Blog

The Who, What, Why and Where of Bitcoin

WHO

It is hard to believe how much time has passed since the futuristic currency phenomenon was born, but it has been 12 years! It was back in 2008 that the entity Satoshi Nakamoto first created Bitcoin. Entity, due to the fact that the identity of Bitcoin’s real creator remains a mystery to this day. There have been several speculations, including Hal Finney( the first person to make a bitcoin transaction) and Craig Wright ( a computer scientist who claimed to be the founder). Both have been generally denied by crypto communities and press.

WHAT

Bitcoin is a digital currency, and unlike traditional currency, there are no physical notes correlated with each bitcoin, but a massive amount of data and balances provided publicly for maximum transparency. Bitcoin is a collection of computers that essentially run all the code and stores it in a blockchain. Financial freedom and security are the names of the game, and Bitcoin enables users to transfer amounts of money without monitorization. While probably created for good, Bitcoin quickly caught the attention of the Darker side of commerce, namely the Dark web. It was here that Bitcoin quickly gained a somewhat negative reputation for enabling people to buy guns, drugs, and other illegal activities without being traced. In the last few years though, bitcoin is cleaning up its act. Bitcoin is now accepted in the travel, eCommerce and real estate industry offering numerous advantages. The online gaming world has seen a huge spike in bitcoin use, with bitcoin poker players leading the way.

WHY

Following the 2008 financial crisis, traditional currency suffered. Almost overnight, trillions of dollars were lost, economies tanked and people lost their life savings because they trusted banks. Cryptocurrency aimed to place more power in the hands of the people. There would be more transparency and less of the banks pulling the wool over people’s eyes so the rich could get ahead. Bitcoin wanted to give freedom and security to anyone who wanted it.

WHERE

Much like the identity of the creator the original location of where Bitcoin was created is also a mystery. Very fitting for the nature of the currency. However, I can tell you that there are cities all over the world using bitcoin more and more. Unsurprisingly tech capital San Francisco widely accepts the use of Bitcoin in shops, cafes and restaurants. The Californian city is also home to some of the biggest crypto trading platforms in the world- Kraken and Coinbase. Across the pond, you will find that your digital shekels are widely accepted in Amsterdam, also a crypto industry capitol. In fact, you will find most tech-savvy cities to be in the know with Bitcoin.

The bottom Line

Shrouded in mystery, Bitcoin has made vast inroads into being accepted as a currency in modern society. It has overcome many obstacles in the last 12 years, and with the growth of the crypto industry as well as other cryptocurrencies, it is safe to say that Bitcoin is here to stay.

August 7, 2020
Trading volumes on crypto exchanges have doubled in July

The July trading volumes on the CEX.IO cryptocurrency exchange have grown twice compared to June 2020. A major reason for the growth is the increased interest of market participants in ETH – in particular, because of DeFi and the imminent release of Ethereum 2.0. Now ETH is a growth driver, and it is pulling other cryptocurrencies, like BTC, in particular, up.

Starting around July 20th, trading volumes on CEX.IO have increased several times after a relatively long lull, reaching the levels of May 2020.

Trading volumes of all cryptocurrency pairs on CEX.IO

Usually, the share of the BTC/USD pair in the total exchange volume is about 40%, but over the past few days, it was only about 20%. The rest of the volume was provided by other pairs. In particular, volumes of ETH pairs increased several times. During the week of July 20-26, the average daily ETH turnover on the exchange was 3 times higher than the average daily ETH turnover in June.

Volume of cryptocurrency trading pairs with ETH. The Y axis shows how higher (in percentage) the ETH turnover was on a particular day, compared to the average daily ETH turnover in June 2020. The peak was on July 23rd – at 430%.

It is safe to say that ETH is now the driver of the cryptocurrency market growth.

On average, the balance of BTC and ETH deposits and withdrawals on CEX.IO has been preserved. Sometimes there is a noticeable bias towards BTC input and ETH withdrawal. This indicates either an increased demand for buying ETH or active arbitrage strategies of traders.

Bitcoin forecast and other reasons for growth

Bitcoin reached the $12,000 mark for the first time since the beginning of the year, but couldn’t hold the position and rolled back. Such movement of the main cryptocurrency was fairly predictable. If you follow the charts of the coin’s dynamics, you can see that the bullish trend has formed 50 days ago. The cryptocurrency has been gradually going upward, passing one level after another.

