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Sony Publishes Patent for Crypto-Powered Esports Betting

Thanks to the massive success of its PlayStation ecosystem, Sony is arguably the most cherished gaming company on the planet right now. This has not stopped the company from pursuing various areas of growth and, as it turns out, crypto seems to be one of the areas that the company has been looking at. In mid-May, this was confirmed following a report from Market Research Telecast which states that the Japanese video game company had finally published a crypto-related patent that they had filed back in 2019.

The report gave a glimpse of Sony’s plans for the crypto industry. It plans to start accepting bitcoin payments which would allow for live in-game esports betting. The platform would reportedly use both traditional or fiat currency as well as digital currencies but we are naturally more interested in the crypto aspect of the whole thing particularly because it represents yet another massive growth milestone for the sector.

How Would It Work?

Sony already boasts of a massive network as it stands and perhaps their next moves in this regard will revolve around making the new technologies work with their existing products. From what we could gather, the new crypto esports betting feature will simply work as an overlay. This means that the gamblers will still be able to watch the games live and be able to bet in real-time.

When it comes to the betting odds, the company will reportedly rely on artificial intelligence (AI) system that will be utilizing data related to the game’s history and that of the players. To make it even better, Sony seems to be planning to make the amazing new feature available to users of other platforms as well. In the patent, the company mentions porting it other consoles and gaming devices from companies like Nintendo and Microsoft which are the company’s biggest competitors.

Why This Matters

Digital currencies have generally been all the buzz lately and while most of the attention it has been getting could be good, there are still lots of people that are not sold on the idea yet. Sony’s, which owns the most recognizable gaming brands on the planet, entry paves the way for even more adoption.

Gaming has always been one of the most promising use-cases of digital currencies and with the massive rise in esports, there is certainly no better time to begin this journey than now. If everything falls into place, gamers all around the world will soon be able to have an even more refined glimpse of what the video game company has in store for them.

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Bitcoin Boom Prompts New Developments for Financial Institutions

The past couple of months have been quite monumental for the world of crypto. Bitcoin, in particular, managed to scale to even greater heights and broke records it had set before, something that has a ton of impacts on the way individuals and institutions perceive crypto. Already, we are seeing several new developments with the most notable ones being by leading financial institutions. It is not just gambling operators anymore.

Goldman Sachs to Reopen Its Cryptocurrency Trading Desk

Beginning next week, Goldman Sachs Group Inc will be reopening its crypto trading desk. It is the second time that the banking powerhouse will be pursuing a piece of the crypto market. The previous attempt was in 2018 and was abandoned following the crash of bitcoin at the time. Now, there has been a change of heart for the company which is without a doubt a result of the mind-numbing bitcoin surge recorded over the past several weeks.

Goldman Sachs’ new crypto trading operation will see it deal bitcoin futures for clients. In addition to that, it will also be trading non-deliverable forwards which are already quite popular in foreign exchanges and commodities markets. This move has been equated to decisions by investors and companies to use bitcoin as a hedge against inflation especially as governments and central banks turn on various stimulus taps.

Coinbase’s Impending Listing

Riding on the back of a very strong 2020 and a solid first two months of 2021, Coinbase which happens to be one of the world’s most popular exchanges is finally taking another leap forward by becoming a public company. This will not only enable it to raise capital publicly but also push forward its plans to give more people access to crypto. If you missed out on the crypto boom, this will be the perfect opportunity to jump onto the bandwagon.

An official offering date is yet to be announced but if the ongoing rumors and speculations are anything to go by, we should expect some developments very soon.

Robinhood Records Massive Surge in Crypto Activity

Robinhood has also recently reported seeing growing consumer interest in crypto trading – the volumes have already risen significantly which goes to show just how lucrative the sector is becoming. To put this into context, the company saw a whopping 6 million new crypto traders at the beginning of 2021, a number that is still growing.

Perhaps the next move will involve the expansion of its crypto portfolio. As it stands, it only supports seven digital currencies which is a rather small number when compared to other trading platforms. This should, hopefully, change very soon.

