Category Archives: Press Release

BitStarz Named Players’ Choice Casino at AskGamblers Awards!

Monday, January 21st, 2019 – The players have spoken and once again it’s BitStarz Casino that has walked away with the prize everyone is talking about. We’re officially the winners of the Players’ Choice award at the highly regarded AskGamblers Awards. With another award to add to our growing collection – we only have our players to thank, as they’ve turned out in big numbers to vote for us!

AskGamblers is, has, and always will be one of the most well-respected casino review sites in the world. Giving players the low-down on thousands of online casinos, only the cream of the crop makes it to the awards stage each year. Beating more than 1,300 other online casinos to the title, BitStarz has been able to get its hands on one of the most truly coveted awards in the industry – the Players’ Choice award.

BitStarz isn’t your ordinary online casino, which is exactly why our players have backed us since day one. Our philosophy is very simple. We’re combining the personal and quality service of a small establishment, with the game selection, prizes, free spins and bonuses of the largest operators out there.

The games, bonuses, and big-time playing incentives don’t fall short in creating the most exciting casino experience around. Making sure our players can enjoy it all without fuss, our customer service is making waves throughout the industry. Players can access support through live chat and email 24/7, as there’s always somebody around to lend you a helping hand. Pushing us over the top, we’re also smashing records with our 10-minute cash outs.

We’re always going the extra mile, but we would never have won this award without our players. We want to send our thanks to everyone that voted, as we couldn’t be happier to be winners at the AskGamblers Awards two years in a row.

Trust us when we say that BitStarz won’t be taking its foot off the pedal just because it’s put another award in the trophy cabinet – we’ll want to make it a hat-trick of awards next year!

For more information about our latest award win, along with everything else BitStarz has to offer, please contact Srdjan Kapor at

Press contact:

Srdjan Kapor

Marketing Manager


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Source: Bitcoin News

Gold Backed Crypto Exchange Offers Safe Haven for Crypto Investors

GOLD.IO Seeks to Develop Decentralised & Self-Regulating Community Exchange

Turbulence in the global markets is nothing new but the cryptocurrency community has faced an unprecedented 18-month period of flux.

The need for a fully decentralised, stable, self-regulated and community-led exchange that can offer investor confidence amidst a chaotic global economy has never been stronger.

Setting the Gold Standard with Crypto’s Founding Principles.

With a scalable inter-blockchain and decentralised exchange the GOLD.IO platform is not only self-regulated and led by its stakeholders, but asset linked – offering exchange investors unrivaled portfolio security.

Gold has always set the market standard and has benchmarked traditional finance for centuries, so why should the cryptocurrency market be any different?

As a commodity, it has weathered many a financial storm and continues to do so today. Aside from a little price volatility it has consistently retained its market value, and with an unstable geopolitical, crypto-economic outlook the precious metal can provide a safe port for crypto assets.

In short, a gold-linked and backed exchange offers not only security of your assets but a piece of mind – the world has been through tougher times than we face today, but gold has always survived the course.

GOLD.IO – Providing a Defensive Asset Protection to your Investments.

With a team of over 30 experienced developers, GOLD.IO has simply put a sister chain of the EOS Project which has the mission of creating a Decentralised Exchange (DEX) of smooth inter-block communications that not only eliminates persistent market influences but has the unique benefit of being backed by a commodity asset class.

Combining the proven power of gold as well as a growing community that is not only self-regulated but also stakeholder-led – GOLD.IO is also seeking to develop a fully-fledged Decentralised Autonomous Community (DAC) based on the founding principles of the blockchain. The DAC will serve as regulatory oversight of the exchange with all stakeholders enjoying full voting rights, a say over project development and more importantly the ability to define their profits.

Gold Backed Tokenomics Offers Trading Efficiency & High Liquidity.

With global stock volatility at best and a downward trajectory at worse – according to Goldman Sachs the markets are gripped with a fear of what may come in the coming year, a gold-linked exchange, with inherently high liquidity can part-mitigate investor risk.

