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Showing posts with label bitcoin news. Show all posts
Showing posts with label bitcoin news. Show all posts

Betting and Depositing Stopped on Just-Dice and Doge-Coin!


With news today that Canada is regulating bitcoin at the national level, gambling websites Just-Dice and Doge Dice (under same ownership and presumably run from Canada) have announced that they ceasing account depositing and betting for the foreseeable future. Just-Dice's main highlight is its provably fair gaming that's why it gained its popularity in no time.

There has been a post made by a staffer from the site's official blog, the staff's simply goes by 'Deb':

"As some of you know and many of you are going to find out, we have determined that the best course of action following Canada's new regulations regarding 'online currency' is to temporarily disable betting and depositing on both Just-Dice and Doge-Dice."

Canada's new regulations make things incredibly difficult for new businesses working in the bitcoin industry to get themselves in compliance with the law.

Bed of Just-Dice/Doge-Dice notes that along with 'Doog' (another staffer) "are working on alternatives for the sites," adding that they'll work to keep the community adequately updated as progress is made. They also make the recommendation that all users withdraw their coin balances and keep it in their own private means of storage until such a time where the website can open for business again.

Until then the sites will still remain functional, but all transaction taking place on the properties will be in what's they've referred to as a "play coin" environment. In other words, not real money.

"We would like to take this opportunity to thank each and every one of your, players, mods, investigators and those who have been active on chat. Without you, we'd not have enjoyed such a remarkable year together," she writes. "We hope to see you all back again once we've had a chance to get our ducks in a row."

Source: newsbtc.com

BetMoose The Bitcoin's Own Distributed Betting Market

The Bitcoin's Own Distributed Betting Market has been Launched!


Do you think that the next US president will be Hillary Clinton, or do you feel like Germany will win the FIFA World Cup? Well, then why not make some coin with your Nostradamus-like powers? And now you can, with BetMoose.com.

BetMoose is the place for P2P betting

BetMoose is a user driven betting exchange where you can place or create bets about anything and it is really anything.You can just make a bet about the first pitch in the San Francisco Giants vs. the Arizona Diamondbacks Game being called a "BALL", or that the bitcoin price will hit $1000 again before the year end. BetMoose makes a great exercise in testing your prophecy prowess.

The first thing that you'll notice when you arrive at the site, is its clean and organized homepage. There are not to many buttons or options to confuse you, just an easy on the eyes layout showing four of the many featured bets. Here is where the site gets interesting. You can place a bet on something you see, or host your own if you have a prediction. The site is P2P which means there are no unfavorable odds against you - bet against yourself if you wish, you'll get back your own coin.

Here are some of the bets posted at BetMoose, These are the most interesting bets that was posted since its first day:
  • Bitcoin Will Pass $1600 By the End of this Year
  • Ghash.io will reach 51% of the network hash rate in June - Resolved! (Guess what it was)
  • Bitcoin will hit $700 before 7/4/14
  • Amazon will accept Bitcoin by end of 2014
  • Hillary Clinton to announce US Presidential bid
"The purpose of BetMoose is to bring a convenient, secure, and user-friendly way for anyone to profit from their predictions while at the same time driving bitcoin adoption, and being an easy entry-point for new users."


BetMoose wants to make prediction markets mainstream, while also appealing to veteran oracles and prophets. To be the platform for those that want to place serious investments on future events, or hedge their existing positions on future holdings. The vision of an easy and safe experience carries right over to the core principles and policies of BetMoose.

Source: cryptocoinsnews.com

BitPay Sponsors Bitcoin St. Petersburg Bowl


The firm will rename the game as the "Bitcoin St. Petersburg Bowl" for the next four years. The firm decided to promote the digital currency it deals in rather than promotion its own brand name.

Digital currency processor BitPay has taken the naming rights to the annual postseason college football game in St. Petersburg, Florida after striking a deal with ESPN Events.

Now because of this sponsorship, the bitcoin casinos and bitcoin sites can expect a possible increase in online gamers later this year because of BitPay's new strategy. Bitcoin St. Petersburg Bowl is the first ever college football game sponsored by a cryptocurrency and it will kick off on December 26 in Florida and will serve as a tool to broaden Bitcoin awareness among mainstream audience like sports fans.

