Bitcoin Video Casino – Las Vegas at Your Service

Bitcoin Video Casino is an online Bitcoin Casino that features seven of the most popular casino games in online gambling sector, and presents them via a unique, user-friendly interface. This casino started operating back in 2012. It accepts Bitcoin only and presents its platform in English language only. Being one of the pioneers in Bitcoin gambling, this website is currently for sale on the market.

Bitcoin Casino

Bitcoin Video Casino offers players the chance to play several traditional casino-based games, such as blackjack, roulette, Bitcoin slots, dice, video poker, keno, and craps. All the games are provably fair, so players are assured of its seal of authenticity.

This Bitcoin Casino allows players to stay anonymous. Visitors are automatically provided with an ID, which will function as the player’s primary identity. In terms of security, Bitcoin Video Casino enables accounts to be protected by a password and two-factor authentication for security.

At Bitcoin Video Casino depositing Bitcoins is processed instantly, so any amount sent to the address posted at the bottom of the screen or to the corresponding QR code will be reflected in the account balance right away. Withdrawals, however, will need the previous deposits to go through on at least two confirmations before they get processed. It can take up to 20 minutes, so withdrawals should be quicker than you expect, but keep in mind that the site charges 0.0001 BTC transaction fee for every cashout. In addition, players have the option to assign a fixed withdrawal address instead of inputting the same Bitcoin address.

Bitcoin Video Casino also offers the players a chance to play on their mobile phones. It offers an Android app that can be installed on any mobile device. However, it does not offer all the games on the site, except video poker and blackjack.

In terms of support, the site offers players an excellent and responsive customer support department. Players can contact either by email or their social media account.

Bitcoin Video Casino is one of the longest-staying Bitcoin gambling platforms in this digital currency ecosystem. If you haven’t tried Bitcoin Video Casino before, it is probably time you give it a try.

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The opinions expressed in this article do not represent the views of NewsBTC or any of its team members.  NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories such as this one.

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Ethereum DAO token crowdsale is the best performing crowdfunding campaign so far! The platform has raised over $34.45 million in less than 15 days of launch.

The Ethereum DAO crowdsale has been one of the most successful crowdfunding campaigns to date. DAO (Decentralized Autonomous Organization) created over the blockchain are the new generation of organizations or companies operating in a democratic fashion. The concept created by Ethereum protocol can be executed through smart contracts to carry out all the operations in an organization.

The Ethereum Foundation recently created and launched its own DAO. In order to fund the operations of this decentralized organization created and introduced the crowdsale of its DAO tokens. These DAO tokens were made available to the cryptocurrency community for sale. The price of 100 DAO tokens is fixed at 1 Ether for the first two weeks of a month-long sale. After a fortnight, the price for the same amount of DAO token will be increased daily by 0.05 ETH only to finally sell it at 1.5 ETH per 100 tokens during the last 4 days of the crowdsale.

Crowdsale is a widely used concept in the cryptocurrency industry these days. Many digital currency platforms have so far have conducted a crowdsale with varying degrees of success by selling a pre-decided number of crypto-tokens. These tokens on crowdsale were generally pre-mined in the initial platform creation process and the same are sold to individuals and institutions. By selling the initial pre-mined digital tokens, the company/developers raise the required funds to continue development and support other resources.

The Ethereum DAO allows community participation in the development by allowing DAO token holders to submit proposals, vote for proposals and contractors to develop and implement the proposals. The ether associated with DAO will be spent on the proposals. And at the same time, DAO ensures transparency in operations as well.

Ethereum already has the distinction of being the biggest crowdfunded campaign. Now, with the DAO token crowd sale, they are exceeding the previous record by already raising over $34.45 million by giving out 367.7 million DAO tokens against 3.68 million ether tokens. The DAO crowdsale is going to go on for another 17 days and there are just 3 more days left before the price increases.

The DAOs are being increasingly used by platforms like DigixGlobal and more, to facilitate operations. The same may soon be used by companies to facilitate the governance and drive management decisions in the near future.

Ref: The DAO Image: NewsBTC

In this morning’s bitcoin price watch article, the framework we placed over the market involved two primary elements. The first, an upward sloping triangle. This offered us an opportunity to enter short, if price broke through it. The second was a more traditional range, with our entry points defined as a break and close above or below resistance and support respectively.

Action has now matured across the bitcoin price session, and we’ve had plenty of volatility to discuss in this evening’s analysis. So, here goes. Action today was very much to the downside. Price broke through the lower channel of our upward sloping triangle shortly after we published our first analysis, and as per our strategy, this put us short towards resistance. We immediately saw a sustained run down to this level, and price took out our downside target for a nice profit.

We are currently trading just shy of the support level we defined earlier this morning, but for the purposes of this evening’s analysis, we are going to redefine our range to take into consideration today’s action.

So, take a look at the chart below to get an idea of what we are focusing on this evening. It’s an intraday, candlestick chart on the fifteen-minute timeframe.

Screen Shot 2016-05-10 at 17.55.23

As the chart shows, then, the range we are looking at is defined by in term support at 445, and in term resistance at 452. Using these levels, and in line with the strategy we discussed a little earlier, we will look to enter long on a close above resistance, and short on a close below support.

In the first instance, we’ll enter long towards an initial upside target of 458. A stop on this one at 450 flat defines risk. In the second, we’ll enter short towards 440 flat, and use a stop loss at 448 to keep things tight on the risk management side of the trade.

Charts courtesy of SimpleFX

Image: NewsBTC

With the changes being made to the way Bitcoin is taxed in Australia, it appears as of the Australian Securities Exchange will be undergoing changes as well. If this would occur, the new guidelines will have an impact on Bitcoin companies listed on ASX in the future.

ASX Regulation Changes – Yay or Nay?

As is the case with any major regulatory decision to be made, there are those in favour and others who oppose these pending changes. Steve Baxter, one of many well-known tech investors in the world, feels the ASX needs to update its listing regulations, rather than stemming the flow of early-stage tech startups joining the exchange.

Unlike what most people would assume, however, Baxter is proposing to introduce fewer listing regulations, rather than more. Moreover, he is not aiming to prevent anyone from getting listed on ASX by any means, as he is a supporter of how the exchange has supported early-stage companies so far. But getting listed on the ASX is just one thing, as getting tech startups to the AU$1bn valuation is a different matter altogether.

The proposals made by the Australian Securities Exchange itself would – probably, yet not confirmed – introduce tighter financial thresholds, as well as bring changes to the breadth of shareholders registers. Some people feel these pending changes are great news for investors, as there is a growing number of tech companies listing with close to no revenue whatsoever.

While it certainly true tech enterprises and entrepreneurs should not see the ASX as a funding source, there is a growing interest in tech companies from investors. At the same time, there are a lot of investors who pull the trigger whenever they see a creative concept, even though not every startup and company will succeed.

TechnologyOne Chief Executive Adrian Di Marco stated:

“We’re getting to a point where valuations are getting heavy in the market and we could potentially see another dot com bust. These companies are being priced for their blue sky potential … Until you have a proven business model, it’s tough going onto the stock exchange, and it’s a recipe for disaster.”

If the ASX goes through with their own proposals, there will be an impact on Bitcoin companies looking to get listed. Tighter regulation would make it harder for startups and entrepreneurs to get on the Exchange, whereas fewer restrictions could be quite beneficial. Changes which discourage growing companies from listing is not the right way to go, and the current requirements should be sufficient to weed out ‘bad companies”.

Source: AFR

Header image courtesy of NewsBTC

LastPass, the secure password manager, and vault service has announced Bitcoin support! The announcement was recently made on the company’s twitter channel. However, the exact timeline for Bitcoin support is not yet known.


We have so many online services out there meant to make our lives easy. They do, up to a certain extent except for the login process which requires passwords. With concerns about the security, creating strong passwords as per the platforms specification itself is a hard task, let alone trying to remember them all.

The sheer number of login credentials one has to maintain has increased from a couple of emails to close to hundreds of credentials, for each account. Bitcoin platforms is now another addition to the already long list of online platforms. So, if you are a Bitcoin user, there it likely that you have signed up for at least two online wallet services, a couple of Bitcoin exchanges and maybe few Bitcoin and forex trade platforms.

Online financial platforms need higher security features as the threat of hacking and cyber-attacks are also more. In order to ensure the safety of user funds, these platform insists on complex passwords and two-factor authentication. LastPass is very instrumental in simplifying the user experience on online applications without compromising on the security. With Bitcoin support, the company has realized the ever increasing demand for Bitcoin.