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CoinPoker Migrates All its Tables to USDT

CoinPoker has kicked off the new month by implementing a huge change to its very popular online poker platform. Beginning October 1, all of the operator’s tables have been migrated to USDT, a popular stable coin that, as its name suggests, it linked to US Dollars exchange rate.

The online poker platform is the first to introduce USDT as its in-game currency, a move that is expected to bring over some much-need changes to the operator’s offerings. This will certainly be a major boost for the site as it strives to extend its footprint across the vast online gambling industry.

The Perks

To begin with, one of the first things that the operator is pursuing with the decision to use USDT is to solve the volatility issues that continue to plague several different digital currencies. More players are definitely going to be more willing to play online poker on the platform using a digital currency that is pegged to the value of the dollar.

USDT checks all of the right boxes when it comes to stability, transaction speed as well as overall reliability. For the poker community, it is definitely going to be a great option especially because of its superiority in terms of providing liquidity and a hedge against volatility.

Poker players are now also going to have the lowest rake in the industry while at the same time enjoying a verifiably fair decentralized card shuffling mechanism, a combination that is yet to be seen anywhere else.

More Features from CoinPoker

Since not many people will already have USDT, CoinPoker has also made currency conversion super easy. Not only can the players easily convert fiat to USDT from their bank accounts but they also able to deposit and withdraw in BTC and ETH. CoinPoker’s in-app currency conversion is pretty robust and reliable, something that lots of poker players will certainly love.

In case you are wondering what will become of CHP, CoinPoker’s original token, it will still be available for use for rake purposes. In fact, it will be used right alongside USDT. Players will note be forced to use CHP but suing its will, however, guarantee some pretty lucrative extra perks such as extra leaderboard points, rakeback, exclusive access to the operator’s sportsbook as well as massive discounts on withdrawal fees.

The amazing bonuses that the operator dished out on October 1 were just the beginning. There is so much more to come. Still, there is no better time to join the action than now.

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Bitcoin Gambling Comes to Android with Dragon BSV Casino

Digital currencies such as Bitcoin have truly revolutionized payments and even though they are yet to fully surpass traditional forms of payment, they are slowly heading there. No other industry has benefited as much as the gambling industry in as far as the crypto and blockchain revolution is concerned. Gambling operators have been utilizing both digital currencies and the blockchain technology that power them to deliver next-level experiences to their customers for quite some time now. So far, the reception has been very encouraging.

Android users are about to get a taste of this awesome combination thanks to the launch of BitBoss’ Dragon BSV Casino. This app gives mobile gamers a whole new way of enjoying their favorite games while having access to all the perks that are associated with the technology. While no timeline has been specified, the experience will also be coming to iOS in the near future.

In addition to ensuring such things as unmatched security, low transaction costs as well as super-fast transaction processing, the new app also taps into the concept of provably fair gaming. Bitcoin SV (BSV) has been around for a while and is just as popular as other digital currencies. However, what makes it stand out is its emphasis on unlimited scalability, security, stability, and efficiency.

That makes it the perfect option for online gambling operators who are on the lookout for a platform that offers robust authentication protocols as well as better transparency. The fact that it can work with Bitcoin makes it even more desirable since that is the digital currency that very many people will be familiar with.

What Can You Expect from The App?

To begin with, even though Dragon BSV Casino’s primary currency is Bitcoin, the platform also accepts several other digital tokens. In fact, players can have the app display the currency of their choosing by default and it even automatically converts Bitcoin into the preferred currencies.

Needless to say, the gaming experience itself is the most important thing for the users. As it stands, the app already packs Lottery, Baccarat, and Roulette titles. The game collection is set to grow even further with the addition of other popular titles including Sic Bo and Blackjack. To make it even better, third-party game developers will also have the opportunity to add their titles to the BitBoss ecosystem. As such, the users of the app can look forward to a very robust portfolio of games.

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Bitcoin SV and Provably Fair Gambling in the Online Space

It has been over a decade now since the online gambling industry began to tap into the mind-blowing features that crypto has to offer. One of the most notable concepts in that regard has been provably fair gambling that is made possible by the blockchain which is trusted for recording transactions both immutably and transparently.

