Cryptocurrency
FreeBitco.in Organizes 10 Donation Hour events to Support Health Workers
In the 4 months since it was first detected, COVID-19 cases around the world have crossed two million, claiming over 125,000 lives, and counting.
Amidst this global pandemic, healthcare workers are selflessly working around the clock to treat the infected and to contain and prevent the spread of COVID-19. They are our first line of defense in the battle against the virus.
However, this fight is slowly and steadily turning into a “war with no ammo”.
A Critical Shortage of Equipment
Doctors, nurses, and medical workers are reporting a lack of protective gear, including proper masks, medical gowns, and eye gear that serve to protect them from contracting the infection and in turn, spreading it to their families and others.
The situation is dire: hundreds of healthcare workers have been forced into quarantine in the US as the number of cases near 350,000. Nearly 10% of Italy’s COVID-19 cases are healthcare workers themselves.
However, they keep fighting the pandemic so we can stay safe at home. And while at home, some of us are coming up with “novel” ways to support them:
The Crypto-Community Joins the Cause
FreeBitco.in, a leading bitcoin gaming website and free bitcoin faucet, is spearheading an initiative called the “#ThankYouHealthWorkers” campaign.
FreeBitco.in is donating 20% of the House Edge Revenue earned during 3-hour donation windows organized on selective days, to the Coronavirus Relief Fund.
The campaign took off with its first donation window on Tuesday, 31st March, raising almost 0.25 BTC in three hours. The second round went live on Sunday, 5th April, and FreeBitco.in raised 0.30 BTC.
The total proceeds, amounting to 0.53 BTC, have been donated to Direct Relief, an organization that is “coordinating with public health authorities, nonprofit organizations and businesses in the U.S. to provide personal protective equipment and other items to health workers responding to Corona (COVID-19).”
Ten more fundraising rounds have been planned for the coming weeks. Given below are the dates and time slots:
- Sunday, 19th April: 02:30 – 05:30 UTC
- Wednesday, 22nd April: 15:30 – 18:30 UTC
- Saturday, 25th April: 22:30 – 01:30 UTC
- Tuesday, 28th April: 19:30 – 22:30 UTC
- Friday, 1st May: 21:30 – 00:30 UTC
- Tuesday, 5th May: 11:30 – 14:30 UTC
- Saturday, 9th May: 05:30 – 08:30 UTC
- Tuesday, 12th May: 07:30 – 10:30 UTC
- Monday, 18th May: 19:30 – 22:30 UTC
- Friday, 22nd May: 19:30 – 22:30 UTC
If you’d like to support the masked heroes on the frontlines too, join the cause on the dates given above by following the steps given below:
- Create an account at FreeBitco.in
- Play the Bitcoin Dice game in the fundraising time slots on the given dates
- FreeBitco.in will donate 20% of the house edge revenue earned to the fund
“The crypto-community is doing our best to put the technology to use for a great cause,” said “wetsuit”, the founder of FreeBitco.in. “We hope to do our part in rallying the community and contributing to relief for the real heroes in these tough times – the healthcare workers.”
The threat is real, but so is the sacrifice. Stay home, stay safe, and join the cause by contributing to COVID-19 relief for healthcare workers. Share this article with as many people as you can with the hashtag #ThankYouHealthWorkers. If all of us band together, we could turn the tide against the coronavirus in no time.
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NBA superstar Tristan Thompson is the latest big name to partner with Sportsbet.io, the worldâs favorite crypto-first sports betting site, as its newest global ambassador.
Thompson, a Cleveland Cavaliers center and 2016 NBA Championship winner, will bring his star power and passion for cryptocurrency to the Sportsbet.io community for the next two years.
The Canadian basketball legend will be sharing his views on the latest action for Sportsbet.io, where fans will have the opportunity to take part in some exclusive promotions.
