Crytpo Gaming

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens.

Submitted by Aaron Goldstein on, Jun/29/2020

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday.

Submitted by Associated Press on, Jun/26/2020

Casinos Push for Cashless Gambling Payments, Citing Virus, A Boost for Bitcoin?

Casinos Push for Cashless Gambling Payments, Citing Virus, A Boost for Bitcoin?

The American casino industry wants gambling regulators to make it easier to adopt cashless payment transactions on the casino floor, citing a desire to help customers avoid handling money during the coronavirus outbreak. 

Submitted by Aaron Goldstein on, Jun/16/2020

Canadian Crypto Firm Collapsed Due to Ponzi Scheme by Late Founder, Regulator Says

Last year’s collapse of Canadian cryptocurrency trading platform Quadriga CX was due to a Ponzi scheme operated by founder Gerald Cotten, who died suddenly in December 2018, the country’s biggest securities regulator said on Thursday.

Submitted by Reuters on, Jun/14/2020

User Pays $2.6 Mil in Transaction Fees to Send $134 of Ether

User Pays $2.6 Mil in Transaction Fees to Send $134 of Ether

Wynn reportedly is in good hands, even as the worldwide pandemic rages on.  Forbes estimates that "it may take until Q3/Q4 for the demand slump to recover, which could reduce the company’s revenue by at least 30% from $6.6 billion to $4.2 billion.

Submitted by Aaron Goldstein on, Jun/11/2020

The Benefits of Crypto Casino Gambling

Crypto has emerged as the banking method of choice for millions of online casino players in recent years. Most of the leading casino sites now accept Bitcoin and other cryptocurrencies for deposits and withdrawals. These are the seven key benefits of using crypto for online casino gambling:

Rapid Transactions

Submitted by Payton on, Jun/09/2020

Hackers Move $800K, $1.4 Bil in Crypto Stolen, $5M Reward for Crypto Superintendent

77.644901 BTC (796,638 USD) of stolen funds was transferred from a Bitfinex Hack 2016 to an unknown wallet this past week.

Submitted by C Costigan on, Jun/06/2020

Bitcoin Shoots Over $10K

Bitcoin Shoots Over $10K

The price of Bitcoin has hit an important milestone June 1, 2020, crossing above the $10,000 mark.

Submitted by Aaron Goldstein on, Jun/01/2020

New Bitcoin Bug Could Wreak Havoc, YouTube Censorship Blockchain Alternative Lbry.tv

New Bitcoin Bug Could Wreak Havoc YouTube Censorship Blockchain Alternative Lbry.tv

Bitcoin's timelocked transactions used to discourage miners were found to be bugged.

Submitted by Aaron Goldstein on, Jun/01/2020

North Korea Accused of Cyber Attacks on Crypto Exchanges

The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payments through hundreds of front companies.

Submitted by Associated Press on, May/28/2020

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

A New Hampshire man has been charged in a fraud scheme that involved using Bitcoin to buy stolen personal data belonging to people across the country, officials said. 

Submitted by Associated Press on, May/27/2020

Does a Higher Bitcoin Value Mean More Bitcoin Casinos?

Does a Higher Bitcoin Value Mean More Bitcoin Casinos?

Bitcoin is one of the most baffling currency concepts ever created in the 21st century. While others are keener to continue transacting with traditional currency, others have shifted to using bitcoin in their daily transactions. Some have even gone so far as playing in online casinos using this cryptocurrency. 

 

How Bitcoin Casinos Work

Submitted by Payton on, May/27/2020

Did Bitcoin's Creator Just Move 50 BTC? First Time Since 2009

Rumors that Satoshi Nakamoto, Bitcoin's creator, had moved 50 BTC remain unsupported, claims Zack Voell of CoinDesk.

Submitted by Aaron Goldstein on, May/21/2020

The Fed’s Unlimited Ammo Highlights Importance of Bitcoin’s Digital Scarcity

The Fed’s Unlimited Ammo Highlights Importance of Bitcoin’s Digital Scarcity

In a follow-up interview, last night on 60 Minutes Powell made comments that underscore the importance of the digital scarcity hard-coded into the Bitcoin protocol. 

Submitted by Aaron Goldstein on, May/18/2020

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

So much of the end of the world coming following Bitcoin's third ever halving.  As of Wednesday night Eastern Standard Time, the largest cryptocurrency was trading at just over $9300, peaking at $9411 earlier in the day.  This represented an increase of more than 4%.

Submitted by Aaron Goldstein on, May/13/2020

Bitcoin Goes Through Third Halving, Blockchain Solution for Provably Fair Gaming

Bitcoin Goes Through Third Halving, Blockchain Solution for Provably Fair Gaming

Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down. 

Submitted by Aaron Goldstein on, May/11/2020

Whales Sink Price of Bitcoin

The price of Bitcoin fell from a high of $9990 to $7995 before rebounding to $8656 late Saturday.  This represented at 15% drop.

Submitted by Aaron Goldstein on, May/09/2020

Bitcoin Miners See Price Move Towards 12K But Will Bloodbath Follow?

Bitcoin Miners See Price Move Towards 12K But Will Bloodbath Follow?

The price of Bitcoin hit just shy of $10,000 Thursday and had been hovering around the $9800 mark by mid-afternoon Eastern Standard Time.

Submitted by Jagajeet Chiba on, May/07/2020

Bitcoin Up 4% Today As Halving Approaches

Bitcoin Up 4% Today As Halving Approaches

The price of Bitcoin hit a high of $9430 over the last 24 hours ahead of upcoming halving.

