April 21, 2022
Monero Remains Most Used Ransomware Cryptocurrency
A new report by crypto and blockchain analytics firm CipherTrace has taken a look at the increased use of privacy-oriented cryptocurrencies such as Monero that are continuing to be a preferred payment option for criminals who launch ransomware attacks on civil and governmental infrastructure across the world. Monero Is Go-To Cryptocurrency for Ransomware Hackers Monero […]
Blockchain
April 21, 2022
US Secret Service makes crypto busts worth $102M since 2015
The US Secret Service (USSS) has been busy for sure. Since 2015, the USSS, which is known for protecting the nation’s presidents and elected officials, has been hunting down fraudulent cryptocurrency transactions. A total of $102 million in crypto assets has been seized since the USSS got on the job, working on more than 254 […]
Casino
April 18, 2022
Regulators Are Concerned About How Crypto Casinos Expose Users to Harm
While most states are yet to approve online casino gambling, the decentralized nature of cryptocurrency has allowed crypto casinos to flourish. Here is how this market’s intricacies affect gambling, according to NBC News’ Kevin Collier. Crypto Casinos Are the Pick of Many Bettors As of now, only six states have regulated online casino industries. However, […]
