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Cloudbet Launches Second Major Stablecoin With USDC

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Cloudbet Launches Second Major Stablecoin With USDC
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Cloudbet, the pioneering crypto sportsbook and casino, has added USD Coin to the portfolio of coins available to customers, marking the operator’s second major stablecoin integration after launching USD Tether in May.

New players who deposit USDC with Cloudbet are eligible for a welcome bonus worth up to 1000 USDC. Customers can buy the coin on the site with their credit cards or Apple Pay.

With the integration of USDC and USDT, Cloudbet now supports the biggest coins in the stablecoin universe, with a combined market value of US$18 billion. For crypto gaming, stablecoins have been put forward as a solution for players seeking to protect the value of their cryptocurrency winnings from the extreme fluctuations in price experienced by holders of non-stablecoins.

As with USDT, because USDC’s value is fixed on a 1-to-1 basis with the US dollar, the fiat value of winnings of the coin does not fluctuate along with cryptocurrency market prices. For this reason, stablecoins have been offered up as the key to convincing a more fiat-friendly audience to experience the benefits of cryptocurrency gaming.

“Since launch, a fundamental part of our philosophy has been about empowering players with technologies that solve their problems,” a Cloudbet spokesperson said. “Stablecoins are an extension of that.”

Cloudbet supports USDC on the Ethereum blockchain. The coin was introduced by the Centre Consortium, an organization co-founded by Coinbase and Circle, in part to provide a governance framework and network for the mainstream adoption of fiat-backed stablecoins.

The new coin amplifies what’s on offer at Cloudbet for players seeking the best odds and highest limits for crypto betting from the comfort of their homes or on the go. Since it relaunched its website in April, the operator has unveiled a swathe of bold new features to attract a more diverse audience, including esports, politics betting, and easy credit-card coin purchases.

Founded in 2013, Cloudbet is one of the world’s longest established bitcoin betting operators. The site also accepts ethereum and bitcoin cash, with more coins slated for release this year, the spokesperson said.

The operator grabbed the attention of industry observers in June with an ambitious English Premier League campaign, under which its sportsbook charged no margin on pre-match bets for all games left in the season. That allowed customers to access the fairest prices — and therefore the highest returns — in the market.

The campaign was an extension of Cloudbet’s long-standing “best odds” campaigns on sports including soccer, basketball and tennis.

Cryptocurrency

Fnatic and Crypto.com enter historic partnership

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Fnatic and Crypto.com enter historic partnership
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London-based global esports performance brand Fnatic has today revealed Crypto. com, the fastest-growing crypto platform with more than 10 million users worldwide, as its inaugural Global Cryptocurrency Partner. The multi-year deal is worth more than $15M.

The partnership is Crypto. com’s first-ever in esports and adds to the company’s rapidly expanding portfolio of partners, which includes leading sports brands such as UFC, Formula 1®, Lega Serie A, Aston Martin Cognizant Formula 1, the Montreal Canadiens and Paris Saint-Germain. The historic deal will enable Crypto. com to seamlessly engage with Fnatic’s truly global and digitally-native audience.

The multi-faceted partnership will see Crypto. com’s logo featured on the collarbone of Fnatic team jerseys. Fnatic will also offer fans numerous rewards and money-can’t-buy experiences – including with existing Crypto. com partners – for Crypto. com users purchasing Fnatic goods. The partners will also launch new digital products, such as exclusive Fnatic NFTs in the near future.

Crypto. com will work with Fnatic on a variety of activations with Fnatic’s esports teams, players and creators including collaborative storytelling with existing Crypto. com partners, engaging gaming content, branded in-game experiences and physical events. To help its fans further understand cryptocurrency and future-proof their decisions, Fnatic will also offer financial literacy and crypto education opportunities for those that are new to cryptocurrencies and NFTs.

Fnatic CEO, Sam Mathews, said: “This partnership sees global leaders in esports and cryptocurrency join forces for a ground-breaking, long-term partnership. Fnatic boasts one of the most connected, involved and supportive fan bases in the world and this landmark deal with Crypto. com allows us to further cater to their everyday needs. As cryptocurrency becomes a mainstream payment method, there’s never been a better time to help our fans make smarter, healthier and future-proof cryptocurrency decisions.

