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New York City Casino to Feature Crypto Trading Floor

Posted on June 2, 2022June 1, 2022 by Martin S.

A gaming giant and asset management firm headquartered in Las Vegas are mulling the possibility of adding more options to a multibillion-dollar casino that will be coming to the famous Manhattan skyline in New York City. The resort would have a spot for cryptocurrency trading as well as a landing pad for flying vehicles.

UE Resorts International, a partnership of Japan-based gaming technology supplier Universal Entertainment Corporation, and Jason Ader, a former Las Vegas Sands board member, had planned to submit a proposal for the casino to the local betting authority by December 10, 2021, according to an Insider.

The planned trading floor for cryptocurrencies would be the largest of its kind anywhere in the world. It would also contain a venue for events such as New York Fashion Week, the US Open, and Fleet Week. eSports stadiums are also part of the plans.

Trading or Wagering?

Crypto-based casino games were intended to be only one part of a broader entertainment strategy that featured other intriguing elements, according to Ader. The suggestion to establish a trading floor also resonates with the argument over whether trading digital currency is an investment or mere gambling.

“Mirai,” which means “future” in Japanese, was selected as the casino’s name. This lines up quite well with the futuristic plans that the developers have for the property. A $3 billion budget was initially set for the project. However, this might change depending on where all the proposed plans end up. Even the location itself could change.

Can It Work?

If you are simply jumping into the cryptocurrency market without a plan or strategy, you are almost certainly doomed to fail. Cryptocurrency experts fear that many of the alternatives on the market may evaporate within a few years, leaving investors with little to show for their money.

However, if you put in the time and effort, you may be like Bitcoin and watch your investment soar, just like that. Or, even better, you’ll be a pioneer in a wild new future when crypto replaces conventional money within a few years. Because of this, cryptocurrency is gaining in popularity.

This is likely what the New York casino investors are aiming for. The market is still in its nascent stages, especially with regard to mainstream adoption. Early investors and adopters here have a real shot at starting something big. The only question is whether or not they are willing to live with the eventual outcomes.

The Wikimedia Community to Stop Accepting Crypto Donations

Posted on May 2, 2022 by Laura P.

Following a three-month debate in which the environmental effect of bitcoin and other digital currencies was a significant discussion topic, Wikimedia, the non-profit foundation behind Wikipedia, has decided to cease accepting crypto payments and donations.

Accepting donations in digital currencies including popular options like BTC and ETH signals the endorsement of digital coins and a clear push for more mainstream adoption. These also have a reputation for being “inherently predatory” as investments. As such, they do not align with the Wikimedia Foundation’s commitment to environmental sustainability, according to a proposal from contributor Molly White.

Crypto miners have been accused of polluting the environment by utilizing massive quantities of computer power to confirm transactions. Molly White included this in the proposal. The foundation singled out BTC and ETH for their high energy requirements, while also pointing out that there are alternative “greener” cryptocurrencies. However, these are less extensively used even for payments or donations to the foundation.

The decision was reached via a vote. Nearly three-quarters of the fewer than 400 people who voted, leaned in favor of no longer accepting BTC. This is definitely a big deal for the crypto community as proponents have been working hard to increase adoption. However, all hope is not lost it seems. Wikimedia has kept the possibility of restarting crypto acceptance on the table. For now, it will continue to watch the situation.

Can crypto go green?

The energy consumed by computers to issue new digital tokens via a process known as “proof of work” accounts for a large part of crypto’s environmental effect. That is simply because it requires a lot of computing power. According to some estimations, the server farms that compete to produce new Bitcoins consume as much power as a small nation every year.

A greener crypto future most likely implies a more regulated one. Two types of legislative measures for crypto regulation are possible. The first kind would need greater openness on the carbon costs of operating a cryptocurrency mining farm. The second would involve regulators imposing some form of carbon tax. Already, these kinds of rules are being pushed by some notable environmental and economic justice organizations.

Other options such as the adoption of renewable energy at the mining farms have also been fronted. Still, we cannot dismiss the fact that crypto is growing at an incredibly fast pace and government regulatory measures often take time to create and implement. It will very certainly fall to the industry to embrace sustainability with the same zeal that it has innovated.

