Crypto gambling is gaining momentum quickly owing mainly to the privacy it inspires and the significant earning potential from crypto prize pools. There are several trusted crypto casinos on the market today, each with pros and cons. 

Before depositing crypto into a Bitcoin (BTC) casino, you must consider many factors. First, you must know what a crypto casino is. 

## What is a crypto casino? 

A casino can be one of the best places to be! That said, I do not advocate reckless spending of money at a casino - you should only 'invest' what you can [afford to lose](https://brendanbeeken.com/can-money-buy-happiness/). Winning at a casino is a matter of both luck and skill. 

Online casinos generally offer more consumer protection, as you can play [your favourite slot machines](https://brendanbeeken.com/making-money/), blackjack, and roulette games from the comfort of your home computer, device, or phone, with the option to set spending restrictions. You can also regulate the time you spend on a platform. 

A crypto casino is an online gaming platform that accepts crypto deposits. Now, this has its advantages and disadvantages. Depositing in crypto eliminates KYC/AML regulations. No 'records' of your spending activity can be directly traced to your bank account. 

Associated fees are on the lower side, and jackpots are significantly higher than in other online casinos. Of course, all of these 'goodies' come with potentially drastic drawbacks as well. 

Let's examine the pros and cons of crypto casinos in detail. 

## What are the advantages of gambling at a crypto casino? 

The pros of crypto gambling include: 

- Absolute financial privacy: Some crypto casinos offer complete financial privacy, while others restrict your privacy depending on the cryptocurrency you deposit on the platform (Bitcoin deposits, for example, will unlock greater privacy). 

Financial privacy equates to financial freedom, as records of your activities at such institutions are not documented by banks or credit agencies. This means you can gamble in peace, away from prying eyes - but please, always be responsible. Do not get rekked! 

- Low fees: Compared to other online casinos, crypto casinos charge significantly lower fees. When you think of a traditional casino website, deposit, withdrawal, and credit card fees come to mind. 

Transferring cryptocurrencies like Bitcoin and Litecoin (LTC) from a crypto wallet to a Bitcoin casino, for example, is cost-effective and saves time - the best of both worlds. 

- Play from anywhere, literally: The gambling industry is heavily regulated, and rightly so. Online casinos must acquire a licence of operation and ensure their activity is legal in each country they provide their services. 

Additionally, taxes, fees, and suspicious activity must be reported at the earliest. Players from restricted countries are likely to be blocked, even if they use a VPN to access the website (bank/credit card transfers will reveal your identity eventually). 

This is not the case with crypto casinos. You can deposit and withdraw cryptocurrencies from almost anywhere and use a VPN to hide your location. You can gamble anonymously. Mind you, ONLY indulge in crypto gambling on a licensed website. 

- Lucrative bonuses: Using cryptocurrencies helps crypto casinos save on chargeback, deposit, and payout fees. These savings allow institutions to offer better bonuses and more frequent promotions. Bonus sizes, therefore, result from avoided costs rather than some scammy scheme. 

Many of these pros may lead to daunting cons. Let us dive into them. 

## What are the disadvantages of crypto gambling at a casino? 

Listed below are the cons of crypto gambling: 

- Lack of regulation can come back to haunt you: Online casinos should be licensed. If they are not, they will cease to exist in no time. This means that they must abide by KYC/AML regulations. Owing to fiat currency circulation, governments, financial institutions, and banks are actively in the loop. 

Cryptocurrency operation, however, can be done without a licence. This means no governmental agency or traditional financial institution is reported to. 

- No chargebacks: An online casino only accepts payment via bank transfer, credit card deposit, or other traditional fiat deposit methods (like PayPal or Google Pay). As part of the traditional finance system, these gambling institutions must deal with chargebacks. 

This means you can request your credit card provider, for example, to execute a chargeback, leading your gambling operator to help recoup your funds. This is in case you feel scammed or there is proof of wrongdoing on the part of the online casino. 

Owing to the lack of a financial intermediary when it comes to deposits in a Bitcoin casino, you cannot request a chargeback. This means you must be extra vigilant and place your trust in only the best of the best. Do not click on scammy links! 

- Cryptocurrency price volatility: When you win when gambling on an online casino in GBP or USD, your funds are safe from extravagant price fluctuations. That may not be the case when you are crypto gambling. 

If you win in BTC, for example, you may wake up to see that the cryptocurrency's price has fallen significantly. Be extra careful when cryptocurrency gambling and withdraw your winnings immediately. The last thing you need is price fluctuations eating into your profits. 

If you keep in mind the above cons of crypto gambling, the switch from traditional gambling to crypto gambling may not be a tough one, especially considering the many advantages of indulging in the cryptocurrency side of things. 

When you are looking for a crypto casino, there are points to keep in mind. 

## What you should look for in a crypto casino 

To have the best crypto gambling experience, look for these things when considering a crypto casino: 

- Always opt for licensed crypto casinos: Unlicensed casinos [may offer more lucrative bonuses](https://brendanbeeken.com/cryptocurrency-regulations/) and promotions, but they come with greater risk. Remember that you cannot fall back on a third-party institution to help you if you are scammed. You are your own boss. 

- Seek the best overall experience: Some casinos offer better experiences and features than others. 

When considering crypto casinos, look at restricted countries, the number of accepted cryptocurrencies, customer care, provably fair games, payout and withdrawal terms and conditions (including speed of action), the number of available games, and VIP bonuses and programmes. 

- Anonymity: If you are looking for an anonymous experience, perform due diligence and choose the best option. Keep in mind the above two points to stay on the safer side. 

- Additional safety controls: Crypto casinos that allow you to control spending limits and monitor the amount of time you spend on the platform are not just looking to earn money but actually care about their customers. In an industry where customer well-being is often overlooked, look out for yourself. 

Now that you know what crypto casinos are, everything about choosing one, and the pros and cons, it is time to explore the best cryptocurrency gambling websites in the business today. 

## Top crypto casinos 2023 

Mentioned below are the best crypto casinos in 2023: 

- Stake: Best overall cryptocurrency casino experience. 

- Cloudbet: Fantastic crypto welcome bonus. 

- BC.Game: A gamified VIP programme experience makes it stand out. 

- Bitcasino.io: The best user experience in the business. 

- Bets.io: Anonymous crypto gambling? Here is your best bet (pun intended!). 

- Thunderpick: Where innovation and cryptocurrency gambling meet. 

- Metaspins: The best customer care at your service. 

## Stake 

 ![Stak website homepage screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_31_at_14_14_28_d4075b3ea4.png)


Founded in 2017 with a Government of Curacao licence, [Stake](https://stake.com/) is one of the more well-rounded crypto casinos on this list. 

Stake offers more than 100 [cryptocurrency deposit options](https://brendanbeeken.com/top-10-crypto/) such as Bitcoin, Ethereum (ETH), Litecoin, Dogecoin (DOGE), and Ripple (XRP), more than 1,000 casino games, an active community, and multiple languages of operation. 2FA safety is another important point of consideration, as well as lucrative promotions. 

The website comes with an attractive user interface (UI). To create an account, click the Register Instantly button, enter your email address and date of birth, and create a username and password. Agree to their terms and conditions and click on the Play Now button. 

 ![stake sign up form screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_31_at_14_13_31_d764257204.png)


Alternatively, you can register via Facebook, Google, LINE, or Twitch. If you do not own crypto, fiat deposit options such as debit/credit card, Google Pay, and Apple Pay are also available. 

While Stake offers frequent, amazing promotions, there is no welcome bonus, which is odd. Other sports betting websites may offer better odds than Stake on major sporting events. In terms of payout details, fees, and restrictions, it is difficult to determine how Stake operates. 

## Cloudbet 

 ![Cloudbet website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_31_at_14_12_16_46ce7d4983.png)


https://www.cloudbet.com/en/) is one of the best crypto casinos in the business and offers an amazing BTC welcome bonus. If you deposit up to 5 BTC, you will receive an unmatched welcome bonus, which is hard for rivals to match. Founded way back in 2013, Cloudbet also holds a Curacao licence. 

You can deposit numerous cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin, Bitcoin Cash (BCH), Tether (USDT), and Polkadot (DOT). In terms of community support, the crypto exchange offers a whopping 17 languages of operation, including English, Spanish, German, Italian, French, Russian, and Japanese. 

To register, simply enter your email address and create a password. You can register via Google, Facebook, and GitHub as well. 

With a beautiful UI, provably fair games, a secure website, thousands of slots including more than 50 live tables, a rather impressive sportsbook, exotic betting options, and withdrawals within 10 minutes, Cloudbet is a good cryptocurrency betting option. 

That said, Cloudbet has a fair share of cons, including limited details of operation (fees, restrictions, and payout details), the VIP programme being invite-only, and a potential handling fee for deposits. 

## BC.Game 
 
![BC Game website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_31_at_14_08_47_3231994b5b.png)

Looking for a promotion-driven crypto gambling experience?[ BC.Game](https://bc.game/) has your back. At the time of writing, BC.Games offers 15 promotions. Its welcome bonus is outstanding. New players will receive a bonus of up to 270% on their first deposit, which may go up to 360% by the time they make their fourth deposit! Neat. 

Founded in 2017 with a Curacao operation licence, you can deposit hundreds of cryptocurrencies and take advantage of the service in numerous languages. The website comes with a light and dark mode, a simple layout, and, most importantly, a provably fair selection of casino games. 

That said, the lucky spin game is not provably fair. Given that it is a ‘lucky’ spin, you will not [lose any money](https://brendanbeeken.com/should-i-invest-in-crypto/), so try it regardless! To register, simply enter your email address/phone number, create a password, and agree to their terms and conditions. 

One of the standout features of the gambling provider is the ability to exchange altcoins for Bitcoin, Ethereum, or Dogecoin. This means that you can play with a wide selection of crypto assets! BC. Game’s VIP experience is among the best around. 

## Bitcasino.io 

 ![bitcasino.io website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_31_at_14_07_22_ae4d8b95e3.png)

[Bitcasino.io](https://bitcasino.io/), or Bitcoin Casino, is an interesting option for crypto gambling. As soon as you open the website, a popup will appear on the bottom left of your screen, requesting you to connect your MetaMask wallet to the website. This will enable you to log in, deposit, and withdraw, all from one place. 

Bitcasino.io has the simplest website of the options reviewed so far. You can log in with MetaMask or Google. Alternatively, you can create an account by creating a username and password. Google Authenticator 2FA is available, making website login a secure experience. 

The crypto gambling provider was founded in 2014 and, surprise, surprise, holds a Government of Curacao eGaming licence. Bitcasino.io claims to be the first of the licensed crypto casinos. I cannot verify whether this is true. 

The welcome bonus is quite attractive, to say the least. 

 You will receive 20% cashback on your deposit! Bitcasino.io has a sound customer service reputation. That said, if you want to ask a customer representative questions before registering, this is not possible. You can access a list of FAQs instead. 

