coingeekweek

Renowned Bitcoin Conference CoinGeekWeek Heads to London

Considered to be one of the most respected crypto-regulated organizations, CoinGeekWeek has earned a lot of praise for the immense effort that it has been putting into ensuring global adoption of Bitcoin BCH. The company has dedicated itself to campaigning for developments that will see to it that the digital currency follows the right path towards being recognized as a legitimate means of exchange as well as a legitimate cryptocurrency.

The cryptocurrency news portal has recently announced on its website plans to host their first ever Bitcoin Cash (BCH) conference and the venue for the conference will be London’s The Mermaid London. This conference will run from November 27 through to November 30 and will focus on all things bitcoin including designated slots for miners, developers as well as retailers.

“We are delighted to host this inaugural event at a time when the cryptocurrency topic is being discussed on a global platform. Over recent years, The Mermaid London’s position as a leading venue of choice for the FinTech industry has strengthened following a rise of new business wins, and we are excited to see how this event will continue to raise our profile within this growing sector,” Alicia Duncan, the general manager at the Mermaid London commented.

To put all this into perspective, the three-day conference will involve several seminars each highlighting different effort to enhance BCH mining activities – expert participation is also going to be feature majorly so as to enlighten miners on how they can get the most out of their mining efforts.

Moreover, the conference is also targeting various aspects of BCH and the roles that the digital currency has played in the global digital retail economy, which is one of its major foundations. BCH is the only digital currency that was created with global and mainstream usability in mind, that is, the goal was to make it usable by everyone and accessible from virtually everywhere in the world. With such strong motivators and clearly defined goal, the digital currency has continued to receive more support from both cryptocurrency traders and merchants who have seen the potential of its superfast network capabilities as well as its incredibly low transaction costs.

Extending Aspects of the Hong Kong Conference

CoinGeekWeek just recently held a conference in Hong Kong and according to Calvin Ayre, the company’s founder, the three-day London conference will be more of an extension of their previous conference.

“Over recent years, The Mermaid London’s position as a leading venue of choice for the FinTech industry has strengthened following a rise of new business wins, and we are excited to see how this event will continue to raise our profile within this growing sector,” Ayre said.

With just a few weeks left until the conference finally kicks offs, there has been an overwhelming number of attendance reservations especially from the enterprises who are looking to get into the crypto ecosystem.

btc-heat

CryptoSlots.com and BTC HEAT Go Live with New Offerings

Cryptocurrency-only casino, CryptoSlots.com is once again all the buzz in the online gaming scene thanks to its new innovative original slot machine title known as Coin Rush. The new slot game lets players spin through familiar cryptocurrency symbols in a bid to make winning combinations across 20 active paylines. Naturally, the bitcoin logo is the highest paying Coin Rush symbol, but players will also be in for some big wins if their combinations include Litecoin, Monero or any other high-value coin in the slot game. In a typical sense, all of Coin Rush’s symbols have values that correspond to what they are actually worth in the real world.

Launched in May this year, the Slotland Entertainment backed CryptoSlots.com debuted with a robust selection of outstanding slot machine and video poker titles all, all of which were proven to be provably fair. Just like the online casino’s all other offerings, Coin Rush is packed with tons of bonus extras that include Free Spins gifting up to 99 bonus rounds as well as several Double Wild Symbols.

“Our casino is perfectly tailored to the wants and needs of the crypto community,” CryptoSlots manager, Michael Hillary, commented on the new product. “Our players will love the theme of this new game, and its generous Free Spins Bonus.”

Coin Rush and the entire website, in general, is great for crypto users since, unlike many other online casinos, the players will only be required to provide their email address and consent to a prompt asking them if they are of the legal gambling age. Other than the unmatched level anonymity that the site is offering, players will also be able to access extremely fast payouts through BTC, Bitcoin Cash and Litecoin – more are expected to be added for Coin Rush gaming soon.

BTC HEAT Debuts Free Bitcoin Slot Games

BTC HEAT is a newly launched online gaming site that allows players to enjoy free slots and other market investment games. On signing up, the players are given free spins which they are allowed to refill every three hours. But that is not even the best part.

While players do not need to make any deposit at BTC HEAT, they are given the chance to win real bitcoin (BTC) which can then be withdrawn to specific wallets. How is this possible? Well, BTC HEAT monetizes the site through ads, that is, it displays videos, graphics, and offers. The profits gotten from these advertisements are then put in the main prize pool. The more players spin the reels, the more they add to the site’s pool and this gives them an even higher chance of winning some bitcoin.

