Twentysix Cloud is an all-in-one, decentralized cloud marketplace, powered by aleph.im’s Decentralized Physical Infrastructure Network (DePIN). This launch marks a significant step in bridging decentralized cloud solutions with the growing demand for computing resources.
Aleph.im announces the launch of its innovative hub. Twentysix Cloud is a decentralized cloud marketplace offering a full range of blockchain-based storage, compute engine, indexing, and AI solutions for businesses and applications. By leveraging the aleph.im network, Twentysix Cloud ensures a secure, resilient, and transparent user experience. It sets a new standard for modern cloud infrastructures, utilizing tens of independent nodes worldwide.
The decentralized design of Twentysix Cloud meets the evolving needs of businesses and developers. It provides a versatile environment for a wide range of applications, empowering users through a robust architecture that seamlessly connects on-chain and off-chain data, eliminating centralized points of failure.
Twentysix Cloud now operates on a Pay-As-You-Go (PAYG) model, offering users the flexibility to pay only for the resources they use. This approach leads to lower costs due to the distributed nature of resources. Payments can be made in ALEPH, the native token of the network, or in stablecoins. This system, which charges by the millisecond, leverages Avalanche C-chain and Superfluid for optimal payment solutions.
Twentysix Cloud is enhancing its integration with EVM blockchains like Avalanche to facilitate global streaming payments. This enhancement enables a seamless Pay-As-You-Go payment system that operates effortlessly across node operators, who contribute to maintaining and securing the network independently.
Jonathan Schemoul, co-founder and CEO of aleph.im, shared, “Twentysix Cloud offers a wide range of products for companies who wish to use an alternative solution to traditional cloud services. Until today, our users needed to hold or stake tokens to use our solutions. With the introduction of our Pay-As-You-Go model, we’re excited to onboard more businesses and developers, providing easy access to a full Web3 cloud platform. Our product will incorporate DeFi components to facilitate stablecoin transactions and include fiat gateways to enhance ease of use.”
Jonathan added, “Our mission is to contribute to the open-cloud industry as a whole and drive innovation across the space, providing new ways to build, deploy, and scale more effective models for AI. By opening this technology, we are offering decentralized AI’s virtual agents and conversational AI products to all who wish to use it, in a confidential way.”
In addition to its advanced capabilities, Twentysix Cloud and aleph.im are GDPR compliant. This ensures that stakers’ personal data remains secure, and they retain ownership of their uploaded documents and metadata. These are stored on Twentysix Cloud’s decentralized storage across 80+ core channel nodes, and 250+ compute resource nodes.
About Twentysix Cloud
Twentysix Cloud is a cross-chain cloud solution powered by the aleph.im decentralized network, which offers developers access to databases, computing power, and file storage. It ensures operational resilience for applications, particularly in AI, DeFi, and gaming industries. Since 2020, its marketplace Instances and Micro-Virtual Machines have provided scalable, high-performance resources across various blockchains.
About aleph.im
Aleph.im is a decentralized physical infrastructure network that enables developers and businesses to build applications with robust features thanks to a system of connected nodes responsible for the security and functionality of the peer-to-peer network. Core Channel Nodes (CCN) play a pivotal role in network control and governance, while Compute Resource Nodes (CRN) are designed to provide distributed secure computing power, and storage, ensuring better privacy, security, and control over their data and applications.
Grand Cayman, Cayman islands, January 25th, 2024, Chainwire
Gaming, Ecommerce and DeFi applications are leveraging Sui’s singular social authentication to eliminate the biggest hurdle blocking mainstream audiences from web3.
Sui, the rapidly ascending Layer-1 blockchain created by the leaders of Facebook’s Diem project, today announced that over 10 decentralized applications (dApps) in the Sui ecosystem have integrated zkLogin, the first-of-its-kind primitive that makes Web3 login as simple as signing in with familiar web credentials such as Google or Twitch.
Sui continues to advance zkLogin, adding new providers and additional features such as multi-sig capability and more. Thanks to these recent additions, it’s estimated that thousands of users will now be able to use zkLogin and experience one of the world’s first one-click onboarding into crypto.
“zkLogin is a native utility unique to Sui that empowers developers to offer users the ability to use the same social logins they use everywhere else to authenticate with web3 applications,” said Kostas Chalkias, Co-Founder & Chief Cryptographer of Mysten Labs, the a16z and Circle-backed company that created the Sui Network. “As we enter the next phase of adoption, the existence of tools like zkLogin will become a prerequisite to onboard mainstream users into the decentralized web.”
Among the wallets that now support zkLogin are Chrome-based wallets such as Ethos Wallet and Sui Wallet. zkLogin is now also integrated into mobile applications (both on Play Store and AppStore) by using Suiet and Surf Wallet.
Similarly, web3 gaming experiences such as Suilette and Quantum Temple are using zkLogin, to give their users an easier, more intuitive onboarding experience.
Lastly, DeFi applications on Sui are also taking advantage of this unique strength of Sui. Well-known protocols like DegenHive, Blockbolt, Aftermath, Navi, and BlueFin have integrated the technology, allowing users to manage their digital assets and participate in financial activities without the hassle of managing private keys.
“zkLogin is a game-changer in Web3 and particularly in DeFi,” said Zabi Mohebzada, Co-Founder at Bluefin. “With zkLogin, users only need a Google account to sign up and trade. No wallets are required. This enables us to unlock the security benefits of decentralized trading for a much broader universe of investors.”
