..

Bitcoin Rises Above $1000 and Online Gambling Sites Take Notice

Written by:
C Costigan
Published on:
Jan/02/2017

The anonymous digital currency Bitcoin continues to grow in popularity and this is certainly reflected in a strong start to 2017 with trading breaking the $1000 mark Monday for the first time in three years.

On Monday morning, the cryptocurrency was trading at $1021 and seemingly rising.

"We are seeing the aftermath of zero interest rates run amok. So Bitcoin is a healthy reminder that we don't have to hold on to dollars or renminbi, which is subject to capital controls and loss of purchasing power. Rather it's a new asset class," Bobby Lee, chief executive of BTC China, one of the world's largest bitcoin exchanges, told CNBC by phone.

Most, if not all, online gambling sites had added Bitcoin by 2016.

Web gambling companies the likes of AceSportsbook.com have claimed Bitcoin accounts for over a quarter of its overall processing.

- Aaron Goldstein, Gambling911.com

 

Business/Financial News

Many Coins Will Not Recover This Crypto Winter

Many Coins Will Not Recover This Crypto Winter

Whether it's the Doug Polk-promoted CoinFlex or the nearly worthless MiamiCoin, the Crypto Winter will have its casualties.  But there is room for optimism as well, especially as it pertains to blockchain technology. 

Stock Market Worst Since 1970: Latest Odds

Stock Market Worst Since 1970: Latest Odds

The S&P 500 is on track for the worst first half of a year in decades as BetOnline has released its July 31 closing number (30850.5 Points), which is pretty much the June 30 closing.

Bitcoin Set for Worst Quarter in Over a Decade

Bitcoin Set for Worst Quarter in Over a Decade

We also look at ensuring transparency and authenticity on chain, even as it pertains to the world's third most faked food: Honey.  Plus gambling and the blockchain as it pertains to payment solutions.

Crypto Hedge Fund in Default

Crypto Hedge Fund in Default

Plus BitOasis exchange lays off employees amid downturn, Dr. Craig Wright calls Hashgraph useless and more funds betting against Tether.

Things to Consider When Choosing a Reliable Bitcoin-Winning Site

Things to Consider When Choosing a Reliable Bitcoin-Winning Site

Crypto casino industries are known to be very profitable industries, as well as one of the increasingly popular gaming industries. There are various Bitcoin casino sites that result in making it difficult in regard to making a good casino choice.

Syndicate