ETC Merger with Ethereum 2.0 Shard Is Possible, Says Vitalik Buterin

Coinspeaker ETC Merger with Ethereum 2.0 Shard Is Possible, Says Vitalik ButerinEthereum Classic (ETC) has had an exciting start of the year. ETC price has climbed and the token briefly made it to the top ten coins recently. At the time, the leaderboard was dominated by three bitcoins and two eths for several hours.This copy clone of Ethereum can be merged into Ethereum 2.0 in the same way as a new shard-like eth’s current Proof of Work (PoW) chain will be integrated. Ethereum’s co-founder, Vitalik Buterin, publicly said that it is technically very possible. He added:“You can just use the same merger process to import the Ethereum Classic state that is planned for ETH. Then, the ETC execution environment code would enforce a different exchange rate vs beacon chain eth, based on the rate at the time of the merger (or some other pre-agreed formula). This is if you want to re-merge the currencies.”Barry Silbert, the Coindesk owner and Blockstream backer, created ETC in 2016. But, the bear market made many developers give up because of little interest four years later. Some other developers are now taking over, with ETC gradually positioning itself as the conservative option for those not satisfied with Ethereum.Future of ETCETC’s future is not clear since back in 2016, there were not many dApps existing. Also, the network hs not kept up with the flourishing innovation in ETH in the Defi sector and much else.The current Proof of Work (PoW) chain might be kept operational for whatever reason after ETH transitions to Proof of Stake (PoS). Thus, it would probably render ETC obsolete since it is the only ‘reasonable’ long term value proposition is the constant maintenance of PoW.With the current ETH PoW that is soon transitioning to PoS, having another ETH ETC is a bit too much. Hence, ETC holders may like it very much if it gets merged since, as said by Buterin, they would get the ETH on the PoS chain proportional to the value of one ETC.For example, if ETC is $1 and ETH is $10, they would get 0.1 ETH. Also, their whole network would be ported, which would make it acquisition of some sort.What Happens Next?Although that is a great idea, it is up to the communities to decide whether they want it or not. On the brighter side, it is possible to get rid of the coin, but probably not as it might continue with its regular operations. In the scenario that it ceases to be operational, then possibly any value that may have gone to ETC could go to ETH.On the flip side, it would result in the printing of a lot of ETH (circa 5% of supply) to accommodate all these additions. That will seem quite controversial although nobody will be compelled to pay them. ETH can copy clone their blockchain and pay nothing because their blockchain is open source.ETH can, in a similar manner, copy EOS, Tron, Cardano, or any other blockchain after it unveils its smart contracts. They can use the dApps on these networks as skeletons for a new shard instead of kicking off as a blanket slate. But since they do not have any dApp that stands out, the developers would be mostly copying casinos. Copying casinos appears somewhat pointless.On the contrary, the secondary blockchain is at imminent risk of being consumed by the primary chain. It can be merged, copied, or in the case of bitcoin, increasing the block size or capacity. Moreover, the technical aspects of hash power-sharing make the secondary chain highly insecure. That is a case familiar with ETC, which was 51% attacked in 2019.ETC Merger with Ethereum 2.0 Shard Is Possible, Says Vitalik Buterin

What’s Visa Going to Do with FinTech Startups Plaid and VGS?