You can deposit cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Tether, and Cardano (ADA). Fiat deposit options are dependent on your region. The cryptocurrency casino has a solid Loyalty Club, so do check it out. 

Other pros include more than 3,000 casino games, by far the largest selection on this list, and many active promotions. The provider's sportsbook odds disappoint, though. Compared to prominent crypto gambling and online gambling providers, the odds on offer are on the lower side. 

Bitcasino.io is not an anonymous gambling website. For anonymous gambling, check out [Bets.io](Bets.io). 

## Thunderpick 

 ![Thunderpick crypto casino website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_31_at_14_04_16_8877eadfab.png)


This brings us to the final crypto casino of the discussion, [Thunderpick](https://thunderpick.io/en/). Apart from having a cool name, the gambling provider does pack a punch. The crypto eSports betting website is an innovative colossal. 

Registered as recently as 2017 under a Curacao eGaming licence, while Thunderpick’s website may not speak of innovation, its offerings sure do. Starting from the registration process, it is quite easy to sign up. 

Simply enter your email address, create a password, agree to their legal terms and privacy policy, and click the Join button. You can deposit cryptocurrencies such as Bitcoin, Ethereum, Ripple, Tether, Bitcoin Cash, and BNB. The crypto gambling website is available in seven languages. 

With the craze for eSports reaching feverish heights of late, Thunderpick is one of the best websites for eSports crypto gambling. Popular tournaments for games such as League of Legends, Dota 2, Valorant, Rainbow Six, Kings of Glory, and Overwatch are covered, with impressive odds. 

At the time of writing, 212 eSports events are covered, with mesmerising promotions to back up your gambling prowess. If you are not interested in eSports, the sportsbook offers good odds, and there are many casino games to choose from with good promotions. 

Thunderpick is one of the best crypto casinos for prize pools, with lucrative daily prize drops. Along with promotions and prize pools, a well-crafted rewards scheme is in place. The games at Thunderpick are provably fair and, importantly, there is an option for responsible gaming restrictions! 

This is very important if you think you may have a gambling addiction. I urge you to explore this option and consider Thunderpick for this feature alone. With nearly 2,000 slots, an active betting community, exotic casino offerings, and a VIP membership programme with insane perks, it is hard to look beyond Thunderpick. 

## Crypto casinos conclusion 

On a final note, DYOR at all times, stay safe, and choose a crypto casino that best meets your gambling needs. Have fun! 



Crypto Casinos 2023 Review

[Bitvavo](https://bitvavo.com/en) launched in 2018, aiming to bridge the gap between the globally accepted traditional currencies such as the Euro (EUR) and digital assets.  

Since digital assets became a mainstay in the 2010s, the launch of Bitvavo in the Netherlands as a European [exchange](/news/article/kraken-crypto-exchange-plans-bank-launch) was seen as a step in the right direction for an industry largely dominated by platforms from Asia and America.  

As the development team behind the project continue to work towards expanding and improving the trading platform, many sceptics who are consistently searching for the leading crypto trading platform ask if Bitvavo is among the best cryptocurrency exchanges in the market today.  

To find this out, we must thoroughly assess the pros and cons of buying cryptocurrencies with the platform and the latest developments surrounding the project. 

## Pros of buying cryptocurrencies with Bitvavo  

It supports a large number of cryptocurrencies. According to the platform's official website, it has listed more than [175](https://bitvavo.com/en/about#:~:text=The%20Bitvavo%20platform%20was%20launched,and%20expanding%20the%20Bitvavo%20platform.) digital currencies that can be bought, stored, and traded. Among them are mainstream cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Litecoin (LTC), and Dogecoin (DOGE). With the rise of ChatGPT and artificial intelligence, stakeholders of this booming industry can invest in [AI token](/news/article/will-enhance-token-explode) Fetch.ai (FET), while those glued to decentralized finance (DeFi) can buy DeFi tokens like Yearn Finance (YFI) and Maker (MKR). 

High volume exchange. Trading volume is an integral part of choosing an exchange as well as settling on a cryptocurrency. This platform is among the most patronized, with more than $100 billion in cumulative volume. To show you the worth of the exchange, market and consumer data reporter [Statista listed](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) the exchange among its top 50 by daily trading volume.  

Supports PayPal. As one of the most used electronic wallets globally, PayPal has more than 400 million users. With PayPal, customers can see their accounts credited with any amount or number of digital currencies they want. Aside from PayPal, the platform accepts the e-commerce payment system iDEAL and the e-payment solution MyBank. Moreover, the Single Euro Payments Area (SEPA) makes it possible for customers to make direct Euro (€) payments via direct debit as well as credit transfer. Online banking platform SOFORT also allows customers to move funds in and out of their accounts.  

Highly accessible platform. Bitvavo has three-way accessibility. For desktop users, the exchange can be found on the World Wide Web using any web browser or search engine. Additionally, smartphone users whose devices are powered by Android and iOS can download the exchange's application via Google Play and Apple Stores, respectively. With a user-friendly interface, traders can easily dabble in cryptocurrency investing.   

## Cons of buying digital currency with Bitvavo  

It's tailored to the needs of just European traders. The decentralized finance market, unlike centralized finance, does not stop. The market is always open to traders from all walks of life so long as they can access the internet. Unfortunately, the Bitvavo platform serves Europeans, and this practically cuts off potential liquidity that could have been poured into the exchange from traders from Africa, North, Central, and South America, and the Middle East. 

Does not support PaySafe Group's products. PaySafe is one of the biggest names in the electronic payments business. Its two flagship products, in the form of Skrill and Neteller, are accepted by most European exchanges due to their reach in the region. Not supporting these e-wallets as payment methods does not bode well for such a popular trading platform. 

Euro (€) is the sole currency for transactions. Many exchanges try to adapt to the demands of customers who move to Europe but hold accounts in other currencies that need to be accessed for trading. Unfortunately, Bitvavo exchange does not make provisions for currency swaps. Anyone wanting to engage with this platform should find EUR or search for another platform.  

## Conclusion 

Bitvavo is among the best European exchanges any trader can use. But like any journey in the cryptocurrency industry, independent research should be prioritized. While this exchange has worked for more than one million people, it may not work for you. Therefore, do your own due diligence.  

Assess the pros and cons of investing in the Bitvavo exchange, the additional products it offers, such as [staking](/news/article/kda-staking-earning-kadena-rewards), which can bring you consistent passive income, and read reviews from past customers that have engaged with the platform over an extended period. 

bitvavo cryptocurrency exchange logo on blue background image of cryptocurrency coins

Bitvavo: Best Exchange on the Market?

CowSwap is an Ethereum blockchain-based, decentralised financial application. It attempts to settle buy and sell orders between its customers, i.e., to discover a coincidence of wants, thereby avoiding slippage and costs. 

Orders not finding a peer-to-peer match are sent to the underlying automated market maker at CowSwap. 

## Differences between CowSwap and UniSwap 

[CowSwap](https://www.alchemy.com/dapps/cowswap)'s interface may appear similar to the ordinary [DeFi](/news/article/what-is-a-defi-token) user, as it is built on the Open Source code used to develop the Uniswap front end. Nonetheless, there are differences between the products: 

It can settle orders on [Uniswap](/news/article/uniswap-exchange-nft-aggregator), Sushiswap, 1inch, and Paraswap, offering users the best price. 

When there is a Coincidence of Wants (CoWs), users [can trade](https://docs.cow.fi/overview/introduction) directly with other users without going through any pools, eliminating the need to pay Liquidity Provider costs. 

In the event of a price movement against your order, the order will expire when users waste gas on unsuccessful transactions, whereas on Uniswap, users will pay. 

It has no liquidity suppliers. Instead, it connects to all on-chain liquidity supplied by various protocols. 

## Cancelling orders  

CowSwap allows users to cancel their orders for free. As a user, they sign the order cancellation in the same way that they place the order, and if the solution has yet to be mined, the order will not be performed and thereby cancelled. 

## Supported wallets 

EOA wallets: Most EOA wallets are supported through WalletConnect, Metamask, or any injected wallet (mobile wallet app browser). 

Smart Contract wallets: At the moment, smart contract wallets such as Gnosis Safe, Argent, or Pillar, since placing the order would need signing an on-chain transaction, rendering it no longer gasless. 

CowSwap is a critical infrastructure for open finance, which will see the creation of more and more tokenised assets and lead to a reliable trading mechanism with the user's best interest in mind. 

cowswap logo onblue image of cows in a field

What is Cowswap and How Does It Work?

2021- It’s the _most wonderful_ time of the year!  Speculation abounds over which altcoins are most favourably positioned to be cryptocurrency’s biggest GAINERS in the coming new year and would-be millionaires remain poised and at the ready to pounce on the exchanges.
2022. 

## A Look Back at 2021

However, a look back reveals that 2021 was a year of substantial achievements for the nascent digital assets market – a handful of these events were considered watershed moments at the time.  Signals that cryptocurrencies could not only stand up to the test of time, but also events that suggested cryptocurrencies had finally reached that oh-so-important stage of “mainstream adoption” – a key benchmark indicating a global embrace of [Bitcoin](/coins/btc), [Ethereum](/coins/eth) and other commonly known cryptocurrencies by modern society.

## 2021 Cryptocurrency Achievements

The waning days of 2021 have been rocky for cryptocurrency investors, but it was undeniably a year that the cryptocurrency market reached a new level of maturity.  Below we share of the few of the most noteworthy achievements for cryptocurrencies in 2021:

*   Celebrity CEO and Bitcoin mega-booster, Elon Musk, issued a series of public comments via Twitter that pumped up significant public interest in cryptocurrencies.  The Tesla CEO _did_ put his money where his mouth was with an announcement in early 2021 that his company would be making a $1.5 billion investment in Bitcoin.

*   Proshares introduced the world’s first exchange traded fund (ETF) – the Bitcoin Strategy ETF (BITO).  More than 24 million shares worth over $1 billion were traded…on _the first_ day.  Within 24 hours the fund had accumulated $570 million in assets.

*   Crypto-investors partied the night away when the nation of El Salvador became the first country in the world [to consider Bitcoin legal tender, meaning all vendors in the nation are _now required_ to accept Bitcoin as payment.

*   Business intelligence powerhouse, Microstrategy, upped its Bitcoin holdings to the tune of $6 billion which the rest of corporate America would go on to interpret as “proof positive” that they too could start taking digital currency investing seriously.

*   Industry leading financial companies like Venmo, Paypal, and even Mastercard setup their popular platforms to accommodate Bitcoin and other cryptocurrencies.

*   Non-Fungible Tokens (NFTs) crashed onto the scene in early March when a digital work of art that was created and sold as a unique NFT fetched over $69 million at a Christie’s auction. The name of the art was “Everydays: The First 5000 Days” and is simply a mosaic of illustrations and sketches created by a popular artist that goes by the moniker “Beeple.” 

