Current times

We are living in uncertain and curious times at the moment as COVID-19 tightens its grip on a global scale. We are fast approaching the 1 Million case mark, with confirmed cases sat at 951,400 at the time of writing.

What we have seen during this pandemic is unprecedented. What started in Wuhan, China has spread across the globe affecting 206 territories. Whole regions have been put on lockdown, travel has been severely restricted for most as countries look to repatriate their people and minimize unessential movements.

Schools have been closed, bars and restaurants have closed as the hospitality industry suffers while employees fortunate enough to work remotely have been told to continue their duties from home.

Even most recently Wall Street Traders are working from home, something unheard of!

Black Monday

On March 9th, global markets suffered massive losses, which is now known as Black Monday. This was largely thanks to the COVID-19 pandemic coupled with an oil price war between Russia and Saudi backed OPEC countries.  

We have seen a slowing recently of stocks being liquidated but the market continues to downtrend.  

Are we seeing a shift in traditional stocks liquidated to free up investment capital for more favorable digital assets as Bitcoin is making strides forward?  Read on to find out how you can build on your existing BTC portfolio.

Stocks take hit

As the Coronavirus effect continues to damage markets, we have seen global markets suffer severely in the first quarter of the year. The DOW Jones Industrial Average fell more than 23% and reported its worst first quarter in the history of the Index which spans 135 years. Investors have continued liquidating assets creating a bear marketplace.  

Many commentators are saying that a current market bottom has hit. That being said that doesn’t mean THE bottom has hit showing we are undoubtedly in a bear market. With bear markets in mind, this is providing a perfect chance for traders looking at going short on markets are looking to scalp on short term recoveries on markets.

You can short over 60 Stocks and 11 Indices at Award-Winning STP CFD broker, https://www.cryptorocket.com/

Join for free and start trading from as little as $10.00 today.

Indices in numbers

The DOW Jones closed with a 13.74% down in March marking the worst performing month since the 2008 financial crisis.

For the first quarter of 2020, DOW closed down -23.2% for the quarter which was the worst ¼ since the fourth quarter of 1987.

For March, the S&P closed down 12.51%, its worse since 2008.

The S&P was down 20% in the first quarter of 2020 which was also the worst single quarter since the fourth of 2008. It was the worst first quarter in the history of the S&P 500.

With Stocks taking a hit, market sentiment seems to be shifting towards Cryptocurrencies as a ‘safe haven’ for traders and investors alike.

Investor sentiment

Bear market bottoms are breeding grounds for bull markets. Look back at bear markets historically and markets do bounce back with an average bounce of 15% up from the bear bottom over the next 5 years so opportunities are still alive for long term investors.  

Market sentiment is low in Indices at the moment but some Cryptocurrencies and certain stocks are in fact, performing well.

Market bright spots

Amongst the doom and gloom of stock markets plummeting, some stocks have performed exceptionally well. Netflix and Amazon have performed well in the first quarter of the year.

Netflix was up 22% for the first quarter of 2020 showing that people are seeking to keep themselves entertained in the epidemic. Short term this will be good for streaming services however when content starts to dry up, consumers may shift to other streaming platforms with fresh material.

Amazon was up 7% for the first quarter of 2020.

‘Safe haven’ for Cryptocurrencies?

With all the chaos in markets recently we have seen a resurgence in Cryptocurrencies and in particular, Bitcoin. Cashless payment solutions are so desirable right now as lockdown is in full swing as governments work to reduce gatherings of people and emergency staff work tirelessly to control the spread of infection.

BTC price was stable around the $9,000 mark for much of February and early March until prices fell below $5,000 for the first time since December 2019.

We are now experiencing stabilization with BTC price looking to creep over $7k imminently.

You can trade on over 34 Cryptocurrency pairs with leverage at https://www.cryptorocket.com/. Sign up and start trading BTC/USD with leverage up to 1:100 for Crypto.

The Halving

There is one big event coming that is about to reshape the BTC landscape, the 3rd Bitcoin halving!

The mining reward is set to be cut from 12.5 BTC to 6.25 with the projected date set on 13th May 2020.

HODLers are scrambling to accrue more BTC as miners look to cash in before the reward is divided in 2. History has shown us that there is great volatility before, during and after the halving providing an ideal setting for scalpers.

