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Nitrogen Sports Review

The post Nitrogen Sports Review appeared first on Bitcoin Millionaire.

Republished by Plato

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Overview

Sports betting has been one of the fastest growing niche markets in the gambling industry, especially with the advent of e-games that sportsbooks have been only too eager to add to their repertoire. Based out of Costa Rica, Nitrogen Sports was one of the earliest to emerge on the scene, making their presence known in 2012. Since then, it has grown to be an industry leader, prioritizing secure and anonymous bets operating only with Bitcoin.

Their restrictions-free access has allowed the site to grow from a keen focus on Europe to a burgeoning fan base in Asia, especially due to the popularity of e-gaming in that region. With five years of experience under their belt, Nitrogen Sports has become a respected and key part of the online Bitcoin sports betting community.

Nitrogen Sports Screenshot

Gameplay

While the majority of the sporting action at Nitrogen Sports lies in the Western Hemisphere (Europe and the Americas), there is no lack of markets to choose from if you like betting on Asian soccer leagues, cricket, rugby, golf and even table tennis. There wasn’t any major sport that we couldn’t find listed, although some of the less popular sports such as handball, futsal and water polo were missing (that’s not such a bad thing, though).

In terms of odds, Nitrogen Sports is definitely on the higher end when it comes to getting the most out of your bet. They compared favorably to most of the major bookies on biggest games, offering odds at or slightly above average. However, they didn’t do as well on more exotic matches. For example, when we looked at the Algerian professional soccer league, odds were below averages at OddsPortal and 10% lower than the highest we found.

Don’t let that bother you, though! While we offer no guarantees, Nitrogen Sports apparently welcomes your own offer if you somehow manage to find better odds at their competitors – just open a support ticket and try your luck.

You can choose to show Decimal or American style odds (or both). They don’t offer Asian handicap or fraction odds.

Nitrogen Poker

On top of the sports book, they also have a top notch poker platform. Nitrogen Poker is a web based platform (meaning you do not have to download software to play) and it is the biggest Bitcoin poker platform around today attracting a lot of players on a daily basis.

Nitrogen Poker Table

Nitrogen Poker Rake

  • The rakes on cash games all ranges from 1% to 4%.
  • On tournaments the rake entry fee is 4% (very low compare to its competition).
  • If you join the loyalty program you will get 10% to 40% of rake back.

Nitrogen Poker Table Types

There are four main poker tables that are currently played which include:

  • No limit hold’em
  • Fixed limit hold’em
  • Pot limit hold’em
  • No limit crazy hold’em

Bonuses

There aren’t any standing bonuses given at Nitrogen Sports. However, we found one promotion that seem to be ongoing at any given time.

The first is the Parlay Jackpot, which offers multiple prize pools to 10 parlay bettors in three categories (max bet 0.01 BTC, max bet 0.1 BTC and no max bet) who win the most in a given month. The potential for additional prizes on a small outlay with huge odds is big, as we saw from last month’s #1 winner, who won top spot in all three categories with a 50 BTC payout on 460.033 odds, snagging an additional 5.9 BTC from the Parlay Jackpot.

A visit to their blog reveals that they also host other event-related promotions, such as the Conference Finals Parlay Promo and eSports Free Bet Promo. It pays to follow their social media to find out about promotions you can take advantage of!

Depositing and Withdrawing

Because of the current all-time high price of Bitcoin (steadying at USD 2,800 at time of writing), minimum bets may seem higher here when converting to fiat (the minimum bet is 1 mBTC, which is about USD 2.80), but that’s only a small factor to consider since sports betting doesn’t usually involve microbets anyway. The maximum bet accepted here varies from sport to sport and adjusts closer to the time of match. However, the maximum payout for a single bet slip is 100 BTC, while parlay bets have a max of 50 BTC payout.

For withdrawals, all previous deposits must have been confirmed on the Bitcoin network (1 confirmation up to 1 BTC deposits, 2 for up to 10 BTC, 3 for up to 50 BTC and 6 for more than 51 BTC). You are also able to transfer funds between player accounts directly with the same confirmation rules.

No fees are charged for any transactions. We do note that Nitrogen Sports has a clause in their terms reserving the right to request for identity verification, even though the site operates otherwise through anonymous transactions.

Source: https://bitcoin-millionaire.com/nitrogen-sports-review/

Blockchain

Members of WallStreetBets Forum Alleged in Telegram Crypto Scam Stealing $2M in BNB and ETH

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Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally.

The Core of the Hoax

Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A particular account by the name of ”WallStreetBets – Crypto Pumps” presented users the chance to purchase a new token certified as WSB Finance before it was listed on crypto exchanges. The operation is known as a pre-mine sale.

