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Japanese Financial Watchdog Frowns on Gambling Dapps

Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps.According to a new report from Xangle Research on Japanese digital asset regulations, the country's financial watchdog, the Financial Services Agency (FSA), specifically says crypto

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FIFA 21 Steam Debut Deserves Gamers Troll-Bomb ‘Gambling’ Soccer

EA Sports’ upcoming FIFA 21 will be available on the Steam digital storefront at launch for the first time.Gamers are trolling EA through a user-defined tag on the newly-published listing.EA has since scrubbed all traces of the offending tag.Accompanying EA’s (Electronic Arts) announcement of yet another yearly iteration of the

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Cryptocurrency Boosts Illicit Gambling on Asian Soccer Leagues

Cryptocurrencies are making gambling on the world’s most popular sport easier, sports authorities suggest.Asian soccer has seen a sharp decline in match-fixing over the last six years, according to the Asian Football Confederation (AFC) in a Reuters article dated Feb. 14. However, the illegal gambling which has historically driven

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Compared to Gaming and Gambling Dapps, DeFi Is Still Behind

Despite the ongoing hype surrounding the growth and popularity of decentralized finance (DeFi) applications last year, gaming and gambling remain the most popular use cases for blockchain apps. According to blockchain analytics site Dapp.com, there are approximately four times as many users for both gaming and gambling decentralized applications (dapps) than

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Professional Poker Player Confesses to $22M Embezzlement for Crypto Gambling

The US Attorney’s Office at the Central District of California recently released the details of an ongoing case involving a renowned poker lord who has stolen from his employer for risky personal cryptocurrency investments.The 30 years old poker player, Dennis Blieden, who worked for StyleHaul Inc. – a digital marketing

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