Blockchain-based decentralized application (DApp) platform Tron pushed to remove gambling DApps in the Japanese market to comply with local regulations, according to a press release published on March 31. Per the statement, the company intends to adhere to local laws and regulations in the countries it works in. Therefore, the firm has decided to support gambling restrictions for Japan-based users through a series of recommendations for developers, as gambling is generally prohibited by the Japanese criminal code. In order to remove gamblings DApps from the Japanese market, Tron suggests that Japanese DApp developers not launch any such apps on the …
A Scottish hospital is treating people who are addicted to trading cryptocurrencies in the UK’s first ever ‘crypto clinic,’ the Evening Standard reported today, May 28. Castle Craig Hospital in Peeblesshire, the Scottish Borders, has created a course of residential treatment for those it deems to be crypto addicts. Experts told the Evening Standard that crypto trading can become a form of behavioural addiction, with traders obsessively glued to “minute-by-minute” market fluctuations. The devised treatment program is therefore closer to existing methods for treating gambling addictions, rather than to substance abuse programs. Chris Burn, a gambling therapist at Castle Craig …
The growing adoption of Blockchain technology has been disrupting a number of industries, including financial services, data management, healthcare, agriculture, supply chain, gambling, gaming, public services, music, airline ticketing and many more. Several companies are already piloting the technology to facilitate and improve the transparency of their transactions. One of these companies is the American retail giant Walmart, which recently launched a project to test the technology for supply chain management. The initiative aims to leverage distributed ledger technology to monitor and trace pork sourced from China and sold in the US. The use of Blockchain in the remittance industry …
Participate in WaggaWagga Opening Tournament - RIGHT NOW! While video & online games are making first small steps towards Bitcoin, gambling is already there. Cointelegraph looks into why cryptocurrency payment systems are still underdeveloped. Bitcoin as part of online gaming ecosystem The talks started in 2011. Back then, entrepreneur Calvin Ayre published a list of his own predictions for online gaming industry in 2012. One of them was about Bitcoin. It said: “Someone is going to figure out how to make this work and when they do, all the anti-gambling, over-regulating authoritarian governments will be exposed as emperors without clothes.” …
MGA (Malta Gaming Authority) and other gaming regulators will possibly recognize Bitcoin in 2016. That step will help popularize Bitcoin among both online casinos and gamers. It will also attract to Bitcoin casinos that use fiat money. The Bitcoin online gambling market will continue developing in 2016. Bitcoin casinos are working hard to make their clients’ experience even more pleasant and exciting. For example, NASCasino.com now offers provably fair games and they are able to redirect savings on processing fees / fraud into player bonuses and marketing. Casino representative, Stephen Turk, told Cointelegraph: “I think bitcoin casinos are beginning to …