Betting has existed for centuries, with the allure of making money combined with the thrill of testing one’s ability to predict the outcome of an event being among the biggest attractions. Some of the earliest casinos appeared in Italy in the 17th century, and since then, betting has taken advantage of new technology to lure in customers. With blockchain technology being one of the emerging technologies that have taken over the world, gamblers haven’t been left behind and are now among the biggest markets for blockchain-based decentralized applications. The markets are diverse and as daring as they get, with some of the platforms having multiple bets placed on the deaths of prominent people such as US President Donald Trump. The Market That Can’t Be Censored Not surprisingly, some of the markets offered on blockchain betting platforms are outright crazy. One platform that has caught the attention of many is Augur, an Ethereum-based prediction market that was launched a month ago after years of speculation and controversy. While Augur hasn’t lived up to the hype and most of its markets are illiquid, some of the bets placed have been quite controversial. They include the assassinations of prominent people such as US President Donald Trump and Amazon founder Jeff Bezos. These daring bets have received the most attention but the least financial action, with more realistic bets getting more funding. One of the main attractions of blockchain betting platforms is the uncensored freedom they offer. The decentralized nature of these platforms means…
Source: The Allure of Blockchain Betting, and Why It’s Only Getting Bigger

Digital Asset Custody Company (DACC) is a custody solution designed to help institutional investors with their crypto and digital asset investments. DACC have now announced new support for Stellar XLM in a move that should inspire a new level of investment from high level institutions and corporations. Overall, DACC currently support of 90 digital assets and 10 different blockchain projects in order to support institutions that operate within the realms of investment advice, hedge funds, private equity token issuers. Continue reading DACC Announces New Custody Support For Stellar XLM at Crypto Daily™.
Source: DACC Announces New Custody Support For Stellar XLM

Remember when cryptos were deemed unusable because, unlike fiat, they were volatile? The tables are gradually turning and Turkey is the latest case. The country’s currency, the lira, has recently experienced a drastic drop in its value relative to the US dollar which has quickly drawn comparisons with Bitcoin. Faced with an economic crisis and a trade dispute with the US, the lira collapsed 20 percent in the past week, a greater drop than Bitcoin. Turks have sought alternative payment methods as they wait for the lira to stabilize, and cryptos have been the leading option. Turning the Tables Turkey’s relations with the US have been strained for some time now, and they have only gotten worse over the past few days. On August 10, President Trump announced that he had doubled the tariffs on Turkish steel and aluminum, noting that the lira had continued to slide against the US dollar. The announcement only accelerated the downward spiral of the lira. Year to date, the lira has dropped by over 45 percent. Just like with other nations whose fiat currencies have experienced uncertainty, Turks are turning to cryptos, mainly Bitcoin, for stability. According to Forbes, the country’s crypto exchanges have experienced a surge in the number of clients as well as in the volume traded over the past few days. Turkey’s largest crypto exchange, Koinim, has reported a 63 percent increase in its Bitcoin trading volume since Trump made the announcement. Paribu and BTCTurk, the other two major exchanges in…
Source: Turkey’s Currency Instability Pushing People to Bitcoin

Icon (ICX) is the perfect example of a bleeding cryptocurrency right now. The coin is down an alarming 96% since its all time high of $13.16 in January. The price is currently trading at $0.49 as can be seen on the ICX/USD daily chart above. Icon (ICX) perfectly explains the massive level of capitulation some altcoins had to go through during this recent correction. Over the past 7 months of correction, the price has continued to plummet, for the most part in a free fall against the US Dollar (USD). Continue reading ICON (ICX) Has Erased All Its Gains Since ATH Of $13.16 at Crypto Daily™.
Source: ICON (ICX) Has Erased All Its Gains Since ATH Of .16

Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $20 billion USD. All eyes will surely be fixed on digital asset charts this week as there’s been a plague of bearish market sentiment cast over the entire crypto-economy. Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip  There’s Blood in the Crypto-Streets When it comes to cryptocurrency markets today on August 14, there’s an awful lot of ‘blood in the streets.’ During yesterday’s trading sessions, the entire cryptocurrency economy dropped under the sub-$200B zone and today the valuation is hovering around $195-199B. This is due to the extreme losses many digital currencies have suffered through over the past three days. A great majority of coins are seeing losses between 3-25 percent today as many assets have touched their previous bottoms or lower. Overall trade volume this Tuesday has increased, likely because prices are so low right now, and over the last 24-hours around $15.9B cryptocurrencies have been traded. The top ten digital assets today on August 14, 2018, at 10 am EDT. Bitcoin core (BTC) has been able to dodge a lot of the downward blows as the currency has lost a lot less percentage wise than most other coins. This has led to BTC dominance or its market capitalization measured in comparison with the entire crypto-economy valuation…
Source: Markets Update: Bloody Crypto-Markets Suffer More Losses

With news of the Turkish Lira seemingly hot, talks of how Bitcoin could rescue the countries economy are sprawled across headlines at present, leading to the opening of many debates surrounding Bitcoin as a rescue method for a number of other future and potential financial crises. We have recently seen discussions about Bitcoin being used in a USD crash and now, we are seeing reports surrounding the use of Bitcoin in a post-Brexit crash of GBP, a worry on the minds of many living on the island. Continue reading Bitcoin Can Stabilise Britain After Brexit at Crypto Daily™.
Source: Bitcoin Can Stabilise Britain After Brexit

Trading cryptocurrencies is illegal in the kingdom of Saudi Arabia, as they are high risk to traders and are out of the government’s supervision. This is according to a statement issued on August 12 by a standing committee comprised of regulators from various government institutions. The statement made it clear that no entities are licensed to facilitate the trading of cryptos and that residents should avoid dealing in cryptos due to the regulatory and security risks involved. Beware of Cryptos In the statement published on the Saudi Arabian Monetary Authority’s (SAMA) website, the committee made its stand crystal clear. The committee warns all citizens and residents about drifting after such illusion and get-rich scheme[s]due to the high regulatory, security and market risks involved, not to mention signing of fictitious contracts and the transfer of funds to unknown recipients/entities/parties. The standing committee was formed by a supreme decree and composed of members from the Ministries of Commerce and Investment, Media, and Interior. The country’s Capital Markets Authority (CMA) and SAMA were also represented. According to the statement, the committee was tasked with reporting any investment in cryptos to SAMA or CMA and with taking steps to reduce teams’ ability to market their products, effectively keeping them from investors. The committee clarified that no parties are licensed to carry out crypto trading in the kingdom. This is despite a few exchanges offering their services in the country, one of which is BitOasis. The statement was quite vague and failed to mention what…
Source: Trading Bitcoin Declared Illegal in Saudi Arabia Despite the Great Strides Made