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“Best Odds” Bitcoin Casinos 2018

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When it was once first offered in 2008, few other folks out of doors of the insular neighborhood surrounding the virtual cost gadget took Bitcoin significantly. But inside a couple of years, the cryptocurrency had turn out to be a very powerful method for customers to make purchases and trade finances on-line. The decentralized nature of the asset has made this a rather nameless method of processing monetary transactions, one thing that has made it sexy to many customers all over the world.

Bitcoin Has Revolutionized Online Gambling, Sports Betting & Gaming

One of the most important spaces through which cryptocurrency may make an have an effect on is on this planet of on-line playing. This is particularly true for plenty of avid gamers who wish to enroll at Internet casinos, however both don’t wish to percentage their monetary main points, don’t personal a checking account or bank cards, or are living in a jurisdiction, such because the United States, the place on-line on line casino transactions are tough to procedure.

While the vast majority of gaming websites nonetheless don’t settle for this cost means, the quantity is rising all of a sudden, making it a very good choice to extra conventional deposit choices.

With such a lot of bitcoin casinos and having a bet websites to be had available in the market, it may be simple to get misplaced, then again, you’ve the ability to make a choice one who fits your wishes. Here we deliver you an up to date list of the best sites, so you’ll get started taking part in and having a bet to multiply your bitcoins, whether or not you’re a complete newbie or an skilled gambler.

Top Online Bitcoin Casinos is a 3rd celebration that ranks the net Casinos that permit avid gamers to guess the usage of cryptocurrency and money out in cryptocurrency or fiat (money). We take a look at the so referred to as “Top Online Casinos” for transparency, odds to win, gameplay, participant bonuses & withdrawal speeds.

In order to get a hold of the Bitcoin Casinos with the “best odds” Top Online Bitcoin Casinos independently examined the entire primary on-line Casinos that permit playing in cryptocurrency.

Here are their scores:

mBit is some other primary U.S. pleasant bitcoin on line casino logo that experience earned a stellar recognition for high quality instrument and nice customer support since they have been based in 2014 .  They are primarily based in Curacao and are totally regulated via the gaming fee there.

  • All the video games at mBit have been independently examined and verified for equity via RNG.
  • mBit is now house to over 1,000 other video games and new ones are added weekly.
  • Live broker blackjack, sede, baccarat, roulette and extra to be had for BTC or Euro.
  • Deposit straight away and totally free.  Sign-up takes seconds and solely calls for an electronic mail.
  • mBit Casino is totally practical on any Android, iPad, iPhone or Windows Phone.
  • United States of America avid gamers are welcome.  Site in each English and Russian.
  • mBit have an outstanding VIP program and a 110% 1st deposit bonus to one BTC .

Join Now

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Coming in at #1 once more, BetChain is an outstanding on line casino and one of the vital pioneers within the Bitcoin scene. Since it was once established, the on line casino has centered strongly on servicing the Bitcoin neighborhood. Only in recent times the on line casino has unfolded its doorways to conventional currencies, however its identification stays strongly outlined via Bitcoin. Betchain could also be re-launching its entire VIP program and refining its customer support additional to provide an unheard of gaming revel in to all its purchasers

BetChain’s focal point on carrier, coupled with distinctive bonus provides, makes it one of the vital a hit Bitcoin casinos. BetChain caters to consumers hailing from other areas of the arena. That implies that excluding English, its web page could also be to be had in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain additionally provides are living chat, 24 hour buyer strengthen, and lightning fast withdrawals.

Provably Fair: BetChain emphasizes provably equity, permitting avid gamers (and the on line casino) to ensure all guess results to make sure they have been right kind and honest.

  • Safe and Secure: BetChain claims to make use of the most recent in encryption and protected servers to make sure that consumers’ cash is at all times protected.
  • 24/7 Support: Contact BetChain anytime, day or evening, at strengthen@betchain.com or in the course of the BetChain strengthen shape. Join Now

Welcome package bitstarz

One of the preferred Bitcoin casinos out. The on line casino is provably honest and controlled via the Curacao executive. It provides round 1,000 prime quality video games, then again it does now not be offering a sportsbook function (the place you’ll guess on widespread carrying occasions). Bitstarz additionally accepts a couple of currencies and isn’t restricted solely to cryptos.