With no independent or fair exchange yet to provide what GOLD.IO can, the benefits of the platform as a market leader are clear but the real magic comes with the EOISO blockchain system itself – it eliminates third-party manipulation and offers a unique architecture to ensure users remain the custodian of their gold. Join The Power of GOLD!

Join the Gold Renaissance Today!

For all media and industry queries, please contact us via our website or chat to us today – we are keen to hear from you!

To find out more about us please visit our website – as leaders in the decentralised exchange space we want to work with you!

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Source: Bitcoin News

The Solution to the Biggest Problem in Diamond Investing

As global financial markets turn more and more uncertain, a search for stable and value accretive assets is underway again. Precious stones look like the most suitable candidate due to many reasons: they are rare, hard to process and, most importantly, see counter-cycle demand and get even more investors’ attention during economic downturns. We in D1 Coin possess a deep knowledge of the market and equally deep expertise in investment field; we are glad to have this opportunity to share our knowledge with you.

While many investors turn their head to gold and silver, they tend to forget precious metals’ best friend, precious stones.

Diamonds are the first stone that comes to mind when thinking of what to give that special someone and no engagement ring or tennis bracelet would be complete without these beautiful stones. Rare, vibrant, and seemingly catching fire: diamonds are the world’s most precious stone.

However, when it comes to investing in diamonds, many investors simply don’t know where or how to start. Today, we want to give you insight about what the diamond markets are doing, how diamonds are perceived as a stable store of value, and why you should consider owning diamonds in your investment portfolio.

First, let’s clear the air on one concern that many investors face when considering buying diamonds. Just how rare are they? Diamonds as a material, in its rough natural form, is surprisingly more common than people think. Diamond drill bits, files, saws, and grinders can all be purchased from the hardware store down the road. This drives the imprecise belief that diamond gemstones are common and we just grind up extras for industrial use, but that couldn’t be further from the truth…

What many don’t realize is that up to 80% of the rare diamond deposits pulled from the ground are only suitable for industrial use. They are simply unfit to make the scintillating gems you see adorning decorations and jewelry, no matter the skill of the expert craftsman cutting them.

diamond, D1, investment, portfolio

Only 20% of diamonds can be considered high enough quality to produce a gem and drastically less are graded high enough to qualify as investments.

With the high cost of entry for decently sized, investment grade purchases reaching the tens of thousands of dollars, the diamond markets themselves can be difficult to break into as well. This bars many retail investors, who may already be nervous about market conditions, from even considering an investment. These investors with less experience in the diamond market won’t want to risk such a high amount of capital on a single purchase that they aren’t completely confident in.

Part of the issue hampering the diamond market’s ability to flourish is the lack of liquidity. One of the biggest benefits of a stable or safe harbor investment is the ability to liquidate it for cash and this is what makes precious metals so appealing. Diamonds, however, are more difficult to sell and move quickly.

Pricing varies widely between buyers and sellers, and it’s difficult to nail down the value of any natural diamond; each is a unique treasure and has to be graded accordingly. This creates lower liquidity in diamond markets and, without a proper index, it becomes difficult to accurately nail down how the market for diamonds is behaving.

Enter IDEX, the International Diamond Exchange:

diamond, D1, investment, portfolio, IDEX
IDEX is one of the few companies tracking and charting diamond trades, with a graph going back up to five years.

IDEX has also created a calculator that establishes the average price for a diamond based on a few factors: the size, color, clarity, and whether the diamond in question has a round or a fancy cut. These tools help establish some basis for prices within the diamond market even though much of the price negotiation still lies in a grey area.

IDEX also features news and reporting on market trends, such as a recent article, >how retail sales are slowly increasing by a whopping 8.5%<, that was published in July. While that seems like a small number to many, this shows there is still a strong demand in a multibillion-dollar retail sector. High-grade polished diamonds are a scarcity and demand may increase as sales rise further.

Also, more recently, a terrible event has been in the news affecting the markets. Typhoon Mangkut raged through the area near the Hong Kong Jewelry and Gem Fair causing the premature closure of the event.

The Hong Kong festival plays a major role in the diamond ecosystem as it is one of the primary shows that Chinese buyers are able to access. With its early closure, the next available event is the Bharat Diamond Week.

