During a roundtable at Korea Blockchain Week (KBW) 2024, Solana Foundation’s executive director, Dan Albert, addressed concerns about the Solana network’s decentralization following a recent incident where a critical vulnerability was patched quietly by validators.
On August 9, a Solana validator named Laine highlighted a severe vulnerability that could have potentially halted the network. To prevent any exploits, the validators coordinated a patch in secret, fearing that public disclosure could allow an attacker to reverse-engineer the vulnerability and compromise the network. This behind-the-scenes coordination led some to question the network’s decentralization.
In response to these concerns, Albert explained at the KBW 2024 that the deployment of the patch was a necessary response to a security threat that could have “potentially caused a liveness issue on Solana mainnet.”
However, Albert strongly countered the notion that this action implied centralization. He stated:
“Regarding your question of decentralization, I think it’s important not to confuse centralization with the ability to coordinate. There are 1,500 block-producing nodes all over the world that are operated by almost as many individuals.”
Albert acknowledged that some companies operate multiple nodes, but emphasized that the coordination of the patch was a matter of communicating with active community members and node operators within the ecosystem. “We’ve spoken with them on occasions for other things,” he added.
He also highlighted that the validators independently choose the software they run, noting that the patch was open-source and that the Foundation never mandates running closed-source software.
“The ability to communicate with them, or some of them, voluntarily, is not to be confused with centralization,” Albert reiterated.
This incident isn’t the first time the Solana network has faced accusations of centralization. In 2022, a community member criticized the network as overly centralized, likening it to “another version of the traditional system.” Despite these claims, Solana-based DeFi firm Unstoppable Finance defended the network, asserting that Solana’s validator count is comparatively high and promotes greater decentralization than many realize.
Transak, a prominent Web3 payment infrastructure provider, has partnered with Soneium, an innovative Ethereum layer 2 solution crafted using the Optimism protocol. This collaboration aims to facilitate the entry of mainstream users into the Web3 space, focusing on sectors such as gaming, music, and more. Soneium’s launch was initially announced on August 23.
Transak is now integrated into the Soneium ecosystem, enhancing access to projects and tokens launched on Soneium for global users. Known for its extensive reach, Transak services over 350+ apps and 5.7 million users. Its payment system, operational in over 160 countries, allows users to transact using common methods like credit cards, debit cards, Apple Pay, and Google Pay, thus bridging the traditional Web2 and the emerging Web3 technologies.
Sota Watanabe, CEO of Startale, expressed enthusiasm about the partnership: “Our team is working closely with Transak, who share the mission to go Mainstream with Soneium. Transak’s dedicated solutions for multiple industries will empower developers to build innovative solutions, and we look forward to supporting the development of groundbreaking projects on Soneium.”
This integration is particularly significant for the gaming industry, offering gamers a fluid experience in purchasing, trading, and transferring in-game assets and NFTs through familiar payment methods. Transak’s tiered KYC process and localized payment options simplify microtransactions, enhancing the overall gaming experience and fostering broader adoption of blockchain technology.
“We are thrilled to collaborate with Soneium in shaping the future of the Web3 ecosystem. By leveraging our robust payment infrastructure, we aim to make blockchain technology more accessible and inclusive for millions of users worldwide. This collaboration underscores our commitment to bridging the gap between Web2 and Web3, empowering industries such as gaming and entertainment with innovative solutions that enhance user experiences and drive digital transformation,” said Sami Start, Co-Founder and CEO of Transak.
Beyond gaming, the partnership promises to revolutionize the entertainment industry. Musicians, filmmakers, and other content creators will find new opportunities to distribute and monetize their work, with blockchain technology ensuring transparency, security, and fair compensation.
The cryptocurrency market currently comprises over 13,000 different coins, many of which emerged during the 2018 Initial Coin Offering boom. A lot of crypto projects have died over the years, others have come to take their place, and a select few have managed to stay alive and even thrive through all of the ups and downs that the crypto market has experienced so far. So, it would be rather unfair to equate Bitcoin with crypto, as many people still do.
