Blockchain
nChain Announces Agreement With Crucial Compliance
nChain AG announced it entered into an agreement whereby Crucial Compliance Limited (Crucial Compliance), a provider of compliance and software solutions to the online gaming industry, will engage Kensei, the Company’s blockchain interface platform. Integration with Kensei will enhance Crucial Compliance’s existing Crucial Player Protection (“CPP”) system, which monitors player behaviour to ensure player protection from gambling-related harm.
Kensei, launched in July 2021, provides a powerful set of APIs that allow seamless integration between a customer’s existing data management processes and the BSV blockchain. Kensei eliminates the need for complex blockchain development, thus developers can focus on their core expertise while simultaneously enhancing their offering with data integrity characteristics such as a tamper-proof audit log.
CPP tracks and logs key events in player behaviour, which are then used to create a hard history of player review, interaction, and intervention throughout the customer lifecycle. By leveraging Kensei, CPP will offer a secure and cost-effective solution that creates an independently verifiable log of key actions and interactions, which will comply with the drive for data integrity from international regulators.
The auditable and immutable record of timestamped data provided by Kensei integration will increase a gaming operator’s confidence when replying to requests to prove they have discharged their responsibilities. In addition, it provides an irrefutable evidence base for an operator to challenge alleged breaches of their license conditions and/or defend against litigation.
“We are excited to partner with Crucial Compliance to bring data integrity to the online gaming industry’s responsible gaming efforts,” said David Washburn, nChain’s Chief Executive Officer. “Kensei enables tamper-proof data notarization, which is critical for gaming operators to prove they are acting responsibly and in line with all regulatory requirements.
The addition of data integrity capabilities offered by Kensei requires no change to an operator’s existing workflow so provides an attractive solution to the challenges faced by the industry.”
“This is a marked step-change for the gaming industry, using relatively new but proven technology in a way to mitigate corporate risk and also to give regulators peace of mind that what they are shown is absolute and undeniable,” said Paul Foster, Crucial Compliance’s Chief Executive Officer.
“Partnering with nChain allows us to offer a cost-effective solution for gaming operators and to provide regulators a single undeniable version of the truth, eventually across all operators.”
Crucial Compliance will work with existing customers and regulators to bring Kensei-enabled data integrity to responsible gaming activities.
Powered by WPeMatico
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
-
Andre Filipe Neves6 days ago
Salsa Technology Hails Hugely Successful BIS SiGMA Americas
-
BiS SiGMA Americas6 days ago
Sportingtech Places New Local Talent Front and Center at BiS SiGMA Americas
-
Africa6 days ago
Kiron Interactive strengthens Ethiopian performance with Hulu Sport deal
-
Asia6 days ago
Delasport Signs a Sports Deal with Philippines’ Leading Regulated Operator OKBET
-
Latest News6 days ago
Games Global and Fortune Factory Studios™ release feature-filled 333 Fat Frogs Power Combo™
-
Baltics6 days ago
HIPTHER Announces the BALTIC & Scandinavian Gaming Awards 2024 Shortlists
-
Compliance Updates6 days ago
Arizona Department of Gaming Releases February Sports Betting Figures
-
Asia6 days ago
Uzbekistan Legalises Online Betting and Lotteries