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The Best NEM (XEM) Casinos Of 2020

Set your play on fire and buckle up for a rewarding gambling experience. Taking crypto to… read more

The post The Best NEM (XEM) Casinos Of 2020 appeared first on BitcoinChaser.

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Set your play on fire and buckle up for a rewarding gambling experience. Taking crypto to the world of gambling means players can look forward to some large wins and thrilling plays. With the rise of NEM (XEM), gamblers have the opportunity to access a world filled with new possibilities. Do not miss out on this opportunity to gain while gambling.

The Best NEM (XEM) Casinos of 2020

With NEM (XEM) still building in popularity, there are not very many casinos offering that option. The casinos that have risen to the occasion are some of the best in the business.

Fortunejack

fortunejack nem casino

The first to take center stage is the one and only FortuneJack Casino. With a few years under its belt, FortuneJack knows how to satisfy players. Focusing on all gambling fronts, FortuneJack is one of few online crypto casinos that allow players to indulge in such a wide range of gambling pleasures. 

With NEM (XEM) being an option, players can reach new heights in their gambling. With cheap transaction fees, players are able to save and earn!

Play at FortuneJack

1xBet

1xbet nem casino

Offering both an online casino as well as a well-known sports betting casino, showing players a world of gambling possibilities. The game selection is never-ending and the promotions are mouth-watering, 1xBet Casino is all about offering players a cutting edge experience. 

There is no better way than to jump on board with this new up and coming crypto trend. NEM is a payment option that provides quick and effortless payments, allowing players to hit the reels and reap the rewards as quickly as possible. 

Play at 1xBet

Betcoin

betcoin nem casino

In 2018 Betcoin Casino took it’s already extravagant online casino to new heights, by bringing on board a promising cryptocurrency, NEM. Betcoin is an online gambling platform that offers players a chance at their dreams. With a design filled with traditional gambling attire, players get to experience the modern experience of online gambling mixed with a classic twist.

Play at Betcoin

History Of NEM (XEM)

NEM was created in 2014 by a BitcoinTalk forum user called UtopianFuture and a year later the company launched a cryptocurrency XEM, which was inspired by Nxt. NEM works on a system based on high customization and versatility. With such adaptability, NEM is the perfect financial asset to most endeavors especially gambling.

In 2018, NEM was selected by the Ukraine Central Election Commission as the accepted blockchain technology for elections. Another accomplishment to becoming more recognized happened later in 2018 when Malaysia’s Ministry of Education pushed to use NEM’s blockchain technology to authenticate academic certificates. 

NEM is also a fantastic option for trading, which can be done on trading platforms such as:

AlfaCashier: AlfaCashier is an automatic cryptocurrency exchange platform that started in Russia in 2014. You are able to trade Bitcoin, Ethereum, Bitcoin Cash, Monero, Litecoin, Dash, NEM, Zcash, Ethereum Classic, Ripple and many more at AlfaCashier.

Binance: Binance is the world’s leading trading platform, with over 50 currencies on offer. Binance allows users to access their trade on any platform and provider fantastic security and support.

What Is NEM (XEM)?

NEM is a blockchain platform that runs off the concept of proof-of-importance and delegated harvesting to reward verification efforts, which offers the altcoin scene a new option for a decentralized algorithm. Being closely compared to Etherum, those who have invested are hoping for the same kind of success, if not better. NEM strives to provide total decentralization, absolute financial freedom, and equality for all users. The NEM ecosystem is focusing on optimizing and evolving the blockchain system. This will be achieved by looking at the user’s ambitions and setting goals in place to meet those needs. NEM has a zero inflation rate, with a total of 8.999.999.999 XEM in circulation. NEM was created in the genesis block, meaning all coins are already in existence. All other cryptocurrencies are subject to inflationary and deflationary forces. 

Recently NEM created NEMpay, which is an open-source payment system based out of the NEM blockchain. Allowing for quick and cheap payments at any corner of the earth.

