Connect with us

Blockchain

Is Crypto Gambling Worth it?

Republished by Plato

Published

on

gambling

Traditional casino games players bet with real-time money. However, there is presently the introduction of gambling with cryptocurrency. If you want to gamble, don’t be bothered about using real money.

There are numerous benefits to gambling with cryptos like Ethereum, Bitcoin, Litecoin, and other cryptocurrencies. However, gambling with crypto started gaining momentum in 2012 and has grown massively over the years. 

This brings the question if crypto gambling is worth it? Here we go!

Qries

Security and Safety 

Usually, there are numerous issues regarding privacy, regulatory problems, Safety, security, and anonymity in the online gambling industry. Nonetheless, cryptocurrency offers one of the best methods of protecting a player’s data and personal information. 

Many people consider their gambling conducts to be personal; when you lose, you lose, and when you win, you win. Using cryptocurrency to gamble also saves you from having your username or password breached. 

Unsafe accounts are mostly breached through adware, keyloggers, Trojans, and malware. In cryptocurrency gambling, you don’t have to worry about getting your account breached by unauthorized players. This is because there is a technological method in place to prevent stealing related issues. 

Meanwhile, to protect your identity, make sure your crypto wallet details are kept secure and safe. 

Geolocation Limitation 

The geolocation-based limitation is also another problem experienced by gamblers who play with physical money. For example, suppose an online casino is situated in New Jersey and operates on the DGE’s regulations. In that case, players from other jurisdictions are not permitted to play. 

On the other hand, if it’s a cryptocurrency gambling casino, it will most likely avoid the government’s rules restrictions. In simple terms, a cryptocurrency casino accepts and allows anyone to play casino games while using the same cryptocurrency. 

This means that a player in Europe can gamble in North America while using any trusted cryptocurrency. Furthermore, cryptocurrency also allows you to place bets from anywhere in the world, with low fees, at any time, and with fast transaction processing time. 

Anyone can engage in cryptocurrency gambling because it is not subject to government laws. 

Cryptocurrency Bonuses 

With modernization and advancement, it is only natural that gamblers are rewarded for playing casino games with a cryptocurrency. There are numerous cryptocurrency bonuses offered by most casino outlets for players to register and receive. 

Since the number of cryptocurrency gambling sites are increasing, there is always a chance to earn a cryptocurrency bonus. The common bonuses offered to players include free spins, matching deposit bonuses, multi-deposit bonuses, redeposit bonuses, and so much more. 

The only issue with cryptocurrency bonuses is that some have high wagering requirements. 

Final Thoughts 

Cryptocurrency gambling is worth trying out because there are numerous benefits attached to it. Gamblers widely love benefits such as safe and secure playing, no area restrictions, and more. You can visit Gamblefriend.com for more info on crypto gambling. 

Finally, the world is going digital as the days go by, and there is rapidly the need to make cryptocurrency gambling and other operations the order of the day. 

Source: https://nulltx.com/is-crypto-gambling-worth-it/

Blockchain

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

Republished by Plato

Published

on

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.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


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

Continue Reading

Blockchain

XRP, Polkadot, Cosmos Price Analysis: 03 March

Republished by Plato

Published

on

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.


Sign Up For Our Newsletter


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

Continue Reading

Blockchain

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

Republished by Plato

Published

on

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. 


Sign Up For Our Newsletter


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

Continue Reading
Blockchain2 days ago

Why Mark Cuban is looking forward to Ethereum’s use cases

Blockchain3 days ago

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Blockchain5 days ago

This was avoidable – The lost Bitcoin fortunes

Blockchain7 hours ago

Amplifying Her Voice

Blockchain4 days ago

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Blockchain4 days ago

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Blockchain3 days ago

NBA Top Shot leads NFT explosion with $230M in sales

Blockchain3 days ago

How KuCoin Shares (KCS) Can Create a Stream of Passive Income

Blockchain4 days ago

Here are 6 DEX tokens that have seen exponential growth in 2021

Blockchain4 days ago

6 Questions for Kain Warwick of Synthetix

Blockchain3 days ago

Korean Government To Levy Taxes On Bitcoin Capital Gains Starting 2022

Blockchain3 days ago

Litecoin, Monero, Dash Price Analysis: 28 February

Blockchain4 days ago

PARSIQ Integrates Solana Blockchain on its Platform

Blockchain4 days ago

XRP, STEEM, Enjin Price Analysis: 27 February

Blockchain4 days ago

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Blockchain5 days ago

‘Bitcoin could reach $1 million or $1, and may do both of those’

Blockchain3 days ago

Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Blockchain3 days ago

Polkadot, Cosmos, Algorand Price Analysis: 28 February

Blockchain10 hours ago

Libra Coin – A New Digital Currency Developed by FACEBOOK

Blockchain4 days ago

What are the risks of trading cryptocurrencies?

Trending