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BIG2.WIN Makes Waves on Peer-to-Peer Crypto Gaming Market via Entertaining Game

BIG2.WIN Makes Waves on Peer-to-Peer Crypto Gaming Market via Entertaining Game

Over the last few years, the peer-to-peer online gaming market has grown considerably, with players worldwide choosing to play against one another, rather than against the house. To capture a part of this rising demand, BIG2.WIN has launched a P2P version of the popular Big 2 game, well known in China as 大老二 and 鋤大弟. […]

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BIG2.WIN Makes Waves on Peer-to-Peer Crypto Gaming Market via Entertaining Game

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Over the last few years, the peer-to-peer online gaming market has grown considerably, with players worldwide choosing to play against one another, rather than against the house. To capture a part of this rising demand, BIG2.WIN has launched a P2P version of the popular Big 2 game, well known in China as 大老二 and 鋤大弟.

An Introduction to Big 2

Big 2 is well-known as an incredibly entertaining game, especially when played amongst friends. On BIG2.WIN, the game works by having four people sit around a virtual table. 13 cards are then dealt with each player, who all hold the objective of being the first to get rid of their cards. The game progresses using a set of rules. To keep things simple, users who play Big 2 must always use the same number of cards as the previous player, but with a higher face value. Those who are unlucky to fit the criteria to play their hands will pass on the round. A couple of more rules apply to Big 2 games, thereby creating a thrilling experience. More details regarding the rules and viable gameplay strategies can be found here

Overviewing BIG2.WIN’s Gameplay Interface

BIG2.WIN provides users with a seamless gaming interface that aims to reduce gameplay friction. With this in mind, no downloads are required, given that Big 2 is an HTML5-based game that’s played within the desktop and mobile browsers. Thus, compatibility with iOS, Android, Windows, and Mac is assured. 

The platform comes along with a simple, minimalist, and yet beautifully-designed gameplay interface. Unlike other online casinos, BIG2.WIN believes in allowing players the chance to demo play games prior to making a monetary commitment. As such, gameplay against a computer is permitted prior to signing up, to better understand the game. After creating an account, users can play Big 2 multiplayer free of charge for skill practicing purposes. 

As a P2P platform, BIG2.WIN provides a lucrative means of earning bitcoin when wagering against other players. The platform has opted to include 5 different staking levels, meaning that players can easily adjust the wager value depending on their risk appetite. Bitcoin deposits and withdrawals are rapidly processed, without incurring unnecessary transaction fees. 

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Fairness guarantees are quintessential to ensuring a positive gaming experience. As such, BIG2.WIN has invested considerable resources into creating a random number generator (RNG) that’s cryptographically secure. Furthermore, the RNG has also been certified by iTech Labs, a top-ranking fairness audit company that complies with the standards set forth by the United Kingdom Gambling Commission (UKGC). 

As expected, BIG2.WIN also has a generous welcome bonus. Players can easily qualify to receive a 100% matched deposit bonus, up to 50 mBTC. This offer is applicable to all deposits during a user’s first 90 days on the platform. High wagers and loyal users can also access the VIP club, which boasts exclusive prizes, invitations to private events, and an all-around VIP experience. Marketers worldwide can join the affiliate program, offering a 10% revenue share to those that drive more players towards BIG2.WIN. 

Wrapping It Up

Thanks to BIG2.WIN’s next-gen interface, Big 2 enthusiasts worldwide can finally enjoy their Big 2 online game within a fair, profitable, secure, and entertaining gaming platform.  


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/big2-win-makes-waves-on-peer-to-peer-crypto-gaming-market-via-entertaining-game/

Blockchain

Cryptocurrency makes World Economic Forum’s Davos Agenda

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The World Economic Forum’s upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness. 

The sessions, titled Resetting Digital Currencies, will be held on Monday and Thursday. The first session will feature five public speakers, including Bank of England Governor Andrew Bailey and Hikmet Ersek, president and CEO of Western Union.

Thursday’s group features four speakers, including Tharman Shanmugaratnam, a senior minister for the government of Singapore, and Zhu Min, chairman of the Beijing-based National Institute of Financial Research.

