Blockchain Cryptocurrency and its Effects on Gambling Industry 161

Ask around, and there are few people who have not heard of cryptocurrency. A few years ago, the concept was as abstract as astrophysics, but now everyone wants in on this new phenomenon. Before we delve into the intricacies of cryptocurrency and the blockchain technology that makes it all possible, it’s important to understand what it is. In its simplest form, cryptocurrency like Bitcoin offers a decentralized alternative to traditional transactions processing. The entire blockchain – the algorithmic code – that underpins the Bitcoin markets is not governed by a regulatory authority, a central bank, or any government. It is comprised of a series of decentralized nodes made up of everyone who is on the network. Such a concept has widespread applications. For starters, it provides near zero transactions costs, fees and commissions, rapid processing of transactions, no middlemen are required, and there is virtual anonymity depending on the network that is used to transfer the cryptocurrency. For poker aficionados, gambling gurus, and slots players this is a godsend.

One of the biggest problems that exist in the online gaming arena is regulation. People who are responsible by their very nature and wish to dabble in online poker games, online blackjack games, or online slots games may be prevented from doing so by state or federal regulations. In the US, the 2006 UIGEA created many obstacles for online poker 888 players and online casino players alike. On one fateful Friday – dubbed Black Friday – the world’s leading online poker rooms closed up shop after the Department of Justice and the FBI announced they would be shutting down major online poker rooms.

Did the UIGEA Facilitate the Rise of Bitcoin for Poker Players?

According to the DOJ, they were in contravention of the Federal Wire Act and were involved in money laundering activity. The problem at the time (and it remains a federal law) is that banks and financial institutions are not allowed to process transactions to online betting sites. Leading online poker operators fled the US, returning in late 2013 after the state of New Jersey opened up online gaming to its residents.

Can Bitcoin and the blockchain technology that it is fashioned off provide the necessary solution to players wanting to enjoy real-money poker games like Texas Hold’em, Omaha Hi, Razz, Caribbean Stud Poker, 7 Card Stud and others? The answer is a definitive yes. Since Bitcoin is not fiat currency, and it is not operated by banks or financial institutions – there is no reason why it cannot be accepted by online poker rooms of the major brands. By dint of its decentralized status, it is an accepted form of digital payment.

The widespread acceptance of Bitcoin in modern-day society is it saving grace. More e-commerce transactions, more online gaming sites, more business to consumer operations are now accepting digital currencies than ever before. The explosive growth of Bitcoin in Q4 2017 has brought this cryptocurrency to the attention of the masses. From under $1,000 per coin at the start of the year in January 2017, Bitcoin rallied by almost 2,000% to hit $20,000 before retreating to $15,000 per unit.

Is Bitcoin Online Gaming Going Global? 

Figures aside, the rapid rise in cryptocurrency is due to its mainstream acceptance throughout Asia and other parts of the world. The UK, EU, Australia, US, Canada, South Africa and other countries are now dabbling in Bitcoin trading, investing, and transactions processing. Bitcoin wallets and trading platforms are now pervasive and ubiquitous. Poker players were among the first to cotton on to this idea, as they believe theirs is not a gambling game – it is a strategy-based game. As such, the concept of ‘betting’ is less of a gamble than it is a punt on one’s abilities as a skillful player.

So, what are the advantages of playing poker with Bitcoin? For starters, poker players do not have to worry about regulatory authorities clamping down on their gaming activity since Bitcoin poker is not regulated by financial institutions. This confers many additional benefits on players such as freedom to play Texas Hold’em at any time. Since no fees need to be paid while transactions are being processed, online poker rooms like 888 poker and online poker players needn’t worry about these extra costs.

Another benefit of using Bitcoin for poker is the issue of inflation. Since inflation is impossible with Bitcoin – only 21 million BTC will ever be available in circulating supply, the quantity that is currently available is limited. This means that markets can never be flooded with excess BTC – only incremental amounts (fractional amounts) will be released at a decreasing pace. We already see this with huge dollar volumes of BTC trading, and low nominal volumes owing to the high price

Why have online poker rooms been slow to adopt Bitcoin?

