Ayre: 'Everything But BSV is a Security Including BTC', CoinBase Ordered to Only Trade Bitcoin

These are your latest stories in the world of crypto gaming.

Ayre: 'Everything But BSV is a Security Including BTC', CoinBase Ordered to Only Trade Bitcoin (July 31, 2023)

One of the world's largest cryptocurrency exchanges was told by the SEC to stop trading in everything except for Bitcoin, according to Coinbase CEO Brian Armstrong.

This is viewed as a sign of the agency's intent to assert regulatory authority over a broader slice of the market, according to Scott Chipolina of the Financial Times, which broke the story.

The SEC sued Coinbase soon afterwards.

“They came back to us, and they said . . . we believe every asset other than bitcoin is a security,” Armstrong revealed. “And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than bitcoin.”

Armstrong claimed any such action would signal the end of the cryptocurrency industry as we know it.

Calvin Ayre, who is a proponent of the BSV Blockchain, offered his assessment of the situation.

"Everything but BSV is a security including BTC," he asserted.

Everything but BSV is a security including BTC:https://t.co/Sgizt8ZAZV

— Calvin Ayre (@CalvinAyre) July 31, 2023

Milestone for Crypto Gambling Integration as BetDEX Granted License in Ireland (July 25, 2023)

BetDEX Exchange, a revolutionary decentralized sports betting platform, has obtained a gambling license in Ireland marking a major step forward for the integration of blockchain technology into the traditional gambling industry.

Utilizing blockchain technology, BetDEX operates on a peer-to-peer network that removes the need for intermediaries.

This is not just any crypto gambling business.  The company was launched by former FanDuel executives Nigel Eccles (also FanDuel’s founder), Stuart Tonner, and Varun Sudhakar.

From Casino.org's Erik Gibbs:

The licensing of BetDEX Exchange in Ireland can have a profound impact on the wider adoption of blockchain technology in the country. As a licensed and regulated blockchain-based platform, BetDEX showcases the potential of distributed ledger technology to revolutionize traditional industries like gambling.

What is Combat IQ? Just the Next Generation of Sports Wagering (July 24, 2023)

A new company based in England has developed a new way to analyze and predict the outcomes of sporting events.

The company is called Combat IQ and is run by an entrepreneur named Tim Malik. The company’s first foray into sports analysis revolves around fighting sports—aka mixed martial arts—but could eventually expand to other sports. 

Gambling 911's own Thomas Somach recently sat down with Malik at his office at Combat IQ headquarters in England to find out more about his operation. Check out the interview here.

Blockchain Games Are ‘Boring,’ Says Sega Exec (July 16, 2023)

Sega's Co-Chief Operating Officer Shuji Utsumi offered a critical observation of blockchain gaming this past week.

“The action in play-to-earn games is boring. What’s the point if games are no fun?”

Jon Southurst of CoinGeek writes:

Utsumi may be correct, but using it as an excuse to back out of a market segment sounds odd. Sure, he’s probably seen some awful examples, but that’s hardly a reason for Sega to abandon its own blockchain and Web3 projects. After all, Sega should know something about designing non-boring games, so if the competition is boring, can’t their team just make better ones? Is there something inherently boring about blockchain, play-to-earn, or Web3 that ruins an otherwise-fun game?

I would say there isn’t; it’s mainly back-end tech, anyway. Adding a play-to-earn element is much the same as having a leaderboard, and if leaderboards were enough to bring players back for another game, then the chance to earn some real money should be too.

For now, the company has decided to back away from integrating its top franchises into blockchain initiatives.

Sega won't entirely abandon blockchain technology.  Lesser known brands like Three Kingdoms and Virtua Fighter were still expected to be part of non-fungible token (NFT) projects.

- Aaron Goldstein, Gambling911.com