Renowned Crypto Casino Rollbit Launches Trading Features

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The evolution of the crypto ecosystem continues and now we are not just witnessing the entry of new players but also significant transitions and shifts made by existing members. Rollbit, a renowned crypto casino is one of the latest companies to extend its footprint in the world of crypto.

This move was long overdue as the company’s decisions were already hinting at the possibility of such a shift. It all began on May 10th, 2021 when the operator began to offer its users the opportunity to bet on the price of Bitcoin and Ethereum which are arguably two of the most important digital currencies right now. The platform later went on to add Litecoin and Dogecoin to the mix thus bringing together the most popular digital currencies in a manner that has barely been done before especially by a company of its kind.

By so doing, the operator has been able to establish itself as a leading platform in the crypto space. It is not stopping there though. Now, its next venture involved offering its users a way of enjoying trading digital currencies without having to deal with all of the complexities that are often associated with other crypto trading platforms.

“We’re very excited to offer crypto trading on Rollbit. Our goal was to eliminate the complex nature of trading on traditional crypto exchanges, and the team has certainly done an excellent job. With crypto being extremely popular right now, we couldn’t think of a better time to launch this. Not only are we the first crypto casino to offer crypto trading, but users can also be rewarded for trading on Rollbit as all profit and loss contributes to our lucrative rewards program,” Razer, Rollbit’s co-founder commented on the decision.

It seems this is just the beginning of a totally new segment in the world of crypto casinos.

Market-Leading Features

Rollbit came to the limelight with the launch of X-Roulette, an innovative and provably fair game that has been making waves since February 2020. Just like it did with the game, the platform has entered the crypto-trading space with just as many great and innovative features including:

  • Zero-Fee trading
  • Automatic cashout
  • Up to x1000 leverage
  • A focus on community
  • Additional benefits like cashbacks, bonuses, and rakebacks carried over from the casino

As if that is not enough, the platform’s management has promised that they have no intention to stop delivering innovative products and experiences to their growing customer bases. It only gets better from here and we cannot wait to see the direction that the entire crypto sector will take going forward.

Crypto Developments to Watch Out for in September

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The crypto market is quite dynamic and this has been the case for quite some time as the market players strive to push it further. The sector is yet to reach certain heights especially with regards to mainstream adoption. Even so, the evolution and relative maturity of the sector cannot go unnoticed.

2020 has been a tough year in many ways but, as always, nearly all sectors are finding ways of maintaining some level of normalcy. The crypto is one of these sectors – there have been a few notable developments and even more to come.

This month, there are lots of developments that you might need to pay attention to if you have an interest in the sector. Here is a round-up of a few the most notable ones.

The Ethereum 2.0 Upgrade

Ethereum planned to launch its long-awaited Ethereum 2.0 upgrade in the fall, something that could come to pass as early as before the end of September. This upgrade is a pretty big deal not just because Ethereum is one of the most popular digital currencies but also because of all the improvements it will be bringing. There is a major emphasis on security and scalability which are some of the most vital things when it comes to further adoption of the digital currency as well as the related technology.

For Ethereum miners, the upgrade, according to Ethereum 2.0, will mean the reduction of power consumption by up to 99 percent. Needless to say, this is pretty big especially considering the fact that crypto mining uses as much energy as small nations.

Tighter Regulation in South Africa

Crypto enthusiasts and holders in South Africa also need to get ready for stricter taxations if a recent proposal is passed. Just like in many other countries across the globe, South African authorities have had some concerns regarding the use of crypto for tax evasion.

The proposed law simply intends to solve this problem but its effectiveness cannot be determined at this point in time. Still, it is a monumental change that will have far-reaching effects on the crypto sector.

Next-Generation DeFi

Decentralized finance, otherwise referred to as DeFi, has been all the buzz for a better part of 2020. The concept presents crypto users with new opportunities especially with regards to the fact they could earn interest from the digital currencies they may be holding.

Perhaps the most notable name when it comes to the DeFi conversation is Beam. This digital currency has combined DeFi with privacy. An update titles Eager Electron is coming in September and it is set to bring even more improvements.

New USD Highs as Bitcoin Bull-Run Primes Altcoin Markets

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After recently establishing an all-time high of nearly $8400, Bitcoin has currently consolidated above $8000 a situation that has resulted in a liquidity shift towards the general altcoin markets. The outcome has been in favor of several of the major altcoins which have recorded very high dollar values even though the prices, when compared to Bitcoin’s value, can be considered to be relatively modest. For instance, Ethereum recorded a new all-time high value of about $420 with the prices stabilizing well above the $400 mark.

At the time of this writing, one Bitcoin is equivalent to about $8140 after it set a new record after establishing a new all-time high value of approximately $8380. Also, Bitcoins current total market capitalization stands significantly above $136 billion – the 24-hour trading volume is also well over $4 billion. This reasserts the market dominance that Bitcoin currently enjoys – it sits at 53.1% which, however, represents a 5% drop from its value a week ago.

Mark Keiser, host of Russia Today’s ‘Keiser Report’ anticipates that the price of Bitcoin is likely to soar from its current $8000 Value to new highs of about $100,000. While it is certainly still too early to tell how his predictions will play out, he has continued to express his confidence in the cryptocurrency’s market dominance saying that;

“Hundreds of obituaries have been written about bitcoin and none of them have come true and none will. Fact is, bitcoin is a gift from God to help humanity sort out the mess it has made with its money.”

November has not been a very good month for Bitcoin – its markets fell by approximately 28% shortly after attaining the preceding all-time high of $7890. This represents Bitcoins largest red weekly candle since its inception. Nonetheless, after dropping to its $5450 all-time low, Bitcoin rapidly regained its momentum and recovered to produce its largest weekly candle when it broke above the $8000 mark.

Phil Ivey Nabs New Deal as Virtue Poker Adviser

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Just days after Tony G, renowned poker player, declared his support for CoinPoker, Virtue Poker which is also an online cryptocurrency-based online poker startup has signed another poker superstar to be its adviser. Phil Ivey is considered to be one of the best poker players of all time and his inclusion in Virtue Poker’s attempt at revolutionizing cryptocurrency-based online poker is a massive step forward. The Virtue Poker team has been busy fine-tuning their site and software ahead of their scheduled 2018 launch with Ivey’s signing coming just a couple of months after fellow poker bigwigs, Brian Rast and Dan Colman were signed by the Ethereum–based startup as its ambassadors. Joining the Virtue Poker team makes Phil Ivey one of the latest pro poker players to show support and advocate for the involvement of cryptocurrencies in online casino gaming, a trend that while is still in its baby steps is expected to take the entire casino industry by storm.

With cryptocurrencies like Ethereum and Bitcoin constantly showing an upward trend in their value, Ivey expressed his faith in the initiative pointing out that the peer-to-peer nature of Virtue Poker’s take on cryptocurrency-based online poker will definitely ramp up the value of every poker player’s online gaming experience.

“I’m looking forward to serving as a strategic adviser to the Virtue Poker team. I believe their new peer-to-peer solution built using blockchain technology can add significant value to the online poker experience,” Phil Ivey said during the announcement of his signing.

In essence, the peer-to-peer blockchain technology the startup uses makes data processing more transparent and safer – the system is decentralized thus making it less prone to fraud. Poker players will, therefore, have to worry less about safety and transparency as the blocks of data will be processed right on their computers. To put this into perspective, Virtue Poker co-founder Ryan Gittleson assures players that, “Instead of trusting a random number generator from an operator stored in some offshore server, every single player has an RNG built into the machine that they utilize and they shuffle the deck for each hand played on the platform.”

Virtue Poker also uses a peer-to-peer card shuffling protocol called Mental Poker where each and every player at the poker tables takes part in the shuffling of the cards making it impossible for poker operators to see players’ cards. These solutions are aimed at some of the biggest and most persistent detrimental issues in the online poker industry such as the unauthorized access to and misuse of players’ money as well as the illegal access to players’ cards by employees of online poker operators.

Phil Ivey and his fellow Virtue Poker Colleagues, Dan Colman and Brain Rast are going to work together alongside the Virtue Poker team to revamp online poker. These poker superstars were probably the best decisions the startup has made since each of them has quite a lot to bring to the table. Ivey, for instance, has several contacts within the casino industry as well as in-depth knowledge about branding and the dynamics of the poker industry, all of which will strengthen Virtue Poker’s foundation and reputation ahead of its 2018 launch date.