In addition, other factors also contributed to Bitcoin’s growth. The main among them is the rapid rise in gold prices. And although many experts believe that gold and BTC are not correlated, this is not the case. Bitcoin is called “digital gold” for a reason. As soon as the cost of a troy ounce of gold passed the $1,900 mark, the price of Bitcoin went up sharply.

The strengthening of the Bitcoin rate was also facilitated by the increase in the US dollar emission. Just recently, the US government announced that it is preparing a new bill aimed at overcoming the consequences of the coronavirus pandemic, which includes a number of anti-crisis measures, such as additional dollar emission and issuance of support payments of $1,200 per person. Factually, passing the bill will result in trillions of cheap dollars being released onto the market. Issuing checks for this amount will stimulate cryptocurrency buyers. Last time, in April-May of this year, the purchase level of cryptocurrencies in the amount of $1,200 went up sharply. This means that Americans are increasingly thinking about alternative sources of investment, and cryptocurrencies are one of them.

The price has tested resistance around the $10,500 level several times since the beginning of 2020.

BTC Price

August 6, 2020
LocalBitcoins Lose The Leadership Of Popular Bitcoin Marketplaces

LocalBitcoins is steadily losing its leadership in the peer-to-peer crypto platforms market. However, the p2p market itself remains controversial in terms of regulatory constraints. The popular p2p platform for trading cryptocurrency Bitcoin for the first time lost its leadership to the Paxful platform, its main competitor. According to analytical web portals, the Bitcoin trading volume on the LocalBitcoins site has continued to fall since October 2017, while the trading volume on Paxful has been actively gaining momentum since 2016.

True, it should be noted that the LocalBitcoins platform was able to significantly break away from its competitor in 2017, when the monthly trading volume exceeded $ 120 million. But the introduction of user verification procedures is increasingly discouraging customers from the exchange. LocalBitcoins now have a monthly trading volume of just under 40 million, while Paxful has already crossed that mark.

Marketplaces like LocalBitcoins and Paxful are especially popular in countries where cryptocurrency regulation remains “in limbo” and such countries become leaders in terms of Bitcoin trading volume on LocalBitcoins, even though there is no industry regulation. Due to the ambiguity of the position of government regulators and the fear of blocking bank accounts, small traders or even ordinary hodlers often have to apply for the services of p2p sites.

Exchanges shut off oxygen to users

Despite the fact that such services are often at the center of scandals related to money laundering and charges of financing terrorism, these marketplaces have long established themselves as an alternative to conventional exchanges and exchangers due to their greater simplicity, democracy, competitive commission rates, and most importantly due to anonymity, which provides greater security for transactions.

So, the main reason why LocalBitcoins is steadily losing market leadership is regulation by Finnish overseers, the country where LocalBitcoins is based. Tighter control over the site has forced the introduction of stricter requirements for the KYC procedure. In June 2019, for example, LocalBitcoins turned off, perhaps, one of the main services – the sale of cryptocurrency from hand to hand.

The main LocalBitcoins competitor Paxful claims on its official website that the platform strives to give everyone the opportunity to quickly, honestly and safely transfer their earnings to other assets. Often, our biggest concerns are with money, especially making and sending it. When the marketplace provides people with new opportunities, creating the international financial platform of the future, then it is undoubtedly gaining momentum and ahead of the competition.

At the same time, the site is subject to regulatory restrictions, however, the same as LocalBitcoins. Confirmation of the country of residence and additional ID verification will become mandatory for everyone who is there is a bit of money for more than 20,000 euros per year. The new system provides four levels of accounts, differing in volume we are trading. In the same year, LocalBitcoins removed the opportunity for their users to make transactions with personal money when the site without a trace disappeared the option that allows you to buy or sell cryptocurrency by meeting. These new introductions on LocalBitcoins are in line with the Finnish law on the provision of virtual services, related to virtual currencies, which entered into force in November 2019.

Most crypto experts believe that only the highest grade of KYC – Account Tier 3, the need for which occurs when the total turnover of the account exceeds € 200,000. With such a turnover of transactions with cryptocurrency, for verification, add additional documents to confirm the origin of Bitcoins, as well as certificates of taxes payment. According to the company representatives, this measure is necessary and aimed at protecting against fraudsters, but in fact, it can become, on the contrary, an auxiliary tool for cybercriminals.

