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Altcoin News

EOS’ Gambling dApp EOSBet Receives A Gaming License In Curacao

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The EOS Gambling dApp named EOSBet is in the recent crypto news, after Curacao’s online gambling industry regulator Curacao eGaming has granted it a gaming license. The platform that has the gaming technology behind the EOS altcoin revealed the new offer for interactive online gambling.

In an official announcement posted on the EOS blog, EOSBet revealed that this accreditation will enable it to offer all the existing forms of interactive online gambling under the regulator’s Master Gambling License that is issued by Curacao’s Ministry of Justice.

The announcement also reads that the platform, which prides itself as the oldest EOS gambling dApp, has achieved another milestone in its strategy to be fully licensed and legitimate as a gambling platform. As it is, it is now the only fully licensed EOS-based gambling platform.

The benefits of Curacao’s eGaming decision to grant EOSBet a license come in many ways, but mainly revolve around the increased stakeholder confidence and the enhanced credibility and trustworthiness all round.

Even though EOSBet suffered a damaging public hack in September this year – which negatively impacted the user and investor confidence – this granting of an official regulatory license proves that the platform will substantially improve investor confidence in a space that has already seen quite a number of exit scams.

Moving forward, EOSBet also announced that the license improves the likelihood of BET (which is EOSBet’s native token) to become listed on a major exchange.

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Altcoin News

European Crypto Poll: 63% Of Europeans Believe Crypto Will Be Alive In 10 Years

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A new European crypto poll is in the coming altcoin news, showing that 63% of the 10,000 questioned Europeans believe that crypto will still be around in 10 years. However, the polled respondents were not that confident about Bitcoin (BTC) with only 49% of them said that BTC will be around in a decade's time. Carried out by the Japanese cryptocurrency exchange BitFlyer, the poll took into account 10,000 residents from various countries such as Norway, France, Belgium, Germany and other regions. The biggest question of the poll asked participants if they believe that cryptocurrencies will still exist in 10 years. Out of the entire lot, 63% of the respondents in the European crypto poll said that crypto will be here to stay after 10 years. Residents from Norway were among the most optimistic ones. Even 73% of them believe that digital currencies will continue to trend in the future, followed by residents of Italy, the Netherlands, Poland, Spain, Denmark and Germany. A lot of best cryptocurrency news sites have re-shared the crypto poll mainly because of the spike in optimism towards Bitcoin and crypto coming from residents in Europe. According to the COO of Bitflyer Europe Andy Bryant, this European crypto poll shows that people are looking past the prior cryptocurrency hype and digital assets have become more established. As Bryant stated after publishing the poll:
“It’s very easy to forget just how new cryptocurrencies still are; we’ve only just celebrated bitcoin’s 10th birthday, so for the majority of consumers to believe in crypto’s future is without a doubt an achievement.”
Residents in Poland were among the most positive in the crypto poll - seeing that Bitcoin will still exist as an investment in the next decade. However, only 11% of them feel this way considering that people in Poland are the most optimistic in this manner. Meanwhile, the price of Bitcoin has plummeted. As the latest cryptocurrency news show, BTC's market dominance is now at around 54% after staying above 78% for seven years. The decline showed that Bitcoin has been wavering between 33% and 56% since January last year. The European crypto poll has just stated the general belief to it from the public.
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Altcoin News

Crypto Market Blackout Showed $8 Billion Was Wiped Out In Minutes

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A new crypto market blackout is in the latest cryptocurrency news today, where the valuation of the crypto market dropped $8 billion in matter of a couple of minutes. The news had a lot to do with the office of the New York Attorney General's office with it filing a lawsuit against iFinex and alleging that Bitfinex was mismanaging about $850 million in Tether funds. As a result, Bitcoin fell by 7.5% on the day to a new low point. The crypto market blackout affected the entire market. Aside from the coming altcoin news which show a lot of coins bleeding, it managed to affect the Bitcoin price negatively and allow it to drop from $5,500 to $5,085 as many investors sold the money out of panic. However, Bitcoin has managed to retrace despite the blackout and recovered to $5,200 which is its current price now, closing the day (yesterday) with only a 5% loss. As the lawsuit showed, Bitfinex's $850 million loss had a lot to do with it, mostly because it is related to the stablecoin Tether. On the other hand, Tether's lack of public audits and transparency have always been a topic of critics. However, some suggested that the scandal proved that Tether did have sufficient cash reserves to back its stablecoin at an equal ratio (1:1) with the US dollar. Therefore, Tether is definitely linked to this crypto market blackout, mostly because of the fact that it is backed by the US dollar. Bitfinex came with an official statement, claiming that "both Bitfinex and Tether are financially strong - full stop." We all know that Tether has been a key stablecoin for long. This crypto market blackout definitely sees it as such - mainly for its fundamental pairing abilities for most cryptocurrencies. Even though the lawsuit portrayed malpractices of the company, it showed that it is backed by US dollars. Right now, analysts remain cautious about the results from the crypto market blackout and the short-term outlook on the crypto market in general. Some of them have suggested that purchasing Bitcoi's dip on April 25 could be risky given that it is unclear how the case would move forward. Based on the current reaction, the crypto market blackout did not affect the cryptocurrencies strongly. In fact, many best cryptocurrency news sites are now reporting  big signs of recovery.
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Bitfinex Lost $850 Million, Allegedly Covered Its Loss With Tether Funds

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The latest cryptocurrency news show that the New York Attorney General's office recently alleged that the crypto exchange Bitfinex lost $850 million and has used funds from affiliated stablecoin operator Tether to cover the shortfall. According to an official announcement which is in the crypto currency news lately, the Attorney General Letitia James and her office obtained a court filing alleging that iFinex Inc. (which is the operator of Bitfinex) as well as Tether Limited and their associated entities were all in violation of the New York law, going in connection with the activities that may have defrauded the New York-based crypto investors. All of this is linked to the fact that Bitfinex lost $850 million. According to her:
“Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds. New York state has led the way in requiring virtual currency businesses to operate according to the law. And we will continue to stand-up for investors and seek justice on their behalf when misled or cheated by any of these companies.”
The filings which show that Bitfinex lost $850 million, as reported on many best cryptocurrency news sites, show that Bitfinex never revealed the loss to its investors - with executives of the exchange and Tether being engaged in a series of conflicting corporate transactions where Bitfinex got access to up to $900 million of Tether's cash reserves. The reports also show that Bitfinex took not less than $700 million from Tether's reserves and used the funds to hide its losses and its inability to handle the clients' withdrawals. The court has reportedly ordered the operators of all the companies to immediately cease the dissipation of the US dollars that back tether tokens - and produce investigation-related information and documents. The news that Bitfinex lost $850 million went in the altcoin news and were re-shared by analysts on Twitter too, where one crypto entrepreneur named Alistair Milne noted that Bitfinex will pay a fair interest rate on what is - in effect - a loan. On top of this, 60 million shares of Bitfinex stock were traded as collateral.
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Five Altcoins To Watch This Spring Besides Bitcoin: Analysis

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Five altcoins to watch this spring include some of the best performers on the market as the coming altcoin news show us. 2019 was a great year so far for some of the cryptocurrencies which is why we are about to show which ones can give you the benefit that you desire. This month was a great month for most of the cryptocurrencies especially for the top five altcoins by market cap including Bitcoin after it increased up 35 percent so far. The entire market added about $40 billion in less than 30 days while the other altcoins followed. That’s why we have a list of the altcoins that had the best performance so far. Binance Coin (BNB) is among the top five altcoins to watch the next period since it was many times proclaimed as the best performer since the start of the year. The BNB coin is the best performer because it managed to increase by up to 300 percent and is now trading at $24.29. Also, a couple of days ago, BNB breached its former ATH value and it’s the first altcoin to reach an all-time high since the bitcoin crash in 2017. Another one on the five altcoins to watch list is the Basic Attention Token (BAT). This altcoin is another one of the best performers for 2019. The altcoin managed to increase up to 200 percent in only one year. BAT is trading around $0.39 despite being 7 percent down in a period of 24 hours. The BAT token was a project of both the founder of Mozilla and Firefox and it represents an open-source decentralized protocol. Moving on to our top five altcoins to watch list we have Litecoin (LTC) which is currently trading at $78.63. The altcoin had a decent rally since the start of 2019 and it increased up to 150 percent against the US dollar. The list gets longer by adding the EOS cryptocurrency which doubled in value since the beginning of 2019 by more than 100 percent. Last on the five altcoins to watch list is Ripple. Its performance might not be as great as the others but it stayed relatively strong despite the growing competition. XRP saw a slight decline of 7 percent against the USD and is now according to analysts as we mentioned in the latest cryptocurrency news, reached its worst year so far.
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