Bitcoin recovery will resuscitate and perhaps lift altcoins from the dredges. Yes, we need that positivity from Bitcoin or ETH but in the mean time, our altcoins technical analysis shows that individual fundamental events from NEO, EOS, LTC, Monero or Stellar Lumens would definitely help. To begin with, EOS would be under our radar this week with the launch of Dawn 3.0. Okay, there are hints of higher highs but if that would pump prices, then it’s a move we should welcome with open arms. Let’s have a look at these charts: XLM/USD (Stellar Lumens) XLMUSD Daily Chart from Bittrex for April 2, 2018 Even if Stellar Lumens prices are down in the excess of 10%, its ebbs and flow will most depend on fundamental announcements. Stellar Lumens Technical analysis shall only help us fine tune entries at this time when investor sentiment is at rock bottom. Remember that it’s a liquid currency with IBM involvement. In fact, IBM will use the stellar platform to interconnect and ease international payment. It’s LIVE… – IBM on Stellar Lumens. Much more in Q2, 2018.https://t.co/EtFLDKV8ua https://t.co/EtFLDKV8ua — Stellar Lumens (@StellarLumens) March 25, 2018 From the charts, main support lies at $0.20 and prices are slightly below it but here is our Stellar Lumens trade plan. If prices move higher and close above $0.25, we can fine tune long entries on March 3. Our ideal long targets would be $0.40 and $0.40. XMR/USD (Monero) XMRUSD 4HR Chart from Bittrex for April 2, 2018 In 6 months, we shall have a Monero system upgrade. Yes, a hard fork is on the cards too but most people think this MoneroV is another “parasitic” scam made worse by Air drops which requires handing over private keys for them to be available. Anyhow, before prices blow up potentially from superior user experience with additions as Kovri, merging of multisigs, bullet proofs and more wallets, we should note that Monero is down but making a recovery. From our Monero technical analysis, there is a strong bullish engulfing candlestick reversing right from the 78.6% Fibonacci retracement line. Now, unless there is a confirmation today, odds are, prices might inch higher. Already there is a bullish engulfing pattern and if we see sustained highs above $170, buyers can load up their longs and aim for $230 and $250 in the short term. EOS/USD (EOS) EOSUSD 4HR Chart from BitFinex for April 2, 2018 As Q1 2018 comes to an end, the bear sores are the only thing tokens have to show. Fundamentally, this token should find support mainly because of Dawn 3.0 launch. This launch is one of the hallmarks of EOS and as it is on its awesome road map, it would show the capability of EOS to support DApp of a commercial level without congesting the platform. If it works as advertised, it should draw some demand especially from developers who might flock and drive the value up. Dawn 3.0 Alpha Announcement #EOS https://t.co/0oLMj7KUc4 — EOS (@EOS_io) January 26, 2018 Technically, unless otherwise, bears are fattening up and mauling buy pressure. Even though we have this nice bullish engulfing candlestick jutting up from oversold territory, sellers should play ball and wait until a stochastic sell signal prints. As always, there is no need to fade the trend but going with fundamental events, it is likely that prices might trend higher and even test the resistance trend line at $6.3 and higher with limits at $7.3. Aggressive buyers can buy short term and aim for those resistance levels with stops at $5. LTC/USD (Litecoin) LTCUSD 4HR Chart from CoinBase for April 2, 2018 Of course, institutional involvement is still low and once cryptocurrencies including Litecoin gets a global outreach, its value will surely rise. In the meantime, Charlie Lee should redeem his credibility even if we have Abra’s integration. He should not shill coins without due diligence and right now investors are the one facing the swords. Even if Abra’s founder Bill Barhydt is adamant that the next bull cycle is around the corner, technical indicators paint a gloomy picture. Anyhow, let’s watch his interview on Wednesday and see what he has to say. Watch me interview Charlie Lee next Wednesday!What questions would you like answered? @SatoshiLite @BitcoinErrorLog @XotikaTV #bitcoin #litecoin pic.twitter.com/jheGDQ1NNs — John Carvalho (@BitcoinErrorLog) April 1, 2018 Technically, we have this small bullish divergence and if prices close above $120, it’s my view that prices might test immediate resistance at $135. That’s $20 away and since we are bearish, any form of a stochastic sell signal printing and turning from overbought territory means sellers can resume their bear moves. The only technical formation that we should be cautious of is a break and a sustained close above the minor resistance line above $140 in the coming sessions. NEO/USD (NEO) NEOUSD 4HR Chart from Bittrex for April 2, 2018 Investors want to see useful movement from coin developers and NEO is exactly doing that. There tour begins on Amsterdam from April 4. During that time, NEO will reveal 6 projects they are working with. Remember, this is coming shortly after NEO council released their March report after failing to do so in February. 