Casino Players Using BTC Breathe A Sigh of Relief as Bitcoin Whales Stabilize the Market

Casino Players Using BTC Breathe A Sigh of Relief as Bitcoin Whales Stabilize the Market

News and Updates
With the recent news of a Bitcoin whale emptying his wallet of nearly $2 billion worth of BTC causing the BTC’s market rate to crash by 15%, many BTC casino players felt obliged to ask the question as to whether the current whales deciding to offload their crypto will tank the market further. Fortunately, a study by Chainalysis of the 32 biggest Bitcoin wallets that are not currently on an exchange shows that the wales actively trading in BTC are the ones currently stabilizing the much-debated cryptocurrency. Casino players that are worried about their Bitcoin investment can breathe a sigh of relief because there are professional investors still putting their faith into the future appreciation of BTC. There could also be some casino player winners in one group of early…
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Weekly Crypto Report (Oct 10 – Oct 19)

News and Updates
Over the week pretty much all the cryptocurrencies in our report showed the same trends. Sharp falls on Thursday with marginal recoveries to report on Friday. Over the weekend prices remained low but consistent. Come Monday and all hell broke loose as sharp spikes in value were reported across the board, but those increases were short lived. On Tuesday there most cryptos dropped again, but most were fine as the drop left them close to the value that they began the week at. On Wednesday there were mixed trends with most cryptos heading in the wrong direction, but with such as volatile market who knows – anything could happen. XRP was the only crypto to report a positive increase over the week, which is something we will be keeping a…
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US Gambling Regulators Unlikely to Consider Crypto For a Long While

US Gambling Regulators Unlikely to Consider Crypto For a Long While

News and Updates
Bitcoin and Ethereum are arguably at the top of the food chain in the current cryptocurrency online gambling sphere, and there are some that say these two currencies, especially Bitcoin, are set to become mainstream as soon as 2020. More realistically cryptocurrencies won’t become mainstream until about 2025. Thoughts on this matter were confirmed not so long ago when SharesPost Research confirmed that only 51% of investors feel that the chances of crypto going mainstream by 2020 are real. However, this was a sharp decline to Sharespost’s previous study one year before in which 78% felt crypto would go mainstream in 2020. The reduced confidence can predictably be directed towards 2018’s market burnout. When Sharespost conducted their previous survey, cryptos were by and large showing marked increases. Speculation in Regard…
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Weekly Crypto Report (Oct 3 – Oct 10)

News and Updates
It was another consistent week for early all the cryptos in our report with some small gains and ever so slight losses across the board. BTC and ETH continue to remain stable from week to week.  ETH may look to be consistent, but from week to week it still seems volatile as it fluctuates dramatically. This week LTC showed the same signs as ETH as market data reports from day to day and hour to hour showed plenty of highs and lows. XRP, LTC, BCH, and DOGE all reported losses. That said, they were reasonably stable with very few spikes throughout the week and for the most part, the losses were negligible for anyone investing in these cryptos apart from XRP. Although Ripple’s XRP has performed well over the last…
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New Crypto Slot Releases: Great Rhino and 4 Symbols!

New Crypto Slot Releases: Great Rhino and 4 Symbols!

News and Updates
As mBit casino continues to roll out a large number of online casino slots available for BTC, BCH, ETH, LTC, DOGE, and EUR crypto and fiat currency players, the developers keep on producing high-quality 3D gaming with sublime animated effects to boot. The latest of which being Pragmatic Play’s Great Rhino that has swept the online wires by storm as players join its win stampede as they look to land the Grand or Major jackpot bonus, and GameArt’s new look and very unique 4 Symbols slot in which players can get into action playing 4 sets of reels at the same time in a mega bonus round feature. Both Pragmatic Play and GameArt are well-known slots providers both plentiful in variety and themes. Both developers came in behind the likes…
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Weekly Crypto Report (Sep 26 – Oct 3)

News and Updates
Welcome back for another mid-week cryptocurrency report helping you keep track of the best times to invest in some of the mainstream cryptocurrencies. This week we review BTC, ETH, XRP, LTC, XMR, and NEO as a follow on from last week. We have also included currencies accepted by Mbit casino with Bitcoin Cash (BCH) and Dogecoin (DOGE) being reviewed. Overall it was not a great week from start to finish for most of the crypto in our report, but at the same time, it also wasn’t a bad week. In fact, the last 3 weeks the digital currencies we have been reporting on have remained reasonably stable.   Bitcoin (BTC) – 2.29% Increase BTC was on the up last week, but not by much. It finished at $6,360.59 moving in…
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Cryptocurrency Live Dealer Suites Could Overtake Virtual Casino Games

Cryptocurrency Live Dealer Suites Could Overtake Virtual Casino Games

News and Updates
Live dealer suits were out of reach for most low stake players on fiat currency casinos because the minimum bets were always higher on the live game compared to their virtual counterparts. However, that doesn’t seem to matter when it comes to online casinos that allow their members to use cryptocurrency as live games match them player for player. Virtual currencies move in value so quickly. Their volatility has seen a large number of investors make a lot of money from the swings in value, and plenty of people out there that invested during and before 2017 have seen their cryptos increase 500 and sometimes 1,000 percent in value. Despite 2018’s drops in values they still made money. In most cases, people do not seem to want to play lower…
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Weekly Crypto Report (Sep 19 – Sep 26)

News and Updates
Looking at the prices of cryptocurrency over the last few days might have you believe that this is a bad week, but if you look at the last week’s performance from midnight last Wednesday, September 19th to midnight this week Wednesday, September 26th and the news across the board is quite positive. So positive that we have included Ripple’s XRP once again, which we had eliminated from our analysis. We decided to include it again as there is a lot of speculation that this crypto is going to do very well in the near future. It’s certainly worth keeping an out for and if it fails to impress, then we’ll wipe it off our portfolio. Here is the round up for this week starting from Wednesday, September 19th to Wednesday, September…
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Relief For BTC Casino Players As Bitcoin Plugs Up Major Hole

Relief For BTC Casino Players As Bitcoin Plugs Up Major Hole

News and Updates
This week casino players holding Bitcoins will have been happy to hear that the major bug found in Bitcoin Core software used by nodes that mine on the cryptocurrency’s network as well as validate the millions of transaction every day has been patched up. Had this bug remained, the BTC digital currency would likely have been wiped out rendering jackpot winners and player casino balances worthless. Effectively, the scary thing is here is that any casino player out there holding Bitcoin as well as the casinos holding reserves to pay out winnings would have had their entire BTC holdings wiped out. All this could have been possible with very little effort at all. In fact, anyone with basic open code programming knowledge and willing to lose 12.5 BTC could have…
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Weekly Crypto Report (Sep 12 – Sep 18)

News and Updates
Well, here we are once again with a recap of the past week in the cryptocurrency markets. We have to say that things are looking a tad positive for the first time in a while and while the gains experienced are far from significant, we think that most of you will be happy to see them regardless. The most positive news is for that of Ethereum which has posted gains of 15%, something that was certainly needed after suffering for the past couple of months. Bitcoin, on the other hand, has seen a small but welcome gain and the only cryptocurrency stopping a sea of green this week was Neo which posted a 3% loss. The report this time has been tracking the performance of some of the more well-known…
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