Check out our full Crypto Casino List for other betting providers.
It is illegal to gamble under the age of 18 –
Promoted post – Part of our Bitcoin Gambling series
In this article, we’ll have a look at a recently launched Crypto Casino called Fairspin, which is offering both fiat and crypto deposits and a range of games. Registration with the platform is straightforward, although I do note that they require both an email address and a phone number when registering.
The casino uses their own token called TPlay, so any of your deposits will be converted into that, and it’s clearly outlined at the time when you’re on the deposit screen what these are. When you sign up, it offers you a 120% bonus, as well as 30 free spins with one of the slots. There are options to pay with fiat (visa/mastercard), or cryptocurrencies with Bitcoin, Ethereum, Dash, Litecoin, zCash and Tether available. The bitcoin blockchain was pretty congested at the time of writing, so I made a deposit using ethereum. Once the transaction confirmed a couple of minutes later, I got an alert by email telling me the funds were on my account, as well as the bonus funds. These bonus funds have a 25x wagering requirement to withdraw. The casino also features a cashback, offering 5% for the first couple of days, which then drops to 2% and then 1% after about a month. This gives funds back to your main balance, not your bonus balance.
The casino has a dark colour scheme, with a range of games from betting providers including Spinomenal, Microgaming, Betsoft, QucikSpin, Pragmatic Play, Playson, PGSoft, Booongo & Pragmatic Play Live.
The casino game section features a pretty solid range of tournament slots, slots, roulette, card games, video poker and then a range of live games. There was the option of a lottery, however it was blank at the time of writing.
I started off by having a look through the live casino. here it gave me three types of games, roulette, baccarat and my personal favourite blackjack. Some of them also had localised versions, with German, Russian, Macau & Turkish rooms available for Roulette.
The table I was at had a polite croupier, very high quality video and good audio, with a full table. The bets default to 10 dollars which was the minimum for the rooms available, which did catch me out on my first bet, and bonus funds aren’t eligible for play in the live casino. The betting sizes are 1, 5, 10, 20, 100 & 500 dollar bets. I played a couple of hands and unfortunately lost, so decided to move out of the live casino and give the slots a shot.
All the slots have a demo version, so you can give them a bit of a spin before committing real money. I tried a couple, crystal land is a variation more akin to a match 3 game where you spin and if the colours match, they get destroyed and you win. It also had frozen sections on the side so if you get them, it drops more and you can get combinations. There was quite a variety of games, with single line, some video-game style slots, and then a number of multi-line games. All of the games have sound, with some also featuring music, which is easy to switch on or off, and a full screen option if you want to play without distractions.
I then went into have a look at some of the roulette games. Now here I did notice some were using flash, and as I was using Brave browser (which has flash disabled) so I didn’t have the full range of games available to me. I played a couple of rounds on European roulette, and thankfully broke even or won on the games I played. So I decided then to move onto classic blackjack and played a couple of hands. I lost most of what I played, not having much luck on the night unfortunately.
Moving on from there, I remembered that I had gotten 30 free spins with my deposit, so when I went into my balance screen, it told me the game was 4 Horsemen. This autostarted, and I won a lot of the rounds, and there was bonus multiplyers on some spins, as well as additional free spins so I actually got about 42 free spins in the end instead of 30. I had no control over it though, as the spins happened automatically and at the end the bonus funds were added to my account.
So now I wanted to see how getting funds off the platform was like. I had several bonuses, one from my first deposit bonus, and the second from my free spins. You can’t withdraw without cancelling your bonus funds. Now normally I’d use them first, but as I do want to test getting funds out, I cancelled both the bonuses I had received from my first deposit and the free spins.
I chose to withdraw by ethereum, and for this it told me that the minimum withdrawal was 10 TPlay (equivalent to 0.01 ethereum) which is pretty low, so I went ahead and put in my wallet address. Once concluding the withdrawal, it said it would be processed in about 15 minutes. I did the deposit at 9:15pm and they were confirmed in my wallet by 9:53pm, so there wasn’t a major delay on this, and I was pleased with how smooth the process was. I didn’t have any KYC to do though when withdrawing, although the T&C’s say this may happen with larger withdrawals.
So all in all, summing up my experience of Fairspin casino; the casino is new so it has a solid selection of games, although maybe not the biggest range compared to more established crypto casinos, but more than enough for me to have a good session playing a range of games. Other than the few games that didn’t work because of Flash, all the games were bright, had nice graphics, pleasant audio and it was great to be able to do the demo mode on the casino games and figure out if I liked a game before betting real funds. The live casino does have a higher minimum bet than others I’ve tried, which might put some people off, but they had high quality streams and every table I played on was full with plenty of other players. Getting funds off the Fairspin casino was simple, the conversion between fiat/crypto and TPlay is clear, and getting funds off the platform was a smooth, fast experience and faster than lots of other casino’s I’ve tried.
SingularityNET Partners With Ocean Protocol Prior to the AI-Based DeFi Fund Launch
[Press Release – Amsterdam, Netherlands, 18th May 2021]
The collaboration will see the OCEAN token’s inclusion in SingularityDAO’s index fund/investment portfolio. Moreover, SingularityDAO is designed to leverage AI at multiple levels: AI manages dynamic token-sets, executes predictive market-making strategies to provide liquidity for these token-sets on DEXs, and predictively models hedging strategies.