FoggyStar Casino Receives $5 Million in Investment

Posted on April 2, 2022April 1, 2022 by Martin S.

Launched at the beginning of the year, FoggyStar.com is considered by many to be a very promising crypto-powered gambling venture. The confidence in its success is so high that the company has recently received a $5 million investment from some investors based in Canada and Japan. This will enable the company to continue its casino content development and design its own digital token.

As it stands, FoggyStar’s offering is in the alpha version. However, that has not stopped it from being very innovative when it comes to its portfolio. It boasts of a large selection of crypto-first casino games that many players will find to be very interesting to play. These games were developed by leading casino game developers including Pragmatic Play, NetEnt, and Play’n GO among others. As such, players can expect nothing short of the best quality from them.

Innovating for the Entire Industry

While FoggyStar is certainly the key focus here, the company has some very ambitious plans that will have a ripple effect across the gaming industry. To begin with, it is working on innovating and creating some additional casino features. These features are aimed at ensuring that the components of future products can work as openly as possible. At the core of the products’ operations will be blockchain technology which is already present across many gambling platforms.

Some of the goals that FoggyStar is targeting with these developments are increasing user engagement and related metrics. Moreover, it will also be able to increase the trustworthiness of the online gambling sector.

Speaking on that, the FoggyStar team noted that they are not just creating any product. That is, in addition to keeping up with industry trends, they are going to ensure that users are at the forefront of the improvements.

“The project is focused on the users and the security and transparency of the infrastructure that surrounds them. Our team aims to improve the project using innovative technologies and methods that will lead to a completely new game experience.”

To make the news even more exciting, FoggyStar also has plans for the Metaverse. Its goal in that regard is to become the first online casino to go live in the metaverse. Given all the hype that the concept has been getting of late, a crypto casino would certainly turn some heads.

As the technology continues to get better, so will the products that the players have access to. The widespread use of digital currencies has been of great assistance and this is likely not to change anytime soon.

Bitcoza Debuts World’s First Charity Bitcoin Casino

Posted on March 2, 2022March 1, 2022 by Laura P.

Crypto charities are not an exactly new concept but the idea of a Bitcoin charity had not come up until recently. Bitcoza, a fast-rising operator in the world of crypto has recently launched what it claims is the first charity Bitcoin online casino on the planet.

According to the creators and operators of the platform, Bitcoza is aimed at offering players a fun gaming environment while at the same time giving them a chance to contribute to initiatives aimed at making communities. Better. So, in addition to being a profitable entertainment spot, the platform has an interest in assisting in the protection of endangered species.

This will be achieved by the company donating up to a whopping 50 percent of its revenue to charitable campaigns. As mentioned, the key focus of the charity efforts is endangered species so we expect to see a bias in that regard.

One of the current initiatives that the company is currently pursuing with its top-level VIP program involves saving the endangered Pinta Island Tortoise. The Pinta Island Tortoise which is currently at the Galapagos National Park and Conservancy is the only of its kind left in the world. In addition to that, Bitcoza has also been offering support to the World Wide Fund For Nature and the International Fund for Animal Welfare.

More About Bitcoza

Since its launch in the Spring of 2021, Bitcoza has built up quite a reputation. To begin with, it is a licensed and regulated gaming site. It has a license from the jurisdiction of Curacao. Players are therefore assured of fairness and safety. The operator also plans to take this a notch higher by rolling out a set of responsible gambling tools. These are going to come in handy for tracking spending and playing responsibly.

While its charity initiatives specifically reference Bitcoin, the iGaming site accepts several other digital currencies as payment methods. These include Bitcoin Cash, Ethereum, Dogecoin, Litecoin, Dai, and USD Coin. Increasingly popular crypto tokens are also eventually bound to find their way onto the platform.

When it comes to the games, Bitcoza has a pretty solid selection of titles too. Among its popular titles are blackjack, poker, baccarat, lotteries, slots, and roulette. One of the most notable things about the platform is the fact that its bonus schemes could net players up to a whopping $22,000 in bonuses. To make it even better, these bonuses are not accompanied by any wagering requirements should players choose to withdraw them.