Bitcoin, which is the mother of all digital currencies, has been an option for gamblers since 2014 but despite its popularity, it is receiving a decent amount of competition from other currencies such as Ethereum, Litecoin, Bitcoin Cash, and Bitcoin SV.

In several places, the Bitcoin SV (BSV) blockchain has been growing in popularity especially because of its growth and the tremendous development it has gone through. As it stands, the Bitcoin SV blockchain is considered to be the very best network when it comes to hosting provably fair games. Unlike other digital currency projects, Bitcoin SV has put aside most of its efforts to push electronic cash and instead opted to focus on allowing unlimited scalability. The ultimate goal has been to do all that while at the same time keeping the BSV blockchain secure, stable, and efficient.

That said, it is not too surprising that many online gambling operators are leaning towards Bitcoin SV. Already, people in some states in the United States and some countries around the world are able to buy the digital currency using either credit cards or bank transfers. This is made possible by BuyBSV.com, a site that is touted as one of the easiest and safest ways to buy Bitcoin SV.

Are There Alternatives?

There are, of course, a lot of things that make Bitcoin SV stand out from all the rest. However, its popularity and adoption are still undermined by the fact that it is undervalued. A decent number of digital currency exchanges do not support the currency and even the ones that do have made it quite hard to trade it.

Thankfully, the world of crypto is largely about freedom of choice. Gamblers and crypto enthusiasts can stick to BSV or try out some other options including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and USD Tether (USDT). USD Tether, for instance, has been gaining quite a bit of attention on the online gambling space due to the fact that it is tied to the US Dollar. This means that it is not nearly as volatile as other digital currencies. Most casinos can consider this as an option for gamers who are looking for an entry point into the world of crypto gambling.

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Major Premier League Club Partners with Bitcoin Lottery

Last month, Crypto Millions Lotto which is arguably the biggest bitcoin lottery on the planet announced that they had inked a lucrative partnership with English Premier League club Wolverhampton Wanderers F.C. The soccer club which is also referred to as the “Wolves” now has the lottery as its “Official Online Lottery Partner”. Obviously, this is another great milestone for the crypto community as it continues to champion mainstream adoption.

While partnerships between Premier League Clubs and sports betting companies are quite common, this one is quite special since it involves an online lottery business. Furthermore, it is also one of the few partnerships with crypto-related businesses. The Wolverhampton Wanderers Football Club is no stranger to the world of crypto. It has previously partnered with CoinDeal – this was the very first time that a cryptocurrency exchange sponsored a professional soccer team.

What It Entails

As implied above, the partnership is groundbreaking particularly because of the expected outcomes. Already, the football club is considered by many members of the crypto community to be the “go-to” club. Pairing it up with Bitcoin which is also widely considered to be a default option for many crypto enthusiasts is perhaps the best way to drive the agenda forward.

Perhaps the most notable aspect of the partnership is the fact that it represents a huge step forward for the mainstream adoption of digital currencies. Both the online lottery and the football club are doing their best to encourage people to use bitcoin.

Crypto Millions Lotto has taken this a step further by offering a unique referrer program which allows their customers to receive referral fees in bitcoin. In addition to that, the lottery also gives them the chance to compete for a humongous $2.5 million prize and they do not even need to buy a ticket in order to participate. Wolverhampton Wanderers F.C.’s very larger fanbase will be very beneficial to this course.

“We are delighted to have found a partner that has the same disruptive ethos as ourselves. Wolves’ success last year has put the club’s name on the world stage in a sport that is by far the most-watched on the planet. As a company, we are big football fans, and Wolves is the most crypto-friendly club in England. They were an obvious choice,” Sulim Malook, the Crypto Millions Lotto CEO, said.

The online crypto-based lottery is currently licensed in over 100 countries where it has built up a great reputation for offering transparent, fair and trustworthy lottery services. Like many other crypto-based businesses, the company has been eyeing expansion plans as the crypto sector continues to mature. Clearly choosing to go with a football club which already has a huge customer base is a great way to go about it.

