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Roundup: E-Coin Card, 10XBTC & BitCrystals

Chris in Bitcoin & Cryptocurrency published on 8, August 2015

Bitcoin Lottery Site 10XBTC

New E-Coin Currency Cards Broaden Bitcoin Usage

E-coin released a new version of its Bitcoin debit card, which now supports more fiat currencies other than USD. With the new E-coin currency cards, users can finally skip the conversion fees when making Bitcoin payments since both EUR and GBP are now recognized by the debit card. Although not directly benefitting the Bitcoin gambling sector, the release of such Bitcoin cards help promote Bitcoin use, which positively impacts the niche market.

“While some may say that using a Bitcoin debit card lacks any significant value in the Bitcoin gambling industry, these E-coin currency cards can be the tool that will introduce non-bitcoiners who are also online gambling enthusiasts to the lucrative and revolutionary world of cryptocurrency betting. The big names in the iGaming industry are not expected to fully adopt the Bitcoin payment system, but products like the E-Card may also provide a leeway for Bitcoin users to dip their toes into the established sector of online real-money gambling.”

Americas Cardroom to Reward $5M in GTD Events

After its successful third Million Dollar Sundays event last week, Americas Cardroom announced a series of $1M GTD tournaments to take place in September and October. A total of $5 million will be up for grabs starting on Sept. 13 and for  every Sunday the month after. With its support for Bitcoin, this online poker room is set to unveil massive wins in the Bitcoin poker history.

“Apart from its lucrative GTD tournaments, Americas Cardroom and Winning Poker Network actively promote the use of Bitcoin in online gaming. Accepting the digital currency both for deposits and withdrawals, this online poker room opened another door for the US players who prefer to experience improved, convenient, and secure payment transactions over the traditional payment methods.”

10XBTC Pushes Through Without Provable Fairness

Bitcoin lottery site 10XBTC gives a whole new meaning to quick and rewarding online lottery games. Although simple, this lottery platform uses True Random Number publicly provided by the Ecuadorian Civilian Space Agency, which is pegged to be better than provable fairness. With new draws in every five minutes, 10XBTC truly redefines lottery betting, which normally takes hours, days, and even weeks before the winners are announced.

“The new Bitcoin lottery has taken provable fairness out of the picture, which they claim to be showing weaknesses. With its complexity, it may have been perceived too difficult for people to operate. This is a very surprising move, as the technology is exclusive that goes with Bitcoin gambling which aids equitable gaming. Instead of taking advantage of it, 10XBTC will be using True Random Number (TRN).”

BitCrystals Token Sale Launches With ShapeShift

Players eagerly waiting for the BitCrystals Token Sale can finally get their share starting Aug. 4. The token sale pushed through with the help of ShapeShift.io, after previous plans of hosting the sale on Swarm and Koinify failed to take off. For the first five days of the 30-day period, 1 BTC will yield 15,000 BitCrystals. Each week after will deduct 1,000 BitCrystals for the same amount in preparation for the highly anticipated game of Spells of Genesis.

“After this period, BitCrystals will be available on the ShapeShift platform, where players can instantly exchange it online for their Bitcoin and any of the 40 supported altcoins. According to EverdreamSoft, 100 million BitCrystals will be produced over time, of which 70 percent are allotted for the token sale. More than nine million BitCrystals have already been sold as of writing.”

High Hopes As Deutsche Bank Supports Blockchain

Deutsche Bank became the latest financial institution that showed interest and support to the blockchain technology. Global Head of Regulatory Policy Daniel Trinder signed the letter sent to the European Securities and Markets Authority’s issuance of Call for Evidence. The German bank also encouraged regulators to create proactive salutations in order to enable more industry players to explore the innovations in blockchain technology.

“How the Bitcoin and cryptocurrency landscape will take form depends on the next developments to be taken by institutions like Deutsche Bank and the authorities. This will also have an effect on the fate of the thriving industries today like the Bitcoin gambling sector.”

 

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