Connect with us

Blockchain

The Top Stellar Casinos of 2020

Published

on


stellar casinos

With the rise of popularity within cryptocurrencies, there is no surprise that there is yet another crazy crypto experience making its way to the top of the crypto kingdom. Stellar is an open-source, decentralized protocol for digital currency to fiat money. Allowing international transfers with ease. Carry on reading to find out why Stellar gives your gambling the upper hand you have been looking for. 

What is Stellar and What it is Being Used For

When creating Stellar, people, banks, and transaction systems were all kept in mind, making sure all existing methods and processes are optimized to create a high standard and smooth-running operation. Stellar was created on a peer-to-peer network, which has a lot of experts predicting that Stellar will be the next big banker in the land of crypto. 

Stellar (XLM) operates as a nonprofit organization and has ranked on the top 10 cryptocurrencies for quite some time now. Proving that they will be the cryptocurrency to beat in the near future. 

Stellar is used across many different platforms, from music apps to trading, stellar is an easy to use cryptocurrency. With cheap and unbelievably quick transactions, players will not know what has hit them. Whether you invest in Stellar to trade or to have some gambling fun, there is no doubt that Stellar will provide a high return, in both the financial and entertainment department. 

Here is a list of projects that are incorporating Stellar and the nifty aspects that come along with it. 

  • IBM World Wire: A cheap and easy option for financial institutions to send any currency anywhere in the world using Stellar.
  • Zagg: A Devv studio that specializes in Stellar applications.
  • Vezt: A music rights platform for artists and a fan rewards asset.
  • Block card by Ternio: A debit card to spend crypto-assets.

When you ready to jump onboard the Stellar train, here are two of the best training apps:

  • Binance: Binance is an anonymous trading platform for over 50 currencies. Placing as the top trading platform for a couple of years now, Binance offers a trading experience you cannot find elsewhere. 
  • Changelly: Changelly is a fast and efficient crypto exchange and trading platform that offers affordable exchange rates. The design is simple and allows traders to use their time efficiently.

A Brief History of Stellar

Stellar(XLM) was started in 2014  by the co-founder of Ripple,  Jed McCaleb. In 2019 the demand for Stellar increased dramatically and is seen as a pivotal era in the crypto world. Stellar became known as Lumens or XLM. In late 2014, Mercado Bitcoin, the first Brazilian bitcoin, announced it would be utilizing the Stellar network.

In 2015 Stellar announced that they would be incorporating Vumi, an open-sourced messaging system. On top of this, Stellar partnered with cloud-based banking software to integrate stellar into its banking platform as well as the integration of Stellar at the Deloitte Digital Bank, creating a cross-border payment application. By the beginning of 2015, Stellar had approximately 3 million registered user accounts on its platform, which is a great response for the first year. 

At the end of 2016, Stellar grew dramatically, announcing a mobile payments startup in the Philippines, ICICI Bank in India, African mobile payments firm Flutterwave, and French remittances company Tempo Money Transfer.

stellar cryptocurrency website
Stellar website

What Are The Advantages Of With Gambling With Stellar?

Crypto is like the superhero of finance and gambling, with the ability to stay anonymous when on the web. Stellar protects your privacy and personal data while ensuring that all legalities are met. Another advantage of gambling with stellar is the 3 – 5 second transaction time, which means players get to instantly enjoy their gains. 

Stellar has also done a fantastic job of making any transaction seamless, no matter your location. Gambling with Stellar is an all-round smooth experience, allowing quick and easy transfers with no location restrictions. 

The Top Stellar Casinos of 2020

Online casinos provide a platform for players to let loose and have fun. Some casinos take fun and games to a new level. We have a list of casinos that have stepped up to the plate and accept the revolutionary crypto, Stellar.

FortuneJack

fortunejack stellar casino

With years of experience, FortuneJack knows what makes players tick. Nothing is more appealing to a gambler than low deposit and withdrawal fees, quick transactions and guaranteed safety. Let FortuneJack Casino lead the way in your Stellar gambling adventure, resulting in big wins and enticing adventures.

Adding crypto to the mix is thrilling, but adding Stellar to the mix is both thrilling and highly rewarding. FortuneJack Casino wants to help you gain some wins, so sign up now and gamble with Stellar to experience massive returns.

Play at FortuneJack

FortuneJack Review

BoVegas Casino

bovegas stellar casino

BoVegas Casino is an experience that is loaded with an extensive array of games and lucrative bonuses. Launched in 2017, BoVegas has expanded in both size and value. To stay relevant, BoVegas focuses on all the upcoming trends. One of those trends is Stellar, which was added to the mix to allow gamblers to take their money further. 

BoVegas is a casino that grants players access to all the most exclusive gambling experiences. Give your gambling the edge you have been looking for by joining the BoVegas team and setting bets with the game-changing cryptocurrency Stellar (XLM).

