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October 11, 2020

Is Cryptocurrency like Bitcoin a Risky Investment?

Klimor Napos
Uncategorized

In today’s time, virtual currencies like Bitcoin can be used for tons of different applications. For example, it can be used for purchasing groceries, appliances or even when betting on online gambling sites such as Gclub. Well of course, as for the latter, that will still depend whether the site allows the use of virtual currency or not.

Bitcoin

Without a doubt, digital currencies have grown rapidly both in usage and population. These days, there are increasing number of ATMs that are surfacing in Western countries that accommodate cryptocurrency. Much like all other modes of payment, Bitcoin even without being secured is gradually being integrated into existing economies. However, it is important to be aware of the risks associated to using such as well. So far, there seems to be a bright future for cryptocurrency. On the other hand unexpected drops of its rate makes even experienced investors to be wary of their investments.

Warren Buffett said once that he didn’t share the same level of attention and enthusiasm for cryptocurrency like Bitcoin. In fact, cryptocurrency has been scrutinized causing several other studies to be performed around it.

Experimental Stage Risk

It must be taken into consideration that the idea of cyrptocurrency is innovative and there are no experience and even historical data that will enable researchers to thoroughly assess whether it is something that could be trusted or not. Bitcoin as with any other cryptocurrency is still going through changes and innovation. Therefore, something that is totally unexpected may happen to it.

Though it’s the most actively used digital currency, it was able to establish stability compared to other cryptocurrencies that are in circulation.

Technology Risks

As for the technological part of cryptocurrency, it is always in development and it happens at a rapid rate to the point that it is uncontrollable. This is why even though there are big benefit brought by the large volume of investors and brand awareness as well, the technological risks associated to cryptocurrency is inevitable.

Price Variability

The cost of Bitcoin is fluctuating and totally unpredictable in short term, which simply adds to the asset’s risks. Financial analysts may likely predict the worth of stock quotes or real currencies but don’t expect it to be a hundred percent accurate. There are several elements that are affecting the fluctuation of cryptocurrency’s value like the legislative initiatives of the regulatory bodies, large volumes of exchange trading, integration of Bitcoin with several other companies and so forth.

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October 9, 2020

Cryptocurrencies Are Changing The Online Gambling World

Cryptocurrencies such as Bitcoin are increasingly finding their way into online gambling – the first online casino with its own cryptocurrency has now opened. Slowly, we will be seeing how cryptocurrencies will change the online gambling world. Cryptocurrencies are only one of the possible uses of the so-called blockchain technology.

The technology

Blockchain makes it possible to decentralize transactions between individual transaction participants via a global network using complicated mathematical computing protocols. This means that intermediaries such as banks are no longer required and the whole thing remains secure and anonymous thanks to the transparency of the logs.

The advantages of currencies

For many, high bank fees, especially for international transfers, are a thorn in the side. In many parts of the world, people do not even have access to a bank account. The expansion of the Internet and the spread of smartphones are advancing even into the most remote corners of the planet. Therefore, the popularity of crypto and digital currencies is very high.

Cryptocurrency in Online-Casinos

https://www.youtube.com/watch?v=wVMOikoSCVY

In the world of online betting and online casinos, too, money from numerical codes has already found its way into the world. Several online casinos recognize Bitcoin as a means of payment.

The advantages of crypto technology for online gambling are obvious. As a player, you save transaction fees. Bitcoin deposits stay private. This enables players to stay discreet. Small deposits can also be made. Minimum deposit amounts help limit the fees that can grow immeasurably.

In addition to anonymity for the player, the use of blockchain technology for deposits and withdrawals also means certain security for the player. Due to the technology of many transaction protocols, there is transparency with which it can be traced at any time whether and in what amount transactions have been made. In case of doubt, an online casino provider could, for example, be held responsible or would be immediately exposed if he did not make a payment correctly.

Established online casinos like kiss918 have adapted the use of cryptocurrencies as one of their payment options. This step helps cater to various online casino enthusiasts and gives peace of mind when it comes to the security of players.

First online casino with its own cryptocurrency

Now the first online casino has opened in Costa Rica, in which in-house cryptocurrency is played. The Alive Casino issues coins or tokens for the currency Alive Token, AL for short. In the casino, where you can play completely in 360 degrees with VR glasses, only this currency is used.

These tokens can be purchased with another cryptocurrency, Ethereum, or ETH for short. Ethereum is the second most powerful and second best-known cryptocurrency. Many Bitcoin critics claim that ETH also has better technology.

The phase the casino is currently in is called “ICO” in the crypto world. An ICO – Initial Coin Offering – is a method of corporate financing, similar to crowdfunding, or the initial issue of securities by a company on the stock exchange. Investors buy tokens from a start-up and hope that their value will increase through the success of the company or even the currency as such.

