According to CoinDesk, LedgerX has launched the first physically-settled Bitcoin futures contracts in the US. The news comes at a time when Intercontinental Exchange’s Bakkt and TD Ameritrade’s ErisX have struggled to launch amid regulation issues.
LedgerX Launches Bitcoin Futures ContractsLedgerX is now the first Bitcoin futures provider in the US that offers physical futures. This means that the customer receives Bitcoin when the contract expires as opposed to fiat dollar as per the more traditional futures contracts out there.
The Chicago-based exchanges CME and Cboe have offered “cash-settled futures contracts” since 2017. ...
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Despite the current troubles in the crypto space this month, new tokens are still being listed on some of the world’s leading cryptocurrency exchanges. As everyone knows, Coinbase is the world’s most popular and biggest crypto exchange, and Coinbase Pro is not far behind, which is why whenever a cryptocurrency is listed on one of those exchanges, it is a big event. Today, the hype surrounds Tezos (XTG).
Major DevelopmentIn a new development, Tezos has been listed on Coinbase Pro today, and as soon as the announcement was made, the price of the XTG token ...
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When it comes to big markets in which buyers and sellers trade throughout the day, the existence of large exchanges offering ample liquidity is necessary. Over the course of the past few years, plenty of crypto exchanges have been launched all over the world, and nowadays crypto traders have a wealth of choice when it comes to choosing an exchange.
Boost for Crypto TradersHowever, there is better news for crypto traders as there is going to be another exchange on the block soon, which aspires to challenge the biggest crypto exchange in the world, Coinbase. ...
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The US Federal Reserve has just decided to cut interest rates (6:00 pm UTC), and Bitcoin price has experienced a mini bump to briefly ping on USD 10,000, signifying the positive sentiment for alternative stores of value when traditional ones seem to be in trouble.
The move had largely been expected, with all kinds of hints being dropped in the past weeks and months by the Trump administration and by officials at the US central bank. Nevertheless, confirmation that the interest rates would be cut by a quarter point still made markets all over the world tremble, as the US economy, already on heavy medication from a 2017 USD 1.5 trillion tax cut, embarks further down the path of quantitative easing.
Lindsey Piegza, chief economist at Stifel, said that this latest move would now severely and negatively impact the Federal Reserve’s balance sheet, who quoted officials saying that these were “unprecedented levels of debt being taken on by businesses”. It is clear that the official word doesn’t believe that there is a bubble, even though most objective and reputable analysts like those at Bloomberg feel that the path forward is getting even more treacherous.
So why did interest rates get cut after 11 years?
Basically, to feed a cycle of borrowing and spending, which has been on the rise in the past two years under its current Trump administration. To the outsider, the central bank could also be bowing to pressure from investors keen to see a booming stock market to continue its run. Not to mention, meekly bowing to the loud demands from the US president to put the economy on steroids just before next year’s presidential election.
USA Today insists the rate cut could not have come at a worse time, when the economy had other healthy signs: 224,000 new jobs in June, unexpected highs in retail sales for two consecutive months, and unemployment at below 4% for the first time in 50 years. And so, without any fiscal or economic rationale, these low rates would only hurt savers, bond investors, pensioners and Social Security.
Meanwhile, in the UK, the Financial Conduct Authority (FCA) has finalized its stance on crypto, with the issuance of the ‘PS19/22: Guidance on Cryptoassets’.” It is an update of the crypto assets consultation paper released back in January to gather public comment, with the intention of providing clarification to the regulations of all types of digital assets.
Bitcoin and Ether would appear to be completely exempt from regulations, being denoted by the FCA as “exchange tokens” that are “usually decentralized and primarily used as a means of exchange”. This places them outside of its regulatory scope and remit.
And, yesterday, when we talked about how Bitcoin was now entering a period of low volatility and low trading volume, this was a supposed sign of consolidation. For now, this still seems to be in play, but there are now analysts who believe that this daily trend of choppy price action is about to end.
CCN trader Kiril Nikolaev points out that the Bitcoin Historical Volatility Index (BVOL) has been declining ever since it punched a 14.06 high on 26 June from 4.38 — the same day of the 2019 current high.