Launched in 2023 as one of the first industry solutions for Web2-based authentication for Web3, zkLogin makes it possible for users to join the Sui ecosystem without having to install separate wallets or memorize and manage seed phrases.
The introduction of cryptocurrency into gambling has created valuable opportunities for both industries. Cryptos used in gambling are gradually revolutionizing the sector and attracting new users by offering advantages not typically available with non-crypto gambling. With crypto, users enjoy privacy, increased security, transaction transparency, quick transactions, and cheap fees, among other factors. Some of the best gambling cryptos to watch out for as 2024 begins include:
Bitcoin (BTC)
Bitcoin is the most common cryptocurrency used on gambling platforms. It is the world’s largest crypto by market cap and the asset with the highest level of adoption among the more than 11,000 active cryptos in the market, according to CoinGecko. Bitcoin was originally designed as a peer-to-peer cryptocurrency and not intended for use in sectors like gambling. However, its growing recognition and use cases have encouraged online casinos to accept crypto customers, expanding its customer base beyond traditional fiat users.
As the de-facto cryptocurrency of choice, all crypto gambling sites accept Bitcoin. Most require one blockchain confirmation before the deposit is credited. This means waiting about 10 minutes (source: https://readwrite.com/cryptocurrency/best-bitcoin-gambling-sites/).
Bitcoin’s global acceptance and high liquidity make it a top choice for online casinos, solidifying its position as the leading crypto asset for gambling.
Enjin Coin (ENJ)
Established in 2017, Enjin Coin has enjoyed recognition for its focus on blockchain technology and non-fungible tokens (NFTs). While the token was initially launched specifically for gaming, its NFT solutions are also applicable to gambling to promote transparency and ownership.
ENJ facilitates the tokenization of assets and can help represent these assets using NFTs on blockchains. This design helps to tokenize in-game assets like digital chips, giving players a solid sense of belonging via true asset ownership. In addition, ENJ supports provably fair gaming, a type of technology based on cryptography, which ensures online casinos operate fairly and reduces the risk of foul play.
In addition to simply supporting the tokenization of gambling assets via NFTs, the ENJ ecosystem’s design facilitates interoperability. This expands the general network of online casinos, allowing users to interact with each other across platforms, exchanging NFTs and other crypto tokens. Through ENJ, users and service providers can design platforms and tokens that serve multiple purposes, helping to build a robust gambling community and ecosystem.
Ethereum (ETH)
Ethereum is the second-largest cryptocurrency, running on one of the most versatile blockchains in the industry. The asset is the native token of the Ethereum blockchain, which is very popular for its smart contract functionality. Gambling platforms can use these self-executing contracts to automate the deposit, wagering, and playing processes while using ETH tokens for user deposits and withdrawals. Via smart contracts, service providers can also ensure transparency and trustlessness.
Another advantage here is the token standards on the Ethereum blockchain. Online platforms that accept Ether are indirectly supporting one or more token standards, such as the ERC-20 and the ERC-721. Support for token standards allows these platforms to seamlessly integrate new compliant gambling tokens and facilitate playing with existing ones, which may be useful for live games or special tournaments between casinos.
Chiliz (CHZ)
CHZ is the native token of the Chiliz ecosystem, popular for enabling fan engagement and user participation. Running on the proof-of-authority (PoA) Chiliz blockchain, the ecosystem popularized fan tokens – digital assets fans use to interact with their favorite sports events or teams. These tokens give users early access to events, special privileges, and can be used to purchase merchandise.
The Chiliz platform operates Socios.com, its own exchange platform for trading CHZ and fan tokens. While the exchange provides an easy way to acquire these assets, it is also an excellent source of liquidity for fan tokens. In addition, the platform is a great way for gambling service providers to offer sports enthusiasts and gamblers an excellent way to interact, join sports or gambling communities, and bet on their favorite teams.
Theta Token (THETA)
The Theta project was launched in 2018 and was designed to fix problems around streaming and general video delivery. It is a decentralized video delivery network focused on affordable and efficient video streaming, leveraging shared bandwidth and computing resources.
Theta’s ecosystem can significantly improve gambling, especially with sports betting, where live streaming events is essential. In addition, the protocol is excellent for streaming other casino games, including poker, baccarat, and roulette, which can be played in real-time. The decentralized nature of the network makes this easy by solving problems with latency, buffering, and general picture quality typical of centralized options.
Theta also enforces an earning model encouraging users to share their computing resources for better video streaming. This method helps keep the ecosystem running and contributes to its scalability. The more scalable the network is, the more it can deliver videos and attract bettors looking to win big from gambling.
Within 72 hours of its presale launch on the 17th of January, Bitbot raised an incredible $300,000.
Bitbot aims to lead the market for Telegram trading bots, a rapidly growing segment of the trading app market that has seen a considerable $7 billion in lifetime trading volume.
Telegram trading bots let traders manage a cryptocurrency trading portfolio within Telegram’s app. In practice, this means those investors with heavy telegram usage, which of the 800 million active Telegram users is substantial, no longer need to operate across two applications to manage their trades: an exchange and the Telegram app. Furthermore, Telegram trading bots offer all of the automated trading features seen in exchange apps, bringing the best of two worlds together into one seamless package.
