Bitcoin Counters Online Gaming Marketplaces Fraud
G2A recently started accepting bitcoin, which does not allow for transaction chargebacks. Online gaming marketplaces suffer from a lot of fraudulent activity. Not too long ago, G2A was accused of facilitating a fraud-fueled economy. According to some people, the platform allows digital game keys to be bought with stolen credit cards. These purchased keys are then resold online, allowing criminals to effectively launder money. G2A has made some concessions in this regard by agreeing to a form of royalty payments. Moreover, their acceptance of Bitcoin transactions reduces the fraud risks....
Related News
Brands that issue NFTs should hold the greatest responsibility to protect themselves and potential investors from fraud, an NFT security executive suggested. Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.Brands that issue NFTs should be taking the first step to protecting themselves and potential investors from fraud, BrandShield CEO Yoav Keren said in an interview with Cointelegraph on Oct. 12.According to Keren, it’s more straightforward for a brand to....
Whether you’re into online sports betting or playing online poker, here are some ways that the bitcoin has changed, and improved, the online gaming industry. Even though cryptocurrency is relatively new in comparison to the history of online gaming, the bitcoin has made a number of positive changes to the online gaming industry and it looks like it may be here to stay. While many of us are familiar with the advantages of using bitcoin for a variety of online businesses, unless you’re a hardcore and frequent online gamer, the benefits of cryptocurrency has probably been overlooked. Whether....
The concept of digital currency has been in the gaming sector for a while now. If you are used to playing games online or on a mobile phone then you will be familiar with the game coins or special XP points. Whenever you reach a milestone these XP points gets credited, which can be used to buy upgrades. In order to accumulate enough points, you will have to put in a lot of gaming hours. Alternatively, one can buy these achievement points in the form of in-app (or in-game) purchases. In order to make these purchases, one has to pay with fiat currency. There are many online gambling....
The Dutch Openbaar Ministerie, their Public Prosecution Service, has leaked a document to volkskrant.nl regarding plans for Project: ITOM (Illegal Trade on Online Marketplaces). The Dutch OM will be working in conjunction with government agencies from around the world, but mostly Europe, to hinder the development of the deep web's online marketplaces, which happen to also sell drugs among other government-approved things. As many people know, a large amount of drug trafficking flows from the Netherlands through the "new Silk Road" to the rest of the world. A previous article by Volkskrant....
Certain virtual currencies are trying to take gaming to the next level, and now DigiByte Gaming has added Counterstrike Global Offense (CS: GO) to their online gaming platform. There has always been a certain overlap between gaming and digital currency communities, which has lead to some success for Bitcoin so far. Various online cd key shops have....