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Gambling-focused cryptocurrencies valued at more than $100m

George Miller

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Gambling-focused cryptocurrencies valued at more than $100m
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Cryptocurrencies dedicated exclusively to gambling have a combined market capitalization of more than $100m, according to research from CryptoGamblingNews.com.

While the cryptocurrency market has suffered a tough 12 months, investors are still backing gambling coins to the tune of nine figures.

The top 10 gambling-focused cryptocurrencies currently hold a combined value on trading exchanges of $86.7m. With dozens of other gambling coins also being traded, the total sector is worth over $100m.

The leading crypto gambling project by market capitalization of its cryptocurrency is currently FunFair Technologies, a B2B blockchain gaming platform launched by Jez San OBE. Its coins are currently valued at $29m, according to data from CoinMarketCap.com.

FunFair is followed by decentralized sportsbook platform Wagerr ($15.1m) and decentralized casino platform Edgeless ($12.5m).

The cryptocurrencies are actively traded on a number of exchanges, including the world’s largest exchange, Malta-based Binance. FunFair’s FUN token reported trading volumes in excess of $8m over the past week alone.

Despite the impressive figures, the values are significantly down on the January 2018 highs, when gambling cryptocurrencies held a combined value in excess of $1.5 billion.

A spokesperson for CryptoGamblingNews.com, the leading portal for news from the crypto gambling sector, said there are early signs of a recovery.

“The 2018 peak was fuelled by speculation, but what we are seeing now is the emergence of a handful of platforms that are finally live and accepting wagers in these cryptocurrencies. The prices have reacted accordingly as demand for the coins increases,” the spokesperson said.

“Gambling remains a key early use case for cryptocurrencies and blockchain technology. We are seeing these projects implementing some fantastic features that are simply not possible with fiat currencies, such as provably fair games, full decentralization and near-instantaneous withdrawals.”

Gambling-focused cryptocurrencies are distinct from the broader crypto gambling sector, where Bitcoin remains dominant.

By some estimates, around half of all Bitcoin transactions are gambling related, with billions of dollars’ worth of Bitcoin gambled each year.

The majority of the sports betting sites listed on the review service TurboLuck.com offer Bitcoin as a banking method. These sportsbooks appeal to players around the world; in fact, the fastest growing sports betting market is the United States, where local laws relegate many American bettors to offshore sports betting sites. Further, the largest sportsbook market is the Asia-Pacific region, which places almost half of the world’s sports wagers. And currently, the estimated value of the international sportsbook market is over $250 billion, much of which is spent at overseas websites. When compared to centralized currencies, international bettors using Bitcoin can more quickly, securely, and anonymously send and receive money to offshore sportsbooks.

However, while Bitcoin operates simply as an alternative payment method, projects such as FunFair, Wagerr and Edgeless have built entire platforms upon blockchain technology.

CryptoGamblingNews.com is the world’s leading portal for crypto gambling, visited by thousands of industry professionals, crypto traders and players every month.

 

About CryptoGamblingNews.com:

CryptoGamblingNews.com is the world’s leading portal for crypto gambling, visited by thousands of industry professionals, crypto traders and players every month.

Cryptocurrency

COVID-19: Health Workers Battle Amidst Shortage, Crypto-Community Steps Up to Help

George Miller

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COVID-19: Health Workers Battle Amidst Shortage, Crypto-Community Steps Up to Help
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The numbers keep rising.

In the 3 months since it was first detected, the novel coronavirus (COVID-19) has infected upwards of 725,000 people all around the world, claiming over 34,000 lives, and counting.

Amidst this global pandemic, healthcare workers are selflessly working around the clock to treat the infected and to contain and prevent the spread of COVID-19. They are our first line of defense in the battle against the virus.

However, this fight is slowly and steadily turning into a “war with no ammo”.

A Critical Shortage of Equipment

Doctors, nurses, and medical workers are reporting a lack of protective gear, including proper masks, medical gowns, and eye gear that serve to protect them from contracting the infection and in turn, spreading it to their families and others.

The situation is dire: hundreds of healthcare workers have been forced into quarantine in the US as the virus gains in strength every single day. Nearly 10% of Italy’s COVID-19 cases are healthcare workers themselves.

However, they still keep fighting the pandemic so that we can stay safe at home. And while at home, some of us are coming up with “novel” ways to support them:

The Crypto-Community Steps Up

FreeBitco.in, a leading bitcoin gaming website and free bitcoin faucet, is spearheading an initiative called the “#ThankYouHealthWorkers” campaign.

On Tuesday, 31st March, between 13:00 – 16:00 UTC, the campaign goes live on their website. FreeBitco.in will donate 20% of the House Edge Revenue earned during the 3-hour donation window to the coronavirus relief fund.

If you’d like to support the masked heroes on the frontlines too, follow the steps given below:

  1. Head over to FreeBitco.in
  2. Create an account in seconds
  3. Click on Multiply BTC
  4. Play the Bitcoin Dice game between 13:00 – 16:00 UTC on 31st March
  5. FreeBitco.in will donate 20% of the house edge revenue earned

The proceeds from this fundraiser will be donated to Direct Relief, an organization that is “coordinating with public health authorities, nonprofit organizations and businesses in the U.S. to provide personal protective equipment and other items to health workers responding to Corona (COVID-19).”

“Anything we do is negligible compared to the sacrifice made by the healthcare workers during this pandemic,” said “wetsuit”, the founder of FreeBitco.in. “We urge the crypto-community to come together and support the #thankyouhealthworkers campaign.”

The threat is real, but so is the sacrifice. Stay home, stay safe, and join the cause by contributing to COVID-19 relief for healthcare workers. Share this article with as many people as you can with the hashtag #ThankYouHealthWorkers. If all of us band together, we could turn the tide against the coronavirus in no time.

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Blockchain

Investor Procedures On Swap, Consolidation And Staking Options

George Miller

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Investor Procedures On Swap, Consolidation And Staking Options
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 As announced on March 8th, 2020, Quanta is now ready to release the set of procedures to investors.

Swap into QNTX and Choose Staking Option
If you hold QNTU tokens and wish to either swap and/or stake them, do not sell your QNTU tokens thru your Crypto Exchange by May 1st, 2020. Use these steps to swap into new QNTX tokens prior to May 1st, 2020 at the ratio of 20,000 QNTU for 1 QNTX but note that these tokens cannot be redeemed until September 2020 or thereafter. Staking bonus and maturity will be 100% for 2Y, 50% for 1Y, 25% for 6M, 15% for 3M and 10% for 1M. Know Your Customer (KYC) will be performed before new QNTX tokens will be released for trading on or after September 1st, 2020.

Steps

  1. Go to http://swap.quantapay.io/
  2. Choose language by clicking country flag for ENG/JP
  3. Register for new account or login as existing account holders
  4. Complete registration details
  5. Login with your email address and password
  6. Transfer your QNTU tokens to your new wallet address no later than May 1st, 2020
  7. Choose to only swap or to swap & stake for different maturity to receive token bonus
  8. Receive new QNTX tokens after KYC and token issuance
  9. Trade QNTX on or after listing date of September 1st, 2020

If you’re encountering problems or have any queries, you may contact Quanta token support group at [email protected]

No Swap or Staking
If you do not wish to swap and/or stake, please sell your QNTU tokens thru your Crypto Exchange no later than final trading date of May 1st, 2020. If you sell your QNTU tokens, you will not receive any QNTX tokens and no staking benefits.

Royalties
Wallet addresses are being compiled for eligible token holders who will receive their ETH royalty payments in June 2020.

 

About Quanta:
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.

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Cryptocurrency

Kronoverse to Forge New Paths in the esports Industry Through Partnership with ESL

George Miller

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Kronoverse to Forge New Paths in the esports Industry Through Partnership with ESL
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Kronoverse Inc., today announced a partnership with the world’s largest esports company, ESL, to develop and scale Kronoverse’s upcoming CryptoFights game and the entire Kronoverse gaming platform.

“ESL knows what it takes to succeed in the ever-growing esports industry as the oldest and most successful esports company in the world,” says Adam Kling, CEO and founder of Kronoverse. “We’re confident our partnership with ESL will enable us to fully develop the Kronoverse platform. This includes everything from attracting more indie game developers to solving problems in competitive gaming such as cheating.”

ESL will serve as a strategic partner and facilitator in Kronoverse’s growth. Kronoverse was created by Kling when he recognized the power of the blockchain and how it can be used in gaming to solve problems in the gaming industry. Kronoverse seeks to elevate the esports industry through native cash tournaments, better game integrity, true item ownership, more game choices, and transparent network analytics.

As a gaming platform, Kronoverse will benefit greatly from ESL’s history of providing the best experiences for competitive players. ESL understands what it takes to put on the greatest competitions for esports athletes like hosting ESL One Cologne, the most successful CS:GO tournament in the world.

Kronoverse’s partnership with ESL opens up a new world of possibilities to forge new frontiers in the wild west of esports. This is possible thanks to ESL’s experience and dedication to competitive gaming for nearly two decades. As exemplified by building VR esports from the ground up, ESL has proven its ability to evolve with new technologies while consistently providing the best esports stages and competitions for gamers.

“We’re excited to move forward with ESL because we share the vision of creating opportunities for progression and participation in the esports industry,” said Kling of Kronoverse’s development partnership with ESL.

 

About Kronoverse

Founded in 2018, the Kronoverse platform is creating a new world of competitive gaming by combining blockchain technology with online gaming. Built on Bitcoin SV, Kronoverse is a monetization & technology platform that helps game developers thrive in the fast-growing esports industry. Kronoverse is developing unique solutions for the esports industry related to game integrity, permanent match playback, player audit trails, and player screening to create a new form of competition that makes esports more accessible for gamers around the world. In January 2020, Kronoverse completed its second round of beta testing for its first game CryptoFights, a skill-based strategy fighting game.

About ESL

ESL is the world’s largest esports company. Founded in 2000, ESL has been shaping the industry across the most popular video games with numerous online and offline esports competitions. The company operates high profile, branded international leagues and tournaments under the ESL Pro Tour including ESL One, Intel® Extreme Masters, ESL Pro League, and other premier stadium-size tournaments, to more clearly define the path from zero to hero. ESL also produces the ESL National Championships, grassroots amateur cups, and matchmaking systems, creating a world where everybody can be somebody. With offices all over the world, ESL is leading esports innovation on a global scale through the combination of global ESL competitions, amateur leagues, publisher activations, and more. ESL is a part of MTG, the leading international digital entertainment group. about.eslgaming.com

 

SOURCE Kronoverse

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