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Putin Signs Bill on Digital financial Assets into Law

Niji Narayan

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Putin Signs Bill on Digital financial Assets into Law
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Russian President Vladimir Putin has signed the bill on Digital financial assets into law. The law recognises the existence of bitcoin, tokens and other digital assets. However, it does not remove restrictions to allow individuals to use cryptocurrency as a legal tender.

According to the new rule, due to come into force in January 2021, Russian citizens will be allowed to buy and sell bitcoin and other digital denominations. Until now, various cryptocurrencies have been in a “grey zone,” as the state did not recognise their existence, but no penalties for mining or buying them existed either.

The law does not give cryptocurrencies the same rights that the ruble or any other fiat currencies have. After the new law comes into force, it will still be impossible for individuals to use digital currencies as legal tender in Russia. Only financial organisations hand-picked by the Central Bank, as well as stock exchanges, will be able to do so.

“Cryptocurrency is described by lawmakers as a means of payment and a means of saving, as an investment, but it can’t be used to pay for goods and services in Russia,” Anatoly Aksakov, head of the State Duma Committee on the Financial Market, said.

Bitcoin

GrooveGaming hit the crypto-jackpot with FortuneJack

George Miller

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GrooveGaming hit the crypto-jackpot with FortuneJack
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Aggregator GrooveGaming, the market-leading content and technology supplier to gaming operators across the globe, has signed a content deal with Bitcoin-specialist operator FortuneJack.

GrooveGaming’s powerful platform includes over 5000 casino games as well as a wealth of aggregated content ranging from slots, online casino and live casino, to poker and table games, that operators can access via easy integration to drive player engagement and revenue.

GrooveGaming continues to expand rapidly on the back of some of the most robust technology in the iGaming industry. GrooveGaming has been recognised as one of the ’10 Best Innovative Technology Solution Providers of 2020′ by IndustryEra, demonstrating that the aggregator’s technology development is being acknowledged not only in the iGaming industry, but also from outside it.

Some of the makers of the world-class games in GrooveGaming’s burgeoning portfolio include Microgaming, BetConstruct, NetEnt, Genesis, Leap Games Studios, Iron Dog, Play’nGo, Betsoft, Playson, Extreme Live Gaming, Merkur, Spinomenal, Habanero and GettaGaming, amongst others, with the company committed to adding new providers every month to the platform thereby driving choice for players and bringing the latest content to partners.

At the heart of Groove Gaming’s expertise is selecting the highest-quality content to differentiate their offering and to drive player engagement for clients. The Groove Gaming team are constantly curating a portfolio of high-profile games, which is then made available to clients as a prebuilt library from which they choose the right regionally-compliant titles for their players.

A major reason why GrooveGaming is becoming the aggregator of choice around the world is that GrooveGaming is powered by technology innovation which provides operators with the ability to activate a range of features that enhance customer experience and engagement, improve retention, encourage extended play and produce a higher yield.

FortuneJack is one of the largest Bitcoin online gambling sites in the world, offering players slots, table games, and live dealer products from a raft of suppliers from around the world. The Bitcoin gambling industry has seen the rapid growth of FortuneJack in recent years, with the brand establishing itself as a robust, community-driven service, offering deposits and withdrawals on major cryptocurrencies including Bitcoin, Litecoin, Dashcoin, Ethereum, Zcash, Dogecoin, BitcoinCash and Monero, amongst others.

Boris Kiknadze, CEO of fortunejack.com said: “Today, FortuneJack is one of the biggest crypto-casinos in the world, and it was natural that we would partner with someone that has robust technology and an established track-record of innovation. We are delighted to sign with GrooveGaming and look forward to a very interesting future together.”

Yahale Meltzer, COO at GrooveGaming said: “We work hard to provide the B2B channel with an intelligent single integration solution to make accessing our content library easy and at margins that make sense. We are delighted to join a fellow pioneer in the industry in the form of FortuneJack and we look forward to being of service to the global bitcoin community together with them.”

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US Election: Win 33 BTC at FreeBitco.in

George Miller

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US Election: Win 33 BTC at FreeBitco.in
Reading Time: 2 minutes

 

After 18 months of campaigning, rallying, and debating, we’re finally there.

The world will watch with bated breath as the US Presidential Election takes place on November 3. Current President Trump goes up against veteran politician and former Vice President Joe Biden in what promises to be a historical election.

While the American people vote for their future, you can bet on it and win a share of a 33 BTC Prize Pool!