There is a way out of risky position – mix your cryptocurrency

To protect yourself and your crypto assets from the risks associated with providing crypto exchanges with complete information about yourself and your income, you need to prevent the possibility of further tracking the movement of your digital funds after they are withdrawn from the exchanging platforms.

This can be done using a cryptocurrency mixer. Service mixes the same type of coins belonging to different users, pre-dividing whole transactions into a great deal of smaller ones. Good service has a large pool of mixed coins that allows you to mix coins instantly.

Bitcoin mixer like BitMix.Biz offers its users the largest pool of prepared Bitcoins, Litecoins and Dash, so even when mixing large amounts there will be no difficulty. In addition, it is worth clearing a large number of your digital coins on BitMix.Biz, since the security of your money is ensured by a guarantee deposit of 15,000 US dollars on various crypto forums.

The authenticity of the Bitcoin addresses of the BitMix.Biz cryptocurrency mixer is confirmed by a key that you will receive and can check in a letter of guarantee when sending your coins to clean up traces of ownership. You can also find many reviews and testimonials from many crypto enthusiasts who have repeatedly and successfully used the service over several years
of its operation.

The BitMix.Biz interface can be used in any of the 10 presented languages so that you have a very clear understanding of each option. Delayed withdrawal options, the choice of the collection rate from 0.4%, increased randomization, as well as the ability to instantly delete information about the performed mixing transaction, guarantee the effectiveness of clearing
crypto money from data that could lead cyber intruders and spies to your digital assets.

To increase your security, recommend using the Tor network or browser without JavaScript. You can use the API key on your e-commerce site to provide your users with financial security, and you can also earn additional income through an affiliate reward program.

Website: https://bitmix.biz/en
FAQ: https://bitmix.biz/en/pages/faq

August 6, 2020
Bitcoin Price Analysis – Bitcoin Bulls Reawaken After Short Retracement. Will We Break $12,000 Next?
Key Highlights
- Bitcoin saw a further 3.88% price increase today as the coin reached $11,575.
- The cryptocurrency has been bullish ever since it managed to break above its previous consolidation phase in July 2020.
- The buyers have defended $11,000 over the weekend and set sights for $12,000.
Bitcoin saw another 3.88% price increase today as the coin managed to reach $11,575. Bitcoin has been surging ever since it broke above the symmetrical triangle in July 2020. Prior to this, it had been in a phase of consolidation for around 2-months as it failed to break above or below the triangle.

After breaking above, BTC went on a rampage higher to close the month at a price of $11,358.

The bullish push higher continued in August as BTC reached a high of $12,126 (1.272 Fib Extension) at the start of the month. The volatility on this day also caused BTC to spike as low as $10,500, however, the bulls quickly grouped up and pushed BTC back above $11,000 and defended the level.

BTC Pushed higher from $11,000 today as it trades at $11,518 right now.
The demand for Bitcoin is extremely apparent right now, especially when we consider the fact that the number of new entities within the market which reached the highest level since late-2017. Remember, this was the bull run in which Bitcoin reached its all-time highs;

This is exciting for Bitcoin as it could be setting up for another explosive bullish run higher toward $13,000 and beyond.

In other news, it appears that Putin, the president of Russia, has signed the first crypto bill law for “On digital Assets” to make cryptocurrency officially legal in Russia. This law will make all crypto trading legal in Russia but it will not allow crypto to be used as a payment method. The law is expected to come into force on the 1st of January 2020.

This is great news for Bitcoin as it should help to bring in further investors. The Bitcoin transaction activity has also increased during the lockdown in Russia as the nation becomes the largest market for LocalBitcoins.com.

Taking a look at the Bitcoin search trend, we can see that there is a spike in BTC searches that almost match the hype generated from the previous BTC block halving event;

This shows that the recent price increase for Bitcoin has brought it back into the forefront of people’s minds as they search to find out what has been occurring with Bitcoin. As the price for Bitcoin continues to increase, we can expect these search trends to continue further as more people start to hope they can cash in on the epic Bitcoin price increases. The best thing about this is the fact that these searches will spill into the altcoin world as some users might feel they have already missed the BTC increase.

