In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to […]
Bitcoin News
Bitget’s Blockchain4Youth Celebrates 1st Anniversary, Educated Over 6,000 Participants Worldwide
Bitget, a leading crypto exchange and web3 company, announces the first anniversary of its Blockchain4Youth program and launches recap videos of the program. The initiative celebrated a year of driving Web 3.0 adoption among the youth, staying true to Bitget’s core principles of innovation, education, and empowerment. Bitget envisions a more equitable future driven by […]
Bitcoin News
B2BinPay Celebrates One Year of Partnership With Athletic Club
PRESS RELEASE. B2BinPay, a leading provider of cryptocurrency payment solutions, is thrilled to commemorate the one-year anniversary of its partnership with the Athletic Club. As a proud sponsor for the 2023/2024 La Liga season, B2BinPay has been instrumental in supporting the Athletic Club’s journey, contributing to numerous milestones. This collaboration has significantly enhanced the visibility […]
Bitcoin News
Real.Casino Celebrates Bitcoin’s Record-Breaking Rally with a $5,000 Giveaway: Your Chance to Shine in the Crypto Spotlight
In the wake of Bitcoin’s exhilarating climb to surpass ,000, marking a new milestone in its storied journey, Real.Casino announces a celebratory ,000 giveaway. This event is not just a celebration of Bitcoin’s latest achievement but also an invitation to the broader community to engage with the cryptocurrency ecosystem in a meaningful way. As the […]
Bitcoin News
Another $2.5m Max Win on Bitcasino as It Celebrates 10-Year Milestone
PRESS RELEASE. February 7th, 2024, London, UK — The huge, max win prize dropped on Gates of Bitcasino, an exclusive game from Pragmatic Play created for Bitcasino players. Gates of Bitcasino is based on the classic slot title Gates of Olympus.
Lightning Strikes Twice
This latest win comes hot on the heels of a million record jackpot that was won on Bitcasino’s sister site, Sportsbet.io. That jackpot was the largest to ever be won on an online slot, and the lucky player was able to withdraw their winnings quickly and securely in less than 90 seconds.
Jacqueline Neo, Head of Bitcasino stated:
“What a way to celebrate ten years of Bitcasino! We couldn’t be happier to see this max win landing on an exclusive game that can’t be played anywhere else. A huge congratulations to the lucky player, and all those who won big prizes over the past year. We’re looking forward to more winners, and the next decade of game-changing action here at Bitcasino.”
Both Bitcasino and Sportsbet.io are quickly building a reputation as the places to win the biggest online casino jackpots. In 2023, an incredible 14 big wins in excess of million were won by Bitcasino players.
Watch a replay of the winning spin here.
10 Years and No Sign of Slowing
The timing of the .5 million max win couldn’t have been better, as Bitcasino marks ten years since it changed the game by launching as the world’s first licensed crypto casino back in 2014.
Since then, Bitcasino has built a reputation as the most trusted and fun place to play – with much more to come in 2024.
About Bitcasino
Founded in 2014 as part of the Yolo Group, Bitcasino is an award-winning crypto casino. With a VIP program that combines globe-spanning events and impeccable day-to-day service, Bitcasino is the go-to choice for premium crypto casino experiences. Players reap the crypto benefits with withdrawal times averaging 1.5 minutes (the fastest in the industry) and cutting-edge security measures.
Pioneering the way for original, fair rewards, Bitcasino has a custom-built loyalty program that offers exclusive privileges, cashback and free spins. Award-winning promotional features like the Bitcoin Predictor and the Casino Boost enhance players’ experience. Bitcasino offers over 4,000 slots and table games from the industry’s most renowned providers – including the exclusive Bombay Live and Bitcasino slot games.
For more information, please visit the official Bitcasino website.
Media Contact
Contact Name: Claudia Lama
Contact Email: press@yolo.com
Bitcasino is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Tether CEO Paolo Ardoino Celebrates USDT’s $91.5B Market Cap: ‘Tether Evolved’
Tether CEO Paolo Ardoino made a retrospective about the company’s growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a .5 billion market cap on several blockchains, billion in excess reserves, and a portfolio of mining, energy, and artificial intelligence (AI) investments.
Paolo Ardoino Celebrates Tether
Paolo Ardoino, CEO of Tether, the company behind the issuance of USDT, remarked on the evolution of the company, noting the size and significance it has reached for “millions of people,” especially in emerging markets and developing countries.
