Joseph Tommasino, 52, of Staten Island, New York, has plead guilty to a usury charge.
With the start of the NCAA Tournament last week, online betting giant BetOnline.ag saw more March Madness players in on the action than ever before.
The largest of the Bitcoin-only online poker rooms, Seals With Clubs, has unceremoniously closed its doors following a raid of CEO Bryan Micon’s Nevada home.
CNN’s Morgan Spurlock “Inside Man” plans to take us inside the world of anonymous digital currency Bitcoin on Thursday February 19, 2015 at 9 pm EST and online gambling site Bookmaker.eu is hoping to capitalize on what will likely be a mini-surge of sorts on folks trying out the mysterious currency.
New York’s Department of Financial Services came out with a revised set of rules to regulate companies that buy, sell, hold, and transfer bitcoin and other virtual currencies.
Many fans of Bitcoin, the anonymous digital currency, may not have fully grasped the importance of Bookmaker.eu announcing its new Bitcoin sportsbook platform this past week. To say this is the biggest news related to the marriage of Bitcoin and online gambling would be an understatement.
San Jose, Costa Rica –The hype for Super Bowl XLIX between the New England Patriots and Seattle Seahawks is reaching a fever pitch, and Bookmaker.eu is making its own worldwide headlines by now accepting Bitcoin for both deposits and withdrawals.
BetDSI.com, one of the biggest and most established online sportsbooks, has officially opened Bitcoin as an option for all members just in time for the Super Bowl. As always, you can claim up to $2500 in free cash when joining BetDSI.com.
Nitrogen Sports is beginning to distinguish itself from one of those many fly-by-night “Bitcoin-only” books that have come and gone with the drop of a….well, the drop of the anonymous digital currency’s price. A great number of these so-called sportsbooks existed only to take advantage of the dramatic swings in Bitcoin's price, benefitting from upward mobility. Those days appear to be over.
The anonymous digital currency known as Bitcoin is set to explode beyond $1 trillion, so says those famous Winklevoss twins.
Tyler and Cameron Winklevoss, best known for their legal battle with Facebook founder Mark Zuckerberg, are both major investors in the crypto currency.
Americas Cardroom CEO Phil Nagy tells Gambling911.com, the anonymous digital currency Bitcoin has thus far impressed at his online poker business.
“Bitcoin is doing good for us,” he told G911 this week. “It is 10 percent of our overall business right now.”
San Jose, Costa Rica – Getting money onto an online poker account has now officially become more convenient. Leading US online poker site Americas Cardroom today announced a groundbreaking move in payment processing. The poker site today becomes one of the first poker rooms to accept Bitcoin for deposits, with maximum daily transactions as high as $1,000 and minimum deposits as low as $5.
As more and more online gambling websites mull over the anonymous digital currency bitcoin, there appears to be good reason why said companies have had reservations up to this point.
Business Insider in the UK reports that Japanese authorities are investigating whether a $730 million heist this past year could have been an inside job.
CNN is scheduled to discuss the topic of Bitcoin’s future in a live Twitter chat Thursday December 18, 2014 at 12 PM EST @CNNTech. The anonymous digital currency has finally begun to catch on in the Internet gambling community after a long period of resistance. A number of mainstream outlets are also starting to take notice.
A panel of experts have been assembled to discuss Bitcoin. They include:
With online gambling sites only now beginning to jump on the Bitcoin bandwagon (quite possibly PokerStars among them), some of the earlier Bitcoin startups are currently facing scrutiny, the most notorious of them all being drug bazaar Silkroad.
And now the founder of that underground company, Ross Ulbricht, is alleged to have set up at least six murder-for-hire plots.
Chris McAlary tells CalvinAyre.com he decided to start the Bitcoin mining website Coin Cloud ATM following the events of April 15, 2011 in which three of the world’s largest online poker sites were forced to make abrupt exits from the US market, a result of indictments leveled against several key executives from each company.
One of the biggest names in poker, Michael Mizrachi, has announced plans to open his own bitcoin online poker room.