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Crypto Industry Preparing for Google’s “Quantum Supremacy”

Recent reports have suggested that Google appears to have reached an impressive milestone that is known as “quantum supremacy.” This basically means that the company has managed to use a quantum computer to perform calculations that are practically impossible for classical computers to solve. Referred to as Sycamore, Google’s quantum computer was able to perform the fete with only 54 qubits – one of which reportedly failed to work. This is quite impressive especially considering the fact that for quantum computers to really come into their own, they will need up to thousands more qubits.

While this is certainly great news for tech enthusiasts who are interested in quantum computing, it has sent the crypto and blockchain communities into a frenzy. For a very long time, members of the crypto community and cryptography experts have debated endlessly about the potential impact of quantum computing on digital currencies.

In fact, since the first digital currency came to be, researchers, technologists, and governments have developed deep interests in building software that is aimed at mitigating the threat of quantum computing. While still largely theoretical, quantum computers such as Google’s Sycamore, are considered to be able to vastly speed up the process of solving complex computations. This poses a huge threat to existing cryptographic technologies such as cryptocurrencies and the blockchain.

David Chaum Calls for Quantum Resistant Technology

After news of Google’s massive breakthrough hit the airwaves, David Chaum who is considered to be the “godfather of crypto”, weighed in on the issue by calling on the blockchain industry to focus on quantum-resistant technology. According to the cryptographer, the threat may already be quite real since there is no sure way of telling how long various nations have been working on the development of quantum computers. In retrospective, a number of governments have in the past been in possession of advanced cryptographic capabilities for extended periods of time without anyone knowing.

“The news that Google has achieved quantum supremacy strengthens my belief that quantum computing is coming and as a consequence, I believe we should all use approaches that are quantum-resistant,” he said.

Chaum further took the opportunity to share some details about his own digital currency which itself is supported by Praxxis, a quantum-resistant blockchain.  The Praxxis protocol utilizes quantum-resistant signatures based on large random numbers while simultaneously overcoming the challenges faced by legacy blockchains. These include such things as scalability, privacy as well as security. Praxxis was developed by a team of cryptographers and developers under Chaum’s leadership and it features a new approach to consensus.

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Casino Web Scripts Releases Three New Crypto-Themed Games

Following the success of Bitcoin Billion, the crypto-themed slot game that it released in 2018, Casino Web Scripts has taken yet another leap by adding three more games to its portfolio. The three new games that the game developer currently has under its belt include a dice game and two tile-guessing games – the latter are very similar to the insanely popular Minesweeper game.

The Dice Game

Casino Web Scripts new dice game is referred to as Crypto Diceometer and it is a provably fair casino game that boasts of a number of mind-blowing features. The game has some pretty simple rules and includes some very smooth and exciting animations which make the gaming experience truly exceptional.

When it comes to gameplay, all that players need to do is guess the correct sum on the dices that pop up on their screens. This sum has to fall within an interval which the player must select before the dice ate thrown. Very simple, isn’t it? For this reason, the game is a great pastime option for just about any kind of player since no gambling skills are required.

The Tile-Guessing Games

The first of the two new tile-guessing games is Rock Paper Scissors Tile-Adventures. In this game, the player is required to select Rock, Paper or Scissors after which they will reveal a tile that they can beat with the selections. Here, the goal is essential to reveal as many winning tiles as possible.

Next, we have the Crypto Persian Prince tile-guessing game. As its name suggests, this unique game comes with an Arabian nights theme that will certainly appeal to any player who looks good-looking titles. The amazing tile-guessing game is all about testing one’s luck – the players are tasked with revealing as many magic lamps as possible without coming across as a thief. If you are lucky enough you might even get to land the game’s huge jackpot.

More to Come

Casino Web Scripts reportedly has plans for even more crypto-themed games especially now that the cryptocurrency market has regained its high value. That said, we can look forward to many new card games as well as a new version of slot tournaments.

This is, of course, going to be made easier due to the fact that Casino Web Scripts has already established itself as a reputable market leader when it comes to the creation of high quality and popular games and software. Its products and services are used by several popular online and mobile gaming companies.

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Vivo Gaming, BitcoinCasini.io Partner for Live Gaming

BitcoinCasino.io has recently implemented some huge improvements to its gaming platform by adding Vivo Gaming’s extensive library of live casino games. The platform’s customers will now have access to a plethora of amazing slots, as well as various variants of roulette, craps, baccarat, bingo, and poker.

