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Bitcoin News

A roundup of the top Bitcoin news from July 22 to July 28.

Tuesday, July 23

• Executive Coaching Firm Strategic Development Lets Clients Pay in Bitcoin

Wednesday, July 24

• Meet the Bernie Madoff of Bitcoin: SEC Probes Bitcoin Ponzi Scheme

Saturday, July 27

• Bitbetex Jumps on the Bitcoin Gambling Bandwagon After SatoshiDice Exit

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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

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