Tag: revenue

Crypto Casino Revenue Jumps Fivefold as Global Regulations Evolve

Crypto Casino Revenue Jumps Fivefold as Global Regulations Evolve

• Regulation

With explosive growth and increased regulation, these new players are making historic waves in the online gambling market. Gross gaming revenue from crypto-based platforms has skyrocketed to $81.4 billion in 2024, a fivefold increase since 2022. The European Union’s Markets in Crypto-Assets (MiCA) framework, which does the same, will take...

Further Reading

Coinbase Expands EU Reach with Landmark MiCA License

Coinbase has received final approval for a Markets in Crypto-Assets (MiCA) license from Luxembourg. This success will now enable the digital currency exchange to offer its services throughout all 27 member states of the European Union. This move, granted by Luxembourg's financial authorities, consolidates Coinbase's position in the European market...

Kraken Relocates Global Headquarters to Wyoming Amid Crypto-Friendly Climate

Kraken, one of the world’s largest cryptocurrency exchanges, is relocating its international headquarters to Cheyenne, Wyoming. Wyoming is positioning itself as a center for crypto innovation and activity. This growth is spurred on by its favorable regulatory environment and the work of crypto champions such as Senator Cynthia Lummis. This...

JPMorgan Chase Explores On-Chain Capital Markets, Reveals Crypto Trademark Filing

On June 17, JPMorgan Chase presented to the Crypto Task Force staff. Instead, they centered their strategy on pioneering the intersection of traditional capital markets and blockchain. As evidence of serious interest and intent, three different representatives from JPMorgan Chase attended that convening. They touched on the firm’s growing involvement...

UK Signals Interest in US Crypto Legislation, Calls for Global Regulatory Harmony

The United Kingdom – particularly its industry-oriented government – are keenly observing the United States’ return to meaningful cryptocurrency regulation, particularly the recently passed GENIUS Act. Simultaneously, it has been advocating for a comprehensive global approach to regulating digital assets. Speaking at DigiAssets 2025, Jane Moore of the UK's Financial...

Senate Approves GENIUS Act, Setting Stage for Stablecoin Regulation Amidst Opposition

The Senate has passed the GENIUS Act by a vote of 68-30, marking a significant step toward regulating cryptocurrencies, particularly stablecoins. This bill aims to establish a regulatory framework for the burgeoning digital currency market, offering consumer safeguards and paving the way for traditional financial firms to enter the space....

Armstrong Urges UK to Accelerate Crypto Regulation Amidst Industry Concerns

On the other side of the Atlantic, Coinbase CEO Brian Armstrong wants it to be so competitive that it competes directly with the United States on the global crypto playing field. Armstrong and other industry leaders have cautioned that sluggish licensing procedures, funding obstacles, and ambiguous policies could compel UK-based...

UK's FCA Proposes Stricter Rules for Cryptoasset Trading

The creation of the Cryptoassets Taskforce and the FCA’s move to regulate cryptoasset trading are positive developments. The goal of this action is to meaningfully convene the private sector to invest in innovative growth industries. The FCA is now seeking industry views on these proposed cryptoasset regulations through a new...

Ripple Case Foreshadows a Shift in Cryptocurrency Regulation

The lawsuit against Ripple Labs by the Securities and Exchange Commission (SEC), which started in December 2020. The SEC had sued Ripple Labs for unregistered securities offerings. This charge reaches top execs Bradley Garlinghouse and Christian Larsen for their role in selling XRP. This case has become a focal point...