At the moment, the exchange rate of AL is 0.0015 US dollars, the course price of ETH is 225.25 US dollars. The casino advertises on its website with cheap, fast, and, above all, transparent transactions. Whoever buys enough tokens will receive 360-degree VR glasses for free.

Security and trading in cryptocurrencies

However, the AL currency is not found on this. This is a known problem with many cryptocurrencies. They are springing up like mushrooms and often there is not the necessary technology behind them.

However, the AL token is secure as it is based on ERC20 technology. This is the same technology as that of the renowned ETH currency. The reason why it is not yet traded on the major crypto exchanges, also known as exchanges, is because the company and the currency are still in the ICO phase, i.e. the money collection phase, and listing on the exchanges is planned for early 2019 is.

But Alive Casino is not the only one of the opinion that crypto technology is the next big thing in online gambling.

Because the overall market for online gambling is large – around 60 billion a year – and these are just the official figures. Forbes estimates that 99 percent of all bets are illegal and not listed.

A total of 120 ICOs have existed in the past 2 years to raise money for online betting providers. The Alive Token will be followed by other crypto casinos and casino cryptocurrencies.

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October 4, 2020

Legality of Crypto Casinos Around The World

Bitcoin

Online gaming is increasing. The quantity of wagers globally is predicted to spike. Jumping from US$550 billion in 2016 to almost US$950 billion by 2021, according to a report by Juniper Research.
 
The expansion includes the increase in internet gaming sites offering clients the use of bitcoin, along with other cryptocurrencies.
 
There are lots of reasons why cryptocurrencies are a great fit for internet gaming. Beginning with all the (quasi-)ideology of trades when using the media of trade. This includes user-friendliness and simplicity of use during trades that are fast and easy compared to existing procedures.
 
Regulation-wide, bitcoin online gaming stands at a gray area in several authorities. Online gaming itself is controlled differently across the globe. Some nations don’t have any limitations whatsoever. Other countries have opted to get the right ban, whereas some are asking particular conditions from operators.
 
Virtually every game could be played online now. From popular Roulette, Online-Poker or even Blackjack, to all sorts of unique slots games like Monopoly or even Game of Thrones.
 
The United Kingdom Gaming Commission (UKGC) was one of the firsts to elevate the issue of whether bitcoin betting requires particular rulings.
 
Back in August, the UKGC gave the green light to UK-accredited online casinos to take bitcoin for a deposit and withdrawal strategy. But farther said it had reservations on it in terms of suitable regulation, noting that these programs can be used to make cash.
 
At present, jurisdictions that are providing certification for bitcoin casinos comprise Gibraltar, Costa Rica, that hosts several well known internet casinos.
 
 
The US is a gray area on bitcoin casino legality. What’s sure, yet, is that bitcoin and cryptocurrencies are not considered a legal money. There’s no regulation forbidding US citizens from wagering in bitcoin casinos.
 
The Unlawful Internet Gaming Enforcement Act (UIGEA), “prohibits gaming businesses from accepting obligations in relation to the involvement of someone else at a wager or bet that requires the usage of the net and that’s illegal under any state or federal legislation.” This makes monetary transactions from banks to internet gaming sites prohibited. Also, it prohibits credit card suppliers from enabling transactions to Internet gaming websites.
 
The situation is comparable in Malaysia. Authorities also prohibited gaming operators despite the fact that online sites are accessible to Malaysians. People who know Mega888 download their app to play online casion games.
 
Russia and China strictly prohibit all their citizens from engaging in Internet gaming. China also prohibits taxpayers to sponsor bitcoin casinos. Regardless of the rulings, both Russia and China have big populations of internet poker players.
 
Turkey also has banned running bitcoin gaming sites and wagering for many citizens.
 
India does not have any regulation bitcoin gaming out the state of Maharashtra. This usually means it is legal to function and bet on bitcoin casinos in anyplace of Maharashtra.
 
It’ll be intriguing to determine if Bitcoin is going to be allowed for gaming and as a valid currency.
 

https://www.youtube.com/watch?v=d00FJGac-3U&ab_channel=BoomingLife

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September 26, 2020

Why Bitcoin Is Not Yet Used In Most Online Casinos

Åke Inberg
gambling

Bitcoin

A new report from Berlin by an agency named Transparency International indicates that gaming with Bitcoin or other cryptocurrencies is trending. It is particular in Asia and developing countries like India and Pakistan. And yet this record also indicates that much illegal gaming remains done without digital money.
 
It is time to have a minute and explore why this is. They research what crypto fans and enthusiastic gamers alike may do to help ease the adoption of cryptocurrency inside the gaming scene. So we can enjoy greater chances, simpler ways of payment, and quicker withdrawals.
 