Kris Marszalek, Co-Founder and CEO of Crypto. com, said: “We’re really excited to launch a fully integrated partnership with Fnatic, which marks a milestone for our industry. With more than 200 championships, their team has excelled in-game and out, and rightfully established itself as the leading team in esports.”

As well as having 10 million customers worldwide, Crypto. com also boasts the world’s most popular crypto card, which is available in more than 30 countries around the world. It is also a top ten finance app on both the App Store and Google Play. Earlier this year, Crypto. com also announced its ambition to become carbon negative within 18 months, offering the industry a path and a model for ‘clean crypto’.

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Cryptocurrency

BITCASINO AND EVIL GENIUSES LAUNCH FIRST CRYPTO-BASED DIGITAL GAMING PARTNERSHIP IN ESPORTS HISTORY

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BITCASINO AND EVIL GENIUSES LAUNCH FIRST CRYPTO-BASED DIGITAL GAMING PARTNERSHIP IN ESPORTS HISTORY
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Jersey Patch Partnership Features Multiple Facets Across EG’s DOTA 2, Counter-Strike, FGC and Creator Rosters 

  Yesterday, it was announced that crypto pioneer Bitcasino, a leading bitcoin-led casino operator, has partnered with Evil Geniuses (EG), one of the original and most iconic professional esports organizations in the world. Bitcasino, part of Yolo Group, merges cryptocurrency with a digital gaming experience by offering an assortment of games and entertainment. As the first crypto-based digital gaming partnership in esports history, Bitcasino will be showcased across a number of EG facets including the Evil Geniuses DOTA 2, Counter-Strike, FGC and Creator rosters.  

“We love Evil Geniuses’ passion and forward-thinking approach to everything they do,” Head of Bitcasino Kaupo Kangro said. “They have been changing the game for more than 20 years, which is why they make the perfect partner for Bitcasino. They’re true pioneers who share our values for fun, fast and fair gaming. It’s an honour to see the Bitcasino logo on the EG jersey, and we’re excited about the great content that we will be partnering on for Evil Geniuses fans around the world.” 

Starting later this week with the Blast Premier Fall Showdown, EG players will wear new jerseys that feature the Bitcasino logo on their right sleeve. 

“Evil Geniuses has always been a trailblazer within esports and bringing on a pioneer in their industry like Bitcasino, EG continues our commitment to engage our fans in new and innovative ways,” said Brian Millman, Director of Corporate Partnerships at Evil Geniuses.

The partnership also features CS:GO programming including a custom created map featuring familiar B-Site locations where players will race against the clock in mobility obstacles and accuracy challenges. The challenge course was specially designed for Bitcasino and tested by EG pro and content creator Tarik Celik. Fans can participate in the fun, too, by downloading the map via Steam.

In addition, the partnership will feature a content series headlined by EG CS:GO and DOTA 2 players, fans will submit videos of their play, either best or funniest moments for EG pros to guess what comes next at key moments. The content series that will be shared on social media will feature various EG pros providing unique commentary on fan behavior. 

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Compliance Updates

Ukrainian Parliament Passes Law Legalising Cryptocurrencies

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A draft law legalising and regulating cryptocurrencies and other virtual assets like tokens in Ukraine has passed the parliament in the second reading on September 8. A total of 276 Ukrainian lawmakers voted for the bill.

Cryptocurrencies have been neither legal nor forbidden in Ukraine because there were no laws that defined them. Ukrainians could buy and exchange virtual currencies, but local courts could not protect them if something went wrong.

If signed by President Volodymyr Zelensky, the law will protect the owners of virtual assets and exchange platforms from fraud. It will also determine how Ukraine will regulate the cryptocurrency market in the future.

Cryptocurrency is hugely popular among Ukrainians — the daily turnover of virtual assets in the country accounts for $37,000, according to Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation. If cryptocurrency becomes legal and therefore safer, more Ukrainians will invest in it, Fedorov said.

“Only a few countries in the world have legalized crypto assets — Germany, Luxembourg, Singapore. Ukraine will be one of them,” he added.

Recognising cryptocurrency is vital for the booming industry, experts said. “It will reduce stereotypical attitudes towards cryptocurrencies and will help them to become normal financial instruments,” according to Oleg Kurchenko, CEO of virtual asset exchange platform Binaryx.

However, experts are worried that too many rules could stifle innovation and put pressure on businesses. Some crypto investors could leave the country because they do not trust state initiatives, Kurchenko said.

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