However, this concept is only in its infancy and hasn’t yet been widely adopted. For it to become popular in the UK, casinos based in the country would first have to start accepting cryptocurrency. Kane Pepi, who writes expert ratings for non-Gamstop casinos, states that crypto banking is not currently offered by any casino regulated by the UK Gambling Commission (UKGC). He also claims that this fact is unlikely to change in the future.

On the other hand, non-Gamstop casinos – i.e., casinos that can be used while a player is signed up for the Gamstop self-exclusion programme – already widely accept cryptocurrencies. These sites operate offshore, meaning they don’t need to abide by UKGC regulations, which is why they’ve been quicker in adopting crypto. Will offshore casinos bring metaverse casinos into the mainstream?

What are metaverse casinos??

Metaverse casinos are virtual gambling facilities found in metaverse worlds such as Sandbox and Decentraland. Plots of land within these worlds have recently been bought by online casinos with the intent of constructing virtual casinos. When you put on a VR helmet and enter the Sandbox, you can visit these virtual casinos. VR and augmented reality combine to give you a realistic impression of entering a brick-and-mortar casino.

Once you enter, you can explore the casino’s interior, just as you would in real life. You can walk past the casino’s selection of slot and table games, interact with other visitors, and generally soak up the casino atmosphere.

As metaverse casinos develop, virtual entertainment events will likely be held within them – just as brick-and-mortar casinos provide live entertainment.

The benefits of metaverse casinos?

Metaverse casinos are an exciting new concept and will likely increase the popularity of online casinos. Already, physical casinos are struggling to compete with the convenience of casino apps. Metaverse casinos come with a whole host of other benefits, which include the following:

Crypto integration

In the metaverse, everything is digitised – including the currency. In these virtual casinos, players deposit and withdraw funds using crypto. They also receive bonuses – such as sign-up bonuses and deposit bonuses – in the form of crypto. Cryptocurrency is the preferred transaction of metaverse casinos due to the quick transaction processes, transparency, and convenience offered.

Security?

Each transaction completed in metaverse casinos is done through blockchain technology and smart contracts. This ensures that each transaction is transparent and encrypted. All exchanges are recorded on the blockchain, meaning that all exchanges are immutable. Plus, players don’t have to enter their bank details or personal information, meaning that hackers have nothing to steal should they infiltrate the system.

Social engagement

Within the virtual casino, gamers can walk right up to other players and interact with them. This creates a convincingly life-like casino experience. While standard online casinos come with chat rooms, they are incomparable to the socialisation opportunities found in metaverse casinos.

Will metaverse casinos become more widespread soon??

As mentioned above, metaverse casinos haven’t yet taken off. This is partially because mainstream online casinos have yet to accept crypto as a payment means. For metaverse casinos to work, cryptocurrency is needed for deposits and withdrawals. UK-based casinos would have to first start accepting Bitcoin and Ethereum before offering metaverse functionality.

However, as non-Gamstop and other offshore casinos become more popular, crypto gambling and metaverse casinos will become more widespread as a result.

Another aspect that’s holding metaverse casinos back is the limited adoption of VR. When they were first released, VR helmets were expensive and out of most iGamers’ budget. As the years have passed, helmets have gradually fallen in price. Soon, they’ll be more affordable, which won’t only boost metaverse gambling but also metaverse gaming at large.

The VR headset market is expected to grow at a CAGR of 30.6 percent between 2023 and 2030. This suggests that they’re expected to become more popular in the coming years.

Once the above conditions are met, metaverse casinos could well take over as the leading casino option for gamblers.

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Casino conquest

In the crowded field of online crypto casinos, few have achieved the prominence of Stake. Founded in 2017 by Craven and Tehrani, who bonded over their shared passion for gaming, Stakes.Us Casino is one of the major players in the entire sportsbook and casino industry. While other crypto competitors remain on the fringes, Stake has firmly established itself in the mainstream. The iGaming sector, generating billions annually, presents both immense opportunities and intense competition. So, what has propelled Stake to such heights of success?

