Turkish authorities will soon be going after crypto exchanges operating in the country, local media reported. Although the trading platforms are not the prime target of a new push to increase budget receipts, they will be placed under close examination. The news comes as a military escalation with Syria and the coronavirus outbreak in the […]
The post Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling appeared first on Bitcoin News.
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Bitcoin Games is a provably fair online casino where you can play popular games using BTC and BCH. The platform is introducing a new feature and for its Lunar New Year 2020 promotion all players can get Red Envelopes packed with Free Spins. Also Read: Video Games Giant Ubisoft Is Looking for Blockchain Startups to […]
Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However, throughout most states in the U.S., residents cannot participate in […]
The online gaming industry has grown rapidly since inception in the 1990s. At the time, barely a handful of online casinos and sports betting sites were available. Dial-up Internet, slow connectivity, and poor audio-visual content characterised the games. As broadband Internet, wireless Internet, 3G, 4G, and cellular communications improved, so too did the quality and pervasive of online gambling. The online gambling industry is dominated by a handful of industry leaders, including Playtech, Cryptologic, and Microgaming. These software developers shaped the industry by creating award-winning games, powerful gaming platforms, and cutting-edge technology. While estimates vary widely, it is generally assumed 
The gambling and casino industry has been alert to the changes associated with modern technologies. Since its inception, it has relied on various inventions, whether a simple dice or a sophisticated blockchain betting platform. As advancements in technology speed up, the industry is transformed at a rapid pace as well to catch up with the reality of a highly digitalized world.
Just recently news.Bitcoin.com reported on the Chainbet protocol created by the developer Jonald Fyookball, designed to add trustless betting features to the Bitcoin Cash network. Following the launch of this concept, the Openbazaar developer Chris Pacia messed around with the idea and completed the first on-chain atomic bet. Now, this week the Chainbet contributors Fyookball, […]
Online gambling is estimated to be a $50-300 billion dollar business worldwide. Yet while it’s a huge market, the current centralized model poses problems for players, casinos, and others acting in the space. Both FunFair and Virtue Poker seek to fundamentally change this industry through decentralization. If their bets are right, all parties will benefit from a fairer and more transparent way to play. Find out why this industry is ready for implementation on the blockchain in this Merkle exclusive side-by-side interview featuring Jez San, the co-founder of FunFair, and Ryan Gittleson, the co-founder of Virtue Poker. The Merkle: What are each of
VR Technology, the founder of the OKOIN, is launching a new project based on the same name token – VR Casino OKO. This is the third blockchain project, which tokenomics is based on the OKOIN tokens. Two predecessors are VR Platform OKO (the platform for distributing interactive VR adult movies) and OKO Pay (the payment system for VR Technology partners through which they can accept OKOIN tokens for goods and services). It is noteworthy that all three projects are not interchangeable. Each of them is independent, and they work in parallel, thereby expanding the reach of the audience and increasing the value, stability and liquidity of the OKOIN token.
Australian gambling regulator Northern Territory Racing Commission (NTRC) has issued an informal ban against all cryptocurrency online wagering, singling out bitcoin and ethereum. Just days before, one of its licensed online gambling sites announced it was offering bitcoin to its customers. Also read: Market Risk Advisory Committee: Bitcoin Futures Self-Certification Works Neds Adopts Bitcoin Gambling Paul […]