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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“We’ve had some bullish moves on ETH, BTC, and altcoins over the last 2 weeks. Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.’’Over the past few months, Bitcoin and the other cryptocurrencies show similar movements. BTC showed weeks of stability but it later plunged by 10 percent. However, the current stability is not a guarantee for improved future performance. The crypto market shows a period of stability for the past couple of weeks. Ethereum made gains during today’s trading session. After the 12 percent surge in the price of ETH, crypto trader DonAlt said:
“Well, this is a proper moon. Not a big liquid spike but rather a nice controlled walk up. Didn’t expect quite this much action into the weekend but I’m not complaining. ETH as the top gainer on BitMEX. Right at resistance here – will be interesting if it can break through or not.”
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