Let me list 5 countries where the Online Gambling is legal and flourishing :

UK
Japan
Germany
Spain France

source

Honestly I expected to Find more of them.

I would like to quote something in regards to US:

It is never legal to gamble on a website based in the United States. Also, if you are planning to operate an online gambling site, stay outside of the United States. You must also deal only with casino and poker wagers (not sports bets) from people in the US. ... Accepting online gambling advertising is also illegal.

Now the question is : Why should it be legal?
-Better handling of scammers
-Protection for people
-It does bring good revenues for the government
-healthy restrictions regarding age and addictions

Now the people are going to do it anyways they cannot control that part , what they can do is discuss the terms and conditions and create a safe environment.

What do you guys think?
Should the government allow it more openly?

Bitcoin Holders can earn interest following the cred partnership , which was supposed to be Integrated with bitcoin.com , now we are not talking about the site , but the wallet itself , it has been downloaded 11 million times , now for the people out there who are not good with trading and tend to loose a foot while doing that , this might be the perfect opportunity.

The interest can also be credited to the person through stable coins and other cryptocurrencies.

A powerful statement :

Cred’s partnership with Bitcoin.com proves that Bitcoin innovation doesn’t have to occur at the protocol level. By building lending capabilities directly into the Bitcoin.com Wallet, we’ve provided a way for BTC and BCH holders to earn an attractive ROI, while operating within a familiar and secure environment

But again protocol improvement can always be in the line after this . I am certainly aware that we do have a lot of lending platforms but this time coming from Bitcoin.com wallet is something that would gain support of millions.
source

Would you lend your Bitcoins ?
+ For the team for giving opportunity to millions of holders here at the comfort of their own wallets.



Edit: Thank you for letting me know about Roger Ver Scam , as far as I know the investigation was done but apparently the guy said :

Crypto entrepreneur Roger Ver has distanced himself from the unfolding fraud allegations surrounding the BitClub Network. Four members of the suspected Ponzi scheme were this week arrested by US authorities as prosecutors investigate what they allege is a $722m global scam.

Honestly if he was involved then of course this is just another matter , other than that I do think I will keep you guys posted and try out for myself if this indeed is a scam or not .

Please be careful 😸

       
The author of *Rich Dad Poor Dad* has apparently publicly
supported the Bitcoins and at the same time he is giving advice to people to buy bitcoins before the upcoming banking crisis .

Now banks are in a really bad position right now , inflation rates are being apparently pushed by Fed , loans are rising , people are struggling to pay the debt off.

https://cointelegraph.com/news/buy-bitcoin-before-major-banking-crisis-rich-dad-poor-dad-author

-According to him Warren Buffet apparently have chosen  to dump the stocks , which will inturn cause the value to fall drastically , affecting the economic situation negatively.

-At the same time people are aware fo the fact that dollar is hitting lows , which would eventually be bad for the whole world , right now what we are seeing is a bubble waiting to burst .

-Having investments like Gold , Silver , Bitcoins would not only give the person a edge over the system , but their assets can also be protected.

........

What do you guys think ?
Is the decision worth it ?

[might]

If you are thinking of Investing in Bitcoins , now is the time , the hash rate hit an all time high of 130 Eh/s yesterday and we did break through 12k!!

Now in simple words hash rate determines how secure the network is , now resistance of 12k has been already broken and people who brought Bitcoins yesterday are already in profit.

We might start a rally towards 15k

Why is hash rate **all time high** so important ?
                _*_
Well due to halving the small miners had to shut down their business and therefore the hash rate dropped , as predicted since they won't be able to pay for the electricity bills with the halved reward , but major companies involved in Mining did overcome this problem and here we are .
             _*_

It might be the cause of wrapped BTC tokens being popular or even due to the increasing prices of gold which is causing Investors to shy away from investing in the market.

There are a lot of reasons why we are going forward , but at the end of the day I do believe 2020 is going to be a good year for Bitcoins , hash rate has been compensated for and the resistance has been broken.

Invest !! HOLD!!!

What do you think ??

______
https://news.bitcoin.com/bitcoins-hashrate-hits-record-high-130-eh-s-as-btc-price-faces-resistance-at-12000/

*_*

Hello

I wanted to write this post because I recently stumbled across an article where apparently a minor was accidentally allowed in an offline casino and it got me thinking how it would be easier for kids to reach the gambling sites online.

https://www.cnn.com/2020/08/15/australia/australia-casino-underage-gambling-intl-hnk-scli/index.html

This happened in Australia.

I do know of wonderful online casino sites who are taking care of people who are struck by the pandemic at the same time creating a support helpline for the customers.

Few things I would like to discuss here:

1) If KYC along with other information is needed to make sure Minors cannot access the gambling sites , I do think we should support it , until and unless the company agrees to take care of the privacy and data of their customers that I know they happily will.

2) I do think we have to seriously take this matter in consideration , Gambling is a sport , an activity , a leisure for people , I do support it when done in moderation but when it comes to kids , I do think each and everyone of us is entitled to look into this matter seriously.

I want to open this thread to engage the attention of the esteemed online Gambling sites here , so that they can at least give this a thought.

Maybe we need to think beyond KYC, but then again there is a thin line between privacy and regulation , but I do think this matter is of utmost importance.

Please share your thoughts and suggest how we can tackle this issue.

[What is Tokenization?]

According to the reports the Bitcoins are tokenized faster than they are being Mined .
Let us go by some things first :

What is Tokenization?
In simple words token can represent a Tradable and Transferrable value that is acceptable and interchangeable. For example one token might mean 10 BTC , or maybe 15 BTC , so when you exchange the token or use it , you are entitled to use them.
There are many ICO's that also gives tokens to the participants, concept is same.




What is Minted Bitcoins?
When someone does solve the block , they do have the opportunity to actually transfer the reward into an address of their own choice , but first they have to show POW , proof of work , this way they are more like Virgin Bitcoins.

What is wrapped BTC?
It's nothing but ERC20 tokens representing the exact amount of Bitcoins which enables fast transition of ERC20 to BTC . According to the team they are the

first ERC20 token backed 1:1 with Bitcoins

Now let's focus on the article: 
https://www.coindesk.com/wrapped-bitcoin-tokenized-faster-mined-defi

Since Sunday, 1,043 more bitcoins were tokenized through Wrapped Bitcoin than were actually created by bitcoin miners as the Ethereum-based decentralized finance (DeFi) boom shows no signs of abating.

WBTC being created more than the Bitcoins themselves does prove that people are using them more in the market , maybe for the smart contracts and other options that ERC20 does have to offer , not like BTC does not have that but it's harder ..

About 900 bitcoins are mined per day, given the current issuance rate of 6.25 bitcoins minted per block and the target 10-minute block time.

At last check, nearly 31,000 bitcoins have been tokenized on Ethereum, according to Dune Analytics, 75% of which were minted by Wrapped Bitcoin (WBTC).

Ethereum’s supply of tokenized bitcoins hovered below 3,000 until mid May when the rate of new tokens shot up.

The rate of bitcoin tokenization signals the surging demand to use bitcoin in the burgeoning network of Ethereum-based DeFi applications.

“WBTC continues to exhibit strong growth as demand for bitcoin in DeFi has exploded,” said Kyle Davies, co-founder of Three Arrows Capital, in a private message with CoinDesk. “I expect this trend to continue,” he added.

First thing , it's not Bitcoins but at the end of the day , it's supported by Bitcoins , it's backed by Bitcoins this does mean Bitcoins and ERC20 tokens have integrated themselves in a much mutualistic way . This does mean they are supporting each other and we should expect people to get involved with WBTC more.

It's been expected to be a first class asset in some years .

What are your views ?
Have you ever owned and used WBTC?

[Government is embodiment of the shadows of the rich and the wealthy people in the society and chooses to follow them , enabling the Centralization and the corruption to grow when the common man suffers and is restricted from their personal choices in the matters that the government thinks can harm the country or could reduce their power.]

