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Ethereum Discourse Surges Amidst Market Downturn, Analysts Weigh In

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In an interesting update from the analytical platform Santiment, the platform highlighted a significant spike in conversations around Ethereum (ETH), the second-largest cryptocurrency by market cap. The growing fascination with Ethereum occurs in the context of a generally negative cryptocurrency market that implies a new trend of focus of investors on just Ethereum.

According to a recent report by Santiment, the discussions about ETH have increased because of the launching of a new Ethereum-based Exchange Traded Fund (ETF). The emergence of this ETF has intensified the general ETH interest, in spite of the large increase in short positions on this digital currency. This tendency implies that although the market is aware of risks, potential gains related to Ethereum are of big interest.

Analyst Highlights Critical Ethereum Price Thresholds

Additionally, Daan Crypto, a reputable cryptocurrency analyst, brought more details on the market dynamics of Ethereum. In his recent analysis, Daan Crypto noted that ETH has been trading well around some horizontal levels. Now the levels of around $3,055 and $3,200 are important for the short to mid-term performance of Ethereum.

Daan Crypto explains that if ETH manages to hold above these levels, there could be a potential move towards the $3,535 mark. Nevertheless, he asks traders and investors to take this chance one day at a time, highlighting a careful but hopeful view of the cryptocurrency.

The increasing debate on ETH and recent price activities is, in fact, a reflection of the general market sentiment that is played out in strategic interest. With the market participants and analysts following these events closely, the capability of the cryptocurrency to maintain or even do better than these levels would be an important indicator of its short to medium-term direction.

Additionally, the growing attention to Beam, another cryptocurrency, and ETH also indicates that the entire focus pattern throughout the crypto market has changed. The growing discourse on ETH even when the market is challenging is proof of its importance and resilience in the crypto sector. Investors and market observers closely follow these developments, adjusting their strategies to new information and market trends.

Crypto Criminals Beware: London Police Mobilize 40-Member Special Unit

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Crypto fraud cases in the UK surged by 41% over the past year, reaching £306 million. This increase emphasizes the pressing need to combat cryptocurrency-related crimes.

In a firm response to the growing use of digital assets in criminal activities, the London Metropolitan Police has established a specialized 40-member team dedicated to investigating crypto-related offenses.

This move is a direct response to the escalating concern among authorities regarding the significant role that digital currencies now play in organized crime. Since its formation in May, this specialized unit has been quick to react to 74 intelligence referrals, resulting in the initiation of 19 active criminal investigations. This proactive approach underscores law enforcement’s sense of urgency in addressing the rising tide of crypto-related crimes.

The attractiveness of digital assets to criminal networks stems from their ability to conceal assets and facilitate cross-border transactions seamlessly. Bitcoin, in particular, has long been favored for its capacity to obscure the transfer of illicit wealth, presenting a substantial challenge for law enforcement agencies around the world.

Recent statistics from the law firm RPC highlight a 41% increase in reported crypto fraud cases in the UK over the past year, totaling a staggering £306 million. This sharp rise underscores the immediate need for targeted efforts to combat criminal activities involving digital assets.

Detective Inspector Geoff Donoghue, who leads the Metropolitan Police’s crypto investigation team, emphasized the shift in the perception of digital assets within criminal enterprises. Once considered a niche avenue, growing evidence suggests that digital currencies have now infiltrated various illegal activities, including drug trafficking, weapons transactions, human exploitation, and other illicit endeavors.

An example of the direct link between digital currencies and funding for nefarious purposes is the recent action by Israeli police to block digital assets accounts associated with collecting donations for Hamas. This underlines the connection between digital currencies and support for terrorist organizations.

On a more local scale, criminal syndicates in the UK have swiftly adopted cryptocurrencies for their unlawful activities. One prominent case involved eleven individuals in Cardiff who were sentenced for converting 40 kilograms of cocaine into an estimated £3 million worth of digital assets. In another case, a group’s audacious £21 million Bitcoin scam led them to distribute £5,000 gift cards on the streets, highlighting the scale and audacity of crypto-enabled crimes.

New Crypto Regulations Unveiled in the UK

While the digital assets market has experienced fluctuations, Detective Sergeant Mat Stanley of the Metropolitan Police’s cybercrime unit highlights that these market ups and downs have had minimal impact on criminal operations. For those involved in illicit activities, the cryptocurrency’s value takes a back seat to the transactions it enables.

In the UK, the regulatory landscape for cryptocurrency trading is largely unexplored, drawing attention due to its volatility and the potential link to addictive behavior. The government’s announcement in February about plans to regulate digital assets in line with traditional financial assets such as stocks and bonds has triggered debates among Members of Parliament. Some argue for categorizing crypto trading as a form of gambling, aligning with its resemblance to online betting.

