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The gambling industry has seen a meteoric rise in popularity over the last few years, with the industry being worth in excess of US$60 billion in 2019, and expected to be worth over US$90 billion by 2023. This is driven primarily by the rise in online gaming, driven by a number of key factors:

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Changes in legislation

The US has recently seen a number of changes in legislation at federal level that have advanced the online market; when the supreme court overturned PASPA in 2018 this paved the way for state legislators to open the doors to online gambling, and a number of states have taken advantage of this, seeing it as a way to generate revenue and to provide safety to players and operators.

The UK has always been a centre for online betting, with a fairly liberal approach to online casinos, sports betting and lotteries. Canada has also always been more liberal in its attitudes to gambling than their neighbours US. Most types of gambling are allowed in some form in provinces across Canada, where residents can access online casino sites to play online slots, have a game of poker or try their luck on the roulette wheel.

Technological improvements

The advent of the smartphone now allows individuals to have access to the internet anytime, anyplace. This means that, where previously gamers would have to either go to a land-based casino to gamble, or load up a PC, they can now gamble from the comfort of their sofa, or even on their daily commute.

Game developers have also leveraged new technology to create better experiences for customers, meaning that the casino experience can be easily accessed. Virtual Reality and Augmented Reality have elevated the platform and attracted new players to the market.

The accessibility of devices and connectivity has also driven growth; pretty much anyone who wants to is able to access an online game. Most developers have created an app for their games, making it even easier for players to access their offerings.

Majority of game developers have now created apps as gaming has become ‘mobile’.

The rise of the casual and hyper-casual gamer

These technological advancements have led to the rise of the casual gamer. This new demographic has meant that those who would not consider themselves gamers now play games, primarily puzzle games and ones that you can dip in and out of. They are also a new means of socialising and meeting like-minded individuals. Casino games are hugely popular with this demographic, as they offer a combination of entertainment, excitement, and connection to others.

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Increased online security

Operators have invested a great deal in creating a safe environment for their customers, and one key area of focus has been ensuring personal information and data is secure, and that players are confident in providing their financial information to be able to place wagers and withdraw winnings. Whilst all reputable operators, like 888, will have secure payment methods available (indicated by the padlock in the URL bar), some have begun to branch out into other forms of payment, such as block chain and cryptocurrency.

What is blockchain and cryptocurrency?

Blockchain is the technology that allows for the existence of cryptocurrency; Bitcoin is one of the most well-known of the cryptocurrencies. Blockchain is a type of database (not all databases are blockchain) that collects data chronologically in groups. Once the block is full, it makes a start on the next block and chains it onto the previous block. This means that it is easy to have a clear audit trail of what has been going on. The data cannot be edited or amended.

There are many uses for blockchain, including making payments, transfer of funds, and even voting and investing globally.

A blockchain is a type of database that collects data in groups.

Benefits of blockchain in online gambling

A number of online casinos offer the option of paying in cryptocurrency, with some new operators launching as cryptocurrency only. There are many advantages to using cryptocurrencies when gambling online:

Anonymity

Players can place wagers and withdraw winnings without having to provide their personal details. It also keeps the transactions separate from their bank account and away from prying eyes.

Decentralization

Cryptocurrency, for the most part, is not run by a central government of bank. Instead, the server are owned by individuals, and this means that the funds are not subject to changes in governmental fiscal policy, nor the same level of scrutiny.

Speed, and reduced cost, of transfer

Much of the delays in funds transferring comes from the banks, with delays in sending money from accounts and releasing money into account. With cryptocurrencies, the transaction can happen pretty much instantly, meaning players get access to their winnings instantly, and operators have lower transactional costs meaning that often cryptocurrency-based casinos can offer better returns.

Increased security

The technology used by cryptocurrency encryption is far above the technology used by traditional payment methods. This means that hackers will have a much tougher time accessing information held on a blockchain (in part because much of the personal information is simply not there) and is a much safer option for players.

Enhanced technological credibility

The technology offered by blockchain means that operators do not need to use third party sites to process transactions, increasing trust from players who will often choose sites that accept digital currency as a safer and quicker way of partaking in their hobby.

Cryptocurrency is certainly something that is becoming increasingly popular and will undoubtedly form a part of the next generation of online casinos. It is important to note that many online casinos have also opted not to adopt cryptocurrencies and instead offer other secure payment options including e-wallets and major credit and debit cards.

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CaptainAltcoin’s writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Is Elon Musk’s Remark to #Hashledger Is Implying to #Hedera? Is This a Big Catalyst for HBAR Price?

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Hedera momentum is building, and with Elon Musk’s mention of #hashledger at the B-word event, it appears like the Hbarians’ celebration is just getting started. Elon Musk was referring to Hedera, as confirmed by a tweet from a founding member of the HBAR community.

HBAR is a cutting-edge technology that is being used by businesses all around the world. Hedera has grown to become one of the largest crypto networks in the world. As additional transactions are added to the network, the speed of transaction verifications rises, but it remains entirely undetected. It’s big and has a lot of uses, and it’s one of the big players. 

Also Read : Elon Musk Reaffirms Support For Bitcoin in the B-word Event, Markets Sentiments Turned Bullish!

HBAR Price Analysis

Although the HBAR price is currently bearish, the cryptocurrency price began surging at the start of 2021, and the positive trend lasted until mid-March when it reached an all-time high of $0.45. The currency failed to break through the all-time high price in April before entering a bearish trend that has lasted till today even though the asset was seen trading in the green zone in the past week.

Hbar closed the day at $0.17. Hbar is currently trading at $0.16, after a bearish start to the day. In the previous 24 hours, the price of HBAR has risen 2.51%. Currently, Hbar must avoid the key initial support level of $0.15, which is followed by $0.14 and $0.13. The biggest resistance level on the upside is $0.20, followed by $0.25. As long as it retains a critical support level, HBAR will resume its bullish trend. 

Since its ATH, the lowest price was $ 0.139984. (cycle low). Since the last cycle low, the highest HBAR price was $ 0.212739. (cycle high).

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Review

Polkadot Will Compete with Ethereum to Reach a Price of $100, Expects Industry Veteran

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Crypto-fintech expert and industry veteran Keith Bliss, the president of fintech solutions provider company Capital2Market, believes that Polkadot, the ninth-largest cryptocurrency in the market, may witness significant growth in the next three years

Keith Bliss: A Veteran in the Industry

Keith has remained associated with the fintech industry since the late nineties. At the beginning of his career, he sold time-order-management systems. The large buy-side asset managers were Bliss’s clients. Gradually he moved on to the dealings of electronic trading systems. These systems created a link between the institutional buy-side players and the sell-side players, facilitating seamless equity transactions for Wall Street. 

Bliss has been a witness to the fintech industry’s gradual growth. His experience in the industry makes him optimistic about the evolution of cryptocurrencies and the process of asset tokenization. But his reasons to believe in Polkadot’s potential growth story go far beyond the general hopefulness around the crypto industry.

The Factors Driving Polkadot’s Growth

Keith believes that Polkadot will grow in the imminent future as a competitor to Ethereum. To back his claim, Bliss cites the growing inclination among developers to turn to Polkadot as a foundation for building their platform. But why is it so? 

As we know, Ethereum, unlike Bitcoin, is seen more as an enabler of application development than as a store of value. Its smart contracts and other technological benefits have immensely helped DeFi to grow in applicability and usage. Yet, when developers develop something on Ethereum, the additions get coded right onto its blockchain. With a growing number of applications, these coded additions stunt the transaction speed of Ethereum and take a toll on its scalability. 

Polkadot solves this problem through its bridges. Polkadot can connect with other blockchains through bridges. Such a bridging system allows developers to work with their applications without building right into Polkadot’s main blockchain. Resultantly, Polkadot retains its scalability. However, Bliss does not believe that these advantages would make Polkadot replace Ethereum, as Ethereum already has a much higher adoption rate and is working on future upgrades. But, Polkadot will emerge as one of the strongest competitors of Ethereum. 

Estimating the Future Price of Polkadot

On one hand, Polkadot is a new entrant in reputed exchanges like Coinbase. It also does not have products like Ethereum ETFs or ethereum futures. But, at the same time, it has parachains, independent blockchains that connect to and run off its network. These parachains can attract developers in bulk to turn towards Polkadot as their preferred DeFi application protocol. As the developer pool grows, the Polkadot ecosystem can continue to prove that it’s here for the long term.

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Review

Altcoins To Surge Nearly 80% To 150% In Upcoming Bull Run!

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The crypto space is experiencing a huge roller coaster ride nowadays and the previous day surge was the phenomenal one. Amid the B-Word Event, the Bitcoin price gained a notable push and the other altcoins also ranged above the levels. Currently, the Ethereum price is all set to propel high with notable gains. However, the second half of 2021 is expected to be more fruitful.

It is a known fact that the crypto market flows with the BTC price and hence a substantial jump could ignite the altcoin market. Currently, the price is attempting hard to break the immediate lower high above $33,000. And later the rally above $35,000 seems to be imminent which could ignite the price to head towards $40,000. The price needs to sustain above these levels and this is when the altcoins could rise more than 80%.

The bitcoin price received some bullish moves from the event. The price was pushed to $32,600 and before it could register new highs, a strong rejection wick hindered the uptrend. Currently, the price is trying to hold above $32,000 and in order to continue with a bullish momentum, the price is required to smash $33,000. 

btcchart

Despite a substantial push, the price still failed to smash the upper trend line and initiated a consolidation. The rectangle box signifies crucial ranges to hold on to in order to propel further. The altcoins like Ethereum(ETH), Cardano(ADA), Stellar(XLM), Polygon (MATIC), XRP, AAVE, etc and many more could record a series of double-digit gains in the coming days. 



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  • bitcoinBitcoin (BTC) $ 32,669.00
  • ethereumEthereum (ETH) $ 2,051.12
  • tetherTether (USDT) $ 1.00
  • binance-coinBinance Coin (BNB) $ 289.58
  • cardanoCardano (ADA) $ 1.17
  • xrpXRP (XRP) $ 0.592695
  • usd-coinUSD Coin (USDC) $ 1.00
  • dogecoinDogecoin (DOGE) $ 0.190856
  • polkadotPolkadot (DOT) $ 12.84
  • binance-usdBinance USD (BUSD) $ 1.00
  • uniswapUniswap (UNI) $ 17.66
  • bitcoin-cashBitcoin Cash (BCH) $ 442.19
  • litecoinLitecoin (LTC) $ 120.30
  • solanaSolana (SOL) $ 27.11
  • chainlinkChainlink (LINK) $ 15.75
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 32,670.00
  • stellarStellar (XLM) $ 0.258847
  • matic-networkPolygon (MATIC) $ 0.898237
  • ethereum-classicEthereum Classic (ETC) $ 44.08
  • daiDai (DAI) $ 1.00
  • compound-usd-coincUSDC (CUSDC) $ 0.022118
  • theta-tokenTheta Network (THETA) $ 4.77
  • internet-computerInternet Computer (ICP) $ 32.92
  • vechainVeChain (VET) $ 0.066715
  • filecoinFilecoin (FIL) $ 45.58
  • cdaicDAI (CDAI) $ 0.021593
  • tronTRON (TRX) $ 0.055049
  • aaveAave (AAVE) $ 278.79
  • moneroMonero (XMR) $ 198.81
  • okbOKB (OKB) $ 12.90
  • eosEOS (EOS) $ 3.52
  • shiba-inuShiba Inu (SHIB) $ 0.000006
  • terra-lunaTerra (LUNA) $ 7.39
  • cosmosCosmos (ATOM) $ 11.16
  • ftx-tokenFTX Token (FTT) $ 28.76
  • compound-ethercETH (CETH) $ 41.12
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.111198
  • leo-tokenLEO Token (LEO) $ 2.78
  • pancakeswap-tokenPancakeSwap (CAKE) $ 13.17
  • algorandAlgorand (ALGO) $ 0.784742
  • amp-tokenAmp (AMP) $ 0.050810
  • celsius-degree-tokenCelsius Network (CEL) $ 5.79
  • klay-tokenKlaytn (KLAY) $ 0.961000
  • bitcoin-svBitcoin SV (BSV) $ 123.74
  • makerMaker (MKR) $ 2,437.07
  • tezosTezos (XTZ) $ 2.61
  • compound-governance-tokenCompound (COMP) $ 400.75
  • axie-infinityAxie Infinity (AXS) $ 37.89
  • terrausdTerraUSD (UST) $ 1.00
  • neoNEO (NEO) $ 28.73
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