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ezBtc Under Investigation for Massive Crypto Fraud Scheme

Posted on May 2, 2023May 2, 2023 by Laura P.

According to the British Columbia Securities Commission (BCSC), the Canadian crypto trading platform, ezBtc, has been engaging in fraudulent activities for the past three years. It has come to light that ezBtc has lied to its consumers about the protection of their personal assets and has instead been funneling the customers’ money to online gambling websites. That is right, instead of keeping their customers’ assets safe and secure, ezBtc transferred incoming Bitcoin and Ether to two crypto gambling websites, and the assets were worth a staggering $13 million as of mid-2019.

However, things only get worse. According to the BCSC’s findings, ezBtc did not maintain custody of its client’s money, and most of the holdings reported by the platform did not exist. To put it another way, to trick its customers, ezBtc has been pretending on its website to have real holding thus acting just like a bank would.

But wait, there’s more bad news! EzBtc has been running under the auspices of a numbered corporation known as 1081627 B.C. Ltd. since 2016, when David Smillie, the only director of the firm, registered it. Furthermore, Mr. Smillie’s whereabouts are unknown as of at least the year 2021.

Early Red Flags

In November 2019, customers noticed something was wrong when the ezBtc.ca website stopped working and they were unable to make any transactions or withdraw any funds. They were led to think that their funds were being stored offline, in “cold storage,” safely under ezBtc’s watchful eye.

The BCSC has issued a summons to ezBtc, instructing the business to attend at its offices on June 27 ahead of any planned hearing. That is if the company wants its side of the story to be heard. The authority claims that ezBtc has committed securities fraud since the contracts it offers to clients are technically futures contracts, which are classified as securities. These accusations, however, have not been proved in a court of law.

Tough Times for Crypto

Even as the cryptocurrency industry reels from the collapses of FTX Trading Ltd. and Celsius Network LLC, it seems that crypto fraud is on the rise. Doug Muir, director of enforcement at the British Columbia Securities Commission, has seen many instances like ezBtc as Canadian regulators crack down on cryptocurrency services.

For crypto users on such platforms, this calls for even more diligence. If you are thinking about getting involved in cryptocurrency, it is imperative that you do your research and comprehend how the industry functions before you do so. In case something seems to be too good to be true, then there is a strong chance that it is not what it claims to be.

Snoop Dogg Partners with Roobet and Becomes Chief Ganjaroo

Posted on March 2, 2023 by Laura P.

Snoop Dogg, music artist and entrepreneur, has been named Chief Ganjaroo at Roobet and is working with the startup and its parent company, Raw Entertainment, to change the face of online entertainment forever. Together, Snoop’s unprecedented worldwide reach and deep industry knowledge, and Roobet’s cutting-edge technology and enthusiasm for the crypto frontier will provide a gaming experience unlike any other.

The online entertainment business is set for a major shakeup as a result of this revolutionary partnership. The partnership is Snoop’s newest foray into the web3 area, although he is already a well-known metaverse enthusiast and avid collector of digital real estate.

“These guys are doing something different. This partnership just feels natural, and we’re going to blaze a trail for the future of online entertainment. I been sayin’ Roooooo for a long time now – they bring the ultimate player experience, we share the love of doing new things, and we care about our fans – so together we’re gonna change the game and do it better than it’s ever been done,” Snoop Dogg expressed his excitement about the partnership.

Co-founder of Roobet Matt Duea agreed with Snoop, adding that the company’s goal from the start was to expand the possibilities of what a gaming brand might be and that Snoop is a true visionary. Together, they are ready to bring about a genuine change in the way that entertainment is experienced online.

Everything that matters to them is making sure their community has access to the best online casino experience possible. The company’s prospects for the future of digital entertainment are looking better than ever now that Snoop is on board.

Lots of Goodies

Roobet and Snoop are preparing several exciting community-wide events to mark the beginning of their collaboration. They’re holding a raffle for $100,000 in cash and prizes including meet-and-greets with Snoop Dogg, backstage access to one of his concerts, special deals for new users, and more. Those who meet the requirements may sign up by going to roobet.com or the soon-to-be-launched roobet.fun website.

