The Bitcoin News Flash Of March 2014
All the updated March 2014 news about bitcoins from the different bitcoin news sites that aim to give the bitcoin users the most updated news and happenings on the bitcoin world! Expect Information, a lot of Insights and Analysis!
Mt. Gox may have lost just 386 BTC due to Transaction Malleability
March 28, 2014
A new report by researchers at ETH Zurich University in Switzerland has concluded that the now-bankrupt Japan-based bitcoin exchange Mt. Gox may have lost only 386 bitcoins ($203,000) due to issues stemming from transaction malleability. The finding provides new evidence that Mt. Gox’s continued claims that issues with the Bitcoin protocol were the primary reason for its insolvency are perhaps misleading or untrue.
Released on 26th March, the report was authored by Christian Decker and Professor Roger Wattenhofer, both of the university’s Distributed Computing Group (DCG).
March 28, 2014
A new report by researchers at ETH Zurich University in Switzerland has concluded that the now-bankrupt Japan-based bitcoin exchange Mt. Gox may have lost only 386 bitcoins ($203,000) due to issues stemming from transaction malleability. The finding provides new evidence that Mt. Gox’s continued claims that issues with the Bitcoin protocol were the primary reason for its insolvency are perhaps misleading or untrue.
Released on 26th March, the report was authored by Christian Decker and Professor Roger Wattenhofer, both of the university’s Distributed Computing Group (DCG).
Traffic Generation highlights new communication channels in social casino
March 26, 2014
Data analytics and marketing technology specialist Traffic Generation has highlighted the need to further investigate new communication channels after a study found that the more social casino players would opt for alternative social media platforms.
The company found that apart from Facebook, 33% of social casino players were most likely to respond to messages on Google+, while Twitter also proved popular with 28%. New channels such as Snapchat (22%) and Whatsapp (11%) have also shown signs of growth and Traffic Generation suggested that a focus on these platforms could prove beneficial.
March 26, 2014
Data analytics and marketing technology specialist Traffic Generation has highlighted the need to further investigate new communication channels after a study found that the more social casino players would opt for alternative social media platforms.
The company found that apart from Facebook, 33% of social casino players were most likely to respond to messages on Google+, while Twitter also proved popular with 28%. New channels such as Snapchat (22%) and Whatsapp (11%) have also shown signs of growth and Traffic Generation suggested that a focus on these platforms could prove beneficial.
Exchange Vircurex Freezes Withdrawals, Claims Lack of Reserves
March 24, 2014
Beijing based virtual currency exchange Vircurex has frozen most of its digital currency withdrawals effective immediately, claiming it no longer has the reserves to cover customer requests. A message on Vircurex's site says it will create a new balance type called 'Frozen Funds' covering all balances in the aforementioned currencies. The company maintains it won't be shutting down, saying it intends to "gradually pay back the loses".
The freeze will affect all bitcoin, litecoin, feathercoin, and terracoin withdrawals. That Vicurex had a reserve shortfall had been known for some time, though not the exact amount.
March 24, 2014
Beijing based virtual currency exchange Vircurex has frozen most of its digital currency withdrawals effective immediately, claiming it no longer has the reserves to cover customer requests. A message on Vircurex's site says it will create a new balance type called 'Frozen Funds' covering all balances in the aforementioned currencies. The company maintains it won't be shutting down, saying it intends to "gradually pay back the loses".
The freeze will affect all bitcoin, litecoin, feathercoin, and terracoin withdrawals. That Vicurex had a reserve shortfall had been known for some time, though not the exact amount.
Streamin' Garage Announces World's First Bitcoin Game Show
March 21, 2014
Live streaming company Streamin' Garage has announced plans to launch the world's first bitcoin-only game show: "Take my Bitcoins". The unconventional programme is already in production and it is sponsored by Butterfly Labs, one of the best known and increasingly controversial providers of bitcoin mining hardware.
"Take my Bitcoins" will offercontestants a chance to win thousands of dollars worth of bitcoin every week. The show will be co-hosted by celebrities and gameplay will include various online activities, ranging from social media to chat rooms and live call-ins Skype and Google Voice. There will be no limit on how many people can win, as the games will continue until show's bitcoin walllet is empty.
