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Cloudbet’s Bitcoin Wagers Soar A Whopping 600% Thanks to World Cup

George Miller

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Cloudbet’s Bitcoin Wagers Soar A Whopping 600% Thanks to World Cup
Reading Time: 2 minutes

Bitcoin is proving to be a truly global currency for a truly global game, according to figures released by leading crypto sportsbook ​Cloudbet​.

Over the first 10 days of the World Cup in Russia, ​Cloudbet has seen the number of bitcoin and Bitcoin Cash bets soar by 600% from the same period immediately before the start of soccer’s premier competition. The platform has drawn tournament-related wagers from over 100 countries, according to ​Mirio Mella, Cloudbet’s Head of Acquisition.

Established in 2013, Cloudbet is one of the few operators in the crypto-gaming space to offer ​World Cup bitcoin betting ​for a second straight tournament. Aside from the obvious difference in the coin’s price and the phenomenal leaps in adoption since Brazil 2014, the surge in betting firmly underlines that bitcoin betting has come of age in Russia.

Crypto holders are looking to grow their coin stack and add even more excitement to the action,” Mella said. “Drawing so many bets from all over the world ​demonstrates a global acceptance of bitcoin as a convenient and practical medium for betting.

Plenty of new Cloudbet customers will have no doubt been attracted by the generous 6.5mBTC risk-free bet ​currently available for the World Cup. For crypto enthusiasts new to betting or experienced bettors new to crypto, a ​risk-free bet​is the perfect incentive to try bitcoin betting for the first time.

Cloudbet’s reputation as a trustworthy sportsbook is one reason behind its World Cup success, but there are other key factors: the focus on offering, choice of currencies, and the best value odds among bitcoin sportsbooks – with margins of just 2.5%.

The operator also has guaranteed ​World Cup betting limits​ of 20BTC per game, and there have been plenty of whales testing those limits. The games involving established sides like Germany, Brazil and Argentina in particular have attracted multiple maximum bets.

The World Cup has so far been a tremendous success for Cloudbet,” said Mella. “We fully expect our 100BTC limits for the final to be taken advantage of.

Find Cloudbet’s ​World Cup odds here​.

 

About Cloudbet:

Established in 2013, Cloudbet is the world’s​ leading bitcoin sportsbook and bitcoin casino platform, fully licensed and regulated with satisfied customers in over 100 countries.

Cloudbet offers ​exceptional value​ odds and unrivalled bitcoin betting limits, while new customers also receive a generous 100% deposit bonus up to 5BTC/BCH.

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
Reading Time: 2 minutes

 

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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