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Today bitcoin technology is the mainstream of the financial market. Everyone knows the limited supply of the bitcoin but everyone wants the bitcoin as well. You can earn Bitcoin by playing games. In addition, different bitcoin casino sites offer incredible promotions. Also, these promotions packages are connected to your holidays and vary from time to time.

There are few casino promotions offers on the market.

Free Spins Friday (BetChain):

BetChain is the strongly focused on the bitcoin community. The casino is now going to host “pocket dice” as well. BetChain casino offers 1000+ different bitcoin games. In addition, this number is more than any other bitcoin casino brand. Games include:

  • Blackack
  • Roulette
  • Baccarat
  • Card games
  • Poker games
  • Dice

BetChain is offering these best online casino promotions for every single week. here,

You need to know:

  • BetChain offering free spin to its player on every Friday.
  • You have the option to receive up to 50 free spins
  • There is no need to redeem

Free Spins Tuesdays LimoPlay:

On each Tuesday, you have an option to spin and win. The reason is Casino offering 25 free spins to its players on the game of FruitZen and Bomanji. Here,

You need to know:

  • Deposit of at least $/€/£20 or 0.2 BTC
  • Bet at the same amount
  • Wow! This is done. You earned 25 free spins on both games (FruitZen and Bomanji)

Slot Wars from BitStarz:

BitStarz gives surprises to its top players. They can win 5BTC or 500EUR. It’s all depends upon the player’s capacity. Here,

You need to know:

  • Top 15 Bitcoin wagers and top 10 EURO wagers are making a leaderboard
  • Produce more points toward slot wars the more you bet
  • Follow the leaderboards on site’s online casino promotion page

Weekend Cashback from 7BitCasino:

On weekend, 7BitCasino offering its players a second chance to play cashback. Here,

You need to know:

  • Get up to 10% cashback up to €25 / 0.07 BTC
  • First priority of Payment is in BTC than USD and EURO
  • 1 cashback is tolerable per person each weekend

High-Roller Games at Fun Casino:

Fun-Casino adds high roller games to its players. List of games is continually growing on. Here,

You need to know:

  • There are 2000BTC bankroll are available for these games
  • Bets and wins are higher than regular Casino games
  • Minimum limit of the bet is 1 BTC for high roller games

10 BTC Weekly Giveaway at Fortune Jack:

Fortune Jack is offering 10 BTC as a reward, more as compared to the other Casino games offers. What,

You need to know:

  • Leaderboards are split into the different slot categories.
  • First, 5 players of each category will get reward
  • Prizes will announce on weekly basis

Goldenstar Casino Lucky Weekend Bonus:

Imperial players of the Goldenstar Casino is rewarding weekly reload bonus.

What you need to know: 

  • On Friday, Saturday or Sunday, you need to make the deposit of EUR 20 / USD 20 / RUB 1000 / 0.03 BTC
  • Use your bonus code and get 50% bonus
  • The bonus is for all players. Just make at least 3 deposits

mbit Amazing VIP Offers:

  • It all depends on the stamina of playing a game. By playing more games, you might become VIP player and will have the opportunity to win more.
  • Players have the option to win incredible prizes such as cash prizes, vacations or another electronic price
  • you win? or you lose …. This is not a big deal. You just play a game and become VIP player of the Casino.

Goodluck!

 

 

 

 

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Crypto Fraud Cases: CFTC Is Stepping Up Against Market Manipulation

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Commodity Futures Trading Commission is making a quick move to declare its jurisdiction to police scam in the cryptocurrency trading. Jack B. Weinstein, a Judge of the Eastern District of New York, favoured the CFTC and affirmed its definition of cryptocurrency as a commodity. A notice of supplemental-legal-authority was given to My Big Coin Pay Inc, which is a crypto-services company that got charged with deception and misuse of funds in January.

cryptocurrency trading

This ruling was basically the outcome of a distinct crypto fraud case that CFTC is pursuing against a crypto-trading-scheme known as CabbageTech. Mentioning from that ruling, the notice directs My Big Coin Pay that;

Virtual currencies ‘fall well-within…the [Commodity Exchange Act’s] definition of commodities and the Commission has the standing to exercise its enforcement power over fraud related to virtual currencies sold in interstate commerce.”