More importantly, it had just been consolidating at around 2.00 for a month just before that spike. Nikolaev says this 2.00 level is key:
“Currently, BVOL is about to drop to 2.00, which is a level where bitcoin usually reacts. Most of the time, volatility favors the bulls when the index plunges to 2.00. However, there are instances when bears win the day and the index falls further.”
Tomorrow, Bitcoin will experience the first Fed rate cut in its history.
— Travis Kling (@Travis_Kling) July 31, 2019
Back to current sentiment, analyst Travis Kling notes quietly that tomorrow will be Bitcoin’s first experience of a US Fed cut, and others respond that this is almost like “the opposite of a halvening”. The likes of Anthony Pompliano have already predicted that this move would further push open the door to people seeking for more stable stores of values, ones that could not be printed or manipulated at will and at the whim of single individuals. And this could drive people to invest more in Bitcoin, creating a domino effect that would push price into a new parabolic move to register new and incredible highs.
Whether or not this will take months, years or decades, is all up for debate. As it is, the immediate impact is only noticeable by a tiny bump in the crypto markets, so it could be that people — investors or speculators — are not ready to make up their minds just yet.
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The last day of July began with a new Bitcoin buyers initiative to fix above the price zone of $9,600-9,670. In the previous analysis, we wrote about the beginning of consolidation and a shift in market forces toward Bitcoin sellers. However, this benefit was not used during the test of the consolidation bottom line and buyers are now trying to use it. Yesterday, the price broke the trend line, which sellers carefully kept from 10 July. Although it has happened on very small volumes, for today it is a great chance to get out of consolidation and continue to grow to $10,200.
Globally, the situation concerning volumes has not changed dramatically since 26 June. With the beginning of the correction after the six-month growth, trading volumes are decreasing daily. And in our opinion there are no more than 4 days before the new powerful shot of price:
Therefore, the end of consolidation is near, and we will move to the mood of buyers. If we analyze the index of fear and greed, which we have not used for a long time, we can see that the mood of Bitcoin buyers has changed significantly and almost reached the local lows.
Regarding the marginal positions of buyers, we see that they are trying to slowly increase them. But on a daily timeframe, it does not inspire confidence for strong growth:
According to the wave analysis, the situation is unchanged yet. There is a probability of the wave (c) ending at $9,100, in this case (c) = 0.5 * (a). As buyers are now trying to fix above the level 38.2%, the likelihood of a $10,200-10,400 test increases.
However, we do not see confident signals that would motivate us to act because of too low trading volumes. Therefore, we will not see a firm fix of the price above $9,600-9,670. The main scenario of the fall continuation to $9,100 with a possible continuation to $8,500 remains valid. Although today the chances of working out of this scenario have decreased. Let’s see tomorrow how the moon candle closes and what prospects are waiting for us next. Good luck to all!
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The US-based crypto exchange Kraken is rolling out new funding options for five major fiat currencies. In order to do so, the exchange has partnered with Etana Custody.
Let’s check this out.
Kraken’s New Funding OptionsYesterday, July 29, the crypto exchange put out an official announcement saying that it will offer new funding options for US dollars, Euros, Canadian dollars, British Pound, and Japanese Yen.
Kraken’s global customer base can access the fiat funding options by linking their bank account and wiring funds to the in-built Etana Custody Wallet, which is ...
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The month of July has been one of turmoil and chaos in the crypto sphere, and one of the big reasons behind such a state of affairs was the announcement of the Libra coin, the cryptocurrency that is to be introduced by Facebook (NASDAQ:FB) next year. As soon as it was announced, it sent alarm bell ringing among regulators all across the world. The head of the United States Federal Reserve, Jerome Powell, expressed his skepticism, while the President of the United States, Donald Trump, did the same in a series of tweets.
Confusion in the Crypto ...
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Walking on the edge of the lower trend line of the triangle did not sufficiently motivate Ethereum buyers to change the market situation. Even the false breakdown of the triangle, which occurred on 28 July, did not activate buyers.
After the test of $215, buyers were unable to upgrade the next local high and the price broke the triangle’s lower trend line. So far, it has happened on small volumes and on the big timeframe it looks uncertain. But in our opinion, the probability of continuation of the fall to $ 185, which we described in the previous analysis, remains very high:
The situation with volumes looks like in the game “who hits softly will be the winner”. Every day, the trading volumes are decreasing and such actions lead to sharp movements. Buyers will need to fix above firstly $220-225 for a sharp upward movement. We repeat that a continuation of the fall is more likely. However, if buyers change their position, increase volumes and candles look optimistic, we will correct our scenario.
If we analyze the weekly timeframe, we see that the last weekly candle closed behind the lower trend line of the channel. This was when price traded from December 2018, and if it is not a false breakdown, then the prospect of falling will not be limited to $185:
The critical point in a sharp fall will be the price of $155 — it is a price mark which buyers could not master for 4 months. We will check this forecast on a daily ETH analysis to see if the market situation has changed.
Sellers are increasing their marginal positions and look confident enough. The last noticeable increase came at a time when the price sharply fell and tested the $204 price mark:
According to the wave analysis, Ethereum buyers are still refusing to form a wave (e) inside the triangle. They think of the probability of fall continuation after the price movement in the triangle to the level of Fibonacci 38.2%, which is at the price mark of $185.
Let’s see on Thursday whether sellers will cope with the price of $201 and whether they will have time to test $185. At the moment, there is little positive for buyers, but in the crypto world, everything is possible. See you in the following analysis!
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In the past, Tether (USDT) has been operating on Bitcoin’s Omni Layer, but it now seems like the stablecoin is expanding to other blockchain protocols. According to an announcement made on July 29, Tether has begun running on BlockStream’s Liquid Network, which is a Bitcoin sidechain blockchain.
Tether is on the Liquid NetworkThe addition of the stablecoin to Liquid Network’s sidechain was unveiled in October last year, and it aimed to provide traders and firms extra features that were not available through the original Tether platform. Traders will have access to Liquid-based Tether (Liquid USDT), ...
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Cryptocurrencies have been struggling over the past few days with increased scrutiny and piling up of bearish signs. Bitcoin, for instance, is nearing a turning point, and according to popular cryptocurrency analyst DonAlt, it is closer to testing support levels of $6,700.
Bitcoin Drops Below the 50-Day Moving AverageThe signs are indicating that Bitcoin is headed for more losses after breaking below the 50-day moving average. This is an indication of the end of the recent rally that brought the world’s largest crypto close to $14,000 at the end of last month. The digital coin ...
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It has been a tug-of-war of sorts for the entire past two weeks of July, as Bitcoin continuously retakes levels above USD 10,000 only to go down below that psychological level again and again.
But now, as lower highs do seem to become more apparent, and longer periods are spent in the USD 9,000 region, a consolidation pattern does seem to be firming up, amid signs that volatility and volume, which had been picking up in the months prior, are now emerging. These point to a certain period, at least for the short term, that Bitcoin price is now comfortably settling in for a period of consolidation, en route to higher highs for 2019.
#Bitcoin vol now the lowest in a month and resting on support.
Fireworks soon…https://t.co/A5X76kiZV5 pic.twitter.com/MgqLUDhmav
— Joe McCann (@joemccann) July 26, 2019
Former quant trader for Passport Capital, Joe McCann, notes that Bitcoin volatility, which had been on the rise for months, took a flooring after news had emerged that the US Commodity Futures Trading Commission (CFTC) had started investigating Bitmex. This took place just under two weeks ago, when McCann said that it wouldn’t last long. True to point, the weekend bears decided to push Bitcoin down USD 1,000 in a single day.
At the same time, volume in trading, which, as we reported frequently, finally stalled at the same time, declining with every passing day of the CFTC news. As McCann rightly surmises:
“Liquidity begets liquidity and when volume and volatility dry up, reversals are rare and trends remain steadfast, in this case, the sellers are in clear control.”
The recent musings that Bitmex CEO Arthur Hayes had disappeared under the heat also seems to have affected Bitcoin sentiment. Hayes, typically unafraid to voice out his thoughts on social media, has been strangely quiet for the past few weeks, in fact 8 full days before the July 19 news of the CFTC investigation appeared. The official Bitmex account itself also started radio silence just four days after him.
In the last 30 days BitMEX and Finex cold wallets have drawn down about 1/2 Billion dollars each. Please click the new https://t.co/EX5d2DqUK9 and move your trading there. pic.twitter.com/8HS4X15jHR
— Richard Heart (@RichardHeartWin) July 30, 2019
Crypto commentator Richard Heart also just in this hour posted on his Twitter that Bitmex and Finex cold wallets have been withdrawing their balances, with both now holding less than half of their draw down over the last 30 days.