This move is indeed a great venue, because we all know that a football has a lot of fans, the game is set to air on the US sports television network ESPN, which reportedly has a viewership of about 100 million American households. As part of the tie-up, fans will have the opportunity to buy tickets for the game and associated merchandise using bitcoin. The agreement sees the bowl's organizers follow the example set by the NBA's Sacramento Kings, who became the first professional team to accept the virtual currency in January, while the San Jose Earthquakes soccer club also accept bitcoin.

Also expect bitcoin sports betting sites to add this bowl to the list of sporting events bitcoin users can bet on, it is really a win-win situation for bitcoin and for the online gambling industry.

The high possibility for more bitcoin adopters venturing into online bitcoin casino gaming and sports betting is promising. This deal is really a fantastic opportunity to raise bitcoin awareness to millions of new users.

Source: sportsmedia.com

BetCoin Rises to the top

A Bitcoin Revolution!



Enter BetCoin, the Bitcoin-only gambling platform which has introduced the industry to the alluring combination of Bitcoin's complete user anonymity and provably fair, traceable gameplay. Bitcoin going mainstream may be the hot topic for the year, but the online gambling industry is on the way to achieving this already, unveiling a transformation Satoshi would be proud of.

"In contrast to many of its competitors, BetCoin designed and built their system from the ground up with cutting edge technologies to focus completely on crypto currency, rather than retrofitting old fiat casino systems." Said Wayne B

While the majority of online gamblers are still using fiat, this move has turned out to be a shrewd one, with BetCoin already outpacing its competitors, including bitcoin casino industry stalwart SatoshiDice.

Bet to the last Satoshi

BetCoin capitalizes on this and offers entertainment for players who would otherwise be unable to participate due to banking/monetary restrictions, "Users can place bets as low as 0.00000100BTC. The accessibility model does not belie a target market solely lower-end customers, however. "BetCoin's large venture-capital backing allows them to offer the highest maximum bets of any Bitcoin Casino, giving any person with internet access a chance to play and win big, regardless of financial status"

BetCoin capitalizes on this and offers entertainment for players who would otherwise be unable to participate due to banking/monetary restrictions.

Because of the investments, it has allowed BetCoin's developers to produce an impressive set of credentials. Games are provided using state-of-the-art security and HTML5, mobile-enabled graphics, while "provably fair gambling" technology is used to create the outcome of each game, which is done using SHA256 AND SHA512 encrypted hashes, in such a way that the outcomes cannot be tampered with, and are truly random."

Source: cointelegraph.com

SoKor Bitcoin Casino Seeks Asian Customers

The List Of Online Casinos Using Bitcoin Is Getting Longer and Longer!



With a large number of gamblers eager to spend their money playing casino games, the Asian market has a huge potential. The only trouble is online and mobile casinos are not only illegal, but also blocked in several Asian countries, where laws tend to be very restrictive and authorities impose harsh punishments on anyone who dares to break them.

Satoshinori, a company operating from South Korea, is hoping to draw a big chunk of those gambling-thirsty Asian customers. Virtual currency is often used to dodge anti-gambling laws by avoiding traditional payment processing and Satoshinori is the latest addition to the list of online casinos using bitcoins. The website is available in Korean, Japanese, Chinese, Vietnamese and English. 

For now, the website doesn't offer online blackjack, but it does have a variety of multi-players games, including Seven Card Poker, Texas Hold-em and Matgo. Some of these game can only be played at Windows Explorer.

Testing the market

The South Korean website went live in May and is currently in beta testing. Players are welcome to participate and communicate their observations to the casino staff, via email. The team did not set a date for the full launch yet. An announcement published on the site says: "We will officially open when we finish the beta service."

It is Legal

When it comes to gambling with virtual currency, the biggest concern is the legality of the whole thing. Several Asian states – such as China or most American states – forbid playing online casino games for money. But the trick is… bitcoin is not real money; it’s virtual currency. It’s a completely unregulated market, because most states don’t even recognize it as a currency.

Source: virtualmining.com

Blockchain Launches Bitcoin.com

Blockchain Launches Bitcoin.com Android App



Bitcoin Wallet and Block explorer provider Blockchain has officially launched its Bitcoin.com website today, giving visitors a learning portal to the basics of the digital currency. Previously, the site was used by fellow consumer wallet provider Coinbase as a customer onboarding tool. However, Blockchain announced its 5-year deal to manage the domain name earlier this year.