In the United States, regulatory authorities have initiated legal actions against prominent industry players, including Coinbase and Binance. Furthermore, the ongoing trial of Sam Bankman-Fried, the founder of FTX, in New York sheds light on the legal challenges faced by the cryptocurrency sector.

Apple’s Market Capitalization Shrinks by $200 Billion Over Two Days

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The tech giant Apple has seen a significant reduction of $200 billion in its market value within the last 48 hours, partly attributed to China’s decision to prohibit its government from using iPhones. On Thursday, Apple’s shares experienced a notable 3.4% decline, marking the company’s most substantial daily drop in over a month and positioning it as one of the weakest performers in the Dow Jones Industrial Average.

China stands as Apple’s largest overseas market, with Chinese sales accounting for approximately one-fifth of the company’s total revenue last year, providing context to the magnitude of this loss. China’s motivation behind this ban appears to be a combination of national security and economic concerns, as suggested by Paul Haenle, a former China director on the National Security Council under former Presidents George W. Bush and Barack Obama.

Trouble Brewing for Apple: China’s Potential ‘Bad News’

The news had a ripple effect on the tech sector, with the Nasdaq Composite slipping by around 1% on Thursday, and the semiconductor industry witnessing a drop of over 2%. Given that the majority of Apple’s products are manufactured in China, the company is a significant contributor to job creation in the country through its contract manufacturers and suppliers. Apple holds a dominant position in the Chinese market, particularly in the smartphone sector, and as a result, it is anticipated that this ban will result in a staggering $200 billion loss in revenue for the company.

Justin Sun’s TRON Blockchain Unleash Key Upgrades To Bolster Wider Adoption

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Justin Sun-led TRON blockchain has recently deployed an upgraded version of its Mainnet dubbed Great Voyage—v4.7.2 [Periander] to boost overall system functionality and promote wider adoption and engagement within the ecosystem.

Significant advancements were made in four areas with Mainnet Periander, including a sophisticated Stake 2.0 mechanism, seamless EIP-3855 compatibility, simplified calling for smart contract interfaces, and a redesigned P2P network module.

First off, TRON Stake 2.0 offers a hassle-free and more flexible staking experience by allowing withdrawals of unstaking requests while they are still in progress, giving users greater control over staked resources, tailoring the lockup period for delegated resources, and more.

Next, TRON’s new upgrade provides developers with estimated transaction fees for deploying their contracts, thereby paving the way for the creation of top-notch DApps.

The Periander upgrade aims to make the TRON and Ethereum virtual machines compatible while lowering the expenses involved in deploying and using smart contracts on the network.

Hopefully, it will draw more developers and encourage improved collaboration between the two leading ecosystems.

Not long ago, founder Justin Sun announced that the blockchain’s native token TRX is “now fully accessible within the Ethereum ecosystem,” via the BitTorrent bridge.

The P2P network module underwent a thorough transition in the latest upgrade, adding four crucial functions. First up is a brand-new node technique that improves connection efficiency by filtering out erroneous connection requests.

TRON Network Scale New Milestones

Implementing the DNS protocol will secondly enable more recent nodes to connect to the TRON network. The upgrade also included IPv6 capability to improve the network architecture of Java-Tron’s scalability.

Last but not least, the addition of message compression prior to transmission lowers Java-tron’s bandwidth requirements, resulting in cheaper operational and maintenance costs.

This comes after the mainnet celebrated its fifth anniversary on June 1st. With over 170 million users worldwide since its launch in 2018, the leading public chain has so far processed over 6 billion transactions.

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Justin Sun's TRON Blockchain Unleash Key Upgrades To Bolster Wider Adoption 2

It has also outperformed the altcoin troupe with a TVL [Total Value Locked] higher than $12.5 billion, second only to Ethereum.

Additionally, TRX continues to dominate the market, in terms of daily active addresses reaching over 2 million, according to data from the token terminal

How MAXusdtDeFi is revolutionizing the financial industry

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It is not necessary to make an initial investment, and there is no danger involved in using the platform in any way. In order to get started, you will need either 10 USDT worth of ETH or 10 TRX ready to use as the gas fee. After that, you will need to click the receive button. The network that your cryptocurrency wallet is a part of decides how much the gas fee should be. After that point, the USDT balance in your cryptocurrency wallet needs to be at least ten for you to make a profit every six hours. Every six hours, a quantity of USDT corresponding to the current balance of USDT in your cryptocurrency wallet will be deposited into that wallet in the form of a proportional deposit. If you click on this link, you will be taken to a page where you can start building your profile by entering your information.