Coinspeaker What’s Visa Going to Do with FinTech Startups Plaid and VGS?Less than a week ago, Coinspeaker reported that payment giant Visa now owns fintech startup Plaid. Visa acquired the San Francisco-based company in an interesting deal worth $5.3 billion. As we reported, the figure is more than double of Plaid’s 2018 valuation and is expected to stoke the fintech flame already burning in the company.So far, reactions to the acquisition have been great as people believe that their collaboration will do wonders for the fintech industry.The financial world is rife with acquisitions as some of the biggest names seek to expand their services. Apart from expansion, there is also a desire to ensure as much monopoly as possible. With Visa in constant competition with Mastercard, the recent acquisition could be a feather in Visa’s hat. But what exactly will happen next?What Will Visa Do with Plaid?As with most acquisitions, there’s a very good chance that nothing happens immediately. Because they have to make plans and ensure that there is synergy between both “factions”, executing anything takes a minute.Another reason why there might be a need to wait a bit is to properly incorporate Plaid’s employees. Too much change in the early days of a new acquisition could scare employees away. If competitors see that employees are dissatisfied, said employees become easy prey, to the detriment of Visa. This period of “silence” could last up to a year.After this, Visa would need to make sure that all of its pre-Plaid endeavors including projects and clients are not in any way affected. This means that Visa cannot deny any relationships with other outfits, because of its new partner. Trying to keep all of its branches alive might involve a lot of compromise on Visa’s part. This compromise could mean reduced profits, but with all-round success in the end.Lastly, the Plaid acquisition might help the public see that Visa has real intentions in the fintech market. While Plaid might not exactly be the final ingredient in Visa’s mix, it would sure go a long way. Through Plaid, Visa will now be able to offer a lot more services to thousands of customers.Possible Plaid Issues for VisaFinance expert Tom Noyes in a recent blog post has highlighted a few problems Visa could face with Plaid. Firstly, Banks would seriously be on the lookout. Because of their worry about consumer data, these banks would quickly cut ties with Plaid anytime they feel some threat to that sanctity.Secondly, Noyes says that banks “want to own the consumer interaction” and might not be eager to embrace anything that could disrupt their monopoly.Furthermore, Noyes also suggests that Visa’s services allow them to be a middleman. This means that they can maintain a certain “neutrality” which could be very advantageous. Partnering with Plaid somewhat erodes that detachment.Visa and VGSShortly after the Plaid deal, Visa announced a new strategic investment in another fintech company, Very Good Security (VGS). The successive fintech moves agree with thoughts on Visa’s decision to dive deeper into fintech. However, unlike the Plaid detail, details on the VGS deal are undisclosed. The same is about the precise plans of Visa regarding this investment.VGS is known for helping its customers hide sensitive data. The Visa investment is expected to help VGS function better with its infrastructure-as-a-service offering.What’s Visa Going to Do with FinTech Startups Plaid and VGS?

Ripple CTO David Schwartz Reveals Reasons Why Ripple Needs to Keep Selling XRP

Coinspeaker Ripple CTO David Schwartz Reveals Reasons Why Ripple Needs to Keep Selling XRPOne of the most “unpopular battles” in the crypto universe is definitely one of Ripple. The efforts of the company to prove that XRP isn’t a security became a prolonged battle.This exact battle could hold the key to XRP’s future and it has been held forth again. Be it as it may, there has been a lawsuit that may present Ripple as an issuer and the seller of the coin. Do not forget, XRP is one of the largest by market cap. At the time of writing the market cap of the coin was $10,33 billion and XRP price was $0,24. It is growing by 2.09% at the time of writing. Security or not, the investors will be the ones who will judge the final price.However, analysts say that even a victory for Ripple in the case might not bring an end to its troubles with XRP.CTO David Schwartz is convinced that Ripple’s strongest lawyers will take care of the lawsuit with their “strong words.”Ripple company has been accused of running an illegal ICO. On August 5, 2019, some investors sent a complaint versus Ripple to the SEC. The report was allegedly giving clear proof that Ripple used the XRP token to bedeck big revenue. The report also says that the company is now engaged in selling its tokens in the exuberance of the need for an extra earning.However, it’s also worth mentioning that Schwartz has his own opinion on the situation of selling coins. He explained that they used to have different strategies at different points of time. Originally, their idea was just to give XRP away to all the people and companies that had a desire to work with the XRP ledger. But there was no sense to continue implementing this approach as soon as XRP got a market price.The next strategy presupposed selling XRP to the market with a view to having more coins in circulation. “But selling large amounts of XRP into the market in a small amount of time results in a decreasing price that makes XRP expensive for people to hold and thus not very useful for payments”, believes Schwartz. That’s why they have decided not to sell all the coins at once.XRP Is Not a Security, Says RippleLet us also remind you that Ripple Labs filed a notice of motion on January 15, claiming XRP is not a security.The respectable lawyers with these “best words” are Kathleen R. Hartnett and Damien J. Marshall, the members of the New York law firm – Boies Schiller Flexner LLP.Perhaps their names sound already familiar with the crypto community. One of the founding members of this law firm is David Boies, one of the biggest attorneys in the USA. Boies is pretty famous for previously representing the U.S. government in an anti-trust lawsuit against Microsoft. Also, it is the same guy that is called a “superlawyer” in such cases as Bush v. Gore and the fight for gay marriage rights. Also, he doesn’t make any apologies for representing Harvey Weinstein and Theranos with zeal.Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Heath Tarbert, gave his thoughts about XRP being a security or commodity.However, he hasn’t implicitly define whether he thinks if the XRP is a commodity. He said it could be claimed at the moment that XRP is a security or a commodity.The chairman said:“It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC. If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”Be it as it may, from the company they are saying that XRP is not a security. Brad Garlinghouse, the CEO of Ripple was always saying that the Payment Company has no real control over the XRP’s price on the crypto market in spite of the selloffs.Ripple CTO David Schwartz Reveals Reasons Why Ripple Needs to Keep Selling XRP