Increase earnings by trading BTC

You can increase your BTC portfolio by trading BTC as well as HODLing. As the US looks at moves towards a digital dollar to help millions of unbanked citizens have access to aid funds, the Fed is looking had a digital wallet to hold onto funds for citizens at the same value as the Fiat dollar.

The Chinese are also looking at digitalizing the Yuan.

With these factors considered there has never been a better time to trade digital assets such as Bitcoin. With lockdown in full swing and restrictions on freedom of movement, it surely makes sense that Crypto will soon be more prominent in markets opposed to paper cash?

Rather than simply HODL your BTC, store tradeable funds in a BIT wallet at https://www.cryptorocket.com/. 

This allows traders instant access to tradeable liquidity as account balances move in line with the BTC price movement. Should you see a downward trend on the horizon, simply transfer your funds to USD, GBP or EUR to protect your investment and then short the market.

Join for the Crypto revolution for free today.

The field of finance is extremely attractive to students. Firstly, this is a very promising area, which often offers favorable working conditions. Secondly, financiers are now in demand more than ever, which will allow future graduates to easily find work. However, studying at the Faculty of Finance can be very difficult and you must be prepared for a large amount of written work. Of course, after high school, it is difficult to get used to an incredible amount of essays, fortunately, you can turn to college essay writing services for help. We, in turn, also offer you help, help in choosing a college. Do not waste time, check our list!

1. College of Financial Planning

The College of Financial Planning, created in 1972 by a group of consultants who dreamed that financial planning was recognized as an independent and recognized profession, was the first to start teaching certified financial planning. CFP is a training program that prepares consultants for CFP certification. In addition, CFP certification is the nationwide leading benchmark for financial planning. CFP certification training covers all aspects of personal financial planning, after which a comprehensive examination and the signing of an ethical act are conducted. The certification is currently managed and provided by Standards Inc. Certified Financial Planning Council, which includes more than 78,000 practitioners and 300 CFP-registered programs nationwide.

2. California Lutheran University

This is one of the colleges that offer degrees with financial planning. The University is home to the California Institute of Finance, where students can earn a Master of Business Administration (MBA) in financial planning. A graduation certificate program in the same field of study is also available. Students at the institute can join national financial planning organizations or networks with financial planning companies.

3. California State University, Fullerton

This is one of the universities that offer degrees with financial planning. The program is in the finance department of Business College, the largest business school accredited by AACSB on the West Coast. Correspondence funding provided students with the opportunity to attend financial planning conferences and learn from opinion leaders.

4. Boston University

This popular financial planning program, founded over 25 years ago, is located at the University’s Vocational Education Center. High-level teachers provide students with impressive professional experience and are perhaps the most important asset of this program. The strengths of financial planning, asset management, business improvement, retirement arranging, financial advisory services, and insurance are all present for the scholastic course

5. San Diego State University

This outstanding program has been running smoothly since 1980 with the creation of a master’s program in financial planning. The program is offered at the master’s level at the university’s business school. This environment keeps on profiting financial planning programs that currently include:

• a bachelor’s degree in financial services with a certificate in personal financial planning;
• a master’s degree in business administration with a specialization in financial and tax planning, as well as a financial planner certificate.

6. Texas Tech University

Centrally located in downtown Texas, this government-owned institution has 11 programs registered with the CFP Board, from undergraduate to doctoral. The program benefits not just from a grant of almost $ 2 million for financial planning in graduate school yet additionally from the staff, whose profound experience gets ready understudies for work in the field.

7. Florida State University in Tallahassee, Florida

This is a school of financial planning. The financial planning program certificate includes seven online courses in which students become familiar with the field and specific aspects of financial planning, such as:

• insurance planning;
• Investment planning;
• Income tax planning;
• retirement planning;
• Property planning.

At the end of the course, students will meet the requirements for the Certified Financial Planner (CFP) exam.

8. Iowa State University

Programs are in the Department of Human Development and Family Studies at the College of Humanities. Programs also focus on the human and technical aspects of financial planning.

9. Ohio State University

The Department of Financial Planning, which is part of consumer and family financial services, focuses on managing family finances. Items include:

• general financial planning;
• insurance;
• lending;
• savings;
• investment tools to achieve financial goals;
• retirement and estate planning.

Courses taught mainly by full-time teachers without guest-lecturers.

