Crypto casino, Bitcasino.io recently had huge success at the annual EGR Marketing Awards by picking up two of the highly coveted awards!

Bitcasino.io wins two EGR Awards

The event which was held virtually this year due to COVID restrictions saw the crypt casino brand beating some of the biggest casino brands to the top prizes including Mr Green, Betsson and William Hill.

The 2020 EGR Marketing & Innovation Awards were held virtually this year on the 30th of July. The annual event is a big part of the gaming calendar with many of the industry biggest brands shortlisted for their list of awards.The casino was proud to be recognised in such tough categories which included ‘Best CRM Campaign’ for their spooky bitcoin predictor and ‘Best Social Marketing Campaign’ for their Team Trees Campaign.

Bitcasino.io are no strangers to innovation. They have been one of the major pioneers in the crypt casino industry helping to pave the way for casino fans to enjoy fast, fun and fair gaming while playing with their digital currency. They have certainly been a driving force in taking crypto casinos into the mainstream and these two wins only underpin their achievements so far.

Read more about their EGR wins here.

Who is Bitcasino.io?

Bitcasino.io is one of the original bitcoin casino designed purely for crypto casino players. You can’t actually play here with anything other than digital currency so they are arguable one of the truest bitcoin casinos out there.

With one of the largest games collections for major software developers plus a decent serving of promotions, the seemingly offer it all to us crypto casino fans!

Why not take a spin over to Bitcasino.io and see what all the fuss is about?

Follow our link here to head on over to read our bitcoin casino review and discover more about their 100% bitcoin bonus worth up to 1 BTC!

 

The Rise of Bitcoin

Bitcoin closed on Friday, and the month of July, at $11,351, its highest monthly close since the all-time high nearly two-and-a-half years ago.

Prior to July, Bitcoin had closed below $11,000 every month since nearly reaching $20,000 way back in December 2017. This peak on Friday was a month high and 2-year high and something that looked to keep climbing. Bitcoin gained 24% in July  after a 3% loss in June which led many people to see this trend continuing into August.

Yan Liberman, former associate at Deutsche Bank and co-founder of Delphidigital says,  “The supply on exchanges is close to 12-month lows,”  this signals a strong commitment to hold bitcoins for the long term. The percent of bitcoin’s supply that has not moved in the past year is at all-time highs of around 20%.

A Brief Fall of Bitcoin

However, on Sunday (2 August), Bitcoin suffered a price drop of $1,458 in under an hour. The sudden slide caught many traders off guard, forcing out a significant amount of buying pressure from the market. The biggest gap in Bitcoin fell from $11,969 to $10,659 in 10 minutes, having reached a brief high of $12,118 before the downturn.

Recovery

Things are already starting to look good for Bitcoin just 24 hours after the slump. At this moment in time, the cryptocurrency was trading near $11,174, slowly regaining and keeping its steady +$11,000 monthly value. Bitcoin casinos are seeing more traffic as the dollar value of btc promotions keeps rising!

Bitcoin Price surges past $10 – Is $10.5K Within Reach?

Bitcoin target heads towards$10,500 after a strong weekly close and at $10,315.

 

Over the weekend Bitcoin (BTC) price went above $10,000 to set a new monthly high at $10,315. Could it keep going?

Analysts and traders expect it to reach $10,500, although price estimates ranging from $11,000, $14,000 and even $16,000 have been talked about. This could result in the biggest rise since Dec 2017.

While this is exciting news, it’s important to note that Bitcoin price has rallied 12.76% since rising from $9,142 on July 21 and the price has yet to retest underlying support around $9,450.

Bitcoin SV (BSV) also went up gaining 2.18%.

Previous 10k Surge

The last two moves above $10,000 occurred on high volume surges, meaning traders should keep an eye on buy and sell volume on the 1 and 4-hour timeframe to determine if the current move can keep upward momentum.

In the event of a pullback, traders will likely look for a retest of the $10,100 area and a strong pullback could see the price drop to $9,800-$9,900 where the price may consolidate.

Ethereum moves up too!

Ether (ETH) price also surged higher as Bitcoin price surged to $10,315. Over the weekend, Ether reached $329 after rallying 5%.

According to CoinMarketCap, the overall cryptocurrency market cap now stands at $306.6 billion. Bitcoin’s dominance index currently at 61.4%.

Could we see a Mastercard-Backed Bitcoin Debit Card?