Bitbot’s Technical Product Advisor, Andrew Jacobs, commented: “As we experience a pivotal point in Web3’s evolution, I’m happy to announce Bitbot’s launch. Our mission is to equip retail traders with powerful institution-grade tools in a simple and intuitive trading interface that is backed by robust security. We have a great team and I am looking forward to driving the product’s evolution and meeting the Bitbot community on our regular AMAs, which will be announced on our social channels throughout the presale.”
The Bitbot team is looking to act quickly with a comparatively small $4.3 million raise target, predicting a rapid presale, with prices starting at $0.0100 and ending at $0.0200, potentially offering 100% gains for the early investors prior to the project listing. An additional incentive is the attractive proposition that Bitbot token holders will receive 50% of the company’s profits distributed as a percentage of their holdings once it launches this year.
Bitbot (BITBOT) is available to buy on the official site.
Bitbot’s Push for Mass Market Adoption
Telegram trading bots enhance convenience by enabling users to execute the entire trading process within Telegram, the preferred messaging platform for crypto, bypassing the frequently convoluted user experience associated with exchanges.
Whilst trading volumes on Telegram trading bots have been impressive, it’s obvious that there is still a majority share left in the pie currently dominated by traditional cryptocurrency exchanges. Even Bitspay, consistently ranked among the top 70 exchanges on CMC, has a volume similar to that of all the Telegram trading bots combined. The sheer scale of the opportunity becomes evident in terms of the potential market share, and it’s this kind of potential that’s driving the product and development team and Bitbot to deliver a product suitable for mass adoption.
This is arguably one of the issues with Bitbot’s competitors. Telegram trading bots can be stubbornly complex, with many relying on user commands to operate them. Furthermore, a number of security issues have plagued even the biggest players in the market, leaving a sour taste for some but a potentially very sweet upside for the Bitbot brand.
Bitbot takes both of these issues head-on. Firstly, it gets rid of the need for complex commands by offering an intuitive in-app interface that will be immediately recognisable to exchange users.
Secondly, it offers non-custodial trading, meaning users can integrate Bitbot with their cold wallets and eliminate the uncomfortable need to give up their private keys for the bot’s powerful automated trading features to kick in. This is supported by the brand’s partnership with secure custody technology developer Knightsafe, and is thus far an unprecedented offering in the Telegram trading bot market, a truly unique and innovative approach focusing on institutional-grade asset security.
The bot offers a myriad of advanced features that will appeal to both beginner and advanced traders, from copy trading to automated sniping.
Tokenomics and Presale Roadmap
As per the project’s whitepaper, the Bitbot presale will run through Q1 and see the project list on exchanges in Q2 (unless the presale sells out early, which is possible at the current trajectory).
Allocation details include 30% reserved for the presale, 20% for the development team, 14% earmarked for marketing, 3% for liquidity, 2.3% available to the community (comprising rewards and airdrops), and 10% allocated to a treasury.
The 20% designated for the development team will undergo a 1-year vesting period, ensuring long-term commitment from the team.
Bitbot’s Impressive Journey In the Crypto Market
Unibot and Banana Gun, competing trading bots, swiftly gained prominence, with Unibot’s token price passing $230 in just three months of launch. Investors in Unibot’s presale reportedly saw gains of around 200x, according to a recent CoinDesk article.
Bitbot hopes to follow in their footsteps and its impressive raise has been aided by its community, which rapidly grew over 90K followers on X and over 5100 members on its Telegram within a week of the presale’s announcement. The project is now already in Stage 2, with the token priced at $0.011 and only 9,200,000 tokens left before the price increases by 5% for Stage 3.
Bitbot hopes to attract presale investors on the heels of the recent Bitcoin ETF acceptance and increased trading activity in the cryptocurrency market. This has drawn a significant social following and been picked up by notable crypto publications like Invezz who have already listed Bitbot among their top cryptos for 2024.
About Bitbot
Bitbot is a new Telegram trading bot that aims to put institutional-grade trading tools in the hands of retail users, to enable them to trade using a variety of advanced features including sniping and copy trading.
Audited by Solid Proof, Bitbot focuses on security and follows the motto, “your keys, your assets.” To this end the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating against counterparty risk and reinforcing this with anti-MEV and anti-rug technology.
For more information and to buy Bitbot (BITBOT) users can visit Bitbot’s website.
In recent years, the rise of digital currencies has brought about a significant shift in various sectors, notably in the sphere of online gambling. Crypto casinos, platforms where users can gamble using cryptocurrencies like Bitcoin, Ethereum, and others, have emerged as a cutting-edge trend in this space. These casinos leverage the unique features of blockchain technology, such as anonymity, enhanced security, and faster transactions, offering a distinct experience compared to traditional online casinos. This innovative approach to gambling has attracted a growing audience worldwide, drawn by the promise of lower fees, transparency in gaming operations, and the potential for higher returns.
Despite their growing popularity, crypto casinos find themselves in a complex legal landscape in the United Kingdom. As of now, these platforms are not recognized as legal entities under UK gambling laws. The UK Gambling Commission, the regulatory body overseeing gambling activities, requires all operators to have a licence. However, the current regulatory framework does not extend to cryptocurrency-based operations. This gap in legislation creates a murky environment for crypto casinos, placing them in a zone of legal uncertainty. Their status remains unregulated, and thus, effectively illegal within UK jurisdiction, posing challenges both for potential users and for the platforms themselves.
