Big Banks explore joint Stablecoin-Crypto Venture. Tether's William Quigley breaks it all down
William Quigley, Tether and Worldwide Asset Exchange co-founder, joins 'Money Movers' to discuss Big Banks exploring a joint Stablecoin-Crypto venture.
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Yahoo
2 hours ago
- Yahoo
An Investor Who Took Out $150,000 In Loans To Buy Bitcoin Gives A Three-Year Update. But Everyone Just Wants To Know—How'd He Get 0% Loans?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Three years ago, one Reddit user made a high-risk decision: they borrowed $150,000 using a mix of personal loans and 0% APR credit card balance transfers to buy Bitcoin. As of June 4, they say that investment is paying off in a big way. The investor says they now own 4.75 Bitcoin, purchased at an average price of $35,000. With Bitcoin trading at around $105,000 at the time of the update, their holdings are worth roughly $498,750. After accounting for the $15,000 in interest paid and the original $150,000 in loans, they're sitting on an unrealized gain of over $330,000. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'I have no plans to sell any of it. Just buy and hold. Retire early,' they wrote. The remaining debt, now at about $40,000, comes from credit card balance transfers that carry 0% interest for the next six to 12 months. They admitted to recently taking out another $25,000 balance transfer to buy an additional 0.25 BTC when the price crossed $100,000, despite previously promising not to borrow more. 'I was down to just $20,000 remaining balance, but I simply couldn't resist.' When asked why they didn't just use earned income to slowly invest, the investor explained, 'If I only did that, then I would not have been able to buy nearly as much Bitcoin as I did at the lowest prices.' They describe their approach as a 'reverse dollar-cost averaging.' Instead of buying a little over time, they borrowed a lump sum when BTC was trading between $16,000 and $35,000, then repaid it in monthly installments. To critics who say borrowing to invest is reckless, they responded, 'Taking out loans to buy assets is fine, so long as you can afford to responsibly service the debt. Just don't take out loans to buy liabilities.' They argue that inflationary U.S. fiscal policy will continue to devalue the dollar. Their thesis: borrow in USD and buy an appreciating asset like Bitcoin. 'The strategy is basically a speculative attack on the U.S. dollar,' they said. Trending: New to crypto? on Coinbase. That was the number one question in the comment section. 'Credit Card Balance Transfer Offers. I get them all the time in the mail or with my current credit cards. You have to have a good credit score though,' they wrote. Balance transfer credit cards let users move existing debt from one card to another, often with an introductory 0% interest rate for a limited time, typically 12 to 18 months. Some issuers even allow the transferred funds to be deposited directly into a bank account, turning it interest-free loan for a set period. The original poster also clarified that it wasn't about transferring balances from one card to another in the traditional sense. 'You don't have to transfer a balance. They deposit it directly into your bank account.' As for fees, they acknowledged a 3% upfront transaction fee on those balance transfers. Their income isn't unusually high either. They claim to take home around $65,000 a year, but maintain an 800+ credit score, which is how they secured access to so much credit. Reactions were split. Some called the move genius, gutsy, or inspiring. Others labeled it reckless or 'degenerate gambling.' One commenter wrote, 'I did this with shitcoins and lost $175K. Good luck!' while another added, 'It's not gambling if you have a plan and discipline.' The original poster seems unfazed by either side. 'Bitcoin is the exit strategy,' they said. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — This article An Investor Who Took Out $150,000 In Loans To Buy Bitcoin Gives A Three-Year Update. But Everyone Just Wants To Know—How'd He Get 0% Loans? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
7 hours ago
- Business Upturn
Trusted Crypto Casinos Are Taking Over Online Gambling in 2025: Exclusive Report By Radcred
By GlobeNewswire Published on June 13, 2025, 22:40 IST Glendale, CA, June 13, 2025 (GLOBE NEWSWIRE) — Independent Research Report Shows Why Licence-Backed, Instant-Pay Blockchain Sites Outpace Legacy Casinos Trust, not gimmicks, now decides where U.S. players place their crypto chips. Radcred's Crypto-Casino Research Report scrutinized more than 200 digital-currency gambling sites, stress-testing everything from licensing to ledger speed. The audit confirms that total bet volume doubled to $26 billion in Q1 2025 , while payout disputes fell by 38 per cent at operators meeting tier-one compliance and provably fair standards. Only a few platforms earned Radcred's coveted Gold Trust accreditation; dozens were rejected for opaque bonus rules, slow withdrawals, or missing security these findings outline the benchmarks that