Vivo-gaming

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.

DAO.Casino-Mixbytes-partnership

DAO.Casino, MixBytes Partner for Gambling 3.0 Blockchain

Global blockchain adoption has been a trend for the past several months, a very positive development that will hopefully help the industry to recover after the ruin that the crypto market went through because of the bearish trends of the last year. Investment in Distributed Ledger Technology (DLT) startups increased significantly as venture capitals and many other investors put on more than $5 billion in the space, with the hopes that it will deliver on the promised blockchain-powered future.

Fortunately, the industry is slowly taking shape and until now, there have been a number of industries that have moved to adopt the innovative technology and more are expected to join the bandwagon sometime in the near future.

Some of the most notable developments include the increased number of crypto-powered online casinos or gambling platforms that have come up in the recent past. While this comes as a little of a surprise especially because the gaming industry is known to be one of the earliest adopters of emerging technologies, it is great news for the global crypto and blockchain communities as it represents a huge leap forward in the bid to have both sectors go mainstream.

As the blockchain and crypto gambling industries continue to blossom, DAO.Casino has inked a partnership with Mixbytes to build a brand-new Digital Ledger Technology (DLT) platform that will capitalize on the growth of the online crypto/blockchain gaming segment.

Unified Blockchain Solution for the Gaming Industry

Some of the biggest issues that have plagued the online gaming industry include the lack of trust and the security of players’ funds. Various blockchain and crypto technologies have been able to address these issues but the new gambling 3.o blockchain platform is set to things a notch higher – according to a DAO.Casino tweet, the intention of the partnership is to build a platform that will “provide unified blockchain solutions for the gambling industry”.

The partnership is a strategic move for both companies as it will ensure that there are more high-level experts taking part in the creation of the new platform, which will hopefully define the future of the online gambling industry and blockchain applications.

“MixBytes are to provide DAO.Casino with thorough consulting and collaborate to create the DAO.Casino Blockchain, featuring all the necessary technologies to ensure the future prosperity of decentralized gambling, as finality, random number generator, high throughput, low latency and more,” DAO.Casino officials said.

The new blockchain will put major emphasis on the reduction of transaction times as well as the improvement of existing security features. DAO.Casino’s plan is likely to go very smoothly especially now that it has already established itself as a prominent name in the world of crypto-powered online gaming.

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.

Crypto-Gambling

Can Crypto Replace Credit Cards for UK Online Gambling?

The UK Gambling Commission, in March 2018, announced that it was mulling over a possible ban on the use of credit cards on online gambling sites. This consideration came up following the commission’s report on responsible gambling measures where it was found that the availability of credit card payment options at online casinos was a viable cause of harmful gambling tendencies among a considerably large number of people.

According to the commission’s report, approximately 10 to 20 percent of all the deposits that were made to online gambling sites in the country were made using credit cards. In essence, this implies that close to a fifth of all the online gambling that was carried out in the United Kingdom was facilitated by borrowed money. This even becomes a much bigger problem when we factor in the fact that most, if not all, of the involved credit card companies treat these transactions in the same exact way that they treat cash advances – that is, they do not come with an interest-free period, may entail exorbitantly higher interest rates and often incur varying amounts of handling fees. Combined, these are the ultimate ingredients for problem gambling and never-ending financial woes for given groups of people – problem gamblers.

The UK Gambling Commission has taken a more proactive approach in the way it handles its activities of late and thus if things keep going the way they are, it is possible that it will indeed proceed to regulate a credit card ban of some kind.

What Next?

Naturally, if it so happens that the use of credit cards for making online casino payments is banned, both the consumers and operators will need to find viable alternatives. Some of the ones that have already been floated around include e-wallets and bank transfers both of which are actually quite reasonable. However, by far the most revolutionary and perhaps the most appealing is blockchain technology and the associated digital currencies.

Needless to say, cryptocurrencies have grown immensely popular over the past few years and within that time a number of online gambling sites have adopted their use in a number of different ways. This implies that there is already a sense of direction and thus it should not be so hard to have digital currencies completely replace credit cards as a payment option on online gambling websites.

There are a number of advantages that a crypto-powered gambling service would have but it is important to note that there will equally be a unique set of challenges. Still, with the looming ban on credit card use on online gambling websites, it will definitely be a great time to advance the agenda for mainstream adoption of blockchain and cryptocurrencies.

crypto-hack

Cryptocurrency Exchanges Lost More Than $1.5 Billion in 2018

2018 was indeed a monumental period for the cryptocurrency community primarily because of the various highs and lows of the industry as well as the many innovations that we got to see. Some of the most notable occurrences were the loss of funds by a number of exchanges all over the world. It was hard to keep track of the amounts but now, thanks to a Q4 cryptocurrency Anti-Money Laundering report that was published by CipherTrace, a blockchain intelligence agency, it has been revealed that criminals stole a whopping $1.7 billion of cryptocurrency last year. The company further pointed out that cryptocurrency theft is still on the rise despite the freefalling prices of cryptocurrencies as well as the savage bear market that the sector has been subject to.

