Tech
From High Stakes to High Tech – CasinoAus is Leading the Way in Australian Casino Comparison
Since its launch in 2017, CasinoAus has swiftly risen to become one of Australia’s leading casino comparison platforms. Known for its comprehensive and reliable reviews, the site has established itself as a key player in the Australian online gaming community and served as a trusted resource for almost 1 million players seeking the best online gambling experiences.
In this exclusive interview, Philip Hoey, Director of CoinJournal, sat down with Jamie Bungaree, the Head of Casino Games at CasinoAus, to discuss the growth of the CasinoAus platform. Jamie delves into how CasinoAus evaluates online casinos, the growing influence of cryptocurrencies in the online gambling sector, and the potential impacts of Australia’s recent ban on crypto payments to online casinos.
Jamie Bungaree, Head of Casino Games at CasinoAus
Philip Hoey: Thanks so much for taking the time to speak with CoinJournal, Jamie. Can you tell us a bit about your background and how you got into the online casino industry?
Jamie Bungaree: Certainly Philip, my background is in journalism, where I spent several years covering various aspects of the gaming world. My fascination with casino games, especially pokies and table games, naturally led me to delve deeper into the industry. About eight years ago, I made the transition from writing about games to working directly within the iGaming sector. This move allowed me to combine my writing skills with my passion for gaming. I’ve been involved in the industry ever since, working with several iGaming brands before joining CasinoAus which continues to be the major casino review brand that I have worked for in my professional career.
PH: What’s your role at CasinoAus, and what do you enjoy most about the role?
JB: As the Head of Casino Games at CasinoAus, I lead our team in evaluating and reviewing the latest casino games. My role involves ensuring our content is informative, engaging, and helps players find the best games to suit their preferences. What I enjoy most is the thrill of discovering new games and the challenge of dissecting their mechanics to provide valuable insights. Being part of a constantly evolving industry is exciting, and I love sharing my passion for gaming with our readers.
PH: What sets CasinoAus apart from other online casino comparison services?
JB: What truly sets CasinoAus apart is our dedication to providing detailed, unbiased reviews and the latest industry insights. Our team is deeply passionate about gaming, and we always go the extra mile to evaluate each casino or game thoroughly. We prioritise transparency and honesty, ensuring our readers get a clear and accurate picture of their options. Adding to that, we prioritise aligning ourselves with government regulations to ensure our users are kept safe from blacklisted casino sites. And we are committed to educating our users about responsible gambling by providing comprehensive guides where new players can learn about gambling and casino games. This dedication to quality, safety, and local relevance makes us a trusted resource for Australian players.
PH: How much research and analysis goes into each casino or gaming site review on CasinoAus?
JB: At CasinoAus, we take our research and analysis very seriously. Each review involves a comprehensive evaluation process, examining various aspects of the casino or game being reviewed. This includes assessing the game selection, user interface, customer service, payment options, and overall user experience. We also look into the site’s licensing and regulatory compliance to ensure it meets high standards of fairness and security. Our team spends considerable time playing the games, and initiating chats with the support team, creating tickets to investigate how the casino treats its users and how effectively they solve issues. This gives a genuine first-hand experience when testing the features. Further to that, the reviews we produce are not only from a player’s perspective, we also offer feedback to the operator when reviewing their brand, this can be great for the continual improvement of their services and portfolio.
PH: What are ‘pokies’, and are they unique to the Australian gambling sector?
JB: ‘Pokies’ is the colloquial term used in Australia and New Zealand for slot machines. It originates from the original ‘poker machines’ which were so called because the winning lines are similar to poker hands, 3 of a kind, 4 of a kind and so on, over time, ‘pokies’ became an easily recognised abbreviation. While they operate on the same principles as slot machines found worldwide, pokies hold a special cultural significance in Australia. They are trendy in pubs, clubs, and casinos across the country. Although slot machines are a global phenomenon, the term ‘pokies‘ and their widespread presence in local establishments are unique to the Australian gambling sector. Their design can sometimes reflect Australian themes and preferences, adding a distinct flavour to the gaming experience.
PH: How do you see the online gambling market evolving in the next five years?
JB: The online gambling market is poised for significant evolution over the next five years. I anticipate a continued shift towards mobile gaming as more players prefer the convenience of accessing their favourite games on smartphones and tablets. We will likely see technological advancements, particularly in virtual reality (VR) and augmented reality (AR), enhancing the immersive experience. Then, blockchain technology and cryptocurrencies are already revolutionising payment methods, offering greater security and transparency. The industry will also see increased regulation and focus on responsible gambling practices, ensuring a safer environment for players. Overall, the future of online gambling looks dynamic and innovative, with technology driving much of the change.