And yet, if we scour the market and look at the figures, it’s obvious that Bitcoin has always had the upper hand and continues to be the center of attention. The majority of traders and investors prefer to learn how to buy Bitcoin over other cryptocurrencies, despite the numerous other options that populate the market. It’s as if there’s only one coin that truly matters and the rest are there just to fill in the void and give it context.
If you ask average people who have no particular interest in the cryptocurrency landscape to name one crypto other than Bitcoin, they probably wouldn’t know what to reply. This reflects the collective perception that Bitcoin and crypto are one and the same thing. But does this mean that one should look no further than Bitcoin when considering digital assets or is this just a restrictive narrative that prevents one from seeing the woods for the trees?
It’s all about Bitcoin
Crypto assets are a dime a dozen, yet Bitcoin shines brighter than the rest, so much so that it often makes people ignore the existence of other cryptocurrencies. The figures say it louder than any explanation one can provide in this respect. Bitcoin is the largest crypto available, with a market cap of over $1 trillion at the time of writing, with its dominance standing at over 50%. This means Bitcoin commands more than half of the market and its hegemony continues to increase.
If we place Bitcoin in a larger context and compare it to other assets outside the crypto realm, its scale is even more impressive. After its most recent bull run, Bitcoin’s market cap exceeded that of silver, pushing the leading crypto to the eighth position in the global asset ranking. the crypto leader had already topped Meta’s market cap and if its ascent continues, the next company that will cruise by is going to be Alphabet, the holding company of Google.
Going back to the crypto space, the entire market seems to revolve around Bitcoin. This comes as no surprise since Bitcoin was the first decentralized currency to be invented, laying the foundation for the development of the crypto industry of today. Even now, 15 years since its launch, Bitcoin’s first-mover advantage keeps it in the lead, underscoring its unwavering influence.
The trailblazing crypto sets the tone for crypto, serving as a bellwether in the industry. Judging by its price history, Bitcoin’s movements appear to dictate the price trends of all other assets and thus control what happens in the market. Wherever the leading asset goes, the rest of the coins follow. When Bitcoin goes on a bull run, the altcoins increase in price as well and when Bitcoin’s value plummets, the altcoins’ prices take a hit as well.
Even the way digital currencies are categorized makes it obvious that Bitcoin is the center of gravity in the crypto market. Altcoins stands for alternative coins, encompassing all cryptocurrencies that are not Bitcoin. This classification uses Bitcoin as a reference point, inducing the idea that the crypto market is made of Bitcoin and the rest.
Crypto beyond Bitcoin
We also need to take a look at the other side to maintain a balanced view of the market. The second-largest crypto in the market, Ethereum, is nowhere near Bitcoin in terms of value, popularity and market capitalization. With an all-time high of $ 4,891 and a market cap of 430.76B, Ether has established itself as the leading altcoin and a hub of innovation in the cryptoscape. However, neither its unique features nor its massive potential has helped the groundbreaking platform to reach the heights that Bitcoin has reached, proving it’s probably true that nothing can grow in the shadow of a big tree.
On the other hand, we can’t deny that many traders and investors also take a keen interest in altcoins. It might be a Bitcoin world, as far as crypto goes, but the famous asset is not alone in its quest to reach mainstream acceptance.
When an innovation takes off and becomes successful, it’s normal for others to try to mimic its success. That’s how altcoins came to be. Every crypto project launched after Bitcoin was modeled in one way or another after the original asset. Some are superior to Bitcoin in certain aspects and have more advanced features and use cases that Bitcoin lacks. So, in the same way students often surpass their master, one of the altcoins might be able to outdo Bitcoin one day.
Besides, if anything were to happen to Bitcoin, it would be good for crypto enthusiasts to keep an eye on the rest of the market and have a plan B. And even if Bitcoin continues to thrive, some altcoins might still prove useful, providing utility in different areas than the main coin.
