The crypto industry is currently a hotbed of innovation that enables the development of a whole new futuristic world of finance based on cutting-edge technology.
Much of the allure of cryptocurrencies is due to their function as robust and profitable stores of value.
To capitalize on this blossoming trend while offering users unrivaled returns on their crypto investments, Phemex will be launching its two new Earn Crypto saving accounts this month. These options will offer as much as 10% APY. Here’s what you need to know.
Phemex Meets Market Demand With New Innovations In 2021
The cryptocurrency ecosystem has grown to become way more than mere buying, selling, or trading digital assets. The DeFi boom demonstrated that holders of this emerging asset class are seeking savvy ways to earn a yield on otherwise idle cryptos.
These investors hold cryptocurrencies for the long term and are attracted by the promise of earning additional profits by doing nothing more than holding their coins that same way they would have been anyway.
The ex-Wall Street traders who built Phemex pay close attention to the demands of the market. They are now furthering this growing trend by releasing two types of Earn Crypto saving accounts on January 18, 2021.
Earn Crypto With Two Types Of Savings Account
The two types of savings accounts are broken down further into flexible and fixed. The flexible savings account focuses on those looking to avoid long-term commitments and want to withdraw earnings or even their base crypto capital at any given time. Phemex is guaranteeing at least 7% estimated annual APY on a maximum deposit of 50,000 USDT.
The larger the deposit or, the longer the savings period, the greater the return on investment will be. Interest payments are awarded daily, allowing investors to choose to take the money off the top or let it compound into more and more crypto.
The fixed savings account locks deposits up for incremental periods of seven days. Phemex will offer these accounts an estimated 10% APY, but earnings will be awarded on a weekly basis. Like the flexible account, the maximum USDT deposited is capped at 50,000 USDT but is available at as little as 100 USDT.
For more information on Phemex’s new Earn Crypto flexible and fixed savings accounts, visit the official website.
Speculation Tesla Dumped Its Bitcoin Holdings Denied By Musk
Elon Musk puts to bed rumors that Tesla has sold its remaining Bitcoin holdings. The comments came following his second attack on the leading cryptocurrency. This time, he called out the dominance of Chinese mining pools in a now-deleted tweet.
Bitcoin continued from its weekend slide with another drop today, currently down 5% at the time of writing. Given Musk’s apparent influence on markets, some insist he exercises more restraint on social media.
Tesla Has Not Dumped Its Bitcoin
Last week, the Tesla boss announced his firm would no longer accept Bitcoin as payment for its EVs. The reason he gave was a growing concern about the use of highly polluting coal by miners.
This coincided with a mass sell-off in which Bitcoin was hit particularly hard, closing the day down 13% to $49.5k.
Today, Musk tweeted that Bitcoin is highly centralized due to the small number of mining pools that control the network. He maintains that coal is a significant power source for miners, despite counter claims that the network runs mostly on renewable sources.
“A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Sound decentralized to you?”
In amongst the responses, @CryptoWhale suggested that Tesla will sell their Bitcoin holdings. Adding that, if that happened, Bitcoiners would only have themselves to blame. He was referring to the outpouring of hate directed at Musk.
Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings.
With the amount of hate @elonmusk is getting, I wouldn’t blame him…
— Mr. Whale (@CryptoWhale) May 16, 2021
Musk replied to the tweet with a response of “Indeed.” Some publications interpreted this as confirmation that Musk had already dumped his Bitcoin holdings.
But in a semblance of grace, Musk put the record straight by saying Tesla has not dumped its BTC holdings.
“To clarify speculation, Tesla has not sold any Bitcoin.”
However, with everything that has gone on since last week, is it only a matter of time before Tesla sells up?
Musk Should Be Aware Of His Influence In Moving Markets
Key crypto figures have rallied together in support of Bitcoin. Michael Saylor announced a $15 million BTC buy adding to MicroStrategy’s already substantial war chest, while Jack Dorsey tweeted a message of support in improving its green credentials.
However, @PlanB took a less nuanced approach by accused Musk of deliberating trying to destroy Bitcoin. The comment came in a poll asking his followers whether Musk has derailed Bitcoin from meeting expectations per the stock-to-flow model (S2F).
S2F refers to a predictive model based on scarcity over time. PlanB, who adapted it for Bitcoin use, puts the price of BTC at a minimum of $100,000 by year-end.
The Managing Partner and Co-founder of Nexo, Antoni Trenchev, said Musk should “wake up” to his influence in moving markets.
“He has to wake up to the reality that with his following, even single-worded tweets can move markets.”
But as some would suggest, he is already well aware of his clout in that regard.
