Abe Efe | Bitcoin Slots.us

Crypto Gambling Watch Dog Ramps up Its Operations

Posted on May 8, 2018May 8, 2018 by Abe Efe

It has been a remarkable past few months for cryptocurrencies as they have rapidly grown to be quite popular in nearly all corners of the globe. In essence, this can be likened to the present day gold-rush and no one wants to be left behind. One of the areas where crypto has seen heavy adoption and usage is the gambling industry.

According to a statistical report, since 2014 approximately 4.0 million BTC has been placed on bets that equate to about $37 billion. This, when compared to the global statistics, is a just a fraction of what the cryptocurrency gambling industry is capable of. Clearly, the gambling industry is the winner here.

However, one of the most pressing issues when it comes to gambling is regulation which also extends to the crypto gambling space as well. That is where leading crypto gambling affiliate site Gamble.io comes in. It serves as a regulator that screens and reviews cryptocurrency-oriented gambling services and site so as to ensure they are safe and trustworthy to play on.

A month ago, the watchdog site completed its review of a bitcoin-based sports betting site known as Cloudbet – the review not only confirmed that Cloudbet’s solid reputation is not a fluke but also pointed out some of the aspects that needed to be improved. This review was a clear indication of how serious Gamble.io is about ensuring that gambling in crypto is safe for everyone.

Gamble.io has recently laid down its regulations on another crypto gambling operator known as BitStarz which also happens to be known for being a reputable gambling operation. Gamble.io has put BitStarz on its casino of the month spot thanks to the operator’s unique approach to merging the use of both fiat currency and crypto. The full review also points out some of BitStarz’s best attributes that include great overall play selection, reliability as well as mobile compatibility.

“Due to the fairly large number of new players in the game, we were not able to conduct our studies as quickly as we had hoped. Our reviews and studies consist of multiple phases from depositing, game selection, customer service and anything else worth knowing for a crypto player. For example, testing the various games from different casinos took a little longer than expected. However, now we’ve completed the task and are proud to present our findings. We continue to be on the lookout for new crypto casinos,” said Matt Beardsley, the Gamble.io spokesperson.

Quickspin, Competition Labs Partner for New Slot Tournaments

Posted on May 1, 2018May 16, 2018 by Abe Efe

Renowned top software provider Quickspin has recently partnered with Competition labs to introduce all-new slot tournaments as part of Quickspin’s latest attempt towards driving player retention. This new feature will now be offered to players by both platforms with the players being allowed to compete in tournaments that feature event-oriented prizes and rewards.

The new tool will also give online casino operators the opportunity to offer competitions via online slots tournaments while using the unique gaming events to drive points. For instance, players can get points every time a scatter appears or they win with a wild symbol. Furthermore, the tournaments are customizable which means that different operators can tweak their offerings and align them with what the players want to see.

Also, players can monitor their standings and progress in real-time on the in-game leaderboard – this is a holistic feature that will require no additional operator integration or development to work. It is also worth noting that the leaderboard features a decent number of custom themes including season-oriented ones and others that fall in line with an operator’s ongoing promotions.

“We are all very proud to be bringing our new Tournaments feature, which piles on the excitement with an added layer of interactivity that we are sure players will love. Our Achievements Engine and Achievements Races underline our flair for implementing gamification, and the new Tournaments feature is a natural extension of our expertise,” Daniel Lindberg, the Quickspin CEO said.

Founded in 2011, Quickspin has grown and evolved rapidly to the established top software development studio it now is. In fact, as far as real money gaming and social casino games go, Quickspin is the go-to software provider for several big players in the casino industry. This is proven by the fact that the company has licenses in multiple jurisdictions and the numerous agreements it has signed with leading gaming operators. In 2016, Quickspin was acquired by Playtech, a move that would further elevate the company’s already marvelous reputation.

A Look at Pechanga Resort & Casino’s 4-D Slot Machines

Posted on April 24, 2018May 16, 2018 by Abe Efe

If you are looking for something that is truly unique and stands out from the traditional bells and flashing lights that usually define the old school slot machines, then look no further than Pechanga Resort & Casino’s innovative take on the game. The operator’s new Sphinx 4-D video slot machine gives the customers a chance to change from day to night by just a sweep of their fingers.

But that is just the beginning. Players are also able to reach out and touch floating butterflies and coins on the screens as they go about their gaming business in the hopes of landing a jackpot. It’s a completely immersive experience that is certainly bound to keep players coming back for me.