To Sum up

Degrees in financial disciplines have evolved significantly over the past 25 years. More and more universities offer courses outside of traditional programs based on the theory offered by a typical degree in economics or finance. The degree in finance, which is more oriented towards practical application in the economy, has a more professional theoretical direction, which prepares students for work in real estate, investment companies or in the field of financing companies. These programs focus more on the financial problems of individuals and companies rather than governments. Our selection contains the best finance colleges in the USA, so you will definitely choose the option for yourself.

If you traded in the crypto market during the 2017/2018 period, you are aware of the upheavals the market experienced. Many exchanges during that period were offering insane incentives to attract more clients to their platforms. One of the biggest problems that came about in light of this was fake trading volumes. Through fake volumes, the platforms aimed to create an illusion of ostensible health, in the process attracting more customers and maintaining high exchange volumes. As you can imagine, many people fell for this trick. However, this is no longer the case.

Exchanges with genuine trading volumes are enjoying better market performance today since the fake volume trading trend went bust. Customers want transparency more than anything in the crypto market. This is where platforms like Tokens.net exchange excel. As an investor, you want to put your money in a platform where you can verify the volume traded, so you can invest in confidence. Let’s look at some reasons why you should strongly consider this platform:

Easy to Set Up

In any investment online, you want a platform that allows you to set up very fast. This is what you get with Tokens.net. The innovation is not just about the experience while setting up, but the user interface that makes it all possible. Anyone having an email address from non-restricted countries can register an account on Tokens.net. 

How easy is the sign-up process? Well, all you need is your email address and you are good to go. It’s that simple. You can start trading as soon as you complete the sign-up process. You will only need to follow up and meet the KYC requirements when you have withdrawn a total of $2,000. This is to make it seamless and easy for individuals who conduct small transactions.

Your account is safe. Security is always a top priority and for this reason, you have two-factor authentication built into the account. Other than that, once you set up the account you can go to the settings and set an anti-phishing keyword to offer additional protection for your account.

Genuine Volume

Once you start using Tokens.net, all the transaction fees are paid in DTR, which is the native token used on the platform. This is important because even if you pay for transaction fees using the default currency you are trading, the DTR will be automatically purchased at the prevailing market price, and you can pay the fee with your preferred crypto asset.

One of the measures in place to ascertain genuine volume is traded is burning a fixed percentage of the DTR used on a daily basis. With this in mind, therefore, you can tell accurately the trade volume for every single day.

Unique Features

Before you sign up, know that you are buying into an exchange. That’s what Tokens.net is about. There are many awesome features that are aimed at simplifying trade and make the platform more accessible to many users, even those with limited knowledge of trading in crypto exchanges. The interface is fast, intuitive and pleasant.

To avoid confusion, the display section only includes the order types that are important to you (limit orders and market orders). When you sign in, at first you will not see the standard chart. This is to ensure that you have a clean interface that is not overcrowded and confusing. If you need the chart, you can click on the chart button and it will open in a new tab. Here you will see the custom chart. This genius design ideally makes all types of users, beginner to casual, feel at home.

The order book on Tokens.net is quite pleasing to the eye. In the middle, you can see the total book size. You can also see the trading pairs, base pairings against the exchange token DTR and how the base pairings are faring in the market against your favorite altcoins. 

A very useful feature that Tokens.net has available for registered users is free on-exchange Market Making Bot. This is meant for all users that are not skilled in coding but would like to run a trading bot to automate their trades. You need not worry about minuscule amounts of cryptocurrencies (dust) while using the bot that you cannot use to set up an order. Tokens.net also has a Collect Dust function for you to enable, where all the smallest amount of cryptocurrencies left from trades get automatically converted to DTR.

Of course, you are thinking about fiat gateways. Well, Tokens.net takes this into account and offers you to buy cryptocurrency instantly using your credit card at the lowest industry rates. This means that you have a wide range of fiat currencies that you can use to purchase crypto. Most of these are built around Europe where the company is a registered entity.

To make your work even easier, Tokens.net brought in Banxa, one of the leading third party payment gateway providers from Australia. This partnership allows you to buy cryptocurrency using your Mastercard or Visa. You can also use other payment options that are available for wire transfer, such as SEPA, iDEAL, POLi and Faster Payments. Remember, however, that transactions through Banxa are regulated and for this, KYC guidelines apply.

