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Market news: Nvidia CEO Jensen Huang said that H200 chip production is "progressing smoothly".On January 7, the Russian Foreign Ministry stated that Moscow is closely monitoring unusual activity surrounding the Russian oil tanker "Mariner." The vessel is currently flying the Russian Federation flag and sailing in international waters of the North Atlantic, fully complying with international maritime law. The Foreign Ministry emphasized that "for incomprehensible reasons, the US and NATO militaries are giving this Russian ship an excessive level of attention that is clearly disproportionate to its peaceful navigation. For several days, a US Coast Guard vessel has been tailing the Mariner, even though the tanker is approximately 4,000 kilometers from the US coast." The Foreign Ministry noted that Moscow hopes Western countries that claim to be committed to upholding freedom of navigation on the high seas will lead by example in practicing this principle.Fitch: If Venezuelan crude oil supplies suddenly increase significantly, Canadian crude oil exports may face price pressure.Fitch: The U.S. actions in Venezuela have a limited impact on North American oil producers.On January 7th, U.S. Vice President Vance stated that he had been briefed weeks in advance about the operation in Venezuela and initially doubted its success without American casualties. He called the final outcome of the operation "flawless" and said that the capture of Venezuelan President Maduro would help reduce energy costs. "Most importantly, this means we will have greater control over the worlds energy resources, leading to better economic outcomes for our people and leveraging these resources to achieve greater peace and prosperity," Vance asserted.

U.S Virtual Casino Sands Vegas Ordered to Shut Down for NFT Sales

Skylar Shaw

Apr 15, 2022 10:34


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For NFT sales, two US states filed cease-and-desist orders against Sands Vegas Casino Club.


According to reports, Sands Vegas Casino Club sold NFTs to build a Metaverse casino.


NFT holders are eligible to get revenue shares from metaverse casinos.


NFTs and the Metaverse continue to pique people's interest. Mainstream players have embraced Web3 and are hard at work figuring out how to infuse brands into NFTs and the Metaverse in order to attract customers.


Over the years, online gaming has grown in popularity. The Metaverse and the growth of NFTs provide online gaming platforms with a new avenue to explore and elevate the gambling experience to a whole new level.

Texas and Alabama Issue Sands Vegas Cease-and-Desist Orders

US authorities from two states issued cease-and-desist orders against Sands Vegas Casino Club on Wednesday.


The online casino has sold NFTs to support its activities, according to the two states. The NFTs were an unlawful securities offering, according to Alabama and Texas state statutes.


The virtual casino provided "11,111 Gambler NFTs in conjunction with their building metaverse casinos in popular metaverses such as the Sandbox, Decentraland, Infinity Void, and NFT Worlds," according to a press statement from the Texas State Securities Board.


"Gamblers, operating via avatars, may access the metaverse casino and play poker and other games using cryptocurrency," the press announcement continues. These activities benefit purchasers of Gambler NFTs. They not only become proprietors of the metaverse casinos, but they also allegedly get half of the revenues."


A press statement was also issued by the Alabama Securities Commission on the cease-and-desist order.


Sand Vegas Casino purchased 27 plots in Sandbox (SAND) in January 2022, according to the Sand Vegas plan. Between March and August 2022, the virtual casino sought to satisfy all regulatory/legal standards.


The Sand Vegas Casino Club was up and functioning at the time of writing, with NFTs for sale on OpenSea.

Virtual Casino Growth Likely to Draw Greater Regulatory Scrutiny

Casinos are generating a lot of money in the Metaverse, and this trend is expected to increase as more traditional casinos make their way into the virtual reality.


Decentraland's (MANA) ICE Poker recorded $7.5 in revenue in three months, according to Casino.org.


Decentraland is said to have invested in Decentral Games, a decentralized autonomous organization (DAO) tasked with producing the Metaverse casino ICE Poker. In October of 2021, ICE Poker was introduced.