From gaming buddies to industry leaders

Craven and Tehrani’s journey began with a shared interest in gaming, which led them to develop a platform for betting on the popular game Runescape. Though their initial project wasn’t a hit with the producers of the title, it laid the groundwork for their future collaboration.

Prior to launching Stake, they founded Easygo, a company specialising in casino game development. Building on this foundation, Stake was introduced in 2017, marking their ambitious foray into the crypto casino arena.

The formula for success

In an industry where crypto casinos are often viewed as niche players, Stake has managed to bridge the gap between cryptocurrency and traditional gaming. Unlike many crypto platforms, Stake does not overtly advertise its cryptocurrency origins. Its sophisticated design and acceptance of conventional payment methods, including bank cards and digital wallets, cater to a broader audience.

Moreover, Stake’s extensive sportsbook sets it apart. While many crypto casinos offer sports betting as an afterthought, Stake provides comprehensive coverage, which has undoubtedly contributed to its growing customer base. Craven and Tehrani’s strategic focus on infrastructure and branding has been instrumental in their success.

Strength to strength

Stake has made significant strides in maintaining its visibility through high-profile sponsorship deals. The operator’s partnership with Everton FC in 2022, which set a revenue record for the club, was a landmark deal. Additionally, Stake has secured sponsorships with Watford FC and Gillingham football club, and extended its reach into Formula One, boxing, and UFC.

One of Stake’s most notable endorsements came with Canadian rapper Drake, who became the public face of the brand in 2022. The deal, initially valued at $100,000 per year, has likely seen increased figures in subsequent years, reflecting Stake’s growth. In 2022, the company reported an impressive $2.6 billion in revenue.

A blueprint for success

The operator continues to evolve, and despite a challenging industry and global economic climate, these numbers are expected to grow further.

The success of Stake is a remarkable achievement for two gamers who believed in the potential of a crypto casino. However, this success is no fluke. Craven and Tehrani’s approach can be seen as a blueprint for anyone looking to enter the industry.

While confusion around cryptocurrency persists, appealing to the mainstream has been crucial. It is this broad customer base that has propelled Stake to its multi-billion-dollar success.

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Protecting players

The Australian gambling industry has recently experienced a wave of significant reforms. One of the first major changes was the introduction of mandatory pre-verification for all customers on online gambling platforms. Additionally, the government has replaced the familiar “Gamble Responsibly” slogan in betting ads with more impactful, evidence-based warnings designed to better address the risks of gambling. In August 2023, the government launched the BetStop initiative, a nationwide self-exclusion registry aimed at protecting vulnerable individuals from gambling harm. Currently, lawmakers are also considering a potential ban on gambling advertising.

The ban on using cryptocurrency and credit cards for online gambling is part of this broader strategy aimed at preventing individuals from wagering money they do not possess, thereby mitigating the risk of financial harm.

Minister for Social Services Amanda Rishworth highlighted that this nationwide ban represents a critical measure in addressing the adverse effects of online gambling. By enforcing these regulations, Australians are restricted to gambling only with funds they already have. “As a result, minimum deposit online casinos have become more appealing, given that they accept initial deposits as low as $1,” explained GambleOnlineAustralia.com.

Inconsistent consumer protection across the industry

However, the ban on credit card and cryptocurrency payments does not apply to online lotteries and keno, creating inconsistencies in consumer protection across different forms of gambling. Kai Cantwell, CEO of Responsible Wagering Australia, expressed concerns that the exemption might drive players toward less-regulated gambling options, undermining the government’s efforts to control the industry.

The government provided a six-month transition period for operators to adapt to the new regulations, with the Communications Regulatory Authority overseeing the implementation. Companies that fail to comply with the ban face fines of up to $157.000.

Offshore casinos unaffected by the ban

The ban does not extend to offshore online casinos, which are beyond the reach of Australian regulation. With the global rise of cryptocurrencies and the decline of the US dollar, many countries have increasingly accepted cryptocurrencies as a payment method. This includes nations such as the United States, the United Kingdom, Canada, Norway, and New Zealand, all of which permit the use of cryptocurrencies in online gambling.