Decentralized finance, also known as DeFi, is a form of finance that manages financial transactions with the help of cryptocurrencies and blockchain technology. Peer-to-peer relationships that can provide a full spectrum of financial services, including everything from day-to-day banking, loans, and mortgages to complicated contractual relationships and asset trading are the focus of the DeFi initiative, which aims to democratize finance by displacing legacy, centralized institutions with them.

These days, virtually every facet of banking, lending, and trading is controlled by centralized systems that are run by regulatory agencies and gatekeepers. Regular consumers have to negotiate with a multitude of financial middlemen in order to gain access to a variety of financial services, including trading stocks and bonds, auto loans, and mortgages. Regulatory organizations in the United States, such as the Federal Reserve and the Securities and Exchange Commission (SEC), are responsible for establishing the rules that govern the world of centralized financial institutions and brokerages.

Over time, Congress may make changes to these rules. As a direct consequence of this, there are not many channels through which customers can gain access to capital and financial services. They are unable to avoid dealing with middlemen such as banks, exchanges, and lenders because these entities make a profit off of each and every financial and banking transaction. We must all pony up in order to participate.

The New Approach: Decentralized Finance

Peer-to-peer exchanges made possible by DeFi present a threat to the existing centralized financial system. This is accomplished by removing the power that is traditionally held by gatekeepers and middlemen. Lending, borrowing, and trading are some of the most important aspects of the work that is currently done by banks, exchanges, and insurers; however, DeFi places these responsibilities in the hands of regular people.

Blockchain is what DeFi is built on.

The underlying technologies that make decentralized finance possible are blockchain and cryptocurrencies like bitcoin. When you make a transaction using a traditional checking account, the details of that transaction are recorded in a private ledger known as your banking transaction history. This ledger is owned by a large financial institution and is managed by that institution. The blockchain is a public ledger that is decentralized and distributed, and it records monetary transactions using computer code.

When we say that blockchain is distributed, we mean that all parties that are using a DeFi application have an identical copy of the public ledger, which records each and every transaction in encrypted code. This is what we mean when we say that blockchain is distributed. This makes the system more secure because it gives users the ability to remain anonymous while still allowing for the verification of payments and the creation of a record of asset ownership that is (almost) impossible to change fraudulently.

When we talk about how blockchain is decentralized, we are referring to the fact that there are no gatekeepers or middlemen managing the system. Transactions are verified and recorded by parties that use the same blockchain, through a process that involves solving complex mathematical problems and adding new blocks of transactions to the chain. New blocks of transactions are added to the chain as they are processed.

The proponents of decentralized finance assert that the blockchain, which is used in decentralized finance, makes financial transactions more secure and transparent as compared to the private and opaque systems used in centralized finance.

How DeFi Is Being Used Now

The decentralized financial infrastructure (DeFI) is beginning to make its way into a diverse range of straightforward and intricate financial transactions. It is run by decentralized applications, also known as “dapps,” or other programs, which are referred to as “protocols.” Transactions involving the two most prominent cryptocurrencies, Bitcoin (BTC) and Ethereum, are managed by decentralized applications (Dapps) and protocols (ETH). Although Bitcoin is the more widely used cryptocurrency, Ethereum is significantly more adaptable to a wider variety of applications. As a result, a significant portion of the code used in the landscape of decentralized applications and protocols is based on Ethereum.

The locked value is a metric that is used in the DeFi market to measure adoption. This metric calculates the total amount of money that is currently being processed by the various DeFi protocols. The total value of everything that is currently encrypted in DeFi protocols is close to 43 billion dollars. The ubiquitous quality of blockchain is the driving force behind the proliferation of DeFi. The instant a decentralized application (dapp) is encoded on the blockchain, it becomes accessible all over the world. Unlike the majority of centralized financial instruments and technologies, which are typically introduced gradually over time and are governed by the specific rules and regulations of regional economies, decentralized applications (dapps) operate independently of these rules, which increases their potential for reward but also increases the risks associated with using them.

What Lies Ahead for Defi

The future looks promising for DeFi, as the company plans to eliminate the need for a middleman and transform basketball highlights into digital assets with monetary value. Soon, investors will have more autonomy, which will enable them to deploy [assets] in creative ways that seem impossible today. As the big data industry matures and enables new ways to commoditize data, DeFi also carries significant implications for the big data industry.

OKX is not only a cutting-edge cryptocurrency exchange but also offers exceptional financial services to its clientele. We provide you with everything you need for successful trading and investing, and we do this by utilizing a technology called blockchain. You can choose from a huge variety of tokens and trade combinations, totaling in the hundreds. If you use OKX and remain compliant with the agreements, you will be eligible to become a participant in one of the cryptocurrency exchanges that has the highest trading volume. We serve millions of clients across more than a hundred different nations with our range of services. Mining, spot trading, margin trading, futures trading, options trading, perpetual swaps, trading, DeFi, and lending are just some of the other services that we offer.

