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Blockchain, Crypto Bring Transparency to Sportsbook, Casino Gaming

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In the midst of the current cryptocurrency craze, it’s hard to remember a time when Bitcoin wasn’t a known name.

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Yet, in all actuality, when Bitcoin was created in 2009, on the heels of an economic recession, it wasn’t, and how were its investors ever meant to predict the phenomena it would create?

Certainly, Laszlo Hanyecz didn’t, when in 2010 he used his 10,000 bitcoins (BTC), which then roughly equated to $41, to purchase a Papa John’s pizza.

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Now, it may be easy, with hindsight, to disbelieve why Hanyecz would ever give up such a vast virtual asset, but the truth in the matter is, no one then could have foreseen the momentous future cryptocurrency had in store.

However, what Hanyecz’s story does offer, is the lesson that we never know when the next cryptocurrency boom is going to happen, but now, in the wake of a new recession, a new coin rises to the ranks that have started to gain cryptocurrency curious investors’ attention – that coin is Crypto Stake. 

Crypto Stake is a unique development geared towards the future of sportsbook betting and casino games: creating a lucrative opportunity for investors to get involved in a globally accessible, decentralized gambling platform.

Unlike the new cryptocurrencies predecessors, Crypto Stake has emerged to the market with an unrestricted ecosystem, granting Crypto Stake Token (CST) holders the ability to access limitless, worldwide events and games by way of blockchain technology incorporated into the system.

These events and games are including but are not restricted to horse racing, football, boxing, basketball, roulette, blackjack, and baccarat.

Despite the obvious hard work, Crypto Stake has put into offering an advantageous CST holder experience, they have clearly not compromised on the importance of the token’s security and holder transparency.

They assure all casino-style games using Random Number Generation (RNG) will be done using blockchain technology. 

CST entered the market designed with the specific intention to maximize its holder’s potential personal profit. It does this by offering increased betting odds, CST transactions to keep demand high to maintain good exchange prices.

This also involves evolved AI that expeditiously processes any winnings and an exchange platform that offers a streamlined method to easily transfer any funds to any wallet at any time.

The only way to get involved and receive these perks will be through owning CST, which can easily be done through the ecosystems exchange, where CST can be bought with fiat currencies or any of the cryptocurrencies currently in the top 100 Coin Market Cap list.

Crypto Stake is focused on constantly evolving, with a goal to create a brand-new era of online gambling. In their mission to do so, they promise, not only to always endeavor into consistent expansion and technological advancement but also to get its members involved on their way up; awarding any members who refer active users with CST, through its referral program.

Not only that but as a gift from Crypto Stake to celebrate CST members, airdrops are given to all of its investors based on 3% of their investment value. 

Lastly, all CST are available to purchase on the Crypto-Stake.org website, using USDT sent on either TRC-20. ERC-20 and BEP-20 blockchain networks. On September 20, 2021, Cryptocurrency Stake begins issuing their ICO, which will be divided into 10 rounds – each increasing in price by $0.05.

Now, you can collect as many CST as you want now until the pre-sale is fulfilled, but remember, only two million tokens are available each round.

So, once the investing is finished, the trading begins – don’t let it be you that misses out on the next big cryptocurrency boom and becomes part of Crypto Stake’s journey to the moon.

About cryptocurrency stake token

Crypto Stake Token is an essential part of the future sportsbook and casino games ecosystem. CST is used as the exclusive digital currency on the platform for increased betting odds, both for sports bets and casino games. Players worldwide can profit when using Crypto Stake Token to place their bets.

For more information about the only way to place bets and receive enhanced betting odds, visit the website.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/blockchain-crypto-tech-transparency-sportsbook-casino-gaming/

Blockchain

DraftKings Doubles Down, Partners With Polygon

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Yes, it was just a few short months ago that DraftKings launched the ‘DraftKings Marketplace‘ in partnership with Autograph.io. In that short time, we’ve seen the sports gambling powerhouse churn out some successful NFT releases with the likes of Tiger Woods, Simone Biles, Tom Brady, and more.

Now, DraftKings is doubling down on crypto, this time pairing up with Polygon for some versatility and support in secondary-market transactions.

DraftKings & Polygon: A Prime Pair

Scalability and sustainability are two traits that Paul Liberman, co-founder and president of global product and technology at DraftKings, cited as “critical challenges of blockchain technology” that Polygon was able to address to meet DraftKings’ needs. According to the press release, the company will also have an option to potentially contribute to Polygon’s governance protocol and keep the network secure as a validator node with its own stake pool.

Polygon will hone in on custom NFT drops and secondary-market transactions.

The marketplace is available for millions of DraftKings’ users, and the platform is currently working towards transferability of NFTs to decentralized wallets via Ethereum mainnet. Meanwhile, Polygon has continued to show investment in NFTs, gaming, and corresponding areas. Existing partners for Polygon include the likes of Atari, ZED RUN, Decentraland, The Sandbox, and more.

“Although DraftKings Marketplace is still in it’s nascency, we are bullish on the possibilities that blockchain, NFTs, cryptocurrency and more will present as we prepare for Web 3.0 alongside Polygon and the new innovations ahead for digital collectibles,” added Liberman. A refreshing take from brand executives that shows the immense potential ahead for crypto in online gaming and gambling.

