Payout for asset holders
Bitcoin gambling service SatoshiDice has been purchased by an anonymous source for 126,315 bitcoins (USD11.4m). The website, also known as S.DICE, was launched last year. The firm runs a gambling platform that involves users placing bets by sending bitcoins to an address. Once sent, a generator determines how much money is made or lost. SatoshiDice describes the system as trustworthy and nearly instant in payment.
SatoshiDice founder Erik Voorhees made the announcement on a message board in which he informed asset holders of a payout. Voorhees adds that the unidentified buyer will take over ownership, operations and management. He co-founded BitInstant and claims to store his assets as bitcoins.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
