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Launch Your Own Casino in No Time with ZeroEdge

ZeroEdge is a brand new way of gambling online that began as a concept in 2017 and has since moved into a full-blown reality in 2018. The ZeroEdge gambling model defies conventional online casino gambling by completely removing the traditional house edge found in all conventional online casino games. As a result, the conventional online

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ZeroEdge is a brand new way of gambling online that began as a concept in 2017 and has since moved into a full-blown reality in 2018.

The ZeroEdge gambling model defies conventional online casino gambling by completely removing the traditional house edge found in all conventional online casino games. As a result, the conventional online casino industry is being shaken up, as more and more online gamblers that are tired of being exploited seek to move to a new and innovative solution.

zerocoin, zeroedge

House Edge in Conventional Online Casino Games and How It Works

If you have played online casino games and have noticed that, most of the time you always end up losing all your money, it’s not just because you’re ‘unlucky’. There is actually something that is built into every online casino game that is designed to ensure that you eventually fork over all of your money to the casino. It’s called the house edge and this is how it works.

In a conventional online casino, every single online casino game including every slot, roulette game, blackjack, baccarat, video poker, bingo game and poker game, all have a built-in advantage to the house aka the casino. This house edge is expressed as a percentage and it varies depending on the game in question. It can be as little as 1.0% or as high as 14%, or even more depending on the bet. The house edge is designed to always ensure that the house has more of a chance of winning, and making money than you do – no matter what.

The ZeroEdge Approach

If the idea of the house edge sounds unfair to you, it is because it is actually unfair. In an ideal world, every player should have a fair shot at winning their bet without concern that the house is effectively cheating in every game.

This is where ZeroEdge comes into the picture and aims to completely change the online casino industry, one casino at a time. ZeroEdge has completely removed the house edge from all of its online casino games, which means that they are bringing that ideal world situation into reality. It means that at ZeroEdge, you can actually gamble and have a completely fair shot of winning your wager.

How You Can Open Your Own Casino with Zerocoin in 5 Minutes

ZeroEdge white label solutions are designed to create a new network of 0% house edge online casinos that will take on the conventional online casino industry directly. This means that you can now open your own online casino using the infrastructure and design that ZeroEdge have already put in place. ZeroEdge supplies the 0% house edge online casino games, as well as the means to play them.

Since ZeroEdge is not using conventional currencies but has created its own unique cryptocurrency called Zerocoin, anyone who wishes to play 0% house edge games will first need to invest in Zerocoin. As demand for 0% house edge games increases, along with the need for more 0% house edge online casinos, so the value of Zerocoin will also rise, creating a win-win situation for all involved.

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Bitcoin Cash Price May Rise to $1,250 if the Uptrend Remains in Place

It seems the overall cryptocurrency price uptrend is not slowing down by any means. That in itself is a big surprise, although it is a welcome sight overall. Some currencies remain extremely bullish during this time, whereas others content with small to medium gains. For The Bitcoin Cash price, the momentum is firmly in place. How High can the Bitcoin Cash Price go? Whereas there was seemingly no bottom in sight for most cryptocurrencies just a week or two ago, it seems there is a complete 180-degree turn in terms of momentum. With the way things are looking right now,

It seems the overall cryptocurrency price uptrend is not slowing down by any means. That in itself is a big surprise, although it is a welcome sight overall. Some currencies remain extremely bullish during this time, whereas others content with small to medium gains. For The Bitcoin Cash price, the momentum is firmly in place.

How High can the Bitcoin Cash Price go?

Whereas there was seemingly no bottom in sight for most cryptocurrencies just a week or two ago, it seems there is a complete 180-degree turn in terms of momentum. With the way things are looking right now, it effectively becomes impossible to determine how high the values of individual currencies can go in the future. If the Bitcoin Cash price is any indication of what’s in store, the future looks incredibly bright.

More specifically, we have seen the Bitcoin Cash price rise from just above $700 to $1,138 in the span of seven days. Such unbroken upward momentum is incredibly rare in the world of cryptocurrency, even though late last year noted similar momentum. While it is still too early to determine if history will repeat itself, anything is possible in the cryptocurrency industry these days.

