Among various crypto implementations, online gambling is a very popular one. Which crypto casinos are worth following in 2020?
The world of cryptocurrencies may come together well with the gambling industry, and online casinos are one of the most popular blockchain implementations. We know about many gambling enthusiasts among our readers since you are frequently asking us for updates on that field. That’s why we are doing our best to keep an eye on this industry.
In crypto we trust!
Last year only confirmed our belief that cryptocurrencies and online gambling come together very well. Decentralized assets seem to be a perfect match for online casinos. Thanks to the utilization of blockchain technology, gambling websites supporting crypto payments are more reliable and convenient for users.
With the growing popularity of cryptocurrencies, the usage of such assets in casinos have become more common than ever in the history of online gambling. Every year, more and more gambling websites decide to open up to decentralized assets. That’s why we have prepared a short summary of the most interesting online casinos where you can gamble with bitcoin (and other cryptocurrencies as well) in 2020.
BitStarz – Quick games, quick rewards
This casino began as a project of a small team of casino enthusiasts. Not pleased with the traditional/conservative gambling industry, they decided to create their own website based on first-hand experience. That’s why this particular casino is the best choice for everyone looking for a place dedicated to blockchain gaming. The large variety of available games ensures that every gambler will find something interesting. But probably the most notable in BitStarz are quick payouts. It makes this casino a perfect place for people looking for fast and intense gambling activities.
Available cryptocurrencies: Bitcoin
Affiliate program: Available (up to 40% revenue share)
Bonuses: Welcome Package, Comp Points (loyalty points for playing in the casino), seven various promotion programs.
CryptoGamble – A complex casino experience
If you are looking for an ultimate gambling experience, this casino should suit you well. CryptoGamble offers a wide range of games, well known for every casino lover. The large selection of various activities is the main advantage of this website. From traditional poker, through casino roulette, to plenty of distinguishing slot games, and lotteries – if there is any gambling game you want to play, you may be sure that you will find it here. Most of them are also available in live versions, so if you prefer to feel like in traditional places, CryptoGamble is the right choice.
Available cryptocurrencies: Bitcoin, Ethereum
Affiliate program: Available (up to 50% revenue share)
Bonuses: Welcome Bonus (110% on first deposit), „5 Euro No Deposit Bonus” (bonus of 0.7 mBTC after an account verification).
MintDice – Something unusual
This particular position shines with a very interesting design, clearly distinguishing itself from other online casinos. MintDice went entirely into the blockchain aesthetic, providing its users with games associated with the cryptocurrencies both in visual and gameplay aspects. Although the casino is still entirely new, its style makes it an exciting choice for everyone dreaming of a new experience. The website is still under development, but it is definitely promising and worth keeping an eye on it in 2020.
Available cryptocurrencies: Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple, Dogecoin, Monero, Dash, PIVX, Blocknet, NEO, Decred, LUX and ZCoin.
Affiliate program: Available (10% returns on all cryptocurrency casino revenue generated by refferlas)
Lucky Games – Plenty of coins
Although MintDice provides the design, which is the closest one to an ideal blockchain experience, the amount of supported cryptocurrencies is rather limited there. Lucky Games lays on a completely opposite side, offering more than 90 different cryptocurrencies! This number is really impressive and makes Lucky Games a perfect choice for more sophisticated crypto enthusiasts who are looking for a place to spend their various coins. The only problem may lay with the visual aspects, which, unlike MintDice, are quite complicated here.
Available cryptocurrencies: more than 90, including: Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple, Dogecoin, Cardano, Chainlink, Monero, Dash, PIVX, NEO, Decred, LUX, EOS, ZCoin.
Affiliate program: Available (€20 bonus)
Bonuses: First Deposit (up to €250), Registration (up to €10), Birthday Bonus (up to €100)
FortuneJack – Undisputed leader
Most enthusiasts of online casinos are probably familiar with FortuneJack. This casino was launched in 2014, and since then, has frequently been pointed out to be the best online casino with the cryptocurrency support. In last year’s crypto casinos ranking on BlockChain24.co, this gambling website got the first place, thanks to reliable and a well-established position on the market. In 2020, FortuneJack still holds the position of the leader, providing secure solutions for its users. If you are looking for a stable gameplay rather than surprising features, this casino will suit you very well.
Available cryptocurrencies: Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Dogecoin, Monero, Dash, ZCoin, Tron.
Affiliate program: Available (up to 60% commissions)
Bonuses: 25 free spins after verification
Why play with crypto?
All casinos mentioned above have one thing in common – they are supporting cryptocurrency payments. This feature alone makes the gaming more reliable than any other online casino which doesn’t accept decentralized assets. Why? Because cryptocurrencies stand for both better security and performance of the offered services.
Blockchain technology provides faster transactions, which ensures that payouts from your gambling successes will quickly go to your (virtual) wallet. The decentralized character of cryptocurrencies is also an additional guarantee for you, due to the much higher level of security that such assets provide.
