Bitcoin Gambling Site SealsWithClubs.eu Chairman Starts New Operation in Antigua
An epic story unfolded this past week in the gambling capital of North America surrounding the shutdown of Bitcoin's oldest gambling site, SealsWithClubs.eu. "Math Does Not Bow to Guns". Officially, the site was shut down for rather vague reasons. On approximately February 11th, 2015, several events occurred related to operational security that we consider to indicate SealsWithClubs now operates in a perpetual state of jeopardy. We will not divulge details publically, but they may come to light if any team member chooses to come forward of their own volition at a later date. However, more....
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The government of Antigua and Barbuda is drafting laws “for the implementation of Bitcoin,” according to a local publication. The decision may have been influenced by online gambling mogul Calvin Ayre and even the self-proclaimed “Bitcoin creator” Craig Wright. Drafting Bitcoin Laws. EP Chet Greene, Antigua & Barbuda Minister of Trade and Consumer....
Bryan Micon, 37, former operator of bitcoin online poker site "Seals with Cubs" has plead guilty to a criminal charge for operating an unlicensed gambling system and fined $25,000 as terms of his sentence. In a landmark case and ruling involving a case connecting bitcoin and online gambling, the Clark County District Court sentenced Nevada native and professional gambler Bryan Micon to two years' probation along with a fine of $25,000. Bryan Micon. Micon was facing up to ten years in a state prison and a $50,000 fine when he was charged initially. Under the terms, Micon also surrendered....
Over one year ago, the launch of Erik Voorhees' SatoshiDice marked the moment that Bitcoin gambling took its first major step into the mainstream. The site offered a level of convenience unmatched by any Bitcoin gambling site - indeed, any online gambling site regardless of payment method, in history: users send money to a Bitcoin address, and if they win they immediately get more money back. The site was an instant hit, rapidly growing to such a point that roughly 50% of all transactions on the Bitcoin network were to or from its addresses. By the beginning of 2013, the site was earning....
What are gambling transactions doing to the block chain? According to Jeremy Liew, a partner at Lightspeed Venture Partners, a large percentage of bitcoin transactions are gambling-based. With a block chain now over 9Gb in size, and becoming increasingly tedious and difficult for new clients to download, that's becoming a problem. How are gambling-based transactions contributing? Liew points to the most recent available financial report from SatoshiDice, which is the most popular bitcoin gambling site. That site processed 5,222,994 bets in 426 days of operation (that's an average of 12,260....
The former operator of bitcoin poker site Seals with Clubs was sentenced to two years probation and fined $25,000 today after pleading guilty to the unlawful operation of a gaming site earlier this year. Bryan Micon pled guilty in July after being charged by the Nevada Attorney General's office in the spring. Micon's sentencing hearing took place at 9 am local time in Las Vegas, according to the attorney general's office, which was not immediately available for further comment. At the time he was charged, Micon faced as many as 10 years in prison, and upwards of $50,000 in fines. The....