separate the best crypto casinos 2025 from the rest of the market. How Crypto Casinos Are Revolutionising Online Gambling The digital gambling scenario is undergoing a seismic shift as blockchain technology fundamentally transforms the way players interact with online casinos. Unlike traditional platforms that rely on centralized systems and legacy banking infrastructure, crypto casinos are redefining transparency, speed, and global accessibility by utilizing distributed ledger technology. Immutable Gaming Records Every bet, game outcome, and payout is permanently recorded on-chain, creating an unalterable audit trail that players can independently verify. This eliminates the opacity of traditional casinos that store critical game data in private, centralized databases. Provably Fair Gaming Cryptographic algorithms enable players to validate results in real time—crucial for anyone seeking provably fair crypto games.. This revolutionary approach allows independent verification of outcomes, removing the need to trust casino operators blindly. Instant Settlement Times Withdrawals typically clear within 5-15 minutes; the fastest test result came from an instant-withdrawal Bitcoin casino at just 4.9 minutes, compared to traditional casinos that may take days for international transfers. This speed advantage is particularly pronounced for weekend transactions when traditional banking systems are often offline. Elimination of Payment Processors Direct peer-to-peer transfers remove the need for third-party payment processors and their associated fees and delays. This streamlined approach reduces transaction costs while dramatically improving processing speeds. 24/7 Global Accessibility Blockchain networks operate continuously, allowing players worldwide to access gambling services regardless of local banking hours or weekend restrictions. This constant availability particularly benefits international players who previously faced significant barriers with traditional payment methods. Detailed Casino findings are available in Radcred's full 2025 report. Game Selection at the Top Crypto Casinos Leading sites now bundle 5,000+ RNG titles, live-dealer studios, crash games, and on-chain originals providing the variety legacy brands need years to match. BitStarz alone adds 200 new releases monthly, while Jackbit's slot lobby covers every volatility tier from low-risk warm-ups to fast-paying crypto casino jackpot chasers. 1) Slots Crypto sites host thousands of slot titles, from three-reel classics to video machines loaded with Megaways, cascading reels, and progressive jackpots. Fan favourites such as Sweet Bonanza and Book of Dead sit alongside exclusive Bitcoin-themed slots, most posting return-to-player rates near 95-97 %. Spin wagers typically start at $0.10, yet pooled jackpots can climb into six figures. 2) Table Games Core staples include blackjack, roulette, baccarat, and multiple poker variants. European roulette carries the lower house edge (2.7 %) versus its double-zero American cousin, while crypto blackjack often supports perfect-strategy RTPs above 99 %. Minimum bets hover around $1, but VIP tables raise limits well past $5,000. 3) Live Dealer Tables Live studios stream in 4K from providers such as Evolution and Pragmatic Play, pairing professional croupiers with real-time chat. Options span live blackjack, speed roulette, Andar Bahar, and game-show formats like Crazy Time or Monopoly Live . Entry stakes can be as low as $0.20. 4) Provably Fair Originals Blockchain titles—Crash, Dice, Mines, and Plinko—let players verify every result through on-chain hashes. The transparency appeals to trust-minded users, while lightning-fast rounds give the genre an arcade feel. Typical wagers range from a few cents to several hundred dollars. 5) Specialty Games Light-hearted picks such as keno, bingo, scratch cards, and virtual sports round out the lobby. Tickets often cost under $1, deliver instant outcomes, and require no complex rules—ideal for a quick session between bigger bets. 6) Sports & eSports Betting Many crypto platforms include full sportsbooks covering NFL, NBA, soccer, UFC, and eSports titles like CS:GO and League of Legends . Odds are priced in BTC or USDT, and same-wallet payouts hit accounts within minutes after matches settle. 7) Poker Rooms & Tournaments Dedicated poker lobbies run cash tables, sit-and-go's, and multi-table events with buy-ins from $1 to $10,000. Players join anonymously and withdraw chips directly to their wallets once play ends. 8) Crash & Multiplier Games Titles such as Aviator , Bustabit , and JetX let users cash out before a rising line 'crashes.' RTPs hover above 99 %, and rounds last under ten seconds, popular with bankroll builders seeking quick swings. 