More About the Report

 
The analysis of online gaming using cryptocurrencies indicates that in 2018 alone, Asia’s underground gaming market saw over $400 billion in trade hands. China, Indonesia (known for situs slot online), and Bangladesh along with Pakistan and India are in charge of the majority of these transactions. Betting is a whole lot more accepted in these areas of the continent.
 
The tendency is growing because gaming operators can stay away from problems surrounding negotiating prices with third party payment providers such as PayPal or credit card companies. They are also able to prevent the simple fact that players will attempt to start fraudulent chargebacks in their credit cards and make money straight back.
 
Still, why widespread adoption of the gaming arena is taking some time since the normal gamer does not know how to use digital monies to deposit or draw worth, or set wagers and maintain winnings?
 

How to Spread Adoption Among gamers

 
Bitcoin gamers understand how this works. They profit from greater chances because their favorite crypto betting sites pay reduced prices to retailers, and enroll their companies abroad, so less of a duty to reply to the tax guy. But how do gamers disperse the adoption and invite their fellow person to put in on the act?
 
The very initial step would be to show them the way to use Bitcoin. Find a friend or a relative to understand to start a wallet up. Explain to them that cryptocurrency is not only some electronic bank accounts run by a computer geek. It is also not exactly like the electronic values which we find in a conventional bank account.
 
gamers will need to understand what a blockchain is. They will have to recognize that they are the banker. Not do they get everyone the winnings once they bet and wind up to the ideal side of the chances, but they also ease their particular trades, can continue to keep their own list of these transactions, and finally have not to answer to others but themselves if anything negative occurs on their watch.
 

How Do Gaming Websites Spread The Word?

 
This is the point where the gaming sector as a whole needs to measure. There are several gaming sites that take fiat cash for wagers and also accept cryptocurrencies. These sites are large names in the gaming industry (Bodog, Bovada, 5Dimes, etc). They rely on conventional gamers that are making crypto fans choose their own initiative in utilizing digital money rather than government money.
 
Transferring one level deeper than this, you will find crypto-friendly gaming sites that don’t always take care of the gamer. They rely on pc geeks that have a gaming spark to be able to produce the switch quite readily. The issue is that there are not enough of those individuals. The Bitcoin gaming industry wants conventional operators to attract clients on a journey that finally invites them to become both gamers and enthusiastic crypto users.
 
For the time being, new members of groups will continue to dip their toe into each other’s collective waters. And also adoption will soon disperse slower than it might be.

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September 13, 2020

Online Gambling And Sports Betting With Cryptocurrency

For a long time, sports betting is an activity that many engage in wherein punters visit bookies in their locality so as to wager on various sports games, like soccer, football, tennis  or horse racing. Over time, the gambling industry which includes the sports betting sector has entered the online domain offering punters more perks.

SBOBET SBO60 for instance provides a channel for the people of Thailand to bet on Football. Check out ราคาบอลไหล. Since Thailand is a place where all forms of gambling, except for two, the site has become a popular channel for Thais to engage in offshore online gambling wherein they are able to wager on various sports and play casino games. SBOBET has been in the online gambling space for more than a decade. And with the professional serve they provide, they are able to establish trust and loyalty with their members as well draw in more players.

Online Gambling  And Cryptocurrencies

As per Google Trends, the attraction and interest in web-based sports betting has been gradually but steadily growing for the last ten years. Along with the rise of online sports betting, is the growth of cryptocurrency as well. Hence, it isn’t a surprise that online sports betting sites have adopted the use of digital currencies. This has then allowed cryptocurrency holders to potentially grow their digital assets through online sports betting.

Many sports betting websites have indeed integrated the use of cryptocurrencies as a payment option since they have recognized its potentials as well as the possibilities it offers both for the bookie and the bettor. While cryptocurrencies do provide certain advantages, it too has its drawbacks which could be a risk to both parties. And one major drawback is its volatility.

Cryptocurrency – Its Volatility Factor

When you purchase or trade cryptocurrency, you may be doing this because you would want to utilize these digital assets to purchase certain services or products, including using it to place a wager on a crypto sports betting site, or to support or back a particular initiative. Although this is an excellent alternative, the drawback is that the coins are volatile, meaning their value isn’t stable. The value may fluctuate as if you made an investment in the stock market and then watch the value of your assets continuously rise and fall in value.

Every asset has a certain measure of instability or volatility; however, cryptocurrencies are perhaps the most volatile form of asset that one could possess. Therefore, the individuals who purchase these digital coins run the dangers of watching the value of their assets to considerably drop at any time. While the value could rise as well, its volatility is an issue for people who would want to utilize it as a currency.

To illustrate, say a business receives a Bitcoin payment wherein the value is about $6,000 on the day it is received. After a day, the value suddenly drops to $3,000. This then leaves the business $3,000 short, which could bring about a real problem in cash flow.

Why Is Cryptocurrency So Volatile?

