Virtue Poker, the blockchain based P2P poker app will launch on Binance Smart Chain, becoming the first licensed, multi-chain compatible blockchain based poker platform.
“Virtue Poker aims to become the go-to-destination for blockchain based wagering” says CEO Ryan Gittleson. “Our launch on BSC will enable a whole new audience of crypto-enthusiast poker players to more conveniently deposit, wager and play on the Virtue Poker platform.”
Virtue Poker will operate on BSC by providing a deposit contract whereby users can deposit either BUSD or VPP on the Virtue Poker platform. Deposits will be sent to a wallet under the player’s control within the Virtue Poker sidechain. To celebrate the launch on BSC, Virtue Poker will be giving away 100 BNB tokens to the first 100 players to deposit 1000 VPP on the Virtue Poker platform through their BSC contract.
Virtue Poker also will be listing their BEP-20 $VPP token on PancakeSwap, while launching their Liquidity Provider rewards program on both PancakeSwap and Uniswap. Virtue Poker will be issuing 1,000,000 VPP tokens in the first 30 days to LP’s across both PancakeSwap and Uniswap. LP’s will be able to earn 600,000 VPP tokens on PancakeSwap, and 400,000 VPP tokens.
VirtuePoker is a ConsenSys-incubated poker platform that delivers provably fair poker on the blockchain, the company is licensed and regulated by the Malta Gaming Authority and most importantly never has custody of players’ funds. Following a successful investment round in April to the tune of $5 million, the company recently completed its IDO on SuperStarter, and launched the platform for the first time publicly for real-money on May 28th. Player’s can earn their share of over $500,000 in guaranteed prizes by downloading and playing on the app from now until July 15th.
About Virtue Poker
Developed within ConsenSys in 2016, Virtue Poker is a decentralized peer-to-peer poker platform based on the Ethereum blockchain. By design, the platform delivers a safe, honest, and fun experience for players. Backed by ConsenSys, DFG Group, Digital Strategies, Fenbushi Capital, Flurry Capital, JRR, Pantera Capital, and others along with stakeholder Phil Ivey, Virtue Poker endeavors to bring blockchain-based betting to the mainstream globally with its recently acquired Malta Gaming License.
DRONEFLY is an all-encompassing platform for both aspiring and professional drone flyers. It includes a job hub for drone flyers, a market for peer-to-peer trading and repairs, an education platform secured with blockchain, and a rental service to monetize drone sharing during idle times. These four platforms work in harmony and foster a tight-knit community bonded by their passions for flying and newfound market legitimacy with DRONEFLY.
The Association for Unmanned Vehicle Systems Internationals speculates the global drone industry will surpass $82 billion in total economic impact by 2025. Recent rapid growth has spurred a monumental rise in drone-related job opportunities, but the profession still lacks a widely accepted measure of flying competency and experience.
DRONEFLY’s FlightTracker tackles this problem head-on through the DRONEFLY application, which enables FlightTracker to record flight hours, altitude, and flight area for digital storage on the blockchain network. FlightTracker holds the potential to become a gold standard when assessing drone operator competency and eligibility for larger-sized drones or positions in specialized industries.
All data recorded via the FlightTracker microcontroller including numerous sensors such as GPS and altimeter are analyzed by an AI machine learning protocol. Leveraging user big data, DRONEFLYs predictive algorithm can discover accident-prone areas, assess user flying ability and respective fidelity, and produce autonomous job recommendations based on flight history and quality.
In addition to establishing a data recording standard employers and job seekers can rely on, DRONEFLY has developed a one-stop-shop sharing platform where network participants can barter for second-hand batteries, cameras, and other various parts. A trusted second-hand marketplace can lower the financial barrier to entry and help drive the ongoing drone market proliferation.
DRONEFLY also provides a rental platform where community members teetering between entry-level or top-of-the-line drones can vouch for renting the device on an hourly basis to try before they buy.
