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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

Are Bitcoin Casinos The Future Of Online Betting?

George Miller

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Are Bitcoin Casinos The Future Of Online Betting?
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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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Bitcoin

Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020

George Miller

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Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale of the Atari Token (ATRI).

Atari is evolving and envisioning a new mission to conquer the crypto space by creating a token to power the videogame industry, enabling access to as many platforms and users as possible via atarichain.com, the Atari wallet and more generally the creation of a blockchain-based ecosystem around the Atari brand.

Atari’s objective is to progressively develop the adoption and the use cases of the Atari Token throughout the ecosystem. The Atari Group has recently entered into many partnership agreements to progressively develop the adoption and the use cases of the Atari Token. The first use cases are in the domains where the Group is already active: video games or blockchain games, with objectives to expand into DeFi for game financing. The list of such partnerships is available at www.atarichain.com.

The Atari Token is issued by Atari Chain, Ltd (Gibraltar). For more information about the Atri Token, please visit www.atarichain.com.

Prospective purchasers of the Atari Token can already register and proceed with KYC/AML procedures, using the registration page set up on the Bitcoin.com Exchange IEO platform here.

Details of the Upcoming Public Sale

  • Token Name: Atari Token (ATRI)

  • Token Type: ERC-20

  • Public Sale Date: October 29, 2020

  • Offered Price for 1 ATRI: $0.25

  • Hard Cap: $1,000,000 (one million US dollars)

  • Circulating Supply before the public sale: 68.7 million ATRITokens

  • Valuation of the Circulating Supply before the public sale, based on the Offered Price for 1 ATRI: $17.2 million

For more information, please visit the Bitcoin.com IEO platform here.

With the upcoming IEO, Atari and Bitcoin.com Exchange will coordinate educational and mass awareness campaigns via AMAs, direct interviews, guides, media casts and all other applicable means or direct, and indirect marketing.

“Teaming up with Bitcoin.com was a natural choice for Atari” said Frédéric Chesnais, CEO of Atari Chain. “Both teams are working hand in hand to reach mass adoption of the Atari Token, with a goal of delivering the ultimate experience in the video game and interactive entertainment industry”.

“The upcoming launch of Atari Token’s public sale has got the team and I ecstatic” said Danish Chaudhry, Head of Bitcoin.com Exchange. “The launch of the IEO platform supplies both teams with a foundation to push marketing efforts across the industry. The platform provides all the necessary details for our community to understand more about the Atari Token, while also giving traders the ability to pass KYC before the public sale, for a speedier process once live.”

Be Part of the Progress 

Bitcoin.com Exchange has initiated the process by opening a portal where users will be able to go through KYC/AML verification before the token sale to take place in November. Kindly click the link below to start your journey with Atarichain’s public sale, and pass through all the necessary requirements to get your account ready for the IEO.

What is a public sale/IEO?

In brief, an Initial Exchange Offering, commonly referred to as an IEO, is a fundraising event that is administered by an exchange. In contrast to an Initial Coin Offering (ICO) where the project team themselves conduct the fundraising, an Initial Exchange Offering means that the fundraising will be conducted on a well-known exchange’s fundraising platform, similar to the upcoming Bitcoin.com Exchange Launchpad, where users can purchase tokens with funds directly from their own exchange wallet.

About Bitcoin.com Exchange:

The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.

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Bitcoin

Bitcoin betting exchange Exbet launches

George Miller

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Bitcoin betting exchange Exbet launches
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Exbet, the new bitcoin sports betting exchange, is now live at exbet.io, welcoming new players with an industry-beating commission rate and pre-match liquidity from launch.

Dubbed ‘Betfair for Bitcoin’, Exbet is the first full-featured and licensed betting exchange to use the popular cryptocurrency as its native payment option.

It launches with a one percent flat rate commission, significantly undercutting rival exchanges.

Users can trade across all major soccer leagues, NFL, and cricket’s IPL, with additional sports and leagues, including the NBA, to be added in 2020 and beyond. Much like sites such as CryptoCasinos.com, that allows players to do the same for casino games.

Exbet also provides API integration for algorithmic trading and third-party tools, and is already seeing encouraging pre-match liquidity on its markets.

David Evans, Exbet COO, said: “With the sporting calendar back on track, we are thrilled to launch Exbet, the world’s first fully-featured and licensed Bitcoin betting exchange. Betting exchange users have, for too long, been neglected by a handful of operators more focused on short-term gains than the long-term health of the vertical.

“We see considerable opportunities at the intersection of blockchain and betting exchanges, with many cryptocurrency users already familiar with exchange mechanics.

“This new audience, combined with a growing number of exchange veterans and market makers switching to Bitcoin for our low commission rate, means we can offer strong pre-match liquidity immediately.”

The launch of Exbet will be supported by a range of marketing activities over the coming months, as the platform looks to build in-play liquidity.

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