The digital assets are so volatile for many major reasons. Below are two:

  • NEWNESS. As cryptocurrencies are assets that are comparatively new, they aren’t that developed yet unlike traditional assets such as bonds and stocks wherein their value is much more stable. Once fully developed and established, the volatility of cryptocurrencies should somehow peter out. So for now, investors will have to put up with the fluctuation.
  • HERD MENTALITY. The fear of missing out is one reason why many invest in cryptocurrency. Hence, they fail to truly understand what it means to purchase and hold this asset. Because of this, they sell their assets when others do so and purchase when others are purchasing which directs towards immense surges in either way.

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September 12, 2020

Should You Consider Crypto ETFs?

Klimor Napos
Uncategorized

cryptocurrency-friendly online casino

ETF is also available in cryptocurrency. Basically, the way it works is pretty much the same as with other traditional ETFs. While majority of the ETFs are tracking index or several assets, crypto ETF is tracking one or several digital tokens. Similar to other ETFs, its digital counterpart can be traded like common stocks on the exchange. It will be subject to price changes in the given day as investors are buying and selling.

How does it Work?

To be able to work properly, the organization that’s managing the crypto ETF has to own the underlying assets it is tracking. Simply speaking, the ETF ought to own commensurate stake of the digital tokens. The ownership of the tokens will be represented as shares. ETF investors will then have exposure to upside potential of its underlying assets.

Important Matters not to be Left out

The question now is, where do these ETF stand?

As far as SEC or Securities and Exchange Commission’s concern, it indicated that it isn’t going to approve any crypto ETFs until such time that the market has demonstrated a level of security and stability. Nonetheless, its stand hasn’t stopped various parties from trying to introduce crypto ETFs.

As a matter of fact, the CBOE or Chicago Board Options Exchange which launched Bitcoin futures lobbied the SEC to take time to reconsider its blockage of the digital token funds. Both Tyler and Cameron Winklevoss, founds of Gemini, keep on petitioning the SEC in approving Bitcoin ETF without success.

Coinbase on the other hand is an extremely popular exchange for digital currency. It launched their index fund offering to 4 of the biggest digital currencies but it is not almost the same as to what an ETF is. There are ETFs that also offer small exposure to GBTC but, these aren’t solely focused on crypto.

SEC expressed its openness to the option of crypto funds in the long run and this may keep fueling investor’s optimism if crypto ETFs will thrive in other parts of the planet. Several markets in Asia as well as Europe for example have already introduced crypto ETFs, all brought by the differing regulation levels.

What Benefits can be Obtained from these ETFs?

Some of the successful cryptocurrencies have already experienced huge gains. Though, the industry is being surrounded by doubts and at the same time, plague by volatility. Still, it offers many benefits and among them is the fact that investors who have crypto ETF enjoys extra layer of security to avoid it from being hacked. Also, it can monitor digital tokens simultaneously. If everything is a success, then you can use your ETFs in funding your online casino account like in 918kiss to play and enjoy their games.

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August 30, 2020

Crypto-Gambling Might Be A Big Hit In 2020

Bitcoin

The year 2019 was great for the cryptocurrency gaming business. The number of savvy players using crypto-based gambling platforms increasing. It is growing compared with its fiat-based gambling counterparts.
 
The change is due to the increasing awareness of cryptocurrencies and their benefits. Together with access to faster internet connectivity and smartphone use throughout the world.
 
Research shows a trend in online gaming platforms setting a solid internet presence. The programs grow their client base by linking to people on Facebook and Instagram. This has enabled them to reach out to more individuals throughout the world.
 
The worldwide reach of cryptocurrencies permits them to appeal to people abroad. They don’t have to worry about region-specific legal and gambling-related banking limitations. Additionally, cryptocurrency payments allow secure transactions with rapid withdrawal and deposit choices.
 
There are online casinos where people can play using bitcoin and other cryptocurrencies. The gaming market includes online casinos, lottery, poker, internet bingo, and others. The most increase proves to be from the online casino section. It has the greatest market share, followed by online poker.
 
The most number of online casino sites are from China. While in Indonesia, online poker pages like http://185.229.115.132/poker88/ are getting popular. Soon, the majority of these sites will use crypto as their main betting payment source.

 

 

The total online gaming market is increasing at a speed of approximately 13.2%. Europe holds the greatest market share. Other gaming markets include North America, Asia Pacific, MENA, and South America.
 
Online casinos in Australia are catching up. Platforms like Syndicate Casino are gaining visibility in the gaming community. Owned and run by Direx N.V., the stage caters to a worldwide client base. They provide a selection of matches from renowned gaming suppliers.
 
The internet casino not only takes cryptocurrency deposit but also fiat payments. These payment channels are Skrill, Neteller, PaySafe, Visa, and MasterCard that charge more.
 
