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Set to deliver Instant Live coverage highlighted by $10,000,000 in guarantees, first poker millionaire of the year

BetMGM, a leading iGaming and sports betting operator, announced today it selected PokerOrg, the fast-growing poker news source, as the official media partner for the $10,000,000 GTD Borgata Winter Poker Open. The series features 22 main events and is powered by BetMGM Poker, the official online qualifier and online registration partner. The 2024 Borgata Winter Poker Open is projected to be the largest tournament series in Borgata Poker history.

PokerOrg will bring the poker world inside the rail with unparalleled coverage from the East Coast’s premier poker destination where the first poker millionaire of the New Year will again be crowned. The experienced PokerOrg team is set to deliver coverage on its Instant Live feed during the entirety of the Winter Poker Open Championship as well as key days of other high-profile events. PokerOrg’s wide-ranging reporting will keep players connected throughout the entire series through written articles, event recaps, seat draws, chip counts, and more across social channels.

“Players are at the core of everything BetMGM Poker does and PokerOrg amplifies poker players’ stories,” said Luke Staudenmaier, Director of Poker, BetMGM. “The Borgata Winter Poker Open will create countless stories over the course of 22 trophy events and we know PokerOrg is going to bring those stories to life. This is just the start of a thrilling year of omnichannel poker events ahead.”

Eric Hollreiser, CEO of PokerOrg, said, “Hot off the heels of our coverage in Las Vegas, PokerOrg is excited to be heading East to bring poker fans all the action from the Borgata Winter Poker Open. Players and fans will be able to follow along as PokerOrg’s independent, player-focused, social-media style of reporting brings all the characters, hands, bad beats, and hero calls to life via our Instant Live feed and our social channels”.

PokerOrg is known for its modern, player-obsessed, social-first and vibrant style of live event poker news. For the latest updates on all the Borgata Winter Poker Open action, follow:

BetMGM Poker is the exclusive home for Online Qualifiers and players can win their way to the Borgata Winter Poker Open from Sunday, December 3 through Saturday, January 20. Borgata Poker Packages are up for grabs every Wednesday and Sunday, with buy-ins as low as $5. Seat-Only Online Qualifiers for individual WPO events will run nightly, from Thursday, December 28 through Saturday, January 20.

Players can also reserve their Borgata Winter Poker Open seat online exclusively on BetMGM Poker.

Online Registration for the Kickoff, Almighty Million, Mystery Bounty, and Borgata Winter Poker Open Championship opens December 3. Online registration for all Borgata Winter Poker Open events closes at 2:05 a.m EST the day of the event. All players that qualify or register online for the 2024 Borgata Winter Poker Open will be awarded BetMGM Poker Swag Bags and are eligible for BetMGM Poker’s Winter Poker Open on-property Spin the Wheel promotion.

PokerOrg has established itself with a fresh, exciting and a highly visual approach to bringing poker news, information and entertainment to life on the web, social channels and at live poker events. PokerOrg represents player voices and passion by leveraging the deep relationships it has with poker players, which is highlighted by its unique Player Advisory Board representing all facets of the game. Moreover, PokerOrg’s staff has an extensive network of sources built up over a combined 100 years of poker experience. PokerOrg has become a poker player favorite through coverage of poker events throughout 2023, including the record-breaking WSOP at the Paris & Horseshoe in Las Vegas, the WSOP Circuit Events and the Moneymaker Tour events in Florida and Cincinnati.


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Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing




Global Supply Chain Finance Market

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Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest




Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.


The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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ASIC cracks down on blockchain mining firms




Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.


The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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