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.
U.S. Treasury Targets Stablecoins in Latest Regulatory Risk Assessment
As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas.
Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added.
The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and that certain stablecoins could scale up dangerously fast.”
Strengthening Regulatory Efforts
The Financial Stability Oversight Council is also preparing a formal review into whether stablecoins pose an economic threat.
The officials are focusing on how stablecoin transactions are processed and settled and whether market conditions have an impact, it added. Tomicah Tillemann, global head of policy at a crypto fund run by venture capital giant Andreessen Horowitz, commented:
“It is significant and very consequential that we are witnessing early steps to create a regulatory framework around digital assets. That’s a big deal.”
The report, when released, will go to the President’s Working Group on Financial Markets. The body includes key agency heads such as Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and Securities and Exchange Commissioner Chair Gary Gensler.
In late July, Yellen called for urgency in regulating stablecoins after stating that they are not adequately supervised. Gary Gensler echoed the sentiment in early August, stating that regulators must act to protect investors from fraud.
Also, in late July, Acting Comptroller of the Currency, Michael Hsu, said regulators are looking into Tether’s commercial papers to see whether each USDT token was really backed by the equivalent of one U.S. dollar.
Tether has repeatedly issued assurances that its reserves are fully backed but has yet to produce a full independent audit.
Stablecoin Ecosystem Update
Tether remains the market leader with a current supply of 69.4 billion, according to the Tether Transparency report. This is close to the all-time high for USDT, which tapped 70 billion earlier this week.
Of that total, 36 billion or 51.8% is based on the Tron network, with 33.8 billion or 48.7% running on Ethereum. USDT supply has grown by 232% since the beginning of the year.
Rival stablecoin, USDC, from Circle currently has 29.3 billion in circulation after gaining 651% in terms of supply growth so far in 2021.
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Cardano, Chainlink, MATIC Price Analysis: 19 September
Most altcoins in the market have been consolidating or recording losses over the last 24 hours. Cardano fell by 3% and inched closer to the support line of $2.20. Chainlink also depreciated by 5% and was trading closer to its three-week low price. Lastly, MATIC was seen moving closer to its one-week low price of $1.29 after registering a loss of 5% over the past day.
Cardano lost 3% of its valuation over the last 24 hours. The altcoin was priced at $2.33. Over the last few days, ADA has been consolidating. The nearest support line for the coin stood at $2.20 and then at $1.72.
On the four-hour 20-SMA the alt’s price was seen below it, indicating that the momentum belonged to the sellers. The Relative Strength Index was below the 50-mark. The Chaikin Money Flow also was seen below the half-line as capital inflows were low.
MACD witnessed a bearish crossover and flashed red bars on its histogram. If ADA moved on the upside, the first resistance mark stood at $2.49, toppling which it could retest $2.79. The other price ceiling stood at the multi-month high of $3.04.
Chainlink was priced at $27.80 after it recorded a loss of 5% over the last 24 hours. LINK’s nearest price floor was at $27.78. Falling below which the coin could trade near its three-week low of $24.45.
Parameters pointed towards negative price action. On the four-hour chart, LINK’s price was below the 20-SMA. This reading suggested price momentum was inclined towards the sellers. The Relative Strength Index was below the half-line.
Awesome Oscillator flashed red signal bars. MACD also displayed red bars on its histogram. On the flipside, once buying pressure revives, the altcoin could attempt to retest the $32.37 resistance mark and then revisit $35.83.
MATIC depreciated by 5% and was trading at $1.39. The altcoin’s immediate support line was at $1.29 which also is the one-week low price level. The other price floor was at its over a month-long low price point of $1.07.
Bollinger Bands converged, indicating that price volatility would remain low over the upcoming trading sessions. MACD was bearish with red bars on its histogram. The Relative Strength Index was also seen below the half-line.
MATIC’s movement on the upside could mean that the coin would meet with its first resistance at $1.42 and then at $1.54. Toppling over these levels, the coin could revisit its multi-month high of $1.76.
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The Crypto Mining Fight in China Is Not Over
It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30.
China Is Still Kicking Miners Out
China shocked the world not too long ago when it decided that all crypto mining should cease. The idea was that energy used for crypto mining purposes was hazardous to the planet, and that it was setting humans on the wrong path. Thus, regulators stated that it was time to bring things to an official end.
What was most surprising about the ruling is that the country, at the time, was home to nearly 75 percent of the world’s total crypto mining operations. Thus, it stood to lose a lot of money and tax revenue by initiating the clampdown. In addition, the country is home to two of the world’s biggest developers and distributors of bitcoin mining equipment in Bitmain and Canaan Creative.
Nevertheless, China has moved forward in its decision. Many mining operators were forced to shut down their businesses and move elsewhere, and quite a few have popped up in countries such as Kazakhstan and in states like Texas and Florida. Both these regions in America have stated they are open to crypto mining projects given that they can potentially lead to healthier local and state economies, and they will create jobs for interested workers.
The Hebei province issued the following statement:
Cryptocurrency mining consumes an enormous amount of energy, which is against China’s ‘carbon neutral’ goal.
The arguments against crypto mining have become rather prominent in recent months. One of the most notable stemmed from Elon Musk, the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla. He stated early in the year that he was willing to permit bitcoin payments for electric vehicles. A few weeks later, however, he rescinded this decision, claiming that miners were not utilizing their energy correctly, and he could not condone bitcoin unless carbon emissions were brought down.
Too Much Bad Energy in the Air!
Another argument came from Kevin O’Leary of “Shark Tank” fame. The billionaire investor claimed that he would no longer be purchasing any BTC mined in China given that the country was not known to utilize green energy for mining purposes. China later took this issue to heart, it seems.
Starting in October of this year, bitcoin and crypto mining in China will be completely illegal. Regulators in the nation have stated that they will keep a close eye on the mining space and will work to punish all those who disobey the rules.
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