This article aims to delve into the intricate web of legality surrounding crypto casinos in the UK. We will explore the factors contributing to their current illegal status and the challenges they face in this regulatory environment.
Understanding Crypto Casinos
Crypto casinos are online gambling platforms that use cryptocurrencies as their primary medium of transaction. These casinos operate on the principles of blockchain technology, which underpins most digital currencies. In a crypto casino, players can place bets and receive winnings in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others. The use of blockchain technology ensures that each transaction is recorded in a decentralised ledger, providing transparency and security.
The primary distinction between crypto casinos and traditional online casinos lies in their use of currency and underlying technology. Traditional casinos primarily deal with fiat currencies, such as the dollar, pound, or euro, and are often subject to banking regulations and transaction fees. In contrast, crypto casinos operate with digital currencies, which allows for quicker, more secure transactions and often lower transaction fees. Another notable difference is the level of anonymity offered. Crypto casinos allow users to gamble without divulging as much personal and financial information as traditional online casinos. The facts remain that UK licensed casinos should be played for protection purposes, and you can view the UK’s top 20 online casinos here.
Crypto casinos have garnered significant appeal for several reasons. The anonymity provided is a major draw for users who prefer privacy in their gambling activities. The efficiency and speed of transactions with cryptocurrencies are also significant benefits, as deposits and withdrawals can be processed much faster than traditional banking methods.
The Current UK Gambling Laws
Gambling in the United Kingdom is regulated primarily by the Gambling Act 2005, which established the framework for controlling all forms of gambling, including sports betting, casinos, and lotteries. The Act aims to ensure that gambling is conducted fairly and openly, protect children and vulnerable people, and prevent gambling from being a source of crime or disorder.Operators must verify the identity of players to prevent underage gambling and to ensure that customers gamble within their means.
Despite the comprehensive nature of the UK’s gambling laws, they do not explicitly address the use of cryptocurrencies in gambling. This omission places crypto casinos in a legal grey area. However, the Gambling Commission’s requirement for licensing and regulation of gambling activities implicitly makes unlicensed crypto casinos illegal. The decentralised and anonymous nature of cryptocurrencies complicates compliance with AML and Know Your Customer (KYC) regulations, leading to the non-licensure of such platforms. Additionally, the high volatility of cryptocurrencies and the lack of a central regulatory authority for these digital assets make it challenging to ensure consumer protection and fair play, key components of the UK’s gambling regulations.
Traditional online gambling laws in the UK focus on fiat currencies, which are regulated by established financial institutions and governments. These laws ensure that transactions can be traced and monitored for compliance with AML and KYC requirements. While traditional online casinos can operate within the clear boundaries of UK law, crypto casinos struggle to fit into the existing legal framework, primarily due to the challenges in regulating and monitoring cryptocurrency transactions.
Challenges Posed by Crypto Casinos
Crypto casinos, while innovative, pose unique challenges under the current legal and regulatory framework of the UK. These challenges are multifaceted, involving issues related to anonymity, regulation, and broader societal concerns.
Anonymity and Regulation in Crypto Transactions
One of the most significant challenges posed by crypto casinos is the anonymity associated with cryptocurrency transactions. This anonymity can impede the effective implementation of anti-money laundering (AML) and Know Your Customer (KYC) regulations. Traditional gambling platforms are required to perform rigorous identity checks to prevent fraud, money laundering, and underage gambling. However, the anonymous nature of cryptocurrencies makes it difficult to track the source of funds and the identity of users, leading to a potential increase in illegal activities.
Issues of Money Laundering and Financial Security
The decentralised nature of cryptocurrencies poses a challenge in monitoring and controlling financial transactions to prevent money laundering. Unlike traditional banking systems, where transactions can be monitored by financial institutions, crypto transactions occur on a decentralised network, making oversight more complex. This lack of control increases the risk of crypto casinos being used for money laundering purposes, as it is harder to trace the movement of funds.
Stake.com’s Sponsorship of Football Clubs
An example that highlights the growing influence of crypto casinos in the UK is the sponsorship of major football clubs like Everton and Watford by Stake.com, a prominent crypto casino and sports betting platform. These sponsorships have brought the issue to the forefront, showing how crypto casinos are seeking legitimacy and mainstream acceptance despite their uncertain legal status. Such sponsorships can be seen as an attempt by crypto casinos to gain public trust and visibility, yet they also raise concerns about promoting gambling platforms that operate outside the traditional regulatory frameworks.
Potential for Underage Gambling and Addiction Risks
Another concern with crypto casinos is the potential for underage gambling. The anonymity provided by cryptocurrencies can make it easier for minors to access gambling platforms, bypassing age verification processes. Additionally, the highly accessible and engaging nature of online gambling, especially when combined with the allure of cryptocurrencies, may increase the risk of gambling addiction. The lack of robust regulatory frameworks for crypto casinos means that there are fewer safeguards to prevent and address problem gambling and to ensure responsible gambling practices.
International Perspective To Crypto Casinos
The global response to crypto casinos varies widely, with some countries embracing them under strict regulations, while others outright prohibit them. This diverse international landscape offers valuable insights and potential lessons for the UK.
