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Official Guide 2019: The Best Bitcoin Casinos & Sportsbooks | Best Sign On Bonuses, No Deposit Bonuses, Top Paying Affiliate Programs, Top Mobile Casinos & More!

The Official Guide to the Best Bitcoin Casinos & Sportsbooks of 2019 The top Bitcoin Casinos & Sports Betting Sites, the best Sign on Bonuses, No Deposit Bonuses, 150% Deposit Bonus Match, Free Spins & More. Plus: The Top Paying Affiliate Programs, Best Mobile Bitcoin Casinos & More! U.S. Residents approved, 100% Authentic Reviews The […]

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The Official Guide to the Best Bitcoin Casinos & Sportsbooks of 2019

The top Bitcoin Casinos & Sports Betting Sites, the best Sign on Bonuses, No Deposit Bonuses, 150% Deposit Bonus Match, Free Spins & More. Plus: The Top Paying Affiliate Programs, Best Mobile Bitcoin Casinos & More! U.S. Residents approved, 100% Authentic Reviews

The Best Bitcoin Casinos of 2019
The Best Bitcoin Casinos of 2019

The Best Bitcoin Casinos of 2019

You can get up to 1 BTC in bonuses with your deposits using Cryptoclarified’s exclusive link!

You might not know it, but online casinos love players who use bitcoins. That’s why we cryptocurrency folks get bigger and better bonuses than players who play with old-school fiat currencies.

Players who deposit in Bitcoin or smaller cryptocurrencies get better bonuses because accepting credit card (deposits or even debit card or Neteller or Skrill) is a big, expensive hassle for casinos. Bitcoin deposits, on the other hand, cost next to nothing and are simple for everybody involved.

As a Bitcoin player, you can easily get deposit bonuses up to 1 bitcoin per deposit. These kinds of sums are amazing when you consider that typical fiat-money bonuses are much smaller. For example at BitStarz you get nearly 20x(!) bigger bonus with BTC than you would with fiat money.

These bonuses match your deposit with a certain percentage, which usually is 100%. So deposit 100 mBTC to get 1 mBTC bonus for example. The extra money might not be all you get, as some casinos sweeten the deal by handing you free spins on top of your deposit bonuses, like the good folks at FortuneJack.

So in short, you can expect to get a lot of free bonus money when you deposit with bitcoin. The only exception are betting sites, which sometimes offer free bets instead of deposit bonuses.

Read: Bitcoin Casinos- The Future Is Here

Top Bitcoin Casino Deposit Bonus 2019

What Types Of Casino Bonuses Are Offered? How Do They Work?

Welcome Bonus

Welcome BonusThe one bonus almost every casino offers is a welcome bonus. This is a bonus given to new players when they first register with the casino. It is a great way for the casino to start off on the right foot with their patrons and for them to show their appreciation. It is also a good way for new players to test out games and see which ones they enjoy the most.

How do they work? First, log into your casino account. Then, while you are making your first Bitcoin deposit, you will be able to redeem a bonus code. After redeeming the code, you can collect the bonus and being to meet the wagering requirements so you can eventually withdraw.

Deposit Bonus

Deposit BonusMost online casinos offer a deposit bonus.

This is a type of bonus that players receive after depositing Bitcoin into the casino as a show of gratitude. For instance, if you make a deposit of $10, the casino might match that ten, essentially giving you $10 worth of bonus cash.

A deposit bonus will typically have a set percentage. If a casino offers 100% match bonus, they will match the whole value of the deposit. However, they will almost always have a cap. Other casinos may offer a 75% match bonus or a 50% match bonus, or even a %200 match bonus.

Bet and Get

Bitcoin BonusThis is another promotion you will come across, especially in online casinos that offer online sports betting. If you make a $20 sporting or online bet, the casino might give you $10 to use at the casino’s other games.

However this type of bonus can get even more generous sometimes offering offers more in the play/spend $10 get $50 in bonus chips.

As customers, and regulators, get less and less keen on wagering requirements this type of bonus makes more sense and we expect to see more of them coming in over the next 6-12 months.

Free Spins

Free SpinsFree spin bonuses are a popular promotion geared toward slot games. A lot of times you will see the free spin bonus show up as part of a welcoming package.