Final thoughts
Bitcoin might not be the only digital asset worthy of attention but it is certainly the most powerful of them all and the stranglehold it has on the crypto market is as evident and strong as ever. With the passage of time and the ongoing development of the crypto industry, its influence might weaken. Digital currencies are still young and there’s no telling how they will change as they mature.
However, for the time being, the crypto king remains in a category of its own, overshadowing every other asset that has emerged in its wake. Considering its current standing and influence, it’s going to be extremely difficult if not impossible for a different crypto to come close to or surpass its performance.
Crypto traders have identified a pattern on Bitcoin’s price chart that could potentially signal a move toward reclaiming its 2021 all-time highs.
In an analysis video dated Aug. 24, the pseudonymous crypto trader Mister Crypto highlighted the Bitcoin price chart, noting that if Bitcoin breaks above the $64,000 level, it is “very likely” to return to the $68,000 level, a price point it hasn’t seen since July 30.
The approach to $68,000 would likely lead traders to speculate on whether Bitcoin could surpass its 2021 all-time high of $68,991, a key benchmark closely monitored as 2024 unfolds.
As of the time of publication, Bitcoin is trading just above the $64,245 mark, based on CoinMarketCap data. However, it only broke through the $64,000 level on Aug. 23 for the first time in 20 days and struggled to hold above it, subsequently retracing back toward $63,500.
The breakthrough followed dovish comments from U.S. Federal Reserve Chair Jerome Powell, which further increased confidence among U.S. investors that interest rate cuts are imminent, although Powell did not provide a specific timeline.
Earlier, $64,000 was seen as a significant support level for Bitcoin after the approval of spot Bitcoin exchange-traded funds (ETF) on Jan. 11. However, a recent downturn on Aug. 5, dubbed “Crypto Black Monday,” turned this level into resistance.
Mister Crypto cautioned investors that Bitcoin’s price is unlikely to make significant moves over the weekend and may consolidate around its current level.
Meanwhile, crypto trader Elja told their 684,400 X followers, “It’s time for bulls to push Bitcoin towards $68K-$70K.”
Elja’s optimism is partly based on the relative strength index (RSI), which indicates that Bitcoin’s price is not overbought yet. When the RSI is above 70, it suggests a potentially overbought market, while below 30 indicates a possibly oversold market.
Currently, Bitcoin’s RSI stands at 66.11, according to Bitbo data. During Bitcoin’s all-time high of $73,679 in March this year, the RSI surged to 79.
Online entertainment has tripled over the past years. Research shows that there is a 9.8% growth rate in online gaming across the globe. This is a huge figure that likely makes sense to you, doesn’t it? If you think about how much time you spent on online games say five years ago, versus now, you’d likely see a 45% increase, wouldn’t you? This movement toward a more digital future has resulted in online games needing to do as much as they can to stay relevant and not get lost in the crowd.
One entertainment form that has truly grown significantly is that of online casinos. These digital wagering platforms are as popular as ever and you’ve likely played on one or two but perhaps never taken the ultimate lurch into this world. If you’re interested in this industry, there are certain factors that you need to keep in mind when navigating your first few steps in this terrain.
Look For Licenses and Reliability
Safety is the first thing you’re going to want to invest some time in. You want to make sure that you play on a site that is licensed and reliable. In the beginning, it might be difficult to find your feet because you do not know what you are looking for, so here’s a few reliable ones you can try online just so that you can see what reliable and licensed games are meant to look like. Once you feel more at ease, you can then expand and look into whichever games suit your fancy.
The nice thing that you can take into account with licensing is that the online platform must legally have a note on its platform that specifies this. In the UK for example, you can get in touch with the Gambling Commission Board if you want to see whether the site you’re interested in is registered or not. It’s easy to contact them, you can either give them a ring or simply send them an email and then await their reply. You can do this as often as you like as they are a public service whose aim is to make sure that you are operating reliable games at your leisure. Every country has its own board that you can contact.