Unique NEM Features

  • Mosaics: Mosaics are unique to NEM and represent assets that are traded on the NEM blockchain. Mosaics can be created in many shapes and forms, such as cryptocurrencies, a signature or status update and run on the NEM blockchain.
  • Multi-signature accounts: Transactions are highly secure, needing multiple signatures for any transaction 
  • Namespaces: Name your mosaics, by using something similar to an email address on the blockchain that allows you to give a unique name to your blockchain adventure. 
  • Updates: NEM focuses on adaptability. To make sure the updates are enjoyed by all the NEM to ask all users to get involved in update suggestions. 

What are the Advantages of NEM Gambling?

Gambling is all about what you get out! When gambling with NEM (XEM), players get even more out of it than they ever anticipated. Using a two-tier architecture and the use of groundbreaking cryptography, NEM provides advanced security. When gambling all transactions are fast and effortless, resulting in fast-paced play. Transactions are cheap, with a charge 0.01% per transaction, making it one of the more affordable currencies to invest in.

The benefits don’t stop there. NEM allows for cheap transaction fees, across all processes. NEM promises to always improve and evolve, in saying this NEM is looking at the full implementation of Catapult, a technology that should make the platform even faster, and more reliable.

 

NEM (XEM) Is The Future Of Gambling

Sign up to one of these thrill-seeking casinos and be one of the first to incorporate NEM into your gambling. With only added advantages, gamblers will see improvements in their play and returns. By saving just by using them, gamblers are able to take their money the extra mile with NEM (XEM). NEM is a revolutionary blockchain platform geared towards a smart economy. The casinos offering NEM (XEM) offer a fantastic array of gaming options. So pick your poison and get winning. 

Source: https://bitcoinchaser.com/casino/nem-casino/

Blockchain

Ethereum EIP-1559 Targeting Gas Fee Challenges to be Implemented in July

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The contentious Ethereum Improvement Proposal (EIP) 1559, will be included in its codebase in July this year. This became clear during the All Core Developers call today.

EIP 1559: What Does it Mean for Fees?

Ethereum’s Improvement Proposal 1559 is aimed at improving the overall Ethereum’s user experience when it comes to transaction fees.

Typically, a user would have to send a gas fee to a miner for their transaction to be included in a block. What EIP-1559 proposes, however, is to send that gas fee to the network itself. Called basefee, this is a sort of a “burn” and there would only be an optional tip that’s paid to the miners. The burnt fee would be set algorithmically, supposedly improving the UX.

The proposal was originally submitted by Eric Conner and its summary provides an overall outlook at what it attempts to achieve:

A transaction pricing mechanism that includes fixed-per-block network fee that is burned and dynamically expands/contracts block sizes to deal with transient congestion.

During today’s All Core Developers call, it was decided that it will be included in the so-called London hard fork coming this July.

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Some Miners Disagree

Despite the potential improvements on the entire network that could come with EIP-1559, some of the largest Ethereum mining pools have openly displayed division on where they stand.

F2Pool, the third-largest ETH mining pool with over 10% hashrate share, shared a post, in which it supported the initiative, claiming that it would ultimately have a positive impact.

The publication says that “the general community along with core developers are siding with evolving Ethereum to include EIP-1559. It is important to side with the users and core contributors.”

F2Pool’s statement also argued that the potential EIP-1559 implementation could be factored in ETH’s price, which is more than 100% from the start of the year.

In contrast, though, the largest mining pool with nearly 25% share of the hashrate, Sparkpool, didn’t feel the same way about the integration as it could reduce the profits. They took it to Twitter to emphatically assert that the mining pool “opposes EIP-1559.”

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Source: https://cryptopotato.com/ethereum-eip-1559-targeting-gas-fee-challenges-to-be-implemented-in-july/

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Blockchain

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

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Uniswap broke out past the $29.3 level of resistance, while Crypto.com Coin was in a phase of consolidation. Compound bounced off the $450 level of support to touch $500 but could see a pullback to $470.

