Bitcoin has been gaining mainstream acceptance as a mode of payment for various institutions and now its latest success is in the realm of high-stakes casinos, both online and Vegas-based.
With the gambling industry heavily regulated, how long will it take until the crypto-currency will be accepted as legal tender for chips and payouts?
Authorities in the US are planning to auction off the crypto-currency seized in the 2013 raid of Silk Road.
Ross Ulbricht, who is under prosecution for his involvement in underground website Silk Road, says the US government has no right to seize his Bitcoins, arguing that confiscation was illegal.
A gaming company has sneaked in Bitcoin-mining code into a software update, and for a time turned its players’ computers into zombie machines, warranting a $1 million settlement in a class action lawsuit.