Mastercard has given a London-based digital payments firm principal membership status, becoming the “first” native cryptocurrency outfit to do so.

The membership allows Wirex to issue payment cards directly to consumers. This will make it easier for customers to – “Buy, store, exchange and spend your digital or traditional currencies, anytime, anywhere.” – wirexapp.com

Raj Dhamodharan, Mastercard’s executive vice president on digital assets and blockchain, says, “The cryptocurrency market continues to mature … our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay.”

Previously, Wirex’s crypto debit card had been with Visa. Visa is a major supplier of debit/credit cards, and is also the main competitor to Mastercard. The card was issued by German fintech group Wirecard, under license from Visa.

However, a recent $2.1 billion missing cash scandal led to the breakdown of Wirecard, but not before badly affecting the card services of other financial companies like Wirex. Luckily, Wirex were able to find an alternative and were fortunate that Mastercard agreed to the membership to allow them to continue.

Pavel Matveev, chief executive officer and co-founder of Wirex, said the Mastercard principal membership “represents a growing interest and recognition in the acceptance of cryptocurrency by leading bodies and regulators…”

Wirex is regulated by the UK’s Financial Conduct Authority and owns a license to issue cards in Europe.

BitStarz is never a casino to drag their feet when it comes to showcasing brand new bitcoin games and slots. So we weren’t surprised to see them all over this latest EGT slot release Ice Valley!

NEW Game – Ice Valley launched at BitStarz Casino

With 1024 ways to win, this five-reel, low to medium volatility slot is just what we need to chill out at our favourite bitcoin casino! BitStarz is amongst the first crypto casinos to launch EGT’s latest online slot game. The Bulgarian developer has recently launched Ice Valley, a winter-themed slot game. Strange timing as we are in the height of summer, but hey, maybe we all need to cool off a bit and this is just the game for the job!

The game features free spins, jackpot and spreading wilds. Plus it has a boosted win zone to provide players with more chances at bigger wins. If you manage to land a win within the box, it will spread to the other spaces giving you mega win potential! Cool!

Visit BitStarz and find out more about their latest slot releases, play Ice Valley and pick up their welcome bonus.

Visit Bitstarz Casino!

*Strictly 18+ ONLY. Please read the casino T&Cs and Bonus Policy.

Calling all Bitcoin buccaneers, BitStarz crypto casino has just launched their latest promotion, Pirate Gold Level Up! In their latest Level Up promotion, which takes the place of their recently ended Sweet Level Up Adventure, they are promising it will be their most action-filled to date!

BitStarz Launches NEW Pirate Gold Level Up Adventure!

Crypto players can take part in the Level Up Adventure over the course of the promotion which began at the start of July and runs right through until the end of September. There is plenty of time to set sail through their pirate-infested waters and work your way up the levels towards the grand €10,000 prize!

But that’s not the only treasure you can find along the adventure, as you move up the forty levels you will be competing with other players to be the first to unlock the €50,000 prize pool and pick up some surprise bonuses too. This time, BitStarz has also added another level. Any players who reach the final level before the end of the promotion will be invited to the extra bonus Level 41. Here, a battle will begin for the ultimate in pirate booty…a 1kg gold bar!

To register for the promotion, you’ll first need to be a BitStarz customer, if you are already, then you can jump straight to the promotion and start competing for the grand prize. If not, you can head over to BitStarz bitcoin casino to create your account. You can also take part in their generous welcome bonus for Bitcoin players.

Find out more by clicking here to visit Bitstarz.

📖 Or read our Bitstarz Casino review.

At the beginning of June this year, Paypal posted a job opening for a Blockchain Research Engineer. The job description asked for experience and skill sets in many disciplines but touched one in particular: “Leading discovery for use cases that can further PayPal’s understanding of blockchain and specific blockchain implementations.” 

This information piqued a lot of interest in the financial sector and got many to wonder if Paypal, and its associated payment application Venmo, could soon offer crypto-currency payments and wallets.

Coindesk.com recently published an article, they stated a “well-placed industry source” said:

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” and that “they are going to have some sort of a built-in wallet functionality so you can store it there.”

How cryptocurrency will be integrated into these platforms is still not known. Whether or not they will offer more than just Bitcoin, and include other cryptocurrencies like Ethereum and Ripple, and when it will happen is also uncertain. Coindesk.com’s source also said that Paypal “would be working with multiple exchanges to source liquidity.”