After a number of years of utilizing the services provided by OKX, the day has at long last arrived. OKX has my sincere gratitude for the contribution they made to the most recent project. OKX is a cutting-edge cryptocurrency exchange that not only provides its customers with access to cutting-edge financial services but also has the ability to rebate up to 95% of their network fees. Downloading OKX is something we strongly advise every user to do so that they can feel secure in their own safety and avoid potential danger.

With the most recent version of OKX, all users will benefit from improved transactions as well as a reduction in the fees they pay to use the OKX network of up to 95%. Users who have completed transactions worth a combined total of more than 20,000 USDT will be eligible to receive a bonus of 200 USDT. Downloading it right this second will provide you with the most up-to-date version of OKX. You can access it through the following link:

OKX has now joined the SWFT cross-chain bridge and implemented it, which enables cross-chain transactions of any token between the TRON network and other networks such as Ethereum, USDT, OKC, BSC, Polygon, and Fantom. OKX has also joined the SWFT cross-chain bridge. OKX is the newest participant in the SWFT cross-chain bridge project. In the future, thanks to OKX, you will have access to an increasing number of transactions that take place across multiple chains.

Users are eligible for rebates on transactions involving any cryptocurrency with a value of more than 20,000 USDT if they use the most recent version of the OKX platform and become members of the OKX trading platform. In addition to receiving a rebate of 95% of the transaction fee for any transaction you complete, you will also receive a rebate of 200 USDT.

Links

Registration Link (DeFi) Telegram Channel Telegram Customer Support

Whatsapp Customer Support Facebook Twitter

White Paper Certificate Official Website Registration Link (TRX)

CryptoGames Brings Crypto Gambling to All Devices

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After the digital finance revolution, the golden days of traditional gambling are fading in front of online gambling platforms. Digital and modern architectures are now incorporating digital currencies and new-edge aesthetics into casino games to transform how people engage in the most definitive source of entertainment. The vast list of gambling platforms offering cryptocurrency-based transaction methods makes entertainment more fun for gamblers worldwide. It is also more straightforward than ever since people can access the games and all the additional entertainment without leaving their home’s comfort. Many online casinos now offer their services for modern users of Cryptocurrency with supporting transaction systems. Among so many online crypto-based casinos, only a handful can become a good fit for beginners or someone who just got into crypto gambling. By offering what the new crypto gamblers are searching for, CryptoGames has created a space that curious gamblers from any smart device can access.

General Concept of The Casino

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CryptoGames Brings Crypto Gambling to All Devices 4

CryptoGames is an online casino created and maintained by MuchGaming B.V., according to the license of the Curacao Government. By providing 10 widely popular cryptocurrencies, the casino has attracted many crypto enthusiasts for fair gambling services. From the beginning, CryptoGames provides a new-edge deal of entertainment, useful free rewarding features, and a compact and classy game selection. There is something to enjoy for all at CryptoGames.                               

Any new gambler on board can easily engage in 9 of the casino’s games for free. The system’s user-friendly interface provides a free gambling experience. To cater the worldwide gamblers with a classic gambling experience, CryptoGames offers 10 games on its system. The number is kept to be minimum as the casino focuses more on the entertainment value of each game. They all come with individual features for the players for a smooth gaming architecture. Any player can access the games from their smart devices like; mobile phones, tablets, laptops, and desktops. Since the architecture is adaptable to mobile phones, the worldwide community of gamblers can enjoy entertainment anytime. The house edges of the games have been kept reasonable so that players get to win more from their winning bets. 

Start Gambling Right Away

Opening any new player account at CryptoGames is free for all. Players must complete the basic registration to begin playing (9 games) or exploring the system. The basic registration allows the players to use Play Money and explore 9 games. To complete the basic registration process, players only have to create a username that is different from any other players’. 

CryptoGames’ Device Compatibility

From the description of the fast registration system, players can get an idea of the smooth and lightweight architecture that CryptoGames offers for all devices. The casino provides mobile AKA device compatibility through its neatly presented layout. The entire website has NO pop-ups, redirect links, or any click baits. Any gambler is free to enter the casino from their smartphones and tablets to access the casino through hassle-free sign-up. The UI consists of an architecture that is compatible with all IOS and Android device platforms. All of the games, including the ones with more complex designs like; Roulette, Blackjack, Minesweeper, Keno, and Video Poker, can be played on the devices mentioned above from any location having a secured internet connection.

Rewarding Features, Offers, and Events for the Players

CryptoGames created many rewarding features, offers, and events to keep up their growing number of loyal players on board. The space provides the mentioned extensions to bring more dimension to their crypto gambling services for the players. They also engage and reward them through various features like free play money, progressive jackpots, royal flush, etc all while hosting promotions and competitive events with plenty of rewards on the side.