At the time, the company expressed its hope "to help drive consumer adoption and education" using the web portal, standing; "We are excited to create new learning experiences and introduce millions of new users to bitcoin as a result of this exclusive deal."

The site is available in at least 70 languages, including Czech, Persian and Zulu, among others.

Blockchain for Android

The announcement coincided with the news that Blockchain will launch a more consumer-friendly wallet app update on Android devices next month, as reported by Business Insider. Blockchain executives told the media outlet that the app will emphasize security as well, and provided screenshots highlighting the app's improved interface.

The company has also announced that it will further resubmit its app to the iOS store following Apple's most recent policy update, which may now allow for bitcoin apps with money transfer capabilities to be listed via the platform.

Site Overview

At Bitcoin.com, users are greeted by an introductory "What is bitcoin?" video, with the current bitcoin price displayed in the top corner. Just below, the site answers the question of how to use bitcoin, briefly explaining how bitcoin wallets work and directing users to Blockchain.info.

Bitcoin.com directs bitcoin beginners to the main players in the ecosystem-Coinbase, Bitpay, Overstock, among others - to answer other questions about how to become informed and involved with the digital currency.

Source: coindesk.com

Bitcoin Entrepreneur Settles SEC Charges Over Stock Sales

SEC Charges Over Stock Sales!


Erik Voorhees, 29, who published prospectuses and solicited investors through the Bitcoin Forum websites to buy shares in FeedZeBirds and the popular bitcoin casino SatoshiDICE, both of which he co-owned, without first registering the offerings as required under federal securities law, according to the SEC.

A well-known proponent of the electronic currency bitcoin agreed to pay nearly $51,000 to settle U.S. Securities and Exchange Commission civil charges that he publicly offered unregistered shares in two Internet ventures, the regulator said on Tuesday.

The settlement calls for Voorhees to give up $15,844 in profit and interest, and pay a $35,000 fine. He didn't even admit or deny any wrongdoings.

Erik Voorhees is also a founder of Coinapult, which lets users transfer bitcoin via email or messaging service. The virtual currency is transacted independent of central control, and it is not backed by any government or central bank.

"All issuers selling securities to the public must comply with the registration provisions of the securities laws, including issuers who seek to raise funds using bitcoin," said Andrew Ceresney, head of the SEC enforcement division.

Brian Klein, a lawyer for Voorhees, did not immediately respond to request for comment. Klein has also worked for the nonprofit Bitcoin Foundation, which advocates use of the currency. The SEC said Voorhees raise 2,600 bitcoins in May 2013 through the sale of 30,000 shares in FeedZeBirds, which promises to pay bitcoins to Twitter users who forward sponsored text messages.

It also accused Erik of helping raise 50,600 bitcoins from August 2012 to February 2013 through the sale of $13 million shares of SatoshiDICE, a bitcoin casino gaming website that pays out casino-like winnings in bitcoin, SatoshiDICE was sold last July for more than $11 million, Eirk Voorhess said at that time.

According to the SEC, the value of bitcoin has fluctuated since Voorhees' first unregistered offering from about $5 to $1,200 per bitcoin. 

The case is In re: Voorhees, SEC Administrative Proceeding No. 3-15902. The SEC's order finds that Voorhees violated SEctions 5(a) and 5(c) of the Securities Act of 1993.

In addition to the monetary sanctions, Voorhees agreed that he will not participate in any issuance of any security in an unregistered transaction in exchange for any virtual currency including bitcoin for a period of five years.

Source: reuters.com

Rapper Accepts Bitcoin for New Album

50 Cent's Accepts Bitcoin for his New Album 'Animal Ambition'



Business mogul and hip-hop star Curtis "50 Cent" Jackson has joined the growing number of musicians and entrepreneurs who are embracing bitcoin by accepting the digital currency as payment for his new album, 'Animal Ambition'.

50 Cent's Shopify store will accept bitcoin payments for the new release, with BitPay acting as the payments processor. Shopify first integrated payments for its network of merchants in November 2013. The development brings a prominent face to the bitcoin community. In addition to being a successful rap artist and producer, Jackson is a notable entrepreneur, having invested in Glaceau - the makers of Vitaminwater - in a deal that would eventually propel his net worth toward $140m.