Of the $1.7 billion that was stolen from the crypto exchanges and wallet providers, $950 million went to hackers. This was 3.6 times more than what was recorded in 2017 which further shows there is one increase in theft despite market drops – the price of bitcoin, for instance, has dropped in value by almost 80 percent. Obviously, this is a very worrying statistic especially for an industry that is trying very hard to achieve mainstream adoption.

The Reasons

As it turns out, many of the existing exchanges have been in operation for no more than two years and most of them do not have sufficient safeguards in place to prevent hackers from stealing their funds. The lack of these safeguards makes it possible for hackers to obtain simple files of cryptographic private keys and each can be worth anywhere between $30 million and $500 million. While this is the case with most companies, it is also worth noting that not all crypto-related businesses are not immature in terms of funding, implementation, and training – the tools and methods used by hackers are also becoming more and more sophisticated which means that even established companies that are considered to have better safeguards can lose funds or data due to hacks.

At least $725 million of the stolen crypto funds came from “inside jobs” which included exit scams, fraudulent Initial Coin Offerings (ICOs) and Ponzi Schemes.

Proposed Solutions

According to Dave Jevans, the CEO of CipherTrace and co-chair of the Cryptocurrency Working Group at the APWG.org, the cryptocurrency sector needs to implement huge improvement to their infrastructure and increasing education in order to prevent such kinds of attacks. Such measures could involve the use of robust anti-phishing measures, cold storages as well as data sharing and behavioral analytics. Fortunately, thanks to the global wave of regulations that will be going into effect anytime this year, laundering of digital currencies by hackers and criminals will be much harder to do. Hopefully, it gets better from there.

cryptos

More Institutional Investors to Venture into Crypto in 2019

The price of a number of cryptocurrencies including bitcoin, which is considered to be the mother of all cryptocurrencies, took big hits in 2018 amid the prolonged Crypto Winter. Even though there is no guarantee that it cannot get any worse than it did in the just concluded year, many investment analysts and financial market experts are expecting the volatility to subside significantly this year largely due to the entry of institutional investors. In fact, according to a report the Australian Financial Review some analysts even believe that bitcoin may make a comeback that will be fueled by the momentum created by institutional investors.

Over the summer of 2018, Wall Street was stunned by the news that some multi-billion-dollar endowments of Harvard, Yale and Stanford had decided to invest in digital currencies. Analysts believe that due to the herd mentality of most institutions, the move is likely to trigger a chain reaction of sorts among other institutional investors like pension funds. This influx of institutional investors was expected to pick up in a major way in late 2018 but the harsh bear market that affected nearly all digital currencies stalled most of the efforts – a number of the institutions were reportedly scared off by the protracted downturn of the crypto market which is an understandable move especially for organizations operating within that particular space.

Financial analysts have projected that, as Wall Street appears to be poised to even more turbulence in 2019, organizations may begin to consider crypto assets even more seriously – these assets are not buoyed since they have no correlation to the regular stock market and this makes a pretty good investment, especially during volatile periods.

Will Crypto Finally be Legitimized?

Well, many observers believe that, as it stands, mainstream adoption hinges on regulatory clarity to help legitimize the market. Regulation is already a big deal and has been defined by the move by US lawmakers in December 2018 to propose legislation that was designed to prevent bitcoin price manipulation and position the United States as a market leader in the crypto space. The US is being encouraged not to ignore the “profound potential” of crypto to bolster the country’s economy and this might just be what is needed to have digital currencies legitimized. The industry is putting a lot of effort into advancing the agenda of mainstream adoption of crypto most by greasing the wheels of Congress.

Unfortunately, there are some setbacks that may still impede the growth of the sector and one of the most serious ones is the scalability. As it stands, most platforms would need about a year to figure out concrete solutions to scaling, but until then let’s hope that the Lightning Network grows further and, hopefully, achieves its full potential.

btc-tax

UK Lawmaker Proposes Tax & Utility Bill Payments in Bitcoin

Eddie Hughes, a Conservative UK Member of Parliament is calling for local authorities in the country to take the lead and begin accepting tax and utility bill payments in bitcoin. According to the politician, bitcoin and the underlying blockchain technology both have great potential but the lack of reliable or adequate information and knowledge in this regard is one of the things that is preventing wider adoption.