Win Free Play Money Through the Faucet 

Any new player without much gambling experience can use the casino’s reward play currency, Play Money, for free gaming. CryptoGames hands out free Play Money to all the players right from the time of their registration. The play currency exclusively gives free access to 9 games at the casino. The only exception for Play Money is the game of Lottery, which is, in fact, only available for 4 cryptocurrencies only. Using Play Money, players may test out 9 games as many times as they want since the games will reward them with Play Money in return. If the players level up their accounts, then they can make more requests for Play Money from the free Faucet feature. The feature is highlighted for handing out free test currency. The higher-level players can request Play Money up to even 60 times daily. The request number can also vary depending on the player’s VIP status. 

Win Cryptocurrencies from the RainBot

Another free rewarding feature available is the RainBot. The rewarding feature gives small amounts of cryptocurrencies to the players for being active in the casino regularly. Simply visiting the website, betting on the games, and interacting through the Chatbox and Forum can increase the player levels and reward the gamblers from time to time. Details on how the Rainbot works are given in the FAQ section. 

Receive Rewards for Referring Friends:

Whenever a player wishes to expand the casino’s popularity among their friends or circle, they can find the referral links and promotional banners in the footer section of the Home Page. If the referrers successfully bring together more curious gamblers at the casino, they can win off 15% of the house edge of every game played by their referred players. The referral codes or promotional banners guarantee a lifetime of rewards for the players. Successful refers hand out rewards regardless of the size or result of the bet placed by the referred gamblers.

Win VIP Membership and Monthly Facilities

CryptoGames exhilarates its entertainment service through monthly events and rewards. The monthly competitive events encourage the players to compete for the casino’s grand VIP membership. All VIP members receive prizes for an entire month and have the opportunity to sustain them by winning the next events. The VIP tags give the players additional privileges like increased rewards, faster bet processing, chatbox access, and more. They also get: 

  • The lower house edge is offered for the Dice game, where it becomes 0.8% for an entire month. Meaning with 20% less house edge, VIP members can enjoy Dice for an entire month at the casino.
  • The system grants all VIP players with the highest priority for all bets. This means the VIP players can place any size and amount of bet without experiencing any server delay.
  • The limit for all exchanges will be higher and better for an entire month. VIP players can exchange any amount of cryptocurrencies through the casino’s exchange system since there is 0 onsite exchange limit. 
  • VIP players can utilize the VIP chatroom, where the casino managers will also be present.
  • Exclusively created VIP tag on Chatbox that highlights the player’s VIP status for an entire month.
  • On a tier 3 verification (KYC) or VIP players who have higher positions, VIP membership rewards them $100 worth of Bitcoins on their birthdays. 
  • VIP players can make more requests for Play Money from the Faucet.
  • For the month, VIP players get Voucher Drops in their emails based on their position on the leaderboard. 

Play A Variety of Games 

CryptoGames created a compact and classic variety of games for everyone at the casino. Even new gamblers with no prior experience in gambling or casino games can easily follow the game’s instructions to understand each game and its features. With most games, the casino offers an automatic Auto Bet feature that can run multiple rounds of bets effortlessly. The casino also uses up-to-date technology like; Provably Fair Gambling to ensure complete fairness in the results. This means there are no scopes for adulteration in the best results, and the players can claim their rewards immediately after winning the round. They can also immediately validate the results using seeds and hashes after processing each result. 

Dice 

Seen on the website as the first game that the Play Now tab offers, Dice is a user-friendly game with a range of 0.000 to 99.999 potential winning chances. This favorable range allows even beginners to try the classic game before proceeding to explore more complex games. In Dice, all players decide their bet amount and their payout multiplier according to the winning chances at the start. Dice players predict the roll’s outcome and guess if they have chosen the right condition out of two. Players can qualify their winning bets and lucky scores according to the rules for the Progressive Jackpots. 

Slot

With 7 winning combinations for the five reels, Slot is designed to have one of the easiest instruction sets for the players. Players click on the ‘Spin’ button to turn on the slot machine after pre-selecting their bet amounts and size. They can even spin the Slot machine for multiple rounds using the Auto Bet feature. Once a winning combination lines up in the middle row (regardless of order), the players can claim their payout according to the value of the combination. The Slot has a really easy set of rules with favorable winning chances. 

Roulette 

Roulette’s European version is offered with a great house edge and a favorable payout table that follows the American version. Before spinning the wheel, players place their neighbor bets and bet amount according to their strategies. The players will be compensated if the ball lands on a fruitful neighbor bet. The game offers an automatic feature known as the Neighbour Bet that can place the neighbor bets randomly. There are 4 automatic options in the feature. Roulette also has a Progressive Jackpot.