Signing up is also pretty easy as all that the players need is a valid bitcoin wallet address – this makes it a very safe gaming platform as players do not have to give out their personal information in order to play. Moreover, the anonymity the site offers is incredibly appealing, especially for gambling and crypto enthusiasts.

ags

AGS Gets Pa. Slot Machine & Table Games Manufacturer License

AGS, formerly known as the American Gaming Solutions, has recently been awarded a license to manufacture slot machines and table games by the Pennsylvania Gaming Control Board. That said, the electronic gaming devices and table products designer and supplier will be able to deploy its gaming products in all of the Keystone State’s 12 licensed brick-and-mortar casinos, something that David Lopez, the company’s president and chief executive described as a huge milestone.

“The two Pennsylvania licenses represent a huge milestone for AGS, as we continue to expand our presence into new markets for our company. This is huge news for AGS and we can’t wait to start talking to Pennsylvania’s gaming operators about how we can deliver a great player experience and operating efficiencies with our innovative slot and table solutions,” David Lopez commented.

AGS expects to begin deploying its slot machines and table game products in the aforementioned Pennsylvanian casinos early next year, which is perfect timing since a number of the betting activities will kick off at around the same time considering how the statewide gambling expansion plans have been going so far – the move to award AGS with the manufacturing licenses follows from last week’s announcement that the gaming control board had approved the first two sports betting licenses in the state.

Prior to that, the Pennsylvania Gaming Control Board also approved interactive gaming licenses for a good number of the casinos that had applied. Hopefully, the entry of AGS into the Commonwealth’s gaming industry will trigger more improvements through collaborative efforts to deliver great gaming experiences to customers. Dauphin County-based Hollywood Casino and the Bensalem-based Park Casino, the first two casinos to be awarded sports betting licenses by the PGCB, will hopefully have their sports betting operations up and running by the time AGS begins to roll out its products but this does not dispel the opportunity for collaboration. In fact, all things considered, it is inevitable.

At the moment, the Commonwealth’s gaming industry consists of two resort casinos as well as 10 standalone and racetrack casinos, all generating about $1.4 billion in slot machine and table game tax revenue.

Why AGS?

It came as no surprise that the gaming control board chose to award AGS the manufacturer license. This is primarily because the gaming product designer and supplier has made a name for itself as global innovation powerhouse with a reputation for creating a diverse variety of immersive and entertaining gaming experiences that appeal to several different kinds of players.

The company has often leaned more towards the Class II Native American gaming market but this has not stopped it from growing and developing a customer-centric culture that has led it to become a leading all-inclusive commercial gaming supplier.

google-adwords

Google Lifts Its Ban on Cryptocurrency Advertisements

Earlier this year (in March), Google announced a cryptocurrency ad ban that it went on to roll out in June – these were intended to protect its consumers and involved wallets, trading services, and Initial Coin Offerings (ICOs). This is all about to change with the company on September 25 ending the ban on cryptocurrency advertisements.

In a new update to its advertising policies, the company emphasizes that at the ads that would be allowed would only be those of “regulated” trading sites.

“The Google Ads policy on Financial products and services will be updated in October 2018 to allow regulated cryptocurrency exchanges to advertise in the United States and Japan,” Google explained. “Advertisers will need to be certified with Google for the specific country in which their ads will serve. Advertisers will be able to apply for certification once the policy launches in October. This policy will apply globally to all accounts that advertise these financial products. For more details, see About restricted financial products certification. The Financial products and services page will be updated once the policy goes into effect.”

Google was one of the tech companies that moved to prohibit cryptocurrency advertisements alongside Twitter and Facebook, though the latter later relaxed some of the restrictions it had placed on cryptocurrency-related advertisements. Google’s ban was so wide-ranging that it affected offerings from both legitimate wallet services and trading professionals.

This crackdown on crypto went on to rapidly spread across the internet leading to various bans from other companies, including LinkedIn, MailChimp and Snapchat. Even though this was meant to stop or at least slow down scammers on the internet it also whipped out legitimate blockchain projects which in turn slowed down adoption of digital currencies, stifled promotion and stoked more fears about mainstream acceptance of crypto.

The Reason Is Yet to Be Known

As is it stands, there has not been a clear explanation as to why the tech giant has chosen to lift the ban barely four months after it imposed it. It is speculated that the company believes that the hype that surrounded crypto, as well as the negative side effects associated with the skyrocketing values, have finally died down are at least reduced significantly. Still, it is possible that Google is simply keeping its eye on the prize i.e., the valuable ad money that crypto will bring in.

“We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution,” Google’s Scott Spencer said in June when the original ban was rolled out.

