Blockchain technology has transformed the way finance works since the launch of bitcoin over a decade ago.

New concepts have emerged over time, and the blockchain industry has grown significantly.

Online gambling is an area where blockchain technology has potential, and an innovative project KoinSwap intends to be the frontrunner in this sector.

KoinSwap integrates online gambling with popular crypto concepts like yield farming to provide users a comprehensive blockchain gaming experience.

Transforming the online gambling industry


KoinSwap focuses on decentralizing the online gambling sector by introducing a transparent and fair ecosystem.

Most online casinos use unfair practices like limiting gamers’ accounts following successful betting streaks and placing limits on winnings that can be withdrawn.

KoinSwap is built on blockchain and utilizes smart contracts deployed to ensure that the entire gaming process goes on smoothly.

Therefore gamers can play games with the security that funds will not be frozen or accounts closed with no valid reasons.

The blockchain protocol also caters to game developers by providing an easy way to create gambling games without the current restrictions of the gaming industry.

For example, there is little information online on creating popular gambling games like slot games, getting them certified, and publishing them.

This is largely due to the monopoly of the online gambling scene by a few casino operators limiting innovations. KoinSwap changes this with its innovative proof of concept and documentation that details the entire process from creation, auditing, and publishing games.

Furthermore, KoinSwap has partnered with leading auditing company CertiK to create an innovative auditing engine that ensures games get audited automatically and at a lower fee than what is obtainable in the market.

This measure will ensure that new games are created within the gambling industry and position KoinSwap as a leading decentralized gaming platform.

Unique earning opportunities

KoinSwap also integrates different earning mechanisms to incentivize gamers, developers and ensure that its community grows exponentially.

For example, traditional casinos have what is called the casino edge. The casino edge is the percentage of profit assured to a casino operator for every game played.

The casino edge ranges depending on the game, and KoinSwap estimates that it would be between 4% to 6%.

KoinSwap shares the profit in a fair distribution way that has been deployed within its smart contract.

For more info click here...

Today’s grab-bag episode looks at five different topics:

Bitcoin whales kept accumulating during last week’s dip
Jim Cramer advises Powerball winner to put 5% in bitcoin
Previewing the first FOMC meeting of the Biden Administration
Earnings week on Wall Street looks good for Big Tech
An insider’s look at the state of crypto venture capital.

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John Ratcliffe, the US Director of National Intelligence, has reportedly penned a letter to the Securities and Exchange Commission (SEC) expressing concern about China’s control over Bitcoin and crypto.

The Washington Examiner reports that Ratcliffe wrote SEC Chairman Jay Clayton this month with concerns about China’s dominance over the world’s cryptocurrency mining sector, as well as the Chinese government’s plans to establish a state-controlled digital currency.

The Daily Hodl
US Director of National Intelligence Urges SEC to Support Bitcoin and Crypto Companies: Report
Daily Hodl Staff November 27, 2020

John Ratcliffe, the US Director of National Intelligence, has reportedly penned a letter to the Securities and Exchange Commission (SEC) expressing concern about China’s control over Bitcoin and crypto.

The Washington Examiner reports that Ratcliffe wrote SEC Chairman Jay Clayton this month with concerns about China’s dominance over the world’s cryptocurrency mining sector, as well as the Chinese government’s plans to establish a state-controlled digital currency.

Ratcliffe reportedly wants the SEC to implement a regulatory framework to make it easier for US-owned cryptocurrency companies to operate and compete with Chinese firms.

Ratcliffe attached a 2018 letter from US Senator Tom Cotton (R-Arkansas) urging the SEC to adopt clearer digital currency regulations.

The Washington Examiner story follows a Breitbart report last month indicating the Trump administration is also worried that unclear and stringent regulatory policies from the SEC are putting American companies in the digital currency space at a disadvantage on the world stage.

The Breitbart story also reports on Cotton’s concerns. The senator reportedly says the lack of regulatory clarity is a risk to US national and economic security.

“Our government should not voluntarily cede that ground by failing to create a level playing field for US-based companies through the development of clear policy that allows them to compete fairly against foreign competitors.”
For more information just click the link below.
https://dailyhodl.com/2020/11/27/us-director-of-national-intelligence-urges-sec-to-support-bitcoin-and-crypto-companies-report/

The price of Bitcoin dumped by appr. 12% over night. In this episode I'm showing you three reasons why this happened. Two of them are simply based on Technical Analysis and the third is about some new potential regulation which would affect coinbase and other Crypto exchanges. Are you strong enough to buy the dip or are you just another weak hand?

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00:00 Intro
01:17 Bitcoin Technical Analysis
03:39 Bitcoin Fractal Analysis
05:08 Coinbase FUD
06:50 Are you strong enough?
08:56 Outro

After stopping short of reaching its all-time high (ATH), the Bitcoin price saw a sudden $1,000 drop.
The price action coincides with major crypto exchange OKEx resuming withdrawals after a one-month imbroglio. Reports also show significant BTC inflows to exchanges which might signal an imminent price correction.

The Bitcoin price is currently hovering below $17,900 following a dramatic 11% slide that saw BTC lose over $1,000 in a little under three hours. Before the dip, BTC was attempting to surmount its ATH by possibly climbing above the $20,000 for the first time.

Several factors appear to have contributed to the Nov. 26 dip with data from on-chain analytics provider CryptoQuant showing a significant BTC inflow to exchanges. Such a scenario often points to traders positioning their coins for sale to cash-in on local tops amid Bitcoin’s bullish rise.

Thursday’s dip might also signify temporary bull fatigue after successive rejections above the $19,500 price level. Commenting on the sudden drop, Vinny Lingham, CEO of crypto wallet provider CivicKey tweeted:This sell-off was expected. Shouldn’t drop below $16,000 and so you can expect some healthy sideways trading for the coming weeks. $20k requires a lot of consolidation to get enough momentum to maintain a break above.
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Other top blockchain and cryptocurrency news: After BitMEX, are more CFTC crackdowns coming soon? China frees OKEx founder, exchange to resume services.
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Close to 100,000 eth is to be deposited to the new ethereum Proof of Stake (PoS) blockchain by Bitcoin Suisse, the ethereum staking and custody provider. Some 71,891 eth “will...
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After releasing Q3 2020 financials that show increased mining revenue and margins, the company announced board-level changes. NASDAQ-listed Riot Blockchain, one of a few publicly-traded companies mining Bitcoin,  recently made changes to its board of directors. A short press release published on Riot’s website states that Remo Mancini had amicably resigned from the board with
See more for yourself here.