Even though cryptocurrencies like : Bitcoins is legal in India apparently the banks do believe they have a power over the users and there have been statements from the verified users regarding:

1. Paytm freezing bank accounts which are involved in Crypto trading , OR , the accounts they suspect are involved with the trading of cryptocurrencies

2. Axis bank freezing accounts related to Cryptocurrencies

3. Axis banks asking customers to sign how they are not using their bank accounts for crypto trading and such.

https://news.bitcoin.com/paytm-freezes-indian-bank-accounts-cryptocurrency-trading/

Here I would like to extend this news with a statement from RBI:

Crypto trading is not illegal. Banks are not restricted. However banks can act in their own interest, so users are advised to take caution.

Which further shows us how centralized the government is and how users even though are not taking part in any illegal activities can be banned for no reason . Apart from that the bill which is going to ban cryptocurrencies for once and for all has been a matter of combat between the crypto enthusiasts and the Governmental authorities.

_*_

The Government is creating hardships for the people who are living in India and are dependent on the virtual currencies. At the same time people are being tracked , media is doing little or no justice to the image of Bitcoins and other cryptocurrencies , amongst all this how can the Biggest democracy in the world neglect it's citizens.

There are around five million digital currency users in India.

This statement itself shows how the banks and the Government itself is creating mockery of what the kids are taught in school itself :
Government is to the people , for the people , by the people

What the students should be taught is: Government is embodiment of the shadows of the rich and the wealthy people in the society and chooses to follow them , enabling the Centralization and the corruption to grow when the common man suffers and is restricted from their personal choices in the matters that the government thinks can harm the country or could reduce their power.

Bitcoins is here to stay , I do believe that hopefully the Government will realize this and work towards building a crypto friendly economy.

I choose to share this article because I do believe the Indian people who are using their bank accounts connected with the wallets should be careful regarding which bank they are dealing with and try and  clear this out with your banks before they ban your account and you have to run time and again in the office to get your remaining money which is now locked and needs like 100 signatures to be safely transferred to you .

Plus please make sure to see if you bank does allow crypto trading because often we tick every new column that pops up in the online banking every once in a while but fail to see what they might have in board for us.

Plus you can try and use DBS , the online bank account which I am using since 4 years for trading and didn't face any problems till now .

_*_

Another country choosing to stay back.. while Bitcoins by integrating themselves with the economy of the countries accepting the new norm is taking them years ahead . Genuinely.

[It's a technology of the future and I do believe we need young people who are Motivated towards the IT sector to help and run the Government instead of people who are too old to change.]

Is there any future of Bitcoins in India ?

[Why are they rising higher than Bitcoins?]

In a recent article it has been stated how the mining stocks in the US are outperforming Bitcoins even though the price rally of Bitcoins have seen incredible upsurge before jumping into the resistance which I do think will be helpful for people who want to ride the rally in the future.

https://www.coindesk.com/mining-stocks-are-beating-bitcoin-in-a-bullish-cryptocurrency-market

Let's look at some facts first:

Over the past year, two cryptocurrency mining companies – Riot Blockchain and Marathon Patent Group – have gained 97% and over 128 percent, respectively. Bitcoin is up 3% in the same period.

An amazing investment opportunity for the people here .

After reporting less than $5 million for most of July, Riot daily volume also skyrocketed to a record-setting $58 million on Aug. 3 shortly before setting a new yearly high of $4.58.

The figures are clearly stating how it can benefit people by investments in the future.

Why are they rising higher than Bitcoins?

“It’s also natural for mining stocks to rise faster than bitcoin because investors are pricing in a bull market, which could cause revenue to balloon,” Watkins added.

Long gone are the days when Government literally tried to ban the cryptocurrencies and it seemed like we are going to hit the rock bottom.

