Day: January 6, 2018

The cryptocurrency market may have exceeded expectations in 2017 – but there’s plenty of goals left on the industry wishlist.

All money that has been deposited on the cryptocurrency debit cards provided by BitPay, Bitwala and Wirex prior to yesterday will be returned to the owners. This is according to the statements issued by all three companies in the wake of Visa’s decision to suspend the status of WaveCrest, the card provider that was servicing them. #NEWS

Newly discovered computer vulnerabilities Meltdown and Spectre could have an impact on cryptocurrency users.

The blockchain technology has already started to break the geographical borders, and Fire Lotto is the latest and an ideal example of this trend. It is a blockchain based lottery platform launched on January 1, 2018, provides a truly global pool of customers, including even those belonging to the regions where lotteries are banned. While the corporate world is catching up with the blockchain revolution, the lottery world is also embracing the blockchain with the advent of Fire Lotto.

About Fire Lotto

Fire Lotto, is the world’s first decentralized lottery platform that is developed on Ethereum (ETH) smart contracts and characterized by complete transparency. The distributed, decentralized blockchain provides many opportunities for fintech innovation as well as the modernization of gaming industry.

The platform ensures that 70% of the ticket sales goes to the jackpot and the winners are paid right after the draw to their ETH wallets. Fire Lotto was recently launched on January 1, 2018, starting with 4 popular lottery games. The lotteries are 4/20, 5/36 and 6/45 and Roger’s Wheel, with ticket cost starting from $2.

Based on demand, Fire Lotto will be able to add more popular lottery games to draw in a greater number of players who will be able to access the platform from any device, without the need for any app. At present, interested users can join the platform by investing in company’s token pre-sale or as a participant in the lottery. Fire Lotto private token pre-sale is going-on and will end by January 15, 2018, while the main ICO will start from March 15, 2018 and end by April 15, 2018.

The platform pays 10% commission to FLOT token holders, which becomes their continuous source of crypto-income. The prize pool grows into millions of dollars with endless operations. The proposed lottery employs a random number generation (RNG) method this is fair and secure, preventing all kinds of fraud and manipulation. The platform executes a fully secure RNG method based on the existing version of Bitcoin decentralized protocol. Neither winning numbers nor lottery tickets can be faked. There is no possibility of system abuse since Fire Lotto is anonymous.

The players enter the lottery site with a familiar, user-friendly interface, where they can purchase an almost infinite number of lottery tickets and select numbers for each. Payments for tickets are enabled in one click via user’s cryptocurrency wallet.

The anonymity factor of playing over Fire Lotto platform implies that players from any part of the world can play without any worries. One of the added incentives for Fire Lotto tickets holders is taxation. Unlike traditional lotteries, there is no tax or hidden charges that take the shine off winning the jackpot.

Fire Lotto is also the first internet community owned lottery since it cannot be banned. Users need just an internet access and their cryptocurrency wallet to play it.  The transparent referral program of Fire Lotto lets investors earn up to 15% cashback for each ticket sold.

To know more about Fire Lotto and participate in its on-going pre-sale, please visit https://firelotto.com/

 

The post Fire Lotto – World’s First Blockchain Lottery Platform Launched appeared first on NewsBTC.

Today could prove to be a very good day for people still holding Litecoin as part of their portfolio. Although the past few weeks have been quiet, we see a nice move upward for the Litecoin price over the past 24 hours. Thanks to a 20% gain in USD value and a 10% gain over Bitcoin, the Litecoin price is approaching the $300 level once again. Some people would say this upward momentum is long overdue.

Litecoin Price Wakes up Once Again

It is fairly obvious all cryptocurrency markets are slowly getting back on track in the new year. The end of 2017 and the first few days of 2018 didn’t offer much to get excited about except for a few seemingly pump-and-dump schemes to catapult currencies into the top 10. The big coins – including Bitcoin and Litecoin – didn’t budge all that much. That situation is now coming to change, as things are finally picking back up where we left off about two weeks ago.

More specifically, the Litecoin price is slowly moving toward the $300 range once again. Although Litecoin surpassed this value once in the past 24 hours, the people simply took profits and waiting for a lower point of entry. It seems highly unlikely there is much wiggle room in this regard, as the Litecoin price seemingly holds its own quite well in the $285-$295 range. Small profits can still add up to major gains if coins are flipped several times in quick succession, though.

It appears this next leg up started materializing about 12 hours ago. When the Litecoin price was seemingly stuck between $240 and $255 for the foreseeable future, something changed all of a sudden. There was an uninterrupted ride for $285 and after a small dip, a new push toward $302. Ever since, the Litecoin price has not dropped below $284 again. Do keep in mind cryptocurrencies are inherently volatile and Litecoin will not prove to be different in this regard whatsoever.

Thanks to $2.06bn in 24-hour trading volume, things are looking quite good for Litecoin right now. More specifically, the volume was a bit lower these past two weeks, but it seems people are more than willing to buy and exchange cryptocurrencies once again. Whether or not this is only a prelude of what has yet to come or a temporary uptrend. People who keep a close eye on the Litecoin price will be pleased with this development regardless.

The main question is whether or not fresh capital is entering the world of cryptocurrency. In the case of Litecoin, the trading volume is dominated by GDAX and Bithumb, followed closely by OKEx and Bitfinex. Three out of these four markets are linked to fiat currencies, which seems to confirm we have an influx of fresh money to contend with. If this trend keeps up, we may very well see the Litecoin price surpass $325 before the weekend is over.

In the end, the weekends are always unpredictable when it comes to cryptocurrency trading. That situation will not change anytime soon either. While no one really expected to see the Litecoin price shoot up all of a sudden, we have to cherish these moments when they arise. For now, there is a good chance people will make decent money with Litecoin over the next two days, although things can always change on a whim’s notice.