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How Online Casinos Can Offer Players More Thrill by Adopting Bitcoins

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Bitcoin casinos are now coming up, and they are associated with many gains. They offer a variety of live dealer games, which include blackjack, baccarat, and roulette.

Bitcoin is a valuable currency that allows people to shop and place bets securely. With many online casinos coming up, some are now seeking ways to intensify the player experience. And most gambling sites have adopted the use of Bitcoins, which comes with many benefits. It takes the gaming experience a notch higher.

Here’s how the use of Bitcoins can transform an online casino.

 Lower Gaming Costs

Bitcoin casinos are the best thing that can happen to online casinos. Such gaming sites are associated with minimal or lower costs. They are also not governed by payment services or institutions, making them cheaper. With a Bitcoin online casino, you’ll pay low deposit and withdrawal costs. You’ll also be unlikely to bear the many taxes and duties associated with a conventional casino.

Enhanced Convenience

Gamblers can access Bitcoins from any part of the world, and the use of biotins will safeguard players from unscrupulous sites. With a Bitcoin casino, you’ll play poker, roulette, baccarat, and many other games. What’s more? You’ll also enjoy your favorite slots at any slot machine and receive your winnings with ease.

It will also be easier to make deposits, which is convenient for all players. Bitcoins will also make it possible for gamblers from countries that prohibit gambling from accessing their favorite online casino.

Safety

In land-based casinos, you should provide your personal information, which can be risky. However, with Bitcoin casinos, you can be sure of your safety and security. You can deposit funds to a specific address and no need to fill out forms with your details while signing up.

 Lucrative Bonuses & Promotions

Online casinos offer a wide variety of bonuses. You can savor free games at the site as you learn the game rules. But this isn’t enough. With the use of Bitcoins, the casino will offer much more.

Leading Bitcoin casinos award promotions to entice players who don’t believe in Bitcoins. Most Bitcoin casinos offer 1 BTC rewards up to 5 BTC, and you can use this to play more.

 Game Variety

With a bitcoin casino, you enjoy access to a wide range of games, just like you would do in a land-based casino. Bitcoin cites also offer high payouts and table games like roulette and blackjack. With netbet Bitcoin casino, you’ll enjoy a high player return percentage compared to traditional gaming platforms.

 Bitcoin Sites Offer a Higher Value

Many people are now using Bitcoin for their daily transactions. Its demand has also increased exponentially and has resulted in a rise in its value. When using Bitcoin in an online casino, you enjoy the added value that comes with the currency. You can also withdraw it using fiat currency or keep playing as you wait for the Bitcoin value to rise higher.

 Bottom Line

Bitcoin casinos are now coming up, and they are associated with many gains. They offer a variety of live dealer games, which include blackjack, baccarat, and roulette. All these are very thrilling and can enhance player experience significantly.

Bitcoin News, Cryptocurrency news, News

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DeFi

Ethereum 2.0 Possible Launch Date, Progress Made

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Ethereum has made considerable progress particularly with the success of the Zinkel Testnet launched last week.

As the anticipation for the launch of the Ethereum 2.0 Phase 0 mounts, one of the project’s developer Ben Edginton has given more inclination as to the project’s progress as well as the potential time of launch date. Per the update Edginton gave, the anticipated migration of the ethereum network from its current Proof-of-Work mechanism to the scalable Proof-of-Stake mechanism will be anywhere from 6-8 weeks from now.

He noted that the continuous use of the network’s Prysm Client is placing enormous pressure on the network and calls on users to utilize other clients. The developer also gave an extensive update with respect to the changes made to Ethereum 2.0 following the release of version v1.0.0 of candidate 0. The Ethereum 2.0 developer noted amongst other things that the network’s Genesis Delay will now be one week which implies that the state of the genesis will be known at least a week before the chain starts.

Other updates include the quadrupling of the inactivity quotient which means that the penalty during non-finalization has been reduced to give users more than the needed confidence should the network run into trouble due to an unenvisaged occurrence.

In addition, the minimum slashing penalty has been slashed to 0.25 ETH, a measure Edginton noted is temporary and the amount of slashing percentage one will suffer should others be slashed has been reduced to one third, another temporary measure Edginton highlighted. The last update revealed is the data voting period for Eth 1 which has been doubled and will last 6-8 hours after depositing and participating in the beacon chain.

Ethereum 2.0 Launch Date as Gleaned from the Developer

Ben Edginton the Ethereum 2.0 developer noted that the occasional rollout of testnets has gotten people bored and re-emphasizes the need for a prompt launch of the Ethereum 2.0 network.

According to him, there remain just two more configurations necessary to be perfected and one important one involves the deposit contract which he’s awaiting news of in the coming days. Nonetheless, he noted that the deposit contract will be perfected and ready in about two months’ time and would be succeeded immediately by the Beacon Chain. He stated:

“Basically, as I understand it, we are good to go: deposit contract in the next few days; beacon chain genesis 6-8 weeks later. (This is not an official statement!). Meanwhile, be careful out there. Many fake deposit contracts and Launchpad front-ends will erupt in the coming days. Look out for the official announcements: do not send Eth to random contracts; this is not DeFi.”

The project has made considerable progress particularly with the success of the Zinkel Testnet launched last week. With more progress anticipated, the crypto sphere awaits the launch of ETH2 as it represents the solution to the scalability issues as well as the high gas fees currently being faced.

Altcoin News, Blockchain News, Cryptocurrency news, Ethereum News, News

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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DeFi

Typical 4 Channels Through Which Ransomware Is Distributed

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Tim Ismilyaev, CEO & Founder of Mana Security speaks on how hackers work and what minimum protective measures everyone should implement on their personal computers.

The G7 countries have banded together against ransomware hacking attacks on schools, hospitals and companies. During the pandemic, this number of attacks only intensified. Representatives from seven countries: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States have said they will be sharing information related to such threats, including financial information, cyber tactics and procedures, to guide and coordinate actions. Of particular concern to G7 representatives is the fact that criminals often demand ransom payments with virtual assets.

History

Criminals in 2012 gradually started to switch focus from stealing money to demanding a ransom for “kidnapped” data. Financial institutions have been actively combating cyberattacks for a long time. These efforts have several vital results:

  • An increased maturity of financial institutions’ defense systems.
  • Popularity of insurance.
  • Increased competition among hacker groups. It significantly increased the cost of attacks and motivated crooks to look for other victims.

On the other hand, ransomware is a highly marginal business–attackers make at least 9-digit sums annually from victims’ payouts with at least 1000% ROI. Those figures skyrocketed in the last five years and are still growing with insane momentum without a chance to stop in upcoming years.

Like any other business, ransomware creators’ profits equals revenue minus costs. The costs of building and shipping of ransomware are meager. The source code of popular ransomware is either publicly available or costs very little on dark markets. Distribution is very cheap as well. And due to most people having files which they don’t want to lose or expose – tons of photos, corporate files, cryptocurrency wallets, etc., – they ought to pay the ransom.

Infection Taxonomy

Typical ransomware software spreads via four channels:

  1. Unpatched security vulnerabilities in victims’ software. These regularly are most dangerous because some vulnerabilities even don’t require any interaction from victims. For example, an exploit called Eternalblue, developed by NSA and leaked later by an anonymous group, just needed a victim to be connected to the same Wi-Fi network. It was enough to capture control over any Windows machine if it didn’t receive the last software update from Microsoft.
  2. Emails with malicious attachments. Usually, it’s an unexpected letter that mimics some legitimate service or person: a new tool from a tax agency to calculate taxes, a password recovery procedure from Google, or a job description in Microsoft Word document from an HR manager. After you open the attachment, the rest is a matter of time.
  3. Cracked software. There are no good guys who crack software for free, so almost all cracked software has backdoors, which authors later resell on the dark market.
  4. “Man in the middle” attack. Some websites don’t provide SSL encryption, so attackers can add arbitrary software on these websites and stay unnoticed. For example, Bad Rabbit ransomware embedded a fake Adobe Flash player and gained full control of a computer after installing.

Why People Can’t Tackle This Issue And How To Fix It

I outline two factors that affect this issue: lack of basic cybersec knowledge and lack of motivation to apply these rules “in the wild.” The former includes simple rules:

  • Update apps and operating system within the first seven days after a release.
  • Don’t use cracked software and install apps only from a native app store.
  • Train yourself to spot phishing emails. There are many articles and quizzes on the internet on how to accomplish it.
  • Use binary whitelisting software like Google Santa on macOS and AppLocker on Windows. Even if you accidentally try to run ransomware on your computer, the binary whitelisting app will prevent it from happening and would ask you to add this app to exceptions.

The challenge is to use these rules all the time. People don’t get hacked every day, so they start to think, “OK, I can ignore these rules for a while; I have a job to do right now!” and stay exposed to hackers for days or months. The trick is that we don’t know when we’ll face an attack, so it’s crucial to follow the rules strictly.

Blockchain News, Business News, Guest Posts, Market News, News

Author: Tim Ismilyaev

CEO & Founder of the cybersecurity company Mana Security.



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DeFi

Coinbase Custody Reveals Coins Up For Potential Support

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Coinbase Custody, a subsidiary of the Coinbase cryptocurrency exchange has announced a set of coins and digital assets it is set to provide custody support for provided regulatory approved in defined jurisdictions permit.

As revealed by the company, the announcement for the coins is in its bid to expand on its custody coin listings, a move to solidify its position as the leader in the industry.

The journey through the events and activities in the cryptosphere most times is best experienced with an individual or a veteran with trusted experiences and safety that can guarantee one would not get burned by the volatilities and the scam ridden nature of the space. The risk of owning cryptocurrency assets may even be described as outrightly more profound than keeping custody of it. One may get shut out of any wallet holding one’s assets if the passwords are forgotten while keeping custody of the same in an unsafe custody service provider may result in a hack.

The need to give crypto-asset holders a certain level of guarantee is why Coinbase Custody was established and with numerous digital assets proliferating by the day, Coinbase Custody has stepped up to the corresponding demand to support more assets. Per the update published by the team, the site has drafted two new tokens including FTX Token (FTT) and Serum (SRM) and aims to enlist more in the coming months.

Of the digital assets, the firm is considering to add custody for includes but not limited to Wrapped Bitcoin (WBTC), Aave (AAVE), Paxos Standard (PAX), and Ontology (ONT). Taking note of the discrepancy in regulatory laws among countries where each of these tokens have found increased adoption and integration, Coinbase Custody noted that it will be supporting each of these coins on a case by case basis as relating to each nation’s crypto laws.

Based on this fact, no assurance can be given for when any of the coins will be available in any jurisdiction.

Coinbase Custody Service Combines Diversity and Value Offering

Launched in 2018, Coinbase Custody has grown to offer custody services amongst a diverse range of coins now totaling more than 90 percent of cryptocurrencies by market capitalization while constantly fighting to add more.

The debut of the Coinbase Custody service though primarily launched to aid institutional investors to manage their digital asset portfolio, the service is generally available to clients with a large number of crypto holdings. The service promotes or drives crypto adoption by continually adding new coins for its more than 300 institutional investors. With security and insurance part of the catch, Coinbase Custody offers other value-added services including network participation and delegated proof of stake to offer clients access to benefits well beyond offline storage. This way, customers can take profits no matter how little while sure of the safety of their funds.

One apparent disclaimer while attempting to use the service is that there is no guarantee that any digital asset supported for custody will be listed on the exchange’s trading platform.

Altcoin News, Blockchain News, Business News, Cryptocurrency news, News

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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