In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm. 

The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.

What is Bitcoin Halving?

The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block. 

Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.

Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.

Exploring the Impact of Bitcoin Halving on the iGaming Industry

To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.

• Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
• Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
• Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector. 

Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”

Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Booming Games has launched its latest sweet sensation to its collection of engaging slot games – Fruit Heaven Hold and Win™.

Fruit Heaven Hold and Win™ is a deliciously designed 5×3 slot game with 25 paylines, which promises players an exciting experience full of fantastic fruity features and Stacked Wilds.

The excitement ripens when 3 Scatter Symbols land, triggering 8 Free Spins that feature an appealing mix of Majors, Wilds, Scatters, and Value symbols. Also, it takes 6 or more Value Symbols to activate the Hold and Win feature that begins with 3 Re-Spins.

Additionally, Value symbols with multipliers up to 20x that land during the spins, holds the player’s position and reset the Re-Spins back to 3. Plus, Quick Hit Bonuses can award the Mini (25x) or Major (100x) Bonus prizes. Filling all 15-reel positions awards the Grand Bonus of 1000x.

Moritz Blume, Director of Product at Booming Games said: “We are really excited to launch Fruit Heaven Hold and Win™ across our network. It’s a colourful and playful experience, packed full of engaging features.

“We are solely focused on delivering high quality, high impact games and this game is no exception. We can’t wait for our customers to share this with their players and we are confident it will be a huge hit for our Hold and Win series.”

Blueprint Gaming’s latest slot release tasks players to look for the leprechaun’s pot of gold under the water rather than at the end of the rainbow in Plenty O’ Fish, a 6×4 hybrid of sea creatures and shimmering rewards.

Players must look to unlock a tackle box of treasure with a jaunty leprechaun being the key to wins, lurking behind a dynamically coloured underwater background that changes when the bonus game is triggered.

Landing the leprechaun fisherman symbol triggers the Plenty O’ Fish collect feature, where players can reel in cash rewards or one of four exciting jackpots, selecting from major, mega, mini and minor.

Gold coins are also added to the treasure chest when a golden fish appears in view during the base game, with the chest able to close randomly and award a range of modifiers including free spins.

Free spins can also be triggered by landing three or more bonus symbols with instant upgrades awarded by landing gold coins, with any unused upgrades returned when the main game resumes.

Plenty O’ Fish adds further diversity to Blueprint Gaming’s catalogue of games, merging two popular themes to provide more content for all sectors of its growing player base.

“As we look to expand our portfolio, we combined proven themes to align fishing and Irish titles for Plenty O’ Fish; two of the most popular themes the slot sector has ever seen,” the Marketing and Relationships Director for Blueprint Gaming, Jo Purvis, said. “Adding a rich feature set to the crisp animation and catchy soundtrack means we’ve got another fantastic title in our tackle box.

“Players will love the ability to retrigger features, boosting excitement and rewards alongside the free spins to ensure the slot stands apart in a crowded market.”