Making an emphasis on the growth of the company and its change in recent years, Ardoino stated:
Tether evolved. We listened to our community, we learned and improved. It’s a process. Always will be. No company has the luxury to exist without challenges. But the team kept its focus. Through the fire and the flames, we carry on.
Ardoino also praised USDT reaching .4 billion in market cap, becoming the largest stablecoin in the cryptocurrency market, with billion in excess reserves that are separated from the actual reserves backing the USDT available on the market.
Tether has not sat idle over these earnings, though, as it has slowly invested in several initiatives involving mining, energy renewables, development platforms, and artificial intelligence (AI). Ardoino mentioned Holepunch, Synonim, Northern Data, and Tether Energy, highlighting the company’s expansion into different fields to keep growing and expanding.
The company has also recently reinforced its compromise in the compliance area, revealing the tight integration with U.S. government agencies like the Secret Service and the Federal Bureau of Investigation (FBI).
Finally, Ardoino revealed Tether’s plans to develop new products for 2024 and consolidate the existing ones. “They will be mind-blowing,” he concluded.
What do you think about Tether’s performance in 2023? Tell us in the comments section below.
Bitcoin Celebrates One Year of Ordinal Inscriptions With 48 Million Mark Hit, Signaling Longevity Despite Ongoing Debate
On Dec. 15, 2023, a significant milestone was achieved in the Bitcoin blockchain world, just a day shy of the anniversary of the first Ordinal inscription. The total count of Ordinal inscriptions has impressively hit the 48 million mark. Despite initial skepticism about their longevity, these inscriptions have not only persisted but now make up half of all BTC transactions confirmed daily.
Bitcoin Marks 1st Anniversary of Ordinals: 48M Milestone Achieved
2023 has seen Ordinal inscriptions gain immense traction, significantly impacting Bitcoin’s ecosystem and vying with other blockchains in the non-fungible token (NFT) space. This journey began almost a year prior, on Dec. 16, 2022, marking the creation of the first-ever Ordinal inscription on Bitcoin’s distributed ledger.
These Ordinal inscriptions are a sophisticated process that transforms a satoshi, Bitcoin’s smallest unit, into a distinct digital asset. Key network upgrades, notably the Segregated Witness (Segwit) protocol in 2017 and the Taproot upgrade in 2021 have been instrumental in making these inscriptions viable.
Particularly, Taproot’s introduction enabled more intricate transactions and the integration of additional data within a transaction. The essence of the Ordinal inscription process lies in embedding the digital asset’s data into the transaction’s witness section, thereby converting satoshis into unique, non-fungible entities.
This innovative process has also facilitated the creation of fungible tokens, known as BRC20s. As of now, on the eve of the first inscription’s anniversary, a total of 48,054,267 inscriptions have been recorded on the chain.
In terms of monetary value, miners have amassed approximately 3,697.38 BTC, equating to 8.36 million, for verifying these inscriptions. The surge in inscriptions has propelled Bitcoin’s daily transaction count to new records.
Notably, on Nov. 19, 2023, the network saw over 710,000 transactions in a single day. Additionally, a record-breaking day on Nov. 12 witnessed over 505,000 Ordinal inscriptions. Currently, inscriptions account for an estimated 40-50% of the daily transactions processed by bitcoin miners.
The introduction of Ordinals and BRC20s has sparked controversy within the Bitcoin community. A segment of Bitcoin enthusiasts argues that the blockchain should exclusively host financial transactions.
This debate has intensified, especially with Luke Dashjr’s Ocean Pool beginning to exclude inscriptions from its mining block template. While Ordinals have indubitably left their imprint in their first year, the debate over their place in the Bitcoin ecosystem remains heated.
The increase in onchain BTC fees and persistent congestion in the mempool due to unconfirmed transfers have been notable side effects of the inscription trend. At press time, more than 200,000 unconfirmed transactions are waiting for confirmation from miners. On Dec. 6, 2023, the average onchain transfer fee reached .55.
In the realm of NFT sales, Bitcoin has emerged as a strong competitor against other blockchains, even surpassing Ethereum in NFT sales in November. This trend continued into early December, with seven-day figures showing Bitcoin NFT sales at 9 million, doubling Ethereum’s million.
Additionally, according to cryptoslam.io, six of the top ten NFT collections in weekly sales are Bitcoin-based. One of the most expensive NFT sales on Bitcoin this week was a Van Gogh painting embedded to the blockchain.
