Cryptocurrency – Page 8

Kikitrade Raises $12M for Asia Pacific Expansion, Brings in Strategic Investment from Hedge Fund Billionaire Alan Howard

June 10, 2021 Published by TheBlockchainExaminer.com

Cryptocurrency investment platform Kikitrade today announced that it has received US$4 million in strategic funding from British hedge fund billionaire Alan Howard, underlining strong investor appetite in Asia’s upsurging digital asset market.

Alan Howard’s backing came shortly after Kikitrade closed its US$8 million pre-series A funding round in April, joined by a group of eminent international investors including Sequoia-affiliated Dragonfly Capital, blockchain gaming unicorn Animoca Brands and Ethereum co-founder Joseph Lubin. The extended round brought Kikitrade’s total capital raised to US$12 million.

Debuted in Q4 2020, Kikitrade has recorded a robust growth in 2021, with its total number of registered users doubling in the last two months. More than two-thirds of its users are millennials or Generation Z.

The fresh capital will be invested in continuous product innovation, compliance, and user acquisition across Asia – with an emphasis on Southeast Asia, Australia, Taiwan, and Hong Kong – where cryptocurrencies’ penetration rates are significantly lower than that in the United States.

Allen Ng, co-founder of Kikitrade, said, “The strategic backing from Mr. Alan Howard, a legendary investor that my team and I look up to, gives us a great deal of confidence to continuously innovate and drive the mass adoption of digital assets.”

“Kikitrade has built an extremely user-friendly platform to enable adoption of digital assets among millennials and Gen Z users and we are very excited to partner with the team as they scale the platform in APAC,” said Alan Howard.

Ninjas in Pyjamas and Mercuryo Partner up to Put a Spotlight on Cryptocurrency

June 2, 2021 Published by EuropeanGaming.eu

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Legendary Swedish esports organization Ninjas in Pyjamas (NIP) and cryptocurrency infrastructure company Mercuryo have joined forces for BLAST Premier Spring Finals to onboard the esports community to the future of finance. Mercuryo is well-recognized in the financial industry as a rapidly growing cryptocurrency infrastructure company that provides global access to fast, secure, and affordable money transfers. Working together with industry leaders, Mercuryo designed a range of payment solutions to accelerate growth and boost businesses worldwide.

“This partnership with Ninjas in Pyjamas is crucial for us as a company and the entire fintech industry. Esports and fintech have a lot in common; passion, problem-solving, and the ability to think several steps ahead. In gaming, this set of skills can secure victory. In the financial industry, they help drive innovation,” said Petr Kozyakov, CEO at Mercuryo.

The partnership over BLAST Premier Spring Finals features, among other things, a video content series of three episodes, focusing on how Mercuryo can boost your performance and the similarities between gaming and the crypto sphere. Ryan Tinslay, Senior Manager Strategic Partnerships at Ninjas in Pyjamas, concludes:

“We’re so excited to start working with Mercuryo during our BLAST Premier Spring Finals campaign. It’s no secret that cryptocurrencies have continued to rise as both a payment and investment model, with increased availability to use crypto across more and more vendors globally. It’s still an area that can seem daunting for many to get into and really understand. That’s why we’re partnering with Mercuryo – to offer our fans the opportunity for a more secure, low-cost and easier way to transfer any of their fiat currency into crypto.”

The Impact of Cryptocurrency Adoption on Government

May 19, 2021 Published by TheBlockchainExaminer.com

Cryptocurrency use is growing exponentially, and governments may want to consider the benefits. Why are blockchain and cryptocurrency so popular right now? Why have business whales and finance execs invested large cash reserves into cryptocurrency? They hope to benefit from this colossal opportunity. Visual Capitalist, in an April 2021 article, remarks that Bitcoin, compared to other tech companies, is the fastest asset to reach a $1 Trillion market cap.