World Economic Forum 2020 at Davos Can See Talks on Crypto, CBDC and Stablecoins

Coinspeaker World Economic Forum 2020 at Davos Can See Talks on Crypto, CBDC and StablecoinsStarting today, January 21, the annual World Economic Forum 2020 is kicking off in Davos, Switzerland, with global leaders seen participating. Like always, this will also be a four-day event going up to January 24.This year’s WEF 2020’s theme is “Stakeholders for a Cohesive and Sustainable World”. Like every year, global leaders will speak on issues of the global economy and wider participation of countries for overall sustainable growth. Besides, there will also be talks on avoiding trade conflicts and friction among the 193 member nations.Also, additional and pressing issues like climate change, clean environment, healthy future, etc. shall be on the radar. UK’s recently appointed Prime Minister Boris Johnson may not come to the event. But U.S. President Donald Trump will join the forum with other dignitaries. Environmental activist Greta Thunberg who has recently been in the limelight will also be a guest at the event.However, we are expecting that the most interesting thing will leaders and economists discussing crypto, CBDCs, and stablecoins during the WEF 2020 meeting at Davos.Discussing Cryptocurrency at WEF 2020Some of the key leaders from the crypto industry will also be a part of the event either as attendees or speakers. Ripple CEO Brad Garlinghouse is said to attend the event. However, it’s highly possible that he will just be an attendee and won’t the stage with other crypto speakers.Also, Circle CEO Jeremy Allaire will be seen talking in a session named “Shaping the Future of Financial and Monetary Systems”. Moreover, in a word with CoinDesk, Allaire also said that he will touchdown and promote the concept of stablecoins.There is another public speaking panel dedicated to “Creating a Credible and Trusted Digital Currency”. This panel will be discussing the importance of digital currencies in the modern financial systems. The panel will key areas of reducing risks while simultaneously streamlining global payments and settlements.The dignitaries at the panel include Facebook‘s Blockchain head, David Marcus. Thus, it is most likely that we will hear a word or two about Facebook’s Libra cryptocurrency.This is a no hidden fact that even central banks across the globe are working on several central-bank-digital-currency (CBDC) projects. China’s central bank PBoC has already accelerated work on its CBDC project and we might see a Digital Yuan ahead this year.Last year in 2019, there was heavy criticism for cryptocurrencies in the WEF event. However, there have been interesting new developments in the crypto space with global organizations and governments participating in it.In addition to cryptocurrencies, there will also be an informed decision on the use of blockchain technology and its applications across different business verticals.World Economic Forum 2020 at Davos Can See Talks on Crypto, CBDC and Stablecoins

South Korean Authorities Are Considering 20% Tax on Crypto Gains

Coinspeaker South Korean Authorities Are Considering 20% Tax on Crypto GainsSouth Korea’s Ministry of Economy and Finance has started to review the crypto regulation in the country. In particular, they are reviewing a crypto taxation plan. As South Korea’s Yonhap News Agency has reported, the Korean finance ministry may introduce a 20% tax on crypto gains.Until now, the authorities considered profiting from digital assets as capital gains, and the tax law in South Korea did not see cryptocurrency trading profits as taxable income. However, with the regulatory rule changing, traders within the country will have to pay taxes on anything they earn in this way. According to Korean experts, the government will now treat crypto trading gains as ‘other income’. This includes gains from lectures, lottery winnings, and prizes subject to 20% tax on 40% of total other income. The remaining 60% was tax-deductible.A 20% tax on crypto gains is not yet a final decision. The government representative stated:“The finance ministry is yet to finalize its direction but it surely has become more likely for the income from virtual asset trading to be labeled as other income, not as gains from transfer of capitals like real estate properties.”If the law comes into effect, the National Tax Service (NTS) — the Korean tax authority — will immediately impose a tax on gains from digital asset trading.Bithumb Taxation CaseBy the way, NTS has already started taking gains earned by foreigners from crypto trading for other income. Besides, the bureau has been collecting taxes indirectly through crypto exchanges. For example, in November 2019, NTS claimed that the country’s largest exchange Bithumb Korea would have to pay $69.2 million withholding tax on its foreign customers.This claim was quite controversial as cryptos are not yet legally recognized currencies in Korea. Under local tax laws, those subject to taxation can withhold taxes on any income incurred by foreign residents from selling assets in Korea. But NTS categorized cryptocurrency trading of foreigners as miscellaneous income. The agency recognized capital gains from crypto trading as ‘assets’.In response, Bithumb Korea has decided to take legal action against the withholding tax.Crypto Taxation in Other Parts of the WorldWhen it comes to cryptos, their regulation is a serious topic. Taxation rules are no exception. And each country is trying to find its own approach to crypto taxes.For example, the U.S. Internal Revenue Service (IRS) categorizes cryptocurrency as ‘property’, or a capital asset, making it taxable in its jurisdiction as capital gains. Therefore, U.S. taxpayers should report to IRS when selling, converting, paying, donating, and earning cryptos as income.In Canada, its Financial Transactions and Reports Analysis Centre mandates crypto exchanges to report all suspicious transactions and maintain records.Australia taxes cryptocurrency considering the usage and the manner of obtaining the cryptocurrency. Cryptocurrency acquired and used for personal use is not subject to taxation.In Japan, cryptos are ‘commodities’, and Japanese citizens pay income tax, company tax, and capital gains tax on crypto transactions.South Korean Authorities Are Considering 20% Tax on Crypto Gains

