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A look at 1xBit Casino & Sportsbook

Promoted post – Part of our Bitcoin Gambling series A cryptocurrency casino called 1xBit has been running for a few years now, providing a wide range of casino, live casino and sportsbook betting options. This Look At gives a rundown of how the casino works as a player, as we were looking to place a couple of bets on Ireland during the Six Nations. With their own custom built platform, the casino contains a huge sportsbook including a pretty extensive (sometimes overwhelming) range of slot games, and a solid selection of live casino games. I started off by registering an account. Registration

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Promoted post – Part of our Bitcoin Gambling series


A cryptocurrency casino called 1xBit has been running for a few years now, providing a wide range of casino, live casino and sportsbook betting options. This Look At gives a rundown of how the casino works as a player, as we were looking to place a couple of bets on Ireland during the Six Nations.

With their own custom built platform, the casino contains a huge sportsbook including a pretty extensive (sometimes overwhelming) range of slot games, and a solid selection of live casino games.

I started off by registering an account. Registration is a one click affair, you register and are assigned a username and password. This means you can bet anonymously should you want to, although there is also the option to assign an email address, phone number etc for account recovery purposes. The site also has mobile apps,  however the apps aren’t available from the iTunes or Google Play store, instead an app you need to manually install and enable through settings, or a downloadable APK, which may be a concern for some users who don’t want to install an app from outside of app stores. But they also feature a dedicated mobile site which works pretty well (I tested on iPhone).

The site is a crypto only casino, and supports most of the main cryptocurrencies, as well as a selection of tokens. The full list is: Bitcoin (BTC) ; Dogecoin (DOGE); Gamecredits (GAME); XEM/NEM; Litecoin (LTC); Dash (DASH); Ethereum (ETH); Ethereum Classic (ETC); Monero (XMR); Bytecoin (BCN); Sibcoin (SIB); Zcash (ZEC); DigiByte (DGB); BitcoinCash (BCH); BitShares (BTS).

1xBit’s 1st Deposit bonus works a little bit differently to most other crypto betting sites. The system works on a bonus points system, where as you bet you get bonus points, and as you bet 40 times what you deposit it’ll max out. This is up to 1 bitcoin, and must be done within the first 30 days as well as being subject to some other terms and conditions. As you accumulate points, you can then redeem them in the promo code shop, which lets you buy crypto which you can withdraw, or alternatively get a wide variety of bets you can place, as well as some games on certain slots. In addition to this, there’s a cashback system which works as you bet, letting you claim back between 5% – 11% of the value of your losing bets depending on your level, when your account balance is below 0.2mbtc.

So once I had deposited (and the minimum deposit is 0.0005 bitcoin), I was able to place sports bets straight away, although for live casino and slots I had to wait until the deposit had confirmed before I could play. Bets were priced in mBTC across the board. I started off browsing the range of slot games. There’s no other way to say it but, there is an extensive, to the extent of being sort of overwhelming, number of slots providers, which you can choose from. At this time of this article, this contained a whopping 80 providers: Pariplay, Endorphina, Iron Dog Studio, Play’nGO, Evoplay, Pragmatic Play, BetSoft, EGT, Playson, Wazdan, Genii, iSoftbet, Mr Slotty, ELK, Red Rake, Habanero, Spinomenal, Booongo, Booming Games, TopTrend, SAGaming, Join Games, Xplosive, Multislot, Gii365, BBIN, BetiXon, APOLLO GAMES, Fugaso, Rival, Spade Gaming, Omi Gaming, Zeus, Evolution Slots, Push Gaming, Relax Gaming, Synot Games, BeeFee Games, GMW, Agames, Firebird, Triple PG, Slingo Originals, Mikado Games, MGA, Gamomat, Aspect Games, Nektan, Worldmatch, Thunderkick, Fazi, August Gaming, Fantasma Games, Rakki Games, Leander games, Blueprint, Games Co, DLV, Kalamba Games, DreamTech, Revolver, Aiwin Games, PG Soft, KA Gaming, Play Pearls, Oryx, WeAreCasino, 1x2gaming, Gamevy, Spinmatic, Slotmotion, Betsense, BGaming, Concept Gaming, Ganapati, Belatra, Realistic Games, Spigo, Superlotto & twentyone.

