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Bitcoin Gambling News

Written by:
C Costigan
Published on:
Nov/04/2019

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


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(November 4, 2019) - Bitcoin entrepreneur Calvin Ayre has withdrawn from negotiations to acquire the estate of Dave Kleiman based on a legal analysis that concluded the estate holds no significant assets.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

Gambling News

Oddschecker Big Price Change Lag Time Now Under 10 Seconds

Oddschecker Big Price Change Lag Time Now Under 10 Seconds

Leading odds comparison site Oddschecker has gotten its big price change lag time down to under 10 seconds as the site continues working on a project that seeks to change how it processes bookmakers’ odds.

Daily Casino Gambling News - November 20, 2019

Gambling911.com has all your latest casino news, both online and brick and mortar, as it happens for Wednesday November 20, 2019.

AffiliateINSIDER and Allobet Join Forces to Unveil New Affiliate Program

AffiliateINSIDER and Allobet Join Forces to Unveil New Affiliate Program

Allobet.com a Curacao-licensed online sportsbook and casino brand unveils it’s affiliate programme powered by BetConstruct and managed in partnership with AffiliateINSIDER to support the brand’s global expansion.

Where Can I Bet Sports Near Columbus

Where Can I Bet Sports Near Columbus

While retail sportsbooks are not currently open in Ohio, Columbus residents, Students (18 years or older) and visitors alike can access mobile sportsbooks licensed outside the state, some of which only require a valid email to join

Opposition to Sports Betting Bill in Florida Comes Swiftly

Opposition to Sports Betting Bill in Florida Comes Swiftly

John Sowinski, the leader of the Voters in Charge group that pushed the Amendment 3 ballot initiative in the 2018 mid-term election, has come out swinging against sports betting legislation introduced by State Senator Jeff Brandes (R-FL) Sunday.

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