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Advantages of Betting with Crypto

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Betting with crypto is a great way to enjoy gambling without bothering about security and a bunch of other problems. However, it takes research to understand the pros or advantages of betting with crypto fully. Below are some of the most notable advantages of betting with crypto.

  1. Anonymity

The idea of anonymity is fundamental to Bitcoin as it is to many other cryptocurrencies. This is a significant problem facing many players when depositing money on betting platforms. Many punters have been required to share details on their personal or banking information to try out their hands at sports betting. Bitcoin lets you avoid that.

  1. Fast speed of transaction

Bitcoin offers a virtually flash speed of transactions as opposed to the boring bank transfers. Suppose the winning sum from a good bet took 24 hours to appear in the banking account before. In this case, it takes just a few seconds to an hour when you use cryptocurrencies, depending on the network load.

  1. Little fees

Don’t ignore the gaming taxes that governments charge on sports betting winnings. The low transaction fees and costs by betting with cryptos save you at least some money compared to conventional costs of payments with other methods.

  1. No agent or middle man

Perhaps several casino game players have suffered situations where they could not deposit their funds on their playing accounts simply because their bank had problems with their chosen casino. If you have ever been in that bank-casino situation, you can tell how annoying and inconveniencing it must be. With Blockchain, people who have had this problem wouldn’t have had this payment problem because the transactions are made peer-to-peer. This means that there is so no intermediary anywhere that may forbid a player from doing what he wants with his money.

  1. Profitability

In conclusion, since cryptocurrencies are still a volatile financial instrument that, with the value of sports Betting in Crypto gaining and then keeping it in a digital wallet, can dramatically increase or drop in a short time, this could give a chance for an increase without doing almost anything. You can simply call it a reward for patience.

Playing at an online casino that allows you to bet with bitcoin is a wise choice. However, not every person knows how to find the best casino sites that accept bitcoins. If you are one of the many casino lovers who wish to gamble using bitcoin, then you may want to check this list of top bitcoin sites to help you make a pick. Of course, every punter’s main goal is to make wins or profit from their stakes, and gambling with bitcoin may just give you more than you expect if you get lucky.


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Source: https://bitcoinsinireland.com/advantages-of-betting-with-crypto/

Blockchain

TRON’s First Cross-Chain Prediction Market Comes Through a Partnership with Prosper

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The popular blockchain project TRON will introduce the DLT-agnostic prediction market Prosper to its ecosystem. TRON users and TRX holders will be able to provide liquidity and enhance the success-rate of the prediction market solution.

TRON Teams Up With Prosper

Justin Sun’s TRON announced its latest partnership in a press release shared with CryptoPotato earlier today. It informed that the two blockchain projects have teamed up to address some of the issues related to decentralized prediction markets.

Such tools have been active for a while, but the statement highlighted the lack of sufficient liquidity as a major hurdle on their way to receive mass adoption. This comes mostly because each prediction market “has traditionally been segregated to a single chain,” and not enough users could provide the necessary liquidity to produce accurate predictions.

Prosper works similarly – the higher the liquidity is, meaning more users are involved, the more “predictions are made, leading to a more accurate and robust prediction outcome based on greater collective insight from the crowd.”

Furthermore, Prosper operates a cross-chain platform, which enables it to aggregate liquidity into its platform regardless of the user’s access point.

With the introduction of TRX, one of the largest digital assets by market cap, TRON and Prosper expect a surge in the liquidity to the underlying pool. Additionally, the integration will enable users to receive access to new applications that could impact their investment strategies and potential earnings.

The statement also touched upon a free insurance pool provided by Prosper. It allows the platform to repay any funds stolen from hacks from an emergency fund that is automatically set aside.

This partnership with TRON is an extension of Prosper’s efforts to collaborate with the biggest players of the DeFi world.” – said Iva Wisher, co-founder of Prosper.

TRON Aims at Ethereum

The announcement further explained that TRON is currently “working to create a competing DeFi ecosystem that rivals its counterparts while allowing for inexpensive transactions, creating a win-win situation for platform users.”

The PR outlined Ethereum’s major role in the space but touched upon its scaling issues, which have caused significant transaction delays and high gas costs.