What are your views on the 2023 trend of Ordinal inscriptions? Do you favor the concept of inscriptions, or do you think Bitcoin should be reserved solely for financial transactions? We welcome your thoughts and opinions on this matter in the comments section below.
Duelbits Celebrates the Release of Their All-New Platform With a Rakeback Bonus for the Ages
In several short years, Duelbits have made a name for themselves in the crypto casino niche, becoming one of the de facto leaders in the sphere. With a firm commitment to innovation, they have made it a point to stand out from the crowd.
Recently, they have completely revamped their already sleek and stylish platform, presenting a streamlined and intuitive interface elevating the player experience to new heights.
The improvements are not solely relegated to the cosmetic aspects of the website, significant investments have been made in the technical department as well, with these upgrades resulting in silky smooth navigation capable of handling the ever-increasing number of gamers that have become Duelbits regulars.
Additionally, during the upgrade process, a mobile app has been developed, integrating the platform flawlessly with the mobile world, allowing for a 360-degree gaming experience without any limitations.
Hours upon hours of player behavior were tracked and studied, and special attention to even the tiniest of details was given to ensure the needs and wants of customers were met.
Security hasn’t been overlooked either, as the most cutting-edge measures have been implemented to guarantee the safety of funds and personal information at all times.
On its own, this would have been cool and all, but Duelbits has decided to take it a step further. To make sure the launch of their new platform was a memorable event, it only made sense to roll out a slew of bonuses and special offers, thus delighting the old guard of loyal players and attracting newcomers who are looking for a reputable and fair platform where they can gamble safely and with ease.
Let’s delve deeper into how exactly the rakeback bonus plays out.
Now, other casinos offer decent rakeback as well, but not many go to the same lengths Duelbits does, with their whopping 50% in rakeback bonuses.
This hefty number was portrayed as a celebratory moment for this new milestone in the Duelbits history.
(quick reminder on what a rakeback is, that is the percentage of the amount wagered to the house edge, that is given back to the player.)
Ace’s VIP lounge
If one is willing to go the extra mile, Duelbits has opened the all-new VIP lounge, for special guests who demand an exclusive experience and perks that aren’t available anywhere else.
The program works in a progressive fashion, not dissimilar to a videogame, making for a more personalized experience, as players increase their wagers, they unlock new levels, acquiring new unique bonuses and perks.
As they move up the tiers they earn a 12.5% cashback on their house edge wagers.
The ‘house edge” is the quantifiable advantage that the casino has over the players, typically expressed as a percentage of each bet.
The VIP services include an instant Rakeback which amounts to 10% of all the wagered house edge that can be claimed at any time and then a daily, weekly, and monthly rakeback of 5% on all wagers placed. With bonuses such as these, frankly, it’s no surprise that the player base at DuelBits is seeing incremental growth.
In the dynamic realm of crypto casinos, Duelbits has masterfully redefined the gaming experience by blending cutting-edge technology, unmatched security, and unparalleled player perks. Their platform overhaul is an emblem of dedication to the players, a commitment showcased by their generous bonuses, the Ace’s VIP lounge, and the industry-leading rakeback system.
Duelbits stands poised as the preferred choice for both experienced veterans and newcomers.
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Shiba Inu Community Celebrates New Milestone One Day After Shibarium Goes Public
Shiba Inu’s (SHIB) community’s resolution was tested following Shibarum’s launch, as the network didn’t get off to the best start, dragging SHIB’s price down in the process. However, the community’s faith didn’t waiver, and now, it is in celebratory mode as Shibarium marks a major milestone just a day after its relaunch.
Shibarium Wallets Cross 100,000
Members of the SHIB community have stormed social media to celebrate this major milestone, with many users on the X (formerly Twitter) platform posting several tweets in this regard with the hashtag “#SHIBARMYSTRONG.”
According to data from block explorer Shibariumscan, over 100,000 wallets have been created on the Shibarium network since going live. This figure signifies an increase of over 35,000 wallets created since Shibarium relaunched yesterday.
Shibarium’s lead developer, Shytoshi Kusama, announced on August 28 that the network was ready for “prime time” and that the network was going to be reopened to the public. As part of the announcement, he noted that Shibarium had accumulated over 65,000 wallets before the relaunch.