March 21, 2014
Live streaming company Streamin' Garage has announced plans to launch the world's first bitcoin-only game show: "Take my Bitcoins". The unconventional programme is already in production and it is sponsored by Butterfly Labs, one of the best known and increasingly controversial providers of bitcoin mining hardware.
"Take my Bitcoins" will offercontestants a chance to win thousands of dollars worth of bitcoin every week. The show will be co-hosted by celebrities and gameplay will include various online activities, ranging from social media to chat rooms and live call-ins Skype and Google Voice. There will be no limit on how many people can win, as the games will continue until show's bitcoin walllet is empty.
Centurion commits to £5m GamCrowd investment
March 18, 2014
Gambling-focused crowd-funding and sourcing platform GamCrowd has entered into a partnership with risk management and mitigation services provider Centurion Solutions to invest a fund of up to £5 million (€6 million/$8.3 million) into start-ups on the GamCrowd platform. In addition, Centurion has also negotiated certain rights to take an investment in GamCrowd as and when the firm seeks an initial fundraising.
Funding will be made up from funds provided by both Centurion and its clients, which include various professional sports and racing trading firms from around the world. Centurion will also assist with in-country software and product testing to help its clients expand into new markets.
March 18, 2014
Gambling-focused crowd-funding and sourcing platform GamCrowd has entered into a partnership with risk management and mitigation services provider Centurion Solutions to invest a fund of up to £5 million (€6 million/$8.3 million) into start-ups on the GamCrowd platform. In addition, Centurion has also negotiated certain rights to take an investment in GamCrowd as and when the firm seeks an initial fundraising.
Funding will be made up from funds provided by both Centurion and its clients, which include various professional sports and racing trading firms from around the world. Centurion will also assist with in-country software and product testing to help its clients expand into new markets.
BetCoin unveils ‘reinvented’ Bitcoin title
March 17, 2014
Bitcoin gaming network BetCoin has announced a major redesign and game play improvements for a “reinvented” version of its BetCoin Dice online game. The updated title now allows players to begin with a starting bet of 0.001 Bitcoins.
BetCoin also said that players can enjoy the game with “true zero confirmations in the Bitcoin blockchain,” meaning that bets and winning on the new version of BetCoin Dice are processed instantly. All bets are processed by the BetCoin proprietary provably fair technology. Players can also watch their lucky numbers being generated in real-time by the provably fair algorithm in 3D.
March 17, 2014
Bitcoin gaming network BetCoin has announced a major redesign and game play improvements for a “reinvented” version of its BetCoin Dice online game. The updated title now allows players to begin with a starting bet of 0.001 Bitcoins.
BetCoin also said that players can enjoy the game with “true zero confirmations in the Bitcoin blockchain,” meaning that bets and winning on the new version of BetCoin Dice are processed instantly. All bets are processed by the BetCoin proprietary provably fair technology. Players can also watch their lucky numbers being generated in real-time by the provably fair algorithm in 3D.
UK Gambling Commission targets illegal poker clubs
March 14, 2014
The UK Gambling Commission has announced that it has taken action against three illegal poker clubs in the country as part of a campaign to tackle unlawful gambling. The three members’ clubs have been ordered to stop providing poker as a result of investigations by local authorities with support from the regulatory body.
The Fifth Street Card Club in Borehamwood had its club gaming permit withdrawn after it was ruled that the club could not demonstrate that it was being run in “good faith” in accordance with the Licensing Act 2003. The Royal Surrey Social Club in Morden, Surrey has also halted poker play after local council officials found poker was being played illegally in exceeding prescribed limits.
March 14, 2014
The UK Gambling Commission has announced that it has taken action against three illegal poker clubs in the country as part of a campaign to tackle unlawful gambling. The three members’ clubs have been ordered to stop providing poker as a result of investigations by local authorities with support from the regulatory body.
The Fifth Street Card Club in Borehamwood had its club gaming permit withdrawn after it was ruled that the club could not demonstrate that it was being run in “good faith” in accordance with the Licensing Act 2003. The Royal Surrey Social Club in Morden, Surrey has also halted poker play after local council officials found poker was being played illegally in exceeding prescribed limits.