Remember that Bitcoin was created by an entity, individual or group of people known as Satoshi Nakamoto back in 2008. When the white paper was released and Bitcoin was offered to the markets, it was worth mere fractions of a penny per unit. The currency was mined by powerful hardware and software and computer techies. As the currency gained greater traction with users, its value steadily increased and it hit a high of around $20,000 in 2017. It is possible to exchange this digital currency for goods and services, and fiat currency as well.

We have already listed several of the benefits associated with Bitcoin use for online poker games. In addition to its store of value function (a limited supply of BTC will be made available), the anonymity and safety features of Bitcoin are sacrosanct. Bitcoin poker games suffer from several problems including cryptocurrency thievery, fierce competition from other cryptocurrencies such as Ethereum, Litecoin, Ripple, Bitcoin Cash etc., and a low acceptance rate owing to its prohibitive transactions processing speed. Currently, only 7 transactions per minute can be processed by Bitcoin, while other options like Ripple can process thousands of transactions per second. Poker rooms also have to deal with the bureaucracy – the paperwork needed to maintain the books.

So, how will Bitcoin and online poker gel in the future? To put it mildly, top online poker rooms will be looking at ways of incorporating cryptocurrency in their range of accepted payment options if all the checks and balances add up. Bitcoin may not be the most efficient digital currency to use, given its slow processing times. However, poker players appear to be more interested in using their credit cards and their cold cash to fuel their strategic gameplay than pie-in-the-sky concepts like the bubble that may be Bitcoin.

Is BTC Ironclad?

The issue of counterfeit activity is impossible with BTC given that each Bitcoin has a unique signature (code) attached to it. Since poker aficionados are dealing with finite quantities of authentic non-fiat currency, there is no risk of fraud with the cryptocurrency being used. A caveat is in order for poker fans – the security of Bitcoin wallets and cryptocurrency data must be safeguarded at all times. And if you’re rushing to cash in on a poker tournament, you don’t need to worry about a bank wire being processed – Bitcoin transactions and other cryptocurrency options can be processed immediately. Withdrawals are a lot quicker from your online poker account as well.

Several leading poker rooms now facilitate Bitcoin (BTC) transactions processing for the many benefits that it confers upon players. Bitcoin casinos and poker rooms are rapidly growing in number, and for good reason. It is important to understand that cryptocurrency is inherently volatile, and winnings of X amount of Bitcoin can be worth significantly more or less in fiat currency at any given time. Currently, there are well over a dozen leading online casinos providing gaming options with BTC. Many of these online casinos and online poker rooms offer exclusive payments processing with Bitcoin, while others have included it as part of their range of payment options. We are on the cusp of major change in the gaming arena, and it is largely thanks to the widespread adoption of BTC in countries like South Korea, Singapore and the Philippines.

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Cardano Spot & TapTools Join Hands For News & Data Sharing 6488

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Cardano Spot offers its News API to Cardano native projects for free. Meanwhile, the TapTools platform leads the data aggregation for Cardano markets.

Singapore (1st April 2024): Cardano Spot is thrilled to announce a partnership with TapTools, Cardano’s native assets data aggregator. Cardano Spot, the first Cardano Social network, strives to educate and spread awareness about the ecosystem. This collaboration focuses on bringing the latest crypto news to the community.

Enhanced Visibility

The partnership is a significant move towards fostering a better understanding of the Cardano ecosystem, using accurate data and news updates within the Cardano community. Cardano Spot and TapTools facilitate comprehensive information and data insights to empower degens.