But now , in 2020 we are seeing what seems like the race to dominate the debit card industry in terms of cryptocurrencies.

https://www.forbes.com/sites/lukefitzpatrick/2020/08/10/a-race-to-dominate-crypto-debit-cards-has-begun/

With the announcement of first crypto debit card being launched till now , where we are evaluating the risks of having a Crypto card for all the transactions this is the future of the society that Government sooner or later has to accept *the fact that crypto market is going to take over the world*

73 views|Aug 10, 2020,08:47am EDT
A Race To Dominate Crypto Debit Cards Has Begun
Luke FitzpatrickContributor
Crypto & Blockchain
I cover blockchain trends and cryptocurrencies.
In this photo illustration a Visa credit card and Mastercard...
POLAND – 2020/01/03: In this photo illustration a

SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES
Halfway through this year, the Wirecard scandal shocked the world. What was once a tech darling, soon became a subject of controversy within financial circles. Before the news came to light, it appeared Wirecard could emerge as a dominant player in the crypto debit card space, but now, as Wirecard’s preliminary insolvency proceedings take place, the race to dominate the crypto card market has begun.


The dark past of crypto debit cards

In June, Wirecard filed for insolvency admitting 1.9 billion euros ($2.1 billion) absent from its accounts was non-existent. Former CEO Markus Braun was arrested and suspected of market manipulation. Wirecard was not the first, and it is unlikely to be the last to face regulatory scrutiny of its business practices in the crypto debit card space.

In 2018, WaveCrest, a worldwide digital payment solutions provider, was ordered by Visa V to close all Visa prepaid cards immediately they had issued. Visa’s demand led to the suspension of many customer’s prepaid cryptocurrency cards in Europe. Visa stated WaveCrest had not been following Visa’s membership regulations but did not offer specifics regarding non-compliance.


During the ICO craze of 2017, Central Tech promised the development of Centra Card, which allegedly could be used at Visa and Mastercard MA terminals to make payments tapping into the customer’s cryptocurrency holdings. The company employed celebrities such as boxer Floyd Mayweather and DJ Khaled to promote its ICO. Experiencing delays, Robert Farkas, co-founder of Centra Tech, pled guilty during this year for securities and wire fraud.

Enterprise lend credibility

In July 2020, Visa posted a blog titled, Advancing our approach to digital currency, in which the company described its vision for digital currency. With plans to partner with many blockchain companies, Visa intends to provide customers with a broad array of technologies:


Work with licensed and regulated digital currency platforms such as Coinbase and Fold.
Create a bridge between Visa’s network of 61 million global merchants and cryptocurrencies.
In an expansion of its current cryptocurrency program, Mastercard is making it easier for companies in the digital currency space to issue branded payment cards as seen recently in a deal with Wirex.

Allows digital currency companies to issue cards on Mastercard’s network.
Wirex became the first native cryptocurrency platform to gain principal membership.
PayPal PYPL has also entered the cryptocurrency market and partnered with Venmo. Soon, PayPal’s 265 million users will be able to buy bitcoin via the Venmo mobile payment app. According to Coindesk, PayPal could begin rolling out bitcoin payments within the next 3 months.

The cryptocurrency industry has also been making progress in the issuance of cards as well. For example, Binance announced recently that its payment card, Binance card, will be coming to Europe in the next year.


On the Europe front, Nike NKE has shown a developing interest in blockchain rewards. Last last year Nike patented CryptoKicks—tokenized shoes on the ethereum blockchain—and partnered with Plutus to offer cryptocurrency rewards on Nike product purchases.

Bitcoin leaving exchanges on record numbers

In the last 2 months, a record number of bitcoins was removed from exchanges. Some investors transferred to cold wallets, others to DeFi, as a means of funding peer-to-peer loans (P2Ps), and earn interest on crypto—much higher than bank interest. However, some exchanges are receiving an uptick in deposits. This could be due to a combination of:

Security concerns: Over the years, several well-known crypto exchanges have been hacked (Mt Gox, Bitfinex, Upbit, etc). This means that there is an inherent risk of storing bitcoins on exchanges—many investors opting to store their bitcoins on cold wallets.
Government intervention: The risk of governments initiating bans and confiscating bitcoins due to global economic uncertainty.
The rise of DeFi: In the first part of 2020, the value of locked-up DeFi protocols increased from $1 billion to $4 billion, and a new concept known as yield farming was primarily responsible.

_*_

There already have been some negative reviews but with the Europe Users getting their first card is it worth the investment ?

Would it be able to stay for the long haul in the economy?