Betradar launches Virtual Dog Racing betting product
March 12, 2014
Betradar, the sports betting data brand of Sportradar, has launched its latest virtual sports betting product in the form of ‘Virtual Dog Racing’. Betradar said the hosted front-end and fully customisable solution features a series of dog specifications and performance parameters as well as a number of new virtual tracks. Punters can also access statistical information ahead of each race.
Virtual Dog Racing offers multi channels running in parallel, where each race-day contains a number of races of various distances. Each race-day lasts for 45 minutes with a fixed number of six dogs and a turnaround time of two minutes per race on average.
March 12, 2014
Betradar, the sports betting data brand of Sportradar, has launched its latest virtual sports betting product in the form of ‘Virtual Dog Racing’. Betradar said the hosted front-end and fully customisable solution features a series of dog specifications and performance parameters as well as a number of new virtual tracks. Punters can also access statistical information ahead of each race.
Virtual Dog Racing offers multi channels running in parallel, where each race-day contains a number of races of various distances. Each race-day lasts for 45 minutes with a fixed number of six dogs and a turnaround time of two minutes per race on average.
Ohio falls short of expected gambling revenue in first year
March 11, 2014
The Horseshoe Cleveland, Hollywood Columbus and Hollywood Toledo all opened in January 2013, but the Horseshoe Cincinnati did not conduct a controlled demonstration until February 27, 2014. It officially opened on March 4, 2013. The Ohio Casino Control Commission has reported that the state generated significantly less revenue than expected during the 12 months to March 4, 2014, in what was the first year that the US state's four casinos were fully operational.
For the full-year in which all four casinos were officially open, the regulatory body said adjusted gross casino revenue totalled $839 million (€604.8 million), an amount much lower than the $1.9 billion touted during the campaign to bring gambling to the state.
March 11, 2014
The Horseshoe Cleveland, Hollywood Columbus and Hollywood Toledo all opened in January 2013, but the Horseshoe Cincinnati did not conduct a controlled demonstration until February 27, 2014. It officially opened on March 4, 2013. The Ohio Casino Control Commission has reported that the state generated significantly less revenue than expected during the 12 months to March 4, 2014, in what was the first year that the US state's four casinos were fully operational.
For the full-year in which all four casinos were officially open, the regulatory body said adjusted gross casino revenue totalled $839 million (€604.8 million), an amount much lower than the $1.9 billion touted during the campaign to bring gambling to the state.
Betfair revenues boosted by sportsbook growth
March 7, 2014
Online gambling company Betfair has cited the growth of its sportsbook business as the main reason for a year-on-year jump in revenue during the three months to January 31, 2014. Underlying EBITDA also grew 28% from £15.8 million in the quarter of 2013 to £20.2 million in the most recent quarter.
The firm posted revenue of £95.4 million (€116.1 million/$159.5 million) for the first three months of 2014, a 5% increase on the £90.5 million recorded in the corresponding period last year.
March 7, 2014
Online gambling company Betfair has cited the growth of its sportsbook business as the main reason for a year-on-year jump in revenue during the three months to January 31, 2014. Underlying EBITDA also grew 28% from £15.8 million in the quarter of 2013 to £20.2 million in the most recent quarter.
The firm posted revenue of £95.4 million (€116.1 million/$159.5 million) for the first three months of 2014, a 5% increase on the £90.5 million recorded in the corresponding period last year.
Vera&John becomes the first regulated online casino to accept Bitcoin
March 5, 2014
Online gaming operator Vera&John claims to have become the first regulated and licensed internet casino to begin accepting the Bitcoin virtual currency. Customers will now be able to use the virtual currency for various games on the operator’s official casino website.
Vera&John said that it had opted to begin accepting Bitcoin due to an increase in awareness and popularity of the virtual currency during the last year. “One of the key company values is innovation and that is why Vera&John is very proud to be the first regulated and licensed online casino to offer Bitcoin to the customers".
March 5, 2014
Online gaming operator Vera&John claims to have become the first regulated and licensed internet casino to begin accepting the Bitcoin virtual currency. Customers will now be able to use the virtual currency for various games on the operator’s official casino website.
Vera&John said that it had opted to begin accepting Bitcoin due to an increase in awareness and popularity of the virtual currency during the last year. “One of the key company values is innovation and that is why Vera&John is very proud to be the first regulated and licensed online casino to offer Bitcoin to the customers".