The SEC (Securities and Exchange Commission), the IRS, and the CFTC, all have a different meaning of cryptocurrencies at this time and have selected them as securities, property, and commodities individually.

Now for My Big Coin Pay, the Commission asserts that the stable and related parties; Randall Crater and Mark Gillespie embezzled over $6 million from their clients, as well as by transferring funds of customers into their private accounts and later, spending their funds on purchasing their luxury goods and personal stuff.

cryptocurrency tradding

Many novel cases have been also filed by the CFTF in the past months, which includes three linked to virtual-currency fraud. These cases were the first ones that were brought to the commission since it allowed the launch of bitcoin commodities contracts, the past month. The notice also revealed how CFTC is working hard to establish legitimate precedent and potentially provides a vision of how it will endure regulating the industry.

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New Payment System: Bank of England Considers to Analyze Blockchain Features

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On 27th March, The Bank of England stated that it is undertaking a POC (proof-of-concept) to figure out how the new RTGS (Real Time Gross Settlement) facility is capable of interacting with DLT (Distributed Ledger Technology).

blockchain features

Real-Time Gross Settlement

Real Time-Gross Settlement systems are basically special payment systems where the funds transmission is conducted amid banks on a gross basis and in real-time. On the other hand, this means that the transactions are processed immediately after being settled on a one-to-one basis, deprived of connecting with any other transaction. RTGS systems are generally used for “high value” transactions requiring prompt payment and operate by the central bank of a country.

The RTGS blueprint was issued by the Bank of England in May 2017, stating that the new service will be providing a different and flexible variety of settlement models, to make sure that the payment infrastructures have gained access to the money of central bank.

Reason Behind Central Banks’s Announcement

After the announcement by central bank to test blockchain features, it explained the main purpose behind it, which is to develop a payment service, compatible with Blockchain technology. However, in the recent announcement of the central bank, it excluded the idea of transferring to DLT completely due to the immaturity of technology.

The central bank announced that:

“Although the Bank has concluded that Distributed Ledger Technology (DLT) is not yet sufficiently mature to provide the core for the next generation of RTGS, it places a high priority on ensuring that the new service is capable of interfacing with DLT as and when it is developed in the wider sterling markets.”

The UK bank is going to cooperate with the companies that develop payment solutions by using advanced technologies. Following are the names of the companies:

  • Baton Systems
  • Clearmatics Technologies Ltd
  • R3
  • Token

The capability of DLT-based payment systems to interrelate with the renewed RTGS service and to qualify techniques in which the service’s performance could be extended will be examined by the project parties. The bank is also considering to report their conclusions by the end this year. Also, the ECB (European Central Bank) along with the BOJ (Bank of Japan) released their Blockchain’s potential study this week, for altering securities settlements.

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? Bitcoin Trading – Trade Bitcoin for Beginner level | Bitcoin Volatility Index

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Taiwan – the Crypto Nation and Blockchain Island

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In the recent time, there is a huge awareness being conveyed to the public regarding the Crypto currency. Crypto currency is the digitalized currency or an alternative currency which doesn’t depend upon the country, its economy and its centralized banking system. Crypto currency represents a digital token which carries some value against itself. The first Crypto currency is bitcoin which is regarded as the new gold in the crypto industry due to its overall minimal value. Crypto currency paved the way for the digital payment. Crypto currency differs from fiat currency in terms of exchange rate and other banking trades.

blockchain technology

Many Countries have allowed the trade in the Crypto currency such as in Taiwan according to the legislator Jason Hsu Yu-Jen the legislators in the country have formed a blockchain alliance to provide parliamentary blockchain group to promote the crypto industry in their region and to define regulations so they can attract global crypto exchanges in Taiwan.

Block Chain

The computer protocol which allows its user to transact their cryptocurrencies is called Blockchain. Basically, blockchain represents the blocks of data which are made secure by using cryptography. It acts as a transacted database which is decentralized and can be stored on many computers at once. It can be accessed by only using the cryptography. This technology confirms the legalizing of the trades in real time using only cryptography. There are three types of blockchains which are mentioned below:

  1. Public Blockchains
  2. Private Blockchains
  3. Consortium Blockchains

Public Blockchains which have no restrictions and anyone can access their data or blocks. Anyone can send transactions and as well as can become an activator of the blockchain.