Tony Gallippi, BitPay's executive chairman, hailed the announcement by saying:
"We are excited to see high profile independent artists use bitcoin and 50 Cent's trail as an innovator is outstanding."
Jackson has also sold more than 30 million records to date, with hit albums including 'Get Rich or Die Tryin', 'Curtis' and 'Before I Self Destruct'. The release follows Jackson's decision to leave longtime label Interscope Records in February to work with distributor Caroline, part of the Independent Services division of Capital Records.

Bitcoin's Latest Entrepreneur

Most famous for his investment in Glaceau, which later sold to beverage conglomerate Coca-Cola for $4.1bn, 50 Cent has also engaged in other notable investments over the years. In 2013, he took another chance on the beverage market, launching Street King energy shots, which currently holds the number two market share in the $2bn annual industry.  Jackson is a noted activist as an investor, it's possible that the move signifies the rap star's larger interest in digital currencies. For example, by accepting bitcoin as payment for copies of 'Animal Ambition', the venture provides Jackson with an interesting way of accruing BTC.

BitPay's relationship with Shopify allows merchants to receive dollars, bitcoins or a combination of the two. It isn't clear which direction Jackson plans on taking the store in this regard. CoinDesk reached out to Jackson's representatives for more details, but was unable to receive immediate comment.

Source: coindesk.com

Maybe Bitcoin Miners Can Help Pay For Pirated Games!


This past few weeks a lot of reports suggests that a pirate release of game Watch Dogs contained a Bitcoin Miner. While no one wants their machine infected with unwanted software, could and authorized installation of a bitcoin miner on users' machines generate enough revenue for a developer to give his game away for free?

While it's no secret that some pirate games releases contain malware, during the past few days a more unusual story has been doing the rounds. According to a GameCrastinate report, this week thousands of BitTorrent users inadvertently became infected with Bitcoin-mining malware.

The problem apparently stemmed back to a leaked PC version of the much-anticipated game Watch Dogs from Ubisoft Montreal. While there was never any suggestion that the company had anything to do with it, the assumption has been that whoever leaked the game thought they could make a few dollars by installing the trojan on pirates' machines.

While there appears to be very little hard proof that the trojan ever existed or indeed spread on the suggested scale, the idea that tens or even hundreds of thousands of computers could be hijacked to generate mountains of dollars for a third-party gained a lot of traction in the press.

The idea of a sneaky trojan install is likely to annoy just about everyone, but what if a similar process could be put to a more creative and authorize use? What if a developer allowed his game to be shared online for free but in return installed a Bitcoin miner on downloaders' machines to generate revenue to pay for the software? That question was emailed to TorentFreak this week and while we had our doubts over the idea's viability, it could be pretty cool if it somehow came to pass. We promised to find out whether this was a crazy idea or a flash of genius.

Last year, Ars Technica bought a dedicated miner for $274 capable of magically churning out around 20$ in bitcoin every day. Sure it gobbled up %11 a year in electricity, but as a financial prospect it was a pretty safe bet. Gamers tend not to own dedicated mining hardware, but people playing game like Watch Dogs more often than not will have rather juicy graphics cards on board which could be coaxed into a bit of mining. Question is, would they be up to the task?

Roger Ver, an angel investor in several Bitcoin startups including Blockchain.info, BitcoinStore and BitPay, has been referred to in the press as the Bitcoin Jesus. In his opininon, could the "Watch Dog hackers" who sparked this story make much money with their illegal trojan?

"It depends a lot on the machines hardware, but to the hacker it is all profit since he doesn't have to pay for any of the hardware or electricity costs" Said Ver.

So with free money for the hackers established, we come back to the key question: could a Bitcoin miner installed with the permission of the downloader generate enough fractions of a single bitcoin on a single machine to keep the developer happy, in Watch Dogs' case, to the tune of around $60? Ver was quick to disappoint.

"This isn't viable any longer," said Ver. "There are so many people mining bitcoins using specialized ASIC hardware that  home computer isn't very effective any more." So the idea of mining bitcoin in order to generate revenue from people who can't or won't pay for their games is a no-go.