The Technology Behind It

Manufactured by multination gaming company International Game Technology (IGT), Sphinx 4-D debuted on the Pechanga Resort & Casino floors last month and it has been received quite well since then. Aside from the already sensational 3-D gaming technology that allows the players to interact with floating graphics, the game also includes revolutionary 4-D technology that entails some very neat features.

These features include gesture recognition that is quite accurate, enhanced sound that makes the game even more immersive as well as elevated high definition graphics that make everything look crisp and real. In addition to this, the Sphinx 4-D chair also rumbles and vibrates. Too much? Well, the game developer thought of this as well and they included an option of dialing down on the sensory intensity of the slot machines.

“The concept is that players will be able to feel what they are seeing on the screen,” said Anthony Zamora, the slot director at Pechanga Resort & Casino. “Guests have reported the game is fun to play.”

Even though this particular slot machine is truly exceptional, similar 4-D style gaming is becoming the trend. The goal is to give the players more options and thus set the gaming experience apart from traditional slot gaming. Slot machines are evolving and Pechanga Resort & Casino is lucky enough to have a front seat spot.

Expect to see more goodies as newer skill-based games and themed machines take over casino floors with advanced visuals, enhanced sound, and innovative seats.

“The next generation of games is 4K monitors with distinctive and immersive graphics,” said Greg Colella, the vice president of product marketing for Scientific Games, a renowned game manufacturer. “There are also clever technological things like a speaker that provides surround sound instead of sound chairs which are a little clunky.”

Coinsource to Deploy 20 Bitcoin ATMs in the US Capital

Posted on April 17, 2018April 17, 2018 by Abe Efe

Bitcoin ATMs have grown in popularity over recent years with a number of these digital currency outlets being deployed in various locations all around the world. This has spawned a bit of competition among cryptocurrency operators, especially in the United States. However, Coinsource, which happens to be the largest bitcoin ATM network in the world still remains a dominant player in the US. Things are about to get even better for the company with its planned expansion to US capital which will involve the deployment of 20 ATM machines across the District of Columbia and Maryland.

“We are meeting Washington D.C. at an inflection point, where regulators are looking at the value and potential of decentralized currencies and blockchain technology,” said Coinsource CEO Sheffield Clark. “All innovation over time has passed through our Nation’s Capital in one way or another, and we are happy to be now servicing Washington D.C. and the surrounding communities so that they can have easy access to buying and selling Bitcoin.”

The expansion is also a response to the huge demand by users and merchants in the Washington DC metropolitan area. Before Coinsource decided to Venture into Washington, the city already had five bitcoin ATM machines with each being serviced by a different operator. Furthermore, a number of the state’s restaurants, record shops and bookshops among many other businesses have been allowing the use of bitcoin as a mode of payment since last year.

Coin ATM Radar reports that there are currently about 2,753 bitcoin ATMs in the United States – this accounts for 75.75 percent of the global total. With the new development, Coinsource’s bitcoin ATMs will now be servicing 164 million residents in 19 states. The residents in these 19 states will also have the benefits of the lowest rates, account registration from the comfort of their homes as well as exclusive remote enrollment. This is one of the company’s ways of providing financial freedom to the unbanked and the underbanked.

“Our goal is to give everyone the equal ability to access bitcoin, particularly in times of record demand, and participate in this soaring new economy. Part of making this marketplace accessible is making sure our fees are less than half that of any other operator, and customers will be given fee-free transactions for first-time use of any new machine,” the CEO added.

Twitter Briefly Shuts Down @Bitcoin Sparking Big Schism

Posted on April 10, 2018May 16, 2018 by Abe Efe

Over the weekend, Twitter suspended the @Bitcoin Twitter account that is run by an anonymous user. The account was then briefly handed over to a user who claimed to be Turkish before it was taken over by another user who claimed to be Russian. However, the account was restored to its previous owner on Monday afternoon, but this has sparked a whole lot of conspiracy theories.

A Twitter spokesperson said that there was nothing to share as the company does not “comment on individual accounts.” Not many people are buying this excuse though:

“That’s some bullshit if you ask me,” the user behind @Bitcoin tweeted. “I’d like to know why my account was given to someone else, and then when it’s reinstated I’m missing 750,000 of my followers.”

Before its suspension, the @Bitcoin Twitter account had over 821,000 followers. Twitter is already making efforts towards restoring all the followers that disappeared even though this will not take it out of the bitcoin community’s spotlight especially considering the vast number of conspiracy theories that the suspension has spawned.

