Category: Cryptocurrency News

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The meme frenzy which has taken up much of this year and is still very much alive in certain sections of social media brought a massive amount of people into the world of crypto. Some will have left immediately, others will have branched out, and a minuscule portion are likely still on a hot streak…
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Bitcoin liquidations have continued as the year draws to an end. The year has been rocked with liquidations that have gone past the $100 billion mark and there does not seem to be a stop even as 2022 rolls around. Long traders have had to bear the brunt of the losses given the recent downtrend. As bitcoin looks set to finish the year off below $50K, these losses will continue well into the year. Bitcoin Liquidations Continue Data on the 12 and 24-hour scales on Coinglass shows that bitcoin liquidations have not really slowed down. This number has climbed for the past 12 hours as of the time of this writing and has grown past $31 million in the same time period. For the 24-hour volume, the number is much higher at $46 million but shows more losses recorded over the last 2 hours than the whole day. Related Reading | Bitcoin Only Works For The Wealthy, Senator Elizabeth Warren This follows the general trend of 2021 that has seen long traders suffer tremendously in the market. While there certainly was money to be made for these long traders due to the various bull rallies that the market experienced, the crashes were swift and brutal leading to quick liquidations that went into the billions of dollars. BTC trading at $47K | Source: BTCUSD on TradingView.com Bitcoin short traders have been doing well with the downtrend as bears continue to drag BTC’s price down. The majority of the liquidations recorded for the digital assets have been for long traders. The highest volume has been from crypto exchange Binance which hosts the majority of traders in the market given its trading volume. Ethereum Trades Not Left Out Bitcoin traders are not the only ones suffering the effects of ongoing market liquidations. Ethereum traders are also bearing a significant portion of the weight with this. The digital asset has also seen traders get rekt on both the 12 and 24-hour time frames, with liquidations going into the tens of millions. Like bitcoin, the 12-hour liquidations have made more impact than their 24-hour counterparts. Ethereum liquidations for the past 12 hours have come out to over $21 million. While on the 24-hour scale, there have been a total of $38 million in liquidations going on. Related Reading | Bitcoin Should Not Be Measured In Dollar Terms, Says Pompliano Long traders are once again seeing the majority of the losses. Since ETH’s price, moving in tandem with that of bitcoin has continued to decline, these long traders are seeing their positions liquidated and are incurring heavy losses. Additionally, Binance is also the exchange recording most of the liquidations on this end. LUNA traders are also feeling some of the heat with over $2 million liquidated in the past 24 hours. If the market continues its current trend, traders may only be seeing what is the start of a stretched-out period of liquidations. Featured image from Time.com, chart from TradingView.com

The sobering fallout of rug-pulled YEAR token has provided an acrimonious ending to a commendable 12 months of growth for decentralized finance.

If you’ve bet with Bitcoins and other cryptocurrencies before, you’ll understand new crypto casinos are springing up all the time. You’ll probably also know that the days of homebrew titles are behind us, with many of today’s top casino games now playable with BTC, LTC, ETH and others. Just how many and what types of cryptocurrency games can you expect to play at top casinos, though. There are several thousand games at Rollers.io and similar casinos, and many of those span the most popular genres around. Let’s take a closer look at the specific crypto casino games you should expect to see in any betting site worth its salt in 2021. Play Virtually All Major Slot Hits Pop into the “right casino”, and you’ll find virtually all major slot machines available to play as cryptocurrency-friendly releases. Of course, there are always one or two software providers who haven’t yet made the leap to offering crypto-friendly slots, but most have. Today, games like NetEnt’s Starburst, Pragmatic Play’s Wolf Gold, and Play ‘n Go’s Rich Wilde and the Book of Dead are can all be played with cryptocurrencies, or at least with Bitcoin. Try Your Hand at RNG Table Games While slots form the lion’s share of any cryptocurrency casino’s arsenal of games, they aren’t the only titles you can choose from. Many traditional casino games are available to play, too, including baccarat, blackjack, roulette, and table poker. You’ll also find craps, dice games, Asian favorites like Sic Bo and others. These games can appear in one of two formats. RNG games (random number generator) are played against an AI dealer, with no human element present. Each hand is determined at random using an algorithm. Opt for Realism with Live Dealer Casino Titles The other way that you can play table games is to opt for the live dealer approach. Evolution Gaming, Ezugi and many top live dealer providers have also made their games crypto-friendly. These games are played over a live video stream and feature a human dealer. These games include most of the same table games as you’ll find with RNG release, albeit with the game show, money wheel, and Asian favorites like Dragon Tiger, Teen Patti and Andar Bahar thrown in. The sense of atmosphere and realism brought to human-led games is unrivaled and blows most RNG table games out of the water. Even so, the short betting windows and sense of urgency involved may not be every crypto casino player’s cup of tea. Something Simple with No Experience Necessary If you prefer something simpler, perhaps games with no experience necessary, these options are also available to play at crypto casinos. They include keno and bingo games, scratch cards, fixed odds, instant win titles and even virtual sports betting games. While simplistic, the basic idea behind them is that you can sit down to play with no experience or foreknowledge of how these games work. Ultimately, It’s All Down to the Software Providers Ultimately, the array of crypto-friendly games you can find at online casinos comes down to the content partnerships it has with software providers. Some sites sign deals with global behemoths such as SoftSwiss, giving them access to an immense selection of games. Others feature open gaming platforms, where the biggest providers host games from fledgling developers. Sites such as Rollers.io have naturally crafted excellent partnerships with many of today’s leading developers to ensure that there is plenty for you to enjoy when you choose to play cryptocurrency games at their sites.   Image: Pixabay

As we are nearing the end of the year 2021 (or at least the end in my country). Lets rewind our crypto year a little bit with a question: What was the first crypto currency as well as the last currency that you have bought this year? My first ever crypto purchase this year was…
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According to reports, roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a collector. The owner of the NFTs Todd Kramer said the incident was “arguably the worst night” of his life. Furthermore, there’s claims that the NFT marketplace Opensea froze the […]

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