In the United States, cryptocurrencies are legal and widely accepted by businesses for various transactions. However, their use in online gambling is subject to state-specific regulations. Additionally, many offshore cryptocurrency casinos operating in the US lack Know Your Customer (KYC) protocols, resulting in anonymous transactions.

In contrast, the United Kingdom has a well-regulated gambling market that permits the use of cryptocurrencies. The UK Gambling Commission (UKGC) mandates that all cryptocurrency casinos adhere to KYC requirements for their customers. Furthermore, the UKGC ensures that all licensed operators incorporate anti-money laundering provisions into their terms and conditions.

While Australia imposes strict rules on domestic online gambling, Australian players can still use cryptocurrencies to gamble at offshore casinos, as the ban only applies to platforms registered within Australia.

The industry reaction

The ban on cryptocurrency and credit card payments has ignited debate among stakeholders in the gambling industry. Critics argue that the ban could lead to several significant consequences for the sector:

– Reduced access and convenience: The ban may force players to switch to traditional banking methods, potentially reducing their access to and convenience of gambling.

– Shift to unregulated platforms: Australian players who find the ban restrictive may turn to unregulated or offshore casinos, which could expose them to higher security and financial risks.

– Decreased competitiveness and innovation: The ban could hinder the development of the gambling industry in Australia, putting local operators at a disadvantage and limiting their investment in new payment and gaming technologies.

Despite this ban, Australia remains a crypto-friendly country. According to Statista, 25.6% of Australians own cryptocurrency, placing the country ninth globally in crypto adoption.

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Crypto token presales are typically conducted before the official launch of a new gaming platform or digital currency. Developers sell a portion of their total token supply to early investors, often at a discounted rate. This early funding helps cover development costs and build momentum for the project. Investors benefit by acquiring tokens at a lower price, with the potential for significant returns if the project succeeds and the token’s value increases upon public release.

Benefits for early investors

Early investors in crypto token presales gain access to innovative gaming projects that might otherwise be inaccessible. By supporting these projects from the beginning, investors can influence the development process and become part of a growing community.

Moreover, investing in tokens during the presale phase can offer substantial returns. As the gaming platform grows and attracts more users, the demand for its tokens typically increases, driving up their value. Early investors who bought tokens at a discounted rate can benefit significantly from this appreciation.

Finally, many gaming projects offer exclusive perks to early investors, such as special in-game items, VIP access, and other unique benefits. These incentives not only enhance the gaming experience but also add value to the investment.

Winz.io: A prime example of crypto integration in gaming

Winz.io, an online casino, exemplifies the successful integration of cryptocurrency in the gaming industry. This online casino offers a vast array of over 5,000 popular games, including slots and live casino options from top providers like Evolution Gaming. Winz.io is designed by players for players, ensuring a comprehensive and satisfying gaming experience.

Another feature of the platform is its fast cashouts and secure transactions. Players can easily deposit and withdraw using Bitcoin, Ethereum, and popular fiat payment methods. The platform ensures that cryptocurrencies remain safe, giving players peace of mind.

Crypto token presales present an exciting opportunity for early investors in the gaming industry. Platform Winz.io demonstrates the successful application of cryptocurrencies, offering secure, engaging, and rewarding gaming experiences. As the industry continues to evolve, early investment in crypto token presales could lead to significant financial gains and exclusive gaming perks.

Upcoming AIBC event:?AIBC East Europe, happening from the 2 to 4 September, Budapest.

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What is Layer 2 solutions?

Layer 2 solutions refer to secondary protocols or technologies built on top of an existing blockchain (Layer 1). They aim to handle a significant portion of transaction processing off the main blockchain, reducing congestion and improving overall efficiency. Some prominent Layer 2 solutions include the Lightning Network, Optimistic Rollups, and zk-Rollups.