Play at BoVegas

BoVegas Review

1xBit Casino

1xbit stellar casino

1xBit Casino is an online gambler’s paradise. Packed with entertainment and cutting edge gambling technology, 1xbit provides an experience that all players will enjoy. From the design to the selection of games, gamblers are in for a treat. 

1xBit caters to Stellar gamblers making this online casino that much more exciting. Dive into a game of slots and take your money further with Stellar. The more you play then more your gain.

Play at 1xBit

1xBit Review

Conclusion

With the demand for cryptocurrency on the rise, gamblers are constantly getting introduced to bigger and better advantages. Since bringing Stellar into gambling, there is no need to look any further. With already some great casinos jumping on board, Stellar gamblers can look forward to a rewarding future. Winning features such as it’s lightning-fast transactions, make Stellar (XLM) one of the shining stars in the ever-growing list of cryptocurrencies. 

Source: https://bitcoinchaser.com/stellar-casinos/

Blockchain

Analysis: Are CBDCs a Threat For Bitcoin or The Opposite?

Published

on

Ever since Facebook announced its plans to create a digital payment currency dubbed Libra, central bankers have tried to counter it with an invention of their own.

While Libra is facing regulatory troubles, a BIS report indicated that over 80% of the world’s central banks are currently developing a central bank digital currency (CBDC).

The idea and purpose of a CBDC are fundamentally different than everything Bitcoin stands for. As such, the community has been speculating on possible consequences for the primary cryptocurrency. Will a government-owned digital currency harm BTC’s role in the online world, or will it simply set the stage for its grand entrance?

Scenario A: CBDCs Are Bad For Bitcoin

The CBDCs will represent the cash bills that we use every day, but, as the name suggests, they will be digital-only. There’re still many unknown factors regarding their developments. Which country will be first, what technology will they use, will CBDCs be for retail payments or not?

These questions will eventually receive their answers. However, most people fear that the introduction of a CBDC will give governments absolute control to track, approve, or suspend all future payment transactions.

You Might Also Like:

Authorities have justified this potential constant surveillance by claiming that they will be able to reduce and even eliminate illicit activities, such as money-laundering.

On the other hand, concerns have emerged within the community that the inevitable launch of a CBDC will harm the industry and its most-well known representative – Bitcoin.

Binance CEO Changpeng Zhao (CZ) recently predicted that a well-designed CBDC could “become a threat” for the first-ever cryptocurrency. He highlighted that most such currencies will be very centralized and won’t provide the same freedom as Bitcoin.

Consequently, world governments will push their own inventions further while be inclined to reduce the role of something as decentralized as BTC.

Bitcoin’s whitepaper described it as an “electronic peer-to-peer cash system.” However, having tons of competition backed by the world’s superpowers could indeed decrease its role. It could be especially harmful if the CBDCs enable cheaper and faster transactions than BTC.

Additionally, their value won’t fluctuate as much as Bitcoin’s. This may be another reason why people would prefer sending or receiving a currency that won’t lose any value by the time the transaction is complete.

Scenario B: CBDCs Will Help Bitcoin As A Payment Tool

On the other hand, there’s the narrative that when CBDCs arrive, they could only open the door for Bitcoin. Major cryptocurrency manager Grayscale Investment recently argued that when launched, CBDCs may “accentuate Bitcoin’s role in the global digital economy.”

This is partly because people would have to become familiar with the digital payment infrastructure, which hasn’t been necessary so far. By educating themselves on the matter, people would be able to find the significant differences between Bitcoin and the government-owned digital currencies.

“Bitcoin is special not because it is digital, but because Bitcoin is a scarce, uncompromising, apolitical currency that is open for anyone to use.”

Scenario C: CBDCs To Help BTC As A Store Of Value

If one assumes that the first scenario comes into reality and Bitcoin stops serving as an electronic peer-to-peer cash system, that doesn’t necessarily mean that it will have no value to society.

Instead of being used to transfer funds from one address to another, BTC may become what many others have argued for years – a store of value.

After all, Bitcoin shares several similarities with the most-widely accepted store of value asset – gold, such as scarcity. The two assets’ price performance has also resembled each other lately. The COVID-19 financial crisis only accelerated their increased correlation.

Even the US Federal Reserve Chair Jerome Powell compared the two and noted that both are a speculative form of a store of value.

Another believer in this thesis is Fidelity’s cryptocurrency arm – Fidelity Digital Asset. In a report compiled earlier this year, the company named Bitcoin an “inspirational store of value.”

So, If BTC is indeed to fail as an online payment resource because of CBDCs, it’s unique setup could prompt it to another, perhaps even a more critical role in today’s (digital) world.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


Source: https://cryptopotato.com/analysis-are-cbdcs-a-threat-for-bitcoin-or-the-opposite/

Continue Reading

Blockchain

Bitcoin Just Had Its Highest Weekly Close Since Jan-18 While ETH Eyes $400 (Market Watch)

Published

on

After marking two consecutive yearly highs in the span of a few days, Bitcoin has calmed but still hovers over $13,000. Most alternative coins have remained relatively stable, and the market cap is yet to break above $400 billion decisively.