For example, a casino might offer a welcome bonus when a new player signs up where they give a deposit bonus plus 100 free spins. Some casinos give a free spin bonus to players when they register for the website, even if they do not make a deposit.

Typically, free spins only work on slot games. Sometimes, the free spins also work on other games. The terms and conditions of the given promotion will tell you what games are included in the free spins.

Free Bonus

No Deposit BonusA free cash bonus is a chance to play without actually risking any of your money. A casino might offer $20 of free money to new members when they first register. Casinos will also give free bonuses to existing customers as a way to incentivize them and gain their loyalty. Free no deposit bonuses are attractive to players because they get the chance to win real money without having to put any of their own money on the line.

The free play bonus is another common bonus you will see. This bonus is similar to a free cash bonus, but the bonus is time-restricted. For example, a casino might provide the customer $50 of free play, but once the bonus is claimed, the customer might only have an hour to play with the free cash. Once the hour is up, you can exchange your winnings for a smaller percentage of real money. You will see this type of bonus both as a welcoming bonus and as a loyalty bonus.

Wagering Requirements & Casino Bonuses

All Bitcoin casino bonus offers and deals will have wagering requirements attached. It’s important you understand them before you get started…

What are they? Simply put a wagering requirement is a condition attached to any bonus which stipulates a number of bets (or wagers) you must place before you can withdraw your bonus/winnings.

So if the casino gives you $2,000 bonus and attaches a 35x wagering requirement, you would need to wager $70,000 before you can make a withdrawal of any winnings or bonus awarded.

Often times, a bonus will specify eligible games. If that is the case, you have to wager the money on those designated games for them to count toward the wagering requirement. If you forfeit the bonus, the initial bonus and any of the winnings that came from that bonus will be removed from your account. If there is a wagering criteria, you will have a set time period to meet the requirements of the terms and conditions or the bonus and winnings will automatically be forfeited.

Not all games contribute equally to the wagering requirement and this differs at different Bitcoin casinos. As an example: 100% of your wagers could contribute to the requirement when you play slot games and speciality games. The percentage might then be less for table games, video poker, blackjack roulette, and baccarat.

Certain games can even be excluded for wagering requirements so it’s important to familiarize yourself with the terms before you start playing. It is recommended to join one of the Provably Fair Bitcoin Casinos.

How Do Bitcoin Casino Bonuses Work?

Casino Bonuses

Bitcoin casino bonuses work like regular online casino bonuses. There is a slight difference if the bonus is a deposit bonus. When you deposit Bitcoin into the casino, the coins are translated into a fiat amount. The fiat amount is what shows as your bonus amount.

The Best Bitcoin Casino Bonuses of 2019

The Best Bitcoin Casino Bonuses 2019

The Best Bitcoin Casino Bonuses of 2019

#1 BetChain

BetChain

Bonuses:

Betchain Exclusive Bonus
Betchain Exclusive Bonus : 150% Bonus Plus 200 Free Spins

Exclusive Cryptoclarified reader bonus: 150% deposit bonus match up to 1BTC on the first deposit + 200 Free Spins!

  • 1st: 150% up to 1 BTC + 200 Free Spins
  • Total: 2.5 BTC + 200 Free Spins
  • No deposit: 20 Free Spins
  • Total with High Roller bonus: 5.25 BTC
  • ETH, LTC, DOGE and BCH bonuses available

Join Now


#2 mBit Casino

Bitcoin-PR-Buzz-mBit-Casino-New-Design

mBit is different from other platforms represented here, as it offers sportsbooks alongside with casino products. Launched in 2014 by Direx N.V., mBit offers gambling with the help of Bitcoin, Litecoin, Dogecoin, Ethereum and Bitcoin Cash. It is licensed by Curacao, much like other platforms. You can register an account here without scanned ID to withdraw coins to your wallet.

Bonus

You have the largest bonus out of all four companies for your first ever deposit at mBit.