PH: How do you see the relationship between traditional casinos and online casinos evolving?
JB: I see the relationship between traditional and online casinos becoming increasingly symbiotic over the next few years. Traditional casinos recognise the value of having a solid online presence and invest in digital platforms to complement their physical locations. This hybrid approach allows them to reach a broader audience and offer a more diverse range of experiences. On the other hand, online casinos are benefiting from the credibility and brand recognition that traditional casinos bring. We’re also likely to see more integrated loyalty programs where players can earn rewards both online and in physical casinos. This evolving relationship will enhance the overall gaming experience, offering players the best of both worlds.
PH: How important is distributed finance to the growth of the online casino sector?
JB: Distributed finance, or DeFi, is becoming increasingly important to the growth of the online casino sector. DeFi offers enhanced security, transparency, and transaction efficiency, which are critical for building trust with players. By leveraging blockchain technology, online casinos can provide verifiable fairness in games, secure payment methods, and faster transaction processing times. Additionally, cryptocurrencies can attract a broader audience, particularly tech-savvy players who prefer these payment options. As the online casino industry continues to evolve, the integration of DeFi will likely play a significant role in shaping its future, providing a more secure and user-friendly gaming environment.
PH: What impact is Australia’s ban of crypto payments to gambling sites likely to have on the online casino market in your home market?
JB: The ban on crypto payments to gambling sites in Australia is likely to have a significant impact on the online casino market. For one, it will limit the payment options available to players, particularly those who prefer cryptocurrencies’ anonymity and security. This might drive some players to look for offshore sites that still accept crypto payments, potentially leading to a shift in player base and revenue being lost to the unregulated market. It could also slow the adoption of innovative blockchain technologies within the local industry, hindering advancements in transparency and security. However, this could also push local operators to boost their traditional payment methods and improve the overall user experience to retain and attract players.
PH: Is the changing regulatory landscape in Australia likely to affect CasinoAus’s own business model?
JB: The changing regulatory landscape in Australia will indeed impact CasinoAus’s business model. As regulations evolve, we are always ready and open to adapting to ensure our operations remain compliant while continuing to serve our readers effectively. This could involve updating our review criteria, again, something we are always open to, particularly around payment methods and game offerings, to reflect the new legal standards. It could also mean a greater emphasis on responsible gambling practices and promoting sites that adhere strictly to these regulations. While these changes present challenges, they also offer opportunities to reinforce our commitment to transparency and trustworthiness, ultimately benefiting our audience and maintaining CasinoAus as the leading casino review site in Australia.
PH: What are your views on GambleFi tokens?
JB: To me, GambleFi tokens represent an exciting development in connecting blockchain technology and the gambling industry. These tokens can provide enhanced transparency and security, as well as enabling innovative features like decentralised betting and smart contracts. However, we must approach them with caution. The regulatory environment around cryptocurrencies and gambling is still evolving, and there are risks associated with volatility and potential fraud. While GambleFi tokens have the potential to revolutionise the industry by offering new ways to engage and reward players, both operators and players must stay informed to ensure they are complying with the latest regulations and best practices.
PH: Are there any particular GambleFi coins or tokens you’d be keen to invest in yourself?
JB: Good question! While I find the concept of GambleFi tokens intriguing, I prefer to remain cautious and not endorse any specific coins or tokens publicly. The market for these tokens is still relatively new and volatile, and it’s essential to conduct thorough research before making any investments. Personally, I like to focus on understanding the technology and regulatory landscape surrounding these tokens rather than committing to specific investments. If you’re going to invest, it’s crucial to stay informed and consider the risks and potential benefits before diving into the GambleFi space.
PH: What about the OG of crypto – where do you see Bitcoin going in the next 1, 2 and 5 years?
JB: Bitcoin, the original and most well-known cryptocurrency, will likely continue playing a pivotal role in the crypto market over the next few years. In the next year, I expect Bitcoin to maintain its volatility but also see increasing acceptance as a legitimate form of payment and store of value. Within two years, as regulatory frameworks become clearer and more supportive, we could see broader institutional adoption, which would contribute to more stability and higher valuations. Over the next five years, Bitcoin might solidify its position as a digital gold, a hedge against economic uncertainties, and a core asset in diversified investment portfolios. However, we should keep in mind the crypto market is highly unpredictable, and any investments should be approached with careful consideration and awareness of the risks.