While the organizers of Bharat Diamond Week are enthusiastically expecting attendance at the event to exceed that of previous years due to the storm, the real excitement lies in the coming holiday season. The United States of America’s economy is showing strength with the stock markets at all-time highs, unemployment low, and still remains one of the world’s largest consumers of diamonds. With greater spending power, comes increased demand and everyone is going to be looking for the perfect gift for their loved ones as the holiday season sets in.

Even as demand for diamonds rise, one thing remains clear: supply and production of diamonds continue to remain flat, with predictions of supply decreasing by 1–2% by 2030. Coupled with the rising demand from the end of 2017 and on, the lower supply will see many searching for the best deal possible as surplus starts to dry up.

Thanks to the rules of economics, higher demand and lower supply tend to increase prices. However, there may be more factors at play here.

Solving the Liquidity Problem

On the other side of the coin, it remains to be seen what the end of the holiday season will bring to diamond sales. Liquidity typically stabilizes to normal models after the gift rush ends, but this returns us to the long-standing issue of the diamond markets.

Solutions to the liquidity problem, however, are hard to come by due to the natural barrier of entry that is the high price of investment diamonds. Sellers of loose diamonds are concerned only with price, but purchasers must consider being able to not only buy the diamond for the right price but also determine how profitable it could be and who would be able to buy it.

This means that the most common buyers of diamonds will be jewelers who will use the precious stones to create their works of art. They then make jewelry using the diamonds and sell the resulting products to their clients.

diamond, D1, investment, portfolio, IDEX
The issue lies in the fact that jewelers generally only buy diamonds when they need them to restock on supply. There is very little secondary market involved in the asset class asides from used jewelry sales and lack of opportunities to sell a particular diamond without being in the know about interested parties in your area.

So the question is: how do we get the more investors involved?

Natural polished diamonds represent a rare asset that combines stability, scarcity, and acts as a means of transferring value. However, many would be frightened off by the ever-present low liquidity.

These three main issues make overcoming the liquidity problem difficult:

  • Diamonds, even with an appraisal, are highly subjective to pricing by both parties. If both don’t agree to the cost of the diamond, a sale can’t be made.
  • Diamonds have a high cost of entry and common investors typically build physical investments over time, rather than actively trading them.
  • Diamonds, like all physical assets, are difficult to move around the world with. Security and local laws must be taken into account and may cause a hassle for investors.

Luckily, we’ve come up with a solution.

diamond, D1, investment, portfolio, IDEX
D1 Brings A Solution To The Table

Enter D1 Coin, the asset-backed crypto token representing 1/1000th of a diamond carat.

With the D1 Coin, investors are able to not only place their funds within a fungible, stable currency, but they are also able to tackle one of the biggest hurdles of diamond investing. With D1 Coins being equivalent to a diamond’s weight rather than subjective value, we fast-track the ability to price out the diamond and eliminate the need for both parties to review the diamond in person.

By utilizing the liquidity inherent within the crypto economy, D1 Coins become a digital representation of a diamond, where users are able to easily utilize it to store their wealth, pay others, and exchange for physical diamonds from the D1 Reserve.

diamond, D1, investment, portfolio, IDEX

So, what’s the best part?

While gold and silver can be traded on the commodities markets, diamonds are absent due to the requirement of reviewing each and every diamond to go through. However, with D1 Coin, investors and traders alike can now utilize the crypto markets in the same manner as one would with precious metals trading, knowing that each token is backed by the weight of a GIA certified diamond.

It’s like returning to the gold standard on steroids.

Imagine being able to pay someone in diamonds in the span of a few seconds, or earning and saving up for a diamond that you could hold in your hands, or putting a ring on the finger of someone you love. Imagine having a safe and secure store of value that you can transfer anywhere in the world.

This is why the D1 project is so revolutionary.

About D1

D1 aims to be one of the top asset-backed crypto tokens accessible by everyone, backed by the valuable and rare investment-grade natural polished diamonds.

Investors from the ultra-rich to the retirement-minded can purchase and trade these coins with the peace of mind knowing that each holds the value of 1/1000th of a carat of hand selected quality diamonds.