Bitcoin Trading Volumes Boom amid Growing U.S.-Iran Tensions

Coinspeaker Bitcoin Trading Volumes Boom amid Growing U.S.-Iran TensionsAs the world remains in crisis over the recent conflicts between the U.S. and Iran, looking at Bitcoin price, we can say that the major cryptocurrencies experiences one of the best weeks in recent years.Bitcoin Trading Volumes through the Roof in 2020Bitcoin has been around for a while and has seen its ups and downs, leaving the public constantly questioning the direction this popular cryptocurrency will go next. We have seen incredible spikes in value as well as quick drops, which has left many investors choosing to stay away from the gamble of trading Bitcoin.With a new year starting, the value and trading volumes of Bitcoin are once again a hot topic. A recent report published by Arcane Research has concluded that the first week of 2020 has been a massive success for Bitcoin in terms of trading volume, which has more than doubled, seeing a 126% increase, with over $1.5 billion in trades made on January 8th alone.Bitcoin enthusiasts may have been taken aback by the trades on the first day of the new year, which stood at only $192 million, as the report reads. Yet, this all changed quickly within the next few days, with traders back to work and Bitcoin back to growing as a stable cryptocurrency.If you are looking to invest in Bitcoin, keep reading, and find out how the currency is doing and just what we might expect from it in the coming months. Those who prefer a quicker gamble may instead want to try learning how to play the game of roulette, for example.Volatility of Bitcoin Increasing with has created a fantastic software that tracks the current trends in the Bitcoin market. Their fear and greed index is a great way of monitoring how investors are currently looking at Bitcoin, with a chart that quite clearly shows just how worried or relaxed buyers seem to be about purchasing the currency at any given time.According to this software, Bitcoin has been steadily growing in value over the last month of 2019 and the early days of 2020, with January 6th being the first day it touched a neutral level since October. That said, some fear among investors has led to Bitcoin standing at close to 3% in volatility, which is to be expected.The index goes on to explain that when it moves towards fear, it means that investors are less likely to buy and are timid about trading Bitcoin. On the other hand, the greed side of the index indicates that investors are eager to buy and happy to invest in Bitcoin at a given moment.Activity Grows in the Midst of CrisisThe recent tensions between the U.S. and Iran seem to have had some influence on the rise in Bitcoin trades and activity. However, it is yet not possible to extrapolate exact statistics on it. While it may appear evident that there is a direct correlation between this rise and the conflict, experts advise caution in making such conclusions, as only a long term analysis can prove whether such a correlation exists or not.According to the Arcane Research report, Bitcoin’s blockchain has been booming over the last few days. The number of transactions made has increased by 5%, along with other relevant parameters such as a number of active addresses, which has gone up by 7.63%.Some reports are indicating that the time to invest in Bitcoin may be just now, as the currency is becoming ever more bullish and showing no signs of dropping down. Significant profits may be in store for those who invest early in 2020, but as always, investing in cryptocurrencies remains a considerable risk.Bitcoin Trading Volumes Boom amid Growing U.S.-Iran Tensions

Tron (TRX) Price Analysis: Rally Isn’t Over Yet, $0.020 Next?

Tron price is trading in a bullish zone above the $0.0160 support area against the US Dollar.
TRX price recently tested the $0.0180 resistance area before correcting lower.
There is a major bullish trend line forming with support near $0.0160 on the 4-hours chart (data feed via Bitfinex).
The current price action is positive, suggesting more upsides above $0.0170 in the near term.

TRON price is showing a lot of positive signs against the US Dollar, similar to bitcoin. TRX price is likely to continue higher above the $0.0170 and $0.0180 levels in the near term.
Tron Price Analysis
In the past few days, TRON price followed a nice bullish path above the $0.0150 resistance area against the US Dollar. TRX price surpassed the key $0.0165 and $0.0170 resistance levels to move into a positive zone.
Moreover, there was a close above the $0.0160 level and the 55 simple moving average (4-hours). Finally, the price climbed above the $0.0175 level and traded to a new 2020 high at $0.0182.
Recently, there was a downside correction below the $0.0170 support level. Tron price traded below the 23.6% Fibonacci retracement level of the upward leg from the $0.0136 low to $0.0182 high.
However, the decline was protected by the $0.0160 support area and the 55 simple moving average (4-hours). More importantly, there is a major bullish trend line forming with support near $0.0160 on the 4-hours chart.
The pair also remained well bid above the 50% Fibonacci retracement level of the upward leg from the $0.0136 low to $0.0182 high. If there is a downside break below the trend line and the $0.0160 support, the price could extend its decline.
The next major support is near the $0.0150 level or the 76.4% Fibonacci retracement level of the upward leg from the $0.0136 low to $0.0182 high. Any further losses may perhaps push the price towards the $0.0132 support area.
On the upside, the $0.0170 level is an initial resistance for the bulls. If there is a clear break above the $0.0170 barrier, the price is likely to rise towards the $0.0180 and $0.0182 resistance levels. The next key hurdle is near $0.0195.
Tron Price
The chart indicates that TRX price is showing a lot of positive signs and it could continue to rise towards $0.0182 or even $0.0195 unless the bears push the price below $0.0160.
Technical Indicators
4 hours MACD – The MACD for TRX/USD is losing momentum in the bearish zone.
4 hours RSI – The RSI for TRX/USD is currently just below the 50 level.
Key Support Levels – $0.0162 and $0.0162.
Key Resistance Levels – $0.0170, $0.0180 and $0.0182.
The post Tron (TRX) Price Analysis: Rally Isn’t Over Yet, $0.020 Next? appeared first on Live Bitcoin News.

