The casino industry is experiencing a massive in all aspects and one of the major ones is achieving seamless transactions. A few years back, transactions between players and casinos required a lengthy process and mostly had issues that took time to resolve. However, the advent of technology and expanding access to the internet has brought about a long-anticipated change to the payment system.
The rise of cryptocurrency in online casinos has been a fascinating development in recent years. Crypto transactions are appealing to players because they are pseudonymous– the transactions are not directly tied to the player’s real name. The enhanced privacy and anonymity give players who value privacy or live in regions with strict gambling regulations access to online casinos with less hassle.
Crypto casinos are a relatively new trend but have gained massive attraction in recent years, including within the UK. In this article, we will examine how crypto casinos operate, their pros and cons, and what the future looks like for this trend.
Crypto Casinos Operation And Popularity Within UK
Crypto casinos are not becoming popular due to luck, there are several reasons has to why it has become a force to be reckoned with in the short period since its first appearance. Let’s take a look at how crypto casinos operate:
- Crypto Wallets: when a player wants to play any game at a crypto casino for the first time, the individual will need a crypto wallet where they can store their cryptocurrency before making any deposit at the crypto casino. There are mostly various wallet options available and each comes with different security features and functionalities. Make research on the wallet of your choice before transferring your coins into it, so as to avoid any issues.
- Deposits and Withdrawals: After choosing a preferred wallet, players can then transfer their desired amount of cryptocurrency from their wallet to the casino’s designated crypto address. Deposits are typically very fast, and are often confirmed within minutes– one of the major perks of using crypto in casinos. Withdrawal also tends to be quicker than traditional methods that require a longer process.
- Game Selection: Being a crypto casino does not translate to having a small library of games. Similar to traditional casinos, crypto casinos also offer a wide variety of casino games including table games, live dealer games, and slots with cash rewards.
- Winnings and Conversion: Whether you lose or win, all transactions are made in cryptocurrencies. Players can choose to keep potential winnings in crypto or convert them back to fiat currency through a crypto exchange before making a withdrawal to their bank account.
Crypto casinos are gaining massive attraction in the UK due to a lot of factors. Crypto transactions are much faster than traditional bank transfers and allow players to make near-instant deposits and faster withdrawals. The breakaway from the slow transactions has helped the crypto casino trend to become more appealing to the UK audience.
Also, crypto transactions are quite accessible and come with enhanced privacy for players’ financial and personal information. Crypto transactions are mostly not directly linked to a player’s name, so they offer players much-needed privacy compared to traditional methods where each transaction carries the name of the player. It also helps to eliminate geographical limitations. Players from anywhere in the UK can access and fully participate in crypto casinos, bypassing any restriction imposed on traditional gambling platforms.
Moreover, the potential for higher returns has also increased crypto casinos’ popularity among UK players. Even though the value of most cryptocurrencies fluctuates and can be a risk to keep funds in the coins, it also carries a significant potential for higher returns on winnings if the value of the cryptocurrency rises.
The UK Gambling Commission regulates all forms of gambling and crypto casinos fall under their purview. Specific regulations regarding crypto casino transactions are still evolving has is is still a relatively new phenomenon. Ensure to do your due diligence before committing your coins to any crypto casino.
Pros and Cons of Crypto Casinos
Crypto casinos have become a hot topic in the online gambling world. They offer unique experiences to players and come with advantages and disadvantages. Here is a look at some pros and cons of crypto casinos.
Pros:
Faster Transactions
Crypto transactions are lightning-fast compared to traditional banking methods. Deposits are mostly instant and withdrawals are processed much quicker. They also allow almost real-time access to your funds.
Enhanced Privacy
Crypto transactions offer a higher level of privacy and players’ financial information is protected. The transactions are mostly not tied to players’ real names.
Lower Fees
Crypto transactions generally have lower fees compared to bank transfers or credit card transfers. This means players have more money to gamble with when they play at crypto casinos.
Provably Fair Games
Crypto casinos have provably fair games that use cryptography to ensure randomness of outcomes. This serves as further proof of verifiable fairness when playing at the crypto casinos.
Cons:
Volatility of Cryptocurrencies
The value of cryptocurrencies can fluctuate at any time and this is a major disadvantage when playing at crypto casinos. This is both a risk to players and casinos. The value of potential winnings can change rapidly, leading to unexpected losses.
Regulation
The regulatory framework that guides cryptocurrencies is still evolving. This can become a major issue for players and casinos down the line with potential changes in regulations.
Limited Payment Options
Crypto casinos only deal in cryptocurrencies. Players who do not own crypto or prefer traditional payment methods may be left with no choice but to look for other casinos to play at.
Technical Know-how
Understanding how the crypto world works requires tremendous effort. The technical knowledge needed to navigate through the crypto casino can be a barrier for players who are not familiar with cryptocurrency.
Conclusion
Crypto casinos offer a new and potentially faster and more private way to gamble online. However, while there are many advantages to playing at crypto casinos, it also comes with disadvantages. As players, it’s essential to weigh the pros and cons, understand the risks involved, and gamble responsibly.