Whether this is merely a natural exchange run from users worried about the fate of one of the world’s oldest exchanges, or even simply a side effect of no new deposits being handled by them, these will be taken by many to be among many signs of a dying exchange. Indeed, the sentiment on the market seems to reflect this pessimism.
At the same time, Whale Alert, which monitors large transactions over the Bitcoin network, has detected an outflow from Bitmex wallets to an unknown destination, puts the figure down at BTC 2,616 transferred (USD 25.1 million at time of writing).
But there could still be hope for some positive sentiment coming out from today’s US Senate crypto and blockchain hearing on regulatory frameworks — ongoing right now at time of writing, 3:45 pm UTC.
The “Examining Regulatory Frameworks for Digital Currencies and Blockchain” hearing follows hot on the heels of the grilling faced by Facebook’s Libra in mid-July. This time, The Blockchain Association representative, Circle CEO Jeremy Allaire, takes his place in front of the Senate Committee on Banking, House, and Urban Affairs. He is expected to be joined b Rebecca M Nelson, a specialist in international trade and finance, and Mehrsa Baradaran, law professor at University of California, Irvine School of Law.
Since the Circle consortium also has its own stablecoin product similar to Facebook’s Libra, expect more fireworks and probing questions from the Senate. Most commentators will probably already expect the harsh confrontation, but it will be interesting to see if Allaire is better at meeting what will be tough questions than Calibra chief David Marcus. The latter’s defensive responses led to Bitcoin slipping in its march towards USD 12,000, but any similarly poor performance from the former shouldn’t have any pile on effects.
Capital One had over 100 million customers’ data accessed in a massive security breach.
No one has ever hacked Bitcoin.
It is the most secure computing network in the world 🙏🏽
— Pomp 🌪 (@APompliano) July 30, 2019
Meanwhile, the news of Capital One getting hacked and losing possibly millions of customer data will provide some impetus for users to seek out more secure alternatives. Resident internet Bitcoin advocate Anthony Pompliano urges people to start using “the most secure computing network in the world”.
With a current difficulty level today exceeding a 6.3 trillion (BitcoinWisdom) and estimated to climb ever higher every two weeks, he could just be right.
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The internet arguably remains the most transformative technologies humankind has ever developed, as it has immensely changed how people do business and communicate with each other.
However, over time, onboarding innovations, more businesses, more social interactions and becoming a part of everyday life has changed the structure of the internet into a more complex one. Along with this came about the growth of centralized entities able to manipulate people’s personal data. Blockchain-powered virtual operating system nOS describes these middlemen-entities better as unglamorous data merchants.
Decentralizing the Internet
These data merchants are now the core of the regular internet – as they are served first – and this leads to an increasing lack of transparency. But all that is about to change, as nOS, a new virtual operating system featuring a decentralized internet and app store, will provide a better transparent internet for the smart economy. This new economy of the decentralized age will be achieved through a partnership with ARK blockchain technology.
To achieve its objective of providing the ultimate use case for the decentralized internet, the nOS platform needs the most profound infrastructural layout. After many studies, the team considered the ARK blockchain – an open-source blockchain platform that empowers everyone, regardless of their aim or technical background – as suitable to its scalability and interoperability needs. nOS founder Dean Van Dugteren noted:
“As nOS evolves, it was important for us to find a flexible framework that does not require us to reinvent the wheel with concepts such as state management and consensus logic.”
A Rising Demand for Scalable Smart Contracts
During early development, nOS was launched on the NEO blockchain and was, thereby, compliant to the NEP-5 smart contract. However, this fall, the nOS platform will launch its testnet on the ARK blockchain to leverage the provisions of modularity, scalability, speed, and ease of development which the new host will provide.
This new development took place due to the need to scale beyond the limits of incumbent smart contract systems – which by design ought to be autonomous and consistent with the needs of the services that require them. However, the industry is somewhat plagued with numerous platforms lacking scaling solutions with their smart contract protocols.