Benefits for crypto casinos

For crypto casinos, these Layer 2 solutions offer substantial benefits. Faster transaction speeds mean users experience minimal delays when depositing or withdrawing funds, enhancing the overall user experience. Lower transaction costs reduce the financial burden on both the casino operators and the players, making micro-transactions viable and attractive.

One example is Cryptorush Casino. According to its website, Cryptorush Casino integrates Layer 2 solutions to ensure that users experience fast and cost-effective transactions, enhancing the overall online gambling experience.

Enhanced user experience at Cryptorush Casino

Cryptorush Casino claims that the use of Layer 2 solutions ensures that transactions are processed swiftly, allowing players to focus on enjoying their favorite games, such as slots, blackjack, and roulette. With partners like NetEnt, Nolimit City, and Pragmatic Play, Cryptorush Casino offers a diverse and engaging selection of games.

Cryptorush Casino also integrates the most relevant and reliable cryptocurrencies for both deposits and withdrawals. By utilizing Layer 2 solutions, Cryptorush can offer instant deposits and withdrawals, eliminating the wait times often associated with cryptocurrency transactions. This makes it easier for players to manage their funds and enjoy uninterrupted gaming sessions.

Scalability and prospects

Layer 2 solutions improve the scalability of crypto casinos like Cryptorush Casino, enabling it to handle more users and higher transaction volumes without facing bottlenecks. This scalability is crucial for maintaining smooth operations during peak times, such as during promotions or tournaments.

With these benefits, Layer 2 solutions play a pivotal role in advancing the operational efficiency of crypto casinos. By offloading transaction processing from the main blockchain, they provide faster, cheaper, and more scalable alternatives. As these technologies continue to evolve, they are likely to become integral to the future of online gambling in the cryptocurrency space, offering a seamless and cost-effective experience for both operators and users.

Upcoming AIBC event: AIBC East Europe, happening from the 2 to 4 September, Budapest.

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Blockchain Analytics Unveil Transparency

Blockchain technology, renowned for its transparency and immutability, has entered the fray in online casinos, promising a new era of trust for players. A recent report by blockchain analytics firm Blockchain Insights has shown that leading US online casinos have adopted blockchain solutions to ensure the fairness and transparency of their games. The blockchain ledger creates an unalterable record of all gaming transactions, cementing players’ faith in the integrity of these platforms.

This newfound transparency is a breath of fresh air for the industry, as players can now trust that the odds are not stacked against them, and every spin of the virtual roulette wheel or draw of the digital cards is legitimate and fair.

Gaming Technology Takes Center Stage

Cutting-edge gaming technology has taken the spotlight, transforming the user experience within online casinos. These platforms now leverage the power of blockchain and AI to offer immersive and equitable gameplay, making them the top choice for players in 2023.

With advanced graphics, real-time interactions, and gamified features, online gambling has ascended to a whole new level, attracting both casual gamers and high-rollers alike. The marriage of blockchain technology and gaming has created an environment where players can immerse themselves in a thrilling, realistic casino experience, all from the comfort of their own homes.

Crypto Privacy Elevates Security

Crypto privacy is another facet that has piqued the interest of online casino enthusiasts. As cryptocurrencies gain widespread acceptance, online casinos have embraced various digital currencies for deposits and withdrawals. Enhanced privacy features, such as zero-knowledge proofs, have become the industry standard, offering players a more discreet and secure gaming experience.

Now, players can enjoy the thrill of the casino without the worry of their financial transactions being exposed, adding an extra layer of security and peace of mind.

In the wake of these advancements and their steadfast commitment to player safety and enjoyment, Casinos.com has emerged as one of the leading online casino platforms in the US for 2023. Their dedication to excellence in reviews, guides, and securing the best bonuses aligns with the highest standards in the industry.

As blockchain analytics, gaming technology, and crypto privacy continue to evolve, players in the United States can anticipate even more exhilarating developments in the online casino industry. The convergence of these technologies is not only redefining the best online casinos in the US but also laying the groundwork for a more secure, transparent, and immersive gaming future. The dawn of a new era in online gambling is upon us, promising a safer and more enjoyable experience for all.

AIBC Europe:?

