Bitcoin is a digital currency that operates independently of central banking systems or traditional forms of currency such as cash. It is decentralized and virtual, and an astounding number of people and businesses all around the world are beginning to accept it. Blockchain is an exciting new trend that functions in a completely new domain on the internet. Players are no longer having to rely on banks or pre-existing monetary systems for their financial needs. You can use digital currencies for a wide range of activities, but there is one industry that is taking full advantage of these digital currencies…

Governor and avowed bitcoin fan Jared Polis signed a Colorado cryptocurrency act on March 8, exempting cryptocurrencies from state securities laws under certain conditions. The new legislation, known as the the Digital Token Act, also exempts crypto broker-dealers and salespeople from state licensing requirements under limited circumstances. Theresa Szczurek, Colorado’s chief information officer, tweeted a photo of Governor Polis as he signed the Digital Token Act into law. Polis was surrounded by several of his cabinet members and the state attorney general. “Exciting day for blockchain technology,” Szczurek tweeted. For more on Colorado cryptocurrency visit CCN.

Can you really use Bitcoin to gamble online? Well, you probably know a fascinating story about that one guy who spent 10,000 bitcoins on two pizzas in 2010 – Bitcoin was worth $25 at the time. Now for the same amount of money you could buy a stunning island near Florida, and for the rest of the money you could build a few luxury restaurants. We can only hope that that pizza was really delicious. The history of Bitcoin seems to be less than 9 years of ups and downs with a background of ever-growing public interest. The pain of…

Australian tech entrepreneur Craig Wright identified himself as the creator of controversial digital currency bitcoin on Monday but experts were divided over whether he really was the elusive person who has gone by the name of Satoshi Nakamoto until now. Uncovering Nakamoto’s real identity would solve a riddle dating back to the publication of the open source software behind the cryptocurrency in 2008, before its launch a year later. Bitcoin has since become the world’s most commonly used virtual currency, attracting the interest of banks, speculators, criminals and regulators. Worth a total of $7 billion at current levels, it fell…

A Nevada judge has sentenced former Bitcoin online poker site operator Bryan Micon to probation for illegal gambling charges. On Tuesday, Clark County District Court Judge Kerry Earley handed Micon a $25k fine and two years of probation for his role in the Sealswithclubs online poker operation. The sentencing, which also required Micon to forfeit certain items seized by police, follows a deal Micon worked out with Nevada prosecutors this summer. Micon was formally charged with operating an unlicensed interactive gaming system in April following raids on his Nevada residence in February, during which the authorities seized a good deal…

The UK Gambling Commission will be stepping up its efforts to regulate online gambling, as it issued a warning to bitcoin gaming operators to get the necessary licenses or face penalties. The commission stressed that regulations require gambling websites that offer services in the UK to have a license regardless of the currency it uses. “We wrote to these operators because they were either advertising gambling illegally or illegally offering gambling products to consumers or both,” said UKGC CEO Jenny Williams. “The Commission neither prohibits nor encourages bitcoin. We are interested only in ensuring the proper regulation of gambling products consumed…