Lastly, the cryptocurrency mobile payment app Cash App recently released its quarterly revenues. In Q2 2020, Cash App recorded its largest quarterly growth as the company turned over $1.92 billion in revenue;

What is interesting to note is that half of this revenue is actually generated from the company’s Bitcoin trading service in which it generated $875 million of Bitcoin revenue in which $17 million were profit.

The release of this quarterly statement has caused Square Shares (SQ) to increase by around $20 each.

Buy/Sell BTC

Bitcoin Coin Price Analysis

BTC/USD – 1 DAY CHART – MEDIUM TERM

What has been going on?

Taking a look at the daily chart above for Bitcoin, we can clearly see the breakout of the symmetrical triangle in July. After breaking above, Bitcoin went on to rampage higher as it reached as high as $12,126 in August when it ran into the resistance at a 1.272 Fibonacci Extension level.

Bitcoin dropped into the support at $11,000 during the first few days of August but the bulls managed to defend the area very well. Bitcoin rebounded from this support today as it reached $11,518.

Bitcoin price short-term prediction: BULLISH

After breaking above the consolidation last month, Bitcoin is most certainly bullish in the short term. The coin would have to drop beneath $10,000 to turn neutral and further beneath $8,250 to be in danger of turning bearish in the short term.

If the sellers do push lower, the first level of support lies at $11,358 (.236 Fib Retracement). Beneath this, support lies at $11,000, $10,877 (.382 Fib Retracement), $10,488 (.4 Fib Retracement), and $10,000.

Where Is The Resistance Toward The Upside?

On the other side, if the buyers continue to push BTC higher, the first level of resistance is expected at $11,610. This is then followed by added resistance at $12,000.

If the bulls continue to push further above $12,000, resistance is then expected at $12,126 (1.272 Fib Extension), $12,400, and $12,471 (1.618 Fib Extension). This is then followed with resistance at $12,606, $12,800, and $13,000.

If the bulls can drive BTC above $13,000, resistance is then found at $13,332, $12,475, $12,600, and $14,000.

What Are The Technical Indicators Showing?

The RSI dropped from overbought conditions earlier in the week. However, it still remains above the 50 line to indicate that the bulls are still in complete control of the market momentum right now. Additionally, the Stochastic RSI produced a bearish crossover signal a few days ago which resulted in Bitcoin falling into $11,000.

Buy/Sell BTC
August 5, 2020
New Blockchain-Based Gold Fund With Enhanced Returns Over Spot

Gold needs no introduction when it comes to investable assets. The precious metal has maintained its stature throughout the ages as a reliable store of value. Even today, the shiny asset remains exceptionally popular, with the World Gold Council reporting that central banks bought a record high of 374 tons this year, further entrenching its status quo. There is no doubt that gold is here to stay for the long-term and arguably has more historical data to supplement this view than any other modern portfolio asset.

Apart from the use cases in jewelry and industry, the commodity is used by many as a long term store of value and hedge against both the monetary system and its inevitable inflation. Although there are many advocates for owning physical gold, there are proven inefficiencies with this approach from both a pricing and custody perspective. Therefore, a large number of investors have turned to low-cost investment vehicles to professionally manage and safely store their assets.

With the advent of blockchain technology facilitating the creation of a secure digital version of gold, a plethora of new market opportunities have opened up for the precious metal. The most popular gold-backed tokens represent one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, with the gold safely stored in the world’s most secure vaults. This allows for an incredibly safe and cost-effective way to gain direct exposure to gold. These digital gold-backed tokens are redeemable 1:1 for the underlying and therefore track the price of gold. These tokens behave much like futures contracts, although they are far more efficient as one does not need to re-enter the contract over every few months and therefore experience potential negative roll-yield.

Invictus Capital is an asset management company that has merged the new age with the old and created the Invictus Gold Plus Fund (IGP). The team at Invictus Capital has revolutionized the fund management process, offering investors a range of unique, tokenized fund offerings with no investment minimums and 24/7 subscription and redemption capabilities.

The team has a solid track record over the years with award-winning fund offerings. The IGP Fund is the latest addition by Invictus Capital and not only aims to give investors a simple, cost-effective way to gain exposure to gold but has an objective to outperform gold through various investment strategies it has employed through years of experience in the digital asset markets. IGP, therefore, allows the investor to have full gold price exposure while earning a yield on gold over and above the spot price.

