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bitcoin-slots

Lucky Player Lands 29 BTC Slots Jackpot at Bitcoin Games

Lots of gamblers have been enjoying their favorite games online over the past couple of months amidst the lockdown that resulted from the coronavirus pandemic. While it is definitely a difficult time for many people, many entertainment businesses have been working very hard to ensure that their customers are not too bored during their stay at home. Gaming is fun and all but nothing quite beats the thrill of being able to land a win of any kind. It gets even better if it is a huge win.

For one lucky online gambler, staying at home and enjoying their favorite game has proven to be quite a rewarding experience. This player is now 29 BTC richer after winning a lucrative jackpot when playing an exclusive game of Slots at Bitcoin Games.

For anyone who might not be familiar with Bitcoin’s value, the 29.65 BTC that the player won is as of this writing equivalent to a whopping $250,000. Now that is certainly a decent payoff for staying at home and enjoying one’s favorite games.

Anyone Can Win

Bitcoin Games is quite proud of the fact that the lucky player was able to land the jackpot. The gaming platform has certainly got a lot more points in the eyes of online gamers simply because the jackpot win is an illustration of fairness. In essence, anyone playing on the site is just one lucky gaming session away from a life-changing sum of money.

This can easily be proven by the fact that the player who won the amount had just joined the online gaming site a short while ago. The player did not have to wait too long to land the win either. Needless to say, this is some amazing marketing for the online gambling site.

Living Up to the Promises of Bitcoin

Aside from proving that it is indeed a trustworthy online gambling site that treats all of its customers fairly, Bitcoin Games has also proven that it is focused on delivering on the promises of digital currencies. These include speed, significantly lower costs as well as unmatched levels of privacy. For instance, the winner of the 29.65 BTC was able to play and win anonymously.

In addition to that, the site has built up quite the reputation when it comes to offering a ton of great features besides the provably fair games that it offers. These include world-class customer support as well as an impressive selection of games. All these make it the ideal gaming destination for any crypto and casino games enthusiast looking to make use of their free time during the slowdown.

cryptos-

How COVID-19 Has Impacted the Global Crypto Market

The whole world is currently feeling the pinch of the coronavirus pandemic that has resulted in major economic disruptions. That said, regardless of where you are in the world, you will certainly be affected by this in one way or the other. Both individuals and several industries are reeling from the effects of the economic slow down brought about by the virus and it gets even worse due to the uncertainty that is it is associated with.

The cryptocurrency sector has not been left behind. Just like many other industries including travel, hospitality, gambling, manufacturing, and tourism, the crypto industry has had to deal with several issues. There are lots of implications that have to be put into consideration.

The Bad

After the World Health Organization (WHO) declared COVID-19 a pandemic, there was a significant drop in risk assets with the stock market reporting some of the worst stats in over 10 years. A lot of these risk assets took a hit and crypto was one of them. This can be seen by price drops that were reported for several digital currencies including Bitcoin.

Fortunately, the assets have managed to recover some of their losses the biggest casualties have thus far been the smaller projects. While more popular cryptocurrencies like Bitcoin and Ethereum might get to recover and even see upticks in their usage, the smaller crypto projects will certainly get the short end of the stick.

To make things even worse, due to the cancellation of most social events and closure of several markets, raising capital is now much harder than it has ever been. Not only are there any meetings to discuss possible investments but the investors are also much warier about what they invest in again due to the uncertainty about the future.

The Good

All is not lost though. While the pandemic is definitely not something to be taken lightly, it has allowed for a number of stablecoins to shine. Currencies like Bitcoin are being pulled off exchanges as more people are considering them as vital stores of value that can help them get through these tough times.

Besides that, we have seen significant contributions from the cryptocurrency community towards efforts to fight and contain the coronavirus outbreak. Companies in the sector like Binance have donated funds amounting to millions of dollars towards such efforts and these contributions are bound to make a huge difference in both the long and short terms.

