Crypto

The Evolution Of Cryptocurrency And Its Role In Online Casinos

Published

1 year ago

February 5, 2025

The Evolution Of Cryptocurrency And Its Role In Online Casinos

The transformation of global industries has brought cryptocurrency to the forefront while online casinos keep evolving with it. Users now benefit from better payment choices that protect their identity while offering special gaming opportunities thanks to cryptocurrency. This article provides insights into the development of cryptocurrency, the opportunity and impact of incorporating it in tenders for payments, its role in online casinos, and its outlook in the gaming sector.

A Brief History of Virtual Currencies

To understand cryptocurrency’s current role in online casinos, it’s essential to examine its origins and growth:

Bitcoin’s Creation: Satoshi Nakamoto introduced Bitcoin to the world as its first form of uncontrolled digital money in 2009. Bitcoin uses blockchain technology to provide users with direct peer-to-peer financial transactions without needing third parties.
Ethereum and Beyond: Since 2015 Ethereum has helped blockchain evolve beyond simple transactions by allowing the technology to execute smart contracts and DApps. The technology brought major improvements to crypto use in business settings.
Mainstream Adoption: In the past few years, new forms of digital currency have emerged. Currently, major companies allow their customers to pay using cryptocurrencies, while more and more financial entities start recognizing cryptocurrency as an official financial instrument.

The evolution of cryptocurrency demonstrates the increased interest in cryptocurrency as a result of which its use has logically expanded to encompass online casino platforms.

The Role of Cryptocurrency in Online Transactions

Cryptocurrency specifically is used in online transactions and has several advantages over other payment methods. Let’s examine the role of cryptocurrency in online transactions and why people increasingly turn to it:

Key Advantages:

Decentralization: Cryptocurrencies are not controlled by a central body hence minimizing the dependency on banks or the government.
Anonymity: There is no display of personal financial information, thereby improving the aspect of privacy.
Low Fees: Whereas traditional payment systems attract high charges in equal proportion to the transaction value, cryptocurrencies attract low fees.
Global Accessibility: Cryptocurrencies eliminate geographical barriers, enabling people from different countries to perform transactions without complications of foreign exchange.
Speed: Unlike bank transfers, which can take days, crypto transactions are almost instantaneous.

By solving typical problems associated with conventional means of payment, cryptocurrencies have become popular and more mainstream.

The Rise of Crypto Casinos

Cryptocurrency has catalyzed the emergence of a new type of gambling platform: the online crypto casino. These websites operate based on blockchain and/or digital currencies and offer characteristics not seen in online casinos.

What Are Crypto Casinos?

An online crypto casino is a platform where players can use cryptocurrency to deposit, bet, and withdraw. Its major advantage is that it works the same as a traditional online casino, but all processes are based on blockchain technologies for increased transparency and optimization.

Key Features of Crypto Casinos:

Provably Fair Games: Blockchain technology allows the making of games that can prove the legitimacy of each move, which results in high trust from players.
Faster Transactions: In this method, withdrawals, and deposits are fast and do not take a lot of time.
Enhanced Privacy: Unlike traditional platforms that require extensive KYC verification, crypto casinos often require less personal information.
Popular Cryptocurrencies: These casinos mostly accept Bitcoin, Ethereum, Litecoin, and Tether digital currencies out of the many available online.

As the popularity of these platforms grows, understanding what you need to know about crypto casinos becomes essential for safe and enjoyable participation.

Security Concerns in Crypto Casinos

The following are some of the risks associated with crypto casinos. First of all, there is some risk attached to the use of crypto casinos which mostly revolve around the fact that this industry is still somewhat new and untested. So, how secure are crypto casinos, and what steps can players take to safeguard their assets?

Common Risks of Crypto Casinos:

Unregulated Platforms: Not all crypto casinos are regulated, so checking licenses is necessary.
Wallet Hacking: Hackers could go for the players’ wallets to attack which could risk the player’s funds.
Volatility: Cryptocurrencies are subject to rapid changes in value that affect what a player can win.

