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Gunners Reveal Sportsbet.io as Official Betting Partner

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Football fans across the world were reminded once more of Arsenal Football Club’s reputation for supporting innovation when the 13-time English champions unveiled its official betting partner as crypto-led sportsbook Sportsbet.io.

Promoting Innovation Together

The three year deal sees Sportsbet, which accepts a range of currencies, including crypto like Bitcoin and TRX, not only become the football club’s official partner in betting, but also some long-term sporting moves for the Gunners, as Arsenal FC call themselves.

As part of the partnership, Arsenal FC will be conducting football clinics for the U19s women’s team in Estonia, the Baltic country where Sportsbet is based in. This move leverages Arsenal’s influence and standing within women’s football, arguably one of the most neglected areas in football development. Arsenal Women’s follower base of over 6 million makes it the biggest following of any women’s sporting team in the world, a reflection of the club’s efforts in promoting and advocating for progress in the women’s game.

Sportsbet itself has committed to ensuring that it works together with Arsenal to provide unique digital experiences both for its players and for Arsenal’s eager global fanbase.

Peter Silverstone, commercial director at Arsenal, spoke highly of Sportsbet’s pioneering efforts in the gaming and fintech sector, which made the club realize how similar the two brands were in terms of innovation. He said that together, they would work closely to explore the potential for other social responsibility initiatives, while consistently broadcasting the message of responsible gambling. He explained how both parties would use their various expertise, leveraging a huge global reach of 80 million fans to create new benchmarks for customer experiences for an international audience.

Tim Heath, Founder of Sportsbet.io’s parent company Coingaming Group expressed just how excited everyone at the company was as a three-year partnership with one of the most-watched teams on the planet was a huge undertaking. He sees a bright future where two brands known for innovation and intent on continuing that tradition will deliver on initiatives to promote crypto gaming, on the back of footballing’s adoption at a pace never seen before.

He hints:

“Watch this space, as we seize the opportunity to promote crypto gaming awareness, and hope to push forward crypto gaming adoption on a scale never seen before in football.”

The Gunners join the Saints (Southampton FC) and the Hornets (Watford FC) to call Sportsbet its partner in football as crypto and blockchain awareness is well and truly come to football. It has played every season of the English Premier League since its inception in 1991, making them one of the most successful teams in England.

Famed for their brand of flair and attacking football, they have had one of the most potent strike forces in football across two decades, and are the only team in England to have ever gone an entire season undefeated. The team that achieved that feat is known today as The Invincibles, and the club keeps a one-off Golden Trophy in their cabinet made by the English FA to commemorate this unique accomplishment.

Sportsbet is the world’s premier crypto sportsbook, offering almost 1,000 pre-match events every day on average with all kinds of markets and in-play offerings. From football and cricket to e-sports and F1, Sportsbet covers you with 1.5 minutes of average withdrawal time.

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RIOT Stock Registers Unprecedented Rally, Riot Blockchain Valuation Soars Above $1B

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Following the Bitcoin all-time high on Sunday, December 27, Riot Blockchain stock registered 20% gains on Monday’s trading session. The stock has already appreciated by 13x this year. Apart from BTC, investors of Bitcoin mining companies are making a bomb in the market.

Bitcoin mining giant Riot Blockchain is making all the news in the market at the moment. On Monday, December 28, Riot Blockchain Inc (NASDAQ: RIOT) stock price surged a massive 20% surging past $15.5 levels. One of the biggest milestones with the Monday rally is that the Riot Blockchain has clocked a $1 billion market cap.

The latest price rally comes as Riot Blockchain hints at going aggressively on its Bitcoin mining business. Last week, the Riot Blockchain added new S19 Pro Antimers to its bitcoin mining arsenal. The company announced the purchase of an additional 15,000 Bitcoin (BTC) mining machines from Bitmain. The recent purchase also pushes Riot’s total fleet to 37,640 Next-Generation Bitmain Antminers.

