Business/Financial
Bitcoin Soars to All-Time High After BNY Mellon Announces Crypto Venture
Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.
Elon Musk Wants Clean Power. But Tesla's Carrying Bitcoin's Dirty Baggage
Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
Tesla Buys $1.5B in Bitcoin, Will Accept as Payment Soon
Holders of Bitcoin may be able to cash in some of their investment in the digital currency for a brand new electric car.
Reddit Frenzy Pumps Up "Joke" Crypto Dogecoin
One of the beneficiaries of the past week's Reddit short squeeze frenzy is none other than a crypto coin that started as a joke, Dogecoin.
Cryptocurrency Trader Charged With Fraudulent Scheme Involving Over $5 Million
AUDREY STRAUSS, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a Complaint in Manhattan federal court charging JEREMY SPENCE, a/k/a “Coin Signals,” a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses.
Bitcoin Slumps 10% as Pullback From Record High Gathers Pace
Bitcoin slumped 10% on Thursday to a 10-day low, retreating further from record highs, with traders citing fears of tighter U.S. regulation.
Bitcoin Hits One-Week Low as Rising U.S. Yields Dent Rally
Cryptocurrencies plunged on Monday, with bitcoin dropping more than 12% to a one-week low
Bitcoin Hits $40,000 for First Time, Pushing Cryptocurrency Market Value Past $1 Trillion
Bitcoin smashed through $38,000 to hit a new record high on Thursday as the cryptocurrency’s massive rally continues, then the $39,000 mark just prior to 11 am ET, and by afternoon the price peaked at $40376.
PayPal Backs Crypto Tax Startup Taxbit
PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday.
Bitcoin Crosses $30K Mark First Time Ever
Digital currency Bitcoin extended its record smashing rally on Saturday, beginning the year with a surge over $30,000 for the first time, with ever more traders and investors betting that it is on its way to becoming a mainstream payment method.
Bitcoin Climbs Over $29K
Bitcoin, the digital currency preferred by online gambling sites in restrictive markets, has shot to 29,230.10 Wednesday evening.
Bet the Price of Bitcoin
With Bitcoin surging again BetOnline is now offering odds on where the price of the digital currency will finish in 2020. If you believe in their numbers, go buy a couple of coins right now.
Another Peak for Bitcoin: Price Climbs Past 24K
The price of Bitcoin moved above the $24,000 mark for the first time. On Saturday morning, the price hit a record high of 24,288.
Ruffer Investment Company Allocates 2.5% of Assets to Bitcoin
Ruffer Investment Company sent out a memo Tuesday alerting shareholders that it will be allocating roughly 2.5% of its portfolio towards Bitcoin. Per the memo, this investment is currently worth over $740 million.
Bitcoin Price Surpasses All Time High
The price of Bitcoin has surpassed its all time high Monday morning.
How Safe is it to Deposit and Bet with Crypto, Bitcoin? And What Kind of Technology is It Using?
For the past few years, the use of Bitcoin and other cryptocurrencies in the gambling industry has increased significantly. What started with a few cryptocurrency-only gambling sites has now ballooned into a sweeping revolution of the gambling space where traditional online betting platforms have started to offer and support cryptocurrency payment options together with fiat deposit and withdrawal methods.
Bitcoin Price Climbs Over $19K, Approaches All Time High
The Bitcoin surge continues as the cryptocurrency surpassed the $19,000 mark Tuesday morning.
How Do Bookies Get Business?
Bookies get business a number of ways. Below, Gambling911.com examines just a few courtesy of our friends at PricePerPlayer.
Price of Bitcoin Climbs Over 17K
Bitcoin continues its momentous run with the cryptocurrency moving over $17000 for the first time in almost three years. Bitcoin is the most utilized transaction method for online gambling in designated "restrictive" markets, which encompass more than half the globe.
Bitcoin Goes Over $16K: Up 120% YTD
Bitcoin has surged past $16,000 for the first time since January 2018 and is up over 120% YTD!
FanDuel Partner Entercom Acquires QL Gaming Group
FanDuel partner Entercom has acquired direct-to-consumer sports betting technology and analytics leader QL Gaming Group in an all cash deal for approximately $32 million.
Bitcoin Hits Highest Level Since Jan. 2018 Amid Post-Election Volatility
Bitcoin’s price rose to more than $14,900 on Thursday, its highest level since January 2018, amid volatility caused by the U.S. election and investor hopes that more central bank stimulus to support economies hit by the COVID-19 pandemic will push up the value of digital assets.
China Shuts Down Gambling Sites Using Tether
China this weekend has cracked down on gambling sites tied to the tether stablecoin.
Analysis: Is PayPal's Crypto Move a Game-Changer for Bitcoin? Probably Not, Say Experts
PayPal Holdings Inc's PYPL.O decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
PayPal Enters Crypto Market: Will Allow Buying, Selling and Shopping
PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets.
Square Makes Big Bet on Bitcoin
Square, Inc. (NYSE: SQ) announced that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.
Fox Given a "Buy" Rating Thanks to Sports Betting Boost
Fox Corp is an under-the-radar play on US sports betting, the headline reads for Wayne Duggan's report at Yahoo Finance!
John McAfee Arrested for Tax Evasion
Cybersecurity entrepreneur and crypto personality John McAfee was arrested in Spain on Tuesday for US tax evasion.
Virtual Event: How The Gaming Industry Can Benefit From Bitcoin Technology
Friday is a "must see" virtual event for gaming enthusiasts as well as those in the crypto space looking to expand their horizons.
Bitcoin and eSports: Bitcoin SV One World Chain Virtual Continues (Videos)
The Bitcoin SV One World Chain virtual conference concludes Thursday with hot topics that include Making Bitcoin Easy to Use for Everyone, eSports and the Blockchain with Unikrn co-founder Rahul Sood, and the cashless casino.