Deposits can also be made by way of Mastercard, Skrill, Neteller, Bitcoin, Litecoin, Bitcoin Cash and more than a few different strategies making it extremely available to international customers, even those that don’t personal Bitcoin. Support is to be had thru social media, on-line chat and electronic mail. It’s additionally one of the most interesting on line casino available in the market with regards to design.

What in point of fact stuck our eye about Bitstarz is the truth that they reply to consumer lawsuits even by way of Reddit, which displays they care about their buyer revel in and are keen to step up when wanted.

Join Bitstarz

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Oshi.io is a Bitcoin playing website online based in 2015 that gives the total on line casino revel in – from desk video games to slots, or even are living broker video games. Oshi on line casino options an instant-play platform (no instrument had to be downloaded). Simply load-up your web browser and you are prepared to head.

Get an exclusive bitcoin bonus on your first deposit + 200 FREE SpinsThey mix a mix of Softswiss instrument, Booming Games, Netent, iSoftBet, Habanero, Belatra, Pocket Dice, with little recognized Amatic Industries, and Endorphina evolved titles. Oshi Casino could also be in a position to providing you high quality 3-D slots, and many WagerSotoes Gaming titles can also be discovered there as neatly.

If you do fancy attempting one thing a bit of extra authentic, despite the fact that, there’s a very good number of video slots from smaller builders which you’ll be exhausting pressed to search out in lots of different Bitcoin casinos.

Visit Site


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Obviously the percentages in sports activities having a bet rely on your choices and now not on space edge like in playing cards and slots. So the percentages don’t observe to those, however we needed to record the Top Sports having a bet websites for our readers as neatly, so they are able to be discovered under.

From Bitcoingambling.io

Bitcoin bookmakers are revolutionizing the arena of sports activities having a bet. Many of the bitcoin sportsbooks featured in this site assist you to create nameless accounts and bet from any a part of the United States.

Thanks to bitcoin, those sportsbooks can procedure your deposits and withdrawals straight away, so that you now not wish to wait weeks for a payout.  Banking could also be totally loose, this means that you’ll have extra money to your participant account.   Bitcoin sports activities having a bet websites assist you to bet on each primary league in america, UK, Europe, Australia and Asia, together with the NFL, NBA, AFL and the English Premier League

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WagerOnline has a historical past going again to 2004 and be offering a mixture of serious strains and nice carrier to US, Canadian and international sports activities having a bet lovers. Licensed in Panama, WagerOnline be offering sports activities having a bet, on line casino video games and poker.

What you’ll realize right away with this website online is that they appear after their dependable bettors. Instead of a giant prematurely bonus after which not anything – you’ll get 25% on each unmarried qualifying deposit for lifestyles.

PROS AND CONS

  • One of the biggest sports activities books on-line.
  • Massive $2,500 Sign-Up Bonus.
  • Some of the biggest wagering limits for Americans.
  • Betting instrument and interface is most sensible notch.
  • Post odds previous than different websites.
  • Issues prior to now with poker avid gamers, however not anything inside previous five years.
  • Many customers bitch concerning the strengthen body of workers.
  • Hidden charges for some payout strategies.

WagerOnline has a historical past going again to 2004 and be offering a mixture of serious strains and nice carrier to US, Canadian and international sports activities having a bet lovers. Licensed in Panama, WagerOnline be offering sports activities having a bet, on line casino video games and poker. What you’ll realize right away with this website online is that they appear after their dependable bettors. Instead of a giant prematurely bonus after which not anything – you’ll get 25% on each unmarried qualifying deposit for lifestyles.

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mBit is some other primary U.S. pleasant bitcoin on line casino logo that experience earned a stellar recognition for high quality instrument and nice customer support since they have been based in 2014 .  They are primarily based in Curacao and are totally regulated via the gaming fee there.