In the Private blockchain provides security and have some set of rules to follow in order to become the validator of this blockchain. This type of technology considered as the permanent block in the companies regarding the blockchain industry.

Consortium Blockchain is also referred to as the semi-centralized. In this type of blockchain multiples of permission is required from multiples companies instead of a single unit.

Taiwan’s Parliamentary Blockchain Alliance

Crypto currency has started a new revolution in the modern time and many countries are moving towards the crypto industry. In this way, Taiwan has also started to promote crypto industry in their country.

According to Jason Hsu Yu-Jen, a member of Taiwan’s parliament and one of the big supporter of crypto industry in the country has said that the Taiwanese legislators have formed a parliamentary blockchain alliance in order to promote crypto currency in their country. Hsu further said that he hopes that the Taiwanese legislators will decide on a clear regulatory network for the blockchain and Crypto currency for the development of crypto industry in the country. The Taiwanese government should be open-minded towards the new technology and innovation said, Hsu. In this way, Taiwan can attract all big and global crypto exchanges to their country and attract global leaders of digital cryptocurrencies in order to make Taiwan a crypto nation.

In this end, many countries are trying to set up the crypto-industry in their countries and Taiwan is one of them and the actions taken by the Taiwanese legislators to make blockchain alliance in the form of parliamentary blockchain to promote crypto-industry in the country and define set of rules regarding its market.

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Cryptocurrency Market Crash: Bitcoin Price Has Dropped Below $10,000

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The price of Bitcoin has dropped by 11% today, on January 31, and once again, the cryptocurrency market is struggling to recuperate from its preceding corrections. Other major cryptocurrencies like Ripple, Ethereum and Cardano have also dropped by 8 to 13 percent and have triggered the cryptocurrency market crash.

Performance of Bitcoin:

In December, the valuation of the cryptocurrency market fell by more than 30%, and since the cryptocurrency market crash, most of the cryptocurrencies have struggled to record hefty gains in the cryptocurrency market. So, we can say that the crash in the performance of bitcoin is not exclusive to bitcoin.

Cryptocurrency Market Crash

Bitcoin is among one of those few major cryptocurrencies (excluding Ethereum), that hasn’t recorded a 50% drop from its all-time high. Whereas, other cryptocurrencies like Bitcoin Cash and Ripple, have dropped by almost 60% from their all-time highs. Apparently, the current price trend of bitcoin shows that the cryptocurrency isn’t performing well in terms of adoption and user activity.

Robinhood is a US-based financial services company that allows individual investors to invest in publicly traded companies and the stock market. Robinhood recently announced that it is going to launch a cryptocurrency exchange and a bitcoin, also, it will allow traditional finance market investors to trade in the cryptocurrency sector.

It is expected that the Robinhood’s cryptocurrency trading platform will launch in February. Above 998,000 users have already signed up to get the early access to Robinhood’s cryptocurrency trading platform and that is almost 10% of the user base of Coinbase.

Multiple hedge funds have expressed their sanguinity this week towards the short-term trend of bitcoin. There have been many rumours in the market that the institutional investors in the finance sector have sold huge amounts of bitcoin in an attempt to lower the price of bitcoin purposely.

 Acceptance by Retailers & Other Financial Sectors:

South Korea’s one of the largest e-commerce platforms “WeMakePrice” have started to adjust twelve cryptocurrencies into their present system in partnership with Bithumb. Soon, cryptocurrencies like Bitcoin, Bitcoin Cash, Qtum, Ethereum, Litecoin and EOS will be accepted by WeMakePrice, which will make it South Korea’s first retailer to accept cryptocurrencies.

Right now, the cryptocurrency market is endeavouring to reflect this speedy adoption of cryptocurrencies by retailers and large-scale companies, which bitcoin sceptic, Howard Schultz (Starbucks chairman), has labelled as the only essential feature for the progress of cryptocurrency market.

As the major cryptocurrencies in the market such as; Bitcoin and Ethereum, continue to be adopted by retailers and other major financial sectors, within few weeks, the valuation of the market would certainly upsurge.

 

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