Some of them were flash based, others html5 based, and I found them to be quick loading with decent audio and sound for the half a dozen ones I tried out. Many of the slots also have a freeplay option so you can test them out before spending real money on them. There’s a pretty good search option for keywords, as well as being able to narrow down by an individual provider. You can favourite games you like to play again, and there is a handy recently played so you can keep track of which ones you’ve tried. There’s also a good selection of video poker, roulette, blackjack and baccarat games to choose from as well. One thing I noticed is that some of the games ask you to convert your balance into USD though, and I wasn’t sure if this was a back-end thing, considering the site doesn’t accept fiat.

After playing around with the slot games for a while, I turned my attention towards the live casino. There are nine different providers, and each has different ranges of games. Included in one of this was an 18+ one, which has pictures of topless women on either side of the screen, but the dealers themselves are in lingerie. While it might be titillating for some, the background music was pretty loud, and you could barely make out what they were saying to you, and out of all the tables I sat at, they were some of the quietest tables with only a few players.

There’s all the games you’d expect, blackjack, baccarat, some have poker, and then some have spin the wheel type games. It is a little hard though to search across the different providers, ie to see all the ones which are using blackjack, so having to jump between providers made the experience a little disjointed, but once you were in it was fine to move between tables.

So after looking at the live casino, I turned my hand towards the main reason I’d come to the site, to look at the sports betting options. Ireland’s playing in the Rugby Six Nations at the time of writing, so I wanted to place a couple of bets on some of the matches.

The sportsbook features an extensive range of options, which cover all the major sports, including a number of minority sports, but then also bets on entertainment shows and even the weather! The full list of supported options are as follows: Air race, Alpine Skiing, American Football, Australian Rules, Badminton, Bandy, Baseball, Beach Volleyball, Biathlon, Bicycle Racing, Boxing, Chess, Cricket, Darts, Field Hockey, Floorball, Futsal, Gaelic Football, Golf, Greyhound AntePost, Greyhound Racing, Handball, Horse Racing, Horse Racing AntePost, Hurling, Inline Hockey, Lottery, Martial Arts, Motorsport, Netball, Olympiad, Poker, Rugby, Ski Jumping, Skiing, Snooker, Speed Skating, Squash, Streetball, Swimming, TV-Games, Trotting, Trotting AntePost, UFC, Water Polo, Weather, Football, Tennis, Basketball, Ice Hockey, Volleyball, Handball, Badminton, Baseball, Snooker, Futsal, Water Polo, Rugby, Australian Rules, Chess, Boxing, American Football, Athletics, Bandy, Bicycle Racing, Billiards, Bowls, Cricket, Crossfit, Darts, Figure Skating, Floorball, Formula 1, Gaelic Football, Golf, Hurling, Motorbikes, Motorsport, Netball, Olympiad, Short Track Speed Skating, Ski Jumping, Speedway, Squash, Surfing & UFC .

Being Irish, it was interesting to see Gaelic Games and Hurling there, and while I didn’t bet on them, they had some college games, as well as club and inter-county options available. On the Six Nations, it was easy to filter the game you wanted with icons, and then see all the events within the sport going on, and then the games to bet on. There was also a pretty good search, but I did run into a couple of times where the menu began to act up a little bit, and again it can be a little overwhelming with the choices for some of the more popular sports. There is an option within user settings though that lets you disable viewing some sports which makes it a little more manageable.

I was hoping to try out an accumulator bet, betting on the results of the three Six Nations matches happening at the weekend (which I lost and got completely wrong ;p results ). This was easy to build out, as you place a bet in your betslip, it adds up to the accumulator. The site defaults to decimal format, but in the settings there’s an option to switch to the UK format which gives odds in the format I’m used to, ie 15/1. I did notice the odds seemed a little bit lower than other (non crypto) sites I compared to at the time for reference.

