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Interview: Betting Association Founder Gives His Take on the Worldwide Betting Phenomenon and It’s Problems.

Betting, in general, had and still has issues in different areas of the spectrum – from irrationally high fees that gambling organizations put on their bettors, to an abnormal inequality between winning and losing players. Today, we had an opportunity to speak with Lithuanian Betting Association founder and chairman Deividas Snapkauskas. We asked him to give his take on the betting scene in Lith

California Bill Aims to Recognize Blockchain Records

News The state of California has introduced a new bill that aims to recognize blockchain transactions, digital signatures, and smart contracts as a legal form of record. Assemblyman Ian Calderon introduced Assembly Bill 2658 on February 20 in order to re-define laws that apply to electronic records that take place within the state.  Also read:&n

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British Man Charged With Using Bitcoin to Launder 11.5 Million Euros

A British man has been arrested on money laundering charges in Holland. He is alleged to have been running a “money cleaning” service for clients trading on the dark web between the years 2014 and 2016. The Dutch Public Prosecutor demanded on Wednesday that he serves at least five years in prison.Funds Likely Came From Illicit SourcesAccording to NL Times, the laundered money is thought to hav

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Tezos Foundation Reorganizes, Gevers Steps Down

After months of infighting between the organizers of Tezos, a blockchain project currently in development, and the Tezos Foundation, a Swiss nonprofit that controls the project’s pursestrings, the two remaining original members of the Foundation have “voluntarily” resigned. This means that since December, the entire three-person board has been replaced.According to an announcement by the Tez

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Tezos Foundation Changes Leadership, Tokens Set to Launch in Coming Weeks

The Tezos ICO raised $232 million last July for the blockchain startup. Seven months later, after progress was delayed due to infighting between the founders, the project’s tokens are finally set to launch “in the next few weeks.”The Tezos foundation raised funds to develop a new cryptocurrency last July through an initial coin offering (ICO) that generated $232 million. While the ICO r

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Confirmed: Bitfinex Exchange Has Account On Dutch ING Bank

Dutch financial group ING (INGA.AS) has confirmed that Bitfinex, one of the world’s largest Bitcoin exchanges by daily trading volume, has a bank account with them in the Netherlands, Reuters reported Tuesday, Feb. 20.In an email to Reuters, ING spokesperson Harold Reusken confirmed that Bitfinex has a bank account with ING in the Netherlands. How Bitfinex was managing its banking affairs since

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US Gov’t Indicts Founder Of Long Defunct Crypto Exchange BitFunder

The US Securities and Exchange Commission (SEC) and Department of Justice (DOJ) have officially leveled charges against the founder of the now non-operational Bitcoin-dominated exchange BitFunder, Jon E. Montroll, Wednesday Feb. 21.The SEC released a press statement Wednesday stating that they have charged Montroll, also known as Ukyo, with operating BitFunder as an unregistered securities ex

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BitFunder Founder Charged by SEC for Stealing $61 Million Worth of Bitcoin

Today, the U.S. Securities and Exchange Commission (SEC) brought charges against Jon E. Montroll and his exchange BitFunder for operating an unregistered securities exchange and defrauding users. On top of that, the agency also charged the operator — Montroll — with making false and misleading statements in connection with an unregistered offering of securities. BitFunder was a platform t

Bafin Clarifies Stance on ICOs as More Germans Ask About Tokens

Economy & Regulation Germany’s financial regulator has clarified its position on initial coin offerings. Bafin admitted it was receiving many inquiries about the status of tokens and cryptocurrencies distributed to investors through ICOs. The federal agency advised interested parties to refer to regulations applicable to traditional financial i

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Could Blockchain Booking System See Hotel Prices Tumble?

An upcoming Blockchain-based travel bookings platform is hoping to offer a win-win for holidaymakers and hoteliers. Concierge.io claims its NEO-based system would eradicate commission fees for vendors, while also allowing them to interact directly with customers.Hotels versus hotel booking websitesThe company’s goal of cutting out middlemen comes amid an intensifying battle between hotels and th

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