Tokenized funds work much the same way as your traditional mutual funds whereby dealing occurs on a daily basis at a net asset value struck by the team. Investors are therefore able to redeem their holdings for cash, or USD-backed tokens, at any time.

Gold has a special place in any investment portfolio for investors seeking to build a well-diversified portfolio of assets. Given the current global economic environment of low or negative real interest rates, inflated money supply and increased demand for gold by investors aiming to hedge their portfolios, gold is well-positioned by historical standards to achieve outsized returns.

For more information on the IGP Fund and how to invest, please visit the Invictus Capital website.

August 5, 2020
Binance Introduces COIN- and USDT-margined Categories for Futures Emphasis on Cryptocurrency for Settlement Reflects Industry’s Standing
4 August 2020 – Binance, the global blockchain company behind the world’s largest digital asset exchange, today introduces COIN- and USDT-margined product categories for its range of perpetual and quarterly futures to highlight the use of Bitcoin and altcoins as the currencies for settlement.

The new categorization puts cryptocurrencies on more equal footing with fiat, and reflects the increased interest in futures margined and settled with Bitcoin and altcoins.

Users on Binance Futures can now select futures contracts as follow:
- COIN-margined Futures (displayed as “COIN-Ⓜ” on the web and mobile app)
  - Quarterly Futures
  - Perpetual Futures (to be launched Q3 2020)
- USDT-margined Futures (displayed as “USDT-Ⓜ” on the web and mobile app)
  - Perpetual Futures
USDT-margined futures are similar to traditional standard futures, margined and settled with a fiat currency, for delivery of a commodity or asset such as gold. COIN-margined futures are margined and settled with the asset instead (i.e. Bitcoin or altcoin), and are designed after “inverse” contracts which are counterintuitive in traditional finance. The instant and fungible nature of cryptocurrencies has popularized COIN-margined contracts, e.g BTC- or ETH-margined futures.

The instant settlement of cryptocurrencies also highlights a fundamental advantage they have, as they can be easily used as both the currency for settlement and the underlying asset in futures for various hedging strategies.

“Our combined COIN- and USDT-margined futures volume hit a daily all-time-high of $13 billion last week and we will continue to offer users the best experience and range of products on our trusted trading platform. Unlike with traditional markets, “inverse” cryptocurrency contracts are intuitive because of the nature of digital assets. There are also traders who use coin-margined futures to hold cryptocurrencies for the longer term. We should embrace these facts, as it helps strengthen our industry’s standing,”

said Changpeng Zhao (CZ), Founder and CEO of Binance.

###

About Binance Futures

Binance Futures allows experienced users to trade crypto futures contracts with up to 125x leverage. Binance Futures’ NASDAQ level matching engine processes orders with ease with minimal latency (avg. 5ms at 100,000 orders per second). Learn more at: binance.com/en/futures.

About Binance Exchange

Binance.com is home to the world’s largest cryptocurrency exchange by trading volume. Binance Exchange serves users from 180+ countries and regions, with an average daily trading volume totaling over $2 billion. With an innovative matching engine capable of executing over 1.4 million orders per second, Binance Exchange is trusted by millions worldwide for its security, speed, and robust selection of innovative features, including Spot & Margin trading, Futures & Options trading, Savings & Staking services, support for fiat gateways, and more.

Media Contact
pr@binance.com
August 4, 2020
Top 3 Coins to Watch in August

Despite August being the peak of the summer vacation season on most of the northern hemisphere the development of many tokens has not slowed down. Quite the opposite actually, as the three coins on our list are looking to improve their market position with protocol upgrades and the increased attention from the community that comes with them. Here are the top 3 coins you should keep an eye on (or bet your money on, if you wish) throughout August.

1. Bluzelle (BLZ)

Bluzelle is a decentralized database solution that aims to provide a safe, reliable, and scalable data storage solution for dApps. The solution has no single point of failure as all the data is stored at independent nodes located mostly across North America, Europe, and Asia. The distributed nature of data storage also resists censorship while the inter-blockchain communication protocol allows Bluzelle to be utilized by any other blockchain.

Buy/Sell BLZ

“Bluzelle is the AirBnB of databases,”

the project states.