The essence of the fraud was connected to the recent cryptocurrency boom as bitcoin and most altcoins skyrocketed in value lately. With some of the digital assets reaching 1,000% gains, the targeted WSB members conned investors into sending money without asking questions and with the potential of netting huge profits.

The notorious account also urged users to transfer popular cryptocurrencies such as Binance Coin (BNB) and Ethereum (ETH) to a designated crypto wallet and then to reach its ”token bot” to gain WSB Finance coins.

However, the perpetrators never dispatched those coins. Furthermore, another message on Telegram revealed that the people who had already issued a payment had to send an equivalent amount again or they would risk losing their initial investment.


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The Aftermath

After executing the hoax, more than 3,451 Binance Coins were withdrawn on Tuesday (May, 4th) from the wallet inside the Crypto Pumps messages.

Since the price of BNB at that point was approximately $625, the fraud caused losses of more than $2.1 million. Following the scam, thousands of people expressed their frustration and tried to expose the individuals behind the account. Moreover, the quantity of the other cryptocurrency – ether – still remains a mystery.

Two weeks ago WSB admins warned about offers that might try to take advantage of the forum’s name in order to allure the crypto audience. The ”WallStreetBets – Crypto Pumps” account has been removed from Telegram but whoever managed it left a message that might stun the affected victims:

”Buying Lambo now.”

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Source: https://cryptopotato.com/members-of-wallstreetbets-forum-alleged-in-telegram-crypto-scam-stealing-2m-in-bnb-and-eth/

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Blockchain

South Korean Crypto Exchange Accused Of $1.5 Billion Scam

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The South Korean cryptocurrency exchange platform V Global was accused of luring 40,000 people into illicit multi-level deceit. The entire scheme amounts to more than 1.7 million won, which equals $1.5 billion.

The Investigation

As reported by the Korean officials, the police raided many places in the country related to a virtual cryptocurrency exchange, and its notorious CEO – known as LEE – alleged to fundraising without regulatory permission. The authorities blocked the exchange’s cash deposits as a part of the investigation.

In total, the Gyeonggy Nambu Police Agency reported that it searched the exchange’s headquarters in southern Seoul along with 21 other places and froze more than $214 million left in the account.

Another report from today shed more light on the developments. According to Yonhap News, the name of the organization is V Global. The Korean police are examining the accusations against them for fraud under the Certain Economic Crimes Weighted Penalty Act, the Similar Receiving Act, and the door-to-door sales business.

The main accusation against the exchange is gaining a deposit of 1.7 trillion won ($1.5 billion) from 40,000 members in the period between August 2020 and January 2021. The announcement revealed that most of the people were elderly or housewives with no experience in cryptocurrency trading.


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Too Good To Be True

The investigation revealed that the exchange urged investors to entrust their funds to an account and lured the members that the expected return would be three times higher than the initial investment. According to the authorities, there was a pyramid element in the scam as the exchange promised to grant an introduction fee of 1.2 million won ($1,065) for every newly recruited member.

The report affirmed that the trading venue paid some members in the form of a block. Therefore, people who signed up earlier received funds from individuals who entered the exchange later.

Moreover, the Korean police seem confident to deal with the fraud case as it revealed its intention to confiscate 240 billion won ($214 million) left in the V Global account as of the 15th last month, even before the prosecution process.

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Source: https://cryptopotato.com/south-korean-crypto-exchange-accused-of-1-5-billion-scam/

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Georgia’s central bank is exploring ‘Digital Gel’ CBDC

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The National Bank of Georgia said that it is considering launching a central bank digital currency.

In an announcement today, the central bank hinted at the issuance of a central bank digital currency, or CBDC, in an effort “to enhance efficiencies of the domestic payment system and financial inclusion.” The National Bank of Georgia, or NBG, said it would be inviting fintech firms and other financial institutions to participate in the project, named Digital Gel after the symbol for the country’s fiat currency, the lari.

“CBDC holds the promise to unlock the tremendous value of innovative business models for the benefit of society,” said the announcement. “The introduction of CBDC could increase financial intermediation efficiency, help introduce new financial technologies, facilitate financial inclusion, and reach previously unbanked populations.”

However, the bank mentioned the possibility of risks in the launch of a CBDC in the Republic of Georgia given the “new and potentially disruptive technology.” The NBG said it may conduct extensive testing of the CBDC in a controlled environment to ensure a smooth rollout, but did not provide any details regarding a timeline for launch.

With a population of roughly 4 million and a gross domestic product of approximately $15 billion, a nation like Georgia falls at the smaller end of countries exploring CBDCs. The Bahamas officially rolled out its Sand Dollar central bank digital currency in October, while China has been piloting its digital yuan in select cities prior to a full-scale launch. In the United States, Fortune 500 company Accenture announced this week it would be partnering with the Digital Dollar Foundation to conduct CBDC trials.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/georgia-s-central-bank-is-exploring-digital-gel-cbdc

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