Safety might not sound as exciting as you thought online casino games were going to be but honestly, it is the most important thing.
Ensure Game Variety and Immersive Experiences
Another thing that makes casino games interesting and something you should certainly look out for is game variety and immersive experiences.
If you sign up with a game, you must first make sure that the platform has loads of games on offer. The benefit of doing this is that you won’t be bored on the site. It will ensure that you can play to your heart’s content without ever getting to a point of boredom.
There are quite a lot of negative things about the world becoming so technically advanced but one thing that’s good about it is that as a player, you get to demand exceptional game features and see a more accessible gaming nature. If you’ve never played an online casino game before, you might not know that many moons ago, they only really had blackjack and poker on them. However, now, there are so many games, ranging from different slot games, plane games, golf games and the list goes on. You can bet on any of these games, which is the fun part for you.
You have likely noticed how immersive technology has become. If you want to entertain yourself to the 9th degree, then you should look for games that feature artificial intelligence (AI) and virtual realities (VR). You should be able to see if a game features AI as the game will be more intuitive than others you play. Another thing you can do is get yourself a set of VR goggles or headsets, as this will transport you into the actual game. It’s a fun way of diving into the immersive nature of games, without ever leaving the comfort of your home.
What Do Fellow Punters Say About The Game
The last thing that should be interesting to you as a player is what other players have to say about the game.
Reading other’s testimonials and reviews is crucial to your success online and brings about many benefits. One of the main benefits is that you get to see what others think of the game objectively. Seeing what a game says about itself is interesting, yes but do you actually think it’s objective? Not really because the platform wants to sell you on their idea so they are going to say whatever they can to get you on their site. This is why seeing what players who have no skin in the game say about the game is a far more trustworthy source.
Another huge benefit is that you get to see what the game is about before investing in it. If you see that players think the game is amazing and a whole lot of fun, then you can take the time to sign up and start playing the game. But if others say that the game often lags or is uninteresting, then knowing this beforehand saves you time and energy.
There you have it, some of the most important things to keep in mind when starting your online casino journey.
On the 7th of August, The Financial Conduct Authority (FCA) issued a detailed report exposing widespread non-compliance among cryptocurrency firms with its marketing rules. The report and press release detail the findings of a comprehensive review into how well firms are abiding by the new crypto marketing regulations, which were introduced in October 2023.
The 2023 regulations were intended to protect consumers from the unpredictable nature of crypto investments. They imposed strict requirements on firms promoting crypto products and services. Most notable among the complicated regulations was the mandatory inclusion of risk warnings, cooling-off periods, and suitability assessments. However, the FCA’s recently published findings show that some firms have failed to comply with the requirements.
In the UK, the requirements of the FCA are gospel for financial businesses. That said, it is understandable for firms to have struggled to adjust to new regulations, as they were introduced suddenly. The recent FCA review paints a grim picture, but there is still time for businesses to course correct and comply. In 2018 UK gamblers found themselves in a similar position when Gamstop was introduced. Many found it to be unhelpful, distracting, and frustrating. In the years since, UK consumers have adapted by using offshore platforms, which avoid the UK’s Gamstop regulations, by operating outside of the jurisdiction of the FCA. This doesn’t mean such platforms are unregulated. Rather, they simply adhere to the rules of foreign licensing bodies. This means that casinos not on Gamstop still ensure player safety, just without compromising the gameplay experience.
The aim of the programme was to reduce risk, and that’s exactly what the recent FCA review also set out to do. Indeed, the most common issue highlighted in the FCA review is the failure of many firms to provide clear risk warnings to potential investors. By omitting or downplaying the risk associated with cryptocurrency, the FCA believes that firms are putting investors at risk.
Perhaps more concerning, however, is the widespread disregard by many firms for the mandatory 24-hour cooling-off period. The idea behind this rule is to give consumers time to reflect on their investment decisions. By ignoring this requirement, firms are robbing their clients of the chance to sleep on their choices.
