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The Challenges of Demonstrating Fairness in Bitcoin Gambling

As online gambling reaches more and more users, industry growth has set new standards. And while not every service is as transparent as it seems, some certainly are and they are changing both perceptions of gambling and the direction of the industry. To the majority of the non-gambling community, the principle behind online casinos is …

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Big questions about how laws and taxes apply to NFTs and the metaverse

NFTs can now serve as court documents… but they might also be unregistered securities, illegal loot boxes, or come with impossible tax demands. Nonfungible tokens (NFTs) are thought of by most people as just funny pictures that degens on the internet spend far too much money on for poorly understood reasons. But Jason Corbett, managing …

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Part 1 – Cointelegraph Magazine

Crypto OGs — slang for Original Gangsters — have acquired almost a mythical and godly reputation in an industry populated with libertarians, anti-government rebels, innovators, get-rich-quick scammers, hackers and degen investors with rampant gambling addictions and toxic social media behavior. Who are these OGs exactly? Unlike the rich and powerful in the traditional finance and …

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Wikipedia Bans Hundreds of Editors Who Extorted Bitcoin Casinos, Others

The world’s number one user-edited reference guide, Wikipedia, has suffered an extortion scandal due to “undisclosed paid advocacy.” Working through dozens of persons and companies, including many Bitcoin casinos and affiliates, this ring of hundreds of “editors” have been banned from Wikipedia. Attack of the Sockpuppets Operation “Orangemoody” began in July when the “sockpuppets” were …

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Metaverse casino served emergency cease and desist to halt NFT sales

A metaverse casino has been hit with simultaneous cease and desist orders from four state enforcement bodies across the United States, who have deemed the firm’s nonfungible tokens (NFTs) to be unregistered securities. Over two NFT collections offered by metaverse casino Slotie, the tokens are said to offer access to the metaverse casino, staking rewards, revenue …

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Malta Intends to Legalize Use of Cryptocurrencies at Online Casinos

The government of Malta is advancing its plans to allow the legal use of digital currencies such as Bitcoin at online casinos. The Malta Gaming Authority (MGA), which supervises both land-based and online casino operations in the country, has already commissioned a detailed technical study on how to effectively regulate the use of cryptocurrencies in …

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Gaming Industry Use of Blockchain May Lead to Mass Adoption

Blockchain technology has recently become a phenomenon in various areas of the economy, driving innovation, fostering growth and bringing added value. Among the most noteworthy of these sectors is the gaming industry. Gaming is a use case that drives true adoption of blockchain technology by taking the incentive for the user from pure speculation to …

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