BetVIP Shuts Down Service – Cloudbet Acquires Player-base and Balances

The Bitcoin betting industry is growing at a rapid rate these days, but it seems that the glory days may be over for some Bitcoin operators. One of the more prominent Bitcoin betting sites in the industry, BetVIP, announced earlier this week that they have closed their doors for good.

It all started out on June 12th when BetVIP suspended their sportsbetting trading for all customers, with the rest of their products following shortly after. The management then made a decision to look for other companies to take over their players.

The reason for the closure of BetVIP has been described by the BetVIP management as a mixture of the early nature of the Bitcoin betting industry and also because of the increase in regulations and legal environments around the world.

BetVIP had obtained a license in Curacao to operate their business under, something which many Bitcoin sites does not have. While having a license is good for the customers, it does create some limitations towards a Bitcoin business, which BetVIP probably felt while trying to operate.

Initially it was not possible for the customers of BetVIP to access their accounts and their funds, but now it has been made official that Cloudbet will take over all of BetVIP’s customers and bankrolls.

Cloudbet is one of the leading online Bitcoin bookmakers and casino sites, having grown rapidly in the past years time thanks to their fast cash outs, innovative betting platform and good promotions. That combined with high limits on all the popular sports, has made Cloudbet a popular place to place bets and play casino games for many players and now players of BetVIP can join as well.

Should the customers of BetVIP not wish to continue to gamble with their Bitcoins and instead want them cashed out, then they are free to do so. Cloudbet will honour all balances and all Bitcoins are available for cash outs without any requirements,

“Acquiring the BetVIP player base brings relief to BetVIP players who have been waiting several weeks for access to their funds,” said Leandro Rossi, managing director of Cloudbet. “We have made the transition as seamless as possible for players, and they can access their accounts and funds immediately at Cloudbet”

“This strengthens the Cloudbet brand as well as both the bitcoin and betting communities,” Rossi continued. “BetVIP customers can enjoy all of the exciting sports betting, casino, and mobile services that Cloudbet offer, safe in the knowledge that they are supported by Cloudbet’s track record and history of delivering high-quality and safe online betting services.”

It happens once in a while that well-known brands closes their doors in the gaming industry, but not in all cases the players gets their funds returned. Cloudbet saw an option to boost their business, but they also cared enough about the Bitcoin and the industry to not let a scandal burst into mainstream media and save all of the players funds.

If you were a player on BetVIP, all you have to do to access your funds is to login to Cloudbet with your details and you can see everything. You can also have a look at our offers for Bitcoin sportsbook sites and find a safe, reliable and high-odds site to wager your Bitcoins on here.

Arrest Warrant Issued In Nevada For Bryan Micon

While the Bitcoin is moving forward like an unstoppable train across the world, with more and more companies embracing the coin and more merchants accepting it, it’s not everyone who is currently enjoying it as much.

Bryan Micon, professional poker player, former chairman of SealsWithClubs and current owner of SwCpoker, has got a arrest warrant issued on him in the state of Nevada, which practically means that if he goes to the US he will be arrested.

Micon has been charged with a Class B felony, for operating an unlicensed and unregulated poker site in the state of Nevada. Should he be arrested, trialed and found guilty, Micon can be looking at up to 10 years in prison and a fine upwards of $50,000.

While there are no exact details available from the state attorney yet, they have announced that they will be hosting a press conference to give the press the details about the case and what it is exactly that Micon did that was against the law.

What we do know is that the charges against Micon is for running the Bitcoin poker site SealsWithClubs, which was shut down in February, right after Micon’s Las Vegas residence was raided by local police forces and the Nevada Gaming Commission. 

The police raid was unwarranted and Micon explained in this video that his house door was kicked down by police forces with big guns, who didn’t listen when he said that he wasn’t going to do anything. Furthermore they scared his kids and wife during the raid, only to confiscate a few computers.

“A bunch of guys with guns broke down my door, put me in handcuffs, serving a warrant from the Nevada gaming commission. The 10 agents stole most of my electronics” Micon says in the video, adding:

“After I was lead out in handcuffs in my underwear, it was pretty clear that it was proper to leave sooner rather than later and I didn’t really want my two-year-old daughter, whom I love very much, to grow up in a police state where creativity was met with guns and what not.”

Shortly after the raid, SealsWithClubs shut down and asked players to cash out their Bitcoins as soon as possible to avoid troubles. Micon then decided that he wanted to continue operating SealsWithClubs and opened up its sister-site SwCpoker, which is currently operating without issues.

The case in general seems a bit like an overkill as SealsWithClubs was not making millions from offering Bitcoin poker. While they did serve US players, there are plenty of bigger poker networks and sites out there who does the same.

Micon left for Antigua shortly after the raid in his home and probably doesn’t plan on going back to the US to face a trial for operating a Bitcoin poker site in the state. Micon stated through his lawyer that he doesn’t feel like he did anything wrong or unethical in operating the site.

“Bryan has always maintained that he committed no wrongdoing, but I’m not in a position to comment on the Attorney General’s filing because I haven’t seen it,” said defense attorney Richard Schonfeld to ReviewJournal.com.

Betkurus Bitcoin Gaming Site Receives $670,000 in Investments

The Bitcoin gaming industry has been growing rapidly the past years, with more and more new sites popping up, as well as established sites integrating the cryptocurrency as a payment method. Furthermore it is expected that the Bitcoin gambling industry will grow even more in the next few years, which makes it interesting for investors looking towards the gambling industry.

While the Bitcoin gambling industry started out with some small sites started by people with little to no experience in the field, it is now seeing a takeover from experienced gambling industry people. These people are looking to take the Bitcoin gambling industry to the next level and make it as popular as the fiat-money industry currently is.

One of the sites who are looking to benefit from the popularity of the Bitcoin is the Turkish Bitcoin gambling site betkurus.com, who serves customers from around the world, but started out in Turkey.

The site was launched back in October of 2014 and went in a direction that we see more and more sites do, obtaining a gaming license to offer regulated and safe games. They hold their license in Curacao, who regulates all financials, games and everything else to ensure the safety of the players and the games at all times.

Betkurus is looking to take over a substantial part of the Bitcoin gambling industry and has just received $670,000 in investments to make that happen. The investment came from Hong Kong-based payments provider company CoinMatrix, who are looking to help Betkurus develop their product line to gain market shares.

Besides the massive investment in Betkurus, CoinMatrix also integrated cutting-edge payment systems into their platform. It is now possible for customers to have instant Bitcoin-to-fiat deposits done on their accounts, without having to wait hours for the site to find the correct exchange rate.

This provides players with the possibility to turn their Bitcoins into fiat-money instantly at market rate and gamble anonymously on the site, through the currency of their choice which includes USD, Euro and many more.

There’s no need for any banking accounts, to verify their identity or similar hassles before starting to play. It also provides the stability in value that the fiat currency provides along with the security of the Bitcoin as every transaction is recorded on the blockchain.

The Bitcoin gambling industry is currently being valued at around $320 million annually, but the numbers are increasing every year, with the fiat-money gambling industry also integrating Bitcoins as a payment method in a rapid paste.

While this does provide a great way to gamble without having to care about the volatility of the Bitcoin, it is not going to replace Bitcoin-only gambling. Many people prefer to just deposit their Bitcoins, play and then cash out, without having to think about the fiat-value of their coins.

There are many good sites that you can bet with Bitcoins on, which you can find in our review section.