KDC utility tokens’ core usage is fee payments when using the business platform. The majority of fees paid using KDC are re-distributed to participants as a reward. Users can utilize KDC for platform payments or value exchanges, allowing the employed token model to foster a healthy flow of tokens, both in and out of the ecosystem.
ABOUT PROBIT GLOBAL
ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 600+ altcoins in 1000+ markets.
ABOUT DRONEFLY
DRONEFLY is a secure blockchain-based system that provides reliable drone flight data. DRONEFLY offers certified drone flight experience information through KDMS and rewards participants according to their flight experience and flight skill grades. DRONEFLY is an all-encompassing platform for drone enthusiasts and professionals
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
100,000+ community members 800,000+ monthly active users 3,000,000 monthly web visitors 50,000,000 users on partnering aggregators and wallets such as CoinMarketCap User interface of Multilingual website supporting 41 different languages Marketing and community support in 8 key languages
PayrLinks provides escrow services backed by a global network of industry experts serving as digital jurors who oversee and cast votes to resolve a wide range of potential disputes. Dissenting parties can file an appeal to PayrLink at a much lower cost while retaining the services of industry experts with the implementation of smart contracts.
Designated jurors are required to stake PAYR a minimum of 1 month before a specific dispute to remove any potential for bias or collusion. The PayrLink smart contract can accurately verify all commitments set in stone once votes are officially cast.
Jurors with higher stakes have a proportionately increasing chance of voter selection with slashing mechanisms serving to sustain integrity across the ecosystem. PayrLink Revenue Distribution (PRD) allocates a portion of transaction fees to further incentivize honest actors throughout the voting arbitration.
The platform establishes enhanced data privacy through blockchain technology such as Zero Knowledge Proof to bolster transaction security without revealing core information such as recipient addresses.
PayrLink has revealed their intentions to launch on Ethereum in Q3, 2021, followed by future deployment on the Binance Smart Chain in Q4, 2021.
ABOUT PROBIT GLOBAL
ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 600+ altcoins in 1000+ markets.
ABOUT PAYRLINK
PayrLink is a decentralized application powered by Blockchain technology that works as a decentralized third-party that arbitrates transactions in a private manner from very simple and highly complex ones.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
100,000+ community members 800,000+ monthly active users 3,000,000 monthly web visitors 50,000,000 users on partnering aggregators and wallets such as CoinMarketCap User interface of Multilingual website supporting 41 different languages Marketing and community support in 8 key languages
Although digital assets such as Bitcoin have been hailed as the new generation of financial transaction systems, it is clear that they come with their own set of unique risks. On top of this list are the scams and hacks that have unfortunately been running rampant in the sector.
Despite the growing rate of regulations across the sector, these risks are still very much present in the crypto industry. These risks and others such as ransomware attacks and pollution were some of the main points brought up by Senator Elizabeth Warren when she criticized digital assets at a recent hearing, which was held to determine the development of the digital dollar.
Beginning her statement, Warren described digital assets as a very distant alternative to physical cash because they are currently not the most efficient way to purchase and sell goods and services.
She said that unlike physical cash like the dollar, the value of the digital assets is mainly dependent on the activities of traders whose activities are speculative in the market.
Giving a solid point to back up her claim, she mentioned that Dogecoin saw a massive rise before witnessing a decline of about 60% in the market. She noted that even though those activities might go down well with traders, it would not be beneficial to regular people who carry out their legal activities and wish to spend the assets in their day-to-day activities.
Warren said the recent Colonial Pipeline hack would push hackers to start exploiting people
After citing an example of both Bitcoin and Dogecoin, Warren further noted that her criticism was not limited only to these two cryptocurrencies. She explained that the volatility of most digital assets in the market is one deterrent that would hinder them from being a real medium of exchange.
She also went further to comment on the unavailability of consumer protection laws, which would mean that people who suffer from hacks and scams would not have any legal backing. Warrent also touched on ransomware, highlighting a recent event where Colonial Pipeline and JBS were asked to pay a ransom with digital assets.