Blackjack 

One of the most classic games for every card game lover is undoubtedly Blackjack (also known as 21). Players decide all their bet amounts and size before the house deals the card. Players can win the game by forming a card combination with 21 or lower points. If the hand gets 21 points from the first two cards, the players will get to claim their rewards immediately. Players must know each card’s values before playing the game to form a winning hand. 

Lottery

The Lottery is one of CryptoGames’ effortlessly unique games, and it can be played using only 4 cryptocurrencies by following the easiest instruction. In the game, all the players have to do is purchase any number of tickets (up to the specified limit) from the “Buy Ticket” tab or by using Chat commands. Players must select their preferred cryptocurrencies to purchase the tickets while considering the available pots, reward size, and draw days. The players can also check the remaining tickets and their winning possibility all from the same page. 

Plinko

Plinko’s crypto version is widely known at the casino as the players recognize it from the show “The Price is right”. After placing their bet amounts and size, players must drop a shaded ball from the top of a pyramid-shaped digitally pegged board. Plinko players can pick one of four colored balls for the game. The available colors are: green, red, blue, and yellow. They can use the same or pick a different color of balls for each round, considering the house edge and payout table. The final reward will be given depending on the ball’s color, the winning slot number, and the colors house edge. 

Video Poker 

With a similar concept to Poker, CryptoGames presents Video Poker in a modern crypto version with 3 lucrative extensions to the casino. In the game, players must form a winning hand with the cards the house deals them with. They can only claim their rewards if they achieve the strongest winning hand using 5 cards. Players must learn the rankings of the cards before they begin the deals to increase their chances of winning. Three extensions of Video Poker are Tens or Better, Jacks or Better, and Bonus Poker. All players can access any version, anytime from the game board tab considering their respective house edges and payout tables. They can also use the special feature for forming their hand, called Smart Hold. 

Minesweeper 

Minesweeper’s classic popularity gets reflected in the CryptoGames version as the players are rewarded most flexibly in each round. The gamblers on board play the game effortlessly by utilizing the instant cash-out feature. The feature is only active as long as the players manage to stay away from the mines. If the instant cash-out option is activated for withdrawing a good amount, then the game ends instantly. However, if the feature is not enabled and the players fail to protect themselves from the mines, they will lose all the amounts they earn until that moment. 

DiceV2 

DiceV2 is the 9th addition to the casino games set at the casino and has a lucrative modern design. The game is also known for bringing an edgy version of the original Dice game. In DiceV2, players must correctly predict the roll’s outcome to win the reward and set the bet amount and payout multiplier, considering the winning chances. If they make a correct prediction, they will see the dice stop inside the green zone located on the slider and get compensated according to the payout multiplier they had chosen. The game has a great winning range, Progressive Jackpot, and the same house edge as the original Dice.

Keno

Keno is the 10th and most recently added game on the casino’s set of classic games. It is known to be a Lottery-like game where players pick their lucky numbers. The version of Keno at CryptoGames has a visually sleek and lightweight design that can be played from any device. The game has a field of numbers (1-40) from where players pick up to 10 numbers. If the players choose the winning numbers, then the field will show them the golden symbol on the field. And the field will show the ones they missed out on with an X symbol on the field. The game will compensate the players according to the payout multipliers corresponding to the numbers the players predicted correctly. 

 

CryptoGames Offered Financial Methods

To offer a consistently smooth and convenient payment system, CryptoGames enables a selection of payment methods for its players. The financial methods ensure no hassle during the transactions and are straightforward to understand and explore. At the casino, the financial methods can be accessed using the following cryptocurrencies:

· Bitcoin

· Dogecoin

· Ethereum

· Litecoin

· Dash

· Gas

· Monero

· Bitcoin Cash 

· Ethereum Classic

· Solana

Depositing, withdrawing, or exchanging cryptocurrencies at CryptoGames is open through two types of systems. All fully registered players can utilize regular and updated financial methods for their gambling start. The regular method is accessible from the “Your Account” Tab, where individual links for the options are located. When players click on each link, they can find their dedicated pages to set up the deposit and withdrawal addresses. On the advanced side, players can use their fiat currency to make deposits or exchange other cryptocurrencies through Onramper and ChangeNow, respectively. The casino also keeps many deposit alternatives available and recommends a few e-wallets in the FAQ section. 

Consistent Customer Support System

For all new and regular players, CryptoGames offers a consistent and supportive customer support team at CryptoGames, including a group of specialists, to ensure 100% customer satisfaction by answering any query or helping them with any issue. Customer support is available 24/7 to assist players with any questions. The casino’s live chat and support system instantly help the players by providing necessary guidance for their deposits, withdrawals, game rules, and even technical problems. The players also get to send customer support emails for further assistance. Additionally, n the “Contact Us” tab on the website, players can find the casino’s social media handles and links. 