“COVID-19 has accelerated the long-term shift from cash,” reads the prospectus for both sessions. “Meanwhile, central bank digital currencies are emerging, potentially transforming how people use money worldwide.”

It continues:

“What policies, practices and partnerships are needed to leverage the opportunities posed by the rise of digital currencies?”

Davos Agenda is a five-day summit featuring some of the world’s leading figures in finance and government. The cryptocurrency series falls under the summit’s “Fairer Economies” theme. Other themes include “Tech for Good,” “How to Save the Planet” and “Healthy Futures.”

The World Economic Forum is devoting more resources to understanding blockchain technology and cryptocurrency. The Geneva-based organization has even created a cryptocurrency working group, which only last month published its inaugural review focusing on the various use cases for digital assets “beyond price and speculation.”

The Forum’s research has cited blockchain technology as a key driver of “sustainable digital finance.” Blockchain and smart contract capability, the Forum’s researchers argue, can unlock “hidden values of legacy digital systems.”

Central bank digital currencies, or CBDCs, are one area of research the Forum has delved into over the past 18 months. In Jan 2020, the Forum announced it had developed a framework to help banks “evaluate, design and potentially deploy CBDC.” The framework was developed in conjunction with over 40 central banks, financial institutions and academic researchers.

Source: https://cointelegraph.com/news/cryptocurrency-makes-world-economic-forum-s-davos-agenda

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Key metrics show this week’s $4B Bitcoin options expiry favors bulls

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Over the past two weeks, Bitcoin price appears to have lost momentum and some analysts are suggesting that bears will be in control for the foreseeable future.

Taking a look at derivatives market data provides a clearer picture of what is happening on the institutional side and how the moves of larger players may impact the spot markets.

After peaking at $10.6 billion on Jan. 14, the open interest on Bitcoin (BTC) scaled back to $8.4 billion. The Jan. 29 monthly expiry continues to stand apart, totaling 47% of the options in play.

Although a $4 billion expiry could be significant, one must consider that these options are split among calls (neutral-to-bullish) and the more bearish put options. Furthermore, having an opportunity to buy BTC for $52,000 on Jan. 29 might have made sense a couple of weeks ago, but not so much right now.

BTC options aggregate open interest. Source: Bybt.com

As the data above depicts, Deribit exchange remains the absolute leader with an 83% market share. Nevertheless, to understand how eventful this expiry could be, one must adjust data and compare both calls and put options near the current $32,000 BTC level.

It’s too early to panic

Most exchanges offer monthly expiries and some also hold weekly options for short-term contracts. Dec. 25, 2020, had the largest expiry on record as $2.4 billion worth of option contracts expired. This figure represented 31% of all open interest and showed how options are usually spread throughout the year.

Aggregate BTC options open interest by expiry. Source: bybt.com

Data from Bybt.com shows that Jan. 29 expiry calendar accounts for 107,000 BTC. This expiry date represents 45% of the aggregate options market open interest.

It is worth noting that not every option will trade at expiry as some of those strikes now sound unreasonable, especially considering there are less than five days left.

BTC Jan. 29 aggregate options open interest by strike. Source: bybt.com

As Bitcoin marked its new $42,000 all-time high, some ultra bullish call options were traded but as BTC price adjusted, those short-term options became worthless.

Currently, over 68% of Jan. 29 call options at $40,000 and above should be disregarded for calculation. The same can be said for the bearish put options at $25,000 and below. These represent 76% of the open interest.

This data leaves an estimated $745 million worth of call options below $40,000 for the aggregate options expiry on Jan. 29. Meanwhile, the more bearish put options above $25,000 amount to $300 million. Therefore, the adjusted Jan. 29 open interest stands at $1.05 billion while holding a 0.40 put-to-call ratio.

Skew shows market makers are unwilling to take upside risk

Analyzing open interest provides data from trades that have already passed, whereas the skew indicator monitors options in real-time. This gauge is even more relevant as BTC was trading below $23,500 just thirty days ago. Therefore, the open interest near that level does not indicate bearishness.