Ethereum Price Analysis: ETH Primed For Fresh Rally

Ethereum price corrected lower recently and traded below the $170 support against the US Dollar.
ETH price is currently trading above the key $161 and $159 support levels.
There is a major bullish trend line forming with support near $160 on the 4-hours chart (data feed from Coinbase).
The price is likely to start a fresh increase as long as it is above the $160 support.

Ethereum price is trading in a strong uptrend above $160 against the US Dollar. ETH/USD is likely to revisit $178 and $180 unless the bears push the price below $160.
Ethereum Price Analysis
This past week, there was a solid rise in Ethereum price above the $160 resistance area against the US Dollar. ETH price broke a couple of important resistance levels near $170 and traded to a new yearly.
It traded as high as $179 and settled above the 55 simple moving average (4-hours). Recently, the price started a downside correction below the $175 and $170 levels. Moreover, there was a break below the $165 support.
However, the price remained well bid above $160-$161 and the 55 simple moving average (4-hours). Ethereum is currently rising and trading above the 23.6% Fib retracement level of the recent decline from $179 to $161 low.
On the upside, the first barrier for the bulls is near the $170 level. It coincides with the 50% Fib retracement level of the recent decline from $179 to $161 low.
If ETH price climbs above the $170 resistance area, there is a risk of a sharp increase above the $175 resistance. In the mentioned case, the price may perhaps break the $179 swing high in the near term.
On the downside, there is a major support forming near the $161 and $159 levels. Besides, there a major bullish trend line forming with support near $160 on the 4-hours chart.
A clear break below the $159-$160 support area could start a substantial decline in the coming sessions. The next major support is near the $152 level, below which the price could revisit the $145 zone.
Ethereum Price
Looking at the chart, Ethereum price is showing a lot of positive signs above the $160 level. Therefore, there are high chances of a fresh increase above $170 as long as there is no close below the $160 support.
Technical indicators
4 hours MACD – The MACD for ETH/USD is currently losing momentum in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is still above the 50 level.
Key Support Levels – $160, followed by the $152 zone.
Key Resistance Levels – $170 and $175.
The post Ethereum Price Analysis: ETH Primed For Fresh Rally appeared first on Live Bitcoin News.

