Crypto Market Valuation Drops More Than 55 Percent Over Past Five Months

Written by:
Guest
Published on:
May/22/2018

A number of big investors say they are not concerned that the cryptocurrency market has lost 55% of its value over the past five months.  It was inevitable, they suggest.

The space as a whole went form a $829 billion valuation to just $372 billion.

From CCN:

More institutional investors, retail traders, financial institutions, banks, stock markets, and governments are involved in the cryptocurrency sector than ever and the market is nearly at a yearly low. While most individual investors and newcomers see a sell-off period in a highly volatile time frame like this, large-scale investors see an accumulation period and an opportunity.

Erik Voorhees, the CEO at ShapeShift, stated:

“I’m all for financial companies getting involved in crypto. Crypto as a monetary unit is transparent and legitimate because it’s market-based, as opposed to what they do now, which is handling fiat, which is not transparent and not market-based.”

It’s interesting to note that the market did not react to the entrance of the New York Stock Exchange (NYSE) and JPMorgan into the cryptocurrency market.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Sports Betting Software Providers for Bookies

Being a Bookie is not only an extremely profitable business but it is also now very easy to do with all the various sports betting software providers that are available that do all the work for the bookie.

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Cryptocurrencies, which today accounts for upwards of 70% of all online gambling transactions in the North American market, lost approximately $6 billion of its value in a single day Thursday.

What is a PPH Sportsbook?

A PPH sportsbook is short for a pay per head sportsbook and that is a company that provides a platform and website for bookies so they can accept bets on daily sporting events

7 Reasons Why You Should Use Bookie Software to Run Your Sportsbook

Today it’s possible to run a world-class sportsbook even if you’re a one-man-show. You can actually rival most online sportsbooks by using bookie software to run every aspect of your operation.

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

PayPerHead247.com has entered the profitable Pay Per Head space with plenty of betting action coming down the pike.

Syndicate