With another 16.82% Bitcoin Cash price increase over the past 24 hours, there is no end in sight to this uptrend. Combined with the 8.94% gain over Bitcoin itself, the future looks pretty interesting for BCH as of right now. As is always the case, solid upward momentum is usually met with a steep retrace at some point, and it is possible we will see a brief retrace at some point.

With the current uptrend in place, it is not surprising to see how the Bitcoin Cash trading volume is on the rise as well. With $1.019bn in the past 24 hours, there is a growing demand for BCH as of right now. While one would expect this volume to be even higher given the current circumstances, it has been growing gradually over the past few days.

OKEx has taken the lead in terms of trading volume once again. There is a lot of fierce competition going on in the top four, as Bitfinex, HitBTC, and Huobi are not that far behind. This does show there is a lot of attention on BCH as of right now, yet it remains to be seen whether or not this will result in a brief correction over the weekend.

For the time being, it seems likely the Bitcoin Cash price will remain above $1.100 with relative ease. We may even see a small push to $1m250 by tomorrow evening, assuming this current trend can remain in place. Given the way how things tend to evolve in the cryptocurrency world, this weekend will be quite interesting to keep an eye on.

Asian Cryptocurrency Trading Roundup: Top Altcoin is Populous

FOMO Moments Sustained bullish momentum has pushed crypto markets higher once again during the morning’s Asian trading session. Total market cap is the highest since early March and all cryptocurrencies continue to make solid gains. Bitcoin has increased by 6.5% over the past 24 hours and is currently trading at $8,870. Altcoins have been lifted

The post Asian Cryptocurrency Trading Roundup: Top Altcoin is Populous appeared first on NewsBTC.

FOMO Moments

Sustained bullish momentum has pushed crypto markets higher once again during the morning’s Asian trading session. Total market cap is the highest since early March and all cryptocurrencies continue to make solid gains. Bitcoin has increased by 6.5% over the past 24 hours and is currently trading at $8,870. Altcoins have been lifted along with it and are all in the green this morning. One leading the charge in the top 25 at the moment is Populous.

Coinmarketcap is showing a 20% gain for PPT making it the morning’s top performing altcoin. Currently trading at $28.90 Populous has made solid gains over the $24.20 level it was at this time yesterday. The increase has moved this cryptocurrency into the top 25. Over the week PPT has jumped over 85% from $15.50 this time last weekend. The monthly chart is also showing solid performance with a 75% gain from around $16 where it traded this time last month. On the Bitcoin market PPT has climbed 12.4% on the day to 326400 satoshis from 290400 sats this time yesterday. Over the month gains against BTC have been over 80% from 179000 satoshis this time last month.

The blockchain based invoice financing solutions provider offers a peer to peer platform for small and medium enterprises. The current momentum for PPT could be driven by the run up to the launch of live Beta on May 1st. According to a Medium postThe purpose of beta-live is to allow Populous to put the platform and technologies in a monitored, controlled environment to determine if there is an “OK” signal to start accepting the massive influx of PPT holders who are eager to begin purchasing real invoices,”

Binance has nearly all the trade in PPT with around 95% of the total volume which has over doubled in the past 24 hours from $4 million to $8.8 million where it currently stands. This has pushed the total market cap for Populous over $1 billion for the first time since mid-February. Sneaking into the top 25, Populous is now ahead of Verge, Zcash and Nano.

Total market capitalization for all cryptos has increased by 6.6% over the past day and is currently at $389 billion making this the strongest rally since the one that followed the big dip of February 6. Other altcoins performing well this morning in Asia include Bitcoin Cash, EOS which has just surpassed Litecoin and taken fifth spot, Tron and Bitcoin Gold.

More on Populous can be found here: http://populous.co/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Asian Cryptocurrency Trading Roundup: Top Altcoin is Populous appeared first on NewsBTC.

