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

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

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English Football Club Signs Sponsorship Deal That Includes Option of Being Paid Bonuses in Bitcoin

English Football Club Signs Sponsorship Deal That Includes Option of Being Paid Bonuses in BitcoinSouthampton Football Club, a soccer team currently ranked 13th in England’s Premier League, recently signed a new sponsorship deal that includes an option for the club to be paid certain performance-based bonuses in bitcoin. The deal also extends the club’s partnership with the Coingaming Group as Main Club Partner for a further three years. Also, […]

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Pnxbet New Live eSports Category Launches As An Alternative to Traditional Sports Betting

The Merkle PnxBetAs major sporting events remained postponed indefinitely in the face of a global pandemic, several new initiatives have emerged in the crypto gaming industry. One such move comes from crypto casino Pnxbet, which has launched live eSports for online gambling and sports betting solutions as a direct response to the global standstill experienced by traditional sports events.  The novel virus Covid-19 has brought the world to its knees, crushing multibillion-dollar industries in its wake. One of which is the gambling and sports betting industry; one previously estimated to be worth a trillion dollars at the end of the decade, it

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Kawbet Takes Anonymous Sportsbook and Casino Betting With Crypto to a Whole New Level

TheMerkle KawbetGambling and cryptocurrencies are two peas in the same pod and the perceived privacy of going down this route is now further enhanced by Kawbet. This is because their sportsbook and casino betting is all done with privacy in mind, giving it a leg up over other providers. Anonymity and Privacy are Paramount People are often drawn to cryptocurrency gambling and sports betting due to the pseudonymous nature of the payment methods. When using Bitcoin, Ethereum, or other currencies, the wallet used to deposit or withdraw funds is not linked to one’s personal information. This creates a degree of privacy

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Sports Betting with Cryptocurrencies in the United States

TheMerkle_Sports Betting BitcoinCrypto betting sites are not new in the industry. These have been around for some time that countries in the EU and some in Asia already have regulations for them. In the US, however, the legislation of such bookies remains in the grey area. What’s only clear is that sports betting is already federally legal while online gambling, in general, isn’t exactly illegal in the US. Currently, there are already 20 states that have signed sports betting into law. This includes the states of New Jersey, Rhode Island, New York, Illinois, and Tennessee.  The Federal Wire Act of 1961 has

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Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site

Honk Launches Token Sale to Fund SLP-Powered Sports Betting SiteThe team behind one of the most active tokens in the SLP ecosystem is launching a crowd sale to fund the development of a new sports betting site. The platform will require no identification from either users or investors, and will pay dividends directly in bitcoin cash and a number of supported SLP tokens. Also […]

The post Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site appeared first on Bitcoin News.

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Why Cryptocurrency Can Be the Best Thing for Sports Betting

bitcoin sports bettingCryptocurrencies have changed the world of every sector and the field. It has become an integral part of gambling and online betting. With the arrival of blockchain, the demand for digital currency has risen in almost every sector. With its intense security, 100 percent transparency, anonymity, and many other features it is predictable that it is going to take on the Sports betting. The rise of Bitcoin in casinos and gambling is enough to make us believe that bitcoin sports betting is the next big thing in Cryptocurrency. In several regions world betting on the sports is illegal. So, the

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Is Bitcoin Sports Betting Next Big Thing in Crypto?

bitcoin sports bettingThe main features of Bitcoin Sports Betting In order to understand the monumental potential of BTC Sports Betting, we have to take into consideration all the amazing features that this form of online sports wagering brings to the table. There are numerous reasons why the use of cryptocurrency paved its way through the online games of fortune industry in such a swift manner, allowing the existence of FortuneJack Sportsbook and many others to attract players from all over the world to test their luck and experience. Anonymity Although an amusing pastime, online sports betting is prohibited in many countries which

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PR: Zerocoin Aims to Become a Standard Crypto Currency for Online Gambling

Zerocoin Aims to Become a Standard Crypto Currency for Online GamblingThere seems to be a sudden surge of ICOs in the gambling space, and Zero Edge has caught our attention. It aims to create a cryptocurrency for the online gambling space and they have an ICO coming up. Zero Edge is a decentralized online casino and an open protocol which aims to offer players 0% house edge casino games, fee-less sports betting and an open source platform for building online games.

Zero Edge will be creating their own token named Zerocoin which is the fundamental part of their business model. Adrian Casey, CEO of ZeroEdge, says, “The Zero Edge Casino model is based on Metcalfe’s law and factual Bitcoin price growth. Casino players, i.e. Zerocoin holders will not only be able to play 0% house edge games, which offer a truly equal odds of winning against the house but will also see their Zerocoin value increase as a result of increased demand and adoption of the token.”

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