  • 200% up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE.
  • Second deposit, you have 50% for the same volume as first while third offers 25%
  • Accepts BTC, LTC, BCH, ETH, Doge

Join Now


#3 FortuneJack

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Join Now


#4 BitStarz

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The promotion section of the company offers bonuses for first and several other deposits made in fiat money and bitcoins.The service is similar to what others, like Fortune Jack, mBit,andBitcasino, offer. The following bonus program is currently available to you:

  • first deposit: 100% up to 1 BTC + 180 free spins
  • second deposit: 50% up to 1 BTC
  • third deposit: 50% up to 2 BTC
  • forth deposit: 100% up to 1 BTC
  • individual game bonuses: double more wins on Rookie
  • simple sign-up bonus: 20 free spins with no deposit required

Join Now


Best No Deposit Bonuses

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Some Bitcoin casinos offer also bonuses, where you don’t have to deposit any Bitcoins to the site. This Bitcoin casino no deposit bonus is a good way of building your casino roll with no risk.

No deposit bonuses:

A Word To The Wise..Be Careful With New Platforms

With the growth of bitcoin network, so did the number of casinos turning out to be complete scams. Bonus promotions by new players in the market often seem to be “too good to be true”. Unfortunately, if you have that feeling when looking on new gambling platform, in most cases, you would be right. So, make sure to check out acouple of facts about the website before you decide to invest your funds:

  • gambling platform holds a license for its operations, issued by the governmental agency;
  • owners of the company are known to the general public, with clearly stated location of headquarters
  • proof of insurance of funds and/or cold storage of coins
  • customer reviews already available in the crypto communities.

The Top Bitcoin Sportsbooks- 2019 Official Guide

Bitcoin Sports Betting

Why Bitcoin For Sports Betting?

The security and privacy advantages offered by Bitcoin make it the optimal option for sensitive financial transactions, such as funding your online sportsbook account. Find out why Bitcoin has become the most effective financial tool for sports bettors who conduct business online.

Sports Betting Sites & Online Casinos Go Mobile

Technology is always advancing, and now some of the Best Bitcoin Sportsbooks for U.S. Customers (and worldwide) have updated their sites to allow players to place bets directly from their phone or tablet.

Check out our list of the Top Mobile Bitcoin Casinos & Sportsbooks for 2019.

Now you can bet on your favorite team, play poker, blackjack, 3D Slots and win real money from the comfort of your home while on your phone. No longer do you have to walk over to your computer to place your bet.

Zero Third Party Oversight

Due to the restrictive nature of federal laws on sports betting, American sports bettors have few choices when it comes to legal sportsbooks. With very few options, America’s legions of sports betting enthusiasts must place their wagers through offshore online sportsbooks like 5Dimes, Pinnacle, or Bovada.

While these sportsbooks usually have no issue accepting deposits from U.S. Customers, most banks will attempts to fund online sportsbook accounts.That’s where Bitcoin comes in, as the virtual currency’s design and structure is perfectly suited to solve this dilemma. By using Bitcoin to conduct these transactions, you avoid the threat of third party oversight entirely, as the exchange involves you and the sportsbook alone.

Bitcoin’s Blockchain Means Little to No Transaction FeesEvery online sports bettor knows that you can almost always deposit to a site free of charge, but withdrawing your winnings usually incurs a hefty fee. That’s because collecting your winnings from an online sports bet typically involves paying off the middleman.

However, a lack of fees is an extension of the Bitcoin blockchain’s fundamental design. With no middlemen standing between the payer and the payee, blockchain transactions don’t cost anything at all. Most Bitcoin transactions average a “fee” of just $0.04.

Funds Get There Faster

Continuing the benefits of cashing out via Bitcoin, bettors will be pleased to note that transactions typically take just minutes to complete.

Bitcoin Prevents Identity Theft and Fraud

Rather than input your credit card number, expiration date, and security code into an unsecured website form, Bitcoin transactions require only your address, along with your private and public keys. Bitcoin is a cryptographic currency at its core, so encoded data is an essential component of the exchange process.  Even better, while a Bitcoin address can be calculated through its corresponding private key, reversing this process is impossible.

This makes Bitcoin by far the safest currency available for bettors searching for a way to load their online sports book account without sacrificing valuable private information.

Finding a Trustworthy Bitcoin Sportsbook

Once you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you.Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies

The Best Bitcoin Sports Betting Sites

Best Bitcoin Sports Betting Sites of 2019

The Best Bitcoin SportsbooksOnce you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you. Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.