User Data and Fund Protection  

CryptoGames prioritizes user data privacy and security equally for every player on board. The casino recognizes the importance of protecting every player’s information and funds by incorporating advanced security measures into the architecture. The casino offers Two-factor Authentication and SSL encryption measures to raise the level of security for all the accounts created on the website.

The casino also offers an Email verification process for all fund withdrawals so that no outsider can reach the funds without proper permission. Email verification remains active even if the Two Factor Authentication is deactivated. Moreover, since the Curacao government has licensed CryptoGames, the players can gamble in a safe and licensed environment. 

Summarizing the Review on CryptoGames

To summarize the review on CryptoGames, this section briefly brings all its components. Players can get more insight on crypto gambling at the casino’s BLOG and Forum, where the casino and all players share their tricks and tips. Among the apparent components of the casino, its service for gamblers is strongly trustworthy. The system is lightweight and easily accessible through all devices from around the world. The casino serves notable customer service where players can find the swiftest solutions for any query or any issue. The straightforward and detailed architecture makes the whole casino highly user-friendly to anyone through kind policies and special measures. All 10 games bring together the players from basically any part of the internet and globe for an unbiased gambling experience. The list of various rewarding features also maintains the quality of the entertainment every time a player logs in. By keeping up the service and bringing more plethora of entertainment, CryptoGames can become the ultimate crypto gambling corner of the web. 

 Links of interest

CryptoGames: https://crypto.games/

Forum: https://forum.crypto.games/

Facebook: https://www.facebook.com/CryptoGames/

Blog: https://blog.crypto.games/

Twitter: https://twitter.com/Crypto_Games

BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=750760

Solana-based Burnt Finance scores $8M fund led by Animoca Brands

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Burnt Finance, an NFT auction protocol built on the Solana [SOL] blockchain has announced securing an $8 million A round series spearheaded by Hong-kong based Animoca Brands. Other investors who took part in the funding drive were Multicoin Capital, Alameda Research, DeFiance, Valor Capital Group, Figment, Spartan Capital, Tribe Capital, Play Ventures, HashKey, Mechanism Capital, DeFi Alliance, Terra, among others.

Apart from that, Burnt Finance will now launch its native NFT marketplace, intending to be a ‘hub for NFTs by integrating DeFi functionality, such as NFT lending, liquidity mining with staking incentives, fractionalization, and GameFi’. In accordance with the P.R, this will enable permissionless access to NFTs and claims to have low fees and fast speeds, with 160k users on its waitlist. It also claims to have processed over $100 million of trading volume in 7 days on its Spark testnet.

According to data provided by DappRadar, in 2021, the global market for non-fungible tokens has skyrocketed to around $22 billion. Legacy auction houses like Christie’s and Sotheby’s have also entered into the NFT domain. In December 2021 alone, NFT sales charted $4 billion. Just like its counterparts, Burnt Finance is also aiming to reap the benefits. 

Competitors include OpenSea, SuperRare, Rarible, and NiftyGateway. Even though Burnt is an early entrant, it’s hoping to pose a challenge to the larger players by using popular blockchain like Solana and going for the DeFi space. One of the best-performing cryptocurrencies in 2021, SOL’s DeFi projects crossed US$3 billion in September 2021.

Solana’s DeFi projects brief overview

In just two years, the layer-1 protocol has attracted a wealth of developer talent and has evolved to support over 350 projects, many of which are focused on decentralized finance [DeFi], NFTs, and Web3. Last week, the team behind one of Solana’s biggest projects is in the middle of a $100 million fundraising deal to expand operations. As a matter of fact, SOL’s DeFi major Serum’s Incentive ecosystem has committed $70 million.

Two weeks prior, another DeFi protocol built on the layer-1 blockchain is Exotic Markets that raised $5 million in a private token sale co-led by Multicoin and Ascensive Assets. The funding arrives as Solana maintained its position among the top five in the DeFi TVL charts,

Move over crypto, Danish central bank governor believes tech giants are a threat to banks

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Danish central bank’s governor, Lars Rohde joins the list of officials who have dissed crypto for lacking stability.

The crypto-verse grew from nothing to a $2 trillion industry. Bitcoin [BTC] recorded a notable evolution which urged several to suggest that BTC was the internet’s currency. The popularity of the currency grew just like its price which further led to speculations of BTC overthrowing the dollar or even shaking up the autonomy of centralized institutions like banks. However, the Danish central bank, Danmarks Nationalbank’s governor suggested otherwise.

Appearing in a recent interview with Bloomberg, Rohde noted that cryptocurrencies were nothing but speculative assets.

