Tag Archives: Bitbetex
Top Bitcoin News Last Week: Ponzi Scheme, Gambling, Payments, and More
Bitcoin News
A roundup of the top Bitcoin news from July 22 to July 28.
Tuesday, July 23
Wednesday, July 24
Saturday, July 27
Bitbetex Jumps on the Bitcoin Gambling Bandwagon After SatoshiDice Exit
Bitbetex Launches Bitcoin Betting Exchange
Last week, Bitcoin gambling site SatoshiDice exited for $11.5 million. Now there’s a perceived gold rush for the next phase in Bitcoin gambling.
Enter Bitbetex
Bitbetex is a bitcoin betting exchange where members can trade bets with one-another on almost anything with a definitive outcome.
Tony Hatchett, who built Bitbetex, told Coindesk about his choice to focus on Bitcoin, “Generally, fees of around 3% would need to be paid to a payment facilitator but Bitcoin allows us to remove that overhead completely. Secondly, Bitcoin is globally accessible, which allows us to match a bet from someone in the UK to a bet placed by someone in the US for example. No complicated currency conversions are needed.”
The site is currently in beta. Visit Bitbetex to sign up.
CC image by sincerelyhiten