Bitcoins are a form of currency which is decentralized.Decentralized form implies that this currency is not regulated by any government or any financial institution.This form of currency is very different from traditional form where you require lot of paper work in orer to open an account . Only what all you need is to establish a bitcoin wallet,that will be used by you to access your bitcoins and to transfer bitcoins to other people. . Basics To Setup An Account To establish a bitcoin wallet you can use bitcoin broker such as Coinbase.A certified broker will help you in opening…

Casino City – A special agent with the Nevada Gaming Control Board infiltrated a Bitcoin-fueled poker website to help launch what authorities on Tuesday said was the first state-level criminal prosecution of illegal online poker. “The industry must be licensed and controlled,” Attorney General Adam Laxalt said at a news conference, while flanked by A.G. Burnett, chairman of the Nevada State Gaming Control Board, and Tony Alamo, chairman of the Nevada Gaming Commission. An arrest warrant was issued against Bryan Micon, 36, in Las Vegas Justice Court on Monday on one count of operating an unlicensed interactive gaming system. Laxalt…

Poker Fuse – A player at Seals With Clubs (SwC) has reported that Bitcoin exchange Coinbase cancelled his access to their services after he made a deposit onto the world’s leading Bitcoin-only online poker room. Coinbase stated that it is “a regulated Money Service Business under the FinCEN division of the U.S. Treasury Department” and erroneously claimed that gambling “is illegal under US law.” The message went on to caution that “even if you live outside of the US we cannot provide services to your account for the purpose of any type of gambling activity.” Coinbase is a leading Bitcoin…

The internet has always been a catalyst for change…. but Bitcoin betting? Well, you needn’t look past any industry to see the effect it has had in bringing change about. Television has been revolutionized by web-based players, the music industry has had a complete overhaul to deal with downloads and now we are starting to see the emergence of Bitcoins. So what is a Bitcoin? A Bitcoin is a virtual currency used to procure products and services online via a peer-to-peer marketplace – effectively circumnavigating a centralized bank. This direct marketplace between producer and client helps to diminish financial costs…

Intergame Online – With the big kick-off in Brazil 2014 just a few days away, the world’s first licensed bitcoin-only sportsbook, BetVIP.com, has gone live. BetVIP takes bets and pays out exclusively in bitcoin and only accepts wagers in regulated markets. “BetVIP is not a PR stunt – it is a long-term business venture,” said founder Daniel Schwartzkopff. “Our gaming licence and strict bet acceptance policy demonstrates our commitment to the longevity of the currency,” he added. “There is a massive opportunity to provide both a secure and reliable platform for bitcoin holders and take on the traditional online sportsbooks.”…

iGaming Business – Online gaming operator BetVIP has launched what it describes as the world’s first licensed Bitcoin-only sportsbook ahead of this summer’s Fifa World cup national team football tournament. BetVIP.com takes wagers and pays out winnings exclusively in the virtual currency and only accepts bets in regulated markets. Powered by technology solutions provider BetTech Gaming and accessible online or via mobile device, BetVIP.com offers pre-match and in-play wagering opportunities across hundreds of markets in international sporting events, including the 2014 World Cup, which kicks off tomorrow (Thursday) in Brazil. All first-time customers will also benefit from a 100% first…