Blockchain
Cloudbet Opens Dogecoin Casino And Adds Litecoin
Cloudbet has introduced Dogecoin and Litecoin on its site after the two coins drew the most votes in a recent survey of almost 10,000 customers about which new currencies to add.
“The people have spoken,” Cloudbet spokesperson Camilla Wright saaid. “We will only add currencies that our customers hold and use: That’s been the central part of our integration philosophy since we opened for business. More new coins are coming soon.”
First-time players seeking the most engaging experience in Dogecoin and Litecoin betting are eligible for a “much generous” welcome bonus of up to 10,000 Doge or 5 LTC.
Dogecoin was started purely as joke fodder, but its 13,000% surge this year has caused crypto and mainstream audiences alike to sit up and take notice. Its more than $80 billion market cap (as of May 5) far exceeds Ford Motor Co. and Twitter. This weekend the self-professed Dogefather, Tesla chief Elon Musk, pushes further into mainstream popular culture, when he hosts Saturday Night Live.
Litecoin meanwhile is up 150% this year. The coin, which is based on the bitcoin protocol, was designed with the aim of lower block confirmation times and fees than bitcoin.
The inclusion of Dogecoin and Litecoin on Cloudbet takes the number of cryptocurrencies supported by the operator to 12. The dozen coins collectively account for more than 80% of the total market capitalization of all cryptocurrencies.
Born in 2013 (the same year as Dogecoin), Cloudbet embraced blockchain technology to give players privacy and financial freedom like never before. Since then, the site has taken millions of bets, earning a reputation as the most trusted and secure name in the crypto-gaming space.
The operator continues to innovate, having just completed a banner year of new features and upgrades aimed at attracting a more diverse audience to what was once a bitcoin-only product. In 2020, Cloudbet launched a revamped website followed by a record six new cryptocurrencies, esports, politics betting, virtual sports, social bet sharing, and easy credit-card coin purchases.
Photo – https://mma.prnewswire.com/media/1504077/Cloudbet_Dogecoin_Litecoin.jpg
SOURCE Cloudbet
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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