Matt Hougan, the Chief Investment Officer of Bitwise, sees a transformative shift in the crypto landscape, enhancing the potential for significant gains In a recent blog post, Hougan asserts that the digital asset industry remains "not bullish enough," despite growing interest from blue-chip companies and governments He emphasizes that what was..

Tether, the issuer of USDT, announced an impressive net profit of $13 billion for Q2 2024, adding to the $45 billion earned in Q1, marking a new financial milestone for the company Tether’s second quarterly attestation revealed a total net profit of $52 billion for the first half of 2024 BDO, an independent accounting firm, provided assurance..

The metaverse division of Mark Zuckerberg's Meta Platforms, Reality Labs, is still losing a lot of money Reality Labs has lost around $60 billion since 2019 The company announced a $45 billion loss for the second quarter of this year Meta is steadfast in its commitment to realizing its metaverse vision in spite of these obstacles During the..

Pennsylvania's land-based casinos have appealed to the state's highest court, requesting either the same tax rate for skill games as slot machines or a declaration of the current tax structure as unconstitutional Casinos in the state currently pay a tax rate of 48% to 54% on slot machine revenue Skill games, which have become popular rivals to..

In a recent CNBC interview, Goldman Sachs CEO David Solomon addressed his position on bitcoin, clarifying past skepticism and reflecting on the digital currency's growing significance Despite acknowledging bitcoin's inherent volatility and speculative nature, Solomon emphasized he has never doubted bitcoin's potential longevity Clarifying..

The state-run gambling regulator, Philippine Amusement and gambling Corp (Pagcor), has released its financial results for the first half of 2024 In comparison to the same period last year, Pagcor's total expenses increased by 268 percent to PHP1564 billion (US$2667 million), according to a recent statement that was released on their..

Revenue for the second quarter of 2024 was $105 billion, according to the financial statistics released by International Game Technology (IGT) The $106 billion recorded during the same period of previous year and this amount are almost equal Nevertheless, IGT experienced a decrease in operating income, which decreased from $251 million to $230..

Caesars Entertainment has disclosed its financial results for the 2024 second quarter, which show a significant decline in net profits In sharp contrast to the $920 million net income reported during the same period previous year, the corporation posted a loss of $122 million The primary cause of this reduction is the $940 million release of..

Nader Al-Naji, the creator of BitClout, is accused by the US Securities and Exchange Commission (SEC) of fraud and breaking federal securities laws Al-Naji is accused in the lawsuit of providing unregistered securities using BTCLT tokens connected to the BitClout platform The case was submitted to the US District Court for the Southern District of..

In the direction of regulating internet casinos, the government of New Zealand has made a substantial move The objectives of this new strategy are to reduce harm, improve tax collection, and guarantee strong consumer safeguards for players in New Zealand As to Minister of Internal Affairs Brooke van Velden's statement, unlicensed operators will be..

Despite having a negative EBITDA, well-known sportsbook and iGaming operator BetMGM has disclosed its financial results for the first half of 2024, showing remarkable revenue growth BetMGM had a 6% year-over-year growth in revenue in the first half of 2024, totaling $1 billion Net revenue increased 9% in the second quarter of 2024 compared to..

Bally's Interactive has been approved by the Maryland Lottery and Gaming Control Commission (MLGCC) to begin offering online sports betting in the state This is Bally's Interactive's eighth US market entry Bally's Interactive demonstrated the technological power of the platform to the commission last week by showcasing the Bally Bet brand..

The co-founder of the cryptocurrency exchange Gemini, Tyler Winklevoss, has sent a strong warning to the Biden-Harris administration He asserts that there are not many months left to undo the harm done to the digital assets sector Before November's election, Winklevoss said in a recent post on the social media platform X that Kamala Harris, the..

Manchester City and Betway, a well-known international online gaming and betting company, have announced an intriguing new partnership Beginning with the 2024–2025 season, Betway will serve as Manchester City's official global betting partner under the terms of this multi-year partnership During the Club's preseason tour of the United States,..

Four out of Macau's six casino operators are exploring investment opportunities in Thailand, according to a Monday report from brokerage CLSA Ltd With Thailand considering the legalization of casinos, this move could open new revenue streams for these gaming giants CLSA projects that Thailand's casino industry could generate annual gross gaming..

A bogus memorandum circulating that erroneously asserts local government units (LGUs) must immediately suspend the operations of offshore online gambling enterprises has drawn the wrath of the Philippine Amusement and gambling Corporation (Pagcor) This document was declared "fake" by Pagcor in a formal statement on Saturday The scenario was..

Premier League teams have pledged to do away with front-of-shirt gambling sponsorships prior to the 2026–2027 campaign However, several clubs have continued to strengthen their relationships with betting organizations in spite of the imminent prohibition A number of teams have taken advantage of the current limitations by securing high-profile..

Recent research highlights a significant rise in online gambling among Australians, with many venturing into “risky” behaviors The Australian National University's Centre for Gambling Research has reported continued high levels of gambling since the pandemic's peak Dr Aino Suomi, Director of the Gambling Research Centre, noted that..

The Nevada Gaming Control Board (NGCB) has issued a cease-and-desist order to Playgon Interactive and its affiliate, Bitrate Productions NGCB Chairman Kirk Hendrick signed the order, citing that "Bitrate is using live dealers in Las Vegas to deal games such as baccarat and roulette and broadcasts the content to online casinos located around the..

At the Bitcoin 2024 conference in Nashville, Michael Saylor, the founder and executive chairman of MicroStrategy, notorious Bitcoin bull and known for his 21 rules of Bitcoin, made a wild prediction that Bitcoin (BTC) will surge over 19,000% in the next two decades Saylor presented his ambitious long-term plan for Bitcoin to a receptive crowd,..