Asia-Pacific will emerge as the top market for internet gambling. This fact is based on the present rate of market expansion in the next few years. Contributing to the said expansion is the gradual but increasing adoption of cryptocurrency. Because of its legalization in a variety of authorities and improved foreign investments. We will also see a rising prevalence of mobile gaming one of millennials in the coming years.
 
With these improvements, crypto gaming is showing a strong outlook in 2020 and beyond. This has the potential to translate into a fantastic gaming experience for gamers.

 

https://www.youtube.com/watch?v=EwcnzYnlq8U

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August 20, 2020

Cryptocurrencies: Known problems and risks

Eija Järvinen
Cryptocurrency

Cryptocurrencies are said to be the money of the future, although of course, it doesn’t necessarily have to be Bitcoin. What is certain, however, is that the idea behind most digital funds is fascinating because of their decentralized system, but there are also a lot of problems and risks hidden behind them.

Allegedly, cryptocurrencies can be used to carry out faster and, above all, cheaper transactions. In reality, however, it looks a little different. Although the blockchain behind the coins simplifies payment transactions, as no external processing is necessary, as is the case with banks, it can often take hours before the sender and recipient of crypto funds are certain about a transaction.

In the case of cryptocurrencies like Bitcoin, there is only a limited number. Since most of them have already been generated, the important question then arises as to what happens when none can be produced anymore.

Who is responsible for the problems?

There are problems everywhere in life such as in gambling with agen judi slot terpercaya and, as a rule, you should know who to turn to. However, if there is trouble in the payment network, it looks a little more difficult. There is no public authority here that is responsible in such cases and that has the right to intervene. Already now, disputes lead to a hard fork, i.e. a split from the old version, but in the event of problems in the long term, that is not a solution that the token holder will be satisfied with in the future. It should also be remembered that global politics also has a major influence on the price movements of cryptocurrencies.

Is the end of crypto mining near?

Bitcoin relies on the proof-of-work protocol. This is a very complex method that requires extremely high power consumption. This is also the reason why the miners are no longer private individuals, but mostly only specialized companies. The amount of electricity used for proof-of-work is really immense, as the daily needs of several households could be covered with a single transaction.

Loss of wallet

The loss of the wallet is a known risk with cryptocurrencies. Most users usually keep wallet files on their computers. However, not only is there more and more malware to hack data, but it can also be lost if the hard drive crashes. Often, however, the wallets themselves are badly programmed and do not work properly, especially if only a few users have a particular token. Anyone who is active in the crypto scene therefore not only makes copies of the data but usually also takes care of other security measures.

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August 17, 2020

Always Select a Legitimate Toto Site When Engaging in Online Betting

All online betting sites should allow it’s users to get prompt answers when asked a question. Legitimate Toto Sites should have the ability to provide good answers to any user with a concern. This will speed up the process for potential users to find a site they are suitable for.

The priority of every user logging into betting sites is to earn or win real money. It’s important to attentively observe and learn the tricks of the game. There are a wide variety of games or sports to choose from. Select games you are most familiar with. Your chances of winning would depend on the number of games you join. Major Toto Sites will be very helpful in choosing the games suited for you. This will allow you to determine which games you should bet on. Based on the information the sites will provide, one can already gauge the perfect games she or he can bet on.

register to get 20 free no deposit casino

Most betting sites available online offers fair rewards and bonuses. These promotions lure users to log into their websites. It’s the best marketing strategy to have more players and users. When logging into these sites, you are to verify your identity. Remember to always be careful at all times when asked to verify your identity. 토토사이트 검증 is necessary for almost every online betting site. A careful person would collect information about the online betting site before accessing it. Being impulsive would post some threats to a person. A big probability that your financial and personal information can be stolen. These things are easily avoidable when you access legitimate sites. All 토토사이트 검증 must have a security feature proven to be safe.

Remember to always have confidence when accessing these sites. Take note that the figures you bet on represent real money. Even cryptocurrencies are real money. Losing would mean lost while earnings would mean more money for you! Learn to avoid hazards while placing bets online.

Always play for fun and always set a limit to your playtime. This will avoid a user to get hooked and addicted to online betting. Remember that you also have other important things to do. Only log into these sites if you have extra disposable income. Don’t make this a habit but just a past time.

 

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August 2, 2020

Betting And Gambling With Cryptocurrency – A Much Safer Option

When engaging in sports betting or playing and wagering at an online casino, one of the most crucial and fundamental aspect that you need to check out is the level of safety and security of the gambling/betting site provides its users.

Asiabet369 values its users by providing them with excellent soccer gambling opportunities as well as quality online casino games. Moreover, to make the overall gambling/betting experience of its users much more positive, they also see to it that they provide a fair and secure betting environment for them. This includes secure processes in terms of making deposits as well as when cashing out the winnings they have earned as well as ensuring that all personal and financial information of its users are safely stored in a well-protected server.

