Step into the future of crypto payment processing with CoinPayments, an unrivalled leader in the dynamic iGaming market.
“Customer Due Diligens – is one of the main requirements. It entails knowing of your customer, so many procedures need to be followed to understand the risks assosiated with customers and verify the customers identity as a starting point.” – said Tracy Cauchi, the official
representative of the MGA at the last webinar.
MGA or Malta Gaming Authority is rightfully the most respected licensee in the iGaming industry. This organization can also be called the capital of legal gambling, since it was Malta in 2004 that became the first state in the European Union that was able to legalize online gambling.
Cryptocurrency, a subject that has fascinated the world over the last decade, has seen Bitcoin rise to become the most well-known digital asset globally. Despite this, there are still plenty of questions in this field that make people hesitate or leave this huge potential untapped. Among these questions is what makes cryptocurrency go up? What drives the price of these digital assets?
The factors that can influence the price of a cryptocurrency are, in fact, multiple and complex. In this article, we will explore the most significant factors that can impact the price of a cryptocurrency. Whether it is market demand or supply limitations, we will dive into some of the key factors that can influence the value of cryptocurrency.
Undoubtedly, Bitcoin is the most renowned and extensively utilized digital currency across the globe. Its wide acceptance and booming success have caused the overall crypto market to expand, attracting numerous individuals and organizations to invest in this revolutionary financial technology. However, just like any financial market, there is a possibility of a market crash. Lately, apprehensions regarding a potential Bitcoin downfall have surfaced, raising questions about how it could impact the entire crypto industry.
In this article, we will explore the risks and consequences of a potential Bitcoin collapse, focusing on the effects it could have on the broader crypto industry. We will examine the factors that could contribute to such collapse, including market forces, regulatory changes, and technological vulnerabilities. Additionally, we will analyze the potential fallout of a collapse, including its impact on crypto investors and the broader financial system.
The world of Artificial Intelligence (AI) has brought about many advancements and innovations, transforming industries and making our lives easier. From self-driving cars to virtual assistants, AI has made significant contributions to society. However, as much as it has brought several benefits to various industries, it has also posed new challenges and ethical concerns, particularly in the gambling industry.
Gambling and AI have been closely linked for a while now, with casinos and sports betting platforms utilizing it to analyze data and provide more accurate odds. However, as AI continues to advance, its use in gambling has taken a more nefarious turn. Take ChatGPT, an AI-powered conversational model that can be utilized for gambling. And in this article, we will delve into the darker side of AI in the gambling industry.
The gambling industry has experienced significant development over the past few decades. From traditional brick-and-mortar casinos to online platforms, the industry has diversified and grown in terms of revenue and reach. Over the years, we’ve seen multiple innovative concepts, such as AR/VR gambling, social gambling, the introduction of high volatility and skill-based games. But one of the most interesting trends, which is currently on the rise, is the adoption of crypto staking mechanics by the iGaming platforms.
You often ask us how to create your own crypto casino and we used to answer that this is a rather complicated process, but there are many products and services in the world that can simplify this flexibility. Today we have collected information about one of them and will get acquainted with the Slotegrator company.
Slotegrator was launched in 2012. During these 11 years, the company has hired more than 300 employees, gained a lot of valuable experience and entered into many strategic partnerships. They regularly take part in all popular gambling events. You can always find their booth at such major exhibitions as Sigma, iGB, ICE365.
BetDex has finally been formalized and is now the first fully licensed betting exchange on the blockchain. Congratulations to all crypto gambling fans, we have been waiting for this. There was also an interesting interview with former MGA CEO Mario Galea. Well, the news from Asia, for some reason, has only recently been scaring us. In Japan, you can sit down for three years for online gambling. Read more about this and other news about online gambling in our digest.
Today’s gambling news is tough, literally. Indonesian government cracks down on people linked to online casinos. At the same time, in America, the creators of stake.com, which are our good partners, sued their ex-partner. The amount of the claim is 580 million. But that’s later, we’ll start with our other good friend – GPWA. Fortunately, this is not directly related to them, but on their forum about online gambling, one of the affiliates of the Genesis Affiliates affiliate program published a post with accusations of not paying commission.
Genesis Affiliates doesn’t pay the debt of 409 thousand euros to the affiliate
On the GPWA forum, one of the affiliates of the “Genesis Affiliates” affiliate program posted a post claiming that the company has been ignoring payout requests for the fourth month. During this time, the debt amounted to 409 thousand euros.
“We tried our best to establish contact and conduct productive cooperation. After the traffic stopped, they started demanding personal documents. Lawyers from the side of Genesis could not answer what documents are required if KYC has already been passed. As a result, we made a compromise and sent all the necessary documents in the hope of resolving this situation. However, Genesis has stopped responding and has been ignoring our requests for a long time,” the employee says. The reasons for the delay are still unknown.
In today’s digest: Flutter Entertainment and 888 Holdings reported earnings from gambling activities for the first half of 2023; Catena Media signs a media agreement with NJ.com Advance Local, their first major media project after joining the USA casino market; The date and venue of the iGaming SiGMA Balkans & CIS conference has been announced there will be the main representatives of online casino and sport betting world. Let’s start our news digest about gambling in Peru:
Peru signs law regulating online gambling
Peruvian President Pedro Castillo has signed a law regulating online gambling. The Ministry of Foreign Trade and Tourism (Mincetur) will act as the body that will control online gambling and betting. “Peru is imposing a 12% tax on net income from online gambling and betting, which will result in an annual government collection of $40 million,” the president said. At the same time, 40% of this amount will be allocated for the development of tourism, 20% – for strengthening mental health and caring for the affected population, another 20% will go to the state. treasury. Earlier on the topic, it became known that Vietnam also proposed to legalize sports betting, but the relevant law has not yet been adopted.