Author: Josh Andrews

As an avid follower of the crypto world from the beginning since early 2010, Josh has experienced and covered every drop, turn and rise of Bitcoin from the first halving to the countless attempts of regulation. Over the years Josh has developed a keen interest in the different applications and uses of Bitcoin and its current movement within the gambling industry. It's safe to say very few can match Josh's passion for the growth and development of Bitcoin.

CoinPoker and Crypto: The Future of Online Poker?

Reading Time: 2 minutes

Cryptocurrencies have seen a tremendous growth in general use over the past couple of years – a reality that has faced equal amounts of criticism and acceptance.

Bitcoin, for instance, has reached record highs in terms of its price even though there have been concerns raised about the rogue nature of the cryptocurrency. Nonetheless, CoinPoker, a fairly new cryptocurrency-loving poker site seems to be exploiting this opportunity and it has gone as far as launching a new poker site that is set to revolutionize the casino industry.

The unexpected pre-ICO launch of CoinPoker’s new cryptocurrency-based poker site has already attracted a lot of attention from online poker enthusiasts as well as the cryptocurrency communities.

With a 100 million CHP token hard cap, CoinPoker further offers a 30% bonus with the price of a CHP token standing at 0.05 EUR as of this day (November, 19th 2017).

The online poker platform’s real money gaming features are, however, scheduled to be officially launched at the beginning of January 2018 with added enhancements to eliminate unfair games using the best block chain technology in the market.

As of now, players can enjoy CoinPoker’s free play software that brings back the fun, competitive and transparent poker games that every poker player craves for.

Isabelle Mercier, a renowned member of the poker industry and CoinPoker representative assures players that CoinPoker’s mission is to deliver poker games that can be termed as transparent, trustworthy and, most of all, safe.

But she is not the only big name in the poker industry that is backing CoinPoker’s bold approach towards turning the tides of the poker industry – Legendary poker player, politician, celebrity and entrepreneur Antanas “Tony G” Guoga has stepped up to support the initiative.

On November 12, 2017, Tony G openly declared his approval of the cryptocurrency-based poker platform in a tweet while bashing systems used by many online poker operators currently.

“Poker is my passion. I love this game. But online #poker is sick and some things need 2 be changed there. Blockchain & cryptocurrency could make poker trustworthy again. That’s why I am backing coinpoker.com idea #blockchain #cryptocurrency #ico”

CoinPoker aims to provide remedies to many of the problems that have plagued the online poker industry which included transparency and fairness in gaming logic, transaction speeds as well as other issues revolving around the payment services used by most online poker sites.

Equally as important is their global accessibility agenda which intends to utilize blockchains to guarantee the transparency of their Random Number Generators (RNG) and CHP (CHIPS) – which is based on Ethereum – as their in-house gaming currency.

Essentially, this implies a tight fairplay security system and an unbeatable anti-fraud system, both of which are to be implemented on a global scale.

CoinPoker’s pre-ICO should end by the 1st of December after which the remainder of the ICO will be picked up and implemented within the first quarter of next year. More detail on this is available on their website along with an introductory video and an equally detailed white paper.

Bitcoin Passes $7990 and Reaches a New All-Time High

Reading Time: 1 minute

It’s been a great week for Bitcoin since it took a dive towards the $5500s after the Bitcoin Cash weekend pump. It has since showed an immense recovery with an increase of $41 billion in market cap and a price of $7990 which is a new all-time high.

Before touching distance of $8000, Bitcoin suffered a slight pullback to the mid 7500s this Friday afternoon but is already on it’s way back towards the next price target.

It’s been an incredibly wild few weeks for all cryptocurrencies as a whole due to the controversy between BTC and BCH after the cancellation of SegWit2x for Bitcoin core which has essentially created a divide between the crypto community. The integration of SegWit2x aimed to increase transaction speeds to support the increasing number of users.

Although the previous all-time high for Bitcoin was likely due to the SegWit2x hard fork and the idea of free Bitcoin Gold, the market price has stabilized in the high $7000 range ready to break new records in the last quarter of 2017.

This recovery from the heavy sell-off last weekend proved that Bitcoin, as per usual, will always bounce back higher than before no matter what obstacles are thrown at it.