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Blockchain
November 29, 2023
Bitline Offers Casino Patrons Access to Digital Assets
The growing popularity of online gambling activities creates new challenges for gambling operators across the globe. With the evolution of iGaming, more consumers show interest in using cryptocurrency for online gambling and many casinos online already accept such forms of payment. But while there are crypto-focused casinos, one new application seeks to enable casino patrons […]
Blockchain
November 24, 2023
Singapore Unveils Plans for Stringent Crypto Regulations
Currently, gambling is strictly regulated in Singapore. With online gambling prohibited, residents and visitors can participate in lottery, retail gambling or wagering on horses. However, Singapore residents are subject to additional fees when visiting casinos, an effort by the government to deter them from such activities. In contrast, tourists in Singapore do not need to […]
Blockchain
October 18, 2023
France Passes Sorare Law, Awaits Approval from the Constitutional Council
French blockchain enthusiasts have a reason to rejoice as the Sorare law was passed with overwhelming support. Under the new law, which would provide the foundation for a regulatory framework for games using NFT and crypto features, such titles will not be classified as gambling. Backed by 437 voters and opposed by 77, the so-called […]
Blockchain
October 10, 2023
M88 Mansion Confirms Launch of Online Cryptocurrency Casino
The leading online gaming entertainment platform with a strong presence in Asia, M88 Mansion, announced the launch of its latest venture. The company confirmed Tuesday it launched M88.io, a new cryptocurrency gambling platform that seeks to revolutionize the betting and gaming vertical by delivering unique experiences. M88 Mansion explained that M88.io is a subsidiary of […]
Blockchain
September 19, 2023
UK Health Secretary Concerned about Illegal Crypto Gambling
Amid the growing popularity of cryptocurrencies across the globe, a new form of gambling entertainment emerged, online crypto gambling casinos. While some users buy cryptocurrencies as a form of investment, others would gladly use them to gamble online. Clearly, this raises eyebrows in light of crypto scams and other crypto-related crimes and what happens when […]
Blockchain
September 5, 2023
Stake.com Impacted by Cyberattack, Loses $41 Million
The iGaming and crypto betting giant, Stake.com, was the latest victim of an attack from hackers that resulted in losses of some $41 million in cryptocurrencies. The crypto betting and online gambling platform confirmed that it has identified unauthorized transactions on Monday via a post on X, formerly Twitter. Stake revealed that unauthorized transactions were […]
Blockchain
August 18, 2023
Fastex Secures VARA Approval in Dubai
SoftConstruct’s Web3-driven ecosystem Fastex is breaking ground in the Middle East. The company announced that it is about to make a foray into the United Arab Emirates after securing initial approval from the Virtual Assets Regulatory Authority of Dubai (VARA). The cryptocurrency exchange will thus expand in the Middle East, which remains a largely untapped […]
Blockchain
July 25, 2023
Hackers Reportedly Steal $31M in Crypto from Alphapo
Alphapo is globally recognized as an instant payment solutions provider that supports more than 30 digital currencies and serves as a payment gateway for multiple gambling platforms. Despite the robust efforts of the company’s security team, media reports suggest that it may have become the latest victim of a massive hacker attack that resulted in […]
Blockchain
July 6, 2023
Crypto Project Developer Blames Lost Funds on Gambling Addiction
The case concerns a token known as 0XENCRYPT and the project that backs it, Encryption AI. A recent Reddit post alarmed community members about the events after the token crashed from $2.05 to trading at only $0.02, according to several price monitoring websites. Encryption AI Developer Admits to Spending Project Money on Gambling In other […]
Blockchain
July 3, 2023
Philippines Targets Company Linked to Alleged Crypto Scams
PAGCOR, the country’s regulator, has conducted a series of operations that have focused on clamping down on such activities, with the latest taking place in Las Piñas City in Metro Manila where the Philippine National Police raided a business and ordered an offshore gaming service provider to stop business with immediate activity. Clamping Down on […]
