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

Gemini to Close All Canadian Accounts by End of 2024

By the end of 2024, Gemini, the cryptocurrency exchange that the Winklevoss twins created, plans to terminate all customer accounts in Canada The exchange recommended users in Canada to take their money out of their accounts within ninety-nine days in a message they delivered on September 30, 2024 The email sent by Gemini explained the..
2 years ago

Crypto Scam App Evades Google Play Detection, Stealing Thousands from Users

According to cybersecurity company Check Point Research, a fraudulent software on the Google Play Store has resulted in the theft of over $70,000 from gullible cryptocurrency users Under the pretext of WalletConnect, a reliable solution for connecting digital wallets to DeFi apps, the fraudulent program employed cunning strategies to stay hidden..
2 years ago

Ute Mountain Ute Tribe Files Lawsuit to Challenge Colorado Sports Betting Regulations

In Colorado, sports betting has become a significant part of the entertainment landscape since its launch in 2020 Currently, the state hosts a variety of retail and mobile betting options, catering to millions of users However, not all potential operators have been able to participate Two Tribal operators are facing hurdles in launching their..
2 years ago

China’s Former Finance Chief Labels Crypto Vital to Digital Growth

The former finance minister of China, Zhu Guangyao, recently underlined how the Chinese government should reevaluate its position on cryptocurrencies in light of global trends Speaking at a Tsinghua University-hosted seminar, Zhu emphasized the possible risks associated with cryptocurrency as well as its worldwide relevance Zhu added, "Crypto..
2 years ago

Cryptocurrency Adoption Slowly Rises in Russia

A recent survey reveals that nearly 20% of Russians have interacted with cryptocurrency, signaling a growing interest in digital assets Despite this, the majority still lack in-depth knowledge about how cryptocurrencies work The survey, conducted by a local financial marketplace and reported by TASS on September 30, 2024, sheds light on Russia’s..
2 years ago

U.S. Tax Foundation Study Highlights State Tax Differences in Sports Betting

An in-depth examination of the tax policies governing sports betting in each state is provided by a recent study by the US Tax Foundation The study notes that there are notable regional differences in the tax rates across the nation, with the Northeastern states in particular typically having much higher tax rates than the Northwest, West, and..
2 years ago

FBI Cracks Down on Southeast Asian Crypto Scams Targeting U.S. Citizens

Millions of dollars' worth of cryptocurrencies were recently taken from Southeast Asian con artists preying on American citizens by the Federal Bureau of Investigation (FBI) Because of these fraudulent schemes' false cryptocurrency investment offers, victims have lost a substantial amount of money The FBI said on social media site X that it has..
2 years ago

U.S. Spot Bitcoin ETF Market Sees New Growth With Options Trading

With the introduction of new choices for spot ETFs, the exchange-traded fund (ETF) market for Bitcoin in the United States is changing This could entice liquidity and long-term investors to the Bitcoin ecosystem Unintended effects could also result from it, such as an increase in the "paper supply" of Bitcoin, which gives investors exposure to the..
2 years ago

DraftKings agrees to $200K penalty after CEO’s social media misstep

DraftKings faces a $200,000 fine from the Securities and Exchange Commission (SEC) following a social media post by its CEO Jason Robins, DraftKings' CEO, shared business information on his personal X (formerly Twitter) and LinkedIn accounts, which triggered the penalty The SEC stated that the company violated its guidelines on fair disclosure of..
2 years ago

BNY Mellon Expands Crypto Custody for ETP Clients

BNY Mellon, one of the largest custodian banks globally, is preparing to provide custody services for bitcoin and ether to clients holding exchange-traded products (ETPs) The bank sees this as a step toward expanding its presence in the cryptocurrency market To support this, BNY Mellon plans to seek further regulatory approvals, positioning itself..
2 years ago

Altcoins May Thrive as Fed Lowers Interest Rates, Says Analyst

A well-known crypto analyst believes the digital asset market will continue to do well, even as the Federal Reserve cuts interest rates Guy Turner, the host of Coin Bureau, shared his thoughts in a recent video with his 252 million YouTube subscribers According to him, both small-cap stocks and crypto assets, especially altcoins, will likely see..
2 years ago

Sorare Faces Legal Action from UK Gambling Commission for Unlicensed Gambling

The UK Gambling Commission (UKGC) has taken legal action against Sorare, a popular crypto fantasy sports platform, accusing it of offering unlicensed gambling services in the UK Sorare will face these charges in the Birmingham Magistrates' Court on October 4 The case revolves around Sorare's business model, which allows users to buy, sell, and..
2 years ago

Bitcoin Breaks $65K for First Time Since August

Bitcoin has surged past $65,000 for the first time since early August, reigniting interest among investors, especially in US-based spot Bitcoin ETFs The cryptocurrency reached $65,400 during US morning trading on Thursday, marking a 27% increase in just 24 hours This rise in Bitcoin’s price kicked off last week when the US Federal Reserve..
2 years ago

State Assembly Pushes to Ban College Sports Betting Deals in New Jersey

New Jersey lawmakers have taken a step toward banning partnerships between public universities and sports betting companies On Monday, the Assembly Higher Education Committee unanimously passed bill A4113, which would prevent state universities, such as Rutgers, from entering into agreements with sportsbooks However, the bill allows for certain..
2 years ago

PayPal Expands Crypto Services to U.S. Business Accounts

PayPal is expanding its cryptocurrency services to US business accounts, allowing them to buy, hold, and sell digital currencies This new offering builds on the company's existing crypto services for individual users, which it has provided through PayPal and Venmo for several years According to PayPal, business clients have expressed growing..
2 years ago

Binance Assists Indian Authorities in Uncovering $47.6 Million Gaming Scam

Binance, the largest cryptocurrency exchange by trading volume, assisted India's Enforcement Directorate (ED) in apprehending four individuals in a $476 million scam as part of a significant crackdown on a fraudulent gaming operation Users were tricked by the fraud, which was centered around the Fiewin gambling software, into believing they could..
2 years ago

Freehold Raceway to Close After Nearly 200 Years of Racing History

Freehold Raceway, the oldest horse racing venue in the US, will cease operations on December 28 This closure marks the end of a nearly 200-year legacy Located in central New Jersey, the track has been a cornerstone of harness racing since its establishment in the 1830s Track officials announced the decision, citing insurmountable operational..
2 years ago

Understanding the Spectrum of Sports Betting Tax Rates Across the U.S.

The proper tax rates for gross gaming profits from sportsbooks continue to be a source of disagreement for US lawmakers The US Tax Foundation has published a comprehensive paper that delves into the various rates and their effects Although for different reasons, this research clarifies how states like New Hampshire, Rhode Island, and New York..
2 years ago

Caroline Ellison Sentenced to 2 Years for Role in FTX Fraud

Due to her role in the demise of FTX, Caroline Ellison, the former CEO of Alameda Research, was given a two-year prison sentence Ellison was also ordered to forfeit almost $11 billion by a federal judge who imposed the penalty Ellison will serve three years of supervised release after finishing her prison sentence Ellison was sentenced following..
2 years ago

Kraken Expands in Europe by Acquiring Leading Dutch Crypto Brokerage

In a significant move toward its European expansion, Kraken, a leading US-based cryptocurrency exchange, has acquired Coin Meester BV (BCM), a reputable cryptocurrency broker in the Netherlands With this action, Kraken's position in Europe is strengthened as it pursues new markets In a recent press release, Kraken stated that the acquisition of..
2 years ago
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