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Report Reveals Limited Accounting Records, Commingled Funds at FTX Digital Markets in the Bahamas

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PWC, one of the ‘Big Four’ auditors and among the largest professional services networks globally, recently published a report on FTX Digital Markets, the bankrupt crypto exchange’s Bahamian subsidiary. The report indicates that the entity’s accounting records have been limited, and it also noted that there is “little distinction between what represents potentially client monies … Read more

Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar

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On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning Sam Bankman-Fried’s (SBF) quantitative cryptocurrency trading firm Alameda Research shed … Read more

DAOBet iGaming Solution Mainnet is Now Live

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DAOBet (ex DAO.Casino) is a blockchain for the iGaming 3.0 industry, with the mainnet launched by validators on November 27th, 2019. The mainnet was launched by 21 leading block producers with eight more validators on standby. The development will further realise the full scope of DAOGroup’s decentralized iGaming products. The post DAOBet iGaming Solution Mainnet … Read more

PR: Blockchain Games Operator True Flip Enters the Slot Market with Chain’s Code

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True Flip, the blockchain fair games operator, has developed and launched its first slot game. Chain’s Code is available now at cc.trueflip.io with bets starting at 0.000020 BTC and up to 5 BTC as the Superprize. Costa Rica Chain’s Code features a single-line slot machine with a centralized play button for speed, ease of use … Read more