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

Genesis Digital Assets Turns Bitcoin Mining Waste into Sustainable Heat in Sweden

Using surplus heat from its bitcoin mining data centers, Genesis Digital Assets Limited (GDA) has started a novel operation in Norsjö, Sweden, which involves heating a nearby garage The goal of this collaboration with the Swedish business Muttern Fastigheter is to raise industry standards for sustainability and energy efficiency With 20 data..
2 years ago

Ripple Introduces New Dollar-Pegged Stablecoin on XRP Ledger and Ethereum

San Francisco-based payments company Ripple has unveiled a new webpage detailing its upcoming stablecoin, Ripple USD (RLUSD) This stablecoin will be pegged to the US dollar and issued on both the XRP Ledger and the Ethereum blockchain Ripple states that RLUSD will be fully backed by cash and cash equivalents, ensuring it is redeemable on a 1:1..
2 years ago

Binance Faces $86M GST Bill from Indian Authorities

The Directorate General of GST Intelligence (DGGI) in Ahmedabad, India, has served Binance with a show-cause notice, requesting unpaid goods and services tax (GST) of INR 722 crores ($86 million USD) Allegations that Binance collected fees from Indian users without complying with the GST registration rules have prompted this move Binance has..
2 years ago

New Jersey Orders bet365 to Pay Over $500K for Unapproved Odds Changes

The New Jersey Division of Gaming Enforcement (DGE) has mandated that bet365 compensate bettors more than $500,000 following unauthorized changes to its wagering odds This decision arose after the DGE discovered that bet365 had altered odds for multiple wagers without obtaining necessary regulatory consent, despite the original odds being..
2 years ago

PrizePicks Appoints Mike Ybarra as New CEO Amid Leadership Transition

Mike Ybarra has assumed the role of CEO of PrizePicks, a significant change in the company's leadership that is effective immediately Ybarra will also be joining the PrizePicks Board Ybarra was the President of Blizzard Entertainment before He succeeds Adam Wexler, the founder and former CEO of the company, who will now serve as Executive..
2 years ago

Lawmakers Target Polymarket in Effort to Ban Election Betting

A group of lawmakers, including Senators Richard Blumenthal, Chris Van Hollen, Elizabeth Warren, and Sheldon Whitehouse, along with Representatives Eleanor Holmes Norton, Jamie Raskin, and John Sarbanes, have raised concerns about the impact of election betting on public trust in democracy In a letter to CFTC Chairman Rostin Behnam, the..
2 years ago

Bitcoin ETF Trading Volume Soars During Crypto Market Turmoil

Over the weekend, the bitcoin market experienced considerable volatility In spite of this, Bitcoin ETFs experienced historically high trading volumes, indicating that big financial institutions are still interested After the opening bell on Monday, August 5, Bitcoin ETFs saw a tremendous $13 billion in trading volume in just 20 minutes Within..
2 years ago

How Legal Sports Betting is Affecting Credit Scores and Bankruptcy Rates

Recent research on the effects of legalized sports betting in the US has revealed alarming results, according to a white paper from the Anderson School of Management at UCLA and the Marshall School of Business at the University of Southern California Easy access to sports betting has a negative impact on consumers' financial health, according to..
2 years ago

Major Tech Players Eye India’s CBDC Pilot, Including Amazon and Google

Top US tech companies like Amazon and Google are keen to join India's central bank digital currency (CBDC) pilot The Reserve Bank of India (RBI) has recently opened its digital currency initiative to non-bank payment firms Sources from Reuters indicate that AmazonPay, GooglePay, and Walmart-backed PhonePe have shown interest in facilitating..
2 years ago

Ohio Sports Betting Handle Soars 46% Compared to Last Year

The state of Ohio's sports betting industry is still booming, surpassing the summer heat of 2024 The state's betting industry is still thriving despite a periodic downturn $5306 million was wagered by Ohio gamblers, according to a June report from the Ohio Lottery and the Ohio Casino Control Commission This data shows a significant 46% gain..
2 years ago

