Bitcoin Gambling tycoon builds $100m bitcoin-funded Antiguan resort ‘His excellency’ Calvin Ayre says project will be entirely funded from digital currency profits Canadian-born Calvin Ayre has been appointed Antigua’s special economic envoyCalvin Ayre, a gambling and bitcoin multi-millionaire who was once on the run from the US authorities, is building a $100m five-star resort on Antigua funded by profits from digital currencies. Canadian-born Ayre, who has been appointed Antigua and Barbuda’s special economic envoy, said he had begun work on the upmarket tourist resort on Antigua’s Valley Church beach. Show Hide Bitcoin is the first, and the biggest, “cryptocurrency” – a decentralised tradeable digital asset. The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. Felony charges against Ayre, Bodog and three other Canadian men were dropped last year.

Source: The Guardian February 18, 2018 16:52 UTC