Warren Buffett Likens Bitcoin to Gambling and Chain Letters in Recent Interview

Finance mogul Warren Buffett, one of the most successful investors in history, discussed bitcoin during an interview on CNBC’s Squawk Box on April 12. As he has done in previous interviews, the business magnate likened bitcoin to a gambling scheme and chain letters he received as a child. Buffett Shares His Two Cents on Bitcoin, … Read more

Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury

The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout, but Fury won the fight in a split-decision victory. Drake Loses $400K Bitcoin Bet on Jake Paul’s Bout On Feb. 26, … Read more

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will … Read more

ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’

Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that while cryptocurrency regulation is a good answer to the problem, it must also touch on decentralized finance structures. … Read more

Why Cryptocurrencies Are an Ideal Payment Solution for Gambling

The means of payment have recently evolved into the use of cryptocurrencies, and online casinos have quickly adopted them. It makes it easy for players to make deposits and withdrawals on online casinos without authorization from a central authority. With cryptocurrencies, online casino transactions have never been easier and safer. According to chainalysis, there are … Read more

5 Tips to Win at Litecoin Gambling Sites

Litecoin is one of the oldest altcoins, but it’s not as popular as Ethereum or Bitcoin. Litecoin has accrued various users as a cryptocurrency released shortly after Bitcoin. One of the most popular ways to spend this digital currency is on a Litecoin gambling site. Litecoin gambling sites are one of the best online platforms … Read more

How to Check if an Online Casino Is Trustworthy

There are a number of websites of casinos out there, and each one promises to be the finest and safest. However, the internet is littered with “evil” gambling establishments as well: There are an estimated 200+ fraudulent casinos on the internet, according to several online gambling organizations, and this number continues to rise. The term … Read more

Is Gambling Legal in Canada in 2022

Gambling is a form of entertainment where a game of chance, betting scheme, or lottery scheme is played for money. In Canada, gambling is a controlled activity that is only permitted when overseen by a provincial government. Since the first immigrants brought it to the country, gambling has become a common pastime in Canada. Canada … Read more