The nOS team are now scheduling the launch of their testnet for September. The team views the ARK partnership with excitement and pride, best reflected by Van Dugteren, who said:
“After much research and experimentation, we found ARK to be the perfect solution for nOS. It’s written entirely in Typescript, it’s modular, comes with a DPOS consensus model, and the project is very actively maintained by a smart, passionate, and supportive team. ARK enables projects like nOS to build their blockchain with ease. You can program your own transaction types, storage and wallet logic, and much more. It’s essentially as easy as building a centralized app. Those are just a handful of the many reasons why we’re excited to build on ARK and work with the ARK team.”
The age of intractable blockchains is gradually phasing out, at least for the most part that has to do with smart contacts and interoperability among industry horizontals, giving way to the rise of malleable blockchain solutions. While data stored on the blockchain should remain consistent and immutable, the infrastructure holding such data and systems needs to adapt to the changing needs of its ecosystem. Hence, blockchain solutions such as those of ARK’s are bound to thrive in the next generation of scalable decentralized products.
An Ecosystem of Interoperable blockchain
ARK is increasingly becoming the standard for both vertical and horizontal blockchain bridges across the industry. Chairman of ARK Matthew Cox seems comfortable with this uptrend, as he confirms that they are well-positioned to leverage the changing tides in the industry to their success – especially with the rise in the use of the ARK Deployer which was launched earlier this year. He further noted how nOS’s adoption of ARK, among others, speaks volumes of a progressive change in dapp development on more scalable platforms.
Speaking in a press release, Cox explained how scalability, speed and smart contracts were still the issues that needed addressing by many blockchain platforms, so the need for blockchains that were flexible and malleable led many projects to ARK:
“We’re now actively working with a number of projects in varying stages of development through our Powered by ARK program and are seeing a mix of interest from parties both creating new ARK Bridgechains as well as those looking to migrate from other technologies. We are thrilled that a project as innovative as nOS found ARK to be the best solution for building their blockchain.”
Another huge plus for the nOS platform in the ARK partnership deal is the upcoming ARK marketplace which will give a boost in the exposure of the nOS decentralized internet and dApps featured in its store, making it easy for developers to get their products out there in the open seamlessly under the same ARK umbrella.
To learn more about the ARK blockchain and all of its perks, visit the website: https://ark.io/
To understand more about the nOS product and its features, visit the website: https://nos.io/
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Dukascopy, the makers of the world’s first Swiss Financial Market Supervisory Authority (FINMA) compliant cryptocurrency, Dukascoin (DUK+), has unveiled a reward program for crypto enthusiasts to earn even more by using its innovative and regulatory-compliant tokens.
The newly launched reward program is exclusive to MCA account (Mobile Current Account) holders and will enable both new and existing users to earn rewards in Dukascoin (DUK+), a token designed to have both payment and speculative utility through their various activities. DUK+ is a fully-compliant token on the Ethereum blockchain.
Start Earning DUK+
With over 109,153 MCA accounts opened since incorporation in 2018, Dukascopy has provided its worldwide users with easily accessible mobile Swiss banking services. Now, Dukascopy is giving back even more to them by incentivizing MCA use with DUK+.
Users can start earning DUK+ as soon as they open a new account. Users get 5 DUK+ just for creating an account. What’s more, refer new users and you get another 5 DUK+ for every confirmed account introduced by you. Leave these earnings alone for 30 days and you will even generate more DUK+ from them! (T&C applies)
More Rewards
Passive MCA users can still benefit from the program by simply staking their token on the platform for the preferred allocated time. DUK+ deposits that are locked up for a year will also earn €0.50 for every token (T&C applies). Depending on price valuations at the end of the 1-year term, users stand to gain even more should the value of DUK+ increase over time.
Dukascopy Bank reward program will run on a global scale, involving as many people as possible. The highly-acclaimed bank, which boasts over 300 staff in branches all over the world including Hong Kong, Dubai, and Russia, will also pay a 5% annual coin reward rate for fixed-term deposits issued out in DUK+ coin.
The annual reward rates can be earned at the start of a contract, followed by a lock period for the duration of the contract. Furthermore, reward rates are pegged to the amount of deposits made and can reach up to 100% (T&C applies). In addition to this, such deposits can be utilized as margin for users with trading accounts.