With over 3,300+ games from world-class iGaming studios and a fully-featured Sportsbook, Roobet provides a next-generation entertainment experience on an innovative and secure platform accessible to eligible gamers worldwide. What started as a niche casino for crypto enthusiasts has hit the mainstream, with over 3 billion wagers abroad. With over 300M views on TikTok, Roobet is a casino “for the internet, by the internet.” More details on the platform will be made available in the coming weeks.

Stake.com Takes the Wheel as Title Partner for Alfa Romeo Racing

Posted on February 2, 2023February 1, 2023 by Laura P.

We are ushering in yet another exciting new chapter in the realm of crypto-related online gaming and betting! The Alfa Romeo F1 Racing Team has officially announced that the industry-leading service provider Stake.com would take over as the team’s title sponsor. That said, the name of the team will change to “Alfa Romeo F1 Team Stake” effective immediately.

Stake has been putting in a lot of effort to enhance its visibility on a worldwide scale, and its relationship with Alfa Romeo F1 Team Stake is the most recent step on that road. The crypto gaming company has previously sponsored campaigns for teams competing in the Premier League football competition, fighters competing in the UFC, and even celebrities.

The Terms

Stake will provide a variety of exciting events and experiences for F1 fans from across the globe as part of this historic relationship. According to Alessandro Alunni Bravi, a team spokesperson, the addition of Stake as a co-title partner represents a new beginning for both businesses.

Because of the current growth in popularity of Formula One, it should come as no surprise that firms like Stake are ready to get on board and take advantage of the tremendous exposure that the sport produces.

A Potential Way Forward for Cryptocurrency Funding?

It is worth noting that the word “crypto” was left out of Alfa’s press announcement, which is an intriguing topic to consider. Stake may be different from other platforms in that it functions as a cryptocurrency casino. This is even more intriguing considering Stake.com’s headquarters are in Australia, a country that has strict regulations on online casinos and gambling. The company has also been under quite a bit of scrutiny.

Even though Alfa Romeo was not the very first team to accept crypto investment, the fact that they have done so puts them well ahead of the competition. Though it does come at a time when some F1 teams are cutting ties with their crypto sponsors.

Other teams including Mercedes and Ferrari, have parted ways with their corporate sponsors in the face of financial difficulties and plummeting stock prices. Despite these obstacles, Alfa Romeo is moving on with Stake as its sponsor.

All in all, there is plenty that the bitcoin industry has to gain from this partnership. Although it may be sometime before the full potential is realized, we are making progress, and this is a major first step in the right direction. If the bitcoin industry follows the right regulatory procedures, it will continue to thrive and grow in the next years.

Betting on the 2022 World Cup with Cryptocurrencies

Posted on December 2, 2022December 1, 2022 by Laura P.

With the world’s biggest sports betting event taking place in Qatar over the next several weeks, the sector might see even more disruption.

The World Cup, like the Super Bowl or the Wimbledon final, is one of those exceptional athletic events that manages to pique the curiosity of people across the globe. It is hardly shocking that this is also a major development in the world of sports betting. For example, the astronomical sum of $133.7 billion was wagered on the 2018 World Cup, which was hosted in Russia.

In comparison to the about $6 billion bet on the most recent Super Bowl, the World Cup finals took in around $8.2 billion. According to analysts in the industry, the amount of money wagered on the Qatar 2022 games will most likely far exceed the amount wagered on Russia 2018.

Significant Four-Year Shift

Only a small fraction of the betting market in 2018 cared about the World Cup in terms of cryptocurrency use for the same. Additionally, most of the participants were early adopters and industry veterans in the cryptocurrency sector.

Much has changed in that segment of the gambling industry in the space of only four short years. Sports bettors and casino gamers alike are increasingly turning to digital currencies like Bitcoin and Ethereum for their wagering and gaming needs.

Additionally, the development of crypto-friendly online gaming platforms is being spurred by this need. Along with more conventional payment options like credit cards and e-wallets, more and more well-known firms are beginning to accept Bitcoin as payment.

Lots More to Look Forward To

However, the World Cup is not drawing attention to cryptocurrencies because of sports betting alone. Many prominent bitcoin companies are now sponsors, and this has drawn criticism. Because of the volatility of the bitcoin market in the last several years, this is to be anticipated.