Solana Pay Ventures into the Crypto Payments Space

Posted on February 2, 2022February 2, 2022 by Martin S.

While crypto has certainly revolutionized online payment in many respects, the sector still has more room to grow and advance further. There have been lots of different initiatives and developments dedicated to solving some of the things that have plagued crypto payments. Stablecoins and Bitcoin’s Lightning Network, for instance, were all dedicated to bringing some much-needed improvements to the sector.

Now, Solana Labs is hoping to make its play for the crypto payments sector with a solution it believes will be a gamechanger. The company has co-developed software that it will use to help merchants accept payments via the Solana network.

While still relatively new, the Solana network has been steadily growing in popularity. Today, it is the blockchain network that is the Ethereum network’s biggest competitor. That is because it offers a solid range of products and services. The most notable ones are the cheaper, faster, and more scalable transaction processing capabilities that the network boasts of.

Its new product is aimed at facilitating merchant payments and commerce rails. Both are very lucrative and thus a provider that offers the most value in terms of costs and instant payment settlements can tap into this unique growth opportunity.

No Middleman

Perhaps the most interesting thing about Solana’s new venture is that it lives up to the promise of crypto. Using QR codes, users will be able to make direct peer-to-peer (P2P) payments. All they need to have is a valid cryptocurrency wallet.

According to Solana Labs Head of Payments Sheraz Shere, the new product has the potential of paving the way for the future of mainstream crypto use. The fact that there is no need for a middle man taxing every transaction makes it very appealing to both merchants and consumers.

“Now that we have a blockchain that has the throughput, speed and scalability and low fees of traditional payment networks – 50,000 transactions per second and sub-second transfer times, we can potentially build a merchant payment system that’s truly on the blockchain, and most importantly, that’s peer-to-peer and decentralized and permissionless.”
Sheraz Shere, Solana Labs’ Head of Payments.

For those who may be concerned about volatility, the new product is particularly focused on USDC. According to the company, USDC transfers are the best way to go as they are not only simple to execute but also unlikely to add any stress to the network.

Some Expert Predictions for Crypto and iGaming in 2022

Posted on January 2, 2022December 30, 2021 by Laura P.

The new year is finally here and, as always, everyone is already looking into what might eventually come of it. For various industries, the beginning of a new year is often both a time of reflection and a time to ramp up preparations for what’s to come. This applies to the gambling and crypto industries as well.

These two sectors have enjoyed a surge in popularity over the past couple of years and 2022 is seemingly set to be yet another great year for them. There were, of course, some ups and downs. Still, from what we have already seen, it is possible to estimate the trajectory of these sectors. Some of the things that we should watch out for include:

More Mainstream Push for Crypto

For a long time, the gambling industry carried nearly all the weight as far as mainstream crypto use is concerned. 2021 changed that significantly thanks to the impressive rise in institutional interest. Lots of mainstream organizations including investment firms and financial institutions got in on the world of crypto.

There is a lot of optimism about 2022 and how it could be an even better year for crypto. Institutional support is one of the biggest pieces of the puzzle when it comes to bringing crypto use to the mainstream. More adoption of digital tokens and currencies will likely be a defining aspect of the year.

The Rise and Rise of Non-Fungible Tokens

Non-fungible tokens (NFTs) were one of the most divisive topics in 2021. While some people saw it as a fad, there were lots of people who saw its potential. The idea is still quite new to many people even those in the crypto community. This raises a few eyebrows with regards to its future.

Well, many experts are optimistic that NFTs are here to stay. The innovative technology has proven to be quite popular among crypto enthusiasts and creators alike. The latter have been able to find new ways of making money from their work. A few issues such as concerns about power consumption will need to be ironed out though.

Enter the Metaverse

With huge companies such as Meta (formerly Facebook) and Microsoft making a play for the Metaverse, the technology was a huge part of conversations in 2021. In 2022, those conversations continue and we expect even more announcements about potential additions to the metaverse.

Knowing how dynamic the iGaming sector is, it will not be long before we hear about more operators leveraging the power of the Metaverse. Crypto and the blockchain will, without a doubt, be a huge part of that shift.