Source: BTCUSD on TradingView.com
Coinsmart. Beste Bitcoin-Börse in Europa
SAND, ENJ and LPT trading starts May 20 – Deposit Now
Kraken is supporting three new assets: Sandbox (SAND), Enjin (ENJ) and LivePeer (LPT).
- Deposits for all three assets are available starting now.
- Trading will begin on May 20 at approximately 15:30 UTC for all assets.
Deposits for all assets are currently open so you can deposit now!
Note: Trading is not available to residents of the USA, Canada, Australia and Japan.
Here’s a rundown of the new assets available for deposit on Kraken today.
Sandbox (SAND) – The Sandbox is a virtual universe built on Ethereum where participants can purchase, build, govern, earn and own digital items using SAND, its native cryptocurrency. SAND holders can also use their voting power on internal decisions and improvements proposals of the Sandbox ecosystem. As a participant, you can create your own NFTs, import them and create your world.
Enjin (ENJ) – Enjin is an Ethereum-based decentralized application (dapp) designed for developers to create and manage virtual in-game goods and collectables. ENJ, Enjin’s native cryptocurrency, is central in managing the digital assets on its platform as each in-game item created on Enjin is assigned a value in ENJ.
LivePeer (LPT) – Liverpeer is a decentralized video streaming platform built on the Ethereum blockchain. Developers can also use LivePeer to integrate live or on-demand video into their applications. The Livepeer Token (LPT) gives users the right to participate in the network. LPT holders can become delegators by staking their tokens, earning them a portion of the fees as a reward for ensuring a high-quality and secure network.
What time will funding and trading start?
- Funding: Already available – you can deposit SAND, ENJ and LPT now!
- Trading: Starts May 20 at approximately 15:30 UTC (Kraken will enable order entry and execution at this time)
- Updates will be posted on the status page near launch time
Trading pairs for SAND, ENJ and LPT
Each new asset will be available for trading in the following quote currencies: USD, EUR, GBP, and BTC.
How to deposit SAND, ENJ and LPT
- Navigate to “Funding” > Select the asset. You can find the asset either by ticking “Show all assets” or by searching (e.g for “ENJ” or “LPT”).
- Click “Deposit” next to the asset and follow the on-screen instructions.
Confirmations required before deposits credit
- SAND: 20 (about 5 minutes)
- ENJ: 20 (about 5 minutes)
- LPT: 20 (about 5 minutes)
- 10 SAND
- 2 ENJ
- 0.20 LPT
Fees and funding minimums
Which services will be available for SAND, ENJ and LPT?
Not (yet) available
Will Kraken list more assets?
Yes! But our policy is to never reveal any details until shortly before launch – not even about which assets we are considering. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.
Trade with caution
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Invest with caution
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
2021 OFFICIAL GUIDE: THE TOP BITCOIN CASINOS & SPORTS BETTING SITES
2021 OFFICIAL GUIDE: THE TOP BITCOIN CASINOS & SPORTS BETTING SITES
The Top Bitcoin Sports Betting Sites & Casinos. Safe, Anonymous, Provably Fair Gaming. 3D Slots, Poker, Bitcoin Dice, Blackjack and more!
Why Bitcoin For Sports Betting?
First, let’s take a look at the reasons one would choose to wager in bitcoin or Cryptocurrency over fiat (cash) in the first place. If there weren’t clear advantages to betting using bitcoin this article would both a waste of your time and ours.
Advantages of Bitcoin Gambling
The security and privacy advantages offered by Bitcoin make it the optimal option for sensitive financial transactions, such as funding your online sportsbook account. Find out why Bitcoin has become the most effective financial tool for sports bettors who conduct business online
Zero Third Party Oversight
Due to the restrictive nature of federal laws on sports betting, American sports bettors have few choices when it comes to legal sportsbooks. With very few options, America’s legions of sports betting enthusiasts must place their wagers through offshore online sportsbooks like 5Dimes, Pinnacle, or Bovada. While these sportsbooks usually have no issue accepting deposits from U.S. Customers, most banks will attempts to fund online sportsbook accounts.
That’s where Bitcoin comes in, as the virtual currency’s design and structure is perfectly suited to solve this dilemma. By using Bitcoin to conduct these transactions, you avoid the threat of third party oversight entirely, as the exchange involves you and the sportsbook alone.
Bitcoin’s Blockchain Means Little to No Transaction Fees
Every online sports bettor knows that you can almost always deposit to a site free of charge, but withdrawing your winnings usually incurs a hefty fee. That’s because collecting your winnings from an online sports bet typically involves paying off the middleman.