  • All the video games at mBit have been independently examined and verified for equity via RNG.
  • mBit is now house to over 1,000 other video games and new ones are added weekly.
  • Live broker blackjack, sede, baccarat, roulette and extra to be had for BTC or Euro.
  • Deposit straight away and totally free.  Sign-up takes seconds and solely calls for an electronic mail.
  • mBit Casino is totally practical on any Android, iPad, iPhone or Windows Phone.
  • United States of America avid gamers are welcome.  Site in each English and Russian.
  • mBit have an outstanding VIP program and a 110% 1st deposit bonus to one BTC .
  • mBit has added a very good sports activities having a bet program as neatly.

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Since 1999, SportsBetting has constructed a cast recognition via offering impeccable carrier to avid gamers. The sportsbook provides quite a few perks corresponding to early opening strains, MLB dime strains, decreased juice NHL, prime limits, re-bet capability, beneficiant parlay and teaser odds, are living having a bet and extra.In the ones 15 years the logo has turn out to be greater than only a sportsbook.

They be offering sports activities having a bet, a Poker room, a web-based Casino and a Racebook. Financial having a bet merchandise have been added within the fresh years. All merchandise are powered via most sensible gaming instrument and a stupendous Affiliate Program which will earn their Affiliates lifestyles time commissions throughout all in their merchandise.Depositing cash is fast, simple and protected at SportsBetting. Bitcoin and bank card transactions also are authorised to fund participant accounts.

Withdrawals are simply as simple and protected.  SportsBetting will pay their purchasers on time, each time. They additionally come with one loose withdrawal per 30 days.First time deposit bonuses and reload bonuses also are to be had. SportsBetting is continuously including new promotions making it that a lot more attractive for avid gamers to play there. The Poker product has as much as 11 other promotions being presented all the time.

There is at all times a explanation why in your referred consumers to stay taking part in at SportsBetting.

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Nitrogen Sports bitcoin-only sports activities e-book & on line casino: no sign-up required, per month parlay promotions and 80BTC most guess. In addition to sports activities, you’ll play desk video games like blackjack and poker. The bitcoin site additionally provides a cube recreation.

Nitrogen Sports are our favourite “bitcoin only” sportsbook.  Since opening their doorways again in 2012, they’ve temporarily established themselves because the main bitcoin sports activities having a bet website online.  They are headquartered in Costa Rica and owned via IdealMedia.com

  • Easily the most important, maximum established and relied on bitcoin bookmaker.
  • 100% nameless.  Nitrogen don’t even ask you to offer an electronic mail cope with.
  • Live in-play having a bet to be had for primary leagues like NFL, EPL, NBA and NHL.
  • The minimal guess prohibit is 0.001 BTC and the most guess prohibit is 30 BTC+.
  • Deposits are credited with 0 confirmations and withdrawals procedure in hours.
  • The Nitrogen Sports web-app works neatly on iPhone, Android and Windows Phone.
  • 2-Factor Authentication to be had.  Support supplied by way of are living chat or price tag gadget.
  • Nitrogen Sports do NOT be offering a deposit bonus however do they run some a laugh promos.

Join Nitrogen Sports & Get In On the Action Now

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Amazon

Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog

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Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14.

Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument.

Specifically, the patent targets Merkle trees — a data verification tool — to constitute the work required in a PoW setup.

PoW is the algorithm used in bitcoin (BTC) and some other major cryptocurrencies such as litecoin (LTC), dogecoin (DOGE) and monero (XMR).

“This document describes techniques for using the generation of Merkle Trees as a solution to a proof-of-work challenge,” the patent reads.

The exact nature of Amazon’s plans remains unclear. The patent document does not reference specific uses within a cryptocurrency or blockchain, continuing uncertainty over the company’s stance on the wider cryptocurrency phenomenon.

As Cointelegraph reported, rumors Amazon was preparing to take a direct interest in bitcoin, for example, have repeatedly sparked a frenzy within the crypto community, each time culminating in nothing.

At the same time, others consider it only a matter of time before an integration occurs. In February, Changpeng Zhao, CEO of exchange Binance, claimed Amazon would ultimately have no choice but to issue some form of cryptocurrency.

“For any internet (non-physical) based business, I don’t understand why anyone would not accept crypto for payments,” he said.

Late last month, Amazon Web Services publicly launched its enterprise blockchain setup network, based on Ethereum (ETH) and Hyperledger technology.

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Blockchain as Key to Vienna’s Digital Future — Interview with Ulrike Huemer, CIO of Vienna, Austria

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Austria is Europe’s leader in terms of applying modern day technology to better the all-around welfare of its citizens. Making cities “smart” and digital is a key part of transforming public goods and services in order to reach that goal. Vienna is especially keen on innovation, trying to find new solutions by way of digitization. Easy access and clear-cut benefits are key aspects to finding broad acceptance among Vienna citizens, making them willingly partake and help to better the transformation process.  

To further the breakthrough of digital technologies and make them the backbone of society, Vienna called into existence the so-called “Smart City Vienna” initiative in 2014, which aims to better the lives of its general population. The Smart City project isn’t meant to merely foster technology, though. Rather, the latter is supposed to be a tool, helping to achieve social change and making the city more livable overall. Technology as a servant to humanity, not the other way around.

The Smart City Vienna strategy takes into consideration multiple fields that need to be transformed, such as energy, mobility, real estate and others. Every single aspect of the strategy has well-defined target objectives in order to provide transparency and a sense of urgency. In total, 38 target objectives are set out until 2050, while different milestones are to be met by 2025, 2030 and 2050.

Blockchain is a key factor in realizing these goals. As such, it has been applied to different use cases that pertain to the strategy in one way or another. One of them is the notarization of Open Government Data (OGD) — to facilitate the use of food stamps by local government employees. Electric supplier Wien Energie, which is run by the city administration, has also been exploring the use of blockchain technology for quite a while now, trying to make distribution along its grids more efficient. Last but not least, Vienna is setting up a blockchain-based token that is part of an incentive driven initiative, rewarding citizens for “good behavior.”

In which ways can blockchain contribute to Smart City Vienna further? Will the capital city get its very own cryptocurrency eventually? Why is digitization so broadly accepted among Vienna’s population? Cointelegraph Germany sat down with Ulrike Huemer, the chief information officer of Vienna, to answer these questions and to further elaborate on what’s to come.

Smart City Vienna — the road to digitization

Cointelegraph: What is your vision of Vienna as a “smart” city?

Ulrike Huemer: Vienna does score favorably well in many different rankings already, some of it due to our comprehensive approach to the Smart City initiative, which constantly drives new projects and gets monitored on a regular basis. Our comprehensive approach isn’t just a means to an end, though. It is much rather our guiding principle to cover all our bases when making our city “smart.” It’s not just about technological innovation for the sake of it — instead, we are looking to use it as a vehicle leading us toward social change and environmental sustainability. It’s all about providing the best quality of life to all our citizens, thus we are incorporating every office of city administration, linking them up with companies from the private sector as well, to set up a broad network as a basis for the transformation process.

“It’s all about providing the best quality of life to all our citizens.”

We don’t just emphasize these points toward the general public, we also make sure to reiterate this concept internally to really make it stick. Driving research and development-oriented policies is key, but so is getting everybody on board with what we’re trying to do. Consulting-firm Roland Berger ranked our digital agenda number one in its recent “Smart City Index” publication, especially praising our continued efforts to better the health care system through technological innovation. Open Government Data and our progress in areas such as mobility, environmental sustainability and education put us in the top-spot according to the study. We’re looking to continue to build on this, truly making Vienna a “smart city” indeed.

CT: How well is Austria positioned in terms of the smart city concept? Is Austria in a good starting position for this?

UH: Austria is well positioned to master future challenges due to the various public infrastructure frameworks. The smart city concept can play a key role here. The most important aspect is the implementation and cooperation with relevant actors. The very first thing to ensure when dealing with the smart city topic is to create adoption through a broad process. Civil society, the economy and science must be given the opportunity to state their interests to the city administration so that we get the big picture of a future that is worth striving for by all parties. By integrating all interest groups, we can ensure the holistic nature of this strategy. Finally, to establish such an agenda, political support and an evaluation process that makes successes and potentials visible are needed.

CT: Implementing a smart city is enormously expensive. Who is paying for these digitization measures that are necessary?

UH: There is no direct answer to this question. It’s a fact that, as of now, the city of Vienna does not have an additional budget for the current smart approaches. Therefore, the individual departments and actors have to use their existing budgets and try to innovate their sovereign work themselves. Furthermore, there is some extra funding provided by the European Union or by national co-financing. In recent years, this has brought an additional investment volume of around 15 to 20 million euros to Vienna.

Blockchain solutions for the city of the future

CT: What is blockchain technology‘s role within the Smart City of Vienna?

UH: The city of Vienna has been exploring blockchain technology proactively. We want to use this technology to drive the city’s digitalization and the associated guiding themes of transparency, openness, trust and citizen participation.

We chose to use the technology for our own processes, to proactively shape the development and to support the promotion of it. From the start, we knew the only way to test the blockchain technology‘s potential was by “learning by doing.” This is why we launched pilot projects that were implemented successfully. The pilots‘ primary goal was to build the necessary expertise within the city administration and in our ICT [information and communications technology] municipal department named Magistratsabteilung  01 – Wien Digital.

“From the start, we knew the only way to test the blockchain technology‘s potential was by “learning by doing.”

Via the DigitalCity.Wien-Blockchain.Initiative, we are connecting key areas such as identity, education and research with the blockchain community in Vienna, thereby strengthening both the stakeholders and Vienna as a blockchain location.

CT: The city of Vienna provides open data and e-government for its citizens. How does blockchain improve the administration?

UH: In December 2017, a unique solution was published in Europe where Open Government Data was secured using blockchain. The City of Vienna’s first blockchain pilot dubbed “Open Data Notarization” was focused on the acquisition of knowledge on blockchain technology. The city of Vienna‘s OGD checksums are stored publicly on blockchains and are available to the public. Thus, anyone can view and check the authenticity and history of the data themselves, eliminating the need for middlemen.

The solution is being used now and is set to encompass all data records of Austria‘s administration located on Austria’s data portal in the following weeks.

CT: Wien Energie is researching the use of blockchain technology, also collaborating with the city of Vienna on Smart City concepts. Are there any blockchain solutions regarding sustainable energy you could tell us about?

UH: Blockchain technology allows us to scale innovative energy solutions. Let’s use microgrids as an example: These small and decentralized networks are completely autonomous, connecting supplier and consumer in the shortest way possible, reducing the loss of power to a minimum. On top of that, they eliminate the need to expand the main grid, which can be quite expensive.

We’re also exploring so-called energy-sharing via blockchain. In order to do so, we are setting up a blockchain infrastructure in the “Viertel Zwei” research district, connecting it to the existing power supply.

CT: The city of Vienna is using blockchain as part of the so-called “City Token Initiative,” which got started in collaboration with the research institute of the crypto economy at the Business University Wien (WU). Could you please specify what the initiative is all about?

UH: Sure! At its core is the idea to get people engaged, making them care about their surroundings and setting incentives for them to contribute to the betterment of the city. We created the so-called “Culture Token” to foster this idea, acting as a reward for any type of good behavior as defined by the initiative. In return, citizens can use the token to get access to arts and culture around the city. As an example, we are looking to reduce carbon emissions by rewarding citizens for leaving their car behind, having them take a walk instead and earning tokens in the process.  

“The core idea of our ‘Culture Token’ is, to get people engaged […] setting incentives for them to contribute to the betterment of the city.”

CT: How are these “Culture Tokens” set up?

UH: The “Culture Token” exists in digital form only, being made available on mobile phones and tablet computers. It is set up as a reward system, but stands in stark contrast to the Social Credit System run by the Chinese government. The city of Vienna is keen to exclusively use technology to the benefit of its citizens. It is supposed to simply reward people for volunteer work, for doing good in many ways. We are trying to broaden the scope of the token, too — not only tying it to arts and culture, but establishing it as a true means of payment for many different services instead. That way, it wouldn’t merely be a “Culture Token,” but much rather a “Vienna Token,” which really is the long-term goal.

CT: Are there any further plans to use blockchain in the context of the Smart City initiative?

UH: We’re looking to make use of our findings from the aforementioned “Open Data Notarization” project. In collaboration with our partners, we want to establish a notarization service that can be applied in many different fields. For example, helping to notarize city government documents or to further “machine learning.” Another important topic is self-sovereign identity, which is concerned with being in full control of one’s own data — blockchain technology can be of assistance here, as well. There is an abundance of use cases, though, like the Internet of things (IoT) and related applications. We will most likely integrate blockchain into different devices and supply chains, too, wherever we see fit.

CT: Is the city of Vienna looking to issue its very own cryptocurrency?

UH: No. As a city, we are merely acting as an observer. At some point in time, blockchain technology might be used as a means of payment, though, since it can help to improve financial transactions considerably.

Creating dialogue

CT: What is the role of big technology companies in the city of Vienna? The Smart City initiative could be of great commercial use for them, especially in combination with blockchain, artificial intelligence, IoT and big data, couldn’t it?

UH: All our partnerships are supposed to provide mutual benefits to either side — technology companies are no exception. As such, the Smart City initiative does indeed establish a framework to strengthen existing partnerships through technological advancements. The overarching goal is to better the quality of life in Vienna, though, which is our main premise.

The “DigitalCity.Vienna” initiative is aiming to establish Vienna as a European leader for digitization, and we are looking to market the city accordingly. The DigitalCity.Vienna initiative has an open format, accessible to all parties interested. We are doing our best to connect all parties involved, helping them to find common ground along the way. In regularly scheduled events, we’re sitting down major companies, ascending startups, the city government, public authorities and academic institutions in order to create a running dialogue in the digital ecosystem.

“The ‘DigitalCity.Vienna’ initiative is aiming to establish Vienna as a European leader for digitization, and we are looking to market the city accordingly.”

CT: What kind of government assistance does Vienna need in order to stay ahead in the global race for blockchain adoption?

UH: We want to strengthen existing partnerships in this area, while attracting further blockchain projects to Vienna in order to benefit from their expertise in the long term. Intricate knowledge is crucial when it comes to blockchain, that is why we are adamant about building it up and retaining it. A prime example is the Austrian Blockchain Center, which is doing research on many different blockchain use cases. The research center recently settled down in Vienna, and we intend on keeping it here, providing some of its funding as well. It will take these kinds of projects, plus government assistance and close collaboration with the private sector, to make Vienna a major international blockchain city.

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Platform Allows Users to Send and Receive Cryptocurrency With Gadget of Their Choice

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The team behind a private digital currency for secure payments says its goal is to make every consumer their own bank — enabling them to send and receive crypto with the gadget of their choice.

Xeonbit says its peer-to-peer technology ensures that every user’s accounts and transactions are “out of reach to any prying eyes.” A feature known as “ring signatures” means public keys are shuffled in order to ensure that particular users cannot be identified once a transaction has taken place. The startup says this is not at the expense of speed, scalability or security.

In a blog post setting out its vision, Xeonbit expressed hope of becoming a commercial foundation for the internet — adding: “Decentralized digital currency is slowly becoming a normal part of everyday life. Yet people’s main internet device continues to be their mobile, a device with a low-powered CPU and limited available storage.”

Although ring signatures use one-time addresses to ensure recipients are the only person who know where the funds have gone, Xeonbit says its technology offers optional transparency for addresses or certain transactions. Through view keys, an account holder can give read-only access to selected parties.

Xeonbit is available here

The company believes that there is a plethora of use cases for view keys. While charities could deliver transparency to their supporters, businesses will be able to achieve regulatory compliance by opening up their accounts for auditing. It is even suggested that children could have their own accounts for spending pocket money, with parents using view keys to monitor their transactions.

Branching out

The desktop wallet for its native currency, xeonbit (XNB), is available to download for Windows computers, macOS and Linux — and as the team furthers the development of its platform, it has applied to list a separate token known as XNS on the Binance decentralized exchange. The project says it has chosen to file this application because it is difficult for XNB, as a private cryptocurrency blockchain, to be accepted by major exchanges.

Looking ahead to its plans for the future, Xeonbit says it is determined to introduce more merchants to its ecosystem, helping to strengthen the use case for its cryptocurrency.

The company believes that XNS has the potential to make its transaction fee five times cheaper and up to 100 times faster for merchants to accept payments using its cryptocurrency.

In the coming months, the project hopes that its decentralized marketplace based on a third-party protocol will be ready to launch, while the xeonbit token will be able to be traded on Binance DEX and more decentralized exchanges by the end of the year.

This will be followed by ATMs for crypto as well as credit cards, depending on the approval of various licenses for its operation in Singapore. The team says it may give this a try if its first step of having XNS join Binance DEX is accomplished.

An initial exchange offering for XNS tokens will begin in May or June.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Bitcoin Price Surges: BTC Breaks 8,100

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Bitcoin’s price has continued to extend its recent rally to a price level beyond $8,000.

At 21:30 UTC today, the price world’s largest cryptocurrency rose as high as $8,195 on Coinbase, marking a 17.4 percent or $1214 increase during today’s trading session.

In the past 24 hours alone, Messari data reveals more than $27 billion worth of bitcoin was traded across exchanges, whereas $2,1 billion was traded solely on the 10 exchanges Bitwise Asset Management identified as the only exchanges reporting honest volume figures.

While vigorous, today’s development is not an anomaly. In fact, bitcoin’s price increases have been aggressive for much of 2019 and rose more than $1000 dollars once again just two days ago.

In the past 90-days alone the cryptocurrency has increased 127 percent in price, nearly 60 percent of which was accrued in the last 30 days alone, Messari data reveals.

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The USD value of most cryptocurrencies are seeing notable increases as a result of bitcoin’s rebound, including the likes of Binance Coin (BNB) and Bitcoin Cash (BCH) both of whom are reporting double-digit 24-hour gains.

That said, bitcoin’s percent share of the capitalization of the total cryptocurrency market is now a 60 percent – its highest since Dec. 11, 2017 according to Coinmarketcap, and a sign its growth is outpacing the rest of the broader market.

History repeating?

Interestingly, a very similar and parabola shaped price increase like the one bitcoin has just witnessed occurred at the end of the previous bear market in 2015.

As can be seen below, bitcoin’s price trend entered a parabolic rise after reaching a low of $198 on Aug. 25, 2015 followed by a  near 150 percent increase before temporarily topping out at $499 on Nov. 4th of that year.

Indeed, history seems to be repeating itself, or at least rhyming, as bitcoin’s market has once again entered a parabolic structure having increased nearly 150 percent from its most recent low of $3,128 set on Dec. 15, 2018.

Disclosure: The author holds several cryptocurrencies. Please see his author bio for more information. 

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Report: Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project

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Sources ostensibly familiar with the matter have claimed that some of the world’s leading banks are currently investing around $50 million to build a blockchain-powered digital cash system for transaction settlement. The news was reported by Reuters on May 17.

An earlier project for a blockchain-based currency settlement coin was unveiled by Swiss bank UBS Group AG and London-based technology startup Clearmatics at early as 2015, as Cointelegraph reported at the time.

One of Reuters’ sources has said that the latest development involves around a dozen major banks investing in a new entity dubbed Finality, which could launch as early as 2020 — although the deal has purportedly not yet been finalized, so details could still change.

While the banks involved in the latest $50 million investment round have not been disclosed, Reuters notes that institutions involved previously in the UBS project included UBS, Banco Santander, Bank of New York Mellon Corp, State Street Corp, Credit Suisse Group AG, Barclays PLC, HSBC Holdings Plc and Deutsche Bank AG.

In a statement to Reuters, a Barclays spokesperson reportedly refrained from commenting on the alleged deal, but noted that:

“We are a member of the USB Project and can confirm that the Research & Development phase is coming to an end.”

Other representatives from other banks reportedly did not provide Reuters with a comment.

As Cointelegraph has reported, United States banking giant JPMorgan Chase (JPM) has this year unveiled plans to launch its own blockchain-powered coin focused on increasing settlement efficiency, dubbed “JPM Coin.”

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