Bitcoin revenue of Paypal’s competitors is too great to ignore.

This is not Paypal’s first foray into cryptocurrency. Just back in 2016 Paypal starting offering Coinbase users the abitlity to withdraw their fiat or, crypto-money, in to their Paypal accounts. This usually involved large transactions, so a quick “one time” phone call required to verify the transaction.

Paypal is a very secure payment service, and with its interest in cryptocurrency, together with its experience with Coinbase, this could be a very clever and profitable move for Paypal. Maybe their relationship with Coinbase will fuel the change and lead to more integration?

There is another payments solution and competitor to Paypal out there called Square (co founded by Jack Dorsey a CEO and co-founder of Twitter). They have a payment system for mobile called CashApp. In 2018 they gave its users have the ability to purchase and store cryptocurrency and in May of this year, CashApp reported quarterly revenue of over $300 million from Bitcoin purchases and transactions.

Hundreds of millions of Paypal and venmo users will now have access to cryptocurrency.

This year, Paypal hit over 300 million users and Venmo’s growing user base can add a great deal more to that number. The amount of people that will now have the access, exposure and opportunity to invest in Bitcoin, or other cryptocurrencies, is massive for Paypal.

This revelation is somewhat of a U-turn by Paypal after back in 2018 – PayPal CEO Daniel H. Schulman claimed that Bitcoin is a scam. But now, in 2020, PayPal and Venmo are to offer Bitcoin purchases.

This is by no means just a Paypal thing. Many other companies have realised the value of Bitcoin and other cryptocurrencies and have made their on U-turns on the matter. These include 7-Eleven, CVS Pharmacies, Rite Aid Pharmacies and Australia Post In the past these companies have started with an “anti-Bitcoin” stance, only to come around and to eventually integrate it into their systems.

The effect on Bitcoin

The price of Bitcoin seems to be unbothered by this news, but this potential influx of 300 million+ users that will now have the option to buy, sell, store and withdraw cryptocurrency makes a good case for increasing adoption. As for the effect on bitcoin casinos, well, it brings everything one step closer to the mainstream…and that makes for some potentially interesting outcomes. Watch this space.

Cryptocurrency Performance: Year-to-Date:

• Bitcoin (BTC) YTD: 29.21%
• Bitcoin Cash (BCH) YTD: 14.72%
• Ripple (XRP) YTD: -5.56%
• Ethereum (ETH) YTD: 78.53%
• S&P 500 YTD: -5.42%

CloudBet has always been a popular choice for bitcoin players. They challenge the norm by bringing crypto casino players slick online gaming, sportsbook access and big bitcoin bonuses and rewards. Now they have gone one step further and are offering zero margin odds on all remaining EPL games in the 2019/20 season.

Zero-Margin Odds on EPL Games

CloudBet promises to offer the best odds with no commission. This is possible as they are a crypto sportsbook and can sidestep any transactional fees or currency conversions that many casinos will incur and ultimately pass on to players by using more conventional payment methods and fiat currency options. Recent Tweets from CloudBet showed their odds to be better for every outcome than some other major crypto casinos including Stake.

👉🏻 You can visit CloudBet to place bets here.

To find out more about CloudBet Bitcoin Casino and check out their latest odds for English Premier League matches, check our CloudBet review here.

As the world begins to open up again after coronavirus, plans are in place to restart gaming events and exhibitions. The Global Gaming Expo (G2E) could be the first major gambling event to take place post-pandemic in October. The organisers are closely monitoring the situation and the safety of their delegates will be a priority.

G2E Las Vegas – Global Gaming Expo to take place in October

The event, which has been a premier destination for gaming professionals for over 20 years, brings together cutting-edge technology, networking and education in one place. The event features over 400 exhibitors for around the world and has seen more than 27,000 attendees in previous years, although it is not yet known how the format will work this year with social distancing measures possibly still in place. To find out more about the event or pre-register to attend, click here.

Stick with us for all the latest bitcoin casino news, new games and new bitcoin casinos. Even better, why not subscribe so you are always the first to hear about the best bitcoin bonuses?

Bitstarz Casino is known for its popular player promotions and one such event taking place right now is their ‘Sweet Level Up Adventure’ where players can WIN €10,00 in cold hard cash. But don’t hang around for long as there is a little under a week left to join in!