LastPass, the Fairfax, the VA-based company allows people to store passwords and notes in a secure vault making the whole online experience pleasurable. Currently, LastPass supports credentials for almost all widely used websites and web applications. In addition to the secure vault, one can directly use its inbuilt service to create random passwords for their accounts as well. This will ensure that their users’ account will always be secure. Even changing passwords is made easy with LastPass.

With Bitcoin support, the community can breathe easy as LastPass offers high-level encryption for user data in the form of AES-256-bit encryption, salted hashing, and PBKDF2 SHA-256. The company has a package for everyone, whether you are individual or an enterprise.

LastPass is not the only thing that is currently looking at Bitcoin, we have more and more companies considering digital currencies support.

Image Header courtesy of NewsBTC

Bitcoin developers are always looking to add new features and improvements to the many available wallet solutions. The introduction of committed bloom filters will be a significant milestone for privacy as the BIP37 SPV solution needs to be reworked.

Committed Bloom Filters Versus BIP37 SPV

For Bitcoin users who have been embracing the lightweight client model, there are some issues associated with BIP37 SPV in its current implementation. First of all, the originally anticipated levels of privacy will not be achieved through BIP37 SPV wallet support. The probabilistic nature of bloom filters offers no privacy whatsoever, and a wrongful implementation of this technology will only make matters significantly worse.

Secondly, there are mounting concerns over the CPU usage required for Bitcoin lightweight clients, which are often used as network nodes. Moreover, this causes a DDoS risk, as clients can continuously request taxing blocks, causing the client to reprocess the same block over and over again.

But that is not all, as lightweight wallet clients using BIP37 SPV will validate outputs, which does not necessarily reflect the output has been spent today. Additionally, all BIP37 SPV lightweight wallet clients on the Bitcoin network can be DDoS’ed by other network nodes by returning “null filter results” for requests.

A solution has to be found, which may very well come in the form of committed bloom filters. These committed bloom filters can actually replace the BIP37 SPV standard as individual filters can be cached between clients rather than requiring to be recomputed. Additionally, regular nodes can complete blockchain and transaction re-scans without having the block data available on the device.

Security is of the utmost importance when suggesting newer technologies on a large scale, and a proposal is made to present bloom filters to lightweight clients through semi-trusted oracles.These oracles can range from wallet vendors to service providers, all of whom sigh the BFD – Bloom Filter Digest – for every individual block.

It is important to note this solution would prevent oracles from learning additional information about the client wallet. Moreover, clients will have additional privacy solutions at their disposal, as they can download the block data from Bitcoin nodes, NTTP, HTTP servers, or any other source providing adequate privacy.

Last but not least, changing from BIP37 SPV to committed bloom filters does not involve a hard fork, nor does it require any changes to be made to existing mining software. The only requirement is not to have coinbase transaction scriptSig included in the bloom filter itself, which should not be all that difficult to adhere to.

Source: Linux Foundation

Header image courtesy of NewsBTC

The European session is about to begin, and action overnight in the bitcoin price has given us plenty to  go at as far as interpretation is concerned. We got the nearing completion of a classical technical pattern – specifically, an upward sloping triangle – and some overnight highs to round off our parameters with solid support. To the downside, we’ve also got some pretty clearly defined parameters that we can use to get in short if action affords us an opportunity to do so.  So, with this said, here is a look at what we are focusing on in the bitcoin price  today, and where we will look to get in and out of the markets according to our intraday strategies going forward.

The chart below shows the above-mentioned action, with a candlestick representation across the 15-minute time frame.

Screen Shot 2016-05-10 at 09.57.15

As the chart shows, we have support to the downside at 455, and to the upside, resistance at 460 flat. With about five dollars’ worth of range to play with, intrarange is just about possible – although in order to justify any entries, a tight stop loss will be required no more than one or two dollars the other side of the key level in question.

Looking at things in line with our breakout strategy, if price closes above resistance it will signal a long position towards 465 as an initial upside target. A close below the upward sloping trend line (orange, chart) offers a nice quick scalp towards support. A second short on the close below resistance is available, with a downside target of 450 and a stop loss somewhere in the region of 457 to define risk on the position.

Bear in mind that volume was pretty low over the weekend, and if we see a continuation of this as we head into midweek, we might see some choppy action around the predefined key levels.

