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Roundup: Cloudbet, DD4BC & Gaming Authorities

Roundup: Cloudbet, DD4BC & Gaming Authorities

Chris in Bitcoin & Cryptocurrency published on 16, January 2016

Cloudbet Packs Better Games With Huge Wins In 2016

Cloudbet intensifies its online casino this year with better Cloudbet games and larger wins. It is known for Bitcoin sports betting services, but it also eyes to become popular among casino players. Cloudbet hopes to achieve this through its game library that has more than 200 games to date. At the forefront are the exciting Bitcoin slots and live dealer casino games.

“The featured games, paired with the new titles added to the library of games, make winning higher payouts closer to reality as all registered players are granted with endless opportunities to collect Bitcoin wins for every wager and deposit they make.”

DD4BC Arrest To Signal Fewer DDoS Attacks

Operation Pleiades proved to be successful after the arrest and detainment of key members of the cyber-extortionist group known as DD4BC. This cybercriminal has victimized several online businesses since its first successful attack in 2014. Nitrogen Sports, BetMoose, and Bitalo are some of the known victims from the Bitcoin ecosystem. The arrest of the DD4BC members, however, may not completely end the string of DDoS attacks and Bitcoin extortion.

“The need for an effective countermeasure for the DDoS attacks is also imperative, especially after reports of another organization called The Armada Collective following the footsteps of DD4BC.”

Gaming Authorities And Bitcoin: What Happens Next?

Bitcoin may finally be recognized this year as a payment service by the gaming authorities. This development is welcomed by gaming operators since it will effectively promote Bitcoin gambling to a larger market. More players will be exposed to top Bitcoin casino and gambling websites and it will further boost the market for multi-currency casinos like LimoPlay and 7BitCasino. However, the limit of adoption is a concern for the Bitcoin gaming community.

“While some online real-money casinos already accept Bitcoin, they stop at receiving Bitcoin deposits. These funds are converted to fiat money, which is also what players receive upon withdrawal. In essence, the digital currency is not fully accepted, limiting the Bitcoin features and services online bettors can experience.”

Bitcoin Soon To Be Key Payment In Online Casinos

Payments in online gaming are dominated by credit cards, but these are covered with large fees as compared to Bitcoin. With the looming possibility of a monopoly of credit card services between MasterCard and Visa, the iGaming industry may face troubles as operators and players may be charged with higher fees. This, however, would be perfect for Bitcoin to become the saving grace for online gambling.

“The acceptance or adoption of cryptocurrency payments will therefore significantly reduce the operational damage the ongoing dilemma among credit card companies will bring upon online casinos in the long run.”

Exploring Causes And Effects of High Bitcoin Price

The causes and effects of high Bitcoin price put the digital currency in a good position. The healthy value lately should thank the weak Chinese yuan. As the Chinese government allowed its currency to lose market value, which greatly affected the global markets, Bitcoin gained momentum up the charts. This resulted in a positive outlook for Bitcoin industries, and one of them is Bitcoin mining. Mining bitcoins, which lost its luster when the price declined, is slowly regaining its enthusiasm.

“Since the value of Bitcoin maintains its positive price tag for more than two weeks already, this may ultimately serve as a green light for Bitcoin miners to start operating once more and bring the Bitcoin mining department to take center stage.”

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