Chinese police bust a World Cup gambling ring with more than $1 billion in cryptocurrency

Posted On: Jul 13, 2018   |   Posted By: The Verge

Chinese police bust a World Cup gambling ring with more than $1 billion in cryptocurrency

Chinese authorities have arrested six suspects behind a World Cup gambling ring that was hosting more than 10 billion yuan - or $1.5 billion USD - worth of cryptocurrency bets, according to a statement released yesterday by the police department in Guangdong province.
The gambling syndicate ran on the dark web, accepting bets in the form of bitcoin, ethereum, and litecoin for an eight-month stretch before being apprehended. It attracted more than 300,000 players from different countries, and 8,000 “agents” who earned commissions for recruiting new members through a pyramid scheme-like system, according to the South China Morning Post .
World Cup gambling is big worldwide - but China's been cracking down on it. Most forms of gambling are...

Continue reading ...

 








Huawei's not-so-subtly trolling the iPhone launch today

Huawei's not-so-subtly trolling the iPhone launch today

Apple launches the iPhone XS range to the public today, but Huawei is out in force to remind the public what they could be missing out on - hint: It's the Mate 20 Pro - by... Read more ...

Reigns: la compilation Kings & Queens arrive sur Switch

Reigns:  la compilation Kings & Queens arrive sur Switch

Devolver Digital annonce que Reigns : Kings & Queens regroupe les deux dynasties fondatrices de l'ère Nérial, Reigns et sa suite Reigns : Her Majesty. Read more ...

Audible comes to the Apple Watch

Audible comes to the Apple Watch

Apple's latest Watch Series 4 has enough power to free you from your phone, but apart from music, there aren't a ton of entertainment options. Now, Audible's audiobook app has... Read more ...

Apple fans queue to buy new iPhone XS and XS Max despite £1,449 price tag

Apple fans queue to buy new iPhone XS and XS Max despite £1,449 price tag

Read more ...

First iPhone XS drop test says the phone is nearly indestructible, but glass...

First iPhone XS drop test says the phone is nearly indestructible, but glass is still glass

The day you've been waiting for is finally here. Your brand new iPhone is either shipping on Friday, or awaits in a retail store. It's also the day when regular users get to... Read more ...

The Morning After: Amazon's Alexa-powered microwave, iOS 12 reviewed

The Morning After: Amazon's Alexa-powered microwave, iOS 12 reviewed

The Alexa-powered Amazon microwave you didn't ask for is here. The company's big hardware splurge encompasses your car, your kitchen and even your walls. There's upgraded Echo... Read more ...

Now TV deals: save up to 50% on Sky Cinema and get the biggest and newest...

Now TV deals: save up to 50% on Sky Cinema and get the biggest and newest movies today

Enjoying Sky Cinema and the latest movies doesn't mean signing up for a lengthy contract these days, not when you can get a super cheap Now TV deal like this one instead. We've... Read more ...

Music streaming is now 75% of all industry revenue in H1 2018

Music streaming is now 75% of all industry revenue in H1 2018

The first half of the year is behind us, and the RIAA (Recording Industry Association of America) has just issued its 6-month report about the music industry market. Revenue... Read more ...

Upcoming Nokia 7.1 Plus leaks out again in new 360-degree renders

Upcoming Nokia 7.1 Plus leaks out again in new 360-degree renders

Just over 24 hours ago, the first press renders of the upcoming Nokia 7.1 Plus leaked online confirming yet another notched display. Today, backing up yesterday's images, a new... Read more ...

Google confirms it's letting third parties scan your Gmail

Google confirms it's letting third parties scan your Gmail

Google warns users to check their permissions. Well, duh Read more ...