Tag: online casino

crypto-wallet

How Crypto Wallets Are Holding Back Web3 Gaming in Casinos

Posted on by Laura P.

The rise of Web3 gaming has generated buzz across the gaming and blockchain sectors, offering players the chance to earn real money, own in-game assets, and participate in decentralized economies. However, one significant hurdle remains: crypto wallets are proving too complicated for many gamers, keeping them from fully embracing Web3 games.

The Barrier

According to a recent report titled “The Future of Web3 Gaming is Competitive: Global Gaming Report 2024,” published by Web3 gaming protocol Elympics in collaboration with the Blockchain Game Alliance (BGA) and PlayToEarn, over 10% of gamers cited crypto wallets as the main reason they haven’t explored blockchain-based games. This presents a challenge not just for the Web3 gaming industry, but also for online casinos looking to venture into this space.

Even more telling, 7.3% of participants said they don’t fully understand the value of Web3 gaming, while 9.1% admitted that blockchain games simply don’t appeal to them. A smaller portion, about 2.4%, said they’re satisfied with traditional Web2 gaming and see no reason to make the switch.

For online casinos, this insight highlights the importance of simplifying wallet interactions. A smoother, more intuitive wallet experience could be the key to attracting players, helping them seamlessly transition from traditional gaming to decentralized gambling options like tokenized poker rooms or NFT-based slot machines.

Why Gamers Are Drawn to Web3

The report also explores why gamers are flocking to Web3 games. Many cited airdrops and the potential to earn money as major incentives, emphasizing the financial appeal of play-to-earn models. Another big draw was the opportunity to compete with other players, showing that competitive gaming remains a significant factor.

For the casino industry, this presents an opportunity to merge traditional gambling with the innovations of Web3. Imagine poker tournaments or slot machine leaderboards where winners take home cash and earn crypto rewards or valuable NFTs. The appeal of playing for real-world, blockchain-based assets could unlock a whole new dimension of casino gaming.

Making Wallets User-Friendly and Lowering the Barrier for Gamers

While crypto wallets may be a necessary part of Web3 gaming, solutions are already in the works to make them less of an obstacle. For instance, The Open Network (TON) is working to simplify crypto interactions. TON Foundation’s Director of Investments, Justin Hyun, explained that Telegram’s Mini Apps will soon allow users to engage with crypto wallets effortlessly—so much so that players may not even realize they’re using one.

This kind of innovation could be a game-changer for the Web3 casino space. By removing the friction of wallet management, more players could explore and engage in decentralized gaming, including casino games that incorporate blockchain technology. Projects like Hamster Kombat have already attracted over 300 million users through seamless integration with Telegram, offering a roadmap for how casinos might follow suit.

The Future of Web3 Gaming in the Casino Industry

As more high-quality Web3 games hit the market, the casino industry will need to adapt to stay competitive. Elympics CEO Michal Dabrowski believes that infrastructure players like TON are helping create the networks and communities that will drive the next wave of Web3 gaming.

For online casinos, the takeaway is clear: embracing Web3 is a must for staying relevant in an ever-evolving industry. By addressing the challenges of crypto wallet complexity and offering competitive, rewards-driven gaming experiences, casinos can position themselves to thrive in the Web3 era.

BitStarz Casino Players Embrace Mpeppe as an Opportunity for Crypto Wins

Posted on by Laura P.

As the worlds of online casinos and cryptocurrency continue to converge, BitStarz Casino players are increasingly drawn to Mpeppe (MPEPE), a memecoin that’s quickly becoming a hot topic among savvy gamers and investors alike.

Memecoins and alternative cryptocurrencies seem to crop up daily, but there’s usually more going on than what first seems. Mpeppe seems to be gaining more and more attention; why is that?

A Quick Background

BitStarz Casino, which has been around since 2014, has a great reputation among crypto fans because of its many games, easy-to-navigate UI, and compatibility with both digital and conventional currencies. It has been a mainstay in the online casino industry for a long time owing to its extensive selection of over 3,500 games, attractive bonuses, and quick payments. But even the most devoted members are always searching for something better, and Mpeppe (MPEPE) is quickly becoming that stronger.

Designed with the gaming and gambling industries in mind, Mpeppe (MPEPE) is more than just another fad memecoin; it’s an initiative that marries the powerful potential of blockchain technology with the contagious allure of internet culture. For BitStarz players looking to diversify their crypto portfolios and keep up with the ever-changing memecoin market, Mpeppe is a great option due to its cheap entry fee and promise of substantial rewards.

The potential profits are not the only thing that makes Mpeppe (MPEPE) appealing. Its practical integration with blockchain-based gaming platforms makes it an ideal fit for the site’s users, who value the benefits of using crypto while playing games. The attractiveness of the memecoin goes up thanks to its quickly expanding community, which attracts players who appreciate both satisfaction and the possibility of substantial payouts.

That said, MPEPE is poised to become a major participant in the memecoin market as its value and usability increase due to the increasing number of BitStarz users using it.

Navigating the Risks

Despite the obvious appeal of memecoins like MPEPE to those in the online casino community, it is important to proceed with care when investing in these projects. Volatility, rather than underlying value, is what drives the price of memecoins, which are influenced by internet culture, speculative excitement, and social media trends. A coin’s value could surge one day and crash the next due to these kinds of fast price swings.

Being well-informed and careful is key in the ever-changing crypto realm. The profits from investing in memecoins are tempting, but the hazards are as substantial, which makes it important to give this market your complete attention before making any moves.

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MyPrize Unveils Groundbreaking Multiplayer Online Casino with Crypto Integration

Posted on by Laura P.

Alongside its US counterpart, MyPrize, the pioneering multiplayer online casino, has officially debuted in several international markets. MyPrize offers a novel twist on the online casino experience by fusing the excitement and big stakes of online gaming with the interpersonal communication and communal aspects of social media and live broadcasting.

The innovative Bet Together feature on MyPrize lets users communicate with one another while streaming their games, opening a direct line of communication between producers and their followers. Thanks to this feature, online gambling is transformed into a social experience that is both dynamic and engaging.

Anticipating the platform launch with great anticipation, more than 150,000 people had previously signed up for MyPrize and MyPrize US during the early access period. Streamers and gamers alike can now come together to enjoy plenty of fan-favorite casino games, such as blackjack, slots, roulette, Plinko, scratch cards, crash, mines, and more.

A Haven for Creators

Creators may monetize their material and reach new audiences with the help of the tools available on the platform. One cool thing about this platform is that it lets creators set up special areas where their fans can come to watch live streams and play games with them. The new multiplayer game style lets fans join in and support their favorite creators.

With no limits on how much money producers can make on MyPrize, they may maximize profits off of user acquisition and engagement. There is zero dependence on ad revenues, so creators can focus on growing and supporting their community.

“MyPrize is a platform that leans into the strengths of online communities – these massive communities that have managed to forge deep interpersonal connections within message boards and chat rooms.  I can’t wait to see what these creators can accomplish with tools built specifically for them that let them interact with their fans on a new, deeper level.”

MyPrize founder and CEO Zach Bruch

TSteezy, Solace, Atomic, AsianAndy, WesBTW, and KingWoolz are just a few of the well-known creators on MyPrize’s roster at launch. Partnerships with creators from 100 Thieves, a leading lifestyle brand, are also included.

A Solid Payment System

US users of MyPrize can join sweepstakes for the potential to win actual prizes, including cryptocurrency, while users of MyPrize may withdraw their in-game USD to cryptocurrency. Moreover, to increase the crypto space’s mainstream awareness and recruit a broad user base, MyPrize plans to host large-scale activations and form collaborations with streamers, celebrities, and big companies to encourage new users to join the Web3 ecosystem.

scorpion-casino

Scorpion Casino’s Rise to the Ranks of Leading iGaming Platforms

Posted on by Laura P.

This month, Scorpion Casino broke new ground in the fiercely competitive world of cryptocurrency casinos with its unprecedented $10 million presale, which shook up the industry and established new standards for innovation, player engagement, and reliability. The likes of Lucky Block and Wild.io are making serious efforts to catch which could be a win for customers.

The Winning Formula for the Operator

A renowned destination for crypto gamblers globally, Scorpion Casino has further expanded its position in the online gambling market with a strategic agreement with LBank, a major cryptocurrency exchange.

Scorpion Casino has worked hard to ensure that its customers have a safe and entertaining gaming experience by being open and honest about its operations and by forming strategic partnerships with leading iGaming developers. Additionally, the casino guarantees a varied and high-quality gaming library with the newest and most popular games in the business by working with the best suppliers.

All the Benefits of Crypto

The anonymity and ease of use of crypto casinos are two of its biggest draws. By creating the most comprehensive community reward system, Scorpion Casino distinguishes itself from other casinos by giving back to its community to a greater extent. Scorpion Casino has the potential to become one of the market leaders thanks to its innovative community incentive program. With daily staking rewards based on the casino’s performance, the $SCORP token, and the burn and buy-back mechanism, they could attract thousands of players every day.

With a certified, open, and digital platform that is provably fair, the $SCORP token is the platform’s one-stop shop for all things gambling-related. It has a variety of functionalities and benefits. These include:

  • Payment method for Scorpion Casino
  • Passive income for holding $SCORP
  • Weekly Bonus and Free Games
  • Affiliate Reward System

Cryptocurrency and blockchain technologies are the backbone of Scorpion Casino and its massive online gaming network. The platform’s token reward system allows players from all over the globe to enjoy quick and hassle-free gaming. A license from the Curacao EGaming Authority further attests to the platform’s legitimacy and openness. Being a Web3 project, it has also been audited by Solidproof for security.Since both the smart contract and the audit of the smart contract are publicly available, everyone may check the legitimacy of the platform and its activities. The project’s transparency reduces the possibility of fraud and deceptive practices.

softswiss-betsio

Bets.io Expands Portfolio with SOFTSWISS Sportsbook Integration

Posted on by Laura P.

In an exciting development, the SOFTSWISS Sportsbook has expanded its network of clients through a strategic partnership with Bets.io, a prominent crypto casino. The purpose of this partnership is to improve the Bets.io user experience by providing a new, exciting product, and to increase the variety of services offered by this modern online casino.

Bets.io is widely hailed as a casino built by crypto fans, for crypto fans, and it offers a huge selection of games and operates with a Curaçao license. To attract users who prefer digital currencies to fiat money, it offers wagering in a broad variety of them, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin, US Dollars Tether, TRON, XRP, ADA, BNB, DAI, and TRX.

With the seamless integration of SOFTSWISS’ sports betting platform, Bets.io’s players can now enjoy a comprehensive selection of over 200 sports, including esports. The betting odds are sourced from respected providers like Betradar and Oddin.gg, ensuring a top-tier betting experience. Furthermore, players will gain access to a range of enticing bonuses, such as Freebet and Comboboost.

The SOFTSWISS Sportsbook is an integral element of the overall product suite, providing players with access to a variety of incentives that are “unique to the iGaming industry” and the option to run jackpot campaigns on sporting events.

The Terms

Throughout this partnership, Bets.io will receive invaluable support and technical assistance from SOFTSWISS. This support extends to tailoring the platform to meet specific customization requirements and incorporating new functionalities as per the client’s needs. Moreover, Bets.io will benefit from a suite of player management tools, including betting statistics, flexible odds, event settings, and top-notch customer support.

