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Spin and Win Massive Prizes in the New 1xBit Tournament

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19th April 2021, Limassol, Cyprus – Ready to take a trip to Las Vegas where you get to enjoy the thrills of slot machines? Or do you just want to feel the adrenaline rush as you watch out for winning combinations while the reels spin? Then, get set for this exciting adventure on the latest 1xBit “PHENOMENAL SPINOMENAL” slot tournament, from one of the most renowned game providers Spinomenal. 

Travel Into Different Realms With Slots Of Amazing Themes

Whether you prefer Ancient Egypt, Africa, the Animal Kingdom, historical Greece lands, or even space, there are slots to take you there. 1xBit offers games with many unique storylines that keep you enthralled, so you just want to keep spinning. With only a click on “Play”, the reels transport you to the world of your imaginations.

Every spin brings up colorful animations and catchy icons that give you an immersive experience. And with the god of luck on your side, the symbols can combine to give you rewarding bonus features including multipliers for juicer rewards.  

Tournament Prizes

The slot tournament kicks on from April 16, 2021, and runs until April 29, 2021. Simply log on to 1xBit and make your choice from the huge collection of slots available. The more you play, the higher the prize you are likely to win. At the end of the tournament, players who finish in the first to fifth positions walk away with prizes from the casino. Here’s a breakdown of what the winners get:

1st place – 50 mBTC
2nd place – 20 mBTC
3rd place – 15 mBTC
4th place – 10 mBTC
5th place – 5 mBTC

About 1xBit

1xBit is a leading online crypto casino and sportsbook with amazing offers to users. The platform provides everything you need to enjoy a good gambling experience.

Here are the benefits of playing on 1xBit:

  • Generous welcome offer: Start the journey on the site with up to 7 BTC bonus on your first 4 deposits
  • VIP Cashback:Existing players can enjoy a cashback of 11% on lost bets
  • 30 cryptocurrencies supported: Allows payments in Bitcoin, Ethereum, Tether, Litecoin, and many other popular coins
  • Multi Currency account: Players can switch from one cryptocurrency to another at any point
  • Anonymous casino: Place bets on sports and play casino games without having to leave any private information
  • Instant payouts: Player winnings are credited to players wallets immediately after request.
  • 100+ gaming providers: The casino offers a large library of games from more than 100 developers.
  • 5000+ slots: A rich collection of slot games for all players.

Still waiting? Why wasting more time? Sign up on 1xBit right now and get ready to spin for huge returns!

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Source: https://btcmanager.com/spin-and-win-massive-prizes-in-the-new-1xbit-tournament/

Blockchain

China Securities Journal Says Cryptocurrency Trading Is Risky and Calls for Strict Supervision

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Chinese officials warned the public about the risks associated with trading with digital assets. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies.

Tighter Regulations on Crypto Trading

According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other crypto assets. Officials from China Securities Journal have called for better regulation and pointed out three major risks that trading with digital assets may carry.

First, digital assets are highly decentralized, which means they lack supervision and legal protection. According to the journal, this is a huge disadvantage and can cause price manipulation and false transactions.

Second, the price of most cryptocurrencies, including bitcoin, can easily become an instrument for speculation and can go through sharp declines.’

Third, the movement of funds on blockchain technology is difficult to be observed. This can create an excellent environment for money laundering. Additionally, illegal and criminal activities can also thrive with these conditions as lawbreakers have the opportunity to make drugs or gun transactions using cryptocurrencies.


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The Chinese authorities advised that due to these factors, the crypto community must stay alert to prevent these hazards. Furthermore, China Securities Journal reminded that there are no legal crypto trading venues in the country and no regulatory protections:

”Once you encounter risks, you can only bear the consequences. In short, speculation in coins is risky, and you need to be cautious when entering the market.”

China and BTC

Despite the government’s stance, the primary cryptocurrency is highly popular in China – there’s a high number of miners situated in the large Asian nation.

