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  • DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities

    DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities

    Bucharest, Romania, 12th December, 2022, Chainwire

    After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years. Dypius has the suffix of the nebulae in the galaxy. Nebulas are the formations of gas, dust, and other materials that “clump” together to form denser regions in the universe. They attract further matter and eventually become dense enough to form stars, planets, and planetary system objects. Dypius is the place of creation of stars, planets, and life. This is Dypius, a place to create and shape the future!

    DYP began as a DeFi protocol at the dawn of decentralized finance, offering earning opportunities on three different blockchains. However, it was clear from the start that it would be developing into much more than that. In fact, the team sought to build a decentralized ecosystem with multiple DeFi products and services.

    Soon, DYP expanded to include 12 unique products bringing value to the crypto market and its users. These solutions include the advanced analytics DYP Tools offering real-time data, market insights, breaking news, and updates on the latest market trends to empower users to make better-informed decisions.

    The newly-rebranded Dypius keeps the DYP Tools as one of the ecosystem’s most lucrative features. The same goes for the Dypius Launchpad, which supports new projects by helping them raise capital in a decentralized environment and get exposure to Dypius’ global community.

    Additionally, the team is developing the Dypius Metaverse, a unique metaverse platform integrating the CAWS NFT collection. This engaging and convenient platform offers an immersive experience with exciting environments to explore, real-time user interaction, user customization, and much more. The platform will include a standalone application and a PCVR) play-to-earn (P2E) game allowing players to use their NFTs as companions in various adventures or to check their crypto portfolios.

    Users can take advantage of the Dypius Metaverse to bring their real-life businesses into a virtual space. Moreover, users can access unique opportunities to earn rewards and in-game assets. This platform offers unlimited possibilities for regular users and businesses through sustainable growth and constant innovation.

    The DYP founder Mihai Busica commented on the protocol’s rebranding to Dypius:

    “From the beginning, I have always envisioned a project that users can benefit from in an accessible and secure environment. I am extremely proud of our expert team’s dedication and the project’s journey from a simple protocol to an advanced decentralized ecosystem. I urge our users to enjoy exploring our ecosystem and embrace each opportunity.”

    About Dypius

    Dypius, formerly DeFi Yield Protocol (DYP), is a rapidly developing DeFi ecosystem incorporating numerous versatile solutions, including yield farming, staking, NFTs, analytical tools, and Metaverse gaming. The project runs on unique smart contracts using the protocol’s proprietary anti-manipulation functionality.

    The protocol’s token, DYP, is listed on top-tier exchanges, such as Coinbase, Huobi Global, KuCoin, Gate.io, MEXC Global, Bitrue, Poloniex, and others.

    The upcoming metaverse-based P2E game allows players to socialize in the open virtual world through features like the Mall, an NFT Marketplace, a DYP Shop, and a Trade Station. Furthermore, the game will feature a balance section, enabling players to deposit DYP and iDYP tokens to their wallets, withdraw rewards, or transfer credits. 

    For more information and to stay updated, visit: 

     Website | Twitter | Telegram | Discord

    Contact

    Daniel Garett
    Dypius
    business@dypius.com

  • Why You Should Consider Using Crypto Sportsbooks In Texas

    Why You Should Consider Using Crypto Sportsbooks In Texas

    The use of cryptocurrencies in online gaming is very much alive and flourishing. It is far preferable to gambling for real money online, and it features a functioning economy full of rewards.

    People who are into the world of wagering on sports know that the Texas sports betting industry might not be the most easygoing market out there. Even though it’s not really legal for companies to offer sports betting locally in Texas, players may still place wagers on games from the National Football League, the NBA, and Major League Baseball, among other major leagues. 

    However, the state government has not yet authorized sports betting on the municipal level. In the meanwhile, bettors are just fine with signing up with a reliable offshore bookie, which is deemed completely legal to use.

    Bonuses And Deposit Matches For Sportsbooks And Casinos Are Now Available In The Crypto Market

    There are a lot of online casinos that provide limited-time incentives, and the process of transferring money from a wallet to an online casino is rapidly becoming second nature to everyone who gambles online.

    The incentives shift from one month to the next. Using cryptocurrency for gambling allows you to quickly increase your rewards with match bonuses, even if you utilize different sportsbooks.

