The world is witnessing the downfall of the world’s largest online poker game, the poker site PokerStars, which shuttered its doors on Sunday.
The move was announced by the company in a blog post, but a statement was not immediately available from the site’s operators.
The site had a staff of more than 1,000 people and was a mainstay of online poker in the United States, with more than $300 billion in revenue.
PokerStars’ closure marks the latest casualty of the rise of the cryptocurrency market, which has been booming in recent years, fueling speculation that it could soon surpass traditional currencies like the U.S. dollar and the euro.
Bitcoin, the popular virtual currency that is backed by no central authority and is traded in many countries around the world, has seen an explosive growth in popularity over the past year, fueled by rising adoption of the technology.
Bitcoin is currently worth $11,000 on CoinDesk.