Anticipation of Bitcoin Cash Hard Fork Lifts Price Back Near $1,000

Bitcoin Cash is already seeing a price bump as the next hard fork approaches in less than a month. Faster transactions and new operation codes coming. Hard Fork will Make Bitcoin Cash Faster As the granddaddy of all cryptocurrency Bitcoin was a revolutionary idea built on groundbreaking technology, devised by an unknown, or group of unknown geniuses.

The post Anticipation of Bitcoin Cash Hard Fork Lifts Price Back Near $1,000 appeared first on NewsBTC.

Bitcoin Cash is already seeing a price bump as the next hard fork approaches in less than a month. Faster transactions and new operation codes coming.

Hard Fork will Make Bitcoin Cash Faster

As the granddaddy of all cryptocurrency Bitcoin was a revolutionary idea built on groundbreaking technology, devised by an unknown, or group of unknown geniuses. But as all things pass even the shine on Bitcoin wore off as it became a medium for investment and crypto traders found it’s transaction speeds too slow and costly.

This lead to a series of hard forks off the Bitcoin blockchain resulting in tokens like Bitcoin Gold, Bitcoin Atom, Bitcoin Private et al. Of which Bitcoin Cash is by far and away the most successful.

Bitcoin Cash is the result of a hard fork that occurred in August 2017 which has met investors expectations even through the market difficulties of this year as it came back near $1000 yesterday with the next hard fork looming less than a month away

Bitcoin cash was created to meet the demands of cryptocurrency traders which meant increasing transaction speeds. Thus the block size was increased from 1 to 8 MB bringing transaction speeds down from days to minutes. Bigger blocksize will be the major upgrade in the May 15 fork as it is increased again to 32MB.

The upcoming fork will also add or reactivate several operation codes, this according to James Song, founder, and CEO of blockchain startup ExsulCoin, will allow simple smart contracts to be enacted on Bitcoin Cash. Song was quoted in Forbes as saying

“This particular bit of news is what is driving market excitement around bitcoin cash.”

Bitcoin Cash saw gains of over 9% in the past 24 hours and has risen more than 60% since it bottomed out on April 6 at a low of 603.71 according to coinmarketcap.

Hard Fork Should Push Bitcoin Cash Value up

Bitcoin generally acts as the bellwether for the cryptocurrency market which follows its highs and lows but when Bitcoin Cash was created few knew what the value of it would be. It gained almost instant value due to some artificial factors due to difficulties in trading for those holding it in online wallets, fluctuated through the autumn and then followed in the wake of its namesake’s meteoric ride when it peaked at $4,322 on December 21.

It has crashed since then as all cryptocurrency has in the market correction of 2018 but still has proven to be resilient as many see it as a versatile alternative to Bitcoin that can be used to store wealth and as a functioning currency. Bitcoin cash proved that improving liquidity and accessibility of a stalworth token is effective so as the next hard fork approaches the expectation is to see it’s value to continue to rise.

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A week in tweets: Buterin claims his second “fraud” victim

What have Vitalik Buterin and Deepak Chopra in common? Absolutely nothing apparently, and he let it be known in some entertaining tweets that he doesn’t want his Ethereum community to be associated with the New Age spiritual leader.

What have Vitalik Buterin and Deepak Chopra in common? Absolutely nothing apparently, and he let it be known in some entertaining tweets that he doesn’t want his Ethereum community to be associated with the New Age spiritual leader.

Cryptocurrencies Like Bitcoin Can’t Replace the Dollar, Says New York Fed Chief Nominee – Fortune


Fortune

Cryptocurrencies Like Bitcoin Can’t Replace the Dollar, Says New York Fed Chief Nominee
Fortune
Twitter CEO Jack Dorsey predicted that Bitcoin will eclipse all the world’s currencies in around 10 years . But the man nominated to be head of the New York Federal Reserve disagrees. In a speech Friday, the current San Francisco Fed President John
Likely New York Fed president says bitcoin ‘doesn’t pass the basic test’ for a currencyCNBC
Expected Next In Line Fed President Claims Bitcoin Doesn’t Pass Test for a CurrencynewsBTC

all 5 news articles »


