Cryptocurrency exploded into mainstream awareness in 2017, thanks to the record-setting achievements of Bitcoin. This launched crypto from a fringe interest into something that was on everyone’s lips. The ensuing coverage made more people than ever aware of crypto’s relentless rise.
While the Bitcoin wave may have crested, the impact it left on crypto is undeniable. The rash of crypto excitement brought new investors and new businesses into the crypto sphere. Crypto may have gone out of the major headlines since then, but its infiltration into everyday life has continued unabated.
The State of Play
Which is all a roundabout way of saying that crypto has hit its watershed moment? The number of crypto exchanges has continued to rise, while giants like Coinbase have established firm claims on a large market share. But even these big names still face stiff competition from both up-and-comers and those exchanges which are in the midst of some serious reinvention.
That presents the average crypto investor with a new problem. How do you know which of these exchanges will beat out the competition? Despite the vast array of choice, it can be more intimidating to enter the crypto game now than ever before. Investors need to be in the know if they want to find opportunities for big returns.
Let’s take a look at some cryptocurrency exchanges you need to keep an eye on.
Perhaps not really a competitor, Binance DEX is a decentralized exchange with a focus on giving control and responsibility for assets back to its users. In February, it launched its testnet to a positive reaction and has since been on a heavy push to get users onto the testnet, with the aim of gathering feedback for the launch of its mainnet at a later date.
The Binance DEX has been criticized for not being truly decentralized. The Binance Chain, according to Binance, will have 1-second block times. While this seems ‘cool’ from both a product and user-friendliness perspectives, it means there’s a tradeoff to take in consideration – decentralization. Therefore, it seems as if Binance Chain is aspiring to be more like Ripple Labs’ XRP, instead of Bitcoin.
However, all things considered, Binance has the largest user-base in the crypto space and many fans. Having a big player like Binance launch a DEX, even when it is mostly a buzzword, is something worth keeping an eye on.
Not all of the exchanges to watch have an established reputation. CODEX appeared in November 2018, so it’s still an underdog in the exchange market.
CODEX has made security a part of its ethos. The exchange uses EdDSA as a digital signature scheme, which allows it to store the public key only, keeping API secrets safe. That makes CODEX about as secure as crypto can get, particularly when combined with its 2FA, login alerts, active session tracking, and a comprehensive multi-stage security audit. CODEX is also a fully EU-licensed exchange, regulated by the Estonian Registry of Economic Activities.
The exchange has also made it part of its mission to give back to the community. With the aid of its parent company, AtticLab, CODEX has launched the EOS CPU Aid Campaign to great success.
At the moment, transaction volume is still low. But CODEX is expanding aggressively, with its security and compliance features both attracting a growing crowd of experienced and novice traders.
CDX is the native token of CODEX -and for traders, it offers attractive discounts on trading fees and earnings boosters for trade mining participants. Unlike many new tokens, CDX didn’t raise on an ICO. CDX tokens derive from trade mining and are earned from trade operations on the platform.
The appeal of CODEX lies as much in its ethos as in its specifications. The refreshing new spirit it brings to the field could help to build a solid core of followers looking for a breath of fresh air.
DX.Exchange is another exciting new exchange that provides traders a highly-regulated and compliant trading alternative.
This burgeoning exchange uses the world-famous NASDAQ’s matching engine technology to facilitate peer-to-peer [P2P] trading. The exchange provides both institutional and retail traders with a regulated platform to exchange digital assets. DX.Exchange is one of the only cryptocurrency exchanges that charge a membership fee. This upfront fee allows traders to exchange up to $50,000 in cryptocurrency each month, without incurring additional transaction fees. For those who wish to trade more than $50,000 monthly, the exchange charges a nominal fee, that gradually declines with greater trading volume.
But DX.Exchange is really worth keeping an eye on for other reasons as well, mainly because it allows trading not only of Bitcoin and other cryptocurrencies. It has recently begun to offer trading in tokenized stocks like Tesla and Amazon, tokenized ETFs like S&Ps’ SPY and Nasdaq-mirrored QQQ, and has become the first exchange to allow security token offerings and listings at the same platform.
Poloniex offers one of the most interesting stories in crypto. As one of the oldest exchanges out there, Poloniex got its foot in the door early. But stiff rivalry from its rising competition left it in the doldrums for a while.
Poloniex experienced a second wind after its purchase by crypto company Circle, which has managed to turn Poloniex’s fortunes around. This has included a hiring drive focused on service and customer support, to bring the exchange up to date and resolve a vast backlog of complaints.
That hard work and rigorous planning from Circle have paid off. The wilderness years of Poloniex seem to be behind it. Circle can now capitalize on the pre-established brand of Poloniex to continue building its future.
Poloniex has gone from strength to strength since the change in ownership and has climbed its way back into the top 20 list of crypto exchanges. Along the way, it has launched a new app, bolstered its asset infrastructure, and delisted assets that don’t meet it’s quality and compliance standards.
