Day: February 10, 2018

The price of bitcoin clocked a six-day high above $9,000 Saturday as the crypto markets continued to show signs of regained poise.

The gambling industry witnesses active participation of millions of users across the world. Things are set to become much better with the emergence of ICOs, which brings several improvements in this sector. Betrium, the world’s first decentralized betting exchange, has announced the release of its first-party decentralized betting service demo platform both for betting exchanges and bookkeepers.

Addressing the Industry Challenges

The demo platform of Betrium has been developed to tackle the downsides of online betting and gambling industry, including slow bet processing, heavy commissions and the need for payment options. In addition, the betting industry is lagging in this digital era as it is not accessible to the entire international community. The lack of ready APIs for developers has created a pressing need for extensive coding to make any significant changes in the form of cryptocurrency integration to existing solutions.

Though these challenges result in a bad user-experience, there are still millions of users looking for capitalizing on this growth-oriented market. Event organizers, e-sport streamers, and small sports leagues are also in need of a platform to develop their own betting events.

Being the Sponsor

The Betrium team has already made remarkable efforts to establish the platform’s presence in the global gambling and betting arena. Betrium has been the sponsor of Lamborghini Huracan Super Trofeo on 24H Series race in Dubai.

The company was also the official sponsor of the TNABC conference, which took place in Miami on 17-19^th January, where Max Suvorov, the CEO at Betrium, spoke and presented the project.

Betrium is also the sponsor of the racing car on the Lamborghini Super Trofeo Middle East race in Abu Dhabi, held on 2nd of February 2018.

Betrium’s Partnership with Sports Media

The team at Betrium is also making efforts for the platform’s marketing and promotion by partnering with some of the leading sports media in the industry. In this view, Betrium has recently roped in VAVEL.com, a sports media having more than 35 million visits every day, as its media partner.

The Advisor Board at Betrium

Betrium is privileged to have some of the finest and renowned industry advisors who are playing a great role in the development and promotion of the entire ecosystem.  Sam Taheri, a professional GT and NASCAR pilot, became an advisor and sports representative of Betrium. He will represent the project in the worldwide racing community and attract sports audience to the Betrium. Watch here what he says about the platform.

Another great name in Betrium’s Advisor board is Luke MacDonald, a well-known professional gambler with over $1.9 mil turnover, who supports Betrium and part of its Advisory board of the project.

Looking Forward

Betrium’s crowdsale is starting from February 28, 2018, where the platform will put 77,000,000 BTRM tokens on sale. Investors will be able to view the stats of their holdings on the investor’s dashboard and determine the token price. Betrium demo platform presents an equal opportunity for the event organizers to gain profit from the bet. The highly-accessible interface of Betrium facilitates both new and experienced users.

To know more about the platform and participate in its crowdsale, please visit https://betrium.co/#

Access the demo platform at – http://sport.patyplay.ga/sport

The post Betrium Launches Worldwide Bookmaker and Betting Exchange Demo Platform appeared first on NewsBTC.

At the start of the year, Italy’s largest utility company Enel SpA was in talks with Swiss cryptocurrency mining startup Envion to sell power from wind, solar and other renewable energy sources to the crypto miner. However,the initiative backfired on Envion as Enel eventually announced it had “no interest” in selling energy for crypto production – reigniting the debate around proof-of-work’s significant energy use.

It is still too early to determine whether or not all cryptocurrency markets will remain in the green for a while. The way things look right now, all markets look particularly healthy, even though we see some assets make major moves as we speak. If the XRP price is any indication, we may see some wild swings over the next few hours and days. With a strong 53.09% gain, the XRP price is back at $1.21 once again.

XRP Price Bounces Back Strongly

It has to be said: the cryptocurrency community has no love lost for Ripple or their XRP asset. That is not entirely strange, considering this is not a typical cryptocurrency whatsoever. Even so, the people who enjoy making good money will acknowledge the XRP price is doing just fine and makes for a solid investment opportunity. More specifically, the XRP price has over doubled in the past four days, which is rather impressive.

As is the case with all cryptocurrencies and digital assets, the XRP price has taken a major dip in the past week. With the XRP price dropping from $0.93 all the way to $0.59, it has become evident these markets will always remain volatile. It is this volatility that attracts so many different people, especially those looking for a quick profit. Unfortunately, the short-term holders still vastly outweigh those who are in it for the long run, but it seems that situation may come to change where XRP is concerned.

With a solid 53.09% gain in USD value over the past 24 hours, the XRP price is back above $1.2 for the time being. It is still a long way away from the all-time high of $3, which was reached a few weeks ago. Whether or not we will see the XRP price return to such a high value in the near future, remains to be determined at this point. There is also a very strong 37.75% gain over Bitcoin, which will help propel the XRP price to new heights if this trend keeps up.

Thanks to $3.89bn in 24-hour trading volume, things are looking pretty good for XRP right now. There is a mounting demand for exposure to this particular asset, even though it is not a traditional cryptocurrency by any means. A lot of investors see the merit of what XRP brings to the table and they want to get in on the action. With ZebPay adding XRP as well, it will be interesting to see how this particular market evolves in the weeks and months to come.

Unsurprisingly, the majority of XRP trading volume comes from the Bithumb exchange. In fact, all major Korean exchanges are contributing a lot of trading volume to XRP right now. Bitfinex and Bitbank are the only non-Korean exchanges in the top five, yet they both provide fiat currency gateways for this digital asset. It is evident the money is pouring into cryptocurrencies and digital assets once again, which is a good thing. If this trend keeps up, things will get very intriguing for all cryptocurrency-related markets.

For the time being, it remains to be seen what the future will hold for the XRP price. With the current momentum in place, it seems finding price stability should be the top priority right now, but it won’t be easy to do so. After all, these markets will remain extremely volatile for quite some time to come. Even though the weekend is usually positive for most markets, it remains to be seen how long this current trend will last, though. After all, the market only recently witnessed a massive 50% dip and there’s no reason to think it won’t happen again.