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Blockchain to revolutionise gambling industry

Niji Narayan

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Photo credits: http://fintechnews.ch
Reading Time: 2 minutes

Gamblica, a Malta-based online gambling provider, is all set to change turn the gambling industry upside down with the help of blockchain technology. The Gamblica platform provides a range of gambling activities: roulette and slot machines, poker room, sports betting, on a uniquely transparent and secure smart contract system. The platform is based on a blockchain technology and it helps solve age-old problems such as fraud, high fees, and personal data leakage.

The online gambling market is growing approximately 9% per year, that is about $5bn annually. Despite the growth, the quality of services provided is surprisingly low.

The industry is facing many serious problems, which hold back further development. One of them is fraudulent behaviour by some operators, which undermines the credibility of the entire market. Another problem is the risk of having one’s account blocked when they want to withdraw their prize money after winning a jackpot.

The Gamblica platform is aimed to solve all these problems. It puts the player in charge. The Gamblica team believes blockchain to be one of their biggest advantages. It gives them an unprecedented access to worldwide markets and allows lightning fast, frictionless and hack-proof transactions. And the best part — no one can cheat. It is physically impossible to defraud players when using distributed ledger technology. Nice touch — Gamblica’s White Paper is translated into nine languages.

The reason why most fair blockchain casinos fail is that they try to target dodgy casino operators, who are not interested in losing profits. Gamblica aims at designing a product for the end user, and that makes a real difference.

As it often happens, one of the best things about Gamblica is buried deep in smart contracts and arcane cryptographic theories. No one, literally not one person, can compromise the game’s outcome. Gamblica’s unique RNG requires several parameters to generate a random number. Each of those parameters is independent of others; some are generated by Ethereum blockchain. When they all come together in the project’s RSA PRNG algorithm, the game’s security becomes virtually impenetrable.

The only way to access the platform and purchase our services is Gamblica’s utility token — GMBC. The rest is simple: the platform grows, so does GMBC.

If you feel that’s exactly what you were looking for, the one thing you may want to know is their bonus schedule. Gamblica had been offering a 50% bonus during the first stage of the token sale: now contributors still have a chance to get GMBCs with a 32% bonus. The bonus, however, gradually decreases and will hit 0% in the last stage of the crowdsale. So, the earlier you participate, the bigger bonus you get.

What you need to participate is create your personal account on Gamblica’s website and go through the KYC procedure. It is neither scary nor difficult; the team has even prepared a step by step guide on how to buy GMBCs.

One can purchase GBMC tokens by transferring BTC/ETH directly to their personal account. All bonuses will be awarded automatically. After the token sale, GMBCs can be transferred to the participant’s external ERC-20 compatible Ethereum wallet.

Source: coinidol.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Iranian Government Proposes for New Cryptocurrency Mining Regulations

Niji Narayan

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Iranian Government Proposes for New Cryptocurrency Mining Regulations
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The Cabinet of Iran has proposed for new cryptocurrency mining regulations in Iran, which include annual licensing for cryptocurrency miners.

Based on the proposal, licensed and registered cryptocurrency miners will be required to submit information such as their list of business activities, the predicted value of their investments, current employment status, rental agreements for the space itself, value of their mining equipment and the duration of the mining project. The license will need to be renewed every year.

The Iranian mining industry has grown dramatically over the past two years. One anonymous source in Tehran told CoinDesk that most miners he knows are “under the radar” and import equipment through the black market, without paying taxes.

The Central Bank of Iran finally recognised the grassroots industry and promised a lawful licensing procedure in July 2019. The pending proposal was approved by Reza Rahmani, Iran’s Minister of Industry, Mine and Trade. The Iranian mining licenses would only apply to miners with equipment that requires 30 kilowatts, which might exclude homemade mining equipment or small operations.

“It’s obvious that the power industry here in Iran, it’s not a private business, it’s from the government. They need to figure out how to balance mining [operations] so that they wouldn’t harm the power grid. If there’s a constant, a continuous consumption of electricity you can also make new power plants or assign power plants to this,” an anonymous source said.

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Bitcoin

Bitcoin Confirmed As New Sleeve Partner of Watford FC

George Miller

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Bitcoin Confirmed As New Sleeve Partner of Watford FC
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The Bitcoin logo will appear on the shirt sleeve of Watford FC this season, as part of an educational drive led by the innovative sports betting brand Sportsbet.io.