It’s clear that Circle knows what they’re doing with Poloniex. And with the actions it has taken, Circle has also justified the $400 million acquisition price. With Circle’s resources dedicated to its future, Poloniex may reclaim its place in the exchange market.
Uniswap is a decentralized exchange built on the Ethereum blockchain. Using a series of two smart contracts, the exchange allows for the seamless transfer of ERC-20 standard tokens.
With a focus on P2P trading, this non-profit exchange was designed to help boost the liquidity of ERC-20 tokens. A 0.3% transaction fee is levied on each transaction, with the proceeds going into a “liquidity” pool to ensure the liquidity of ERC-20 tokens remains bountiful.
Uniswap’s unique exchange technology also mitigates the risk of altcoin price manipulation. With its open-source framework and transparent pricing model, it’s easy to see why the exchange is quickly gaining popularity.
The Fight is On
Savvy investors and traders have a wide range of options available. But if we’ve shown one thing here, it’s that big names like Poloniex and Binance aren’t the only games in town. Up-and-comers like CODEX, Uniswap, and DX.Exchange can shake the game up as easily as their bigger brothers. Investors need to keep their ear to the ground to make sure they’re using the right exchange that properly fits their unique trading needs.
Legislation of Casinos: Places that are taking steps towards complete Legalization of Gambling in 2019
More and more people are seeing any form of gambling as morally acceptable. In a 2009 poll by The Gallup, only 58% of people in the US seem to accept this industry. With an update for 2018, the percentage has raised to 69%.
There could be multiple reasons why people still have different opinions about gambling, whether it’s through the form of playing a casino game online or in any establishment or betting on any sports and games. Opinions could be formed because of a person’s religion, income, and race, and educational attainment.
The legalization of gambling could also affect how people see it. With more and more places all over the world taking steps to legalize any form of gambling in their area, people are becoming more accepting of this industry. In here are some note-worthy updates about the legislation on gambling all over the world.
Regulation of Online Gambling in Ontario, Canada
Any form of gambling was made illegal in Canada half a century ago and it was in 1969 when the provincial and federal government of the country were allowed to host lotteries. Then in 1985, each province was then allowed to legalize any form of gambling that they choose.
With all of those updates on Canadian law regarding gambling, there wasn’t really anything that targets online gambling until recently, when a press release from the Canadian Gambling Association [CGA] was spread.
With this, online gambling laws in Canada seem to be taking its shaped. CGA has noticed how much Canadians, particularly in Ontario, has been wagering on online gambling websites outside the country. More than $500 million are spent by the people of Ontario in gambling each year.
Because of this, CGA and the local government see the need to have their country put in place an online regulated system to allow their citizens to place wagers on any gambling sites safer. For now, the CGA is looking forward to taking part in the government’s planned dialogues with this industry’s stakeholders.
Pennsylvania’s Online Gambling Launch
Pennsylvania will be the fourth state in the US to launch and legalize online casinos. It was previously announced that PA online casino and poker servers should be up in at least the first quarter of 2019.
However, because of the recent DOJ interpretation of the Wire Act of 1961, the PA’s Gaming Control Board decided to delay the launch for a bit.
It is expected that most online casinos in PA will then be launched in mid-2019, where the earliest target date is in mid-June. This was as instructed by the PA’s Gaming Control Board, and they expect online casinos to comply.
For now, if you’re in PA but can’t wait to play online casino games, you can check the top betting sites online. There are some casino sites that can give you insights about the best casinos you can find on the web. This site will also let you know whether an online casino will accept bettors from your place.
Remote Gambling Bill in the Netherlands
Like a lot of European countries, the Netherlands is deemed lax when it comes to their laws about gambling in any form. However, before 2012, when it comes to online gambling, the Dutch community seems to be restricted about playing casinos online.
Back then, the Dutch people are allowed to place their bets online, but this was only through local servers, which at that time was limited. However, even if more and more websites are starting to get based in the Netherlands, there are still Dutch people who’re place their bets on foreign casino websites that go unnoticed.
Because of this, a bill was submitted to allow Netherland’s government to issue licenses to foreign websites and let them legally accept wagers from the Dutch citizens.
On the 19th of February, the Netherland’s senate placed votes on the Remote Gambling Bill, which already passed the Ditch parliament three years ago. The result was much anticipated and is now good news to foreign online casinos.
Sometime next year, the Dutch government will start to issue online gambling licenses to foreign casino websites and end the monopoly of online gambling in the country. Analysts shared that the process of issuing online gambling licenses might start in January 2021.
Next year may only be the start of application requests from foreign and local stakeholders. The only problem that some foreign casinos that may have to face are the “cooling period”. This is a proposal by the Dutch Minister of Legal Protection that would not allow operators who have been accepting bets from the Dutch citizens prior to the legalization for two years.
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