Riot said that the fresh purchase of Antminers will help the mining company to attain a 65% jump in its mining hash-rate. RIOT stock has registered an unprecedented rally this year in 2020. RIOT stock has multiplied by 13x this year registering a 1200% surge so far.

Riot Blockchain has issued nearly 17 million shares since November 2020 with its total outstanding shares going to 67.5 million. It has been a phenomenal journey for Riot ever since it ventured into the Bitcoin mining business in October 2017. With valuations less than $50 million back then, Riot has grown more than 20x in size as of its latest stock price.

RIOT Stock and Shares of Other Bitcoin Mining Companies Profit from BTC Bull Run

The recent Bitcoin (BTC) price rally during Q4 2020 has also pushed the stocks of Bitcoin mining companies to new highs. Earlier on Sunday, December 28, the BTC price hit its all-time high of $28,000 in a massive bull run followed by huge institutional inflows.

Moreover, along with the BTC price rally, the Bitcoin hash-rate has jumped significantly since November 2020. Over the last two months, the BTC hash-rate has surged nearly 30% and is currently at 132 TH/s. The surge in the hash-rate suggests higher mining activity for Bitcoin.

As a result, Bitcoin mining companies have been making massive purchases of the BTC mining machines. In addition to Riot Blockchain, other giants like the Marathon Patent Group have made aggressive purchases over the last few months. Just like RIOT, the Marathon Patent Group (NASDAQ: MARA) has registered a phenomenal rally of 18% on Monday, December 28. MARA stock has multiplied investors’ wealth by 12x in 2020. It means the MARA stock has also given phenomenal 1100% returns year-to-date.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.



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How low could XRP go? Watch these price levels next

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XRP price dropped by 30% on Dec. 29 following Coinbase’s decision to suspend trading. 

The market sentiment around XRP has become overwhelmingly negative due to the fear of more exchange delistings.

In the near term, XRP faces three key historical support levels at $0.224, $0.1743 and $0.1471.

Where will the XRP price go next?

The ongoing price trend of XRP is not cyclical nor reliant on technical analysis. It is due to investors selling XRP following the suspension of trading across major cryptocurrency exchanges.

On Dec. 29, Coinbase announced that it is suspending the XRP trading pairs on their platform. Paul Grewal, the chief legal officer at Coinbase, wrote:

“In light of the SEC’s lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform. Trading will move into limit only starting December 28, 2020 at 2:30 PM PST, and will be fully suspended on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time*. We will provide additional updates, if any, through the Coinbase Support Twitter account, including if there are any changes to timing.”

As Cointelegraph previously reported, analysts anticipated Coinbase to suspend XRP trading after the United States Securities and Exchange Commission filed its complaint.

Coinbase plans to undergo an initial public offering, and it is in the firm’s best interest to remain fully compliant with the regulators in the U.S.

Considering the regulatory uncertainty around XRP, traders have emphasized that technical analysis is of less importance in the short term. Scott Melker, a cryptocurrency trader, said:

“A few people have told me that there’s oversold bullish divergence on the $XRP chart. You are doing it wrong. Charts don’t matter here. You cannot trade in a vacuum. Jesus could come down with Biggie and Tupac and put on a concert for Brad Garlinghouse and I still wouldn’t buy.”

In the foreseeable future, XRP has several major support areas it could potentially recover from. However, these are deep support levels on the weekly chart, which shows that it lacks momentum for a major rebound.

XRP/USD weekly candle price chart (Coinbase). Source: TradingView.com

The XRP price has fallen by over 60% in merely two weeks, recording one of its steepest two-week drops in history.

What happens next?

Adam Cochran, a partner at Cinneamhain Ventures, was one of the first to break the story that Coinbase had conversations about suspending XRP trading.

Cochran hinted that the SEC are probably looking into more projects and companies than people realize. He said:

“If you thought my scoop on Coinbase delisting/suspending $XRP was insightful, you’re going to love the next scoop I’m working on, this week. Looks like that SEC is far more active than we thought and sniffing around a number of projects and companies!”