Malta, often considered a leader in the online gambling industry, has extended its regulatory framework to include crypto casinos. The Malta Gaming Authority (MGA) has implemented specific guidelines for the use of blockchain and cryptocurrencies in gambling. These regulations focus on ensuring transparency, fairness, and compliance with anti-money laundering standards. Similarly, Curacao, another hub for online gambling, has provided a legal framework for crypto casinos. Curacao eGaming grants licences and monitors crypto gambling operators, ensuring they adhere to certain operational standards. These examples show that with robust regulatory measures, the integration of cryptocurrencies in gambling can be managed effectively.
Conversely, countries like China and South Korea have taken a more prohibitive approach. China’s blanket ban on online gambling extends to crypto casinos, aligning with its broader crackdown on cryptocurrencies. South Korea also prohibits online gambling, including crypto-based platforms, largely due to concerns over gambling addiction and potential financial crimes. These examples demonstrate the challenges and complexities associated with regulating this new form of gambling, leading some countries to choose prohibition as a simpler, more effective solution.
The UK can learn from these international experiences. The approach of Malta and Curacao suggests that a regulated environment for crypto casinos is possible, focusing on consumer protection, transparency, and compliance with financial regulations. The experiences of China and South Korea highlight the importance of considering social implications and the potential for misuse. For the UK, a balanced approach might involve developing a specific legal framework for crypto casinos that addresses these unique challenges while allowing for the innovation and growth offered by this new form of gambling. This would involve clear guidelines on transparency, player protection, and financial security, ensuring that the benefits of crypto casinos can be enjoyed in a safe and regulated environment.
The Future Outlook in the UK For Crypto Gambling
Government Stance and Regulatory Discussions
The UK government’s current stance on crypto gambling is one of cautious observation. While there have been no definitive movements to legalise crypto casinos, the rapid growth of digital currencies and their integration into various sectors has not gone unnoticed. Discussions within regulatory bodies, primarily the UK Gambling Commission, hint at a future where crypto gambling might be addressed more directly. The government’s approach is likely to be influenced by a desire to maintain strict standards for gambling operations while acknowledging the evolving landscape of digital currencies.
Expert Opinions and Predictions
Experts in the field of online gambling and blockchain technology offer varied predictions for the future of crypto casinos in the UK. Some foresee a gradual move towards regulation and integration, citing the potential economic benefits and the increasing difficulty of ignoring the crypto trend. Others caution against hasty legalisation, pointing to the challenges in ensuring player protection and compliance with financial regulations. The consensus, however, leans towards eventual regulation rather than outright prohibition, acknowledging the growing user base and technological advancements in this sector.
Impact of Technological and International Policy Changes
The future of crypto casinos in the UK is also likely to be shaped by broader technological advancements and international policy shifts. As blockchain technology becomes more mainstream and user-friendly, it could prompt a reassessment of its role in gambling. Additionally, the UK may take cues from international regulatory models, learning from the successes and failures of other jurisdictions. The increasing global interconnectivity means that decisions made in one country can have ripple effects elsewhere, potentially influencing the UK’s approach to crypto gambling.
Remaining Illegal Seems The UKGC Way
Throughout this article, we’ve explored the extreme nature of crypto casinos, from their operational differences compared to traditional casinos, to their current legal status in the UK, and the varied international approaches to their regulation. The balance between regulation and innovation emerges as a central theme; the UK faces the challenge of integrating the innovative potential of crypto casinos within a regulatory framework that ensures fairness, security, and protection for users. As technology advances and global trends evolve, the UK’s stance on crypto gambling is likely to undergo significant changes. The future of crypto casinos in the UK, therefore, represents a dynamic intersection of technological innovation and regulatory adaptation, signalling a new horizon in the gambling industry.
The cryptocurrency realm is widespread, with new projects and innovations always emerging. The recent emergence of BlockDAG (BDAG) in the crypto sphere stoked the embers of excitement in the crypto community, attracting TRON (TRX) and Dogecoin’s (DOGE) investors. Amidst TRON hitting a milestone despite huge obstacles and Binance allowing for a 75x leverage on DOGE, BlockDAG Coin is attracting investors with its innovations, clear roadmap, and X-Series miners, which include x1 mobile mining app and home mining rigs.
TRON Celebrates USDT’s $50 Billion Milestone
The TRON community erupted in excitement recently as Tether (USDT), a popular stablecoin pegged to the US dollar, surpassed $50 billion in total supply for the first time. This milestone, announced by TRON founder Justin Sun on social media, marks a major achievement for both Tether and the TRON network.
With over 36.5 million Tether holders, the milestone represents widespread adoption and trust in the stablecoin’s stability. Further solidifying its position, Tether’s liquidity on decentralized exchanges also experienced a slight increase, reaching $63.76 million on January 13th.
Binance Launches 75x Leverage on DOGE
On the other hand, leading crypto exchange Binance expands its trading landscape by launching a USDC-margined Dogecoin Perpetual Contract, offering users exposure to DOGE with up to 75x leverage. Starting January 18th, 2024, this latest addition signifies Binance’s commitment to providing users with diverse and dynamic trading options.
With a capped funding rate, 24/7 trading availability, and a promotional fee discount, the DOGEUSDC contract offers some features for traders. Additionally, the Multi-Assets Mode adds a layer of flexibility by allowing users to leverage various assets like Bitcoin for trading, catering to diverse trading strategies.
However, investors are attracted towards BlockDAG Coin as it carves a distinct path by uniting user-friendliness with cutting-edge technology. This approach is evident in its diverse mining options, allowing miners to reap yield with different income streams and innovative blockchain architecture.
