Category Archives: Cryptocurrency

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Cryptocurrency has changed the world as we know it. Everything from finance and technology to the way governments regulate online payments has been affected by it.

One of the industries that has been almost completely disrupted by crypto is the iGaming industry. Here, we look at five ways in which the world of iGaming is changing because of cryptocurrency.

Faster Deposits and Withdrawals

It is not a secret that local fiat currency payments are often much faster than cryptocurrency. In fact, many of them only take a couple of seconds to complete. However, it is also not a secret that international payments are quite slow by comparison, often taking days per transaction.

With crypto, this is not a problem. The average transaction time ranges from a few minutes to less than an hour depending on the coin involved. As such, cryptocurrency allows players to make faster deposits and withdrawals.

In recent years, cryptocurrency has increasingly been used in cross-border payments. This is true for literally hundreds of industries, and iGaming is just one of them.

Secure Payments

Another problem with fiat online casinos has been the problem with security. This is not true for some of the more reputable casinos. However, those iGaming websites also have had to deal with a lot of regulation and geo-restrictions.

On the other hand, non-reputable casinos not under these limitations have had a problem with getting people to trust them. This is not surprising, as there have been many scams involving online casinos through the years.

When it comes to crypto casino sites, a huge layer of those concerns is removed due to the secure payment gateways that have to be used when transferring cryptocurrency.

Contrary to popular belief, crypto payments are not untraceable, they are simply anonymous (i.e. a third party cannot discover the name of the parties involved without additional information). As such, it stands to reason that tackling crypto-based gambling frauds will also be much easier.

No Regional Restrictions

Although we have mentioned how certain casinos lock out players based on where they are based, we believe this point deserves another mention.

There are many fiat-based iGaming websites that are not accessible in large parts of the world. In fact, some of the most well-known and beloved online fiat-based casinos cannot even be accessed in the US.

Crypto casinos, on the other hand, usually do not have regional restrictions. While there are some crypto casino sites that are overly regulated, there are more than enough websites that can be accessed from pretty much all over the world.

While it is possible that future regulation may render this advantage obsolete, chances are that crypto-based gambling platforms will always enjoy somewhat looser restrictions compared to their fiat counterparts.

An Increased Focus on Bonuses

While this is not true for all cryptocurrency casinos, it is true that there is now a bigger focus on providing withdrawal and other types of bonuses than ever before.

This is because cryptocurrencies have allowed more people to access iGaming websites than ever before (see above). With a higher number of potential customers now visiting the casinos, there is more competition which is bound to be better for the consumer.

As such, it is not that rare to see bonuses that match the deposit amount by up to 200%. Just to be clear, this would mean that you receive 2 BTC for free on a deposit of 1 BTC. Most crypto casinos now also run weekly promotions that allow the players to get their hands on a lot of free coins.

Another good news is that the advent of more crypto casinos has also required fiat-based platforms to increase the rewards. As such, bonuses nowadays are higher across the board than what they were just a few years ago.

Casinos Have More Control

Cryptocurrency has also allowed casinos to have more control over their business. Remember that we do not mean that in a bad way, as illustrated by the following two examples.

1. Since casinos do not have to deal with any third-parties for handling withdrawals and deposits, they can save a lot of money in the long run. These savings can then be passed onto the consumer.

2. Opening a casino is much easier when using cryptocurrencies due to the company having to deal with less regulation.

As such, it comes as no surprise that we have seen a lot of new crypto casino sites begin operating over the last few years. On top of that, a lot of traditional online casinos also now offer crypto-based payment methods. This number is continuously increasing, meaning that crypto will continue to have a lasting impact on the iGaming industry.

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Castanet.

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Ethereum Classic's ETC/USD price has increased 5.71% over the past 24 hours to $36.9, which is in the opposite direction of its trend over the past week, where it has experienced a 6.0% loss, moving from $39.33 to its current price. As it stands right now, the coin's all-time high is $167.09.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 72.0% over the past week, while the overall circulating supply of the coin has increased 0.05% to over 136.18 million. This puts its current circulating supply at an estimated 64.63% of its max supply, which is 210.70 million. The current market cap ranking for ETC is #19 at $5.04 billion.