Submitted by Aaron Goldstein on, May/06/2020

7 Days Left for Great Bitcoin Halving: 4 Leading Experts Talk BTC Post Covid-19

7 Days Left for Great Bitcoin Halving: 4 Leading Experts Talk BTC Post Covid-19

Joe Lallouz, Zac Prince, Marc Bhargava, and David Gerard spoke on a post-Covid-19 world and how Bitcoin will exist within it as part of a series of Web seminars presented by Finance Magnates that took place Monday May 4.  

Submitted by Aaron Goldstein on, May/05/2020

Investigators Search for 'Crypto Queen' as Part of OneCoin Lawsuit

Investigators Search for 'Crypto Queen' as Part of OneCoin Lawsuit

In mid-April, news.Bitcoin.com reported on the unsealed indictment tied to the Onecoin cofounder Sebastian Greenwood. At the same time, U.S. Judge Valerie Caproni had placed a stay order on the case against Greenwood, Konstantin Ignatov, Mark Scott and David Pike.

Submitted by Aaron Goldstein on, May/04/2020

Bitcoin Price Hits Resistance at $9,050? JP Morgan Tells Clients Stay Clear

Bitcoin Price Hits Resistance at $9,050? JP Morgan Tells Clients Stay Clear

The price of Bitcoin continued to soar this week, reaching over $9000 ahead of Friday.  The price Friday morning hovered around the $8800 mark.

Submitted by Aaron Goldstein on, May/01/2020

Bitcoin Up Over 17 Percent, Shoots Above $9K, Record High Sell-Off Reported

Bitcoin Up Over 17 Percent, Shoots Above $9K

Bitcoin has shot above $9,000 after taking down several key resistance zones in less than 24 hours. BTC was climbing past the $9200 mark heading into the Midnight hour Eastern Standard Time Thursday morning.

Submitted by Gilbert Horowitz on, Apr/30/2020

Price of Bitcoin Shoots Up Past $8700

Price of Bitcoin Shoots Up Past $8700

Ahead of Bitcoin’s upcoming halving, all major trends surrounding the premier cryptocurrency seem to be positive, writes Shiraz Jagati of CoinTelegraph.

Submitted by Aaron Goldstein on, Apr/29/2020

Bitcoin Whale Suggests BTC Price Will Crash, $8.8 Trillion in Crypto Traded Q1

Bitcoin Whale Suggests BTC Price Will Crash,The Up, $8.8 Trillion in Crypto Traded Q1

The upcoming halving of Bitcoin is likely to cause a crash in the price, at least that is what one Bitcoin whale believes.

Submitted by Aaron Goldstein on, Apr/28/2020

Documentary Film Review – ‘Crypto Rush’, Emergence of New Crypto Millionaires

Documentary Film Review – ‘Crypto Rush’, Emergence of New Crypto Millionaires

Women in crypto and an explanation on how digital currency works to the masses.  Jack Martin of CoinTelegraph says, ultimately, "ends up achieving none of these goals".

Submitted by Gilbert Horowitz on, Apr/27/2020

Bitcoin is No Good for Illicit Activity And Here's Why... Blockchain's Covid Solution?

Bitcoin is No Good for Illicit Activity And Here's Why... Blockchain's Covid Solution?

“Bitcoin is incredibly simple to freeze,” says Dr. Craig Wright, meaning it “will never be a good system for illicit markets.”

Submitted by Aaron Goldstein on, Apr/26/2020

Bitcoin Car Finishes First in Virtual NASCAR Race Beating National Champion Kyle Busch

A bitcoin-themed car has won an e-NASCAR race, beating professional Cup Series racers, including Dale Earnhardt Jr. and Kyle Busch. While sporting events have been postponed due to the coronavirus pandemic, many NASCAR drivers have moved to race virtually.

Submitted by Aaron Goldstein on, Apr/26/2020

Ripple Sues Youtube For Allowing Scams That Promised Returns Up to $1 Million

Ripple Sues Youtube For Allowing Scams That Promised Returns Up to $1 Million

Ripple is suing Youtube, accusing the video platform of not doing enough to eliminate crypto-related “giveaway” scams. The payment network wants to force Youtube to protect its users from such scams. Some scammers promise returns up to 5 million XRP or about $930,000 at current prices, but participants in the “giveaway” never received the money, according to court papers.

Submitted by Aaron Goldstein on, Apr/23/2020

Ayre Ventures is Looking to Invest in Gaming Industry Blockchain Tech

Ayre Ventures is Looking to Invest in Gaming Industry Blockchain Tech

The gambling industry is a paradox. The entire gambling industry was built on risk; be it risk on a sports team or a dealer drawing a five-card 21 to beat a 20. That risk doesn’t regularly carry over to innovation despite the gambling industry employing some of the most innovative minds in technology.

Submitted by Press Release on, Apr/13/2020

Breaking News

How Bookies Are Keeping Players Active During the Pandemic

How Bookies Are Keeping Players Active During the Pandemic

The three types of marketing bookmakers should become familiar with are branding, acquisition, and retention campaigns. Each of these plays a crucial role in the success and development of any business in the world.  Here we focus on retention at a time when sports have been limited due to the worldwide pandemic.

Sports Gambling Demand to See Boost in July

Sports Gambling Demand to See Boost in July

July is traditionally the slowest month of the year for sports betting.  That should not be the case in July 2020 as sportsbook and gamblers alike rev up for the start of Major League Baseball, NBA and what should prove to be an exciting Major League Soccer Tournament in Orlando. 

Covid Casino, Nevada Cases Triple But Less Severe

Covid Casino, Nevada Cases Triple But Less Severe

San Diego County Public Health officials said Wednesday they are working with tribal lands to investigate positive COVID-19 cases that may be connected to several local casinos.