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  Internet casinos have been on a steady rise in the recent past. They are booming because they offer gamblers unique ways to wager using cryptocurrencies. One only needs an email address to sign up. In the United States of America, gambling has been put on serious check making it impossible for users to invest and withdraw money from regulated internet casinos. But Bitcoin offers a solution that sidesteps such regulations. Bitcoin operates on a decentralized system making it hard for institutions to monitor them.  According to NBC News, online sports betting have been surging in the US, with 22 States legalizing it. The Washington post revealed how gambling business thrived in the wake of the global pandemic, with its revenue surpassing $44 billion in 2021. 10 Best Crypto Betting Sites  Cloudbet: It offers both online casinos as well as sportsbook. It allows its customers to bet anonymously using Bitcoin. It’s available to any person from anywhere wishing to gamble usin...

T here have been increased rates of hackers targeting DeFi sites. In what Reuters news has reported as the largest crypto heist, Jump Cypto announced that it had restored $320 million that was stolen from their site.  The unregulated Decentralized Finance (DeFi) platforms enable users to borrow, lent and safe in crypto form rather than using traditional financial institutions such as banks. However, the bypassing of regulated financial institutions comes with great risks. Many investors are lured to DeFi owing to low interest rates with the expectation of high returns. However, fraud and theft has continuously hit DeFi sites and no hacker has been brought to book. Elliptic research reveals that in 2020, DeFi sites lost an excess of $10 billion. The huge loss makes DeFi to be the most vulnerable branch of cryptocurrencies.  In 2018, digital tokens worth $530 million were stolen from Coincheck, a Tokyo-based Crypto platform. This was after an earlier loss of a half a billion to ...

Bitcoin crumpled after Tesla cofounder Elon Musk posted a controversial tweet that was misinterpreted by most bitcoin investors. The value of Bitcoin plummeted to $42,000 on Monday after Musk’s statement, but later rebound after he clarified that Tesla hadn’t sold its holdings. The value of the cryptocurrency surged to $45,000 following an explanation made by the world’s richest person . “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” Musk wrote on Twitter prompting the lowest plunge ever since February 2021. Bitcoin’s value was resuscitated from further plunge when he tweeted: “To clarify speculation, Tesla has not sold any Bitcoin.”  Musk triggered speculations when he tweeted on Wednesday that Tesla would halt accepting Bitcoin as payment for its electric vehicles over token’s insanity in energy consumption.  Earlier own, Musk attracted criticism from environmentalist over his promoti...

Dogecoin joke was back to hound it while Elon Musk was on Saturday Night Live (SNL). The cryptocurrency hovered around 69 cents during the start of the SNL parody news program. But as the show proceeded the value plummeted to around 56 cents. The end of the show saw the value of Dogecoin at 51 cents. Musk identified himself in a rather casual manner and joked that he is “pretty good at running human emulation mode.” The billionaire teased about his description as an entrepreneur, genius, disruptor and vague digital economy drifts like cryptocurrencies . SNL was, for the first time ever, live-streamed on YouTube in more than 100 countries across the globe. Musk and Mark Cuban have been a force behind the success of Dogecoin , a cryptocurrency that was coined from a joke meme. The currency almost resembles Litecoin, but the difference is that there is no hard cap on the number of Dogecoins that can be created. Sunday Night Live show was highly anticipated and crypto-investor...

Investing in cryptocurrency can be one of the most lucrative ventures. However a number of individuals are not quite sure of where to start, yet they have the interest of investing in cryptocurrencies like Bitcoin , Ethereum, Litecoin, Bitcoin Cash and Dogecoin among others. The first prudent step is to analyze the crypto exchange platforms and choose the one that best suits your desire. 15 best crypto exchanging Sites in 2021 Coinbase : Coinbase is the most popular crypto exchange platform that is based in San Fransisco. Many people prefer Coinbase , because when you open an account with them you get a $5 bonus. The platform also offers a referral commission starting from $10. The site allows users to buy and sell bitcoin, Ethereum and Litecoin among other cryptocurrencies and charges some fee for the transactions. Gemini : Gemini was launched in 2014 by Tyler and Cameron Winklevoss and is one of the few crypto exchange platforms that guarantee high security on investmen...