Vivo Gaming is a renowned developer of liver dealer gaming solutions that specializes in the aforementioned live dealer games in addition to sports betting software, RNG games, and other digital gambling solutions. With over 15 years’ worth of experience in the gaming industry, the digital solutions provider has built a reputation for being the supplier of some of the best live dealer gaming products for online gambling operators.

As it stands, Vivo Gaming holds a total of two licenses from First Cagayan and Curacao Gaming – the First Cagayan is the “first gaming jurisdiction that allows gambling establishments to operate in Philippine’s Cagayan Special Economic Zone”. Furthermore, the company is also certified by the renowned Gaming Labs which is responsible for making sure that the software suppliers comply with international gaming standards and regulations

What It Offers

Vivo Gaming is a great partner for a number of gaming platforms, particularly because it offers non-stop gaming services to the operators. This is made possible by the fact that the company streams their games from a number of different places including Costa Rica, Curacao, Asia, and many other places. Its outstanding services has seen it partner with many of the top gaming providers including BetSoft Gaming and Rival Gaming.

Moreover, the digital gaming solutions provider has worked hard to develop all of the fan-favorite traditional casino table games and many other Asian games like Sic Bo – these are available in the live dealer format. Unfortunately, its game portfolio is only available on Android-powered devices at the moment. However, there is a possibility that the company may be working on a dedicated app for iOS-powered devices.

Good News for BitcoinCasino.io Players

One of the most notable features that BitcoinCasino.io players will now be able to enjoy is the ability to play Vivo Gaming’s live dealer suite and simultaneously bet on multiple tables through the Multi-Game Play window. In addition to that, the platform will also be able to incorporate multi-use, multi-lingual and multi-currency interfaces as well as mini side-game betting during various games.

Even more exciting is the fact that the live dealer games will allow the players to talk to the dealer as well as other players. This will be possible across a wide range of devices including desktops, tablets, and even mobile devices.

FortuneJack

FortuneJack Taking Bitcoin Gambling to the Next Level

FortuneJack, an online crypto-based casino that allows its users to enjoy the real casino from the comfort of their homes has been all the buzz lately thanks to its wide array of dice games, different kinds of online slots, betting games and roulette.  Having been around since 2013, the gaming platform has built a reputation for itself as a provider of top-notch gaming experiences that have recently been complemented by the launch of their new mobile gaming platform that is definitely going to resonate with the modern breed of gamers who love to do everything on the go.

Being one of the pioneering crypto-powered gaming platforms, FortuneJack has grown to become a household among crypto gamers. To make things even better, the platform has managed to significantly puss up its portfolio of digital currencies – in essence, it allows you to place bets using virtually any mainstream cryptocurrency. The list of available digital currencies includes bitcoin, Ethereum, Litecoin, Dogecoin, Zcash, Dash, Bitcoin cash, and Monero.

Other Perks

The impressive number of supported currencies aside, FortuneJack has a ton of other great features that will certainly appeal to almost all kinds of players. In essence, the platform checks all the right boxes and thus it is likely that it will have most of the features that are found in other top online gambling sites.

One of the most notable of these features is the FortuneJack design as well as its user experience, both of which have been improved significantly over the years. Even the recently introduced mobile version of the site is, by all means, just as good or even better than most of the available online casino offerings. Now only does the apps feature an extensive game catalog but it also packs better navigation features that make playing on it a breeze regardless of where you are using a smartphone or a tablet.

More importantly, safety and security are key considerations for players in the modern age especially with regards to financial transactions. FortuneJack features provably fair games that are decided by a truly defined by a truly random RNG (Random Number Generator). Combined with the power of blockchain technology, the platform offers some of the best security features in the online gaming industry.

In addition to all this, FortuneJack also has a neat portfolio of games that are compatible across all compatible devices. More recently, the company recently debuted a Bitcoin Sportsbook that allows players to bet on a wide range of sporting events including basketball, hockey, soccer, volleyball, and football. Moreover, the online gaming platform also offers a ton of promotions such as free spins as well as weekly promotions like cashback and decreased house edge as well as many others.