Source: torrentfreak.com

Bitcoin Bots Bought MIllions In Its Dying Days

Mt. Gox Bought Millions in its last days.


Two algorithms, named Willy and Markus, bought around 650,000 bitcoins in the dying days of the bitcoin exchange, a new report alleges.

Bitcoin prices were being manipulated in late 2013 by a pair of autonomous computer programs running on bitcoin exchange MtGox, according to an anonymously published report. The programs, named Willy and Markus, allegedly pushed prices up to %$1,000 before the bubble burst after MtGox collapse in late February.

The report's author alleges that some of the trades were coming from inside the exchange itself. "In fact," the report says, "there is a ton of evidence to suggest that all of these accounts were controlled by MtGox themselves."

The so-called Willy Report uses leaked logs of activity on the new closed bitcoin exchange to analyze the behavior of the Willy trading algorithm, which users had noticed in December 2013. The robot bought small amounts of bitcoin in regular intervals for months, but until the logs were leaked in March, no-one could work out why. The report's author tracked down all the "Willy" trades, looking for accounts making 1-20 bitcoin transactions every five minutes, and found that $112m had spent to buy more than 250,000 bitcoin in the course of November.

"So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this may be why," the writer adds. Bitcoin value went from around $200 at the start of November 2013 to a peak of $1,132 by the start of December - at which point the price collapsed. It stood at about $570 on Wednesday. But following the trail further back reveals a second bot, which the author names "Markus". That bot operated in a less elegant way. "First, its fees paid were always zero (unlike Willy, who paid fees as usual). Second, its fiat [non-bitcoin money] spent when buying coins was all over the place, with seemingly completely random prices paid per bitcoin."

The author suggests that the "Markus" bot, rather than spending bitcoin prices per bitcoin, In fact acquired the coins for free, "and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime." The total amount of bitcoin that the log shows was bought by Markus and Willy up to the end of November, when the logs end, is 570,00 bitcoin - equivalent to $379m on the average price of bitcoin during the month.

But the author also say that Willy was "active for the most part of December until the end of January as well. Although this was at a slower, more consistent pace (around 2,000 BTC per day), it should roughly add up to another 80,000 BTC or so bought." Add that to the total and it hits 650,000 bitcoin - the amount MtGox said it had lost to hackers when it closed its doors.

Source: theguardian.com

World's Largest Company to Accept Bitcoin

DISH Cable Provider Becomes Largest Company to Accept Bitcoin!



DISH Network Corporation is the largest company to accept bitcoin to date, last year they were able to have a revenue of $13.9bn, The company has more than 30,000 employees. Today, DISH Network has announced that will be accepting bitcoin payments, making it the largest company in the world to do so. The company is the first subscription-based TV provider of its kind to make such a venture into the digital currency realm, and will start its new business model in the third quarter.

DISH Network
"We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills. Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals." Said the company's executive vice president and CEO Bernie Han.
DISH will now use Coinbase as its payments processor to deal with all bitcoin transactions. The company will make the most out of Coinbase's Instant Exchange feature, which converts digital coins into fiat currency.

Coinbase's co-founder, Fred Ehrsam, expressed his feelings towards the partnership.
"We're excited to support DISH and their current and new subscribers for their bitcoin transactions. This is a large step forward in the growing momentum of customers paying companies in bitcoin for things we do every day, like watching premium TV."
Han adds that the payments processing company will allow DISH to easily transition into the digital coin world. DISH customers will have the opportunity to go on mydish.com in order to pay cable bills with bitcoin, in addition to already existing payments methods.

Prior to March 31st, 2014, DISH announced that it provides approximately 14.097 million paying subscribers. As for Coinbase, the payment platform works with over 31,000 merchants to help them become well acquainted with the digital coin economy. DISH's move into adopting bitcoin may very trigger other cable, phone and internet providers into following their lead. If successful, DISH may become the benchmark for where bitcoin takes off in  the entertainment services industry.

Souce: coinreport.net - dish.com

Can Bitcoin Stop Game Piracy?

Could Bitcoin Make Free2Play Games Obsolete?

The much anticipated game Watch Dogs was released yesterday and according to some report the pirated version that showed up on various illegal torrent websites contained a little extra added by the person who pirated it in the first place: a Bitcoin miner.
Piracy has long been the bane of the games industry - but one enterprising pirate may just have figured out how developers could make money from piracy, by using Bitcoin. And could this have implications for how legitimate game developers make money?