“You’re either ahead of the curve or you’re behind the curve,” he said in a recent interview.

In the interview with the Daily Express, the lawmaker pointed out that the country is in a very interesting position especially because it hopes to be seen as a progressive nation. While the United Kingdom is still at crossroads, the decision to adopt the use of cryptocurrencies could prove to be very beneficial in the near future. If this is to happen, people will first have to understand how the transactions work and see how accessible the technology can be – ideally, the technology needs to appear like an app that can be used to make fast, safe and secure payments.

Being that the technology is talked about a lot in, the member of parliament feels that all the other lawmakers have a duty to understand it, something that will then enable them to make more informed decisions pertaining to the technology. Hughes further cited the Royal National Lifeboat Institution which is currently accepting charitable donations through cryptocurrency – this particular use case proves that bitcoin and other digital currencies can be used for many other services as well.

“The state should focus its attention on using blockchain to enable social freedom, to increase efficiency, and to rebuild societal trust,” Hughes stated.

This is, however, not the first time that Hughes has publicly supported cryptocurrencies and blockchain technology. Back in July, he wrote a report that called for the state to appoint a ‘Chief Blockchain Officer.’

Is This Possible?

Accepting taxes and utility bills in crypto would definitely be a good start for the crypto community and the country. However, regulators in Europe have been very skeptical about cryptocurrencies especially because digital currencies are very volatile and risky and are often associated with such vices as terrorism, fraud and money laundering. These European regulator’s alarmist entreaties have mounted quite a lot of pressure on the government of various European countries to implement some very stringent regulations that are supposedly meant to protect the public and investors while at the same time preventing the risk of financial instability.

As it stands, the future of crypto in the UK is even more uncertain thanks to a revelation by the country’s Finance Conduct Authority that it is considering banning crypto-linked derivative products. All these will be looked into in the first quarter of 2019.

blockchain-speed

Conflux Raises $35 Million into New Blockchain Protocol

The cryptocurrency industry, despite having existed for well over a decade and culminated into several innovations, is still in its nascent stage. Needless to say, there have been some very high moments for the industry as well as some very low lows, but cryptocurrency enthusiasts are in no mood to give up their optimism for a bullish future.

Still, we have to acknowledge the fact that the crypto market has been on a downward slope for a better part of this years, a bearish trend that is still going on. One of the major factors that go against digital currencies, more specifically bitcoin which is the flag bearer of the cryptocurrency world, is the sluggish nature of the underlying blockchain technology which makes its an infeasible choice for a real-world ledger. Even though developers have been working round the clock to solve this problem, it remains to be one of the most significant stumbling blocks to the wider adoption of cryptocurrencies.

Well, things, in this regard, are about to change for the better.

Enter Conflux

In a bid to provide the much-needed solution to the problem, a group of university professors and researchers have raised a whopping $35 million for Conflux, a non-profit foundation that will support the development of a new and improved blockchain network. The Conflux project which is being backed by a Sequoia China and a number of Chinese Internet Companies claims to be able to overcome a key limitation of the existing blockchain – this limitation is rooted in the fact that protocols like bitcoin’s can only add a single block to the blockchain at any given time. The addition of multiple blocks at the same time results in the creation of a fork which leads to competing chains.

Conflux’s solution involves the utilization of a system that allows users to simultaneously work on blocks and put them in the chain. This new system will also be able to maintain a decentralized consensus method that prevents any entity from taking control of the blockchain. The general idea is to make the entire blockchain scalable.

In essence, Conflux serves to fulfill Etheruem’s promise of allowing the users to create an execute the so-called “intelligent contracts” in a distributed blockchain library. Unfortunately, even though Ethereum boasts of being a powerful technology, it still suffers from the same speed scaling issues that have hampered the growth of bitcoin up until now.

“Contrary to popular belief, true decentralization isn’t sacrificed to increase throughput, highlighting Conflux as the first example that achieves the best of both worlds. By weaving a Directed Acylic Graph data structure into Conflux’s Proof of Work consensus algorithm, tests on its testnet has achieved a throughput of at least 6,500 Transactions Per Second (TPS), while supporting at least 20,000 nodes,” said the foundation’ press release.