    The Number of Cryptocurrency-Only Casinos and Loyalty Programs Is Growing Rapidly

    Casinos like Bitstarz are the only ones that take Bitcoin, and their success has inspired many other casinos to focus on cryptocurrency gaming. In order to compete with these schemes, online casinos like Betonline have begun giving reload bonuses of 35%, which is effectively the same thing as developing a cryptocurrency loyalty program. You will receive an additional 35% bonus on top of each cryptocurrency transaction you submit to the site.

    There are now specialty games that are exclusive to crypto gambling that can be played at Stake and other offshore casinos. Each of them runs on Adobe Flash and is optimized for usage on mobile devices like your smartphone.

    Deposits Flat Fee And Fast

    The majority of the time, crypto gaming sites will accept free deposits of some coins. If there is a cost associated with them, it is stated as a flat rate rather than a % of the total. Deposits made with cash are subject to a charge that is calculated as a tiny percentage of the total amount deposited. Depending on the casino, this cost might go as high as 15.9% of the amount deposited.

    Cryptocurrency Makes It Possible To Gamble Anonymously And Across Borders

    When it comes to gambling, cryptocurrencies offer players two different levels of anonymity. The first disadvantage of gambling with cryptocurrencies is that you cannot conduct the transaction through a bank. Because of this, the transactions on your debit card or the balance sheet of your credit card will not show any record of the cryptocurrency gambling deposit you made.

    Why Would You Want to Gamble Anonymously with Cryptocurrency?

    There are additional ways to maintain complete anonymity when participating in cryptocurrency gaming. When using online cryptocurrency exchanges such as Gate.io, you have the option of making deposits from a wallet that is completely separate from any of your personal information.

    Gambling Using Cryptocurrencies While Maintaining Anonymity

    If you have a virtual private network (VPN), you may gamble online from any location in the globe thanks to borderless gaming. By using this anonymous method of depositing cryptocurrency, your nation of origin will not be revealed throughout the process of depositing cryptocurrency.

    Gambling With Crypto coins May Offer More Security Than Cash Games

    While it comes to possible problems with fraud or security breakdowns when spending your money online, betting with cryptocurrency is a far safer option. The information pertaining to crypto wallets is not stored on the site. The transfer of funds from your wallet to the casino’s wallet does not need the maintenance of any of your banking details. On the Blockchain, this cryptocurrency trade may be completed without risk.

    Another unrelated good thing to keep an eye on in the world of blockchain is NFTs. One can learn more about the status of NFTs nowadays in our October 2022 report.

    You may have heard that certain casinos that provide cryptocurrency betting are less safe than others. This is one reason why we have decided to focus our attention on the same small number of trustworthy casinos and bookmakers rather than quickly opening up new crypto-only casinos. 

    Encryption and Checking for Authenticity

    When it comes to determining where a currency is going or has been, online crypto gambling makes use of the blockchain. If hackers want to steal your coin, they will need to access the database and make bogus transactions, which is an extremely tough task. This is one of the reasons, in our view, why it is advisable to stay with the main currencies, such as Bitcoin and Ethereum. When you gamble on a regular basis, you should choose coins that are easy for you to handle. The usage of alternative coins should be limited to the pursuit of unique incentives or the use of earnings toward the purchase of a coin in which you have already invested.

  • World Cup is more exciting with Welcome bonus up to 5,000 USDT from Coinplay

    World Cup is more exciting with Welcome bonus up to 5,000 USDT from Coinplay

    Willemstad, Curaçao, 12th December, 2022, Chainwire

    Coinplay is a licensed crypto sportsbook which gives an opportunity to the player to place a bet with more than 40 cryptocurrencies. Players from across the globe can have access to the large number of odds provided at the Coinplay platform and after a detailed study, a bet can be placed. A player can also place his bet with 5 different cryptocurrencies at a single time from one account.

    The FIFA World Cup is going on and the group stage is over and we are now entering the knockout stage of the tournament. Coinplay brings an opportunity for the players to get a 100% welcome bonus on their first deposit and up to 5,000 USDT  will be awarded. This offer immediately doubles the stake for a player allowing them to place more debts.

    Coinplay has a large collection of sports and esports to place bets and if a player is bored by placing bets, he can enter the world of casinos and live casinos at Coinplay. The website is designed in such a way that it becomes easier for a player to understand it and study the odds before placing the bets. To make sure that players from every corner of the world can participate, Coinplay provides 30 plus languages to understand the system.