Case in point, one large cryptocurrency exchange recently announced that it would no longer be continuing its nearly $500 million sponsorship of FIFA over five years. Furthermore, Everton fans have asked the club to sever connections with a prominent crypto-gambling firm that has sponsored the team.

While there are undoubtedly still some bumps on the road ahead, it’s heartening to see how far we’ve come. As general awareness of cryptocurrencies increases, even casual sports fans will learn to appreciate their many benefits. Fans may make wagers with ease thanks to our streamlined, safe, and user-friendly system among other benefits.

SOFTSWISS Casino Platform Debuts In-Game Currency Conversion

Posted on November 2, 2022 by Laura P.

In-game currency conversion, a much-requested function of the popular SOFTSWISS Casino, has finally been made available to users. Players may now change their cryptocurrency holdings into up to 9 different fiat currencies using the Casino Platform, an online casino management system.

A cryptocurrency-focused addition to video games, In-Game Currency Conversion made its official debut in the spring of 2022. The project’s goal was to provide customers with additional options for growth and to provide participants with greater leeway in how they played.

Both players and operators benefit from this integration since players may now wager on games that do not traditionally accept cryptocurrency and operators have access to SOFTSWISS’ whole library of games.

There was previously just one preset currency that crypto could be exchanged for before the upgrade. Extra fiat currencies (USD, EUR, AUD, RUB, CAD, NZD, NOK, JPY, and BRL) are now accessible for conversion in-game thanks to SOFTSWISS’s special features.

According to Darya Avtukhovich, Head of the SOFTSWISS Casino Platform, users previously could only exchange cryptocurrency for US dollars. The type of currency that could be spent restricted the games that could be played. The problem is that different games elicit different feelings and reactions from players.

That is why they included support for many currencies this time around. A wider range of games is now accessible to players who can convert their cryptocurrency assets into more traditional currencies.

Huge Step Forward

SOFTSWISS has taken a major step toward its big aspirations with the release of its new currency conversion tool.

As a result of the players and the diversity of operators fighting with one another to obtain their goods on this platform, the firm is creating solutions that are in accordance with market needs.

The corporation has thrived thanks to its ability to continually adjust to shifting consumer preferences. At the next SiGMA Europe expo in Valletta, Malta (November 14-18), it will showcase its cutting-edge technologies including the Casino Platform and its capabilities. Developers, operators, players, and the general public involved in iGaming will get the opportunity to learn about the company’s most recent innovations at this event.

These enhancements are all part of SOFTSWISS’ long-term plan to deepen its presence in existing markets while entering new ones and bolstering the breadth and depth of its product offering.

BetCoco Brings Crypto Gambling Option to Canada and Brazil

Posted on September 2, 2022September 1, 2022 by Laura P.

BetCoco, a fast-rising online casino brand owned by the investment firm Crystal Wealth Group, made its debut last month to serve the lucrative cryptocurrency betting markets in Brazil and Canada. The gaming website allows users to gamble on casino games, live casino games, sports, and esports.

To spice up the experience, it even has VR rooms where users can get an immersive feel for games like blackjack, roulette, and live sports. The quality of its products and services is unparalleled in the markets in question. On top of that, the upgrades safeguard the company’s success in the foreseeable future.

First of Many

Founded in 2022, Crystal Wealth Group plans to launch “several” companies over the following decade, with BetCoco being the first. The team’s goal is to design a user interface that provides greater excitement for consumers. They feel that this is something that many iGaming companies have neglected to emphasize in their brand campaigns in recent years.

Furthermore, the operator stated its intention to provide numerous forms of player rewards. Among them were things like loyalty points redeemable for unique prizes, added incentives, and invitation-only offers and tournaments.

“BetCoco is a fun brand that offers a fabulous player experience with the leading games and services that the industry has to offer. Innovation is at the foundation of everything we do through creating the best features to continuously improve our user experience. We are launching with crypto, with fiat soon to follow, and are deploying exciting paid media marketing and affiliate campaigns to let the markets know about us.”
~ Mike Fox, Chief Financial Officer of Crystal WG

Crystal Wealth has hired Nick McCleggish, Digital Fuel’s Director of Group Accounts, as an adviser to BetCoco. In this partnership, Digital Fuel’s digital expertise and Crystal Wealth’s regional expertise in Latin America complement one another. It fits well with what they need to help their joint proposal grow and provide the best possible service to their global client base under the BetCoco Casino brand. That’s why the two of them are so well-suited to one other.

