Day: April 18, 2018

Have you ever played games at an online casino and wondered just how hard or easy it is to own an online casino? Most of us have at some point or other. After all, owning an online casino must be like owning a money printing machine.

There are two schools of thought here, on the one hand, are those who believe that owning an online casino must be super easy. After all, from the surface it looks like the online casino runs itself. The entire thing is run by a computer, all the games and everything else. So, all you have to do is have the right amount of money to start the casino, right?

The other school of thought believes that owning and operating an online casino must be a near-gargantuan task. They don’t see the simple fact that everything works off software as a factor that mitigates the complexity or difficulty of the operation. In this camp, the very idea of an ordinary person owning and operating an online casino is next to impossible. It would simply require too much money and there would be too many things to consider that only someone on the inside (or well connected) would know how to pull off.

So, which is it, is it is easy or is it really difficult to open an online casino? Of the two schools of thought outlined above, which is the most accurate? What if there was a third option that allowed you to skip both of these schools of thought altogether?

A New Way of Playing Online Casino Games

There is an entirely new way of playing online casino games that is causing quite a stir within the online gambling community. This new way of playing is such a bold step that many experienced online gamblers and industry experts are calling it a revolution in online gambling.

It’s called ZeroEdge and it will totally change the way you think about online gambling for good.

Up until now, all online casinos have been operating on the same principle called the house edge. The house edge is an unfair advantage that is built into every single online casino game and it gives the house (the casino) a consistent advantage over the player, regardless of the actual outcome of the wager. For many gamblers, this is simply unacceptable and, as a result, has caused many to close their online casino accounts in search of something better.

ZeroEdge is that something better for two very important reasons. One, ZeroEdge has removed all house edge advantage percentages in their casino games. In other words, all ZeroEdge slots, roulette, blackjack and other games, feature a true 0% house edge. For the first time ever, online casino games are actually fair. Two, ZeroEdge does not use conventional currencies to run its online casino. Instead, ZeroEdge has created its own cryptocurrency called Zerocoin, and it is the only way one can play their games.

Since this is an entirely new way of building and running an online casino, ZeroEdge is giving anyone who wants to own and operate their own online casino the opportunity to do so and earn Zerocoin based on the demand for zero edge casino games. All you have to do is visit the ZeroEdge website and fill in the ZeroEdge white label online casino application form to begin the process. Simple and easy!

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Bitcoin markets are yet again going through a period of increased volatility. With a decent but not unheard of increase in trading volumes, a few bullish breakout patterns can now be observed. Notable events through the day’s trading session would be a couple of bearish breakouts and responding pullbacks, all contributing to the increase in volumes.

The day’s signals

1. Volatility continues to rule for yet another day with large buy and sell orders seemingly being able to handle Bitcoin markets.
2. A bullish market sentiment seems to be the winner through today’s trading session with BTC/USD prices now moving up after consolidations.
3. Most of the day’s trading volume’s come from a few condensed trades. Support for the reached price levels remains questionable.

GDAX BTC/USD charts are indicative of the battleground Bitcoin markets were throughout the day. Traders went through a major bullish breakout, with prices being pushed from USD 8,100 levels down to a low of USD 7,800. After an extended consideration period, a bullish pullback got prices back above USD 8,100 levels. The market didn’t show resistance to the upward spike. However, that wasn’t until another selloff would occur. Prices briefly dipped below USD 8,000 again only to recover briefly after a couple of hours. Through the more recent hours, another spike caused prices to jump above USD 8,200 briefly.

OKEX BTC/USD weekly futures charts still showcase anguish from Bitcoin futures traders. The divide between futures prices and live market prices remains. Today’s volatility doesn’t seem to have improved the landscape for futures prices as the divide increased at times. Futures traders are of course pricing in the bullish pullbacks but appear to be all too skeptical. It appears as though volatility doesn’t impress futures markets anymore, even if it’s followed by a bullish sentiment.

All in all, many bullish signals made rounds through Bitcoin markets through the day. However, the outcome of such a trading session is quite uncertain without any support showcased. Today’s consideration periods were accompanied by low volumes, with only breakouts appearing to make decisive moves. All in all, it remains to be seen if the bullish market sentiment contrasting previous trading sessions will be sustained.

