Tag Archives: bitcoin

LetBet aims big with online betting-focused cryptocurrency

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Belize-based firm LetBet is the latest to offer a cryptocurrency aimed specifically at online gambling. Entitled LBT, the new blockchain-powered currency has been touted as a solution to the delayed payout systems of traditional gambling sites, as well as a way to remove the third party element. Online platforms such as LetBet are attempting to usher in the transition from …

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Coingaming bolsters operations with senior appointment hires

The Coingaming Group, which operates popular bitcoin-led betting brands including Bitcasino.io and Sportsbet.io, has made a series of senior appointments to bolster its marketing and sportsbook teams. Olga Kikas and Ralph Clark have been appointed as Head of Marketing and Head of Business Intelligence respectively across the wider Coingaming Group. Under the Sportsbet.io brand, Dominic Hardcastle has been hired as …

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Richard Walsh – Sportsbet.io – Bitcoin makes mainstream move

Cashbet - Copyright: stevanovicigor / 123RF Stock Photo

Richard Walsh, Managing Director of the Coingaming Group which operates Sportsbet.io, spoke to SBC News about the sportsbook’s journey, the burgeoning blockchain technology and transparency over legal issues in bitcoin betting. SBC: Hi Richard, can you summarise for SBC readers the Sportsbet.io journey from its inception and initial planning, through to its current day-to-day operations? RW: Since launching in-time for …

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Coingaming Group appoints Richard Walsh as new MD

Updating the market, Bitcoin gaming operator The Coingaming Group has appointed ex-William Hill executive Richard Walsh as its new managing director. An industry veteran, Walsh spent more than 20 years at William Hill in a variety of senior management positions, and has relocated to the Coingaming Group’s headquarters in Tallinn, Estonia. As the firm’s new MD Walsh will oversee operations and …

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NetBet becomes first UK licensed operator to accept Bitcoin

NetBet has announced that they will accept Bitcoin for bets on their sportsbook and casino products. The UK bookmaker and online casino operator has become the first licensed operator in the UK to embrace the virtual currency. NetBet customers will now have the option to use Bitcoin to load their accounts via the Neteller and PaySafe payment methods. Alexandre Mangaud, …

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Bitcoin sportsbook enjoys strong start to Euro 2016

Bitcoin sportsbook operator Sportsbet.io has enjoyed a strong start to Euro 2016 following its launch in early June. The operator has seen average daily stakes increase by more than 20% during the first two weeks of the tournament. Among Bitcoin punters, France has been the most popular country to back, accounting for 37% of Bitcoin bets. It is followed by England with …

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Bitcoin gambling runs into familiar obstacles

Bitcoin’s return into the spotlight after the value of the crypto-currency recently hit a two-year high has reignited interest in gambling industry circles in the potential of harnessing blockchain technology. The launch in May of a new Bitcoin-only sports-betting offering – going by the familiar name of Sportsbet but with the fashionable-in-the-tech-world domain suffix of .io – has once again …

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Sportsbet aiming to be the top bitcoin only sportsbook

Coin Gaming, the operator of bitcoin casino Bitcasino.io, has launched Sportsbet.io, a new bitcoin-only sportsbook ahead of Euro 2016.  The new operator has gone live giving bitcoin users a new option for betting on the sports betting’s biggest gambling event of the year. Euro 2016 is expected to attract the equivalent of at least 1.5m BTC (£465.3m) in bets across the …

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Lee Richardson – Gaming Economics – Bitcoin’s true sector value

As a currency Bitcoin has seen its critics and sceptics grow in the past months as its value continues to decline. Nevertheless Gaming Economics MD and SBC Contributor Lee Richardson tells the betting sector that the crypto-currency’s mechanisms may likely lead to much needed industry wide innovation and operational restructuring… __________________ Many of us have heard of Bitcoins. Some have earnt these digitally-created tokens, …

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90Digital founder launches bitcoin casino

Nick Garner, founder of 90Digital has announced the launch of a new online casino. Oshi! is a Bitcoin specific operator, with a strong emphasis on the fun element that casino entertainment brings to its players. Oshi! is backed by industry supplier SoftSwiss and will offer over 1,000 games including all the famous brands. “Having been in the iGaming sector for …

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