“Cardano Spot aims to educate the community and onboard new users to the ecosystem. Our strategic partnership with TapTools will optimise our efforts to provide accurate data reporting and enhanced news articles. Our News API brings the latest updates from the Cardano blockchain and its native projects. This collaboration further complements community-generated content and brings more engagement on both platforms,” stated Anuj Chaudhary, Content Head of Cardano Spot.

“Integrating Cardano Spot’s news articles into our platform is a great step forward in spreading awareness, and we’re thankful to be working together to provide great news and updates to the community,” said James Cadena, COO & Co-Founder, TapTools.

Educational Content

The collaborative effort is to create informative content to educate the community about several aspects of Cardano’s decentralised finance (DeFi) segment. Both entities work closely with the native projects, guiding the ecosystem to the next level. TapTools has consistently demonstrated its commitment to simplifying the Cardano ecosystem, making it more accessible to users.

Mutual Collaboration

This collaboration depicts just the beginning of what promises to be a series of impactful synergies between Cardano Spot and TapTools. Both entities share a mutual goal of enriching the Cardano experience for users. Reporting on the latest developments with accurate data will help to create impactful content and research papers.

In a nutshell, the partnership between Cardano Spot and TapTools signifies a shared commitment to promoting transparency, accessibility, and education within the Cardano ecosystem. Through this collaboration, users can expect enhanced access to timely and informative content, further empowering them to engage with and understand the evolving landscape of Cardano.

About Cardano Spot

Cardano Spot is an emerging Web3 social media platform developed with the Cardano community at its core. It is a home for Cardano enthusiasts, where users can stay updated with the ecosystem. They can also grow through insights into the market and connections with the community.

About TapTools

TapTools is an all-in-one data platform for Cardano native assets. The TapTools Pro suite comes with important tools like hot wallets, wallet profiler, volume profiler pro, and distribution pro. These tools are crucial for serious investors and traders. TapTools offers personalised watchlists for tokens, wallets, and CNFTs.

For media inquiries or further information, please contact:
Mozhalova Oleksandra
PR/Marketing Manager
[email protected]

Vircrum – Where Ideas Take Flight: Your All-in-One AI Solution for Transforming Text to Image, Voice, and Video 6027

Vircrum revolutionizes content creation, translation, and summarization, empowers visual storytelling and data visualization, enhances accessibility and language learning, and amplifies content marketing and educational efforts.

$VCRM Fairlaunch Details:

  • Fairlaunch on Pinksale starts from:- 12:00 UTC 15/04/2024 
  • Buy here: https://www.pinksale.finance/solana/launchpad/FMJbcLoGsJ4QxuPcXUXSNCZrqBdbnVth2XBfhDxRt4uF
  • Contract address – J4LKD1TwqZPJMC4FT3ZMikFZE9T4pwYA9MXyhNvd6jcY 
  • View MEOWWIF contract on solscan :- https://solscan.io/token/J4LKD1TwqZPJMC4FT3ZMikFZE9T4pwYA9MXyhNvd6jcY

Vision: Empowering individuals and businesses to unlock their full potential through seamless integration of advanced AI technologies.

Mission: At Vircrum, our mission is to revolutionize the way people interact with technology by developing cutting-edge AI solutions that simplify tasks, enhance productivity, and enrich lives. We strive to create a future where AI seamlessly integrates into everyday life, empowering users to achieve more while fostering innovation and positive change across industries. Through relentless innovation, ethical practices, and a commitment to excellence, we aim to be at the forefront of the AI revolution, driving forward progress and shaping a brighter, more connected world.

Pool Info

  • Toatal supply :- 1,000,000 (VCRM) 
  • Tokens For Presale:- 400,000 (VCRM) 
  • Tokens For Liquidity: 193,800 (VCRM) 
  • SoftCap: 20 SOL 
  • Duration: 15th to 18th April (20:00 UTC) 
  • Listing On: Raydium AMM V4 
  • Liquidity Percent: 51% 
  • Liquidity Lockup Time: 365 days after pool ends

Socials:
Official website:- https://www.vircrum.com/
Twitter:- https://x.com/vircrum
Telegram:- https://t.me/vircrum

0G Launches Newton Testnet of Ultra-Scalable Modular AI Blockchain 5972

0G Labs is pleased to unveil the launch of the testnet for 0G, the modular ultra-high data throughput blockchain optimized for on-chain AI. The network is now available for node operators, developers and the community to join and provide feedback for an upcoming mainnet launch in Q3 2024.