Finally, the review has revealed subpar efforts to carry out suitability assessments for their clients. Under the new rules, firms should be assessing individual potential investor’s financial circumstances and risk tolerance before doing business, as crypto is deemed a high-risk investment. This is to ensure that vulnerable people do not financially self-harm. The FCA believes that firms who have failed to comply are displaying a disregard for consumer protection.
The regulator has made it clear in its recent press release that disregard for the rules will not be tolerated. Moving forward, firms found to be in breach of 2023’s updated regulations will face hefty fines and the potential revocation of operating licences.
Moving forward the FCA urges firms to prioritise consumer protection and to work together to help raise industry standards. While the crypto industry is experiencing promising growth and exciting innovation, firms should be mindful that progress must not come at the expense of ethics.
While the report highlights the failings of some firms, it is very much worth pointing out that most have demonstrated good practices and compliance. Many firms have even gone beyond the minimum requirements, showing a real commitment to customer protection.
The FCA has commended these firms for their proactive approach and has encouraged others to follow their example. By highlighting examples of good practice, the regulator aims to achieve industry-wide improvement.
The crypto industry is a dynamic landscape where blockchain technology constantly evolves. First, it has to be that way to stay relevant as the pioneering tech for the future of finance.
Second, it’s an industry that embraces the philosophy of one of the greatest NASCAR drivers of all time: Ricky Bobby.
“If you aren’t first, you’re last.”
To be the best, strategic leadership makes all the difference. Jiritsu has appointed Brian Johnson as its new Chief Strategy Officer (CSO). This appointment is expected to influence both the company and the broader industry. Here is what it all means for Jiritsu and the crypto sector.
A New Chapter for Jiritsu
Jiritsu has carved a niche for itself as a leader in blockchain, AI, and real-world asset integration. The addition of Brian Johnson as CSO marks a pivotal moment for the company, indicating a seismic shift in its strategic direction.
Known for his sharp acumen in crypto investments, Johnson’s leadership is anticipated to propel Jiritsu into new realms of innovation and growth.
Brian Johnson’s involvement with Jiritsu isn’t entirely new. His association dates back to Republic Capital’s seed investment in the company, where he played a crucial role as a strategic partner.
That collaboration laid a strong foundation for Johnson’s transition into his current role. His past engagement with Jiritsu has created a seamless shift, providing a sense of continuity and optimism for future endeavors.
Who is Brian Johnson?
Brian Johnson is not just another executive in the crypto world. He’s a distinguished figure known for his strategic foresight and investment prowess.
As Senior Director and Head of Crypto Investments at Republic Capital, he has shaped and executed successful investment strategies. His track record includes backing renowned ventures like Dapper, 1inch, and Avalanche, to name a few.
Johnson’s reputation as a visionary is underscored by his ability to connect people and ideas.
Industry leaders have acknowledged his influential presence, including Jiritsu’s Co-Founder, Asher Gottesman, who describes Johnson as “the greatest connector the crypto space has ever seen.” Such endorsements highlight the impact Johnson is expected to have in his new role.
Johnson’s Role Within Jiritsu
The move is set to elevate Jiritsu’s capabilities. His experience steering over 40 crypto ventures positions him as a strategic asset for Jiritsu, particularly in integrating off-chain data with blockchain and AI technologies.
His vision aligns with Jiritsu’s mission to lead in Layer 1 and Layer 2 solutions, decentralized AI, and real-world asset integration.
Johnson aims to make Jiritsu a standard-bearer for its ZK-MPC technology. He envisions protocols leveraging this tech to next-level their systems through superior compute, automation, and data integration. This ambitious vision has the potential to redefine industry standards and place Jiritsu at the forefront of technological innovation.