*   Finally, how could we exclude [Dogecoin](/coins/doge)?  The market’s (and the world’s) first meme coin initially minted as a joke was introduced to an unsuspecting world and went stratospheric thanks to celebrity backing from Mark Cuban and Snoop Dogg.  Dogecoin had achieved a mind-boggling 12,000% increase in value by May of 2021.

## 2022 Cryptocurrency Predictions
-----------------------------------

So, what’s to come in 2022?  Who’s to know for certain?

Bitcoin has been the industry titan since the market’s inception, but there are those who see Ethereum overtaking Bitcoin in the year to come.  Bitcoin is expected to reach $100,000 in the not-so-distant future, will 2022 be the year?  If we use 2021 as a guide, all we can say for sure is that anything is possible in this market.  It has evolved in both size and in public popularity – both trends you can expect to see continue in 2022.



2021 a “Break Out” Year for Cryptocurrency?

Mercy Corps is a global group of humanitarians working towards creating a better future for all by tackling the biggest crises of today. The mission is to reduce oppression, poverty, and suffering by helping people build just, productive, and secure communities. 

You can help Mercy Corps on its [noble mission](/news/article/impact-of-cryptocurrency-on-society) by donating crypto. Here's how. 

## What is Mercy Corps? 

[Mercy Corps](https://www.mercycorps.org/how-to-help/give-cryptocurrency) is a global collective of more than 5,900 members working towards a common cause - creating a future where EVERYONE can prosper. In 2022 alone, the humanitarian organisation reached 38M people across more than 40 countries. 

Mercy Corps’ Water, Sanitisation, and Hygiene (WASH) team, for example, supports 7,400 people in Iraq with sanitisation services and clean water at the Debaga displacement camp. 

The organisation is committed to bringing about change on a global scale through local impact - 84% of the organisational task force belongs to countries where they work. Mercy Corps tries to find unique solutions to the most pressing problems in the quest to serve the people best. 

The humanitarian group goes beyond emergency aid and partners with social entrepreneurs, local governments, forward-thinking corporations, and individuals living in fragile communities to create brazen solutions that have a lasting impact. 

This [short video](https://www.youtube.com/watch?v=8rJ2zhfyRAA) is a fascinating insight into the organisation's work. Ably led by Tjada D'Oyen McKenna and a team of executives, a Board of Directors, and leadership councils, the group is tackling the world's toughest problems, one day at a time. 

You can explore careers at Mercy Corps if you are driven to make a real difference. Of course, there are other ways you can help as well. Here is how you can make a crypto donation. 

## Donate crypto and make an impact 

Mercy Corps can put in the hard yards and make a difference in millions of lives annually through the money it receives as a donation. The organisation has an active community of monthly supporters. Today, its monthly giving 'Partner in Possibility' program has more than 16,000 changemakers. 

Here is how a small donation can make a big impact: 

- A $10 donation/month can feed 60 primary school students yearly. 

- A $30 monthly donation can train 144 farmers to grow healthier and more nutritious crops every year. 

- A $50 donation can provide hygiene items, water, and food to eight refugee families annually. 

Your monthly gifts ensure genuine, life-changing assistance. According to Linda, a monthly giver from Texas, "You can be assured that you are making a big difference worldwide. You would be working with a charity that is always 'boots on the ground' and is there to offer real life-changing assistance, no matter what." 

You can make a one-time donation as well. The Mercy Corps team works in Africa, the Americas, Asia, Europe, and the Middle East, so feel free to volunteer for an initiative if you have the time to spare! To [donate](/news/article/sustainable-impact-investing) crypto, visit the "[donate bitcoin](https://thegivingblock.com/donate/mercy-corps/)" page and click the Donate Now button. 

 ![mercy corps website screenshot with form to fill in to "donate now"](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_30_at_09_53_32_d4806ebd15.png)


Take note of the Tax ID present near this button. All crypto donations are exempt from taxes. If you donate cryptocurrency to a charitable/humanitarian organisation described in Internal Revenue Code Section 170(c), no loss, gain, or income will be recognised from the donation! 

At the time of writing, you can donate Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). 

 ![make a donation screenshot of mercy corps website](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_03_30_at_09_53_41_1ad35276ae.png)


Simply choose the crypto you want to donate, enter the amount, and click Next. You can also donate stocks and [make a card payment](/news/article/crypto-app-mastercard-nft). The minimum donation amount is $45 (once, monthly, or annually), and the maximum is $5,000. 

Remember, if you opt for monthly or annual giving, you can opt-out anytime. Do not feel compelled to continue donating if you do not have the means or will to at any point in the future. 



yellow image of charity making donations with mercy corps logo in the centre

Mercy Corps: Donate Crypto to Make a Difference

Financial markets are never free from fraudulent activities. Scammers use various tactics to lure investors and trick them into losing their money. One of its examples is the widely debated Infinox scam.

Apparently, Infinox Forex broker is a firm authorised and regulated by the FCA. However, it still faces allegations of running a scheme that made people lose large sums of money. So, what's the truth behind it?

## A prologue to the Infinox scam 

The Infinox scam story goes back to Christmas of 2019, when an Instagram influencer and self-proclaimed Forex trader was accused of scamming hundreds of investors. According to a [documentary by BBC journalist Mobeen Azhar](https://www.bbc.co.uk/bbcthree/article/1bee6bdc-9cc6-4415-84fc-6536ec31d46c), the scammer was a former biosciences student at the University of Plymouth.

The student, who was in his early twenties, was identified as Mr. Gurvz. He offered copy trading services on his Instagram account, with more than one million followers. He maintained a lavish lifestyle on social media and is known for roaming around Plymouth in his rose-gold Maserati.

Allegedly Mr. Gurvz promoted the Bahamas-based Infinox Forex broker to his followers. However, the firm crashed towards the end of 2019, and investors lost millions in GBP. 

## Who is Mr. Gurvz, and how is he connected to the Infinox scam?

The real name of [Mr. Gurvz](https://www.instagram.com/mr.gurvz/?hl=en) is Gurvin Singh Dyal, a resident of Plymouth. Gurvin shares his knowledge on Forex trading and other online money-making ways on the Instagram platform.

Gurvin also keeps his followers posted about his luxurious lifestyle. He regularly shares pictures of his fancy cars, stays at lavish hotels, branded accessories, and travel vlogs.

![scam.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/scam_6614cc5eb0.png)
 
[Source](https://www.instagram.com/p/Cf4VtrGo4_O/?igshid=YmMyMTA2M2Y%3D)

Mr. Gurvz belongs to a modest family and spent his childhood in Ilford, London. He dreamed of becoming a doctor, but because of his low A-level grades, he opted for biomedical science.

According to several Instagram posts, he struggled financially during his early years at university. That's why he took a course on online earning at the University of Plymouth. This started his journey towards becoming a Forex trader and later an affiliate marketer and drop shipping expert.

Gurvin Singh also launched his company, "GS3 Trades", through which he offered Forex copy trading services. He is also the CEO of the "Academy 2 Earn" platform, as per his Instagram bio. Through this platform, he offered various courses for online earnings, like affiliate marketing and dropshipping. 

Allegedly investors lost around £4 million in the Infinox scam
Allegedly, Mr. Gurvz also worked with the Bahamas-based Infinox broker and promoted its services through GS3 Trades. He encouraged his followers to invest in the platform and earn lucrative profits. His marketing prompted hundreds of people, including his close friends and family, to invest in the platform.

Initially, investors made great profits, but the platform suddenly halted withdrawals.

As per the BBC documentary, Jonathan, an investor who lost his funds, explained that Gurvin and his company restricted investors from withdrawing the money. 

He said, “Gurvin and his administrators were like, 'If you withdraw, we'll kick you off the system. It will close all the trades. It will make everything go south.'." This was communicated to investors via a WhatsApp group.

At the end of 2019, the Forex broker finally crashed. An estimate of the total losses of investors’ assets is around £4 million. 

## Is Infinox regulated by the FCA?

Gurvin maintained to his followers that the platform is regulated by the FCA (Financial Conduct Authority) in the UK. The FCA is [one of the strictest financial regulators](/news/article/uk-fca-explains-low-crypto-approval) in the world. However, the Infinox broker he promoted was in the Bahamas. That means people cannot claim compensation for their losses from the Financial Services Compensation Scheme or the Financial Ombudsman Services.

Following the allegations, the UK regulator also issued a [warning against Mr. Gurvz](https://metro.co.uk/2020/01/01/student-made-100000-month-investigation-scammer-11984016/) and his GS3 Trades. The FCA mentioned that the firm is unlicensed and that consumers should deal with it cautiously.

## Response from Mr. Gurvz to the scam allegations

After the FCA warning, the BBC published a four-part documentary named [Scam Land: Money, Mayhem, and Maseratis](https://www.bbc.co.uk/programmes/p09hbmxw). The documentary, released on BBC1, was based on Mobeen Azhar’s investigation. It accused Gurvin Singh Dyal of duping investors and covering the losses. 

Gurvin Singh responded to the FCA warning and the BBC documentary in a post on Instagram. He posted a lengthy note on his account with the caption, "you've seen the fabricated version; now here are the facts".
 
![.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/png_6549cb1c72)

[Source: Mr. Gurvz](https://www.instagram.com/p/CPbhx0JjRaS/?igshid=YmMyMTA2M2Y%3D)

Mr. Gurvz mentioned in the post that he was always willing to cooperate with the FCA over the issue and even contacted the regulators back on 9 January, 2020. 

On the Infinox scam matter, Gurvin said he was working as an affiliate marketer for the firm. He stated that he "identified affiliate marketing as a way to earn an income". He maintained that he was young at that time and wanted to support his education.

In addition, Mr, Gurvz also explained how he started working with the Infinox Forex broker. He disclosed that an Infinox employee (Tristan Jones) and an affiliate marketer (Mirko Notturno) contacted him to promote the firm. According to Mr. Gurvz, Infinox contacted him because of his financial background.  

Furthermore, Gurvin Singh maintained that he believed the firm was registered with the UK regulators. He stated that he attended meetings in the company's central London office, which was its registered address. This helped Infinox seem like a genuine and legitimate broker. 

Moreover, Mr. Gurvz upheld in his Instagram post that he “did not act dishonestly” toward his clients. According to him, he did take instructions from Infinox, but he did not handle clients’ funds. 
Gurvin Singh revealed that investors signed a direct contract with the Infinox brokerage. The agreement clearly outlined all the details regarding how and who would manage their assets.

Last year, Gurvin Singh Dyal also appeared in the [Anything Goes with James English](https://www.youtube.com/watch?v=M7xIdX1yBF8) podcast. He further clarified his stance on the Infinox scam scandal in the podcast. 

He mentioned in the podcast that several other affiliate marketers were promoting the company. But the company used his name as a scapegoat. He also shared how he rebuilt his reputation and what he has been doing to make money. 