Their approach to mining products is democratized, enabling everyone to get BDAG with BlockDAG x10, x30, and x100 machines that provide powerful home-based solutions. The BlockDAG x1 app, available on popular app stores, allows users to mine up to 125 BDAG coins daily.
Furthermore, to make things easy for the community, BlockDAG leverages innovative technology to produce a robust network. The Directed Acyclic Graph (DAG) structure is advanced and far outshines the conventional blockchains, offering better scalability and security whilst retaining decentralization.
Coupled with a Proof-of-Work consensus mechanism, it bolsters transaction integrity, displaying BlockDAG’s dedication to security. This user-centric and innovative approach has positioned BlockDAG Coin as a compelling option for novice and experienced cryptocurrency participants.
The Final Take
The three projects are all making significant strides in the cryptocurrency space. TRON is helping to make stablecoins more accessible to a wider audience, Binance is providing users with more options for trading cryptocurrencies, and BlockDAG Coin is making it easier for people to mine cryptocurrency. It will be interesting to see how these projects develop in the future and their impact on the overall cryptocurrency landscape.
Ethereum (ETH), Chainlink (LINK), and BlockDAG (BDAG) are all making headlines in crypto, each with its unique features. Ethereum is expected to see changes after the approval of Spot Bitcoin ETFs, while Chainlink stays strong and aims for higher highs, providing important services.
In addition to its impressive $1 million presale success, BlockDAG is emerging as an eco-friendly project by releasing miners that use less energy and prioritize environmental responsibility. Let’s cut to the chase and take a closer look at what’s happening in the world of crypto.
What’s in Store for Ethereum?
U.S. regulators have approved Spot Bitcoin ETFs, sparking discussions about a potential Ethereum ETF approval in 2024. We consulted ChatGPT for Ethereum’s potential price changes. If approved, the positive scenario suggests a big increase in demand, possibly pushing Ethereum above $3,000. However, the tool warns that market factors and institutional interests play a role.
Conversely, a negative scenario sees a short-term drop in Ethereum’s price as traders may sell after the news. Important figures, like BlackRock’s CEO, think a spot in Ethereum ETF could be valuable. Currently, Ethereum is at $2,548, showing weekly gains of over 13%. The impact on Ethereum’s price depends on overall market feelings.
Could Chainlink Hit the $20 Mark?
Chainlink has remained strong while other altcoins faced challenges. It reached $15.7, a bit below last week’s peak of $16, and has surged by almost 30% from its lowest point this year, making it one of the best-performing coins. Chainlink is important in the crypto world as it provides services called oracles that connect different data types. It’s widely used in DeFi projects like Aave and Synthetix, handling over $9 trillion in transactions.
Chainlink is also a big player in tokenization, turning assets into tokens. Experts believe trillions of dollars of assets will be tokenized, and Chainlink is ready for that. Technical analysis suggests it might keep increasing, with $17.70 as a target.
BlockDAG Network: The Responsible Crypto
BlockDAG Network is performing well in the crypto market by raising $1 million in just one day during its batch 1 presale. This success shows that more early investors believe in the project’s potential, proving BlockDAG a good investment poised to get even more support as it goes through the next batches. BlockDAG uses a special structure alled Directed Acyclic Graph (DAG) and a Proof-of-Work (PoW) method to ensure it can grow and stay decentralized. This makes it one of the most advanced blockchains with fast speeds and strong security.
BlockDAG differentiates itself because it cares about the environment. It utilizes PoW efficiently, using less energy and being more eco-friendly. This makes it a smart choice for investors who care about the environment and want to support a responsible cryptocurrency.
BlockDAG Network: Step Into The Future
To sum up, the market is having surprises that were not expected at all, especially with Ethereum, Chainlink, and BlockDAG Network. Ethereum might see good effects after the approval, while Chainlink is already performing well and helping with decentralized finance.
On the other side, BlockDAG is rising after raising $1 million in the first batch of its current presale. As BlockDAG’s presale increases, it is a wise investment for anyone seeking an innovative and environmentally friendly digital currency.
In 2017, EarnBet.io launched a world-class online betting platform with blockchain-based innovations to provide players with a more streamlined way to play and win, guaranteeing fairness, and transparency. The platform delivered an exquisite, online casino environment that rewarded players in a never-before-seen way.
Impressively, the site has processed over $1 billion in bets since launch, transferred millions of dollars worth of rewards and cashback to its users and token holders, launched several exclusive in-house games, and designed an avant-garde wallet system that makes it a breeze to deposit and withdraw top cryptocurrencies.
However, EarnBet didn’t stop there. Over the past year, the state-of-the-art began implementing a total facelift of the website, launching a revolutionary rebranding campaign aimed at reshaping the realm of online casino betting and gaming. Steadfastly engaged in rebuilding the core features of the platform and introducing new rewards programs, games, and player incentives, EarnBet is now steering towards a new and powerful stage of continuous development and growth.
The rebranding goes beyond a simple aesthetic makeover of the website; it has promised a complete paradigm shift, promising unprecedented accessibility to the best games and lucrative cashback opportunities.
Future Proofing for the Modern Player
What’s interesting about EarnBet is its commitment to quality and continuous optimizations. The company has a very talented team of developers and designers who have helped usher in a new casino architecture, making it more performance-oriented. This move has allowed EarnBet to provide players with a very attractive and adrenaline-infused world of innovative casino games and features.
