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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

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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