PH: Can you share any upcoming technological innovations or features that CasinoAus is working on at the moment?
JB: While I can’t reveal too much just yet, I can say that CasinoAus is indeed working on some exciting and innovative features. Our team constantly explores new technologies to enhance the user experience and provide even more valuable insights for our readers. We’re particularly focused on leveraging the latest advancements to improve our review processes and offer more personalised content. Stay tuned, as we’ll be sharing more details soon, such as how AI could be leveraged to analyse player behaviour and provide personalised recommendations on bonuses and promotions. Rest assured, we’re committed to staying at the forefront of the industry and bringing our audience the best possible experience.
PH: What are your future plans for CasinoAus in terms of growth and development? Any plans to launch your own GambleFin token?
JB: Our plans for CasinoAus are centred around continuing to grow our platform and enhance the value we provide to our readers. We aim to expand our content offerings, incorporating more in-depth reviews, industry news, and expert insights to keep our audience well-informed. As for launching our own GambleFi token, it’s an exciting idea that we are exploring, but there are no immediate plans at this stage. Our primary focus remains on improving our core services and ensuring we remain a trusted resource in the online casino review space. We are always on the lookout for new opportunities to innovate and grow, so who knows what the future might hold!
Share this article
Categories
Tech
The Information Hires Peterson to Cover Tech, Finance, Cryptocurrency
My life is nice
Tech news site The Information has hired Business Insider actress to cover technology, finance and cryptocurrencies.
She was part of Business Insider’s investigative team. She was also previously a corporate technology reporter and a technology deals reporter.
Peterson has been with Business Insider since June 2017 and is based in the San Francisco office.
She previously worked for Folio as an associate editor. She holds a bachelor’s degree from the University of California-Davis and a master’s degree from New York University.
Chris Roush
Chris Roush is the former dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. Previously, he was the Walter E. Hussman Sr. Distinguished Professor of Business Journalism at UNC-Chapel Hill. He is a former business reporter for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune, and the Sarasota Herald-Tribune. He is the author of the leading business journalism textbook, Show Me the Money: Writing Business and Economics Stories for Mass Communication, and of Thinking Things Over, a biography of former Wall Street Journal editor Vermont Royster.
Tech
Trump Courts Crypto Industry Votes, Campaign Donations
About the article
- Author, Brandon Livesay
- Role, BBC News
-
July 27, 2024
Donald Trump said at one of the biggest cryptocurrency events of the year that if he is re-elected president, he will fire the chairman of the U.S. Securities and Exchange Commission (SEC) on his first day.
On Saturday, Trump was the keynote speaker at Bitcoin 2024, a gathering of industry heavyweights in Nashville, Tennessee.
The Republican presidential candidate used the event to woo voters and encourage the tech community to donate to his campaign.
Cryptocurrencies have emerged as a political battleground for Republicans, with Trump saying that the Democratic Party and Vice President Kamala Harris were “against cryptocurrencies.”
The crowd was at its most animated when Trump declared, “On day one, I will fire Gary Gensler,” the SEC chairman appointed by now-President Joe Biden. The crowd applauded loudly and began chanting “Trump” at this statement.
SEC files charges against ‘Cryptocurrency King’ Sam Bankman-Frittosentenced to 25 years for stealing billions of dollars from customers of his cryptocurrency exchange FTX.
Speaking for about 45 minutes, Trump outlined some of his ideas for the industry if he wins the November election. He said he would make the United States the crypto capital of the world. His support for the sector is a 180-degree reversal from his comments in 2021, when he told Fox Business he saw Bitcoin as a “scam” that influence the value of the US dollar.
Trump told the crowd at the event that he would retain 100% of the Bitcoin currently owned or acquired by the U.S. government, adding that it would be a “national stockpile of Bitcoin.”
The former president also said he would “immediately appoint a presidential advisory council on Bitcoin and cryptocurrencies.”
He talked about the power needed to mine cryptocurrencies. “It takes a lot of electricity,” he said, adding that he would build power plants “to do that” and that it would “use fossil fuels.”
In recent months, some tech leaders have seen growing support for Trump’s presidential campaign. Tesla founder Elon Musk, who is the world’s richest person, has backed Trump. And cryptocurrency moguls the Winklevoss twins, who attended his speech on Saturday, have also come out in support.
Trump noted that his campaign accepts cryptocurrency donations, saying that in the two months since allowing cryptocurrency transactions, he has received $25 million (£20 million) in donations. However, he did not say how much of the payments came from cryptocurrency.
Trump used his speech to frame cryptocurrency regulation as a partisan issue, saying the Biden administration was “anti-crypto.”
