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Crypto gambling sites: increase in numbers of casinos that accept bitcoin and other cryptocurrencies

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Crypto gambling sites: increase in numbers of casinos that accept bitcoin and other cryptocurrencies

 

In just over a decade the online gambling world has exploded with companies branding a continuous stream of new sites ranging from online casinos, crypto gambling sites, sports betting platforms, interactive poker game forums and even virtual horse-racing.

Online gaming companies have invested an insane amount of money to test, push and improve the online gaming world by boosting visual animations, licensing popular brands and partnering with well-known Hollywood trademarks to entice clients.

What is shocking however, is the lack of investment being pushed into diversifying payments on most of these sites. The nature of gaming has improved tenfold, but the payment process remains outdated and stuck in the dark ages.

 

Where are most of these crypto gambling sites based?

Gamblers have an endless pick of sites ranging from casinos, online poker and sports betting sites. Favorite crypto gambling sites and casinos that accept bitcoin payment include popular sites such as:

With bitcoin and alt-coins being a new favorite way for players to deposit and receive payment it’s shocking the late response and failure to accommodate preferences. As great as the new user bonuses and interactive platforms may be, it’s necessary for companies to keep up with developing trends, and cryptocurrency is here to stay.

 

But, some smaller markets don’t have many crypto casino online yet

As more and more international online gaming websites have adapted to the new trend of casinos that accept Bitcoin and other cryptocurrencies as an additional method for payment and withdrawal, smaller markets, like Italy, are still behind the trend. Still accepting traditional payment methods Italy is struggling to compete.

This struggle is due to the strict and notoriously well-known gambling laws and regulations put into effect by Italy’s gaming commision the AAMS (Amministrazione Autonoma dei Monopoli di Stato – Autonomous Administration of State Monopolies) which fails to facilitate rapid changes that would allow blockchain currencies in casinos.

As the online gambling and betting industry has seen a significant spike in new registered users, and with over 51 million estimated bitcoin traders worldwide, it’s only a matter of time before the market sees crypto gambling sites as the new norm.

 

Let’s take Italy as an example

So why are some markets soaring with new bitcoin promotions, fast and easy bitcoin deposits and withdrawals, and low fees while other markets, like that of Italy, are slow to approve casinos that accept bitcoin.

Unfortunately, the implementation of new regulations, mandatory licenses and certification is keeping some markets unable to meet the demand of their bitcoin paying players.

The AAMS has come under fire as one of Europe’s most strict regulatory divisions placing hurdles, mandatory certifications, advertising bans and other restrictions on crypto gambling sites. It is for this reason there are a limited number of AAMS casino that have managed to acquire certification.

In conclusion let’s see some Pros and Cons of casinos that accept Bitcoin

These are some pros and cons related to cryptocurrencies payments in online casinos:

Pros

  • High level of security and anonimity: hackers cannot steal your data as crypto transactions are anonymous and they cannot even create fake coins.
  • Low fees: doing cryptocurrencies transactions does not have the same fees of a bank transaction as there’s no intermediaries.
  • Fast transactions: Bitcoin and other cryptocurrencies transactions are instant.
  • Tax free: as cryptos are not emitted by a bank, as of today are not taxed.
  • No location restrictions: with Bitcoins and other alt-coins it is possible to bet in casinos located in other continents, allowing citizens of countries where gambling is banned to play.
  • Better casino bonuses: playing with crypto in most online casinos allows the gambler to access greater bonuses then while playing with normal currencies.

Cons of playing with crypto on gambling sites

  • High Volatility: Bitcoin is an ever fluctating market difficult to make long-terms predictions making players suceptible to drastic losses. An increase in the number of casinos and online gamming platforms accepting bitcoin will likely steady the volatility of Bitcoin.
  • Transactions are immutable: once funds have left your virtual wallet you are no longer able to retrieve that money or reverse the transaction. With the likelyhood of human error this can be challenge.
  • Unfavorable Minimum Withdrawal Requirements: one of the most common catches to casino bonuses are the imposed restrictions on amounts needed to be able to wagger. Also with the withdrawing of winnings there can be unfavorable minimum withdrawal requirement.
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Bitcoin

LQWD Technologies To Attend Pacific Bitcoin Conference 2023

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Photo Source: pacificbitcoin.com

LQWD Technologies (TSXV: LQWD) (OTC: LQWDF) a front-runner in Bitcoin Lightning Network solutions, is pleased to announce its participation in the Pacific Bitcoin Conference 2023. This premier event is scheduled to take place in Santa Monica, CA, on October 5-6.

Representing LQWD Technologies at the conference will be CEO Shone Anstey, who will be hosting a dedicated booth.

The Pacific Bitcoin Conference serves as a nexus for knowledge exchange and networking in the realm of Bitcoin and blockchain technologies.

Those interested in attending can find more information and purchase tickets on the official event website. To arrange a meeting with the LQWD Technologies team, please reach out to [email protected].

Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

SOURCE LQWD Technologies Corp.

 

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Bitcoin

GoMining Reveals Cutting-Edge North NFT Collection

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Leveraging its vast experience since 2017, GoMining is leading the way in bitcoin mining, providing users with an effortless and user-friendly service. Now the company has introduced the so-called North Collection.

The company’s NFT collections provide daily bitcoin rewards to holders, with their substantial fleet of real equipment installed across the globe. Continuing their successful streak after the highly acclaimed East NFT Collection, this latest release marks the next installment in a series of crypto art devoted to various regions. GoMining’s fresh North NFT Collection draws inspiration from three key references: the critical role of low temperatures in mining device operations, the restraint and resilience found in northern regions, and the empowering force driving their endeavors. These references served as the foundation for the collection’s captivating images, reflecting the core principles behind GoMining’s innovative approach to bitcoin mining.

GoMining’s new NFT series is issued on the Binance Smart Chain, utilizing the BEP-20 standard for seamless integration and accessibility. With an impressive energy efficiency rating of 35 W/TH, these NFTs ensure the quickest payback period for holders. Moreover, the NFTs offer a diverse range of computing power options, spanning from 1 to 128 TH/s, accommodating various mining requirements and preferences.

In just over two years, GoMining has achieved remarkable growth. The platform has distributed more than 2,000 BTC to holders, issued 20,000 NFTs, and elevated its overall hash power from 100,000 TH/s to an astounding 2,359,877 TH/s. This exponential progress showcases the project’s resounding success and commitment to innovation in the cryptocurrency and NFT space.

As per GoMining’s CEO Mark Zalan, the company is doing everything to offer a broad variety of options to its holders, proving its sustainability and transparent approach. “We’ve been in operation for over two years providing consistent rewards for our holders daily. All of our efforts are aimed at showing tangible infrastructure behind the product – in this case real equipment with data centers in different regions like Norway.”

GoMining remains dedicated to introducing updated versions of its NFTs, originally crafted to provide easier access to bitcoin mining. All NFT collections, such as the renowned collaboration with MMA star Khabib Nurmagomedov, combine visually stunning designs with real equipment-generated computing power, offering continuous mining rewards to their owners.

The new North collection is available here.

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Bitcoin

New study reveals the cryptocoins that the US wants to sell the most

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A new study has revealed the cryptocoins Americans want to sell the most, with Bitcoin taking the top spot.

The research was conducted by crypto gambling experts at cryptogambling.tv, who analyzed Google Trends data to establish the cryptocurrencies the US wants to sell the most out of the 24 largest cryptocurrencies by market cap, giving an average weekly search volume for the interest in selling each cryptocoin.

The study revealed that Bitcoin has the highest number of searches from Americans looking to sell this cryptocurrency. Searches to ‘sell bitcoin’ were the highest at the end of July in the United States and worldwide.

Many factors might sway someone to sell their Bitcoin, with the main reason being the current financial and economic strain many countries in the world are facing, prompting people to tap out and cut their losses. Last year the price of the cryptocoin dropped below $16,000, which highlights its downfall tremendously, and with Bitcoin’s value being based purely on speculation, it can be challenging for those who don’t know whether or not to stick with it. 

Ethereum is the second cryptocoin Americans want to sell the most, with searches for ‘sell Ethereum’ being the highest in September worldwide. Although the currency is known for owning around 20% of the global crypto market, those wanting to invest tend to agree that it is one of the safest long-term coins. The current price of Ethereum is $1,458, and with the cryptocoin shifting its process from PoW to PoS, it’s predicted its supply may reduce.

XRP is the third cryptocoin Americans want to sell the most, as it is predicted that its price will be near $0.198 by the end of this year. XRP runs by RippleNet and is a low-cost coin which is excellent for those who want to begin investing; however, due to the current lawsuit proceedings with the SEC, there is a significant decrease in interest for the currency, which has undoubtedly urged investors to act fast and sell.

The fourth cryptocoin Americans want to sell the most is Dogecoin, which, although it has remained one of the top cryptocurrencies in the industry, is still not a solid investment for many investors. The coin rose over 15,000% over 2021, and for a cryptocoin which was created as a joke when it first began, it has truly exceeded expectations. Many avoid investing in Dogecoin due to its price volatility, no supply limit, and not being as widely accepted as other competing coins; these are reasons why many also want to sell.

Shiba Inu is the fifth cryptocoin that Americans are looking to sell, and while the coin is top-rated, it is advised that those looking to invest should not use it as a long-term investment. The coin is down almost 92% since 2021, but many investors hope it will still go up in time as it is currently at over 589 trillion.

An expert at cryptogambling.tv commented: “The cryptocurrency market is forever fluctuating, and with the increase in economic stress worldwide, it can be an uncertain and nerve-racking time for those hoping to make sound investments in the crypto world.

“This study offers an interesting insight into which cryptocoins Americans currently want to sell, with Bitcoin being the most popular to sell.” 

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