Congestion on the Ethereum network has forced an online casino to close shop. The development came into light after KingTiger Casino’s official website announced the company’s temporary closure of services. According to KingTiger’s statement:“We have had to temporarily close our casinos due to the Ethereum network congestion, making it impossible to run our games in their … [Read more...] about Ethereum network congestion temporarily shuts down crypto gaming casino
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Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook
Chinese publicly listed firm Success Universe Group Ltd, which is a major investor in Macau-based casino and hotel resort Ponte 16, announced that it has purchased 24.3 Bitcoin ($1.35 million currently) as part of its portfolio diversification strategy, Inside Asian Gaming reported today.“In recent times, the Board observed increasing popularity of cryptocurrencies in the … [Read more...] about Macau casino investor bets on Bitcoin (BTC) amidst a bleak economic outlook
Nightlife comes to the metaverse as Decentral Games opens Atari Casino
Virtual land governance DAO Decentral Games is continuing to expand into the metaverse nightlife space with the launch of an Atari-branded casino. The casino will be the third such gambling establishment for the DAO, which purchases land in virtual worlds like Decentraland and opens digital businesses. Using brand assets from Atari, the provably-fair games are designed to be … [Read more...] about Nightlife comes to the metaverse as Decentral Games opens Atari Casino
Macau’s high-rolling casino industry faces a digital currency threat
The island-nation of Macau is inching closer to the launch of its state-backed digital currency as it looks to shed off money launderers and fraudsters from the casinos and gambling dens that dot the city, as per a report today on Bloomberg.Macau turns to digital currencyDubbed the ‘Vegas of the East,’ Macau sees billions of dollars flow through its high-profile casinos and … [Read more...] about Macau’s high-rolling casino industry faces a digital currency threat
NFTs can be a social good, not just a casino for rich celebrities
Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.”The author of the Ethereum whitepaper said there was little social value in helping celebrities like Elon Musk add another $1 million … [Read more...] about NFTs can be a social good, not just a casino for rich celebrities