Top Crypto Casinos along with Top Online Bitcoin Casinos & Bitcoin Sports Betting Guide have each independently tested over 50 Different Bitcoin Sportsbooks & Casinos.

All of the Independent 3rd parties mentioned have Placed Bets, Deposited & Withdrew Funds, and used our experience along with the experience of several others to provide Rankings & Reviews of the Best U.S Friendly Bitcoin Sportsbooks & Casinos.

HE MADE OVER $25,000 IN ONE DAY PLAYING SLOTS AT THE TOP 4 BITCOIN CASINOS
The Best Mobile Bitcoin Sportsbooks of 2019

The Best Mobile Bitcoin Sportsbooks of 2019

Anonymous end-to-end crypto sportsbooks offer the following advantages over government currency sportsbooks.Unrestricted; all sportsbooks listed here accept players from United States.

Almost free and instant deposits and withdrawals of any amount 24/7.Sportsbooks save so much in banking and compliance that they can give higher odds.

Top Mobile Bitcoin Casinos & Sports Betting Sites that allow anonymous registration

Why Bet Anonymously?

  1. Betting anonymously makes it impossible for a sportsbook to limit you for winning too much.
  2. Betting anonymously makes it impossible for a sportsbook to sell or misuse your personal information
  3. Lastly, betting anonymously makes it easier to avoid legal and tax issues

Mobile Bitcoin Sportsbooks

U.S. Residents can now Bet on sports via phone/tablet

In addition to the many benefits of betting in Bitcoin versus cash, avoiding the 5-10 business day wait to receive your winnings, dealing with the sketchiness of your neighborhood bookie is now a thing of the past.

Convenience is quickly becoming the number one trait sought after by players and fans of online gaming and with the successful transit of software to mobile devices, this trend has been accepted as a standard. The industry has seen a shift towards mobile gaming, with downloadable and instant-play software from major online gaming establishments, and recently even Bitcoin sites have jumped on the wagon.

The appeal of a mobile Bitcoin sportsbook is easy to recognize – it offers access to games and matches from a mobile device, with the security and instantaneous transfers that are a trade mark of the online cryptocurrency.

The Best Mobile Bitcoin Sportsbooks for 2019

#1 Nitrogen Sports

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Nitrogen Sports bitcoin-only sports book & casino is easily another one of the best mobile bitcoin sportsbooks: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.Nitrogen Sports is our favorite “bitcoin only” sportsbook.  Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site.  They are headquartered in Costa Rica and owned by IdealMedia.com

  • Easily the biggest, most established and trusted bitcoin bookmaker.
  • 100% anonymous.  Nitrogen do not even ask you to provide an email address.
  • Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
  • The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
  • Deposits are credited with zero confirmations and withdrawals process in hours.
  • The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
  • 2-Factor Authentication available.  Support provided via live chat or ticket system.
  • Nitrogen Sports does NOT offer a deposit bonus but do they run some fun promos.

Join Nitrogen Sports


#2 FortuneJack

Top Bitcoin Sports Betting Sites (US Approved) Anonymous Registration

Join FortuneJack


The Best Bitcoin Casino Affiliate Programs

The Best Bitcoin Casino Affiliate Programs 2019

#1 BetChain

The Best Bitcoin Casino Affiliate Programs 2019
The Best Bitcoin Casino Affiliate Program of 2019

#3 mBit Casino

Top Paying Bitcoin Affiliate Programs 2019
Highest Paying Bitcoin Affiliate Program 2019

#4 FortuneJack

From FortuneJack:

PARTNERSHIPS ARE AN IMPORTANT PART OF OUR LONG-TERM STRATEGY, SO IF WE CAN’T MAKE YOU HAPPIER THAN ANYONE ELSE YOU COULD PARTNER WITH, THEN WE CAN’T SUCCEEDTHREE IMPORTANT THINGS:

Apply now to become our newest affiliate, so you can SIGNIFICANTLY INCREASE the amount of money you make from every website visitor, email subscriber, and audience member you have: There are many ways to build an online casino – content marketing, advertising, video, blogs, social media, etc. We decided from the start that partnerships with high-quality sites and email list owners would be a big part of our long-term strategy for success.

