Blockchain
Casino Betting Coin launches pioneering no-loss lottery via PoolTogether
Casino Betting Coin (CBC), the cryptocurrency for the global gaming market, has launched its own no-loss lottery via disruptive blockchain-based platform PoolTogether.
PoolTogether is a fast-growing disruptor within the decentralized finance (defi) space. Its open-source protocol for no-loss prize games currently has more than $160 million worth of cryptocurrency locked, with holders competing for almost $200,000 in weekly no-loss prizes.
The CBC no-loss lottery challenges users to stake their CBC holdings on the platform for a chance to win a weekly jackpot. The first week’s jackpot stands at 14,250 CBC (around $1,000 at current market price) and will be split between two winners on Monday, April 5. The weekly jackpot will scale as more CBC is locked in the pool.
Players receive their entry to the lottery with no risk; they can withdraw the CBC they staked at any time. The protocol offers users the chance to build their CBC holdings without having to risk their initial capital, and the launch marks the first opportunity to stake CBC.
The pool can be accessed at: https://community.pooltogether.com/pools/mainnet/0x7A0eebB278fA0A9dd804Ca8387Eecbce6d423693/home
Ed Brennan, President of Casino Betting Coin, said: “The Casino Betting Coin team is always looking for innovative ways to create genuine utility for our fast-growing user base, and PoolTogether offers precisely that.
“We have been watching the protocol closely as its no-loss lottery concept has captured the imagination of cryptocurrency hodlers. PoolTogether allows us to offer CBC holders the chance to win addition tokens at n
“CBC is a natural fit for a community pool, and we are certain that our users will be thrilled for the opportunity to win additional CBC without having to risk their initial holdings.”
The launch of a CBC pool is Casino Betting Coin’s first move into defi and staking, as the brand continues to build utility for its token.
Casino Betting Coin was recently integrated into leading social casino GameTwist. Last year, the interactive division of casino giant Novomatic, Greentube, acquired a majority of the CBC cryptocurrency in a landmark deal at the intersection of blockchain and gaming.
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Blockchain
JuicyBet Launches Its Innovative GambleFi Platform
JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.
What is GambleFi?
GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.
How JuicyBet works
JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.
All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.
However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.
- First, the tokens provide access to betting.
- Second, token holders get their share of the platform’s profit.
- Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
- And finally, DAO participants can also perform the role of oracles for bets and earn rewards.
In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.
In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.
JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.
Blockchain
HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader
Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.
Focused Expansion for a Diverse Audience
The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.
Enhanced Digital Presence and Accessibility
Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.
Unwavering Commitment to Quality and Insight
HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.
Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”
For more information, please visit HIPTHER.com
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