What we are seeing right now is the integration of the cryptocurrencies in the mere essential like *debit cards*, do you think we will be able to make a statement with this step? Or is the negative past of the company going to stop the users from taking a step forward. ?

_*_

I do think it a leap that we see , sooner or later crypto market might normalize and be used everywhere.

[Why is there a problem in the first place ?]

A really interesting topic :

Projected to happen in the year 2106, Bitcoin will suddenly stop running based on the code its network of users is running today. Users won’t be able to send bitcoin to others; miners securing Bitcoin’s global network will no longer serve a purpose. Bitcoin will just stop.

-Bitcoin might die in the year 2106 because of a bug in the code that's been known since 2012

Bitcoin core contributor stated how this has been known since 2012 might known even before it but it does have one simple solution.

Hard Fork

The good news is the bug is easy to fix. It’s a problem Bitcoin developers have known about for years – since at least 2012, maybe earlier, according to Bitcoin Core contributor Pieter Wuille. To some developers, the Bitcoin bug potentially sheds light on the limits to Bitcoin’s decentralization, since the community will all need to join together to fix it.

So we do have some years to fix this problem and find a solution , the community needs to work together if they do want Bitcoins to stay forever.

Why is there a problem in the first place ?

The bug is simple. Bitcoin blocks are the containers within which transactions are stored. Each Bitcoin block has a number tracking how many blocks come before it. But because of a limitation revolving around how block height numbers are stored, Bitcoin will run out of block numbers after block number 5101541.

In other words, at a block height roughly 86 years into the future, it will be impossible to produce any new blocks.

The problem with hard fork is:

Each and everyone running the node and the miners do need to update, if they don't , they will be excluded therefore it can only be successful if everyone worked together .

In the same article the author explains how Bitcoins might get ossified over time , which would in turn make it harder to change things in the future , therefore this issue needs to be addressed too .

This was personally very interesting for me since I had no idea that something like this might happen if change wasn't made on time , what are your thoughts on this ?

https://www.coindesk.com/fixing-this-bitcoin-killing-bug-will-eventually-require-a-hard-fork

I very recently read a news regarding how one has to prove that , they can afford the loss of even 100 euro.

https://bitcointalk.org/index.php?topic=5266925.msg54941310#msg54941310

Now I was going through the news and found some indepth idea of how the casinos will be regulated online. The one am sharing is regarding the slot games being regulated online in Great Britain.

https://www.gamblingnews.com/news/slot-games-in-gb-to-receive-betting-and-deposit-limit-suggests-a-new-report/

-Mandatory limit between 1£-5£
-Soft cap of 100£ monthly

This changes a lot of things like :

Gambling content
Gambling affordability
Licenses for gambling
Gambling tax
The regulatory framework for gambling

This is paving a new way towards centralization of online Gambling sites by the government.

The report suggests the implementation of controls for online (remote) gambling. According to the paper, limits on both stake and speed of play need to be introduced. Online slots should have limits of £1 and £5 per bet. On the other hand, according to the report, non-slot content should receive limits on game design. This is because if non-slot content receives bet limits, it may become: “commercially non-viable.“

_*_

The authors of the report further outlined a suggestion for the implementation of a “soft cap” limit of £100 per month on deposits. According to them, this amount represents the sum of what gamblers spend but it also introduces a “socially acceptable” spending limit per threshold. Such limit ensures that spending on gambling does not exceed poverty thresholds for lower income households, says the report.

^ This one I might agree with somehow , as it will control the gambling addiction but at the same time it won't stop people from using other methods to gamble . They will just hide it from the government and use sites which doesn't follow up and end up getting scammed.

But 100£ cap is too low.

According to them they are looking forward for controlling the gambling of low income households and for the high income households they want to show them how they have to control their habits of gambling per-se

People are not bots.
They are very aware of what they are doing at the same time they could have opened the care system or something for them instead of controlling them like this , Because at the end of the day they cannot influence each and everything just like that .

It is done with good intentions but forcing people to follow rules will never go well with anyone.

What is your take on this ?