The way Bitcoin (and other so-called crypto-currencies) work is clever: essentially, your computer will over time slowly generate Bitcoins for you by 'mining' them - in other words, putting your processor to work by solving complex maths problems. The more computing power you have, to faster you can mine - and the richer you can get.

So what the pirate (allegedly) did was package in a secret bitcoin miner that had been programmed to send the virtual coins to his or her Bitcoin wallet - so when you play Watch Dogs, your computer is secretly making money for the pirate.

Whilst this obviously isn't good for Ubisoft, who put in the hard work making the game, you have to admit that it is very clever. And it is also funny to see people who have downloaded the dodgy torrent getting indignant at how the game that they pirated, giving no money to the developers, isn't quite as it seems.

This ruse though raises a bigger question: has it shown a new way for developers to monetise their games? With all of the talk in gaming communities about how much they hate "free to play" games (where micro-transactions are used for in-game items instead of paying upfront), could Bitcoin mining provide a unique solution?

What if instead of paying £50 for Watch Dogs up front, or £2 for Angry Birds (or whatever), you were able to download the games for free on to your device, with the understanding that it would use your computer (or console) to mine Bitcoins for the developers? This perhaps isn't as crazy as it sounds. When the PS3 first launched, Sony made a big deal about how the console could be used for Folding@Home - a medical research app that used connected consoles to process shedloads of raw research data whilst the PS3 was in standby mode. Essentially exactly what I'm proposing - but for altruistic reasons. There is only one minor flaw in the plan though. People will have to start taking Bitcoin seriously.

Source: techdigest.tv

Superbike Racer Will Be Wearing Bitcoin Logo

Superbike Racer to Wear Bitcoin Logo at Isle of Man TT Classic!



Australian bitcoin payment infrastructure company Diamond Circle is bringing bitcoin to the racetrack, sponsoring local superbike rider David Johnson in this week's famous Tourist Trophy (TT) race on the Isle of Man. Taking a cue from the recent successful in the attention-getting stakes covering of NASCAR racer Josh Wise's car with dogecoin livery, Diamond Circle will put its logo alongside the orange 'B' on Johnson's helmet as he rides in the 107 year-old race classic, which is broadcast around the world.

CEO Stephen Rowlison believes that such associations and global sponsorship deals are the best way to bring light to the digital currency revolution as it rolls out its products, and thanked associates such as Jason Kelly of the Manx Digital Currency Association. He presented one of Diamond Circle's bitcoin debit cards to Johnson'[s racing team Lloyd James PR Kawasaki as part of the promotion.

Bitcoin friendly jurisdiction

The Isle of Man has made bitcoin headlines outside of motorcycle racing too. A recent ruling by the island's Financial Supervision Commission determined that licenses are not required for bitcoin exchanges, and over 15 bitcoin exchanges are said to be interested in setting up there. Fast internet and low taxes have already made the territory an e-commerce hub, including a large number of online gambling sites.

Business leaders on the self-governing British Brown dependency have formed the Manx Digital Currency Association, whose role is to assist government and protect the reputation of the Isle of Man through sensible policies.

Starting CoinGG.com with a Bang!

This roulette betting site started making a buzz in the industry with a bang!

CoinGG.com debuts in the online gaming industry and in the community of bitcoin bettors with its introductory bitcoin giveaway, which is set to award the first 100 players who will post in its thread on bitcointalk.org with 0.5 mBTC each starting May 17.

The newcomer CoinGG boasts state-of-the-art technology in providing and maintaining a betting performance that is parallel to those of established Bitcoin casinos online, and therefore, it manages to offer premium roulette betting on the web, highlighting key features and services essential for a seamless betting experience.

The promotion proved to be success based on the response on the bitcoin forum, CoinGG is poised to attract players regardless because it has the makings of a prime-quality online bitcoin roulette game, which it describes as beautiful, clever, generous, swift, fair and secure.

But the best thing about this bitcoin casino and this is the lone feature that makes it stand out among the rest of the bitcoin casino games is the ability of players to invest in the platform and earn a share of the total house profits from every win and loss. It only means that the larger the investment is, the higher the profits will be; although the maximum profit a player can receive from a bet is limited to 2% of the house's bankroll.

