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New Era of Gambling. Now with Bitcoins.
It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities. This has been a trend for already some two years. Nevertheless, recently the online bitcoin gambling has marked an important step in its history, in March 2017 the total amount of the bitcoin bets has reached a very impressive number - one billion. The website bitcoincasino.info reports that there was a total of 22831 bitcoin bets per minute, and 380 bets per second. This gives us an idea that the bitcoin gambling is actually getting very popular despite the limited number of the bitcoin casino operators.
While these numbers look very exciting, the month of April has shown an even better dynamics. Just in the first week of the current month, there has been a total of three billion bets placed with the bitcoins, and their total value amounted to more than 520 million USD. While the BTC/USD rate keeps on growing (meaning that BTCs become less accessible), the gambling volumes go up. This clearly shows an increased interest in gambling with cryptocurrencies.
Even though this information can get someone by the surprise, some entities were expecting such a slump in the bitcoin gambling already a year ago. For example, the United Kingdom Gambling Commission has identified the growth of the bitcoin gambling sector and has stated that it sees the Bitcoin and other cryptocurrencies as an equivalent to money. Because of this, it has allowed the operators of the bitcoin gambling sites to apply for its license. And UK is not the only country that looks at the bitcoin gambling this way.
It is clear that the bitcoin gambling offers a larger set of benefits when compared to regular online casinos. First of all, gambling with the bitcoins is much more transparent. All of the BTC transactions are tracked, which allows a player to see the payouts from the casino. Besides that, depositing and withdrawing in bitcoins is much safer for the player’s credit score, as connecting such bitcoin transactions to person’s identity is a challenging task.
There are more bitcoin casinos appearing and quite a few of the regular online casinos are adding the bitcoins into its set of supported currencies. This gives us a clue that we are now seeing the a major update in the gambling industry.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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