Bitcoin Daily: Atari To Open Blockchain-Based Online Casino; Court Rejects Investor Request To Reclaim $175 Ripple Investment; Bitcoin Tech Firm NYDIG Raises $200 Million

Atari, looking to cash in on the popularity of non-fungible tokens (NFTs), plans to open a casino in the coming months, according to a report from The Business Times.

The casino was developed in a partnership with the Decentral Games on the Ethereum blockchain, and it will come with Atari games and collectibles, including the NFTs. The NFTs will be able to be traded for more digital currency. The companies could see bets in the hundreds of millions, the report stated.

CEO Frederic Chesnais has said he’s trying to push Atari into the modern age, and this effort could help urge the gaming experience onto the blockchain, according to the report.

In other news, a request from a Ripple investor to get back its $175 million investment in the blockchain company has been denied, according to CoinDesk.

Tetragon Financial Group’s request to redeem its Ripple equity for cash was denied amid the battle between Ripple and the Securities and Exchange Commission (SEC), the report stated.

Tetragon filed the suit in January, intending to reclaim its portion of the $200 million Series C round it led in 2019, according to CoinDesk. And the suit aimed to freeze Ripple’s liquid assets until it repaid the money.

But now, with the Delaware Chancery Court judge denying the decision, it seems Ripple won’t have to pay up after all.

Lastly, NYDIG, a tech and investment solutions provider, has debuted a $200 million capital round, which will help it work on “bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy,” according to a press release.

The round was led by Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments. Bessemer Venture Partners and FinTech Collective also participated, according to the release.

The partnerships leave no doubt that bitcoin “has arrived,” the release stated, quoting NYDIG Co-Founder and CEO Robert Gutmann and adding that NYDIG’s fiduciary and diligence standards will help it deliver new innovations.