Polygon continues to solidify partners to build further investment in gaming and NFTs. | Source: $MATIC on TradingView.com

Related Reading | Crypto Scammers Take Over Dating Apps Users’ iPhones

Gaming, Gambling & Crypto

The emergence of young industries stateside, such as sports gambling and cannabis, are prime contenders for crypto integration – and this move for DraftKings is a prime example. They are also industries that are on the rise throughout the US in particular.

Reports emerged this week that New Jersey was the first state to hit a $1B month of bets last month. The first online sports betting entrant in the state was none other than DraftKings, who partnered with Resorts Digital; that partnership yielded nearly $42M last month, leading the online-only handle in the state.

All that to say that DraftKings is one of the largest players in the game, publicly traded with a valuation north of $20B.

Many platforms are targeting the crossover of gambling, gaming and crypto. Polymarket, for example, describes itself as an “information markets platform” that runs on Ethereum, where users can place bets on sports and current events.

Related Reading | Who Funds Bitcoin Core Developers? Here Are The Facts

Featured image from Pexels, Charts from TradingView.com

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Source: https://bitcoinist.com/draftkings-doubles-down-partners-with-polygon/?utm_source=rss&utm_medium=rss&utm_campaign=draftkings-doubles-down-partners-with-polygon

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Blockchain

Anthony Scaramucci Sees Bright Future as First US Bitcoin Futures ETF Makes NYSE Debut Following Positive Nod from S.E.C.

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In Tuesday morning trading, the ProShares Bitcoin Strategy ETF (NYSE: BITO) made its debut, marking a monumental occasion in the developing story of cryptocurrency regulation. The fund, which tracks CME bitcoin futures, or contracts speculating on the future prices of bitcoin, rose by roughly 3% early in the session and continues to hold those gains at time of publishing.

The crypto sector as a whole has pursued a bitcoin-focused ETF for years now, with asset managers submitting proposals for spot bitcoin ETFs as early as 2017. To date, however, the U.S. Securities and Exchange Commission had consistently rejected these proposals, maintaining the stance that none of the applications were able to prove market resistance to manipulation.

While the ProShares Bitcoin Strategy ETF falls short of the spot bitcoin ETF that many in the industry hope is on the horizon, experts agree that Tuesday’s opening stands as a turning point in the regulatory approach of the SEC.

“Remember, there’s a difference between the cash ETF, obviously, and the ETF that everybody’s talking about right now. I have a preference for the cash ETF, but I love the fact that the SEC is allowing for the futures ETF,” Anthony Scaramucci, founder and managing partner of SkyBridge Capital, told CryptoCurrencyWire in an exclusive. “It’s just a sign that they’ve decided that they know the blockchain is going to be a very big component of the future of the financial services industry. I take this as a monumental decision…to allow the United States to stay the leader in financial services globally. I think it’s a very positive sign.”

To stay up to date on the latest cryptocurrency news, signup for the CryptoCurrencyWire newsletter at www.CryptoCurrencyWire.com and for more on SkyBridge Capital & First Trust Skybridge Bitcoin Fund L.P. visit www.SkyBridgeBitcoin.com.

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Blockchain

Traders Start Longing Cardano ($ADA) Over Other Altcoins, Here’s Why

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Cardano ($ADA), the fourth-largest cryptocurrency by market cap seems to have lost market momentum post its Alonzo upgrade in September. The smart contract integration was seen as a key catalyst to its price as $ADA rose to a new all-time high of $3.10 in the run-up to the upgrade. Even though the upgrade made Cardano a Defi and NFT hub, its price hasn’t made much progress since then.

$ADA is currently trading at $2.13 with a 1% loss over the last 24-hours, the altcoin price has fluctuated in the range of $2.10-$2.70 since September. At present Bitcoin is leading the market rally with eyes set of new ATH, while altcoins seem to be in a consolidation phase.  Historically, the real altcoin bull run begins when the $BTC market tops as seen in April-May when the majority of the altcoins hit new ATH.

Cardano
Source: TradingView

The market sentiment towards altcoins looks stable at present, but recent data from Santiment indicate an unusual rise in interest of traders for $ADA, something that was seen during the Alonzo hardfork.

Can Cardano Make a Turn-Around?

Cardano’s social media mentions went through the roof during the Alonzo upgrade, but the hype died down with the successful completion of the upgrade. Many critics believe the September high was the top for the altcoin, however, new data shows traders on Binance is longing $ADA more than other altcoins showing a bullish sentiment in the making.

Cardano
Source: Santiment

The sharp rise in long position is often followed by a bullish price rally for the altcoin and if the trader’s interest continues to mount, it could build a bullish momentum strong enough to help it record new ATHs.

The altcoin had quite a phenomenal year until now having broken into top-3 crypto rankings and currently sitting at third. $ADA with its new decentralized ecosystem is expected to become the go-to option for Defi and NFTs due to the scalability and security that Cardano offers.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/traders-start-longing-cardano-ada-over-other-altcoins-heres-why/

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