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Fairspin Adds 3 New Providers to Offer 2000+ Games, Processes Over $20,000 One-Time Payouts in May 2020

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The popular blockchain casino Fairspin has made itself more attractive to its patrons by introducing lots of new options. It recently announced an expansion in the number of game titles and developers listed on the platform.

According to Fairspin’s press release, three leading developers Quickspin, Pragmatic Casino and Pragmatic Live have been included to its list of providers. With this addition, the number of providers on Fairspin now stands at 12 with over 2000 game titles divided among them.

Fairspin holds the distinction of being the first mover in the online gambling industry by implementing a combination of classic gambling games with blockchain technology for added transparency and uncompromised user experience. The Fairspin casino is integrated with the TruePlay platform powered by its native TPLAY tokens. Through this integration, Fairspin stores all gaming transactions in ERC20-compliant TPLAY tokens so that players can verify all deposits and withdrawals at any time over a blockchain explorer. Apart from the payout history, the casino also lists payout percentage of each game on its website and respective smart contracts.

The use of smart contracts to store gaming transactions and the added anonymity offered by Fairspin makes it one of the most transparent online gambling platforms of all time. The online casino is also known among gambling enthusiasts for the exciting winning opportunity it presents. A lot of players have been able to put their funds, bonuses, and promotional freebies to good use a win a small fortune.

May the Fairspin Be with You

As various countries imposed lockdowns to contain the spread of COVID-19 pandemic, a lot of people found refuge in online gambling. Fairspin registered a huge surge of about 57% in the number of people visiting the platform during the months of April and May as compared to February.

The month of May 2020 also witnessed some big one-time payouts, with the top three winners raking in 37.89 ETH ($9,090), 29.74 ETH ($7,244) and 0.48 BTC ($4,683) on May 28, May 30, and May 14, respectively. These winnings can be confirmed on the blockchain. The largest one-time payout on Fairspin currently stands at 2.5 BTC ($22,000 at the time of transaction) earlier this year in March 2020.

So far, Fairspin has processed over 95,486 ETH, roughly equivalent to $22.3 million in winnings to its patrons.

Winning Date Payout Amount Game
May 28, 2020 37.89 ETH ($9090.00) Warlords: Crystals of Power by NetEnt (mobile version) – The user started playing with a balance of 1.54 ETH. A bet of $15 brought a big win of $6,924. (The game’s payout percentage: 96%)
May 30, 2020 29.74 ETH ($7244.00) Dragon Legend by PGSoft – The user started playing with a balance of 7 ETH. A bet of $54 brought a big win of $4,020. (The game’s payout percentage: 117%)
May 14, 2020 0.88 BTC ($4683.00) Book of Gold: Symbol Choice by Playson – The user started playing with a balance of 0.16 BTC. The player used bonus spins to make a bet of $5 and won $1,645.

What’s Hot on Fairspin

Fairspin constantly offers exciting bonuses and promotional offers to its users. The online blockchain casino is now offering plenty of free spins giveaways, which are being frequently announced on its official social media and other channels. Fairspin is also organizing tournaments by Booongo and Playson with prize pools between €20,000 and €50,000.

Both new and existing players on Fairspin are eligible for deposit bonus. New players registering on the platform now receive 100%-200% bonus on their initial deposits. Similarly, existing players can get 20%-40% bonus on their continued deposits, which can be used to place more bets.

Fairspin also has a cashback program with cashback ranging from 5% to 25% of the wager based on the games.

Players wishing to win more on the platform can try these 4 most sought-after games

  • Claws vs Paws with sum of winnings at $16,555 and payout of 96%,
  • Hip Hop Panda at $13,381 in winnings and payout of 97%
  • Double Bonus Poker with winnings at $11,864 and payout of 98%

Warlords: Crystals of Power with winnings at$10,183 and payout of 96%

Want to try Fairspin? Visit https://fairspin.io/ and start playing.

Source: https://www.newsbtc.com/2020/07/13/fairspin-adds-3-new-providers-to-offer-2000-games-processes-over-20000-one-time-payouts-in-may-2020/?utm_source=rss&utm_medium=rss&utm_campaign=fairspin-adds-3-new-providers-to-offer-2000-games-processes-over-20000-one-time-payouts-in-may-2020

Blockchain

Uniswap Retroactive Proxy Contract Airdrop Proposal Receives 28 Million Votes

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Community voting is on for Uniswap’s new governance proposal. The same will see users receive more than 5 million UNI tokens via a proxy contract. As of now, more than 28 million votes have gone in favor of the airdrop. Around 1.3 million votes are against the proposal.

