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Bitcoin or Bit Con: $730 Million Bitcoin Heist May Have Been Inside Job

As more and more online gambling websites mull over the anonymous digital currency bitcoin, there appears to be good reason why said companies have had reservations up to this point.

Business Insider in the UK reports that Japanese authorities are investigating whether a $730 million heist this past year could have been an inside job.

Submitted by Aaron Goldstein on, Jan/05/2015

CNN Live Twitter Chat Thursday: The Future of Bitcoin

CNN is scheduled to discuss the topic of Bitcoin’s future in a live Twitter chat Thursday December 18, 2014 at 12 PM EST @CNNTech.  The anonymous digital currency has finally begun to catch on in the Internet gambling community after a long period of resistance.  A number of mainstream outlets are also starting to take notice.

A panel of experts have been assembled to discuss Bitcoin.  They include:

Submitted by Aaron Goldstein on, Dec/17/2014

Silkroad Founder Accused in Six Murder-for-Hire Plots: PokerStars to Offer Bitcoin?

With online gambling sites only now beginning to jump on the Bitcoin bandwagon (quite possibly PokerStars among them), some of the earlier Bitcoin startups are currently facing scrutiny, the most notorious of them all being drug bazaar Silkroad.

And now the founder of that underground company, Ross Ulbricht, is alleged to have set up at least six murder-for-hire plots.

Submitted by Aaron Goldstein on, Dec/09/2014

From Poker Player to Bitcoin Miner: Chris McAlary Talks Coin Cloud ATM

Chris McAlary tells he decided to start the Bitcoin mining website Coin Cloud ATM following the events of April 15, 2011 in which three of the world’s largest online poker sites were forced to make abrupt exits from the US market, a result of indictments leveled against several key executives from each company.

Submitted by Aaron Goldstein on, Nov/30/2014

Michael Mizrachi Launching Bitcoin Online Poker Site

One of the biggest names in poker, Michael Mizrachi, has announced plans to open his own bitcoin online poker room.

In an exclusive interview with the online gambling industry trade website, Mizrachi revealed his decision to get in on the operating side of things in light of all the difficulties in securing sponsorship deals.

Submitted by Nagesh Rath on, Nov/28/2014

Americas Cardroom to Implement Bitcoin Withdrawals Next Week

Americas Cardroom CEO Phil Nagy confirmed Wednesday evening that the popular online poker room plans to roll out its Bitcoin withdrawal platform some time during the first week of December (an exact date was not immediately known).

“We were working on this today and should have the withdrawal functionality ready by next week,” Nagy said during a four hour live streaming Q&A format broadcast on Wednesday evening.

Submitted by Ace King on, Nov/27/2014

Bitcoin Set to Revolutionize Online Gambling

The average price of Bitcoin has settled in between $400 and $500 without the extreme upswings and downswings we witnessed earlier in the year, suggesting stabilization of the anonymous online currency.

Submitted by Aaron Goldstein on, Sep/25/2014

$5 Billion in Bitcoin Fantasy Sports Contests Annually: Joins the Fray

Bitcoin + Daily Fantasy Sports contests could amount to big bucks.  Try $5 billion.

Fantasy Sports has always seemed like a promising area for Bitcoin acceptance, suggests Kenny Spotz of the

Submitted by Aaron Goldstein on, Sep/18/2014

Where Can I Bet on Football Online With Bitcoins?

You can bet NFL Football and College Football using bitcoins at here.

Submitted by Don Shapiro on, Sep/04/2014

Is a Bitcoin Online Gambling Boom on the Horizon? featured an interesting piece on Tuesday suggesting that the bitcoin gambling boom is only getting started.

Submitted by Aaron Goldstein on, Sep/02/2014

Bitcoin Domain Sells for $1.1 Million

Domain names can still fetch top dollars as witnessed this week with the $1.1 million spent by Josh Garza of Connecticut-based mining equipment firm GAWMiners to acquire

Garza told Cryptocoinsnews' (CCN)  that he had some "huge things in the works" for the mining world and digital currencies.
"Investors that are looking at Bitcoin will see this acquisition as another sign that it is worth investing in Bitcoin and Bitcoin related companies," Fargo wrote.
The rare domain name was exclusively brokered by Domain Guardians.

