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VAIOT, KuCoin Labs jointly launch crypto-regulation think tank supported by industry experts

Published

2 years ago

March 29, 2023

Reading Time: 3 minutes

VAIOT, the developer of AI-powered digital services for businesses and consumers, launches the Digital Assets Regulation Institute (DARI), fostering forward-thinking regulation informed by the know-how and perspective of companies operating in the crypto space. VAIOT’s $VAI token remains one of the earliest digital assets to be issued within a regulated framework. The company is also among the few to have returned every penny to its investors after it was hacked for $2 million in January.

With the collapse of FTX—the former symbol of legitimacy in digital assets—many blockchain enthusiasts fear investors will step away from the industry. But 58% of institutional crypto investors plan to raise their allocations over the next three years, according to a recent Coinbase report, pointing to a long-term view of the asset class even though prices remain low. There will, however, undoubtedly be a shift toward regulated digital assets with long-term potential. As governments bolster their nascent regulatory infrastructures—ranging from MiCA, the EU’s new crypto-assets regulatory framework, to various U.S. initiatives—it’s crucial they consult with industry practitioners on how to make them effective and ensure the protection of retail investors.

Regulated since September 2020 under strict Maltese legal scrutiny and with oversight exercised by Grant Thornton, a leading accounting and advisory firm, VAIOT positions DARI at the forefront of shaping regulation. The think tank will gather relevant stakeholders, ranging from regulated companies and projects seeking regulation to consulting firms, financial and security auditors, accounting companies, law firms, and VCs, to conduct extensive research and produce reports that will inform government policy across the globe.

VAIOT’s DARI is co-founded by KuCoin Labs, which brings significant experience in research and incubation of Web3 projects based on a strict selection criteria and vetting process. KuCoin Labs is known for gathering both internal and external leading market experts from different project development segments. DARI is also supported by a group of experts, including members of Grant Thornton Malta’s tax, regulatory, and compliance practice.

At DARI, an interdisciplinary body of experts representing the point of view, know-how, and experience of industry participants will create ready-to-implement gold standards and best practices for crypto regulation. Specific working groups will develop reports and conduct focus groups from the perspective of retail investors to ensure policymakers take into account the perspective of every token holder when crafting regulation. DARI will offer up a unified body of knowledge easily accessible and implementable for any company in the industry to utilize. Projects seeking to be regulated will be able to participate in consultation and incubation with DARI’s institutional partners, and the institutional partners will act as consultants for the think tank.

DARI invites companies, experts, and institutions in the crypto industry to join the initiative. Requests and inquiries should be sent to pa@vaiot .ai.

“No one cares about regulation during a bull run when money is being tossed around and investors are making massive gains,” says Pawel Andruszkiewicz, COO of VAIOT and President of DARI. “It’s when everything crashed and burned a few months ago that people came to understand the value of companies, like VAIOT, that comply with stringent regulations. It’s our goal at DARI to ensure effective regulation is at the forefront of the way we think about this industry going forward.”

“We’ve been hearing about governments working on regulation for digital assets for years now,” says Wayne Pisani, Partner and Head of Tax, Regulatory and Compliance at Grant Thornton. “But part of the problem is it’s being developed behind the scenes. Effective regulation requires bottom-up initiative, where companies and entities working within regulatory frameworks can share their opinions and expertise with regulators in a public manner. That’s what DARI is aiming to bring to the industry.”

“It is particularly crucial to join as strong an industry force as possible to ensure an optimal development condition for future crypto builders and users,” states Lou YU, Head of KuCoin Labs, and vice-president to DARI. “We hope to create regulatory synergies among countries and markets, shouldering the fundamental ideologies of crypto but also making them relevant and tangible to all participants. DARI will put efforts into the submission of an official proposal to the European Commission, and is enthusiastic about engaging in regulatory hearings with the relevant European institutions.”

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CryptoWins.com Expands Portfolio with 30 New Slots from NetGame Integration

Published

29 minutes ago

February 26, 2025

George Miller

Reading Time: 2 minutes

40% Match deposit bonus on new NetGame slots for all players this week

CryptoWins the cryptocurrency-only casino that celebrated its 1st anniversary in November 2024, has launched 30 exciting new slots by NetGame, including popular titles like African King, Diamond Shot, Hit in Vegas, Volcano Fruits, and Wild Buffalo. This expansion brings CryptoWins’ total game count to over 470, across 11 software providers.

NetGame’s slots offer an exceptional playing experience through original math models, vibrant art, and unique bonus mechanics. Each game features elements like Free Spins, Progressive Jackpots, Tumbling Reels, Pick’em Bonuses, Re-Spins, Fortune Wheels, Win Both Ways, and more.

