Canadian Bitcoin mining company HIVE Digital has completed its flagship facility in Paraguay, aiming to reach 25 EH/s by fall 2025. Shares of HIVE Digital soared 2% on pre-market trading on April 21 as the Canadian Bitcoin (BTC) mining company…

Bitcoin miner HIVE Digital’s shares jump 2% as it completes 100 MW site in Paraguay

Saylor&#8217;s aggressive Bitcoin acquisition strategy could significantly influence 
market dynamics and institutional investment trends in cryptocurrency.
The post Saylor&#8217;s Strategy buys 6,556 Bitcoin for $555 million appeared first 
on Crypto Briefing.

Saylor’s Strategy buys 6,556 Bitcoin for $555 million

Crypto casinos generated more than $81 billion in revenue from betting in 
2024, even as regulators in key jurisdictions continue to block access to the 
platforms, according to a new report.
Citing data from the anti-online-crime platform Yield Sec, the Financial Times 
reported that wagers paid in crypto in 2024 generated $81.4 billion in gross 
gaming revenue (GGR). This metric refers to the difference between bets taken 
and winnings paid out. 
Yield Sec data also showed that the annual revenue for crypto casinos 
increased five times since 2022 despite gambling sites being blocked in the 
United States, China, the United Kingdom and the European Union.
## Crypto casino Stake rivals traditional betting platforms
Betting platform Stake reported that its GGR in 2024 was around $4.7 billion, 
up 80% since 2022. This puts it on a par with some of the biggest gambling 
groups, such as Entain and Flutter. Entain reported $5 billion, while Flutter 
reported $14 billion in revenues in 2024.
Stake offers traditional casino games, including blackjack, roulette and 
slots. The platform also allows users to bet on sports. Users on the betting 
platform generally transact in crypto, with account balances being deposited 
and withdrawn directly into crypto wallets.
In 2023, the crypto betting platform was hacked, with $41 million withdrawn 
from its wallets. On Sept. 4, 2023, security firms flagged suspicious outflows 
from the platform. The company then confirmed the hack through social media, 
saying there were unauthorized transactions from its Ethereum and BNB Chain 
hot wallets.
On Sept. 7, 2023, the US Federal Bureau of Investigation said the $41 million 
hack was executed by the notorious North Korean hacking group Lazarus.
_**Related:**__**XRP ETF &#8216;obvious&#8217; as Polymarket bettors up approval odds to 
85%**_
## Gamblers access illegal sites through VPNs
Even though crypto gambling sites are officially blocked in many 
jurisdictions, users can still access them by bypassing geo-blocking 
restrictions with VPNs, which allows users to place bets using their crypto 
assets on sites blocked in their country.
Former players and crypto users told the FT that many online guides teach 
people how to bypass geo-blocking restrictions to access a crypto gambling 
platform. Cointelegraph confirmed that some influencers offer online tutorials 
that teach people how to access blocked gambling sites.
&#8220;Ready-to-gamble&#8221; crypto casino accounts are also reportedly being sold on 
social media platforms, according to Sanya Burgess, journalist at The i Paper.
_Source:__Sanya Burgess_
Users sell accounts that have already passed through betting sites&#8217; 
registration processes. On Jan. 31, Sky News reported that some users sell 
pre-verified crypto casino accounts for as low as $10. These ready-to-gamble 
accounts are reportedly being sold on social media sites like Facebook.
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loved ones**_

Crypto casino revenues hit $81B in 2024 despite global restrictions

Bitcoin has traded between $86,678 and $87,105 over the last hour, flashing 
strong bullish momentum on April 21. It is trading in a wide intraday range 
between $84,037.68 and $87,765. With a market cap of $1.73 trillion and 
24-hour volume at $24.51 billion, signs point to a confident rally, but short- 
term consolidation remains on the […]

Bitcoin Price Watch: Traders Eye $88,000 for Next Leg Up

On April 20, Dogecoin holders celebrated the annual DogeDay, the event that 
first gained traction in 2021. But there&#8217;s another cause for celebration as an 
analyst is heralding a 500% surge for the memecoin, based on a historical 
pattern that…

DOGE price eyes 500% surge based on historical pattern – another cause for celebration after DogeDay

New data shows over 30% of South Korea&#8217;s wealthy investors prefer crypto for 
long-term value growth, outpacing interest in gold or property. South Korean 
investors — especially the younger crowd — are leaning harder into crypto, and 
a new report…