Some of the currencies you can use to purchase crypto include all the biggest fiat currencies Euro, British Pound, AUS, USD, CAD, SGD, and soon $RUB $CZK $DKK $NOK $PLN $SEK. Take note, however, that you can only use your credit card and debit card to purchase the top recognized cryptos such as Bitcoin and Ethereum. If we consider the pound and Euro gateways, it is easy to see how much potential there is in this exchange, especially for high liquidity in the near future. If you choose to purchase using your credit card, you must provide government-issued documents for AML or KYC processing.

A must feature today, Tokens.net has developed a Mobile App available for iOS and Android, keeping users up to date with the latest charts and markets. No matter where you are, you can access the Tokens.net trading platform to check your trades or to make new ones.

There is so much you will enjoy when using Tokens.net as your preferred exchange platform. As a crypto investor in the EU, you want an exchange platform that is innovative and offers intuitive solutions that match your everyday needs. You will certainly appreciate the speed and ease of use on this platform. In fact the more you use it, the easier you will realize how simple and efficient trading is. In no time, you will advance from a beginner to an intermediate investor and claim your stake in the world of crypto investment. While most exchanges seem like a jungle for first-time users, Tokens.net makes you feel at home right away.

Across the globe, there are millions of people who all have at least one thing in common: their love of gambling. One of the most popular pastimes of gamblers from across the world is online slots and they have become even more popular since the inception of cryptocurrencies which players can use to play online slots. There are hundreds of online casinos operating that offer the opportunity for players to play slots using a number of currencies, including cryptocurrencies, to win real money prizes, in the same way, that you can in a land-based casino – all of this from the comfort of their sofas! 

It’s important that when you’re selecting which online gambling site you play on to pay careful attention to what banking options the online casinos support. On a lot of casinos, players can use credit and debit cards as well as e-wallets, bank transfer, and pre-paid cards, but a lot of casinos are now accepting various cryptocurrencies like Bitcoin. With this new and exciting option to play slots with cryptocurrencies, you can rest assured that you can gamble safely and anonymously online. Additionally, gambling with cryptocurrencies means you will have enhanced protection, which means it is quickly becoming a preferred currency to gamble with, amongst players. This is because no financial or personal information is sent to the online casino, so your personal data is kept secure from third parties. 

What should I look for in cryptocurrencies websites? 

While you are on the hunt for the best online casinos to play on using cryptocurrencies you may want to take the following into consideration, before making your choice. Firstly, you should make sure that you are playing and betting on an online casino which you know you can trust who is regulated and the online casino should always be licensed. Be on the lookout for the Privacy Policy on their website, as this is what means the online casino will protect your personal and financial information. 

Secondly, many online casinos support a number of cryptocurrencies but before you decide which casino to play on, check that the online casino supports the cryptocurrency that you are wanting to use and also make sure that you can redeem any bonuses and promotion when you make deposits with your chosen cryptocurrency. 

Thirdly, just like when you choose an online casino to play on, it’s important you take the time to do your research on the game and the software so that you understand the wagering requirements as well as the slots features. Lastly, be sure to play on an online casino that has games from leading and reputable software developers, like industry leaders Microgaming, NetEnt and Playtech. 

What cryptocurrencies can I use on online slots?

Not only are you able to use cryptocurrencies to gamble on online slots, but online casinos are now catering for players who use a wide range of different cryptocurrencies, so there are multiple cryptocurrencies that you can choose to use when gambling on online slot sites like Wizard Slots. One of the most common cryptocurrencies that are most heard of is Bitcoin, but there are many more trusted cryptocurrencies that are accepted at multiple online casinos that are becoming more popular and commonplace with players. Here are some of the other cryptocurrencies that are being supported by a number of trusted online casinos that you might wish to play with while playing online slots:

Litecoin: one of the second cryptocurrencies to be developed has quickly become a favorite alternative to Bitcoin and although it works in the same way as Bitcoin, the blockchain is four times larger, making Litecoin an ideal choice of cryptocurrency for players wanting to gamble on online slots. 

Dash: launched about six years after Bitcoin was released, Dash is growing in popularity with players and offers fast-paced transactions with no fees and ensures a high level of privacy. Players can make deposits between $20 and $25,000 with Dash as well as being able to withdraw anything between $20 and $10,000.

Ethereum: another digital currency that works very similar to Bitcoin which can also be used to run apps is Ethereum and like Dash there are no fees, making it a perfect alternative for players. 