Phase 1 of Mainnet Launch Scheduled for August 8

The Bluzelle team is preparing for the launch of project’s mainnet, which will take place in two phases. Phase 1 is the launch of a so-called soft mainnet, which is set to go live on August 8. The soft mainnet will allow public staking, validator registration, swapping BLZ to BNT, earning BNT staking rewards, and delegating BNT to a validator of your choice. On September 8, the team plans to enter Phase 2 by launching the BluzelleNet 1.0 Production Mainnet through a hard fork. The team aims to complete their ‘March to Mainnet’ by launching their Tendermint/Cosmos BluzelleNet chain before Q4 2020. This means that the highly expected launch of a fully operational mainnet is just around the corner. You can read more about the outline of Bluzelle’s mainnet launch procedure in their Medium post.

2. Ardor (ARDR)

Ardor is blockchain projects that describes itself as a Blockchain-as-a-service platform as it allows businesses to build their own child chains including their unique native tokens within the Ardor environment. Transaction fees on the child chains are paid in ARDR, but child chain owners can sponsor the fees, thereby reducing the transaction cost of their end users.

Buy/Sell ARDR

Ardor 2.3.2 Update is set to be Released on August 11

According to a recent announcement by the Ardor team, Ardor 2.3.2 update will be released on August 11. The release of a new version of Ardor protocol is part of the preparations for the chain hard fork scheduled for September 22. It is worth highlighting that this is a obligatory update and ardour advises all nodes to upgrade their software before the hard fork in order to ensure uninterrupted node operation and to keep participating in the blockchain’s Proof-of-Stake (PoS) consensus algorithm.

3. Swipe (SXP)

Swipe is an issuer of crypto-powered Visa debit cards. Users of Swipe Card enjoy the benefit of a 4% Bitcoin cashback while being able to seamlessly spend their cryptocurrencies at more than 50 million locations worldwide. Swipe describes its native Swipe Token (SXP) as a “utility-based cryptocurrency designed to be the gas and fuel of the Swipe Network”.

Buy/Sell SXP

SXP Staking to go live in August and SGV Token Airdrop

Shortly after the announcement that industry giant Binance has picked Swipe as the issuer of its very own Binance Card, rumours about a potential acquisition have started to spread. The cryptocurrency community was left in limbo for about a week, before Binance confirmed it had purchased Swipe for an undisclosed amount. Under the new owner the crypto debit card issuer has seen increased pace of development. Recently the team has conducted the second quarterly SXP token burn, destroying around $396,120 worth of SXP. Furthermore, Swipe plans to launch SXP staking on the mainnet this month, promising APY as high as 12%. In addition, SXP holders will benefit from the SGV token airdrop. 1 SGV will be distributed for every 100 SXP in possession on August 17, at 00:00 UTC. As if that were not enough, Swipe is going to launch SwipeFi, a DeFi lending and rewards earning application on Binance Smart Chain soon. More information is available in the project’s latest Medium post.

August 4, 2020
How to Start Gambling with Bitcoin

Bitcoin gambling has been a revolutionary innovation in the industry of online casinos. Prior to the establishment of Bitcoin, the only way to perform financial transactions was through banks or companies that work in tight cooperation with financial institutions. BTC brought upon a completely new solution that put all the power in the hands of users and gambling industry was quick to recognize all the benefits that come with utilizing virtual currencies. Bitcoin Gambling started making shockwaves in the gambling industry straight away, because of its numerous advantages and true gamblers hastily started using BTC and other cryptocurrencies as their main financial assets to play. Bitcoin Gambling possibility comes from acquiring crypto wallet and depositing in your favorite casino account.

What cryptocurrencies are available for gambling?

The first entity from the crypto world to enter the scene was the BTC and that’s how the term Bitcoin Gambling came to exist. It was the first and still is the most popular cryptocurrency in the world, both for everyday use and BTC Gambling. Second most popular cryptocurrency is Ethereum which brings its smart contract technology to the table. There are also currencies like Dogecoin, Litecoin, Tron, Monero and infinitely more that the best crypto casinos like FortuneJack offer to their players. All are fairly similar, with only minor differences.

Why should I participate in Bitcoin Gambling?

What Bitcoin and other cryptocurrencies have in common are the amazing advantages that they hold over the standard online casino segment. The first thing that catches the attention of any gambler is the ability to stay completely anonymous to any type of unwanted attention. During Bitcoin Gambling, there is absolutely no way that someone might be able to track your activity, whether it’s government or financial institutions. The transactions of both deposits and withdrawals are lightning fast using crypto. The average time it takes to deposit or withdraw is measured in minutes. Another heavy advantage is the factor of heightened security that decentralized cryptocurrencies bring to the table. All in all, Bitcoin Gambling websites have eliminated all the problems that plagued the classic online casinos for decades.