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Cryptocurrency Ethereum Classic's Price Increased More Than 5% Within 24 hours - Benzinga

Flow's FLOW/USD price has increased 5.59% over the past 24 hours to $2.71. Over the past week, FLOW has experienced an uptick of over 47.0%, moving from $1.87 to its current price. As it stands right now, the coin's all-time high is $42.40.

The chart below compares the price movement and volatility for Flow over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 1253.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.4%. This brings the circulating supply to 1.04 billion. According to our data, the current market cap ranking for FLOW is #31 at $2.81 billion.

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Cryptocurrency Flow's Price Increased More Than 5% Within 24 hours - Benzinga

Cryptocurrency fundraising surpassed $30 billion in the first half of 2021, reported by Cointelegraph quoting crypto analytics firm Messari and Dove Metrics.

As per the report, the overall amount of money raised in the first six months already exceeds the $30.2 billion that was raised in 1313 rounds throughout the entire year of 2021.

The centralised finance (CeFi) industry received $10.2 billion in funding, accounting for more than one-third of the total capital raised. High investment levels were also seen in the NFT sector and infrastructure. Decentralised finance (DeFi) investments, on the other hand, seem to have lagged behind with only $1.8 billion in funding over that time.

Crypto exchanges received the majority of the investment in CeFi, which raised a total of $3.2 billion in finance. Market makers, savings/banking account businesses, and payment services were nearly tied for second position.

Gaming-related NFTs took home the lions share of investment in the Web3.0 and NFT industry, which raised $8.6 billion in funding during the first half of the year, raising more than four times as much as any other NFT vertical.

In June, PWC released its most recent hedge fund study, which found that 38% of hedge funds now invest in digital assets, up from 21% in 2021.

(With inputs from Cointelegraph)

Also Read: Block shares slip after cryptocurrency winter dampens quarterly results

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Cryptocurrency fundraising surpasses $30 billion in the first half of 2021 - The Financial Express

Web3 adoption seem inevitable, but so does the increase in security issues and hacks. What are the main factors causing this? The high rate of innovation in the crypto world and the frequent software upgrades of the multi-chain world look like they will inevitably introduce more vulnerabilities. We need to have real-time monitoring infrastructure in place to prevent and quickly react to exploits.Effective monitoring infrastructure in the hands of the community acts as a powerful deterrent to bad actors, Nikos Andrikogiannopoulos, CEO of Metrika, told The Armchair Trader recently. Similar to fire and weather alerts, which get communities mobilized, evacuate threatened areas, and activate volunteer rescue teams, blockchain communities need processes and tools to deal with emergency situations.Disruptive technologies are volatile and, with that, bring significant risk and great rewards. Most of the developers in the blockchain space are learning on the fly, as they come from conventional technology stacks and are retrofitting their skills. Education will become a driving force for better and more secure programming.

Full story : Nomad and Solana hacks: what are the lessons for cryptocurrency investors?

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Nomad and Solana hacks: what are the lessons for cryptocurrency investors? - OODA Loop

Over the past 24 hours, NEAR Protocol's NEAR/USD price has risen 12.88% to $5.05. This continues its positive trend over the past week where it has experienced a 18.0% gain, moving from $4.34 to its current price. As it stands right now, the coin's all-time high is $20.44.

The chart below compares the price movement and volatility for NEAR Protocol over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

NEAR Protocol's trading volume has climbed 37.0% over the past week along with the circulating supply of the coin, which has increased 1.03%. This brings the circulating supply to 752.41 million, which makes up an estimated 75.24% of its max supply of 1.00 billion. According to our data, the current market cap ranking for NEAR is #25 at $3.78 billion.

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Cryptocurrency NEAR Protocol Up More Than 12% In 24 hours - Benzinga

Over the past 24 hours, Solana's SOL/USD price has risen 3.57% to $39.85. This is contrary to its negative trend over the past week where it has experienced a 5.0% loss, moving from $41.96 to its current price. As it stands right now, the coin's all-time high is $259.96.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 35.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.15%. This brings the circulating supply to 346.34 million. According to our data, the current market cap ranking for SOL is #9 at $13.83 billion.