Diamond Shot blends classic fruit symbols with exciting bonus features, including three types of scatters: a regular one, a stacked one for bigger prizes, and one that unlocks the tile match bonus with up to 25 free spins and a 3x multiplier, plus the possibility of a special wild.

Hit in Vegas takes you to Sin City with a 25x multiplier in the base game and a 1000x multiplier on the Wheel of Fortune. With 15 free spin features offering locked wilds, highest symbols only, and scatter pay wins, a fortune could be yours.

“At CryptoWins, we’re committed to bringing players the best entertainment possible, and with each new partnership, we expand our diverse game offerings. The cryptocurrency landscape continues to evolve, and we’re excited to be at the forefront,” says Michael Hilary, CryptoWins Manager.

In addition to the NetGame launch, CryptoWins introduced new slots from Rival in November and Felix Gaming earlier this year. The casino is also set to introduce brand-new types of games this Spring.

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CryptoWins continues to raise the bar for online gaming, providing innovative and secure experiences for cryptocurrency enthusiasts.

The post CryptoWins.com Expands Portfolio with 30 New Slots from NetGame Integration appeared first on European Gaming Industry News.

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Altenar serves up improved tennis vertical

Published

29 minutes ago

February 26, 2025

George Miller

Reading Time: < 1 minute

The upgraded offering will give operators access to increased in-play opportunities and new micro markets

Altenar has enhanced its sportsbook offering with an upgraded tennis vertical, now featuring official TDI data through a strategic integration with Sportradar.

The recent launch brings fast, live data from ATP and Challenger Tour events, increasing the number of in-play betting opportunities and introducing innovative micro markets. By leveraging Sportradar’s advanced AI and deep tennis data from TDI, Altenar can now process hundreds of thousands of data points from every match, offering a significant boost in betting options for users.

The introduction of micro markets allows users to bet on events with an immediate result, such as next serve, break points or the total number of shots in a point. This new feature is expected to enhance the user experience and drive further engagement, as micro markets have already proven to be successful in soccer and major US sports.

Altenar’s commitment to utilising premium data from official rights holders underlines its focus on delivering a superior sportsbook experience. The improvements aim to boost retention rates for operators, ultimately leading to greater revenue.

Antonis Karakousis, Director of Operations at Altenar, said: “This is a pivotal opportunity to achieve our growth ambitions. By integrating cutting-edge tennis data, we are providing unique betting options and the lowest possible latency across all our operators, driving innovation in the industry.”

The post Altenar serves up improved tennis vertical appeared first on European Gaming Industry News.

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Tom Horn Gaming lights up the reels with Wild Skyfire

Published

29 minutes ago

February 26, 2025

George Miller

Reading Time: 2 minutes

Tom Horn Gaming, a leading supplier of iGaming content, is thrilled to announce the release of its latest slot game, Wild Skyfire, launching on 4 March. This enchanting slot transports players to the serene town of Hanabi, where a breathtaking fireworks-lit night sky sets the stage for an unforgettable gaming experience.

Blending traditional slot mechanics with a cosy, atmospheric aesthetic, the slot offers players a new way to enjoy gaming – one that’s both familiar and refreshingly different.

Classic Features Meet a Unique Ambience

Unlike fast-paced, high-intensity slots, Wild Skyfire takes a different approach, immersing players in a calm yet engaging environment. Its medium volatility ensures a balanced gaming experience, appealing to both casual and seasoned players alike.

One of the standout features of Wild Skyfire is the Wild symbol, which appears in both the base game and the bonus round. In the base game, the Wild symbol forms wild clusters, increasing the chances of higher wins.

Free Spins, triggered by three Scatter symbols, introduces Sticky Wilds for greater win potential. When activated, any Wild symbols that land during the Free Spins round remain in their positions for the duration of the feature, maximising the opportunities for big wins. Players can retrigger Free Spins multiple times, with each Scatter symbol awarding an extra spin.

For players who enjoy instant action, Wild Skyfire offers a Special Offer Bonus Buy feature. This allows players to immediately access the Free Spins round by purchasing it directly, skipping the wait and diving straight into the most thrilling part of the game.

“With Wild Skyfire we wanted to create something that stands out from the typical high-energy slots, offering a tranquil yet captivating adventure. Its serene atmosphere provides players with an immersive escape while delivering the action they love,” said Katarina Slaninova, Head of Marketing Communications at Tom Horn Gaming.

By offering a game that seamlessly blends tranquillity with gameplay excitement, the company caters to a broad audience looking for both traditional slot thrills and something refreshingly different.

Players can experience the magic firsthand when the game goes on general release on 4 March. They’re invited to explore the captivating world of Hanabi, where big wins shine as bright as the fireworks overhead.

The post Tom Horn Gaming lights up the reels with Wild Skyfire appeared first on European Gaming Industry News.