9) Lottery & Jackpot Draws Daily crypto lotteries and hourly jackpot wheels sell tickets for a few satoshis. Prize pools grow block-by-block, draws are blockchain-verifiable, and winnings pay out instantly to the player's wallet. List of Top Games Reviewed by Radcred Experts Legal Landscape of Crypto Casinos (U.S. & Global) While no federal statute outlaws crypto wagering, state-by-state rules vary. Offshore platforms licensed in Curaçao, Malta, or the Isle of Man can legally accept American traffic, yet players should verify state restrictions before depositing. Europe is moving toward unified licence classes, and Asia-Pacific regulators are drafting sandbox frameworks to balance innovation and consumer protection. How Players Use Crypto Casinos • Bankroll building: Players grind low-stake slots to clear bonuses, then switch to provably fair dice for high-volatility bursts. • Anonymity seekers: Privacy-minded users favour no-KYC crypto casino accounts tied to self-custody wallets. • High rollers: VIPs capitalise on daily cashback ladders and wager-back rebates that would be impossible under fiat-card fees. Bonuses and Promotions at Crypto Casinos Welcome packages have exploded—some platforms tout 500 % matches worth $10,000 plus 500 free spins. Radcred's audit focuses on rollover fairness: any deal above 40×, with max-win caps mirroring deposit size, is flagged. Ongoing perks—reload boosts, rakeback, and loyalty NFTs now rival sign-up deals for overall value. Welcome Bonuses First deposits routinely trigger 100 %–325 % matches, often capped at 5 BTC (or 50,000 USDT) and bundled with 50–250 free spins. Wagering is usually 20×–40× on the bonus—or occasionally on 'deposit + bonus,' so reading the terms is non-negotiable. No-Deposit Bonuses A handful of trusted crypto casinos drop tiny crypto credits (0.0002–0.001 BTC) or 10–50 free spins just for signing up. Great for testing the lobby, but expect steeper rollover—typically 40×–60×—and modest cash-out caps around 0.005 BTC. Reload Bonuses Weekly or VIP reloads add 25 %–100 % to subsequent top-ups, usually worth $50–$300 in coin value. Wagering mirrors welcome offers (20×–40×), though elite tiers may see requirements cut in half. Cashback Deals Loss rebates of 5 %–20 % appear daily or weekly. The better platforms credit these funds wager-free; others attach a light 10×–20× roll-through before withdrawals unlock. Free Spins Blocks of 10–200 spins (valued at $0.10–$0.50 each) accompany welcome, reload, or new-game promos. Spin winnings usually face 20×–45× wagering and may top out at roughly $100 in withdrawable value. Loyalty & VIP Programs Long-term play earns points that escalate through bronze-to-diamond tiers. Perks scale from birthday spins to 40 % rakeback, higher withdrawal ceilings, physical gifts, and 24/7 concierge hosts often with no extra wagering attached, though unused bonus chips expire after 30–90 days. Full bonus data appears in the 2025 Radcred report Crypto-Gambling Trends to Watch in 2025 Crypto-gambling is evolving fast, blending blockchain innovation with high-stakes entertainment. From Bitcoin betting platforms to NFT-based rewards, U.S. players are seeing more secure, fast, and anonymous ways to play. Here's a look at the biggest trends shaping the future of online crypto casinos this year. AI-Powered Personalization Advanced artificial intelligence algorithms are revolutionizing player experiences by analyzing behavior patterns, game preferences, and betting habits to deliver tailored recommendations and dynamic bonuses. These systems enhance engagement while providing early warnings for problematic gambling behaviors. Instant Withdrawals and Lightning Transactions Crypto casinos are prioritizing sub-10-minute withdrawal speeds, with a few platforms processing Bitcoin withdrawals in under 12 minutes. This trend addresses traditional banking delays and attracts players seeking immediate access to winnings. NFT Integration and Tokenized Rewards Non-fungible tokens are being incorporated as in-game rewards, collectibles, and play-to-earn mechanisms. This creates new revenue streams and adds digital ownership elements to traditional gambling experiences. Decentralized Casinos and Web3 Adoption Blockchain-powered platforms are eliminating centralized control through smart contracts, offering provably fair games and transparent operations. These decentralized systems provide enhanced player autonomy and reduced operational costs. Mobile-First Crypto Gaming With over 59% of gaming activity occurring on mobile devices, operators are prioritizing mobile-optimized crypto gambling experiences. This includes seamless crypto wallet integration and touch-friendly interfaces designed for smartphones. Why Crypto Casinos Are the Top Choice of Players The digital gambling revolution has positioned crypto casinos as the preferred destination for modern players worldwide. With a market that has surged to $250 million and witnessed an 83.6% increase in crypto bets in 2024, these platforms are redefining player expectations through superior technology, enhanced privacy, and unprecedented convenience. Identity Protection Wallet addresses replace names and card numbers, so breaches or charge-back fraud can't touch you. End-to-end encryption keeps every spin or hand tied only to a hash—not your personal details. No KYC Hassles Most leading sites skip document uploads entirely. You register with an email, set a wallet, and play in under a minute—eliminating the data-sharing