All this AI requires a lot of data to learn and improve, which is why SingularityDAO is a natural user of Ocean data sets – data sets published via Ocean Market (and other Ocean-based markets) into the Ocean ecosystem. The Ocean ecosystem is host to many diverse and varied trading and DeFi data sets. These make excellent candidates for consumption by SingularityDAO’s AI agents to enhance its financial modeling.
I’m really excited by the opportunity to work together with Ocean Protocol, one of the most respectable projects in crypto that has been constantly delivering community-driven, decentralized data solutions. SingularityDAO will constantly make use of data to train our ML and I can’t think of a better partner than Ocean Protocol. – Marcello Mari, CEO at SingularityDAO
The news follows the successful completion of a total of $5.2 million raised in three different rounds for the highly anticipated Governance Generation Event on MANTRADAO, which reached its hard cap within less than 2½ hours.
The protocol, described as ‘DeFi meets decentralized AI,’ held the event exclusively for SingularityNET $AGI holders and attracted 5,800 registrations in one week. The token sale raised $1.6 million (8,000,000 SDAO).
The successful Governance Generation Event follows a recent private sale wherein SingularityDAO raised $2.7 million of funding from a number of top-tier investors such as AlphaBit, Marshland Capita, GBV, and SMO Capital. SingulariyDAO’s governance token has been generated on May 13th and distributed on the same day. It is currently trading on Uniswap.
SingularityDAO is a decentralized platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.
About Ocean Protocol
Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
Bought the Dip? MicroStrategy Purchased $10M in Bitcoin at $43.6K
Michael Saylor’s NASDAQ-listed company continues with its initiative to purchase sizeable amounts of bitcoins at frequent intervals. The firm said earlier today it had allocated another $10 million in cash in BTC, and its total stash is over 92,000 coins.
- The founder and CEO of the business intelligence giant announced the latest purchase on Twitter earlier on May 12th.
- It reads that the firm has bought 229 bitcoins for $10 million in cash at an average price of $43,663 per coin.
MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTRhttps://t.co/fU6LN4WbKI
— Michael Saylor (@michael_saylor) May 18, 2021
- Keeping in mind the multiple purchases made since August 2020, the firm holds 92,079 bitcoins. MicroStrategy has paid $2.251 billion for its stash, with an average price of $24,450 per token.
- Although this is far from being the largest single acquisition, as the company once bought more than $1 billion worth of BTC, this one actually comes in a compelling moment.
- In fact, buying 10 million coins at an average price of $43,663 means that MicroStrategy has taken advantage of a popular narrative in the crypto community – buy the dip.
- The price of the primary cryptocurrency has suffered severely in the past week or so after Elon Musk announced that Tesla has stopped receiving BTC payments for its electric vehicles.
- In a matter of days, bitcoin fell from over $58,000 to a three-month low of $42,000.
- Although losing $16,000 of value in less than a week could be considered a major blow, and some investors disposed of their coins even at a loss, MicroStrategy has reaffirmed its promise to continue buying bitcoin as part of its reserve treasury strategy.
JPMorgan’s Securities Services to Offer TradingHub’s Analytics Solutions
The Bank is planning to offer trading analytics solutions to its buy-side clients.
TradingHub, a trade analytics services provider to the global financial markets industry, today announced that JPMorgan, one of the leading investment banks worldwide, will offer TradingHub’s trading analytics solutions to its institutional clients.
According to the official announcement, JPMorgan’s new offering will include TradingHub’s Transaction Efficiency and Accuracy Monitor (TEAM) solution. TradingHub is currently providing trade analytics services to several investment banks and investment management firms worldwide.
TEAM is a new tool by TradingHub that enables financial services companies around the world to evaluate execution costs at the order, trade, instrument, or asset class-level, and compare against peers on an anonymized basis.
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Commenting on the latest announcement, Neil Walker, Chief Executive and Founder of TradingHub, said: “We are delighted JPMorgan has identified TEAM as a highly novel and valuable product and is giving its clients access to our market-leading trade execution analytics service. This important relationship with JPMorgan will give more asset managers access to our services in a seamless and efficient manner via its open platform.”
JPMorgan has accelerated its global partnerships since the start of 2021. The US-based financial services provider recently partnered with Singapore’s DBS Bank and Temasek to develop a new blockchain-based platform for cross-border payments.
TradingHub mentioned in the latest announcement that the main focus of TEAM is to facilitate buy-side firms in the identification of financial brokers providing the best execution. TEAM also provides greater transparency to sell-side institutions. “Providing clients with access to unique services which help them manage transparency across the trade lifecycle is more important than ever. We’re excited to be working with TradingHub and offer TEAM as part of our growing platform,” Richard Crozier, Head of Product for Data and Analytics at JPMorgan Securities Services mentioned in the official announcement.
JPMorgan is planning to facilitate buy-side clients by providing integrated solutions through an open platform. In the last quarter, JPMorgan posted strong growth in revenues and profit.
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