    Both the desktop and mobile versions are available in the market of Coinplay and the interface of both versions is easy to use. A player can log in to both versions at the same time with the same account. The registration process is also easy and Coinplay has a step-by-step description of how to register. The registration process is quite similar to any other social media website and a player needs to verify his email and decide on a password. The first deposit can be made with a flat currency using Visa or Mastercard and eventually can be converted into crypto.

    Key features of Coinplay’s sportsbook and casino include:

    • Large number of odds to bet on
    • User-friendly interface
    • Easy to register
    • 100% welcome bonus
    • Flat currency can be transferred to crypto easily
    • More than 40 cryptocurrencies are accepted
    • Offers on every major tournament

    It is the football world cup season and Coinplay is running a special offer for every player . If a player bets over 2 USDT on a world cup match, he will get a lottery ticket and every lottery ticket gives a player a chance to win one of nine prizes of up to 4,000 USDT. With the help of these additional prizes, a player gets an opportunity to bet more and win more at Coinplay.

    About Coinplay

    Coinplay has been launched in November 2022. It’s a new platform with many options to place a bet on sporting events and play slots or casino games. Coinplay welcomes new users with a 100% Welcome bonus of up to 5,000 USDT, which is a great chance to double players’ first deposit! One of the key features of Coinplay are their user-friendly modern interface, support for more than 40 crypto coins, fiat-crypto exchange via third-party widget, and thousands of options of what to bet on, or which game to play.

    Contact

    Mariia Pushkinskaya
    Coinplay
    marketing@coinplay.com

  • DeFiChain Ranks #3 as this DeFi ecosystem now boasts with an on-chain governance — Top 3 Coins to Watch for Dec 12 — Dec 18

    DeFiChain Ranks #3 as this DeFi ecosystem now boasts with an on-chain governance — Top 3 Coins to Watch for Dec 12 — Dec 18

    DeFiChain Ranks #3 as this DeFi ecosystem now boasts with an on-chain governance — Top 3 Coins to Watch for Dec 12 — Dec 18

    During the second consecutive rather uneventful week, the cryptocurrency sector’s total market capitalization fell from $874 billion to around $870 billion last. All top 3 non-stablecoin cryptocurrencies have also only deviated less than 1% from their respective prices at the beginning of last week. Furthermore, only 6 cryptocurrencies from the Top 100 have posted a weekly gain higher than 10%. These cryptos are CEL (Celsius Network,), AXS (Axie Infinity), STX (Stacks), FTT (FTX Token), EOS (EOS) and APE (ApeCoin). But how to identify these hidden opportunities in an otherwise stagnant market? We believe our Top 3 Coins to watch articles can be of great help in such situation.

    3. DeFiChain (DFI)

    DeFiChain is a proof-of-stake (PoS) blockchain anchored in the Bitcoin network (a proof-of-work blockchain). This allows DeFiChain to leverage the speed and efficiency of a PoS network, which utilizing Bitcoin’s PoW chain for additional security. Launched in May 2020, DeFiChain project essentially brings smart contracts and decentralized finance (DeFi) capabilities to the Bitcoin network. DeFiChain allows users to create their own wrapped assets and mint so-called decentralized tokens (d-tokens). Most commonly the wrapped assets are other cryptocurrencies such as Bitcoin, Ethereum, and other coins and participate in DeFi (dBTC, dETH, etc.), but the platform also supports the creation of tokenized equity and other real-world assets (for example, stocks, precious metals, real estate, etc.). DFI is the platform’s native token. It is used for paying transaction fees, receiving crypto rewards, as well as participating in the project’s governance, crypto swaps, and more.

    Buy/Sell DFI

    Grand Central hard fork brings an on-chain governance to DeFiChain

    DeFiChain blockchain underwent a governance-oriented upgrade called the Grand Central upgrade on December 8. The upgrade, which marks a major step in the development of the ecosystem triggered at block height 2,479,000.

