• Coronavirus hits darknet revenues

    Even drug dealers are hurting as coronavirus hits darknet revenues

    Blockchain intelligence firm Chainalysis finds bitcoin spending is dropping on darknet markets and gambling sites, but not legitimate merchants; crypto scammers are stepping up

    The pandemic's economic destruction is so bad that even retailers of what may be the most recession-proof product there is—illegal narcotics—are feeling the pinch as coronavirus hits darknet revenues.

  • Crypto gambling
    Cryptocurrencies,  Innovators

    After Supreme Court decision, Bettium bets gamblers will take to blockchain

    Sports betting is a trillion dollar business worldwide and one blockchain-based company is trying to take a slice of it

    You shouldn’t gamble, but if you do, you shouldn’t gamble with a person who can break your legs. That’s the closest thing to gambling advice that Modern Consensus feels comfortable giving. And so much of blockchain technology right now is either speculation or gambling. “When you don’t know what you’re doing, it’s gambling. When you do know, it’s trading,” goes the old traders bad joke. And gambling can be, well, a gamble when you’re up against unsavory characters, or even a friend who wants to back off of a friendly bet. Enter Bettium, the blockchain-based system to help users trade bets with one another. Unlike the traditional bookmaker-style of online…

  • Kentucky Derby
    Cryptocurrencies,  United States

    When does the Kentucky Derby start and can I bet on it with crypto?

    What you need to know for this Saturday’s big race

    On Saturday at 6:50 p.m., 21 of the most esteemed classes of 3-year-old horses will run one and a quarter miles at Churchill Downs racetrack. In the U.S., the fun starts on NBC at 2:30 p.m. Eastern and it will be streamed live on NBC Sports Live. Can you bet on the Kentucky Derby with crypto? In short: kinda. The operators of US Racing, a racing info and betting website, are bullish on the future. “Right now, while punters are limited to a handful of private international gaming companies that will accept deposits with crypto currency, players with crypto wallets can use Bitcoin, Bitcoin Cash or Litecoin to make a…