6 new $NEO projects will be presenting at the NEO Amsterdam event on April 14th: https://t.co/qdqv9kefHR Who’s getting tickets? $NEO @NEO_Blockchain @NEOnewstoday @NEO_DevCon @Brad_Laurie @lllwvlvwlll @canesin @ByteSizeCapital @boxmining @CryptoLeung @ChicoCrypto pic.twitter.com/hpYLOtfw5P — Dean van Dugteren (@Deanpress) April 1, 2018 Technically, prices are still moving along the 78.6% Fibonacci retracement line and the failure to dip convincingly towards $40 is indicative of some bull pressure. We can see how stochastics are behaving. Because of this, we can say, picking hints from NEO technical analysis that prices might move especially if there is a confirmation of this bull candlestick. I would recommend long entries with stops at $45 if and only if there is a confirmation. To that end, bulls should aim at $65 and $80 in the short term. Feature Image courtesy of Pixabay. All charts courtesy of Trading View The post NEO, EOS, LTC, Monero and Lumens: Altcoins Technical Analysis April 2, 2018 appeared first on NewsBTC.
Zhao Changpeng, founder of Binance, was able to grow his company into the world’s largest digital-asset exchange by traded value in less than eight months. The exchange, however, may face challenging times as regulators worldwide start clamping down on the cryptocurrency market. Zhao has described regulation as a risk for Binance. Binance Under Pressure as Regulators Clamp Down on The Market Financial watchdogs and governments worldwide have been studying the cryptocurrency market and passing legislation in order to regulate the activity in a way that suits them. Binance, who has some of the least rigorous know-your-customer (KYC) policies within the industry and supports initial coin offerings (ICOs), has reasons to be concerned. South Korea’s Financial Services Commission has tightened KYC rules for cryptocurrencies in the past months, which should limit the level of anonymity that benefits criminal activities such as money laundering and market manipulation. The Securities and Exchange Commission, the U.S. financial watchdog, is actively scrutinizing ICOs, cryptocurrency hedge funds, and exchanges. The increased regulatory pressure builds on Binance as the company aims to expand its operations. Following inquiries from Japan’s FSA and an official notice to stop operating in the country without a license, Zhao Changpeng has reportedly canceled its plan to open an office in Japan last month. His response on Twitter: “New (often better) opportunities always emerge during times of change. The exchange, which reported a $200 million profit in its second quarter of existence, has faced several warnings in recent months including from Hong Kong’s Securities and Futures Commission. The regulator does not allow trading cryptocurrencies that qualify as securities. Thomas Glucksmann, head of Asia-Pacific business development at Gatecoin exchange, said: “It’s a regulatory minefield out there right now. Less than a handful of jurisdictions are welcoming crypto businesses and even fewer have very clear rules and guidelines for crypto exchanges.” David Shin, president of the Singapore-based Asia Fintech Society, told Bloomberg: “Binance lacks regulation and transparency. It’s like a van stopped in front of an office building selling coffee while the legit coffee shops on the street suffer.’’ Many Binance customers support its policies. “The less regulation, the better. I’m confident in Binance’s ability to secure its own platform”, Zachary Ising, a U.S. cryptocurrency trader, told Bloomberg. Even the locations of Binance’s offices and servers are a secret in order to make it harder to determine which country has jurisdiction over the company. “We’re OK to do things very creatively to avoid unnecessary regulation,’’ Zhao said in a recent interview. Binance has close to $1.8 billion in daily trading volumes, according to Coinmarketcap.com, but there is no regulator to audit its volume statistics. The post Binance Fights Increasing Regulation appeared first on NewsBTC.
World’s Biggest Cryptocurrency Companies Leaving Asia Highlights Importance of Practical Regulations
A lot of things are happening behind the scene in the cryptocurrency industry. As of right now, it seems a fair few companies are relocating from Asia. Given the mixed regulatory landscape in that part of the world, such changes are not uncommon. Even so, it seems Europe is quickly becoming a prominent place for such companies. The Asian Cryptocurrency Regulatory Landscape Most cryptocurrency enthusiasts know all too well Asia is a mixed bag when it comes to regulation. In Japan, Bitcoin and consorts are considered legal tender. However, local exchanges face a lot of scrutiny from the FSA. That latter part is a positive development in the long run, but it may shake up some things in the short-term. South Korea is the largest region for cryptocurrency exchanges, for the time being. At the same time, the government is still keeping a close eye on things. China is still not in favor of cryptocurrencies and maintains its anti-CNY trading for Bitcoin and altcoins. All of these developments make some companies think twice about their future plans. It seems relocating to Europe makes a lot more sense in this regard. Whether or not dozens of companies will move to Europe, is a different matter altogether. So far, only two major firms have made this move in recent weeks. However, it seems the seed has been planted and other companies are contemplating similar moves as we speak. All of this shows Europe is simply more welcoming to cryptocurrency than most other parts of the world. The Migration to Europe Bitfinex has made its plan clear to move to Switzerland from Asia pretty clear. Their location of interest is Zug, also known as “Crypto Valley”. With a lenient ecosystem toward cryptocurrencies, Zug is certainly making its mark felt. The region also wants to position itself as a major hub for blockchain and Bitcoin altogether. Binance surprised a lot of people with their recent move. More specifically, their migration to Malta is pretty interesting. The country’s Prime Minister has made it clear Malta wants to position itself as the go-to “haven” for cryptocurrency companies. This “competition” between Zug and Malta will certainly be intriguing to keep an eye on moving forward. Perhaps the biggest shock comes in the form of what Kakao is planning. Although it remains unclear if the company will host an ICO, their launch of a blockchain platform will still go ahead as planned. Even though the company created a Japanese subsidiary for this blockchain venture, there’s a very real possibility they will set up shop outside of Asia as well. A very peculiar development well worth keeping an eye on. The post World’s Biggest Cryptocurrency Companies Leaving Asia Highlights Importance of Practical Regulations appeared first on NewsBTC.
A lot of cryptocurrency enthusiasts do not like regulation. This is a hot topic of conversation right now, especially in lieu of the recent G20 meeting. While no immediate measures were represented, it seems the governing body will introduce taxation guidelines in July. The G20 Remains on top of Cryptocurrency It is safe to say the recent Bitcoin price dip is partially caused by G20 meeting concerns. Many investors were concerned this governing body will impose regulation at some point. So far, it seems nothing major will happen in the near future. However, the most recent meeting also seems to kick off future taxation guidelines. More specifically, such measures will go into effect in July of 2018, by the look of things. With the effective regulation of cryptocurrency been postponed until that date, there’s still a lot of speculation taking place. The G20 officials are seemingly mainly interested in cryptocurrency taxation as of right now. It is very difficult to tax such currencies which are not controlled by a company or government. So far, it seems there is no unified taxation guideline either. That situation may come to change in July of 2018. Introducing such guidelines will certainly shake things up quite a bit. For now, we have to wait and see how the G20 decides to tackle this problem moving forward. With their earlier meeting being rather positive toward cryptocurrencies, it remains to be seen if that positive tone can be maintained. The Positive Attitude Remains in Place The most recent G20 meeting was pretty positive for Bitcoin and altcoins. With no desire to ban cryptocurrency trading or introduce licensing requirements a la BitLicense, the positive tone is certainly present. Introducing taxation guidelines may turn out to be a positive development overall. After all, taxation means cryptocurrencies become legal tender in the eyes of most people. This positive attitude came at an interesting time. A few weeks prior, the Bank of England governor warned about a major regulatory crackdown Regulation cryptocurrencies to address illicit activities is a positive message viral. However, it seems the majority of the G20 doesn’t necessarily agree with a harsh course of action as of right now. How all of this will play out, remains to be seen. It appears South Korea wants to take the lead on cryptocurrency taxation. That in itself is a remarkable development, although a positive one as well. Given the country’s position in the world of cryptocurrency, it is evident their decision-making carries significant weight. The future continues to look bright for cryptocurrencies, especially if the G20 maintains the current approach. Image From Shutterstock The post South Korea Will Release Bitcoin Taxation Policy in July, Following G20 Meeting appeared first on NewsBTC.
Key Points Bitcoin price is under a lot of pressure and it recently declined below $7,000 against the US Dollar. There is a crucial bearish trend line forming with resistance at $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points towards $8,000, but it will most likely face sellers on the upside. Bitcoin price remains in a major downtrend below $8,000 against the US Dollar. BTC/USD could correct higher, but it is likely to many hurdles on the upside. Bitcoin Price Downtrend There was a major decline this past week from well above $9,000 in bitcoin price against the US Dollar. The price tumbled and declined below many important support levels such as $8,000 and $7,000. It even traded close to the $6,500 level. A low was formed at $6,563 before it found bids. A minor upside correction was initiated from the $6,563 low, but upsides are likely to be capped. An initial resistance is around the 23.6% Fib retracement level of the last decline from the $9,220 high to $6,563 low. More importantly, there is a crucial bearish trend line forming with resistance at $8,100 on the 4-hours chart of the BTC/USD pair. Below the trend line resistance, the 50% Fib retracement level of the last decline from the $9,220 high to $6,563 low is positioned near the $7,894 level. Lastly, the 100 simple moving average (4-hours) is around the $8,100 level to act as a major barrier for buyers. On the downside, the $6,600 level is a decent support. A break below the same could ignite a downside wave towards $6,000. Overall, there could be an upside correction towards the $8,000 level, but it will most likely face sellers. Looking at the technical indicators: 4-hours MACD – The MACD for BTC/USD is slowly moving back in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI is currently moving higher from the 35 level. Major Support Level – $6,600 Major Resistance Level – $8,000 Charts courtesy –Trading View The post Bitcoin Price Weekly Analysis – BTC/USD Could Decline Further appeared first on NewsBTC.
Key Highlights ETH price is currently recovering, but upsides remain capped by the $460 level against the US Dollar. There is a major bearish trend line forming with resistance at $460 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may correct a few points in the near term, but it will most likely face sellers near $450-460. Ethereum price is under huge selling pressure against the US Dollar and Bitcoin. ETH/USD is likely to extend declines once the current correction is complete. Ethereum Price Resistance There were heavy declines this past week in ETH price from well above the $550 level against the US Dollar. The price fell sharply and broke many supports such as $500 and $400. It traded as low as $362 from where a minor upside correction was initiated. It tested the 23.6% Fib retracement level of the last decline from the $595 high to $362 low. However, the upside move could not gain momentum above the $415-417 zone. There is also a major bearish trend line forming with resistance at $460 on the 4-hours chart of ETH/USD. The same trend line is close to the 38.2% Fib retracement level of the last decline from the $595 high to $362 low. A break and close above the $460 level could clear the path for an upside move. The next hurdle could be the 50% Fib retracement level of the last decline from the $595 high to $362 low near $475. On the downside, the recent low near $362 is a decent support. If the price fails to stay above the mentioned $362 level, there could be more losses towards the $350 level. Further below $350, the next stop could be the $320 level. 4-hours MACD – The MACD is slightly showing recovery signs in the bearish zone. 4-hours RSI – The RSI is currently well below the 40 level. Major Support Level – $362 Major Resistance Level – $460 Charts courtesy – Trading View The post Ethereum Price Weekly Analysis – ETH/USD Upsides Remain Capped appeared first on NewsBTC.
Being involved in Bitcoin means ignoring short-term changes and discrepancies. Anyone who has followed this cryptocurrency for multiple years knows that unwritten rule all too well. The Bitcoin price is always subject to interpretation and speculation. Even so, the overall trend is still extremely bullish. The Bitcoin Price is Just Fine Many people are spoiled when it comes to the Bitcoin price. Last year was extremely bullish and borderline ridiculous. With a meteoric rise in value from under $1,000 to nearly $20,000. It became evident the “bubble” was quite real. Even so, the hype has calmed down as of right now, or so it would seem. Most people tend to look at the Bitcoin price in a very short time frame. Granted, the value has dropped dramatically compared to late December 2017. It was entirely expected and will benefit the Bitcoin market in the long run. Spectacular gains are always suspicious, especially in the world of cryptocurrency. Even so, there are some experts who remain uber bullish. Some say we will see a Bitcoin price of $25,000 soon. Others project half a million per BTC or more by 2020. All of these predictions can be either correct or completely wrong. Speculating about it serves no purpose in the end. The Bitcoin price will evolve in one direction or another, that much is guaranteed. The Bigger Picture Looks Pretty Sweet Judging the Bitcoin price trend from a long-term perspective, everything is just fine. One year ago, the value per BTC was just over one-seventh of what it is today. Compared to three years ago, it is still up by 3,500%. If that doesn’t warrant a positive long-term outlook, there really is no hope. During these periods, we have seen Bitcoin price declines as well. Bitcoin price history. pic.twitter.com/sC3zCcp379 — CZ (@cz_binance) March 31, 2018 It is evident this uptrend will be broken at some point. Perhaps 2018 will be a buffer year to refuel the rocket to the moon. Only time will tell how this plays out. Those who truly believe Bitcoin will succeed couldn’t care less about this current dip. Market shifts occur every year and tend to get quite volatile. Bitcoin survived a 99% price retrace in the first two years and came out just fine. During times like these, people tend to forget how far Bitcoin has come. From a technical perspective, it is only just getting started. The Bitcoin price will respond positively to most of these developments, even if it doesn’t show throughout 2018. Everything needs to be put in its proper perspective at all times. Bitcoin is – by far – the most volatile asset on the market today. That means we have to deal with steep corrections and rises as they come and go. Image Courtesy of Shutterstock The post The Time to Stop Worrying About the Bitcoin Price is Right Now appeared first on NewsBTC.
The Beneficial Impact of Regulatory Scrutiny on Cryptocurrencies. There has been a crypto gold rush going on and the authorities have taken note. The IRS considers crypto to be an asset and thus should be taxed. Accordingly, it has taken measures to track all crypto holders, which has got many people concerned. However, the IRS actions can actually have a positive effect on cryptocurrencies. Recently, the IRS ordered Coinbase, one of the biggest exchanges in the US, to furnish it with data on all users trading $20,000 or more. These actions on the government organization’s part have brought Bitcoin and other cryptocurrencies out of the shadows. For a long time, there has been a misconception that digital currency is mainly used by thugs and rogue states, which has caused some people to shun crypto, out of fear of being entangled in a criminal enterprise. However, the fact that the IRS is taking a closer look at crypto could help do away with this notion. The scrutiny from authorities will also make people think twice before they embark on using cryptocurrencies for illegal activities. These factors will, in turn, portray digital currencies in a new light and make dealing in cryptocurrencies a government-approved alternative. For some time now, the IRS has been working with companies that deal with cryptocurrencies to keep an eye on transactions happening on the network. So far, they have been able to track 4% of all wallets to genuine holders. But with legitimate and compliant platforms, these issues would be a thing of the past. Platforms like Saifu are leading the wave to legitimize cryptocurrency usage by offering an easy-to-use solution that’s on par with any banking or mainstream financial platform available today. About Saifu Saifu provides customers with a platform that is welcoming to those who are used to the fiat currency system. In fact, the services Saifu offers are similar to those of traditional online banking platforms, and also include cryptocurrencies. However, there are also many other crypto-based companies that offer crypto trading services. So, what makes Saifu different? Saifu stands out as a licensed payment institution that includes the full range of fiat and crypto services that any modern traditional bank only provides for fiat. This means that while other crypto companies can offer crypto transactions and storage, only Saifu connect to the traditional financial world on its own. Other companies rely on the financial licenses of partners and have little control over how the transactions are processed. Saifu has developed its own accounting practices for cryptocurrencies and these have been approved by regulators. This means that when transactions are made with crypto or fiat, Saifu customers don’t have to wait or go through tedious approval processes to get their crypto to fiat or use it in everyday transactions. As part of its integration with the traditional financial world, Saifu offers customers with the ability to make wire transfers, transfers to and from external wallets, provides customers with Saifu cards for PoS and ATMs, and allows transfers to and from external accounts through card transactions. All of this is offered alongside exchange services at the best market rates between fiat and cryptocurrencies. This integration may seem natural, but it’s more complicated than most think, which is the reason Saifu currently has no competitors that can offer all of those services for both fiat and crypto. Additionally, Saifu provides market-leading security that was developed in partnership with Thales, the leader in fiat currency cybersecurity for banks. The technology developed by Saifu brings bank-grade security to the cryptocurrency world. The technology is superior to competitors in the cryptocurrency world because it’s designed to keep customers cryptocurrency safe even in the event of a hacking, which will happen to any crypto service once it gets big enough. The Saifu security system is also unique in that it also allows for full functionality of cryptocurrency use, which hot and cold vaults, an inferior security solution, are unable to do because they are not designed to keep customers keys separately. Find out more about Saifu at – https://saifu.ai/ What do you think about the Saifu platform? Leave us your thoughts in the comments section below. The post IRS Investigations into Cryptocurrency Holders, a Positive Sign appeared first on NewsBTC.
China’s central bank states that the country is willing to support a global regulatory framework for cryptocurrency established by G20. China’s Central Bank Supports Global Regulatory Framework The Institute of International Finance, a part of The People’s Bank of China (PBOC), offered new insight to the country’s cryptocurrency policy on its “Global Banking Industry Outlook Report” released this week. The central bank and government are already deeply invested in blockchain technology, but it may well expand R&D further, especially as it plans to launch its own national cryptocurrency. According to the report, the PBoC maintains its view that massification of cryptocurrencies as a retail investment could produce systemic risks to the CNY, but the Institute of International Finance is in favor of establishing a global regulatory framework. Supporting a global regulation on cryptocurrencies means that China is willing to eventually legalize trading and usage of cryptocurrencies. The potential for extreme price fluctuations as a risk for financial stability, anonymity as an encouragement for money laundering, and lack of security against hacking, are a few of the arguments against cryptocurrencies shared in the report. The document states that lack of effective coordination between countries leads to a regulatory vacuum. As such, the institution proposes to strengthen regulatory supervision, cooperation, and coordination. Earlier in 2018, the German and French finance ministers called for a global regulatory framework for digital currencies. The FSC, South Korea’s financial watchdog, has proposed to cooperate with China and Japan. According to the report, China’s central bank expects various governments to improve their supervision over digital currencies, and an increased use of cryptocurrencies as a means of exchange and payments. “China should actively participate in the global governance of digital currencies” in order to influence the formulation of the regulatory rules for digital currencies. While China recognizes the value of blockchain and cryptocurrencies despite the criminal use and lack of customer and investor protection, the country is worried by the threat over the Yuan. To tackle this, the PBoC aims to develop its own digital currency and control the unofficial ones. The Asian superpower remains a top country in cryptocurrency mining as the government cracks down on the activity, as well as initial coin offerings (ICOs), exchanges, chats and digital trading websites. Opening up to a global regulatory framework established by the twenty most powerful nations in the world is a strategic move to exercise influence, but it is also a new hope for cryptocurrency traders and users in China. Image Courtesy of Shutterstock The post China May Follow Global Cryptocurrency Regulations, Central Bank Report Suggests appeared first on NewsBTC.
March 27th, a unique blockchain based gambling platform Zerocoin.Bet is launching the second part of its Pre-ICO. The presale event will last until April 27th, 2018 or until the hard cap is reached which is set at only 1500 ETH. During the presale, investors will be able to purchase ZERO tokens with a 58% bonus for a very limited time. ZERO token owners will be able to use it on the ZeroEdge.Bet platform to play 0% house edge games such as Blackjack, Video Poker and many others. ZERO tokens will also be used to place bets on the platform’s decentralized sports betting exchange which is expected to be launched in Q4 2018. Project’s development roadmap also includes a poker room and an open-source platform for building and operating your own customized games for which ZERO tokens will be required. One thing that really makes ZeroEdge.Bet stand out from other gambling-related ICO’s is their team which has a strong background in the gambling/gaming industries. To supplement the team and make ZeroEdge.Bet a huge success, the advisory board consists of numerous well-known & accomplished professionals with an extensive knowledge and experience in their respective fields. “We can see why other blockchain-based gambling projects haven’t really penetrated the market, so we want to come in well-prepared to be among the first to do this. We believe the experienced team and accomplished advisors are the key here,” said Adrian Casey, CEO of Zerocoin.Bet “Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value. Our ultimate goal is to become a leading gambling platform in the online gambling industry where thousands of different games are played each day using Zerocoin and where players have the best chance of winning,” – added Adrian. ZeroEdge.Bet – Revolutionary Online Gambling Platform with 0% House Edge Games Zerocoin.Bet is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites. The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. Zero Edge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value. We have made a survey & asked hundreds of people about their gambling preferences & experiences. The main finding was that 99 % of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention to this beneficial concept. Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit Zerocoin.Bet The post ZeroEdge.Bet Casino Launched Its Pre-ICO Round 2 and Offers 58% Bonus for a Very Limited Time! appeared first on NewsBTC.