Tristan Thompson, Sportsbet.io ambassador, said: âSportsbet.io brings together my two biggest passions: sports and cryptocurrency. Iâve been following the crypto sector for some time now and have seen how transformative it can be. Thereâs no better place to combine that with my love of sports than Sportsbet.io.â
Shane Anderson, Director Partnership, Content and Brand, Yolo Entertainment, the operator of Sportsbet.io, added: âWeâd like to give a huge Sportsbet.io welcome to Tristan, an elite athlete whose passion for both basketball and cryptocurrency makes him a perfect match for us. Weâre thrilled to have him on the team, and we already have some exciting plans in the works. Watch this space.â
Thompsonâs crypto credentials are already well established; heâs been a vocal supporter of Bitcoin, and recently celebrated as it reached a new all-time high in price.
He will be providing weekly betting tips on a range of sports, including NFL, MLB, European soccer, tennis, golf, UFC and boxing.
The partnership with Thompson marks another exciting new chapter for Sportsbet.io, which has earned a reputation for both its innovative approach to gaming, and its star-studded line-up of ambassadors, including cricket legend Brett Lee, Kenyan rapper King Kaka and many more.
Sportsbet.io is also an official partner of LALIGA and Newcastle United.
The post NBA star Tristan Thompson signs for Sportsbet.io appeared first on European Gaming Industry News.
 Rivalry Corp. (the âCompanyâ or âRivalryâ) (TSXV: RVLY)
(OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announced it has added U.S. President-elect Donald Trumpâs official Solana cryptocurrency â$TRUMPâ as an accepted payment method.
Ahead of the U.S. Presidential Inauguration on January 20th, Rivalry users are now able to deposit and wager using $TRUMP, a cryptocurrency on the Solana blockchain which currently has a fully diluted value of over USD $30 billion. The addition of $TRUMP as a payment method on Rivalry comes less than 24 hours after the President-elect released the cryptocurrency on Friday evening.
âMeme coins are attention monetized, and the release of $TRUMP just days before an Inauguration is a quintessential internet and crypto culture-driven moment which enabled it to eclipse $30 billion in fully diluted value shortly after its debutâ said Steven Salz, Co-Founder and CEO of Rivalry. âRapidly deploying $TRUMP as a deposit method in less than 24 hours is a testament to our ability to identify and lean into these universal cultural moments, layer it into our core crypto gambling experience, and deliver first-of-its-kind experiences to our users.â
Additionally, Rivalry customers wagering on-site with $TRUMP will receive exclusive rewards through February 1, 2025 in recognition of the upcoming Presidential Inauguration, including multiplying the amount of NUTZâthe Companyâs native tokenâplayers earn on every bet by 20x, a reflection of the inauguration on Monday, January 20, 2025.
With the acceptance of $TRUMP, along with a number of other major cryptocurrencies as part of Rivalryâs crypto-first approach, the Company has ongoing treasury holdings of various major cryptocurrencies and meme coins that it accepts as a deposit option. The Company will continue to add additional cryptocurrencies as needed to support its player base and continual expansion into the crypto gambling segment.
$TRUMP as a payment method will be available to Rivalry users in jurisdictions which apply to the Companyâs Isle of Man license only.
The post Rivalry Adds $TRUMP Meme Coin as Crypto Payment Method appeared first on Gaming and Gambling Industry in the Americas.
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SOFTSWISS, a tech company and pioneer in crypto gaming with over 15 years of experience, conducted a survey revealing that the majority view crypto as a key driver for growth in new markets. Experts also analysed this yearâs crypto bets to share the latest insights.
Bitcoin recently reached a historic high, getting closer to 90,000 euro per coin. However, during the third quarter of 2024, it faced its sharpest drop in several years. SOFTSWISS experts examine how these market shifts have influenced iGaming performance in the quarterly âState of Cryptoâ analytics.
A Quarter of the Worldâs Population Engages in iGamingÂ
Global iGaming statistics indicate that approximately 26% of the worldâs population were ever engaged in iGaming. By 2028, the iGaming market is projected to reach 243.2 million users, with a market volume nearing 130 billion euro, a substantial portion of which is expected to involve cryptocurrency.Â
SOFTSWISS data shows that during the 9 months of 2024, the Total Bet Sum, including both fiat and crypto, increased by 43.1% compared to the same period of 2023. Simultaneously, the Total Bet Count showed even more impressive growth, surpassing 44.5%.
An in-depth comparison analysis since 2022 demonstrates fiat bets are rising much more rapidly than crypto. A comparison between the first nine months of 2024 and the same period of the previous year revealed that the Fiat Bet Sum achieved a 50.4% boost. The conservative approach toward payment methods has resulted in Crypto Bet Sum growing at a slower pace compared to fiat and has led to a modest 4-percentage-points (p.p.) decline in the crypto share in 2024.
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Potential of Crypto in iGaming 2025
According to the SOFTSWISS iGaming Trends 2025 Report, cryptocurrency is set to remain one of the preferred payment methods within the sector. Based on the companyâs survey, 58% of respondents identified crypto as the primary driver of growth in new markets, underscoring its essential role in shaping the industryâs future.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, reflects on the possibilities of crypto: âIntegrating crypto payments allows iGaming businesses to operate globally, delivering greater speed and convenience. With iGamingâs naturally borderless reach, this expands platformsâ access to a wider international audience, boosting their global growth potential.â
âWhat is more, crypto transaction fees can be almost three times lower compared to traditional fiat gateways, allowing iGaming businesses to save on processing costs and reinvest that capitalâ, adds Max Krupyshev, CEO of CryptoProcessing by CoinsPaid.
SOFTSWISS data confirms stable interest in crypto. In the first nine months of 2024, the Crypto Bet Sum increased by 15.2% compared to the same period the previous year. A long-term quarter-by-quarter analysis reveals a consistent growth pattern, though the third quarter of 2024 saw a 9 p.p. decline from the previous quarter. The drop aligns with the decline in the exchange rates of major cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, which occurred in the third quarter.
Meanwhile, the Crypto Bet Count rose by 16.2% in Q3 2024, indicating stable interest in crypto gaming. This combination reveals that while engagement in crypto betting remains steady, the total wagered sum is closely correlated to fluctuations in cryptocurrency exchange rates.
Altcoins Share Growth
The top five most popular cryptos in iGaming have remained stable over the years, with some shifts in the ranking order. Bitcoin, Ethereum, Litecoin, Tether, and Dogecoin are the most popular among crypto players. While altcoins accounted for only 25.1% of bets over the first nine months of last year, their share increased significantly to over 47% during the same period in 2024.
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Bitcoinâs share dropped by 22 p.p. during the nine months of 2024 compared to the same period of 2023. At the same time, Tether and Litecoin saw the most impressive share growth, with over 8 p.p. and 7.8 p.p., respectively. Ethereum strengthened by 4.9 p.p.
Another impactful trend reveals some casinos, like Rollbit and Shuffle, utilise their own iGaming tokens to boost player engagement. Tokens designed specifically for gaming offer enhanced compatibility across platforms, lower volatility, and exclusive perks for users. Crypto drives the development of new payment methods and business growth.
Vitali Matsukevich summarises: âCrypto offers iGaming operators key advantages beyond lower costs and global reach. Blockchain enhances safety and fairness through transparency and traceability, with each transaction and game result permanently recorded and tamper-proof. Partnering with trusted crypto experts allows operators to harness these benefits, positioning themselves for growth and effectively navigating market shifts.â
The new SOFTSWISS iGaming Trends 2025 Report offers more insights about crypto in the ever-evolving iGaming sector. The visionary report is free to download via the link.
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About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The companyâs product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka affiliate platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the worldâs first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post SOFTSWISS Survey Q3â24: 58% Cite Crypto as Key Driver in New Markets appeared first on European Gaming Industry News.
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