How to Choose the Best Bitcoin Gambling Platform?

The main thing you need to look for is the reputation. If the Bitcoin Gambling website is operating for more than half of the decade, this is the best indicator of a good reputation. You can easily check the reviews and just try out for yourself. Only the best Crypto Casinos have amazing welcome bonuses and promotions, this is a great sign of a trustworthy BTC Gambling website as well.

August 4, 2020
Top 3 Coins to Watch – Week 32

It’s the beginning of Week 32 and we have again prepared a selection of top 3 coins to watch this week. While the number one coin to watch is a top performing cryptocurrency and was already featured in our previous week’s selection, other coins are debutants on our list.

1. Ethereum (ETH)

This week again Ethereum, the second largest cryptocurrency by market capitalization, dominates our list of top coins to watch. Ethereum is and an open-source distributed blockchain that pioneered smart contract functionality. While Ethereum can be used as a medium to transfer value, its true use cases lie in facilitating the execution of smart contracts. Additionally, Ethereum blockchain hosts a number of applications and ERC20 tokens, which sometimes boost the assets’ valuation.

Buy/Sell ETH

The final testnet before ETH 2.0 to go live on August 4

The Ethereum 2.0 developers have announced that they are going to be deploying the Medalla testnet on August 4. The launch of Medalla, the last testnet before ETH 2.0, represents another major developmental milestone for the already established blockchain project, which recently celebrated 5 years of existence. The testnet is scheduled to go live on August 4, 1:00 PM UTC. However, if the testnet does not reach the necessary 16,384 validators (524,288 ETH staked) on time, the testnet genesis time will see delays. The Ethereum 2.0 developers are offering $5,000 bounties to anyone that finds and discloses a vulnerability in the code of the new update. Ethereum 2.0 upgrade is expected to hit the mainnet before the end of this year.

2. Crypto.com (MCO/CRO)

Crypto.com is pioneering crypto payments platform that believes that it’s a basic human right for everyone to control their money, data and identity. Launched in 2016, the platform that offers a cryptocurrency exchange, wallet and several tiers of cryptocurrency linked Visa cards with CRO cashback among other services, has reached more than 1 million of active users. Up to now the platform has utilized both the CRO and MCO token.

Buy/Sell MCO/CRO

Crypto.com To Phase Out the MCO Token

Crypto.com has recently announced that they will be conducting a MCO/CRO token swap as the platform slowly transitions towards a one-token model. Crypto.com claims that all MCO features will be incorporated into CRO token and urges holders to act as soon as possible since after November 2, the platform will halt MCO token buying and selling and discontinue its support. Although the swap announcement lifted a lot of dust within the crypto community, the value of both tokens has increased since. The swap that can only be performed in the Crypo.com platform offers a fixed rate of 27.6439 CRO per 1 MCO, while users who choose to act sooner than September 2 will enjoy a 20% bonus and receive 33.1726 CRO per 1 MCO. You can read more regarding the swap conditions here.

3. FETCH (FET)

The Fetch.ai is an open-source project that combines artificial intelligence and blockchain aiming to build a decentralized machine learning platform based on a distributed ledger. The blockchain utilizes a uPoW (useful proof-of-work) consensus algorithm. In contrast to ordinary PoW (proof-of-work) the computational power that guarantees the blockchain’s security and immutability is not wasted, but rather used for performing useful calculations for the network’s users.

Buy/Sell FET

Fetch.ai Validator Slot Auction

The project introduced staking in October 2019. While anyone can stake their FET, regardless of the amount, they first need to claim a validator slot as the project utilizes a Proof-of-Stake with unpermissioned Delegation (PoS-uD) consensus algorithm. The validator slots were first auctioned in October, and you can read more about the auction here. Fetch will auction another 200 validator slots on August 3. During the auction that lasts 3 hours, users are able to post bids between 1,500,000 FET and 200,000 FET. You can follow the auction here. Users that do not have 200,000 FET to participate in the auction can pledge their tokens to a staking pool, allowing the pool owner to claim the validator slot. You can read more on FET staking in the Fetch.ai’s Medium post.

August 3, 2020