The post Bitcoin Price Analysis, 18th April 2018: Volatile BTC/USD Markets Back Above $8,100 appeared first on BitcoinNews.com.

Key Highlights

• Ripple price surged higher and broke a major resistance near $0.6800 against the US dollar.
• This week’s contracting triangle with resistance at $0.6800 was breached on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair traded above the $0.7000 and is now placed nicely in a bullish zone.

Ripple price broke to the upside against the US Dollar and Bitcoin. XRP/USD is now positioned nicely for more gains above the $0.7200 level in the near term.

Ripple Price Upside Break

There was an increase in buying interest above the $0.6500 level in Ripple price against the US Dollar. As a result, there was a fresh start of an upside move from the $0.6500 low. The price traded higher and moved above the $0.6600 and $0.6800 resistance levels, which opened the doors for more gains. More importantly, this week’s contracting triangle with resistance at $0.6800 was breached on the hourly chart of the XRP/USD pair.

The pair was also successful in clearing the $0.7000 resistance. It traded above the $0.7300 level and a new intraday high was formed at $0.7380. At the moment, the price is correcting lower towards the $0.7200 level. An initial support is around the 23.6% Fib retracement level of the last wave from the $0.6460 low to $0.7380 high. However, the broken resistance at $0.7000 will most likely act as a strong support. Moreover, the 50% Fib retracement level of the last wave from the $0.6460 low to $0.7380 high is at $0.6925.

Looking at the chart, there was clearly an upside break above $0.6800. There can be a minor downside correction in the short term towards $0.7000 or $0.6900 before the price resumes its uptrend. On the upside, above $0.7350, the price could test the $0.7500 level.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is placed in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is correcting lower from the 75 level.

Major Support Level – $0.7000

Major Resistance Level – $0.7350

The post Ripple Price Technical Analysis – XRP/USD Bullish Breakout appeared first on NewsBTC.

The International Monetary Fund has reported that the global debt has hit $164 trillion marking a trend that could lead to a catastrophic recession if countries fail to pay off debts due to strict financing conditions.

IMF Report Warns of Huge Global Debt

The IMF said in its semi-annual fiscal monitor report on Wednesday that the global and public debt has ballooned to 225% of global gross domestic product in 2016, the last year for which the fund has figures for.

Vitor Gaspar, head of the IMF’s fiscal affairs department was quoted in a Bloomberg article as saying

 “One hundred and sixty-four trillion is a huge number. When we talk about the risks looming on the horizon, one of the risks has to do with the high level of public and private debt.”

These figures from the IMF show that world economy is still struggling under the hangover of the 2008 financial crises which strained international banking systems to the breaking point and caused a worldwide recession.

The IMF warns that high levels of fiat debt in a time of reduced financing will make it difficult for debtor nations to refinance when their loans come to maturity. These same large debts can impede growth and cause financially troubled economies to spiral into recession.

In a recent Ask Me Anything session on Reddit Bill Gates responded to a question about the possibility of another global recession similar to the one in 2008 by answering bluntly “Yes. It is hard to say when but this is a certainty.”

Gates went on to say that his friend and partner in philanthropy Warren Buffet understands economic matters better than himself. Buffet’s advice in the same article is to hold onto investments for the long run, saying that “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

Is Bitcoin the Answer to a Global Financial Recession

A neutral observer may ask ‘what good is owning any stock pegged to a fiat currency which may collapse in the next global recession?’ If any lesson can be taken from the 2008 financial meltdown it is that venerable banking institutions are as easily taken down by junk products as any fly by night hedge fund, as was demonstrated by the downfall of Lehman Brothers.

According to the IMF report more than one – third of the worlds advanced economies carry a debt to GDP level over 85%, three times more than in 2000. At the same time, a fifth of developing markets have debt levels above 70% GDP.

These may be the kinds of numbers that inspired Satoshi Nakamoto to embed into the hash of the genesis block of the Bitcoin blockchain this headline from ‘The Times’ – “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

A line that was meant to commemorate the date he started Bitcoin but also possibly as a warning to the fractional banking system that the beginning of a new age for how we deal with currency had arrived.

The post Bitcoin and Crypto are Solutions to the $164 Trillion Global Debt appeared first on NewsBTC.