The logo is part of a wider campaign to improve awareness around Bitcoin and educate the public on the benefits of using cryptocurrencies.

It is led by Watford FC’s primary shirt sponsor, Sportsbet.io, which announced a landmark deal with the Hornets team in June.

Justin Le Brocque, Head of Marketing at Sportsbet.io, said: “The crypto community have been hugely supportive of us since we began, so putting the Bitcoin logo on the sleeve felt like a fun way to give something back while also showing them our support.”

The sponsorship will be crowd-funded, allowing anyone who holds Bitcoin the exclusive opportunity to share in the perks granted to Watford FC sponsors. Contributors can bid for public LED space shown live during matches, use of the Bitcoin box for eight people and exclusive Watford FC merchandise.

“Some of the biggest challenges we and others like us face is raising awareness, dispelling common myths around cryptos and educating the public on the advantages and opportunities presented by cryptocurrencies,” added Le Brocque.

“Our partnership with Watford marks a major disruption in the world of traditional sports sponsorship, and by adding the Bitcoin logo we hope this world’s first partnership will create even more buzz around cryptocurrencies.”

Scott Duxbury, Hornets’ Chairman & CEO, added: “Placing the Bitcoin logo on a Premier League shirt is something that challenges the accepted norm. We’re excited about the partnerships and the potential for new global conversations that it could help start for our club.”

To celebrate the Bitcoin sponsorship with all Bitcoin holders, Sportsbet.io is also giving away a 2 mbtc Free Bet to all Sportsbet.io players if Watford scores against Arsenal this coming Sunday. More information on the amazing offer can be found https://sportsbet.io/promotions/free-bet-giveaway.

Last month, Sportsbet.io announced a pioneering three-year partnership with Watford, marking the first time a company known for blockchain and cryptocurrency expertise had appeared on the front of a Premier League shirt.

The announcement was accompanied by the launch of Sportsbet.io’s ‘Know No Borders’ campaign, which highlights the brand’s commitment to putting players at the heart of the action, no matter their country, sport, team or currency.

Sportsbet.io accepts a range of fiat and cryptocurrencies, including Bitcoin, to deliver the very best in fun, fast and fair gaming.

To get involved, all you need to do is visit the site http://bitcoin.watfordfc.com.

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Bitcoin

CEEGC2019 Budapest – Speaker Profile: Max Krupyshev, CEO at CoinsPaid

Zoltan Tundik

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Reading Time: 2 minutes

 

CEO of fast-growing Cryptocurrency Processing Provider to join the payment related panel discussion at CEEGC 2019.

As mentioned earlier, at CEEGC2019 we are putting together a debate about Payments, Fintech, and Blockchain with an emphasis on the changes that have occurred in the past 2 years.

The panel discussions will take place during the 2019 edition of CEEGC Budapest, and has been strategically titled as “2-year revision – Payments, Fintech and Blockchain”.

Among the experts of the panel discussion, you have the opportunity to catch up and hear more about cryptocurrencies and blockchain in the online gambling industry from a leading expert, Max Krupyshev, CEO at CoinsPaid.

Secure your seat now!

About Max Krupyshev

Max has a Bachelor’s degree in Physics and a Master’s in Business Administration.

Max heard about Bitcoin for the first time in late 2013 right after completing his Master’s degree in Management. Max was immediately inspired by the innovative and disruptive technology behind Bitcoin and quickly made a name for himself in his local Bitcoin community in Kiev.

Eventually, Max’s passion for Bitcoin drove him to co-found a Kiev-based software development studio and to found the Bitcoin Foundation Ukraine and Satoshi Square Kiev. Max has worked for one of the biggest Bitcoin Cloud mining platforms prior to becoming Product Manager and later Head of Crypto Business at Cubits.

After a tragic Cubits shut down, Max was invited to obtain the CEO position at coinspaid.com. Coinspaid is a fast-growing Cryptocurrency Processing Provider for an online business.

Make sure that you are among the delegates of CEEGC Budapest this year for a new and engaging format that is going to increase the engagement and interaction of the attending delegates.

Register here or View the Agenda!

Browse the official event website for more details: www.ceegc.eu

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