Hero_gaming

Hero Gaming Debuts A Faster Online Slots Interface

Hero Gaming is famous for being an innovative creator of fun gaming experiences which can be attested by its solid portfolio which includes online gaming platforms like Speedy Casino, Casino Heroes and sports betting site Betser. Now the Malta-based company is taking the next step with the recent unveiling of Blitz, a new slots interface that will allow players to spin up to six times faster than they used to.

The idea behind Blitz which was developed in collaboration with NetEnt was letting the customers play faster without having to wait for the slots to be displayed after each spin – quite a number of slot players have cited the waiting period to be time-consuming for them. Blitz further allows the players to stop the game at any time, leaving the updated account balance and remaining spins completely visible to the player.

“There’s a lot going on in the gaming world right now, and our focus is always on developing innovative gaming experiences that are both entertaining and technically in the forefront. Behind Blitz is a complex technical solution that meets the needs of today’s gamers – it should be easy and fast while the pleasure factor is high. You should not be disturbed by information and graphics if you don’t want to. We’ve spent a lot of time and effort in developing a technical platform that has both flexibility and strength. Blitz is an example of what we can create on it,” Tomas Bäckman, CEO of Hero Gaming commented. “This is a collaboration between two driven and innovative players, utilizing both companies’ strengths. NetEnt has contributed with significant insights and technical know-how in this process. My assessment is that Blitz will be a contribution to the gaming market.”

The new slots interface has been developed as an overlay on top of NetEnt’s technology, something that is already proving to be immensely beneficial to both companies. While Hero Gaming’s business will be receiving a significant boost from the technological resources that NetEnt has to offer, the operator will be bringing a set of innovative gambling offerings to the table.

“We are pleased that Hero Gaming has chosen to develop Blitz on NetEnt’s platform. Our ambition is to be at the forefront, and we welcome innovative thinking and creative initiatives from our customers. In the future, I think we will see more of this type of products and solutions – to tailor the experience to different gamers. It will be exciting to see how gamers will use Blitz and we are looking forward to following developments,” NetEnt’s chief of product, Henrik Fagerlund said.

crypto-Investigation

200 ICOs and Cryptocurrencies Under Active Investigation

The North American Securities Administrators Association (NASAA), an international task force that is tasked with tackling securities violations in the cryptocurrency industry, on August 28 announced that it has opened active investigations into over 200 initial coin offerings (ICOs) and crypto-related investment products.

First launched in May, the operation – referred to as “Operation Cryptosweep” – has been targeting a number of suspicious crypto investment products. It is composed of regulators from the United States and Canada which makes it the largest coordinated investigation by state and provincial officials. It has also already seen through 47 enforcement actions against ICOs and cryptocurrency investment funds in the U.S. and Canada, something that has earned its praise from Jay Clayton, the chairman of the Securities and Exchange Commission (SEC). The violations the operation has uncovered range from securities fraud to failure to properly register products before offering access to investors.

According to NASAA president and Alabama Securities Commission director Joseph Borg, the regulatory operation continues to commit significant resources to ensure that retail investors are protected. This is especially because many cryptocurrency advocates and financial watchdogs are split on how the ICOs and crypto firms should be regulated. NASAA’s contribution is, therefore, one of the best developments in the sector since other than protecting the retail investors, it will also serve to raise awareness among industry participants in regards to their regulatory obligations and responsibilities.

“While not every ICO or cryptocurrency-related investment is a fraud, it is important for individuals and firms selling these products to be mindful that they are not doing so in a vacuum; state and provincial laws or regulations may apply, especially securities laws. Sponsors of these products should seek the advice of knowledgeable legal counsel to ensure they do not run afoul of the law. Furthermore, a strong culture of compliance should be in place before, not after, these products are marketed to investors,” Joseph Borg added.

Do Your Homework, Investors Told

As it stands, NASAA is the oldest international organization whose main focus is investor protection – it is based on voluntary association and boasts of 67 member states, provinces and territories across the United States, Canada, and Mexico. However, despite its far-reaching capabilities in handling irregularities in the crypto within the mentioned areas, there still needs to be some element of support from other stakeholders.

The operations president has highlighted the need for ICOs to register with the appropriate agencies or, if possible, contact regulators to check whether they qualify for exemptions or not. He further warned investors against dealing with ICO promoters claiming their products is exempt from securities registration unless of course, the claim is verifiable.

“Do your homework and contact your state or provincial securities regulator with any concerns before parting with your hard-earned money — afterward may be too late,” he pointed out.