As the online gambling landscape is continuously undergoing transformations, increasingly more licensed online gambling operators are looking for ways to protect not only the money and sensitive data of their company but also of their users. This is one reason why many online gambling sites are making cryptocurrency as a payment alternative, whereas other online gambling sites solely accept cryptocurrency as a deposit, wagering and payment option.

Why Use Cryptocurrency As A Betting Option?

Cryptocurrency which is closely tied to the Blockchain Technology provides a vast range of advantages as compared to conventional financial systems. And one of the major advantages that both players and online gambling sites enjoy when making use of cryptocurrency as a betting option is the unmatched protection.

Unmatched Security and Protection

Looking at the huge volume of theft, bank frauds, as well as finical crimes happening in the online space every single day, one could never be certain that their money is truly safe. In the current set-up, the system of cryptocurrency offers holders the best possible protection for cash holdings as it is almost impossible for anybody to steal them unless you allow them to do so.

Prevents Fraud and Identity Theft

Instead of submitting all the details of your credit card, such as the card number, its date of expiration, security code, and all other information into a website form that is unsecured, transacting with cryptocurrency such as Bitcoin only requires you to input your address, together with your private keys and public keys. Essentially, cryptocurrencies are cryptographic currency, hence encoded data is a crucial and fundamental factor for the exchange process to be completed. Another thing is that although a cryptocurrency address could be calculated or computed via its matching private key, changing, reversing or manipulating this process isn’t possible.

This then makes cryptocurrency like Bitcoin a much better and safer alternative currency to use for sports betting and wagering at online casinos as it doesn’t sacrifice your all valuable private data.

 

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August 1, 2020

Crypto & Hazard: Risks Behind Cryptocurrencies

Eija Järvinen
Cryptocurrency

For most of the population, cryptocurrencies are still a book with seven seals. As in traditional banking, an essential success factor is the formation of a mutual culture of trust. This has to be established between all market players such as governments, companies and consumers particularly those using this with their gaming such as judi online. After all, crimes such as money laundering or terrorist financing should not be masked by cryptocurrencies. The general chances and risks of cryptocurrencies are presented below.

Opportunities

  • Lower transaction costs than in conventional payment transactions
  • Faster transfer speed
  • Efficiency gains for payment systems
  • Promising future blockchain technology
  • Increasing popularity as an alternative investment due to loss of confidence in the existing banking and currency system as a result of the financial and sovereign debt crises
  • High speculation gains possible
  • Independence from government control
  • Anonymity

Risks

  • Cyber ​​attacks through security holes
  • Legal and compliance risks due to legal uncertainty due to a lack of proper legal definitions or classification by supervisory authorities (legal conflicts regarding money laundering and suspected fraud)
  • Loss of confidence of the general population
  • High volatility in price development
  • Threat to stability in the financial system
  • Use by criminals for illegal business
  • Capacity problems of the blockchain

 

Cryptocurrencies – curse or blessing for our monetary system?

Without comprehensive state regulation of cryptocurrencies, there is a serious risk to the stability of our financial system due to the lack of a superior supervisory authority. Loss of trust in the banking system, currency fears and the global low interest rate phase intensify the flight into the alternative asset class cryptocurrencies. Despite the numerous risks, there are also some opportunities. First and foremost, the integration of inexpensive and fast transaction options into our existing financial system should be mentioned.

 

The positive aspects have to be used sensibly for the further development of our monetary system. The prerequisite for this is the creation of reliable IT security . Furthermore, appropriate legal foundations are required so that the future economic, financial and monetary policy effects in the age of cryptocurrencies are not left to chance.

With this information, you’ll use cryptocurrency along with your gambling and betting online more carefully.

 

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July 30, 2020

Cryptocurrency and Asia-Pacific’s Online Gambling Growth

Bitcoin

The popularity of internet casinos is a phenomenon that is famous. Therefore, people are flocking online gambling websites (including situs slot online for Indonesians) to relish and the formats of these casinos offer you a range of benefits over their counterparts and much more earn money. Taking a look at internet gambling’s growth amounts, we find that the numbers are impressive from the Asia Pacific area.

Asia-Pacific: Fueling Development of Online Gambling

The passion for gaming originated from the west and steadily and gradually spread to other areas of the earth. The cause of the development of gaming in nations is prices and their people. Take the case of China, where people are extremely much inclined to wager online as betting is prohibited in the nation. What brings individuals that are Chinese to take the dip are a high number along with prices. The Philippines has started licensing the Casino that was the internet . In reality, the nation is home to the largest internet casino operations operating under the title of Philippine Offshore Gambling Operators (POGO), which will be posting staggering rise and earnings figures from the online operations.

