CoinGames: using blockchain to drive conversion
Crypto Gambling News
by Hannah
9h ago
Developed on several protocols, including Solana and Ethereum, Polygon Chain and Binance, CoinGames is a decentralized betting platform with ambitious plans for growth over the next five years. What inspired the creation of CoinGames? The decision to invest in igaming came from observing the market's growth, which has been expanding at 25% annually for the last two years, driven especially by crypto operators growing at a rate of 800% per year. Realizing that these operators were not addressing the main problem of online gaming, which is conversion, and were using blockchain inappropriately wi ..read more
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Kick tries to balance edgy entertainment with ethical responsibility
Crypto Gambling News
by Silvia Pavlof
17h ago
Streaming platform Kick.com has come under scrutiny for its increasingly controversial content, earning it the label of “a playground for degenerates” from Australian media outlet The Sydney Morning Herald. Founded by Australian billionaire Edward Craven and his business partner Bijan Tehrani, Kick has grown rapidly, attracting both viewers and content creators worldwide. The platform, which boasts 152,000 active channels and millions of hours of live content, has gained attention for its edgy entertainment, including streamers who engage in behavior considered inappropriate or even predatory ..read more
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BitStarz’s game expansion adds excitement for players
Crypto Gambling News
by Silvia Pavlof
17h ago
BitStarz, an online crypto casino known for its wide range of games and advanced features, has recently enhanced its gaming selection by introducing new live casino games. The addition of these games, developed by Platipus, has sparked enthusiasm among the loyal players of BitStarz. This expansion significantly increases the variety of games available at BitStarz, setting it apart from other online casinos. Platipus, a well-known game provider recognized for its innovative technology and engaging gameplay, has unveiled Live European Roulette and Live European Roulette VIP. These new games aim ..read more
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South Korea cracks down on illegal and crypto gambling
Crypto Gambling News
by Barney
17h ago
A new report by the National Office of Investigation (NOI) has said that thousands of arrests were carried out over the past six months, and the arrestees actually involved thousands of teenagers. At least 1,035 of those arrested were teenagers, with 566 of them now referred to counselling services, looking for help. Interestingly, 12 teenagers actually have been charged with running the online gambling platforms themselves, and six were found to be advertising. A total of $44.9 million of illegal gambling proceeds have been seized by officials, including FIAT and cryptocurrencies. The investi ..read more
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Photo Finish launches 150th Kentucky Derby celebrations
Crypto Gambling News
by Silvia Pavlof
17h ago
As horse racing enthusiasts eagerly count down the days, the 150th Kentucky Derby is finally approaching, slated for May 4, 2024. For those involved in Photo Finish LIVE and the wider horse racing community, this event marks a significant milestone, akin to Christmas in May. The excitement has been building for quite some time, particularly since Third Time Games established a partnership with Churchill Downs, making Photo Finish LIVE an official gaming partner of the Kentucky Derby. Now, as the anticipated date arrives, enthusiasts couldn't be more thrilled with the journey thus far and the p ..read more
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FaZe Clan could bank on crypto & gambling to save brand
Crypto Gambling News
by Barney
17h ago
FaZe Clan, though, is now looking at how the esports organization can move forward, with one of the debated options being entering the world of crypto gaming. A legacy esports brand, FaZe Clan has focused on competing in mainstream video games, such as Call of Duty, Fortnite, and Counter-Strike, but it may now be looking to expand. YouTuber Adisson “YourFellowArab” just posted on X, previously Twitter, that the company, that is to say FaZe Clan, would need to rethink how it operates because the Internet has changed, and urged the organization to consider gambling and crypto as two of the possi ..read more
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Vitalik Buterin sounds the alarm over ZKasino
Crypto Gambling News
by Barney
4d ago
ZKasino, a cryptocurrency online casino, has been flagged by another prominent blockchain and crypto casino guru, Vitalik Buterin, who warned that the decentralized gambling platform may actually be using various techniques to put consumers at risk. ZKasino came under a lot of fire on X, previously Twitter, with investors lambasting the platform for taking their funds and moving it onto another staking protocol, Lido. This was seen as an affront and betrayal of consumer trust, with 10,000 users contributing as much as 10,500 Ether tokens in total. The response to this decision was vehement, wi ..read more
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SOFTSWISS talks about Bitcoin Halving and the impact on iGaming
Crypto Gambling News
by Barney
4d ago
In a detailed LinkedIn post, SOFTSWISS, a tech provider for the gambling industry, and an early adopter of cryptocurrencies, has talked in-depth about what Bitcoin Halving would mean for the iGaming industry, and the challenges that stakeholders will be facing moving forward. For starters, SOFTSWISS explained the process of Bitcoin Halving, with every 210,000 blocks triggering a halving that reduces the mining yield from blocks by 50%. Presently, miners will get 3.125 BTC per block as part of the new halving, which has been reducing the total stock of Bitcoin available and has been the mechani ..read more
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The Ledger: Barrichello joins SoftSwiss and Do Kwon seeks extradition to South Korea
Crypto Gambling News
by Hannah
4d ago
In The Ledger this week, Former Formula 1 legend Rubens Barrichello has recently taken on a new role as a non-executive director at igaming tech firm Softswiss in Latin America. Softswiss has been in the igaming solutions industry for 15 years, offering a crypto platform among its suite of products. The firm aims to strengthen its ties with the local tech community and expand its presence in the region with Barrichello's appointment. Meanwhile, lawyers for disgraced crypto boss Do Kwon are busy fighting to get him out of a proposed extradition to the US, where he faces harsh penalties for the ..read more
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Mega Dice $DICE token presale exceeds $500,000
Crypto Gambling News
by Silvia Pavlof
4d ago
Mega Dice Casino's latest venture into the crypto market, the $DICE token, has exceeded expectations by amassing over $500,000 in its presale phase. Only last week the Mega Dice $DICE token presale had reached over $300,000, with prices starting at $0.069 per token and set to increase gradually. The presale success of $DICE underscores the growing interest in gamefi projects, with investors eagerly participating in the initial offering. Mega Dice's established reputation in the crypto gambling scene, boasting a user base of over 50,000 players and monthly wagers totaling $50m, has undoubtedly ..read more
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