Keeping your personal and financial data private and secure

It’s so important that when you’re gambling your hard-earned money that you take precautions to ensure that your money is in safe hands. Thanks to advancements in technology, cryptocurrencies can provide both online casinos and software developers with the ability to give more protection for players. Players who use cryptocurrencies will keep all transactions private and safe, as their winnings are not recorded. This high-level of anonymity offered to players when using a cryptocurrency, players can remain totally secure as they participate in real-money slot play at multiple online casinos. 

Additionally, another way players have enhanced safety is because none of their personal data is given to the online casino as when you used a cryptocurrency, all of your personal and financial information is kept secure and will not be given to a third party, even the online casino you choose to play on. 

Avoiding Gambling Restrictions

Some players might find that due to certain gambling restrictions and gambling laws in different countries they may not be able to gamble with real money, so gambling with a cryptocurrency is a great way around this as these laws do not apply to cryptocurrencies. So, instead of using a credit or debit card to gamble, players can choose to use one of a number of trusted cryptocurrencies and ultimately eliminating any gambling restrictions!

This subsequently gives players more choice when they are selecting an online casino to play online slots. Gambling with a cryptocurrency is not only safe and secure but also the transactions are very fast which is another reason why they are so popular with players. 

It’s clear to see the advantage of using cryptocurrencies, but it’s so important to ensure that you do your research to make sure it’s the right option for you whilst playing online slots and that you’re playing on a legitimate casino. 

Bingo has been played and loved by players for centuries, with its roots stretching all the way back to the 16th century when early versions of the game were played as a lottery style game in Italy. The now world-famous game soon caught on and spread quickly throughout Europe before making its way over the pond to North America in the 1920s where it also took off.

There was once a time when bingo halls could be found up and down the UK and were filled with hopeful and excited bingo players but following the smoking ban, bingo halls took a downward turn and many bingo halls haven’t recovered, with many shutting their doors for good.

However, technology came to the rescue and bingo is now a game that is widely played throughout the world thanks to the wonders of technology which means players can now play bingo whenever they like, wherever they are. Online bingo has become extremely popular and has given the old game of bingo a reputation make-over and now is extremely popular with players of all ages, not just the over 55s, especially with new websites like Barbados Bingo! It was important for bingo to become more accessible and appealing to a younger audience if they wanted to compete with online slots and online table games such as Blackjack and Poker. 

Playing online bingo with Bitcoin and other Cryptocurrencies

In recent years it has become possible for bingo players to also play bingo with cryptocurrencies like Bitcoin and Bitcoin Bingo is becoming more popular every day since its inception back in 2009. Although initially, some people were skeptical, it soon found its place in a number of online casinos and bingo sites. The cryptocurrency’s success also led to the creation of other popular cryptocurrencies including Ripple, Ethereum, and Dash which can also be used to play online bingo. Cryptocurrencies have many benefits with the main reason why players prefer to use them is that they offer a high level of anonymity. For example, with Bitcoin, all you need to do to play online bingo with the currency is to provide your Bitcoin wallet’s address and you don’t need to complete any personal information.

Additionally, Bitcoin is also beneficial as it is very quick – online casinos and bingo sites can very efficiently process deposits as well as withdrawals, so you will get your winnings sharpish! As with the majority of other payment methods, Bitcoin deposits are generally credited to your online bingo account within a couple of minutes if not instantly!

However, unlike the vast majority of other payment methods, Bitcoin withdrawals are usually processed and made available to players within a matter of minutes which is brilliant news for players. If you used other ways to withdraw winnings such as bank transfers, eWallets, and credit cards, you will know that you sometimes need to wait around for your winnings to be made available – usually, a few days before you can get access to your money which has always been a downfall and sometimes these withdrawals are subject to fees. However, Bitcoin transactions generally don’t have withdrawal fees in most instances. Bitcoin and other cryptocurrencies are also becoming a preferred payment method with many online bingo sites offering exciting and exclusive bonuses and promotions to players who use Bitcoin and other cryptocurrencies.

Bitcoin Stock falls and its implications on Bingo players

As with most things in life, unfortunately, Bitcoin has its disadvantages for players. One drawback of using Bitcoin is that it isn’t as widely accepted as some other payment methods like credit and debit cards but more importantly the currency is extremely volatile to the stock market. Recently, Bitcoin has seen its value fluctuated considerably, leading players to wonder whether it was safe to play within in comparison to less volatile currencies. Bitcoin has recently been fluctuating between a brilliant high of almost $20,000 to all-time lows of slightly above $3,000. 