Online Casino Malaysia’s development is striking, though there are limitations in the authorities and legal authorities on operations of casinos. Home to the world people base, India, has seen growth in internet casinos’ fortunes. There aren’t many countries in the nation that are made provisions to get gaming although gaming in India is prohibited. IT infrastructure using a number of consumers obtaining access is currently helping the fortunes of internet gaming. Nations in Asia like Singapore, Indonesia, Vietnam, and Thailand are currently adopting outlook towards gaming as legislative and statutory requirements differ in these nations.

 

Also Read: Gambling Online With Cryptocurrency – Legal Or Illegal

 

Role of Cryptocurrency

Among the issues related to gaming is withdrawal and that the deposit of the money, which can be a procedure. In the frame, it will become hard for the players to manage troubles. This is where cryptocurrency’s importance enters the picture. Digital coins function on the principle of due and technologies that are outside of their jurisdiction of central banks and authorities.

There isn’t any hindrance to the financial or banking institutions, making it absolutely acceptable for internet gambling while transacting with all the coins. The majority of the casinos now have the choice of money payment in their own menu and it goes without saying that this choice is emerging as among the choices among players that are online. Payment from Digital currency’s choice makes sure you don’t face any consequences.

Conclusion

Cryptocurrencies are currently playing a significant part in fuelling the increase of casinos. The participation in creating casino popular of money is worth mentioning. The perspective of this Government and the situation and Agencies towards gambling’s idea is forecast to make matters simple for players in the next several years. Until that time, crypto’s aid is anticipated to maintain gaming afloat, although yes, the procedure will take its time.

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July 30, 2020

Cryptocurrencies That Offer Long-Term Potential

Eija Järvinen
Cryptocurrency

Bitcoin is among the first cryptocurrencies introduced to the market. It has a blockchain network which is considerably slow compared to almost every other major cryptocurrency. This means that its advantage could be limited from now on. While the cryptocurrencies as a group offer no guarantees and their market cap might continue to fall, there are virtual currencies that offer long-term potential apart from Bitcoin.

1. Ethereum

Ethereum is designed to handle blockchain applications in both currency and non-currency transactions like those in online casino payments (gclub online casino offers an array of payment options including cryptocurrencies). Bitcoin is limited to processing currency applications only.

About 200 organizations from the Enterprise Ethereum Alliance worldwide tested versions of the Ethereum blockchain network in various industries and sectors. This network can be important for supply chain monitoring, energy trading platform acceleration, digital ID card creation, and more.

On top of the rich partnerships, what makes Ethereum interesting is an intelligent contract, a protocol that confirms, promotes, or enforces the contract. A smart contract could be fully customizable, which means it can be simple or elaborate according to the requirements of the business. This coordination, transparency, and binding nature of digital contracts is the ideal choice for many international companies.

2. Ripple

https://www.youtube.com/watch?v=_igzyWuwW2I

Ripple is about reaching out to financial institutions. The blockchain itself could have the greatest impact on the financial services industry by shortening settlement times, taking banks out of the equation, and thereby lowering transaction fees. According to Ripple, the transactions expire in seconds – including cross-border payments – and cost only a fraction of a cent. Ripple may have a lot to prove, but the list of brand partners is considerable.

3. Stellar

Another cryptocurrency to keep an eye on is Stellar with its Lumen Token (XLM). Like Ethereum, Stellar uses intelligent contracts on its blockchain, which enables companies to adopt the blockchain networks to their needs. Stellar blockchain services can also handle applications of currency and non-currency origins. Stellar claimed that transactions are usually processed within two to five seconds.

4. Nano

Nano really impressed many investors. The nano blockchain can process 7,000 transactions per second max. This is fast and virtually untouchable. Assuming developers are coming up with better infrastructure, the processing speed of Nano is much faster and it can compete with payment processors like Visa.

The primary key of Nano’s blockchain lies in its block structure. Every user can control their own blockchain without having a central blockchain, thus, transactions can be processed very quickly. These processing speeds are extremely promising.

5. Qtum

 

Qtum continues the trend of cryptocurrencies through the use of intelligent contracts. The China-based company takes the best aspects of Bitcoin and Ethereum infrastructure (without leaving smart contracts behind) and brings them to a unique network.

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July 27, 2020

Cryptocurrency-supported Online Gambling Sites – What To Consider

Rorg D'Ghor
gambling

One of the most widespread leisure pursuits enjoyed by a lot of individuals across the globe is online gambling. With hundreds of gambling/betting sites operating online, players are presented with plenty of opportunities to play for actual money and conveniently from their mobile device.

When selecting an online gambling website to wager, play and potentially win in actual money from real money games, you need to know the various payment options the site accepts or supports. Although most people make use of credit cards, prepaid cards, bank transfers, debit cards, and ewallets, many have already began making use of cryptocurrencies as many online gambling sites have also started to accept and support these virtual currencies.

