Blockchain
How the Licensing of Bitcoin Casino Happens
Compared to the long-lasting history of the gambling industry, Bitcoin Casinos are a relatively young, yet extremely revolutionary entry. Bitcoin casino websites started to emerge in the first half of the last decade and brought upon the amazing advantages compared to the competition. Although, in the beginning, many gamblers around the world were hesitant to …


Compared to the long-lasting history of the gambling industry, Bitcoin Casinos are a relatively young, yet extremely revolutionary entry. Bitcoin casino websites started to emerge in the first half of the last decade and brought upon the amazing advantages compared to the competition. Although, in the beginning, many gamblers around the world were hesitant to try the new solution, today, BTC Casinos are steadily overtaking all the other entities in the industry. With the popularization of the concept of crypto gambling, players started to take notice when it came to the licensing of the popular Bitcoin Casino websites.
Why is licensing so important?
Licensed Bitcoin Casinos are always more popular and trusted because the regulatory agencies always add an extra layer of legitimacy to the websites in the gambling community’s eyes. Aside from that, there is a guarantee that a legitimate agency will oversee the online casino processes, providing a total guarantee that the BTC Casino is legitimate, fair, and secure to use. We strongly advise that you only use a Licensed Bitcoin Casino to play your favorite games. This way, you will eliminate any unwanted thoughts concerning security and trust.
Which countries license Bitcoin Casinos?
Even though most of the gambling world is well accustomed to the concept of crypto gambling, there are only a handful of countries that truly regulate the BTC Casino industry. Some countries outright ban all things-crypto, others only regulate classic online casinos and some are fully controlling BTC Casinos. These countries are generally all pro-crypto and they promote the use of virtual currencies to the max. The list of such countries includes the United Kingdom, Italy, Netherlands, Malta, Curacao, Greece, Poland, and Belgium. Here, Bitcoin Casinos have clear cut rules and regulations that they must follow to be able to operate.
Threats of unlicensed Bitcoin Casinos
It is generally frowned-upon when the Bitcoin Casino operates without the license and it creates unwanted thoughts in the minds of gamblers all around the world. Some relatively popular BTC Casinos operate that way and state that their partnership with some of the biggest game development companies is proof that the casino can be trusted. Although a prominent argument, this is generally not enough to ensure the total trust of the community. Without a governmental agency that controls the proper operations and fairness, it’s almost impossible to know if the casino can be fully trusted. It might be a fraud website that will cause gamblers to lose tons of money without having the chance to win.
Source: https://www.cryptonewsz.com/process-for-licencing-of-bitcoin-casinos/
Blockchain
Ripple’s Garlinghouse to File Dismissal Motion Against the SEC Lawsuit Over XRP Sales

The CEO of Ripple, Brad Garlinghouse is filing for a motion to dismiss the SEC lawsuit against himself and Ripple. This is according to a copy of a letter written by Garlinghouse’s lawyer stating that he intends to file a dismissal motion for the case.
The letter claims that the case was nothing but a regulatory overreach as the company’s sale of XRP did not involve any contract and the proceeds were not pooled with other buyers in a common enterprise. Its price also fluctuates in line with other digital assets such as Bitcoin and Ethereum.
“But Mr. Garlinghouse’s XRP sales involved no contract of any kind with the buyers, as his sales were done anonymously over an exchange. Nor were the proceeds of Mr. Garlinghouse’s sales pooled with other buyers in a common enterprise. And XRP’s value historically has not been correlated with Ripple’s actions, results, or public announcements, but instead with changes in the value of other digital assets, such as bitcoin and ether, that the SEC has publicly declared are not securities”, the letter read.
Ripple and its top executives have been in court since the SEC filed a lawsuit against them alleging that they illegally sold a security (XRP) and made profits of over $1 billion. Garlinghouse has however maintained his position that XRP is not a security.
This could be because other countries such as the UK hold XRP in high regard. Garlinghouse had last year indicated his intention to move Ripple headquarters over to the UK before the SEC lawsuit. In early February of this year, the company filed a defense for the suit which has led to a few more lawsuits.
In 2015 and 2020, both the Department of Justice and the Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) declared XRP to be a “virtual currency”. The two departments even asked Ripple to implement anti-laundering in place, a requirement that Ripple claims securities are not expected to meet.
The outcome of Ripple’s case with the SEC could be a big determinant of future regulations in the cryptocurrency industry and the entire space awaits the outcome.
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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.
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Source: https://zycrypto.com/ripples-garlinghouse-to-file-dismissal-motion-against-the-sec-lawsuit-over-xrp-sales/
Blockchain
Crypto fund KR1 makes investment in blockchain data protocol LazyLedger


KR1, a crypto & blockchain asset investment company, had announced that it has invested a total of USD $75,000 into Strange Loop Labs AG, doing business as LazyLedger Labs.
The investment company took part in LazyLedger’s seed funding round alongside Cosmos’ Interchain Foundation, Binance, Dokia Capital, Maven 11, and other investors.
LazyLedger is a pluggable consensus and data availability layer to enable anyone to quickly deploy a decentralized blockchain; without the overhead of bootstrapping a new consensus network.
“LazyLedger is a great project and an opportunity to bring better data availability to blockchains; which reduces bloat and increases performance. We believe that LazyLedger is going to play a big role in the next generation of scalable blockchain architectures.”
– Keld van Schreven, Managing Director and Co-Founder of KR1
LazyLedger’s founding team are highly respected decentralized systems engineers and researchers; who were part of the founding team of Chainspace, a blockchain project acquired by Facebook, as well as contributors to Ethereum 2.0 and Cosmos’ Tendermint.
“I’m excited about KR1 supporting LazyLedger as they have been around from day one and the experience they bring is invaluable as one of the oldest funds in the crypto space.”
– Mustafa Al-Bassam, Co-Founder of LazyLedger
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Source: https://www.cryptoninjas.net/2021/03/04/crypto-fund-kr1-makes-investment-in-blockchain-data-protocol-lazyledger/
Blockchain
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round


ETHA Lend, a yield optimizer protocol for DeFi, today announced it has closed a $1.6 million initial funding round from lead investors Digital Finance Group (DFG), AU21 Capital, and Privcode Capital.
Other investors include: Vector Capital, Chain Capital, PNYX Venture, Lancer Capital, Oasis Capital, TRG Capital, Candaq Capital, Dealean Capital, Inclusion Capital, Origin Capital, ZB Capital, YBB Foundation, AC Capital, Hotbit.
Designed to provide automated yield allocation across Ethereum and Polkadot DeFi ecosystems; ETHA Lend will be governed by ETHA token holders. The protocol’s algorithm is constructed to understand the precise circumstances of a liquidity provider and supply events; protecting users from high transaction costs, market limitations, and asset volatility.
“We are excited to have some of the most reputable names in the crypto investment and DeFi funding market on board. Our protocol hosts unique integrations of the DeFi space that shall let users dabble with yield farming with unseen simplicity, cross-chain independence, and progressive yield optimization opportunities. You can look forward to a time when the sector shall be free of the haunting tribalism and intimidations both for new and expert users.”
– Chester Bella, Founder of ETHA LEND
The close of this funding round will enable ETHA Lend to accelerate development towards its mainnet launch, currently scheduled for Q2 2021. ETHA Lend’s smart contracts are being inspected by Certik; one of the most highly reputed blockchain security auditors.
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Source: https://www.cryptoninjas.net/2021/03/04/defi-yield-optimization-protocol-etha-lend-closes-1-6m-funding-round/
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