However, a lack of fees is an extension of the Bitcoin blockchain’s fundamental design. With no middlemen standing between the payer and the payee, blockchain transactions don’t cost anything at all. Most Bitcoin transactions average a “fee” of just $0.04.
Funds Get There Faster
Continuing the benefits of cashing out via Bitcoin, bettors will be pleased to note that transactions typically take just minutes to complete.
Bitcoin Prevents Identity Theft and Fraud
Rather than input your credit card number, expiration date, and security code into an unsecured website form, Bitcoin transactions require only your address, along with your private and public keys. Bitcoin is a cryptographic currency at its core, so encoded data is an essential component of the exchange process. Even better, while a Bitcoin address can be calculated through its corresponding private key, reversing this process is impossible.
This makes Bitcoin by far the safest currency available for bettors searching for a way to load their online sports book account without sacrificing valuable private information.
Finding Trustworthy Bitcoin Casinos & Sportsbooks
Once you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you. Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.
First, Read Reviews & Rankings by Top Review Sites to Make Sure You Select a Legitimate Site
There’s nothing worse than winning big and getting ready to cash out and realizing you can’t get access to your funds. That’s why it’s important to choose a respected and trustworthy site.
The Top Gambling Site & Sportsbook Review & Rating Services 2019
CryptoClarified– a Top 10 Blockchain & cryptocurrency news blog- has ranked the Top 3rd party sites that Independently test the different online Bitcoin Casinos & Sportsbooks.
- Top Crypto Casinos
- Top Online Bitcoin Casinos
- Bitcoin Sports Betting Guide
- Bitcoin Chaser
The Top Bitcoin Casinos 2021
Coming in at #1 (again) BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients
Even better yet.. Betchain is offering an exclusive bonus for our readers! What are you waiting for? Join Now
BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.
Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.
- Safe and Secure: BetChain uses the latest in encryption and secure servers to ensure that customers’ money is always safe.
- 24/7 Support: Contact BetChain anytime, day or night, at firstname.lastname@example.org or through the BetChain support form.
You can find over 1400 games from several casino game providers like iSOFTBET, Endorphina or Evolution Gaming. FortuneJack Casino has also one of the widest selection of cryptocurrencies. The Casino supports 8 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, Monero, and Zcash.
The casino is based in Eastern Europe in Georgia. The team seems to be competent, because they have made several provably fair casino games from scratch. FortuneJack Casino and the fast new casino lobby updated in May 2018.
FortuneJack Review — Pros
- The casino has been around since 2014, so it is quite experienced Bitcoin casino
- Excellent deposit bonuses and no deposit bonuses
- Very good selection of over 1400 games with also live casino games
- FortuneJack is one of the biggest and most popular crypto casinos, so the financial backup of the casino should be in order
- The support works great
- One house-made provably fair dice game
Join FortuneJack Now
mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.
- All the games at mBit were independently tested and verified for fairness by RNG.
- mBit is now home to over 1,000 different games and new ones are added weekly.
- Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
- Deposit instantly and for free. Sign-up takes seconds and only requires an email.
- mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
- United States of America players are welcome. Site in both English and Russian.
- mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
These are trusted sites that have independently tested over 50 Different Bitcoin Sportsbooks & Casinos, Placed Bets, Deposited & Withdrew Funds and finally Ranked & Reviewed the Best U.S Friendly Bitcoin Sportsbooks & Casinos.
They have also ranked the Top Sites for Mobile Bitcoin Casino Gambling & Sportsbooks that allow U.S. Residents to get in on the action directly from their smart phone or tablet.
Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.
SPORTS BETTING SITES
Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.
Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Banking is also completely free, which means you’ll have more money in your player account. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League
Sundays just became a LOT more INTERESTING!
Top Crypto Casinos, Top Online Bitcoin Casinos, Bitcoin Sports Betting Guide, independently tested over 50 Different Bitcoin Sportsbooks & Casinos, Placed Bets, Deposited & Withdrew Funds, Ranked & Reviewed the Best U.S Friendly Bitcoin Sportsbooks & Casinos.
The Top Bitcoin Sportsbooks 2021
Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.
Nitrogen Sports are our favorite “bitcoin only” sportsbook. Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site. They are headquartered in Costa Rica and owned by IdealMedia.com
- Easily the biggest, most established and trusted bitcoin bookmaker.
- 100% anonymous. Nitrogen do not even ask you to provide an email address.
- Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
- The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
- Deposits are credited with zero confirmations and withdrawals process in hours.
- The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
- 2-Factor Authentication available. Support provided via live chat or ticket system.
- Nitrogen Sports do NOT offer a deposit bonus but do they run some fun promos.
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