Donkey Coin (DONKCOIN) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Donkey Coin (DONKCOIN), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Donkey Coin presents a similar opportunity.
Donkey Coin has a market cap below $12,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Donkey Coin could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Donkey Coin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Donkey Coin on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donkey Coin by entering its contract address – 44Xxbp2Z1c9puZUrqmxUoCUGBVEckAfQPPnHukG8vKFC – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like Donkey Coin.
Keith Gill, famously known for his role in the GameStop short squeeze of 2021, has reemerged in the financial spotlight as his recent trading activities propel him towards billionaire status.
Trading under the monikers “Roaring Kitty” and “DeepFuckingValue,” Gill disclosed on June 2 that he had resumed trading in GameStop stocks, commanding a hefty sum of $180 million.
The details of his investment were shared on his Reddit account, where Gill showcased a $115.7 million investment in GameStop shares and $65.7 million in call options.
This revelation stirred the stock market, notably boosting GameStop’s value. Following his post, GameStop’s stock price leapt by 19% in overnight markets operated by Robinhood, and has since surged by 38.8% in 2024.
Analysts from The Kobeissi Letter, a respected source in global capital markets analysis, predict that Gill’s financial trajectory could see him become a billionaire.
They pointed out that with GameStop’s stock reaching $67.50 per share after hours, Gill’s holdings could approximate $1 billion if the stock opens at similar levels.
Furthermore, the stock analysts noted that since June 6, GameStop’s stock has closed up 110%, adding $9.5 billion to its market capitalization within just 12 hours.
This dramatic increase places GameStop’s valuation at around $20 billion, categorizing it as one of the top 400 public companies in the U.S.
However, Gill’s aggressive market tactics have not gone without scrutiny.
On June 3, Citron Research, a prominent critic and short-seller of GameStop, accused him of market manipulation in a post on X.
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They suggested that Gill must be collaborating with other financiers, stating, “We believe someone is backing Gill — there’s no way he made this size trade alone.
His reported finances don’t support this trade. Investors will see through this roaring Icarus.”
The following day, Massachusetts’ securities regulator initiated an investigation into Gill’s recent market activities.
Lisa Braganca, a former official at the Chicago Securities and Exchange Commission, mentioned in a CNBC interview that the probe will likely explore whether Gill’s actions constituted market manipulation.
She elaborated, “They are concerned that this is an effort to manipulate the market and for him to make money for himself through illegal disclosures,” indicating a thorough review of Gill’s communications across various platforms, including Reddit and X, will be part of the investigation.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Degen Cat could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Degen Cat (DEGCAT), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because DEGCAT has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Degen Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Degen Cat could become the next viral memecoin.
Degen Cat launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Degen Cat on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Degen Cat by entering its contract address – SswPK5VWTrhusTx1uenWYsy2HoUBzziWveiuqB7jQuY – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DEGCAT.
Matt Horne, head of digital asset strategists at Fidelity Investments, advises that investors should allocate a small portion of their portfolios to Bitcoin, regardless of their investment stance on the cryptocurrency.
In a CNBC report on June 4, Horne highlighted the issue of analysis paralysis affecting many traditional investors and asset managers when considering Bitcoin and digital assets:
“It’s tough because a lot of professional investors are able to model out every asset class given the amount of data that’s at our fingertips now.
“With digital assets, you don’t have the luxury… and I think that’s fine.”
“That’s why you just have to understand why you might want to own this, understand the potential of this technology, and then position accordingly,” he added.
Horne suggested that a small allocation of 1-5% could be prudent.
This range is minimal enough to mitigate significant loss if Bitcoin’s value plummets but substantial enough to benefit from potential gains and its role as an inflationary hedge.
His remarks underscore the growing interest from institutional investors and fund managers towards Bitcoin and cryptocurrencies, which were previously dismissed by many large financial institutions.
READ MORE: DFSA Revises Cryptocurrency Regulations to Enhance Investment Flexibility, Recognize New Tokens
Institutional interest in Bitcoin and other digital assets soared after the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States in January 2024, driving Bitcoin’s value above $70,000 per coin.
According to the latest Coinshares “Digital Asset Fund Flows” report, Bitcoin funds saw $148 million in inflows during the last week of May, with nearly $2 billion in total inflows for May alone.
Since the beginning of 2024, Bitcoin funds and exchange-traded products (ETPs) have accumulated over $14 billion in inflows.
Conversely, short Bitcoin funds faced $12.3 million in capital outflows in May, indicating a positive market sentiment among ETF and ETP investors towards Bitcoin.
The Coinshares report also revealed that Bitcoin investment funds now manage over $74 billion in assets globally.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Pink Pepe (PINKPEPE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Pink Pepe (PINKPEPE), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Pink Pepe presents a similar opportunity.