    Grand Central upgrade brough several features including a token consortium framework, fixes to the pool commission and reward system and support for masternode parameter updates. However, the most anticipated and most important feature of Grand Central was the launch of the on-chain governance (OCG), which will bring transparency of this DeFi ecosystem to new levels. As with other governance systems, users will be able to submit proposals (for example filing funding requests, votes of confidence, changing the block rewards allocation, etc.). Interested community members can follow ongoing voting processes on defiscan.live dashboard in real-time. In addition, the upgrade also introduced the DeFiChain Consortium, which was established to ensure that all decentralized digital assets issued in the DeFiChain ecosystem are backed at a 1:1 ratio. The consortium has the right to create (mint) new tokens or more importantly destroy (burn) tokens and thereby prevent the overminting of DeFiChain-based assets. DFI, which is currently trading at $0.47 looks poised to further appreciate because of the additional transparency and an added layer of security, which prevents undercollateralization of tokens issued within the environment.

    2. Axie Infinity (AXS)

    Axie Infinity is a Pokémon Go-inspired blockchain-powered trading and battling video game. The game is developed by a Vietnamese gaming studio Sky Mavis and has netted more than $2 billion in NFT sales to date. Axie infinity players utilize Ethereum-issued tokens AXS and Small Love Potion (SLP) to breed, trade and battle with their virtual creatures called Axies, each represented by a one of a kind NFT. The growing userbase and protocol revenue has made Axie Infinity one of the most expensive NFTs collections.

    Buy/Sell AXS

    Axie Contributor initiative kicks off, anticipation of new features to be brought to the game by Axie Core is rising

    Axie Infinity’s AXS saw renewed market interest in the past week because of the Axie Contributor initiative and upcoming gaming mechanics as part of Axie Core upgrade. Axie Contributor initiative is the second step of the project’s long-term strategy to further decentralize the Axie ecosystem. The project has recently selected close to 700 Lunacians from the ecosystem’s most active users, who take part in the pilot “season” of the Axie Contributors. Each participant will receive an acceptance letter, a Discord role, and most importantly access to a special “Governance” section in the Axie Infinity Discord. In the next step, Contributors will form Community Councils, which will soon take on an important role in the community and project development.

    In addition, on December 5 Axies Infinity revealed the first outlines of the upcoming Axie Core upgrade, which is set to bring several advanced game mechanics and thereby further enhance players’ experience. After Axie Core is deployed to the mainnet, players will be able to equip and upgrade their accessories, breed Axies with a more immersive breeding interface as well as have a greater role in the upbringing of their Axies through new activities such as feeding and petting. The day after the outlines of the Axie Core’s features were made public, Axie NFT trading volume shot up 800% to more than $10.4 million. At the same time AXS pumped by more than 30%, indicating that the announced upgrade was very well received by players and investors.

    1. EOS (EOS)

    EOS is a blockchain platform that allows users to deploy smart contracts, run decentralized applications (DApps) and issue custom tokens. It launched its mainnet in June 2018 following a record-breaking initial coin offering (ICO), in which more than $4 billion were raised for the blockchain’s development. While many other chains such as Ethereum, TRON, Solana and other similar blockchains offer roughly the same features, EOS aims to distinguish itself from the competition through its improved scalability and faster transaction speeds. The chain utilizes a delegated proof-of-stake (DPoS) consensus model and boasts with the capacity to perform over 3,000 transactions per second (TPS).

    Buy/Sell EOS

    EOS gains more than 12% as Binance launches support for USDT withdrawals and deposits through EOS Network

    Last week Binance announced that they have integrated EOS Network-based USDT transactions. In other words, Binance listed EOS-based Tether (USDT), which allows Binance users to seamlessly transfer USDT in and out of the EOS Network without having to use a third-party bridge or swap their Tether for EOS or another cryptocurrency. The EOS Network Foundation noted that it took a lot of effort to reach this stage and hopes that the new seamless on-ramp will bring even more liquidity to the EOS ecosystem. In addition, the Foundation aspires for EOS to become the go-to network for transacting USDT stablecoin due to its top speed, good security, low cost, and high energy-efficiency.

    In addition to Binance’s EOS-USDT integration things are also moving forward with the $100 million EOS ecosystem fund announced in November. The EOS Network Foundation (ENF) is in the process of establishing EOS Network Ventures (ENV), a separate entity that will manage the selection of projects and allocation of grants. ENF noted that the newly established ENV will make strategic equity and token-based investments across the Web3 space. As part of the ecosystem fund program, ENV will invest in GameFi, the metaverse, eSports, NFTs, and fintech projects building on EOS. To prevent any conflict of interest or other wrongdoing, the allocation of funds will be supervised by EOS Network validators. Thanks to the integration of EOS-based USDT on Binance and the recent announcement of the $100 million EOS ecosystem fund, EOS appreciated by more than 12% last week and landed among the largest gainers in the past week. However, EOS is very well-positioned for this week’s appreciation as well as long-term positive performance.