Capping off her speech, she noted that more hackers would see it as a growing opportunity to venture into the business with every successful attack. The recent ransomware attack on Colonial Pipeline saw the company pay off famous Russian hackers group Darkside with Bitcoin.
NFTs will likely go down as the revelation of 2021. Non-fungible tokens (NFTs) are digital collectibles that first appeared on the internet in 2014. However, they gained massive traction in 2021 and are more or less mainstream now. They are also the backbone behind another hot trend, metaverses. These are digital worlds where users can explore, socialize, and transact similarly to how they would do so in the real world.
Many metaverses exist, with the most popular ones operating on the Ethereum blockchain. For the uninformed, that is the digital ledger of the world’s second-most established cryptocurrency, Ether.
The Sandbox ranks pretty high among these community-driven virtual shared spaces. It originally got released in 2012 by game studio Pixowl as a mobile app for iOS and Android phones, and three years later, it made its PC debut on Steam. In 2016, Pixowl unleased a sequel titled The Sandbox Evolution, and in 2018, the company got acquired by Animoca Brands. Animoca was the one who decided to morph the game into a blockchain-based metaverse where users could monetize their in-game creations. In May of 2019, they raised $2.5 million to develop this project, which is booming with over one million active users.
How Does the Sandbox Work?
As experienced gamers know, a sandbox game is a term that refers to a gaming product that features a vast map that users can freely roam. Similar to other metaverses like Decentraland and Somnium Space, the Sandbox also exists on the Ethereum blockchain. That means that the tokens or digital assets available for trading in this virtual world are Ethereum ones. Thus, all transactions occurring in the Sandbox get recorded on Ether’s digital ledger.
The graphics in this world are akin to those of Minecraft. They are low poly 3D ones to save on bandwidth and processing power. The project does not aim to inspire visual awe. Its goal is to build an MMO/MMORPG gaming universe with a fledgling token economy. It seems to be heading in the right direction as the value of the Sandbox map increased five-fold in 2020, jumping from $5 million to $25 million in the previous calendar year.
To get started, all users have to create their avatars before diving deep into traversing this ecosystem. There is no fixed goal here per se. The overall gameplay revolves around players sharing experiences and taking advantage of their creativity and investment opportunities.
How Can Users Make Money in This Virtual World?
Simply put, users can turn a profit here by trading the virtual goods that they create. This world’s in-game currency bears the name – SAND, and it is an ERC-20 utility token. Users can buy SAND via fiat money, and they can then use it to purchase items, customize their avatars, play games, access new levels, and more. SAND is what powers the Sandbox transaction ecosystem, and it also serves as a governance token. Meaning, the Sandbox is a decentralized autonomous organization, and SAND allows its holders to provide input on how things function in this world.
Users can also use SAND to buy ASSETS and LANDS, which are ERC-721 tokens (NFTs). ASSETS refers to elements that add to the map level design or get used as equipment by avatars. LANDS are digital plots that are 96×96 meter squares. Only 166,464 pieces of LAND exist. Similar to Decentraland, users can combine multiple plots to create one property called an Estate. They can then build vast structures on top of these Estates and run businesses in them. For example, Decentraland is home to the world’s first virtual casino owned by Atari. It provides games equivalent to those available at land-based venues that users can play for tokens. They can then swiftly convert their in-game currency for fiat money at an exchange after landing a win. That is essential, as withdrawals without hassle are critical in the casino industry. Some users in these metaverses have gotten so creative that they run virtual nightclubs that feature live musical performances. So, there are many money-making possibilities here depending on how crazy it gets.
Those not interested in digital real estate and running in-game businesses can focus on creating ASSETS like motorbikes, animals, avatars, or weapons. They can later sell for a wide range of prices on the Sandbox Marketplace as NFTs. Remember scarcity and uniqueness is crucial in attracting attention and keeping sales prices up.
To Sum Up
Currently, The Sandbox ranks in the top five blockchain metaverses. It attempts to change the dynamic between gamer and platform by adding the potential for players to monetize their in-game creations. Concept-wise, nothing sets this virtual world apart from its competitors, and it is these platforms’ popularity that drives the value of their tokens.