Private blockchains have been able to overcome the aforementioned scaling problems but this has been at the expense of decentralization since they were only able to do this by relying on central authority. Conflux, on the other hand, promises to offer the best of both worlds, that is, both speed and decentralization.

bitcoin-price

Bitcoin’s Price Dwindles as Its Dominance Increases

Bitcoin has been on a steep downward trend for the past few weeks. In general, the market has not been very stable with a number of people hoping that it the market will stabilize very soon and bitcoin can regain even a little of the value that it lost in the past month. Both bitcoin and Ethereum, the two most popular cryptocurrencies have had their prices drop by over 40 percent particular because of the rapidly increasing sell pressure and the declining buy pressure. As a result, the crypto market has been struggling to sustain some sort of momentum in a bid to reverse the downward trend but, of course, it might be a while before this happens.

To put this into perspective, when the price of an asset falls significantly without any significant spike in volume, it is representative of a free fall albeit without much sell pressure. This implies that as big sell volumes continue to hit the market, the price of the said asset will be at the mercy of additional sell-offs in the future.

This Is Not the End

Even though bitcoin has undoubtedly had quite a month, it did not take nearly as much a hit as many other digital currencies. In fact, in November, bitcoin’s share of the total cryptocurrency capitalization or rather its dominance saw a notable increase. Over the course of the month, bitcoin’s dominance has spiked from lows of 51 percent in early November to the prevailing 53 percent, something that goes further to prove the digital currency’s appeal to both miners and investors.

Despite the fact that there have been lots of talk about the demise of bitcoin, especially over past two weeks, it is worth noting that the cryptocurrency’s price is still more than what it was last year in the summer. Furthermore, bitcoin has been building quite a loyal customer base over the past decade and there is still a growing appetite for crypto all over the world.

Institutional Investors Are Still Hopeful

It is not only individuals within the crypto community that are still confident about bitcoin. The traditional financial services industry and a number of institutional investors including New York exchange operator, Nasdaq, are still pursuing ventures involving the digital currency. According to Bloomberg, the company on November 27 announced that it is moving forward with its plan to list bitcoin features, a market that it hopes to officially launch in with the first quarter of 2019.

Sources close to the matter have also revealed that the New York exchange has been working closely with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval for its plans to operate as a compliant bitcoin futures market service provider. There is a huge window for success but knowing how shaky the crypto market can get, it remains to be seen just how far these projects will go.

whirl

Socially Driven Crowdfunding Comes to the Blockchain

Following years of extensive research and one and a half more of development through legal vetting, an A-list team of blockchain, non-profit and crowdfunding experts is proud to launch WHIRL, the global market’s first ever blockchain-powered consumer crowdfunding platform. According to Roel Wolfert (Bancor, VISA) and Martijn Hekman (World Vision, United Nations), WHIRL aims to give the world a whole new way of financing dreams and obligations through the introduction of a revolutionary incentive system designed to maximize success and also encourage charity. Like other revolutionary blockchain-based projects, this one is expected to a great leap forward for the crypto community.

How Does It Work?

WHIRL has been described as a “what goes around comes around” kind of system owing to its unique karma-based model – in fact, the system’s reward concept is literally referred to as a Karma. The platform is not only socially driven but is also deeply rooted in traditional crowdfunding, that is, where individuals, groups organizations come together in a bid to pool resources towards their projects.

WHIRL can reportedly be used to finance any type of venture; ranging all the way from personal goals to medical bills, business ventures, and even scientific endeavors. People can, therefore, get funding by participating in charity instead of taking out loans or sourcing for funds from family and friends. While this makes it a cut above the rest since it is pegged onto the blockchain network, there is more to it than meets the eye.

The platform utilizes a fair and transparent queue system which limits the number of listed campaigns at any given time. Its blockchain is powered by WRL tokens and the concept of Karma, a reward system that supports and facilitates the giving economy within WHIRL. With these, it is able it is able to guarantee a 100 percent success rate to all projects listed under a campaign. However, only those with a history of contribution are allowed to create fundraising campaigns.

Contributions are tracked through the issuance of Karma points – 7 to 20 Karma points are awarded for every dollar contributed on any campaign listed on WHIRL. Consequently, there is a threshold number of points required to launch a campaign and based on the number of points accumulated, the size and duration of the campaign is determined. In addition to this, the campaigns also go into a transparent queue based on the order of submission.

So Many Birds, One Stone

WHIRL is poised to take care of a number of unattended needs in the crowdfunding market which has stagnated over the past decade due to fraud, oversaturation and, of course, the declining rate of success of crowdfunding campaigns. By listing only a limited number of campaigns at any given time and incentivizing backers with a fair and transparent system, the platform definitely takes care of most of these problems.

In addition to that, WHIRL supports 12 cryptocurrencies (including BTC, BCH, DASH, and ETH) at the moment, something that by itself already sets it apart from many other crowdfunding platforms – it also has plans to add more digital currencies in the future. This is great for the crypto community as a whole since it will aid further proliferation of digital currencies into the mainstream market.