Intrigued? Read on to find out more…

The Biggest US Election Bet in Crypto

FreeBitco.in has hosted the US Election bet ever since candidates started campaigning in 2019. Over time, the prize pool ballooned to 33 BTC. And it’s still rising!

With less than 24 hours to go, you can still win a share of that massive prize. Here’s what you have to do:

  1. Create an account on FreeBitco.in.
  2. Collect Free BTC or deposit BTC into FreeBitco.in wallet.
  3. Visit the Betting page.
  4. Locate the bet labeled “USA – PRESIDENTIAL ELECTION 2020 – NEXT PRESIDENT.”
  5. Wager BTC on one of “Joe Biden” or “Donald Trump.”
  6. If you predict right, you’ll get your winnings straight into your FreeBitco.in wallet. Withdraw anytime you like, no strings attached!

Since the new President can only be one of two candidates, you have a 50/50 chance of winning. At the time of writing, Joe Biden will earn you returns of 1.96X while Trump will earn you returns of 1.77X.

There’s no time to be lost. Betting ends at 05:00 UTC on 3rd November. Head over to FreeBitco.in now.

 

About FreeBitco.in

They need no introduction: FreeBitco.in has been an integral part of the crypto-community since 2013. The website was launched with a singular objective: to spread the word about Bitcoin and to facilitate the worldwide adoption of the coin.

With over 37 million registered users and 203,000 bitcoins distributed since its launch, FreeBitco.in is the world’s oldest existing bitcoin faucet and the world’s premier bitcoin gaming platform.

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Are Bitcoin Casinos The Future Of Online Betting?

George Miller

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Are Bitcoin Casinos The Future Of Online Betting?
Reading Time: 2 minutes

 

Bitcoin has been here for more than ten years now. When it was first “invented” way back in 2009, it was more of an underground “currency” rather than formal digital money. Back then, only a few enthusiasts are playing with it, and it barely even had any value. One Bitcoin user back in 2011 even put out 10,000 pieces of BTC for auction for only $60–but no one bought it. The first real-world Bitcoin purchase was for a pizza in exchange for 10,000 BTC.

Now, Bitcoin is widely used by a lot of people, and it is even considered by a lot as this age’s “digital gold.” From being an ignored form of digital currency, it is now widely used in a lot of things: online shopping, trading, and investment, in online gambling through Bitcoin casinos, and a lot of other things.

How does BTC work when it comes to gambling? What are Bitcoin casinos, and how does it work? Is it any different from how existing online casinos right now work? Here are the things that you need to know.

How do Bitcoin casinos work?

A Bitcoin casino is no different from the traditional online casino that you may probably know. It offers mostly a similar set of games that you can find in every online casino. The only difference is that this type of casinos accepts Bitcoin as the ONLY form of payment.

Here are some of the most popular Bitcoin casinos right now:

  • Satoshidice
  • Switch Poker
  • StrikeSapphire
  • Bitzino
  • Bc-casino.com
  • Satoshibet
  • BtcSpiortsBet
  • BitLotto

What makes it very appealing to gamblers?

There are a lot of reasons why a lot of gamblers are opting to go to an online casino that is operating only through BTC. From security to convenience concerns, here are some of the reasons.

Anonymity

A lot of people give so much importance to their online security and privacy, including online gamblers. This is why some people even fall into the terrible mistake of using fake details in signing up for an account, only to end up being suspended if not banned from the site.

One of the security protocols for online betting sites is for its customers to provide verification information. Sometimes, this will be asked right at the start, although some would only require identity verification before the first withdrawal of the customer.

A Bitcoin casino removes all of these. Since all you need is a Bitcoin wallet ID, which is not tied to any personal information about you, you can technically play, deposit, and withdraw without disclosing any personal or financial information.

No transaction fees

Regardless of what payment method you are using–a bank account, a debit or credit card, or an e-money wallet–

What you should know

Although owning Bitcoin is technically recognized as a legal thing for most of the world, it is yet to be recognized as a real currency or legal tender. Most countries, while they consider Bitcoin and other forms of cryptocurrency legal, only see it as property but not legal tender.

When it comes to online betting using Bitcoin, no clear or definitive law outlaws it or even recognizes it as legal. Technically, since Bitcoin is not recognized as legal tender, there may be complications about its legality. However, that matter can be a confusing and complicated one. If you are looking to play in a Bitcoin casino, the best thing to do is to do thorough research on how using cryptocurrency for gambling works and the possible risks that come with it.

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