0G, or ZeroGravity, is a modular blockchain that aims to alleviate the major pain points of using blockchain for AI, where data and execution requirements outweigh the current market offering by several orders of magnitude. The modular architecture enables 0G to offer a lean and performant network, unencumbered by legacy consensus algorithms, unrelated use cases sharing the same block space, as well as on-demand scaling.

Demand for on-chain AI is growing due to its promise of offering reliable and credibly neutral training and execution of neural networks. According to a report by KPMG, the vast majority of global corporate executives see AI as one of the fundamental technology breakthroughs that will impact their business in the near future. However, adoption risks abound — including potential intellectual property issues, personal data sharing, lack of regulatory frameworks and biases in generative AI models.

Via immutable and verifiable storage and execution environments, blockchains offer a promising solution to address the many challenges of AI. By making AI workflow decentralized, it democratizes the technology and makes it accessible to more people and organizations. By distributing data across multiple nodes rather than centralizing it in a single location, decentralized AI can help protect sensitive information from hacks and breaches. It also enables fair distribution of rewards to the contributors in the entire workflow, e.g., to data, model, and computation power providers, respectively. The distributed ledger and cryptographic technologies can further give more transparent ways to track the AI generated data to help people distinguish between the authentic original data and deepfakes. In addition, blockchains can help achieve a balanced approach to manual interventions in the models’ results, which sometimes can miss the mark.

Existing infrastructure solutions are still insufficient for massive on-chain AI adoption, which is why 0G is building the next-generation blockchain infrastructure for AI. With benchmarks of over 50 Gpbs data throughput, compared to existing rates of 1.5 Mbps on Ethereum-based scaling solutions, 0G offers an incredible improvement in its baseline form, while the modular architecture promises potentially infinite scalability down the line.

“The public launch of our testnet marks the first stage of bringing AI on-chain, which will combine two of the most exciting technologies that emerged in the past decade,” said Michael Heinrich, CEO of 0G Labs. “Our team has worked diligently over the past months to deliver our vision of the ultra-scalable modular blockchain, and we’re really excited to see the feedback from the community of users and developers.”

The 0G testnet launch comes shortly after 0G Labs closed its $35M pre-seed round, which was originally intended to collect $5M to bring an MVP of the idea to market. The round, led by Hack VC, saw participation from many influential investors primarily in the Web3 space, including Bankless, Polygon, Delphi Digital, TRGC, Dao5, Symbolic, BlockChain Builders Fund, Dispersion, Daedalus, Gumi Cryptos and many more venture funds and angel investors.

About 0G

0G, or ZeroGravity, is a leading Web3 infrastructure provider that is building the leading modular AI blockchain creating solutions to implement on-chain AI applications in the Web3 ecosystem. The platform achieves high data availability through its unique architecture separating data storage and data publishing. By ensuring throughputs of 50 GB/second, a full 50,000x faster than competitors, and a cost that is 100x lower, 0G has positioned itself as a leader in bringing high data use cases, such as scalable L2s and modular AI, into the Web3 ecosystem.

Tanuki Announces “Cheeky” Memecoin Launchpad on Solana and Live Token Presale 6069

Tanuki launched recently on Solana, aiming to “redefine the meme game and bring unprecedented joy to the community” through the Tanuki Launchpad supporting reliable memecoin projects. The platform’s native token, $TANUPAD, is now available for presale.