More Expansion Plans

Crystal Wealth’s long-term strategy is predicated on collaborating with the finest service providers in the business to develop a robust core iGaming platform that will serve as the foundation for introducing several brands to different geographic regions. They see BetCoco as their entry point into the potentially lucrative global sector, which is projected to grow to USD 154 billion by 2030.

The Rise of Big League Crypto Sports Betting

Posted on August 2, 2022August 2, 2022 by Martin S.

Even though there has been a significant slump in the value of cryptocurrencies over the course of the last few months, U.S. sports bettors are slowly but surely coming around to the idea of using digital currencies for betting purposes. As virtual currencies grow more prevalent in daily life, proponents of the change contend that it will be a key tool in keeping bettors away from the offshore market.

Many well-known sports betting organizations have recently started accepting bitcoin deposits into their users’ gaming accounts. An important element of this procedure is played by third-party payment providers.

Lots to Offer

Sports bettors will appreciate cryptocurrency’s numerous advantages over traditional forms of payment. To begin with, it has an exceptionally high level of security making it very tough to crack. It is essential for operators to ensure that this is the case so that your wagers are protected from any kind of manipulation. Bitcoin and other cryptocurrencies are also decentralized, which means they are not governed by a single entity. This makes it almost hard for anybody to take advantage of the system.

Last but not least, using cryptocurrencies is remarkably quick and affordable. It has very cheap costs and allows for almost instantaneous transaction completion. As a result, it’s an ideal choice for individuals who wish to gamble on sports without having to worry about transaction costs.

Dealing With the Concerns

Even though cryptocurrency is still in its infancy, there are already several compelling arguments suggesting that placing bets on sporting events using bitcoin might be the wave of the future. Cryptocurrency has the potential to completely change the online sports betting industry with its speedier transfers, reduced costs, and increased anonymity.

There have, of course, been some concerns. Thankfully, these are being addressed in different ways.

BGaming and Duelbits Debut Game for Crypto Casino Enthusiasts

Posted on July 2, 2022July 1, 2022 by Laura P.

Rapidly expanding iGaming content provider, BGaming has enhanced its content partnership with Duelbits. The latter is a cryptocurrency casino and sportsbook which has been making waves in the industry lately. As part of this agreement, BGaming has created a branded exclusive slot for a new generation of crypto players. Duelbits customers can look forward to top-notch gaming as the new title was created in collaboration with the casino’s team.

What the Game Offers

The Duelbits Quest slot machine is a basic five-reel, three-row slot machine that offers avid slot players a total of twenty-five paylines and a variety of exciting bonuses. We cannot also forget to mention the solid range of features that add a ton of value to the gaming experience.

The branded game blended high-quality mechanics with exciting features such as in-game jackpots, free spin games, coin respins, and the famous Buy Bonus function. BGaming developed in close coordination with the Duelbits team to match the preferences of its burgeoning crypto casino audience. That consists of young players who are knowledgeable about technology and are looking for personalized experiences.

According to Alexandr Shavel, who heads up the Business Development Department at BGaming, the concept of making individualized video games is not new. However, the solutions that the industry provided have always seemed to be difficult to implement and costly for game creators and operators. They were able to effectively overcome all of the hurdles, and they are now delivering high-quality branded games in a short amount of time while maintaining a deep degree of customization.

Since the company’s inception, Duelbits has been focused on developing innovative methods for increasing client interaction. Because of this, they are delighted to collaborate with BGaming on the introduction of this fascinating new online casino slot game that opens a new world of possibilities.

Massive Growth Ahead

Branded exclusive games are slowly becoming a mainstay in the world of online gaming. Casino operators may enhance their relationships with players and boost overall engagement and operators’ gross gaming revenue (GGR) by around 30 percent on a single title.

This notion is gaining traction among both crypto and fiat casinos. BGaming, for instance, is now producing up to three or four games each month for its clients. All these new additions are both branded and unique. The seamless integration of BGaming’s content into a cryptocurrency exchange is what makes some of these solutions stand out as being very innovative.