Review: Coinbet24

Platform Name: Coinbet24
Founded: 2015
Parent Company: The Coin Group N.V
Address: E-commerce Park, Vredenburg, Curacao
Platform offering: Bitcoin Casino and Sportsbook
License No: GLH-OCCHKTW0711232015
Accepted Payment Methods: Bitcoin, Other Cryptocurrencies, Credit Cards, PerfectMoney, EcoPayz and Wire Transfers
Coinbet24 is one of the prominent cryptocurrency gambling platforms offering a range of casino games and sportsbook offering. With a track record of close to 5 years, it is known for the competitive betting opportunities combined with the best odds and low margins that result in higher returns on wins. The Coinbet24 platform is created by a team of experts who have decades of experience in the online gambling industry, making it possible for them to incorporate a lot of their learnings over the years into the platform’s development.  Further, Coinbet24 is a fully regulated online cryptocurrency gambling platform operating under the license issued by the Government of Curacao which makes it a reliable and trustworthy option for gambling enthusiasts.
The entire Coinbet24 offering is based on a few basic tenets that aim to provide the best gaming experience to the users. For starters, the platform adopts a simple, intuitive user interface designed to suit the requirements of a majority of users. It also has a flawless mobile version of the site to ensure an uncompromised experience to those logging in from their mobile devices. The betting options offered on the platform fall under two main categories – Bitcoin Casino Games and Bitcoin Sportsbook. While the Coinbet24 platform designed in-house by the Coin Group NV team, many game titles available on it are developed by some of the top online gambling game developers like SoftSwiss, BetSoft, Endorphina, Amatic and Ezugi.
Similarly, the Sportsbook comes with an extensive listing of various popular sports and competitions, giving users enough options to choose from based on their favorite sports or otherwise. Some of the popular listed sporting events include UCL, UEL, EPL, NBA, NFL, NHL and so on.
Other exciting features are the Live Casino and the Live Sportsbook for placing bets on-the-fly. The Live Bitcoin Casino option is said to give a real-life casino experience with tables always ready to accommodate the players.
Getting Started
New to Coinbet24? Starting off on the platform is a simple and straightforward process which is in many ways no different from creating a new account on any of the social media platforms. The user will have to just provide their email address, set a password and confirm it, select their country of residence and select their preferred currency to start betting on Coinbet24. Once the account is created, they will receive an email with a link on the address provided during sign up. The new account will be verified after the user clicks on the verification link. They can also provide additional information during sign up to secure their account and also for compliance purposes if required. Users providing additional information will also receive periodic communication on various promotional events.
New users can get to know more about the platform and learn how to place bets by navigating through various resources and the Coinbet24 blog section that is available within the site.
Deposit and Withdrawals
Coinbet24 supports both cryptocurrency and fiat payments. The list of cryptocurrencies supported by the platform includes Bitcoin, Bitcoin Cash, Ethereum, Litecoin and more. Among the fiat deposit options are Credit Cards, Bank Transfer (for Turkish Customers), PerfectMoney and EcoPayz. The minimum deposit amount varies for each deposit method with the smallest being 0.001BTC, USD 0.1 for PerfectMoney, USD 20 for Credit Cards and EcoPayz. The minimum deposit for bank transfer is either TRY 50 or TRY 100 depending on the originating bank. There is no deposit fee on Coinbet24, and all transactions are almost immediate except for the bank transfer which may take up to 20 minutes to reflect in the user account.
Players can withdraw their winnings by choosing the withdrawal method of choice and filling the necessary information. Coinbet24 processes all the requests within 12 hours of submission, with the quickest being small crypto withdrawals in under few minutes, followed by PerfectMoney and EcoPayz in about 30 minutes. Larger crypto withdrawals take as much as 12 hours to be processed.
Games and Promotions
The Coinbet24 has a vast collection of online Bitcoin gambling titles, most of them created by some of the leading gaming solutions providers in the industry. The games on Coinbet24 include a wide range of titles under Table Games, Slots, Poker, Video Poker, Dice and Live Casinos. The list of popular Bitcoin betting games includes multiple Roulette and Blackjack offering, Baccarat, Pontoon, Bitcoin Slots in different themes, multiple flavors of Poker, Video Poker and Dice games.
The Bitcoin Video Poker tops the list as the game with the biggest return to player yields among all the games, while the lottery-based Scratch Dice is a gambler’s dream who wants to just keep wagering without having to involve too much into the gameplay itself.
Similarly, the Bitcoin Live Casino tables feature Blackjack, Roulette, Baccarat, Texas Hold’em, Andar Bahar and Live Lottery games. All the games featured on Coinbet24 are provided by SoftSwiss, Endorphina, Ezugi, Amatic, Habanero and BetSoft.
The Bitcoin Sportsbook section with its usual long list of sporting tournaments and events comes with two different modes of betting. Users can either choose a “single” betting slip for all selections to be graded individually, or a “combi” slip for the selections to be graded together. Or they can choose “system” and make their own combination of single as well as combi betting slips. The bankers options available on the platform will ensure that upon selection, any banker will always be present on all bets. There is a minimum stake applicable on Sportsbook, which is BTC 0.0005, TRY 1, USD 0.5, EUR 0.3 or VND 7500.
Coinbet24 always has various promotions and bonus programs on offer. The main bonus offering is the 100% first deposit bonus of up to BTC 1 that can be claimed as and when they open the account. Similarly, users providing personal details while signing up will receive an additional 10 free spins upon verification of their mobile number. They will also be eligible to access special campaigns and bonuses in the future, which will be communicated with them directly in the form of messages. There is also a Casino Introduction Bonus where the users can avail a 50% deposit up to mBTC 100 when they start using the Coinbet24 Bitcoin Casino.
Coinbet24 has an innovative 0-0 Premier League Insurance for Bitcoin Sportsbook users, which was introduced for the 2018-19 EPL Season. Here those placing pre-match correct score bet could avail a refund of stake up to mBTC 50 if the match ends with a 0-0 score. There are also Boosted Coupon promotions issued periodically which can be collected to avail boosted odds for select games.
Customer Support
Coinbet24 considers customer requests and queries at the highest priority and has set in place a robust customer support process to address them. The customer support channels are available every day from 7 AM till 10 PM (GMT) and can be reached either through email to [email protected], contact form on the website, Coinbet24’s Facebook page or the live chat window available on the website.
Coinbet24 is a secure cryptocurrency gambling platform that is regulated by Curacao Gaming. It implements 128-bit SSL encryption throughout the website to ensure the safety of information and funds. Further, the platform doesn’t insist on personal details from the users, which further reduces the risk of personal data being breached in a rare event of security breach, if ever it happens. Also, the listing of games from reputed suppliers and cryptocurrency transactions adds to additional security and peace of mind for the users.
Coinbet24 is a simple, easy to use platform which offers a long list of familiar games from well-known game creators. It is a licensed operator with a decent track record. Taking all these into consideration, those who are looking for a decent, hassle-free gambling platform can definitely try it out.
Register and start playing on Coinbet24 here
The post Review: Coinbet24 appeared first on Live Bitcoin News.

