• Chinese cops end $1.5 billion cryptocurrency World Cup gambling ring - CNET

    2 monthes ago - By CNET

    The syndicate used bitcoin, ethereum and litecoin.
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  • China breaks up underground $1.5 billion World Cup crypto-gambling ring

    China breaks up underground $1.5 billion World Cup crypto-gambling ring

    2 monthes ago - By The Next Web

    In a first for China, an illegal World Cup gambling ring has been busted holding more than $1.5 billion in live bets - all in cryptocurrencies. Six major suspects are in custody. Nestled in a southern Guangdong province, the syndicate is reported to have themselves been sitting on $1.5 million in cryptocurrency, which was seized by police, alongside half that in yuan, stored in bank accounts - now frozen. Surprisingly, no privacy coins - ones that provide inherent anonymity - were accepted by the platform, just Bitcoin, Ethereum, and Litecoin. Ballsy, considering the sheer amount of money...
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