I monitored the results as they came in, and it was pretty quick to settle the bets after the events I bet on. Given I was taking a rugby theme, I noticed there was an option to bet on your national team. It picked up a couple of sports and events that Ireland was playing with, and interestingly also some Politics and TV shows. Peter Stringer was in Dancing with the Stars, and you could bet on him to get knocked out, along with the rest of the dancers!

There’s also a very large range of esports matches you can bet on, and watch the events happening via live streaming. I had a look at a couple of matches of CS: Go, as well as League of Legends. There was also plenty of others, Starcraft, Call of Duty, Mortal Kombat, Overwatch, Dota, Rocket League, basically all the competitive esports were there.

I also tested support twice to ask some questions about the interface. The first time, I waited a very long time for a response, but the second time I was answered within a minute which was good to see. At the end of the session, I send in a request to withdraw my funds, and this was processed pretty quickly and received into my Trezor shortly thereafter.

So overall, the site is pretty comprehensive in the range of cryptos it supports, and sports and betting options it has. A criticism might be that it has too many options, with the interface being pretty busy in some sections, although once you get the hang of how to navigate the site it’s ok.

I also did some general research on the site, and there were a couple of things that did pop up. Some of the issues I found when Googling seemed unfounded to me, and there have been some reports of people betting larger amounts having issues around withdrawals and KYC, although I didn’t have any KYC to do, nor did I have any issues getting crypto onto or off the platform. The site doesn’t seem to be a regulated one, there was a reference to a Curacao license which has expired, although while the site may have been fiat accepting in the past, at the time of my playtest it was 100% crypto so it’s not unusual for crypto only sites to operate in this grey area.

So overall, I had a pretty good experience with the site, the slots and table games I tried were what I hoped, the live casino was a good quality, and it let me do my sports bets, although I just got everything completely wrong so lost them all! So if you are looking for a crypto casino and sportsbook, 1xBit is an option for you and you can also get 50 free spins on your first deposit when signing up via our link.

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Source: https://bitcoinsinireland.com/a-look-at-1xbit-casino-sportsbook/

Blockchain

Economist: Ethereum and Bitcoin Look “Bullish” After Withstanding “Macro Beating”

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Bitcoin and Ethereum are down from their recent 2021 highs, but compared to their traditional market counterparts, have shown more resilience during the recent “royal macro beating.”

Here’s why one top economist and investor says this is incredibly bullish for the two titan cryptocurrency assets.

Royal Macro Beating Can’t Take Down Bullish Bitcoin And Ethereum

This week, the stock market plunged, and precious metals saw a sharp selloff as the macro environment remains uneasy globally. Yet somehow, amidst a “royal macro beating”, Ethereum and Bitcoin have held up comparably well.

Economist and trader Alex Kruger says the resiliency is “bullish” for Bitcoin and Ethereum. The two top crypto assets have been in an uptrend for a full year now, and the recent macro jitters have been the first major bump in the road since.

Related Reading | “Wonderful” Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum 

Bitcoin exploded from lows around $4,000 to $58,000 per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin at the high, while Ethereum fell to under $100 and has risen to $2,000 since. The more than 10x rise, however, might be nowhere near the finish line, and holding up so well here could be the catalyst that sends the cryptocurrencies higher through the resistance level.

bitcoin and Ethereum macro beating

Ethereum and Bitcoin have held up extremely well compared to the S&P 500 and gold. | ETHUSD on TradingView.com

The Changing Of The Guard To Crypto Is Underway

The stock market is on thin ice, and precious metals cannot be upgraded or updated, and have limited use in the future as a store of value compared to cryptocurrencies.

The digital gold narrative has been working, and the steepness of the gold selloff above shows how effective the narrative has been. Crypto prices holding up so well while gold plummets, could send even more capital flowing out of metals and into the scarce digital asset.

Related Reading | Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

Profit-taking in the currency overheated stock market will want to follow the money, wherever the grass is greener and profits are consistent. If that place is the crypto market, the flood gates of capital could finally be coming that helps to push Bitcoin to prices of hundreds of thousands of dollars per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin, and tens of thousands of dollars per Ether.