Join us at AIBC Europe in Malta and be part of shaping the future of technology in Europe. Let’s unite, innovate, and build the foundation for tomorrow’s industry together. Register now for a week of insightful discussions and networking!

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Paving the way with Payment Providers: the future of digital currencies

There was a broad consensus among the panelists that there is a possibility for crypto to be accepted on a large scale; but the process requires far more moving pieces than the market is now able to accommodate. Currently, the most popular trading pair in crypto is BTC to USDT, and its popularity continues to grow.

Payment providers play a crucial role in fueling this growth. Furthermore, ensuring that supply and demand for crypto are aligned. In spite of this, the discourse has advanced significantly in a short amount of time. If it continues to advance at this rate, it will be intriguing to watch where the industry stands in a few short years.

AIBC Dubai platformed discussions on how tools such as payment providers could contribute to Mass Adoption

Gaming, social networks, internet security, and brand presence on social media were all discussed at the conference. The Summit strived to leave attendees with new ideas and insights regarding the industry’s near future. This even included Akon, the world-famous pop star and creator of Akoin, who was a special guest at the event. His pioneering work in spearheading the future of Blockchain in Africa has left its mark on the entire continent with his debut of the Akoin MasterCard being a tangible example of payment providers leading the charge on Mass Adoption.

AIBC is not limited to its audience in the Middle East. Conventions will be hosted in Toronto, Malta, Belgrade, and Nairobi between 2022 and 2023, among others. If this indicates anything, it is that the Bitcoin-aligned conversations taking place in Dubai are in high demand around the world. Thus, it reflects well on the future of the industry.

As the event expands in scope, so does the extent of the dialogues. 47% of AIBC Dubai attendees are decision-makers in this sector, indicating the importance of the event and the people who are participating in it. In spite of the fact that Europe has the most prominent decision makers influencing the digital age, the involvement from policy-makers of Developing countries will definitely begin to balance out as knowledge expands.

From the perspective of ZB – the nature of crypto discussions has undoubtedly shifted

At one time, there were real questions about whether or not cryptocurrency could be used on a global scale. Now, discussions are based on the many steps that can be taken for this to happen. The way people debate has changed. Before, the question was always “if” this could happen. Now, the questions are “when” and “how.”

There is a presumption that crypto will attain the heights that people originally doubted it could get. As a result, conversations are becoming increasingly pragmatic. Considering where crypto will go next, the future holds a wealth of opportunities for cryptocurrency.

It’s hard to say what its next move will be on the market. It is still growing at an exponential rate and hundreds of new cryptocurrencies are coming out all the time. But it will definitely need a breakthrough like the ones platformed at AIBC before. At the end of the day, one thing is for sure: a future based on crypto is closer than it has ever been.

AIBC Americas debuts in Toronto:

Following the massive success that was AIBC Asia, the Summit’s first ever physical debut in the Americas is set to take Toronto by storm this June. Uniting the best and brightest in the emerging tech world, AIBC Americas will feature leading policy makers, executives, technologists and visionaries in groundbreaking areas such as AI, Blockchain and Quantum Computing. The Summit will be composed of three days of thought-leading panels, inspiring keynotes and a massive amount of opportunities to network, leaving our delegates several steps closer to the Fourth Industrial Revolution.

Join us from the 6th till the 9th of June in Toronto!

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It’s safe to say that the entertainment industry is one of the most creative industries around. It is valuable and it is also constant. On top of this, it is always evolving. If you make the same kind of movies, over and over again, then you will soon find that people get bored of them, and they simply don’t want to see things like that anymore. They want something new. If you can provide this, then you are well on your way to standing out and being on top overall. The great thing about AI is that it is helping the most creative engineers to take things to the next level like AI document processing. It is also helping people to keep up with the ever-changing technological landscape. Want to find out more about how entertainment has changed? Simply take a look below.