## Infinox.com vs. Infinox.bs

Gurvin assured customers they would be dealing with the FCA-approved Forex broker, Infinox Capital. The right domain for the original site is Infinox.com. However, the link provided to the investors was related to a Bahamas offshore company with a Infinox.bs link.

After the crash, many investors asked questions from the UK-based brokerage. However, it has dismissed the allegations by saying that the firm is a ‘separate legal company’.

Anthony Stubbs, the CEO of the Bahamas Infinox Forex broker, holds Mr. Gurvz responsible for clients’ losses. However, he admitted that his firm was responsible for handling [copy trades](/news/article/best-tools-for-trading-crypto) for clients. 

Jay K. Mawji, the managing director of the UK-based firm, dismissed the allegations of the firm’s affiliation with either Mr. Gurvz or the Bahamanian brokerage. Mawji said that the Bahamian firm is a separate company and is not a part of his firm.

## Who's to blame for the £4 million loss?

This scam story is quite complicated, where all the parties have distanced themselves from the matter. However, [Metro.co.uk](https://metro.co.uk/2021/05/16/forex-broker-infinox-accused-of-helping-gurvin-singh-dupe-hundreds-out-of-4m-14587738/) reported that some victims noticed that the contract emails they received were sent by Infinox Capital. It also mentioned that investors would be engaging with both firms.

Moreover, the victims revealed that when Gurvin restricted clients from withdrawing the funds and dealt harshly with the ones who questioned the policy, Infinox employees did not intervene. It indicates that they were supporting Gurvin’s actions.

In addition, an affiliate marketer who worked for the firm in the same capacity as Mr. Gurvz alleged that Infinox was using the Bahamas firm to run illegal schemes. He said the company forced everyone to open accounts on the "Bahamas server". This would allow the company to exploit the Caribbean's lax trading policies and tax havens.

In the Bahamas, traders can use strategies that are 16x riskier than what is allowed in Britain. It also allows traders to make more profit. 
However, Infinox leveraged the Bahamas regulations, allowing them to continue trades even when clients lost their assets. If the company were operated in the UK under the FCA regulations, they would have to close the trades immediately after 50% losses.

Another thing that indicates the involvement of the UK-based company in the Infinox scam is the source of the company’s revenue. According to a [Metro.co.uk](https://metro.co.uk/2021/05/16/forex-broker-infinox-accused-of-helping-gurvin-singh-dupe-hundreds-out-of-4m-14587738/) report, the company generated £9 million in revenue in 2019, of which £1 million was earned through the Caribbean market.

## Bottom line

Infinox Capital is a British Forex broker that is authorised by FCA. In 2019, its name made headlines when investors lost around £4 million because of a scam. The company was allegedly running a dubious scheme through a Bahamas-based offshoot besides running an affiliate marketing program, which Infinox Capital has denied.

Affiliate marketers used their Instagram profiles to portray lavish lifestyles and promote the company's services. Meanwhile, relaxed Bahamian regulations allowed the firm to continue its illegal scheme.


Infinox logo over image of red scam warning

Infinox Forex Broker Scam Uncovered 

[Coinmama](/news/article/coinmama-crypto-exchange) and Coinbase are two popular crypto exchanges, thanks to their user-friendly interfaces and commitment to security. But in the Coinbase vs Coinmama battle, which one is right for you?

## Coinbase vs Coinmama overview

Coinmama was founded in 2013 and allows users to purchase various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Cardano, Litecoin, Tezos, Ripple, and [Dogecoin](/news/article/elon-musk-twitter-dogecoin), using fiat currency. It accepts credit and debit card payments and bank wire transfers for deposits.

The minimum purchase amount on this exchange is $50, and it supports all fiat currencies. However, it charges a commission fee of up to 3.90% on buy transactions and up to 0.9% on sell transactions.

This exchange offers three account transaction limits, with Level 1 having a limit of $15,000, Level 2 having a limit of $50,000, and Level 3 having a limit of $1 million. The daily credit card buy limits for Level 1 and Level 2 are both $5,000, while Level 3 has a limit of $7,500. The daily bank transfer buy limits for Level 1, Level 2, and Level 3 are $15,000, $30,000, and $50,000, respectively. The exchange charges a 5% deposit fee for credit card payments but no withdrawal fee. They also offer customer support through email and support tickets, and it has a mobile app available for download.

[Coinbase](/news/article/coinbase-google-partnership) was founded in 2012 and is based in San Francisco, California. The exchange has over 100 supported countries and offers trading in more than 3,000 cryptocurrencies with 150+ trading pairs. However, this exchange does not have its native token. The exchange supports fiat currencies such as USD, EUR, and GBP and has a minimum deposit of $2. Users can deposit funds through ACH, Fedwire, Silvergate Exchange Network, and SWIFT, with fees ranging from free to $25. The maximum daily buying limit on Coinbase is $25,000 daily, and transaction fees range from $0.99 to $2.99. Withdrawal fees are between 0.55% to 3.99%. It has applications available for both iOS and Android, and customer support can be reached through email and phone.

## Ease of Use

Both of these exchanges are user-friendly exchanges. Coinbase has a more extensive user interface and a broader range of features, making it suitable for beginner and expe[text](link)rienced traders. It also offers a more comprehensive range of cryptocurrencies to trade and allows for staking and lending some cryptocurrencies.

[Coinmama](https://www.coinmama.com/), on the other hand, has a more streamlined user interface, making it easier for beginners to use. It also provides a simple buying process with fast transactions. However, it offers a more limited range of cryptocurrencies to trade.

## Security

On 15 February, 2019, Coinmama experienced a security breach that leaked 450,000 email addresses and passwords. The exchange's official statement revealed that the breach was part of a large-scale global hacking attack affecting 24 websites and 747 million records. But, if we look at the positives, customer cryptocurrency funds are never held or stored on the site, and payment information is not saved, which means that personal financial details and cryptocurrency are not at risk of being hacked.

In 2021, [Coinbase](https://www.coinbase.com/) suffered a security breach due to a vulnerability in its account recovery system, which compromised at least 6,000 user accounts. However, Coinbase promptly fixed the issue and fully reimbursed affected users. Despite numerous hacking attempts, Coinbase has remained vigilant in safeguarding its platform.
So, both of these platforms are safe and secure.

## Fees

Coinbase applies a fee that varies depending on the size of your transaction. Transactions of $10 or lower incur a fee of $0.99, while those between $10 and $25 cost $1.49. Transactions ranging from $25 to $50 require a price of $1.99, and those between $50 and $200 cost $2.99. Transactions exceeding $200 incur a fee based on a percentage of the transaction amount. Additionally, Coinbase charges a spread-based fee of 0.50%.

Other fees depend on the payment method used. ACH transfers are free, while a bank account or USD wallet incurs a 1.49% fee. Credit or debit card transactions attract a 3.99% fee, while wire transfers require additional costs of $10 for incoming transfers and $25 for outgoing transfers.

When trading on Coinbase Pro, fees range from 0% to 0.5% per trade. Users can expect to pay a taker fee ranging from 0.04% to 0.50% and a maker fee between 0% and 0.50%.

Coinmama charges commission fees that vary from 0.99% to 3.90%, based on the customer's Loyalty Level. By standard practice, the exchange applies a spread to balance the unpredictability of a decentralized currency without a fixed market rate. Additionally, Coinmama imposes an "express fee" for particular payment methods that involve securing the exchange rate for a prolonged duration. Such payment methods comprise credit/debit cards, Google Pay, Apple Pay, Skrill, and NETELLER.

## Supported cryptocurrencies

Coinmama offers a diverse selection of cryptocurrencies for purchase, including some of the market's most popular and widely-used digital assets. Here, users can buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Ripple (XRP). It offers trading pairs with several stablecoins, such as USDC and USDT, which are pegged to the US dollar, providing stability to users' cryptocurrency investments. Other tokens available for purchase include Chainlink (LINK), Dogecoin (DOGE), EOSIO (EOS), Loopring (LRC), Numeraire (NMR), OMG Network (OMG), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), and Aave (AAVE). It's worth noting that some cryptocurrencies may not be available in certain regions due to legal restrictions or other factors.

Coinbase Wallet supports Ethereum and all EVM-compatible networks on the mobile app and browser extension. This wallet has pre-configured networks such as Arbitrum, Avalanche C-Chain, BNB Chain, Gnosis Chain, Fantom Opera, Optimism, Polygon, and xDai. \

The Coinbase Wallet mobile app also supports Bitcoin, Dogecoin, and Litecoin. Users can also link their Coinbase.com account to the Coinbase Wallet to buy or transfer cryptocurrency. However, it is vital to consider that not all supported crypto on Coinbase Wallet may be available for trading on Coinbase.com and vice versa. 

Sending funds between the Coinbase.com account and Coinbase Wallet incurs standard network fees. The wallet also supports thousands of tokens, including ERC-20 tokens and all tokens on EVM-compatible chains and stablecoins such as USDC and DAI on all supported networks, including tickets on the Solana Network.

## Coinbase vs Coinmama conclusion

In conclusion, Coinmama and Coinbase are user-friendly, secure, and reliable exchanges. When it comes to choosing from Coinbase vs Coinmama, you must consider your individual needs, such as the range of cryptocurrencies you wish to trade, your transaction limits, and the fees you are willing to pay.

Coinbase offers a broader range of cryptocurrencies and has a more extensive user interface, making it suitable for both beginner and experienced traders. In contrast, Coinmama has a more streamlined user interface and provides a simple buying process with fast transactions.

Regardless of your winner of the Coinbase vs Coinmama showdown, it is always important to prioritize security and to use a reputable and trusted platform for trading cryptocurrencies.


coinbase and coinmama apps in front of blue abstract image

Coinbase vs Coinmama: Which is Better for You?

You may have heard of the blockchain-based Fireblocks platform. 

Fireblocks platform is a product created for the crypto market to move and manage institutional assets. So what is this platform all about?
Most of what you may have experienced as a crypto market trader or investor is buying and selling crypto assets on a small scale. A small-scale crypto investor may be trading with funds that range from a few hundred to tens of thousands of dollars.

When crypto investments break the seven-figure barrier, this marks a transition from a small-scale operation to an institutional-scale one. At the institutional level of investment, you cannot keep operating with the same tools as the small-scale, retail-level traders. It would help if you had a resource that guarantees better security, better pricing for your trades, and more robust tools to manage such enterprise-level investments. This is where the Fireblocks platform comes in.

Fireblocks is a platform that provides you with enterprise-grade resources to move and manage your digital assets securely.

The large sizes of institutional crypto portfolios require the brokers/exchanges handling their business to offer something beyond the regular. Several factors constitute risks in the crypto market.
The first is the system of storing digital assets. Crypto assets are held on exchanges or in self-custody wallets with private keys. The two systems are fraught with risks.

