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How the Blockchain Stops Cheaters: Cryptocurrency and Provably Fair Gaming

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How The Blockchain Stops Cheaters - Cryptocurrency Allows Provably Fair Gaming

Online casinos and betting sites have proliferated since the first of their kind came on the scene in 1994. Thanks to the convenience of playing from home, the allure of winning real money, and a degree of privacy, these popular sites continue to evolve. There have been major problems, though, regarding perceived fairness and randomness of play. Blockchain technology offers a solution in provably fair gaming, taking trust out of the picture almost entirely.

Also read: Why You Can’t Bet With Bitcoin at Online Casinos in the US  Read more...

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LocalBitcoins Stops Cash Trades, Personal Offers on Platform

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Multiple users have reported that crypto trading platform LocalBitcoins has stopped allowing customers to make in-person trades of crypto assets for cash in an anonymous fashion.

Reddit user u/GrayLifes first posted about this development on June 1, 2019, claiming that cash ads were removed from the platform without warning. A wide range of other users concurred, stating that all “local ads are hidden or deleted for the entire site,” without any option to search for possible traders nearby. “All my local trade ads are missing,” user u/scottemick claimed. “How can it even be called local bitcoins anymore?”  Read more...

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Bitfinex Stops USD Deposits To Their Exchange

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The popular digital currency exchange, Bitfinex has reportedly stopped its USD deposits to their exchange. This news comes after last weeks, several rumours that the exchange was broke which made management forced to step up and deny the rumours that they were not bankrupt.

The company has gone under inspection for the widespread use of the USD Tether stablecoin. However, there haven’t been any transparent audits which actually prove the stablecoin is backed by the US dollar. This is a serious situation for the market, with over $ 2.5 billion in the form of USDT.  Read more...

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Bitdepositary Creates an Innovative New Funding Community for ICOs that Stops Scams

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

The post Bitdepositary Creates an Innovative New Funding Community for ICOs that Stops Scams appeared first on CCN

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Japanese Bitcoin Mining Firm GMO Stops Mining Bitcoin Cash

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GMO Internet, a leading Japanese bitcoin mining firm, has informed investors that it has stopped mining bitcoin cash, documents purportedly distributed by the company show. Those documents, made public by “The Bitcoin Knowledge Podcast” host Trace Mayer, indicate that the Tokyo-based GMO mined 0 BCH in July, down from a high of 287 in February.

The post Japanese Bitcoin Mining Firm GMO Stops Mining Bitcoin Cash appeared first on CCN

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Tether Shows Law Firm Its Funds But Stops Short of an Audit

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Tether Shows Law Firm Its Funds But Stops Short of an Audit

Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $ 2.6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning  Tether’s inability to settle the solvency debate once and for all.

Also read: Major Korean Crypto Exchange: $ 31 Million Vanishes  Read more...

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