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Bitcoin Gambling News: Bitcoin Shoots Past $7K Mark as Investors Search for Stability

Written by:
C Costigan
Published on:
Apr/03/2020

Below you will find all the latest news pertaining to Bitcoin and the world of online gambling.


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Bitcoin Shoots Past 7K

(April 3, 2020) - The price of Bitcoin has been hovering between $6900 and $7300 Friday with an overall increase of just over 4%.

The overall 24 hour rally has seen a rise around 17%. 

When explaining this price rally, analysts mostly pointed to investors’ desire for safe-haven assets, writes Charles Bovaird of Forbes.

“The newly updated jobless claims report in the U.S. helped fuel a sharp Bitcoin price increase,” said John Iadeluca, founder & CEO of multi-strategy fund Banz Capital.

Americans filed over 6.6 million applications for unemployment insurance during the week ending March 28th.  That number is in addition to the 3.3 million claims filed last week.

“However, additionally, yesterday marked the official start of the second quarter, a common tax incentive for new or added capital in the alternative investments market,” he stated.

“The release of the jobless claims report also came alongside the report of a near 50% increase in citizens receiving benefits, prompting a migration of investment to what could possibly be deemed ‘safe-haven assets’ due to the data suggesting increasing coronavirus economic fears. This can be further supported by the significant rise in gold & commodity futures in the last 48 hours.”

Popular Crypto Wallet Imtoken Adds Bitcoin Cash Support

(January 21, 2020) - Consistently among the top digital assets in the world by market cap, Bitcoin Cash is accepted by most crypto service providers and the list just keeps growing. The latest platform to add BCH support is the popular crypto wallet with over 10 million downloads, Imtoken.

Ben He, CEO of Imtoken, stated: “We are excited to support BCH as we have one common goal, which is to enable mobile payments. Payments in digital assets has seen a fair growth in recent years, and we are excited to offer our users – with BCH – a way for fast and cheaper payments.”

Read More Here

North Korean Hacker Group Lazarus is Using Telegram to Steal Cryptocurrency

(January 10, 2020) - In a statement published Thursday, security researchers from Kaspersky say they have uncovered evidence to suggest the hacking group Lazarus has made significant changes to its attack methodology.

According to Kaspersky, Lazarus is taking “more careful steps” and is employing “improved tactics and procedures” to steal cryptocurrency.

“The Lazarus group is currently one of the most active and prolific APT actors. In 2018, Kaspersky published a report on one of their campaigns, named Operation AppleJeus. Notably, this operation marked the first time Lazarus had targeted macOS users, with the group inventing a fake company in order to deliver their manipulated application and exploit the high level of trust among potential victims. As a result of our ongoing efforts, we identified significant changes to the group’s attack methodology. To attack macOS users, the Lazarus group has developed homemade macOS malware, and added an authentication mechanism to deliver the next stage payload very carefully, as well as loading the next-stage payload without touching the disk. In addition, to attack Windows users, they have elaborated a multi-stage infection procedure, and significantly changed the final payload. We assess that the Lazarus group has been more careful in its attacks following the release of Operation AppleJeus and they have employed a number of methods to avoid being detected.

"During our ongoing tracking of this campaign, we found that one victim was compromised by Windows AppleJeus malware in March 2019. Unfortunately, we couldn’t identify the initial installer, but we established that the infection started from a malicious file named WFCUpdater.exe. At that time, the actor used a fake website: wfcwallet[.]com.

"While tracking this campaign, we identified more heavily deformed macOS malware. At the time, the attacker called their fake website and application JMTTrading. Other researchers and security vendors found it too, and published IoCs with abundant technical details. Malware Hunter Team tweeted about this malicious application, Vitali Kremez published a blog about the Windows version of the malware, and Object-See published details about the macOS malware. We believe these reports are sufficient to understand the technical side. Here, we would like to highlight what’s different about this attack.”