Image: Pixabay

The post The Solution to the Biggest Problem in Diamond Investing appeared first on Live Bitcoin News.

Source: Bitcoin News

Small Step for Noah, a Giant Leap for the Industry: Resort Gets Ready to Accept Crypto

Noah Pay – a breakthrough application for crypto payments, has been officially announced by the Noah Project this week. Using the app, it will be possible to book accommodation, flights and in general purchase any goods and services with Noah Coin.

In spite of the fact that digital money gains more popularity and people even would like to have at least part of their earnings paid in cryptos, it is still quite difficult to freely use virtual coins. The Noah Project is one of those ambitious innovators that do really important things and are ready to change the world. The project team is now building Noah City in Horizon Manila where crypto owners will be able to spend their funds, creating a chic travel paradise Noah Resort, and developing hi-tech remittance solution.

Earlier this year, the company launched Noah Wallet to make transactions faster,  convenient and secure. Today, the project is glad to present its new product to the public – Noah Pay.

Noah Pay is a blockchain-based application that will allow crypto holders to purchase any goods and services for digital money. It is a very simple, user-friendly, and interactive assistant making it possible to carry out transactions and do shopping with cryptocurrencies just in one click. Noah Pay makes this process instant, transparent, safe, and borderless.

“In our opinion, the market lacks such solutions that can eliminate the barrier between population and advanced technologies and promote their mass adoption. We are sure that our application will accelerate usage of cryptocurrency payments and allow people to take full advantage of them in real lives,” the Noah team stated.

How does Noah Pay work? The application will be available on smartphones, tablets and other devices. Users need only a login and password to start dealing with digital payments and buy anything they want with cryptocurrency. For now, only Noah Resort’s services are available but the developers plan to expand the list of products. For the moment, customers can pay with Noah Coins, the internal project token. In future, Noah Pay will offer other cryptocurrency options as well.

Interface of Noah Pay

The project has already made significant progress on the international blockchain arena. In addition to the development of Noah Wallet and Noah Pay, the company cooperates with such payment gateways as PayRemit and CoinPayments, as well as listed Noah Coin on seven large exchange platforms (HitBTC, Changelly, BTC-Alpha, Mercatox, LiveCoin, YoBit, and Ataix).

The achievements of the venture also drew attention of the Philippines’ Department of Science and Technology that coordinates scientific and technological efforts targeted at facilitating economic growth in the Philippines. The department’s specialists have recently visited Dakak to explore blockchain together with the Noah team.

Travelers will be the first to enjoy Noah Pay and the unique experience it offers. Later on, the project plans to expand the application functions far beyond tourism, involving new merchants and customers worldwide. Indeed, Noah Pay promises to become a game-changer in the industry and help innovations to deeply penetrate into the lives of both – clients and businesses.

About the Noah Project

The Noah Project is developing a perfect crypto ecosystem including Noah City, Noah Resort, and remittance platform driven by blockchain. The main idea of the venture is to gather traders, travelers, customers, and other people interested in breakthrough technologies in the crypto-friendly place where they will be able to manage their finance in an easier, faster, cheaper, and more secure way.

To learn more about the Noah Project, visit the official website, follow the project on Facebook and Twitter, as well as join the Telegram chat.

The post Small Step for Noah, a Giant Leap for the Industry: Resort Gets Ready to Accept Crypto appeared first on Live Bitcoin News.

Source: Bitcoin News

BEF Davos 2019: World Economists to Settle the Foundations for the Future Decentralized Financial System

LATOKEN —the #1 exchange in liquidity for new tokens— is kicking off 2019 with the 4th edition of the Blockchain Economic Forum: The Decentralized Financial System.

More than 100 high-profile economists, regulators, officials, and business leaders from all around the world will join us for three days to set the ground rules for the design, governance and monetary policy of a more inclusive and transparent financial system.

Davos: A Town Of Opportunities

Previous Blockchain Economic Forums took place in some of the world’s greatest cities, including New York, Singapore, and San Francisco.