The project has a laidback approach to the crypto cosmos, promoting fairness and transparency for all while communicating in a humorous, “cheeky” tone. Its mission is to empower genuine meme projects and accelerate innovation in the blockchain space via the $TANUPAD token, available in a total supply of 2 billion tokens.

One of the platform’s standout features is the Tanuki Launchpad, supporting the most used blockchains, including Solana, Ethereum, BNB, Avalanche, Arbitrum, SEI, SUI, Cardano, and Metis. By fully embracing network diversity, the launchpad can support numerous projects during their first steps into the cryptosphere and showcase their potential to a broader audience.

The $TANUPAD token fuels the growing Tanuki ecosystem and provides holders with numerous benefits. For example, holding $TANUPAD gives governance influence and a say in the project’s evolution. Moreover, holders can access potential earning opportunities by staking and farming their tokens and exploring the many lucrative opportunities on the launchpad. The platform does not impose KYC for token holders participating in IDOs, allowing for greater investor diversity.

No less than 45% of the 2 billion $TANUPAD tokens are available for the presale, which is now live. The token is listed on major exchanges, including Gate.io, Raydium, MEXC Global, LBANK, and HTX.

Tanuki’s commitment to complete decentralization is visible in its smart contract code, which was stripped of all minting and freezing features. This means the owner relinquishes all control and guarantees a fair and transparent use for all participants.

Another feature that sets Tanuki apart from numerous memecoin projects is its setup system, which controls participation in launchpads and prevents possible dumps. Additionally, the platform protects project launches from potential rug pulls through advanced safety systems. These security measures distinguish Tanuki as a reliable launchpad for projects that are not counterfeit or deceptive.

About Tanuki

Tanuki launched in 2024 with the goal of becoming a beacon of transparency and trustworthiness among memecoin project launchpads. To this end, it commits to fostering an inclusive and collaborative ecosystem that enables projects to raise funds, connect with investors, and gain widespread adoption across multiple blockchain networks.

The project benefits from an expert team of professionals building its path toward global visibility and use. One of their objectives is to establish a robust and loyal community and engage with it via social media channels, such as X (Twitter) and Telegram.

Following the ongoing presale, Tanuki will seek to obtain more listings on decentralized and centralized exchanges, introduce the staking platform, and integrate SUI and SEI networks with its launchpad. Future plans include the launch of its proprietary DEX, Tanuki Launchpad Swap.

So far, Tanuki has successfully passed an audit with SolidProof, one of the industry’s top auditors.

Waterfall Network Launches New Desktop App for Windows and macOS 6058

Waterfall Network, the decentralized and scalable ledger, today announced the release of a new desktop app for Windows and macOS that now allows almost anyone to easily set up their own node on the blockchain. With one-click setup, users only need to download and open the app, their Metamask (or any EVM) wallet, and they will have a full node running in sync with Waterfall Network.

Once users are connected, they can activate the node to receive stake amounts and rewards, view network status and connected peers, manage block producers on the node by creating or removing them, check balances, use external SSD drives as a data storage device, and customize other node settings.

“Supporting the Waterfall Network is now simpler than ever,” said Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “This is not only an easy way for even novices to participate in the benefits of a blockchain, but this will also open up Waterfall node participation to a whole new class of user that will prove vital to building Waterfall before we publicly launch the mainnet.”

The Waterfall Network continues to streamline and expand its scale in anticipation of the launch of its mainnet. The Waterfall Network protocol has been optimized to achieve loads of 10,000+ transactions per second, with other optimizations and improvements, including faster synchronizations in parallel, improved search for new peers, automatically unlocked validators, improved reliability in optimistic consensus, randomness creation, new transaction gas estimates, and storage optimization. Waterfall is also continuing to develop and implement fast synchronization, simpler mnemonic phrase mechanisms, and reduced consumption of disk space.

The Waterfall Network protocol is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Its protocol incorporates an innovative “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with low processing power requirements that allow anyone to run a validator node from even low-cost laptops and mobile phones.