Bitcoin Gambling News: Price of Bitcoin Nears $8K

(January 6, 2020) - Bitcoin was up but it was another cryptocurrency that appeared to be the market mover Monday .
From Forbes:

Ripple's XRP, currently the world's third-biggest cryptocurrency by market value behind bitcoin and ethereum, has suddenly soared—jumping by around 10% and prompting an uptick in most other major cryptocurrencies.

Ripple's XRP led the market higher today, up around 10%, while bitcoin cash added some 5% and ethereum was up 3%
By Monday evening, Bitcoin was nearing the $8000 mark, up nearly 5%.

Nearly 70% of all funding at online gambling sites in restrictive markets is via cryptocurrencies (primarily Bitcoin).

Assassination of Iranian General Qassem Soleimani Good for Bitcoin?

Michael Novogratz, a former partner of Goldman Sachs and the current chief executive of crypto firm Galaxy Digital, recently remarked on Twitter that the “more I analyze this Iranian situation, the more bullish [on] gold and BTC I become.”

He went on to explain his reasoning, writing that due to the general’s death, “Iraq [will] expel US troops. Iran will have to pull in Iraq. Saudis don’t want conflict. Middle East will become less stable, creating volatility in markets.”

From News BTC:

BTC should rise in times of geopolitical and macroeconomic instability due to it being an asset that is decentralized, non-sovereign, and scarce.

DAOBet iGaming Solution Mainnet is Now Live

(January 3, 2019) - (Press Release) - DAOBet (ex DAO.Casino) is a blockchain for the iGaming 3.0 industry, with the mainnet launched by validators on November 27th, 2019. The mainnet was launched by 21 leading block producers with eight more validators on standby. The development will further realise the full scope of DAOGroup’s decentralized iGaming products.

DAOBet Mainnet: Launched by Validators
Built by DAOBet and launched by validators, optimizing the EOS blockchain codebase, the DAOBet mainnet is set to bring about revolutionary changes to the gaming industry. It showcases an optimized blockchain with fast finality and the capacity to process 3,000 transactions per second. The mainnet features advanced governance with 1-second finality and top-rated provably fair random number generation algorithm (Signidice PRNG verification) – certified by GLI. The design of the DAOBet mainnet will enable game developers to utilise the flexible and robust creation opportunities and environments provided by the blockchain.

In view of the mainnet launch, DAOGroup previously announced the preparatory phase for the migration of its native utility token BET from the Ethereum blockchain to the mainnet, which will further maximize the token’s utility within its native environment. A token swap process through DAOWallet was initiated for holders of the BET token, which has now concluded due to the launch of the mainnet.

The BET Token
The native token BET will provide utility for the DAOGroup ecosystem. To obtain BET tokens, users can head over to the simple-to-use DAOWallet and directly transact from inside the wallet in just a few steps. Alternatively, users can buy BET tokens from the HitBTC cryptocurrency exchange. The BET token will also allow its validators to stake on the DAOBet blockchain and be rewarded for doing so.

DAOGroup: Uniting the Masses
DAOGroup unites the following projects, bringing cutting-edge decentralized protocol solutions based on the DAOBet native blockchain, that has been developed since 2016 and was recently launched by validators. The DAOGroup ecosystem consists of DAOPlatform, DAOWallet, and DAOGames. Each of them is catered to carrying out specific tasks, broken down below:

DAOPlatform – A blockchain-based turnkey solution for a crypto casino that uses smart contracts for all financial transactions, providing transparency and safety for players, developers, operators and validators. DAOPlatform ensures that neither operator, player nor affiliate has an unreasonable advantage over the other.

DAOWallet – A safe and secure crypto wallet that helps to manage assets and provides the possibility for players to authorize on DAOPlatform, play games and receive real-time payouts. DAOWallet is the key to the DAOGroup ecosystem and acts as a payment gateway for game developers, operators, validators and affiliates.

