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Showing results for tags 'bitcoin'.

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  1. When something seems foreign or complicated, or even just different from the mainstream, people tend to start rumours as they try to understand the unusual subject. These rumours often grow because other parties spread them, leading to damaging myths. The cryptocurrency industry fell prey to many tales with questionable origins and sources that do not hold expert credentials. Because of various events in the decentralised finance market, it has been easy for bystanders to accept various reports as facts. However, upon closer investigation, we discover these are nothing but rumours spread by misinformation. Let's jump in and bust some myths about cryptocurrency. Tongues Wagging Although cryptocurrency has been around for more than a decade, it only recently caught the attention of the masses and a few unfortunate events fuelled false information. Crypto technology is complicated and takes some tech know-how to understand. Because uninformed consumers showed interest in the decentralised finance (DeFi) market, opportunists tried, and in some cases succeeded, to pull the wool over people's eyes. These scammers duped people and caused vicious rumours about the industry. Fortunately, the crypto industry is much bigger than these isolated events, and the truth about DeFi is much brighter than rumours will have us believe. ✓ Myth #1 Cryptocurrency Transactions are Completely Anonymous If cryptocurrency transactions were completely anonymous, it would raise tremendous concerns for anti-money laundering and other anti-crime regulations in the financial sector. Full anonymity is as much a security threat as a lack of proper security protocols is, if not more. The blockchain technology used for cryptocurrency creation leaves a trail of information on a digital ledger. Along with the ledger records, crypto accounts require certain identification information when users sign up for an account. These are like standard KYC requirements when signing up for other digital financial accounts and include identity documents, proof of address information, and more personal details. The anonymity everyone raves about comes in with transacting. Crypto transfers from one platform to another offer anonymity because the account holder does not have to give their name and bank account details. This feature makes it an attractive option for online gamblers who worry about exposing their sensitive information. ✓ Myth #2 Bitcoin and Blockchain are One and the Same Some use cryptocurrency and blockchain interchangeably, but this is an incorrect way to refer to Bitcoin and other crypto coins. Here are a few definitions to clarify the relationship between cryptocurrency and blockchain. Blockchain: Technology that works on a decentralised digital ledger of peer-to-peer networks allowing network participants to confirm transactions. Blockchain transactions cover more than cryptocurrencies and describe how data is processed and stored. Cryptocurrency: Today, there are thousands of cryptocurrencies, and these digital or virtual currencies are secured by cryptography built on blockchains. This means it is nearly impossible to make counterfeit coins and most argue that the decentralised nature of cryptocurrency renders it immune to government interference or manipulation. Bitcoin: This was the original cryptocurrency that started it all. Since its launch in 2009, thousands of other cryptocurrencies have joined the decentralised finance market. Today, many digital coins are used for purchasing goods, while others remain a means of storing wealth. As explained above, Bitcoin and blockchain are different because Bitcoin is merely one of the results of blockchain technology. Blockchain offers an array of applications, and iGaming providers use it to provide provably casino games and more. ✓ Myth #3 Cryptocurrency is a Bubble Bound to Pop Referring to DeFi as a bubble means exuberant market behaviour that is bound to crash drives the value of crypto. Economic bubbles include fast inflation followed by swift drops in value, all happening over a relatively short period. The major characteristic of a bubble is that it pops, and the critics who still believe cryptocurrency is a bubble have been waiting for this to happen for over a decade. In reality, cryptocurrencies have experienced countless ups and downs, with Bitcoin having the longest history on the market with the biggest spikes and drops. However, crypto market values are highly volatile, and many consider any investment in digital coins speculative. Other investment professionals ascribe the oscillations of Bitcoin and other DeFi coins to the natural circumstances of a young market. Crash games like Bustabit and Space XY came to be thanks to those who enjoy the exhilarating thrill of stock markets. These games portray the spike of a bullish market, and players need to cash out before the tides turn to a bear market drop. Stock markets have always experienced rising, and crashing curves and the crypto market is no different. ✓ Myth #4 There is No Real-World Use for Crypto Because cryptocurrency exists in the digital world, many find it hard to conceive where DeFi has a place in the physical world. This concept has many believing the myth that digital coins have no real-world uses. Digital coins have trade value in some areas of the real world, but the challenge lies with which coin you choose and what you want to get in return. One Bitcoin has an extremely high value, $20,005 at the time of writing, making it difficult to purchase everyday consumables. On the other hand, countless coins with much lower market values and those pegged to fiat currency, like Tether USD and Binance USD, carry similar values to the Dollar. This has allowed service providers to accept digital coins as payment for products and services rendered. Another key aspect of digital coins is their immunity to inflation which makes some coins akin to commodities like gold. Therefore, individuals and companies have funnelled millions of dollars into Bitcoin and other cryptocurrencies to store assets. A recent addition to online gambling is crypto casinos, allowing players to deposit and withdraw cryptocurrency. ✓ Myth #5 Crypto Trading is Akin to Gambling Some critics refer to crypto trading as gambling because of the major fluctuations experienced in the market. As mentioned above, this is a natural occurrence with immature markets, and the influx of coins and stakeholders will settle at some point. Most gambling games are driven by chance, and smart gamblers play the odds. When people compare crypto trading to gambling, they might have a point that a bear market may be lurking, but it is not entirely true. Games of chance rely on random number generators to determine the outcome and trigger a win, and stock markets are far more complex and much less random. Adding cryptocurrency to your investment portfolio would mean taking a high-risk approach, but crypto trading would be more in-line with a game of skilled gambling than a slot machine. ✓ Myth #6 Some Coins have Carbon-Intensive Footprints Some members of society have massive influence, and by some, we mean Elon Musk. As the face and voice of Tesla and Space-X, the billionaire has the attention of the masses, and when he made a U-turn on his offer to accept Bitcoin for Tesla purchases, his followers paid attention. According to Musk, executives at Tesla, and environmentalists, mining Bitcoin and other digital currencies place too much stress on the electricity grid. Because digital currency is mined online and requires computer hardware for storage, the argument stands that cryptocurrency has a very high carbon footprint. The trouble with this argument is that traditional finance (TradFi) is the only current option to pay for goods and services. The electricity required in TradFi transactions requires far more carbon-intensive processes. Recent studies concluded that DeFi mining and storing is much more power efficient and environmentally friendly than gold mining and traditional banking, which includes physically printing currency. According to the Cambridge Bitcoin Electricity Consumption Index, Bitcoin mining relies greatly on alternative energy sources like solar, wind and hydro. ✓ Myth #7 Cryptocurrency is for Criminals and Anarchic Folk Another myth that keeps weary consumers away from cryptocurrency is that criminals use it for laundering money and funding crime. Others say that only conspiracy theorists who believe in coming anarchy invest in crypto. Both theories have holes, and when debated with logical facts, they crumble. The first assumption comes from the misconception that crypto traders and investors are 100% anonymous, which we addressed above. Unfortunately, there are opportunists in every part of the financial market, and invariably some criminals use whatever means they have access to for their schemes and plots. Fortunately, statistics support that many more prefer fiat currency for their dubious deeds, and even on the dark web, a fraction of the financial crimes are in cryptocurrency. As for the idea that digital currencies are only attractive to those who believe a future involving Mad Max vibes is imminent, current adoption rates crush this thought. Industry experts advise that the current rate at which consumers buy into crypto exceeds the adoption rate of the internet in its early years. The question we should rather ask is how quickly it will become mainstream. Focusing on Facts and the Future Perhaps these bring you closer to understanding what cryptocurrency is and what the future looks like with digital currency. With consumer adoption rates rising and more world leaders speaking about regulating crypto, it is clear that it is here to stay. Once we figure out how to use it to our everyday advantage, the rest will be history.
  2. Many compare investment trading with gambling, and for good reason. The stock markets can be treacherous, even on a good day, and this is truer with crypto investments. Since the first digital coin launched in 2009, decentralised currencies have exploded, and investors now have over 10,000 options in this market. So many jumped on the hyped-up bandwagon of Bitcoin that tech wizards Bill Markus and Jackson Palmer set out to create a spoof coin to poke fun at the wildly speculative investment. Much to their surprise, Dogecoin experienced massive success in its first three weeks, spawning countless other meme coins. Since Dogecoin's arrival in 2013, many altcoins joined the digital currency race, and many failed. On the other hand, Shiba Inu seems promising, and as a self-declared Doge-killer, we must inspect how the top two meme coins measure up. Meme Coins and Investment Those familiar with Decentralised Finance (DeFi) may know meme coins and understand what it is about, but to some, the concept remains foreign. If you are wondering, the name explains it all. These altcoins have images of popular memes as their logo. The creators of Dogecoin claimed the most meme-worthy dog as its symbol, hence the name. Doge memes include a quirky photo of the Japanese dog breed, Shiba Inu, with a collection of rainbow-coloured sayings like "such wow", "very concern", and more comical dog language. Following the success of Dogecoin, the crypto market now has a horde of dog-themed coins. Like other altcoins, meme coins bring scalable options to the cryptocurrency market, a feature lacking in Bitcoin. Meme coins also rely heavily on community activity and therefore need viral results to thrive. This makes it an extremely volatile investment space, and experts on either side of the fence agree investors should only buy crypto stock with money they can afford to lose. Dogecoin vs Shiba Inu As the most talked-about investment opportunities in the meme coin category are Shiba Inu and Dogecoin, we weigh the two against each other. Below, we explore key similarities and differences between the two dog meme coins and uncover the core traits of each. Then we compare them in the investment space to discover the best bet for those who want to gamble on meme coins. Similarities and Differences The most basic feature these two coins share is the animal on their logo. Both Dogecoin and Shiba Inu flaunt an image of the adorable breed behind the viral memes from the 2010s. The only difference is that the original meme coin has a cartoon version of the dog, and its rival has a modern pop-culture image of a Shiba Inu. With recognising the coins in the stock market, the logos are irrelevant. These coins trade as DOGE and SHIB, respectively. Another feature these coins share is the intention of being a peer-to-peer payment network. This means that, unlike Bitcoin, these coins have no central authority, corporate structure, or executives making crucial decisions that affect the entire network. Instead, these coins are entirely community-led. This may be where some want to take a step back and question the reliability of investments, but like all other reputable coins, the blockchain ledger is available to the public and bears the same immutable qualities. The peer-to-peer network impacts market value and causes major fluctuations, making meme coins a bad choice for novice investors. Dogecoin and Shiba Inu both fork from larger blockchain models. Although the former came into being as a satirical response to Bitcoin investments, DOGE ironically enough, forks from Litecoin which originally forked from Bitcoin. Shiba Inu runs on a different chain, namely Ethereum, which many see as an advantage. This technicality means the coins have reliable infrastructure, and both networks come with their pros and cons. ✓ Dogecoin Originally launched in 2013, Doge enjoyed huge success thanks to virality. As mentioned, the creators of Doge were making fun of the speculative nature of cryptocurrency investments, but thanks to the community in the Doge network, it reached exciting heights in the initial phase. Seems like the tech world has an appetite for humour, as the comedic meme coin reached 300% growth in its first couple of weeks of trading. Experts believe this happened because it was a very appealing way to enter the crypto market without breaking the bank. The consumer-focused approach of the new breed of altcoins attracted new investors, and soon, Doge was a genuine alternative to existing coins, like Bitcoin. Because Doge uses a similar Proof of Work (PoW) consensus mechanism as Litecoin called Scrypt (pronounced es-crypt), the currency is less energy-intensive and quicker than Bitcoin. Dogecoin has several celebrities backing it, and Elon Musk called it 'the peoples crypto' on Twitter, triggering enormous growth for Doge and other meme coins. Thanks to the low price of the coin, in stark contrast to Bitcoin, anyone can invest in Doge. Industry experts warn potential investors should be cautious when doing so. Labelled as the 'fun and friendly internet currency', Doge experiences sporadic rate changes on the stock market. At the time of writing, 1 Doge was worth $0.063. This open-source, peer-to-peer digital currency offers users a couple of advantages, like the speed of transactions. Thanks to the Scrypt algorithm, Doge creates blocks much faster than other value storage cryptocurrencies, and it is a lot more scalable than Bitcoin. The estimated time for the creation of a block is 1 minute, while Bitcoin takes 10 minutes. ✓ Shiba Inu Compared to Doge, Shib is an infant in the trading market. Created to mimic the surprising success of the original meme coin, Shiba Inu arrived on the scene in 2020. There is no reason to speculate on the inspiration behind this meme coin as the coin's creator labelled it as 'the Dogecoin killer'. While both Doge and Shib rely on community engagement and major hype from it, Shib presents its users with interesting options. Shiba Inu operates on the Ethereum blockchain, giving it an edge that Doge lacks. Apart from the community platform known as Shiba Swap, where members can trade their coins for others, Shiba users can choose from three cryptos with different applications. SHIB is the basic currency used as a medium of exchange. LEASH is a limited token; only 107,647 are available, which are used as staking rewards for those validating the currency. Lastly, investors can purchase some of the 250 million BONE coins available, which allow its owners to vote on governance proposals. Shib experienced massive growth in 2021, much like Doge, but we must point out that 1 coin is worth $0.00001017 at the time of writing. Regardless, for an investor, percentages matter and considering the 3500% gain within the first couple of days of trading, Shib is an attractive choice for traders. The low price makes it an easy option for those who want to experiment in the crypto space without losing too much if they're out of luck. Unlike Doge, Shib has no celebrity endorsements as yet. If you believe that all publicity is good publicity, we could argue that the coin burning indaba, where Ethereum's Vitalik Buterin irrevocably destroyed approximately 40% of all issued Shib and shunned the coin, was a PR stunt. It is safe to say that Shib enjoys success thanks to Doge, and only time will tell which becomes the victor. Should You Gamble on Meme Coins? As mentioned, high-risk investment trades are a gamble, and the risk is so much more with cryptocurrency markets. The truth about meme coins is that you need to understand what can topple a good trading day and stay on top of community interactions. Like with gambling, you should only use the money on crypto and meme coin investments if you can afford to lose that money. Once you understand that, there are a few things to consider before deciding on where to lay your stake. How do Doge and Shiba compare on the stock market, and which is the best choice for investors right now? What does the future hold for these dog coins? DOGE vs SHIB? Basic economics comes down to supply and demand. The relationship between these two variables determines the value of an asset, and most altcoins come with a capped supply. Doge is an exception to this rule, as the creators stuck to an authentic peer-to-peer payment system by utilising an inflationary mechanism. This helps prevent investors from holding onto massive chunks of the token and keeps costs low in the long run. Doge has a supply rate of approximately 5 billion coins a year. With a 9-year history on the market, one would think Doge has more solid backing from investors, but despite impressive gains here and there, experts remind us that meme coins have no real precedent for how their value can change. Bursts of huge gains seem to be short-lived with Doge, and it is an extremely volatile space to play in. Shib gradually clawed its way up the market ladder in the two years of its existence. It launched at a value lower than $0.00000001 because the creators needed to leave room for significant growth. Following on the coattails of Doge's remarkable gains in 2021, Shib increased in value to $0.0000036, showing a 3500% gain on investors' books. The Doge-killer reached an all-time high in October 2021 of $0.0000826, but as we pointed out, it has dropped significantly since then. Choices, Choices Considering the hype around these altcoins and how it impacts the coin's values, it is best to approach with caution when investing in meme coins. Both show promise, as Doge has been around for nearly a decade, and Shiba offers innovative options for its community. However, investors need to keep their fingers on the pulse with these communities to beat the curves. Remember that meme coins are high-risk investments, and neither Doge nor Shiba bears a 'safe investment' label. Considering the stability and track record of Doge, it may be a less risky option for investors, but Shiba has a few tricks up its sleeve that makes it a potentially good choice for growth.
