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Casinos and iGaming are coming to Web3 — with an exclusive new pass granting VIP access and a range of perks. Casinos and iGaming are coming to Web3. Degenverse offers exclusive passes that serve as an entry point to its ecosystem — not to mention a portfolio of casinos that offer an immersive experience.  According to the team members, few projects have focused on the exciting iGaming niche, let alone casinos and online betting. And while some online betting platforms do accept crypto, few offer access to a portfolio of different casinos. The crypto project is backed by BC Game, a community-based casino that offers a plethora of slots and live card games for users to enjoy. It's offering something known as the Degen Pass — a collection of 1,777 NFTs based on the Ethereum blockchain. Beyond granting access to its immersive, customizable digital world, owners are also set to benefit from an array of exclusive perks . There are three ways of getting hold of a Degen Pass. One is to ...

British Members of Parliament (MPs) have claimed that crypto has “no intrinsic value and no useful social purpose” while suggesting the space may be better regulated if it’s treated more like gambling.  The comments were made in a new report on regulating crypto in the UK , published on Wednesday by the Treasury Select Committee, a panel of ​​MPs from across the political spectrum. The report claims that regulating retail trading and investment activity in unbacked crypto assets (such as bitcoin and ether) as a financial service, will “create a ‘halo’ effect, leading consumers to believe this activity is safe and protected when it is not.” Instead, the report says UK crypto should be regulated like gambling .  “Unbacked crypto assets have no intrinsic value, and their price volatility exposes consumers to the potential for substantial gains or losses while serving no useful social purpose,” the report reads. “These characteristics more closely resemble gambling than a financ...