Driving Jiritsu’s Mission Forward
With Johnson at the helm of strategy, Jiritsu is poised to strengthen its position as a major player in the space. His leadership is expected to build new partnerships and open new pathways, driving the company’s mission forward.
Johnson’s unparalleled connectivity and strategic acumen promise to unlock possibilities for Jiritsu and its stakeholders.
The company’s evolution under Johnson’s guidance is supported by its comprehensive end-to-end solutions and strategic partnerships.
Collaborations with entities like Susquehanna and Brinks further bolster Jiritsu’s capabilities, ensuring compliance and flexibility in its offerings. Powered by the Avalanche Cloud, Jiritsu’s Unlimited Verified Compute (UVC) framework exemplifies its commitment to cutting-edge technology.
Always Building for the Future
Jiritsu is a pioneering Layer 1 blockchain platform that incorporates a native ZK-MPC oracle to support real-world assets. The protocol allows users to orchestrate and verify complex computational workflows secured by advanced computational engines and a workflow manager.
With over 3.5 million proofs live, Jiritsu continues to empower its users and expand its influence in the blockchain space.
Meanwhile, Brian Johnson’s appointment as Chief Strategy Officer marks a transformative moment for the company, with implications for Jiritsu and the broader industry.
His extensive experience in crypto investments and proven track record of connecting innovative ideas with strategic execution positions him to lead Jiritsu into a future defined by growth and technological advancement.
As Jiritsu solidifies its role as a leader in integrating blockchain, AI, and real-world assets, Johnson’s vision promises to establish new industry standards and build new, meaningful collaborations.
Blockchain technology that facilitates cryptocurrency payments is typically much quicker than the average transaction times processed by most other online payment processing companies, and the higher levels of encryption used during crypto payments also make transactions more secure.
However, hundreds of fully licensed and regulated iGaming sites still don’t accept cryptocurrencies, which means it is still not the top payment option at online casinos. Let’s dive in to find out why so many online casino operators still don’t accept crypto payments from fully registered members.
Why do some sites still not accept crypto payments?
Online casino operators must obtain the necessary licenses to operate in certain markets/jurisdictions. To legally operate in the United Kingdom, businesses must be licensed and regulated by the UK Gambling Commission – the main governing body/gaming commission that oversees all legally permitted gambling activities in this region.
The UK Gambling Commission has not ruled out using Bitcoin, Ethereum, Tether, DogeCoin, Litecoin, XRP, Stellar, Solano, or any other legitimate cryptocurrencies to play the best UK slots at UK-licensed online casinos. A page even states that they ‘can’ issue operating licenses to businesses that receive crypto funding.
However, due to the very decentralised nature of cryptocurrencies and blockchain technology, it’s impossible for the casino operator to prove/verify where it receives its source of funding when cryptocurrency is involved, which contradicts the United Kingdom Gambling Commission’s policy of transparency of funding.
Therefore, for the time being, we are unlikely to see this gaming commission granting licenses to crypto-accepting sites that allow players to deposit and withdraw via this method.
In other words, if you want to play at trusted sites like Unibet, you will first need to convert your cryptocurrency into fiat currency, which, in this case, would be GP Pound Sterling (GBP).
Which payment methods can UK online casino players use for deposits and withdrawals?
Each site is different in terms of which payment methods it accepts. However, UK-licensed casino site operators tend to cater to a wide audience by accepting several highly secure and popular online payment methods (traditional online payment methods and alternative payment methods.
When you sign up to play online casino games in the real money mode, some of the most commonly accepted deposit and withdrawal options include the following:
- Trustly and other instant/direct bank transfer options
- Debit cards, such as Visa and Mastercard
- Paysafecard prepaid card
- eWallets, such as Neteller and Skrill
- Mobile wallets, such as Apple Pay
The minimum deposit amount is typically either £10 or £20, depending on the casino and your deposit method. Deposits are processed instantly, and withdrawals usually take no longer than a couple of hours to be processed.