In March of 2020, Bitcoin’s price was coming in at around $3K. As of May 11, 2021, Bitcoin was $56,551.44. Per coin. And Bitcoin is only one of over 4,000 cryptocurrencies according to Investopedia in a January 2021 article. This growing trend presents a new challenge for governments.

Cryptocurrency sits on top of a technology called blockchain. Blockchain is a database network that supports the transfer of value in a digital format. It is an independent system not owned by any institution, individual, bank, or entity, (read, government). As more cash moves into this crypto arena, governments will lose visibility and control of their national currency. How will that affect them?

The Government Blockchain Association, (GBA)?s Tax Working Group has written a Whitepaper entitled, ‘The Impact of Cryptocurrency Adoption on Government’. This 138-page document is the result of a full year’s worth of research and analysis, done by a team of authors with expertise in tax risk analysis, data, research analytics, cryptocurrency, digital assets, business, and blockchain. This report was not financed by any major corporation or interest group. The authors were all volunteers and were not influenced by a sponsor?s desired outcome. This paper was written to find an answer to a question.

How will this monumental transfer of fiat money into cryptocurrency affect governments and their citizens? Be assured, it will affect them, and the governments that understand this change can better prepare for what is coming.

The Impact of Cryptocurrency Adoption on Government whitepaper is available for download purchase.

Global Gaming Marketplace Kinguin Partners With Immutable X

May 16, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Offering 10 Million Gaming And esports Customers Access To The Most Advanced Platform For NFTs

Immutable X, the first layer-2 scaling solution for NFTs built on Ethereum, forms a partnership with Kinguin, a leading global video games marketplace, with over 10 million registered users. Both companies share a vision to create a new lightning-fast, low-cost, and eco-friendly NFT marketplace for gamers.

NFTs are essentially an evolution of digital ownership, a concept already familiar to gamers. Early NFT projects largely consisted of static images and art, while innovations in the space have led to the proliferation of dynamic digital collectibles, including trading cards, digital art, and other in-game items.

Unlike digital items of the past, the minting of digital collectibles in the form of NFTs enables verifiable ownership, uniqueness, and scarcity. NFT game items cannot be taken away from you by game developers, and can be sold for real money. The top NFT-centric projects, including popular games like Gods Unchained, Axie Infinity, and Aavegotchi, have experienced explosive growth, producing over $750 million in secondary sales volume in Q1 of 2021.

The Kinguin team is aiming for technical excellence in the build-up to their NFT offering that will include NFT Gaming Cards and more blockchain products in parallel to their existing digital marketplace, focused on games and software. Working closely with partners, game developers, influencers and gamers, Kinguin will welcome customers to the world of NFTs in a way that feels familiar and is easy to use from day one. Kinguin’s influence in the esports world spans from sponsoring major Counter Strike leagues, and they are well known for their Kinguin Esports Performance Center and Kinguin Esports Lounge in Europe.

“We are excited to partner up with Immutable X to bring innovative NFT offerings to gamers and eSports enthusiasts worldwide. We see the ultimate value in creating new rich experiences and functionality to these global communities”, said Viktor Romaniuk Wanli, Founder and CEO at Kinguin.

Immutable X was created by Immutable, the team behind one of Ethereum’s highest-grossing trading card games, Gods Unchained. It is the first layer-2 solution for NFTs on Ethereum, solving for all three issues related to NFT scaling: accessibility, scalability without compromising user custody and true decentralization.

Immutable X launched in Alpha this March and aims to unlock digital economies at scale by enabling NFTs to be traded, earned, shared, gamed and collected completely gas-free and securely with the power of ZK-rollup technology by StarkWare.

“Kinguin comes in with massive marketplace building knowledge, structures and experience, and we’re very excited about the unique trading experiences that they’ll be able to create and scale on Immutable X”, said Robbie Ferguson, co-founder of Immutable.