Crypto Gambling Wins iGaming Market in Third Quarter of 2021

Posted on December 2, 2021December 2, 2021 by Martin S.

As crypto gambling continues to rise in popularity, we are also seeing a lot more activity in the crypto gambling space. Digital currencies and tokens such as Bitcoin have been evolving rapidly with gambling being one of the most significant areas of growth. Online gambling is currently the most lucrative space for many operators. Innovative use of technologies such as crypto and blockchain has been very vital for this growth.

Following a market study that lasted over several months, last Tuesday renowned crypto-first iGaming operator BGaming released a report detailing gambling market trends in Q3 of 2021. According to this report, crypto gambling showed the most significant growth of all existing gambling trends.

There was a massive surge in the popularity of digital currency use across several different sectors. It is now closer to mainstream adoption than ever. As such, its increasing popularity has made it a great way for many online casino operations to differential themselves. While Bitcoin still leads the pack, other digital tokens including custom ones from gambling operators have been doing very well.

“Being the world’s first iGaming provider to offer cryptocurrencies, we draw particular attention to crypto gambling. BGaming widens its network of crypto projects and we see the results. The number of explosive winnings on crypto projects has significantly risen over the past few months.”
Bogdan Gres, Brand Team Lead at BGaming.

For crypto-focused gambling companies such as BGaming, this is an indication that their efforts are paying off. It will therefore not be surprising to see even more entries into the crypto gambling space by both new companies and existing operators.

More Insights

The BGaming report also included other valuable insights into the current state of the iGaming sector and what we can expect for the future. To begin with, it found that mobile gaming is still a force to reckon with. Almost 95 percent of the operator’s gamers played from their mobile devices. If that is anything to go by, the mobile gambling vertical should only get better in the future.

Another important aspect of online gaming that BGaming’s report listed was the growing young adult audience. This tech-savvy and highly dynamic market grew by more than 6 percent in 2021. Finding new and exciting entertainment options is important to this audience. BGaming has thus been able to attract many of them thanks to its innovative crypto-powered offerings. To stay at the top, the company must cater to the demands of this audience.

Cloudbet Unveils First-Ever Crypto Horse Racing Book

Posted on November 2, 2021November 1, 2021 by Laura P.

Since its launch, Cloudbet has grown to become one of the most trusted crypto-powered sportsbooks and casinos in existence. It has also built a reputation for being a very innovation-focused operator. The company has recently shaken up the world of betting with yet another first-of-its-kind offering. Users of the platform will now be able to use digital currencies to bet on horse races.

This move came just in time for the 2021 Melbourne Cup on Tuesday. Cloudbet customers will now bet on the horse races using over a dozen digital currencies including bitcoin. As expected, they will get to reap all the benefits of the crypto ecosystem. These include such things as better margins, much lower transaction costs as well as significantly faster withdrawals.

All that will not only apply to the Melbourne Cup which is Australia’s top event but also other huge races on the international calendar. Aligning with Cloudbet’s ambitious expansion plans, the new developments will certainly mean a lot for the growth of crypto. The gambling casino has been leading the way towards more mainstream adoption. With events as big as the horse racing competitions in Australia and other parts of the world, this might not be too hard to achieve.

Supercharging the Crypto Betting Experience

Horse race betting is just one of the few new additions that Cloudbet has been working on over the past several months. The company has also been spreading its footprint to other verticals ranging from political betting, esports betting, and social bet sharing. It currently boasts of up to 17 full native sportsbooks offering services in 17 languages to players from all around the globe.

To support all these amazing ventures, Cloudbet has also been inking deals with companies that will help it to boost its ability to polish the experience even further. One of the most notable ones from the past few months is a partnership agreement it inked with Dash. This gave the platform the ability to use Dash Digital Cash on its platform. Cloudbet has also been able to tap into the impressive features that the Dash blockchain has to offer.

“We are excited to work with Cloudbet, one of the most reputable names in the iGaming space. With Cloudbet’s many offerings, Dash payments make sense whether you are looking to place a last-minute bet or rapidly withdraw your winnings. You won’t find a more secure and rapid form of payment.”
Omar Hamwi, Business Development Lead at Dash.

Already, the partnership is paying off. If that is anything to go by, horse racing fans have a lot to look forward to.

