Mainstream approval critical for blockchain games — Gaming execs
Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future. Video games have become a favorite pastime for a lot of people all over the world and h ...
Crypto casino Stake reopens withdrawals just 5 hours after $41M hack
Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security firms estimate.Stake confirmed that all services resumed at 9:28pm UTC time on Sept. 4 — ...
Crypto gambling site Stake sees $16M withdrawals in possible hack
Crypto gambling site Stake has experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker” by Etherscan, implying that the drained funds may be t ...
Alphapo payment provider hack now estimated at over $60M — ZachXBT
The alleged Alphapo payments provider hack of July 23 is now estimated to have caused losses exceeding $60 million, according to a July 25 report from on-chain sleuth ZachXBT. The loss was previously reported at roughly $31 million.Hack ...
French Lawmakers Update Bill Allowing Unlicensed Crypto Service Providers to Engage Celebrities for Promotion
French lawmakers unveiled an updated bill that would allow even unlicensed virtual asset service providers (VASPs) to engage celebrities to promote their products. According to a press release posted on the French Senate's website, lawmakers reached a unanimous agreement to ...
UK Lawmakers’ Call for Tighter Controls on Cryptocurrency Investment Sparks Controversy
In companies, this approach is seen as misguided and short-sighted As it will only lead to huge losses due to lost profits We covered the House of Commons Treasury Committee report in Britain yesterday, May 17. In it, lawmakers equated investing in unsecured cryp ...
U.K. Parliament Proposes Regulating Non-Asset-Backed Cryptocurrencies as Gambling
The U.K. Parliament has released a 28-page report proposing to regulate cryptocurrencies that are not backed by real assets as gambling. The study stresses that such cryptocurrencies, including bitcoin and ether, could potentially be used for fraud and money laundering. ...
UK Treasury Committee Opposes Regulating Cryptocurrencies as Traditional Assets
Treasury Committee in the House of Commons opposes regulation of cryptocurrencies as traditional assets A group of lawmakers is pushing to equate trading in unsecured tokens with gambling Appears it will reduce risks for investors The UK Treasury Comm ...
Warren Buffett Criticizes Bitcoin as a “Gambling Asset”
Warren Buffett, the renowned investor and head of Berkshire Hathaway, has once again voiced his criticism of Bitcoin, stating that the cryptocurrency is an asset that lacks intrinsic value and is only suitable for gambling. In an interview with CNBC's Squawk Box, Buffett advised "sane investors" ...
Rollbit Token Price Drops 17% Amid License Renewal Negotiations
Rollbit (RLB), the popular crypto-casino token, has experienced a significant drop in its value, plunging by 17% in a single day. The sudden drop in price is reportedly due to issues with the project's license. Recent data from CoinGecko reveals that the token has dropped by a staggering 37.5% ov ...