This news actually paves a way further into how the governmental bodies plan on regulating the online casinos especially the crypto ones .

Since the casinos opened in the June , even though the cases of Corona virus were rising and it was deemed a bad idea by most , unfortunately the regulations did not go well.

Now the small business based casinos have urged the Government to spare them of Lawsuits that might cause their whole business to shut down.

Lawsuits like *I got infected here , there was no sanitization* and boom , you are in the news and finally the casino needs to be shut down.

Now I do think this will be very unlikely that Government will make an exception regarding this since time and again we have seen that people don't follow the rules themselves , most of them don't even know how to use the masks , what did the casinos expect ? This was bound to happen . That is the whole reason why online casinos and gambling sites are fluorishing during this time .

-If the Government does this, most casinos might get away with cleaning and sanitization problems , if they don't some casinos are bound to shut down sooner or later.

The Nevada Resort Association has urged Nevada's lawmakers and governor to pass legislation that protects casinos and small businesses from frivolous lawsuits

Other trade bodies and executives warn that small businesses are vulnerable to liabilities and that should be limited quickly to avoid further economic slump

The argument goes that it's nearly impossible to prove where an employee got infected and if a business is directly responsible

https://www.gamblingnews.com/news/las-vegas-casinos-ready-up-to-protect-from-coronavirus-lawsuits/

They shouldn't have opened up in the first place , they could have might as well invested in an online site during the time and they could even buy stakes in some online Gambling site and wait , since coronavirus is not going to go anywhere until and unless strict restrictions are going to be followed , which is better for the business in the long term

According to the source stated , the online Gamblers needs to prove that they can handle the losses . This decision was taken into account after the government had a lot of news regarding the gambling addiction and problem that was arising especially during the pandemic.

It's a proposal by Social Market Foundation therefore still not implemented.

Other than that , one needs to actually follow some rules if this gets cleared:

A £100-per-month “soft cap” on online losses.
Tax breaks for firms that move onshore.
Limits on how much can be staked online.
A regulatory shake-up, including a new ombudsman.
A kitemarking system for firms that uphold standards.
A clearer sanctions regime for those that don’t.

Therefore even if you loose 100 Euro , you might have to get ready to prove that , the loss was indeed flexible and you can take it . Unfortunately now the Government is looking forward to regulate the online Gambling since , the revenues from the offline casinos have taken a strong loss , online Gambling is now being preferred since it's safer and much needed during the pandemic.

This regulation might be problematic for some  , for sure now the crypto gambling sites will receive a notice and let's see what would be the height of regulation.

https://www.theguardian.com/society/2020/aug/04/online-gamblers-should-prove-they-can-afford-losses-report-finds

https://cointelegraph.com/news/twitter-hack-shows-that-crypto-is-easier-to-investigate-than-fiat-say-industry-law-experts

Time and again there has been a feud between Bitcoins supporter and the Government . Government always said how cryptocurrencies are not a good option since they can be used for illegal purposes and therefore should be banned .

Twitter hack did steal a lot from people but at the same time the fact that the government was able to track down those people do prove that whatever claims they might make about cryptocurrencies being problematic and used for money laundering and other stuff , they are forgetting the fact that it's so transparent that it can destroy the whole corrupted body itself. Maybe this is the reason why they are scared of the Bitcoins.

I do believe through this we learned a few lessons .

- how one should be there extra cautious online
- how Bitcoins needs to be recognized as a good thing by the government not a competition or be negatively associated.

Hello , I found an article and it did seem very interesting, the author tries to explain why Bitcoins broke the resistance and we saw an amazing rally.

https://www.coindesk.com/how-real-is-bitcoins-rally-8-interpretations-of-bitcoins-massive-surge

Banks stacking due to changes in custody rules

Money printer go brrr

Stock to flow model

Robinhood traders piling in

DeFi gain recycling

Buyers exceeding sellers

“Perfect storm”

Dollar crash, negative real interest rates and the search for a new reserve currency

According to the author the following reasons did mark a uptrend  but there are few reasons I would like to add.