Submitted by Aaron Goldstein on, Aug/04/2014

Speaker Line-up Announced for Inaugural Crypto Valley Summit

Industry titans, government personnel and Adam Wood, Lieutenant Governor and the Queen’s personal representative, are among more than 30 speakers due to make a powerful statement of the Isle of Man’s commitment to cryptocurrencies, as the speaker line-up for the inaugural Crypto Valley Summit is announced.

Submitted by Press Release on, Aug/01/2014

Amicus Brief Filed By Bitcoin Foundation in Miami Criminal Case

The Bitcoin Foundation announced Thursday afternoon that they have filed an amicus brief with respect to a criminal case surrounding bitcoin transactions in the state of Florida and more specifically a case involving two subjects arrested last February in Miami Beach.

Submitted by Aaron Goldstein on, Jul/31/2014

5Dimes Becomes Latest Online Sportsbook to Accept Bitcoin

Popular, a US-facing online sportsbook, has become the latest to embrace the anonymous digital currency bitcoin.

5Dimes began accepting bitcoin deposits early this month but withdrawals via this method will be unavailable for the foreseeable future.

Bitcoin will be converted into US currency at the time of deposit as, as such, customers will not be exposed to fluctuations in bitcoin’s exchange rate.

Over the past month, bitcoin has traded slightly above $600 on average across the various exchanges.

Submitted by Aaron Goldstein on, Jul/24/2014

Satoshi Poker Closes: Players Migrated to BurnTurn Amidst ‘Blame Game’

Satoshi Poker unceremoniously shut its doors after just over one year in business and it has done so amidst much finger pointing.

One of the first bitcoin-only poker sites, Satoshi sold to new owners last month, however, this group plans to abandon the Satoshi Poker software in favor of their own including the migration of all remaining players to, a soon-to-open online poker room.

Submitted by Nagesh Rath on, Jul/23/2014

9 Biggest Screw-ups in Bitcoin History

With more and more online gambling sites popping up that incorporate the anonymous digital currency bitcoin, featured an interesting piece Monday that unveils nine of the biggest screw-ups in bitcoin’s short – and some would say shaky – history.

As you can see, these aren’t just simple screw-ups.

Submitted by Aaron Goldstein on, Jul/21/2014

The Isle of Man Is Becoming Cryptocurrency Hotspot

Crypto Next plc is an Isle of Man company that wants to bring digital currencies to grassroots level by providing turn-key packages that include a company, operating and trading accounts and white label currency exchange platform, instantly overcoming regulatory and technological barriers.

Crypto Next plc is the second cryptocurrency company to launch in the Isle of Man, where the Government has openly welcomed digital currency companies; a development which is attracting cryptocurrency based businesses since the announcement on the 10th June 2014. 

Submitted by Press Release on, Jul/16/2014

Online Gambling Operators in France Detained for Running Illegal Bitcoin Exchange

TOULOUSE, France – (Reuters) - French police have dismantled an illegal Bitcoin exchange and seized 388 virtual currency units worth some 200,000 euros ($272,800) in the first such operation in Europe, a public prosecutor said on Monday.

Submitted by Reuters on, Jul/07/2014

Bitcoin Community Fears 51 Percent GHash Control: Others Say It’s Armageddon

On Friday for a period of nearly 12 hours, mining pool GHash had surpassed the 51% controlling share mark in the anonymous digital currency bitcoin and that has many watchers worried….perhaps with good reason.

Back in January GHash had 42% control and even then there were concerns mounting.

Submitted by Aaron Goldstein on, Jun/15/2014

Bitcoin-Only Casino Generates Over $1.4 Mil in Turnover in its First 3 Months, the first ever licensed bitcoin-only casino has grown to a player base of 7,000 users betting over 3,000 BTC (~$1,400,000) since February 2014. The success of the casino has been built around its world-class software that includes Live Dealers, Live Dice/Lottery and over 150 HD video slots as well as traditional table games.