  3. Reflection is key to gratitude, and hindsight sometimes generates powerful realisations and inspires innovative change. Let’s take stock of what technology and the brilliant developers in the igaming industry have given us since remote gambling first became available. Modern punters probably take most of these innovations for granted, but the truth is the past two decades have brought about massive changes for online gambling. Gambling anywhere you find yourself is a very recent development and the level of entertainment available has improved unthinkably since the 90s. Basic features like 3D graphics, animated characters, streaming, and many others are the norm in 2022, so let’s look at 8 advancements developers brought to the table since the inception of online gambling. ✓ 1. Innovations for Slot Mechanics Video slots are by far the most popular choice for online gamblers and, thanks to the popularity of these games, software providers invest intensely in their innovations. The first feature is so common today that it is virtually unthinkable that it wasn’t always there. Free Spins, and other bonus features for that matter, were not always part of online slots. Original video slots were like one-arm-bandits where punters simply clicked spin and hoped for a line win. This feature shows how far technology has brought us. From slots that have 1 line for a winning combination to Megaways that offer over 117,000 ways to win. This slot mechanic broke the mould and Big Time Gaming’s innovation ensured that the industry will never be the same again. Countless brands have since signed agreements with BTG to incorporate this popular concept into their video slots. The Megaways structure opened developers’ minds to what might be possible and this gave rise to plenty more payline innovations. Thinking outside the paylines, developers soon introduced a Cluster Pay system, where lines no longer mattered. As long as matching symbols land next to each other in cluster formations, it awards a win. This feature led to other interesting developments, like uniquely shaped slot grids. Mega Clusters are the amped-up version of cluster pays presented by BTG and combine cluster pays with split symbols. InfiniReels mechanics only recently arrived on the scene when NetEnt did what most only dreamed of. The brilliant design team developed a mechanic with infinite payways and the rules are rather straightforward. Every win generates a new reel to the right of the grid and this continues for an unlimited win sequence. ReelPlay has the same mechanic, called Infinity Reels. Yggdrasil is another team of genius developers and they brought us massive icons to spice up the reels. Gigablox can drop in sizes of 2x2, 3x3, 4x4, and humongous 6x6, taking up most of the slot grid. These symbols make winning combinations more lucrative, and other developers have since unveiled their own versions. Yggdrasil also presented Splitz where one symbol splits in two for more winning potential. With providers feeding off each other’s innovative ideas, we can go on with this list for a while, but it’s clear that slots are better than ever and players can spin their hearts out. ✓ 2. Progressive Jackpots Something the internet does for us which we may take for granted is that it brings a level of connectedness that never existed. Linking the great big world like never before brought on the wonderful thing that gamblers love, called Progressive Jackpots. These eye-watering, life-changing prizes comprise the tally of wagers in a selected game throughout the provider’s network. The progressive nature of these pots means that the prize increases with each bet placed on that game. These are not just limited to online slots and some exciting card and table games incorporate it too. The favourites include Mega Moolah, the Microgaming hit slot, Roulette Royale, and Caribbean Stud Poker. ✓ 3. Live Dealer Games Another hint that we are indeed living in the golden age of online gambling is the fact that we no longer need to visit a land-based casino to experience the thrill of human interaction. Thanks to incredible internet speed and innovative providers, we can enjoy live dealer games streamed from casino studios. Evolution Gaming is a forerunner in the Live Dealer sphere of online gambling and their games are tremendously popular. Interact with the croupier as they spin the roulette wheel, deal your hopeful 21, or flip the cards to reveal your Hold’em fate. Presenters dressed in colourful and themed attire spin the wheel of fortune for you, and punters have online social spaces to interact with peers. Live dealer technology literally brings the casino to you and they fill casino libraries with interesting takes on traditional games as developers ensure their content is unique and exciting. ✓ 4. Tournaments and Multiplayer Games If you feel you are ready to take your igaming to the next level, tournaments and multiplayer games should be on your list. Play with and against gamblers from all over the world in the best kind of social experience you will find in remote gambling. As mentioned, with live dealer games, you have the option of interacting with other players by chatting with them, but tournaments bring a more competitive edge to the table. Casino Races is one form of a tournament where players opt-in to take part in free point-based competitions. These usually run for a set time and at the end of the race, the players with the most points win cash prizes. Games included in these tournaments are usually a collection of slots and table games. Most online casinos offer blackjack and poker tournaments to seasoned players and these winner-takes-all competitions can get really exciting. ✓ 5. Mobile Gambling and Omni-Channel Gradually mobile phones became an appendix we never knew we needed but now can’t be without. The onset of HTML5 technology combined with fast internet made it possible for developers to adapt website interfaces to work seamlessly on mobile devices. Software providers then introduced omnichannel technology that allows players to move between devices on a single user profile, which is partially the reason for the mobile gambling industry boom. Mobile gambling is now the most popular way to wager, and it is strange to think that a while ago, we needed individual profiles for each device we played on. Smartphone technology allows punters to enjoy the immersive experience of live casinos, as some devices have better processors than computers, and the development of mobile gambling has made games of chance accessible to everyone. One more advantage of mobile gambling is the security it offers with payment apps that link directly to the casino and cut out the need for you to link banking details. All around, mobile technology is a massive game-changer for gambling. ✓ 6. VR Technology One of the most exciting advances in gaming is Virtual Reality and, with the looks of it, we have seen nothing yet when it comes to virtual entertainment. VR games transport players to worlds beyond our imagination and certain games will allow you to recreate yourself as an avatar. Enjoy the company of other players who take part with their virtual version of themselves and forget all about the world around you for a while. Evolution gaming incorporated this technology into one of their live games, Gonzo’s Treasure Hunt. This live game allows players to switch to VR mode, using a headset and controller, and experience the most immersive treasure hunt with the Spanish conquistador everyone loves. ✓ 7. Cryptocurrency The unprecedented growth in the online gambling sector makes it an obvious target for chancers. Electronic transactions fill the money web while players and platforms need to find the most trustworthy manner of operating the process. Although many fiat currency processes exist that are highly secure and most punters use them, the undeniable security offered by blockchain has opened the industry’s mind to cryptocurrency. Online casinos like 7Bit Casino focus solely on Bitcoin and offer remote gambling in cryptocurrency, and many top platforms encourage and reward punters for using crypto as their wagering currency of choice. Advantages include guaranteed anonymity, ease of access, and super-fast processing. Cryptocurrency is not the easiest to come by and, for this reason, many avoid it. It is also a seriously volatile currency, and this is probably why many people still think it is too risky. ✓ 8. Provably Fair Blockchain Gambling Apart from the security blockchain technology provides with payments in cryptocurrency, the node-driven tech presents a list of other advantages for igaming. A concern that some punters have is that the casino may cheat them by rigging the game software. Although it is highly unlikely for random number generator games to be rigged, provably fair blockchain technology is a lot more secure. Some Bitcoin casinos now offer players the opportunity to verify the fairness of each round of the game if they want to. Because of the nature of blockchain technology, it is immutable, in other words unchangeable, and this grants unmatched transparency with the game’s randomness. If a casino has games built on blockchain, players will have the peace of mind that it is designed to be provably fair and they can check the data should they wish to.
