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The Lazarus Group, also known as APT38, has been linked to hundreds of millions of dollars in stolen crypto with attacks on companies, exchanges, DeFi protocols and bridges. It’s a massive operation that U.S. authorities and even the United Nations claim funds North Korea’s nuclear weapons program. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stake’s expansion plans are marred by a legal showdown. An Australian share trading platform of the same name is threatening to take the startup, founded by billionaire Ed Craven and backed by hip-hop star Drake,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Britain’s Financial Services Minister Andrew Griffith stated on Thursday that classifying crypto assets as a form of gambling would create discord with global and European Union regulators. This statement was a response to the Parliament’s Treasury Select Committee’s report
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The United Kingdom government has rejected a proposal made by the House of Commons Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, highlighting that it “firmly disagrees” with the committee’s stance. A panel of British lawmakers called for regulating the U.K. crypto market similar to gambling in a
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“A system of gambling regulation, in isolation, would be unlikely to address these risk factors” such as the commingling of customer funds alleged of crypto exchange FTX, or correct problems linked to insider trading and market manipulation that are covered by traditional financial regulation, the government added. Source
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In this week’s newsletter, Google Play has officially allowed nonfungible token (NFT) games on its store — with some limitations. NFT company Dapper Labs has completed its third round of layoffs, and a blockchain gaming startup has enabled an automated refund feature for NFT purchases. In other news, check out
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The ICO’s Regulatory Sandbox aims to support organisations who are creating products and services which utilise personal data in innovative and safe ways. The Betting and Gaming Council entered the Sandbox to explore the gambling industry’s development and trial
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The Google Play store now allows video game publishers to sell nonfungible token (NFT) games in its store, according to a July 12 blog post from the store’s group product manager, Joseph Mills. In the post, Mills states that Google Play is “pleased to share that we’re updating our policy
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According to a Reddit post, a developer has posted an unusual farewell note, apologizing and blaming his online gambling woes after leaving a project in shambles, turning a $2 million valuation into $20,000 within minutes.Several investors in the Encryption AI project have reported that its developer performed a rug pull during a
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With the creation of digital assets, crypto exchanges, and digital gambling, bitcoin (BTC) has emerged as a leader in online gambling. The crypto asset has transformed the gambling industry by providing players with the exceptional experience of crypto casinos. Bitcoin casinos are specialized platforms that offer a tailored gambling experience designed
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