This time is different. The Blockchain Economic Forum will leave the asphalt jungles behind and move the discussion of technological and structural changes in the financial system, capital markets and states to Davos, Switzerland.

Every year, this small Alpine town hosts over 3,000 leaders of the global society to chart the course for regional and global development. This coming January, they will also have the opportunity to shape the future of global finance at the Blockchain Economic Forum, to be held at the Arabella Hotel Waldhuus Davos from January 24-26, 2019.

BEF Speakers Are Hard To Ignore

The Blockchain Economic Forum in Davos will feature world-renowned specialists from the private and public sectors, including:
● Nouriel Roubini — Special Keynote Speaker. Topic: ‘Central Bank Digital Currencies: monetary policy, banks and financial systems’.
● Gottfried Leibbrandt, CEO SWIFT
● Ashish Dev, Board Of Governors US Federal Reserve
● Sergei Guriev, Chief Economist EBRD
● Binh Truong Gia, Chairman FPT Corporation
● Rana Foroohar, Financial Times
● Anthony Scaramucci, SkyBridge Capital
● Jeff Schumacher, BCG Digital Ventures
● Alex Cukierman, Bank of Israel’s Monetary Committee
● Gauti Eggertsson, Former IMF and Fed New York
● David Andolfatto, Vice President, Fed St. Louis
● Miles Kimball, National Bureau of Economics Research
● Joshua Aizenman, National Bureau of Economic Research
● Elen Agler, The End Fund

An Agenda For The Future

Day 1: Capital Markets Night

The first day of the Blockchain Economic Forum will bring attention to two of the hottest topics in the cryptocurrency and blockchain world: tokenization and regulation. Panels:
● Capital Markets 2025: Tokenization and Retail Exchanges?
● Payment Systems 2020

Day 2: Board of Governors for The New Financial System

The second day of the Blockchain Economic Forum will take a more practical approach.
Panelists will work on the fundamentals for a global central bank, its currency and the structure necessary to make it viable. Panels:
● The New Financial System: Decentralized?
● Toward Sustainable Development Goals (SDG)
● The Board and Monetary Policy for A Decentralized Currency
● State on Blockchain as a Service

Day 3: LATOKEN Networking Reception

Networking is a cornerstone of the Blockchain Economic Forum. Startups that presented their projects at BEF’s previous editions have raised over $400 million in investment.

The Blockchain Economic Forum in Davos will be no exception. Multi-billion dollar fund managers, high-ranking government officials, Nobel Prize winners and top entrepreneurs will shake hands at the LATOKEN Networking Reception on January 26 at 21:00.

For more information about BEF Davos, please visit
LATOKEN Corporate Communications: Matias Lapuschin |
LATOKEN Global Events Director:

Website BEF Davos:
Website LATOKEN:


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Source: Bitcoin News

Get Ready for Cryptocurrency Market Volatility

Bitcoin and other cryptocurrencies plummeted once again on Monday. Bitcoin has dropped through the $6000 level, fell to a one year low, and almost touched the $4500 barrier. What is a worry for bitcoin and altcoin holders, is a great opportunity for CFD traders that can take short positions. Make sure you have your trading accounts ready when huge price swings come.

On Sunday and Monday, November 18-19 digital coin market capitalization fell by more than $14 billion. On Monday morning (UCT) Bitcoin fell sharply reaching the lowest point in over a year. The leading cryptocurrency almost touched the psychological barrier of $5000. Major altcoins – Ethereum, XRP, Bitcoin, and Litecoin followed. Bloomberg Galaxy Crypto Index dropped by almost 7 percent to a one year low, too.

simplefx, bitcoin, market, christmas, new year

Before the mid-November, it seemed that the $6,000 level for Bitcoin is a hard barrier. The bulls defended it for over half a year. As you can see the price dropped below the barrier and the market started testing the next $4500 wall.