Bitcoin Stays Above $13k

Although Bitcoin started the weekend with apparent stagnation, the asset entered Sunday on a roll. BTC was trading at $13,100 but sharply exploded to a fresh 2020 high of above $13,350.

Shortly after, though, the cryptocurrency tanked in value, resulting in its intraday low of $12,900. Nevertheless, the bulls intercepted the price drop and drove BTC higher.

It’s worth noting that this was the highest weekly close of Bitcoin since January, 2018.

weekly_close
BTC/USD Historics Chart. Source: Twitter

In the past 24 hours, Bitcoin has been relatively stable. It reached a daily high of about $13,150 and has slightly retraced since then to $13,050. To continue its recent bull run, Bitcoin has to overcome the first resistance at $13,200. Further ahead, BTC could encounter obstacles at $13,400 before having a chance to challenge the 2019 high at nearly $13,900.

You Might Also Like:

Alternatively, $13,000 serves as the first support in case of a price break down. The following ones are at $12,700 and $12,500.

Market Cap Challenges $400B

The recent price increases have pushed the cumulative market capitalization of all cryptocurrencies to about $400 billion. The metric even surged above that level briefly yesterday but so far struggles to overcome it decisively.

Cryptocurrency Market Capitalization. Source: CoinMarketCap
Cryptocurrency Market Capitalization. Source: CoinMarketCap

Most alternative altcoins haven’t assisted in surpassing the $400 billion level in the past 24 hours. As the graph below demonstrates, most of them have displayed low fluctuations and even some retracements.

Ethereum spiked to about $420 a few days ago but has been gradually decreasing since then. ETH now trades just above $403. Despite a minor increase, Ripple is still around $0.253.

Bitcoin Cash (-0.9%), Chainlink (-2.7%), and Cardano (-1.7%) have lost value from the top 10.

BitcoinSV (5%) and Monero (4.7%) are the most impressive gainers from the larger-cap altcoins.

heatmap
Cryptocurrency Market Overview. Source: Quantify Crypto

Further gains are evident from Velas (20%), Filecoin (16%), and Quant (10%). In contrast, Ocean Protocol (-12.5%), ABBC Coin (-9%), Energy Web Token (-7.3%), Crypto.com Coin (-7%), and Ampleforth (-6.5%) have lost the most on a 24-hour scale.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

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/bitcoin-just-had-its-highest-weekly-close-since-jan-18-while-eth-eyes-400-market-watch/

Continue Reading

Blockchain

Alibaba Founder Jack Ma: Digital Currencies Can Create Value

Published

on

Founder and former executive chairman of the multinational technology conglomerate Alibaba Group, Jack Ma, believes that world regulators need to improve the legislation around digital currencies as they could create value.

Ma: Digital Currencies Could Create Value

In a recent speech reported by Bloomberg, the Chinese billionaire criticized the current global financial regulatory framework for its lack of innovation. He claimed that watchdogs are primarily focused on risk control, which has driven them away from pursuing any developments, and they rarely “consider opportunities for young people and developing countries.”

According to Ma, the Basel Accords are a “club for the elderly” that solves issues only for financial systems operating for years. Countries like China, which are still considered a “youth,” require more innovation to “build an ecosystem for the healthy development of the local industry.”

One area where regulators could increase their focus is digital currencies. Should the world’s watchdogs indeed improve their approach, virtual currencies could play an essential role in building a financial system that will be used in the next 30 years, he added.

“Digital currency could create value, and we should think about how to establish a new type of financial system through digital currency.”

Jack Ma. Source: Nikkei
Jack Ma. Source: Nikkei

He’s (Probably) Not Talking About Bitcoin

Although Alibaba’s founder didn’t specify what exactly he had in mind when using the term “digital currency,” his history suggests that it probably wasn’t Bitcoin. A few years ago, Ma warned people to be careful and said that he’s staying away from the primary cryptocurrency as it could “be a bubble.”

You Might Also Like:

However, he was significantly more favorable towards Bitcoin’s underlying technology – blockchain. The company he founded has been involved in numerous blockchain-related projects in the past few years. Alibaba even launched two DLT subsidiaries in Shanghai last year.

Additionally, a recent report highlighted that Alibaba is the firm with the most blockchain patents.

So, if Ma’s not referring to Bitcoin as the digital currency with value, he’s perhaps talking about the upcoming China CBDC. Alibaba has partnered with other giant Chinese organizations, such as China Merchant Bank, Tencent, and Huawei, to develop the nation’s central bank digital currency.

Besides, the world’s most populated country has also been openly pro-blockchain while reaffirming that Bitcoin and other cryptocurrencies are officially banned within its borders.

Featured Image Courtesy Of CNBC

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


Source: https://cryptopotato.com/alibaba-founder-jack-ma-digital-currencies-can-create-value/

Continue Reading

Trending