The @Bitcoin account has always been supportive of Bitcoin Cash, the bitcoin fork that was founded by a group of miners, developers and members of the bitcoin community who split off in August 2017 citing a disagreement over how the network’s growing scaling issues would be addressed. The result of this move was a duplicate of the bitcoin blockchain as well as totally new digital currency.

Twitter Has Always Been the Battleground

The relationship between Bitcoin Cash and bitcoin, which is sometimes referred to as a Bitcoin Core, has always been rather rancorous, to say the least. Both cryptocurrencies’ most fervent supporters have always gone head to head against each other with Twitter being one of their favourite battlefields. The @Bitcoin Twitter account is just the latest victim.

Many Bitcoin Cash supporters suspect that the Bitcoin Core supporters had something to do with the suspension of the @Bitcoin Twitter account – they suspect the Bitcoin Core supported falsely reported the account to Twitter for harassment or spam. In general, there has been a lot of back-and-forth online battles pertaining to the two digital currencies which implies that there is more to come.

A deeper conspiracy theory suggests that the @Bitcoin account was suspended because the social media site’s CEO, Jack Dorsey, is a Bitcoin Core supporter. Dorsey happens to have invested $2.5 million in startup known as Lighting Labs that builds technology for Bitcoin Core.

These are all just speculative rumours and theories but regardless of the fact that Twitter recently banned cryptocurrency-related ads, the company has confirmed that it does not have any content rules that are specific to cryptocurrencies.

Taiwan Central Bank Poses Money Laundering Rules for Bitcoin

Posted on April 3, 2018May 16, 2018 by Abe Efe

The Central Bank of Taiwan has recommended new rules that are meant to bring bitcoin under the island’s Department of Justice’s anti-money laundering regulations. In October 2017, Taiwan’s Financial Supervisory Commission (FSC) openly showed support for Initial Coin Offerings (ICOs), cryptocurrency, and blockchain adoption and innovation in the country.

However, the situation has since changes especially due to the concerns that have been raised about bitcoin’s recent price plunges. In response to these concerns, the central bank governor, Yang Chin-long, said in a meeting with Taiwan’s Legislative Yuan Finance Committee that some of the banks “response measures” to the “opacity” of bitcoin transactions would include reminding investors about the risks. This will be followed by anti-money laundering regulation of bitcoin.

As it stands, the central bank has been diligently monitoring the volatile movements of bitcoin prices. This move was, however, partially prompted by parliamentary enquiries pertaining to the digital currency. It is still too early to tell if the ministry will support the introduction of anti-money laundering rules for bitcoin but it is still a great milestone for Taiwanese authorities in their bitcoin regulation agenda.

The Taiwan Central Bank’s proposed regulations came just a month after Sheu Yu-jer, the island’s finance minister, expressed his opinion that cryptocurrencies should be taxed. The minister further added that the agency is currently evaluating ways to implement relevant taxation rules. A number of neighbouring Asian governments have already put in place cryptocurrency regulations under anti-money laundering rules that are primarily meant to prevent financial crimes.

South Korea, for instance, officially prohibited its domestic banks from providing virtual and anonymous accounts for cryptocurrency exchange users. It further mandated a new real-name verification process that took effect in February 2018. On a similar note, in early March, Malaysia ushered in an anti-money laundering policy that stipulated that know-your-customer processes have to be adhered to in all cryptocurrency activities.

Crypto Exchange Binance Set to Exit Japan amid New Troubles

Posted on March 27, 2018May 16, 2018 by Abe Efe

Turbulent times are becoming a norm for the world of cryptocurrency and it seems the members of this community, such as Binance, and its followers have grown resilient to the ups and downs that are witnessed on a daily basis. Regardless of the impeccable grit that members of the crypto world have portrayed in a bid to ensure its survival, sometimes it really does not pay off as expected. There are a lot of different factors that affect the crypto ecosystem one of which is state laws existing in different countries – the officials of any given country usually have more power than anyone else when it comes to digital currency. Binance’s woe in Japan is a great example of this unfortunate circumstance.

The exchange, which happens to be the largest digital currency exchange in the world has been experiencing a bit of turbulence in Japan, where it is based – not for long though. The exchange is now planning to move to Malta following a formal warning from government officials.

Binance is one of the financial entities that are under the oversight of Japan’s Financial Services Agency which serves as the country’s financial field regulator. As it turns out, the Financial Services Agency officials’ attention was attracted by Binance’s lack of an operational license. However, Binance officials clarified that is was not the company’s fault – in reality, it has been looking for ways of receiving registration in Japan, but this is yet to be issued. The Financial Services Agency, on the hand, does not seem to be buying the excuse and it even plans to partner with the law enforcement and file criminal charges if Binance refuses to cease its operations in Japan.

Moving to Malta

Binance had hoped to keep operating in Japan after acquiring licensing but once the formal warning was issued, the final decision was to move to Malta. The exchange announced that it would officially be relocating to the island of Malta, one of Europe’s most popular online gambling hubs. Malta has been quite welcoming to this new development especially because it presents a great opportunity to develop the blockchain-based businesses that operate in the country. Furthermore, the move will serve to greatly improve the already thriving iGaming industry as well as provide more opportunities for development for the licensed operators.

Dutch Court Considers Bitcoin a Licit “Transferable Value”

Posted on March 23, 2018May 16, 2018 by Abe Efe

According to a court document that was published a couple of days ago (on March 20), a Dutch court classifies bitcoin as a legitimate “transferable value”, a ruling that was made in favour of a plaintiff who was owed 0.591 BTC by a private company.

The petitioner, Mr J.W. de Vries filed the claim on February 2 this year against Koinz Trading BV which is a non-public company that had been previously ordered by a lower court of Midden-Nederland to 0.591 BTC worth of mining proceeds owed to Mr Vries, or risk a €10,000 worth of penalty payment. Since the company had already defied the initial ruling from the lower court that required it to pay the required amount in BTC, the Dutch court ordered the company to either follow the directive or be declared insolvent.

The court judgement went further to state that bitcoin exhibits all the characteristics of a property right. As such, any claim to transfer bitcoin under property rights is considered to be valid under existing laws.

“Bitcoin exists, according to the court, from a unique, digitally encrypted series of numbers and letters stored on the hard drive of the right-holder’s computer. Bitcoin is ‘delivered’ by sending bitcoins from one wallet to another wallet. Bitcoins are stand-alone value files, which are delivered directly to the payee by the payer in the event of a payment. It follows that a Bitcoin represents a value and is transferable. In the court’s view, it thus shows characteristics of a property right. A claim for payment in Bitcoin is, therefore, to be regarded as a claim that qualifies for verification,” the court judgement read.

The findings of the court included an undisputed contract between Koinz Trading BV and Mr Vries and since the initial undertaking was in bitcoin, the amount was also to be paid back in the same way. This legal relationship was qualified as a civil obligation to pay.

This particular event is one of the many milestones, most of which are yet to come, of the crypto-ecosystem that will see bitcoin through to mainstream acceptance as a standard mode of payment alongside the government-issued fiat currencies. It certainly won’t be too long until this happens but in the meantime, a number of issues, such as the recent unintended content found on the bitcoin blockchain that must be sorted out.

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Chartbuster CEO, James Jones, Joins ZeroEdge’s Zerocoin

Posted on March 14, 2018March 16, 2018 by Abe Efe

Renowned online cryptocurrency gambling platform, ZeroEdge, has nabbed itself another top industry professional and advisor who specializes in online gaming as well as associated digital media and entertainment. James Jones, the advisor and current Chartbuster Games CEO, has over twenty years’ worth experience in all the mentioned industries – this is certainly no mean fete considering how innovative and demanding these industries are.

He is considered to be a digital pioneer in his own right for having gained his first career experience in the very early stages of online and digital web entertainment. Since then, Jones has been at the helm of a number of key developments within the industry, most of which have played a critical role in the existing demanding and ever-changing mobile entertainment sector. These traits are what make him such a valuable asset.

As far as ZeroEdge’s business is concerned, Jones contribution will mostly come from the vast amount of knowledge and experience in key market areas that include marketing and the monetization of digital content using various medium and streams such as in-app purchases, online retail, subscriptions, licensing and microtransactions among many others.

James Jones has hands-on experience in over twenty platforms that also happen to include Android, iOS – the world’s most popular mobile platforms, respectively – as well as tablet gaming, Facebook and other social platforms. Evidently, Jones is indeed the man for the job.

A Little About ZeroEdge

ZeroEdge is an online Esports betting platform that operates on a revolutionary concept – it offers betting on all games with a 0 percent house edge which gives its players a truly fair chance of winning – playing at ZeroEdge.Bet is completely free. This makes it quite a lucrative choice for bettors since, as it stands, all other online casinos come with house edges ranging from 1 percent to 10 percent or even more depending on the games.

Furthermore, the value of ZeroEdge’s own cryptocurrency, Zerocoin, increases as more people learn about the platform and eventually join it. This is achieved through the creation of a closed-loop economy whereby the high demand for 0 percent edge games raises the value of Zerocoin.

Author: Abe Efe