Fortune

Cryptocurrencies Like Bitcoin Can't Replace the Dollar, Says New York Fed Chief Nominee
Fortune
Twitter CEO Jack Dorsey predicted that Bitcoin will eclipse all the world's currencies in around 10 years . But the man nominated to be head of the New York Federal Reserve disagrees. In a speech Friday, the current San Francisco Fed President John ...
Likely New York Fed president says bitcoin 'doesn't pass the basic test' for a currencyCNBC
Expected Next In Line Fed President Claims Bitcoin Doesn't Pass Test for a CurrencynewsBTC

all 5 news articles »

Russian Supreme Court Orders To Review Bitcoin Website Ban – Cointelegraph

Russian Supreme Court Orders To Review Bitcoin Website BanCointelegraphThe Supreme Court of Russia has ordered the St. Petersburg City Court to consider an appeal to the ban of a cryptocurrency information website, Russian Legal Information Agency (RAP…


Russian Supreme Court Orders To Review Bitcoin Website Ban
Cointelegraph
The Supreme Court of Russia has ordered the St. Petersburg City Court to consider an appeal to the ban of a cryptocurrency information website, Russian Legal Information Agency (RAPSI) reported April 20. In summer 2016, the Vyborgsky District Court of ...

and more »

Top 4 Upcoming Cryptocurrencies Sans ICOs

cryptocurrency before bitcoinPrior to the explosion of the cryptocurrency sphere as a whole in 2017, most new projects launched in the absence of initial coin offerings. While this funding method has become the norm throughout the community, it has done so in the presence of massive controversy in regards to the ethics and legitimacy of the ICO model. While it seems as if every upcoming project involves such a crowdsale, it’s important to recognize that there are legitimate ventures operating sans ICOs. Here are four to check out: 1. Market Protocol (MKT) The team behind Market Protocol is working to develop a decentralized derivatives exchange – the

cryptocurrency before bitcoin

Prior to the explosion of the cryptocurrency sphere as a whole in 2017, most new projects launched in the absence of initial coin offerings. While this funding method has become the norm throughout the community, it has done so in the presence of massive controversy in regards to the ethics and legitimacy of the ICO model. While it seems as if every upcoming project involves such a crowdsale, it’s important to recognize that there are legitimate ventures operating sans ICOs. Here are four to check out:

1. Market Protocol (MKT)

The team behind Market Protocol is working to develop a decentralized derivatives exchange – the first of its kind. Market Protocol will represent an ecosystem of DApps that allow participants to create and execute a variety of trades, trustlessly, with other participants. These contracts will encapsulate functions like margins and futures trading for both cryptocurrency and non-crypto stocks and commodities alike.

Market Protocol will be fueled by its token, MKT, to create contracts, connect traders, act as collateral, and execute trades. The team is currently finalizing its first DApp, contract creation. Soon following will be a DApp that will enable trading capabilities. The team is unsure as to how they will distribute MKT, but they have stated that there are no plans to hold an ICO. Currently, the project’s development is being funded by the team itself.

2. Elixir (ELIX)

Elixir (ELIX) is a platform that allows its users to make payments, lend money, and crowdfund projects. Currently, the team is working to finalize the crowdfunding element of the project, which is slated for release sometime in the second quarter. Soon after this development will be the release of the mobile application, which will incorporate the major functions of the platform. Currently, users can pledge to become “Early Creators”, or hosts of the first crowdfunding initiatives, and earn ELIX in exchange.

Elixir uses a Proof-of-Time algorithm, and the coin was fairly distributed through a “genesis airdrop” event. Participants in the airdrop not only received a portion of the supply of ELIX, but also were granted the opportunity to sacrifice their coins in order to mine more. The longer they hold the coins before returning them to the genesis address, the more ELIX is returned. Elixir currently holds rank #507 on CoinMarketCap, with a market cap of US$9.5 million.