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Cryptocurrency Solana's Price Increased More Than 3% Within 24 hours - Benzinga

Aug 02, 2022

Nearly 75 percent of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, according to Deloittes Merchants Getting Ready For Crypto study.

The survey of 2,000 U.S. retail executives was taken in the first two weeks of December 2021, just before valuations on digital currencies collapsed.

According to Barrons, Bitcoin, the dominant token, continues to trade at around one-third of its November 2021 all-time high, with the market capitalization of the overall crypto space also tumbling.

Deloittes study, done in collaboration with PayPal, found retailers bullish on the digital assets potential:

Survey participants saw the top barriers to adoption to be security of the payment platforms, cited by 43 percent; followed by the changing regulatory landscape, 37 percent; and the instability of the digital currency market, 36 percent.

Cryptos crash has been dramatized by the meltdowns of stablecoin Terra, crypto hedge fund Three Arrows Capital and numerous crypto lending platforms, although risky assets overall, including tech stocks, have been battered inside the broader bear market.

Gucci, Balenciaga and Tag Heuer are among those this year joining Whole Foods, Nordstrom, PacSun and Crate & Barrel in accepting cryptocurrencies. American Eagle Outfitters drew attention for deciding not to accept crypto payments while recently launching an NFT apparel shop. Craig Brommers, American Eagles chief marketing officer, said at CommericeNext 2022, When we thought about our 15- to 25-year-old customer, the reality is they were not ready for cryptocurrency.

DISCUSSION QUESTIONS: Have you become any more or less confident about the value of cryptocurrencies as a form of retail payment since the start of the year? Have the barriers to adoption changed?

"Accepting cryptocurrency is a great business plan as long as you treat it as you would any foreign currency."

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Should the cryptocurrency crash scare retailers? RetailWire - RetailWire

EXCLUSIVE: Cryptocurrency pioneer Jeff Garzik has launched NextCypher Productions (NxC), a new independent entertainment company that will focus on using the emerging technology of Web3 (NFTs, crypto, blockchain applications) to empower the sci-fi community to turn fantasyinto reality.

NxC is more than just a mere production company. It is a passionate community, defined by the people and projects that it interacts with, said Garzik, who is best known as one of the pioneers of cryptocurrency, having worked on the Bitcoin Core project the first blockchain node as well as Bitcoin mining projects and the Linux operating system. One of our core principles is to enable sci-fi and fantasy fans to do more than simply consume content from the worlds we construct, but to allow them to truly participate in beloved properties in ways they never thought possible. Above all, NxC pledges to always put the needs of the audience first as we create consistently great entertainment.

As part of the launch, Garzik is announcing the companys first two television projects. The first is a one-hour action-drama series calledDeathlands thats based on the bestselling book series. Its being developed for television by showrunner/executive producer Mark A. Altman (Pandora, The Librarians, Agent X) and executive producer Thomas P. Vitale (57 Seconds, Slasher, Pandora).

Deathlands isMad Max: Fury RoadmeetsYellowjacketsin an epic post-apocalyptic sci-fi adventure, said Garzik.Deathlandstells the story of a world ravaged by violence, destruction, and death. Now, only the most smart, cunning, and capable survive as they attempt to navigate the new normal of a world turned upside in the hopes of building a new, more just society for the future.

The other project in the works is Looking Glass thats based on an original concept from Garzik. He describes it as an exciting and thought-provoking new sci-fi action/adventure series in which a young woman whose memory was erased goes on a quest to discover her true identity as agridrunnerwho must save the outcasts of society from a deadly conspiracy that threatens to destroy the future.

Looking Glassmade its premiere as a graphic novel through the NxC subsidiaryNext Cypher Words + Art. The new comic book publisher announced the first issue of theLooking Glassgraphic novel at San Diego Comic-Con last week.

NxC will be announcing its next projects soon with production on Deathlands anticipated to begin in early 2023 in Bulgaria and Looking Glass later in the year.