  • Digital Identities: Why Self-Custody is the Future

    Digital Identities: Why Self-Custody is the Future

    What is a digital identity? Quite simply, your digital identity is the collection of information that makes you unique online. It can include anything from your name and email address to your social media profiles and purchase history.

    As more and more of our lives move online, it’s become increasingly important to safeguard our digital identities. This is where self-custodial wallets come in. With a self-custodial wallet, you hold the keys to your own crypto assets, meaning you’re in complete control of your funds.

    Why Self-Custodial Digital Identities Are Becoming More Important

    As the crypto industry matures, it’s becoming increasingly evident that security is of paramount importance. In the wake of recent crises, consumers are looking for ways to protect their digital assets, and self-custodial wallets are becoming an increasingly popular option.

    However, security is not limited to just digital assets. Your digital identity is also a valuable asset, and it’s important to ensure that it is safe and secure. This is where self-custodial DIDs come in.

    Self-custodial DIDs offer a more secure way to manage your digital identity. They allow you to control your own data rather than handing it over to a third party. This makes them a more secure option in the age of the Web3 movement when data privacy is more important than ever.

    ShareRing’s CEO, Tim Bos, says, “If you don’t own your data, you don’t own your identity.”

    ShareRing is one example of a self-custodial DID solution that is currently on the market. It offers a secure way to store and share your data and is perfect for anyone who wants to take control of their digital identity.

    The Benefits of Utilizing a Self-Custodial Digital Identity

    There are many! First and foremost, it gives you complete control over your data. You’re the only one who has access to your private keys, meaning you’re the only one who can authorize transactions or release information.

    Additionally, self-custodial identities provide an extra layer of security against attacks and hacks. Since your data is stored off-chain, it’s much more difficult for criminals to access it.

    Finally, self-custodial identities are crucial for the Web3 movement. As more and more services move online, it’s essential that we have a way to trust and authenticate them. 

    What Are the Mechanisms Behind Self-Custodial Digital Identities?

    Simply put, a self-custodial digital identity (DID) is an identity system based on blockchain technology that enables users to store and manage their personal data without relying on third parties.

    The idea behind these identities is to ensure privacy and control by allowing the user to fully control their information.  Each user has their own digital wallet, which functions as a secure repository for their data and also provides access to various applications via the blockchain.

    Self-custodial DIDs are powered by protocols that use decentralized authentication and authorization mechanisms for digital assets by allowing them to set permissions for each application they use. This way, users can be sure that their data won’t be used without their explicit consent.

    The Future of Self-Custodial Digital Identities

    Looking to the future, self-custody of digital identities will become increasingly important. With the rise of decentralized applications (dApps) and Web3 technologies, there is an increasing need to properly store and manage our digital identities. 

    Therefore, by taking control of our digital identities, we can keep our data secure and protect ourselves from potential data breaches while ensuring that our personal information remains private and secure.

    ShareRing’s self-custodial digital identity solution is paving the way for users to take complete control of their data and personal information. With ShareRing’s easy-to-use platform, users can create verified DIDs that are securely stored in their own wallets. This allows users to have full control over their identity while also providing them with an extra layer of security when accessing dApps or other online platforms.

  • 100 BTC To Be Won in MEXC’s World Cup Futures Individual Trading Competition – December 2022

    100 BTC To Be Won in MEXC’s World Cup Futures Individual Trading Competition – December 2022

    As the final eight teams: Croatia, Brazil, Netherlands, Argentina, Morocco, Portugal, England, and France enter the quarter-finals, the World Cup is looking to be increasingly fierce and interesting!

    During the same period, MEXC’s “World Cup 2022 Futures Trading Competition” will be available to all Futures traders. As mentioned in the announcement, a total of 100 BTC was issued and awarded to Futures users participating in the event.

