crypto – BitcoinPoker.us

NFT Communities Take Center Stage as Virtue Poker Resurges

Posted on September 6, 2023 by Kelley N.

Ryan Gittleson’s redesigned Virtue Poker is a triumph for his years-long mission to merge bitcoin with poker. Founded in 2016 and incubated by Ethereum powerhouse ConsenSys, Virtue Poker embarked on a mission to decentralize online poker.

A Long Road

Despite raising $12.5 million in a token sale in 2018 and $5 million in financing in 2021, there were still several challenges to implementing their plan for seamless on-chain poker. One of the problems was that there was not a widely available layer-2 Ethereum scaling network that could support instant and cheap in-game purchases. As an added complication, the United States and certain other major portions of Europe continue to prohibit the running of an unregulated internet gambling ecosystem.

But things changed for a bit.

After securing a gaming license from Malta, Virtue Poker launched a legal play-to-earn poker game in the United States. But getting users and keeping them around was difficult. Virtue was on the verge of bankruptcy by the following summer, and their website went offline.

The Comeback and Turning Point

Gittleson’s beta launch of the revamped Virtue Poker represented a watershed moment in the company’s history, as it remains true to its initial objective of using crypto technologies and ethos to reimagine poker for the current day.

While the new Virtue Poker does not support real-world currency or cryptocurrency wagering inside the game itself, it does provide a user-friendly platform for clubs and organizations throughout the globe to conduct their own online poker games and tournaments. It has been revamped to serve NFT communities by allowing them to restrict access to games using tokens.

If you are looking for a way to be involved with the NFT community outside Discord discussions, Virtue Poker is a simple and effective option. Clubs using Virtue may tailor their digital area to suit their members’ needs, with the potential to host more than a thousand players at once across a wide range of poker games. Although the site is now free, Gittleson plans to start charging a subscription fee to club organizers depending on the number of members and the amount of time they spend on the site.

Gittleson believes that NFT communities may encourage involvement by awarding fungible tokens and NFTs to winners. They might also manually process rewards and collect money from participants. Since Virtue Poker is not a recognized gambling site, the legality of such agreements is unclear under federal law, which bans knowingly taking money to settle illicit online gambling liabilities.

Ensuring Secure Crypto Use in Poker Gaming

Posted on August 4, 2023 by Kelley N.

If you are an enthusiast, it is hard to resist the temptation of playing poker online from the convenience of one’s own home. Our online poker market as it exists now is both vibrant and lucrative, even though it has not yet reached the heights experts projected. The fact that internet platforms are broadly accessible worldwide plays a significant role in this.

But unfortunately, hackers, cheaters, and fraudsters are also drawn to the lucrative world of online gambling because of the potential for easy money. Crypto just raised the stakes again.

Insecure or unsafe crypto poker poses serious threats to players and the industry’s reputation. Theft, fraud, and hacking are all examples of these risks, and they may all have devastating effects on the financial stability of participants and the credibility of the sector.

An example of the risks associated with online gambling on unprotected platforms is the well-known event from the past decade, in which a hacker broke into the popular Bitcoin poker site SatoshiDice database and changed more than 2,000 bets.

The Workaround

Players should make sure the online casino they choose is legitimate and uses SSL encryption technology to protect their personal information. This makes it very necessary to give the terms and conditions of the casino a full reading to get an understanding of the dangers that are involved as well as the precautions that are taken to safeguard the interests of players.

Crypto gaming is more secure and transparent than traditional gambling because of the usage of multi-signature wallets and encrypted transactions. Players are encouraged to cash out their winnings in bitcoins rather than traditional currency to reduce the amount of money lost to commissions and other charges levied by casinos.

The Supporting Structures

Top cryptocurrency poker sites all use encryption as a standard safety measure. It guarantees that all financial and personal information is encrypted, making it unavailable to prying eyes. With their reliance on external networks, typical fiat currency casinos cannot implement such stringent security measures for player data.

Some of the best ones utilize a combination of public-key and symmetric cryptography for their player data security. While a single key is used in both symmetric and public-key cryptography, two different keys—public and private—are required in public-key cryptography.

Because of their dedication to safety, crypto poker sites that use strong encryption are gaining in popularity. These sites take additional precautions to ensure the safety of their users’ money and personal data against theft, fraud, and hacking.