And based on our more than 20 years in the casino industry, we’ve learned that the partnership and affiliate game is all about quality. We know from experience that high-quality partners refer high-quality players, and high-quality players are more profitable, AND one high-quality partner can refer 10, 20 or even 30 times as many players as a low-quality partner…

So, from the start our goal was to do everything in our power to attract and keep the best, highest-quality partners we could find – like you.

To accomplish this, we realized that we would need to make you happier than any other casino, or even any other potential monetization partner could, so we set out to create the highest commissions, with the fewest number of players referred, with no revenue minimums, and a lot more.


New To Bitcoin? Check Out This Video by Mashable

See: Top Casinos Reviews & Rankings

View: Official Guide: The 6 Best Bitcoin Casinos & Sportsbooks 2019

Learn: Advantages of Gambling with Bitcoin Top Bitcoin Sportsbooks 2019

True Story: Bitcoin Casinos: Writer Makes Over $25,000 In A Day Gambling Online at Bitcoin Casinos & Sportsbooks

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Earn Money as a Bitcoin Affiliate

The post Official Guide 2019: The Best Bitcoin Casinos & Sportsbooks | Best Sign On Bonuses, No Deposit Bonuses, Top Paying Affiliate Programs, Top Mobile Casinos & More! appeared first on CryptoClarified.

Source: https://cryptoclarified.com/official-guide-2019-the-best-bitcoin-casinos-sportsbooks-best-sign-on-bonuses-no-deposit-bonuses-top-paying-affiliate-programs-top-mobile-casinos-more/

Blockchain

Darknet Marketplaces Expanding Amid Growing Appetite for Illegal Goods

Despite tightening law enforcement actions, darknet marketplaces are multiplying as the appetite for illegal goods and services like drugs and firearms continues to grow. Several reports from investigations by government authorities show cryptocurrencies being a popular payment method on these illicit online marketplaces. According to crypto forensic firm CipherTrace, darknet marketplaces are on the rise. […]

The post Darknet Marketplaces Expanding Amid Growing Appetite for Illegal Goods appeared first on BeInCrypto.

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Despite tightening law enforcement actions, darknet marketplaces are multiplying as the appetite for illegal goods and services like drugs and firearms continues to grow.

Several reports from investigations by government authorities show cryptocurrencies being a popular payment method on these illicit online marketplaces.

According to crypto forensic firm CipherTrace, darknet marketplaces are on the rise. Research by CipherTrace shows 35 active platforms hosting numerous vendors servicing thousands of users.

Given the existence of dark market templates, new platforms are reportedly emerging at an accelerated rate. Intending darknet store operators now need only to purchase such a template that they customize to their taste before installing on secure servers.

Data from CipherTrace claims that it costs only $599 payable in Bitcoin (BTC) or Monero (XMR) to acquire these templates. Operators can also receive additional customer support for a fee of between $50 and $90.

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Based on the relatively small upfront cost and the potential for a huge upside, the darknet marketplace arena is also seeing frequent exit scams. Having built up a sizeable reputation with massive amounts held in escrow, these scammers often disable the withdrawal option while still accepting deposits.

In the end, users eventually catch on but not before the operators siphon more money from unsuspecting customers. According to Vice, the defunct Empire darknet market absconded with about $30 million back in August.

Apart from the allure of stealing user deposits, the increasing focus of law enforcement agencies on the illicit dark web trade is another likely reason for the many exit scams. As previously reported by BeInCrypto, a U.S. Department of Justice (DoJ)-led crack team announced the seizure of $1.6 million in crypto from darknet vendors back in September.

Despite the anonymity of the dark web, government agencies are arresting and prosecuting black-market bazaar operators on the dark web. In August, the DoJ charged two darknet opioid sellers with money laundering and wire fraud.

Source: https://beincrypto.com/darknet-marketplaces-expanding-amid-growing-appetite-for-illegal-goods/

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Blockchain

Bitcoin Unfazed by Monday’s Stock Market Sell-Off, Beats Gold As A Hedge

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Bitcoin-Gold-Stock Markets have been on investors’ radar throughout 2020. Interestingly, after Monday’s major sell-off in the stock market, BTC continues to show its strength and is trading above $13,4000 levels at press time. On Monday, Dow Jones (INDEXDJX: .DJI) corrected 650 points or 2.29 with other indices following the cue.

