Vera & John hit a major online gaming milestone with the announcement that they would begin accepting deposits in Bitcoin. The Maltese licensed casino, which focuses mainly on the Scandinavian market, began taking Bitcoin deposits this week, according to a report in EGR Magazine. Bitcoin players will be able to make deposits in Bitcoin, which…
[caption id="attachment_38552" align="alignright" width="212" caption="The highly quotable Chris Christie"][/caption] Gambling industry types are always good for quotable content and in 2013, they had plenty to say. Here are ten of the top gambling quotes from the last 12 months. That is the folly of the leagues’ argument — that somehow if you legalize it, take…
Satoshilive.com has launched what it claims is the world's first live dealer online Bitcoin casino. The new site combines two of the industry's hottest trends - Bitcoins and live dealer casinos - into one package and could have a real hit on their hands. Satoshi Live is a browser-based casino that's very aware of the…
A U.S. District Court judge in Texas has ruled that Bitcoins are officially a form of currency. The ruling came in response to a motion to dismiss a Bitcoin-focused fraud case because the defendant said Bitcoins weren't actually real money. Texas resident Trendon Shavers is accused of scamming would-be investors in his Bitcoin hedge fund,…
Liberty Reserve has been shut down and its founder is facing serious money laundering charges. Arthur Bodovsky, the Costa Rican behind the company was arrested in Spain this weekend and will likely be turned over to US authorities in the near future. The indictment accuses Liberty Reserve of functioning as a, "PayPal for criminals," because…
A new Skype-based malware is hijacking PCs and forcing them to mine Bitcoins. Though it sounds like something out of a science fiction it's a serious problem that's racking up 2,000 clicks an hour across the globe. The malware, which has been labelled Trojan.Win32.Jorik.IRCbot.xkt, was discovered this week by Kaspersky, a US-based anti-virus firm and…
[caption id="attachment_33209" align="alignright" width="274" caption="Cypriots protesting a plan taxing smaller accounts."][/caption] The Cyprus banking crisis has felt pretty far away for most of the world, but it may come crashing down on the online gambling industry. CalvinAyre.com is reporting that several large, US-facing financial processing services and affiliate programs have accounts in the small country's…
[caption id="attachment_32402" align="alignright" width="300" caption="Online LSD on the Silk Road Marketplace"][/caption] Recently we reported on the improbable success of two online casinos that operate on a revolutionary digital currency called Bitcoins (BTC). BTC are a fascinating phenomenon that could radically change the online gambling world, and all of online commerce, in a big way. Here's…
Two Bitcoin-based online casinos, SatoshiDice and bitZino, are turning heads in the igaming world after reporting big-time Q4 earnings. According to self-reported financials, SatoshiDice's profits from May to December came in at around $596,213 (US); while bitZino reported profits of $495,000 from June to December. Those are pretty impressive numbers from start-ups that operate well outside…
In a surprising move that promises to set new standards for the online gaming industry, the startup BitPay, a Bitcoin payment processor that bills itself as "PayPal for Bitcoins," received half a million dollars in seed capital last week from heavy-hitting investors like Shakil Kahn, the founder of Spotify, and Barry Silbert, founder of SecondMarket.…
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