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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
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According to the regulators, the company issued 10,000 Slotie NFTs that provided investors with ownership interests in the casinos and opportunities to earn passive income from their operations. The filings also accuse Slotie of violating state registration laws by failing to register their securitized NFTs with the appropriate securities boards. Source
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The largest cryptocurrency by market capitalization was recently trading above $19,500, up about 1.4% over the past 24 hours, swept up in a wider, likely temporary embrace of more traditional markets. Ether also recently rose about the same and was recently changing hands over $1,300. Other major altcoins spent much
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Metamask gambling has been growing in popularity over the last couple of years. With the rise of the Web3 space and online
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Hodder explains that because ICE Poker is a peer-to-peer game, where there is no “house” that always wins, “the decentralized nature moves the legal issues away from the appearance of gambling.” And the focus on skill matters. “If the ability to win depends on chance or luck, it's more likely
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According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos that avail their licensing information. Bettors can also
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Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring money, or more precisely bitcoin (BTC), for this lucky player on our crypto casino! We
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Others, such as Joshua Ellul, Director of the Centre for Distributed Ledger Technologies at the University of Malta, have suggested a step-by-step approach, where, in the first instance, DeFi applications must appoint real-life fiduciaries to discharge regulatory obligations such as audit. Original Source
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Play the brand new XXXtreme version of one of the most popular live casino games at Bitcoin.com Games; Lightning Roulette by Evolution! Now in Exclusive Early Access with a $ 2,000 Tournament Live casino games are a prime example of the new generation of casino games you can expect from Bitcoin.com
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Operators of the alleged scam promised investors their funds would be used to build a functioning casino and entertainment facility in the Sandbox metaverse. The plans included “a virtual stadium for virtual games and concerts, a virtual hotel, a virtual movie theater, a virtual bowling alley … [and] a virtual
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