DAOGames – A B2B online casino games service reaching the opportunity to complete blockchain iGaming infrastructure introducing a wide online games portfolio with the help of existing popular gambling content providers. This is a full-scale game publisher provided by industry professionals in evaluation, marketing, product development, and localization.
Thanks to high throughput, fast finality, and sponsorship transactions, DAOBet blockchain provides for applications like DAOPlatform, DAOWallet, and DAOGames the user experience level required for the iGaming industry.

Visit the DAOGroup official website for further information: https://dao.group

Ver: "Very Real Possibility Bitcoin Price Does Not Go Up After Halving"

(December 27, 2019) - The man behind Bitcoin Cash, Roger Ver, has speculated that Bitcoin (what he refers to as "Bitcoin Core") could be in for a rough ride in the coming months.

The reason?

HALVING!

This occurence is likely in May 2020.

From LearningEnglish:

It will cut creation of the cryptocurrency by 50 percent.

A cryptocurrency is any form of money that exists online and operates without a central bank. Bitcoin is one of several such currencies.

No one person or group is in control of this halving process. It is a rule written into bitcoin’s computer program by its creator Satoshi Nakamoto more than 10 years ago.

There could also be opportunities to be had.

Bitcoin market players are predicting sharp price increases as well as sharp drops in the value of the cryptocurrency. Such moves have happened in earlier halvings, which take place about every four years. The point of a halving is to keep down the number of bitcoins and control inflation.

There are likely to be winners and losers. So, those who buy and sell bitcoin are trying to predict the future of the cryptocurrency markets.

Bitcoin Wild Ride of Late: Study Finds Most Trading a Hoax

Bitcoin's price has seen some wild spikes over the past month, all the while staying in the range of $8500 to $9500.

Meanwhile, an interesting study surfaced claiming that most trading in the world's leading cryptocurrency is a hoax.

Ninety-five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a study from Bitwise this week.

 

They report an aggregated $6 billion in average daily bitcoin volume of which only $273 million of that is legitimate.

“People looked at cryptocurrency and said this market is a mess; that’s because they were looking at data that was manipulated,” says Matthew Hougan, global head of research at Bitwise.

Bitcoin Exchange Paxful Partners With Crypto Casino

(November 6, 2019) - Peer-to-peer Bitcoin marketplace Paxful this week announced a partnership with crypto gambling platform Bspin.

Bspin Casino has integrated Paxful’s peer-to-peer marketplace through Paxful Kiosk, Paxful’s payments platform.

“We can help add a level of trust and transparency to the crypto betting community,” Ray Youssef, CEO and co-founder of Paxful, said in a statement.

Paxful’s merchants accept over 300 different types of payment, including numerous gift cards.

“Payment options have always been a crucial part of any gaming operation, and being able to offer hundreds of different ways to fund your BTC wallet on Bspin with Paxful's P2P marketplace, it will give global access to our players with a single integration,” said the BSpin team.

Paxful this month announced that it had surpassed three million wallets, 800,000 of which were added this year.

45% of its users reside in Africa.

Ayre Passes on Buying Kleiman Estate: Claims it Has No Assets

(November 4, 2019) - Bitcoin entrepreneur Calvin Ayre has withdrawn from negotiations to acquire the estate of Dave Kleiman based on a legal analysis that concluded the estate holds no significant assets.

Kleiman was a computer forensics expert, an author or co-author of multiple books and a frequent speaker at security related events, who passed away in 2012.

Craig Steven Wright claims Kleiman was involved in the invention of Bitcoin, and that Wright himself was Satoshi Nakamoto, Bitcoin's main inventor.

In 2018, Wright was sued by Ira Kleiman, the brother of late cryptocurrency developer Dave Kleiman, for stealing the estate's Bitcoin riches after his death.  

“I was NOT negotiating a settlement as I am not a party to the case...I was investigating the potential to buy the assets of the estate,” Ayre tweeted shortly after making his decision to withdraw.