After observing and analyzing the NFTs industry for the last couple of years, Kinguin decided to introduce new structures, allowing the brand to enter the NFT market. Their goal is to leverage the existing ecosystem and enable their clients and partners to create unique NFT collections and trade them on the most advanced platform on the market.

“It is a natural next step for Kinguin, as our digital marketplace will expand its offering, according to the needs of our customers and incentivize them with new bounties and special deals built using NFT tokens”, added Viktor Romaniuk Wanli, Founder and CEO at Kinguin.

Alanyaspor to Launch Fan Token on Socios.com

May 10, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Turkish Süper Lig side Alanyaspor, in partnership with blockchain providers for the sports and entertainment industry Chiliz, have announced plans to launch $ALA Fan Token on fan engagement and rewards platform Socios.com in the coming months.

Alanyaspor finished fifth in last season’s Süper Lig and were also runners-up in the Turkish Cup. The club is currently in the fifth position in this season’s table. $ALA Fan Tokens are collectible digital assets, minted on the Chiliz blockchain, that provide owners with access to voting rights in polls, VIP rewards, exclusive club and sponsor promotions, AR-enabled features, chat forums, games and competitions on Chiliz’ fan engagement and rewards mobile app Socios.com.

The Alanya-based side will become the fifth Turkish club to launch a Fan Token, joining Galatasaray, Trabzonspor, İstanbul Başakşehir and Göztepe on the Socios.com roster. The announcement takes the total number of partners in the Socios.com network up to 28.

Hasan Çavuşoğlu, President of Alanyaspor, said: “We are pleased with this agreement that will bring our club, which we want to move forward day by day, into the digital world with the active participation of our fans.

“With the $ALA Fan Token, our fans will have a significant impact on club decisions and benefit from the multiple interaction and reward opportunities available on Socios.com.

“We are extremely excited for our Fan Token launch and are looking forward to great interest from our fans. We are proud to have Aytemiz Alanyaspor join the Socios.com family, which includes the world’s leading clubs, and make our club stronger in the global digital arena.”

Alexandre Dreyfus, Founder and CEO of Chiliz and Socios.com, said: “This latest announcement means that almost a quarter of all Süper Lig clubs have now partnered with Socios.com to launch Fan Tokens.

“The biggest clubs in Turkey – and throughout the world – are using Fan Tokens and Socios.com to increase engagement with their global fanbases.

“Our vision is to evolve passive fans into active fans and it’s very fitting that this evolution is currently happening faster in Turkey, where the passion of supporters is so high, than anywhere else.”

SoftSwiss Game Aggregator shares Q1 2021 crypto gambling insights

May 7, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

In its Q1 2021 corporate report the SoftSwiss Game Aggregator shared that “crypto turnover increased its share from 6% at the end of Q1 2020 to over 26% in Q1 2021”, highlights Andrey Starovoitov, COO at SoftSwiss.

The recently released SoftSwiss Game Aggregator report showed that crypto turnover’s growing share in the total volume of bets every month, which took up 6% in Q1 2020, and came up to 26% by the end of Q1 2021, displacing the overall share of fiat (as shown in pic.1).

Region-wise, “the turnover in Asia is growing, largely due to the entry of cryptocurrency casinos into this region. Mainly this is due to the traffic growth in Japan, as well as good trends in India and Indonesia”, further noted Andrey Starovoitov. “Our clients continue expanding to the LatAm region, and although it is too early to talk about significant volumes, we expect to see Brazil among the leaders in the nearest future”.

Speaking of the top cryptocurrencies throughout the SoftSwiss Game Aggregator, there are slight changes, as ETH has doubled its share reaching a record 10%, with BTC remaining the most popular and staying at the top with 83%. Country-wise, India proves the rising popularity of ETH, where the cryptocurrency has finally become the most used towards the end of Q1 2021. All the other regions show a prevailing preference for BTC (pic.2).

Finally, the top crypto games on the SoftSwiss Game Aggregator appear to be live games with Evolution leading among all other gaming studios in the majority of the regions. The Japanese region has the distinctive feature of being one of the top markets for high rollers. On the other hand, Canada and Europe tend to mostly go for table board games (both live and RNG). Among the most played games are Aztec Magic Deluxe, Elvis Frog in Vegas by BGaming, and Wild Spin Blackjack VIP by Platipus.

About SoftSwiss:
SoftSwiss is an international tech company supplying widely acclaimed, certified software solutions for managing iGaming operations. SoftSwiss holds a number of gaming licenses, providing a “one-stop-shop” white label solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an affiliate platform, and a recently launched Sportsbook platform. In 2013 SoftSwiss was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

A Golden Opportunity: How to Win a Lamborghini in 2021

May 3, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Dreams do come true.

On April 24th, a FreeBitco.in user, out of over 42 million registered users, won a brand new Lamborghini, crypto’s favorite car.

And that wasn’t the first time. Since May 2019, FreeBitco.in, one of the world’s biggest Bitcoin gaming websites, has given away Lamborghinis to four lucky winners.

And they don’t intend to stop…

It’s Time for Round 5!

The Lamborghini Giveaway at FreeBitco.in is a Golden Ticket Contest where users have to collect Golden Tickets which are entered into a provably fair draw to pick the winner.

User 15324044 is the latest winner and they held over 882,251 Golden Tickets over the course of the contest. The lucky winner gets to choose between a Lamborghini or $200,000 in BTC credited directly to their FreeBitco.in account.

Over the last 2 years, FreeBitco.in has given away a total of $800,000 in BTC through four popular editions, and now they’re making it $1 million with Round 5.

And the best part? You can win a Lambo too!

How to Participate?

Win a Lambo Round 5 began as soon as Round 4 ended. Everyone can participate in Crypto’s Biggest Giveaway and stand a chance to win.

Follow these steps to join the contest:

Create an account on FreeBitco.in.
Collect Free BTC or deposit BTC into FreeBitco.in wallet.
Play the HI-LO dice game, or bet on events.
For every 0.005 BTC wagered in total on both the dice game or the event betting page, the user gets 1 Golden Ticket.
Golden Tickets can also be bought for 0.00025 BTC each.
Collect as many Golden Tickets as possible to increase the chances of winning a Lamborghini.
After the contest ends, a provably fair lottery draw will be conducted to pick the lucky winner.

It’s that simple!

The contest ends on 23rd October, 2021. You have six months to collect as many tickets as you can. Who knows, you could be driving home a shiny Lamborghini come October!

Why must banks change their infrastructure as cash becomes digitized?

April 23, 2021 Published by TheBlockchainExaminer.com

In the key scene in the movie The Matrix, Neo realizes that he must choose between the red and the blue pill. Central Banks also have a fundamental choice of how to digitize cash. – Cash can either be digitized as a new currency, using existing payment rails, or as a new format, requiring large investments in the banking sector, says Joachim Samuelsson, CEO Crunchfish.

Crunchfish CEO Joachim Samuelsson shows that the World’s Central Banks are facing a decisive choice that will have an enormous impact on the bank infrastructure in their countries.

Money is available in four formats – two physical and two digital. Central Banks issue physical money in the form of coins and banknotes. Digital money exists on bank accounts and constitutes a claim on the bank rather than on the Central Bank. Cryptocurrency is a new digital format, not guaranteed by Central or commercial banks. Instead, authenticity is proven by a blockchain of transactions. One of the key reasons why Central Banks want to digitize cash is the threat that international cryptocurrencies could undermine a country’s currency and its opportunities to dictate monetary policy.

– Digital cash is neither digital money nor a cryptocurrency. The goal is to obtain the unique properties of physical cash as a means of payment in digital form. Such payment methods must work offline and be able to be accepted as payment immediately and completely independent of network connectivity. The privacy of payments must still be ensured within reasonable limits. Just because payments are digital does not mean that the bank needs to see every transaction made. Digital cash must also be extremely flexible, scalable and interoperable with current payment solutions. Crunchfish has developed a solution that meets all these criteria, Joachim Samuelsson proudly states.

Crunchfish Digital Cash Wallet xoxo.cash
Crunchfish complements the World’s payment services with its Digital Cash Wallet xoxo.cash, whether on mobile or payment card. It processes an offline balance that is reflected in a corresponding and blocked Digital Cash account online.

-As the payment is carried out, a digitally signed payment is created and verified offline by the specified recipient. Crunchfish Digital Cash payments can be compared to paying by credit card; the difference is that the debited account is blocked to guarantee that there is no overdraft when the offline payment is settled, Joachim Samuelsson explains.

The primary purpose of digital cash is not to keep but to replace the unique properties of physical cash as a means of payment. Crunchfish’s patent-pending Digital Cash Wallet solves this by processing payments in two steps. First offline clearing upon payment and then settlement when the money is moved between accounts.

New currency or new format?
The World’s Central Banks have a choice to make. They can choose to issue their digital cash as a new currency, to be handled on existing payment systems, or as a new format requiring bank infrastructures to be upgraded to handle the new format. However, according to a staff memo from the Central Bank of Sweden, a new format will not solve the issue of offline payments. At the same time, VISA explains that offline payments can be offered by using two-step payments. Regardless of what the Central Banks decide, Crunchfish’s Digital Cash solution will be needed.

Crunchfish’s entry with Sweden’s dominant real-time payment service Swish in the National Telecom Agency innovation contest shows that it is possible to implement offline payments on account-based rails. The Crunchfish Digital Cash Wallet can then also handle the Central Banks’ digital cash, as there is no technical difference in whether the digital cash is guaranteed by the Central Banks or commercial banks.

Affilka enters into partnership with ProperSix Casino

April 19, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Affilka, an Affiliate Marketing Platform developed by SoftSwiss inked a deal with a third-party brand ProperSix Casino. Now SoftSwiss will be providing its state-of-art services to the newly-launched online crypto casino brand.

An affiliate program of ProperSix Casino will be powered by Affilka, providing its users with a unique combination of transparency and functionality including an extremely flexible commissions constructor aimed at optimising marketing expenses.

A new crypto casino ProperSix is entering the market, giving players the chance to play various games online by using their cryptocurrencies. Customers will be able to play with ProperSix tokens or other most known cryptocurrencies, including BTC, ETH and USDT. With the casino having just been launched, 30 new and original games are ready for players from around the world. With many different bonus systems that help achieve the highest payouts, the luckiest players are sure to win big.

Furthermore, after an increasingly effective integration process with Affilka, the client decided to expand the area of cooperation between SoftSwiss and ProperSix by also signing a deal with SoftSwiss Game Aggregator. The project is bound to be fully integrated later in Q2 and will provide ProperSix Casino with a cost-effective, yet very efficient one-stop-shop solution with a wide portfolio of game providers that are constantly replenishing.

Anastasia Borovaya, Product Owner of Affilka commented on this event: “Affilka may be a newcomer among affiliate marketing software providers in the iGaming industry. Yet it keeps on proving itself as a reliable, secure and very strong and cost-effective tool for iGaming operators. We’re super excited to launch this project alongside ProperSix and are looking forward to very productive cooperation!”.

Richard Haverinen, CEO of PROPERSIX OU noted: “ProperSix is proud to announce that it will be collaborating with SoftSwiss Game Aggregator to ensure the best user experience and many more games to get jackpots in. Furthermore, Affilka by SoftSwiss will ensure reliable, safe and trustworthy operation along with high load resistance. The Online Casino is already live, so people are already purchasing ProperSix tokens and getting ready to see if they will be the ones to get the biggest payouts”.

About SoftSwiss

SoftSwiss is an international tech company supplying widely acclaimed, certified software solutions for managing iGaming operations. SoftSwiss holds a number of gaming licenses, providing a “one-stop-shop” white label casino solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an Affiliate Platform, and a recently launched sportsbook platform. In 2013 SoftSwiss was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

About ProperSix Casino

New crypto casino ProperSix is entering the market, giving players the chance to play various games online by using their cryptocurrencies. Customers will be able to play with ProperSix tokens or other most known cryptocurrencies, including BTC, ETH and USDT.

Paulo Dybala signs as Skrill brand ambassador

April 15, 2021 Published by EuropeanGaming.eu

Reading Time: 2 minutes

Juventus superstar agrees two-year deal with Skrill to represent the digital payments brand among football fans worldwide

Argentinian international and Juventus icon, Paulo Dybala, has signed a new deal to represent digital payments brand Skrill.

Dybala’s first appearance for Skrill will be in a TV, digital and PR campaign to promote the digital wallet’s Prepaid Mastercard®, available in the UK and Europe. The TV advert will air in Italy for the first time on Sunday, April 18.

Considered to be one of the most valuable footballers in the world thanks to his creativity and pace on the pitch, Dybala, also known as ‘La Joya’ (‘The Jewel’), has helped Juventus to win eleven trophies, including five consecutive Serie A titles. He has been named in the Team of the Year three times and most recently earned the Serie A Player of the Season award for the 2019-20 season.

“I’m very happy and proud to be part of the Skrill family,” said Dybala. “I’m really interested to learn more about how Skrill can help me pay online, send money to friends and buy and sell cryptocurrencies.

“Having the flexibility that Skrill can offer is super helpful to someone like me who’s always on the go,” Dybala added. “I also love that I earn loyalty points on transactions every time I use my Skrill card.”

Dybala’s appointment as a brand ambassador follows a series of activations in the beautiful game for Skrill, most recently as AC Milan’s Official Payments Partner. His debut campaign will promote the Skrill Prepaid Mastercard® that gives users flexibility, security and privacy when spending their money, as well as complete control via Skrill’s mobile app that allows 24/7 access to a free digital wallet holding their card balance and all transactions. The card can be used anywhere that Mastercard is accepted, including online and abroad, at ATMs and in store.

Lorenzo Pellegrino, CEO of Skrill, added: “Skrill’s many features let you manage your money on the move, easily and safely. Dybala is the perfect brand ambassador for Skrill, reflecting our values around the speed of delivery and our focus on providing a world-class service. We are looking forward to a successful collaboration to share the many benefits of Skrill with football fans worldwide.”

Founded in 2001 and available in over 120 countries worldwide, Skrill is a globally established digital payments brand and part of Paysafe (NYSE: PSFE), a leading specialised payments platform which listed on the New York Stock Exchange on March 31, 2021, representing an exciting milestone for both the Skrill brand and the rest of the group. Skrill offers a multi-currency digital wallet with a number of services available alongside the Prepaid Mastercard®, including Skrill Money Transfer, that allows users to send money internationally. Skrill customers can also send money to their contacts through the Skrill app, as well as buy and sell interests in cryptocurrencies.

Tag: Cryptocurrency

Kikitrade Raises $12M for Asia Pacific Expansion, Brings in Strategic Investment from Hedge Fund Billionaire Alan Howard

Ninjas in Pyjamas and Mercuryo Partner up to Put a Spotlight on Cryptocurrency

The Impact of Cryptocurrency Adoption on Government

Global Gaming Marketplace Kinguin Partners With Immutable X

Alanyaspor to Launch Fan Token on Socios.com

SoftSwiss Game Aggregator shares Q1 2021 crypto gambling insights

A Golden Opportunity: How to Win a Lamborghini in 2021

It’s Time for Round 5!

How to Participate?

Why must banks change their infrastructure as cash becomes digitized?

Affilka enters into partnership with ProperSix Casino

Paulo Dybala signs as Skrill brand ambassador

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