  4. In the history of mankind, there are those groundbreaking new innovations that spur us on to bigger and better things. These major inventions include harnessing electricity, the telephone, the motorcar, the internet and now the blockchain. Love it or hate it the development of cryptocurrencies on the blockchain has revolutionised how we view digital assets, our thinking around finance and how the world will transact for the foreseeable future. The Types of Cryptocurrencies While we have all heard of Bitcoin, Ethereum, Dogecoin and other well know crypto coins there is often some confusion when it comes to terms like decentralised cryptos, stable coins and alt coins. Here are some easy introductions to these terms: ✓True/Decentralised Cryptocurrencies When Satoshi Nakamoto first conceptualised Bitcoin his intent was to create a digital currency that would not reside on a single server but was spread across the Blockchain. This would ensure that no single country, corporation, or person could ever own it or control it. Crypto coins like Bitcoin, Ethereum, Dogecoin and others which follow this decentralised tradition by residing on the Blockchain and do not have a single controlling owner are considered by industry pundits to be “true” cryptos. ✓Alt Coins As the name denotes Alt-Coins are “alternatives to” an existing cryptocurrency. Due to the fact that blockchain and cryptocurrency code is open source, it allows anyone with the appropriate skill level to develop their own coin. Generally, an altcoin improves on one or more aspects of its original code. An example of this is Ethereum which improved on the transactional aspect of Bitcoin, allowing it to process blocks of transactions in two and a half minutes compared to Bitcoin’s much slower ten minutes per block. ✓Stable Coins Stable Coins are the type of crypto token which is the farthest removed from Satoshi’s vision for his invention for three reasons: They reside on a single server or closed series of servers They are owned and operated by single entities Its value is dictated by a fiat currency or precious metal While stable coins exist on the blockchain and offer all of its speed, security and low cost benefits they are simply the digital-only equivalents of our existing country-based currencies. Most governments around the world are in the process of developing stable coin versions of their currencies with the hopes of one day doing away with costly and short-lived paper and metal money. Visit our full guide to stablecoins for more on this interesting spin off of cryptocurrency technology. Why Crypto Gambling Is Popular With the unique way in which the blockchain stores and shares data it is the most hacker-proof system on the planet. Rather than store information in a single central location, which once cracked, gives the would-be thief full access to the data the blockchain splits it into thousands of tiny data packets. These packets of data are then spread across all the connected nodes on the internet and are each individually secured. In addition to this mind-blowing level of security the fact that it is only moving tiny bits of data around means that it can pass large volumes of information at incredibly high speeds. When applied to lightweight products like a casino deposit this means near-instant banking. Finally, the blockchain does not require you to give confirmable information to access and use it other than a personalised username and an email. It is not perfectly anonymous as there is the issue of using your internet connection (which can be addressed by the information we supplied in our guide to using a VPN for cyber security) and that purchasing Bitcoin is done via a crypto exchange like Security, speedy transactions and high levels of anonymity are some of the reasons that more players are making the move to gambling at crypto casinos. The Top 10 Cryptocurrencies To ensure that we do not fall into the trap of thinking about cryptocurrencies in a limited way we looked to CoinMarketCap to see which digital tokens are the most popular outside of our industry. Much to our delight, the online casino industry has adopted cryptos with open arms. The proof of this is that ten of the fifteen highest rated crypto coins are already in wide use by the best crypto casinos. If you are interested in gambling with Bitcoin and other leading cryptos here is a brief overview of the top 10 casino cryptos and an idea of where you can play with them: 1. Bitcoin – First Decentralised Coin As the first truly decentralised cryptocurrency Bitcoin captured the imagination of the world with its mysterious creator and incredible value growth. It not only drew attention to the potential of digital currencies but also the potential of the blockchain which has seen many industries begin to develop new and exciting innovations, tools and products that have changed the world. The first decentralised crypto coin Incredibly valuable digital asset One of the most secure currencies in the world If you would like to try your hand at playing your favourite online slots and tables games with Bitcoin, we recommend visiting Bitcoin Games casino and 22Bet casino. 2. Ethereum – Decentralised/Altcoin Ethereum is only second in terms of industry awareness and usability to Bitcoin. As a Bitcoin altcoin, Ethereum offers users the same safety and security with vastly superior processing times. Ethereum has set itself up as the “everyday driver” of cryptocurrencies processing up to 1 million transactions each day while Bitcoin only processes up to 250,000. Same secure framework as Bitcoin Ability to process up to 1,000,000 transactions per day One of the cheapest cryptos to use Ethereum’s processing power makes it incredibly popular with online casinos that offer digital token gambling. We recommend visiting Green Spin casino and Bitstarz casino to try it out for yourself. 3. Bitcoin Cash – Decentralised/Altcoin Bitcoin Cash is another Bitcoin altcoin, in this case, it was developed in 2017 from a fork of the original crypto. The benefits of Bitcoin Cash lie in its larger block size which means it is faster than BTC while capping its supply which gives it a similar asset value proposition to its progenitor. Follows the same digital asset mentality as Bitcoin Offers superior processing times as the original coin Very low fee structure If you’re looking to gamble with a cryptocurrency that is incredibly like Bitcoin but offers faster transactions, lower costs and a lower price per coin then Bitcoin Cash could be for you. Try it out today at Kosmonaut casino and 1xBit casino. 4. Cardano – Decentralised/Altcoin Cardano is the ledger that supports the independent cryptocurrency ADA. The digital coin is considered one of the leading alt-coins on the market due to its reasonable cost, widespread adoption by online businesses and incredibly cheap processing fees. Still available at a low price Uses a bespoke low-cost fee structure Widespread use by online shops and gambling sites If you are new to cryptos and want to test the waters with a usable and fairly cheap option, then you should consider buying some Cardano. You can play with it online at Fairspin casino and TrueFlip casino. 5. Tether – Stablecoin Tether is a stable coin that has anchored its value to the US dollar while still offering users the stability, processing speed and security of the blockchain. For banks, businesses, and new crypto enthusiasts it offers the benefits of the blockchain without the fear of massive price fluctuations associated with decentralised coins. Steady and predictable pricing Offers the digital security of the blockchain A popular digital currency for e-commerce We recommend trying out the benefits of cryptocurrency gambling by starting with the market stability offered by Tether. It is available at MyStake casino and Rolletto casino. 6. XRP – Decentralised/Altcoin XRP is the cryptocurrency used by products developed by Ripple Labs on the blockchain. The intent of creating XRP was not to launch the next crypto-asset like Bitcoin but to offer the community a network specifically designed to handle high volumes of digital payments Specifically designed to process high transaction volumes XRP is not mined but rather acquired through trading Ranked as one of the top 10 cryptos worldwide Test out the efficiency and processing power of the XRP network for yourself by using it as your deposit and withdrawal mechanism at both Bet Sensation casino and 1xBit casino today. 7. Dogecoin – Decentralised/Altcoin Developed a commentary on the insane prices that crypto-assets were demanding Dogecoin has positioned itself to be the ‘everyman’ cryptocurrency. Built on the Litecoin framework Dogecoin offers fantastic processing and low costs but has openly stated its supply will be unlimited ensuring none of the price spikes associated with limited-supply coins like Bitcoin. A real-life underdog story Unlimited supply manages price volatility Offers all the benefits of Litecoin Take this playful Shiba-token for a walk today by signing up at either 22Bet casino or Green Spin casino today and playing their selection of online slots, table games and arcade games. 8. USD Coin If you are a fan of innovation and new technology but are sceptical of the crazy price fluctuations of some cryptos then USDCoin could be your perfect solution. This stable coin offers all the processing and security benefits of the blockchain while guaranteeing that each USDCoin will always only cost $1.00. Price per coin will always be the equivalent of US$ 1.00 Enjoy all the benefits of the blockchain Built on the trusted and highly trafficked Ethereum framework USDCoin’s stable pricing anchor makes it the perfect cryptocurrency for players looking to move from fiat currency banking to digital banking without risking their bankroll to currency volatility. Play with it at 1XBit casino and Fairspin casino today. 9. Chainlink Chainlink is considered an Ethereum alt-coin. While it offers users all the expected speed, low costs and security of the blockchain it has the added benefit of integrating transactions that are not based on the blockchain. This is allowing people to seamlessly do business using fiat currencies with blockchain companies. Ethereum-based altcoin Seamless off-blockchain transaction processing Offer tamper-proof cross-blockchain smart contracts Test the high speeds, hack-proof security, and low fee structure of this altcoin for yourself by playing at Casino-Z and 1xSlots casino today. 10. Litecoin – Decentralised/Altcoin Litecoin is one of the early Bitcoin altcoins having been launched in 2011. In addition to offering the same anonymity and security options as its source, the developers behind Litecoin have also engineered the Lightning Network for instant global payments for everything from casino deposits to purchasing a coffee. Hack proof peer-to-peer transaction network Lightning network for instant payments Developers of Atomic Swap for cross crypto trading Try your hand at playing video slots, video poker, blackjack and more using Litecoin to deposit and withdraw at Bet Sensation casino and Green Spin casino today. How To Gamble With Cryptocurrencies Now that you are comfortable with what the differences are between the various types of coins, know a little more about the top 10 cryptos for gambling and have some idea of where to play with each of them let's talk about how to deposit and withdraw with cryptos. Despite being a groundbreaking new technology using them in practice is incredibly simple. To begin gambling with digital currencies all you need to do once you’ve joined your preferred crypto casino is follow the simple steps below: ✓How To Deposit with Crypto To make your first deposit at an online casino with cryptocurrency, plus claim the amazing welcome bonuses on offer, follow these simple steps: Step 1: Click on deposit at the top right of the page. Step 2: Select bitcoin, copy the private depositing address, and enter a relevant promo code. Step 3: Send the bitcoin to the private depositing address from your Bitcoin wallet of choice. With the speed and power of the blockchain, your first crypto deposit will be ready and waiting for you in your account within moments. ✓How To Withdraw with Crypto When it comes to cashing out your winnings the process is even more simple than making your first deposit. Follow these easy steps to withdraw your money: Step 1: Click Profile at top right of page, then click withdrawal. Step 2: Find your Bitcoin wallet address. Step 3: Select Bitcoin, enter your wallet address, the amount to be withdrawn, click withdrawal. For players who are used to waiting up to five business days for a withdrawal crypto-cash out will be mindblowing. At most, you will have to wait 15 minutes before you see your withdrawal become available in your wallet.
  5. On paper, the Asian market would appear to be one of the highest untapped online gambling markets currently in existence. It covers approximately 60% of the world’s population, boasts highly educated people with easy access to the latest technology and in many cases an impressive amount of disposable income. However, due to religious and political regions, many Asian countries hold a negative view of gambling in any form, only allowing it at land-based venues to make more money off their foreign visitors. To gain a better understanding of the specific views of major regions, what they currently allow and what developments are in the pipeline we discuss Asia under three headings: Asia’s Shining Stars: regions where gambling is thriving Diamonds in the Rough: regions most likely to allow online gambling Here Be Dragons: regions where all gambling is banned These heading refer to the region’s stance on gambling, whether they are open to online gambling or not will be discussed as part of its review. Asia’s Shining Stars While gambling faces opposition across most of Asia there are two regions where the pastime is welcome with open arms, Macau, and the Philippines. ✓Macau Macau (also correctly spelt Macao) is the hub of Asian gambling, often being referred to as the Las Vegas of East. Though while Las Vegas might have Macau beat when it comes to landmass the former Portuguese colony has been known to generate three times the revenue of Vegas, reaching nearly $30 billion in 2019. In addition to being a global tourist destination, Macau also serves as China’s gambling outlet. While gambling in China is strictly forbidden its citizens may travel to Macau to gamble without fear of reprisal. While gambling in Macau is open to all who land there the one area where there is still some resistance to online gambling. Much of this resistance is thought to be since so many Chinese business people gamble in Macau and the Chinese government concerns about controlling what its citizens do online. ✓Philippines When it comes to noteworthy eCommerce markets the Philippines is unlikely to make your top list however market research proves that this is an up and coming online sales hot spot. A recent market forecast report by Statista shows that online sales in the Philippines should surpass the $5 billion mark by the end of 2021. This sizeable investment in online retail is not purely from a small segment of big spenders. GlobalWebIndex reported that of the 110 million people living in the Philippines more than 69 million are regular internet users with 75% of those aged between 16 and 64 already active online shoppers. This bodes well for the potential of online gambling when one considers that not only does the Philippines have a well-regulated gambling economy, but it allows offshore casino operators to offer online slots and other casino games to Filipino players. There is some confusion regarding holding a Filipino license since two options are on offer. The country’s two gambling boards, the Philippine Amusement and Gaming Corporation (PAGCOR) and the Cagayan Economic Zone Authority (CEZA), each offer their own license. However, neither license allows the licensee to offer casino games within the border of the country. In an ideal world, PAGCOR and CEZA can create a joint license agreement that allows the operation of an online casino within the Philippines that can also target Filipino players. For now, offshore casinos are free to reap the benefits of the Filipino love of online shopping and entertainment. Diamonds In The Rough These Asian gambling jurisdictions may offer casino games but only under heavily restricted circumstances. While they are not free gambling markets with their proverbial “toe in the water” they are best positioned to pivot to an open-license system. ✓Hong Kong As with Macau, Hong Kong is seen as an administrative region of China. This means that while the region is afforded some level of autonomy China feels empowered to step in and change or amend laws as they see fit. This has led to Hong Kong having a thriving local gambling market where players over the age of 18 can gamble at any of the country’s approved venues. All land-based betting in Hong Kong falls under the monopoly of the Hong Kong Jockey Club. To enjoy a night playing blackjack, roulette or even the slots one will have to board a dedicated gambling cruise ship which then goes out beyond the island’s legal territory before any casino gambling can take place. Online gambling is once again heavily restricted due to China’s influence over Hong Kong. However, Hong Kong is currently undergoing a resurgence in the call for its independence from China. Should they succeed, this could see the online casino market become a key player in their financial growth. ✓India India is one of those territories that holds a lot of potential for offshore casino operators despite gambling being illegal in the country. The reason for this is their lack of clarity in formulating their laws. India’s Public Gambling Act (1867) and Prize Competition Act (1955) in no way address online gambling due to the era in which they were composed. Despite this, they are still the applicable gambling laws in the country. The government did write the Information Technology Act of 2000 into law however this fails to define either gambling or online gambling and does not specifically address whether games of chance or games of skill are legal or illegal. With a growing middle class, large scale internet penetration (specifically amongst mobile users) and a population of 1.3 billion adults (over 18 years of age) India is one of the hottest online gambling markets in the world. ✓Japan Historically gambling in Japan has been frowned upon as it was seen as a wasteful way to risk hard-earned money or property. However, in 2018 the government approved a change in the local laws which would allow for the development of three integrated casino resorts (IR). The recent plans to break ground on the first IR in Yokohama later this year came to a grinding halt when anti-casino mayoral candidate Takeharu Yamanaka won the election. However, there are still four other cities, Tokyo, Nagasaki, Osaka, and Wakayama, which are open to being the first casino resort in Japan. While it is early days for casino gambling in Japan the legalisation of a once-banned activity is a massive step in the right direction. And with casino operators such as Melco Resorts and Entertainment, Sega Sammy Holdings Inc, Shotoku Corp, and Genting, Singapore Ltd pushing the development ahead we are hopeful for the inclusion of an online casino app in their roadmap. ✓Vietnam Following Japan’s lead 2018 also saw Vietnam unexpectedly legalise betting on greyhound and horse races, begin accepting bets on soccer matches and open several land-based casinos to serve foreign visitors. The country is also currently testing the viability of allowing locals to gamble in these casinos given that they meet certain criteria such as a minimum income threshold. Given the country’s history of severely restricting gambling and punishing those who contravene its laws, this is a major breakthrough for the industry in Vietnam. While there is no specific intention to address online gambling in the immediate future, we are hopeful that the local gambling authority will view online and mobile casinos as a natural technological extension of its land-based casino development. Here Be Dragons There are several Asian territories where online gambling in any form is simply not looking to make any headway. These regions include: China Taiwan South Korea Malaysia These bastions of human rights and freedom are known to take punitive measures against citizens who gamble either online or offline, including prison time, heavy fines and even blacklisting at local financial institutions. Cryptocurrency and Gambling in Asia One of the game-changing new technologies for online gambling in restrictive Asian markets has the development and adoption of cryptocurrencies. When it comes to gambling with Bitcoin these casino fans finally have a way to get around the local government policies that block their ability to make deposits or request withdrawals when playing online. However, it is not only the those looking to circumvent local gambling regulation who are looking to Bitcoin and its peers. Asian markets that offer legal online gambling are considering the adoption of cryptocurrencies to reduce costs, offer safer and more secure gambling transactions and appeal to foreign gamblers once they leave the country and head home. It is expected that markets like the Philippines who have such an active eCommerce market could lead the way in gambling with crypto as local users begin to adopt altcoins and stable coins for daily online purchases. Where To From Here? While the road to a fully licensed and regulated Asian gambling market is a long and bumpy one there are some amazing developments with once hard locked regions opening their doors to casinos – even if only for foreign passport holders. Yet as these regions become comfortable with the idea of gambling, can prove that it does not undermine the fabric of their culture, and begins to add to the government’s coffers, there is hope for adoption to speed up. The more Asian countries become pro-gambling, the more opportunities it presents for online gambling to take hold and flourish.
