Blockchain
February 3, 2023
Charlie Munger: Cryptocurrencies Are “Gambling Contracts”
Charlie Munger, the right-hand of Warren Buffett, has shared his thoughts about crypto in a new piece for the Wall Street Journal. In it, one of the world’s most successful investors has called the entire sector a “gambling contract” and assured that “the house” had a 100% edge on players. No Winners in Crypto, Says […]
Blockchain
January 4, 2023
Streamer and Crypto Guru Gambles Away Investor Funds, Issues Apology
DNP3 is the founder of several projects, including the metaverse platform Gridcraft Network, the charity-oriented CluCoin project, and not least, the Goobers NFT. This all sounds good so far as you don’t consider the streamer’s apology which came via a Twitter message on Tuesday. Twitch Streamer Gambles Investor Funds Because of Addiction In it, DNP3 […]
Blockchain
January 4, 2023
BetConstruct Obtains MGA License to Provide Crypto Solutions
The license was issued to Vivaro Limited, which operates the brand. As a result, BetConstruct will be able to benefit from the Virtual Financial Assets mandate and push forward with the adoption of crypto in iGaming and the gaming industry in general. Pivoting Towards Crypto Future for iGaming BetConstruct is similarly interested in bringing to […]
Blockchain
December 6, 2022
Cloudbet: World Cup Revitalized Crypto Betting
While many expected people to mistrust the crypto market after FTX’s collapse, statistics show that betting with cryptocurrencies is still going strong. Crypto wagering platform Cloudbet reported a record-high number of bets amid the FIFA World Cup. Many People Mistrust Crypto Now The fall of FTX caused many people around the world to mistrust cryptocurrencies […]
Blockchain
November 24, 2022
BetU Rolls Out New Crypto-Focused Betting and Gaming Platform
A new generation of sports betting and casino platform powered by cryptocurrency is now live with BetU designed to create unique gambling sessions that will engage customers in what the company promises to be a “true VIP experience.” BetU promises to stand apart from other crypto-centered casino and betting brands as it will use its […]
Blockchain
November 17, 2022
FTX ex-CEO, Celebrities and Backers Hit with Class-Action Lawsuit
A class action lawsuit filed by attorney Adam Moskowitz has been filed against FTX’s former chief executive and a host of celebrities in a court in Florida. The complaint argues that the defendants had perpetrated a Ponzi Scheme. A Ponzi Scheme Perpetrated on American Consumers Among the people named in the complaint are Sam Bankman-Fried […]
Blockchain
November 16, 2022
California’s AG Releases Site to Protect Consumers from Crypto Scams
California Attorney General’s office launched a new website on Tuesday in a bid to inform consumers about the risks associated with cryptocurrency and more importantly, educate as many people as possible on how to spot and steer clear of cryptocurrency scams that beguile citizens to purchase cryptocurrencies. Open Season on Crypto Scams in California The […]
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 […]