The Sacramento Kings Will Auction Retired Jerseys On the ETH Blockchain

Sports and blockchain technology have gotten along quite well in the past few years, and the latest evidence shows how much that relationship has matured. The Sacramento Kings basketball team is working with ConsenSys to launch a new blockchain-based auction platform that will allow it to sell retired jerseys on the Ethereum network.
The Kings and Ethereum: A Perfect Match?
The partnership will permit individuals to “live-bid” on retired jerseys. The maneuver is designed to fight fraud and ensure that all bets and materials can be sourced, thereby keeping transactions authentic and valid.
The ones who stand to benefit the most are the fans who purchase the jerseys. In a statement, the Kings suggested that fraud is quite common in sports-related auctions, and much of the items purchased are sold through individuals who are looking to gain even more money on what they’ve already purchased. This time around, however, users will be purchasing the jerseys directly from the Kings themselves and not from individuals or resellers.
Also, the auctioned items will all be registered on the Ethereum blockchain, thereby establishing histories for the items to ensure they’re real.
In a statement, the Kings mention:
The total value of the [United States] sports memorabilia market has been valued at $5.4 billion annually, yet there are no industry standards for authenticating items and protecting fans from purchasing counterfeit merchandise. Through this partnership, the Kings and ConsenSys are effectively increasing the resale potential for authenticated merchandise on secondary markets.
The team has also mentioned that all proceeds from the auctions will go to charity. Among those expected to receive funds are victims of Hurricane Dorian, while money from later auctions will go to the Sacramento Kings Foundation.
At the time of writing, the auction is scheduled for Wednesday, January 22. The highest set price for a jersey is currently set at $730.
The Kings team has a long history with crypto. In the summer of 2018, the organization became the first sports team to mine Ethereum for charity through an initiative known as “Mining for Good.”
In addition, the team appears to have started a trend and convinced other players to accept crypto as a method of payment. One such team to do so is the Dallas Mavericks, co-owned by billionaire Mark Cuban of “Shark Tank” fame.
Accepting BTC Without Liking It?
The irony here is that many times, Cuban has spoken out against bitcoin and cryptocurrency in general. However, he ultimately became convinced to allow bitcoin payments for tickets and team memorabilia given that there was a “huge demand” to do so. Many fans were reportedly asking the team to permit crypto payments, and Cuban felt he didn’t want to turn away from potential innovation.
Thus, despite standing against bitcoin, he allows it for the team.
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