Bitcoin and Crypto Market Sees $800M Liquidated During Global Sell-Off

A sharp decline in the Japanese stock market at the beginning of the week led to an asset sell-off globally Bitcoin and other cryptocurrencies have plummeted as a result of the Bank of Japan's decision to tighten monetary policy, as well as a worsening US economic outlook and rising tensions in the Middle East As at the time of publishing,..
2 years ago

Trillion-Dollar Platinum Coin Discussed by Top US Officials

Recently released government documents confirm that high-level discussions have taken place within the US government about creating a trillion-dollar platinum coin This idea, proposed as a solution to manage the debt ceiling and avoid default, has been a topic of debate for years The trillion-dollar platinum coin concept has been suggested as a..
2 years ago

Bowyer to Plead Guilty After Taking Bets from 700+ Clients Including Ohtani’s Former Interpreter

Matthew Bowyer has agreed to plead guilty to running an illegal gambling business The Southern California bookmaker is set to face the court on August 9, following a recent report from the Associated Press US authorities announced that Bowyer accepted thousands of wagers from nearly 700 clients Among them was Ippei Mizuhara, former interpreter..
2 years ago

MicroStrategy Plans $2B Fundraising for Bitcoin Acquisition

The biggest Bitcoin holder in the open, MicroStrategy, is stepping up its cryptocurrency investing approach In a regulatory filing with the US Securities and Exchange Commission, the business announced on August 1 that it intended to sell its class A shares in order to raise $2 billion The Virginia-based corporation says it would put the money..
2 years ago

Bybit to Halt Services in France Due to Regulatory Shifts

Bybit, a leading cryptocurrency exchange, announced it will stop its services for French users, citing recent regulatory developments The decision impacts all Bybit accounts in France, transitioning them to a "Close-Only" mode, which prevents users from opening new positions or purchasing products Starting August 2, Bybit will implement..
2 years ago

ESMA Issues Guidance on Crypto Firms’ Compliance with MiCA

In an effort to assist cryptocurrency companies in navigating the Markets in Crypto Assets (MiCA) regulations, particularly when interacting with foreign enterprises, the European Securities and Markets Authority (ESMA) published new guidance on Wednesday The goal of the guidelines is to stop unregistered businesses from contacting EU clients in..
2 years ago

CleanSpark Expands Bitcoin Mining Operations with New Wyoming Site

As America's Bitcoin Miner®, CleanSpark Inc (Nasdaq: CLSK) has acquired its first Bitcoin mining site in Wyoming and secured 75 MW of power contracts, indicating big development intentions Once it is operational, CleanSpark's hashrate is estimated to increase by more than 2 exahashes per second (EH/s) at this new site in Cheyenne, which has an..
2 years ago

Riot Platforms Faces Soaring Costs and Increased Losses in Q2 2024

For the second quarter of 2024, Riot Platforms (RIOT), a well-known Bitcoin mining company with headquarters in Castle Rock, Colorado, announced a notable rise in losses Comparing the same period previous year, the company's net loss more than tripled to $844 million, or $032 per share A 48% increase in general operating expenses is mostly to..
2 years ago

Carl Brincat Joins LeoVegas as Director of Policy and Regulatory Affairs

Carl Brincat has been named by LeoVegas as its new Director of Policy and Regulatory Affairs Former CEO of the Malta Gaming Authority (MGA) Brincat will take over in August and be based out of LeoVegas' offices in Sliema, Malta He will answer directly to Chief Legal and Compliance Officer Abby Cosgrave of the corporation As LeoVegas expands..
2 years ago

Underdog Fantasy Teams Up with Bill Belichick for Exclusive NFL Show

On its media network, Underdog Fantasy is preparing to debut an unprecedented NFL-focused program presented by eight-time Super Bowl champion coach Bill Belichick This new show will give viewers an intimate look at the NFL through the eyes of one of the greatest brains in sports history It is Belichick's first endeavor into show creation The..
2 years ago
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