Cryptocurrency miners in South Korea may find it to be more difficult in getting foreign-made mining chips imported to the country.

Markets are in the green, what orders to place? #PRICE_ANALYSIS

Key Points

• Bitcoin cash price gained traction and it was successful in clearing the $800 and $850 resistances against the US Dollar.
• There was a break above a minor bearish trend line with resistance at $780 on the hourly chart of the BCH/USD pair (data feed from Kraken).
• The pair surged higher and traded close to the $900 resistance area recently.

Bitcoin cash price is gaining upside momentum above $850 against the US Dollar. BCH/USD could soon break the $900 level to extend gains in the near term.

Bitcoin Cash Price Trend

The past few sessions were positive as bitcoin cash price formed a key bottom below the $750 level against the US Dollar. The price started a nice upside move and cleared many hurdles on the way up such as $800 and $850. The upside move was very strong as the price traded close to the $900 level. At the moment, the price is trading well above the $850 support and the 100 hourly simple moving average.

During the upside move, there was a break above a minor bearish trend line with resistance at $780 on the hourly chart of the BCH/USD pair. The trend line break was the main reason the recent upside surge above $850. It traded as high as $903 and is currently consolidating gains. An initial support is near the 23.6% Fib retracement level of the last wave from the $726 low to $903 high. It seems like downsides would be limited in the short term since there are many supports at $860 and $850.

Looking at the chart, there is a strong bullish trend in place above $800-820. A successful close above the $900 level could ignite further gains toward the $940 and $950 levels.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is showing signs of a minor correction.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is near the overbought levels.

Major Support Level – $850

Major Resistance Level – $900

The post Bitcoin Cash Price Technical Analysis – BCH/USD Surged Above $850 appeared first on NewsBTC.

Bitcoin Price Key Highlights

• Bitcoin price has gained a bit more traction on its bounce, signaling that bulls are back in the game.
• If bullish pressure is strong enough, a break past the inverse head and shoulders neckline on the 4-hour chart could take place.
• In that case, a stronger rally for bitcoin price could be underway.

Bitcoin price is forming an inverse head and shoulders pattern to signal that a longer-term climb could take place.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This suggests that there’s still a chance for the selloff to resume. However, the gap between the moving averages has significantly narrowed to indicate a potential upward crossover.

In that case, bullish momentum could gain more traction and allow bitcoin price to surge past the neckline around $8,400. The chart pattern is around $2,000 tall so the resulting uptrend could be of the same size, taking bitcoin to the $10,000 area of interest next.

Stochastic is moving up to confirm that buyers have the upper hand. However, the oscillator is nearing overbought conditions to show that buying pressure could fade. If sellers return, another dip to the nearby inflection points at the moving averages could take place. RSI seems ready to turn higher to reflect a return in buying energy.

Market Factors

Several analysts have been pointing out bullish signals and it seems to be turning into self-fulfilling prophecies as more traders get wind of these predictions. Then again, sentiment in the industry has considerably improved after news of George Soros prepping to invest in the industry broke out.

Dollar demand remains supported, though, as bond yields are rising on renewed prospects of tightening due to mostly upbeat data and hawkish FOMC remarks. Still, the developments in the cryptocurrency space and lingering geopolitical risks have kept bitcoin price supported.

The post Bitcoin Price Technical Analysis for 04/19/2018 – Bulls Ready to Charge Past Neckline appeared first on NewsBTC.

Researchers have unveiled a new ethereum scaling project with a focus on security, and even Vitalik Buterin wants to see it grow and succeed.

It’s every cryptocurrency investors worst fear, the exit scam, and it may have just happened again. All signs point towards the founder of Savedroid having taken the company’s money and ran.

Savedroid CEO and Founder Tweets “Thanks Guys” From a Beach in Egypt

The founder of German-based startup Savedroid, Yassin Hankir, is feared to have taken off with the $50 million his company raised in its ICO and headed for the beach.

Savedroid was purportedly building an AI-powered app that would help users to invest in a vetted portfolio of cryptocurrencies and related derivatives. It, like many other fintech startups also claimed it would produce a cryptocurrency funded credit card, a claim common among ICO’s that turn out to be a scam.