Source: bestbitcoincasino.com

First UK Gambling Billionaires!


BET365 Owners Become The First UK Gambling Billionaires!

Bet365 owners, the Coates family, have become the first UK gambling billionaires according to the latest figures pulled out of thin air from the makers of the Sunday Times Rich List of 2014.

Who are the biggest hitters in the UK gambling industry?

According to the annual outing of the Sunday Times Rich List it's Peter, Denise and John Coates, who have become the first billionaires of the UK betting industry, with their Bet365 baby pulling in an estimated £1.2bn fortune (more than the combined wealth of The Queen, Elton John, Jamie Oliver and David Bekham).

It's been a fantastic year for the Potteries based family. Not only has their online business been bringing in the bucks, but their side venture Stoke City enjoyed the highest Premier league position in their existence, after the appointment of Mark Hughes helped catapult them to a ninth place finish. So who else was making a splash in an ocean full of cash?

Talal Shakerchi is a name that should be familiar with CalvinAyre readers. He recently spoke to us about the action in the High Roller events, and whilst he is not in the gambling industry per se, his success at the poker tables means our beady eye will be kept on him. The founder of Meditor Capital appears in the Sunday Times bible on two occasions. Not only does his £100m fortune warrant a 898th place berth, but he is the only recognized face in the Sunday Times Giving List with an estimated 4.79% of his wealth being donated to 'various' beneficiaries.

Another top class businessman who likes to play some high stakes poker in his spare time is Paul Newey. The 45-year old sold the Tamworth based Ocean Finance in 2006 for £200m, and he played alongside Shakerchi in the 2012 BIG ONE for ONE DROP at the World Series of Poker (WSOP). Newey once again making the grade in the list that he doesn't really want to be on.

Other online gambling fat cats include Ruth Parasol and Russ Deleon - who together are worth an estimated £740m. Parasol was the founder of PartyGaming and made a mint during the merger with Bwin. None of the 25 richest people in Europe had anything to do with gambling. but we still have quite a few people to mention in the Uk top 1,000.

Source: calvinayre.com

Bitcoin will be Bigger than Facebook?


Winklevoss Bros: Bitcoin Will be Bigger than Facebook!

Tyler and Cameron Winklevoss discovered bitcoin in June 2012 while on vacation, and have had big plans for the digital currency ever since. The duo claims that bitcoin encourages financial freedom and openness.

Bigger than Facebook

Their destiny's lead them to bitcoin while in Ibiza, after bumping into a familiar face. Tyler explains:
"We were on vacation, and happened to bump into a guy who is mutual friend and he started to tell us about bitcoin. We were fascinated from day one. At the time we were just re-immersing ourselves inside the tech world, getting into the trnches again."
The twins introduction to bitcoin occurred soon after legal battles against Facebook founder Mark Zuckerberg. The brothers won $65 million in a settlement, after Zuckerberg was accused of stealing their social media idea. With all that behind now, Tyler believes bitcoin is the next big mainstream focus, and that it has the potential to be even bigger than Facebook. He says:
"Bitcoin potentially could be more impactful because being able to donate 50 cents to someonce across the world has more impact that potentially sharing a picture. But they're very different. Facebook is like the internet - a large company and an application. Bitcoin is a protocol for decentralization, so you could build a decentralized company on top of it, a stock market. It's an internet of ownership, so it's not quite a direct comparison."
 As the 32-year-old investor mentions, bitcoin and Facebook are two completely different mediums, however, both work on bringing people to interact with one another through peer-to-peer networking. The brothers remain optimistic that the rest of the world, including Wall Street, will take notice and implement the digital currency. Tyler compares the doubters of the internet from the 1990s, to doubters of bitcoin today. Though the concept is new and some minor bugs need to be worked out, time will show how resourceful bitcoin will be.

Source: coinreport.net

Casino M8TRIX License in Jeopardy


Casino M8TRIX License in Jeopardy after profit Skimming Accusations!

A california cardroom may find itself out of business if the state attorney general's office can prove Casino M8trix attempted to hide millions of dollars in profits. The state's Bureau of Gambling Control filed paperwork on May 2 accusing the San Jose cardroom of diverting significant income from its 49 poker tables to limited liability corporations (LLC) controlled by M8trix owners Eric Swallow and husband and wife team Peter and Jeanine Lunardi.