Sweet Level Up Adventure – WIN €10,000

The Sweet Level up Adventure is due to end on the 26th June and offers five individual prize pools of €10,000. Slot players are invited to take part and hit the slots to work their way through the levels and pick up bonuses and prizes along the way. Slots are the best way to level up as they count 100% towards the requirements as opposed to table games which are just 5%. The first player to hit level 40 will win €10,000 in cash.

Visit Bitstarz Casino to take part

Bitstarz is one of the most popular bitcoin casinos with creative promotions and generous bonuses for their crypto casino players! They deliver over 600 games, instant deposits and withdrawals and great service.

Read our Bitstarz Casino review to check out more information about this brand, or find out more about the Bitstarz current level up promotion here.

The Swedish government are going ahead with planned temporary restrictions for online gambling, despite appeals from trade bodies and industry leaders in the country. The measures will be implemented on July 2, will last until the end of 2020 and are designed to help protect vulnerable players.

This new course of action will add promotional, time and deposit restrictions, which will hopefully stop players from overindulging in irresponsible gambling behaviour and protect them from gambling-related harm. Ardalan Shekarabi, the country’s social security minister, says that these measures will lead to strengthening the protection for online gambling players.

Some of the restriction outlined above include, only allowing bonuses up to $10 and a weekly restriction of deposits up to $540. Time limits, per session, for players will also be introduced.

Many industry leaders, including Betsson and LeoVegas, object saying that this could disrupt the industry and result in boosting the offshore and unregulated gambling markets. This is bad news because players have ZERO protection in these markets and could possibly fall victim to online fraud, Identity theft, money laundering and even cheated out of deposits and winnings. Bitcoin casinos fall into an interesting space because non-FIAT casinos are not grouped alongside black market casinos and have a very different customer base and business model.

Spelinspektionen, Sweden’s gambling regulator, has said that the measures could more than likely backfire! More and more players could leave the regulated market and look for bonuses and promotions at these unregulated casinos. Spelinspektionen have already banned 21 restricted operators since 2019.

What does this mean for gamblers in Sweden?

There are few changes that will happen. Swedish players will have access to the same gambling options, but, they will be more restricted in how much they can gamble and how much time they can spend.

There have been some alternative blockchain options, but most of them do not have a Swedish license.

At the moment, popular crypto-currency casino companies such as BitStarz and iLucki operate two of the best online gambling casinos. These casinos offer generous bonuses and promotions for anyone who is interested in signing up and playing. What’s more, these casinos go beyond current regulatory requirements. They offer much more player protection while also giving them a choice of deposit limits.

What could happen?

These new measures could hamper player choice and have a drastic effect on the regulated market. Where will they go to to play? and what lengths will they go to to play? One route is offshore and unregulated casinos, the other option, of course, is that players head to crypto casinos.

Stake Casino launches new game ‘Slide’!

Pure bitcoin casino Stake, has recently launched a new game to add to their growing portfolio of in-house developed bitcoin games. The latest addition to the collection is called ‘Slide’, a multiplayer game where you are invited to set your own multiplier and slide your way to some wins!

Read our full Stake Casino review and check out their new game here

EGBA strengthens data protection in the online gambling sector

The European Gaming and Betting Association (EGBA) has updated its code of conduct to strengthen data protection within the online gambling sector. The Code of Conduct, which was published on the 10th June 2020, ensures compliance with GDPR and sets out the highest standards of protection for the online gambling industry to date.

The crypto casino industry has meant that players can bypass many of the sticky issues that casino fans can experience with little or no requirement to disclose their personal information. This is one of the many reasons why the crypto casino sphere and crypto casino brands such as Bitcoincasino.io and Bitstarz are seeing huge growth.

Read the full EGBA article here

BitStarz adds dozens of new games to its portfolio!

Bitstarz has upped their game this month with the addition of multiple new games for crypto casino fans to enjoy! We have seen them launch a surge of new games. Their players have gained access to some fantastic new slots including NetEnt’s ‘Happy Riches’ and EvoPlay’s spectacular circus slot ‘The Midnight Show’!

We are very excited to try the Happy Riches slot – 15,000x multiplier and a max win of €225,000 gets our interest! They also recently launched an exciting giveaway offering entrants the chance to win a brand new Tesla Model 3! Read more about Bitstarz in our crypto casino review here.