“Using our sports betting platform, Bets.io will strengthen their business through enhanced engagement and a broader market reach, while players will have access to a wide range of sports, events, leagues, and tournaments.” Alexander Kamenetskyi, Head of SOFTSWISS Sportsbook

The team at Bets.io has also expressed their enthusiasm, noting that they are looking forward to learning more about the features of the Sportsbook Platform so that they may provide their customers with something unique. The process of collaborating with SOFTSWISS was smooth, and they anticipate excellent outcomes. Their new partner has been quite helpful throughout the whole process of integrating their systems.

stake

Ethereum and BNB Theft at Stake.com Crypto Casino Sends More Shockwaves Through the Industry

Posted on by Laura P.

Stake.com, a popular crypto casino, was hit by a massive heist involving Ethereum (ETH) and Binance Coin (BNB), which amounted to tens of millions of dollars, in a shocking turn of events.

Stake’s Ethereum and Binance Smart Chain (BSC) hot wallets were compromised, but the business assures customers their money is safe. Bitcoin, Litecoin, XRP, EOS, and Tron wallets, among others, are safe for the time being.

An Analysis

On-chain transaction analysis reveals a startling $16 million in stolen Ethereum (ETH), USDC, USDT, and DAI from an Ethereum wallet. Apparently, to avoid any blocking by Tether or Circle, these stablecoin holdings were changed to ETH. In this fraud, almost 6,000 ETH were stolen.

In addition, tokens worth $17.8 million were illegally gained from the BSC chain, and another $7.8 million came from the Polygon wallet. Both of these amounts are referred to as the total amount stolen. Collectively, attackers got off with somewhere about $40 million.

Speculation that Stake.com’s platform has been systematically infiltrated has been fueled by comments from MetaMask’s Product Manager, Taylor Monahan, who noted that the transactions were precisely organized.

This lends credence to the hypothesis that the theft was carried out straight from the internal systems of the platform, most likely via the unauthorized acquisition of private keys. Important to remember is that they were “hot wallets,” meaning they lacked the extra protection of offline keys. Still, it has not been possible to determine who was responsible for this daring heist yet.

What This Means for Stake.com

Stake.com, established in Curacao, promotes itself as the premier crypto casino by offering an online gaming platform for cryptocurrency betting. Since its 2017 debut, Stake.com has enabled users to gamble on sports and online games using cryptocurrencies such as BTC, ETH, and DOGE. Bets in fiat currencies, like as the US dollar, are also accepted on the site. The company has had legal problems before, but nothing like what happened yesterday.

It is part of the growing industry of cryptocurrency casinos, which has seen success in part because of its customers’ need for privacy. Because they do not need users to reveal their identities via the Know Your Customer (KYC) process and accept cryptocurrencies for deposits and withdrawals, these sites have opened anonymous worldwide betting.

Despite the serious breach in security, Stake.com has continued to operate normally. The corporation has assured customers that their money is safe and is once again processing withdrawal requests. It seems likely at this point that the stolen goods belonged to the business, rather than specific consumers.

On the other hand, withdrawals have been enabled again, suggesting that Stake.com is confident in its capacity to make up the lost funds. Without these guarantees, customers are hesitant to make withdrawals for fear of going bankrupt. Thankfully, it does not seem that this is an issue with Stake.com.

kick-streaming

Twitch’s Gambling Ban Sparks Competitions As Kick Rises to the Challenge

Posted on by Laura P.

In September 2022, Twitch, Amazon’s live-streaming platform, made headlines with its decision to ban gambling content.

This action was taken in response to calls from prominent streamers to address the problem of potentially dangerous gambling streaming, which might have a negative impact on viewers under the age of 18. On October 18, 2022, Twitch officially began blocking broadcasts involving illegal gambling games, which would have affected sites like Stake.com, Rollbit.com, Duelbit.com, and Roobet.com.

Although the decision was supported by some, the ban was met with strong opposition from others who saw the platform’s attractiveness in large part due to its gambling content. However, as a result of the prohibition, Kick had the chance to enter the market and become a formidable competitor.

To differentiate itself from rivals, the service made the calculated decision to allow material linked to gambling and was backed by a cryptocurrency casino. The addition of cryptocurrency and these gambling components to the Kick platform has the potential to completely change the streaming experience, turning it from a passive to an interactive one

A Show of Might or An Industry Norm?

