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Cashbet signs exclusive landmark agreement with Cryptomillionslotto

George Miller

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Cashbet signs exclusive landmark agreement with Cryptomillionslotto
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CashBet Coin is the only token to be used on the world’s largest crypto lottery

 

LONDON, UK. – June 28, 2018 – CashBet and CryptoMillionsLotto proudly announce a landmark agreement to allow holders of CashBet Coin to play on the world’s largest.

This agreement extends the utility of CashBet Coin to a truly global gaming crypto business, and delivers on CashBet’s promise that its coin will become the payment method of choice for crypto gaming worldwide.

CryptoMillionsLotto is based on AfroMillionsLotto, an established business, which operates more than 30 lottos for football clubs and charities across Africa. The vision behind CryptoMillionsLotto was to welcome the wider crypto community around the world to play lottery, and to encourage crypto adoption amongst a broader audience. As most of the systems and capabilities are already in place, CryptoMillionsLotto has a very short development roadmap and is expected to launch this summer.

We are excited to name CashBet Coin as the exclusive token to be accepted on the CryptoMillionsLotto platform. We see the validity their token offers globally, and we know it will complement what we are doing with CryptoMillionsLotto,” said Sulim Malook, founder of CryptoMillionsLotto.

CryptoMillionsLotto allows players to place cryptocurrency bets on the outcome of the German National Lottery draws from wherever they are located and where online gaming is allowed. All jackpots are fully insured by a UK Lloyds of London FCA regulated insurance broker.

Dr. Mike Reaves, CEO and co-founder of CashBet, said: “We are delighted to add CryptoMillionsLotto to our growing ecosystem of gaming partners around the world. As a fully licensed business, CryptoMillionsLotto will allow CashBet Coin holders to play lottery games with the chance to win life-changing real money prizes.

Further announcements to follow in due course.

 

 

About CashBet:

Founded in 2012, and based in California, CashBet is a leading mobile-first iGaming platform provider and turnkey operator. CashBet’s platform empowers real-money, social, and skill-based gaming apps and websites worldwide. Some of the most unique, diverse and compelling games are “Powered by CashBet”. CashBet’s exclusive cryptocurrency, CashBet Coin, is designed to improve the iGaming player experience through improved trust, speed, cost, content and access. CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission. For more information, please visit www.cashbet.com.

 

About CryptoMillionsLotto:

CryptoMillionsLotto offers prizes comparable to State and National lotteries in the US and Europe, surpassing all existing cryptocurrency lotteries combined. It is not constrained by borders and open to players from across the world wherever online gambling is not prohibited.

CryptoMillionsLotto will be initially selling 25,000,000 ERC20 Ethereum tokens priced at USD 2.50 to launch its lotto. Its crowdsale began on 18 June and runs through to 30 July. Token buyers will also receive free publicly traded shares in the parent company. Form D has been filed in the US with the Securities & Exchange Commission under Rule 506 (c) of Regulation D of the Securities Act of 1933 so that accredited investors may purchase tokens.

For more information, please visit www.cryptomillionslotto.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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