If you are an online casino enthusiast, who is not familiar with the idea of crypto gambling, you should definitely check those websites to find out how blockchain will change your experience. And if your adventure with online gambling is about to begin, the cryptocurrency casinos are an excellent way to start your journey.
Former London Stock Exchange Group CEO Urges UK Government to Explore Cryptocurrencies
The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.
The UK Should Turn To Crypto And SPACs?
Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as the CEO of the London Stock Exchange Group and was named as one of the 100 best CEOs in the world in 2017 by the Harvard Business Review.
In a report cited by Bloomberg, Rolet touched upon the potential consequences to the UK economy following the withdrawal from the European Union and the European Atomic Energy Community, better known as Brexit.
The executive believes that the UK has two viable options to consider if it wants to minimize the risks and help the nation flourish.
In the first one, he urged the government to “promptly consider the SPAC revolution.” Also referred to as “blank check companies,” these special purpose acquisition companies (SPAC) operate as shell corporations listed on a stock exchange with the idea of buying out a private company, thus making it public. Ultimately, this strategy eliminates the need to go through a traditional initial public offering (IPO).
While the US has seen significant adoption in the past year with a 10x increase in the raised funds compared to 2019’s results, the UK regulators have halted their progress on the London markets.
Rolet’s second advice involved digital assets as he noted that “all relevant UK government agencies should be resourced to thoroughly understand cryptocurrencies.”
With proper regulations, the crypto ecosystem could “place London and the UK at the center of a reputable and safe financial market.”
The UK’s Regulatory Approach To Cryptocurrencies
While UK’s regulators have hindered SPACs’ progress within the country, the nation’s financial watchdog, the FCA, has also been rather harsh against the cryptocurrency industry.
As of the start of this year, the Financial Conduct Authority banned crypto derivatives and exchange-traded notes (ETNs) to retail customers.
Additionally, the watchdog has issued several warnings to investors that they could lose all their funds if allocated in digital assets.
The regulator also announced that all UK-based digital asset businesses need to be registered with it but extended the deadline for applications to July 9th, 2021.
Featured Image Courtesy of TheGuardian
Traders remain bullish even as DeFi’s TVL falls to $54.4 billion
Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap (UNI) and AAVE.
The fast-moving prices and 1,000% APY on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to exit their positions and lock in their gains.
On Feb. 22 Bitcoin (BTC) price entered a sharp corrective phase which saw the top digital asset pullback by more than 20% from its all-time high of $58,274. As this occurred, the majority altcoins also saw double-digit corrections and DeFi tokens like PancakeSwap (CAKE) fell as much as 55%.
Total value locked in DeFi shows resilience
The total value locked in DeFi platforms also took a hit as Bitcoin and altcoins corrected. Data from DeFi Llama shows the combined TVL of all DeFi platforms fell from $64.89 billion to $54.22 billion on Feb. 24. Cointelegraph also reported that this week’s correction led to the second-largest day of DeFi loan liquidations in history.
The decline in TVL is a result of decreasing token values rather than protocol outflows, indicating that token holders remain committed to the continued expansion of decentralized finance and that the current yields are still incentivizing investors to rem engaged.
Market analysis indicates that despite the recent $5.8 billion Bitcoin and altcoin liquidation, bulls remain optimistic and see this price pullback as a sign of a healthy market.
The same goes for the DeFi sector, which has been in a strong uptrend since the start of the year. Increasing DEX volume as well as a rising TVL show that DeFi is still in the early stages of growth, and while pullbacks are to be expected, the overall trend is positive as institutional and retail investors increasingly gain exposure to this emerging asset class.
ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE
ZelaaPayAE (ZPAE), a Dubai-based blockchain payment network focused on the Gulf region, has announced the deployment of 100 XPOS Handy (point-of-sale terminals) and 10,000 XPASS cards from partner Pundi X, a cryptocurrency payment platform.
“Pundi X has the technology to empower merchants across the world to deploy easy-to-use blockchain solutions. We’re excited to bring it to the UAE market.”
– Sahil Arora, ZPAE CEO
XPOS devices enable cryptocurrency transactions on the blockchain from anywhere….from trendy cafes in Seoul, South Korea, to pubs in New Hampshire, USA. Similarly, the XPASS card makes it easy for customers to pay with their crypto-assets.
“Any corner of the world where XPOS is, that’s a place where seamless transactions can take place. Both ZPAE and Pundi X essentially want the same things; making the blockchain accessible.”
– Zac Cheah, Pundi X’s CEO and Co-Founder
ZelaaPayAE (ZPAE) was founded with the aim of unlocking the power of cryptocurrency in the Middle East. The ZPAE token trades on numerous exchanges such as CoinTiger, JustSwap, Bilaxy, and others. The company is engaged in introducing a number of decentralized finance products in the UAE.
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