What Would Cause Bitcoin Collapse

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.
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The Dark Side of ChatGPT: How to Use AI in Gambling?

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.
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High Stakes and Low Risks: What is Staking and How It Revolutionizes 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.
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Slotegrator gambling platform – launching a crypto casino is getting easier

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 crypto casino

Slotegrator gambling platform


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.
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First fully licensed betting exchange on the blockchain and Mario Galea Interview

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.

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World Showdowns and Microbets in Online Gambling

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.
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Some news about sport, eSports and gambling

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.

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Why bitcoin price drop today?

Bitcoin’s price surpassed $19,000, while Ethereum dropped below $1,000 (2022 June 15). This extended the crypto bear market to new lows. Bitcoin fell nearly 10% in 24 hours. This is on top of a string of losses that have been sustained over the past months. Bitcoin is now at $20,000, more than 70% below its November 2020 high of $68,000 per coin. Since that peak, Bitcoin’s value was lost $900 billion.

The so-called crypto winter is also affecting on Ethereum. The second-largest cryptocurrency token fell 10% to $975 on Saturday, marking its lowest level since January 2021. From its record-breaking November high, the coin has lost 80%. The huge crypto meltdown is part of a larger market downturn caused by rising inflation, rising interest rates, and war in Ukraine.
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Taxes for casinos and sport betting in New York are extremely high, but not only in New York

There is nothing unusual in today’s gambling digest. The main of them: Bet365 has agreed to cooperate with Pragmatic Play; GambleAware gives $4.88 million to confessing gambling addiction, more than half of online operators in Asia operate illegally, and perhaps the biggest news: BetMGM cutting staff and investments in New York due to high taxes. It looks like the online bitcoin sports betting market is going to change.

Bet365 became a partner of Pragmatic Playbet 365

Major gambling operator Bet365 has entered into a partnership agreement with online casino game provider Pragmatic Play. Bet365 will have access to games like Gates of Olympus and Wolf Gold, as well as the latest versions of Drill That Gold and Chicken Chase.

GambleAware allocates $4.88M to Gambling Harm Research Center

A Center for Gambling Harm Research has opened at the University of Bristol, which will study problems of gambling addiction in Britain. Charity GambleAware donated £4m to launch the project. More than 1.4 million people in the UK are reported to be addicted to gambling.
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Borderless bitcoin gambling: VPN top picks for 2023

It is no secret that Internet users leave digital footprints when online surfing. Traces of data that are left behind, then can be used without a user’s consent. Geo-blocking is a perfect example of that: bitcoin casinos can deny access for users based on the origin of their IP address. To guard your privacy on the web, there’s a special online service – virtual private network, or VPN for short. When it comes to bitcoin gambling, VPN is an especially handy online service that helps bypass restrictions and limitations by establishing a protected network connection that disguises data traffic and user’s real location. To avoid the frustration of being unable to play their favorite casino games for real money, players need to get a suitable VPN for BTC gambling on their own terms.
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