Crypto Biz: Stablecoins wave, crypto trading via UAE banks, and more

This weeks Crypto Biz explores Tethers profit record, bank-linked crypto trading in the United Arab Emirates, Polymarkets growth amid US elections, and Coinbase custodian arm.

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Memecoin casino: $100 bet on Pump.fun has worse odds than roulette

Traders are disillusioned with the ultra slim chances of picking a memecoin winner.

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Arbitrum-based DuelNow receives $11M funding as Web3 betting heats up

DuelNow is the latest in a string of Web3 gambling venture deals amid surging activity on Polymarket.

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Drake Loses Bitcoin Bet Following Canadas Copa America Exit, ARG Fan Token Soars 40%

Canadian rapper Drake lost another Bitcoin bet after Argentina beat Canada 2-0 in the Copa America semifinals. The Argentine Football Association (AFA) fan token soared over 40% following the victory. Bitcoin Bet Lost: Did The Drake Curse Do It Again? On Monday, Drake shared on Instagram that he had bet against the Argentina National Football [...]

The post Drake Loses Bitcoin Bet Following Canadas Copa America Exit, ARG Fan Token Soars 40% appeared first on Crypto Breaking News.

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Polymarket gambler face charges after Taiwan election bet

A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.

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Polymarket raises $70M from Vitalik Buterin, Founders Fund

Amid increasing U.S. regulatory scrutiny, popular crypto-based betting platform Polymarket has secured funding to expand its global operations despite restrictions.

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Robinhoods Stock Soars 8% Following Launch of Betting Markets Hub

Robinhood, the popular investing app, has recently introduced a new feature called the “betting markets hub.” This hub allows users to participate in prediction markets related to various events, including elections, sports outcomes, and more. With the betting markets hub, Robinhood users can now place bets on a wide range of topics and events, providing [...]

The post Robinhood’s Stock Soars 8% Following Launch of Betting Markets Hub appeared first on Crypto Breaking News.

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Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules

The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim, [...]

The post Binance Sued by CFTC for Alleged Violations of Trading and Derivatives Rules appeared first on Crypto Breaking News.

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Blockchain Defining The Sports Betting Industry: Pros and Cons

Sports betting has experienced tremendous growth in recent years, and technology is a major factor in this trend. As technology advances, more people are drawn to sports betting, and innovations like blockchain have transformed the industry. In this article, we will explore the impact of blockchain technology on sports betting, including the benefits and drawbacks […]

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Is Crypto Sports Betting Ready for the Big Leagues in 2023?

Crypto sports betting is just like any other betting or gambling where you bet on a particular match, league, and any other sports events and tournaments. But payment methods make it different as it uses cryptocurrencies like Litecoin, Bitcoin, Dash, Ethereum, and many more. The main thing is that crypto sports betting platforms are more […]

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BetDEX to Go Live on Solana as FIFA World Cup 2022 Approaches

Emerging decentralized sports betting outfit, BetDEX will be launching on Solana ahead of the World Cup (Read More)

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A beginner’s guide to understanding cryptocurrency gambling

As we all well know, thanks to their growing popularity over the last years and while they gained tremendous traction and people realised their potential, cryptocurrencies are now included as a payment option on many online business platforms. Of all the forms of internet-based business, online casinos are one of the fastest cryptocurrency adapters, gaining, this way, the interest of…

The post A beginner’s guide to understanding cryptocurrency gambling appeared first on Cryptocoin Spy.

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Azuro Closes $4m Funding Round to Build Decentralized Betting Protocol

Azuro said it has raised another funding round of $4 million, saying that the funding gives it great confidence in its ability to disrupt traditional online betting. (Read More)

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The Growth of Online Gambling Industry – Illustrated

The online gambling industry has been booming for the last decade as more and more platforms are being released on a daily basis. This has led to enormous numbers in terms of yearly revenue and the amounts of bets made by punters from all parts of the world. We at CryptoBetting.net want to highlight that […]

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Using Bitcoin And Discreet Log Contracts To Facilitate Sports Betting

Discreet log contracts even the odds for peer-to-peer sports betting on Bitcoin. Bettors have a fairer chance when sportsbooks lose their advantage.

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The Ins and Outs of Crypto Sports Betting

Crypto sports betting is a simple concept: using cryptocurrencies (bitcoins, Ethereum, etc.) to place wagers on sporting events. This practice has been growing in popularity for the last several years and seems destined to keep gaining traction. This guide should serve as a helpful introduction for those unfamiliar with crypto sports betting. We’ll explain what crypto sports betting is, how…

The post The Ins and Outs of Crypto Sports Betting appeared first on Cryptocoin Spy.

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Betting picks, predictions, and odds for the NHL

As one of the most loved sports in the world, hockey offers a lot of betting opportunities. Fans of NHL hockey love its physicality and fast pace, which makes it one of the most exciting sports to watch. With a few well-researched and legal wagers, things only get better. How Does NHL Betting Work? You […]

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Drake’s Bitcoin Bet Ends Up In Loss Of Nearly $275K

Canadian rapper and actor Drake lost roughly $275,000 in Bitcoin [BTC], after placing a bet on American professional mixed martial artist Jorge Masvidal.  The “In My Feelings” hitmaker was anticipating for Masvidal to defeat Colby Covingto during a seismic UFC 272 event that took place on 5th March on the T-Mobile arena in Las Vegas. Drake […]

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Pros & Cons of Cryptocurrencies in Sports Betting

The gaming industry has amplified almost every aspect of their product and service offers to attract a diversified range of players and bettors. In other words, there is nothing a player can’t expect to find in a gaming provider’s platform that they are looking for. One aspect of that gaming offer has focused on increasing […]

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Crypto’s Interesting Uses in Times of Need Around the World

The world has changed since the start of the 21st century. While some countries are switching to Central Bank Digital Currencies (CBDC) and others are sticking to their paper fiat money, cryptocurrencies have been a means for people of all nations to exchange money while avoiding foreign currency exchange fees. While some people are looking […]

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