Pink Pepe has a market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 11,000% in the coming two days, and Pink Pepe could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Pink Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Pink Pepe on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pink Pepe by entering its contract address – 3CHkxCxLnDs8otVeGrn64JEcde5QcQKSxY4Y9QaUAU7F – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PINKPEPE.
Donald Humps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Humps (DONHUMPS), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
This is because DONHUMPS has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Humps can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Humps could become the next viral memecoin.
Donald Humps launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Donald Humps on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Humps by entering its contract address – Bomc2UuYYDUXDY9WKk7SBQSRTx1orjGex6XsYY7FGJsu – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONHUMPS.
Robinhood, a stock trading app, is set to expand its footprint in the cryptocurrency industry by acquiring the Bitstamp cryptocurrency exchange in a $200 million deal.
This acquisition will allow Robinhood to cater to institutional clients in the United States.
The transaction is awaiting regulatory approval and is anticipated to close in the first half of 2025.
Johann Kerbrat, the general manager of Robinhood Crypto, cited increasing customer demand for cryptocurrency products as the driving force behind the acquisition.
Speaking to The Wall Street Journal on June 6, he noted, “Everything we’ve been doing in the past few years has been because our engagement from customers has been that they want more crypto products.”
Robinhood’s co-founder and CEO, Vlad Tenev, emphasized the transformative potential of cryptocurrency in a June 6 X post: “Soon we’ll combine forces with Bitstamp’s global footprint, core spot exchange and industry-leading products like crypto-as-a-service, institutional lending, and staking.”
The acquisition aims to leverage Bitstamp’s established offerings, such as institutional lending and staking, alongside its white-label solution.
Robinhood has been broadening its cryptocurrency services since 2018, initially offering Bitcoin and Ether trading.
Kerbrat highlighted the strategic importance of the deal, stating, “Bitstamp’s highly trusted and long-standing global exchange has shown resilience through market cycles.
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By seamlessly coupling customer experience with safety across geographies, the Bitstamp team has established one of the strongest reputations across retail and institutional crypto investors.”
Founded in 2011, Bitstamp boasts over 50 regulatory licenses and registrations globally and will continue to operate under its own branding post-acquisition.
However, the deal coincides with potential legal challenges for Robinhood.
On May 4, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to Robinhood, signaling the conclusion of its investigation into the company’s U.S.-based crypto business.
The SEC is considering enforcement action related to alleged securities violations concerning Robinhood’s cryptocurrency listings and custodian operations.
Despite these challenges, Dan Gallagher, Robinhood’s chief legal officer, expressed disappointment in a May 6 blog post, stating, “After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our U.S. crypto business.” Robinhood remains committed to cooperating with the SEC to resolve these issues.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Investing Cat could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Investing Cat (INVESCAT), a new Solana memecoin that was launched this week, is poised to explode over 15,000% in price in the coming days.
This is because INVESCAT has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Investing Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Investing Cat could become the next viral memecoin.
Investing Cat launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Investing Cat on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Investing Cat by entering its contract address – HvHUQXE4HffWYTJQpzJrf6nztyHoi9CajD3M58Hut3Ra – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like INVESCAT.
On June 5, Meta Platforms faced 11 complaints regarding proposed changes in using personal data to train its artificial intelligence (AI) models without obtaining user consent, potentially violating European Union privacy regulations.
The privacy advocacy group None of Your Business (NYOB) urged national privacy watchdogs to take immediate action against Meta’s changes.
Complaints were filed in Austria, Belgium, France, Germany, Greece, Italy, Ireland, the Netherlands, Norway, Poland, and Spain.
The complaints argued that Meta’s new privacy policy changes, effective June 26, would permit the company to use years of personal posts, private images, and online tracking data for its AI technology.
Due to the imminent changes, NOYB requested urgent reviews from data protection authorities in these 11 countries.
According to NYOB, Meta’s updated privacy policy claims a legitimate interest in using user data to train and develop its generative AI models and other AI tools, which can be shared with third parties.
This change affects millions of European users, making it impossible for them to remove their data once it’s in the system.
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NOYB has previously filed multiple complaints against Meta and other Big Tech companies for alleged breaches of the EU’s General Data Protection Regulation (GDPR), which threatens fines of up to 4% of a company’s global turnover for violations.
Max Schrems, founder of NOYB, highlighted a 2021 European Court of Justice decision on this matter, stating:
“The European Court of Justice (CJEU) has already made it clear that Meta has no ‘legitimate interest’ to override users’ right to data protection when it comes to advertising… It seems that Meta is once again blatantly ignoring the judgments of the CJEU.”
Schrems contended that it’s unreasonable to place the burden of privacy protection on users.
The law requires Meta to obtain explicit user consent, rather than offering a hidden and misleading opt-out option.
He emphasized that Meta must ask for permission directly if it wants to use user data. Instead, Meta has inappropriately made users request exclusion from data usage.
In July 2023, Google faced a similar lawsuit after updating its privacy policy, accusing the company of misusing large amounts of data, including copyrighted material, for AI training.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.