Exchange-held assets are highly vulnerable because they are stored in online/hot wallets. Hackers are no longer the only threat to exchange-held tokens. Recent events such as [the collapse of FTX](https://brendanbeeken.com/ftx-collapse/) and [Celsius](/news/article/celsius-bankruptcy-judge-order) have shown that exchanges run by inexperienced hands with limited compliance and internal controls are as much a risk as a hacking team.

Self-custody wallets require that the owner of the assets secures the wallet with a private key. If the key is misplaced or compromised, the assets are lost forever.

Another requirement for institutional crypto investors is a robust trading environment that presents the user with professional tools that are not accessible to anyone else. For instance, institutions are very keen on risk management and prefer using platforms that provide market-neutral trade types.

As will be discussed later, the MPC proprietary protocol used in designing the institutional-grade wallets on Fireblocks also enables trades to be made up to eight times faster than the industry average. If you trade huge volumes, you must split up your trade sizes to get good executions without altering the market price too much. Having ultra-fast transaction speeds compensates for the inability to push out all orders simultaneously, and the MPC protocol guarantees this.

## Digital asset operations you can perform on Fireblocks

a)   Deposits and withdrawals using MPC wallets
Multi-Party Computation (MPC) wallets are considered more secure than traditional crypto wallets as they utilize a system of wallet key management that allows multiple parties to simultaneously perform various cryptographic-based functions without revealing their inputs.

This means there is no single point of failure (such as losing your private keys) as with traditional wallets. Fireblocks is one of the pioneers of this technology. As an institutional player, you cannot pin the security of your massive crypto holdings to the existence of a private key. Considering that billions of dollars in crypto assets have been lost forever due to the misplacement of private keys, you would know that this is a big deal.

b)  Trading with liquidity providers and trading venues
Trading on an institutional basis requires a direct connection to liquidity providers. This level of trading is equivalent to wholesale trading because the liquidity required at this level is enormous. This large liquidity base enables institutional traders to get the best possible pricing and the cheapest spreads. The Fireblocks platform provides direct market access to liquidity providers, trading desks, and counterparties. This connection also provides access to a round-the-clock settlement of trades for more than 400 tokens across over 30 major exchanges.

c)  Perform various account analytics functions
Fireblocks also allows you to view various asset storage analytics. For instance, you can view your digital assets in offline vaults, exchanges, or in fiat accounts. You can also view your account inflows and outflows and check your open/closed trades and positions.

d)  Speedy transfer of digital assets to and from centralized exchanges
Another vital function required to effectively manage institutional crypto assets is the ability to move funds in and out of an exchange to a non-custodial wallet. Typically, institutional digital assets account for most fund outflows from centralized exchanges during market turbulence.

Whenever there is a market upheaval, the crypto market witnesses a large volume of outflows from centralized exchanges to private wallets. The UST collapse, FTX collapse, and the [bankruptcy of Celsius led to net outflows from centralized exchanges](https://blog.chainalysis.com/reports/personal-wallets-institutional-crypto-adoption-self-custody-defi/). Institutional funds accounted for 68% -77% of these outflows.

The reason is not far-fetched. Capital preservation and risk management are at the heart of institutional-level investment operations. To protect capital during a market downturn, there has to be a secure pathway to move these large volumes of digital assets.

The Fireblocks platform offers this secure environment. Its connectivity with several exchanges ensures that such movement of funds can be done simultaneously, securely, and speedily.

## Fireblocks Conclusion

Enterprise-level crypto portfolio management requires a more robust approach than what is obtainable in the retail segment of the market. Upgraded encryption, advanced cryptography that eliminates a single point of failure, and a secure system for conducting the industrial-scale movement of digital assets between exchanges and non-custodial wallets are a must. Fireblocks has provided a one-stop shop for institutional-level clients' needs.

The Fireblocks platform serves hedge funds, neobanks, PSPs, exchanges, prop traders, and lending desks. The platform supports all ERC-20 tokens and assets on the Binance Chain and the Avalanche network. You have to initiate the connection process by requesting access via the online form on the website.


fireblocks logo on image of blockchain with blue filter

Blockchain-Based Fireblocks Platform Explained

The CBUAE (Central Bank of the United Arab Emirates) has revealed its strategy for introducing the UAE CBDC. The CBUAE will likely launch its digital currency by mid-2024.

On March 23, the CBUAE released an [official statement](https://www.centralbank.ae/media/lpoilyue/cbuae-launches-the-central-bank-digital-currency-strategy-the-digital-dirham-en.pdf) regarding its strategy for the digital Dirham. The statement mentioned that the CBUAE has signed an arrangement with the [R3](https://r3.com/) and [G42 Cloud](https://www.g42cloud.com/) firms to launch its CBDC. 

## UAE CBDC: The three pillars of the first phase

The announcement further stated that the first stage for implementing the digital Dirham would likely be concluded in the next 12 to 15 months. The central bank has set three main pillars or goals for the first stage.

Firstly, the CBUAE is aiming for the soft launch of its pilot project, mBridge. It is a cross-border payment with several central banks and authorities. They include the Bank for International Settlements (BIS), the Bank of Thailand, the Hong Kong Monetary Authority, and the Digital Currency Institute of the People's Bank of China. 

The second goal of the CBDC's first stage is to collaborate with India for virtual currency bridges. India is among the UAE's top trading allies. The two countries will work on a bilateral virtual coin bridge to facilitate trade. Meanwhile, India itself is implementing its [digital Rupee](/news/article/reserve-bank-of-india-cbdc).

Lastly, the Proof of Concept work will also be implemented for the domestic Dirham. It is to facilitate the wholesale and retail uses of the currency.

## Financial infrastructure transformation

Introducing a digitized version of the Dirham is a key step toward financial infrastructure transformation in the country. The FIT program in the UAE is looking to catch up on the global trend of introducing CBDCs.

Many countries, including India, [Russia](/news/article/putins-blockchain-payment-system), [Iran](/news/article/iran-accepting-crypto-payments), the UK, and others, are working on their virtual fiat currencies. Therefore, the digital currency of the UAE can be a significant step toward a transformation in the country's financial system.


Yellow image of UAE flag in front of Dubai skyline

UAE CBDC to Complete First Phase by 2024 

Terraform Labs CEO and co-founder Do Kwon [has been arrested in Montenegro](/news/article/do-kwon-hiding-in-serbia). He oversaw the multi-billion dollar collapse of the TerraUSD-LUNA ecosystem and has been [charged with fraud](/news/article/terraform-labs-accused-of-fraud-by-sec) by US prosecutors.

## Do Kwon arrested: Series of events

In early 2023, Do Kwon and Terraform Labs [were accused of](/news/article/do-kwon-red-notice) "orchestrating a multi-billion dollar crypto asset securities fraud", with eight charges announced against him by US prosecutors.

He was arrested on 23 March in Montenegro, travelling under a false name and in possession of fake documents. South Korean authorities released a separate arrest warrant for him in September 2022. They were at the scene to confirm his identity through official fingerprint records.

## Do Kwon arrested: Why did the TerraUSD-LUNA ecosystem collapse?

The Terra ecosystem was created in 2018 by Terraform Labs and is largely known for its decentralised algorithmic stablecoin, TerraUSD (UST), and reserve asset cryptocurrency, Luna (LUNA). The (now defunct) algorithmic stablecoin system is simple to understand:

•	1 UST = $1 LUNA.

•	If UST<$1, burn UST and mint LUNA. Burning will raise UST's price.

•	If UST>$1, burn LUNA and mint UST. Minting will decrease UST's price.

What [made this system a Ponzi scheme](/news/article/terra-luna-collapse) was the unsustainable interest rate of nearly 20% offered upon staking UST on the Anchor Protocol.

## The system was built to fail.

Upon shifting from a fixed interest model to a dynamic one, UST began its downfall on 7 May, 2022, when a UST whale sold an enormous amount of the stablecoin.

To compensate for the de-pegging of UST, mass burning of the stablecoin began, leading to a surplus of LUNA on the open market. Both cryptocurrencies collapsed and more than $40B in UST-LUNA market value was wiped out. Even a $3.5B Bitcoin reserve fund failed to control the downslide of the value of both crypto tokens.

In a nutshell, the model was based on minting an endless supply of LUNA to maintain UST at $1 and keep investors happy with an unsustainable interest rate model.

It should be noted that Do Kwon and the algorithmic stablecoin system were called out by a renowned economist Frances Coppola well before all this unravelled. Do Kwon mocked her publicly.

![dokwon.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/dokwon_f0af2d76e8.png)
 
Source: [Twitter (@stablekwon)](https://twitter.com/stablekwon/status/1410491186196795398?s=20)

I hope that [Do Kwon’s arrest is one step](/news/article/do-kwon-terra) towards a safer and better crypto space for all.


do kwon beind bars in montenegro with red filter

Terraform Labs CEO Do Kwon Arrested

US regulators have accused eight well-known personalities, such as Lindsay Lohan and Jake Paul, of engaging in an illicit cryptocurrency scheme. The charges claim that these celebrities used their social media presence to enhance the value of two [crypto](/news/article/cryptocurrency-news-predictions) tokens without disclosing that they received payment for promoting them.

The US Securities and Exchange Commission (SEC) [officially announced](https://www.sec.gov/news/press-release/2023-59) the charges on Wednesday.
The SEC claims celebrities used social media to share their cryptocurrency promotional messages.

## Lindsay Lohan Charges

On February 11, 2021, Lindsay Lohan, who has more than 8 million Twitter followers, tweeted that she was already liking Justin Sun's cryptocurrencies, which included $TRX.

In the tweet, she praised the currencies' super-fast speed and lack of fees while commending Justin Sun. In March 2021, she [advertised](https://twitter.com/lindsaylohan/status/1377647992639954945?s=20) an auction for an [NFT](/news/article/nft-tax-uk-rules-explored) of one of her songs and tweeted about it on April 1, 2021, saying there were just over 9 hours left to bid.

SEC Chair Gary Gensler stated that the Lindsay Lohan charges and associated cases highlighted the significant risks investors are exposed to when crypto asset securities are marketed and sold without adequate disclosure.

## Other celebrities charged with illegally promoting crypto assets

Charges have been brought against several famous individuals, including musician Soulja Boy (real name DeAndre Cortez Way), aged 32; singer Austin Mahone, aged 26; porn actress Michele Mason (better known as Kendra Lust), aged 44; musician Ne-Yo (real name Shaffer Smith), aged 43; rapper Lil Yachty (real name Miles Parks McCollum), aged 25, and Senegalese-American singer Akon (real name Aliaune Thiam), aged 49.

According to the [SEC](/news/article/looming-coinbase-sec-probe-upsets-coin-price), they are accused of illegally promoting TRX and [BTT](/news/article/btt-crypto-price) crypto assets without disclosing their compensation.

