Poker Network Reports Rise in Bitcoin Payout Requests 0 324

Poker Network Reports Rise in Bitcoin Payout Requests

With the rising price of Bitcoin, it is not surprising that the excitement of industry speculators and experts is also surging. The sentiment surrounding the leading crypto has reached its highest in years and it appears that every other investor is trying to get their hands on the asset. Earlier this week, an online network for gambling sites, the Winning Poker network (WPN) explained that they had seen an increase in demand for payouts based in Bitcoin. The chief executive of WPN, Phil Nagy gave an interview to Bloomberg in which he explained that almost 95% of their payouts are now made in Bitcoin. 

According to Nagy, Bitcoin’s price rally had caused a lot of excitement amongst the users and they are now demanding more and more payments in Bitcoin. The WPN CEO explained that since 2014, the company has been offering support for cryptocurrencies. However, as demand has gone up, the company has been forced to purchase more of the pioneer cryptocurrency. According to the estimates provided by the CEO, before the recent bullish run of Bitcoin, the BTC payouts of the WPN had been around $100 million. This made up 60% of the total transactions of the network. However, since the price rally occurred, the monthly payouts have also increased and they are almost $160 million now.

Oddly, this growth in demand for Bitcoin goes beyond poker players. As Bitcoin has now reached a three-year high, it is not surprising that more people have become conscious of the crypto and are buying it heavily. On November 18th, after Bitcoin reached the three-year high, Glassnode, a crypto analytics provider, reported that the number of new Bitcoin addresses had increased significantly. The company explained that for the first time since January 2018, the number of new Bitcoin addresses had clocked around 25,000 per hour. 

However, it should be noted that the spike is still not close to the highest they had reached back then. The all-time high that had been recorded for Bitcoin addresses in a day was on December 21st, 2017, when 600,000 new addresses were established in a day. This year, Bitcoin has exhibited its potential in several ways, whether as a speculative bet or as a hedge against inflation. Since January, the leading cryptocurrency has seen a 300% increase in its price, which means there is a possibility that it could reach a new all-time high by the time this year ends.

Similar to 2017, renewed optimism in the crypto and FOMO is driving its price upwards. Investors have also become wary of a repeat of the bubble in 2017, but some market analysts believe things are different this time. Nic Carter, the co-founder of CoinMetrics referred to nine charts that disputed fears of a retraction. All metrics, whether they are institutional investment levels, Bitcoin spot prices in fiat or wallet balances over $10, indicate that the market is mature and giving robust performances. It is a lot different than what it was like back in 2017. 

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MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

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