Voting Begins For Uniswap’s Second UNI Airdrop

The voting process is on for passing Uniswap’s Phase 1 of Retroactive UNI Governance Token Distribution. The proposal, if successfully passed, will see 12,619 wallet addresses receive 400 UNI tokens each. However, for the successful receipt of the tokens, they must have interacted with the DEX through a third party or a proxy contract.

As per the numbers shared in the description on the official Uniswap website:

Specifically, this proposal transfers 5,047,600 UNI to a new MerkleDistributor contract, which will then allow for 400 UNI to be claimed by each of the 12,619 accounts held by users of the following projects:

Project Accounts % of total
Argent 3418 27.09%
DeFi Saver 890 7.05%
Dharma 2833 22.45%
eidoo 301 2.39%
FURUCOMBO 57 0.45%
MEW 4278 33.90%
Monolith 19 0.15%
Nuo 740 5.86%
Opyn 79 0.63%
rebalance 4 0.03%

Currently, the airdrop proposal has received upwards of 28 million votes. And around 1.3 million are against the helicopter-like distribution of Uniswap’s governance tokens. Voting will end on October 31 at 8 AM UTC. A quorum of 40 million votes is necessary to pass the proposal.

Dharma Protocol Proposed The Proposal Because…

Back in September, its users were left out of the initial airdrop. According to the Dharma team,

the way the retroactive airdrop was architected seemed to make a slight oversight in the snapshotting process — only addresses which directly called the Uniswap contracts were considered to be users.

Also, increased programmatic bot proliferation might have resulted in one user having multiple addresses. As per the description:

The Phase determination was made based on how easy it is to programmatically hook a trading bot into them, as this is a proxy for what portion of these cohorts risk representing multiple addresses per end-user. Phase 1 is the less programmatically accessible cohort, indicating a lower likelihood of multiple addresses per end-user.

If Phase 1 Passes, There Will Be Phase 2

On the successful passing of the first phase, Dharma has pledged to put in place a second UNI governance token distribution proposal. But they have also discretely mentioned their agreement to the final result (success or failure) of both voting processes.

If either Phase fails, we will accept that as the final determination of the Uniswap community. Should both Phases pass, we will not vote in favor of any further retroactive airdops.

Has this proposal gone down well with other members of the community? Well, some like Jeff Dorman, CIO of the investment management firm Arca have presented a bullish case for UNI (as opposed to those who think the proposal will actually devalue the token’s price).

In a detailed Tweet thread, Jeff called Uniswap’s governance token a ‘pass-thru token.’

UNI is being misrepresented as a “governance” token, and the market has shown that governance has no value. But in reality, UNI is a pass-thru token — where revenues will be passed thru to token holders. $UNI holders are about to earn a very large revenue stream in Feb 2021.
Will Jeff’s views hold true, and will we see the current phase of the UNI airdrop proposal win a majority? That remains to be seen.
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Source: https://cryptopotato.com/uniswap-retroactive-proxy-contract-airdrop-proposal-receives-28-million-votes/

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BREAKING: Bitcoin Just Broke To Its Highest Price Since Jan-2018

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Bitcoin is having a good year despite the coronavirus panics and the nervousness of the markets.

After reaching an annual high of about $13863 on Oct. 28, the world’s largest cryptocurrency by market capitalization underwent a sharp correction of almost $1000 before rebounding and stabilizing at $13281.

From that point on, it began a stable recovery process, with small daily growths, closing on Friday near $13680.

Today October 31st, Bitcoin managed to break that record, reaching $14,100 (Bitstamp) at the time of writing. This represents a 5% growth in the last 24 hours.

Bitcoin’s Ascend to New Highs

Bitcoin has been on a bullish streak since March, when the crash in the financial markets erased all the gains it had made throughout the year, taking the token to the lowest level since April 2019.

