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Sportsbet.io set for record 20,000 Bitcoin World Cup turnover

George Miller

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Sportsbet.io set for record 20,000 Bitcoin World Cup turnover
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€100 million tournament turnover would be biggest return in crypto betting history

 

28th June, 2018 – Sportsbet.io is predicting record turnover of more than 20,000 Bitcoin (€100 million) in World Cup bets on its leading Bitcoin-led sportsbook after taking more than 9000 BTC (€46m) at the halfway stage of the tournament.

With the tournament on the verge of the knockout stages with 44 games played and 20 to go including several crunch group fixtures, Sportsbet.io continues to be a hive of activity with crypto punters backing their respective nations in their droves.

This year’s tournament is the first to allow global customers to bet on football using both cryptocurrency and fiat money on the site across several denominations including euros.  Sportsbet.io customers are relishing the opportunity with the sportsbook offering a huge selection of markets to suit every player’s tastes, plus the extensive World Cup offering which includes daily bet boosts, outright and casino offers.

Sportsbet.io has multiple winners Brazil and Spain, the silky-skilled masters of tiki-taka soccer, down as joint favourites to lift the coveted gold trophy in two weeks’ time.

Brazil, Spain and Germany dominate the outrights market and are the three best backed nations with crypto punters. Almost 50% of the money has so far been placed on the joint favourites with Germany in third place with just under 10% of total outright bets.

Pre-live singles bets have been the most popular according to Sportsbet.io traders, with Germany versus Sweden, Brazil versus Switzerland and this week’s controversial VAR Group B decider pitting Iran against Portugal, the three most backed matches in the tournament so far.

Sportsbet.io’s Asian handicap markets and new cash out function have also proven extremely popular among bettors. Belgium versus Tunisia saw the biggest World Cup win so far, the lucky bettor seized the opportunity with a handicap bet of -1.5 and came away with a cool win of €178,749.

Joe McCallum, Director of sportsbook at Sportsbet.io, said: “This tournament has been way above our expectations both in terms of the nail-biting action and VAR controversy on the pitch and how quickly customers are taking to betting in Bitcoin across the site.

“This is the first crypto betting World Cup, and if the first half of the tournament is anything to go by then we are expecting even more pulse-racing excitement in the weeks to come.”

 

 

About Sportsbet.io:

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is a leading bitcoin-led sportsbook operator.

Sportsbet.io has an expansive, quality betting product across all major sports and eSports, offering more than 350,000 pre-match events per year, as well as comprehensive in-play content. It also provides innovative markets such as player prop bets for soccer, American football and basketball, and is the only bitcoin-led sportsbook to provide live streaming across all major sports.

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry.

For more information about Sportsbet.io, please visit https://sportsbet.io

 

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Cryptocurrency

FunFair launches pioneering wallet solution across partner brands

George Miller

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FunFair launches pioneering wallet solution across partner brands
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CasinoFair and CryptoCasino to benefit from ‘any device, any browser’ wallet and updated user interface

FunFair Technologies, the market-leading decentralised casino provider, has launched a pioneering new crypto wallet and updated user interface which now supports any browser and any device.

The new ERC20, non-custodial FunFair Wallet has been developed specifically to provide a seamless user experience for existing and new players gambling with FUN across its CasinoFair and Crypto Casino brands, marking a significant step forward in the name of blockchain mass adoption.

Blockchain projects have so far struggled with onboarding friction due to complicated funding mechanisms, security features which differ significantly to mainstream offerings and a lack of usability on mobile devices and certain browsers.

The FunFair Wallet addresses these issues with the introduction of more identifiable sign-up processes and security features, while most importantly ensuring the wallet can run on any browser and any device without the need for any third-party plug-ins or apps.

CasinoFair and Crypto Casino players will also engage with a far more immersive, social and Guaranteed Fair casino experience with an updated front-end, offering more intuitive access to their favourite casino games coupled with the most generous and varied promotions in blockchain casino.

Jez San, CEO at FunFair Technologies, said: “Since launch, we’ve maintained our position as the most progressive blockchain casino provider and the launch of the bespoke FunFair Wallet and second generation platform interface will confirm this position as we strive for mass adoption.

“Onboarding has been a struggle across the wider decentralised sector but our new wallet, built specifically for use at our partner casinos, will fix this immediately with a seamless, recognisable sign-up process, straightforward security features and simple crypto funding choices.”

FunFair’s first live casino brand, CasinoFair, has also relaunched its brand identity in-line with the new wallet and UI. It now features a more vibrant and progressive aesthetic which is expected to appeal to the millennial blockchain audience, while also staying true to its ‘Famous for Fairness’ foundations which underpin every aspect of its gaming experience.

 

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Asia

Iranian Government Proposes for New Cryptocurrency Mining Regulations

Niji Narayan

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Iranian Government Proposes for New Cryptocurrency Mining Regulations
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The Cabinet of Iran has proposed for new cryptocurrency mining regulations in Iran, which include annual licensing for cryptocurrency miners.

Based on the proposal, licensed and registered cryptocurrency miners will be required to submit information such as their list of business activities, the predicted value of their investments, current employment status, rental agreements for the space itself, value of their mining equipment and the duration of the mining project. The license will need to be renewed every year.

The Iranian mining industry has grown dramatically over the past two years. One anonymous source in Tehran told CoinDesk that most miners he knows are “under the radar” and import equipment through the black market, without paying taxes.

The Central Bank of Iran finally recognised the grassroots industry and promised a lawful licensing procedure in July 2019. The pending proposal was approved by Reza Rahmani, Iran’s Minister of Industry, Mine and Trade. The Iranian mining licenses would only apply to miners with equipment that requires 30 kilowatts, which might exclude homemade mining equipment or small operations.

“It’s obvious that the power industry here in Iran, it’s not a private business, it’s from the government. They need to figure out how to balance mining [operations] so that they wouldn’t harm the power grid. If there’s a constant, a continuous consumption of electricity you can also make new power plants or assign power plants to this,” an anonymous source said.

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Cryptocurrency

Facebook to Launch Libra Digital Cryptocurrency in 2020

Niji Narayan

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Facebook to Launch Libra Digital Cryptocurrency in 2020
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Facebook is planning to launch its Libra digital cryptocurrency in 2020. A Facebook executive told that the company presses ahead despite authorities around the world pouring cold water on the plans.

Since Facebook unveiled its plans in June, its proposed cryptocurrency has met with regulatory and political scepticism, with France and Germany pledging to block Libra from operating in Europe.

“The goal is still to launch Libra next year. Until then, we’ll need to address all questions adequately, create a suitable regulatory environment,” Facebook’s David Marcus said.

Libra will be backed by a reserve of real-world assets, including bank deposits and short-term government securities and overseen by a 28-member organisation.

Marcus said it was unlikely Libra coins would become a means of payment for regular real-world transactions in countries like Switzerland, Germany or France, but would rather be used for cross-border payments or for settling very small sums.

“It’s unlikely in any case the people will pay for an espresso in Switzerland, Germany or France with Libra in the future,” Marcus said.

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