  6. Exploring How Investors Are Managing Cryptocurrencies in Today's World [Survey] To save or to spend crypto? That is very much the question for many investors today. As they invest more, they are often forgoing other purchases – some of them essential. Many have even started to accumulate debt in order to buy more crypto or avoid selling it. In order to get to the bottom of what the cryptocurrency craze is really costing Americans, we spoke to 1,000 people on the topic. Crypto investors shared the amount they had, how they were financing the holding, and what they had given up in order to maintain the investment. Responses showed interesting differences across genders and generations. To see how different demographics and Americans as a whole are maintaining their crypto portfolios, keep reading. Trade-Offs for Holding On to Cryptocurrency The total cost of cryptocurrency is more than just a dollar amount. It also includes the cost of the things you can't afford to buy if you choose to keep your money invested. The first part of this study looks at how much cryptocurrency respondents are holding, on average, as well as the top things they're choosing to forgo paying for in order to hold on to that investment. Diamond hands are as expensive as they sound. On average, Americans reported currently holding $1,707 of cryptocurrency each but often admitted that they wouldn't touch that money even if a necessary bill or critical payment came up. More than 1 in 10 stopped saving for an emergency to buy crypto, while the same amount said they had skipped out on a purchase that would have genuinely improved their life. Millennials were the most likely to skip saving for their retirement or miss credit card payments to hold onto their existing crypto stashes. That said, the majority of credit card debt is currently held by Generation X, so perhaps millennials have slightly more wiggle room here. Baby boomers, though unlikely to take on debt for cryptocurrency, also had the highest average value already saved up. Affording More Cryptocurrency So how exactly did Americans come to own their roughly $1,700 worth of cryptocurrency? The next part of our study asked respondents how they purchased their crypto, how much they had to borrow, and what they plan on doing in the future to perhaps buy more. Cryptocurrency may well be one of the reasons that many Americans have credit card debt in the first place: 1 in 4 respondents said they purchased cryptocurrency with credit instead of cash. And, in spite of holding only $1,707 worth of crypto, respondents had borrowed nearly $500 more than that to afford it, whether from the bank or from friends and family. Twenty-one percent of respondents planned on accumulating consumer debt in the future to afford more cryptocurrency. The investment gender gap also appears to continue over from traditional investments into cryptocurrency. Men were planning to invest an average of $1,988 into cryptocurrency this upcoming year – $878 more than women. Men were also more likely to borrow in order to add more crypto to their personal rosters. However, while men were more likely to borrow in general, generational breakdowns show that Gen Xer and Baby boomer women had borrowed more on average than men of the same age. Reasons for Holding Respondents had clearly made some drastic financial decisions in order to stay involved with digital currencies. This part of our study asks about their reasons for doing so and the sources they were most commonly influenced by. People taking on debt or avoiding critical purchases may ultimately have the last laugh: Three-quarters of people holding on to cryptocurrency said they believed it has much more value to gain. About a third of respondents said they held on to their cryptocurrency simply to maintain a diverse portfolio. Decisions on how and when to invest were made mostly after consulting Reddit, with over a third of crypto holders getting their information there. While not all information on the site is verified, the world has recently seen the power that Reddit can have over the financial industry. The only source more influential was a single individual – Elon Musk –whose tweets have been known to impact Bitcoin greatly. In one instance, a tweet from Musk plummeted the price of Bitcoin to below $30,000 – a low for this fluctuating currency. Planning Ahead Looking forward, respondents had already laid out some cryptocurrency-related plans. Our study concludes with a look at their anticipated future actions and what they feel willing to sell in order to buy even more digital currency. On average, respondents planned on maintaining their crypto balances for another five years. That said, enormous increases in price would certainly sway a few to start selling. Overall, respondents agreed that a 61% price increase in bitcoin could cause them to sell. Baby boomers, however, had the highest threshold for selling: This generation wanted a 65% increase before they sold. Respondents were highly unwilling to sell all of their crypto, even in exchange for some pretty valuable things. Only a third said they would sell all of their crypto in exchange for a new home. Considering that the average house price in the U.S. is roughly $287,000, and the respondents we spoke to had fewer than $2,000 worth of crypto, this speaks to an incredibly high anticipated rate of return. Gen Z, however, had many respondents agreeing that they would get rid of all of their cryptocurrency if it would cover their student loan debt. Cryptocurrency Costs Respondents proved that there are more costs involved in investing in cryptocurrency than just the dollar amount. They were often investing in lieu of life-improving purchases, paying down credit card bills, or even covering medical expenses. Men and baby boomers were the most likely to borrow in order to continue financing crypto. In the future, most anticipated doubling down on aggressive decisions like these. Few would sell everything even for a new home or being able to quit their jobs. Of course, they felt their decisions were the right ones, as three-fourths said their primary motivation was an anticipation of a solid return on investment. For most, a 61% price increase would cause them to sell what they had. For others, diamond hands were the most valuable asset of all. Methodology and Limitations We surveyed 1,000 crypto investors on their behavior while investing. Among them, 60% were men, 39% were women, and 1% identified as nonbinary. For generational breakdowns, the sample sizes were: Baby boomers: 135 Generation X: 212 Millennials: 442 Generation Z: 206 Other: 5 For short, open-ended questions, outliers were removed. To help ensure that all respondents took our survey seriously, they were required to identify and correctly answer an attention-check question. These data rely on self-reporting by the respondents and are only exploratory. Issues with self-reported responses include, but aren't limited to, the following: exaggeration, selective memory, telescoping, attribution, and bias. All values are based on estimation. Fair Use Statement As the cryptocurrency conversation grows in pace and fervor, data-based information becomes more important than ever. If you or your followers would be interested in this type of information, you are welcome to share it. Just be sure your purposes are noncommercial and that you link back to this page.
  7. As lifelong fans of gambling and in particular online gambling it is fantastic to see how many countries are adopting a positive stance towards the hobby. Even if a region does not currently allow local licensing and advertising opportunities, they tend to adopt a ‘no harm, no foul’ approach which allows players to gamble at offshore casinos without any legislative requirements. In a 2021 review of the legal online gambling landscape Slotegrator reported that gambling regulation falls into one of four distinct categories: Those where gambling websites must be licensed by the local regulator (32 countries) Those where only local gaming sites need a license, not foreign sites (32 Countries) Those where online gambling is prohibited, but no legal action is taken against play at foreign sites (28 countries) Those where there are no gambling restrictions at all (93 countries) When looking at the European Union in the context of these categories is becomes clear that the majority of the member states have adopted or are investigating a multi-license regime. ✓EU Free Trade Supports Gambling Regulation For those who are unfamiliar with how the European Union works simply put it is an agreement between 27 member countries that make up most of continental Europe that aim to promote economic and political unity. As a response to the devastating impact of World War 2 on Europe, the European Economic Community (EEC) was created in 1958 to foster financial dependencies. The logic being that when countries are reliant on one another for trade the likelihood of aggression declines. According to a report by the EU Commission in 2021 “82% of products traded in the Single Market are subject to harmonised rules and some 18% of intra-EU trade in goods fall under mutual recognition”. Given that the EU free trade agreement is such a pivotal part of the makeup and longevity of the Union, online gambling became a hotly debated topic as the UK, who was still a member of the EU at the time, promoted full regulation and licensing and expected to be able to trade with its partners. Jurisdictional legislators such as Malta became highly respected markets who expected EU member states to recognise the validity of an MGA licensed casino to trade within the Union. Members that stood against regulated online gambling were seen to be contradicting the compact, and this early friction ultimately led to a burgeoning European online gambling industry. ✓EGBA Striving for Standardised Regulation As with any other multi-party endeavour one of the challenges members of the EU have had to face is how their differing definitions, requirements and even fee structures have become stumbling blocks for their peers. To assist in creating a unified logic to regulation and a set of standards the Brussels-based European Gaming and Betting Association (EGBA) was founded. “EGBA works together with national and EU regulatory authorities and other stakeholders towards a well-regulated and well-channelled online gambling market which provides a high level of consumer protection and takes into account the realities of the internet and online consumer demand.” To achieve a sustainable online gambling regime the EGBA strives to: Achieve a well-regulated and competitive market Define an ambitious set of European industry standards Build an integrity-based betting market Address betting-related match-fixing and corruption In addition to creating forums for discourse and staying on top of the day-to-day minutiae associated with tracking the gambling rulings and legislative decision making of 27 member countries the EGBA is also a founding partner of the EU Athletes program, a member of the International Betting Integrity Association (IBIA) and registered with the EU Transparency register since 2009. A July 2021 decision by the EU Commission to not reinstate the Expert Group on Online Gambling to assist regulators in coordinating their legal efforts could see the EGBA having an even more authoritative voice as it fills the role that the Commission renounced. ✓The French Gambling Legislation Interestingly enough when looking at online gambling regulation it is important not to interchange online gambling and online casino, especially if you are looking to play online slots in France. While many gambling sites will say that online casino is legal in France, they are in fact incorrect, however, it is correct to say that online gambling is legal in the country. This is because in 2010 France had a massive overhaul of its gambling law which both created the current body known as the Autorité Nationale des Jeux (ANJ) and legalised all forms of land-based gambling including casino games, card games, and sports betting. However, in an unexpected turn of events when addressing online gambling the regulation only made allowance for the licensing of online poker and online sports betting, while online games of chance remained a restricted category. ✓An Avid Gambling Community Despite the exclusion of online slots and other casino games, online gambling has flourished in France with La Française des Jeux (FDJ) being responsible for betting and lottery games, while Pari Mutuel Urbain (PMU) is specifically responsible for horse racing. The Q2 2021 report by BusinessWire on the financial results of the FDJ reported that the “digitalised and online stakes” showed an impressive 70% growth over its Q1 results reaching €1.1 billion in revenue from stakes of €9.2 billion. Stéphane Pallez, Chairwoman and CEO of FDJ, said: “Our stakes are increasing, both online and in our point-of-sale network. Over the half-year, we accordingly recorded an increase of nearly 9% in revenue compared with the same period in 2019. Barring new restrictions in response to developments in the health situation, the Group expects to maintain good momentum in the second half and is confident in its business and results prospects in accordance with its responsible gaming model.” These reports show that the FDJ’s online performance is tracking perfectly for the body to achieve its target of €2.2 billion for the year. Market analysts expect this to come from just over €19 billion in stakes. However, the growth in both player stakes and overall revenue for France’s online gambling market has raised the question of whether their reasoning for excluding online gambling was genuine. When the regulations were announced in 2010 ARJEL argued that games of chance held too high a risk of gambling addiction. That games like slot machines encouraged high engagement and participation, something they then claimed to be looking to actively discourage. However, with the €9.2 billion in stakes over six months it proves French gamblers are an engaged and active community. Despite numerous calls in recent years for other EU member states to open their borders to regulated online gambling, to protect locals and actively participate in the free trade compact France has silently refused to budge on the issue, deflecting the conversation around casino games to a discussion of regulated online gambling instead. In a decision that further confuses the matter, France declared that its citizens may gamble at international offshore casinos. Yet this puts them at risk of playing with casinos who do not adhere to EU safer gambling standards, reduces channelisation by not offering a casino game option for slots players, and driving revenues offshore which could be funnelled into programs that would uplift the French community such education programs and compulsive disorder treatment centres. ✓The Bitcoin Casino Stumbling Block France is one of the most progressive nations in the world and as such has been at the forefront of cryptocurrency adoption. The French are proud HODLERs with nearly 4% of the population owning Bitcoin, Ethereum and other digital tokens. Unsurprisingly the lion’s share of this ownership sits with wealthy, tech-savvy men and women in their late mid-twenties to mid-thirties. It should come as no surprise then that in the absence of regulation making online casino gambling illegal a large portion of the French casino market is turning to Bitcoin casinos. Not only do they get to engage in leading online slots and tables games, but they stand the chance to withdraw even more of the valuable cryptocurrency in the process. However, July 13th saw a Parisian court rule that French ISPs had to block local users from accessing two cryptocurrency gambling sites. The ruling came of the back of a decision to hand over cryptocurrency regulations to Autorité des Marchés Financiers (AMF), a securities watchdog with a specific brief to manage digital currency exchanges in the region. In this case while the casino games themselves were not the issue the ability to buy and sell cryptocurrencies in an unregulated marketplace saw the AMF flex its muscle and once again limit French players access to online casino entertainment. Once again, sane minds argue that if France would extend its current online gambling legislation to include online casino games, they could offer local players access to a secure crypto-exchange and secure a valuable revenue resource in the process.