To deposit on a UK-licensed site, you must be at least 18 years old and have an active account on that site. It takes less than a minute to sign up to most UK online casinos and to prove you are of legal age and who you say you are, you must also be prepared to complete the account verification process known as KYC (Know Your Customer).
Final thoughts
There may come a time when UK online casinos start accepting cryptocurrencies, but it won’t be any time soon. If you sign up to a UK online casino to play games in the real money mode, remember to gamble responsibly at all times.
iGaming operators today provide a range of safer gambling tools that players are advised to use to ensure they remain within their budgets. For example, some of the most effective gambling controls used by UK players today are win/loss limits, session time reminders, and deposit limits.
Gambling responsibly also means never playing while tired or intoxicated, learning game rules before playing, and never playing games or placing bets out of sheer necessity.
As we delve deeper into the digital age, the crypto online gaming industry is seeing transformative growth. In 2024, the global online gambling market is about to reach an impressive value of about $97.7 billion, and expected to grow to nearly $133.6 billion by 2029. Notably, the crypto gambling sector has gained substantial traction, marking $250 million, a figure set to rise as cryptocurrencies continue to redefine the traditional gaming landscape.
This article explores emerging trends shaping the future of gambling with crypto and focuses on Fairspin Casino, a pioneering leader in this evolving realm.
Digital Dice: Today’s Crypto Casino Scene
Currently, the crypto online gambling landscape is characterized by rapid advancements and the adoption of new technologies. The market has become increasingly competitive, with major players like Fairspin Casino leading the charge.
Fairspin, established in 2018, has set itself apart through its innovative use of blockchain technology, enabling secure, transparent transactions. The platform stands at the forefront of the online gaming revolution while offering a diverse array of over 9,400 games, sports betting, live dealer options, and tournaments.
As Poly, Fairspin’s Community Manager, highlights, “At Fairspin, we aim to provide more than just a gaming platform. We’re an ecosystem where players can truly benefit from their passion and even multiply their assets, staying safe”.
What To Expect: Emerging Trends for 2024
As of 2024, several emerging trends are set to shape the future of crypto online gambling. One significant factor is the increasing adoption of blockchain technology. In the realm of gambling with crypto, transparency and fairness are paramount.
Blockchain facilitates an environment where players can independently verify the fairness of games, thus enhancing user trust. Industry projections suggest the blockchain game market will grow at a CAGR of 40% in the next 5 years. This trend is a testament to shifting consumer expectations and demands.
Moreover, approximately 25% of online gambling activity is expected to occur on Decentralized Finance (DeFi) platforms in 2024. DeFi is revolutionizing how casinos operate and engage with players. Player engagement becomes more direct, offering peer-to-peer gambling. Smart contracts make it possible without needing third parties.
As video gaming merges with finance, the Play to Earn model is anticipated to gain momentum, with the global market expected to soar up to 24.9% by 2030. This emphasizes players are looking for ways to earn while enjoying their gaming experiences, reshaping the traditional gambling model.
Passive Income: Staking Your Crypto
Staking has emerged as a valuable mechanism for generating passive income. Traditional staking involves locking up assets to earn rewards while supporting network operations. Historically, staking yields higher returns, generally ranging from 5% to 20% annually, based on factors such as market conditions and network rewards.
At Fairspin, the introduction of the Liquidity Staking program allows players to engage in staking with their TFS Tokens alongside USDT. This innovative approach promotes liquidity in the TFS-USDT pool while distributing rewards linked to Fairspin’s Gross Gambling Revenue (GGR).
With participants owning the flexibility to choose their staking duration and retain liquidity, the Liquidity Staking program is a prime example of how crypto casinos are adapting to the demands of modern players, emphasizing both security and profitability.
Bonuses and Promotions: The Best Offerings
Bonuses and promotions are crucial in the competitive landscape of crypto online gambling, and Fairspin excels in this area with its generous welcome package. This offering include a sign-up bonus of 200 TFS Tokens for new players and welcome deposit bonus up to a 450% bonus on the fourth deposit, along with 140 free spins.