About the Author
Shelly Schiff has been working in the gambling industry since 2009, mainly on the digital side of things, employed by OnlineUnitedStatesCasinos.com. However, over her eleven-year career, Shelly has provided content for many other top interactive gaming websites. She knows all there is to know about slots and has in-depth knowledge of the most popular table games. Her golden retriever Garry occupies most of her leisure time. Though, when she can, she loves reading Jim Thompson-like crime novels.
Bitcoin-related services continue to expand, as the price of the largest cryptocurrency have recently reached all-time highs. As compared to several years ago, now there are numerous ways to gain exposure to BTC, but at the same time, use it for purchases, or as funding to trade other leading asset classes such as FX, stocks, indices, or commodities.
Given this is a useful benefit for crypto fans with an interest in the wider financial markets, it will be worthwhile to explore how easyMarkets, a popular brokerage, has made that possible, as well as some of the key benefits it offers when trading with Bitcoin.
The growing Bitcoin demand
Since October 2020, PayPal, one of the largest fintech companies in the world, had started to allow Bitcoin buying and selling, at first for US customers, then it continued to expand the offer. More recently, it had announced that users can withdraw BTC from their PayPal account, creating more incentives to use its service, as compared to traditional exchange platforms.
In tandem, more brands had started to accept Bitcoin as payment for their services and at the same time, institutional flows had been moving into this market, creating a rapid surge in demand and rapidly rising valuations. Adoption of Bitcoin is are now entering the world of CFD trading, and online broker easyMarkets turns out to be one of the pioneers.
Using a trading account denominated in BTC
Thanks to easyMarkets, it is now possible to get involved in hundreds of CFDs based on shares, indices, metals, currencies, cryptocurrencies and commodities, using a trading account denominated in Bitcoin. The µBTC account incorporates all the benefits associated with the traditional account features, including innovative tools such as Freeze Rate, protection features such as dealCancellation, and fixed spreads. Additionally, the µBTC account from easyMarkets allows the owner to deposit Bitcoin and use it as collateral to open trades.
Available for the easyMarkets platform & app, as well as for Metatrader 4, the trading account makes it possible to trade the most liquid CFDs in the world, with no slippage, negative balance protection, guaranteed risk management tools, and a simple account opening process convenient even for beginners.
An increasing number of people view Bitcoin as a medium of exchange and store hold of value, which had incentivized them to keep their holdings in BTC, as compared to traditional fiat. Since brokerages continue to expand their services and are now including crypto, using the most popular cryptocurrency for various activities had been enabled.
Main benefits in trading with BTC
With hundreds of millions of active Bitcoin wallets globally, and an increased awareness of Bitcoin, trading in the financial markets by using this crypto had become convenient for many users. There won’t be any fees related to crypto-fiat exchange, the transfer can be processed quickly, and traders will keep a high level of privacy, due to the blockchain features.
For the time being, Bitcoin is trading around $35,000, still a solid figure, despite a recent setback. The high valuation combined with all the benefits associated with digital assets can make BTC a suitable choice, as compared to traditional fiat.
Elon Musk has denies allegations that he is manipulating the prices of Bitcoin
He says that Tesla will accept Bitcoin payments again once at least 50% of mining is powered by clean energy
Musk clarified that Tesla only sold 10% of its Bitcoin holdings to prove that the market is sufficiently liquid
Tesla CEO Elon Musk says Tesla will accept Bitcoin again once miners transition to clean energy
The recent price surge displayed by Bitcoin has been tied to a recent comment by Tesla CEO Elon Musk.
In a tweet on Sunday, Musk mentioned that the Tesla would consider accepting the digital asset for payments again if Bitcoin miners would use clean energy in at least around 50% of their activities. Elon Musk previously made the news in the cryptocurrency community when he criticized the environmental impact of Bitcoin mining.
After his tweet, Bitcoin rallied up in the market, breaking past the resistance figure of $35,000 and $36,000.
