Bitcoin Bang as Crypto Tops $9200

Written by:
Aaron Goldstein
Published on:

Bitcoin, the best known of the cryptocurrencies, has reached over $9200 Monday morning. 

*Free trial test drive
*Text or message 24/7
*Mobile friendly
*Live in-play betting
*Bitcoin, gift cards, credit cards accepted
*Fastest, sharpest lines in the industry
*No minimum number of players
*Unique betting options available
*Two software platforms available for use
Click here to visit PremierPerHead

Many experts in the sector have pointed to Facebook's intent to introduce 'Global Coin' as one reason for the dramatic rise, Bitcion's highest reach in 13 months. Bitcoin peaked at $9,391 on Sunday and continues to hover right around the $9200 mark Monday morning. This represents a year-to-year gain of 150 percent.

Facebook’s efforts are likely to create a circular economy, which should ease the friction in acquiring Bitcoin.  Facebook’s crypto coin will be pegged to a number of government-issued currencies.

At a cost of $1 billion, the Facebook project will allow Facebook’s 2.4 billion monthly users to convert US dollars, euros and other international currencies into its digital coins.

Experts also point to Litecoin's upcoming halving event that is set to trigger on August 5, 2019 and will make LTC a more scarce asset.

Up to 80% of all online gambling funds are now via Bitcoin and a handful of other cryptocurrencies in so-called "restrictive" markets that include the United States.  Gamblers have the ability to send and receive payments for just a fraction of Bitcoin's cost.  For example, if someone wants to send US$100 to a sportsbook or online casino using Bitcoin, they can convert their USD funds into 0.011 Bitcoin (like pennies on the dollar).

- Aaron Goldstein, Gambling911.com

Business/Financial News

Is It Wise to Start a Bookie Business in the State of Illinois Now That There is Regulation?

Is It Wise to Start a Bookie Business in the State of Illinois Now That There is Regulation?

Local bookmakers in the state of Illinois will survive in the wake of a law passing that permits sports betting even at venues such as Wrigley Field.  It's easy to get started with proprietary Pay Per Head software.

Can I Start an Online Sportsbook From Alabama

You can start your own sportsbook from Alabama.  The US Supreme Court ruled to overturn decades long prohibition this past May. 

Finding an Easy to Navigate Agent Menu for Bookmaking, Sports Betting

Finding a Pay Per Head is easy.  Simply Google the term and a bunch of searches will pop up.  But many of today's most savvy bookmakers and agents will explore much deeper in an effort to find easy to navigate platforms and those that produce extensive reporting. 

The New Trending Crypto | Litecoin

The New Trending Crypto | Litecoin

Cryptocurrency is without doubt the hottest form of currency when it comes to paying for and receiving payouts from online sportsbooks. The beauty of cryptocurrency is the ease of use for both the sender and the receiver.

Ladbrokes Owner's Turkish Dealings Could Block US Entry

Ladbrokes Owner's Turkish Dealings Could Block US Entry

William Hill and Paddy Power continue to carve their way through the US regulated sports betting landscape.  Rival Ladbrokes would love to, but those hopes may now be dashed.