India_crypto

India Considering Crypto Tokens for Financial Transactions

Indian authorities have recently revealed that the country has been exploring tokenized datasets and other cryptographic forms of blockchain technology albeit while still maintaining their rather unfavorable stance towards cryptocurrencies citing their potential role in unlawful activities such as money laundering. As such, the prevailing ban on cryptocurrencies is likely to continue regardless of the government’s interest in issuing digital tokens for financial transactions.

“There are lots of issues that need understanding and lots of studying needs to be done,” a government official who requested to remain anonymous said. “Blockchain is an interesting thing. We definitely want to milk it effectively for financial transactions. So all officials are really trying hard to understand how to separately use blockchain, without cryptocurrency. And understanding a new software takes time.”

According to local Indian news outlet, DNA India, the country’s government have been considering the applications of crypto tokens in several different areas. However, as clarified by the new outlet, the government has excluded any use of cryptography and blockchain technology for the purposes of cryptocurrencies or any other sophisticated means of money transfer and international transactions. In fact, the officials believe that the crypto-tokens, including the ones they are exploring, do not themselves hold any inherent value. Instead, they represent an underlying asset that is only accessible to the private key holders. This implies that the crypto tokens will certainly not be serving as a substitute for fiat currency but will be representing an underlying value so as to enable faster and more transparent payments.

“One will need to pay physical money to buy a token which could be stored as a code in any basic mobile feature phone. It can even be used for remittances. So, it is easy to implement from technology as well as a regulatory point of view. But in the case of cryptocurrency, one needs to allow it as a legal tender first,” the DNA India report explained.

Spearheaded by a Committee

India’s finance ministry has since set up a committee headed by the secretary of the Department of Economic Affairs (DEA) for this initiative. The committee has been tasked with working on a set of regulations and a roadmap to guide the use of the proposed assets in India. A drafty of these regulations, once drafted, will be forwarded to the country’s parliament for further approval.

“The committee is studying the possibility of using cryptocurrencies or crypto technology (distributed ledger technology) for financial transactions and also what kind of regulations are needed for that [while] the currency is totally banned, the committee is discussing its other uses and how it can be mainstreamed in India,” Subhash Chandra Garg the DEA secretary, who is heading the committee, said.

videoslots

Videoslots.com Signs Supply Deal with iGaming Provider Spigo

Renowned online casino operator, Videoslots.com has entered into a supply deal with independent iGaming software provider, Spigo – a deal which is expected to see to the integration of a ton of slots content. Already, in a bid to ensure that it provides its customers with nothing short of the best and the widest variety of games, Videoslots has partnered with over 70 of the most trusted online gaming software developers and providers and the newly inked partnership with Spigo is not only an extension of these efforts but also a means of expanding its already impressive portfolio.

“Spigo have made a name for themselves developing top quality, enjoyable games and we’re sure our players will enjoy the extra choice that this partnership will deliver. With an initial roll-out of proven slots titles, we hope to follow this up with the integration of further content in the coming months,” William Ahlberg, Head of Games at Videoslots, said.

The announcement was made through an official press release that revealed that Spigo’s high-spec titles brought to Videoslots customers on both desktop and mobile. All of the titles will also feature dynamic jackpots, free games, free spins as well as a variety of unique bonus games.

Spigo’s games are playable on a wide range of devices and can be played for money or just for fun. In addition to this, the software developer has also equipped these games with both single players and multiplayer gaming capabilities – this can be found on their card-based and dice-based games.

“We’re very pleased to deliver our much-loved slot machine titles to Videoslots. They’ve proven themselves as one of the most innovative online casinos around and we look forward to a successful partnership in the future. Our variety of game genres all boast premium graphics, enjoyable gameplay, and exciting bonus features and we’re sure Videoslots’ players will enjoy the titles on offer,” Caroline Maciel, Spigo’s Sales Manager said.

Videoslots.com to Offer Content from Evolution Content

Videoslots.om has also recently signed a high profile partnership deal leading supplier Evolution Gaming to integrate the software supplier’s live casino content.

“We are always looking to add high-quality content to our portfolio and Evolution Gaming has exactly that. The demand for live casino games has never been higher, so with this partnership, we are able to offer more than ever as we continue to grow our portfolio of titles,” William Ahlberg commented on the partnership.

As per the terms of the agreement, live casino offerings like roulette, blackjack, and baccarat will all be integrated by the online casino operator – the same will apply to the casino hold ‘em, three card poker and dream catcher games.

“A lot of work has gone into developing the best live offering possible, and being able to offer that through Videoslots.com is very exciting for us. Our live offerings are some of the best on the market and we are sure Videoslots.com players will love trying them out as we look to build a long relationship together,” Sebastian Johannisson, Evolution Gaming’s Chief Commercial Officer added.

blocktrade

First Fully Regulated Cryptocurrency Exchange Goes Live

Crypto has been on a roll with a ton of new developments popping up every single day. While the nascent industry is certainly headed towards the right direction, achieving full regulatory approval is a very big deal, especially for cryptocurrency exchanges – it is even harder for them to get regulatory approval before they launch. Well, not anymore.

