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Roundup: Casino Extreme, BTC Ransom & Tyson ATM

Chris in Bitcoin & Cryptocurrency published on 29, August 2015

Embrace Bitcoin Gambling

Industry Veteran Casino Extreme Embraces Bitcoin

Casino Extreme expanded its market with its acceptance of Bitcoin on its platform. Joining the list of supported payment methods, the digital currency now enables players to experience the convenience of depositing BTC and the speed of withdrawing payouts. While the addition of Bitcoin made the casino a more attractive venue in the iGaming sector, its array of features and services are reasons enough to maintain high player retention. Its 24/7 customer support and even the 20-percent cashback offer seal the deal for many online gambling enthusiasts. Powered by Realtime Gaming (RTG), this Bitcoin casino is all set to fully embrace Bitcoin gambling and extend its brand across the world.

“Established in 2000, Casino Extreme is one of the most sophisticated fiat-only online casinos that greatly contributed to the success of the iGaming industry. Compared to other platforms of its kind, it is among the ground-breaking brands to launch a platform powered by Realtime Gaming—one of the prominent software providers for real-currency casinos. It enabled this online gambling venue to deliver exclusive online gambling games and services to its patrons.”

Extortion Threats Put Bitcoin in Bad Light Again

It can be seen as an effort to stop the culture of polygamy among married couples, but the recent hacking of the Ashley Madison database—a website for single and committed individuals to have an affair in a discrete environment—turned out to be an opportunity for some to blackmail those involved with the site’s dealings. Worse, the hackers demanded for a Bitcoin ransom worth 1.0000001 BTC. This further presented the digital currency negatively. Not a stranger in the Bitcoin gambling industry—the Nitrogen Sports extortion fiasco, hacking incidents in exchange for Bitcoin may pose a threat in the long run if not prevented.

“There is going to be a dramatic crime wave of these types of virtual shakedowns, and they’ll evolve into spear-phishing campaigns that leverage crypto malware. The same criminals who enjoy deploying ransomware would love to use this data.”

Tyson’s ATM Leads BTC Bets in Las Vegas Casinos

News of Mike Tyson having his self-titled Bitcoin ATM were simply not a promotional stint since it was officially installed recently at the LINQ Hotel & Casino’s promenade. Donning a design that reflects Tyson’s identity, the new Bitcoin machine promises to convert cash to Bitcoin in less than 20 seconds—a feature that is based on his career’s fastest knockout .

“Users can now have a glimpse of this Iron Mike-inspired ATM, where the machine is covered in black and displays accents of white. It also has Tyson’s iconic face tattoo to give more emphasis to the ATM’s ferocity in Bitcoin deliverance.”

Bitcoin Shines Amid Wall Street Panic

The global markets struggles to stay in the green as another economic meltdown hit the stock market. The downfall was felt in the US, Europe, and China as many speculate a market correction is bound to happen. With the falling prices, several view the idea of indulging in Bitcoin to spare the value of the troubled currencies as a wise move. Online influencer and personality Kim Dotcom even encouraged his Twitter followers to secure Bitcoin in order to prevent massive losses resulting from the market crash.

“Is the China bubble ready to pop? A significant global stock market correction is imminent? Get some #Bitcoin. Just in case. Thank me later.”

The Better Picture Behind Bitcoin Price Volatility

Many view the volatile behavior of Bitcoin price as a major letdown for the cryptocurrency. Unstable and risky are the usual words used to describe Bitcoin. However, many fail to see that these constant price fluctuations are in preparation for the digital currency to find its true value. The highs and lows of Bitcoin price also reflects the journey the Bitcoin gambling industry takes in search for its rightful spot in the iGaming sector, and possibly even in the overall gambling sphere.

“Moreover, fiat-powered online casinos are gradually embracing Bitcoin technology to further amplify the current services they offer. This also serves as a sign of great progress for cryptocurrency since fiat and Bitcoin are in a fierce competition in the past.”