Originally reported by Bloomberg Savedroids website has been replaced with the  “And It’s Gone” Meme from South Park. In case that message wasn’t clear enough founder and CEO Hankir’s last two tweets were of him at an airport followed by his hand holding a beer on a beach along with the message “Thanks guys! Over and out…#savedroidICO,”

The company’s Twitter account is still live but the last tweet posted on April 15 was a job opening for a social media marketing internship. This alone may have given birth to the hopeful rumor that the whole thing is an elaborate but poorly advised publicity stunt.

Despite Growing Regulation Exit Scams are Common

Cryptocurrency related sites are rife with speculation about how and why the exit scam was engineered. Early comments suggested the South Park meme was the result of a hack. One site has made a call out for investors to hunt Hankir down, already having identified the beach and resort in Egypt where the second tweet was sent from, even providing geo-coordinates for would be trackers.

The initial coin offering method of raising money for crypto and blockchain based startups has been plagued with frausters. Much of the regulatory debate that has erupted globally concerning the crypto market is focused on ICO controls. Still, the New York Based Satis Group, which provides advisory service to ICO’s, has estimated that over 80% of ICO’s are some kind of scam.

If Yassin Hankir has perpetrated an exit scam with Savedroid funds he is the latest in a growing list of bad actors who have done the same.  Bitcoiin2Gen and its former action star frontman Steven Seagal enacted a bizarre tweek on the exit scam by issuing a press release to announce their exist on completion of the projects ICO. While Centra Tech and it’s celebrity pitchman Floyd Mayweather where charged by the SEC for fraud before the co-founders could exit that particular scam.

The post Investors Concerned Cryptocurrency Founder Ran Off With Millions of Dollars appeared first on NewsBTC.

Dow Jones Media Group has partnered with privacy-focused web browser Brave to explore blockchain applications for digital publishing.

GameCredits has announced a desktop application that enables gamers to harness idle hardware and unused processing power to mine crypto in return for GAME tokens.

In today’s financial world — one where cryptocurrencies and associated blockchain-based technologies are becoming more and more prominent — Filippo Yacob thinks traditional piggybanks need a reboot. That’s why Yacob and his team created Pigzbe, a pink cryptocurrency wallet and interactive app, which run on a device the size of a small smartphone and are powered by a ‘family-friendly’ digital token called Wollo.

Pigzbe: Crypto Piggybank, How Does it Work?

The hardware wallet allows children to collect and store Wollo, while the app features games that teach users about exchanging, saving, and spending coins. To make the platform complete, users can even pay for products in the real world with a Wollo card that converts the tokens to fiat currencies. Unfortunately, due to regulatory issues, American and Chinese children are — as of now — not permitted to use Pigzbe.

Pigzbe, which runs on a decentralized blockchain ledger, enables families ‘to come together as micro-financing networks.’ Families can transfer Wollo via Pigzbe across boarders almost instantaneously without exchanging currencies or paying fees: a single transaction costs 1/100,000 of a Stellar Lumen (currently, lumens are trading at around $0.32). Wollo transfers between family members are settled within three to five seconds, regardless of location.

On June 13th, Wollos will be issued via an initial coin offering (ICO). Pre-sales have already begun, raising about $10 million so far, according to Yacob. In July, users will be able to trade on SdEx, the Stellar Decentralized Exchange.

Yacob is also the CEO of Primo Toys, the creator of Cubetto — a wooden code board and robot that teaches youngsters how to program computers. Speaking with Quartz, he explained that the main goal behind creating Pigzbe was to address financial literacy early in life, and allow families who are spread out around the globe to be involved in children’s financial lives.

‘Every week you learn saving, modeling, exchanging, and spending,’ he says of the crypto wallet. Grandparents can gift money, while parents and other family members can reward chores or pay allowance in a modern way. Kids can set tasks for themselves, which are then rewarded by others, encouraging entrepreneurial thinking, he continues.

They will naturally learn about volatility too, since the value of Wollo tokens, like any cryptocurrency, will fluctuate. ‘Volatility itself is a reality,’ Yacob notes. ‘That’s a valuable conversation to have.’

Pigzbe’s white paper details the problems developers hope to solve with the device: the high transfer fees that can ‘hinder the true micro-financing nature of piggy-banking and financial education in early years,’ the limited geographic scope of many banking networks, and the generally inflexible design of the traditional piggy bank.

Image from Shutterstock.

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