    According to the rules of the event, users can sign up to participate from 00:00 on November 25th to 23:55 on December 18th (UTC). The official competition is from 00:00 on December 1st to 24:00 on December 18th. During the event, specific rules and requirements must be met. Users can unlock and share a total prize pool of 100 BTC, share a single-day prize pool of at least 13,500 USDT, and share a daily prize pool of 100,000 USDT turntable rewards. As of December 7, MEXC has completed the distribution of rewards for the single-day schedule for seven consecutive days.

    The World Cup and the cryptocurrency market have a natural fit, and major trading platforms have  taken advantage of this period to launch different activities in conjunction with the World Cup. Previously, MEXC and Binance have both launched activities related to fan tokens. This time, according to the World Cup schedule, MEXC held a trading competition with 100 BTC for Futures transactions. It is currently one of the platforms with the highest release in prize money activities of all networks.

    The information shows that MEXC perpetual Futures supports 180 trading pairs of more than 170 cryptocurrencies, covering all Web3 focuses such as public chains, cross-chains, DeFi, GameFi, DAO, Meme, and more. The MEXC platform has the most listings of cryptocurrency trading categories amongst all networks.

    According to the report from Cointelegraph, in September this year, the liquidity of the MEXC’s Futures reached first place in the world, which is a conclusion based on analyzing the transaction data of the top 50 currencies ranked by market value. Just at the beginning of December 2022, the MEXC Futures business also achieved significant growth, and the average daily transaction volume increased by 1,200%.

    About MEXC：

    MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, ETF, futures, Staking, NFT Index, and more. MEXC currently serves more than 10 million users worldwide and embraces the philosophy of “Users first, MEXC’s Changing for you”. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.

    Contact:

    Company Name: MEXC

    Name: Jenny Sun

    Email: media@mexc.com ​

  • European Central Bank Criticizes Bitcoin in a Recent Blog Post

    European Central Bank Criticizes Bitcoin in a Recent Blog Post

    europe european union eu cover image

    Key takeaways:

    • Last week, the European Central Bank (ECB) published a blog post criticizing Bitcoin
    • The ECB wrote that crypto regulation might be mistaken for approval that legitimizes crypto assets
    • Called Bitcoin’s last stand, the post failed to acknowledge the nascent state of blockchain technology, and scalability-focused solutions like the Lightning Network

    ECB’s criticism fails to acknowledge constantly evolving tech and solutions like the Lightning Network

    The European Central Bank (ECB) recently published a blog post warning of the potential risks of Bitcoin and other cryptocurrencies, called Bitcoin’s last stand.

    Many experts, like research analyst at CoinDesk George Kaloudis, are not convinced by the pessimistic outlook outlined in the ECB’s writings. The blog post argues that Bitcoin (BTC) is a “toxic” form of currency that fails to meet the criteria of a successful currency. According to the post, Bitcoin is subject to extreme volatility, illiquidity, and a lack of trust and transparency. 

    The post claims that Bitcoin does not serve as a store of value or a medium of exchange.  Despite the ECB’s warnings, many experts remain unconvinced. They argue that the post fails to take into account the potential benefits of Bitcoin, such as its decentralized nature, its ability to facilitate cross-border payments, and its potential to revolutionize the finance industry.  

    Moreover, the post fails to recognize that Bitcoin is still in its nascent stage, and that its underlying technology is constantly evolving. In fact, many of the issues the ECB cited, like problems with scalability and slow transaction processing speeds, have been addressed by recent technological advancements, such as the Lightning Network.

    Central banks are against private cryptocurrencies like Bitcoin, but continue to champion CBDCs

    Ultimately, the post is a reminder that the ECB remains skeptical of Bitcoin and other cryptocurrencies. The following excerpt summarizes the content of the blog post pretty well:

    Bitcoin is … not suitable as an investment. It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold).

    The ECB is not alone in its stance, as its central banking peers around the world have repeatedly taken jabs at Bitcoin over the years. Earlier this year, for instance, US Treasury Secretary Janet Yellen warned that Bitcoin is an “extremely inefficient” way to conduct monetary transactions, due to its reliance on blockchain technology and Proof-of-Work (PoW) consensus algorithm.

    Interestingly, when asked about central bank digital currencies (CBDCs), Yellen said that they “could result in faster, safer and cheaper payments.” CBDCs are effectively fiat currencies, like USD, GBP, and CNY, issued on the blockchain. Virtually all major countries are working on CBDCs, including the United States, China, India, the United Kingdom, and the member states of the European Union.