Since then, new users have flocked to the network, with the total number of wallet addresses on the network standing at around 101,658 (at the time of writing). That represents more than a 50% increase in the number of users on the network since it relaunched.
This figure may not surprise the SHIB community, considering that Kusama had earlier credited them for the “massive influx of transactions and users” that overwhelmed the network upon launch.
Such a milestone suggests that the SHIB community remains bullish on the layer-2 network despite the difficulties it experienced upon launch. Shibarium is projected to become a major player in the decentralized finance (DeFi) space as demand for the network increases.
The network’s success is also expected to significantly impact the Shiba Inu token, considering that it is one of the governance tokens on the network. As such, its value should rise as trading activity on Shibarium increases.
More To Come, Says Shiba Inu Lead Dev
In his update on Shibarium’s restart, Kusama noted that there was more to come for the network as it continues to build. He further stated that the team would keep providing Shibarium updates on their official channels.
As part of these updates, Kusama announced on their official Telegram channel that the official WBone will be launched shortly, stating that the contract verification “should be up early this week.”
He also mentioned that there are plans to renounce BONE’s token contract. BONE is one of the governance tokens on the Shibarium network. With this development, the token’s developer will no longer be able to make future changes in a move that strengthens holders’ confidence.
Shibaswap, Shiba Inu’s decentralized exchange (DEX), will also be moved to Shibarium. The DEX is currently built on the Ethereum network. This marks part of the efforts to move all Shiba Inu-related products to the layer-2 network.
Kusama noted that Shibarium was still “very early” and had a long way to go. However, he will continue to focus on “building decentralized systems and showcasing projects.”
Shibarium Launch Proves Positive As Shiba Inu-Based BONE Celebrates New Milestone
Following its temporary shutdown, Shibarium has made a comeback and relaunched. This release of the layer 2 blockchain has pushed the BONE price upwards, recording new milestones for the token.
Shibarium Relaunch Ignites Bullish Trend For BONE
Bone Shibaswap (BONE) has recorded a massive price increase of about 17% in the last 24 hours after Shibarium made an official relaunch and became open to the public on Thursday, August 24. The number of BONE addresses has also increased to 90,151 while SHIB burn rates are running high.
Currently, the BONE token is valued at .40 with a 24-hour trading volume of over million, according to CoinMarketCap. The shift in the price has also proved fortunate for a majority of BONE token holders.
Reports reveal that 68% of BONE holders are in a very profitable position and are likely to reap massive gains. In contrast, 19% are currently in the red, struggling with some losses. The remaining 13% of BONE holders have found themselves at a point of stability, experiencing no profits or losses.
Shibarium’s Lead Developer, Shytoshi Kusama had previously described plans of adding new features and tweaks to prevent another suspension. He also stated that the Shiba Inu team plans to integrate a Self-Sovereign Identity (SSI) into Shibarium.
Additionally, he said that the recently launched layer 2 blockchain has finally achieved a state of stability, ensuring users gain all the benefits of the mainnet including more options for BONE staking.
“After two days of testing and tweaking parameters to achieve a ‘ready’ state, Shibarium is now enhanced and optimized. Additional validators will go live, giving even more options for you to stake your BONE,” Kusama said.
SHIB Community Embraces Shibarium Relaunch And Modifications
The SHIB army has been anticipating Shibarium’s release after the Ethereum layer 2 solution got off to a rocky start. The Shibarium mainnet halted its operations after its first launch and has been undergoing reconfigurations and testing to bolster its network.
According to developers, the reason for the network’s suspension was due to the high traffic and overwhelming increase in adoption, with over 10 million new wallets registered on the platform.
However, Kusama had reassured the SHIB community, stating that the mainnet was only going through a few tweaks and would be up and running soon, stronger than it was in its previous release.
Shiba Inu’s price performance also declined slightly following Shibarium’s temporary shutdown. But the cryptocurrency is on a recovery trend presently and growing to be one of the trendiest meme coins in the crypto space.
The recent relaunch has pushed active addresses in the Shibarium mainnet to over 50,000 and this figure is expected to continue to rise. Lead developer Kusama has also vowed to increase the layer 2 network’s capacity by 1,500%, improving its safety, decentralization, and solidity.
Recently, Shiba Inu has been making new strides in the crypto space, expanding into new geographical regions to facilitate better adoption. The meme coin is now available to Brazilian merchants through Binance Pay, a cryptocurrency payment technology supported by the Binance exchange.