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This has been the biggest sell-off in the U.S. stock markets after early September 2020. However, unlike the previous time, Bitcoin continues to be going strong and bold. In fact, BTC has remained stronger than its other hedge alternative and physical asset Gold.

This clearly goes to show that BTC has been on the way to decoupling itself from the stock market. Moreover, the recent decoupling of Bitcoin sets the tone for Bitcoin’s next journey ahead. At the current price levels, BTC has already attained a new high for 2020 making the road clear for $14,000 and above.

Big Player’s Entry Helps Bitcoin Sustain

Over the last week, the BTC price has surged nearly 13% with a number of big players making an entry in the crypto space. Some of the big players from the traditional finance and payments sector are getting closer to Bitcoin.

Many analysts see PayPal’s decision to offer Bitcoin trading services as a big push for the world’s largest cryptocurrency. If this wasn’t enough, the latest market news is that Singapore’s biggest commercial bank DBS is launching its crypto exchange.

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JP Morgan: Bitcoin $40,000 Is Coming

On the other hand, JP Morgan has completely flipped its position in favor of Bitcoin. From Bitcoin is a ‘fraud’ in 2017 to Bitcoin could “crowd out” Gold, the banking giant has come a long way. As reported by Fortune, JP Morgan analysts are saying that Bitcoin could triple from the current levels.

The $40,000 price prediction for BTC comes in a research note published by JP Morgan last Friday. JP Morgan highlights Bitcoin’s emergence as a Gold-alternative, especially among the millennials. “The older cohorts prefer gold, while the younger cohorts prefer Bitcoin as an ‘alternative’ currency,” mention the research note.

The bank analysts further add that if the trend continues, it can potentially challenge Gold in the long-term term. “Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the Bitcoin price from here,” noted the bank.

The recent commentary from the bank comes on the heels of PayPal’s entry to the crypto space. Here’s a look at how BTC has attracted big players over the last few months.


To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Author: Bhushan Akolkar




Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Source: https://coingape.com/bitcoin-unfazed-mondays-stock-market-sell-off-beats-gold-hedge/

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Blockchain

Eight more projects jump on board Open DeFi

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The global DeFi alliance launched a western arm as eight new top projects commit to the consortium

The alliance, backed by a Shanghai science and technology institution, welcomed new members in eight of the western world’s top DeFi projects. The Open DeFi Alliance will now have a reach that spans from East to West following the latest onboarding. The alliance has only been around for a short while having been established last month, but it seems to be on the right track.

The eight new members are Balancer, Aave, BlockScience, SuperRare, Ocean Ventures, DyDx, Quantstamp and Outlier Ventures. These latest additions mean that the alliance now has four members that are among 20 of the largest DeFi protocols in terms of locked cap.

The pre-existing members of the consortium are Antelope Holdings, Conflux Network, Blockpower Capital, MoonSwap, dForce, DeBank, Sequoia Capital and MCDEX.

The Open DeFi Alliance was founded to pull together trendsetters in the decentralized finance space. The alliance focuses on building a universal cooperative consortium targeting key areas like liquidity strategies, risk management and innovation.

Stani Kulechov, CEO at Aave, expressed his admiration for the alliance and lauded its efforts in promoting the borderless ethos of DeFi. Kulechov added that he was delighted to work alongside other members towards realizing the objectives of the alliance.

David Gogel from DyDx asserted that joining the alliance afforded the firm with a chance to join forces and work jointly with China.

“China plays an important role in the global DeFi ecosystem and remains a key market for our long-term success…China has a massive user base that will bring liquidity, volume, and more innovation to global markets for greater growth potential,” he explained.

A couple more alliances have been formed in the DeFi sector this year with the most notable ones being Chicago DeFi Alliance and Ren Alliance. The latter was founded jointly by Ren and Polychain Capital back in March. The Chicago DeFi alliance is a collective effort of Cumberland DRW and TD Ameritrade and was launched in April. Huobi exchange also announced a DeFi organization in August intending to unify the East and West.

Source: https://coinjournal.net/news/eight-more-projects-jump-on-board-open-defi/

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