- People Investing their stimulus bills
- No jobs !!
- Stock market might be good for the long term , but right now I don't think people can really invest there for short term
- Gold prices is incredibly high
- Good representation of Bitcoins and many countries giving it the legal good to go status
- Bitcoins have outperformed Gold and S and P 500 index
- People in for HODL
- People loosing trust in the dollar which should definitely happen since they printed more money than ever and that a whole bubble that we are seeing right now waiting to take the market down ((+ am not comfortable with trading in US dollar personally too till the time America Gives Racial Freedom to all its citizens and stop treating people like Animals, I would rather risk the volatility ~))

Please do share what to you guys think ? ?

https://cointelegraph.com/news/japans-dormant-btc-trading-accounts-wake-up-as-bitcoin-price-rallies

If you guys do remember there was a survey conducted where the people holding Bitcoins for the long term said they won't actually sell their Bitcoins if the price never breaches 10k $ , they would rather die instead of selling.

Now with the recent rally of the price climbing up , the dormant accounts are waking up , especially in Japan.

According to the analysts , this specifically has the following reasons:
1) Price of Bitcoins breaking the resistance
2) Government paying stimulus around 930$ per household
3) Surge in the price of Gold
4) People wants to buy Bitcoins so they don't want to wait to make new accounts , therefore they are using their old accounts which were dormant since long
_______________________________________________________________________________ __

How it can affect us ?

1) Price might be affected if these accounts starts trading
2) Since some Investors are moving from Gold to Bitcoins this might mean start of a golden era for cryptocurrencies

_______________________________________________________________________________ ___

According to the source the trading volume is up by 2*/3* times this week.

Since we were kids we used to make bets , as for me even a small Race or a big project meant a bet between friends, then as I grew up, I realized that it's more of a Sports .

At the same time unfortunately the country I belong to does have a strong ban on Gambling , STILL , I see old Grandpas , Dad's , uncle's playing Poker outside with an amazing set-up.

Crypto Gambling is a whole new level , there are so many games , it have revolutionised the gambling industry in a whole different way , This provides Privacy and Variation that is much needed.

It's much safer and at the same time I do think there are amazing offers out there even for first time customers and the referrals , this is the new era.

There is one important question we have to ask:

What age does categorize a person to be mature enough to Gamble ?

-18?
-21?

Does the age even hold a meaning? Should it be regulated ? Since Crypto gambling sites have to be super private and therefore regulating the age is a big factor.

Should steps be taken to take care that we don't being up a generation of addictive gamblers or it's all good ?

[Something fun I want to share: My Private Tutor who was supposed to teach me and 10 other kids , used to have a small illegal business of Gambling on Sports and every Match was betting time , parents apparently did not know anything about it 😂] <Is the ban even necessary, people will still do what they want to do>

https://www.gamblingnews.com/news/betking-sponsors-football-kenya-federation-sportpesa-still-out/

Apparently Betking is sponsoring the Kenya football federation but Sportpesa Withdrew all sponsorships which actually supported local football teams .

As per the new deal, BetKing, a legal sports betting operator, will offer $11.1 million for the rights to represent the league. The FKF will be referred to as BetKing Premier League and each club will receive payments worth KES8 million per year in instalments

Good thing :
-They are supporting the female league which is mostly overlooked

-By doing this they are extending their business to more people which is legal betting.

What do you guys think ? Should more betting sites and companies make a reasonable investment in popular sports , not only reasonable but responsible because as I see they are focusing on women and second tier teams..

This could mean it's giving the business a positive review.

P.S. Thank you so much for educating me about the scam , therefore I do think we have something more to discuss here :-

So BetKing Doing this must be a part of a big plan where they try and clear their image and at the same time scam more people for the long run , but 11 million$ is a lot ! Where are they getting all this money from .

I found this on Google :

The publicly proven BetKing scam (betking.io) offers a BKB fantasy token ICO where investors become part of the casino and bankroll! ... Investors sent valuable crypto currencies and received a certain number of the 100,000,000 issued BKB fantasy

But the thing is , I saw online and there are many websites out there related to BetKing , this can be just a vicious circle where more scammers use the name of the scammers themselves to scam more people.