  8. A few short years ago no one in the world understood what digital currency was let alone how it would one day change the world. Yet today discussions around Bitcoin price hikes, Dogecoin as a meme token, the impact of cryptocurrency mining on both graphic card prices and the environment are dinner table chatter around the world. As an industry where speed of processing, data security and the potential for large financial transactions are central to its day to day running the online gambling market has been heavily invested in the development of blockchain technology and the adoption of cryptocurrencies. In this article, we will delve into what separates an online casino from a cryptocurrency casino. Are there tangible benefits? What are the challenges? Can you legally gamble using cryptocurrency and what games can you enjoy? Online Casino vs Crypto Casino – The Provably Fair Difference In recent years, the line between a blockchain casino and a casino that accepts cryptocurrency payments such as Bitcoin has blurred the definition of what a “crypto casino” is. There is an increasing number of online casinos that have begun accepting deposits and will honour withdrawals via your cryptocurrency wallet. Allowing you to gamble at their casino with credits purchased via Bitcoin, Ethereum or whichever token they accept. However, a true crypto casino does far more than just trade Bitcoin for casino credits. These casinos operate on the blockchain themselves. Their websites, their games, your personal information and ultimately your wagers are placed directly on the blockchain meaning it is all protected by the most advanced encryption platform known today. With the unique hash records available when processing transactions on the blockchain, the same technology used to verify Bitcoin transactions, you can track the validity of the outcome of each game you play at a crypto casino. This system of Provably Fair gaming puts the power to review every hand of blackjack, every spin of the reels and every roll of the dice in Craps and verify that the outcome you were shown is true and unaltered by any third party interference. A great example of this Bitcoin.com which now offers casino games on its platform, that is as close the source as one can hope to get when gambling with BTC. Advantages of Crypto Gambling – Count the Cost In any scenario where you are investing your time and money, both precious commodities, we always recommend looking at the facts and making a reasoned decision from there. The advantages of crypto casinos are: Unparalleled security – Given the virtually impenetrable nature of the blockchain it offers gamblers unprecedented levels of privacy and data protection. Less intrusive experience – When transacting via the blockchain the code behind your wallet is what is needed to complete a transaction. In this case gambling at a true crypto casino will require very little personal information from you to sign up and no additional KYC documentation when you cash out. Transactional transparency – The peer to peer nature of the blockchain ensures that you have a full view of who you send money to and receive it from, as well as giving you access to Provably Fair reviews of the individual games you play. Growing selection of licensed casinos – As Bitcoin continues to pave the way for mainstream adoption of cryptocurrencies so more regulated markets are beginning to accept cryptocurrencies. This ensures you all the benefits of virtual currency gambling with the support of player-centric gambling authorities. Superior banking options – The low costs, advanced security and unmatched processing speeds of cryptocurrencies make them the superior option when transacting online. However, as more casinos accept Bitcoin and other virtual currencies you still have access to web wallets and credit card transactions if you want them. Better payout percentages – With the low cost of operating an online casino on the blockchain and other revenue generation models for operators that include using the power of gambling transactions to mine for tokens blockchain casinos can offer overall payout percentages of up to 99%. This is far better than 93% to 97% offered by traditional online casinos. Casino game selection – Gambling on the blockchain no longer limits you to playing special blockchain games with poor graphics and limited animations. The world’s leading developers like Big Time Gaming now develop for the blockchain offering great casino games for true crypto casinos. Accessing traditional online casinos which transact in Bitcoin means you have access to award-winning slots and live dealer games from providers like Evolution and Netent. When it comes to shifting your online gambling from a known and trusted online casino to a new crypto casino it is worth digging into the pros and cons of the move and making a decision based on a balanced review of the facts and your personal needs. Choosing a Crypto Casino – Hot Button Items When discussing crypto-based casinos with our community and finding out from them what their most important selection criteria were for choosing a new online casino the following points were the most common across the board: Can I trust the casino to pay me? Will they find excuses to delay my payment? How safe is my information? Do they offer good bonuses? When it comes to finding a trustworthy online casino to play at the addition of cryptocurrencies to a casino is in fact an extraordinarily strong trust cue. With the total transparency and Provable Fair nature of the blockchain, these casinos are more exposed to their players than any traditional online casino. When you consider that you can also play at a regulated casino in Bitcoin you have added another layer of security as now have a safe technology platform and a stringent gaming authority both protecting you. The speed with which you can withdraw your winnings has always been a hot topic for online gamblers. Looking at the FAQs of leading cryptocurrency casinos like Bitstarz, BitCasino and Bitcoin Games Casino they all offer instant withdrawals. The protection of your personal and financial information is of paramount importance to all reputable online casinos. In this case, it becomes a matter of degrees; online casinos are as secure as banks when they utilise 128-bit SSL encryption but the blockchain is objectively the superior encryption method and so blockchain-based casinos will always be the safer option. At their core, the types of bonuses you receive at online casinos and cryptocurrency casinos will be the same either deposit match offers, free bonus credits or free spins. However, you may find the wagering requirements less stringent at crypto sites and their overall payout percentages higher which could mean you stand to withdraw more at a crypto casino on paper, but only Lady Luck knows where those chips will fall. Licensing and Regulation – Does it Matter for Crypto? No matter what your preferred gambling platform is, even when playing offline, there is no substitute for the peace of mind that gambling under a globally recognised regulator brings. They are far more than just a marketing watchdog that rakes in licensing fees. These gaming authorities ensure that operators have sufficient funds to pay your withdrawals, manage national safe gambling programs, require license holders to have their business practices reviewed by third-party auditors and work with law enforcement to shut down illegal operations. Adding the technology-based protections inherent to the blockchain to this substantial jurisdictional protection ensures that you have the safest and potentially profitable online gambling experience possible. In Conclusion With the advancements made in the online gambling services available on the blockchain, it is a good time to see if at the very least your current online casino accounts offer the option to transact in Bitcoin or other cryptocurrencies. If you live in a regulated gambling market that has approved Bitcoin gambling it is worth adding the added protection provided by the blockchain to the security you already experience under your current legislation. Cryptocurrencies are growing in mainstream adoption so getting to grips with this technical and financial phenomenon through a medium you already enjoy, online gambling, is an easy way to luddite to crypto-pro!
  9. When Satoshi Nakamoto penned his now revered whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008 it was taken as nothing more than the ravings of an anti-establishment nut by those who bothered to take note. For the most part, the idea of an electronic financial system, run by the people and for the people, free from government oversight and unshackled from the established banking infrastructure was pure fantasy. However, as with most bleeding-edge technologies that hold any real value one of three sectors will drive its progress: the war machine, the adult industry, or the criminal underground. Even in the world of gambling, this trinity of progress holds true. The history of land-based gambling is rife with stories of mobsters and gangsters; however, the business has matured into a legitimate gambling entertainment industry. The internet was developed and nurtured by governments intent of its data transmission potential, something vital to national security measures and in gaining an advantage in times of war. This new technology received funding and was driven into the mainstream by the adult industry as its need to store and transmit high-resolution images and video files became central to how it operated online. Whether you support or appreciate any of these individual building blocks is irrelevant. The reality is that we all benefit from the advancement and adoption of high-speed internet, data storage technology and high-resolution streaming available to us today – be it watching content on YouTube or playing Live Dealer casino games at your favourite mobile casino. Silk Road’s Rough Edges One of the early adopters of the then fledgling decentralised cryptocurrency Bitcoin was a 26 year old Penn State graduate, Ross Ulbricht. During his studies Ulbricht became enamoured with the economic musings of the libertarian economist Ludwig von Mises. Investopedia describes von Mises as: “… an economist of the Austrian school who argued for free markets and against socialism, interventionism, and government manipulation of money.” Confronted with the potential of Bitcoin, full of passion and head knowledge, swayed by the outlandish teachings of an expert, and confronted with a once in a lifetime opportunity to make difference in the world of finance and market economies Ulbricht leapt without thinking… and in 2011 he landed on the idea of Silk Road. In a recorded call with Bitcoin Magazine Ulbricht said: “I thought with Bitcoin, I could try and do something that actually makes a difference— Back then, I was impatient. I rushed ahead with my first idea, which was Silk Road… That’s a 26-year-old who thinks he has to save the world before someone beats him to it. I had no idea Silk Road would work, but now we all know it caught on.” In concept it a great idea, the perfect digital resistance to world full of government dominance and financial strangulation. A truly free and unfettered marketplace where buyers and sellers can transact using Bitcoin without Big Brother tracking their every move. The sad reality is free from restraint and needing specialised skills to enter this new decentralised world it was the criminal element that attached itself to his new venture, not the everyman that he believed would be best served by it. And it would be this element that would be his downfall. Duality of Decentralisation Conceptually the free market economy of Silk Road was a great idea and a practical way to prove the potential of decentralised currencies. You can sell your property, skills, and goods free of excessive fees and taxes. Restraints of goods and materials that exist only because of the squabbles of politicians can be sidestepped in the name of the greater good. The flip side to this altruistic coin is that profit is the real driving force in any economic environment and there is no denying the amount of money behind organised crime. Where Silk Road had the potential to do good, the charges brought against Ulbricht tell a quite different story. Ulbricht, who operated under the moniker “Dread Pirate Roberts”, was arrested in 2013 for creating and maintaining a darknet marketplace which facilitated: The sale of illegal narcotics The sale of stolen weapons Murder-for-hire contracts While Ulbricht never personally traded in drugs or firearms and was never connected to any provable assassination contracts, he ran the empire that brokered the relationships and financial transactions that made these possible. Not only did he facilitate these illicit transactions, but Silk Road took a percentage of the cost of the transaction meaning he benefited directly from each contract. Silk Road is recorded as having generated $213.9 million in sales during its two-year run which meant $13.2 million in commissions for Ulbricht. While many of his supporters cry foul, lumping Ulbricht in with the likes of infamous whistleblower Edward Snowden, Ulbricht’s laptop was shown to hold millions of words in conversations between Ulbricht and his team discussing the types of sales available on the site. Proving he knowingly profited from illegal and even life-threatening activities. What may have begun as an altruistic movement sadly ended up being nothing more than a highly profitable criminal platform. One that has seen Ulbricht sentenced to two-life terms plus forty years without the possibility of parole. The Power of a Maturate Market The world we are in today seems incredibly far removed from the wild times that saw the meteoric rise and fall of Silk Road. Discussions around cryptocurrencies like Bitcoin, Ethereum, Dogecoin and many others are part of daily life. The need for specialised access to tools like Tor browsers and access to the dark web is virtually non-existent as exchanges have simplified the buying and selling of cryptocurrencies, and mainstream financial institutions begin to offer crypto investment options as part of the portfolios. Even the adoption of stablecoin methodologies by world governments in the pursuit of the creation and institutionalisation of digital currencies such as the digital Yuan and digital Dollar is proof that blockchain technology is changing the world. For the online gambling community, this means even faster and more secure banking options, instant withdrawals of winnings and the highest possible levels of data security for your personal information. While Nakamoto’s vision of a global financial system free from restraint and control by external parties may one day come into being, where we are right now is a good place to be. We have a groundbreaking technology that is changing the world by allowing unbanked and poor countries to transact internationally in order to feed families and save lives, it is creating the potential for a new trade paradigm not dominated by the US dollar and it is doing so in the public domain, where the global community is learning and growing together.
