Bitcoin Rises Above $1000 and Online Gambling Sites Take Notice

Written by:
C Costigan
Published on:
Jan/02/2017

The anonymous digital currency Bitcoin continues to grow in popularity and this is certainly reflected in a strong start to 2017 with trading breaking the $1000 mark Monday for the first time in three years.

On Monday morning, the cryptocurrency was trading at $1021 and seemingly rising.

"We are seeing the aftermath of zero interest rates run amok. So Bitcoin is a healthy reminder that we don't have to hold on to dollars or renminbi, which is subject to capital controls and loss of purchasing power. Rather it's a new asset class," Bobby Lee, chief executive of BTC China, one of the world's largest bitcoin exchanges, told CNBC by phone.

Most, if not all, online gambling sites had added Bitcoin by 2016.

Web gambling companies the likes of AceSportsbook.com have claimed Bitcoin accounts for over a quarter of its overall processing.

- Aaron Goldstein, Gambling911.com

 

Business/Financial News

Local Bookmakers Gambling Guide To Becoming An Online Bookie Agent

Local Bookmakers Gambling Guide To Becoming An Online Bookie Agent

You want to be a bookie agent? Are you craving for a chance to make cool money from the most trusted online wagering software without a hustle?

Bitcoin Steadies After Biggest 3-Day Free Fall in Over Two Years

Bitcoin Steadies After Biggest 3-Day Free Fall in Over Two Years

Bitcoin regained its footing on Monday, having suffered its heftiest falls since early 2015

Elevate Your Pay Per Head Players To An Online Platform

Elevate Your Pay Per Head Players To An Online Platform

In this era, every industry is moving their clients online, transacting online, working online and outsourcing from online portals. Online betting is not exceptional.

Dafabets Establishes Hub in Kenya

Dafabets Establishes Hub in Kenya

Asian-focused Dafabets has set up a hub in Nairobi, Kenya as a means of getting a foothold in the African market.

Tabcorp Fined $35 Million

Gambling firm failed to comply with anti-money laundering and counter-terrorism financial obligations

Syndicate