Daniel Li

Daniel Li

iGaming.org Writer Crypto/Sports
A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.

EXPERTISE

  • Crypto
  • Trading
  • Sports Betting

Daniel's latest articles

Aptos Partners with Jambo to Debut $99 ‘JamboPhone’ Crypto Smartphone

Aptos has entered the crypto smartphone market by partnering with Jambo to launch the JamboPhone, a budget-friendly device priced at $99 This smartphone is geared towards users in Africa, Southeast Asia, and Latin America, with the goal of making the digital economy more accessible through its Web3 capabilities The JamboPhone, which hit the..
2 years ago

Coinbase Q4 Earnings Exceed Expectations by Turning a Profit

As announced by the exchange on Thursday, the fourth quarter of 2023, Coinbase was good for a net revenue of $905 million This figure not only marks a 452% increase from the third quarter but also surpasses the expectations of analysts, who had forecasted a revenue of $825 million for the period The final quarter of 2023 proved to be..
2 years ago

Penn Sees Q4 Losses in Tandem with ESPN Bet Sportsbook Launch

Penn Entertainment reported a substantial net loss of $3588 million in the fourth quarter of 2023, coinciding with the launch of its ESPN Bet sportsbook This new venture, part of a $15 billion deal with Disney-owned ESPN, made its debut across 17 states on November 15 The Interactive segment of Penn, covering ESPN Bet, brought in revenues of..
2 years ago

Ethiopia Partners with Hong Kong Firm for $250 Million Data Project

The Ethiopian government's investment arm has inked a significant agreement with a Hong Kong-based data center firm, marking a major move into the realms of data mining and artificial intelligence The deal, valued at $250 million, involves collaboration with Data Center Service, a branch of the West Data Group, and was officially announced last..
2 years ago

Advocacy Groups Seek SEC Rule Changes for Bank Crypto Holdings

A collective of financial advocacy groups is pushing for the Securities and Exchange Commission (SEC) to revise the existing accounting standards that presently put a strain on American banks handling cryptocurrencies on behalf of their customers This initiative is backed by bipartisan support from members of Congress, who are also in favor of..
2 years ago

PrizePicks Pays $15 Million in Settlement to NYSGC

PrizePicks, a prominent daily fantasy sports platform, has settled with the New York State Gaming Commission (NYSGC), agreeing to cease its cash-based competitions in New York and to pay a settlement fee close to $15 million This amount represents the profits PrizePicks made from what were deemed interactive fantasy sports contests from June 4,..
2 years ago

Over 10,000 Financial Ads Corrected in UK Last Year

In 2023, the Financial Conduct Authority (FCA), the UK's independent financial watchdog, enforced strict measures against illegal financial promotions, with a particular focus on the cryptocurrency sector The FCA's report, released on February 14, underscored its intensive scrutiny and resultant actions in safeguarding consumers against misleading..
2 years ago

Philippines Central Bank Plans Wholesale CBDC Launch

Eli Remolona Jr, the Governor of the Central Bank of the Philippines, has announced plans to introduce a central bank digital currency (CBDC) within the next two years This forthcoming CBDC will cater primarily to the wholesale market, including banks and financial institutions, and will operate without blockchain technology, utilizing instead the..
2 years ago

Minimal Crypto Use by Hamas, US Treasury Official Testifies

Brian Nelson, the US Treasury's Undersecretary for Terrorism and Financial Intelligence, recently clarified misconceptions regarding the financing of terrorist activities by Hamas Contrary to previous reports suggesting substantial cryptocurrency funding for terrorism, Nelson indicated that the actual amount received in digital assets by such..
2 years ago

Florida Sports Betting Case Heads to Supreme Court

The battle over sports betting in Florida has escalated to the United States Supreme Court, with two pari-mutuel companies challenging a 2021 agreement that grants the Seminole Tribe exclusive rights over sports betting operations in the state This legal contest is critical, as it could shape the future of online gaming nationwide, according to..
2 years ago