Source: Pexels (CC0 License)

Gaming

If you look at the world of gaming, then you will see that AI has changed it quite a lot. Machine learning has paved the way for new types of games to be released and this is helping out a lot when you look at the demand for different types of content. Look at NetBet Slots?for example; you will see that they have slots that work through a digital platform and each time the result has equal chance of being a win. The algorithm is fair and a lot of this comes down to machine learning. You also have poker and blackjack, and again, this is very dependent on technology such as AI machine learning.

Screenless screens

We are now entering a world known as screenless screens. The next wave of what a screen looks like will be very different to the screens that we have today. It will quickly become a virtual layer on the reality that we have now, and it will not feel anything like we have experienced before. This is the science as we know it today and it is safe to say that it is in fact happening. Everyone is going to see that in the future, you may not have to hold a device that has a screen at all.

The future of entertainment

Faster completion of movies is going to be made possible through AI. AI is the future of the entertainment industry as we know it and it would seem that if actors have date issues because they are booked in with another movie, this is not going to impact things overall. The movies have the potential to be completed fast as there is absolutely no waiting period and even deceased actors can be brought back in a virtual reality format. This is going to help to speed up the marketing process and it is also going to help to make all marketing processes faster overall. It is going to help out a lot with designing advertisements and people are going to have personalised content that is entirely based on user data. It could even depend on the way that people view a website as well and this is very exciting.

Join us for?AIBC Americas?– Toronto:

Toronto is the perfect hub for AIBC’s growth in North America, making it a nexus of networking and business development in the region with regards to emerging tech. Playing host to a massive industry, Toronto will be the home for the SiGMA Group’s initiative to link the industry pioneers of the continent together for 3 days of networking, workshops, and awards. To learn more about sponsorship and speaking opportunities or to inquire about attending the event, please contact Sophie on?[email protected].

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The decentralized finance (DeFi) sector has had a remarkable few years. Since the beginning of 2018, the industry has grown steadily. The introduction of automated market makers has been a major driver to the expansion of the DeFi business (AMMs).

AMMs are decentralized exchange (DEX) protocols that utilize a mathematical formula to price assets, as opposed to centralized crypto exchanges that utilize order books. They permit users to exchange tokens without the need for a counterparty. To keep the system functioning, AMMs often rely on liquidity providers (LPs). LPs, therefore, are encouraged to provide liquidity.

Having said that, EmiSwap’s arrival into the DEX arena is likely to shift the story. EmiSwap, spurred by the drawbacks of existing protocols, intends to shift liquidity from larger protocols to its platform by providing its users with more benefits. EmiSwap markets itself as the “first community-governed DEX with NFT mechanics.”

The EmiSwap AMM DEX

In 2020, Gregory Rybalchenko launched the Decentralized Developers’ Group, the primary aim of which is to create the first fully autonomous DAO and its first project — EmiSwap.

As an automated market maker exchange supplemented by an ESW governance token and yield-boosting NFT Magic Cards it is an open-source, decentralized platform, a fork of Uniswap V2. EmiSwap distributes 100% of trading fees to liquidity providers and ESW token holders who then vote on the ecosystem’s future growth. The EmiSwap protocol offers Ethereum gas fee refunds and an NFT-based loyalty program to pro-active users.

EmiSwap was released on March 31st. Since then, the protocol has welcomed over $550,000 in total locked value (TVL). It also received $1.3 million in startup financing for its ESW cryptocurrency during pre-seed and seed rounds. So far, the blockchain project’s future appears to be promising. Aside from its success in garnering investment and liquidity, the protocol has passed a security test conducted by Hacken, a major blockchain security firm.

The EmiDAO Ecosystem

The EmiDAO ecosystem is the world’s first autonomous DAO, allowing the community to be the project’s proprietors and make decisions about its future evolution. The EmiDAO alliance’s first project is the EmiSwap AMM DEX, and its partners – Alpha Sigma Capital investment fund, DigiFinex, Bitmart, Emirex, and HollaEx centralized exchanges, IDCM, MahaDAO and Everest KYC provider – take an active role in running and marketing the new DEX.

The Rewards for LPs & Swappers

EmiSwap typically pays 0.25% of all exchange transactions to LPs, but rewards for the first 100 days following release will multiply. How so?

