Last Thursday, the meltdown in TerraUSD, one of the world's largest stablecoins, rippled through cryptocurrency markets, pushing another major stablecoin Tether below its dollar peg that sent Bitcoin to 16-month lows.
Business/Financial
CNBC Talks Bitcoin's Blistering Rally
Large firms like Tesla, Mastercard and BNY Mellon have shown support for cryptocurrencies.
Submitted by Aaron Goldstein on, Feb/16/2021
Bitcoin Tops $50,000
LONDON, (Reuters) - Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors.
Submitted by Reuters on, Feb/16/2021
Craig Wright: ‘I Invented Bitcoin — Now It’s a Ponzi Scheme’
The man who claims to have invented Bitcoin now says it's a ponzi scheme after the digital currency crept towards the $50,000 mark this week.
Submitted by Aaron Goldstein on, Feb/13/2021
Bitcoin Goes Mainstream With Jay Z and Dorsey
Hip Hop artist Jay Z and Twitter CEO Jack Dorsey have joined forces to develop a bitcoin development fund. It is a sign that the anonymous digital currency is going mainstream.
Submitted by Aaron Goldstein on, Feb/12/2021
Bitcoin Soars to All-Time High After BNY Mellon Announces Crypto Venture
Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.
Submitted by Reuters on, Feb/11/2021
Elon Musk Wants Clean Power. But Tesla's Carrying Bitcoin's Dirty Baggage
Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
Submitted by Reuters on, Feb/10/2021
Tesla Buys $1.5B in Bitcoin, Will Accept as Payment Soon
Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car.
Submitted by Reuters on, Feb/09/2021
Reddit Frenzy Pumps Up "Joke" Crypto Dogecoin
One of the beneficiaries of the past week's Reddit short squeeze frenzy is none other than a crypto coin that started as a joke, Dogecoin.
Submitted by Aaron Goldstein on, Jan/30/2021
Cryptocurrency Trader Charged With Fraudulent Scheme Involving Over $5 Million
AUDREY STRAUSS, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint in Manhattan federal court charging JEREMY SPENCE, a/k/a “Coin Signals,” a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses.
Submitted by Press Release on, Jan/27/2021
Bitcoin Slumps 10% as Pullback From Record High Gathers Pace
Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.
Submitted by Reuters on, Jan/21/2021
Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low
Submitted by Reuters on, Jan/11/2021
Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion
Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.
Submitted by Aaron Goldstein on, Jan/07/2021
PayPal Backs Crypto Tax Startup Taxbit
PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
Submitted by Reuters on, Jan/07/2021
Bitcoin Crosses $30K Mark First Time Ever
Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.
Submitted by Reuters on, Jan/02/2021
Bitcoin Climbs Over $29K
Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.
Submitted by Aaron Goldstein on, Dec/30/2020
Bet the Price of Bitcoin
With Bitcoin surging again BetOnline is now offering odds on where the price of the digital currency will finish in 2020. If you believe in their numbers, go buy a couple of coins right now.
Submitted by Aaron Goldstein on, Dec/22/2020
Another Peak for Bitcoin: Price Climbs Past 24K
The price of Bitcoin moved above the $24,000 mark for the first time. On Saturday morning, the price hit a record high of 24,288.
Submitted by C Costigan on, Dec/19/2020
Bitcoin Blasts Past $23K
The digital currency Bitcoin continues to shatter all-time records this week, hitting a peak price of $23751 during the early morning hours of Thursday.
Submitted by Aaron Goldstein on, Dec/17/2020
Ruffer Investment Company Allocates 2.5% of Assets to Bitcoin
Ruffer Investment Company sent out a memo Tuesday alerting shareholders that it will be allocating roughly 2.5% of its portfolio towards Bitcoin. Per the memo, this investment is currently worth over $740 million.
Submitted by Aaron Goldstein on, Dec/16/2020
Price of Bitcoin Blasts Past All Time Record
Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever.
Submitted by Reuters on, Dec/16/2020
Bitcoin Price Surpasses All Time High
The price of Bitcoin has surpassed its all time high Monday morning.
Submitted by Aaron Goldstein on, Nov/30/2020
How Safe is it to Deposit and Bet with Crypto, Bitcoin? And What Kind of Technology is It Using?
For the past few years, the use of Bitcoin and other cryptocurrencies in the gambling industry has increased significantly. What started with a few cryptocurrency-only gambling sites has now ballooned into a sweeping revolution of the gambling space where traditional online betting platforms have started to offer and support cryptocurrency payment options together with fiat deposit and withdrawal methods.
Submitted by Payton on, Nov/25/2020
Bitcoin Price Climbs Over $19K, Approaches All Time High
The Bitcoin surge continues as the cryptocurrency surpassed the $19,000 mark Tuesday morning.
Submitted by Aaron Goldstein on, Nov/24/2020
How Do Bookies Get Business?
Bookies get business a number of ways. Below, Gambling911.com examines just a few courtesy of our friends at PricePerPlayer.
Submitted by C Costigan on, Nov/22/2020
Price of Bitcoin Climbs Over 17K
Bitcoin continues its momentous run with the cryptocurrency moving over $17000 for the first time in almost three years. Bitcoin is the most utilized transaction method for online gambling in designated "restrictive" markets, which encompass more than half the globe.
Submitted by Aaron Goldstein on, Nov/17/2020
Bitcoin Goes Over $16K: Up 120% YTD
Bitcoin has surged past $16,000 for the first time since January 2018 and is up over 120% YTD!
Submitted by Aaron Goldstein on, Nov/12/2020
FanDuel Partner Entercom Acquires QL Gaming Group
FanDuel partner Entercom has acquired direct-to-consumer sports betting technology and analytics leader QL Gaming Group in an all cash deal for approximately $32 million.
Submitted by Aaron Goldstein on, Nov/09/2020
Bitcoin Hits Highest Level Since Jan. 2018 Amid Post-Election Volatility
Bitcoin’s price rose to more than $14,900 on Thursday, its highest level since January 2018, amid volatility caused by the U.S. election and investor hopes that more central bank stimulus to support economies hit by the COVID-19 pandemic will push up the value of digital assets.
Submitted by Reuters on, Nov/05/2020
China Shuts Down Gambling Sites Using Tether
China this weekend has cracked down on gambling sites tied to the tether stablecoin.
Submitted by Jagajeet Chiba on, Oct/26/2020
Analysis: Is PayPal's Crypto Move a Game-Changer for Bitcoin? Probably Not, Say Experts
PayPal Holdings Inc's PYPL.O decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
Submitted by Reuters on, Oct/22/2020
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