Dukascoin Fat Catz Reward Program: Also, the foreign exchange Bank is offering a Fat Catz Reward targeted at users whose MCA account holds a minimum of 10,000 DUK+ by the end of the month. These users will receive a distribution of the commission paid by other members of the ecosystem. Recent distribution for the month of June was shared among four Fat Catz. (T&C applies)
The secure MCA app is available on iOS and Android devices. For more information, please visit the Dukascopy website: https://www.dukascoin.com/, and click here to open a new account.
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Bitcoin Press Release: By Adopting ARK’s Flexible Yet Powerful Blockchain Technology as a Foundation, nOS is Able to Deliver a Truly Decentralized Platform for Users.
Paris, France, – July 30th, 2019 – ARK.io a leading blockchain technology provider has today announced that its blockchain technology has been selected to power the nOS virtual operating system.
The announcement details how the nOS virtual operating system, which provides web apps with a powerful solution to implement new and innovative business models, alongside a decentralized app store, will launch their public blockchain testnet in September, utilizing ARK’s blockchain technology.
Originally issued as a NEO NEP-5 smart contract token, nOS searched for a blockchain framework solution that provided modularity, scalability, speed, and ease of development before ultimately selecting ARK.
The Challenges With Smart Contracts
The challenges that prompted nOS to pursue building a proprietary blockchain rather than build their platform as a series of smart contracts are indicative of challenges in the industry as a whole, with smart contracts often found to be restrictive and complicated to scale in practice.
With interoperability at its core, ARK’s blockchain platform provides projects such as nOS with a flexible, scalable, and secure blockchain foundation that can be customized to an application’s exact requirements.
nOS founder Dean van Dugteren notes that it was ARK’s powerful yet easy-to-implement modular framework that was the deciding factor in the selection of a new blockchain core to support the growth of the nOS operating system.
“As nOS evolves, it was important for us to find a flexible framework that does not require us to reinvent the wheel with concepts such as state management and consensus logic. After much research and experimentation, we found ARK to be the perfect solution for nOS. It’s written entirely in Typescript, it’s modular, comes with a DPOS consensus model, and the project is very actively maintained by a smart, passionate, and supportive team.”
Van Dugteren continues:
“ARK enables projects like nOS to build their blockchain with ease. You can program your own transaction types, storage and wallet logic, and much more. It’s essentially as easy as building a centralized app. Those are just a handful of the many reasons why we’re excited to build on ARK and work with the ARK team.”
Powered by ARK
Matthew Cox, Chairman of ARK sees nOS’ adoption of ARK’s blockchain technology as another example of how decentralized projects are increasingly turning to flexible blockchain solutions in order to scale their operations.
“nOS is further proof that many platforms are still facing challenges with their blockchain technology when it comes to scalability, speed and smart contracts. It’s these challenges that are causing more projects to seek out and adopt a flexible blockchain, with many of these projects drawn to ARK because of our interoperable, customizable and easy-to-implement solutions. We’re now actively working with a number of projects in varying stages of development through our Powered by ARK program and are seeing a mix of interest from parties both creating new ARK Bridgechains as well as those looking to migrate from other technologies. We are thrilled that a project as innovative as nOS found ARK to be the best solution for building their blockchain.”
For ARK, the announcement is a reflection of a positive upward trend in the adoption of its blockchain technology. With the release of the ARK Deployer just a few months ago also enabling the creation of a wealth of “bridgechains” (projects and applications utilizing their own ARK-based blockchain) all with very different business models, platforms and requirements — but all utilizing an ARK blockchain foundation.
An Evolution of a Partnership
The new nOS blockchain built on ARK’s blockchain technology is just the first step in the evolution of the nOS and ARK partnership. Following the launch of the ARK-based nOS mainnet later this year, the focus will shift towards exploring how the upcoming ARK Marketplace can benefit from the many native features and installable modules being built by the team at nOS.
The nOS public testnet will launch in September. Further details on how nOS utilizes ARK’s technology (including staking and curation features) can be found in the new nOS whitepaper or at https://nos.io. For more information on ARK’s blockchain technology or blockchain-creation tools such as the ARK Deployer, please visit: https://ark.io
About ARK
ARK is an open-source blockchain platform that empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. ARK acts as a beacon for individuals, enterprises, and communities who wish to apply blockchain technology as a foundation for their own projects or businesses by offering technology stacks and tools, such as the ARK Deployer, unique in their simplicity, to easily create and deploy blockchains.