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Cryptocurrency Pioneer Jeff Garzik Launches NextCypher Productions; Focus On Emerging Technology of Web3 - Deadline

Recently, cryptocurrencies have proven as viable option for financial investments, and is understandably becoming more and more popular. Surveys by PEW Research Center show that a staggering sixteen percent of Americans admit to having invested in cryptocurrency, with that number being even higher all around the world.

It isnt just the adult population that has embraced cryptocurrency. Statistics, according to 2022 Investopedia Financial Literacy Study, show that Gen Z is far more likely to be curious about, and invest in cryptocurrency. It isnt just Gen Z that are becoming curious about crypto. A quarter of millennial millionaires have been shown to have a huge portion of their wealth invested in cryptocurrency, with many of them also owning non-fungible tokens.

While bitcoin is undisputedly the most prominent, and high-priced cryptocurrency, there are so many more options to choose from. The number of cryptocurrencies on the current crypto market number in the thousands, with some estimating the number has reached ten thousand different cryptocurrencies. With so many different choices to pick from, how is a new investor to know where to begin? In this article we will offer a few tips for how to pick an option best suited to your needs.

Crypto Trading Site Support

One of the things that will help you pick the best option, is to look into the many crypto trading sites and the different cryptocurrencies those sites support. Most trading sites, like https://tradingplatforms.com/au/ for example, support a wide range of cryptocurrencies, with Bitcoin, Ethereum, Ripple, Litecoin, etc. being the most prominent.

Not only that, number of other benefits are also offered by these sites to the new investors.. For one, they are easy to access and use. All you need to create a profile on one of these sites is a username, password, and email. Many of the sites offer beginners an investment tutorial, and to make investment even easier, they incorporate artificial intelligence technology, the purpose of which is to read the fluctuation rates of bitcoin prices and predict future values.

Investigate the Price History

Many new investors make the mistake of seeing a trending cryptocurrency, and quickly invest in it while it is highly priced. This is the easiest decision and most common mistake to make.. It stems from stuff like fear of missing out, or a lack of patience. The problem with this approach is that it forgets to take into account the high rates of fluctuations that permeate the crypto market. A cryptocurrency that suddenly gained prominence one day, might plummet in value the other.

Rather than jumping in, let a cool head prevail, wait a few days, and most importantly investigate the price history of the cryptocurrency. Lets take Bitcoin as an example. If we look at Bitcoins price history, we can see times when it has plummeted in value, however, for the most part it has stayed highly profitable. Same is true for many of the other famous cryptocurrencies, like Ethereum.

Investigate the Best Options

As stated above, there are currently thousands of cryptocurrencies on the market. This can confuse people and overwhelm a lot of young investors. But as stated above, it is best to retain a cool head, and do some research on the best, historically proven cryptocurrencies on the current market. Let us take a look at some of the best, most trusted cryptocurrency right now.

The most popular cryptocurrency has consistently been Bitcoin. However, since there are other cryptocurrencies that are being introduced into the market, it is imperative to investigate the best option for your investment. This will influence the direction your investments will take, in a huge manner.

Look at Your Options

The success of Bitcoin led to the creation and distribution of quite a few other cryptocurrencies on the market today. So, take a look at all of them and consider your options. A few notable options are the following:

Tether is a stablecoin. This means that its value is tied to a given FIAT currency. In the case of Tether, it is the U.S. Dollar. Which means that, as long as the dollar remains stable, Tethers value will remain at US$1. Ethereum might be the second most popular blockchain today, and the Ether coin is among the most valuable. In fact, its price is exceeded only by Bitcoin. Dogecoin started out as a joke. A parody of the crypto craze. However, it soon grew into its own thing and became a hugely popular asset. Today, it ranks among the top ten most popular and recognizable cryptocurrencies in the world.

Also make sure youve explored the numerous, successful Bitcoin hard forks that have occurred over the years. Among them, the ones to keep an eye out on are Bitcoin Gold and Bitcoin Cash. They are definitely the two most popular hard forks on the market today.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

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Choosing the Right Cryptocurrency to Invest in - Kalkine Media