The platform has introduced a flurry of exciting new games, such as their popular table games, live games, and slots. EarnBet has added games from renowned third-party casino game companies such as NetEnt, NoLimit, Pragmatic Play, and BGaming. Plus, in the coming months, EarnBet will also be adding more betting games from multiple award-winning platforms.
Moreover, the platform has also completely redesigned its user interface, implementing new and improved player-oriented features with a powerful focus on community engagement and other equally important social aspects such as tipping, live chats, and rain bots.
Introducing a World-Class Rakeback Feature
As part of their rebranding process, EarnBet has also launched a new and equally alluring cashback feature – the EarnBet Rakeback, which offers the highest Rakeback in the industry of up to 62.5%. This feature will empower users to bank varying amounts of cash rewards on every single bet they make. And the best part? It doesn’t matter whether you win or lose the bet! EarnBet’s generous rakeback program is truly the best in the business.
EarnBet‘s Rakeback feature has replaced their traditional House Edge Reduction advantage, which was originally designed to provide bettors with the opportunity to earn varying levels of payout depending on their stake points. While this feature helped players save millions of dollars in savings, EarnBet’s Rakeback will take things to a new level – offering players substantially more savings.
The Rakeback system incorporates a player’s PLP (Profile Levelling Progression) system. This means the amount of your Rakeback rewards will directly correspond to your XP (experience level). As you place more bets and win, your profile will automatically increase your XP, determining cash rewards in line with your win ratio and overall experience on the platform. The higher the XP, the more rewards you will earn on each bet placed. EarnBet also offers a way to speed up your cashback rewards by staking their EBET token.
Enhanced Provably Fair Gaming for a Level and Fair Playing Field
EarnBet games are provably fair, allowing players to verify for themselves that the results of each bet are fair. Their website also highlights a constantly updated leaderboard that mentions the names and ranks of all the platform’s top-performing players of the week as well as the currencies they have used to place bets and the amount of money they have won. It also displays the potential of earning rewards should those players continue their winning streak on the leaderboard.
There are a variety of provably fair games. This means that the house predetermines each round of each game in advance, making it impossible for the company to make any sort of change to the outcomes when players begin to place their bets during or even when they come back to continue playing the game in the future.
An Updated Library of Platform Exclusive and Popular Casino Games
The lifeblood of any online casino platform is its unique and unprecedented library of both classic and modern betting games. As part of their platform overhaul, the company has made very exciting strides in this aspect. The reimagined and cutting-edge online casino now boasts a wide variety of amazing games integrated with innovative features and additions – all to help players remain at the edge of their seats each time they play.
From highly intuitive slot games to adrenaline-pumping live table games, and much more, there is no question that EarnBet’s rebranding has upped the ante, introducing a new level of unmatched online casino gaming that can’t be found anywhere else.
What’s more, the platform has also partnered with several globally renowned game developers and companies, guaranteeing an exciting and highly accessible experience. As a player, you can expect mesmerizing game graphics and gameplay mechanics, enhanced storylines, and state-of-the-art features that pave the way for continuously electrifying adventures. The platform’s dedication and focus on offering its users a powerful and never-before-seen gaming experience is quite clear in each spin you make and every deal you win.
Dice
EarnBet was among a handful of online casinos that immediately recognized the charm and pull of dice games. And as it turns out, dice games were responsible for ushering in the new era of casino gaming. Because EarnBet was one of the first on the crypto-casino bandwagon, the company was able to optimize the interface of all its dice games, providing fantastic odds along with provably fair gameplay.
Players have the liberty to manage their chances of winning and potential payouts and the dice games themselves are well-scrutinized and authenticated by professionals.
Blackjack
If you love playing blackjack, you’ll certainly enjoy playing it on EarnBet. The interactive design of the blackjack game on EarnBet is unmatched, and therefore EarnBet’s most popular game by volume. Check it out for yourself!
Baccarat
A famous and exciting card game, Baccarat provides players with a stylish and fun interface. EarnBet has redesigned its Baccarat interface to make it infinitely easier and more fun for new and veteran players.
Hilo
Easily one of the easiest games to play on EarnBet, if you are not really into strategy based games. EarnBet clearly shows your win chances and likelihood of your prediction being correct!
EarnBet’s Exciting and Unique Rewards System
Being one of the best and most celebrated online casino platforms, EarnBet certainly offers its users a plethora of high-quality and profitable games along with a slew of exciting rewards programs and incentives. The casino provides players with a very juicy house edge, an unmatched sign-up bonus, and much more.
Say Hello to the New and Improved VIP Members Club Cashback Feature
Another reason why EarnBet is way ahead of the curve in the online casino industry is due to its customer-centric approach and focus on providing exceptional services to its most dedicated players. The site recently rolled out a new VIP Members Club, where players can earn cashback on different games and bets placed.
However, keep in mind that this service is only available for EarnBet’s VIP players. But don’t worry you can become a VIP in no time. All you have to do is reach a specific threshold in terms of bet placing and wagering. As soon as you reach or cross that threshold, the platform is going to automatically send you a personal invitation to join the VIP club.