SG-Vaix

Scientific Games Leverages Power of AI Through Vaix.ai Partnership

Scientific Games Corporation, one of the biggest gaming technology solutions developers in the world, has recently partnered with Vaix.ai which is an Artificial Intelligence (AI) engine provider. The partnership is part of Scientific Games’ new bid to offer more custom-tailored gaming experiences to anyone who uses its products and services. There will be particularly a lot of focus on personalized wagering experience with regards to custom betting choices for each player as well as personalized online gaming and sports betting recommendations.

The areas of focus for the new partnership will be the OpenSports and the OpenMarket product suites, both of which are very popular among Scientific Games’ partners. These two product suites will now take advantage of Vaix’s expertise in Artificial Intelligence (AI) in order to give the players much better gaming experiences.

Personalization is a core component of the plans to integrate AI. This is attributed to the growing number of online gamblers which has been accompanied by immense growth of data. This means that, without the appropriate tools and technology, it is virtually impossible to crunch the data and use it in a manner that is beneficial to the customers especially when it comes to giving them personalized experiences.

“Help for the user to find their favorite team’s game, or to see what’s going on in one’s personal favorite league, is often not going beyond targeted banners based on pre-selected user segments, or the often-hailed, but rarely used, ‘Favorites’ feature,” Vaix.ai CEO and Co-Founder Andreas Hartmann commented.

The partnership will see to the delivery of a lot of perks such as real-time sports, league, team, event, and market recommendations. All this will be based on data collected about the preferences and tastes of each individual customer.

More Integration to Come

It goes without saying that online gambling is still on the rise and there is a huge technological gap that has been credited due to that. Artificial Intelligence has proven to have a lot of potential in other industries which makes it a viable choice for gambling operators who are looking to go a step further in their quest to attract more customers.

Customer experiences are the main focus of AI integration with gambling platforms but that is just the beginning. Aside from delivering better and more personalized experiences, the gambling operators and regulators have also been utilizing the technology for more noble things. One of these things is the prevention of gambling-related harm which has become quite a big deal due to the rapid growth of the gambling industry. There are several other possibilities as well and we will get to see them in action in the not-so-distant future.

blockchain

Faster Payouts Coming with Blockchain for Online Casinos

 

The global online gambling industry has been on the rise over the past several years and its upward trend is expected to last a few more years. As much as the industry is on a roll and is growing at a very fast pace, it has still been plagued by a number of challenges. Both the online gamers and the gaming operators have felt the pinch of these shortcomings. One of the most notable ones is the noticeably slow payouts that have left gamblers frustrated and the gaming operators without customers.

Thankfully, several solutions are being considered for these challenges and the blockchain is perhaps one of the most popular ones. This is simply because the technology has bee marketed as the best possible solution for challenges pertaining to quick payouts and greater transparency.

The credibility of many online casinos has been questioned despite the growing number of users and online gambling platforms.  In essence, this means that both the customers and the operators are not able to fully capitalize on the growth. Features such as Trustless gaming are increasingly becoming important buzzwords in the world of online gambling and with time, they might just define how every gaming operator works in the future.

Cost Reduction

Hidden fees are still one of the biggest challenges that customers face when making withdrawals from their online casino accounts. These extortionate charges are often not justifiable and may dig deep into the players’ winnings. No one wants that.

Aside from the fact that blockchain transactions are meant to be superfast, there is also a lot of optimism that it will play a big role in reducing the fees gamblers are charged by a fairly huge margin. Digital currencies are increasingly becoming viable payment options in both the world of gambling as well as in other sectors and this perhaps the first step towards affordable transactions.

Revolutionizing Online Gambling

Online gambling has indeed come a long way since it was conceptualized and the first online gambling platforms launched. Now, it seems like the industry is ready for yet another revolution as the sector goes through massive evolution especially with regards to the operation of the gaming sites. Blockchain and crypto are becoming an integral part of our online gaming experiences and even though they are just beginning to take off, their potential impact can already be felt. Fair, transparent and affordable online gambling is making a comeback like never before.

crypto-gaming

Is It Time to Fully Upgrade to Cryptocurrency Casinos?

What a time to be alive. 2020 is finally here and it is quite amazing that we can ask these kinds of questions. Cryptocurrencies and associated technologies have finally gained enough popularity and are mature enough to be integrated across a number of industries. However, does this necessarily mean that it is time to fully replace traditional online casinos with crypto-based options? Maybe.