Players also benefit from a 5% weekly cashback on net losses, a Wheel of Fortune feature, providing chances to win daily TFS Tokens and other regular promotions. The loyalty program at Fairspin has 10 VIP club levels where dedicated players can gain escalating rewards tailored to their gaming activity.
Enter The Future Of Crypto Online Gambling
The future of crypto online gaming is bright, marked by continuous innovation and unprecedented opportunities. With Fairspin leading the charge through its unique staking programs and engaging bonuses, now is the perfect time to dive into the world of gambling with crypto.
Join Fairspin today – experience a new level of online gaming at the forefront of the digital revolution.
Digital currencies are becoming more influential, prompting political campaigns to adapt. Former President Donald Trump’s recent endorsement of cryptocurrency and Vice President Kamala Harris’s stance have brought digital assets into the political spotlight.
Candidates find the expertise of Baden Bower’s crypto PR services invaluable in this new arena.. Baden Bower’s political messaging and cryptocurrency knowledge help candidates create clear narratives, connect with tech-savvy voters, and manage crypto donations.
The Political Shift Toward Cryptocurrency
Donald Trump has moved from skepticism to support for cryptocurrency. Trump shared his goal at a Bitcoin conference in Nashville: to make the U.S. the “crypto capital of the planet.” He proposed easing regulations and establishing a national strategic bitcoin reserve. This strategy aims to attract Silicon Valley donors and voters who are heavily involved in cryptocurrency.
Kamala Harris has been more cautious. While the Biden administration has been tough on crypto, Harris’s campaign shows signs of engaging with the industry. This reflects differing views within the Democratic Party, with some members critical of unregulated crypto markets while others support a friendlier approach.
The Role of PR in Crafting Crypto Narratives
Political campaigns need clear crypto policies. PR firms like Baden Bower are essential in this process. Specializing in promoting crypto, NFT, and web 3.0 projects, Baden Bower uses its media contacts and crypto knowledge to create stories that correspond with the public and the media.
“Understanding the essence of a brand or campaign is the first step in crafting a compelling narrative,” says Baden Bower’s CEO, AJ Ignacio. “Building trust in crypto is vital. Our campaigns educate and engage, making complex concepts easy to understand and captivating the audience.”
This method is essential for campaigns targeting younger, tech-savvy voters. Simplifying cryptocurrency and presenting it as a modern financial tool can make campaigns reach a demographic that values transparency and technology.
Baden Bower’s guaranteed publicity services are essential to this process. The firm promises immediate publication on top global news platforms, boosting a campaign’s credibility and visibility.
Managing Crypto Donations and Regulations
Accepting crypto donations presents challenges. Blockchain technology provides transparent and secure donation records, reducing fraud and corruption risks. However, the rules around crypto donations are still changing. Campaigns must handle these issues carefully to avoid legal problems.
Baden Bower’s expertise helps campaigns understand regulations and develop safe, transparent ways to accept crypto donations. “The future of political fundraising is digital, and cryptocurrency is leading this change,” says Ignacio. “We guide campaigns through crypto donations, ensuring compliance and maximizing the benefits of this new fundraising tool.”
Hiring a crypto PR agency like Baden Bower, with data-driven strategies and advanced tech integration, provides campaigns with valuable insights into media trends and audience preferences. This ensures the message reaches the right audience more effectively.
The Importance of Coherent Crypto Policies
Politics and cryptocurrency are increasingly connected. Trump’s support for digital assets and Harris’s cautious engagement show the importance of this issue in upcoming elections. PR firms like Baden Bower assist campaigns in crafting messages that connect with voters and manage the challenges of crypto donations.
“The right PR strategy connects brands to their audience. It’s about creating a lasting impact,” says Ignacio. As political campaigns move into the digital age, the expertise of crypto-savvy PR firms like Baden Bower will be essential for success.