As of 2019, Bitcoin stabilized and leveled off at around $10,000, however, as the world enters unchartered territory globally, the 2020 coronavirus financial crash is a real test of Bitcoin and it could be one the biggest opportunities that Bitcoin has encountered as the pandemic grips financial markets. Only time will tell whether Bitcoin will show its worth during times of instability. As of early 2020, Bitcoin touched another low of around $3,600. However volatile, the benefits of Bitcoin and other cryptocurrencies for bingo players are clear! 

How to purchase Bitcoin and play online Bingo

It’s extremely simple and easy to purchase Bitcoin for playing online bingo! Firstly, you’ll need to download a Bitcoin wallet so that you can store your Bitcoin securely. There are several types so you will need to do your research and find out which option is best for you but generally, it is advised to use a cold storage wallet, which basically means you can use it without the requirement of an internet connection, making them more secure. 

Once your Bitcoin wallet is all set up, you can then purchase Bitcoin from a trusted Bitcoin exchange – for example, Kraken, Bitstamp, and Coinbase are reputable as well as Coinsmart and Gemini, but the choice is up to you! 

There are many Bitcoin bingo sites for players to choose from, so choosing one can be the hardest part! The main things to look out for is finding a bingo site which accepts both Bitcoin as well as players from the country you’re playing in and ensure you’re playing at a site that you trust, is licensed, is regulated and has a Privacy Policy. 

You will find yourself spoilt for choice and many online bingo sites will offer brilliant bonuses and promotions to attract players, so be sure to shop around and make sure you read all betting requirements before accepting any bonuses! Read reviews from other players for the best bingo sites to play on and make sure to only play on bingo sites that are trusted so you can immerse yourself in the ultimate bingo experience without having to worry! 

Cryptocurrency & Blockchain

Though the number varies by source, there are between 2,800 and 3,000 active cryptocurrencies today. Most people understand the basics: cryptocurrency is digital money that can be used in any market that accepts it as payment, regardless of national borders.

The more people who buy and spend a currency, the more legitimate it becomes based on higher demand. Standard currencies are regulated by a market known as Foreign Exchange Market (Forex for short), but cryptocurrencies are regulated by independent global markets like Binance and Huobi.

First seen in January of 2009, Bitcoin is the crown jewel of cryptocurrency. It is the most highly traded, divided, and sought-after cryptocurrency in use today. However, there are other major players that have emerged amid the thousands of cryptocurrencies created since Bitcoin. The top ten cryptocurrencies (determined by market capitalization) include Bitcoin, Ethereum, XRP, Bitcoin Cash, Tether, Litecoin, EOS, Binance Coin, Bitcoin SV, and Stellar. Even Facebook has launched its own cryptocurrency, Libra.

All in all, cryptocurrencies are largely used as assets rather than currency. This means that owning 20 Bitcoin or Tether coins is worth as much as they can be sold for, rather than using those Bitcoin or Tether coins to make day-to-day purchases. This trend will be curbed by the eventual acceptance of cryptocurrency for everyday transactions at, say, a hardware store.

Currently, Bitcoin is regulated by blockchain, which is a system that records transactions in a peer-reviewed environment. Peer, in this case, signifies another computer ledger. In short, blockchain creates receipts for cryptocurrency transactions that can’t be digitally modified without significant peer assessment and approval, protecting the integrity of online cryptocurrency transactions. Every operating network verifies its records with other participating networks.

 

Cryptocurrency in Vegas

Despite the many marriage chapels that line the Vegas strip, the city of lights has yet to say ‘I do’ to cryptocurrency. The gambling industry in the US made $160 billion in 2018, with nearly one-third of that revenue coming from commercial casinos. Professionals involved in the fintech (financial technology) industry are considering how best to merge cryptocurrency with the gambling industry.

Hosted at The Cosmopolitan, the 2019 Vegas Blockchain Week saw thousands of international developers, entrepreneurs, startups, and spectators come together. With the number of billionaires worldwide expected to hit 3,800 this year, major moguls and moguls-to-be flocked to host panel discussions and educational forums. But, as aforementioned, cryptocurrency still hasn’t caught on throughout casinos along the strip.

While bitcoin may be accepted for certain charges, chips aren’t one of them. Despite the increasing number of cryptocurrencies, the ceramic casino chip is holding its own as part of the $51 billion dollars commercial casino industry and is still considered the diamond of Las Vegas. Beyond Vegas, people aren’t afraid to go online rather than share a table in a busy casino—though they may miss out on adding to their chip collection. Cryptocurrency can empathize, though online gaming doesn’t need any sympathy, as the industry raked in $300 billion in 2018.