  10. The world of finance, investment and technology was irrevocably transformed with the invention of blockchain technology and the subsequent development of cryptocurrencies. For the first time, the world was offered a new way of storing data, securing information, and transacting that did not rely on the existing system that put the power and most of the profits in the hands of middlemen. As blockchain adoption grows and the general populace begin to understand the pros and cons of cryptocurrencies it is becoming apparent that a daily digital currency is needed, and stablecoin could very well be the answer. Clarifying What Stablecoin Is Stablecoin is the future of global monetary systems are they represent the best use of blockchain and crypto-technology while offering countries a stable digital currency devoid of the fluctuations prevalent in decentralised investment currencies. YouHolder clearly defines this new variant of cryptocurrency as: “A stablecoin is a currency pegged to another asset and acts as a practical way of using cryptocurrencies while being stable, secure, and convenient for transactions avoiding the highly volatile nature of traditional cryptocurrencies.” By building a daily use token on the same security, provability, and smart contracts as Bitcoin, Ethereum and Dogecoin a country can seamlessly convert its paper money into a digital version that retains its local commercial value but offers far more benefits and security to the user. What Collateral Secures Stablecoin? The stability of stablecoin tokens is ensured by basing the value of the coin on one of the following asset types: An existing fiat currency – Simply put these are virtual currencies that base their value on a one-to-one exchange with an existing fiat currency. An example of this would be the Digital Dollar where one Digital Dollar is worth one US dollar. Precious metals – These stablecoin tokens base their value on the store of precious metals like gold and fluctuate their token value based on the price of a predetermined mineral. Other cryptocurrencies – While this is less common there are some tokens that base their value on the value of the cryptocurrency platform they are built on. This is seen with stablecoin’s using the Ethereum platform. Collateral free coins – Coins that become official government tender would fall into this category. These tokens are not valued based on a fiat currency or asset but draw their value from being the Central Banks monetary offering for that country. Why Bitcoin is Not a Stablecoin The reality of this new technology is that decentralised investment products such as Bitcoin, while they hold the allure of a modern-day gold rush, are not able to effectively function as a day-to-day transaction method. This is due primarily to the extreme volatility of Bitcoin and its peers, volatility which is driven by limited supply and the impact of public opinion on its perceived value. It is this low volume and reliance of market opinion that allows Tweets by Elon Musk to crash Bitcoin’s value by 30% in a single day. Stablecoin, however, combines the technological benefits of crypto-technology with the inherent stability associated with a centralised currency backed by a tangible asset such as gold, art, or even a fiat currency like the US dollar or Euro. Stablecoin is the Future of Global Economies At present there are several countries that are invested in launching a digital version of their local currency to advance the adoption of this new technology: Dubai – While Dubai does not consider Bitcoin legal tender it has launched its own cryptocurrency, DubaiCoin (DBIX). DubaiCoin is expected to become the regional method of transacting both locally and globally, with Dubai intending to become the “first blockchain-powered government”. America – The non-profit Digital Dollar Project is testing several programs over the coming year to help the country launch its Central Bank Digital Currency. It will become the official form in which the Centra Bank issues money to citizens and for trade. China – The Chinese government is rolling out the Digital Currency Electronic Payment (DC/EP) system, which is essentially a digital Yuan. The project is Beijing’s attempt to protect their “currency sovereignty and legal currency status” while creating a trade environment not dominated by the US dollar. Russia – The Digital Ruble prototype is set to launch late in 2021 and based on user and central bank feedback is being eyed to become Russia’s primary currency within three years. India – While India is aggressively anti-Bitcoin, the Reserve Bank of India (RBI) announced that it is currently developing an official digital currency for the country which will be regulated by the central bank. The pressing need for many countries is to facilitate buying and selling on a micro and macro scale without the need for paper money. There are several reasons for this need including secure trading in a world where hacking and digital theft are commonplace, instant international financial transactions, massive reduction in the cost of local and international banking, tracking, and reporting on all transactions on the network, being able to move away from maintaining a physical cash ecosystem and finally the health benefits of contactless transactions in a post-Covid world. How Can You Use Stablecoin in Daily Life While country-level currencies are a high-end use case for stablecoin technology here are some of the day-to-day uses of this unique token: Paying your rent and buying groceries Sending money overseas to family Easily paying for goods when travelling abroad Legal gambling in regulated markets Investing locally and internationally Paying for medical costs Given how the blockchain works it would also be possible for transacting with an approved central currency to mine the blockchain for cryptocurrencies. Rather than the current interest system using the network would reward you with more crypto. Cryptocurrencies and the Environment The surge in value and subsequent interest in cryptocurrency led to concerns over the environmental impact of the technology. Primarily concerns have centred around: Increased drain on electrical grids Burning through large quantities of fossil fuels Massive volumes of carbon emissions To put some of these concerns in perspective, Bitcoin mining alone uses more electricity in a year than the whole of the Netherlands for the same time period. While this negative attention did cause a dramatic decline in cryptocurrency values it has also been the driving force behind the mobilisation of crypto miners in pursuit of sustainable and renewable crypto mining. This initiative is being spearheaded by Elon Musk (Tesla) and Michael Saylor (MicroStrategy) who formed the Bitcoin Mining Council with the intention of addressing “climate issues and decentralisation”.
  11. While the news cycle is filled with talk of cryptocurrencies such a Bitcoin, Ethereum, Cardano and even meme-tokens like Dogecoin and Shiba Inu, truly little of the media hype focuses on the real star of the show, blockchain technology. In many people's minds cryptocurrency and the blockchain are the same thing, which is not the case. The innovative way in which the blockchain stores, transmits and ultimately secures data is the foundational element upon which crypto-technology is built. In practical terms, while the mainstream media has been focusing on the cryptocurrencies and their incredible immediate financial value, development firms have been quietly working on using this amazing new technology to create new industries and improve existing ones. 7 Ways Blockchain Technology Will Improve Your Life There are hundreds if not thousands of ways in which blockchain tech can be used to refine and redefine the world around us. We have chosen to focus on seven industries that will benefit from blockchain integration based on recent developments or news stories. ✓Value-Driven Arts and Entertainment Piracy has never been easier thanks to the ability to scan, print and share just about any type of media online easily. This has led to ‘one of a kind’ artworks ending up as cheap prints on everything from mousepads to children’s toys. Artists are unable to protect their intellectual property rights and it has a measurable impact on their bottom line. Whether you are self-publishing a novel, realising a new album or creating your perfect painting once you release it into the world someone will make an illegal copy and try to profit from your skill and hard work. Thanks to the incredible security, peer-to-peer sharing and provable nature of blockchain interactions artists are now able to securely display, share and sell their creations safely, and when dealing with a third-party agent, transparently to ensure they receive full value. This new level of trust and transparency has been the catalyst behind the boom in NFT (non-fungible token) art sales. Where, for the first time in history, it is possible to provably own an original digital creation. This ensures that the artist receives fair value, agents must deal fairly with buyers and sellers and collectors are ensured that their purchase will retain value given the ability to legally prove theirs is the original artwork and not a fake. ✓Beating Scalpers with Digital Ticketing and Sales One of the most recent uproars online has been the rise of the digital scalper. Using blockchain technology to ensure patrons received tickets to highly sought after events, rather than scalpers, has proven to be highly effective for the Adrienne Arsht Center for the Performing Arts in Florida. Assistant Vice President, Business Intelligence, Nicole Keating said: “While our work with True Tickets began as an initiative to keep tickets in the hands of our community and out of the hands of brokers, their mobile ticketing solution is, now more than ever, a critical component of our safety protocols.” An unexpected but positive spin-off has been their ability to offer contactless ticketing in a world recovering from the pandemic. Sadly, the reach of the scalping community has not been limited to ticket sales for events, as new age scalpers apply sophisticated algorithms to tracking the online releases of everything from the latest Nike trainers to NVidia’s 3000 series graphics cards. Using automated bots, these scalpers buy up all the available stock within seconds which then creates an artificial shortage. As has been the case with the release of Nvidia’s highly anticipated 3000 series GPU’s this has resulted in ‘resellers’ asking as much as $3000 for a graphics card that retails for $699. With a simple tweak of the blockchain code used by event hubs such as the Arsht Center, online retailers would be able to trigger individual smart contracts that ensured that each individual unit of a product sold online was going to an actual customer and not a platform looking to defraud the public. ✓Advancing the Potential of Ridesharing Despite being raised to never get in cars with stranger the cost-effectiveness of ridesharing combined with the ease of hailing a ride on short notice has seen the industry boom with start-ups like Uber and Lyft becoming multi-billion dollar companies while consisting of little more than some fairly basic technology, an app, and a control office. Yet the industry could be far more than what it is, and Arcade City is out to prove it. The innovative new rideshare hub is turning the industry on its head and using blockchain technology to do so. Inspired by the decentralised nature of the blockchain Arcade City CEO Christopher David began working on a model that better served the drivers and the people ordering their services. Rather than pre-setting rates and doling out contracts Arcade City allows the drivers to set their own rates, build recurring smart contract agreements with customers and even offer non-traditional rideshare services like deliveries, roadside assistance and more. This means that everyone from a student looking to work between classes and a small delivery business owner who needs additional income to pay his staff can all benefit from this decentralised blockchain-enabled opportunity. ✓Streamlined Banking Systems To decentralised currency evangelists the mainstream banking may be anathema, however, the reality is that the entire world runs on fiat currency systems and is underpinned by these traditional institutions. Three immediate areas that the blockchain could address are: Online identity verification systems – With the institution of protocols like Zero Knowledge Proof, an online user would only need to prove their identity at a single point. From there on that proof of identity is accepted by all other service providers on the blockchain. This reduces how far one’s personal data is shared enhancing your privacy, while still offering service providers and sellers the security of doing business with a trusted party. Financial clearing and payment settlements – With provable accounts, smart contracts, and the speed of transacting across the blockchain banks could begin to clear transactions and facilitate near instant global transfers while reducing costs by eliminating the multi-step processes that currently exist. Providing accounts for the unbanked – In poorer countries around the world there are estimated to be more than 2 billion people without access to any form of banking. Decentralised blockchain banking would allow secure, low cost, access for these people and allow them to receive international income to support their families and fight poverty. At its core banking is the simply the control, measurement, and facilitation of asset transfers between various private and public entities it can benefit greatly from the inherently secure and provable nature of blockchain transactions. The three items listed above are considered standard in any blockchain transaction, yet they would be revolutionary if applied to the traditional banking world. ✓New Era of Blockchain-Driven Advertising The World Federation of Advertisers (WFA) postulates that by 2025 click fraud and other underhand tactics will have cost the digital advertising industry as much as $50 billion in lost revenues. Like every other industry the online advertising world is rife with fraudsters. The reality is that as soon as you hand over funds to a third party for access to a framework that obfuscates its mechanics you open yourself up to being taken advantage of. This becomes more likely the more you spend as it becomes less tenable to track each individual advertiser and their click data the more providers you must engage to meet your ad spend requirements. However, this is all null and void when the programmatic advertising platform is built on the blockchain. As all agreements are facilitated by smart contracts and each transaction is visible in its entirety to the person paying for the traffic it is simple to determine where your money is being allocated and to review the clicks that you have purchased. This will make click fraud incredibly difficult to facilitate, and should some genius work out how to do it, you have the visibility and the tools to shut it down immediately. ✓Voting in The People’s Choice The right to vote is the backbone of every democratic society around the globe. Yet, as the allegations of Russian tampering that clouded Donald Trump’s presidential term proved there is a level of distrust around traditional voting mechanics, their controls, and their final outcomes. As we discussed earlier with banking and online advertising the blockchain’s very construction ensures the secure transmission of data, offers the ability to prove the identity of each individual participating in the transaction, and finally offers provably fair data based on the information it has gathered. In practical terms this would allow for voters to be registered in an uncrackable blockchain database, using smart contracts allow them to vote privately and securely for their chosen politician, and finally allow the electoral body to report on who received what number of votes. The blockchain is the ideal platform for facilitating free, fair and unhackable democratically sound elections. ✓Safe and Secure Online Gambling As passionate fans of the online gambling community we cannot overlook to the benefits and advantages of blockchain gaming. Beyond the ability to stake wagers via Bitcoin and other cryptocurrencies the blockchain is the ideal platform for hosting online casinos, online poker rooms, online bingo halls and sports books. Any blockchain-based gambling providers ensures: Your privacy – With the ability to store your data in an uncrackable decentralised environment your personal details and gambling history are guaranteed to be safe and secure. Provably fair gambling – The transparent nature of blockchain coding means that you can pull the server side results of each spin of the reels or deal of the cards. All blockchain-based casinos offer provably fair reports, so you have an obstructed view of your wagers and their outcomes. Secure money in and money out – Using blockchain based digital wallets to transact ensure that not only are your deposits processed instantly but they are untraceable. The same is true of your withdrawals as there is no delay in receiving your winnings once you cash out, and with the funds returning to the same secure wallet you deposited from they are also private. We can only hope that larger developers like Microgaming, Playtech and NetEnt begin to invest in transitioning their casino games from traditional gambling environments to blockchain based servers. While there is obviously a financial implication to this type of new technology shift there is no disputing that as blockchain adoption increases traditional server and hosting platforms will begin to diminish in favour of one that offers security, privacy, lower costs, and much higher speeds.