As a recognized VIP member on EarnBet, you’ll be able to access and acquire unique and exclusive perks not available to normal players. This includes high-stakes giveaways, insights on new games and promos and discounts, support priority, enhanced voting rights, and much more. But perhaps the most interesting thing about being an EarnBet VIP member is that you’ll be able to get an extra cashback each week, paid out in cryptocurrencies.
Earning Rewards While You Play
One of the best features of EarnBet is undoubtedly its rewards program. The platform offers a variety of opportunities for players to earn rewards during their gameplay or each time they make bets. Furthermore, members can also make money from the platform by referring the company to other people. It can be your family, co-workers, friends, etc.
The more people you are successful in converting into an EarnBet patron, the more you earn. However, to be eligible for these rewards, the people you refer the platform to must sign up using your personal EarnBet referral code. Best yet, EarnBet has launched a new promotional campaign for new players registering on the website. Players who deposit $100 in an EarnBet account and fulfill the wager requirement, will be entitled to receive $50 unrestricted from the platform.
Optimized Rain Bot
EarnBet has also rolled out its Rain Bot feature where registered users will be able to claim free money 24 hours per day, just for just sticking around!
EarnBet’s New Tipping Feature
Another thing we found very unique and attractive as part of Earnbet’s rebranding strategy was their new tipping system. The platform recently introduced this feature as part of their goal to make it easier for players, and the friends they play with online, to share their funds with one another using the tipping feature integrated on their player profiles. Using the chat box, you can easily find and chat with your friends and even new people you meet and greet during your gameplay.
3rd Party Games Library
EarnBet has revamped its game library and has added several new games. Today, the platform has more than 1,000 betting games. In addition, the company has also integrated a “My Favorite Games” feature where players will be able to access an overview of the games they regularly play and love.
EBET Coins
EarnBet not only allows users an option to stake EBET coins in order to quickly progress their rakeback levels, but the EarnBet team also does very consistent buy backs of their EBET coins, which has caused the price of EBET to skyrocket in recent months.
The Best and Fastest Customer Support Portal
Along with adding more features, games, payment methods, and security to the platform, EarnBet has seriously overhauled its customer representation portal. The company offers around-the-clock customer and technical support through live chat, website messaging portal, and email. They have an experienced team of IT experts who have the resources and the skills to solve any type of complication.
Final Words
EarnBet’s rebranding isn’t just an aesthetic makeover, but a technological transformation and a leap into the future of casino gaming. This mesmerizingly new brand identity highlights the platform’s unparalleled commitment and devotion to implementing highly innovative and cutting-edge digital technology, unveiling what is a powerful, secure, and immensely user-friendly design.
Along with ensuring complete transparency and the will to empower players, EarnBet seeks to continuously elevate the casino gaming experience, consistently integrating newer tech advancements, and actively involving its wonderful community of players and supporters in the rebranding process. Be on the lookout for new cutting-edge crypto games that meld the worlds of betting, trading and sports.
Trust Wallet has developed ETH Pooled Staking, which allows more users to take part in Ethereum stakes by pooling assets to meet the 32-ETH criterion.
Higher payouts, lower costs, improved security thanks to a partnership with Kiln, and convenient in-app staking access are among the key advantages.
The functionality makes staking easier and more readily available by reducing the prior high minimum ETH balance requirement.
Trust Wallet has unveiled a new Ethereum (ETH) staking feature called ETH Pooled staking in Dubia, which now allows more users to participate in staking ETH while earning rewards.
This new development aims to “expand the Ethereum staking experience” by providing greater access, potential increased profits, and security to Trust Wallet users.
Historically, the 32 ETH minimum has been a major barrier preventing some crypto investors from participating in Ethereum’s staking ecosystem. Trust Wallet’s launch of ETH Pooled staking aims to change that. By teaming up with staking facilitator Kiln, Trust Wallet can now pool assets from a group of users to meet the 32 ETH threshold as a single validator node.
This creative new strategy from Trust Wallet expands Ethereum staking to more people by letting users pool their funds to accomplish the 32 ETH minimum buy-in. Users can stake their coins, and by TrustWallet’s numbers, this could bring in around uo to almost 4% back yearly.
According to Trust Wallet Product Lead Nate Zou, ETH Pooled Staking signifies the company’s “dedication to providing our users with a more equitable and profitable staking option.” He said it goes beyond an added feature and promotes a “more diverse and equitable crypto ecosystem.”
Benefits of the ETH Pooled Staking Services
On top of boosting profits and openness, Trust Wallet says this helps reinforce security too. By getting Kiln, they figure pooled stakers’ coins should stay safeguarded. Plus, validators aid in checking transactions, which in turn toughens up the whole Ethereum network.
This news lands right after Trust Wallet just put out their new scammer-catcher scanner for sniffing out shady decentralized apps. Easy to use apps with rock-solid security and access to decentralization – that’s what the company’s going for.
Nate Zou made a point to encourage the Trust Wallet folks to give pooled staking a shot and see how it goes. He called it a major milestone for realizing their vision of rounded, convenient and reliable solutions in the crypto space.
How do the ETH Pooled Staking Services work?
The staking feature is directly integrated into the Trust Wallet app, allowing users to get started with a few taps. Along with the scanner tool and support for 10+ million cryptos and NFTs, the wallet aims to be a portal for securely managing digital wealth.
By eliminating previous minimums, Trust Wallet is confident that its large existing user base will embrace the new staking service. Greater decentralization and profit potential for ETH holders could be unlocked as more individuals decide to stake their holdings.