A Decade of Massive Developments

The emergence and growth of digital currencies over the past decade was quite bizarre even though crypto enthusiasts have been preaching about the digital currency revolution for years. The gambling industry’s adoption of digital currencies and blockchain was, on the other hand, quite unexpected. Even so, the development was welcomed with open arms especially considering the huge benefits that are associated with them.

Digital currencies have been improved in a number of ways in order to ensure that they deliver on the promises of better security as well as affordability with regards to the transaction fees. They now offer tremendous advantages over tradition fiat currency.

Moreover, the integration of the provably fair gaming systems has been a huge boost for gaming operators. Needless to say, online gamers are always looking for the best ways to maximize their gaming experiences. Provably fair systems not only ensure that they are able to enjoy fair games but also assures them that their winnings will be paid out.

As you may have already discerned, all the developments and improvements have been specifically designed in order to lead the world to mainstream crypto adoption. The technology is already used widely but it certainly has not caught up with traditional financial systems. This is perhaps an issue that is related to lack of trust or simply skepticism from parties that are of the opinion that ten years might be a little too short for the technology to fully mature.

The Verdict

As mentioned earlier, switching to a crypto-only casino is totally justifiable but that is a decision that only the gamers can make at this point. That is, so long as they are familiar with how the digital currencies work. For online gaming operators, things might not be quite as simple. While a number of online casinos have already integrated digital currencies, only small chunks of their customer bases utilize them, at least at the moment.

We cannot deny the fact that digital currencies like bitcoin are cheaper to use for transactions thanks to their decentralized nature. Still, using these currencies as the only form of payment on the sites is a very risky bet for the gaming operators. Even so, it is quite commendable that it is something that can be discussed at length unlike the case a few years back. So, yes. 2020 can be the year you fully upgrade to crypto gambling. It is all up to you.

mintdice-btc-casino

MintDice Extends Investment Perks for Its Customers

Renowned bitcoin casino MintDice is considered to be one of the best crypto-based gaming platforms on the planet. It is also a top contender in the general online gambling space that is dominated by a number of popular gaming brands with vast amounts of resources and several years’ worth of experience. The online gaming platform attributes its success in the gaming space to its dedication to bringing the best of innovation and creativity to its users. One of the ways it has done this is by giving its customers the opportunity not just to play but also invest.

MintDice which has a reputation for offering the best bitcoin dice and bitcoin slots games leverages the power of digitization to serve its users. Digital currencies such as bitcoin are loved for the transparency they provide as well as the applications that they can support. That said, MintDice is offering the customers an incentive to enjoy crypto dice and slot games while at the same time earning from their digital currency investments.

The casino has recently doubled down on its efforts to promote its investment product allowing customers to play while enjoying nearly double the chances of winning.

Play and Invest

As mentioned earlier, MintDice is already a stellar online gaming platform and you will definitely not go wrong if you choose it. With its investment feature, the casino’s customers do not have to worry about being the casualties of quick and significant successive losses. The online casino basically offers a risk mitigation feature that effectively protects the platform from such kinds of external pressures.

The online casino currently offers its players a total of three types of risk-free investment opportunities. These are:

Crowdfunded Bankrolls

By part of these bankrolls, players will be able to participate in larger bets. This allows the customers to enjoy huge profits but within some rather lower pays. With this, landing a huge win from a relatively small bet is possible. How amazing is that?

Masternode or Staking Investment

This is a risk-free investment opportunity where the MintDice customers are able to easily make investments in the shared Masternode pools. From these modest investments, the players can then expect to receive handsome payouts from MintDice’s profits. The amount of payout received will, of course, depend on the player’s share size.

Be The Bank

This is another special risk-free investment opportunity where the users are guaranteed a no-risk payout opportunity. They receive 15 percent of each of the bets placed on the online gaming platform and the amount received is based on their share of investment.

greentube-svenska-spel

Greentube Extends Footprint in Sweden With New Content Deal

Renowned online casino solutions provider Greentube has recently announced that it has signed a deal with Svenska Spel’s online gambling business. Svenska is Sweden’s state-owned gambling operator and Greentube is one of NOVOMATIC Interactive’s divisions. Both companies will be utilizing the OGS platform to integrate Greentube’s casino content with the operator’s online gaming platform.

