Cryptocurrency Analysis and News Portal
The crypto industry has great value for users and industries often cast aside by traditional financial institutions. Online gaming is one of the best sectors to bridge the power of blockchain technology with players looking to benefit from a more secure, fairer, and transparent system. Online casinos supported by cryptocurrencies, such
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Those with even the slightest bit of insight may find it hard to believe anyone would genuinely think “Will Smith inu” was a buy-and-hodl asset, but the human experience is a rich and varied tapestry. Some people in that tapestry are more frayed around the edges than others – more
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An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he stressed. Indian Parliament Member Wants to Tax Crypto at 50% Indian parliament member Sushil Kumar Modi shared
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“It would be ideal from a social viewpoint to intervene and have a less tolerant approach towards these activities,” said Panetta, who is a member of the ECB’s executive board, to a meeting of the European Parliament’s Economic Affairs Committee, saying that Bitcoin-type activities were “pure gambling, wasting enormous amounts
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Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto
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According to reports, the gambling industry is worth billions of dollars. The gambling industry was estimated to have a market cap of 53.7 billion USD in 2019 and to grow at an 11 percent annual rate from 2020 to 2027. Although gambling has been a popular social activity since the
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Sorare, the fast-growing European fantasy soccer and digital collectible platform, is being investigated by the UK Gambling Commission.The gambling watchdog of the United Kingdom warned in a consumer information notice dated Oct. 8 that Sorare’s business operates “outside of the gambling regulations that a licensed operator should comply with” and
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The Canadian Securities Administrators, or CSA, and Investment Industry Regulatory Organization of Canada, or IIROC, have issued guidelines for crypto trading platforms operating in the country to avoid “advertising and marketing materials that could mislead investors.” In a Thursday publication, the Canadian regulators’ guidelines warn crypto companies not to advertise “gambling
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Who doesn’t like success stories? In 2021, one of the biggest success stories in crypto has been that of FUN Token, an ERC-20 token with an incredible vision – bringing decentralized online gambling to the mainstream. Not long ago, this vision was in danger as rising Ethereum gas fees made on-chain transactions
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From the obvious advantages Bitcoin betting sites and online casinos present, the majority provide similar games that traditional and online casinos offer.The evolution of Bitcoin (BTC), the world’s first digital currency, has witnessed the integration of cryptocurrency into some of the traditional industries or enterprises around today. The idea is
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