In an exclusive interview with the online gambling industry trade website CalvinAyre.com, Mizrachi revealed his decision to get in on the operating side of things in light of all the difficulties in securing sponsorship deals.
Americas Cardroom CEO Phil Nagy confirmed Wednesday evening that the popular online poker room plans to roll out its Bitcoin withdrawal platform some time during the first week of December (an exact date was not immediately known).
“We were working on this today and should have the withdrawal functionality ready by next week,” Nagy said during a four hour live streaming Q&A format broadcast on Gambling911.com Wednesday evening.
The average price of Bitcoin has settled in between $400 and $500 without the extreme upswings and downswings we witnessed earlier in the year, suggesting stabilization of the anonymous online currency.
Bitcoin + Daily Fantasy Sports contests could amount to big bucks. Try $5 billion.
Fantasy Sports has always seemed like a promising area for Bitcoin acceptance, suggests Kenny Spotz of the CoinTelegraph.com.
Domain names can still fetch top dollars as witnessed this week with the $1.1 million spent by Josh Garza of Connecticut-based mining equipment firm GAWMiners to acquire BTC.com.
Garza told Cryptocoinsnews' (CCN) that he had some "huge things in the works" for the mining world and digital currencies.
"Investors that are looking at Bitcoin will see this acquisition as another sign that it is worth investing in Bitcoin and Bitcoin related companies," Fargo wrote.
The rare domain name was exclusively brokered by Domain Guardians.
Industry titans, government personnel and Adam Wood, Lieutenant Governor and the Queen’s personal representative, are among more than 30 speakers due to make a powerful statement of the Isle of Man’s commitment to cryptocurrencies, as the speaker line-up for the inaugural Crypto Valley Summit is announced.
The Bitcoin Foundation announced Thursday afternoon that they have filed an amicus brief with respect to a criminal case surrounding bitcoin transactions in the state of Florida and more specifically a case involving two subjects arrested last February in Miami Beach.
Popular 5Dimes.com, a US-facing online sportsbook, has become the latest to embrace the anonymous digital currency bitcoin.
5Dimes began accepting bitcoin deposits early this month but withdrawals via this method will be unavailable for the foreseeable future.
Bitcoin will be converted into US currency at the time of deposit as, as such, customers will not be exposed to fluctuations in bitcoin’s exchange rate.
Over the past month, bitcoin has traded slightly above $600 on average across the various exchanges.
Satoshi Poker unceremoniously shut its doors after just over one year in business and it has done so amidst much finger pointing.
One of the first bitcoin-only poker sites, Satoshi sold to new owners last month, however, this group plans to abandon the Satoshi Poker software in favor of their own including the migration of all remaining players to BurnTurn.com, a soon-to-open online poker room.
With more and more online gambling sites popping up that incorporate the anonymous digital currency bitcoin, CoinDesk.com featured an interesting piece Monday that unveils nine of the biggest screw-ups in bitcoin’s short – and some would say shaky – history.
As you can see, these aren’t just simple screw-ups.
Crypto Next plc is an Isle of Man company that wants to bring digital currencies to grassroots level by providing turn-key packages that include a company, operating and trading accounts and white label currency exchange platform, instantly overcoming regulatory and technological barriers.
Crypto Next plc is the second cryptocurrency company to launch in the Isle of Man, where the Government has openly welcomed digital currency companies; a development which is attracting cryptocurrency based businesses since the announcement on the 10th June 2014.
TOULOUSE, France – (Reuters) - French police have dismantled an illegal Bitcoin exchange and seized 388 virtual currency units worth some 200,000 euros ($272,800) in the first such operation in Europe, a public prosecutor said on Monday.
On Friday for a period of nearly 12 hours, mining pool GHash had surpassed the 51% controlling share mark in the anonymous digital currency bitcoin and that has many watchers worried….perhaps with good reason.
Back in January GHash had 42% control and even then there were concerns mounting.
Oddsmakers are now licking their chops to offer odds on who will be next to go in the Trump administration.....but can't seem to keep up
A former sheriff’s deputy in West Texas must serve 15 months in prison for extorting money from illegal gambling operations and tipping the businesses off to investigations.