Protecting Your Crypto Wallet and Staying Secure:

To minimize the risks of crypto casinos, follow these best practices:

Use secure wallets with robust encryption to store your funds.
Always investigate the available research platforms before joining the site and prefer sites from licensed casinos.
Always maintain your private keys secure and never disclose them to anyone.
Two-factor authentication or 2FA is incredibly handy and should be activated on all the accounts you own.

New technology lets casinos use better encryption and blockchain ID systems to make their services more secure. Another tip that lets you earn more from your casino activities is to select Best Payout Casinos to maximize your returns. Following these basic security steps makes crypto casino usage safer and more fun.

The Future of Cryptocurrency in Gaming

If one casts a vision for the future of this relatively fresh market category, then the future of crypto gaming is full of prospects. Blockchain technology in the form of cryptocurrency is expected to revolutionize online casinos and gaming in several ways.

Emerging Trends and Opportunities:

NFT Integration: Properties such as avatars, virtual assets, and rewards which were unimaginable before are now being made possible by the application of non-fungible tokens or NFTs.
Play-to-Earn Mechanics: New trends in games that give players an opportunity to be rewarded with cryptocurrency for playing the games are on the rise in a bid to encourage the players.
The Metaverse: Cryptocurrency is believed to be a key driver of highly engaging metaverse casinos where people can gamble in virtual environments.
Enhanced Security: Cryptocurrencies and their related technologies develop over time and offer safer services.
Market Volatility and Regulation: This may make the ecosystem slowly shift into a more stable and accessible environment but players of course need to continually get updates on changes.

Players looking for the next crypto to explode in the gaming space should monitor these developments closely, as they will likely shape the future landscape.

Conclusion: Is Cryptocurrency Shaping the Future of Gaming?

Online casinos are transforming their operations by letting people handle digital money safely with blockchain technology. The path from cryptocurrency beginnings to modern online gambling transformation has only started. Despite facing security and regulatory problems Crypto casino users benefit from private transactions plus real money games and affordable costs. Your success with crypto casinos requires both knowledge about these platforms and constant security measures for protecting your crypto wallet. The expanding use of NFTs and metaverse technologies suggests that crypto gaming will create many chances in the future. Both operators and players should use cryptocurrency to build an ethical gaming system that offers users an exciting gaming experience.

Crypto

Cryptocurrency Investment Fraud: Bizman loses Rs 2.6 cr to crypto, investment fraud | Hyderabad News – The Times of India

Published

10 hours ago

February 26, 2026

Press Room

Hyderabad: A 69-year-old businessman from Somajiguda lost 2.65 crore allegedly in a cryptocurrency and stock investment fraud. Based on his complaint, Hyderabad Cyber Crime police have registered a case.The complainant was first contacted by a fraudster posing as Ramya Krishnan on Aug 30, 2025 through Facebook. She persuaded the victim to invest in a cryptocurrency and stock trading platform, Polyus Finance PFP Gold, hosted at the domain pfpgoldfx.vip, promising high returns to finance his proposed resort and apparel ventures.Fraudsters provided the victim a contact number for daily communication and sent screenshots showing notional profits credited in his wallet in USDT cryptocurrency. To build trust, the fraudster even allowed the victim a token withdrawal of 4,300 on Sept 12, 2025.Encouraged, the victim transferred over 2.65 crore in 10 transactions between Sept 10 and Dec 39, 2025 to various current accounts provided by the accused.When he attempted to withdraw his ‘earnings’, the accused demanded an additional 15% conversion commission. After he refused, the website became inaccessible and calls to the fraudsters went unanswered.Realising that he was duped, the victim filed an online report on the National Cybercrime Reporting Portal (NCRP) before approaching the Cyber Crime police on Feb 25.Based on his complaint, a case was registered under Sections 66C and 66D of the Information Technology Act and Sections 111(2)(b) (Organised crime), 318(4) (Cheating), 319(2) (Cheating by personation), 336(3) (Forgery for purpose of cheating), 338 (Forgery of valuable security, will, etc.) and 340(2) (Using as genuine a forged document or electronic record) of the Bharatiya Nyaya Sanhita on Wednesday. Police were analysing financial transactions to identify and arrest the accused.