Record of $185.6 Million in Bets Placed on Super Bowl in Nevada

The Super Bowl in Las Vegas smashed the betting record with Nevada's sportsbooks taking $1856 million in wagers Despite record wagers, sportsbooks saw low profits with a $68 million win percentage translating to a 37% hold The Super Bowl in Las Vegas set a new state record for betting, with Nevada's sportsbooks taking in $1856 million in..
2 years ago

ESPN Bet to Launch in New York Following $25 Million Sports Betting License Deal

Penn Entertainment has finalized a deal to purchase the New York mobile sports wagering licenses from Wynn Interactive, a move that expands its presence in the US betting market This $25 million acquisition includes the takeover of WSI US, LLC from Wynn Interactive Holdings, positioning Penn Entertainment to introduce ESPN Bet in New York by 2024,..
2 years ago

Ripple Expands Regulatory Credentials with Standard Custody Purchase

Ripple is set to acquire Standard Custody and Trust Company, a firm based in New York known for its digital asset services This move is aimed at expanding Ripple's portfolio of regulatory licenses, a smart step for the company in enhancing its service offerings in the blockchain and digital asset space By purchasing Standard Custody, Ripple..
2 years ago

Changpeng Zhao’s Sentencing Date Rescheduled for Late April

The anticipated sentencing of Changpeng 'CZ' Zhao, the founder and former CEO of Binance, the world's largest cryptocurrency exchange, has been postponed to April 30th Originally set for February 23rd, the delay in proceedings has not been officially disclosed William Burke, Zhao's legal representative, declined to provide further details on the..
2 years ago

New Partnership Between DraftKings and Barstool Sports

Barstool Sports has entered into a fresh multi-year agreement with DraftKings, establishing the latter as its official sports betting partner The news was announced by Barstool's founder, David Portnoy, in a blog post right after Super Bowl LVIII on February 11 This marks a continuation of the relationship between the two entities, as they had..
2 years ago

Bybit Launches Crypto Card in Australia

Bybit, a leading global cryptocurrency exchange, has expanded its offerings to Australia with the introduction of the Bybit Crypto Card, in partnership with Mastercard This innovative card allows users to directly use their cryptocurrency holdings for everyday transactions by converting them into fiat currency Aimed at enhancing the convenience..
2 years ago

Franklin Templeton Steps Into Ethereum ETF Arena

Franklin Templeton recently submitted an application for an ether ETF, signaling their entry into the growing market of financial products linked to cryptocurrencies This application comes on the heels of the SEC's green light for Bitcoin ETFs in January, positioning Franklin Templeton among the first wave of firms to offer such an investment..
2 years ago

Super Bowl Spurs Record Sign-Ups for Legal Betting in US

In the lead-up to this year's Super Bowl, the legal online betting industry witnessed a significant surge in user engagement, with nearly 2 million new users registering for betting accounts GeoComply, a leader in geolocation security services, reported a notable 223% increase in geolocation verification checks during the Super Bowl weekend,..
2 years ago

Overtime Victory for Chiefs Spells Loss for Sportsbooks

The Kansas City Chiefs' victory in Super Bowl LVIII came as a shock to many sportsbooks nationwide, especially after an intense game that went into overtime against the San Francisco 49ers Despite the odds favoring the 49ers, the Chiefs, led by quarterback Patrick Mahomes, clinched a 25-22 win, delivering unexpected losses to many betting..
2 years ago

Kraken and Crypto Firms Pass on Super Bowl Ads

Kraken and other top cryptocurrency companies chose not to purchase advertising spots at Super Bowl LVIII, as reported by Fox Business This decision indicates a change in how these firms plan to reach future crypto enthusiasts Kraken's Chief Marketing Officer, Mayur Gupta, shed light on their reasoning He mentioned the Super Bowl's focus on the..
2 years ago
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