Several popular broadcasters have moved from Twitch to Kick, among them Felix ‘xQc’ Lengyel and Drake. And, together with Stake.com, the site provided a way for users to gamble on cryptocurrencies while watching popular broadcasts.

This rapid ascent of Kick exemplified the ever-changing nature of the streaming market and posed a threat to the dominance of Twitch. But this analysis runs even deeper.

Long-term, the effects of Twitch’s gambling restriction and the rise of competitors like Kick might cause significant shifts in the streaming market. The restriction intended to make Twitch a more welcoming place for all users, but it might have the unintended consequence of driving users looking for gambling content to competitors like Kick, which would hurt Twitch’s income and user base. Kick’s success showed there was a market for gambling-related material, but the site could only attract a niche audience.

Where Do We Go From Here?

The emergence of services supported by cryptocurrencies like cryptocurrencies and live-streamed casino games brings a new element to streaming. Although there are benefits and drawbacks to this novel method, it has the potential to completely change the way we see streaming media. As the environment changes, platforms, streamers, and viewers alike will need to adjust to make their way through new and interesting seas.

roobet

Snoop Dogg Partners with Roobet and Becomes Chief Ganjaroo

Posted on by Laura P.

Snoop Dogg, music artist and entrepreneur, has been named Chief Ganjaroo at Roobet and is working with the startup and its parent company, Raw Entertainment, to change the face of online entertainment forever. Together, Snoop’s unprecedented worldwide reach and deep industry knowledge, and Roobet’s cutting-edge technology and enthusiasm for the crypto frontier will provide a gaming experience unlike any other.

The online entertainment business is set for a major shakeup as a result of this revolutionary partnership. The partnership is Snoop’s newest foray into the web3 area, although he is already a well-known metaverse enthusiast and avid collector of digital real estate.

“These guys are doing something different. This partnership just feels natural, and we’re going to blaze a trail for the future of online entertainment. I been sayin’ Roooooo for a long time now – they bring the ultimate player experience, we share the love of doing new things, and we care about our fans – so together we’re gonna change the game and do it better than it’s ever been done,” Snoop Dogg expressed his excitement about the partnership.

Co-founder of Roobet Matt Duea agreed with Snoop, adding that the company’s goal from the start was to expand the possibilities of what a gaming brand might be and that Snoop is a true visionary. Together, they are ready to bring about a genuine change in the way that entertainment is experienced online.

Everything that matters to them is making sure their community has access to the best online casino experience possible. The company’s prospects for the future of digital entertainment are looking better than ever now that Snoop is on board.

Lots of Goodies

Roobet and Snoop are preparing several exciting community-wide events to mark the beginning of their collaboration. They’re holding a raffle for $100,000 in cash and prizes including meet-and-greets with Snoop Dogg, backstage access to one of his concerts, special deals for new users, and more. Those who meet the requirements may sign up by going to roobet.com or the soon-to-be-launched roobet.fun website.

With over 3,300+ games from world-class iGaming studios and a fully-featured Sportsbook, Roobet provides a next-generation entertainment experience on an innovative and secure platform accessible to eligible gamers worldwide. What started as a niche casino for crypto enthusiasts has hit the mainstream, with over 3 billion wagers abroad. With over 300M views on TikTok, Roobet is a casino “for the internet, by the internet.” More details on the platform will be made available in the coming weeks.

softswiss

SOFTSWISS Casino Platform Debuts In-Game Currency Conversion

Posted on by Laura P.

In-game currency conversion, a much-requested function of the popular SOFTSWISS Casino, has finally been made available to users. Players may now change their cryptocurrency holdings into up to 9 different fiat currencies using the Casino Platform, an online casino management system.

A cryptocurrency-focused addition to video games, In-Game Currency Conversion made its official debut in the spring of 2022. The project’s goal was to provide customers with additional options for growth and to provide participants with greater leeway in how they played.