Additionally, crypto investor and Grenada diplomat Justin Sun is accused of fraud for manipulating the trading activity of the two tokens to make it appear as if they were being actively traded. This practice is known as "wash trading".

Except for Mr. Cortez Way, Akon, and Mr. Mahone, all the celebrities, including Lindsay Lohan, have collectively paid over $400,000 to resolve the charges.


red image of crypto coins with celebrities Lindsey Lohan, Jake Paul, Ne-Yo and Akon standing in foreground

Lindsay Lohan Faces Charges from SEC 

A [threat](https://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal) by the US Securities and Exchange Commission (SEC) to sue Coinbase Inc. has seen the Coinbase share price drop nearly 15% to $67.33 following extended hours of trading. The [Wells Notice](https://www.law.cornell.edu/wex/wells_notice) by SEC is a formal declaration that the US watchdog aims to recommend an enforcement action.

Market data shows the Coinbase share price closed at $77.14 during the typical trading session, having shed some 8.16% of its value. Nonetheless, COIN, the platform's native coin, dropped 15.8% of its value in the after-hours and closed the day at $64.95. The Coinbase stock has lost a cumulative 57% of its value over the last year. 

## Coinbase SEC probe targets essential products

The regulator has been [intensifying its efforts](/news/article/sec-crypto-enforcement-warning) to try and clean up the largely unregulated crypto market following the implosion of cryptocurrency exchange FTX late last year. 

According to the firm, the Coinbase SEC probe targets some of its essential products, such as the spot market, EARN, Prime and Wallet products, and staking, which has already been under scrutiny.

The SEC has previously trained its guns on [staking](/news/article/what-is-staking-crypto), a process through which cryptocurrency holders use their crypto holdings to stabilize platforms. They validate the blockchain transactions and receive eye-popping yields in return.

The regulator forced cryptocurrency exchange [Kraken](https://www.sec.gov/news/press-release/2023-25) to [wind up its cryptocurrency staking program](/news/article/crypto-tumbles-as-kraken-suspends-staking) last month, forcing the platform to part with $30 million in penalties for 'failing to register the program'. The SEC has already charged Chinese crypto enthusiast Justin Sun and several celebrities with illegally promoting crypto assets.

## A precursor for extra enforcement by the SEC

Per the SEC's allegations, staking, which involves the pooling of crypto resources, creates investment contracts and therefore qualifies as a security under the US Supreme Court case [SEC vs. Howey](https://www.investopedia.com/terms/h/howey-test.asp). The regulator opines that cryptocurrency exchanges violate the country's securities laws by offering such programs to investors.

The looming Coinbase SEC probe targeting products the regulator considers securities means that platforms offering staking as a service will be forced to restructure their programs to comply with the securities law or halt them altogether.

Staking service providers, most of which are cryptocurrency exchanges, must now wake up to the fact that the SEC is increasingly indicating that it considers most pooled staking programs as securities. For the larger crypto sphere, the regulator's actions should be seen as a precursor for extra enforcement by the SEC into the industry.


red image of coinbase website and coinbase coins with red filter

Looming Coinbase SEC Probe Upsets COIN Price 

MyLiquidityPartner is a rewards token that relies on liquidity pools. Liquidity providers contribute crypto assets like ETH/USDC/BTC to their liquidity pools to support trading. Here's our review.

A liquidity pool is a group of cryptocurrencies that gather fees from trading activities. These pools are created through smart contracts that secure and lock the tokens for decentralised exchanges (DEX) trading. [Decentralised finance](/news/article/instrumental-finance-defi) (DeFi) platforms commonly use automated market makers (AMMs) to facilitate trades, allowing digital assets to be traded automatically using liquidity pools instead of the traditional buyer-seller markets.

## How could liquidity partners earn? 

Partners can earn up to 2.5% each week based on the value of funds they contribute to the pool. The firm reduces the risk for its partners by allocating matched coins. The platform absorbs all the permanent risks associated with pool management, so the individual partner doesn't bear any risk. The Total Value Locked (TVL) is currently $350M and steadily increasing. The 24H trading volume is over $50+M and is trending upwards. This presents a chance to earn $400K in fees from a single pool.

In addition to receiving weekly 2.5% payouts, partners can opt to re-stake their commissions. Re-staking involves using the weekly payouts to buy more assets, thereby increasing the total asset count in the pool. The MyLiquidityPartner pool is designed for hyper compounding, with returns of 117% APR & 218% APY.

In addition to weekly payouts, partners receive an MLP Token, a loyalty reward token for existing pool partners. The MLP Token serves as an appreciation gesture for their participation in the program. It allows those who cannot afford to join the pool to participate and enjoy the platform's rewards while having access to immediate cash flow. Token holders can choose to donate their tokens to the Ruby Family Foundation. This fully transparent blockchain-based foundation allocates 100% of its funds towards global outreach programs for mothers and children. By making donations of reward tokens to the foundation, partners can directly support its mission efforts.

## Trading and fees on the Uniswap platform

Trades on the [Uniswap](/news/article/uniswap-exchange-nft-aggregator) platform are executed between USDC and ETH. Transaction fees are charged whenever these trades occur, and liquidity providers earn a percentage of these fees as passive asset growth proportional to their pool contribution. 

Liquidity Partners receive a weekly partnership fee, which begins at 0.75%, on their [Ethereum](/news/article/ethereum-pow-price-prediction) (ETH), Bitcoin (BTC), Shiba (SHIB), Ape Coin (APE), and USDC. Partners can choose between receiving weekly payouts or the "Hyper-Compounding" option.

For those who want to participate in a larger yield pool, MyLiquidityPartner also operates a BTC pool. It has a minimum deposit of 1 BTC. Before contributing, each partner must complete a full KYC approval, and there is no lock-in period.

## MyLiquidityPartner review: The pros

It is a fully decentralised platform that has been gaining popularity lately. With a surge in market price, a project white paper readily available, and an active community of 13.2K on Twitter, it is not surprising that many investors are flocking to invest in this platform. The contract on Ethereum ensures that the platform is secure and transparent, while being listed on [coinmarketcap.com](https://coinmarketcap.com/) provides credibility to the forum. Moreover, the website is easy to navigate, which is a plus for investors looking to get started with the platform.

## MyLiquidityPartner review: The cons

This cryptocurrency is still in the research and development stage. There are multiple issues with its synchronisations between ledgers, which is a cause of concern. Moreover, it must be listed on some exchanges, making it difficult for investors to buy and trade. One of the significant drawbacks shown in a MyLiquidityPartner review is the lack of a GitHub profile, which is essential for transparency and community involvement. 

Additionally, the absence of a Reddit account and Bitcointalk thread further hinders its popularity and reach. Furthermore, there are no traceable features on Tradingview, making it challenging to analyse the coin's performance.

Overall, this MyLiquidityPartner review shows it has a long way to go in establishing itself as a reliable and trustworthy cryptocurrency.


blue image of my liquidity partner logo on blue background image of US dollars and cryptocurrency coins

MyLiquidityPartner Review: Pros and Cons 

Ben Armstrong, a crypto Youtuber, is facing legal scrutiny following allegations that he sent threatening messages to the lawyers leading a class action lawsuit against promoters of the [collapsed crypto exchange FTX](/news/article/is-crypto-dead). Armstrong, also known as "[BitBoy Crypto](/news/article/bitboy-crypto)," is among several FTX influencers facing a [$1B class-action lawsuit](https://cointelegraph.com/news/ftx-influencers-face-1-billion-class-action-lawsuit-over-alleged-crypto-fraud-promotion) for alleged [crypto fraud](/news/article/guo-wengui-accused-of-crypto-fraud) promotion.

The suit alleges that the influencers failed to disclose that they were paid to endorse FTX accounts to their substantial online following, which includes the BitBoy Crypto YouTube channel with 1.45 million subscribers.

## BitBoy crypto faces legal scrutiny over alleged threats

According to court documents [filed](https://www.courtlistener.com/docket/67017199/5/garrison-v-paffrath/) on 20 March, the lawyers heading the class action suit claim that Armstrong has been harassing one of the plaintiffs since the lawsuit was filed last week. They accuse him of making "endless phone calls, Tweets, and emails" to the plaintiff and posting "insulting and threatening posts" about him on social media.

Furthermore, in the court filing, the lawyers accused Armstrong of making 21 calls within 45 minutes from an unknown number to the lawyers' office and leaving a voicemail containing a warning that "First Amendment protesters" would surround the lawyer's house "24/7 day and night".

In another voicemail, he claimed that the "home addresses" of the "lawyers" were being circulated on Reddit.

The filing alleges that he also sent profanity-laced emails to Adam Moskowitz - one of the attorneys in the FTX class action suit - and a message warning him that he was "choosing war with an anonymous community while you yourself are not".

It also claims that BitBoy posted a YouTube [video](https://www.youtube.com/watch?v=dp1F5lJUBf4) on 16 March directed at lawyers and individuals who bought the lawsuit against him and warned them that he was "coming at them with full force".

In another alleged message to Moskowitz, Armstrong reportedly warned him that "these people are dangerous" and that they could result in "you and your family shot".

The filing also included an email that Armstrong allegedly sent to Moskowitz in which he referred to him as a "b*tch" and an "unbelievably dumb mother f*cker”.

![Picture 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture_1_80ec6a5484.png)
  
## BitBoy Crypto's response to accusations

In a statement to Cointelegraph, BitBoy denied making calls, tweeting, or emailing the FTX class-action lawyers. Furthermore, in his video, he denied promoting [FTX](/news/article/ftx-funds-political-donations-to-be-recovered) and threatened Moskowitz with a countersuit.


red image of bitboy crypto youtuber holding his tweet about threatening lawyers

BitBoy Crypto Accused of Threatening Lawyers 

[Nigeria CBDC](https://cointelegraph.com/news/nigeria-cbdc-adoption-spikes-as-fiat-currency-shortage-grip-the-nation) adoption has been soaring over the past months due to millions of residents turning away from using the country's fiat currency in favour of the eNaira, multiple news outlets have reported.

The Central Bank of Nigeria has printed larger denominations of its currency to replace older banknotes as it fights rising inflation.

While this has been one of the many ways several developing economies, including West African counterparts like Ghana, have tried to reduce inflation and tackle rising economic challenges, most Nigerians feel that the current financial crisis provides the perfect opportunity for them to experiment with the country's central bank digital currency ([CBDC](/news/article/uk-sought-cbdc-head)). 

## Nigeria CBDC wallets usage has increased by 12-fold 

Wallets created for using the eNaira have increased 12-fold in the past five months, according to Godwin Emefiele, the Central Bank of Nigeria's governor.

The number of [CDBC](/news/article/russia-develop-cbdc-settlement) wallets currently stands at 13 million, up from around 1 million in October 2022.