Analyst comment that finally the volatility may have returned to the cryptocurrency market. The recent sell-off was probably caused by two events. First is the growing concern about the bull market last. As you can see on the 1-day Nasdaq 100 Index chart below, the stock market is falling since the beginning of October.

simplefx, bitcoin, market, christmas, new year

Second is the uncertainty and division among the cryptocurrency leaders and developers. Last weeks’ Bitcoin Cash hard fork may have caused some of the stir. The network divided after rival software-development groups failed to reach an agreement on how to improve the altcoin. That led to a kind of cold war with computing power, instead of nuclear power, arms race.

BCH division and controversy

Since it’s creating, which came as an effect of a feud between original Bitcoin factions, Bitcoin Cash was supposed to perform a scheduled protocol upgrade twice a year. It was always assumed to be a hard fork, that is a protocol change where the nodes running previous versions will no longer work with the new version nodes.

The newest hard fork was supposed to happen on November 15 but was sabotaged by competing groups. As a result, BCH split into three factions –  a conservative Bitcoin ABC led by Roger Ver that believes BCH worked well, a progressive Bitcoin SV led by Craig Wright, who had declared himself as BTC creator Satoshi Nakamoto, and a neutral consolatory fraction Bitcoin Unlimited.

simplefx, bitcoin, market, christmas, new year

Here’s what happened to BCHUSD as a result of the conflict among the developers, source: SimpleFX WebTrader.

Get your CFD account ready for the stormy crypto forecasts

At the moment the most aggressive crypto bulls are reviewing their forecasts. A managing partner at Fundstrat Global Advisors Thomas J. Lee cut his BTCUSD target for the end of 2018 from $25,000 to $15,000. His explanation is quite clear: “Crypto-specific events have led to greater uncertainty in the crypto market, including the contentious hard fork for Bitcoin Cash,” said Lee quoted by Bloomberg.

An influential crypto trader Hsaka commented on Twitter: “$BTC Update. Could be forming a nifty little range here. Swept shortstops and tested range bottom. Swept long stops. Now if price can reclaim the zone around $5,400, a retest of $5,600s looks likely.”

simplefx, bitcoin, market, christmas, new yearXRP has been an attractive CFD trading instrument recently, source: SimpleFX WebTrader

Make sure you make the most of the possible price swing coming. Deposit some money on your crypto CFD trading accounts. SimpleFX WebTrader app designed for mobile is a perfect solution for reactive trading. It offers free multicurrency accounts, including Bitcoin, Bitcoin Cash, Dash, Litecoin, Ethereum, and no minimum deposits. Give it a try now, and make sure you keep SimpleFX WebTrader in your pocket when you learn about next steep crypto price moves.

The post Get Ready for Cryptocurrency Market Volatility appeared first on Live Bitcoin News.

Source: Bitcoin News

Another Big Win at BitStarz – Jungle Rumble Lands Player $80,000 Prize!

When we say “Dream Big, Win Bigger”, we really mean it. Here at BitStarz, we want to be anything but ordinary, which is why we’re not afraid to payout the big bucks to our players. This year alone our players have won millions in prizes, with big payouts including $45,000, $59,000, $148,000, $206,000, $265,000, and even a whopping $300,000 (19.2 BTC). Joining the ranks of our biggest winners, one player has scooped $80,000 by spinning the reels of Jungle Rumble.

There’s a Rumble in the Jungle

Jungle Rumble might not be our biggest slot, but it’s sure to become one of our most popular games in the weeks to come. Featuring 5 reels, 25 paylines, and some tantalizing bonus features, Jungle Rumble lets players rock the reels with ease, with there being plenty of cash up for grabs for players to win. One player has taken full advantage of Jungle Rumble and all it has to offer to the tune of $80,000 – talk about a Christmas present to remember.

A Year to Remember

This latest win proves that 2018 really has been our year, as our players have experienced one amazing ride. More than 1800 games, 10-minute cashouts, 24-hour customer service, and some of the most unique promotions around have all been served up. Trust us when we say that we’re only getting warmed up, with 2019 on the horizon now is the perfect time to join BitStarz. We’re turning up the heat with our Christmas cracker of a welcome bonus, as all new players can get up to 5 BTC in bonuses and 180 free spins.