Both players and operators benefit from this integration since players may now wager on games that do not traditionally accept cryptocurrency and operators have access to SOFTSWISS’ whole library of games.

There was previously just one preset currency that crypto could be exchanged for before the upgrade. Extra fiat currencies (USD, EUR, AUD, RUB, CAD, NZD, NOK, JPY, and BRL) are now accessible for conversion in-game thanks to SOFTSWISS’s special features.

According to Darya Avtukhovich, Head of the SOFTSWISS Casino Platform, users previously could only exchange cryptocurrency for US dollars. The type of currency that could be spent restricted the games that could be played. The problem is that different games elicit different feelings and reactions from players.

That is why they included support for many currencies this time around. A wider range of games is now accessible to players who can convert their cryptocurrency assets into more traditional currencies.

Huge Step Forward

SOFTSWISS has taken a major step toward its big aspirations with the release of its new currency conversion tool.

As a result of the players and the diversity of operators fighting with one another to obtain their goods on this platform, the firm is creating solutions that are in accordance with market needs.

The corporation has thrived thanks to its ability to continually adjust to shifting consumer preferences. At the next SiGMA Europe expo in Valletta, Malta (November 14-18), it will showcase its cutting-edge technologies including the Casino Platform and its capabilities. Developers, operators, players, and the general public involved in iGaming will get the opportunity to learn about the company’s most recent innovations at this event.

These enhancements are all part of SOFTSWISS’ long-term plan to deepen its presence in existing markets while entering new ones and bolstering the breadth and depth of its product offering.

 

Cryptogames-Casino-logo

CryptoGames Races to Take on Fast-Paced Crypto Gambling Space

Posted on by Laura P.

The crypto betting business is booming, but there’s always an opportunity for new entrants to increase competition and usher in new ideas. CryptoGames is gaining popularity as a trusted place to gamble online using crypto. Featuring state-of-the-art safety protocols and entertainment options, the casino caters to customers from all over the globe. It also offers the newest and greatest cryptographic implementations of traditional casino games, a delight for cryptocurrency consumers.

A major selling point is that gamers from all around the globe may enjoy the Curacao casino without leaving their homes. That means that players may use any modern mobile device to have free and unlimited access to the casino.  The site also consistently promotes safe and fair crypto gaming alternatives for players of all skill levels.

A Well-Rounded Package

When it comes to financial systems and providing a level playing field for crypto aficionados, CryptoGames leverages cutting-edge technology to ensure both. The casino features a complete collection of classic games, all of which provide modern crypto gaming experiences. Blackjack, Keno, Roulette, the Lottery, and six more standard casino games are all featured inside the casino’s sleek design.

As a whole, the platform’s games are designed to be simple to play and understand to appeal to the largest possible number of casual gamblers. All ten games are simple to pick up and play, but each has its own flavor and its own set of rules for how bets are handled.

As a result, CryptoGames is now recognized as a platform that consistently exhibits its commitment to fair and responsible gaming, therefore ensuring that all players may enjoy themselves in a risk-free environment. The 10 games all have distinct goals and features, so they are up to par with today’s requirements for video games.

After registering for an account, gamers may use their Play Money to try out nine different games at no cost.

A Solid Payment System

For a company like CryptoGames, which operates in the cryptocurrency industry, having a reliable payment system is essential. There are ten different cryptocurrencies available for use in the country’s financial system, which may be used for everything from transaction processing to playing games.

Even better, either fiat currency or cryptocurrency may be easily deposited into the system. Credit cards and an advanced monetary exchange system may also be used to make deposits and make trades.

Exchanges between other cryptocurrencies are also supported in CryptoGames, with the help of reliable aggregators. The casino also maintains an open and accessible list of services on its website, including things like the casino’s safety and privacy regulations, as well as its promotions, bonuses, and affiliate programs. Players who sign up for a free account at Play Money get instant access to the site’s rewarding system.

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