  • ‘Grand Central’ Hard Fork Brings On-chain Governance to DeFiChain

    ‘Grand Central’ Hard Fork Brings On-chain Governance to DeFiChain

    DeFiChain (DFI) cryptocurrency logo cover image

    Key takeaways:

    • Grand Central, a governance-oriented upgrade for DeFiChain, went live on December 8 at block height 2,479,000
    • The hard fork brought on-chain governance and improvements to transparency and minting of decentralized tokens on DeFiChain
    • DeFiChain co-founder U-Zyn Chua said that the upgrade is “a major step for the whole ecosystem”

    The highly anticipated DeFiChain upgrade sets the stage for accelerated community growth in 2023

    DeFiChain, a blockchain company leveraging the security of the Bitcoin network to expand the decentralized finance (DeFi) ecosystem, rolled out the Grand Central upgrade on its network earlier today.

    The hard fork went live at Block Height 2,479,000, bringing several new features to the growing network, which has recently overtaken Solana in terms of total value locked (TVL) on its rails. The list of features includes on-chain governance (OCG), a token consortium framework, pool commission and reward fixes, and support for masternode parameters. 

    With the Grand Central rollout, the DeFiChain community seems primed to take the next step in growth and transparency. Speaking about the major development, DeFiChain co-founder U-Zyn Chua noted:

    “Grand Central marks a major step in DeFiChain’s governance structure since it is implementing on-chain governance. This makes the voting processes perfectly transparent, easier and strengthens the governance structure of DeFiChain. A major step for the whole ecosystem.”

    As a part of OCG, members of the community will be able to submit proposals for development fund requests, votes of confidence, and block rewards reallocations. The proposals will end up being implemented if they receive sufficient support from masternode owners. The vote tally for eligible proposals, and voting itself, will be made available on the defiscan.live dashboard, in real-time.

    DeFiChain Consortium is set to increase transparency and prevent overminting

    One of the core features of the DeFiChain ecosystem is the so-called decentralized tokens (dTokens), which can be minted by anyone on the chain, as long as 100% of the minting value is backed with collateral. Sparing the technical details, DeFiChain allows for the minting of decentralized wrapped assets that track both crypto and traditional assets via dedicated price oracles – for instance, Tesla (dTSLA) and Ethereum (dETH).

    Thanks to the DeFiChain Consortium launched as a part of Grand Central, the 1:1 backing of decentralized digital assets in the DeFiChain ecosystem will be enforceable via blockchain, with each member of the Consortium having their own key for creating (minting) and destroying (burning) tokens. 

    Consortium members will have to provide the full backing amount in DFI or DUSD, which will be locked in a smart contract for the duration of two days. The amount of tokens pledged for backing will mint how many new tokens can be minted.

    Overall, the on-chain governance and the Consortium token framework will elevate transparency in the ecosystem and provide an additional layer of security against overminting.

  • Why Crypto Gambling Sites Are So Profitable

    Why Crypto Gambling Sites Are So Profitable

    Crypto gambling sites operate in the same way as traditional online casinos and sportsbooks, yet they’ve managed to generate profits at a higher rate.

    Part of the reason for that is that cryptocurrencies naturally target a younger audience with a higher tolerance for risk. This makes crypto investors the ideal customer that online gambling sites want to attract.

    The best crypto gambling sites also offer instant deposits and withdrawals with no transaction fees, along with additional privacy protection for players.

    While regulated sportsbooks struggle to achieve profitability, Stake.com, one of the most popular crypto gambling sites, recently received a valuation approaching $1 billion.

    To maintain profitability over a longer period of time, bitcoin casinos need to be well-reviewed by leading websites and customers alike.

    Below, we’ll break down a few of the reasons why crypto gambling sites are so profitable:

    1. Younger audience
    2. Targets customers with higher risk tolerance
    3. Instant deposits and withdrawals with zero transaction fees
    4. High rollers prefer privacy and anonymity
    5. Global positioning with fewer restrictions
    6. Fewer costs and barriers to entry

    1. Crypto Gambling Sites Attract A Younger Audience

    While online gambling sites are available to bettors aged 18 or older, crypto gambling sites tend to generate more interest from young people.

    According to research by the Fantasy Sports and Gaming Association, the average online sports bettor and casino player is approximately 38 years old.

