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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

How the Blockchain Technology is going to change the world’s shipping industry?

George Miller

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How the Blockchain Technology is going to change the world’s shipping industry?
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Like in many other industries from oil tankers to cryptocurrencies the key is none other than blockchain, which is an electronic ledger system that is allowing the transactions for verifying autonomously. The benefits from this technology is not confined only for shipping, however, but for improving communications and border administration and that is resulting in generating an additional $1 trillion in global trade, as per the World Economic Forum.

For the purpose of moving the goods, when a cargo owner books space on a ship, then the shipping paper trail begins. It is must and should for the documents for filling and approving before cargo could be able to enter or leave a port. A single shipment is required with a several hundreds of pages, that are needed for the sake of being physically delivered for dozens of different agencies, banks bureaus and other entities. The paperwork and the processes are really important for global trade and are even deemed as one of its biggest burdens. Blockchain enables the real time tracking of its cargo and documents.

What are the financial areas that the Blockchain tranform?

Totally the media is transformed by the digital revolution.

There are six major financial areas that are going to be transformed by the Blockchain. They are as follows:

[01.] Cross Border Transaction Infrastructure.

[02.] Digital Assets classified As a Type of Asset.

[03.] Governance And Markets.

[04.] Regulatory Reporting And Compliance.

[05.] Clearing And Settlement.

[06.] Accounting And Auditing.

When majority of databases are snapshots of a moment in time, Blockchain databases are built from their own transaction history. They are a history of itself, a database with context, a self contained system or record. In fact, the implications for auditing and accounting are profound. Most popularly bitcoins are used in the online gambling industry, there are several bitcoin casinos accepting wide range of cryptocurrencies. Today, most of the players prefer to play games at bitcoin casinos.

Bitcoin-Infographic

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Asia

China cracks its first cryptocurrency gambling racket

Niji Ng

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China cracks its first cryptocurrency gambling racket
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The Chinese police has cracked a gambling ring that uses an illegal cryptocurrency for betting on World Cup matches. The company got bets worth US$1.5 billion in cryptocurrency. This is believed to be the first ever cryptocurrency-based betting ring in the country.

The Guangdong Provincial Public Security Department released a statement late last week announcing that police had arrested six people suspected of running the syndicate, which operated on the dark web and attracted around 330,000 users. All bets were placed using digital currencies.

According to the statement, around 5 million yuan in cash and 10 million yuan in cryptocurrencies have been seised.

Discovery of the cryptocurrency ring formed part of a broader operation by Chinese police against illegal World Cup betting, with the Guangdong Provincial Public Security Department revealing it has arrested more than 540 people suspected of being involved in online gambling rings, shut down more than 70 gambling apps and websites and seized more than 260 million yuan in funds during the Russia World Cup.

Police said they had organized a series of 21 raids in locations such as Guangdong, Guangxi and Sichuan as part of a coordinated operation.

“The online gambling crime gangs were closely organized, with a mostly pyramid-style organizational structure, recruiting agents at various levels, developing members at various levels and profiting from the middle members’ betting amount,” police explained.

The websites also utilized familiar casino names such as “Crown” and “New Lisboa” to attract customers.

Only last week Chinese social media giant Tencent announced that it had shut down 50,000 accounts on its hugely popular WeChat app for involvement in illegal gambling activities.

However, Guangdong police described the discovery of the cryptocurrency ring as unique due to it being “the first case of using bitcoin for online gambling” and “the most representative of new online gambling cases.”

 

Source: asgam.com

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Cryptocurrency

Cryptocurrency-based Company Change Launches Bitcoin App With No Trading Fees

George Miller

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Cryptocurrency-based Company Change Launches Bitcoin App With No Trading Fees
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TALLINN, Estonia, July 18, 2018  — Change, a Singaporean-founded company based in Estonia has launched a mobile application for buying and converting between different virtual assets with zero commission fees.

As cryptocurrencies become mainstream, consumers look for options to add the novelty asset class to their portfolios. Unfortunately, this is often an expensive endeavor, as most cryptocurrency brokers and exchanges charge buying fees that can go up to 5%.

The app currently supports Bitcoin, Ether, Ripple, Litecoin, and Tether, and is available for iOS and Android, to residents of the European Economic Area, under the name of “Change Wallet”.

According to a survey by ING launched in June, two in three individuals in Europe have heard of cryptocurrencies. Although only 9% of Europeans own cryptocurrencies, 25% plan on owning some in the future.

On a live interview with  BBC World News, Change’s CEO Kristjan Kangro has said cryptocurrencies will soon be used just as much as traditional currencies by the masses when paying for good and services.

“I’m backing this project because I think it’s got an extremely great future, and I see that Change is going to have challenges going forward. I have no doubt that this business is going to thrive and grow globally over the coming years.” – Roger Crook, former CEO of DHL Global Forwarding.

Change has several new product releases slated for roll out in 2018, including a subscription plan for advanced users.

Change is a mobile first cryptocurrency finance platform in Europe. Following one of Asia’s largest ever crowdfunded raises, Change now allows customers to buy and convert cryptocurrencies such as Bitcoin, Ether, and Ripple with zero fees.

 

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