Uniswap [UNI]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

Source: UNI/USDT on TradingView

UNI broke out and went past the $29 area of resistance, where the 23.6% retracement level and the $27.3 level of resistance lay. The upward move had extraordinary volume as UNI touched $31.54 but some selling pressure was seen in the subsequent trading session.

The Doji candle represented short-term exhaustion from the bulls, and the breakout could see UNI pullback to test the $29.3 level to confirm its flip from resistance to support.

The MACD showed strong bullish momentum behind UNI. Bearish divergence on the hourly chart between momentum (MACD) and the price could be seen in the coming hours, which would likely see UNI pullback to $29.4. This can be used to enter long positions, with a stop-loss just at $28.7.

Crypto.com Coin [CRO]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

Source: CRO/USDT on TradingView

The Bollinger bands showed that CRO was in a phase of consolidation at and around its 38.2% retracement level at $0.152. The RSI moved back above neutral 50 to indicate that momentum was swaying towards the bulls’ side.

The defense of the 50% retracement level at $0.127 and the immediate bounce-off was a show of strength from bulls – the $0.146-$0.152 region can be used to accumulate CRO in expectation of another move upwards. The $0.173 and $0.189 levels are levels of resistance to watch.

Compound [COMP]

Uniswap, Crypto.com Coin, Compound Price Analysis: 07 March

Source: COMP/USDT on TradingView

Compound saw a strong bounce-off at the $450 mark which represents a 23.6% retracement for COMP’s move from $205 to $573. At the time of writing, COMP faced some resistance at the $500 area.

Moreover, the Awesome Oscillator on the hourly chart displayed a bearish twin peak set up and gave a sell signal. This development, followed by the AO registering bearish bars on its histogram, is likely to see the price dip to $470. Bulls would need to show some strength at $470, or bears can drive the prices lower to $450 once more.


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Source: https://ambcrypto.com/uniswap-crypto-com-coin-compound-price-analysis-07-march

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Pakistan: Arrests made in Bitcoin extortion case

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The world of finance has never been able to protect itself from the fraudulent activities going around in the world. The cryptocurrency market, which itself is a growing space has also had its fair share of such fraudulent activity being associated with it. However, unlike traditional finance, regulators have been enforced stringent measures when it comes to tackling such offenses.

A recent case has been reported in Pakistan, where the police have arrested several people part of the country’s first extortion case via crypto. According to reports, the police arrested the owner of an outhouse where the complainants, two foreign nationals, were held hostage along with two other suspects.

One of the suspects was identified as Rana Irfan Mahmood and a case has been registered against him and an unidentified accomplice. The hostages were Swiss national Maria Spari and German citizen Stephen [last name remains unknown] who were kidnapped by three men in police uniform along with another person.

After threatening the hostages with a fake drug smuggling case, the victims paid 6,300 euros in cash and made an online transfer of 1.8 Bitcoin which was close to $9k. The suspects made a fake video demanding an additional Rs 300 million [$1.91 million].

According to SSP Investigation Abdul Ghaffar Qaisrani, the police have managed to recover the amount paid to the facilitator apart from the Bitcoin. The crypto has already been transferred to another account and the team was taking assistance from the intelligence agencies to recover it.

Although the regulators in Pakistan have been taking note of Bitcoin and crypto, illicit activities have been a growing concern in the region. In November 2020, the Central bank clarified that it was not banning crypto, contrary to the prevailing fear within many in the crypto-community.

In fact, Pakistan’s Securities and Exchange Commission [SEC] published a paper on the regulation of cryptocurrency trading platforms. This paper outlined the regulatory approach to crypto and included recommendations given by the Financial Action Task Force [FATF], as well as regulations presented by Malaysia, Hong Kong, and the U.S.

However, the police in the country have warned users and the government about the rising cases of ransom and extortion related to crypto. Bitcoin has been at the center of these cases and such fraud activities will only instill fear with the lack of regulation among crypto users in the region.


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Source: https://ambcrypto.com/pakistan-arrests-made-in-bitcoin-extortion-case

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