THE LEDGER: Bitcoin surges, UK welcomes crypto businesses, Dexsport & Divvy.Bet new features

This week's round up includes Bitcoin's recent surge along with a few altcoins, the UK's commitment to crypto businesses and new crypto gambling features

Bitcoin surged this week from monthly lows from around mid $25k to just over $30k towards the end of June. As a result, numerous altcoins have risen to match Bitcoin's strength.

Solana climbed about 12% following Bitcoin’s pump along with Litecoin at 14% and even Bitcoin Cash at 117%. There’s a chance that Bitcoin’s rally will continue but nobody knows when and if their speculations will come be confirmed.

In other news, crypto has officially been recognized as a regulated financial asset in the UK. The Financial Services and Markets Act of 2023 legitimizes cryptocurrencies (including stablecoins) as financial assets.

More at CGN: FTX seeks investors for cryptocurrency exchange reboot

The law, originally proposed in 2022, will give UK regulators greater control over cryptocurrencies and other finances. The new law will contribute to the UK’s aim of becoming a global crypto hub to facilitate and attract crypto businesses and financial industries related to crypto to the UK.

In early June technology investment company A16z opened their first international office in London. The investment firm widely popular in the crypto world may have chosen London thanks to the UK’s growing interest in crypto businesses.

In gambling news this week Dexsport unveiled new website features in a widespread update. One of the new features dubbed ‘Quick Bets’ aims to improve the Dexsport user experience.

The feature will give users the ability to make desired bets through the site by simply clicking a button, bypassing usual traditional steps, and instead simplifying the betting experience on Dexsport. New games have also been added to Dexsport for both experienced and beginner users.  For more on Dexsport check out our most recent QnA with the team.

More at CGN: BetFury crypto platform hosts massive event with $800K prize pool

Alongside Dexsport’s new features crypto betting platform Divvy.Bet is gearing up to release their new NFT membership passes to improve the site’s betting experience and allow users to take part in unique special events.

On June 29 the company teased four images of what the membership passes may look like in anticipation of their launch on the Solana blockchain. Discover more about Divvy.Bet by delving into our recent QnA.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Alex Buckley

Alex is an editor at who focuses on cryptocurrency and web3 gambling.

Similar News