Liechtenstein-based Blocktrade.com has just been approved by the Finance Markets Authority and is set to be the first digital currency exchange to be open for testing – the Financial Markets Authority is a member of the European Securities and Markets Authority (ESMA). In a press release, the company confirmed that is in the process of obtaining a multilateral trading facility (MTF) license courtesy of the European Union’s MiFID II framework.

Blockrade.com’s launched the beta version for testing last week – this trial period is set to end on August 25 and will be followed by the full launch though the actual date of the launch is yet to be revealed.

“I hope early adopters will provide us with valuable feedback so that we can improve the platform even further. I believe its capability, as well as its user experience, are impressive, so I am convinced the word about our beta release will be spread widely. We are already setting up interviews with major financial, fintech and business media, so I will get a chance to talk about our development and vision for the future of finance,” Blocktrade’s CEO Luka Gubo said in a recent interview.

During the aforementioned initial testing phase, Bolcktrade.com will be offering Ethereum, bitcoin, Litecoin, Bitcoin Cash, and Ripple’s XRP trading pairs. Once the platform is fully launched later this year (around September), it will offer Security Tokens, Crypto Traded Indices and Tokenized Assets.

“We believe that if you operate an exchange and if you have an orderbook with a matching engine, you should also be regulated as an exchange. This removes the hurdles for traders (retail and institutional alike) to access the new asset class as the full MiFID II compliance makes us more transparent, reliable, trustworthy and enables equal access for all,” Gubo added.

The State of Crypto

Unfortunately, many institutional investors still regard the unregulated exchanges that dominate the crypto market as risks due to the lack of transparency. In fact, as it stands the European Union is yet to come up with a unified position and regulatory requirements for the cryptocurrency exchanges operating in the territory.

As for the MiFID II which came into effect at the beginning of 2018, the licensing process is quite explicit and will certainly do for now. To put this into perspective, it requires that the companies seeking its license prove that they have operated fairly, honestly and professionally in the best interests of the users of their platforms. The institutions also have to comply with a number of reporting, transparency and capital requirements.

Bitcoin_value_rise

Bitcoin Increases 5 Percent to $7,700. Is This It?

Bitcoin, the world’s largest and most popular digital currency continued its rally yesterday, shrugging off the hoard of regulatory and security worries that have significantly dragged down its price this year. According to data from CoinDesk, the cryptocurrency’s value increased by 5 percent on Monday, July 23, to a high of $7,770.58. This further represents a 20 percent increase in value from what was recorded a week ago.

Bitcoin broke above the $7,000 mark last Tuesday for this time in over a month after news surfaced that BlackRock, an asset-management company, was planning to set up a working group for the purpose of exploring digital currencies and the underlying blockchain technology. Similarly, in a report that was written last week, Grayscale, which manages $2 billion in assets said that more institutions are beginning to take interest in crypto. This, as affirmed by Matthew Newton, an eToro analyst, adds to the long-term upside for both bitcoin and the entire crypto industry.

“In the long-run, all of these points are very bullish,” said Newton, an analyst at eToro. “Technically, on the charts, what happened last week was very positive, but getting through these levels will be critical in the short term action.”

Matthew has also expressed the immense excitement and anticipation surrounding the approval or a bitcoin ETF, which is due to be decided in August by the Securities and Exchange Commission.

The Largest Bull Run in History?

Bitcoin has been inspiring bullishness as it breaks resistance levels and steadily moves towards the $8,000 mark – there is already a lot of anticipation that this might turn out to be the largest bitcoin bull run ever. Spurred by news of interest from major institutions, the bullishness that has been hitting the crypto market lately is not without merit and a number of experts are beginning to weigh in on all the possibilities.

According to Romal Almazo, the cryptocurrency lead at Capco, tier 1 banks are beginning to weigh their options in regards to crypto.

“Any signs of the big players entering the market will cause huge waves. Though my personal belief is that we are still a few years away from reaching this tipping point, we are in what I would refer to as an exploratory phase when it comes to institutions and crypto,” Almazo said in an interview with Express.co.uk. “Right now, as Tier 1 banks and financial institutions explore their options, the two main things that are holding them back are the lack of regulatory oversight and the numerous risks associated with digital custody and storage. This will also mean a huge opportunity for insurers to get into the market and partner with digital custodians and digital storage providers.”