According to a Bloomberg report, the eNaira transactions valuation has spiked by 63% to approximately 22 billion Naira (about [$47.7 million](https://www.bnnbloomberg.ca/nigeria-digital-currency-transactions-jump-63-on-cash-shortages-1.1898692)) since its introduction in October 2021. 

## More than 10 billion eNaira minted

According to Emefiele, the [CBDC](/news/article/central-bank-of-kazakhstan) has become the payment channel of choice for the execution of social interventions as well as financial inclusion. 

This is why the country's demonetization programme led to the minting of more than 10 billion eNaira while the circulating cash supply was reduced by 68.75% from 3.2 trillion nairas to 1 trillion nairas. 

## CBDCs continue to trend across the globe     
                      
As of 22 March, Nigeria joins China and the Bahamas as countries with real-world use cases of national digital currencies.

Other [sub-Saharan](https://www.imf.org/en/Blogs/Articles/2022/06/23/blog-africa-cbdc) countries like Ghana and South Africa are piloting an electronic version of their countries' fiat currencies, while Zambia, Namibia, Zimbabwe, Madagascar, Tanzania, Rwanda, Kenya, and Uganda are keenly embarking on research programmes.


Nigerian CBDC Naira in wallet in front of image of Nigeria

Nigeria CBDC Adoption Soars Amid Cash Shortage 

[Rocketpot](https://rocketpot.io/) is a licensed crypto casino that operates under the regulations of Curacao eGaming. It features a mobile and desktop-friendly platform for users to enjoy gambling activities.

The casino prioritizes the privacy and safety of its users. Players can use Bitcoin and other cryptocurrencies to play in the casino, ensuring safe and secure entertainment. Utilizing blockchain technology and Bitcoin, the casino provides advanced security methods and more opportunities for players to win jackpots and earn Bitcoin.

## Rocketpot - The online casino

Rocketpot casino is a leading provider of Bitcoin games, offering a vast selection of almost 3,000 slot games, more than 300 table games, and live casino games.

Players can win guaranteed prizes through a reward system as they explore the website and play more. On reaching level 500, players can even win more than 20 BTC and enjoy the best Bitcoin blackjack games, classic slots, and more.

With several slot games available, players can easily choose their favourites and start playing. The only main requirement for wagering is a cryptocurrency wallet followed by registration on the platform. 

The crypto casino offers several top-tier live dealer games, providing a unique and engaging gaming experience. With a commitment to dedicated customer support and accessible tools, RocketPot constantly updates its offerings to provide the best user experience. Players can even use different crypto coins to play their favourite games.

## User-friendly gaming experience 

Rocketpot casino provides a user-friendly interface, allowing players to enjoy a wide range of Bitcoin games. With a focus on responsible gambling, the casino offers games, such as jackpots, playable with various cryptocurrencies. Available on desktop, iOS, and Android devices, users can download the casino or play directly from their mobile browser, providing convenient access from any location.

The platform features a simple and easy-to-use UI, including two-factor authentication and multiple cryptocurrency options for in-game interactions and placing bets. With high-quality graphics, players can enhance their gameplay experience by accessing different functions and selecting fast-paced gaming options. Rocketpot casino is optimized for players seeking a seamless, enjoyable gaming experience.

## How to register with Rocketpot

Rocketpot casino offers a swift sign-up process for new users. Before registration, it's advisable to check the casino's wagering requirements and bonuses and be aware that the services may not be available in certain jurisdictions.

To sign up, visit the Rocketpot website and click the sign-up button. 

Customers can enjoy various games the casino offers after registering and depositing Bitcoins. The platform offers Bitcoin bonus rounds to players who deposit and play with Bitcoins through their accounts.

Compared to other crypto casinos, the registration process on Rocketpot is quick and doesn't require extensive verification procedures. It typically takes less than a minute to register and get started.

Users must provide basic personal information such as username and email address to complete the registration process. The e-casino ensures that every Bitcoin transaction is processed within 10 minutes so that users can start gambling without any delay.

## Payment method

Rocketpot offers a range of payment options to ensure inclusivity. As a cryptocurrency casino, it provides more extensive payment options for crypto users. However, fiat payment options are also available. The accepted cryptocurrencies are Bitcoin, Bitcoin Cash, Litecoin, [Ethereum](/news/article/ethereum-pow-price-prediction), Dogecoin, NEO, Tron, USD Coin, [Ripple](/news/article/sec-vs-ripple-news), Cardano, Binance Coin, and Tether USD.

For those without cryptocurrency, depositing on Rocketpot is simple. The third-party payment provider, UTORG, allows you to buy BTC, ETH, LTC, or TRON using USD. This fast and user-friendly process enables players to begin playing and potentially win quickly.

## Withdrawal method

The platform offers various withdrawal methods to its users. Players must click on the website's withdrawal tab to withdraw their cryptocurrency and select a coin. They should then enter their crypto wallet address and the desired withdrawal amount. A verification link is sent to the user, and upon clicking the link, the withdrawal is processed. Rocketpot applies a withdrawal fee deducted from the withdrawal amount. Players should ensure they check the withdrawal limits before initiating a withdrawal.

The processed withdrawal is sent to the user's wallet. The withdrawal fee for Bitcoin is 0.0006, with a minimum deposit fee of 0.001 BTC. Additionally, Rocketpot offers customers a daily 10% cashback reward for a certain period. For example, if a player loses $100, they will receive a return of 10% the following day.

## Casino game offerings

Rocketpot provides new users a demo mode to familiarize themselves with the various live games. Users can enjoy [Bitcoin](/news/article/bitcoin-bull-or-bubble-debate) slots and live dealer variants of table games, which offer a thrilling gaming experience with reduced wagering requirements. 

Below is the list of online casino games provided by Rocketpot:

### Slots

Players have access to a diverse array of slot machines. With more than 3,000 games available, 2,600 of them are dedicated to various types of slot games. The platform also offers crypto video slot machines, which can be conveniently accessed via the slot menu.

### Jackpot games 

The casino offers jackpot games that allow players to contribute a small portion of their wagers to a collective prize pool. Some popular jackpot games available include Mega Moolah Goddess, Cash Splash 5 Reel, and Major Millions. These games were developed by the renowned game developer MicroGaming and offer some of the biggest winning potential.

### Table games 

Rocketpot provides its users with an array of crypto table games, with separate tabs for roulette and blackjack games.

### Live casino

This platform offers a selection of high-quality live casino games powered by top software providers. It provides a wide range of games, with more than 700 options available through Evolution Gaming. Popular options include live blackjack, live roulette, live baccarat, and several live game shows, like Dream Catcher.

## Rocketpot Sports and esports betting 

### Sports betting

Sports enthusiasts can place their bets using Bitcoin or other preferred cryptocurrencies, which offers more advantages than other deposit methods in the casino. Transactions through these digital currencies are secure, fast, and safe, just like other top Bitcoin casinos, allowing users to deposit or withdraw funds within minutes. Users can head to the crypto sportsbook betting section to place a bet, deposit their preferred cryptocurrency with a few clicks, and start placing their wagers.

### Esports Bitcoin betting 

Rocketpot is a casino that allows users to place bets on its sportsbook if they excel in Rocket League, DOTA 2, FIFA, NBA 2K, or tennis. The casino also features esports Bitcoin betting, a wide variety of matches, and tournaments sure to pique users' interest.

### Bonuses and promotions

This online casino regularly introduces new promotions to keep long-term and new users engaged. Players can click on the bonus tab to learn about these offerings. For a limited time, the casino is providing a list of promotions, bonuses, and rewards that it currently offers. Below are the details of these limited-time offerings:

### BTC welcome bonus

This platform offers a BTC welcome bonus that doubles a user's first deposit. Additionally, players receive 10% cashback as bonus money and can earn other prizes upon starting their gameplay. The platform also provides instant withdrawals, allowing players to withdraw their winnings anytime.

### Super boosted monthly race

Each wager counts as one point on a leaderboard, with prizes paid out in Bitcoin. Additionally, users can receive 2,000 free spins.

Newcomers to Rocketpot can enjoy a range of bonuses, such as the Rocketpot casino gift card, welcome bonus, and deposit bonus. Adding an initial deposit can double their funds, allowing them to explore the various games offered on the platform. Additionally, players can benefit from 10% cash back on all their wagers.

Apart from these incentives, players can also receive a unique treasure chest with a guaranteed prize after clearing each level. In a nutshell, the platform offers an appealing gaming experience with numerous opportunities for users to win big.

### Affiliate program

Rocketpot offers an affiliate program enabling its users to invite their family and friends and earn up to 45% commission as an affiliate, making it the most lucrative compared to other cryptocurrency casinos. It supports 30 different types of cryptocurrency that offer minimal transaction fees and are user-friendly.

### Customer service

Customer service is a vital aspect of any casino, and Rocketpot casino prioritizes customer satisfaction by providing various contact options, including 24/7 live chat and email support. In addition, its mobile-friendly website ensures usability for a wider range of users, allowing them to enjoy the Rocketpot experience on almost any mobile device. The casino also offers language support for English, Spanish, Japanese, and German-speaking customers, with plans to add more options. The e-casino offers a hassle-free experience through live chat support, with friendly and informative representatives providing all the necessary answers.

## Is the platform safe?

Rocketpot is a legitimate online casino that provides an enjoyable gaming experience to its players. The casino has partnered with several well-known game providers in the iGaming industry, including Pragmatic Play, Evolution Gaming, Push Gaming, Microgaming, EvoPlay entertainment, and more. As of the writing time, there are zero complaints raised for the platform, adding to its credits of a legit e-casino. Its 2-factor authentication feature is ideal for keeping the user's information safe and secure. 

With more than 3,000 games available, players can use Bitcoin, Litecoin, Ethereum, Bitcoin Cash, or their preferred currency to bet and win. Therefore, Rocketpot is a top choice for anyone looking for a reliable and entertaining online casino.


Purple image of Rocketpot logo on purple background

Rocketpot Bitcoin Casino Review 

Bitsler is a gambling platform that offers casino, sports, and esports betting options. Established in November 2015, it is owned and operated by OYINE N.V. and registered in Curacao with license number 8048/JAZ. This multi-crypto casino platform aims to provide a simple and transparent online gambling experience.

It offers a wide selection of classic casino games from reputable providers such as Evolution, Big Time Gaming, Pragmatic Play, Playtech, and NetENT. In addition to its casino offerings, it has sports and esports betting options, allowing players to participate in various sports events worldwide.

The casino games available at Bitsler include live games, jackpot games, card and table games, and other provably fair games. This feature allows players to verify the fairness and randomness of the games. 

Bitsler is a [crypto-friendly](/news/article/crypto-friendly-banks-uk) platform that accepts payments in 20 different cryptocurrencies, including [Bitcoin](/news/article/bitcoin-fear-and-greed-index), Ethereum, Litecoin, Dogecoin, Bitcoin Cash, Stellar, and more.