DefiXBet Launches World’s First DeFi Casino Platform

Posted on October 2, 2021September 30, 2021 by Martin S.

The future of P2P gaming platforms is looking very bright thanks to all the amazing innovations that are coming to the space. One of the most recent developments in this regard is from DefiXBet which has announced its very first decentralized casino that has integrated Decentralized Finance (DeFi) features. In addition to being an amazing offering with P2P functionality, the site claims to deliver the cleanest, transparent, secure and anonymous betting experiences in the industry.

Many crypto gamblers will be aware of centralized casinos and all the challenges that they are associated with. Many gaming operators have been trying to solve this problem. Some of the solutions including DefiXBet’s are very impressive. Instead of relying on gaming scripts that are easy to manipulate, the platform uses smart contracts. This contributes to the transparency and trustworthiness that the platform boasts of.

To further affirm its commitment to trustworthiness, the platform also supports decentralized betting. Through its “Custom Decentralized Bet” or CDB, the leaders of the site will have access to real-world and real-time data like API. This goes a long way in increasing user trust on the platform.

Opportunities For Players to Share Profit

Now, gambling can be fun but as always, winning is not guaranteed regardless of the game that you are playing. This is not really a problem as it is the very nature of all games of chance. However, DeFiXBet seems to found a way of letting the customers share a piece of the casino’s profit even if they lose at the gaming tables.

One of the features that make DefiXBet so attractive is its utilization of the DeFiProtocol to share casino profits with holders of its DXB token. That profit is distributed in such a manner that 40 percent goes to the stakeholders of the DeFi platform while another 40 percent goes to the DeFi platform itself. The remaining 20 percent is then channeled towards token buy-back and half of this will get burned.

“The DXB token value is designed to grow rapidly by scaling the platform while token holders can gain passive income by staking DXB or by creating their own casino games as a 3rd party developer,” one of DXB’s developers elaborates.

The inclusion of 3rd party games is a particularly exciting concept. This will not only mean more games for users but also presents an opportunity for more revenue generation from the additional profits gotten from the third parties.

BC.GAME Receives License from Curacao

Posted on September 2, 2021September 1, 2021 by Laura P.

Fast-rising crypto-first gaming operator BC.GAME has recently checked off a huge milestone in its quest for expansion. The operator now has a gambling license and is now one of the very few officially regulated crypto-powered iGaming platforms. This license is from the jurisdiction of Curacao.

Anyone who has been paying even slight attention to the gambling sector will be familiar with Curacao. Officially referred to as the Curacao Interactive Licensing N.V. (CIL), it is one of the leading and most popular casino gambling licenses. Lots of operators often apply to be licensed and regulated by the body. Players trust its license thanks to the great reputation it has as a third-party regulatory body. It is best known for having a trustworthy, responsible, and stringent but fair licensing protocol.

Since BC.GAME now has a license from Curacao, it is safe to say that the company has proven that it adheres to all the rules and complies with all of Curacao’s applicable gambling regulations. This put the gambling operator in a unique position. First, the license further strengthens its beliefs and mission to provide outstanding security features. It also further affirms the company’s plans to deliver an optimal and provably fair gambling experience to the users.

“We have achieved a huge milestone by getting our gaming license and we are very optimistic about the future. Our new status as a regulated online casino allows us to offer 1000s of third-party games from the world’s top online casino slots and game providers. The gaming license means that we can also run a sportsbook and host live dealer games as well. We couldn’t be more excited.”
Chris Butler, the BC.GAME COO.

The license has been published on the Interplanetary File System (IPFS).

Huge Leap Forward for Crypto Gambling

While there has been massive growth in the crypto and gambling spaces, iGaming platforms that solely rely on digital currencies have found lots of difficulties when it comes to getting licenses. That said, BC.GAME’s achievement in this regard creates represents a lot of new enthusiasm for the future of the sector.

BC.GAME currently supports over 50 cryptocurrencies. Most of the other operators do not support that many digital currencies for either deposits or withdrawals. We should probably see more influx in terms of online casinos that get licenses from regulators across the globe. Moreover, this is an indication that more and more people are now warming up digital currencies.

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