Several Republican lawmakers also attended Trump’s speech, including Senators Tim Scott and Tommy Tuberville. Former Republican presidential candidate and Trump ally Vivek Ramaswamy was also in attendance.
The event was also attended by independent presidential candidate Robert F Kennedy Jr. and Democratic Party congressmen Wiley Nickel and Ro Khanna.
Earlier, during Bitcoin 2024, Democratic Congressman Nickel said that Kamala Harris was taking a “forward-thinking approach to digital assets and blockchain technology.”
Tech
WazirX Crypto Exchange Hack and Its Bounty Program: What Does It Mean for Crypto Investors in India?
On July 18, India Cryptocurrency exchange WazirX has been hit by a cyber attack which resulted in the loss of over $230 million worth of digital assets from one of its wallets. The exchange responded by suspending regular trading and reporting the incident to Indian authorities and other cryptocurrency exchanges. The company also launched two reward programs for ethical hackers who can help the exchange trace, freeze, and recover stolen funds.
WazirX said there was a cyberattack on a multi-signature wallet operated through a digital asset custodian service known as Liminal. Multi-signature wallets have a built-in security feature that requires multiple parties to sign transactions.
“The impact of the cyberattack is over $230 million on our clients’ digital assets,” WazirX said in a blog post, adding that INR funds were not affected. The company has firmly denied that WazirX itself was hacked and has brushed aside rumors that it was tricked by a phishing attack.
The exchange also noted that it was “certain” that its hardware keys had not been compromised, adding that an external forensic team would be tasked with investigating the matter further.
But Liminal, after completing its investigation, said: “It is clear that the genesis of this hack stems from three devices compromised by WazirX.”
Meanwhile, WazirX founder and CEO Nischal Shetty said that the attack would have been possible only if there were four points of failure in the digital signature process.
Who is behind the cyber attack?
WazirX has not yet disclosed the suspected parties or perpetrators responsible for the hack. However, news reports have emerged that North Korean hackers were responsible for the incident.
On-chain analytics and other information indicate “that this attack was perpetrated by hackers affiliated with North Korea,” blockchain analytics platform Elliptic said.
In response to The Hindu’s questions to WazirX about the North Korean hackers, cryptocurrency exchange WazirX directed us to its blog and said it was working with law enforcement to investigate whether a known malicious group was behind the attack.
“This incident affected the Ethereum multisig wallet, which consists of ETH and ERC20 tokens. Other blockchain funds are not affected,” WazirX said in its official blog, specifying that approximately 45% (according to preliminary work) of cryptocurrencies were affected by the attack.
The company largely placed the blame on the process of securing Ethereum multisig wallets and said that the vulnerability was not unique to WazirX.
How important is WazirX in the cryptocurrency industry?
WazirX calls itself India’s largest cryptocurrency exchange by volume. As of June 10, it reported total holdings of ₹4,203.88 Crores, or 503.64 million USDT. Tether [USDT] It is a stablecoin, that is, a cryptocurrency pegged to the value of the US dollar, but it is not an official currency of the United States.
When The Hindu tried to access WazirX Public and Real-Time Reserve Proof After the hack, we were greeted with a notice that the page was under maintenance.
WazirX has received both positive and negative reviews in India. The Enforcement Directorate froze the exchange’s assets in 2022, criticizing its operating procedures and lax Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations.
“By encouraging obscurity and adopting lax AML norms, it has actively assisted around 16 accused fintech companies in laundering proceeds of crime using the cryptocurrency route. Accordingly, equivalent movable assets amounting to Rs 64.67 Crore in possession of WazirX have been frozen under the PMLA, 2002,” the ED said in a statement.
What will happen to WazirX assets?
It is unlikely that the stolen WazirX assets will be fully recovered anytime soon. This is due to the very nature of cryptocurrency, where assets can be easily mixed, transferred, converted, and sent to anonymous wallets. The chances of asset recovery are even slimmer if it is confirmed that North Korean hackers are behind the incident.
CEO Shetty said on X on July 22 that “small” portions of the stolen funds had been frozen, but declined to provide further details. He added that the majority of the funds had not been moved from the attacker’s wallet.
In recent years, North Korean hackers have stolen billions of dollars in cryptocurrency, aiming to circumvent various financial and economic sanctions.
WazirX is currently working to resume normal operations and has planned to launch an online survey to decide how to resume trading on the platform.
While the Indian exchange has defended its security practices and highlighted the challenges facing the cryptocurrency industry as a whole, savvy crypto traders will be looking for action plans and accountability, rather than emotional reassurance.