Musk explained that Tesla has only sold 10% of its Bitcoin holdings
The recent tweet by the SpaceX founder came in response to an article by CoinTelegraph where they quoted Sygnia CEO Magda Wierzycka, who said that Musk was manipulating prices to benefit from the $1.5 billion Bitcoin investment that Tesla announced in February.
In his response, Musk reiterated that Tesla did no such thing, as he branded Sygnia CEO’s comments as inaccurate. The Tesla CEO explained that his firm only sold about 10% of the Bitcoin in their holding as proof that they could liquidate the portion without making significant changes to the market.
Tesla is one of the big players that joined companies like MicroStrategy and Square in adding Bitcoin to its balance sheet.
In the last few months, Musk’s comments have had an impact on cryptocurrency prices on numerous occasions.
When his company bought Bitcoin in February, the price of Bitcoin saw a major boost. After that, however, the romance between Musk and Bitcoin soured. On May 12, Tesla stopped accepting Bitcoin payments because of environmental concerns. This had a noticeable impact on the BTC market, with the price of the leading digital asset tumbling shortly afterwards.
Unlike Musk’s relationship with Bitcoin, his relationship with meme coin Dogecoin is still as sweet ever, as revealed by his recent tweets favoring DOGE.
After the successful STAK token sale, Lemonade to hold it’s first IDO launch, DePo on June 17, 2021
Lemonade, a DeFi token launchpad governed by the Jigstack DAO, is excited to announce the IDO of DePo. The DePo whitelist process starts June 17, 2021, whereas the public sale final date will be disclosed in the coming days.
DePo streamlines the crypto experience for users. It aims to be the first multi-market aggregator in the decentralized finance ecosystem.
DePo offers a unified interface where users can easily connect to all crypto exchanges, NFT marketplaces, decentralized protocols, ERC20 wallets, and staking platforms.
Considering there are more than 600 crypto exchanges and 10,000 cryptocurrencies, it has become a time-consuming endeavor to switch between different exchanges and currencies manually.
A unified interface will not only save users time but also make it easier for non-crypto people to join the crypto ecosystem.
Users who own Jigstack’s STAK tokens will be able to participate in DePo’s IDO through a three tiered system. The more STAK a user holds, the more access he has to participate in the IDO.
On Lemonade, the STAK token holders get access to unique opportunities such as the DePo IDO. They can buy newly issued tokens before their public listing on larger exchanges.
Since the STAK IDO, Jigstack has further refined the Lemonade launchpad and added new functionalities including the ANTI-bot.
The ANTI-bot blacklisting schema attaches directly to the campaign. It gives the token issuer a buffer time between the sale and claim period to block out the bots, suspicious users, and correct any accidental blacklists. The collected ETH will be sent to the IDO owner, but the bot will not be able to claim the tokens.
ABOUT LEMONADE
Lemonade is a DeFi token launchpad that allows token issuers to raise funds without having to deal with complex setups or involve exploitative intermediaries. It offers permissionless, hands-free automation, and a customizable sales structure to ensure a seamless user experience.
Lemonade is governed by the Jigstack DAO. Jigstack is an Ethereum-based DAO that governs a portfolio of high-quality products. STAK is Jigstack’s governance token, which can be used to manage Lemonade and other Jigstack protocols.
Digital currency is considered one of the biggest innovations in the past 20 years. Blockchain technology is changing how consumers transact online. Although Bitcoin looked valueless when it first launched, it has steadily proven the worth of cryptocurrency and opened the door for other altcoins in the process. Consumers are slowly adopting digital coins as payment solutions in various marketplaces, with online gambling as a top contender. New approaches to payments have fueled the dramatic growth of the internet gambling sector. Operators are always looking for the most efficient ways for users to transact online, and digital currencies solve several issues.
Blockchain networks facilitate unalterable, permanent and anonymous, but transparent payments. Without an intermediary to police transactions, crypto coins reduce the costs of operations for gambling operators, which are passed on to customers. The debate of how blockchain technology revolutionises online gambling is an ongoing one. A part of it looks at the risks that cryptocurrency gambling poses. Before embracing any new product, consumers must evaluate the potential pitfalls. As impressive as blockchain technology is, it’s not perfect. The following analysis highlights the main risks that gamblers should be aware of.