Charts courtesy of SimpleFX

Image courtesy of NewsBTC

mBit Casino is one of the leading online Bitcoin casinos. mBit offers an easy-to-use interface with hundreds of different games, from slots to blackjack and bitcoin sports betting.

mBitCasino also offers non-stop promotions, the best, most available support team, and is always introducing new games. The company offers new players a sign-up bonus deposit and also offers other frequent reload and deposit bonuses as well. The more you play, the bigger and more frequent bonuses that you will receive. After the sign up you only need to look for your frequent promotions and you will be on your way to more player rewards.

The company selection of Bitcoin gambling games is very wide and constantly updating. mBit has all of the traditional casino games, like blackjack, roulette, and craps, but options extend well beyond these choices. In addition to the regular variety of online Bitcoin games, the company also has these games available in Live Dealer format. mBit Live Dealer games allow players to interact, one on one, with real dealers, and with real, physical playing cards. You get to play your favorite games in real time with other players and experience the action just as if you were in an actual brick and mortar casino.

The company also offers its customers bullet proof security. mBit keeps your information secure, your payments processed quickly and anonymously. mBit Casino guarantees that your payments are both 100% private and that your funds will be processed in a timely manner.

mBit Casino is perhaps the coolest online Casino in Bitcoin ecosystem. Don’t miss the opportunity to try out mBitCasino. If you haven’t tried mBit before, you can do so now and take advantage of a sign-up bonus, and who knows you might be processing a big cash out sometime soon!

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The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories such as this one.

Key Highlights

  • Ethereum price continued to stay under a bearish pressure vs the US Dollar, and may trade a few points lower.
  • Yesterday’s highlighted bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a resistance.
  • The price is now below the 100 hourly simple moving average, which may ignite a downside reaction.

Ethereum price attempted a break yesterday, but failed. It looks like ETH/USD bears may step in to take the price towards $9.00.

Ethereum Price – Downside Reaction?

Ethereum price ETH traded above the 100 hourly simple moving average for some time, but failed to gain traction. As a result, the price moved down, and there was even a close below the 100 hourly SMA. I highlighted a bearish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD yesterday, and was hoping for a break.

However, the ETH bulls failed to break the trend line resistance, and the price moved down. Now, since there is an hourly close below the 100 SMA, it increases the chance of ETH/USD moving down a few points in the short term. Please note, I am not saying it will fall and decline heavily. I mean there may be a move down towards $9.00 if the price remains under a bearish pressure, as there was a failure near the 61.8% Fibonacci retracement level of the last drop from the $10.40 high to $8.40.

Ethereum Price Technical Analysis

If you are looking to sell, then consider it as long as the price is below the 100 hourly SMA. A close back above it may again put ETH on a bullish path.

Hourly MACD – The MACD might change the slope to the bullish area, but there is a no major sign yet.

Hourly RSI – The RSI is below the 50 level, which is a bearish sign in the short term.

Intraday Support Level – $9.00

Intraday Resistance Level – $9.50


Charts courtesy of Kraken via Trading View

Header Image: NewsBTC

Bitcoin Price Technical Analysis

  • Bitcoin price is starting to trend higher on its short-term time frame, moving inside a rising channel on its 1-hour chart.
  • Price is currently testing the channel resistance around $465 and might be due for a move back towards support.
  • If so, a bounce off the $450 level could be seen again. Technical indicators are looking mixed.

Bitcoin price is trending higher but might be due for a quick drop to the bottom of its short-term uptrend channel.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the upside. The gap between the moving averages is widening so bullish momentum is strengthening.

However, stochastic is on the move down so bitcoin price could follow suit, supporting the idea that a test of the channel support at $450 is possible. Similarly, RSI is pointing down and making its way out of the overbought area to show that profit-taking off the recent rallies is in play.

Once these oscillators reach the oversold regions, buying pressure could return and lead to a bounce back to the resistance. In addition, the nearby moving averages could hold as dynamic support levels.


Market Events

Downbeat NFP data from the US economy last week spurred a late Friday rally for bitcoin price against the dollar, as the report reminded traders that the Fed isn’t likely to increase interest rates in June. However, downbeat global data appears to have brought risk aversion back to the table and might support the safe-haven dollar against riskier assets like bitcoin.

Over the weekend, China printed a larger trade surplus but the report components showed a 10.9% drop in imports, their 18th consecutive monthly decline. This could spur yet another downturn in commodities, dragging other higher-yielding assets lower in the process.

Later on in the week, US retail sales and PPI figures are due and strong data could keep the dollar supported. On the other hand, another batch of disappointing results could lead investors to prop up bitcoin price.

Charts from SimpleFX

Image via NewsBTC Graphics