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Source: https://cryptopotato.com/trons-first-cross-chain-prediction-market-comes-through-a-partnership-with-prosper/

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Blockchain

XRP, Polkadot, Cosmos Price Analysis: 03 March

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At the time of writing, bullish movements were underway across the crypto-market, with the same precipitated by Bitcoin’s foray above the $50,000-mark. Thanks to BTC’s movement and owing to the correlation shared by the market’s alts with the world’s largest cryptocurrency, the likes of Polkadot, XRP, and Cosmos were all rallying. At press time, however, their daily charts were yet to register more than a minor uptick in price trend.

XRP

Source: XRP/USD on TradingView

Once one of the mainstays of the market top-five, XRP, at the time of writing, was ranked 7th on CoinMarketCap’s charts. Thanks to its own topsy-turvy price performance over the last few months and the performances of altcoins such as Polkadot and Cardano, the crypto is no longer among the market’s top-five.

Like the rest of the market, XRP too bore the brunt of corrections after Bitcoin dropped below $50,000. In fact, the altcoin fell by over 25% in a 5-day period.

Over the last three days, however, the cryptocurrency seemed to be gaining some bullish momentum. In fact, on the hourly charts, XRP’s hike was observed to be even more significant. However, at the time of writing, it was still difficult to predict whether the crypto would be able to sustain its movement north.

On the contrary, XRP’s indicators continued to flash bearish signals as while the Parabolic SAR’s dotted markers were well above the price candles, the Awesome Oscillator was still noting negative market momentum.

With the legal status of XRP still up for debate in the United States, it is difficult to ascertain what the future has in store for the altcoin.

Polkadot [DOT]

Source: DOT/USD on TradingView

One of the cryptos to have replaced XRP on the rankings, the last few weeks and months have been great for Polkadot, with the altcoin registering its ATH just a few weeks back. However, like most alts, it too dropped dramatically on the charts after BTC’s depreciation, with the crypto falling by 17%.

Curiously, since then, DOT has been on an impressive uptrend, with the alt up by over 22% in the last 7 days. With the rest of the market pumping at press time, it seemed likely that these gains would be pushed even higher.

While the width of the Bollinger Bands suggested some degree of near-term price volatility, the Relative Strength Index was nearing the overbought zone. Here, it’s worth noting that XRP’s price has corrected itself the last two times the RSI has climbed into the said zone.

The project made headlines recently after a Polkadot-based platform raised $1.6M in funding from venture capitalists.

Cosmos [ATOM]

Source: ATOM/USD on TradingView

ATOM’s price movements shared more similarities with the likes of XRP, than Polkadot, with the altcoin also gaining on the charts only recently. In the last 7 days alone, ATOM has climbed by 12%. However, the said hike did come on the back of a 16% depreciation. While the altcoin’s market was trending upwards at the time of writing, it is worth noting that ATOM’s indicators on the daily timeframe were yet to underline any bullishness.

While the MACD line was under the Signal line, despite the bearish momentum falling on the histogram, the Chaikin Money Flow was heading south. If these indicators reverse course in the near-term, a trend reversal can be expected soon.


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Source: https://ambcrypto.com/xrp-polkadot-cosmos-price-analysis-03-march

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Bitfinex launches Bitfinex Pay for merchants to accept payments in ETH, BTC

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Crypto exchange Bitfinex launched a payment widget dubbed Bitfinex Pay that will aim to provide online merchants with a means of receiving “seamless” digital token payments.

Merchants can integrate the payment technology onto a website facilitating e-payments. Users will have the option to pay with various cryptocurrencies which include Ethereum (ETH), Bitcoin (BTC), Lightning Network BTC (LN-BTC) and Tether (USDt) via Ethereum or Tron. 

Payments made via Bitfinex Pay will be directly deposited into a merchant’s exchange wallet on Bitfinex. The value of payments is capped at $1,000. 

Furthermore, customers will not have to pay any processing fees for using Bitfinex Pay. However, transaction fees incurred on the relevant blockchain will be borne by online merchants and their customers.

In a release shared with AMBCrypto CTO at Bitfinex Paolo Ardoino said: 

Bitfinex Pay enables merchants to be easily equipped to support crypto payments as increasing numbers of consumers become more comfortable with paying for goods and services using digital tokens.

“Eligible” merchants who choose to integrate the widget on their websites will first need to register and verify their Bitfinex account to at least the intermediate level and apply for merchant verification. Merchants can create a sub-account on verification. 


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Source: https://ambcrypto.com/bitfinex-launches-bitfinex-pay-for-merchants-to-accept-payments-in-eth-btc

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