Submitted by Press Release on, May/27/2014

Bitcoin Sportsbook Folds After Only Four Months, a bitcoin-only online sportsbook, has closed its doors, leaving customers wondering if they will ever see their winnings.

[ does accept bitcoin here

Submitted by Aaron Goldstein on, Apr/28/2014 Bitcoin-Denominated Stock Sale Draws Ire of SEC

Bloomberg News is reporting that the Securities and Exchange Commission is conducting an investigation into the Bitcoin-denominated stock sale of the online gambling website  

Submitted by Aaron Goldstein on, Mar/19/2014

Satoshi Nakamoto Claims Not to Have Been Creator of Bitcoin (Video)

LOS ANGELES (Associated Press) - Dorian Prentice Satoshi Nakamoto said Thursday that he is not the creator of bitcoin, adding further mystery to the story of how the world's most popular digital currency came to be.

The denial came after Newsweek published a 4,500-word cover story claiming Nakamoto is the person who wrote the computer code underpinnings of bitcoin.

Submitted by Associated Press on, Mar/07/2014

Bitcoin Exchange Executive Found Dead: No Foul Play According to Police

SINGAPORE (Associated Press) — The CEO of a virtual currency exchange was found dead near her home in Singapore.

A police spokesman said Thursday that initial investigations indicated there was no suspicion of "foul play" in the Feb. 26 death, meaning officers do not suspect murder.

The spokesman said police found 28-year-old Autumn Radtke, an American, lying motionless near the apartment tower where she lived.

Police have so far classified the death as "unnatural," which can mean an accident, misadventure, or suicide.

Submitted by Associated Press on, Mar/06/2014

Japan Finance Minister Gathering Facts on Bitcoin Exchange Mt.Gox

(Reuters) - Japanese Finance  Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved.

"We still have not had a clear grasp of the situation," Aso said in response to a reporter's question after a cabinet meeting. "(We) don't know if it was a crime or just a bankruptcy."

Submitted by Reuters on, Mar/03/2014

Bitcoin Businesses Subpoenaed by US Attorney Preet Bharara

(Reuters) - Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.

In the attacks - known as distributed denial of service attacks - hackers overwhelmed bitcoin exchanges by sending thousands of phantom transactions. At least three exchanges were forced to halt withdrawals of bitcoins on February 7, including Mt. Gox, which was the largest at the time.

Submitted by Reuters on, Mar/03/2014

Mt.Gox Bitcoin Exchange Files for Bankruptcy

(Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

The collapse caps a tumultuous few weeks in which the company has remained virtually silent after halting trades of the crypto-currency, shaking the nascent but burgeoning bitcoin community.

Submitted by Reuters on, Mar/01/2014

Infiniti Poker, The Bitcoin Room That Never Was, Vanishes

The wait is over…..really over.

Submitted by Ace King on, Feb/27/2014

Bitcoin Shocker as One-Time Largest Exchange Closes Its Doors

In yet another blow to the anonymous digital currency bitcoin, the largest exchange has shut its doors.

Mt.Gox posted an update to its site Tuesday saying a "decision was taken to close all transactions for the time being," citing "recent news reports and the potential repercussions on MtGox's operations.

Submitted by Aaron Goldstein on, Feb/25/2014

The Bitcoin Revolution on CBS4 South Florida (Video)

“This high tech coin could make cash money obsolete.”  That’s the introduction to a special report Wednesday night on CBS4 South Florida.   The video itself should be available on the CBS4 website by Thursday morning.

Submitted by C Costigan on, Feb/19/2014

Breaking News

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Denver Nuggets Odds Before and After Jamal Murray Injury

Denver Nuggets Odds Before and After Jamal Murray Injury

Denver Nuggets star Jamal Murray will be out indefinitely after tearing an ACL in his left knee.

New Slots 2021 – New Features and Even Higher Winnings

New Slots 2021 – New Features and Even Higher Winnings

The iGaming industry is constantly evolving, and video slots are a big part of that industry.