For those swing and position traders, things are looking pretty rosy. The cryptocurrency has respected the bullish channel that was formed since March. If the trend continues, the most robust support in the channel could be near $11,500 with significant resistance above $14,500, a level not experienced since early 2018, when the BTC bearish run began after the 2017 bubble burst.

btcusd_oct31
BTC/USD. Source: TradingVIew

From a technical standpoint, Bitcoin is in an overbought zone. The RSI is above 70 points, so caution is advised in the face of a possible later sell-off. Market sentiment and announcements from large financial institutions are currently serving as support to continue pushing up prices.

For example, MicroStrategy recently raised its investment in Bitcoin to $450 million. Square bought $50 million in Bitcoin, and PayPal added support for purchasing cryptocurrency. This has undoubtedly helped boost investors’ confidence who are tired of almost 2 years of struggling.

The MACD doesn’t give a clear signal to traders. Still, it does point to a continuation of the uptrend in the short term – although the closeness between the “short” and “long” lines shows that a normal correction can occur at any time.

Respecting Short-Term Boundaries

In the short term, Bitcoin has respected the Fibonacci retracements: The corrections have not broken below the $12,900 support, and both the RSI and MACD point to a possible price correction after the recovery.

The proximity of the U.S. presidential election could also play a key role in Bitcoin’s behavior in the coming weeks. There is a general belief that an eventual victory for Trump could lift investors’ optimism. At the same time, Biden could cause nervousness and a possible fall in the stock markets.

Bitcoin could follow these trends, although there are reports that, in general terms, the crypto is decoupling itself from any other traditional financial market. However, an eventual change of president in the United States is an event big enough to consider before making any investment.

If things stay within ordinary, Bitcoin could touch its ATH halfway through next year. Never before has Bitcoin’s price been above $10,000 for so long, and this is a sign of strength.

The bullish run of the past few months could also be considered the most apparent upward trend since the 2017 bubble. In fact, this movement looks more natural and mature than the one of 3 years ago.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/breaking-bitcoin-just-broke-to-its-highest-price-since-jan-2018/

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Crypto Market Cap Gains $15 Billion as Bitcoin Price Touches $14,100 (Market Watch)

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Bitcoin’s roller-coaster continued in the past 24 hours with significant fluctuations resulting in a few $500 moves and it finally breaking the previous 2019 high. The altcoins have taken a breather with some green charted, and the market capitalization has increased by around $15 billion.

Bitcoin Goes On A Wild 24H Ride

It’s safe to say that Bitcoin’s dull days are behind the cryptocurrency. As CryptoPotato reported yesterday, ECB’s announcement drove the asset to nearly $13,700 before losing about $450 rather rapidly.

The price drop resulted in BTC’s intraday low of about $13,150. Since then, though, the primary cryptocurrency has been gradually increasing.

Just a few hours ago, this materialized in a daily high of about $14,100 on Binance, which is a price point that we haven’t seen since January 2018. Since then the cryptocurrency retraced to about $13,900 where it currently trades. It’s interesting to see whether BTC will be able to keep up with its bullish momentum.

btcusd_chart
BTC/USD. Source: TradingView

In any case, Bitcoin’s dominance also increased slightly to where it’s currently sitting at 63.7%. This shows that altcoins have still been unable to break serious grounds, though most of them are in green dollar-wise.

A Breath Of Fresh Green For The Altcoins

The alternative coins didn’t enjoy the past few days. However, most have been recovering since yesterday.

Ethereum managed to sustain its price above $380 yesterday, and a 4% increase has driven it near $392. Ripple (2.1%), Binance Coin (1.6%), Chainlink (3.7%), Polkadot (5%), Cardano (2.6%), and Litecoin (5%) are also in the green.

heatmapt_overview
Cryptocurrency Market Heatmap. Source: Quantify Crypto

As it typically happens, more fluctuations are evident among lower and mid-cap altcoins. Blockstack leads the way with a 17% price jump, and ABBC Coin follows with a 16% increase.

Ren (11%), Ocean Protocol (10.5%), Yearn.Finance (10%), and Reserve Rights (10%) are the other representatives of the double-digit price pump club.

Overall, the total market capitalization has increased from yesterday’s low of $390 billion to $405 billion.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/crypto-market-cap-gains-15-billion-as-bitcoin-price-touches-14100-market-watch/

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