The payments to the LLCs were listed as expenses rather thatn distributions to owners, which reduced the amount of income M8trix reported to effectively zero in three of the four years between 2009 and 2012. This is not only reduced M8trix's tax bill but also its contributions toward city-run gambling addiction programs. The San Jose Mercury News reported that Swallow had admitted there were no invoices detailing the nature of the expenses for which the LLC's received "millions of dollars annually" from M8trix.

Bitcoin Investments are Stopping!


US Regulator Warns Against Investment in Bitcoin!

The SEC has urged investors to approach Bitcoin with caution due to its recent volatility. The US financial regulator Security and Exchange Commission issued a lengthy warning against investing in Bitcoin, straight that it lacks "credibility and trust." This comes a few month after the SEC announced that it would regulate the virtual currency as an asset instead of a currency, meaning that traders would have to pay the capital gains tax on transactions.

Bitcoin has come under fire due to exchange rate volatility and the bankruptcies of MtGox and Flexcoin. While it still has its supporters, iOS, Android and Windows mobile casino Vera&John recently announced that it would no longer accept deposits in the currency. In addition, American hedge fund mogul Warren Buffet has urged investors to approach Bitcoin with caution.

Governments seek to regulate Bitcoin

Late last year the People's Bank of China announced that it would not allow domestic companies to trade in Bitcoin, and now the SEC is looking to increase regulation on the currency. However, the fact that all transactions are virtual and bypass the use of banks makes it difficult to governments to monitor use the currency. It is accepted by numerous mobile casinos including Bet365 and Zynga.

Source: blackjackchamp.com

Bitcoin Economy is Controlled?


Is the Bitcoin Economy Controlled by Online Gambling?

More than half of all Bitcoin Transactions are from Gambling Sites. But is the Future of Bitcoin a Safe Bet? There are many parallels between the risk of betting on bitcoin as the currency of the future and the risk of placing a bet on the Yankees. For one bitcoin enthusiast those risks are one and the same.

Bitcoin advocate, entrepreneur and CEO of Bitcoin Sports Trade, Tyler Wilson discusses what bitcoin means to the world and how it is the innovation that inspired him to create BitcoinSportsTrade.com

Gambling on Freedom

Wilson shares his thoughts on the true power of Bitcoin. "Bitcoin means much more to the world thatn just a new form of money" he says. "Bitcoin at its core represents the decentralization of a corrupted banking system and the freedom of choice. Bitcoin literally has the potential to unify the world and give the powe back to the people", he explains.

Using bitcoin to facilitate a bitcoin sports betting site is fun and all but what bitcoin really represents has far greater significance to me. Bitcoin gives a voice to the people, so the more we use bitcoin collectively, the louder that voice becomes, according to Wilson. He also says that the more companies start to accpet bitcoin and the more bitcoin based businesses are started, the more we will be able to shift the imbalance of control in the world.

Bitcoin is no controlled by any single entity. Nobody's in control so no one can tell you what to do with your bitcoins and how to spend them. Isn't that true definition of democracy?

Source: coinreport.com

mBit Casino Live Dealers is on Fire!


mBit Casino Live Dealers Pose for Lingerie Shoot!

Over the past few months mBit Casino has grown into a successful bitcoin casino offering a variety of games. However, there is one aspect of the casino which is particularly successful at attracting players, live dealers. mBit Casino was the first bitcoin casino to offer a live dealer experience.

The dealers are based in a studio and broadcast games live to players across the world. The service is already extremely popular, but now in order to give it an extra boost the casino has featured their dealers in lingerie in a photo gallery on the site. The photo shoot has already led to an increased amount of new players and higher levels of customer retention.

Philip Aaker, the marketing manager at mBit Casino, said, "On top of being incredibly attractive, our live dealers are the best at what they do. It's time casino players familiarize themselves with the benefits of Bitcoin and there is no better way than to take your first steps in our live dealer section".

Furthermore, new players can receive a 25% deposit bonus of up to 1BTC when they sign up. The success of mBit Casino suggests a great future for bitcoin gaming and the bitcoin economy in general.