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Blockchain
April 13, 2023
Warren Buffett Maintains His Hardline Stance Against Cryptocurrencies
Warren Buffett, the billionaire CEO of Berkshire Hathaway, has long been known for his skepticism of Bitcoin and other cryptocurrencies. In a recent interview with CNBC, Buffett reiterated his long-held view that cryptocurrency had no intrinsic value and was a speculative asset prone to extreme price swings. He warned investors to stay away, noting that […]
Blockchain
April 3, 2023
Rollbit Assures Concerned Fans Its License Is Not in Trouble
Rollbit, an online operator that claims to be “crypto’s most innovative casino,” addressed its community’s concerns regarding its license status. The company vowed to continue maintaining transparency regarding the matter. Rollbit noted that its license is currently in its annual renewal period. The company pointed out that this is a completely standard procedure for all […]
Blockchain
April 3, 2023
Beaxy Founder Faces Charges of Gambling with Investor Funds
Hamazaspyan, who founded Beaxy, is also accused of having gambled with investor funds. The exchange wound down operations last week, citing an “uncertain regulatory environment” as the reason why. Misappropriated Funds and Unlicensed Operations The SEC argues that Hamazaspyan has raised $8 million from BXY, the cryptocurrency exchange’s native token, and used at least $900,000 […]
Blockchain
March 23, 2023
French Lawmakers Seek to Block Crypto Promotions
The French National Assembly’s Economics Committee agreed to a new amendment curtailing influencers from advertising dangerous products. The proposed legislation received strong support and has a good chance of making it through the Assembly and Senate. If the amendment is passed into law, it will severely impact influencers promoting crypto assets. Crypto Assets Will Be […]
Blockchain
March 23, 2023
SEC Sues Eight Stars over Unlawful Crypto Promotion
On Wednesday, the US Securities and Exchange Commission (SEC) charged eight celebrities with the illegal promotion of Tronix (TRX) and BitTorrent (BTT) crypto tokens. The defendants allegedly used their social media presence to promote crypto investments to millions of followers without disclosing they were getting paid for their services. So far, six stars have opted […]
Blockchain
March 17, 2023
Playboy’s Ethereum Bid Led to $4.9M in Losses
PLBY Group, Playboy’s parent company, has lost $4.9 million because of the sharp declines across the cryptocurrency space. The company had sold its Rabbitars NFTs for Ethereum, which has now lost much of its value. Playboy launched its NFT line in 2021 and accepted Ethereum as a payment method for the tokens. However, the price […]
Casino
March 13, 2023
Singapore Regulator Prohibits Cryptocurrency Usage in Physical Casino
The newly formed Gambling Regulatory Authority (GRA) has announced a complete ban on the use of cryptocurrencies in land-based casinos, reported Inside Asian Gaming. Regulator Aims to Prevent Cryptocurrency Usage in Singaporean Casinos Albert Yeo, GRA’s General Counsel, stated that casinos have no appetite for the volatile revenue stream associated with cryptocurrencies. The agency aims […]
Blockchain
March 13, 2023
Second-Largest Crypto Lender Signature Bank Shut Down
Now, the second-biggest crypto lender, Signature Bank, has been shut down by authorities, with the Treasury, the Federal Reserve, and FDIC all stepping in to contain what they fear could have been a much larger market meltdown. The institutions gave a joint statement in which they said that the bank was closed down by the […]
Industry
March 1, 2023
Snoop Dogg Partners with Crypto Casino Roobet
Roobet, the pioneering entertainment brand and one of the world’s fastest-growing crypto casinos, is thrilled to announce that it will be partnering with international superstar Snoop Dogg. View this post on Instagram A post shared by Roobet (@roobet) Snoop Dogg – music legend, entrepreneur, and newly-appointed Chief Ganjaroo at Roobet – will be partnering with […]
Blockchain
February 22, 2023
Hong Kong Considers Crypto Trading, Launches Consultation on Rules
Currently, China has tough regulations when it comes to crypto trading. In fact, the country has cracked down on the activity and banned such transactions in an effort to protect its population from speculative transactions and fraud attempts. This crackdown resulted in many Chinese crypto-focused web3 businesses giving up on the opportunity to operate within […]