risk many mainstream gamblers now avoid. Instant Deposits & Withdrawals On-chain transfers settle in 5-15 minutes; benchmark brand CoinCasino routinely clocks Bitcoin cash-outs below 15. Weekends or bank holidays no longer freeze bankrolls. Minimal Fees With processors removed, network costs often fall below $1, and some operators cover them. That translates to more spins, bets, or hands from the same budget. Provably Fair Games Roughly 77 percent of crypto casinos publish hashed server/client seeds. Anyone can verify randomness after every round, reinforcing trust without third-party auditors. Super-Charged Bonuses Welcome deals reach 500 percent plus hundreds of free spins. Reloads, daily rakeback, and loyalty NFTs push total promo value far past what fiat sites offer. VIP Treatment Tiered programs award up to 40 percent cashback, higher withdrawal caps, dedicated hosts, and even luxury trips for high rollers—perks unlocked through transparent point systems, not opaque invitations. How Crypto Casinos Are Evaluated Evaluating crypto casinos means looking beyond flashy bonuses. U.S. players prioritize secure blockchain payments, fair game mechanics, fast withdrawals, and strong user reputations. With more platforms entering the space, understanding how these casinos are evaluated helps players find trustworthy and rewarding experiences in the growing world of crypto gambling. Licence & Jurisdiction Verification – Analysts cross-reference licence numbers with regulators in Malta, Curaçao, and the Isle of Man, checking disciplinary dockets for unresolved complaints. Sites without a publicly searchable certificate or those linked to dormant holding companies are excluded immediately, preventing unsafe operators from reaching readers. – Analysts cross-reference licence numbers with regulators in Malta, Curaçao, and the Isle of Man, checking disciplinary dockets for unresolved complaints. Sites without a publicly searchable certificate or those linked to dormant holding companies are excluded immediately, preventing unsafe operators from reaching readers. Provably Fair Confirmation – Every in-house slot, roulette wheel, or dice game is hashed against its server seed, client seed, and nonce. Radcred reruns thousands of rounds to ensure the outcome history matches blockchain-published randomness proofs, hard evidence that no hidden code tilts results. – Every in-house slot, roulette wheel, or dice game is hashed against its server seed, client seed, and nonce. Radcred reruns thousands of rounds to ensure the outcome history matches blockchain-published randomness proofs, hard evidence that no hidden code tilts results. On-Chain Transaction Speed Audit – Deposits and withdrawals are executed every six hours for a week. Analysts log confirmation counts, network fees, and manual-review delays. Platforms clearing cash-out requests in under ten minutes on at least 95 percent of attempts score the highest. Deposits and withdrawals are executed every six hours for a week. Analysts log confirmation counts, network fees, and manual-review delays. Platforms clearing cash-out requests in under ten minutes on at least 95 percent of attempts score the highest. Security & Privacy Controls – Evaluation covers mandatory two-factor authentication, SSL/TLS strength, DDoS mitigation, and cold wallet segregation. Zero-knowledge KYC methods, where available, receive bonus credit for minimizing identity exposure while still complying with anti-money laundering regulations. – Evaluation covers mandatory two-factor authentication, SSL/TLS strength, DDoS mitigation, and cold wallet segregation. Zero-knowledge KYC methods, where available, receive bonus credit for minimizing identity exposure while still complying with anti-money laundering regulations. Bonus-Term Transparency – Fine print is dissected for wagering multipliers, game exclusions, and maximum-win caps. Operators hiding key conditions below the fold, or inflating advertised bonus value through unrealistic rollover hurdles, are penalised. Visit Casino Sites Researched by Radcred's Experts Why Radcred Is Your Trustworthy Crypto-Casino Radar? The modern crypto-gambling scenario demands reliable guidance through countless platforms and endless promotional claims. Radcred emerges as your definitive compass, cutting through industry noise to deliver transparent, merit-based casino evaluations that prioritize player protection over profit margins. Comprehensive Platform Testing Radcred's team conducts rigorous 7-day real-money testing sessions across multiple crypto casinos, evaluating everything from deposit speeds to withdrawal reliability during peak and off-peak hours. This hands-on approach ensures authentic insights rather than surface-level promotional content that plagues many review sites. Transparent Scoring Methodology Unlike biased platforms that accept upfront payments from casinos, Radcred maintains editorial independence by utilizing merit-based evaluation criteria, including licensing verification, payout speeds, and responsiveness to customer service. Their 4.3-star average rating system reflects genuine