3. ChanCoin (CHN)

ChanCoin is a community-driven cryptocurrency initially created in the summer of 2017. Developers from the community are actively working to deploy a system of steganographic technology to provide credit to original content creators. Essentially, CHN seeks to attach original ownership, primarily on image boards, to the first creator of an image or media. This is another extension of its role as a tipping currency, and such a development would allow users to reward the original creator of a piece of artwork, even if they’ve only viewed it as a repost.

After the coin’s primary developer engaged in malicious behavior (failing to disclose the extent of the premine and subsequently dumping the coin), the community removed the developer from CHN and worked to rebuild the project, and have made great strides since. This is an absolute microcap coin, with a market cap of just over US$200,000. Regardless, CHN maintains an active community that is excited about the future of this project.

4. Masari (MSR)

Masari is a privacy coin forked from XMR. It was fairly launched on September 2, 2017 with no premine. The coin boasts an active community and very active development, with hundreds of Github commits since the September launch. The lead developer mined an amount equal to 0.5% of the current supply after the genesis block, and has put that amount into a transparent donation address that will fund future initiatives and projects.

While MSR does not have many exciting developments to share, it sparks interest due to the sound fundamentals of the coin. The strong team and active community, coupled with the low maximum supply of 18 million and minuscule market cap of about US$1 million, make it a worthwhile project to take a look at. Particularly due to the sustained popularity of privacy coins, the niche to which MSR belongs only seems to be growing.

Batavia, UBS and IBM’s Joint Platform, Completes First Live Trade

TheMerkle_Banks CryptocurrenciesBatavia, a blockchain trade finance platform, has successfully completed its first live corporate cross-border transaction. The platform is a joint venture between tech giant IBM and leading banks including Swiss bank UBS, European financial services firm Erste Group, the Spanish CaixaBank, German giant CommerzBank, and Bank of Montreal. This initial transaction saw the platform facilitate the exchange of cars from Germany to Spain and raw materials from Austria to Spain. A Watershed Moment The success of the pilot was an important milestone for Batavia and involved the facilitation of the full trade cycle. In a process that’s powered by smart contracts,

TheMerkle_Banks Cryptocurrencies

Batavia, a blockchain trade finance platform, has successfully completed its first live corporate cross-border transaction. The platform is a joint venture between tech giant IBM and leading banks including Swiss bank UBS, European financial services firm Erste Group, the Spanish CaixaBank, German giant CommerzBank, and Bank of Montreal. This initial transaction saw the platform facilitate the exchange of cars from Germany to Spain and raw materials from Austria to Spain.

A Watershed Moment

The success of the pilot was an important milestone for Batavia and involved the facilitation of the full trade cycle. In a process that’s powered by smart contracts, the forming of agreements and closing of payments was automatic and was all recorded on a blockchain.

Smart contracts on the platform are triggered by specific events that participants agree on ahead of time, making the entire process autonomous. To make the process even more reliable, the platform includes tracking and risk management tools that ensure a smooth flow of products. These tools are tied to events in the supply chain, and in some cases, data gathered from IoT devices comes into play as well.

The pilot transactions were carried out in diverse transportation modes and geographical areas, as well as between different trading partners to test the platform’s ability to address arising needs and facilitate diverse transaction types.

A Holistic Solution

Batavia was developed to provide a holistic platform that would encompass all the processes that are involved in the tedious trade finance sector. It provides a digitized and secure platform which arranges, secures and finances international trade transactions automatically. The need for Batavia arose from UBS’s need to bring together all the stages of trade finance in one single solution where the entire business flow was covered.

An executive at Commerzbank, Niko Giesbert, said that this platform is a crucial basis for risk management.

Our joint successful live transaction demonstrates the potential of such a platform. Trade data and smart payment, which is automatically triggered by the transport data, form an important basis for risk management and financing instruments and add value to every supply chain.

IBM Blockchain Services manager Jason Kelley shares Giesbert’s view, adding that Batavia is proof that data sharing among participants in a permissioned network will accelerate cross-border trades. It will also introduce transparency, which is crucial in order for businesses in this sector to work together cohesively.