Ayre and Wright are big proponents of Bitcoin SV.  Read More Here

Bitcoin Skyrockets to $10,500

(October 26, 2019) - The price of Bitcoin was up 7.4% at 2 pm EST Saturday but this was after shooting all the way up to $10,540 from $8463.  The price had gone as low as $7296 this week.   This represented the biggest single day gain since April.

So why the sudden surge?

From Omkar Godbole of CoinDesk.com:

Experts have associated the latest double-digit surge with Chinese President Xi Jinping’s comments that the world’s second-largest economy should accelerate its adoption of the blockchain technology. After all, China was one of the biggest sources of demand for cryptocurrencies during the 2017 bull run.

"Prominent observers like Anthony Pompliano are of the opinion that the Chinese president’s public support of the blockchain technology will force the U.S. and other major nations to embrace the technology, perhaps boosting bitcoin.

Bitcoin Price Plunges Following Zuckerberg Testimony

The tanking continued a months-long slide that has seen the value of the digital currency slide by more than $2,000 from highs of above $10,000 earlier in the year.

The price of Bitcoin dropped to $7,448.75, down from around $8,000 earlier in the day.

It wasn't immediately understood what caused the drop.  It came at a time when Facebook founder Mark Zuckerberg testified regarding the planned launch of that social media platform's own cryptocurrency Libra.  Ahead of today's hearing, a number of big name firms backed off investing in the project.  After the contentious hearing, Libra's future appeared even more bleak.

With today's hearing, one Congressman went on a rant about Bitcoin.  United States Congressman Brad Sherman dismissed the cryptocurrency as only useful for criminals and called Bitcoin a threat to the U.S. dollar’s dominance over the global financial system.

Bitcoin now represents upwards of 70% all financial transactions with online gambling sites operating in restrictive markets worldwide.

"Lack of Diversity" Concerns Get in Way of Libra Launch

Bitcoin Whale Moves Another 10,000 BTC to Binace

(October 18, 2019) -

A recently discovered “super whale” was first spotted yesterday when Twitter’s @whale_alert detected unusually large transactions heading to OKEx from the wallet, as BeInCrypto has previously reported. Over the past several weeks, this address has initiated dozens of 1,000 BTC transfers to the popular cryptocurrency exchange known as OKEx.

In the past two days alone, the whale has moved a whopping 4,000 BTC worth almost $32 million to the exchange. This comes at a time when Bitcoin has been struggling to stay above $8,000 and has dipped into the high $7,000 territory on numerous occasions.

Bitcoin Bounce

(October 9, 2019) -

US Government Tried to Shut Down Bitcoin

From Forbes: It's been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into "shutting down" bitcoin by her boss at the U.S. attorney’s office in 2012.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

"That was the first time I’d ever heard of bitcoin."

Over the next few years Haun would go on to sit on the board of U.S. bitcoin and cryptocurrency exchange Coinbase and teach a class on cryptocurrency at Stanford Law School.

Any serious attempt made by the U.S. Department of Justice to shut down bitcoin inevitably came to naught, with Haun saying, "it would have been akin to saying ‘let’s go prosecute cash.'"

Read More Here

No Bitcoin is Not the Most Used Cryptocurrencies

(October 2, 2019) -

McAfee Explains ‘Rationale’ For Why He Still Sees $1 Million Bitcoin By 2020

(October 1, 2019) -

Day 1: CoinGeek Seoul Conference 2019 Live Stream

(October 1, 2019) - Join the biggest names in the Bitcoin SV community as Craig Wright (aka Satoshi Nakamoto), Jimmy Nguyen, Steve Shadders and more deliver fascinating insight into the goings-on in the world of BSV.

With first class talks, panel discussions, the Bitcoin Association Hackathon and plenty of other topics to watch this is the only place on the planet to follow this event.

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