New York City Casino to Feature Crypto Trading Floor

Posted on June 2, 2022June 1, 2022 by Martin S.

A gaming giant and asset management firm headquartered in Las Vegas are mulling the possibility of adding more options to a multibillion-dollar casino that will be coming to the famous Manhattan skyline in New York City. The resort would have a spot for cryptocurrency trading as well as a landing pad for flying vehicles.

UE Resorts International, a partnership of Japan-based gaming technology supplier Universal Entertainment Corporation, and Jason Ader, a former Las Vegas Sands board member, had planned to submit a proposal for the casino to the local betting authority by December 10, 2021, according to an Insider.

The planned trading floor for cryptocurrencies would be the largest of its kind anywhere in the world. It would also contain a venue for events such as New York Fashion Week, the US Open, and Fleet Week. eSports stadiums are also part of the plans.

Trading or Wagering?

Crypto-based casino games were intended to be only one part of a broader entertainment strategy that featured other intriguing elements, according to Ader. The suggestion to establish a trading floor also resonates with the argument over whether trading digital currency is an investment or mere gambling.

“Mirai,” which means “future” in Japanese, was selected as the casino’s name. This lines up quite well with the futuristic plans that the developers have for the property. A $3 billion budget was initially set for the project. However, this might change depending on where all the proposed plans end up. Even the location itself could change.

Can It Work?

If you are simply jumping into the cryptocurrency market without a plan or strategy, you are almost certainly doomed to fail. Cryptocurrency experts fear that many of the alternatives on the market may evaporate within a few years, leaving investors with little to show for their money.

However, if you put in the time and effort, you may be like Bitcoin and watch your investment soar, just like that. Or, even better, you’ll be a pioneer in a wild new future when crypto replaces conventional money within a few years. Because of this, cryptocurrency is gaining in popularity.

This is likely what the New York casino investors are aiming for. The market is still in its nascent stages, especially with regard to mainstream adoption. Early investors and adopters here have a real shot at starting something big. The only question is whether or not they are willing to live with the eventual outcomes.

Bitcoza Debuts World’s First Charity Bitcoin Casino

Posted on March 2, 2022March 1, 2022 by Laura P.

Crypto charities are not an exactly new concept but the idea of a Bitcoin charity had not come up until recently. Bitcoza, a fast-rising operator in the world of crypto has recently launched what it claims is the first charity Bitcoin online casino on the planet.

According to the creators and operators of the platform, Bitcoza is aimed at offering players a fun gaming environment while at the same time giving them a chance to contribute to initiatives aimed at making communities. Better. So, in addition to being a profitable entertainment spot, the platform has an interest in assisting in the protection of endangered species.

This will be achieved by the company donating up to a whopping 50 percent of its revenue to charitable campaigns. As mentioned, the key focus of the charity efforts is endangered species so we expect to see a bias in that regard.

One of the current initiatives that the company is currently pursuing with its top-level VIP program involves saving the endangered Pinta Island Tortoise. The Pinta Island Tortoise which is currently at the Galapagos National Park and Conservancy is the only of its kind left in the world. In addition to that, Bitcoza has also been offering support to the World Wide Fund For Nature and the International Fund for Animal Welfare.

More About Bitcoza

Since its launch in the Spring of 2021, Bitcoza has built up quite a reputation. To begin with, it is a licensed and regulated gaming site. It has a license from the jurisdiction of Curacao. Players are therefore assured of fairness and safety. The operator also plans to take this a notch higher by rolling out a set of responsible gambling tools. These are going to come in handy for tracking spending and playing responsibly.

While its charity initiatives specifically reference Bitcoin, the iGaming site accepts several other digital currencies as payment methods. These include Bitcoin Cash, Ethereum, Dogecoin, Litecoin, Dai, and USD Coin. Increasingly popular crypto tokens are also eventually bound to find their way onto the platform.

When it comes to the games, Bitcoza has a pretty solid selection of titles too. Among its popular titles are blackjack, poker, baccarat, lotteries, slots, and roulette. One of the most notable things about the platform is the fact that its bonus schemes could net players up to a whopping $22,000 in bonuses. To make it even better, these bonuses are not accompanied by any wagering requirements should players choose to withdraw them.

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