While those involved in the fintech world may disagree, the ceramic chip doesn’t seem to be at risk on the strip. So far, Bitcoin has only been accepted by a few merchants, and can only be applied for a room payment, dining, or picking up something at the gift shop. On the other hand, ceramic chips have been in usage for one hundred and fifty years and have become part of a highly regulated gaming process.

The ceramic chip isn’t just a physical marker of winnings. Today, they have RFID chips that detail every individual casino chip’s monetary value, activity, and activation—meaning a chip can be tracked and deactivated remotely if stolen. Others are marked with UV designs, holograms, and ‘microdots’ that can be verified by proprietary casinos alone.

Valued anywhere between $1 and $5,000, the chips are also an important part of the casino experience. Many gamers like to stack or otherwise handle their chips during play, while others will regulate their evening play based on their chip count. In other words, chips make you feel like you’re at a casino, and help gauge finances.

However, given the rise of online gaming, which doesn’t utilize physical ceramic chips, it seems likely that Vegas can transition into a cryptocurrency system, utilizing blockchain to regulate and record transactions. For now, the biggest obstacle seems to be international regulation of cryptocurrencies.

Introduction

If you look at the key definition of Bitcoin, it states that Bitcoin, ‘Is the world’s first decentralized digital currency, which operates on a peer-to-peer model. Is not controlled or regulated by any central authority and works involves no intermediaries in transactions.’

The keywords to note here are-decentralized and no intermediaries. These two words were enough to set alarm bells ringing in government circles and the traditional financial world. 

We should note that Bitcoin came into existence against the backdrop of the Global Financial Crises of 2008-2009. Bitcoin was a statement, that there was no trust, confidence or faith in how institutions and governments were handling finances and money of hard-working people. 

In this article, we look at five core reasons that have made governments wary of Bitcoins and other cryptocurrencies. 

1.Bitcoin is an assault on the Sovereign Financial Powers of Governments

Have you ever wondered what the value of money is? It is in essence, what your government says it is. Today it might be this; tomorrow it might be something else. The world uses ‘Fiat Currencies’. Their prices or valuation is there because the government says so. 

The government and financial institutions work complicated monetary and fiscal policies to track payments, ensure monitoring, earn interests, and look out for criminal activity. However, all this keeps chipping away from the interest of the end consumer. 

2.Bitcoin is accused of facilitating Illegal Activities

As a form of currency, which is non-regulated and untraceable to outside entities, governments have accused Bitcoin and other cryptocurrencies to being used for illegal activities. They point out that terror outfits and dictators are using Bitcoin to make arms trade, drugs movement, and other anti-social activities. 

While there is some truth to these allegations, it cannot take the shine away from the benefits and advantages of Bitcoin to the common person. 

3.Bitcoin is a decentralized currency

Bitcoin or any other cryptocurrency is a decentralized currency. It means that it is free from the control of central authority like banks and central government, unlike traditional paper currency. It means that banks and the central government cannot control digital currency at all by their policies. Unlike fiat currency, the digital currency owned by a person is only his, no bank or central government has any authority over it or right to seize it.

4.Widespread Bitcoin Usage will mean lesser Revenues for Governments

What happens every time you make a transaction using the humble PayPal or through Net Banking? You see the exchange rate, yet you receive a far lesser amount. This is because there are cuts or commissions on facilitating your payment. 

PayPal takes a cut, the central bank takes a cut, and the final private or public bank takes a cut. You end up with nearly 10% less of the total transacted value. This adds to the coffers of the government and its central banks. They use this money for other purposes. 

5.Bitcoin is a revolution

It will not be wrong to say that Bitcoin is a revolution and has encouraged people to go cashless. With Bitcoin, people can easily pay for services without having to carry cash and debit and credit cards. So, if it continues and Bitcoin takes over the world, it can at one point pose a serious threat to fiat currency as it would not be required anymore.

Conclusion

With the rise of Bitcoin Trading Platforms, governments have become even warier of the spread of cryptocurrencies. You can visit Bitcoin Circuit to invest, trade, buy and sell Bitcoins. 

While some countries are opening up to the prospect of Bitcoins, others are still very much against it. Only time will tell, where we stand on the rise of peer-to-peer decentralized digital currencies.