Wagerr, the decentralized sportsbook, pursues gaming license in Malta

Wagerr partners with ICOinMalta and iGamingAdvisors to obtain gaming license in Malta

In 2017, Wagerr introduced a new, decentralized approach to sports betting that immediately grabbed the attention of both the blockchain world and the sports betting industry. The initial offering surpassed initial expectations, triggering contingency rounds that were, in turn, completely sold out.

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MGA New Chief Executive Officer Mr. Heathcliff Farrugia

The MGA Board (in accordance with Article 14 of the Lotteries and other Games Act and after consultation with the Parliamentary Secretary for Financial Services, Digital Economy & Innovation, Hon. Silvio Schembri) has appointed Heathcliff Farrugia as the new Chief Executive Officer of the MGA with effect from 24 April 2018. Heathcliff Farrugia succeeds Joseph Cuschieri who earlier this month was appointed Chief Executive Officer of the Malta Financial Services Authority (MFSA).

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Exchange Bitfinex Weighs Move to Switzerland or should it be Malta?

Bitfinex, one of the world’s largest cryptocurrency exchanges, is reportedly planning to move out of its current base in Hong Kong over to Switzerland.

German-language Swiss newsweekly Handelszeitung is reporting that Hong Kong-based Bitfinex is already in talks with Swiss authorities over a move to Europe. Switzerland is at the top of the list of potential destinations while London is also being considered as an alternative, the report added.

The publication directly cites Bitfinex CEO Jean-Louis van der Velde in revealing the potential move, with ‘several meetings’ between Bitfinex officials and Switzerland’s State Secretariat for International Financial Affairs (SIF) already having taken place. Bitinfex has also been in contact with Johann Schneider-Ammann, head of Switzerland’s Federal Department of Economic Affairs, Education and Research. Speaking at a conference earlier this year, Schneider-Ammann has previously called on Switzerland to further its industry-friendly regulatory climate to become the world’s ‘crypto nation’.

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888 looks at Malta Gaming Authority

888 has applied for a gaming licence in Malta due to Brexit uncertainties over Gibraltar.

The Gibraltar-based company is concerned about the impact of the UK’s departure from the European Union on the British Overseas Territory, which is home to many of the world’s leading e-gaming and sports betting firms.

Around 25% of Gibraltar’s GDP is generated by the gambling industry, but as many workers actually live across the border in Spain, there are fears that an end to freedom of movement could cause problems.

Outlining its fears, 888 said it is “proceeding with its backup plan” of obtaining a gaming licence in Malta. It also said it is establishing a server farm in Ireland so that it can “continue to serve European markets with no disruption to its business”.

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Coinbase announced ERC20 support

Coinbase announced today it’s intention to add ERC20 support to several of its suite of products.

Historically, Coinbase announcements have caused huge retail influxes of retail investors, erratic price swings, and even allegations of market manipulation. That’s why it was a surprise today when Coinbase‘s latest announcement came not with a bang but a bearish whimper. Prices are down across the board today and there has been very little reaction to Coinbases momentous announcement. Whether or not the market chooses to react in the next 24 hours, one thing is for sure. Coinbase’s addition of ERC20 support will have wide-reaching effects around the cryptocurrency markets for years to come and cannot be overlooked.

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