    Cryptocurrencies attract a much younger audience. In fact, Forbes reported that 43 percent of US males aged 18 to 29 had invested in crypto in 2021. 

    Since cryptocurrencies naturally attract a younger audience, crypto gambling sites tend to be more profitable.

    According to responsiblegambling.org, gambling participation typically increases and peaks during young adulthood. Younger players are also more likely to chase losses and bet more than they can afford to lose.

    Attracting and retaining customers is part of the challenge for online gambling sites. But by attracting a younger audience, crypto gambling sites have positioned themselves to extend the lifetime value of their customers. 

    2. Target Customers With Higher Risk Tolerance

    Investing in cryptocurrencies already involves inherent risk, which holders hope will turn into even greater returns in the long run.

    Since crypto is already considered a risky investment, many holders aren’t shy about taking chances to accumulate more of their favorite coins.

    Crypto gambling sites allow members to wager and win bets in their favorite cryptocurrency, making it an easy way to increase their exposure to crypto without increasing their investment.

    Many crypto gambling sites also offer lucrative deposit bonuses that attract players by offering to match 100% or even 200% of their first deposit in cryptocurrency, effectively boosting their bankroll in the process.

    3. Instant Deposits and Withdrawals With Zero Transaction Fees

    One of the main benefits of crypto gambling sites is the speed and reliability of transactions.

    Members can deposit and withdraw funds to and from their betting account instantaneously without incurring any transaction fees.

    Since all cryptocurrency transactions are verifiable on the blockchain, users can track their funds from their crypto wallet into their betting account.

    While crypto gambling sites do not charge any processing fees, standard fees may apply when transferring funds from your wallet.

    4. High Rollers Prefer Privacy and Anonymity

    Crypto casinos have a few special features that make them attractive to high rollers, including increased security, anonymity, and privacy.

    When using cryptocurrency as a payment method, all transactions are anonymous, allowing users to retain their privacy. They are also secure and transparent, as all transactions are recorded and verifiable on the blockchain.

    Since cryptocurrencies are deregulated, many crypto gambling sites also do not require personal identity verification. Users can simply open an account and transfer funds from their crypto wallet into their online gambling account.

    5. Global Positioning with Fewer Restrictions

    Cryptocurrencies can be bought and sold nearly anywhere in the world. 

    Unlike fiat currencies, cryptocurrencies are not backed by or associated with banks or governments from any country or region.

    That gives crypto gambling sites access to bigger markets, allowing their user base to grow at an exponential rate.

    In fact. global crypto users are expected to approach the 1 billion mark in the near future.

    The deregulation of cryptocurrencies also means that the crypto betting apps do not face the same geo-restrictions in some regions, making them more accessible to a greater number of players worldwide.

    This allows crypto gambling sites to offer the same benefits to players worldwide, allowing for improved brand messaging and customer retention rates.

    6. Fewer Costs and Barriers To Entry

    Entering the regulated sports betting market in some countries is not cheap.

    In the US, gambling is regulated at the state level, meaning operators have to pay taxes to each jurisdiction and face several other costs just to enter the market.

    In New York, sportsbooks were forced to pay $25 million upon approval of their application. Meanwhile, operators spent $450 million on gambling initiatives Proposition 26 and 27 in California but voters rejected both ballot measures.

    Since cryptocurrencies are deregulated, crypto betting sites do not have to factor in these costs, allowing them to achieve profitability faster and ultimately become more profitable. 

    What Is The Best Crypto Casino For New Players?

    For players that are interested in accumulating more crypto, Lucky Block Casino and Sportsbook is the best place to gamble online.

    Powered by its own native token, LBLOCK, the Lucky Block platform was launched less than a year ago but it has already established itself as a major player in the space. Since then, the cryptocurrency platform has secured sponsorships with boxers like Dillian Whyte, Florian Marku, and Savannah Marshall.

    To celebrate the launch of its crypto gambling site, Lucky Block is giving away 15% cashback on all losses for the first seven days, plus a chance at a $10,000 LBLOCK Airdrop in December.

    At Lucky Block, casino players can choose from over 100 separate game providers or cash in on thousands of betting markets at the Lucky Block Sportsbook.

    With excellent betting odds, exclusive games, and 24/7 customer support, Lucky Block has established itself as one of the top-rated crypto gambling sites.