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Using Bitcoin (BTC) for Sports Betting in the US



sports betting

Sports betting has been around for as long as sports themselves, and this activity has been a large part of many cultures around the world. When it comes to the US, however, sports betting has had a long and complicated history. A lot of states have proclaimed sports betting an illegal activity due to fear that it would lead to degradation of society.

Even so, a significant number of states still allow betting on sports, including Nevada, Delaware, New Jersey, Pennsylvania, West Virginia, Rhode Island, as well as Mississippi. There are also a few states where betting isn’t exactly made illegal, but the laws are not as clear as to say that making bets is perfectly acceptable. The state of New York is the best representative here.

Some states tried to bring bills that would legalize sports betting, but these bills have yet to become official laws. These include Michigan, California, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Missouri, Ohio, Oklahoma, and South Carolina.

And, finally, there are states where betting is illegal and no attempts to change that have been made to this day. Those are Washington, D.C., Alabama, Alaska, Arizona, Arkansas, Colorado, Florida, Georgia, Hawaii, Maine, Idaho, Massachusetts, Montana, Minnesota, Nebraska, New Hampshire, New Mexico, North Dakota, North Carolina, Oregon, South Dakota, Texas, Tennessee, Utah, Virginia, Vermont, Washington, Wyoming, and Wisconsin.

While it is obvious that a large part of the US has not taken action to make sports betting a legal activity, the rest of the states have either legalized it or attempted to do so. This is due to the fact that the point of view regarding this activity is changing. A lot of states are having economic and financial troubles, and sports betting could make a large difference. Since it is not legal in a lot of countries, betters have been known to turn to illegal betting, with this market being worth around $150 billion per year. If this money were to go to the states instead of those who are organizing illegal betting in the US, things would have been a lot different for some of these states.

Bitcoin and sports betting

Despite the fact that a lot of states do not support betting, new ways of making bets are emerging all the time. With the appearance and constant progress that the cryptos are making, they were bound to infiltrate this branch of business sooner or later. However, this is not necessarily a bad thing.

Sports betting can often be a shady business, which is why so many states are against it. However, a lot of cryptocurrencies are known for their decentralization and transparency, which might almost guarantee that the shady part can be eliminated from the process. This might be a real game changer when it comes to the legalization of these activities, and the online betting has changed a lot since cryptos were introduced. The interest in betting has started to grow again, and even the Supreme Court ruling has shown interest in connecting cryptos to betting activities.

While this technology is still limited when it comes to real-world use cases, many bookmakers have already started to accept it. Slowly but surely, Bitcoin is transforming, and in a lot of ways revolutionizing, the world of sports betting. There are already numerous sports betting websites that allow the creation of anonymous accounts from any part of the US, and even the world.

Bitcoin’s nature allows for instant processing of deposits and withdrawals and betters no longer have to wait for weeks to get their money. Various fees are also reduced, which leaves more money for the better.

So, thanks to Bitcoin, betting can become decentralized and transparent, fast, anonymous, cheap, and instantly available. With the right guidance, this can make a lot of money that can go to improving the conditions in some of the US states, which is why many are hoping that betting will spread even more and that it will pull cryptos into the mainstream with it.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC




The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Wisebitcoin Launches Professional-Grade Crypto Exchange



Infrastructure is developing rapidly in the cryptocurrency industry, but the recent launch of the Wisebitcoin cryptocurrency exchange is nonetheless significant in terms of the immediate value it provides to cryptocurrency users. That’s because the exchange has had a beta version available since 2018 while continuing further developments in stealth mode, and already serves over 1.2 million end users with $6+ billion in 24 hour trading volume at the time of its official launch.

In addition to the large user base and deep liquidity, Wisebitcoin also stands out by offering up to 100x leverage to margin traders, with the ability to open a long or short position in their futures market. In the current bullish environment, leverage is a key way that experienced traders increase their exposure and try to profit from volatility.

For example, if a user opened a long position on ETH on January 2nd at a price of $750, they could have greatly multiplied their profits with even a small amount of leverage such as 5x as ETH reached over $1,100 within 48 hours. A simple unleveraged position would have netted $350 in profit, but a 5x position would have netted $1,750 and a 100x leveraged position would have netted an incredible $35,000 in profits from an initial investment of just $750. 

Beyond leverage, Wisebitcoin additionally offers a simple and…

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