## How to create a Bitsler account

Creating a Bitsler account is a straightforward process that can be completed quickly. To begin the process, players must visit the official website of [bitsler.com](https://www.bitsler.com/) and locate the green "register" tab in the top right corner of the landing page.

![bitsler.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/bitsler_3d8f87452c.png)
 
Upon clicking the "register" tab, players will be directed to a registration field that requires them to enter their email ID and date of birth. Alternatively, players can also register using their Google or Twitch accounts.

After entering the necessary information, players must click "Register" to proceed. A verification code is then sent to the provided email address. Players must enter the code to confirm their account.

The next step requires players to provide personal information, including their name, country of residence, gender, etc. While verification is not mandatory at Bitsler casino, the security team may require a full KYC process before customers can withdraw funds from their casino account.

## Payment methods

Bitsler is a casino that operates solely on cryptocurrencies, meaning it accepts deposits only in this form. There are no set minimum or maximum limits for depositing crypto coins, but gamers should take into account that there are minimum bets for each game and a minimum withdrawal amount.

Players may be eligible for instant deposit options depending on the cryptocurrency chosen. Usually, a deposit takes around 5 to 10 minutes to process, but this depends on the load on the blockchain.

The casino supports a range of cryptocurrencies for its users to make transactions. The list of supported cryptocurrencies includes Bitcoin (BTC), [Ethereum](/news/article/ethereum-shanghai-upgrade) (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin Cash SV (BSV), Ripple (XRP), Dogecoin (DOGE), Dash (DASH), ZCash (ZEC), Ethereum Classic (ETC), Neo (NEO), Bitcoin Gold (BTG), Stratis (STRAT), Komodo (KMD), Lisk (LSK), Digibyte (DGB), Quantum (QTUM), Waves (WAVES), Stellar (XLM), EOS (EOS), and TRON (TRX). This range of supported cryptocurrencies allows users to make transactions using the cryptocurrency they prefer.

## Customer service

Bitsler provides multiple ways for customers to access support. Customers can refer to the FAQ page for answers to common questions. Alternatively, they can utilize the live chat feature to speak with a live chat agent. Another option is to email support@bitsler.com, and the support team will aim to respond promptly. Lastly, customers can engage with the community chat by clicking on the blue chat box icon in the bottom right corner.

## Games 

Below is the wide range of games offered by Bitsler. 

### Slots

The platform provides a selection of more than 3,000 online slots that can be enjoyed with Bitcoin, Ethereum, and other cryptocurrencies accepted by the casino. The best crypto slots offer various giveaways and rewards from well-known game providers such as Pragmatic Play, Belatra, Mascot, Evolution Gaming, Evoplay Entertainment, and BGaming.

Players can easily sort the games alphabetically or in terms of popularity. Some of the favorite slots offered by Bitsler include Cara Y Cruz, Dream Catcher, Ice Mania, Money Train, Cash Patrol, Fruit Monaco, Mermaid's Baby, Elvis Frog In Vegas, Sweet Bonanza, Icy Fruits, Hot Sevens, and Big Bass Splash.

### Game shows

The casino offers 23 game shows provided by Playtech, Pragmatic, and Evolution. These shows feature various table games, including Lightning Roulette, Texas Casino Holdem, Deal Or No Deal, Lightning Dice, Quantum Roulette, and Live Spin A Win. Popular titles such as Crazy Time, Sweet Bonanza, Age Of The Gods, Dream Catcher, and Gonzo's Treasure Hunt are available. Many games feature live dealers on the screen, providing an authentic land-based casino experience.

### Table games

Bitsler, Playtech, and BGaming are the primary providers of 46 table games. These games include some of the most popular options such as Blackjack, Baccarat, Roulette, Video Poker, Jacks Or Better Poker, Three Card Poker, Buffalo Blitz, American Poker, Dice and Roll, Craps, Lightning Dice, Diamond Legend, Diamond Master, Joker Dice, Golden Joker Dice, 100 Spinning Dice, Keno, Darts, and several other crypto options.

### Provably fair games

Bitsler casino provides numerous provably fair games that utilize blockchain technology-based algorithms to ensure fairness, in contrast to the conventional RNG (random number generator) mechanism. Each game developed by Bitsler has its outcome verified for fairness. Some of the provably fair games offered by Bitsler include Keno, Twist, Plinko, Burn, Blast, Fruitsler, Roulette, Blackjack, Crypto Thugs, Flash Roulette, Baccarat, Hilo, Dice, Multicolour, and Dicey 7s. Playing these games allows players to avail themselves the daily promotions, win rewards, and instantly withdraw their winnings.

### Sports games

The Bitsler Sportsbook offers a platform for placing wagers on various sports events, ranging from soccer, beach volleyball, rugby, cricket, American football, athletics, Aussie rules, baseball, basketball, boxing, cycling, darts, e-soccer, Gaelic football, Gaelic hurling, golf, handball, ice hockey, MMA, rugby, tennis, and many more. It is possible to engage in sports betting at Bitsler in pre-match and in-play modes.

Each event has several betting options, competitive odds, visual representation, and statistics. Although live streaming is not currently available, it is expected to be introduced. The sportsbook section also offers a VIP Loyalty program, enabling users to rank up, earn chest rewards and rakeback, and be eligible to win prize pools of $35,000 per chest.

### Esports games 

Along with a wide range of sports betting options, the platform includes an impressive selection of esports promotions. The esports betting section offers a variety of popular games, such as Counter-Strike, Dota 2, Call Of Duty, League Of Legends, Starcraft II, Rainbow Six, Valourant, and Overwatch. In addition to these popular games, players can also enjoy placing bets on FIFA, NBA2K, Rocket League, and other games that are typically harder to find in esports betting markets.

One of the most impressive features of Bitsler casino is the ability to deposit Bitcoin and other cryptocurrencies, which allows for a seamless gaming experience in a crypto-friendly environment.

### Bonuses 

The casino provides its players with various bonuses and promotions. Players can find many types of bonuses, including casino promotions, sports promotions, and esports promotions. Additionally, the casino runs several contests and giveaways, enabling players to earn free money. 

### Registration bonus

New registrants are rewarded with a bonus amounting to 0.00000005 BTC upon sign-up. This may seem small, but it can be used to explore a range of provably fair games available on the platform.

### VIP program

Bitsler Casino has an excellent VIP program in which players can advance by wagering on various casino games. They can also win exciting chests and rakebacks with prizes worth $35,000. Players can gain XP by betting with any cryptocurrency of their choice on selected games and sports with odds greater than 1.4. different VIP levels, including bronze, silver, gold, platinum, and diamond, offering keys to open the chest. Rakeback percentages increase as players level up and can be claimed every two minutes.

### XP contests

Participants in the XP contest can earn XP and win promotion prizes by playing any eligible game with their preferred cryptocurrency. Depending on the contest, XP can be earned by placing a bet in specific currencies or games. The contest will determine the number of winners and the prize pool.

### Hourly Lottery

Bitsler Hourly Lottery promotion offers up to $100 lottery prizes for VIP players with Gold 5, Platinum, and Diamond VIP statuses. All they have to do is place a qualifying bet and submit the details of their bet to the Hourly Lottery. Players can only participate in eight of every 24 lotteries.

## Is the platform legit?

Bitsler casino is a popular online gambling platform that experts have extensively reviewed. One of the main concerns raised in such reviews is whether the website is legitimate. It is worth noting that Bitsler casino is a licensed and secure online casino that operates under the Curacao Government's jurisdiction. This makes it a legitimate platform to place bets and play casino games.

It is available in several countries worldwide, except for restricted regions such as the Netherlands, the US, Portugal, the UK, Sweden, Malta, and France. Apart from licensing, online [casino](/news/article/review-rollbit-exchange) operators employ various measures to ensure the platform is secure for their clients. For instance, Bitsler casino utilizes a standard two-factor authentication system to protect clients' data from unauthorized access. The 2-factor authentication feature can be activated from the account settings by manually putting a secret key or scanning the QR code.

The casino also uses advanced SSL encryption to safeguard clients' personal and financial information. This ensures that all data is encrypted and secure. Additionally, the platform promotes responsible gambling and uses provably fair games to ensure that game outcomes are random and fair.

Players who place bets and play games on Bitsler casino can rest assured that they will enjoy a seamless gambling experience. The website is secure and licensed and promotes responsible gambling, making it a trustworthy platform for online gambling.


bitsler casino logo on purple background image of hand holding globe

Bitsler Casino: Is the Gambling Legit?

Benjamin Roth, the Chief Investment Officer of [Auros](https://www.auros.global/), has revealed that the company has effectively resolved its liquidity problems arising from the bankruptcy of the crypto exchange FTX.

Following a significant debt restructuring, Auros was recently released from court-supervised provisional liquidation and obtained a fresh investment of $17 million.

Vivienne Court Trading, a traditional high-frequency trading firm, and Bit Digital (BTBT), a public bitcoin mining company, led this investment. Meanwhile, the [crypto trading](/news/article/how-does-crypto-trading-work) firm had to engage in months of behind-the-scenes efforts to keep its business afloat following the collapse of FTX, which caused significant losses for several trading firms in the crypto industry.

## Auros response to the liquidity crisis caused by FTX bankruptcy

The failure of [Sam Bankman-Fried's](/news/article/sam-bankman-fried-bail-co-signers-revealed) exchange to repay its customers caused concerns about a broader insolvency crisis in the cryptocurrency market.

As a result, lenders began recalling their outstanding loans to minimise possible losses. Auros, whose funds were mainly tied up in FTX, suddenly faced a liquidity crisis and could not repay its creditors. Rather than attempting to repay lenders, it filed for provisional liquidation with the British Virgin Islands (BVI) court to engage with its creditors.

With the BVI's assistance, the firm could restructure its outstanding debts, including converting open-term loans into termed loans with a maturity date. Auros also addressed its $18 million in [DeFi](/news/article/what-is-a-defi-token) loans by repaying 55% of its debt on the blockchain-based credit platform Maple and spreading the remainder across three-month and nine-month loans.

## Auros raises strategic funds to continue its operations

According to Roth, the company had plans to raise capital even before [FTX's collapse](/news/article/ftx-bankrupt-who-to-blame). However, the court's supervision made it more challenging to raise funds. In a statement, Marcel Klooss, co-founder of Vivienne Court, stated that the two companies have complementary skills and distinct characteristics that will create continuous synergies. The crypto firm, expanding its derivatives solutions business to offer yield and protection services to clients, will have [BitDigital](https://bit-digital.com/) as its second-largest investor and strategic partner.

The funding round also includes participation from Trovio, Primal Capital, Epoch Capital, and a group of senior and former traders from proprietary trading and market-making firm Optiver.

Marcel Klooss and Hughes Ching, co-founders of Vivienne Court and Bit Digital, respectively, will become members of the board of directors.


blue image of circuitboard with auros logo overlayed

Auros Resolves Liquidity With $17M Funding 