Disruption of Online Gaming Regulation
A persistent challenge across the gambling industry is how cryptocurrency eliminates the need for regulation. Every transfer made on the blockchain network is visible, meaning that anyone who wanted to can view and verify it. The transparency of crypto payments means that a third party is not required to check and approve transactions. Regulation is not mandated for gambling operators that support digital currency. This situation leaves the door wide open for sites of questionable repute to offer services to consumers. It also creates a loophole for gamblers in regions that don’t permit the processing of online gambling payments from fiat currency.
The circumstances are changing, though. As the demand for crypto sites increases, some top gambling jurisdictions like the United Kingdom and Curacao have started regulating cryptocurrency operators. Still, only a handful of licensed and registered platforms accept digital currencies. The main issue is that some crypto-only sites hold licences in jurisdictions with minimal standards, which exposes gamblers to limited consumer protection. Such operators might not institute AML (anti-money laundering) and KYC (Know Your Customer) requirements. You can avoid this risk by conducting thorough research into reputable crypto operators. For example, you can look up the best rated Litecoin casinos before you begin gaming.
Hacking Concerns
Initially, cryptocurrency was lauded for being unhackable. It’s among the top reasons blockchain applications have become so popular. How true is it, though? The public ledger that records crypto transactions receives regular reviews from users, which make it hard to hack. Currency holders use private keys to send and receive funds. By design, cryptocurrency is difficult to penetrate. However, every technology has its weaknesses. In this case, security concerns are about coin storage. When you buy Bitcoin, Ethereum, Litecoin or any other digital currency, you need a wallet to keep the coins. Currency exchanges provide these wallets. In the short history of cryptocurrency, there have been numerous reports of exchanges getting hacked and users losing millions in crypto.
Not all exchanges implement solid security protocols to protect customer funds. Coin exchanges don’t have the experience of custodial banks, which have mastered the practice of storing monies. Hackers can acquire private keys and use them to wipe out wallets. Additionally, when creating an account at a coin exchange, you need to verify your identity. If the personal details used are compromised, then your funds are at risk. For these reasons, gamblers should ensure that they use reputable coin exchanges. Even then, they should avoid holding funds for too long in online wallets. Using cold storage or hardware to park your crypto coins is another solution.
Price Volatility
The biggest risk to watch out for when using cryptocurrency is volatility. Digital currencies don’t have stationary value. They can spike and plummet rapidly in a matter of hours. It means that you could have a good chunk of change in crypto at the start of the day and by the end of it, you could have nothing. Take Bitcoin, for example. In April 2021, it attained the highest recorded value at more than $63,000 and by May, half of that worth was gone. Volatility is present in all assets, but virtual currency is uniquely susceptible.
Various factors affect the price of digital coins. One is supply and demand. Cryptocurrency is available in limited supply. So, the more people acquire a particular currency, the higher the demand, causing a price surge. Another reason is that crypto is highly prone to pressure and influence. Nobody paid my h attention to digital currencies when they came out. However, as its disruption potential became clearer over time, governments and regulatory bodies started paying more attention. Now there is pressure to regulate blockchain systems, which plays a big factor in a coin’s worth. The more interference there is, the less appealing a digital currency becomes. Cryptocurrency remains a hot debate topic globally and any news impacts value. The most recent example is Dogecoin’s upward trend when Tesla’s CEO’s Elon Musk started commenting on the currency on Twitter. Cryptocurrency is yet to attain the stability of fiat currency. Therefore, gamblers should approach the payment option with caution.
Despite recent uptake in demand, cryptocurrency is still in its infancy and that means that it has various complex issues that consumers must watch out for. Gambling with digital coins has its perks, but users must also consider the implications. Comprehending the risks accompanied by crypto gaming allows bettors to leverage the benefits of blockchain transactions adequately.