What does your rewards program consist of?
WazirX has announced two bounty programs: one to gain more information about stolen funds, and the other to recover them. Both programs are open to everyone except WazirX employees and their immediate family members.
Under the first program, WaxirX will reward up to $10,000 to anyone who can provide the exchange with information that can help freeze the funds. If the bounty hunter is unable to freeze the funds on their own, they should work with WazirX by providing enough evidence to facilitate the process.
But “if the participant fails to freeze and/or does not cooperate with WazirX to facilitate the freezing of funds, then the participant will not be entitled to any rewards,” the exchange said.
The second program, called White Hat Recovery, is aimed at recovering funds. Participants are offered 10% of the amount recovered as a white hat incentive.
“This reward will be paid only after and subject to the successful receipt of the stolen amount by WazirX. The above rewards will be payable in USDT or in the form of recovered funds at the sole discretion of WazirX,” the exchange noted.
The bounty programs are expected to last for the next three months.
This is a Premium article available exclusively to our subscribers. Read over 250 premium articles each month You have exhausted your limit of free articles. Support quality journalism. You have exhausted your limit of free articles. Support quality journalism. X You have read {{data.cm.views}} of {{data.cm.maxViews}} free articles. X This is your last free article.
Tech
Trump Vows to Make US ‘Crypto Capital of the Planet and Bitcoin Superpower’
Speaking to a crowd of supporters at the Bitcoin 2024 Conference in Nashville, Tennessee, former President and Republican candidate Donald Trump said that if elected, he would make the United States the “crypto capital of the planet and a Bitcoin superpower.”
Trump added that he would “appoint a Presidential Advisory Council on Bitcoin and Cryptocurrencies,” which would have 100 days to “design transparent regulatory guidance that will benefit the entire industry.”
Trump has publicly opposed cryptocurrencies until recently. His latest statements serve as a rallying cry for a tech industry that has long called for more flexible regulatory oversight.
Shortly after taking the stage, Trump spent several minutes naming some of the conference attendees, at one point describing Winklevoss Twins Cameron and Tyler as “male role models with big, beautiful brains.” The former president has continued to speak out against electric car mandates and called for more fossil-fuel burning power plants.
Trump also said he would order the United States to withhold all Bitcoin it currently owns “in the future.” The U.S. government reportedly holds billions of dollars in Bitcoin.
About three years ago, Trump called Bitcoin “a fraud“that is “competing against the dollar.” In February 2024, the former president said that establishing a central bank digital currency would represent a “dangerous threat to freedom.” Yet, in May, Trump declared that he was “good with [crypto]“, adding, “if you’re pro-cryptocurrency you’d better vote for Trump.” That same month, he said he would commute with the Silk Road founder Ross Ulbricht’s Sentencingand his campaign said it would accept cryptocurrency donations.
Recent comments from Trump and independent presidential candidate Robert F. Kennedy Jr. have helped make cryptocurrency regulation a major political issue in the 2024 U.S. presidential election. This comes as the SEC intensifies its scrutiny of the cryptocurrency industry. SEC Chairman Gary Gensler, appointed by President Joe Biden, called the activity “full of fraud, scams, bankruptcies and money laundering.” Trump drew applause at the conference after promising to “fire” Gensler. (U.S. presidents have the power to appoint the heads of many federal commissions, including the SEC.)
With Biden out of the raceVice President Kamala Harris’s campaign advisers have He is said to have contacted to cryptocurrency leaders in an effort to “reset” relations with the industry. Harris’s campaign has not yet said whether her stance on the industry differs from Biden’s.
-
Tech9 months ago
The Latest Tech News in Crypto and Blockchain
-
DeFi9 months ago
🪂EigenLayer Airdrop Claims Go Live
-
News6 months ago
AI meme Raboo and crypto newbie ZRO
-
Altcoins6 months ago
Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail
-
Altcoins6 months ago
Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail
-
DeFi9 months ago
🥛 The “war on DeFi” continues ⚔️
-
DeFi6 months ago
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
-
News6 months ago
Donald Trump vows to make the US a ‘Bitcoin superpower’ and create a national stockpile of tokens
-
DeFi9 months ago
TON Network Surpasses $200M TVL, Boosted by Open League and DeFi Growth ⋆ ZyCrypto
-
DeFi8 months ago
🏴☠️ Pump.Fun operated by Insider Exploit
-
DeFi6 months ago
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
-
Tech6 months ago
Logan Paul Offers Partial Refund for Failed CryptoZoo Game