The future of gambling? Hamster-powered marble races come to Ethereum

The future of gambling? Hamster-powered marble races come to Ethereum

After just over two years of development, on Sunday a new form of gambling will be released to the Ethereum world on mainnet: hamster-powered marble races. 

Powered by Mia, a female djungarian or “ winter white dwarf” hamster and her trusty hamster wheel, the project, dubbed “Mia & the Marbles,” is an automated marble-racing and gambling platform from a group of independent developers. 

While the concept behind the project may seem… whimsical, in an interview with Cointelegraph the development team for ‘M&M’ revealed how carefully the racing platform has been thought out.

“We guarantee races that are provably fair, provably live and easily-verifiable,” the devs said. “We can guarantee that the races are taking place in real-time and are not pre-recorded. We do this with our provably live video stream that shows the first 8 bits of the current Ethereum blockhash physically on the race track with 8 movable pegs. A high peg stands for a 1, a low peg for a 0.”

The team says that there is also a refund function in place for races that don’t deliver a valid outcome after two days.

While Mia & the Marbles may strike some as a thought experiment or hackathon moonshot come to life, the developers say M&M is inspired by a passion for provably fair gamlbing. 

“We always loved the idea of blockchain gambling projects. But unfortunately, scams are not uncommon in the low-regulated crypto space,” the team said. “So we were brainstorming ideas with the goal to make the provable fairness component easy to understand for anyone, while also being fun at the same time!”

As a coworker, the developers report that Mia is stellar. There was a rough patch in the beginning — when she was a pup, Mia enjoyed nibbling on devs’ fingers — but these days she’s always ready to produce. While many protocols governed by DAOs need to worry about incentive structures and the possibility that another protocol might poach their talent via merger, Mia happily runs in her wheel up to 8 kilometers per day.

“Hamsters are very active naturally and cover wide distances at night to gather food,” the dev team explained.

In the future, there will be more well-developed tracks and possible “championship” brackets for the marbles, and the developers ultimately intend to keep building towards fun, fair games on Ethereum.

“We strongly believe that adding real-world randomness into crypto gambling solutions can dramatically increase the trust that players have into these products. We want to contribute to a fair world.“

Source: www.bit-cointalk.com


Canadian Public Company Dumps Ethereum and Monero for Bitcoin

Canadian Public Company Dumps Ethereum and Monero for Bitcoin

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament.

Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million USD in bitcoin. Cypherpunk Holdings added that this is a net increase since June 30 of 72.979 bitcoins, elaborating:

The increase in bitcoin holdings is a result of the full liquidation of positions in monero (XMR) and ethereum (ETH), as well as the partial use of proceeds from a private placement of $505,000 CAD that closed on August 27th, 2020.

Founded in 1995, Cypherpunk Holdings was formerly known as Khan Resources Inc. but the company changed its name in November 2018. Cypherpunk invests in cryptocurrencies and privacy technologies and is listed on the CSE under the ticker HODL. CEO Antanas Guoga, or Tony G, is a well known high stakes poker player and former member of the European Parliament. He founded the Blockchain Centre in Vilnius, Lithuania, in 2018.

Cypherpunk Holdings joins a growing list of major companies with a treasury position in bitcoin such as the Nasdaq-listed Microstrategy and Jack Dorsey’s Square Inc.

What do you think about this Canadian public company dumping ether and monero for bitcoin? Let us know in the comments section below.

The post Canadian Public Company Dumps Ethereum and Monero for Bitcoin appeared first on Bitcoin News.

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Source: www.clublaura.com


Ethereum Gains Bullish Momentum, Why ETH Could Retest $620

Ethereum Gains Bullish Momentum, Why ETH Could Retest $620

Ethereum Gains Bullish Momentum, Why ETH Could Retest $620

Ethereum gained bullish momentum and broke the $550 resistance against the US Dollar. ETH price is up over 8% and it seems like the bulls are aiming $600 or $620.

  • Ethereum started a fresh increase after it broke the $530 resistance level.
  • The price surpassed a major hurdle at $550 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is trading in a positive zone and it could higher towards $600 or $620.
  • In the weekly analysis, we discussed the importance of the $550 resistance for Ethereum. ETH price started following a steady bullish path, and surpassed many hurdles near the $540 and $550 levels.

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    Bitcoin price also gained traction above $18,200, helping ether to clear the $550 resistance. There was also a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD. There was also a break above the 50% Fib retracement level of the key decline from the $623 swing high to $478 low.

    Ethereum Price

    Source: ETHUSD on TradingView.com

    The pair settled nicely above the $565 level and the 100 hourly simple moving average. Ether tested the $590 resistance level. It seems like the bears are protecting the 76.4% Fib retracement level of the key decline from the $623 swing high to $478 low.

    A clear break above the $590 level could open the doors for more gains above $600. In the stated case, the price is likely to revisit the $620 resistance or the $623 swing high in the near term. Any further gains may possibly push the price towards the $650 level.

    If ethereum fails to clear the $590 resistance level, there could be a minor downside correction. An initial support is near the $580 level (a multi-touch zone).

    A downside break below the $580 level might call for an extended decline. The next major support is near the $560 and $550 levels, followed by the key 100 hourly simple moving average. Any further losses could lead ether towards the $530 support level.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

    Hourly RSI – The RSI for ETH/USD is currently well above the 50 level.

    Major Support Level – $550

    Major Resistance Level – $590

    Source: inula.org

    Author: About The Author

    admin


    TA: Ethereum Gains Bullish Momentum, Why ETH Could Retest $620

    TA: Ethereum Gains Bullish Momentum, Why ETH Could Retest $620

    Ethereum gained bullish momentum and broke the $550 resistance against the US Dollar. ETH price is up over 8% and it seems like the bulls are aiming $600 or $620.

  • Ethereum started a fresh increase after it broke the $530 resistance level.
  • The price surpassed a major hurdle at $550 and the 100 hourly simple moving average.
  • There was a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is trading in a positive zone and it could higher towards $600 or $620.
  • In the weekly analysis, we discussed the importance of the $550 resistance for Ethereum. ETH price started following a steady bullish path, and surpassed many hurdles near the $540 and $550 levels.

    Bitcoin price also gained traction above $18,200, helping ether to clear the $550 resistance. There was also a break above a key bearish trend line with resistance near $540 on the hourly chart of ETH/USD. There was also a break above the 50% Fib retracement level of the key decline from the $623 swing high to $478 low.

    Ethereum Price

    Source: ETHUSD on TradingView.com

    The pair settled nicely above the $565 level and the 100 hourly simple moving average. Ether tested the $590 resistance level. It seems like the bears are protecting the 76.4% Fib retracement level of the key decline from the $623 swing high to $478 low.

    A clear break above the $590 level could open the doors for more gains above $600. In the stated case, the price is likely to revisit the $620 resistance or the $623 swing high in the near term. Any further gains may possibly push the price towards the $650 level.

    If ethereum fails to clear the $590 resistance level, there could be a minor downside correction. An initial support is near the $580 level (a multi-touch zone).

    A downside break below the $580 level might call for an extended decline. The next major support is near the $560 and $550 levels, followed by the key 100 hourly simple moving average. Any further losses could lead ether towards the $530 support level.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

    Hourly RSI – The RSI for ETH/USD is currently well above the 50 level.

    Major Support Level – $550

    Major Resistance Level – $590

    Source link

    After a week of gloomy headlines and a brutal price dip, traders would do well …

    Source: icryptodesk.com

    Author: admin


    The future of gambling? Hamster-powered marble races come to Ethereum


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