To download the new Waterfall Network desktop app or for more information, please visit https://waterfall.network/.

About Waterfall Network

Waterfall is a versatile layer one (L1) smart contract platform that solves the “blockchain trilemma” of security, scalability and decentralization while offering the first truly decentralized governance platform. Waterfall’s unique approach utilizing what is called a “Directed Acyclic Graph (DAG)” achieves this by allowing anyone to run a validator node from any device, including low-cost laptops and in the future mobile phones. Waterfall is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Waterfall utilizes a “one person one vote” system in which money can’t buy power. It is connected via two-way bridges to other popular protocols including Ethereum, BSC, and more to come.

Waterfall is the leading layer one (L1) architecture to combine scalability and decentralization, all while offering a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low cost laptops and in the future mobile phones. Waterfall utilizes Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.

CUDOS to tokenize assets on the Moon with 2024 Copernic Space Mission 6872

In a move that marries blockchain technology with lunar exploration, CUDOS is thrilled to announce its participation in the 2024 Moon Mission, spearheaded by Copernic Space. This marks a significant milestone for CUDOS and the future of the space economy and blockchain technology.

CUDOS has been at the forefront of leveraging blockchain for innovative uses for years. Now, it’s taking a giant leap – quite literally – by sending the Mainnet genesis file to the moon. This file, encapsulating the initial state and configuration of the CUDOS chain, symbolizes the boundless potential of blockchain technology beyond Earth.

A Monumental Leap for Blockchain

The Copernic Space 2024 Moon Mission and related lunar asset initiative, which features other leading players from various industries such as Axiom Space, Flash Motors, and SophiaVerse AI, signifies a bold step into the future of blockchain-based space commerce. CUDOS’s Mainnet genesis file will be part of the payload, destined for a volcanic feature on the moon known as Mons Latreille.

Tokenization Beyond Earth

CUDOS will send this code to the moon and transform this celestial endeavor into a unique digital asset, creating a one-of-a-kind NFT representing the Mainnet genesis file on the moon. This NFT will symbolize ownership and mark a pioneering moment in the tokenization of lunar assets. This lunar asset will be tokenized according to the industry standard Copernic Space has created over the past two years with various lunar companies. The forthcoming giveaway of this NFT offers a once-in-a-lifetime opportunity for participants to own a piece of blockchain history and one of the first verified lunar assets.

Mission Details

  • Launch Date: Set for Q3-Q4 2024.
  • Destination: The moon, targeting the volcanic area near Mons Latreille.
  • The Journey: Embarking aboard the SpaceX Falcon 9 Rocket with the CUDOS genesis file securely housed within the LifeShip capsule on the Firefly Ghost One lunar lander.
  • Tokenization: This mission transcends traditional asset tokenization, turning the CUDOS Mainnet genesis file into a tradable real-world space asset as an NFT.
  • The Medium: There will be a Copernic Space event with select partners at the SpaceX Rocket launch, a live stream watch party for the landing, and a Twitter space for the launch.

A New Era of Space Economy

This groundbreaking collaboration between CUDOS and Copernic Space heralds a new era of innovation at the intersection of blockchain technology and space exploration. The mission exemplifies blockchain’s boundless potential to drive space exploration and ownership innovation.

About CUDOS

CUDOS is a leader in blockchain and cloud computing solutions, dedicated to pioneering sustainable and decentralized technology. With a focus on innovation and community, CUDOS empowers technological progress, making strides in blockchain and cloud computing while championing sustainability.

For further information about CUDOS and the 2024 Moon Mission, visit https://www.cudos.org/mainnet/.

About Copernic Space

Copernic Space is a pioneering platform and marketplace, bridging the gap between the Earth and space by tokenizing celestial assets. Our innovative approach democratizes space commerce and investments, offering a transparent and efficient marketplace for individuals and organizations to access and trade space assets globally.