1. 100% Ethereum gas fee refunds for any operation in ESW governance tokens.
2. 30,000 ESW is allocated to LPs daily in proportion to each million DAI trading rate
3. 40,000 ESW is distributed to LPs regularly.
4. ESW holders earn 0.05 % of regular trading volume and vote on product innovations.
5. LPs can receive limited-edition NFT cards by crossing TVL milestones.

• – A hypothetical scenario to assess how competitive EmiSwap is in terms of rewarding liquidity suppliers shows one possible outcome of a 107 % APY. Let’s say you provide USD 100,000 in liquidity for the ETH/DAI token pair.
• – You spend 100 USDT for gas and receive 435 ESW in return. The liquidity of EmiSwap is 20,000,000 DAI and your stake is 0.5%.
• – The daily transaction volume is 3,000,000 DAI, 7,500 DAI are distributed between LPs daily. You earn 37,5 DAI every day.
• – 90,000 ESW is provided proportionately to LPs, divided into 30,000 ESW for every 1 million trading volume. Therefore, you get 450 ESW per day.
• – Liquidity providers also receive 6,150 ESW for every 1,000 blocks. There are 6,800 blocks per day, so 41,820 ESW are distributed across LPs. Your daily bonus is 201 ESW.
• – Your daily bonus in this case is 37.5 DAI + 651 ESW.
• – You also get 0.05 % a day from your ESW tokens.
• – In this hypothetical calculation, your monthly earnings would be 1125 DAI + 19,530 ESW.

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For anyone who is not familiar with gambling sites, the connection between cryptocurrency and gambling might seem like a stretch, but in reality, the two are important factors in each other’s industries, so one naturally affects the other. Blockchain technologies, or cryptocurrency, have been a part of the gambling industry for a long time and are a popular way of processing payments while playing casino games or gambling.

When it comes to cryptocurrency and gambling, there are mainly two currencies that have taken the largest part of the collaboration between the two industries, namely Bitcoin and Ethereum, and people tend to prefer the latter among the two. If you are interested in gambling online you should visit Zamsino’s Canadian site, and see all the options they offer there for people who want to explore gambling as an entertaining way to spend their free time.

Why cryptocurrency?

There are many reasons why the cryptocurrency is popular when it comes to online casinos and gaming, and the main reason why, is that it offers full anonymity. Because of how it’s encrypted, using cryptocurrency instead of regular currency, offers a whole different kind of confidentiality that a lot of people enjoy. It also means that no government or authority can regulate it, which is another popular reason for using cryptocurrency when gambling.

When you use cryptocurrency to gamble, and as a way to take your money off a given site, you are simultaneously also a lot better protected against hackling, because only the person with the access code (or key) is able to make changes, and that person is you. In short, you are able to control everything in a whole other way than you can when using normal currency.
When you gamble online without having to worry about privacy or hacking, you are able to have a much more relaxed experience, where you can really just focus on the entertainment you came for. But there are certain moral questions that you might want to take into consideration when you are choosing cryptocurrency instead of using normal currency.

Be aware of tax rules and regulations in your country

Depending on where you are from, the rules regarding the tax you are supposed to pay on what you win when you gamble can vary and is something that you should really look into. Because while many choose cryptocurrency because it’s private and can’t be traced back to them in the same way as money deposited into your account from an online casino can, and they, therefore, can’t be held accountable for earnings and taxed accordingly, it doesn’t mean that this is right.

Regaining total anonymity, safety from hacking, and all the other great facets of cryptocurrency is great, but you can safely enjoy gambling with cryptocurrency and still pay taxes according to the rules of the country you live in, regardless. It’s tempting not to because it is easier to get away with it, but it feels better to contribute.

Next up: Malta Week

Don’t miss out on amazing networking opportunities and exclusive industry insights at?Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMA, AIBC, Med-Tech World?and AGS, each presenting the top developments of their focal industries.

The cross-collaboration of each brand make Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policy makers and thought leaders

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