Thanks to the new partnership, Greentube’s massively popular gaming content will be live on the Svenska Spel Sport & Casino. In addition to the very large number of online slot machine titles that will not be available on the Swedish operator’s online gambling platform, it is also set to feature a decent number of classic land-based games that have been adapted for the online gaming sector.

Competing in the Swedish Market

Before 2019 rolled around, Svenska Spel was the sole operator in the Swedish gambling industry. However, the Swedish market was reorganized at the beginning of the year and this saw a number of operators gain entry into the very lucrative market.

While this was certainly great news for the gamers, it meant that Svenska Spel had to get used to competition from a number of international operators. With that much competition, the state-owned operator has had to pursue moves that are meant to make it just as appealing or better than the competition. This is where the deal it has inked with Greentube comes in.

With Greentube’s help, Svenska Spel will be able to significantly enhance its offering. Svenska Spel Sport & Casino VP Product Casino Jonas Nygren pointed out that the operator is counting on Greentube’s massive selection of casino titles to drive more customer traffic.

“Our customer base has been extremely engaged with their catalog of games and we look forward to a longstanding partnership moving forward,” the CEO said.

The Swedish market is still coming to the recent changes in the gambling sector and therefore Svenska Spel might still be able to re-establish itself as a leading player in that space.

Greentube’s Expansion Plans

Besides Sweden, Greentube has also been keen on extending its footprint in a number of different markets across the globe. Most recently, the gaming solutions provided launched a number of its titles in Croatia with PSK.hr, an online casino that is owned by Hattrick.

Greentube has also had its sights set on Switzerland, another country whose gambling market was recently reorganized. The Swiss online gambling industry is just a few months old at this time which means there is a great opportunity that Greentube can take advantage of.

bitboss

BitBoss Launches Tokenized-Powered Casino Tokens

 

Casino blockchain app BitBoss last month launched the very first casino tokens on the Tokenized Protocol for mobile gambling. The move, though relatively subtle, is set to completely revolutionize the gambling experience on the blockchain.

For this venture, the real money gaming solutions developer has leveraged Bitcoin SV. This has been achieved by embedding the casino blockchain app’s baccarat and lottery games within a dedicated Bitcoin SV (BSV) wallets. These games can be powered by either the native BSV tokens or custom tokens – a great example of custom tokens will be those that are created and branded specifically for use in a single casino.

Thanks to the utilization of the BSV blockchain, the platform enables provably fair gambling with both the bets and results being written to BSV transactions. On the same note, the payments are adjudicated and administered by smart contracts and to complement this, double-spend protection has been built into the platform.

How Does It Work?

Alex Shore, the co-founder, and CTO of BitBoss recently wrote a post that describes exactly how the platform makes use of smart contracts to process both bets and transactions. According to the post, as the players’ bets are sent to the Bitcoin SV blockchain, one of the smart contracts that are designed for BitBoss will process the bet before placing its results as well as the payout transaction back onto the chain.

“They include their double-spend prevention technology when using native BSV, and leverage Tokenized’s double-spend prevention when bets are placed using a custom token,” Alex Shore’s post reads.

Now, the company is focusing on integrating slot machines, a move that will allow slot machine lovers to directly send tokens between the slot machines and their device wallets. For this venture, there is a major emphasis on mobile games which have been growing in popularity all across the globe.

Bitcoin Genesis Upgrade on the Horizon

To further improve the player experience, BitBoss is also now taking steps to ensure that their software will transition smoothly and seamless into 2020. To that effect, the company has recently announced that they will be upgrading their Keyring libraries in order to support the new OP_FALSE OP_RETURN script type. As it turns out, this is a totally mandatory step since Bitcoin SV will be returning to the original Bitcoin protocol with its 2020 Genesis upgrade.

