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Bitcoin Rise In Online Gambling (Infographic)

George Miller



Reading Time: 1 minute

Bitcoin’s origins are no longer shrouded in a veil and for better or for worse, people started mining the blocks in pursuit of precious yields. Based on a proof of work concept of ownership, mining Bitcoin was and still is a power-hungry process. One that nonetheless has made its way into the mainstream, including casinos. The online gambling infographic (below) takes a fascinating look at how and why it rose so quickly.” – Aaron Decker,

Bitcoin Rise In Online Gambling

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Israel to monitor cryptocurrency-based online-gambling banking transactions

Niji Ng




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Reading Time: 2 minutes

Israel has is all set to introduce new rules that will nudge banks into stricter monitoring of cryptocurrency transactions, especially those related to online gambling.

Israel’s Money Laundering and Terror Financing Prohibition Authority, a part of the Ministry of Justice, offered an initial version of the new legislation for public scrutiny.  The public can comment on the draft legislation until June 13. The draft lists a number of types of cryptocurrency transactions “that may appear to be unusual.” It also stipulates which of the Israeli financial institutions must monitor and report such doubtful transactions. Israel’s cryptocurrency trading platforms are included in the list.

Among these potentially “unusual” transactions are the “transfer of virtual currencies to online gambling platforms and sites.” Online gambling is strictly forbidden in Israel, despite the country being a popular base for online gambling companies to base their technology and support staff.

There are 36 other “unusual” crypto activities cited in the draft, including any individual transfer to a digital wallet over NIS5k (US$1,400), a ludicrously low threshold. Even the trust-free zone that is the United States sets the threshold for suspicious transaction reports at $10k.

Attempts to split up a transfer to get under the NIS5k threshold, described as a “sequence of actions of the same service recipient whose purpose appears to be to circumvent the reporting requirement,” will raise similar red flags.

Financial entities will also have to keep five years’ worth of records on their customers’ crypto activity, including their digital wallet addresses, IP addresses, and all details of their transaction history. The use of anonymous currencies such as Zcash and Monero will remain forbidden.

As draconian as the new rules might be, they will provide some badly needed clarity to Israel’s crypto sector and some measure of assurance that financial institutions are acting within the law in processing crypto transactions. Israeli banks have been skittish about dealing with crypto, even in the face of court orders preventing banks from closing crypto business accounts.



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Bitcoin pays out biggest cashout bet in its history

George Miller


on pays out biggest cashout bet in its history
Reading Time: 2 minutes

Lucky punter wins 10 Bitcoin jackpot (€65,000) from tennis multiple


May, 2018 –, the leading Bitcoin-led sportsbook, has made history by swiftly paying out a whopping 10 Bitcoin (€65,000) via its new cashout feature.

The lucky player picked out a 10-leg tennis multiple, of which the first nine won. It was only during the final match involving Stan Wawrinka that the punter made the decision to cashout early.

It proved to be a wise move as Wawrinka went on to lose the match 6-4 6-0, while the player became’s biggest ever cashout-winner. The player’s winnings were paid out before the final match had finished.

The punter, a tennis enthusiast, said: “This multibet was huge luck as it is never easy to hit 10 games. I bet on it as a joke, and this happened!

Thanks to the cashout option I was able to get the money before the last match which was actually losing.

Joe McCallum, Director of sportsbook at, added: “We’re proud to be able to offer such a first class fixed odds betting experience, and think it stands testament to our promise of being a fun, fast and fair operator.

The player was right to cashout and we’re certain there will be many more lucky players to come. became the first crypto sportsbook to add a cashout feature earlier this year, allowing bettors to lock-in profits, minimise losses and manage their wagers with ease.

As part of’s ‘Your Road To Glory’ World Cup 2018 offering, cashout plus a range of premium, innovative features will be made readily available to all those betting in the crypto sportsbook’s World Cup Centre.




Founded in 2016 as part of the Coingaming Group, is a leading bitcoin-led sportsbook operator. has an expansive, quality betting product across all major sports and eSports, offering more than 350,000 pre-match events per year, as well as comprehensive in-play content. It also provides innovative markets such as player prop bets for soccer, American football and basketball, and is the only bitcoin-led sportsbook to provide live streaming across all major sports. prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry.

For more information about, please visit

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Bitcoin integrates ground-breaking fiat-to-Bitcoin currency converter

George Miller


on integrates ground-breaking fiat-to-Bitcoin currency converter
Reading Time: 2 minutes

Another industry-first for the pioneering online Bitcoin casino innovators


16th May, 2018 – Leading licensed Bitcoin casino,, has formed an industry-first partnership with Block Tech to host BTCXE, a fiat-to-Bitcoin currency converter.

Reflective of both Bitcasino’s innovative ideals of keeping the customer at the centre of the universe and disrupting the industry, the pioneering move further simplifies depositing while also welcomes customers using credit and debit cards.

By offering bettors BTCXE’s fiat-to-Bitcoin exchange service, those new to crypto-gambling are given a simple, fast, safe and secure entrance to the industry’s leading Bitcoin casino.

In line with Bitcasino’s values, BTCXE operates transparently while also placing a large focus on protecting players’ security.

The feature uses the iSignthis platform and abides by industry best practice AML and KYC procedures, while the processing fee is kept at a consistent rate of 1.95% of an amount in fiat currency.

Tauri Tiitsaar, Head of Casino at said: “The popularity of cryptocurrencies continues to grow therefore it’s now more important than ever for us to find ways to make playing easier for customers.

Industry-first partnerships like this one with BTCXE not only offer something unique to our loyal players while also attracting new ones but helps us to stay ahead of the curve.

A spokesperson from BTCXE added:The popularity of cryptocurrency gambling continues to rise in stock by the day and we are delighted to partner with industry frontrunners and

Our software offers a simple solution that allows everyone form cryptocurrency novices to experts enjoy both platforms and we are 100% confident the benefits will be clear to see for both parties.

Following BTCXE’s successful casino debut Bitcasino’s operator, The Coingaming Group, rolled-out the exchange to sports fans betting with BTCXE will also be a prominent addition to an already impressive line-up of new features planned for’s World Cup Centre.


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