Giesbert also stated that following the successful pilot, Batavia would start developing a production-ready solution. This will involve partnering with other financial institutions and financial technology firms as well as other thought leaders in the market.

The trade finance industry is attracting blockchain innovations, with Indian bank ICICI announcing on April 17 that it had enlisted more than 250 corporates in its blockchain platform for domestic and international trade finance transactions. Having begun developing its platform in 2016, ICICI believes that it has the potential to revolutionize trade transactions, which are known to be quite document-intensive. The platform allows clients to implement trade finance transactions via secure smart contracts, track data in real time, and digitally authenticate ownership of assets.

EU Parliament Votes to Tighten Controls on Cryptocurrencies and Require Registration of Exchanges

Today, April 20th, EU Parliament voted in a December agreement by 574 votes to 13 votes (with 60 abstentions), which proposed tighter regulation for digital currencies in attempts to prevent the coins from being used for money laundering and terrorism financing.  The agreement will also permit EU citizens to learn about the true owners of

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Today, April 20th, EU Parliament voted in a December agreement by 574 votes to 13 votes (with 60 abstentions), which proposed tighter regulation for digital currencies in attempts to prevent the coins from being used for money laundering and terrorism financing. 

The agreement will also permit EU citizens to learn about the true owners of ‘letterbox companies,’ lessens the anonymity of prepaid debit card holders, and seeks to protect whistle blowers who report money laundering.

Anti-Money Laundering Directive

The legislation represents the fifth and latest update to the EU’s Anti-Money Laundering Directive, which was passed in response to the 2015 and 2016 terrorist attacks in Paris, Nice, and Brussels, as well as the Panama Papers leaks. 

“Criminal behaviour hasn’t changed. Criminals use anonymity to launder their illicit proceeds or finance terrorism. This legislation helps address the threats to our citizens and the financial sector by allowing greater access to the information about the people behind firms and by tightening rules regulating virtual currencies and anonymous prepaid cards,” spokesperson Krišjānis Kariņš said of the Directive.

Know Your Customer Verification for Cryptocurrencies

The EU Parliament’s new measures address potential risks associated with cryptocurrencies and prepaid debit cards. In a bid to end the anonymity associated with digital currencies — which is unlikely to go over well in the cryptosphere — exchanges and wallet providers will, like banks, have to apply customer due diligence controls, including Know Your Customer (KYC) verification requirements. 

Exchanges and wallet providers will also have to be registered, as will currency exchanges and check cashing companies.

Access to Information Regarding True Owners of Companies

The reforms will also give EU citizens the right to access information on the true owners of firms which operate in the European Union. This move, the EU Parliament believes, will help end the use of ‘letterbox companies’ created to launder money, hide wealth, and help owners avoid paying taxes — a problem that received widespread attention in the wake of the Panama Papers.  

An additional measure will publicize information on owners of trusts to those who can demonstrate a ‘legitimate interest.’ This, it is hoped, will make information on trusts available to journalists and non-governmental organizations (NGOs). Further, member states will retain the right to provide broader access to information, in accordance with their national law.

“Annually, we lose billions of euros to money laundering, terrorism financing, tax evasion and avoidance – money that should go to fund our hospitals, schools, and infrastructure. With this new legislation, we introduce tougher measures, widening the duty of financial entities to undertake customer due diligence,” a second spokesperson, Judith Sargentini said.

She continued: “This will shine a light on those who hide behind companies and trusts and keep our financial systems clean. These rules will also be of enormous benefit to developing countries and their fight against illicit outflows of money which is desperately needed for investment in their own societies.”

Additional Measures 

Additional measures included in the agreement are as follows: a reduction in the threshold for identifying the holders of prepaid debit cards from €250 to €150 (about $300 to under $200); tougher criteria for assessing whether non-EU countries pose an increased risk of money laundering through closer scrutiny of transactions involving nationals from risky countries; and, protection for whistleblowers who report money laundering.

The updated directive will become law three days after its publication in the Official Journal of the European Union. Moving forward, EU member states will have 18 months to transpose the new rules into national law.

Image from Shutterstock.

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