The city of Santa Monica, California, has officially launched its Bitcoin Office, the first of its kind in the US. The office will aim to educate residents on the use of the popular digital currency, explore new economic opportunities, and help the city build a reputation of being a hub of Bitcoin innovation. Educating residents…
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The CEO of Wacon, a South Korean tech firm, has been arrested for his role in a large crypto fraud scheme. Local news media report that authorities have taken Byun Young-oh into custody for helping to defraud over 500 people of more than $366 million. The increasing use of crypto is attractive to members of…
Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals. Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has…
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The current class action lawsuit against USDT issuer Tether and major cryptocurrency exchange Bitfinex has taken a new twist with plaintiffs filing a second amended complaint against the companies. The plaintiffs are accusing Bitfinex and Tether of violating antitrust laws and manipulating the cryptocurrency market. According to the complaint filed on Monday in the Southern…
We explore the top cryptocurrencies in online casinos, including their benefits and risks. Learn more here. Over four billion people gamble at least once yearly. That’s about half the human population. And if you want to focus on online casinos, the numbers aren’t comforting. Experts say people playing online casino games will breach the 130…
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