This move was primarily influenced by advice from the technical director of the Bitcoin SV node project, Steve Shadders. In many ways, by updating their own code this early own, BitBoss will be getting months of the shift while keeping its services running for their customers to enjoy.

telegram-ton

Concerns Raised Over Telegram’s Upcoming Crypto Platform

Recent reports have implied that Telegram messenger is set to begin testing TON (Telegram Open Network) its blockchain network in September. The company’s owners raised a whopping $1.7 billion in March in an Initial Coin Offering (ICO) that is one of the most successful ones of all time. Part of the proceeds from the ICO have been used to develop the platforms blockchain network which is aimed at building a universal blockchain infrastructure based on its speed as well as the inclusion of smart contracts. It is therefore very easy to see why many people are so excited about this.

The testing phase of the crypto platform is set to kick off in September and the blockchain nodes will be available as open-source alongside other blockchain database management tools like consensus and shards – these will allow a test-run of TON.

TON is slated to process transactions faster and more efficiently than both Bitcoin and Ethereum while at the same time rivaling widely accepted payment options like MasterCard and Visa. To make it even better, the platform will also be compatible with Ethereum (ETH) when it launches and hopefully, other cryptocurrencies will get support along the way. Very promising, right?

The Concerns

While the TON platform may seem like a solution to a ton of problems, not everyone is convinced that it is what it claims to be. According to a report detailing how terrorists have been using digital currencies, there has been speculation that the release of TON and the associated Gram token pose a significant security threat to the United States’ government.

Telegram seems to be aware of such concerns and has even gone as far as singling out people they believe are terrorists through their privacy policy which reads:

“If Telegram receives a court order that confirms you’re a terror suspect, we may disclose your IP address and phone number to the relevant authorities. So far, this has never happened. When it does, we will include it in a semiannual transparency report…”

Telegram’s chief executive officer, Pavel Durov, has been very adamant when it comes to compromising the security of the messaging platform. However, he has cooperated with governments after terrorist attacks were reportedly coordinated using the app. Now, there is even more scrutiny being directed at the company because of its TONPayments – there is a considerable amount of certainty that this will make it very easy for terrorists to raise funds for their operations all without a trace.

Tron Bet Crypto Gambling Expansion Set for August 8

TronBet, one of the world’s leading blockchain-based platforms, has done a great job in its effort to bring blockchain technologies inherent anonymity, security, and transparency to the online gambling space. The company’s goal has always been to democratize an industry where the users have often raised concerns pertaining to arbitrary behavior from service providers.

The team behind the disruptive company has recently published details of its newly rebranded business model. This planned migration from platform’s native cryptocurrency ANTE to its new cryptocurrency WIN. The plans have already begun to materialize with 5 percent of the newly minted WIN token set to be released on August 8 on Binance. This move is part of the projects Initial Exchange Offering (IEO) which, in the world of blockchain startups, is the equivalent of Initial Public Offerings (IPOs).

WIN, the new cryptocurrency, has been designed to allocate winnings from TronBet’s house-edge along with profits from its advertising revenues to token holder. This is one of the world’s very first distributed earnings model that leverages blockchain technology. As expected, from now henceforth, the platform will be rebranded as WINk and the platform’s broad range of crypto gambling products and services will enjoy formal trading licenses from the government of Curacao and Costa Rica.

New Strategy

TronBet arguably only comes second to Bitcoin when it comes to being one of the world most successful blockchain-powered products. However, the TronBet is setting some very ambitious goals with the major rebrand that is currently on the way. Their plan is to take the platform to a wider user-base as it leverages strategic partnerships with both Binance and BitTorrent. The latter was just recently acquired by Tron for a whopping $126 million.

Now, as far as its strategies are concerned, the project has plans to expand its development so that it can accommodate payment for its services through the more traditional banking methods like credit cards and eWallets. In essence, TronBet’s transition from ANTE to WIN is set to change a number of aspects in the company’s business model over the long-term. In addition to that, the transition is also set to allow for a greater chance for the token’s price to rise fundamentally over time instead of relying on the same speculative movements that define price in the broader crypto environment.

It goes without saying that blockchain technology seems to be one of the leading ways of bringing much-needed improvements to the online gambling industry. In fact, some analysts believe that crypto and blockchain are going to completely redefine the space. TronBet clearly knows about this and it is working quite hard to ensure that it is a part of this revolution.