Awards and Rewards Just Keep Coming

We take plenty of pride in being a true industry innovator, so don’t expect BitStarz to be “just another online casino.” Market leading is what we’re all about, which is exactly why we’ve been earning critical acclaim all year long. AskGamblers’ named us Best Casino of 2017, while we also earned two nominations for CRM Campaign of the Year and Innovation in Casino at the prestigious EGR Awards. As we keep bringing players the ultimate cryptocurrency casino experience, our players can expect the money to flow and – hopefully – the awards and nominations to keep coming.

Will You Be The Next Big BitStarz Winner?

Speaking on the recent BitStarz big win, Srdjan Kapor (BitStarz Marketing Manager) said:

“This year has been electric for us, as we’ve been making huge strides across the board. Big wins have been at the heart of that, as we’re happy to announce that yet another smashing prize has been paid out. One player has won $80,000 on Jungle Rumble, which is quite the early Christmas present if you ask us.”

BitStarz is powering towards to 2019 – will you ring in the New Year as our next big winner? There is only one way to find out!

For more information on BitStarz and our action-packed casino platform, please contact Srdjan Kapor at

Press contact:

Srdjan Kapor
Marketing Manager


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Source: Bitcoin News

CoinPoker Invites Cryptography and Poker Experts to Debunk their Transparent Card Shuffling Software and Take Home 1,000,000 CHP Bug Bounty

CoinPoker, a cryptocurrency based online poker platform, is pleased to announce the official release of its open source random number generation software that allows the players to engage in card shuffling and verify the fairness of hands. The launch of this software promises to be a giant step forward for the industry, and CoinPoker is offering a 1,000,000 CHP Bug Bounty to the testers for identifying flaws in the software.

Prior to the inception of CoinPoker in 2017, transparency and security of online poker games were serious concerns for the industry. Card shuffling software and random number generators have been the objects of scrutiny from suspicious players, and building trust has never been easy for most of the poker sites.

This is partially because of the fact that unfair practices and cheating takes place in even the biggest of poker rooms on the market. From PlanetPoker, the first market leader in online poker, through to Full Tilt, incidents of unethical practices have surfaced out about numerous sites.  With transparency being the industry’s Achilles’ heel, CoinPoker was created to deliver unprecedented security and transparency.

The decentralized random number generation (RNG) software from CoinPoker makes use of input from all players at a table to shuffle the deck, giving them the power to prove the fairness of the shuffle. Utilizing the same cryptographic hash function used on the Ethereum network (KECCAK-256), CoinPoker has developed a robust RNG module that can’t be reverse engineered.  As a result, it is possible to safely disclose information about the order of the deck, and boost transparency in online poker. Players can verify the randomness of the deck, as well as see the undealt cards after the hands are completed.

The advent of this RNG module brings about a paradigm shift in the industry because unlike the traditional online poker rooms with closed systems, it allows the players to participate in the shuffling process.

CoinPoker is delighted to invite software experts and cryptography enthusiast to test the new RNG software for bugs. If the card shuffler can be proven wrong, the reward is 1,000,000 CHP tokens, the proprietary utility token of the platform.  The objective of this bounty program is to combat any doubts about the software’s integrity, and eliminate any errors, should they exist, in the process.

The Bug Bounty goes to anyone who can fulfill one of the following conditions.

  • Prove that players don’t have an equal possibility to participate in the card deck shuffling
  • Prove that player cannot impact card deck shuffling with following rules:
  • Prove the existence of a seed that enhances the probability of winning.
  • Decode the initial deck’s cards from card hashes at the beginning of a hand.

For more details, please visit CoinPoker’s official Bug Bounty page, or contact their support team via Telegram or email.

About CoinPoker: Developed by an ambitious team of poker lovers, CoinPoker is a revolutionary platform that uses blockchain technology to address key issues in the online poker industry. The platform uses its proprietary CHP tokens to ensure quick and secure transactions. The coin is also used for all CoinPoker deposits, withdrawals, and bets in between.



The post CoinPoker Invites Cryptography and Poker Experts to Debunk their Transparent Card Shuffling Software and Take Home 1,000,000 CHP Bug Bounty appeared first on Live Bitcoin News.

Source: Bitcoin News