Legal
November 8, 2022
Robber Pleads Guilty to Stealing Billions in Crypto
Billions of dollars in Bitcoin were seized and their owner finally admitted to acquiring them illegally. The wrongdoer stole more than 50,000 Bitcoin from a shady dark web website. Law Enforcement Uncovered Zhong’s Cache As announced by Damian Williams, the US attorney for the Southern District of New York, and Tyler Hatcher, the special agent […]
Industry
November 8, 2022
FATF to Reportedly Include Cryptocurrencies as Graylisting Factor
Skirting international sanctions and bypassing financial crackdowns has been made somewhat possible by the use of cryptocurrencies. Now, the Financial Action Task Force (FATF) wants to make sure that this is not happening moving forward. This is why the international watchdog is reportedly going to add cryptocurrencies to its list of criteria when it considers […]
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 […]
Blockchain
October 21, 2022
Turkish Authorities Arrested 46 Suspects in Illegal Betting Ring
An illegal betting investigation in Turkey led to authorities detaining 46 people and seizing crypto worth $40 million, reported Daily Sabah. Organized Crime behind Illegal Betting Following a detention order issued by the Office of the Chief Public Prosecutor, 46 people across eight provinces, Ankara, Batman, Bingöl, Kayseri, Kırıkkale, Muş, Van and Yozgat, were arrested […]
Industry
October 3, 2022
Guardian: Consumers Dodge Crypto Betting Ban with VPNs
Gambling with cryptocurrencies is illegal in the UK, but a recent report suggests that not only is this ban possible to be circumvented, but it’s also incredibly easy. All it takes is a VPN, a platform that allows you to bet crypto and a gambling landscape that’s been a little neglected and wanting a reform […]
Blockchain
September 28, 2022
xQc Admitted Streaming Gambling Content on Twitch Was ‘Wrong’
Popular Twitch streamer xQc tried to save face in the fallout of the ban on unlicensed gambling content on the Amazon-owned streaming platform by admitting that he knew what he was doing was wrong but he would not backtrack on his view on the subject. Doing It for Clout, Money, or What? In a recent […]
Blockchain
September 15, 2022
Counter Strike Skins behind Gambling Streaming on Twitch
Twitch, the popular streaming platform where every day millions of people spend hours watching live streams from their favorite gamers or even solving math problems in real-time, has recently seen the rise of crypto gambling. Tracing Origins to Counter-Strike Commenting in a podcast for Bloomberg Crypto, Bloomberg video game reporter D’Anstasio shared her view that […]