Danish central bank governor comments on crypto

2021 started off great for the crypto industry as almost every currency bagged significant gains. This further led to the rise in the trading volume of cryptocurrencies. Several countries were quick enough to address it by rolling out revised regulations, the Danish central bank does not seem to find this necessary. Rohde in the interview elaborated on his stance about the crypto-verse and said,

“I could be tempted to ignore it. I think the term currency is badly used here. Most currencies store value or are means of transactions. There is no stability, no guarantee about the value of cryptocurrencies.”

This, however, did not stop banks in Denmark from carrying out crypto-related activities. A prominent Danish bank, Saxo even went on to reveal the launch of a crypto FX product.

While crypto did not have any major impact on the central banks, Rohde pointed out what really posed a threat to these banks. He stated,

“If tech giants get a hold on the means of transaction, then that could be a real threat to the autonomy and independence of central banks.”

Rohde’s concern seemed legit as tech giants were currently sitting under the spotlight. With digitalization booming in full par, tech giants have been progressing impeccably.

China Refocuses its Fintech Directives as Government Looks to Launch Regulations for Lending Companies

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Over the last few years, the world of fintech has changed, with many traditional institutions taking a keen interest in the industry. As the blockchain sector shed more light on the usability of integrating technology with finance, even state governments stood up to take note of what was happening.

China has been heavily involved in the fintech space for some time now and its premier has made it clear that it aims to move forward all guns blazing. The same Chinese government recently played a role in halting Ant Group’s $38 billion IPO at the last minute as questions arose about the country’s growing lending problem.

Financial lending in China has grown multifold in the past few years with an increasing number of youngsters joining the roster. Young people under the age of 25 start borrowing early in their lives, causing them to fall into the loop of paying interest for the rest of their lives. This sort of unregulated lending and borrowing seems to be the issue that the Chinese government wants to tackle first.

Reports have shown that people in China borrow from a variety of fintech companies, some of which may be shady and reclusive. One 24-year Chinese student spoke about the qualms of borrowing in small sums by pointing out that:

“Now it’s like I’m in a whirlpool. I can only pay it back slowly, one small sum at a time, and after that, I will have no savings. So, the whirlpool makes me keep borrowing more and more.”

Officials within the fintech industry believe that there are two sides to the leading story: it can democratize financial products but at the same time be a risky venture depending on the lender. Ant Group was one of the major companies that grew during the lending boom with that part of the business growing by almost 60 percent in the first six months of this year. Ant’s lending arm also contributes 40 percent to the total revenue of the company.

The only way the industry can grow under the watchful eyes of the Chinese government is to comply with the incoming regulations. Popular economists also claimed that microlending platforms need to be regulated as “they have evolved more like a Ponzi scheme”. Only time will tell what type of lending companies will the government let off scot-free.

Trend Picks Up Pace After Snappa And Tahinis Firms Switch To Bitcoin Investment As Reserve Assets

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Two Canadian business firms, Snappa and Tahinis, have recently joined the growing number of business firms investing in Bitcoin as a reserve asset. In a blog published on 24 August 2020, Christopher Gimmer, CEO and founder of Snappa, revealed that the company had allocated a considerable amount of money from its cash reserves to purchase Bitcoin as an asset.

As per the blog post, the graphic solutions firm Snappa started accumulating bitcoin from March of this year. In addition, Gimmer adds that the decision to invest in Bitcoin as a reserve asset was not rushed at all, but rather a long-term decision.

Snappa has invested 40 percent of its cash reserve in cryptocurrency. Previously, the Middle East Food Joint Venture Tahinis also joined the bandwagon by officially announcing on Twitter on August 18 that they had allocated their entire cash reserve to purchase Bitcoin and invest as an asset.

In the Twitter thread, Tahinis restaurant’s owner clarified his decision to go all-in Bitcoin investment was backed by the fact that “it offers a much better alternative to saving cash” in his own words

Gimmer reinstates his total confidence in Bitcoin as a reserve asset

The Snappa CEO, confirmed that the decision to invest in Bitcoin was based on the numerous benefits that the cryptocurrency has to offer relative to cash reserves. Gimmer claims that there is a need to invest in viable reserve assets as some banks have now lowered their low-interest rates to 0.45%. There is also evidence to back the fact that the purchasing power of the dollar has dropped over time.

Gimmer further argues that Bitcoin offers much superior technology for savings relative to cash reserves. He also claims it is better to invest in Bitcoin as opposed to cash reserves in a fixed supply based currency. It should be noted that this action comes as businesses face global economic instability in the wake of the ongoing Covid-19 pandemic

More Firms embracing cryptocurrency as an asset

Microstrategy, a billion-dollar firm based in the U.S also recently made the ‘switch’ to Bitcoin assets. The firm invested a little over 200 million dollars in purchasing Bitcoin, which translated to about 21,454 worth in BTC.