For more information, please visit https://ark.io/
About nOS
nOS is an all-in-one platform that introduces new implementable business models powered by blockchain technologies. Any application can leverage nOS to extend its revenue-generating strategies without surrendering user privacy.
The platform also introduces an app store that is decentralized and maintained entirely by multiple voter-elected parties, allowing for fair and transparent distribution and discovery of applications. With nOS’s new approaches to app monetization and distribution, even Free and Open Source applications can improve to scale on both technological and financial levels.
For more information, please visit https://nos.io/
Media Contact Details
Contact Name: Katie Phillips
Contact Position: Marketing Manager
Contact Email: katie@ark.io
ARK is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest
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Bitcoin Press Release: Bitcasino.io has announced an exclusive new game, the Phoenix jackpot, bringing new gameplay and bonuses to the platform.
29th July 2019, Tallinn, Estonia – Bitcasino.io has launched its exclusive and revolutionary new Phoenix Jackpot game that pools points from spins across many of the industry’s leading slots suppliers. Wagers on slots games from Microgaming, Play’n GO and Pragmatic Play will now earn Bitcasino players bonus points which can be used for spins on Phoenix Jackpot.
Each spin on the jackpot game offers players the chance to collect symbols, with the jackpot landing once a player collects all six. The format introduces a new, engaging gameplay element to the traditional jackpot slot.
Gabrielo Kolawole, Team Lead for the project, describes the interactive nature of the Phoenix Jackpot, stating:
“The phoenix jackpot team is excited to take the conventional jackpot experience in the casino to the next level by gamifying the entire experience while we deliver a uniquely engaging platform to the players as they compete with other active players in casino for the jackpot prize.”
Bitcasino also has a Mega Jackpot prize which grows in value as it collects from each spin. Phoenix Jackpot began life as a one-week promotion, but after an overwhelming amount of positive feedback, it is returning as a permanent feature on the Bitcasino side tab.
It was created in-house via a collaboration from a number of the Coingaming Group’s internal teams, including its pioneering managing development programme.
Tauri Tiitsaar, Director of Casino at Bitcasino.io voiced his excitement about the new game, stating:
“We are immensely proud of our new Phoenix Jackpot game, which is the result of a fully in-house development that is really pushing forward what is possible within the online casino space.”
Tauri continues:
“Bitcasino players enjoy games from a range of the industry’s best slots suppliers, so to be able to collect points from across these games while earning the chance to win a big jackpot is a powerful tool that improves engagement and gives customers greater value. Once again, Bitcasino has worked hard to place the player at the center of the universe and deliver a fun, fast and fair experience for all.”
About Bitcasino
Founded in 2014, as part of the Coingaming Group, Bitcasino is a leading bitcoin-led casino operator. Bitcasino has an expansive, quality casino product featuring more than 1,400 games, including slots, table games and live dealer casinos from some of the industry’s leading suppliers. These are hosted on its proprietary platform, developed by leading designers and software engineers to create the ultimate user experience for players.
Bitcasino prides itself on its enjoyable and trustworthy casino and gaming service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry and cutting-edge security measures in place.
Bitcasino Twitter – https://twitter.com/bitcasinoio
Visit Coingaming – http://coingaming.io/
Media Contact Details
Contact name: Lucy Thomas
Email: lucy.thomas@bitcasino.io
Coingaming is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest
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Once again, Bitcoin price has fallen below $10k per coin. The largest digital asset by market cap has shocked investors in the last few months with rallies that saw the coin reach highs of over $13,500 in value. The surge in price has led to multiple discussions on Bitcoin’s future potential as it once again takes center stage.
The latest bullish opinion comes in from Squawk Box’s Joe Kernen, who suggested that BTC price will surge to $55,000 by May 2020. Though many will dispute this thought, there are plenty of prominent cryptocurrency figures aligned with ...
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Over the course of the past few years, Litecoin (LTC) has firmly emerged as one of the more popular altcoins in the crypto sphere, but the token is slowly but surely approaching a day of reckoning as the much talked about halving is going to take place soon. The halving is going to reduce the reward for completing a blockchain to 12.5 LTC for miners, and many believe this is a step that could prove to be a problem for the cryptocurrency in the initial period.
AnalysisThe halving is going to take place next week, ...
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