When analyzing options, the 30% to 20% delta skew is the single most relevant gauge. This indicator compares call (buy) and put (sell) options side-by-side.

A 10% delta skew indicates that call options are trading at a slight premium to the more bearish/neutral put options. On the other hand, a negative skew translates to a higher cost of downside protection and is a signal that traders are bearish.

Deribit Bitcoin options 30-20% delta skew. Source: genesisvolatility.io

According to the data shown above, the last time some bearish sentiment emerged was Jan. 10, when the Bitcoin price crashed by 15%. This move was followed by an extreme 30% to 20% delta skew as optimism reached 49, a level unseen over the previous past 12 months.

Whenever this indicator passes 20, it reflects fear of potential price upside from market makers and professionals, and is considered bullish. On the other hand, the current 0 to 10 range that held since Jan. 20 is deemed neutral.

While a $4 billion options expiry might be worrisome, nearly 74% of the options are already deemed worthless. Regarding the Jan. 29 expiry, bulls remain mainly in control due to its much larger adjusted open interest.

Bears are reasonably comfortable at $32,000

Jan. 29 BTC aggregate options open interest per strike. Source: Bybt.com

Despite bulls having an overall advantage, the more bearish put options dominate expiries between $33,000 and $35,000. Nevertheless, this 1,200 BTC contract advantage is more than offset by the 1,950 BTC contract imbalance favoring the call options from $28,000 to $32,000.

To conclude, as things currently stand, bulls seem in total control of Friday’s expiry, although incentives between $28,000 to $35,000 are reasonably balanced. Overall there’s not much to gain from either side to create additional volatility ahead of Jan. 29.

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

Source: https://cointelegraph.com/news/key-metrics-show-this-week-s-4b-bitcoin-options-expiry-favors-bulls

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Network rivalry builds up as Ethereum users run to Tron for lower fee charges

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Network rivalry builds up as Ethereum users run to Tron for lower fee charges

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Tether users on the Ethereum network have taken to their heels as Ethereum’s network fees hit rooftop levels yet again. According to new data, Tether-based transactions on the Tron network are starting to unseat that of Ethereum’s on a daily basis.

Tether, the most popular stablecoin, and third most valued cryptocurrency by market cap has been processing the larger number of its transactions on Tron, however, only a year ago, Ethereum was the happening blockchain for Tether users.

According to the Blockchain data provider CoinMetrics, the source of this data, Ethereum holding 50% more Tether than its “rival” Tron, has not stopped the latter from processing more transactions on a daily basis since the start of the year. 

Tether, the largest provider of dollar-pegged stablecoin has benefited from a 4x increase in circulating supply over the last year, bringing the total circulating supply within its network to $25 billion. This ever-increasing growth is valuable for any network for both Tron, Ethereum, and Solana, all of which Tether trading is being carried out. However, exorbitant fee charges may force users to pick the better alternative, which Tron is currently presenting itself to be. This pattern further goes to show that affordable network charges play a huge role in Blockchain adoption.

Ethereum’s exorbitant fee charges have been a topic of discussion for the longest time. The sky-high transaction cost has heightened the rivalry between both Blockchains over the years. Both Ethereum and Tron have achieved great success over the years. On multiple occasions, one has outperformed the other, even the CEO’s of both networks have had an occasional exchange on Twitter, yet the fight for user adoption has only just begun, as the future of both networks remain equally promising. Last year, the Tron network revealed plans to dive into the world of Decentralized Finance, an industry that Ethereum has long been dominating.

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In 2020 alone, the Ethereum network benefited from a 300% upsurge in transactions. With Tron’s flexible fee charges, it is no doubt a top competitor in the DeFi market. But Ethereum isn’t lacking behind. The network upgrade which has the potential to contain network congestion and create a more affordable fee structure is already in motion. Whichever efficiently draws in the larger pool of users in the future remains to be seen.


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/network-rivalry-builds-up-as-ethereum-users-run-to-tron-for-lower-fee-charges/

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