Exploring the Secure Side of Crypto Poker

Posted on June 4, 2023June 4, 2023 by Kelley N.

Are you a poker fanatic who just can’t resist the convenience of playing at home? Prepare yourself for a thrilling experience in the ever-changing, potentially profitable, world of online poker. The industry has seen better days, but even if it doesn’t return to its heyday, it’s still a great way to pass the time and have a lot of fun.

Yet, despite the widespread availability of online poker sites throughout the world, some weird people who are lured to money and gambling remain hidden in the shadows. We are talking about hackers, cheaters, and scammers.

There is a good reason why poker players often complain about rigged platforms, vandalized wallets, and other sorts of hacking and breaching that cause them to lose money. The increase of high-profile instances involving online poker in recent years has only served to heighten these worries.

Lots of Lessons

Consider the infamous attack of crypto poker site SatoshiDice in 2014, in which over 2,000 wagers were altered after hackers gained access to the site’s database. Lessons may be learned from this tragedy about the risks of gambling on unprotected websites.

But that’s not all: fraud is a major concern when it comes to untrustworthy crypto poker. If dishonest operators influence outcomes or engage in unethical methods, players might lose a lot of money. This is bad for the players and the reputation of the bitcoin poker market as a whole.

Theft is another terrifying possibility that lurks in the shadows of the unsecured world of crypto poker. The thought of having your money stolen from your wallet or bank account is enough to make anybody feel sick.

The Key

But there’s still hope. Let’s shift gears and talk about the financial aspects of the game-changing innovation that has won over many gamblers: secure crypto poker. The key is for crypto poker sites to have high-level security features, which will protect players’ financial and personal information.

The safety of users is of paramount importance to cryptocurrency poker sites. Any cryptocurrency exchange runs the risk of being hacked, robbed, or otherwise compromised. Bitcoin casinos, on the other hand, have made substantial efforts to protect their customers’ funds and details.

Encryption has been a game-changer for the top bitcoin poker sites. Encryption safeguards sensitive information by converting it into unreadable ciphertext that can only be accessed by those in possession of the correct encryption key. With this safety measure in place, all player information and financial dealings are protected from any kind of unauthorized access or manipulation.

Everygame Offering New Promotions as it Expands Poker Games Section

Posted on May 4, 2023 by Kelley N.

Everygame Poker has just announced its latest promotion, and it is one that crypto poker enthusiasts will not want to miss. Back to Venus, Thai Blossoms, Fruit Zen, and Chilli Pop are four of the most popular games offered by Betsoft, and from May 1st through the 8th, players who make a deposit will be eligible to get free spins on these games.

When you make your first deposit with Bitcoin Cash or LiteCoin, you will get 20 extra spins in addition to the standard bonus.

The Details

Back to Venus is a space-themed fantasy game that will take you to another planet, where alien plants have abilities that might result in gigantic prizes. It has five reels and twenty paylines, and the symbols vary from alien cows to a flying saucer to a unique extra feature with even more chances to win big.

Sticky Wild Lotus Blossoms await you in the next chapter of Thai Blossoms, an enticing adventure through a faraway land. The game’s UI is as aesthetically pleasing as the game’s visuals, which will take you away to a tranquil Thai garden replete with temples and tiki torches. Moreover, the Sticky Wild Lotus Blossom bonus increases your chances of winning.

Fruit Zen is the perfect game for you if you are in the mood for something calmer. A cherry orchard serves as this game’s setting, with a relaxing melody and gorgeous visuals. But don’t let it deceive you, since the growing Wild feature may boost your odds of scoring a winning combination, so there is still plenty of action to be had.

And last, but certainly not least, we have Chilli Pop, which is a fiery Mexican party that will have you on the edge of your seat the whole time. This game has five reels and twenty paylines, and it contains a variety of spicy symbols including tomatoes, peppers, and chilli peppers. In addition, players who make a deposit using LiteCoin are entered into a draw for up to 80 bonus spins, so this game should not be overlooked.

Even More to Come

The good news for Everygame Poker’s customer base doesn’t end there, either. This month, the online casino section of the website will be getting an expansion with the addition of two new games: Supreme 777 Jackpots and Hot Lucky 7s. Both Supreme 777 Jackpots, a multi-hand blackjack game with a side wager that can win one of three jackpots, and Hot Lucky 7s, the other new slot game, will soon be available on the platform.

Defi Meets Poker with the Launch of Hasbullish

Posted on February 4, 2023February 2, 2023 by Kelley N.

By fusing the excitement of poker with the possibilities of decentralized finance (Defi), Hasbullish is ushering in a new era in the Defi industry. A group of the best poker professionals in the world has banded together to create this Binance Smart Chain (BSC) coin, which was conceptualized by a former professional poker player. With such star power, it is no wonder that there is so much excitement about the project.

As elite poker players compete in real-time on Hasbullish’s virtual casino floor, community members have the opportunity to interact with and learn from them. Players benefit from this one-of-a-kind experience since it enables them to get insight into the tactics and methods used by the industry’s most accomplished professionals. What’s more, the poker professionals are reinvesting their profits into the token, which is driving its value higher.

The overarching objective is to provide a welcoming environment where members of the community may watch each other play poker in real-time on the VC, engage in constructive conversation, and improve their poker skills. There will be a lot of freebies on the live stream, so it may serve as a training ground for future earnings.

Interesting Launch and Upcoming Poker App

Hasbullish’s initiator challenged Hasbulla to a heads-up charity poker match as a means of promoting the site and luring more of the world’s best poker players to join the community for the tournament’s proceeds. They also want to collaborate with Hasbulla to publicize his non-fungible tokens (NFTs) and items and to negotiate discounts for their investors on those products.

As part of its mission to build the greatest crypto poker community and provide full-scale sponsorship packages for professional players, Hasbullish is also designing a fully functional poker app. The company is also reaching out to influential YouTubers in the hopes that they will draw even more users to the service.

A Solid Marketing Plan

Hasbullish’s comprehensive marketing plan includes a week at the top of Reddit CMS trending with new updates, pinned calls in active chat lounges, a PFP contest, a full press release package published on over 450 outlets, and ongoing discussions with influential people in the industry to bring them on board. In addition to seeking a location to host tournaments, the company is interested in collaborating with other poker groups.

For poker and crypto enthusiasts, joining Hasbullish will put you in the front of the DeFi revolution and provide you the opportunity to grow your wealth through the efforts of introducing your friends. Enjoy the excitement of poker and the possibility of Defi rewards with the finest referral rates in the industry.

Pokermatch Founder Denys Ustymenko Unveils New Crypto Processing Project

Posted on December 4, 2022December 1, 2022 by Kelley N.

The well-known financial technology entrepreneur Denys Ustymenko, who has amassed a great deal of attention for his work over the years thanks to his extensive knowledge and experience in the IT and fintech industries, has just introduced 1TN, a reliable licensed cryptocurrency payment provider in Portugal.

Denys had already established himself as a business juggernaut after he and his colleagues had founded Pokermatch before he began working on his own initiatives. After launching in 2016, Pokermatch quickly rose to prominence as a premier global online poker destination.

About 1TN

In 2021, a group of blockchain enthusiasts with significant prior expertise in online retailing launched 1TN. Beginning in 2022, it has been actively engaged in crypto-related activities in Portugal.

Due to the introduction of novel security features, the company has quickly become one of the cryptocurrency industry’s most trusted platforms. This means that the payment ecosystem in the crypto world may be expanded, facilitating faster, safer, and more convenient international trade. A simple connection makes their services usable via e-commerce either directly or as a white-label offering to their customers.

“We’ve added Chip and Switch components to our UI. These will greatly improve the UX, and we’ll be storing the new components in our project’s UI library for future integration into the system. We’ve fixed some password issues. Now you can easily get to the back office while copying and pasting your password from an email. We’ve developed some new popup components according to our house design. These are stored in the project’s UI library for future integrations. There’s no doubt this will improve the UX,” 1TN said in a recent statement.

As 1TN is headquartered in Portugal, the National Bank of Portugal must provide its final permission before the license may be utilized elsewhere in the world.

More Expansion Plans

Alliances with industry leaders in information technology including Fireblocks, Chainanalysys, and Finerymarkets attest to 1TN’s safety. Denys has amassed a competent crew of professionals with deep knowledge of the blockchain and financial technology sectors. They will be focusing on both platform improvements and new developments. In addition, three European branches—in Portugal, Latvia, and Bulgaria—have opened, with more on the way.

In the long run, they want to roll out a bitcoin payment gateway and expand it to help expand existing companies. Account creation is scheduled to become live after the team has received the license. They are also prepared to assist growing businesses by providing simple ways to store, receive, or transfer digital assets, such as 1TN’s multi-currency crypto wallet.

Ape In Poker Launches Gaming Platforms Featuring Web3 and Crypto

Posted on October 4, 2022October 2, 2022 by Kelley N.

Having operated an online casino and sportsbook for more than five years, the creators of Ape In Poker have announced the launch of their Poker Room Cashier, an online platform connecting conventional casino gaming with cryptocurrencies. The company’s goal is to provide gamers with dynamic, immersive experiences, and this is the first step in their transition to Web3 technology to make that a reality.

Though not the first to accept cryptocurrencies, Ape In Poker boasts that its instant cashout mechanism gets players their money “easily, quickly, and efficiently.” Even more, the teller machine will accept a wide variety of blockchain currencies, starting with Solana and moving on to Ethereum and eventually Bitcoin.

Future updates will allow players to interact with one another in a fully immersive environment. Ape In Poker is developing a Mixed Reality casino experience that includes the whole gamut of a traditional visit, from entering the establishment to selecting a table based on visual cues, to putting a wager, to interacting with other players, to collecting winnings and leaving the premises.

Executives have an overwhelming sense of optimism and confidence in the outcome of this endeavor. The introduction of the Genesis Players Card NFT was announced at the end of August to coincide with the launch of the updated Poker Room Cashier. Holders of NFTs will get access to a variety of benefits and features, both virtually and physically. All rakes paid on winning hands for the rest of their lives will be discounted for holders of this card.

Other Partnerships

Ape In Poker is expanding its brand via some fruitful collaborations in addition to the development of groundbreaking new products. It was only recently announced that Kenna James, a professional poker player, will be partnering with Ape In Poker for its offerings. The operator believes that by teaming up with James, the product will be more widely distributed throughout the online poker community.

“Not only is Ape In Poker the next phase of online gambling, but it’s the next stage of my career. With the momentum of this project combined with the incredible technology behind it, there’s no way I was passing up this opportunity. This is a game changer.”

~ Kenna James

To mark the occasion of James’s hiring, Ape In Poker will hold a tournament on October 7 of that year, with the top two finishers in the event receiving private lessons from the poker pro himself.

partypoker Partners with Theta Labs for NFT Venture

Posted on February 4, 2022February 3, 2022 by Kelley N.

As part of its efforts to keep being a trendsetter in the poker community, popular online poker platform partypoker has recently launched its first-ever non-fungible tokens (NFT). This does not come as much of a surprise. Crypto and the iGaming industry intersected years ago. Given how well that has turned out, it was only a matter of time before the NFT craze caught on in the gambling sector.

For the venture, partypoker has partnered with Theta Labs, a decentralized, blockchain-powered video delivery network. It is best known for providing end-to-end infrastructure for video and NFT and Metaverse platforms.

The project will allow partypoker customers and poker fans the opportunity to own a piece of the gaming platform’s history. Its NFTs will major on a selection of the most iconic moments and tournaments hands from the previous partypoker tournaments.

For the mainstream audience, there will be a range of ‘PokerApes’ NFTs which will essentially be a showcase of 3D artwork with unique partypoker-inspired traits.

Where and How to Get Them

For those interested in the partypoker NFTs, the collection will be available on the platform’s own native marketplace. This is the first of its kind in the online poker scene and thus presents a huge leap forward. It will be the primary place where the sale of partypoker’s NFTs will be happening.

There are also plans for a secondary marketplace that users can take advantage of to trace their digital currencies. Both marketplaces will not only be exciting places for partypoker customers to explore but it could also be a great entry point for NFT enthusiasts.

“Partypoker has established a history across 20 years full of great hands and epic poker moments that have happened during our live and online events. We are happy to give players the opportunity to own their very own piece of poker history in partnership with Theta. I am truly excited for partypoker to join the NFT space.”

Vadim Soloveychik, partypoker Director.

This pioneering NFT launch in the poker space is part of a much larger innovative initiative by Entain, partypoker’s parent company. Its partnership with Theta Labs also extends to other equally exciting projects. These include the upcoming launch of a brand-new innovation hub known as Ennovate in London. The innovation hub is set to invest millions of dollars in several tech projects across the continent. This could potentially extend to other markets in the near future.

Mastercard Strikes Crypto Deal with Bakkt

Posted on November 4, 2021November 3, 2021 by Kelley N.

In a recent announcement, Mastercard which is one of the world’s biggest financial service providers revealed that it has partnered with Bakkt, a popular digital assets platform. Thanks to the arrangement, thousands of Mastercard’s banks and merchants will now have the chance to integrate cryptocurrencies into all their products. Giving Mastercard’s partners the ability to offer crypto solutions is set to significantly boost the already rapidly-expanding crypto ecosystem.

Speaking on the development, Sherri Haymond, executive vice president, Digital Partnerships at Mastercard mentioned that the move aligns with the company’s goals. With Bakkt on board, they intend to apply their innovative approach to ” power our partners to offer a dynamic mix of digital assets options” and “also deliver differentiated and relevant consumer experiences.”

How Will This Work?

Consumers in the United States will have the chance to buy, sell and hold digital assets like cryptocurrencies. Enabling this will be the highly-acclaimed custodial wallets that are the backbone of Bakkt’s fast-rising crypto business. At the outlets where MasterCard is accepted, the users will have their digital assets exchanged for fiat to complete the transactions.

As if that is not enough, Mastercard’s loyalty solutions will also apply to the digital asset payments that its users will make. This applies to both Mastercard credit and debit cards. Rewards from the loyalty programs will even be converted to crypto in some cases. Merchants will no longer have to stick to redeemable loyalty points. Instead, they can just offer rewards to their customers in the form of crypto.

What Could This Mean for Online Gambling?

Online casinos form one of the biggest industries that depend on payment service providers such as Mastercard. Many modern-day online casinos have also started integrating digital currencies on their platforms. This is, of course, a very important step forward for the sector.

To begin with, it means that casinos that had not switched to using digital currencies may now have the chance to be a part of the revolution. It will certainly take some time but we are already off to a great start.

Secondly, this is a great way of increasing mainstream adoption of digital assets. Several great online casinos accept crypto payments. However, lots of people are still holding out. With the backing of yet another huge player in the financial sector, mainstream adoption of crypto just got yet another big boost. It will be like having the best of both worlds, that is, a popular payment service and what is considered to be the future of global finance – crypto.

PokerFi.Finance to Unite Crypto and Poker Users

Posted on October 4, 2021October 3, 2021 by Kelley N.

The utilization of crypto and related technologies in the world of gambling is not an entirely new thing. Still, there is so much to be discovered in the sector. New entrants debut innovative technologies and products regularly and this is what keeps it going. For poker players, it is now more apparent than ever that crypto is a huge part of the industry.

As part of an ambitious plan to further unite poker players and crypto enthusiasts, PokerFi.Finance has come up with an innovative approach for financial transactions in live and online poker. The main goal of this is to bring more awareness about crypto to poker players. It further provides this group of people with an incredible system through which they can earn some passive income. This should further give more people more reason to be a part of it.

How It Works

PokerFi.Finance which is also referred to as Poker Finance token is essentially a digital currency. It is linked to BEP-20 on the Binance Smart Chain and is built on a foundation of three ideas. That is to improve Decentralized Finance (DeFi), offer great poker games and deliver a deflationary system.

The deflationary nature of the system will likely be the most eye-catching thing for many people. That is because it means that the token holders will be able to earn in dollars with dividends and they will not have to sell their coins to make that possible. As for the actual figures, PokerFi.Finance token holders will have the chance to earn a 6 percent fee for every transaction. A 3 percent share is automatically distributed every 12 hours to everyone with over 35,000 coins in their token wallets.

More Perks

When it comes to actual poker gaming, the users of the PokerFi.Finance platform also have a lot to look forward to. The players will get the chance to rake back up to 70 percent of their spend on the site. This is paid out weekly in $BUSD. In addition to that, the side features an amazing loyalty program. Referred to as the PointFi rewards program, it is made to cater to all users with accounts on the site. Once registered, the players get 1FP for every $1 wagered.

The total rake of the site will contribute to growing the value of the PokerFi.Finance token. 2 percent of the total rake is dedicated to that goal. Players still can get to reap the benefits of this too. Qualifying players will receive a 5 percent share of the total rake.

BitcoinPoker.us

Tag: crypto