The first chance to win a lottery jackpot of 1025BTC

Irish lottery Lottoland gives a chance to win a 1025BTC in a daily draw
21 December 2017   473

While the craze around Bitcoin just wouldn't die down, the online casinos have already jumped onto the hype train and gotten unimaginable revenues. And now you have the chance to go from beating yourself up for not purchasing bitcoin early on to having a 1000+ BTC balance. And Lottoland – one the best-know Irish lottery operators since 2013 – gives that chance to anybody gutsy enough to pick six numbers for their daily draw.

Lottoland is already known for its controversial decisions about letting bets on lotteries outside of its jurisdiction, like Europe's Mega Millions and American Powerball. This contributed to Lottoland's quick rise in popularity, and now they offer a unique chance to play with fiat currency and win the grand prize in Bitcoin.

While there will be only one person to get a $18 million jackpot, smaller payouts are also possible, with every seventh bet winning a prize of some kind.

The hot question around the lottery is whether the victor will be brave enough to take their prize in Bitcoin, or opt out for a more conventional payout in government-issued fiat currency? Such a multi-million money windfall, while tempting to cash in early, can be multiplied overnight with how volatile is the price of Bitcoin, or crash and burn, leaving the winner with scraps instead of a fortune. We'll have to wait and see.

The only thing left to say is, good luck to participants and thanks to Lottoland for giving us all this chance for a big win.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   103

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission