Crypto Currency Financial

Bitcoin is the digital currency used to purchase a wide variety of goods and services worldwide. It works just like paper money, but there are important differences between the two. Bitcoin also exists in physical form but is available in a digital way. This is the main form of online trading in portfolio software or other online services. Bitcoins can be obtained by mining or exchanging different types of money or even certain goods and services.

Bitcoin market

The Bitcoin market is the market in which Bitcoins are traded. If you have bitcoins, you can use them to purchase almost anything for which this currency is accepted. There are some types of transactions for which bitcoins are the only generally accepted payment method. To buy this specific asset, bitcoins must complete the transaction.

When you enter the Bitcoin market, you must first learn how to buy Bitcoin. The first way is to buy them. In this way, it takes little effort. The second way is to take advantage of this. It is used on software that performs certain mathematical equations for which the dealer is rewarded with bitcoin. It takes time, and many retailers claim that it contains a small portion of fruit.

Bitcoin purchase process

To be part of the Bitcoin market, wallet software is required. You can also get online service. Online bitcoin-treasure.com wallet services are available in all major countries, so you can easily set up your wallet account.

In order to buy, you need to link your wallet to your bank account. Depending on the portfolio service, it may take several days.

Once your bank account is linked, a purchase of a Bitcoin link will be displayed in the software window. It will be easy. Once the transaction is complete, the bitcoins are transferred to your wallet.

The Bitcoin market operates according to the same strategies as all other types of trading markets. If the price of bitcoins is low, this is a signal to buy them. If the price goes up, you can sell them profitably.

Mining can be difficult, but all operators have yet to try it from time to time. It’s a little slow, so you have to be patient. You need Bitcoin mining software. There are even mining pools. Simply decode a block with the joint effort of a mining group. You will then receive bitcoins based on your contribution.

Note that the bitcoin value increases and decreases in seconds. If you don’t make the right choice at the right time, you can lose a significant part of your investment. The good thing is that you can make a lot of profit from this form of trading if you understand the basics perfectly.

Premium slots and table games provider Habanero is gearing up to launch in Spain as the provider continues to grow its European footprint.                                                                                                                    

The news sees Habanero bring 41 of its engaging slots, table games and promotional tools to the Spanish market following its full certification to the standards set by the country’s regulator, DGOJ.

The coveted accreditation allows Habanero to partner with a wealth of Spanish operators as the provider prepares to announce a series of high-profile deals in the near future.

Testament to the company’s rapid success across the continent since its arrival in 2017, Habanero’s rapid European growth has seen a wealth of partnerships signed with leading operators across Italy, Croatia, the Baltics, Bulgaria, Romania and Portugal among others.

Spearheaded by its Head of Business Development, Arcangelo Lonoce, who has been key to Habanero’s record-breaking European growth, the specialist provider aims to continue its rapid expansion throughout 2020 with some of the industry’s most engaging and immersive content. 

Arcangelo Lonoce, Head of European Business Development at Habanero, said: “Armed with a premium quality product selection, and with plenty more action-packed titles to follow, Habanero stands ready to stake its claim as a leading provider in the Spanish market.

“With an immersive portfolio comprising some of the industry’s most exciting slots, as well as our market-leading promotional tools, it’s no surprise to see Habanero continue going from strength to strength in Europe, and we’re excited for the year ahead.”

When the recent Corona Virus panic hit Crypto Markets as well as stocks and other assets, it seemed like there were no winners over the course of a few terrible days – this has now proven to be wrong.

As data released by Coinrule, a platform that makes it easy for beginner traders to build automated trading strategies, shows, Coinrule users have managed to remain in profit by a combined 67% throughout the worst market crash since 1987.

Even in absolute numbers, most of the active Coinrule users are in profit, despite a once in a generation market crash that even overshadowed the 2008 Financial Crisis.

Source: Coinrule Data – Three-Month User profits

Why this Matters

Market crashes do produce winners and losers. Until today, you could assume that professional investors, algorithmic funds and hedge funds, i.e. those with the clout, expertise and tools, would be the ones to come out of a crash untouched while hobby-investors suffer the worst as their portfolios are wiped out.

When markets dropped over 30-40% across March 2020, Hedge Fund Pershing Square reported $2.6 billion in profits in less than a month. Famous investor John Paulson posted profits of over $2bn at the height of the 2008 Financial Crisis.

This is why the data coming out from Coinrule is particularly stunning. With a user-base of over 50% of beginner traders, Coinrule’s users were still able to either remain in profit or at least to minimize losses and therefore to significantly outperform the crashing market.

How did they do it?

Beating the market in a crisis did not require as much skill as the average investor might have assumed. Having an automated strategy in place that protected the user’s portfolio and sold crashing cryptocurrencies such as Bitcoin (down 41%) or Ethereum (down 42%) into Stablecoins such as USDT is what made the difference for most Coinrule users.

Additional profits then came from selectively buying back the dips and benefitting from the extremely volatile market, something that only a user with an automated trading strategy is able to do.

Source: Trading View – BTC Crash in March 2020

While Stop-Losses are well-known market instruments, the sudden and fast nature of the crash meant that many beginners on traditional trading platforms woke up to see that markets had dropped right through their Stop-Losses without triggering them.

On the other hand, Coinrule’s users seem to have benefitted from their automated strategies being able to place sell-orders as often as necessary for these strategies to trigger, no matter in what state the market found itself. As a direct result, Coinrule users were able to exit their positions while traders without automated strategies were not.

What next for the market?

It is easy to overlook this specific battle in the wider biological and economic war against the Corona Virus. Yet the long-term impact of this news on the financial market could be one of the biggest events to happen for hobby-investors in the last decades. Technology is starting to democratize access to investment strategies.

As the Economist wrote in October 2019, over 65% of financial market volume is run by algorithmic bots and in some of the most lucrative asset classes such as stock-futures, this number rises up to 90%. This is a market dominated by Hedge funds and Quant funds such as AQR Capital Management and others. There has so far been no way for a hobby investor to gain access to this money pot – the market was literally split into insiders and outsiders.

Coinrule’s numbers are now showing that the hobby investor is starting to join in on this market revolution. Thanks to tools for automated trading now being available to the mass market, the regular investor suddenly finds himself with a fighting chance against the professionals. 

The most exciting question at this point is how long it will take and how far will this revolution go. Professional investors are not going to give up their market privileges without a fight but as we have seen across industries, once technological innovation starts to give equal access to the mass market, it is only a question of time until traditional incumbents find themselves under growing pressure.

With platforms like Coinrule, promising times seem to be around the corner for hobby-investors!

CEOs of major operators based in Brazil, Colombia, Costa Rica and Peru are among a high-profile speaker line-up for the LatAm Market Day of the SBC Digital Summit.

Taking place on April 28, the second day of the groundbreaking online conference and exhibition for the betting and gaming industry, the content track will deliver in-depth insights on doing business in a region many international operators view as a huge growth opportunity.

One of the key sessions on the agenda is ‘The future of Latin American sports betting’, featuring a panel that includes JD Duarte (CEO, Betcris), Gonzalo Pérez (CEO, Apuesta Total) and Alberto Alfieri (COO, Vivagol). 

The experts, who represent some of the market leaders in the region, will share their knowledge of how local players differ from those in Europe, how that affects operations, and the most effective ways to engage with local sports fans. 

Duarte said: “It is supremely important for the industry to stand together during these hard times. At Betcris we look forward to this event where we can talk about the new challenges and focus on finding solutions.” 

Perez said: “I’m thrilled to be able to take part in such an important event as the SBC Digital Summit, especially during these times of global uncertainty. A big shout out to all the SBC team for their efforts to keep the industry informed and united.”

A sports-mad country that many believe offers huge potential for online sportsbooks is to be examined by the ‘Update on Brazil: Delays, decisions and a race for market share’ panel, which features Andre Gelfi (CEO, Suaposta Betsson), Arthur Silva (Head of Sports Operations, Sportsbet.io) and Neil Montgomery (Founding and Managing Partner, Montgomery & Associados). 

Gelfi said: “I’m looking forward to getting a detailed update on how colleagues in the industry are facing this unexpected challenge and sharing some reflections on how Suaposta Betsson is adapting to change in Brazil.”

The day will open and close with two sessions conducted in Spanish, beginning with ‘Regulación en Latinoamérica: oportunidades y desafíos para empresas europeas’, an investigation of the landscape facing European operators looking to break into the region. 

Speakers include Andrea Avedillo Builla (Head of Legal, Lazcano Sámano), Antonio Salord (Sales Director LatAm, Magellan Robotech), Karen Sierra (Director of Government Relations, GLI) and Sebastián Vivot (Manager of Modernisation and Information Technology, Lotba). 

The final panel will be ‘¿Qué sigue para Colombia? Lecciones del país pionero en la regulación del juego online en Latinoamérica’, focusing on the lessons from the successful regulated market in Colombia and the potential it offers to prospective new entrants. 

It features perspectives from a major operator, Julio Cesar Tamayo (CEO, Wplay), the regulator, Juan Pérez Hidalgo (President, Coljuegos), and the national trade association, Evert Montero Cárdenas (President, Fecoljuegos), to give a detailed and valuable overview of the market. 

The SBC Digital Summit runs from 27 April to 1 May 2020 and features six other conference tracks focused on Leadership in Betting, Leadership in Gaming, lotteries, payments, the US market, and digital marketing.

The thousands of delegates logging in from around the world can also take in a virtual exhibition featuring the latest offerings from the betting and gaming industry’s most innovative suppliers, attend the numerous product demos and special webinars at the exhibition booths, and make valuable new contacts in the virtual networking lounges.

Casino games development studio BF Games is set to enter Lithuania’s online gambling market via a partnership with locally licensed operator Uniclub Casino.

As part of the recently signed exclusive content supply deal, Uniclub Casino will gain access to 20 games from BF Games’ ever-growing portfolio. An additional five titles will be added at a later stage.

The games will be offered exclusively by Uniclub Casino in Lithuania for a period of six months. The partnership between the operator and the provider covers some of the most popular BF Games-developed slots, including Book of Gods, Stunning Hot, Hot Classic, Crystal Mania, and Bonnie & Clyde.

As mentioned earlier, the partnership with Uniclub Casino marks BF Games’ first foray in the Lithuanian online gambling market. As for the online casino, it will benefit from the deal by expanding its slots titles library with a mix of traditional and innovative games.

The Uniclub Casino brand has been part of Lithuania’s gambling sector for nearly two decades. The operator has been running a network of slot machine halls across the Baltic nation. It has later on expanded into the Lithuanian iGaming space with the Uniclub Casino brand.

Continued Expansion

Commenting on their partnership with Uniclub Casino, BF Games CEO Piotr Szpoton said that they are thrilled to team up with Uniclub Casino and enter Lithuania as they continue their expansion into new territories.

Of their new partner, Mr. Szpoton said that Uniclub Casino is a “renowned brand with a great local presence and knowledge” and that they are looking forward to working together with the Lithuanian operator and to jointly achieve “some fantastic results” that would build on BF Games’ success over the last couple of months.

Uniclub Casino CEO Martynas Matulevičius praised BF Games for the versatility of its games “that are loved by players” and that they are thrilled to be the first Lithuania-facing operator to go live with the studio’s casino suite.

BF Games’ library includes more than 50 online slots, and more games are planned to be added in the coming months. Aside from developing content for the iGaming industry, BF Games also provides IT services for land-based casinos.

BF Games is based in London and Malta. The company was founded and is managed by a team of industry veterans. In addition to its online slots portfolio, BF Games also produces slot machines for brick-and-mortar casinos and runs land-based gambling venues in several European markets.

News about its exclusive deal with Uniclub Casino and its Lithuania market entry emerged shortly after BF Games announced that it has teamed up with online gaming platform provider Dench eGaming Solutions.

The deal would see the casino content developer roll out its entire slots collection on its partner’s platform and thus gain access to Dench’s rapidly growing network of online gambling operators.

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Colorado’s sports betting space just got one more major player as the state’s wagering regulatory framework is just weeks away from being enforced.

News emerged this past Monday that Jacobs Entertainment, Inc. has teamed up with SuperBook to bring the legendary Las Vegas sports betting brand to The Lodge Casino in Black Hawk, Colorado.

SuperBook currently operates a retail location at the Westgate Las Vegas Resort & Casino and a wagering app throughout Nevada.

Pending regulatory approval from the Colorado Limited Gaming Control Commission, SuperBook and The Lodge Casino will operate a retail sportsbook as well as a betting app that will be available to bettors located within the Centennial State.

The partnership with The Lodge Casino marks SuperBook’s first foray outside Nevada. The sports betting brand has been part of the Silver State’s sports betting scene for more than two decades now.

Following a May 2018 ruling of the US Supreme Court that invalidated a federal ban on athletic gambling, SuperBook is now looking to expand in new states.

Commenting on their expansion plans, Westgate Las Vegas Vice President of Race and Sports Operations Jay Kornegay said that they are not looking to operate in every state, “just the jurisdictions that make financial sense.”

Of their partnership with The Lodge Casino, Mr. Kornegay said that they have been working on it for months and that “things got tripped up over the last couple of months because of other things in our world, but we’ve come to an agreement.”

Sports Betting Coming to Colorado

Colorado has limited casino gambling at venues located in Black Hawk, Central City, and Cripple Creek, with all three being small mining towns in the Rocky Mountains. There are a total of 33 operational casinos in these three towns.

They can all partner with out-of-state sports betting operators to offer online and retail sports betting. And many of the state’s casinos have already announced partnerships with wagering companies.

The Colorado Limited Gaming Control Commission began issuing sports betting permits this past February. The regulator has issued nearly three dozens of licenses since then.

Colorado’s sports betting rules are on track to take effect on May 1. However, with all major sports brought to a halt, licenses casinos and their wagering operators will probably wait for a while before going live with betting offerings.

Mr. Kornegay said that they originally planned to go live with mobile betting on May 1, but since they are dealing with “unforeseen circumstances” (just as the entire world), they have decided to push back the launch of their product in Colorado.

Mr. Kornegay clarified that they will be ready to operate “when we know it’s safe for everyone, and […] at least one major league restarts play or starts play.”

Gambling industry analysts mobile betting to have a big impact on Colorado’s gambling sector as its wagering legislation permits instant remote registration. This means that bettors can open accounts with the state’s mobile sportsbooks without having to first register at a brick-and-mortar facility.

Other states that permit remote registration, including New Jersey, Pennsylvania, and Indiana, have seen mobile handle account for 70% of overall handle this year. According to Mr. Kornegay, figures in Colorado will exceed the above figure due to online registration and the remote locations of the state’s land-based casinos.

SuperBook to Bring SuperContest to Colorado

As part of its partnership with The Lodge Casino, SuperBook will also be able to introduce its highly popular SuperContest product to Colorado sports enthusiasts. The original SuperContest is run from the Westgate Las Vegas. It is a pro football handicapping contest that pays out to the top 100 finishers.

In Nevada, participants can enter the contest after paying an entry fee of $1,500. In Colorado, the SuperContest will be a standalone contest, which means that there would be no proxy entries and will have an entry fee of $500. The product needs approval from the Limited Gaming Control Commission.

Source: SuperBook Set To Enter Colorado Sports Betting Market

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After being awarded the ISO 27001 certification last week, NetEnt’s online casino games are now available with gaming operators Grand Casino Luzern and Grand Casino Baden in Switzerland.

The certification is granted to companies committed to information security management and covers everything from protecting sensitive information to development, infrastructure and network configuration. NetEnt has proven its commitment by meeting such requirements.

“The ISO 27001 certification is an important acknowledgment for us and is the result of dedicated and hard work from our team,” said Henrik Fagerlund, Managing Director of NetEnt Malta. “We pride ourselves on being a reliable, trustworthy and secure partner to customers and players.”

The certification means NetEnt can enter new regulated markets and WLA procurements that weren’t previously possible, and the supplier is also on track to go live with many other licensed Swiss operators in the months ahead.

“We continue to deliver on our strategy to grow by strengthening our position in regulated markets,” added Fagerlund. “We are very pleased to take this step into the Swiss market and look forward to launching our award-winning games with even more operators soon.”

Provider of online gambling software GAN today announced that it is set enter another state as part of its strategy to grow its regulated presence across the United States.

The European company said today that under a recently signed partnership with the Sault Tribe Chippewa Indians and following the legalization of online casino-style gaming and online sports betting in Michigan, its technology would power the tribe’s online gambling effort.

The Sault Tribe of Chippewa Indians is a federally recognized Native American tribe that is based in Michigan’s Upper Peninsula. The tribe’s gaming division – Kewadin Casinos – manages five casinos in the state.

Late last year, Michigan Governor Gretchen Whitmer signed into law a package of bills that authorized sports betting at retail locations as well as digital wagering and casino-style gaming. The legislation permitted the aforementioned activities to be conducted by the state’s three commercial casinos as well as its tribal gambling venues.

Michigan’s first retail sportsbooks opened doors at the state’s three commercial casinos in downtown Detroit earlier this month. However, per a Gov. Whitmer order issued just a few days after the commencement of legal sports betting, the gambling venues had to close to help contain the spread of the coronavirus, the highly contagious virus that has turned the world upside down, affecting every contour of society and global economy.

GAN Ventures Into Michigan

Online sports betting and digital casino gaming was not expected to kick off in Michigan before 2021 as the state Gaming Control Board is yet to draft the rules regulating the online sector. It is to be seen whether the unprecedented situation created by Covid-19 will speed up or further delay the process.

Nevertheless, GAN seems confident in the potential of the Michigan iGaming market. The company said today that it will be providing its technology platform as well as certain operational services to the Sault Tribe of Chippewa Indians in partnership a major US casino operator that GAN has already been working with. The casino operator has requested anonymity pending regulatory approvals.

Commenting on their Michigan entry, GAN Chief Commercial Officer Jeff Berman said that the state “has long represented an attractive market” and that the company’s “technical expertise and ‘day one’ experience in multiple US Internet gaming markets will enable the Sault Tribe to capture their share of the online opportunity.”

Mr. Berman added that they are looking forward to bringing real money online gambling to Michigan and that their entry into a new market remains “at the core of our mission, strategy and purpose in the United States.”

Kewadin Gaming Authority CEO Allen Kerridge said that they are “excited to take this important step with GAN and our mutual partner to bring both retail sports to our consumers at our five casino locations in short course in addition to Internet gaming casino on day-one when first allowed by the State of Michigan.”

Source: GAN Confirms Internet Gambling in the State of Michigan

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The positives of legalising sports betting in India outweigh the negatives, according to an Indian gaming lawyer.

Co-Head of Media Entertainment and Gaming Practice at Nishith Desai Associates, Ranjana Adhikari, spoke to Gambling Insider about where sports betting in India stands today, with the biggest hurdle its link to match-fixing in sport.

Despite sports betting in India being deemed illegal, the estimated size of the betting black market was worth $130bn in 2018, according to statistics from service network KPMG.

However, horseracing betting was made legal by the Supreme Court in 1996 due to being based on skill – with skill games allowed under The Public Gambling Act. Adhikari used this example as a reason in support of finally legalising sports betting in the cricket-mad nation.

She said: “The decision to legalise horseracing, in essence the court is saying the underlying sport is a game of skill, therefore betting on it should fall outside the prohibitions of the law. I can apply the same logic to betting on cricket or any other sport.

“The biggest positive to legalising sports betting would be recognising that there’s already a black market out there so if you legalise it, you bring in revenue to the exchequer.

“There’s money that can be brought in through taxation, both in the form of gaming and corporate tax. There will be a proper tracking system, in terms of seeing the source of funds, which will help. It would also be a very positive step to protecting the player.

“You need to be an ostrich to not realise it’s already existing; the underground market has grown massively in the past seven years. The taxation being lost and the number of people who are already participating and run the risk of losing money, you’re not able to protect them or have things in place such as responsible gaming. Legislating will bring in all of this.”

In terms of negatives, Adhikari mentions India has a perception problem with sports betting, which has been linked to match-fixing.

The biggest example of match-fixing in India was the IPL (Indian Premier League) cricket scandal of 2013, where three Indian cricketers, including ICC World Cup winner Shanthakumaran Sreesanth, were arrested and banned from the sport, accused of fixing matches.

She added: “Somewhere there is an underlying connection between sports betting and match-fixing, at least in terms of perception, which is why the authorities in general have been extremely anxious towards sports betting as a concept.

“An actual con to legalising it could be the manner of legislating it. If you have extremely onerous conditions involved, in terms of who can participate and you make it an elitist group or make licenses very onerous, I think you’re going to make the problem bigger instead of trying to resolve it; because it would create more chaos in the market.

“What needs to happen has to be very thought-out and the criteria set out has to be conducive enough for the offering of the business in a very legitimate fashion.”

You can read more about the sports betting landscape in India when our Sports Betting Focus magazine goes live.

Gambling technology giant Playtech said today that it has suspended shareholder distributions until further notice as part of its efforts to protect its cash flow amid the global Covid-19 crisis and the impact the rapidly changing nature of the situation has.

The company said that it is working to pro-actively manage its capital expenditure and working capital as well as to identify opportunities for cost savings that will not affect its long-term success.

Providing update on the impact of the coronavirus outbreak on its B2B operations, Playtech said that it has seen limited impact on its Casino (including Live) business so far. The company recorded growth in activity in recent days in its Poker and Bingo businesses due to restrictions on people’s physical movement that were enforced in a number of countries around the world to help curb the spread of the dangerous virus.

Playtech warned that Live Casino is a gambling activity that requires a large number of employees to be present in the same location, which means that business could be disrupted as the Covid-19 crisis continues to rage.

The company’s Live Casino facility in the Philippines was shuttered earlier this week as the government of the Asian country ordered closures of gambling establishments and non-essential businesses.

Live Casino facilities in Riga and other locations are currently operational, but Playtech said that this might change in future.

The gambling technology provider said that its B2B Sport business has been significantly affected by the global coronavirus crisis due to the postponement/cancellation of most major sports events. Most recently, UEFA announced the postponement of Euro 2020 by 12 months as Covid-19 has been wreaking havoc on the global sports calendar.

Playtech estimates that its B2B Sports operation will generate monthly Adjusted EBITDA loss of €4 million before mitigation.

B2C Operations

Playtech also provides B2C gambling services through several brands and in several markets. In Italy, where its Snaitech operation was ordered to close its retail locations on March 9, business has further been impacted by the postponement of most sports events around the world.

Playtech said that Snaitech continues to generate revenue from its online operation, but online sports betting has been heavily impacted by the lack of major sporting events and competitions.

Snaitech is estimated to record Adjusted EBITDA loss of €3 million per month before mitigation. Prior the global Covid-19 crisis, the operator was expected to generate €13 million in Adjusted EBITDA per month.

Playtech’s white label businesses, mostly Sun Bingo, have seen “solid performance” so far, the company said in today’s market update.

As for its Retail B2C Sport business – HPYBET – it has been severely hit by the Covid-19 situation as its betting shops in Germany and Austria have been closed.

Playtech does not expect its performance in Asia to change in March. The company also noted that its TradeTech platform continues to benefit from the increased market volatility. The business has generated Adjusted EBITDA of more than €30 million so far this year.

Source: Coronavirus (COVID-19) update

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