  12. Online gambling has been around for close to three decades now and has evolved and grown immensely over that time. Enhancements in technology have been one of the biggest motivating factors for these changes, coupled together with the demands from the player-base for increased innovation in keeping with these modern conveniences. The perfect example of this trend playing out can be found in the call for a mobile gambling market. Did you know? The first mobile gambling venture in the UK (the biggest iGaming market in Europe) was a mobile lottery, which launched in 2003. One of the most significant evolutions happening at the moment is the increased growth and influence of the cryptocurrency market. The popularity of crypto casinos is on the rise, thanks to the increasing technology in the blockchain world – a world dominated by a millennial generation that is comfortable adapting to fresh technology and ideas. In fact, they demand it! Because the future is in the hands of the current generation, tomorrow’s gambling market must evolve to meet their needs and desires, or it will die out. Current data suggests that sub-40-year-olds are not as drawn to mainstream casino games as older generations are and are more prone to enjoy the latest social gaming innovations from the crypto space. What is the Winning Recipe for the Future? To understand the future for crypto and general online casino gaming, we need to understand the subtle changes that are happening in the market right now. These are indicating factors of where the gambling market is going. Currently, all the communicating factors point towards the position that strong ‘’digital community’’ values are at the heart of this current and up-and-coming generation of players. Interaction online is becoming a major trend across various markets. Just look at a few of the obvious examples around us. Social Media Social media platforms like Facebook, Instagram, and Twitter are bigger than ever before and newcomer, TikTok, is making big waves. Billions of people use these applications daily to reach out to their friends and the greater world. Quick Fact: Facebook is the largest social media platform in the world. It boasts a massive 2.8 billion active users in the first quarter of 2021. These platforms provide the perfect setting for a digital communal environment. People can find their voice and link themselves to special interest groups and communicate with friends across the span of the globe in a matter of seconds. The social media craze is a real indicator that the current generation is a fan of digital community qualities. The Latest Video Gaming Crazes While single-player games were a lot of fun for those over 35 years of age when they were growing up, this is no longer the case. Today the most popular games in the world are all multi-player options. Games such as Roblox, Fortnite, Call of Duty: Warzone, and Apex Legends draw millions of players around the world daily. All the pre-mentioned gaming brands have one thing in common – they are multi-player based. In fact, Fortnite, Warzone, and Apex Legends are all Battle Royale type games, meaning that players can team up with others to compete against other player-based teams. Technology like Discord and other team chat software applications even allow the gamers to talk to each other while playing. Why are these multi-player titles the most popular games right now? Because they all offer a social environment where people can interact with others. It seems like common sense that players exposed to such gaming environments would seek similar or better-quality gaming interactions when they graduate to the gambling sphere. ✓ The E-sports Boom One of the fastest-growing digital industries at the moment is e-gaming. This immerging market not only harnesses the qualities of one-on-one competition but affords fans the option to bet on the outcomes of the games. While e-sport is in its infancy, educated estimates predict that this fresh and fast-paced gaming market should reach a capitalisation of around $13 billion by 2025. Once again, the driving influence for this popular digital sport form is the fact that players compete against each other for a shot at the prize. In many games (like FIFA), each side can comprise of multiple gamers. It is no longer as thrilling to compete against a machine as it is to take on your peers head-to-head. It seems that even in the world of machines and high-end tech that basic human qualities will endure, albeit that the social trends are a little different from the norms of generations gone by. ✓ Live Casino and Poker Trends Closer to home, two of the quickest growing game options at online casinos are online poker rooms and live dealer games. Evolution Gaming has taken the world by storm and is a heavyweight in international gambling circles. They just recently acquired gaming giant, NetEnt, for a massive sum. The recipe behind the company’s success has been its ability to join real people together in a casino environment for a common cause. The social interaction involved makes live table games and gameshow titles very popular. Virtual table game libraries are shrinking on casino sites while live game portfolios are growing. Did you know? Trends amongst younger gamblers show that live casino games such as Live Monopoly, and other such gameshow titles are firm favourites in the live dealer marketplace. Online poker similarly offers a social aspect to the game. While the dealers are not visible via stream, multiple players can take seats at the virtual tables and interact via a live chat tool. Online poker has exploded thanks to fabulous social poker sites like PokerStars. ✓ The Outcome The simple fact is that the current generation loves technology and can spend hours lost in the digital realms. However, they remain human and therefore crave interaction as social beings. A platform that can combine this form of entertainment with the necessary interaction qualities is onto the winning solution for the future. Up until now, the crypto casino world has done a sterling job in identifying this need and working towards placating its punters. Why Does Crypto = Community? There are few good reasons why cryptocurrency and crypto casinos are on the cutting edge of the social gambling trend and why they are community-friendly. These include: Multi-Player Games: There are a number of casino games coming from the decentralised market that focus on multi-player playability. They are extremely popular. As a relatively new tech in casino realms, blockchain-based casinos are usually frequented by younger players. Power to the People: Decentralised blockchain technology removes the need for a trusted middleman. This ideology directly empowers the people and encourages person-to-person interaction and trade. It implements a return to a more basic and personal way of life. Us against the world: The crypto world is very misunderstood and often shunned by mainstream finance, much like the current millennial generation is misunderstood by the ‘boomers’ who have gone before it. Both the platform and the people have an ‘’us versus the world’’ outlook on life. A common cause is usually a great unifier and brings communities closer together. One thing we can learn from crypto is that the next generation is eager for change. A change that sees a move away from isolated gaming experiences and embraces a more social and inclusive environment. What We Hope to See Soon The crypto realms are already on the right path and are quite likely to lead the way ahead. This is what we hope to see happening soon. ✓ More Innovative Multi-Player Games Now that we know what the industry needs to attract the next generation, we hope to see more and more mainstream and blockchain-based game providers introduce such games into the marketplace. Spearhead Gaming’s debut arcade/gambling game, Astroboomers: To the Moon, is a classic example of the type of entertainment we need to attract the up-and-coming player base. We also hope to see advanced mechanisms for players to share their accolades and wins within groups and special social media platforms. This alone provides great incentives for more competitive player types. ✓ Increased Usability at Crypto Casinos The practical issues involving high costs for microtransactions need solving to bring the crypto casino market to its full potential. Quick Fact: Ethereum launched a second blockchain platform called ‘’Ethereum 2.0’’ to try and solve the high transaction fee dilemma facing the usability of Ether for smaller transactions. Right now, decentralised blockchains cater better to big funds transfers than to multiple small ones. Blockchains, like Ethereum, are leading the way towards this sort of usability. ✓ Increased Education on Crypto Tech ‘An informed people are a happy people,’ according to a wise old adage. More education about crypto-realms and the qualities of the blockchain would go a long way towards the evolution and enhancement of the current online industry and influence current player bases to make the change. This should include a change of ideology to follow current social trends and an increased willingness from mainstream operators to adopt cryptocurrency as a form of tender on their sites. Round-Up One thing is for certain, the online casino industry has proven itself resilient over the years. Its ability to change and adapt is demonstrated in its year-on-year revenue growth. Its versatility is sure to continue as leading brands place big money into monitoring current trends and ensuring they stay on the cutting edge of innovation. Journey with us, at GamblersPick, as we keep you up to date with all the latest trends and introduce you to all the newest innovations and technologies as they drop.
  13. While the adage "a rose by any other name would smell as sweet" would have you believe that there is no real difference between gambling online or at your local casino, that simply is not true. While land-based casinos do offer certain benefits like the potential to get free drinks, be comped a meal, and the experience of a night out “on the town”, playing at an online casino offers far more benefits for both experienced and beginner gamblers to enjoy. Why Gambling Online is the Best Here are 10 reasons why we believe online casinos trump their land-based peers every day of the week: 1. Perfect Environment for New Players Most online casinos offer free to play versions of the real money games they have on offer. This is the perfect way for new players to get to grips with the mechanics, features and bet sizes of any game they intend to play for real money later. Not only can you play these games for free, but each game comes with handy in-game hints and a detailed help file that explains everything from what each button does to how wins are determined and the games specific return to player percentage. 2. Online Casinos Offer Better Payouts The simple fact of the matter is that the House always has an advantage, whether playing online or at a land-based gambling venue – the trick is optimising that advantage as best possible. This is where online casinos beat out their brick and mortar counterpart’s hands down. Land-based casinos must cover the costs of running sprawling complexes which include restaurants, bars, clubs and all the staff to man these various activities. Online casinos only have support staff and tech-related costs which cost a fraction of what it takes to run an offline casino. This is why online casinos offer payouts of around 96%, this means the average house edge is as low as 4%. 3. Incredibly Range of Online Slots Slot machines are by far the most popular game type whether you choose to play online or offline, this is due to their wide range of themes, interactive features, payline options and jackpot win potential. Plus, individual developers each offer something unique to give their slots even more appeal. Big Time Gaming created their Megaways system offering up to 117,649 ways to win, Microgaming offers incredible progressive jackpot wins on their Mega Moolah slots and so much more. 4. Gamble When It Suits You Unlike online casinos which are open all year round, not all local casinos offer 24/7 access to their games. By playing online you can hop onto your favourite slot machine or play a few hands of blackjack whenever it is best for you. Oftentimes it is also simply not possible to coordinate getting to a casino venue at conventional times given the demands placed on our time by work, travel, family and more. In this instance being able to relax over a cup of coffee and a few spins of the reels when you have downtime available to you is an important feature. When you add this to the fact that you can play on your mobile device online gambling offers the most comprehensive, customer-first, gambling experience you could hope for. 5. Live and Play on Your Mobile The mobile device is far more than just a phone these days, we all run our lives from these tiny handheld computers. Online casinos understand this and offer an engaging gambling experience right there in the palm of your hand. Best of all thanks to high-quality apps and HTML5 these casinos offer the same entertainment on your device as they do when you play on your laptop or desktop computer. Allowing you to gamble whenever and wherever you want to. 6. There is Always a Seat for You A very real downside to gambling at a land-based venue, especially in smaller towns, is limited seating or access to popular games. At an online casino, whether you are playing at peak traffic times or in the middle of the night, your favourite casino table or online slot will be waiting for you to dive right in. This is equally true of buying additional casino chips while playing your favourite game. Online casinos allow you to easily top your chip stack from within the game you are playing rather than expecting you to get out of the action to go get more chips as you would at your local casino. 7. Fantastic Casino Bonus Selection Receiving bonuses at a land-based casino is highly unlikely for a new player. All new players at reputable online casinos will receive some form of welcome bonus. This bonus acts both as a gift basket to make you feel at home and as a safety net with which you can test out casino games without risking your own money. These casino bonuses will include deposit match bonuses, free spins, no deposit bonuses, wager free bonuses or a combination of these. Once you are a regular at the casino you will be able to avail yourself of reload bonuses, cashback and Loyalty bonuses. 8. Choose When to Play with Others A big part of ensuring your mental health though, especially during lockdowns is having the choice to play with others when you need contact and give yourself space when that is more important. One of the fastest-growing niches within the online gaming industry is the live casino sector. This allows players to step away from purely RNG casino games to enjoy the experience of interacting with a live dealer and the players around the table. As the market appetite for live games has grown so developers like Evolution Gaming have stepped up to grow their selection beyond traditional games like blackjack, roulette, and craps, to include custom games like Monopoly Live, Deal or No Deal Live and Mega Ball. 9. Protect Your Privacy with Bitcoin For players who are looking to further enhance the privacy and security offered by online gambling, there is the option to gamble at a Bitcoin casino. These sites are built on the blockchain, offer provably fair gambling, and ensure that your transactions are hidden from prying eyes thanks to Bitcoin’s incredible encryption. This is over and above any other measures, one can take online to protect their search histories and online banking by using virtual private networks (VPN) to connect to the internet. 10. Safety First When making the decision whether to play online or go to a local casino one must consider the potential health risks. Given the current situation we all find ourselves in, it is prudent to avoid crowds of people and rather play from home. With the ease of access to multiple casinos and swathes of cutting edge casino games, not to mention the bonuses and 24/7 personal support, there is very little reason to play at a land-based casino when with the click of a button you can enjoy world-class entertainment from the comfort of your home.
