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Roundup: Bitcoin.com, Craig Wright & Isle of Man

Roundup: Bitcoin.com, Craig Wright & Isle of Man

Chris in Bitcoin & Cryptocurrency published on 7, May 2016

Bitcoin.com & SoftSwiss Launch New Online Casino

Bitcoin.com, the premier Bitcoin information site, has decided to enter the Bitcoin gambling world. With sterling reputation, Bitcoin.com and SoftSwiss unveiled Casino.bitcoin.com, an online casino that caters to both fiat and Bitcoin players.

“SoftSwiss proves to be the best choice as it currently has more than 1,000 games from Amatic, Betsoft, Endorphina, Ezugi, NetEnt, and Quickfire. Add to these the high-quality, provably fair games developed in house by SoftSwiss, as well as the other software features SoftSwiss has been known to excel at.”

Should ‘Craig Wright, Satoshi’ Be Believed At All?

The Bitcoin world was shocked when Craig Wright declared himself as Satoshi Nakamoto. Revealing himself last Monday, with evidence shown to some individuals, Wright has rocked the Bitcoin community. However, many doubt his reasons, even calling Wright a hoax.

“Going back to Andresen and Matonis’ support for Wright, it cannot be helped questioning if the Bitcoin Foundation is part of the equation. It can be recalled that the said foundation has been marred with controversies, with the Bitcoin Foundation fiasco like the bankruptcy issue. Therefore, is Bitcoin Foundation trying to salvage its name through Wright?”

Isle of Man Goes for Bitcoin-friendly Gaming Licenses

The Isle of Man has always been Bitcoin-friendly. They are now extending this friendliness to the online gambling licenses. The Gambling Supervision Commission is reviewing some changes so that cryptocurrencies will be part of their gaming licenses. An approval of this ensures promotion of Bitcoin gambling in Isle of Man.

“That is why the Isle of Man’s Gambling Supervision Commission recently released a few proposed changes to its licensing scheme. Released last April 20, this detailed over six changes to the current Isle of Man license. One of these was the acceptance of CVCs or convertible virtual currencies.”

Bettors Benefit From Coinbase’ Debit Card Feature

Coinbase has allowed for debit card purchases with its recent change. This gives online gamblers easier access to bitcoins and opens up a whole new market for Coinbase. Using debit cards with Coinbase to buy bitcoins is finally open to all Coinbase users in the US.

“Purchases made with a debit card are not subject to any external authentication—a feature that is exclusive to the US market. However, it comes with a 3.75-percent fee, which is almost three times larger than the fee charged through bank transfers.”

Year 2016 Looks Bright For Bitcoin ATMs

The future of Bitcoin ATMs is looking good right now. They have been recently expanding to just around 650 terminals worldwide, while the remittance market shows its possibilities for expansion.

“The remittance market is a big one. According to the World Bank, over $601 billion is transferred via remittance networks like Western Union. These companies often take a fee for the transfer. The trouble is that there are often minimum and maximum amounts, while fees can take a significant chunk of the money. With Bitcoin ATMs, the transfer fees are very low and there are no limits.”

 

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