Crypto-supported Online Gambling Sites – What to Look Into

With cryptocurrency, you could safely gamble at the same time stay absolutely anonymous. As cryptocurrencies presents its users increased protection and security, none of the users’ or players’ personal as well as financial information is relayed to the online gambling site.

When opting to use cryptocurrency to place wagers, there are a few things you have to consider. Although cryptocurrency guarantees your safety and protection, you still have to make certain that the online gambling site you register and play on is legal, trusted and credible.

Major Types of Crypto Online Gambling Site

There are two major types of crypto online gambling sites – cryptocurrency-only betting websites and established online gambling websites with crypto as an alternative.

  • Cryptocurrency-only Betting Websites. These are online gambling sites that only accept certain types of cryptos. This means that players cannot make use of real money or fiat currencies. These types of online gambling sites are fairly new in the online gambling landscape; hence they are missing a proven history or excellent reputation of being reliable and dependable. However, as such sites only accept cryptocurrencies, payouts tend to be processed much quicker. Moreover, the variety of cryptocurrencies you could use is broad.
  • Established Online Gambling Websites with Crypto as Wagering or Payment Option. Online gambling sites or sportsbooks that have been around in the online gambling landscape for quite some time now may have added cryptocurrency as a wagering and payment option. These types of sites are the best choice as you could check on their history or reputation in terms of trust, dependability and credibility. But the downside is that they might only accept certain or limited types of cryptos. Therefore, before signing up, check on which types of cryptos the online gambling site accepts.

Other Factors to Consider

When choosing an online gambling site to play at and make use of crypto, there are a few things to consider.

  • Always check on the trust score, reputation and credibility (and the experience) of the website to ensure you will be in a safe and secure gambling environment. Make certain they have the proper licensed and are regulated, a site that will definitely protect all your information with their Privacy Policy which you should read as well.
  • Make time to learn and study about the software used by the website as this has an important function to play in terms of selecting games and payment/payout options. So, make certain the software is reliable to avoid any trouble in the future.
  • Although cryptocurrency allows you to play in online gambling sites anonymously, you still have to make sure that the site has a reliable encryption software to ensure every transaction you make is secure and that your data are also stored in a very secure sever. Also ensure that customer support/service is reliable and reachable 24/7 in through varied means.
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July 18, 2020

Gambling Online With Cryptocurrency – Legal Or Illegal

Toto Hero, https://to-chelin.com/, is a company that is dedicated to ensure a safe and secured gambling culture and environment, hence they verify the safety and credibility of sites as well as recommend safe casino sites.

A verified and safe gambling site is crucial to make certain you as player and user don’t get into a site that are only set up to take your money without you even noticing that you are already being cheated. Hence, sites like https://to-chelin.com/ meticulously and carefully carry out the verification process to safeguard both the user and the operators of the site.

Since money is involved in gambling, it is imperative to only play in secured casino or gambling sites. Today, an innovative technology has made it possible for scammers and frauds to steal from unsuspecting bettors – cryptocurrency.

Cryptocurrencies could now be used to pay for some products and services from shops or companies that accept digital currencies, this includes online gambling. Although many countries are beginning to recognize the potentials of online gambling, specifically as a source of income of the government, it continues to be heavily regulated.

The blockchain is decentralized which means that nobody, no financial institution, not even the government, could regulate or govern it nor could they impose certain laws. This is why many countries have reservations and uncertainties about it, especially it used for online gambling.

Gambling with Cryptocurrency

In terms of using cryptocurrency in gambling being legal or illegal, it will depend on whether online gambling in that specific country or area is legal or not. Online gambling itself is a conflict-ridden topic where many have strong sentiments against legalizing it. For instance, being empowered by an innovative payment method provides substantial flexibility to individuals who would want to place wagers using real money. Several even dispute that legalizing online gambling will make underage gambling very difficult and may be impossible to stop and prevent. Although this is a reasonable point, the probabilities are if a nation do legalize online gambling, putting in wagers or bets with cryptocurrency or digital currencies will most likely be allowed as well.

Cryptocurrency and Online Gambling License

A gambling license functions as proof or evidence that the business is legitimate which allows the owner to set up an account from the bank allowing it to process wire transfers as well as credit card payments. With the blockchain technology, banks that act as middlemen become unnecessary since the network is a system that is self-governed. This would then mean that online gambling facilities could function even without a gambling license insofar as they are adapted or tailored to work with payments or transactions done through the blockchain.

This doesn’t sound so bad since such transactions over the blockchain network are almost instant as well as safe as they are secured by really strong encryption. Thus, it develops into a matter of individual choice or preference if you would choose to transact with a gambling operator that don’t have a license or a license and reputable gambling operator, where there are several of both types of operators that accept cryptocurrencies.

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