Tag: Crypto Gambling
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Tether Reigns Supreme in Crypto Gambling World
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Tether (USDT), the world’s most used stablecoin, has taken a commanding lead in the crypto gambling sector. Boasting over 60% of the total stablecoin market share, it has emerged as the de facto currency for online casinos and betting platforms. While competitors like USD Coin (USDC) and Ethena’s USDe follow at 30.1% and 5.5% respectively,…
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China Convicts BKEX Staff for Illegal Crypto Gambling
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A Chinese court has convicted several employees of cryptocurrency exchange BKEX for facilitating illegal gambling through contract trading. The People’s Court of Pingjiang County, Hunan Province, ruled on January 29 that BKEX’s operations amounted to “opening a casino”, leading to multiple prison sentences and fines. High-Leverage Crypto Trading Declared Illegal BKEX, founded by Ji Jiaming…