______________

They might be trying to improve their image ??

Am really sorry for all the people who got scammed , I do hope you guys can leave your opinions and reviews here which would prevent future Investors to engage in such activities that might cause them to loose a lot of money .

Cryptocurrencies are often compared with stock markets they do share many attributes but are different at the same time.

Stocks are a big thing , therefore when they apparently are going to include Bitcoin cash and litecoin I do think it would be a big step for cryptocurrencies . This would also clear out the air that it's not a hoax , I have seen people using stocks but at the same time they are scared of using Bitcoins , those people might now be benefited .

https://fortune.com/2020/07/20/bitcoin-cash-litecoin-trade-public-stock-market-first-time/

Grayscale Investments, a New York firm that makes cryptocurrencies available in the form of stocks, announced on Monday that regulators have given the go-ahead for the sale of two new cryptocurrencies to the public.

Don't worry Bitcoins is already in the list and at the same time the fact that new cryptocurrencies are being added means we have had a great market support form the Investors.

The new Litecoin and Bitcoin Cash stocks bring to six the total number of cryptocurrencies available to the public as shares. The other stocks, also packaged by Grayscale, represent shares of Bitcoin, Ethereum, Ethereum Classic, and a blend of different currencies.

Investors usually are barred from selling their own cryptocurrencies for a short while .

What I don't get is :

Why buying Bitcoins from these stock markets even exist? People don't have the freedom to sell for a short while plus why do you even need a middle man ?

Is this :
- lack of education regarding Bitcoins and wallets
- trust with the concerned company

Should we even buy Bitcoins from a stock market ?
- I personally would never do that since it will more or so compromise my freedom for a short period of time and what if at that time we might be benefited ?

What are your thoughts on this ?
-Is it essential , should it even exist?

( This in no way does mean the news is not good , since it would mean that the cryptocurrencies will get more exposure to the general public )

I do think most of the people out there are aware of the fact that many big celebrity bands and companies due to Quarantine Declined the payment to the people working for them in small underdeveloped countries like Bangladesh.
People started commenting on the posts of these brands and celebs *pay up* , the comments were soon turned off on their Instagram handle.
I do not know if this topic has already been started but I did think it would help to spread the word.
_________________________________________________________

https://www.npr.org/2020/06/05/869486297/for-bangladeshs-struggling-garment-workers-hunger-is-a-bigger-worry-than-pandemi

A sad statement by a worker mentioned:
*I will die of hunger before I die of the virus*

Some brands agreed to pay up after the people were enraged and in distress , it's a small price to pay when these people are not even making 100$ a month and they are selling the product they make 10 times the profit sometimes.

H&M, Adidas and Nike are among brands that have agreed to pay for back orders totaling some $7.5 billion. As factories reopen, they're fulfilling those orders.

__________________________________________________________ Around £2.4 billion was withheld from the workers of small factories.

Even celebs like Kylie Jenner who makes more than what these workers combined would make in a lifetime ignored the plea of the workers asking them to pay them so that they don't die of hunger.

All of this shows the effects of quarantine , the declining economic situation have sure effected the small companies, minority workers paid not even what we would call a reasonable payment.

All of it have affected the small workers and companies more , problem is most of their companies are even eligible for the government grants !!

Human rights workers contacted these companies and talked with them too , good news is some companies did agree to pay up and at the same time they distributed masks for the workers and improved the health conditions.

This is how unfair the economy is , this is what we mean when we say the poor is getting poorer and the rich is getting Richer .

I do think these companies and celebs should not only pay up they should also face charges for doing this .

[ This is how strong the company label is , it might have been made in a small slum area but when it goes to big countries and companies its sold off for 10-20 times their normal value ]

What if these people , these small workers start their own brands and directly receive payments in Bitcoins ?  What matters is skills , the price will be cheaper for the person buying it and these people will even make more.
[ Payments options can be varied , they can accept wide variety of payments and maybe educated people living near them can help them with investments , even if they start selling their products locally it would be a great deal ! ]

This is why educating people about their options are important, I do think we should spread the word , support the small markets , this pandemic has shown how pity some of these big companies are .