The nascent technologies are only now coming into their own as financial assets, and institutional investors have begun to recognize the shift from traditional assets, to digital ones, and the ones who have been early thus far have been the most profitable.

Will Bitcoin and Ethereum continue to hold up this well, or will they ultimately succumb to the continuing macro beating going on across markets right now?

Featured image from Deposit Photos, Charts from TradingView.com

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Source: https://www.newsbtc.com/news/bitcoin/ethereum-bitcoin-macro-beating-gold/

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Blockchain

3 million active users help lift Audius (AUDIO) to a new all-time high

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As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place. 

Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and streaming protocol facilitates transactions between creators and listeners, making it relatively effortless for users to distribute and monetize audio content. 

The project has received increasing attention for its approach to decentralizing the music industry and on March 2 the team celebrated reaching 3 million monthly active users. 

Data from Cointelegraph Markets and TradingView shows that the price of AUDIO surged 108% since the start of March from a low of $0.38 to a new all-time high of $0.79 on March 4 as the altcoin’s trading volume spiked from $3 million to a record $55 million.

AUDIO/USDT 4-hour chart. Source: TradingView

Staking incentives drive user adoption

The first major increase in users followed the project’s October 2020 launch and the activation of staking on the Audius platform in December. This enabled AUDIO holders to earn a 7% yield for tokens that were staked on the network while they listening to music and interacted with the protocol.

By the end of January, the platform had 1.8 million active users and a total of 122 million AUDIO tokens staked on the network. These figures have since increased to 3 million users and a total of 182.5 million staked AUDIO as the platform continues to integrate new features that incentivize community involvement.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for AUDIO on Feb. 28, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. AUDIO price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ score for AUDIO hit a peak of 69 on Feb. 28, just before the start of a prolonged uptrend in price which was further identified by a VORTECS™ score of 80 on March 1. After pulling back over the next 3 days the score again spiked to 70, just hours before a significant rise in the price of AUDIO.

On March 5, the project revealed its plans to integrate non-fungible tokens (NFT) into the protocol as part of its effort to offer a full-service decentralized platform and expand its user base.

NFTs have become a hot topic in the cryptocurrency sector in recent months, and their integration into the AUDIO platform is likely to bring a renewed wave of interaction from users.

As blockchain technology continues to become more prominent in mainstream society, Audius appears well-positioned to become a leader in the streaming music space thanks to a rapidly expanding user base and a growing list of incentives that entice users to stay active on the platform.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Source: https://cointelegraph.com/news/3-million-active-users-help-lift-audius-audio-to-a-new-all-time-high

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Bybit to Cease Services for UK Citizens Following the FCA Ban on Crypto Derivatives Trading

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The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. 

  • Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent press release
  • The statement informed that all UK users have to close all of their opened positions and withdraw all account balances by 8 AM UTC, March 31st, 2021. Following that date, UK citizens will be “restricted from accessing or performing any trading activities on Bybit.” 
  • Furthermore, the exchange will immediately restrict all new registrations using UK mobile numbers and/or IP addresses. 
  • Bybit’s decision is a direct consequence of a ban on crypto derivatives trading in the UK instituted by the country’s regulator – the Financial Conduct Authority (FCA). 
  • CryptoPotato reported last year that the watchdog planned to prohibit the sale, marketing, and distribution to all retail customers of crypto derivatives and exchange-traded notes (ETNs).  
  • At the time, the FCA described such products as “ill-suited for retail customers due to the harm they pose.” It also outlined that traders are unable to determine a reliable value because of the extreme volatility in the market and inadequate understanding. 
  • Interestingly, though, even the UK population couldn’t stop the FCA from implementing the ban as a survey compiled by the watchdog suggested that over 97% disagreed with the decision. 
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Source: https://cryptopotato.com/bybit-to-cease-services-for-uk-citizens-following-the-fca-ban-on-crypto-derivatives-trading/

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