user experiences rather than inflated promotional scores. Security-First Assessment Every reviewed platform undergoes thorough security audits, examining SSL encryption standards, regulatory compliance, and data protection measures to ensure player safety. Radcred's commitment to 256-bit encryption standards and fraud prevention education demonstrates their dedication to consumer protection over affiliate commissions. Real-Time Market Intelligence The platform continuously monitors crypto casino developments, tracking regulatory changes, bonus structure modifications, and industry trends to provide up-to-date recommendations. This dynamic approach ensures players receive current, actionable information rather than outdated reviews that could lead to poor platform choices. Community-Verified Feedback Radcred integrates verified player testimonials and community-driven insights, creating a comprehensive feedback ecosystem that highlights both positive experiences and potential red flags across different crypto gambling platforms. SEE HOW RADCRED SCORES YOUR FAVORITE CASINO SITE Safe Crypto Casino Actionable Tips Even with professional rankings, personal due diligence remains vital. Use the following four rules as a pre-deposit checklist. Verify Licence Details in Regulator Databases – If a licence number fails to populate official records or the corporate entity name differs from the site's footer, treat it as a red flag. – If a licence number fails to populate official records or the corporate entity name differs from the site's footer, treat it as a red flag. Stress-Test Customer Support – Send a basic payout question before making a deposit. A sub-five-minute human response often predicts smoother conflict resolution later. – Send a basic payout question before making a deposit. A sub-five-minute human response often predicts smoother conflict resolution later. Scrutinise Bonus T&Cs – Rollover above 40×, limited game eligibility, or maximum win caps that equal the deposit can erode perceived generosity. – Rollover above 40×, limited game eligibility, or maximum win caps that equal the deposit can erode perceived generosity. Enable Two-Factor Authentication Immediately – Phishing remains rampant. Hardware-key or app-based 2FA blocks account takeovers that simple passwords cannot. Conclusion Trust-centric design, verifiable randomness, and license-backed operations are pushing crypto casinos from fringe curiosity to mainstream entertainment. Radcred's 2025 research report shows that when transparency meets speed, players follow. Relying on independent audits, free safety tools, and clear regulatory guidance, U.S. gamblers can enjoy blockchain wagering without unnecessary risk or confusion. FAQs Are crypto casinos legit? Crypto casinos operate in a legal gray area in the U.S., with legitimacy varying by state. Platforms licensed by authorities such as Curaçao or Malta are generally considered safe. However, U.S. federal laws create uncertainty, so always verify a casino's license and check your state's online gambling regulations before playing. Is it possible to win big at a crypto casino? Big wins are absolutely possible; some players have won millions of dollars. Games with high RTPs and smart bankroll strategies can improve odds. However, gambling is risky by nature, and winning isn't guaranteed. Play responsibly and never wager more than you can afford to lose. How to find the best crypto casino online? Look for licensed platforms offering secure logins, fast payouts, and thousands of games. Check for fair bonus terms and crypto support. User reviews on sites like Trustpilot and Reddit can offer honest feedback. Reputable names like JACKBIT, BitStarz, and 7Bit are strong, proven options. How to verify the trustworthiness of cryptocurrency casinos? Verify proper licensing and conduct third-party audits by reputable bodies, such as iTech Labs or eCOGRA. Trustworthy sites use SSL encryption, offer provably fair games, and have responsive customer support. Always read genuine player reviews and be cautious of platforms with unclear terms, fake reviews, or delayed payouts. Disclaimer This material is for informational purposes only and does not constitute gambling advice or an invitation to wager. Online gaming may be illegal in some jurisdictions and involves financial risk. Always verify local laws, set personal limits, and seek help via the National Council on Problem Gambling helpline at 1-800-522-4700. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Bloomberg
8 hours ago
- Bloomberg
SEC Taps New Director of Trading and Markets Who Has Crypto Ties
The US Securities and Exchange Commission announced four hires for prominent roles, including a new director of trading and markets who has ties to the crypto industry. Jamie Selway will lead a division responsible for regulating major securities market participants. He has previously served as the global head of institutional markets at as well as the chair of Skew's board of directors. Coinbase Global Inc. acquired Skew, which provides data visualization and analytics for crypto markets, in 2021.