Recently, the country’s central bank announced that it was looking into bitcoin as an alternative investment. Zhou Xiaochuan, former governor of PBoC, outlined the potential of digital assets and their future implementation. However, he ascertained that whatever the case may be, cryptocurrencies must not be used for illicit activities such as drug or weapon trafficking, gambling, or money laundering:

”We believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment. Many countries, including China, are also studying it as an investment tool.”

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/china-securities-journal-says-cryptocurrency-trading-is-risky-and-calls-for-strict-supervision/

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Blockchain

Bitcoin price metric flashes rare ‘buy the dip’ opportunity at $42K lows

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Bitcoin (BTC) is facing a make-or-break moment this week as a classic indicator signals a price watershed. 

According to the network value to transaction (NVT) price, BTC/USD is in line for a reset at recent lows of just above $42,000.

NVT calls a significant BTC move

After dipping on negative sentiment as a result of tweets from Elon Musk, Bitcoin is attempting to establish definitive support near its old all-time highs from February.

At the same time, NVT, which is used to discover potential local price polarities, suggests that the market is looking at an event similar to early 2018 or last March’s cross-asset crash.

The start of 2018 heralded a year-long bear market, while last year, Bitcoin conversely bounced from lows to new all-time highs — a bull run that analysts argue is still in action.

With the $42,000 dip bringing Bitcoin below NVT price, however, statistician Willy Woo drew attention to similar events throughout its 12-year history.

“Here is some hopium for those of you losing your minds,” Filbfilb, co-founder of trading suite DecenTrader, added about the indicator.

BTC/USD vs. NVT price chart. Source: Willy Woo/Twitter

A “buy the dip” like few others?

As Cointelegraph reported, NVT and its derivatives correctly called the explosive growth of Q1 2021.

NVT is far from the only tool in bulls’ arsenal for calling a continuation, however, and fresh data is also highlighting a distinct difference between old and new BTC hodlers.

The price dip, for instance, came as recent buyers sold in panic, overwhelmingly at a loss. Older entities, by contrast, happily bought up the available liquidity.

“Translation: BTFD opportunities like this don’t come often,” analyst William Clemente flatly commented on the NVT data.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/bitcoin-price-metric-flashes-rare-buy-the-dip-opportunity-at-42k-lows

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Blockchain

Iran’s Energy Ministry warns of heavy fines for crypto miners using household energy.

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Crypto miners using household electricity in Iran will face a “heavy fine,” according to Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, as reported by the Tehran Times. The spokesperson also added that cryptocurrency mining is one of the two biggest threats to Iran’s electricity supply this year—alongside a reduction in power coming from hydropower plants due to a lack of rain. 

Iranian government is cracking down on unauthorized mining.

As per local reports, the Iranian government is cracking down on unauthorized mining using household electricity. The crypto mining industry is heavily reliant on Iran’s power grid, and thus it places heavy demands on the national power supply. Rajabi also added the practice might even cause blackouts across the country. In addition to the “heavy fine” facing miners using household electricity, those caught by the government will also be made to compensate for the damages they cause to the country’s electricity supply. The move is the latest in a long line of steps taken by the government to control the cryptocurrency mining industry in Iran.

Iran struggles to provide energy to crypto miners. 

Iran legalized industrial cryptocurrency mining two years ago in 2019. At that time, Irani ministers said the industry could pull in over $8.5 billion a year. The move was considered by many to boost state income amidst tough economic sanctions applied as part of former President Trump’s “maximum pressure” Iran doctrine. However, by October of last year, the crypto mining industry had boomed to such a height that even the Central Bank of Iran put forward new regulations that directed the proceeds of Iranian-mined Bitcoin into government funds so Iran would be able to finance imports. But despite the country’s embrace of crypto mining, the country has consistently struggled with balancing the industry’s needs with the country’s wider electricity demands. 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://chaintimes.com/irans-energy-ministry-warns-of-heavy-fines-for-crypto-miners-using-household-energy/

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