Dogecoin started as a fun, when engineers Billy Markus and Jackson palmer crafted a joke out of Bitcoin, into becoming a popular crypto-enterprise. The cryptocurrency was drafted from the ‘Doge’ meme in 2013.  In reality many people have made huge amounts of money from buying Dogecoin . The cryptocurrency , which started as a pun, has gone the extra mile, against all the uncertainties to surge up to the total market value of $45 billion on Friday. The price has shocked the digital market in the recent times after it shot up by a whopping 300% increase in price. The meme depicts a Shiba Inu dog in conjunction with ridiculous phrases in variegated rib-tickling Sans-font text. On Friday, each of the cryptocurrency token surged to a record value of 43 cents. Its value was 5 Cents in March. The value of Dogecoin shot up days after Coinbase went public .  Coinbase was listed on the NASDAQ on Wednesday. By then the value of Bitcoin had superseded $64,000. Cryptocurrenc...

Coinbase has become the first key crypto corporate to go public in the United States of America. The Company that is currently worth $105 billion was listed on the NASDAQ, on April 14. According to their pitch, the firm’s mission is to improve economic freedom in the world. Coinbase thanked its employees and customers for the bigger milestone in the realm of cryptocurrencies and promised to build a more robust crypto-economy and economic freedom to all. Its co-founder Fred Ehrsam disclosed that they started the Company when bitcoin was worth $6. Currently, Bitcoin is valued at $62,175.01. “Today at 10am Pacific, join Coinbase co-founders @brian_armstrong and @FEhrsam in conversation with @emiliemic and @pmarca discussing Coinbase’s journey to becoming a public company, and what they’re focused on for the future. Watch here: youtu.be/FuqkjkILSCY $COIN ,” Coinbase tweeted ahead of the major event. Coinbase CEO Brian Armstrong anticipates the firm’s non trading enter...

Twitter CEO Jack Dorsey has sold the first ever published Twitter post for a whopping $2.9 million as a non-fungible token (NFT) to a Malaysian-based businessman. The tweet had been auctioned off by Mr Dorsey for charity. Dorsey’s brief tweet was sold through an auction on an online platform dubbed Valuables, a US-based firm owned by Cent. The tweet that was published on March 21 2006 read, “Just setting up my twttr”, has been liked more than 160,000 times and shared more than 120,000 times. According to the website that necessitated the transaction, CEO of Malaysian blockchain service Bridge Oracle, Sina Estavi, bought the tweet as an NFT through ether cryptocurrency on Monday. An NFT is regarded as a unique digital certificate, which labels the person who owns a photo, video or any other form of online media. Each NFT is unique and serves as a collector’s item that cannot be in any way duplicated thus making them rare by design. NFT is so popular with digital artworks “Th...

Decentralized Finance (DiFi) will probably set a different trajectory with regard to the understanding of financial structures. DiFi has the potential of shaping the future of banking operations. According to Forbes , DiFi encompasses the perception of a financial system that works without intermediaries such as banks or insurances. As the world undergoes digital transformation, the financial sector is also metamorphosing at a dramatic pace. Investors are opting for blockchain planetary to bolster their fortunes. Digital currencies like Bitcoin and Ethereum have been growing at a magical rate.  Decentralized finance  is defined as an experimental form of finance that doesn’t depend on central financial intermediaries like brokerages, banks or exchanges to offer traditional financial instruments.  The question is, “will decentralized finance replace commercial banks?” Majorly, banks operate on the basis of borrowing and lending for the sustenance of market liqu...