Crypto

Terror groups receive $1.7b. from Iran through Binance | The Jerusalem Post

Published

22 hours ago

February 26, 2026

Press Room

Terror groups receive .7b. from Iran through Binance | The Jerusalem Post

Iranians were able to access more than 1,500 Binance accounts last year, and $1.7 billion was transferred from two of them to terrorist proxies, The New York Times reported Monday.

That was a potential violation of global sanctions, the report said, citing company records and documents collected by internal investigators.

The cryptocurrency exchange site reportedly fired or suspended at least four employees cited in the internal investigation. The company blamed “violations of company protocol” relating to its clients’ data, the Times reported.

The report came days after The Jerusalem Post spoke with experts from blockchain intelligence platform NOMINIS.io about how the Iranian regime was evading Western sanctions through cryptocurrencies.

The regime maintains a steady income using cryptocurrency through oil sales to Russia and China, NOMINIS CEO Snir Levi said at the time.

Binance founder Changpeng Zhao, who pleaded guilty to failing to implement a program to prevent money laundering, arrives for his sentencing in federal district court in Seattle, Washington. (credit: REUTERS/Deborah Bloom)

Regarding the latest scandal, he told the Post this week: “The latest allegations about Binance come months after the lawsuit by the victims’ families of October 7 – the ongoing Balva [versus] Binance case.

The majority of the allegations can be easily confirmed by on-chain data. There are thousands of cases where money has been sent and received to and from wallets that have clear connections to Iran.”

Binance founder Changpeng Zhao is being sued by the families of American victims and hostages of the October 7 massacre. He has been accused of knowingly enabling Hamas, Hezbollah, Palestinian Islamic Jihad, and Iran’s Islamic Revolutionary Guard Corps to transfer more than $1b. through its platform, including more than $50 million after the October 7 massacre.

Zhao pleaded guilty to anti-money-laundering violations in connection with Binance in 2023. US President Donald Trump pardoned him last October.

“They say what he did was not even a crime,” Trump told reporters last October. “It wasn’t a crime. That he was persecuted by the Biden administration, and so I gave him a pardon at the request of a lot of very good people.”

Binance representative Rachel Conlan said the accounts linked to the $1.7b. in Iranian transactions have been removed and the relevant authorities were informed.

“Any suggestion that Binance knowingly allowed sanctionable activity to continue unchecked is incorrect and defamatory,” she said, despite Zhao’s earlier admission of anti-money-laundering violations.

More than half a dozen compliance officials have left Binance, including a sanctions manager and the leader of the enterprise compliance team, over the past few months, the Times reported.

“No investigator was dismissed for raising compliance concerns or for reporting potential sanctions issues,” Conlan said in a statement to The Guardian.

Democrat senator opens inquiry into cryptocurrency company

While Conlan insisted there was no wrongdoing, US Sen. Richard Blumenthal (D-Connecticut) opened an inquiry into Binance on Tuesday, seeking records of the company’s dealings in Hong Kong , where funds have previously been transferred in a network against sanctions.

“Binance appears to have ignored warnings and recommendations to prevent Iranian money-laundering schemes on its cryptocurrency exchange,” Blumenthal wrote in a letter to Binance co-chief executive Richard Teng.

“According to documents obtained by the Times and the Journal, Binance was even warned that Hexa Whale was financing terrorist organizations such as the Yemeni Houthis, and internal investigators found cryptocurrency transfers to wallets associated with Iran’s Islamic Revolutionary Guards Corps and payments to crew members of Russia’s sanctions-evading shadow fleet of oil tankers,” he wrote.

“Instead of actually preventing illicit use, Binance has sought to evade accountability and influence the White House through lobbying and a financial partnership with World Liberty Financial (WLFI), the cryptocurrency firm owned by the sons of President Trump and his special envoy Steve Witkoff… This influence campaign has worked: In May 2025, the Securities and Exchange Commission announced that it was dismissing a lawsuit against Binance for lying to regulators and mishandling funds, followed in October by the stunning Presidential pardon of founder Changpeng Zhao.”

“The scale of the newly revealed illicit transfers – uncaught until nearly $2 billion flowed to sanctioned entities – and the unexplained firing of internal investigators call into question Binance’s compliance with American sanctions and banking laws, and its 2023 agreement to resolve the previous federal investigation,” Blumenthal wrote.

Crypto

1 Artificial Intelligence (AI) Stock With More Potential Than Any Cryptocurrency | The Motley Fool

Published

1 day ago

February 25, 2026

Press Room

Crypto is stumbling while AI is advancing.

We’re in one of those times when market players are shunning crypto investments. Factors such as persistent inflation, a declining likelihood of interest rate cuts (typically a major catalyst for crypto price pops), and outflows from once-hotly popular crypto exchange-traded funds (ETFs) have put the hurt on even the most prominent digital coins and tokens.

Given that, it’s worthwhile to consider another high-potential technology — artificial intelligence (AI). Despite huge growth opportunities ahead, AI has also taken it on the chin lately as well. It still has a bright future, and I believe investors can still hop on this train with a company that’s not a pure play, but one deeply — albeit not exclusively — involved in the technology.

Read on to see what AI giant I believe can outpace even the most popular cryptocurrencies.

Image source: Alphabet.

Alphabet is advancing AI

That company is none other than Google owner Alphabet (GOOG +0.68%)(GOOGL +0.68%). Although it’s still known, with some justification, as a search engine operator, the company has been neck-deep in AI for years. It’s developed both hardware and the large language models (LLMs) powered by it, and it clearly aims to be a top name in this technology.

I have no doubt it can succeed. Google’s AI component Gemini is now fused into the company’s search and many other features (like Google Mail). This makes it a convenient option for web searchers querying for more than basic information on a subject. Its functionalities are also integrated into offerings like Google Docs, where users can harness AI to help with their writing. The Gemini platform itself is a hot item, with a monthly active user count now topping 750 million.

On the hardware front, Alphabet is not only actively developing and deploying Tensor Processing Units (TPUs) — chips designed to power AI functionality — it invented them. Originally designed to bolster the company’s AI capabilities, the processors are now being sold to external customers, opening another revenue stream.

Today’s Change

(0.68%) $2.11

Current Price

$313.03

Key Data Points

Market Cap

$3.8T

Day’s Range

$309.36 – $313.66

52wk Range

$142.66 – $350.15

Volume

20M

Avg Vol

23M

Gross Margin

59.68%

Dividend Yield

0.27%

AI is a growth catalyst for Alphabet

Alphabet doesn’t break out the revenue it derives from AI hardware and services, so we can’t put a precise number on how much the technology is bringing in for the company.

Still, it’s clearly foundational these days — the phrase “AI” was mentioned 94 times during management’s fourth-quarter and full-year 2025 earnings conference call. And the tech giant stated in the accompanying earnings release that “We’re seeing our AI investments and infrastructure drive revenue and growth across the board.”

Alphabet’s two main revenue buckets, Google Services and Google Cloud — both of which feature AI-enhanced products — have seen robust increases. The former’s revenue grew 14% year over year during the quarter to almost $96 billion, while the latter’s skyrocketed 48% to just under $18 billion.

The numbers don’t lie. Even if the economy slows or inflation remains stubborn, demand for Alphabet’s impressively large suite of AI products and services will remain strong. I’d feel much more confident parking my money in this AI stock than gambling it on a wobbly cryptocurrency.