Bodog Founder Calvin Ayre Backs Bitcoin Founder to Patent Technology

Written by:
Guest
Published on:
Mar/02/2017

The founder of the online gambling company Bodog, Calvin Ayre, has joined forces with the creator of Bitcoin, “Satoshi Nakamoto”, in a race to file scores of patents relating to the digital currency and its underlying technology, blockchain.

Ayre is considered a fugitive of US law following after being indicted for conducting an illegal sports gambling business and conspiring to commit money laundering.

Featured on the cover of the Forbes 2006 Billionaire’s issue, Ayre has already filed 63 blockchain-related patents last year and 27 this year along with Mr. “Nakamoto”.

“Satoshi Nakamoto” is actually one Craig Wright, an Australian computer scientist.

From Reuters:

Wright’s expertise combined with Ayre’s support make a potentially formidable force in shaping the future of bitcoin and blockchain, the ledger technology that underlies digital currencies. Wright and his associates have lodged more than 70 patent applications in Britain and have plans to file many more, according to documents and emails reviewed by Reuters and sources with knowledge of Wright’s business. The patents range from the storage of medical documents to WiFi security, and reflect Wright's deep knowledge of how bitcoin and blockchain work.

Wright’s expertise combined with Ayre’s support make a potentially formidable force in shaping the future of bitcoin and blockchain, the ledger technology that underlies digital currencies, Reuters noted.

It is widely believed that blockchains can circumvent the need for big financial intermediaries, and as such, challenge traditional payment systems.

Bitcoin has become widely adapted within the online gambling sector following some initial hesitations.

- Aaron Goldstein, Gambling911.com

Gambling News

CNBC: No sex, No gambling as China Tightens Rules on Foreign Investment

CNBC: No sex, No gambling as China Tightens Rules on Foreign Investment

New rules from Beijing prohibit investments in core military technology and anything that endangers national security, according to a report filed by CNBC Monday.

Nobody Hits Powerball: Now at $650 Million

Nobody Hits Powerball: Now $650 Mil

Powerball officials say there was no grand prize winner in the latest drawing, meaning one of the nation's largest lottery jackpots will continue growing.

‘Operation Shark Bait’: Gambino-Tied Bookie Pleads Guilty to a Usury Charge

‘Operation Shark Bait’: Gambino-Tied Bookie Pleads Guilty to a Usury Charge

Joseph Tommasino, 52, of Staten Island, New York, has plead guilty to a usury charge.

Deputy Gets 15 Months for Extortion in Illegal Gambling Case

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.

Attorney Who Tried to Kill Handicapper Violates Parole, May Go Back to Prison

Attorney Who Tried to Kill Handicapper Violates Parole, May Go Back to Prison

In another Gambling911.com World Exclusive, intrepid reporter Thomas Somach learns enraged neighbor still wants a piece of capper

Syndicate