  14. Since its launch in 2009, cryptocurrency has taken the world by storm. In essence, it can be described as digital money. Many people invest in it, hoping the value of whatever crypto they have goes up. For example, at the start of 2013, Bitcoin was trading at around $13.50 per coin and peaked at just under $24,000 per coin in December of 2020. To understand the full scope of the cryptocurrency global landscape, we surveyed over 1,000 people regarding their investment tendencies and feelings toward the digital dollar. What does the future hold for Bitcoin and the many other cryptocurrencies circulating around the net? With their rapid rise in popularity and worth, they may be here for the long haul and might even eventually render the physical money we know and love obsolete. Keep reading to discover who's investing in what and why. Cryptocurrency at a Glance From the surveyed population, 76% had invested in cryptocurrency entering 2021. Millennials were the most keen on it – 80.1% of them fell into this age category. Among respondents, 64% were men, and 36% were women. By a large margin, the most owned cryptocurrency was Bitcoin (51.4%). The next highest was Bitcoin cash at 10.4%, and the rest were all well under that. Investors were five times more likely to own Bitcoin versus other cryptocurrencies – there are a handful of factors that contribute to its popularity. Bitcoin is worth a lot (over $35,000 USD apiece at the time of writing this), has been around longer than other cryptocurrencies and major companies have started to accept it as a legitimate payment option. Crypto influencers offer advice, news, and predictions for the crypto world – almost 60% of cryptocurrency owners took influencer knowledge into account when investing. Vitalik Buterin, a Canadian-Russian programmer, is one of the most famous figures in the crypto world. He co-founded Bitcoin Magazine in 2012 and Ethereum in 2015, which has become the second-largest cryptocurrency worldwide. Another influencer, Erik Voorhees, is an American entrepreneur who has been at the forefront of numerous crypto-related ventures. He launched a bitcoin gambling website in 2012 called SatoshiDICE and founded Coinapult in 2013 which allowed users to send bitcoins via SMS. In 2015, he turned his attention toward his new venture, ShapeShift, a currency exchange and management platform that supported many different cryptocurrencies. Of the last 12 years, 2018 saw the highest level of first-time cryptocurrency investment, with 21.4% of respondents entering the market at the time. Overall, 46% of respondents started to invest in 2018 and beyond. A tremendous increase in Bitcoin price over the last couple years could explain the rise in interest and subsequent investments. The Crypto Experience When further analyzing respondent's feelings toward cryptocurrency investment, more can be learned about their views, opinions, and experiences with it. Firstly, 53% of current cryptocurrency owners worried about criminal activity. According to a Crypto Crime Report conducted by Chainanalysis, the value of Bitcoin that had been sent to and from various markets on the dark web totalled over $600 million. To that end, 65% of respondents agreed that cryptocurrency should be regulated and monitored by the government in an attempt to crack down against the rampant illegal activity in the crypto underworld. Forty-one percent of investors claimed they had fallen for a scam or experienced an attempted scam. There are a lot of tricks scammers can use to con people out of their money. It is usually done by email or telephone – a common strategy used is to offer participation in online referral strategy schemes or investment in a "surefire" business opportunity. Unfortunately, some people send their hard-earned money to the person on the other end of the line. They may promise to double your investment, but the money is almost always never seen again. Seventeen percent of all respondents and a quarter of baby boomers felt cryptocurrency as a whole is just a scam. Seeing as the concept and usage of cryptocurrency is fairly new, the hostility and uncertainty toward its long-term legitimacy isn't entirely surprising. More on Investments Respondent's average initial investment into cryptocurrencies was $2,235. In all, the average investment totaled $9,305. Seventy-seven percent of investors had set up automatic investment payments to continually increase their crypto accounts. Not every investment led to financial success, though. Over 56% of baby boomer respondents claimed to have lost money to the crypto market, followed by 49.2% of Gen Xers and 44.6% of millennials. Overall, 47% said they had suffered losses on their invested money, the average being $2,763. Fifty-eight percent decided to pull their previously invested money, averaging $3,305 in withdrawals. Well over half of respondents attributed their use of cryptocurrencies to investment purposes. Investment can be an attractive option, seeing as Bitcoin, for example, is a scarce asset, many believe its value can continue to rise as fiat currencies (e.g., the U.S. dollar) depreciate. Only 8.3% of respondents used it for direct spending – there is an increasing number of companies that have begun to accept crypto payments, and as more allow it, direct spending will likely increase as well. Just under 15% of respondents claimed to have invested in cryptocurrency in the hopes of churning out large profits. The majority (37%) had invested purely out of curiosity. It is still too early to tell how cryptocurrencies will fare in the future – it seems as if many people are just happy to be along for the ride and see how their investments do. It also provides investors an opportunity to learn more about the crypto world in the event a global movement toward digital monetary assets takes place. The Future Is Crypto Twenty-one percent of cryptocurrency skeptics said they plan on investing in the new year. On average, those that have already invested plan on injecting $7,145 into their crypto accounts. Newcomers planned on investing considerably less, at an average of $965. Unsurprisingly, 31.3% of respondents are looking to invest in Bitcoin over other types of cryptocurrency. Also, most of them (65.6%) felt hopeful about the future of cryptocurrency – a positive mindset could be the first step toward (financial) success. As a whole, 45% of respondents felt a $100,000 mark is within reach for Bitcoin in 2021. Just over 54% of cryptocurrency owners believed as much, as did 16% of those without any crypto to their name. Seventy-seven percent of cryptocurrency owners believed that it will become just as popular as government-issued currencies, whereas 40.2% of nonowners agreed. On average, 68% of respondents believed the two currencies will eventually become equally as popular. With the increase in interest in cryptocurrencies and subsequent investments, as well as Bitcoin being the best performing asset this past decade, a level playing field between crypto and government currencies could be here sooner than we think. Crypto Quick Stats Top 5 Crypto-Friendly States: Colorado Ohio Texas California Wyoming Top 10 Richest Crypto Investors: ‘Nakamoto' Chris Larsen Joseph Lubin Changpeng Zhao Cameron & Tyler Winklevoss Matthew Roszak Brock Pierce Brian Armstrong Anthony Di Iorio Xu Mingxing Top 9 Countries With the Highest Increase in Users Between Ages of 18 and 24: Nigeria Australia Spain Canada Mexico U.K. Colombia India Pakistan Top 9 Countries With the Highest Increase in Female Users: Greece Romania Argentina Portugal Indonesia Ukraine Czechia Colombia Venezuela The Digital Gold Rush The rise of cryptocurrency is a fascinating one, and there is much controversy that surrounds the topic. Twitter CEO Jack Dorsey famously tweeted in 2018 that he believed the internet and the world as a whole will operate on one single currency, being Bitcoin. Although there has been consistent elevated interest displayed by the public in their investment efforts, many are skeptical about the safety of a digital currency. An average person may fear scammers and hackers, and governments are worried that it might destabilize their national currencies and hurt their economies. The influence that cryptocurrency will have in the future is uncertain, as there are both positive and negative aspects that come with its total adoption. For now, it seems that people are happy investing casually and learning what it's all about. What we do know, though, is that the landscape may very well drastically change in the next ten years, maybe just as quickly as it has since Bitcoin's inception. Methodology and Limitations We surveyed 1,015 people about their views on cryptocurrency. Respondents were 42.1% men, and 57.6% women. One respondent was nonbinary, and two respondents chose not to disclose their gender. The average age of respondents was 38.3 with a standard deviation of 11.8 years. Our survey included respondents currently invested in cryptocurrencies and those who are not. 244 respondents were currently invested in cryptocurrencies and 771 respondents were not. Questions on which cryptocurrency respondents own, their reasons for investing, what they use it for, which crypto influencers they actively follow, and what they associate cryptocurrency with were asked as check-all-that-apply questions. Therefore, percentages won't add to 100. The data we are presenting rely on self-report. There are many issues with self-reported data. These issues include, but are not limited to, the following: selective memory, telescoping, attribution, and exaggeration. Fair Use Statement Think your friends and family might want to brush up on their cryptocurrency knowledge? Feel free to share these findings – we only ask that you do so for noncommercial use and that you provide a link back to this original page so the study's contributors can earn credit for their work.
  15. Bitcoin is a hot commodity in the digital world at the moment. The virtual currency is worth over $60,000 per coin right now and is attracting high-risk investors from all across the globe. Due to its growth over the course of 2020 and 2021, many of its buyers treat it as an investment option by’ hodling’ it. Did you know? The word ‘’Hodling’’ is a slang term for the act of holding your cryptocurrency for investment purposes. This word derives from a mistake made in a forum post in 2013 when the writer of the post meant to write that he intended to hold onto his cryptocurrency. Instead of writing, ‘’I am holding’’, he wrote “I am hodling’’. The term is still popular today. Many forget that Bitcoin is really a currency. You can actually buy real goods and services with the funds. In this article, we will explore ten great ways that you can spend your BTC in the world today. While some countries and regions may support cryptocurrencies more than others do, you should be able to spend your Bitcoin no matter where you are in the world. 1. Invest in Alt Coins Once you have joined the world of cryptocurrency, you open yourself up to a whole new digital environment. You can even use your Bitcoin to buy other alternative cryptocurrencies, known as ‘altcoins’. Quick fact: If you sign up and register a crypto wallet at most regulated exchanges, you can manage all your crypto-to-crypto trades yourself from your mobile phone or desktop device. For instance, XRP is outperforming Bitcoin at the moment. To hitch a ride on that currency’s current climb, you can simply opt to trade some of your Bitcoin holdings for the equivalent value of Ripple on your favourite crypto exchange platform. The process is both fast and simple. 2. Visit Bitcoin Restaurants and Fast Foods More and more retail vendors are looking to the blockchain to expand their markets in a time where crypto technology is flying high. This trend is quite evident in the United States and certain European countries. Currently, BTC hodlers can purchase coffee from Starbucks with Bitcoin by using the Bakkt or SPEDN apps on their mobile devices. But don’t stop there, use SPEDN to shop at coffee shops such as Caribou Coffee, Jamba Juice, and Baskin Robbins. Did you know? On May 22nd 2010, a man by the name of Laslo Hanyecz agreed to purchase two pizzas for 10,000 Bitcoins. While that didn’t equate to much money back then (about $41), the same purchase today would be worth over $600 million. The day goes down in the annuls of history as Bitcoin Pizza Day. When it comes to fast food, selected Subway outlets will accept your BTC currency. In the Netherlands and Germany, you’ll even be able to purchase food from Burger King with your Bitcoin holdings. 3. See the World When travelling the world, why not use a borderless currency to make your travels more convenient. This way, there’s no need to pay foreign exchange costs and other associated fees on travel fares and the like. You can now use Bitcoin to pay for your hotel accommodation and your air tickets. Cheapair.com was the first-ever travel agency to accept BTC for air tickets in November 2013 – talk about a company with a vision for the future! Expedia.com, a world-renowned trip advisor and travel agency, also now accepts Bitcoin payments. It doesn’t stop there though. There are many other travel brokers of this sort that will help you circle the globe with your crypto investment. 4. Play Video Games Riding a rallying bull trend in Bitcoin is an exciting prospect for adults, but perhaps what the currency can buy for you is a more rewarding prospect for our kids. Microsoft has been accepting BTC for its online Xbox store for seven years now. Quick fact: Multi-billionaire director of Microsoft, Bill Gates, does not own any Bitcoin of his own and has taken a neutral stance on the currency. While that is a fact, he and his company have surely seen the potential it can bring to the retail end of the business. After a short pause in accepting BTC when it became extremely volatile after 2017, you can use it to purchase Xbox credits again. This way you can get your hands on all your and your kids’ favourite video games with the profits you made in the digital asset’s latest rally. 5. Buy Your Web Domain Intending to open a new business thanks to the money you’ve made on Bitcoin? Well, use the currency to buy your website domain and hosting and get cracking right away. Did you know? Crypto-related web domains often carry great value. Many of these virtual currency domains have become prime real estate and sell for up to seven figures. NameCheap is a large progressive online company that deals in the brokerage of internet domains and offers web hosting and internet security certificates to an international customer base. The company’s willingness to accept Bitcoin as a form of payment for their services truly shows that they have a grasp of the future. 6. Purchase NBA Game Tickets The National Basketball League is one of the most progressive sporting leagues in the United States. The league has a long history of being the first to embrace innovations in technology. As such, it was also one of the first to move forward with cryptocurrency. Various teams, like the Sacramento Kings and Dallas Mavericks, have already accepted ticket sales to their games since 2014 and 2019, respectively. Nowadays, some of the teams have even broadened their views on crypto and accept various other altcoins, too. 7. Buy NFTs - Including Art and Other Collectables The non-fungible token (NFT) market is booming right now. Digital artwork, sporting memorabilia, and other virtual trinkets from famous stars are fetching good money on various blockchains (often associated with Ethereum). Did you know? Beeple’s digital art piece known as "Everydays: The First 5000 Days," sold at a Christie’s auction in March 2021 for a whopping $69 million. It cur