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Crypto developer commits $2M rug pull fraud to fuel gambling addiction
5.7.2023
A Redditor described the developer’s gambling addiction excuse as a “weird way to rug” as projects usually just run away and delete all the evidence
ECB Executive Fabio Panetta: Cryptocurrencies Hold No Societal Benefits, Likens to Gambling
26.6.2023
Cryptocurrencies hold “no societal benefits,” and should instead be seen as a form of gambling, according to European Central Bank (ECB) board member Fabio Panetta.
In a speech held at the Bank for International Settlements (BIS) last week, Panetta argued that cryptocurrencies, including Bitcoin...
Amouranth Follows xQc’s Lead And Leaves Twitch
20.6.2023
Kaitlyn Siragusa—you’ll recognize her as variety streamer Amouranth—is leaving behind 6.4 million Twitch followers behind to stake a new claim on livestreaming platform Kick. Like other streamers fed up with poorly communicated changes around stringent monetization rules and an uncomfortable...
Solflip beta set to debut tomorrow after Solana delays launch
20.6.2023
Solana has announced plans to finally launch its much-anticipated peer-to-peer coin-flipping mechanism, Solflip. It has been constructed on the Solana blockchain and was previously scheduled to go live on Sunday. The beta testing program is now scheduled to go live tomorrow with more than...
Twitch Mega Streamer xQc Signed By Gambling Company For $100 Million
17.6.2023
Twitch’s biggest streamer, Félix “xQc” Lengyel, is signing with the company’s newest rival, Kick, a streaming platform that offers better revenue splits and also appears to be centered around online gambling. The non-exclusive deal is valued at up to $100 million over two years, and is the latest...
Betsson AB acquires betFIRST; partners Groupe Partouche
16.6.2023
Betsson has announced two developments that are going to serve as key factors of its growth in 2023. The first is the acquisition of betFIRST, and the second is a strategic partnership with Groupe Partouche. Both initiatives are strategic in nature and align with the long-term mission statement...
CryptoGames Unveils an Enhanced VIP Program and High Stakes Wagering Contest
13.6.2023
CryptoGames, a well-known online crypto casino, is making waves in the online gambling industry with the launch of its revitalized VIP program and a high stakes wagering competition. These new initiatives promise cryptocurrency gambling enthusiasts a new era of exhilarating challenges and rewarding...
Someone Just Won The Biggest, Wildest Pot In TV Poker History
31.5.2023
What’s the most you’ve ever won in a single hand of poker with some friends? Maybe $50? $60? Perhaps you got really lucky at a casino and walked away with a few hundred. A pleasant evening, but that’s nothing compared to what one player won last night during a livestreamed poker tournament. When...
Game Gets Wrongfully Banned On Switch After A Child Gambling Joke
31.5.2023
Last week, Nintendo mistakenly blocked and rejected the release of a cutesy animal game, after it took a jokey TikTok from the developer at face value and pulled its release in North America. Read more
Dan Nissanoff, CEO of Game of Silks, on The Intersection of Gambling x Fantasy x Blockchain | Ep. 234
31.5.2023
In an exclusive interview with cryptonews.com, Dan Nissanoff, Founder and CEO of Game of Silks, talks about the intersection of gambling x fantasy x blockchain, the current pro horse racing landscape, and the future of play-to-earn gaming. ...
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UK Parliament's Treasury Committee Calls for Cryptocurrency Regulation, Citing Gambling-Like Risks
23.5.2023
The UK Parliament’s Treasury Committee has called for unbacked cryptocurrencies to be regulated in the same way as gambling, saying speculation in these assets “more closely resembles gambling than it does a financial service.”
“Regardless of the regulatory regime, their price volatility...
UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
21.5.2023
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...
Controversial Recoveries, Promising Partnerships, Regulation Gambling and 20 Crypto Jokes
20.5.2023
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Will’s Casino (One Stop Casino): Crypto Casino for Real Money
20.5.2023
Will’s Casino offers  a wide range of online gambling products such as multiple games and a live casino in a friendly gaming environment. At Will Casino you are more than just a customer and they will always do their best … Continued
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UK Lawmakers' Bid to Regulate Crypto as Gambling Could Be a Political Problem, Invites Industry Wrath
18.5.2023
The Treasury is still adamant it will regulate digital assets like financial services but its plans will rely on parliamentary support
Kraken, UK trade body derides lawmaker description of crypto as 'gambling'
18.5.2023
CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration
Influential UK MPs Push for Crypto Trading to be Classified as Gambling
17.5.2023
The UK Treasury Select Committee has suggested the country regulate cryptocurrency trading as a form of gambling rather than a financial service.
On Wednesday, MPs said digital currencies such as Bitcoin and Ether have "no intrinsic value and no useful social purpose," claiming that they resemble...
UK panel recommends crypto trading be regulated like gambling
17.5.2023
In February, the UK Government proposed regulating cryptocurrency like a traditional financial instrument. However, the Treasury Select Committee has recommended otherwise. The Committee strongly believes that treating investments in retail trading of cryptocurrency is nothing like gambling. What...
Crypto retail trading should be regulated as gambling: UK lawmakers
17.5.2023
The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed
UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling
17.5.2023
The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities