Exploring the Secure Side of Crypto Poker

Posted on June 4, 2023June 4, 2023 by Kelley N.

Are you a poker fanatic who just can’t resist the convenience of playing at home? Prepare yourself for a thrilling experience in the ever-changing, potentially profitable, world of online poker. The industry has seen better days, but even if it doesn’t return to its heyday, it’s still a great way to pass the time and have a lot of fun.

Yet, despite the widespread availability of online poker sites throughout the world, some weird people who are lured to money and gambling remain hidden in the shadows. We are talking about hackers, cheaters, and scammers.

There is a good reason why poker players often complain about rigged platforms, vandalized wallets, and other sorts of hacking and breaching that cause them to lose money. The increase of high-profile instances involving online poker in recent years has only served to heighten these worries.

Lots of Lessons

Consider the infamous attack of crypto poker site SatoshiDice in 2014, in which over 2,000 wagers were altered after hackers gained access to the site’s database. Lessons may be learned from this tragedy about the risks of gambling on unprotected websites.

But that’s not all: fraud is a major concern when it comes to untrustworthy crypto poker. If dishonest operators influence outcomes or engage in unethical methods, players might lose a lot of money. This is bad for the players and the reputation of the bitcoin poker market as a whole.

Theft is another terrifying possibility that lurks in the shadows of the unsecured world of crypto poker. The thought of having your money stolen from your wallet or bank account is enough to make anybody feel sick.

The Key

But there’s still hope. Let’s shift gears and talk about the financial aspects of the game-changing innovation that has won over many gamblers: secure crypto poker. The key is for crypto poker sites to have high-level security features, which will protect players’ financial and personal information.

The safety of users is of paramount importance to cryptocurrency poker sites. Any cryptocurrency exchange runs the risk of being hacked, robbed, or otherwise compromised. Bitcoin casinos, on the other hand, have made substantial efforts to protect their customers’ funds and details.

Encryption has been a game-changer for the top bitcoin poker sites. Encryption safeguards sensitive information by converting it into unreadable ciphertext that can only be accessed by those in possession of the correct encryption key. With this safety measure in place, all player information and financial dealings are protected from any kind of unauthorized access or manipulation.

Online Gambling Rise Continues Amid Surge in Crypto Activity

Posted on March 4, 2021March 3, 2021 by Kelley N.

The past couple of years or so have been monumental to the growth of arguably two of the most important sectors in the world right now. Crypto and gambling have both proven that they are here to stay time and again but we would understand if you are still skeptical. Speculations and predictions seem to be all the buzz but one undeniable thing is the significant effect the two sectors are having on each other and the rest of the world.

Several digital currencies have over the past couple of months been enjoying new streaks of popularity. Bitcoin, for instance, has recently reached record highs of over $50,000, something that nearly no one saw coming. Its price is however not the only thing that we are interested in – these price surges have been one of the main drivers of the growth in popularity that bitcoin and other cryptocurrencies have been enjoying lately.

As it turns out, it is not just individuals that are jumping on the bandwagon. Several institutional investors have begun to take the sector very seriously which goes to show just how big of a ripple effect the price surges have had on the global economy.

Still, very few industries have benefited from the crypto boom as much as gaming and entertainment companies. Gambling has long been one of the most popular sectors and with its stakeholders showing a lot of enthusiasm when it comes to adopting new technologies, its utilization of crypto and blockchain technologies was always bound to happen.

Big Promises

When cryptocurrencies first became a thing, no one would have imagined that these tokens along with the related technologies would have such wide-ranging use-cases. Gambling companies, however, seized the opportunity as many of the things that the crypto was promising would be immensely beneficial to their businesses.

Perhaps the most notable aspects of crypto that have been pushing its adoption in gambling are decentralization, transparency, and safety. In essence, they have created what can only be described as an online gamblers’ heaven where the games are provably fair, the transactions are cheap and fast, and the user data is completed protected.

Now, not all gaming companies have been quick to make some of these changes especially considering how volatile the crypto market often gets. Still, it is very important to acknowledge just how far we have come and how close we are to finally achieving the dream of a whole new financial system. One that is not only safe but also fair and reliable.

High Hopes for Bitcoin in 2021 As It Soars to Record-Breaking Heights

Posted on January 4, 2021 by Kelley N.

The world of crypto was one of the few areas that were not as adversely affected by all that happened in 2020. As a matter of fact, it is safe to say that the sector even went on to balloon as more people had time to get acquainted with it and chose to go with it as a safe haven of sorts. Perhaps the biggest success story is that of Bitcoin which has been enjoying a lot of great publicity towards the end of 2020 and during the first few days of January 2021.

On Monday, Bitcoin traded at $33,365 which while still very impressive is over $1,000 short of its record high of a whopping $34,800 – the digital currency hit the record high on Sunday, January 3. Needless to say, this is a huge milestone for the digital currency especially because its current price is an increase of 800 percent from its price in Mid-March. That was right before the pandemic began to wreak havoc in many parts of the globe.

High Hopes for 2021

As the world struggles to get back to how things were before the coronavirus pandemic hit, the world of crypto seems to be gearing up for an even better year ahead. Now more than ever more people are well aware of the benefits that crypto has to offer and that seems to be driving the insatiable appetite for digital assets such as Bitcoin.

One of the reasons why Bitcoin has taken center-stage can be attributed to its supply cap which many believe is a hedge against the risk of inflation especially now as some government and central banks turn on stimulus taps. Moreover, fears of a weaker dollar have led investors to look for safe-havens comparable to gold – Bitcoin has fitted that bill for lots of them.

According to experts from Fundstrat, an independent financial research firm, all that is happening right now in the world of crypto may have already happened back in 2017. The same “parabolic rise” we witnessed back then is making a comeback albeit on a much larger scale.

“We believe the conditions remain in place for a continued rally in bitcoin and crypto more broadly over the next 6-12 months. Institutional and corporate buying, regulatory de-risking, and retail stimulus demand are factors that have led to an increase in positive momentum, which we believe can continue.”

David Grider, Fundstrat’s digital asset strategist.

For any crypto-related business, 2021 is certainly going to be an interesting year. Besides the anticipated growth, there is a lot of optimism that crypto could finally get the mainstream attention it deserves.

The World of Crypto and Poker in 2020 And Beyond

Posted on January 4, 2020January 3, 2020 by Kelley N.

Poker remains to be one of the most popular games on the planet and this is set to be the case for a very long time. No other games come even close to offering the thrill and excitement that poker offers its customers. Now, things are about to get even better thanks to the entry and subsequent integration of crypto technology.

While digital currencies and the associated technologies are still seen as novelties by many people, they have evolved tremendously over the years to become among the most popular topics on the planet. A revolution in the way that we perform transactions is imminent and one of the industries that will benefit will be the gambling industry. This is because the sector was among the very first ones to adopt crypto technologies in a bid to improve service delivery. The gaming industry has capitalized on the benefits that can be derived from the use of bitcoin and other cryptocurrencies as well as supporting technologies such as the blockchain and smart contracts.

How Will It Impact Online Poker?

Already, there are a decent number of online poker operators that are utilizing digital currencies. These companies are now essentially proof of concept for the benefits of using crypto for banking. Some of the most marketed benefits include security, safety, speed, flexibility, and even anonymity. Decentralization plays a huge part in this and it ties in very well with the accessibility that online poker operators are working hard to keep offering.

The shift towards online poker operations that support crypto payments has already begun albeit on a rather small scale – it is picking up the pace though. Digital currencies may have grown tremendously popular but there has been a bit of a slowdown in terms of mainstream rollout. The gaming industry does not seem to be suffering from the same problem since it is known for being very experimental as an early adopter of technologies.

Giving Users Full Control

At the end of the day, this seems to be the most important factor for many online poker players. By eliminating the middleman, online poker operators will allow the users to have more control over how they spend their money. Speed, safety and security are the core consideration in this case. A number of projects were already in the pipeline by the time 2019 was coming to an end with more set to come into play this year. There are lots of crypto-powered online poker sites available right now. You might want to get acquainted with them as soon as possible. Why? They are the future.

SwC Poker: The World’s First True Bitcoin-Only Poker Game

Posted on March 4, 2019March 3, 2019 by Kelley N.

As much as the crypto buzz may have dwindled a little over the last few months, there are still tons of innovative ideas being floated around and implemented in a bid to get both blockchain and digital currencies to be massively adopted. The use-cases have grown immensely but there is still a lot to be done in order to propel further growth which means that the industry needs all the help it can get. Fortunately, one of the industries that have been taking the concept of bitcoin and blockchain very seriously has been the gambling industry.

However, despite all the innovations in the crypto-gambling scene, most operators have been forced to keep one foot out of the fold – even though several online gambling websites have integrated crypto onto their platforms, very few of them have completely tokenized their services. Now, SwC Poker is changing the narrative by becoming the very first gambling service provider to go all in on bitcoin gambling with the tag line “No Banking, Only Bitcoin”.

Bitcoin 3.0

Launched in March 2015 following the shutdown of SealsWithClubs over some ethical issues, SwC Poker builds upon its predecessor’s ethos as well as data which included usernames and krill amounts. This basically means that some of the things that the site focuses on are anonymity, fast cashouts, and, of course, significantly low rakes. The concept of decentralization is also very important to the internet-based organization which has its server geographically distributed across the US hence its popularity among crypto enthusiasts and online poker players.

Moreover, in November last year, the company relaunched the amazing “Bitcoin Poker 3.0” and since then its customers have been treated to one of the most stable online poker experiences. Regardless of whichever device or operating system you may be using, the poker experience will be nothing short of exceptional.

Not only is the site now accessible from virtually anywhere in the world, but is also much easier to register on it and begin playing. As expected, in addition to a robust web-based client, the online poker platform also offers the users the luxury of downloading platform-specific software and apps – the experience is, fortunately, streamlined across all of the devices.

To register, all that is required is an email address but even though the site puts a lot of emphasis on anonymity, it also offers two-factor authentication for some important actions like making withdrawal or logging in.

Some of the other features that players should look forward to including 24/7 freerolls, a number of lucrative tournaments as well as the recently introduced Bad Beat Jackpot – the latter is a no-limit hold’em cash game that builds a jackpot fund using the normal rake amounts.

Is BTC Gambling Still a Lucrative Investment Opportunity?

Posted on February 4, 2019February 2, 2019 by Kelley N.

Bitcoin and digital currencies, in general, have become quite appealing as business prospects which was not the case just a couple of months back. Despite recent declines in the overall value of most digital currencies, the crypto industry is on a rather consistent upward trend. In many ways, the industry has seemingly gotten to the point where it can be said to be ripe for investment and exploration – a number of these are already underway. This is especially true for the gambling industry which is among the very first industries to adopt various crypto-related innovations. If history is anything is to go by, then this is a sign that crypto will be vital in the quest to boost returns for the gaming industry.

What 2019 Has in Store

Well, according to a number of experts, 2019 is going to be the year of next level application of bitcoin, and other digital currencies, in the gambling market. These projections mainly rely on the trends and forecasts for both markets that indicate several extensive changes that will come into effect by the second quarter of the year. This steady growth trend is expected to go on for the next two years with the areas expected to see the most changes being mobile gaming, sports betting and live online gaming.

Online casinos and online poker operators stand to reap the most from the integration of crypto technology and mainstream consumer technology. The trends indicated by these projections and forecasts are going to peak in 2019 which means that we might actually get to see fully-fledged applications taking advantage of the untapped potential of the crypto market. That said, it is safe to conclude that despite the ups and downs of the cryptocurrency space, it was always bound to rise above all that.

Blockchain Poker Tournaments

Last year we got to see the very first blockchain poker tournament that highlighted the three-day World Crypto Conference and was hosted by Las Vegas-based Aria casino. The tournament brought together live poker action that was powered by blockchain technology, making it the first to show off the full potential of blockchain and crypto technology in the gambling space. Poker players should expect more of these in 2019.

Prior to the inaugural blockchain poker tournament, there were already a number of established online poker brands including Virtue Poker that were already using decentralized smart contracts to manage their data. Even though the technology is still far from being perfected, players have grown to love the idea of their data and gaming application being managed by decentralized platforms primarily because the technology helps in reducing the possibility of site fixing and the use of poker bots.

Crypto Mining Businesses in Japan and China Close Up Shop

Posted on January 4, 2019January 3, 2019 by Kelley N.

The world of crypto had its fair share of lows in 2018 and, even though it did not seem like it at the time, the effects of the year-long bear market of the last year affected much more than the prices of the digital currencies. Some of the worst-hit sectors were those that had a direct link to crypto, that is, related businesses such as large-scale mining businesses suffered greatly. This was primarily because the crypto market was beginning to become less appealing to some of the largest firms in the world and they began to slowly pull the plug on what were once some of the most lucrative operations in the industry.

China’s Bitmain to Pull the Plug

Crypto mining giant, Bitmain was once considered a titan in the digital currency mining business, not just in China but in the whole world as well. In fact, the company controlled close to 80 percent of all the hardware that was used in the generation of new digital currencies. Well, not anymore. The company is no longer as highly regarded as it was a short while back and there are even reports that it is planning to lay off between 50 and 80 percent of its staff. This is despite the fact Bitmain controls some of the largest mining pools on the planet and is the leading supplier of the mining equipment, both of which gave it significant control over the bitcoin and Bitcoin Cash networks.

Unfortunately, as the prices of the digital currencies continued to dwindle in 2018 and the level of difficulty in minting new digital coins remained high, there was a significant drop in profitability. As a result, a number of companies including Bitmain have chosen to exit the large-scale cryptocurrency mining business which is no longer viable since the cost of hardware and power is much higher than the value of the digital currencies that are mined.

The Situation in Japan

According to Japanese media, GMO, one of the country’s retail giants, is pulling out of the bitcoin mining hardware industry in Japan citing increased pressure on the profitability of the business due to increased hash rates and mining competition. The move, as it turns out, reportedly cost GMO a whopping 25 billion Yen. Despite exiting the crypto mining hardware business, GMO will still continue to mine and also plans to launch a cryptocurrency exchange in the near future.

Japanese e-commerce company DMM is also reportedly leaving the business through the closure of its crypto mining firm in Kanazawa. As expected, the company also cited declining profits as the main reason for the move. The company now intends to focus on its crypto exchange platform that has already achieved full regulatory and license status in Japan.

Asus Empowers Gamers with Crypto Mining Opportunity

Posted on December 6, 2018December 10, 2018 by Kelley N.

The once pushed with unyielding persistence bitcoin hype has come to a halt. Be that as it may, Asus isn’t content to give the shrug of resignation just yet. The Taiwan-headquartered hardware giant has formed an interesting tie-up with Quantumcloud, bespeaking trust in the blockchain technology. The company is looking to buttress the optimization of idle GPU resources for the purpose of mining crypto coins.

At present, the idea of cryptocurrency still eludes many. Being one of the top dogs in the tech field, however, Asus seems to be privy to insider information not being intimidated by the plummeting exchange rates of all cryptocurrency. By all appearances, the company is not ready to close the book on the innovative payment method. Provided that the partnership with Quantumcloud is brought to fruition, the earnings will still be dependent on the everchanging crypto climate.

What’s Quantumcloud?

In a nutshell, Quantumcloud is a user-friendly secure service that will help you make money on the side. It doesn’t put additional stress on your GPU because it’s designed to intelligently utilize and optimize the excess computing power. In other words, Quantum Clouds makes use of your idle GPU resources to mine cryptocurrency.

Once set up, you can leave the app working in the background and it will do its magic. Especially convenient is the fact that it will automatically transfer any earnings to a WeChat or PayPal account of your choosing. As you may have guessed, this essentially means that you don’t have to register an account or share your personal data. All your sensitive data remains strictly confidential whichever option you choose between WeChat or PayPal.

The app has many great features including but not limited to One Click Sharing and Achievement Bonuses. Inarguably, the real winner is the full GDRP compliance, putting the software in a situation of trust with the sensible gamers. Every bit of the application is designed to be pursuant to the GDRP regulations, thus ensuring the security of all current and future users.

Asus’ Partnership with Quantumcloud Makes for a Streamlined GPU Mining

Jog your memory if you would – when was the last time you tried mining cryptocurrency? The idea of passive income never fails to excite our curiosity, but the execution all too often proves to be more difficult than expected. That’s about to change. With Quantumcloud’s comprehensive mining app, you can easily manage everything and monitor your progress. It comes with a bunch of tools like real-time stats, the already mentioned one-click sharing, you know – the works.

Piling up cash while playing computer games, sounds like a cushy job right? Don’t get super stoked about it. I can cite several reasons why you might not strike gold even if you are an ASUS graphic card owner, but I will mention just a few. Bitcoin has been around the block for a while now and the mining difficulty has vastly increased. Moreover, using GPU resources selectively isn’t going to be all that profitable at the end of the day. Even earning a substantial amount of money through ASIC nowadays is a tall order. So, there’s truth to TechRadar’s words saying that it will be best if you don’t quit your day job yet.

Bitcoin is 10 Years Old Today

Posted on November 1, 2018November 3, 2018 by Kelley N.

Bitcoin is 10 Years Old Today

It seems like just yesterday that the innovative cryptocurrency called Bitcoin made its debut – but, it’s actually be a decade. Today, we celebrate the 10^th birthday of bitcoin, which has made a significant impact on the world of finance.

The History of Bitcoin

It was in 2008 that that domain name bitcoin.org was registered. Then, on October 31, Satoshi Nakamoto published a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System. It was sent out to a cryptography mailing list, describing a “system for electronic transactions without relying on trust”.

By the start of 2009, the bitcoin network was finally launched. The value of the first bitcoin transactions were determined by users on a bitcoin forum and one of the first transactions was used to indirectly purchase two pizzas from Papa John’s for 10 000 BTC.

In 2013, Coinbase became the first bitcoin-based payment processor. Within a month, the network sold $1 million worth of bitcoin at a cost of $22 each. Several companies even started accepting bitcoin as a method of payment, with OKCupid and Foodler putting it on the map.

The next year, we started seeing online gaming and casino companies starting to embrace bitcoin. Zynga announced it would begin accepting the cryptocurrency for the purchase of in-game assets while a few casinos in Las Vegas started doing the same. Through to 2017, there was a significant increase in the number of companies accept bitcoin as a form of payment.

Still Not a “Real” Currency

Perhaps the most surprising thing about bitcoin after 10 years is that it still isn’t a real currency. When the cryptocurrency made its debut, it was thought that it would eventually be embraced as an official way of making payments – but that simply isn’t the case.

According to finance experts, bitcoin is more akin to gold than it is to money. It is collected for its value and its rarity makes it previous. Investors trade it in order to profit from its increase in value over time. With a single bitcoin worth over $6000, it has become a very valuable commodity, especially for those who purchased it when it was just $1 10 years ago.

So, we have to wonder if bitcoin will ever become an accepted form of traditional currency. Experts believe that the bitcoin network is too technical for general consumers to understand, which means that banks and governments will have to step up and regulate the market – but that has yet to happen.

We seem to be getting close, though. Recently, Goldman Sachs has started to register clients for its brand-new bitcoin trading desk. With an official bank recognising the cryptocurrency, there is still hope that bitcoin will soon become an accepted and mainstream payment method for consumers around the world.

Bitcoin Cardroom Launches “Green” High Five Tourneys

Posted on October 18, 2018October 18, 2018 by Kelley N.

America’s Cardroom is taking advantage of the expanding legalization of marijuana with a new set of tournaments themed around the drug. With the news that Canada has joined states like California, Nevada and Colorado in allowing the recreational use of marijuana, now seems to be a good time to appeal to poker players who enjoy the occasional toke.

High Fives All Around

It’s called the High Five Tournament, and it will take place from October 31^st to November 4^th. Every day that week, players will be able to take part in events with a total prize pool of $1.5 million. During the main event, the guaranteed prize pool is – you guessed it – $420 000.

It’s an interesting way to promote an online poker tournament, and we’ve never seen it done before. However, it is known that poker players do enjoy some recreational marijuana use while grinding it out online, so this event is sure to appeal to a niche market. In fact, the taglines are pretty catchy:

‘Stock up on munchies, Smoke the tables’
‘Trick or Treat – It’s munchies time’
‘Instead of candy, we are handing out the green’.

How could you resist? There is even going to be a “courtesy break” at 4:20 each day.

A Popular Cryptocurrency Poker Site

In addition to being popular with marijuana smokers, America’s Cardroom and other sites within the Winning Poker Network are also the first choice for cryptocurrency users – enhancing their appeal with two niche markets. In fact, over 60% of users at WPN sites use cryptocurrency to make their deposits.

In 2015, WPN sites were some of the first to embrace cryptocurrency technology. They have always promoted the use of it in the online poker world, and are now beginning to reap their rewards. With more and more poker players preferring the use of bitcoin when playing poker online, sites like America’s Cardroom are well-positioned to become leaders in the gaming market.

Cryptocurrency has continued to gain popularity among online poker players thanks to its ease of use, anonymity and speed. Players don’t have to worry about any of their personal details being shared when their make deposits, and the standard processing times for credit cards and e-wallets don’t apply so players can have their withdrawals processed instantly.

We’re only going to see bitcoin gain an even larger presence in the online poker market in coming months. As sites like America’s Cardroom continue to promote the use of cryptocurrencies in the online gaming world, we’re sure that bitcoin will soon become a staple at poker rooms across the web.

BitcoinPoker.us

Tag: bitcoin

Exploring the Secure Side of Crypto Poker

Lots of Lessons

The Key

Online Gambling Rise Continues Amid Surge in Crypto Activity

Big Promises

High Hopes for Bitcoin in 2021 As It Soars to Record-Breaking Heights

High Hopes for 2021

The World of Crypto and Poker in 2020 And Beyond

How Will It Impact Online Poker?

Giving Users Full Control

SwC Poker: The World’s First True Bitcoin-Only Poker Game

Bitcoin 3.0

Is BTC Gambling Still a Lucrative Investment Opportunity?

What 2019 Has in Store

Blockchain Poker Tournaments

Crypto Mining Businesses in Japan and China Close Up Shop

China’s Bitmain to Pull the Plug

The Situation in Japan

Asus Empowers Gamers with Crypto Mining Opportunity

What’s Quantumcloud?

Asus’ Partnership with Quantumcloud Makes for a Streamlined GPU Mining

Bitcoin is 10 Years Old Today

Bitcoin is 10 Years Old Today

The History of Bitcoin

Still Not a “Real” Currency

Bitcoin Cardroom Launches “Green” High Five Tourneys

High Fives All Around

A Popular Cryptocurrency Poker Site

About

Gamble Responsibly

Safe & Secure