As the world undergoes digital revolution, the future of financial engagements will be under the confines of a virtual environment and the internet. The financial sector is on the verge of shifting from traditional approach to the digital one, where the speed of the process is the mantra. Cryptocurrency is fast gaining traction as top investors embrace the idea of investing in digital currency. The currency exists virtually and doesn’t have a centralized issuing and regulatory authority. It’s brought into the digital platform through a process referred as mining – a procedure that has to be verified in a global ledger called the Blockchain. Deutsche Bank described the current money system as fragile and speculated that by the year 2030, cryptocurrencies will surge to over 200 million users globally. It suggested that digital currency could, in the future, replace tangible cash. In 2021, Tesla co-founder decided to invest $1.5 billion in bitcoin and immediately after his i...

Paypal Chief Finance Officer (CFO), John Rainey, has stated that the company will unlikely invest corporate cash in cryptocurrencies , instead it would prefer “to invest in services that are additive to the platform it offers.”  Paypal continues to develop interest in cryptocurrencies. US investors were given a crypto-limelight last October as Paypal integrated features that include bitcoin, bitcoin cash, Ethereum and litecoin that will enable users to trade cryptocurrencies on its site. Paypal has promised to extend the service to their UK customers. The interest of Paypal in cryptocurrency comes days after, Tesla, Electric Vehicle manufacturer decided to invest a whopping $1.5 billion in bitcoin. Tesla co-founder, Elon Musk, made a proclamation that saw the bitcoin value surge at a magical rate.  The giant digital payment firm will, however, not invest cash in bitcoin. The Company is on a mission become a mission to become a one-stop market, just like Alibaba Gr...

Bitcoin continues to dominate as the largest cryptocurrency. The cryptocurrency that came into inception in 2009 has attracted top world investors. Before investing in Bitcoin , it’s important for an investor to identify the most secured bitcoin wallet. Bitcoin wallets store a collection of bitcoin private keys and solely accessed by its owner. The wallet is not shared and distributed like blockchain technology. There are two categories of bitcoin wallets namely: hot wallet and cold wallet also referred as hardware wallet.  Top Bitcoin Wallets which investors should consider 1. Exodus : This wallet is categorized as hot wallet and is best for beginners. Exodus is designed for both mobile and desktop wallet. It allows for the exchange from one cryptocurrency to another one. 2.Electrum : It is a hot wallet and just like Exodus, it is also free of charge. The wallet is compatible with Ledger and Trezor. It is one of the original bitcoin wallets and has existed since 201...

Bitcoin registered another record high performance that has seen its value surge beyond $50,000 in New York making it the largest cryptocurrency in the world. The cryptocurrency continues to fascinate investors across the globe as corporates and moguls scramble to invest in digital currencies .  The value of bitcoin has been bolstered by endorsements from top investors like Elon Musk , Stan Druckenmiller and Paul Tudor. Tesla’s $1.5 billion investment in bitcoin saw the price shoot by 16 percent.  Apart from Tesla, big companies such as BNY Mellon, Paypal, Microsoft, Wikipedia and Mastercard have shown support for cryptocurrencies. CNBC reports indicate that bitcoin received a major boost in 2017 where the value skyrocketed to $20,000 before slumping 80 percent of its value the subsequent year. Mastercard stated that it would support bitcoin and other cryptocurrencies on its payment platform at the course of 2021.  The current surge is driven by demand for ins...

Twitter CEO Jack Dorsey and Hip Hop rapper Jay-z have set up Bitcoin endowment trust dubbed Btrust with the original focus on funding Bitcoin development in Africa and India. Dorsey made the announcement on his Twitter account on Friday. Dorsey pledged to invest 500 bitcoins, which is about $23 million and that the endowment fund will be established “as a blind irrevocable trust.” He added that the mission of Btrust was to “make Bitcoin the internet’s currency.” Dorsey’s assertion comes days after the price of Bitcoin soared to a record-high after Tesla co-founder Elon Musk invested $1.5 billion in Bitcoin. Dorsey revealed the need of three board members to start the development. He provided the link to a Google form that can be used for board member application. Dorsey has been so passionate about Bitcoin. “The reason I have so much passion for Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced...