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Bitcoin knowledge, the biggest flex

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According to a new international research study conducted by Cash App parent company Block, Inc., the biggest reason consumers do not purchase Bitcoin (BTC) is a lack of information about it.

The poll, which took place in January and February and covered 14 countries, found that 51% of respondents stated the major reason they don’t buy bitcoin is that they “don’t know enough about it.” Other main causes include security and theft concerns (32%), as well as excessive price fluctuation (30 percent ).

The top reasons for not buying BTC, according to those who had at least a good level of understanding of cryptocurrencies, were price volatility (30 percent) and an uncertain regulatory environment (29 percent ).

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The survey was conducted before important market developments such as the recent dip in BTC’s price and the loss of TerraUSD’s peg. However, according to Block Economist Felipe Chacon, the biggest reason for people’s lack of interest in cryptocurrencies is still a lack of information. However, responses from individuals who are conversant with the technology may have changed.

The survey also discovered that a person’s degree of cryptocurrency knowledge — or at least how much they believe they know about cryptocurrencies — is the biggest predictor of whether they will buy BTC in the coming year. Fourteen percent of those with “fair to expert” crypto expertise said they were likely to buy bitcoin in the coming year, compared to 7.9% of those who don’t know anything about it or have very limited knowledge.

Study includes Bitcoin perceptions

Other topics included in the survey included bitcoin impressions based on income level, bitcoin optimism by country, and the gender difference in the crypto business. For example, although higher-income respondents stated investment-related reasons for purchasing BTC, lower-income respondents listed reasons such as using the cryptocurrency as a payment method and sending remittances more frequently.

Women across Europe, the Middle East, Africa (EMEA), and Asia-Pacific claimed expert levels of understanding at higher rates than men when it came to crypto, according to the study.

How to Play Craps at Crypto Casinos

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In most crypto casinos, craps is one of the most popular dice games. The more dice a craps game has, the more challenging and pleasant it is. 

Punters place wagers on the outcome of a die roll in this classic dice game. Also, this game offers a wider range of wagers than most other table games at crypto casinos.

Basic Rules of Craps at Crypto Casinos

To play online at crypto casinos, you must first understand that the game uses a regular pair of dice and that the number of players is unlimited. In the event that there are many “throwers,” the dealer rolls the dice, and the outcome is decided by chance. The dice are rolled by the player who begins the game.

The outcome of the dice roll depends heavily on the numbers that are rolled. Keep in mind that stakes at crypto casinos are often placed prior to the dice roll. Craps has a wide variety of wagers that you should be aware of before you begin playing. 

The only difference between regular and standard craps in crypto casinos is that you must place bets with cryptocurrencies at crypto casinos. Due to the fact that craps at crypto casinos is a round-based game, you have the option to place multiple stakes at once. The stakes are spread out across the table, with each section designated for a certain type of wager. 

A “shooter,” or “thrower,” is a player who rolls a die. The dice roll result determines whether or not you win or lose. In most games, a new shooter takes the field for each round. 

If the player’s first throw is a 7 or 11, the game is over. A “crap” occurs when two, three, or twelve dice are thrown; this results in a loss of the round. It’s still possible for the player to go on and win further rounds in the game.

Notably, both dice must be rolled by one hand, and the shooter must throw a dice as far as possible from opposing ends of the table. If you don’t, you’ll lose the round, and it won’t be counted.

Types of Craps Bets

In crypto casinos, craps provide a wide variety of wagering possibilities, which makes the experience more interesting. It’s important to be familiar with each one in order to place wagers with the most efficiency.

Pass Bet

The Pass Line bet is what you should wager if you are following the basic rules of craps. In this case, you’re wagering that the shooter will roll a 7 or an 11.

Come Bet

Following the establishment of the point, you can place a bet similar to the Pass. You win if the following bet is a 7 or 11. Your come-bet point is made by placing a wager on a different number, and if that number rolls before your opponent does, you take the prize.

Don’t Pass Bet

If you wager on Don’t Pass, you’re betting against the shooter making their point before evening-out or crapping out.

Don’t Come Bet

Your goal is to win money by betting that the shooter will miss or fail to score a point.

Place Bets

A Place bet can be made after the point has been set. It’s a wager on the outcome of the next roll of the dice before the shooter sevens out. For instance, if the point is 6, you can place a wager on any of the other possible point numbers: 4, 5, 8, 9, or 10.

Big 6 or Big 8

When the 6 is the bet, you’re wagering that a 6 will roll before a 7. After placing an eight on the table, you’re placing a wager that an 8 will roll before a 7. If you place this wager, you’ll get paid out at a rate of evens.

Important Tips for Bitcoin Craps

There is nothing complex about playing at crypto casinos for fun or staking real money to try your luck. You may improve your chances of winning at crypto casinos by utilizing a wide variety of ideas and techniques.

Be Familiar with Craps Strategies

To play craps at crypto casinos better, you require a little research and understanding of the game’s rules. Craps is a simple game to play at most crypto casinos online, but you should familiarize yourself with the most important tactics. 

Luck is a major factor in games, but a well-thought-out strategy can increase your chances of victory. Avoid tossing the dice at random and instead devise a plan that anticipates your next step.

Use Different Betting Options

In many crypto casinos, craps is a popular game because of its many betting options. Rather than relying on an assumption, it’s best if you know what each of the betting selections means. Try not to put all your money on just one bet. 

You should think about putting down a variety of wagers when staking at crypto casinos to spice things up. Making the most of the game’s potential can mean altering the rewards and winning odds. You may alter the game to your liking and influence other players as a result of your stakes.

Make Correct Bets

Craps is a game where your good fortune is everything. Since it is not a game of skill, it is impossible to alter the gameplay once the wager has been placed. Be careful not to risk more funds than you can afford to lose. 

Don’t wager unnecessarily large sums of money in your crypto wallets. For this, you need to figure out how much you’re willing to lose and stick to it.

The danger in it is that you may come to regret placing such a large wager and wind up losing your Bitcoins. It is essential to place appropriate stakes to take advantage of craps titles at crypto casinos.

Conclusion

Online crypto casinos currently provide a wide range of deposit and play options for mobile craps players. On the other hand, traditional payment methods may fall short in providing the advantages you need.

It goes without saying that gaming with cryptocurrency takes a minor adjustment. A cryptocurrency exchange is where you’ll acquire your digital currency and then deposit the funds into your crypto casinos’ account. You’ll have no problem playing at any crypto casinos after you’ve mastered this feature.

Gafisa, Brazil’s Real Estate Giant Embraces Bitcoin

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Brazil’s real estate stalwart Gafisa has added Bitcoin [BTC] for transactions through a partnership with cryptocurrency gateway provider Foxbit according to a press release. The latest addition is set to cut third-party entities out of the real estate transaction process, thereby reducing costs.

Partner firm Foxbit stated that Bitcoin would reduce the costs of transactions with quick and final settlements while eliminating the risk of fraud and also being a part of the “disruptive technology would open up whole new opportunities for future growth.

As known, Brazil has always been one of the leading countries for the adoption of bitcoin.

In 2022, Chainalysis reported that Brazil was the largest cryptocurrency market in Latin America based on transaction volume, receiving nearly $91 billion worth of cryptocurrencies in the year-long period between July 2020 and June 2021.

Not only does Brazil rank number six in on-chain value transacted in a report by Chainalysis, but Gafisa houses 1 out of every 130 Brazilians, according to its internal data, thus enabling millions of its citizens to have access to the world’s dominant coin.

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Gafisa, Brazil's Real Estate Giant Embraces Bitcoin 3

Guilherme Benevides, CEO of Gafisa stated,

“Bitcoin is the largest cryptocurrency in market value and, technologically, the most ballast currency in history. It is a currency that is growing in popularity every day, also expanding the possibilities of its use.”

Gafisa CEO says “Bitcoin follows a path of progression”

Benevides continued to explain that BTC follows a path of progression and with the explosion of the digital revolution globally, Gafisa feels digital payments will continue to garner an increasingly high level of presence in emerging economies.

There is a natural tendency to digitize payments,” Benevides explained. “If we stop to think that the Central Bank will launch the digital real in 2022, we can conclude that, in fact, digital is increasingly present in the world.”

Less than a month ago, the Brazilian Senate plenary approved a bill regulating crypto transactions, and then two weeks later the nation’s only stock exchange, B3, laid out plans to launch Bitcoin futures “in the next three to six months,” Chief Financial Officer André Milanez then said in an interview.

Crypto Lottery: Winner Takes All

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When it comes to gambling, there are a lot of different options to choose from. You can visit a physical casino, play games online, or try your luck at a lottery.  Each of these options has its own unique set of pros and cons, so it’s important to understand what each one entails before making a decision.

If you’re interested in playing games online, there are a few things you should keep in mind. First, make sure the site is reputable and has a good reputation. There are a lot of scams out there, so it’s important to do your research before depositing any money. Second, make sure you understand the rules of the game. There are a lot of different types of games available online, so it’s important to know what you’re getting into. Finally, be aware of the bonuses and other incentives offered by the site. Many sites offer sign-up bonuses, which can be a great way to boost your bankroll.

Finally, if you’re thinking about playing the lottery, there are a few things you should keep in mind. First, make sure you understand the odds of winning. The odds of winning the lottery are very slim, so it’s important to be realistic about your chances. Second, make sure you know how to play the game. Lotteries can be confusing, so it’s important to understand the rules before you buy a ticket. Finally, make sure you’re playing the right lottery. There are a lot of different lotteries out there, and not all of them offer good odds.

Some lotteries require that players make a minimum deposit in order to participate. Others may limit the number of free tickets that players can receive. It’s important to read the rules and regulations of each lottery before deciding whether or not to play.

Crypto Lotteries – Terms and Conditions

When you enter a crypto lottery you are agreeing to the terms and conditions set forth by the operators. These terms and conditions usually include things like eligibility requirements, how tickets can be purchased, how the winning numbers are chosen, and what happens if you win.

It’s important to read through the terms and conditions before entering any bitcoin lottery, as they can vary from lottery to lottery. If you have any questions about the terms and conditions, be sure to contact the operators before entering.

It’s also important to stay safe and secure while playing. Here are some tips to help you do just that:

1. Make sure the lottery is reputable. There are a lot of scams out there, so be sure to only play at reputable lotteries.

2. Use a strong password. This is important for any online service, but especially important when playing a bitcoin lottery.

3. Keep your computer protected. Make sure your computer has up-to-date security software and is protected from malware and other threats.

4. Don’t share your information with others. This includes your password, email address, and any other personal information.

5. Be careful when clicking links. Phishing scams are common, so be careful when clicking on links in emails or on websites. If something looks suspicious, don’t click it.

6. Stay up to date on the latest security news. By keeping up to date on the latest security news, you can stay informed about the latest threats and how to protect yourself.

Bitcoin Pizza Day! Two Pizzas Bought For 10K BTC On May 22, 2010

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It’s Pizza Time! Today marks the world’s first Bitcoin trade- 2 Large Papa John’s pizzas bought for 10,000 BTC, exactly 12 years ago. On May 22, 2010, a programmer named Laszlo Hanyecz from Florida, US never knew that his craving for pizza would go down in history.

What’s even more interesting is that he paid 10,000 BTC, which today is worth more than $80 million, for the two pizzas.

The road, however, wasn’t easy.

According to Bitcoin Magazine, Hanyecz had to wait for a while for his order. In fact, Hanyecz first posted on the Bitcoin.org forums on May 18, saying,

“I’ll pay 10,000 BTC for a couple of pizzas.. like maybe 2 large ones so I have some leftover for the next day. I like having leftover pizza to nibble on later … If you’re interested please let me know and we can work out a deal.”

A British man Jeremy Sturdivant a.k.a Jercos took up Hanyecz’s offer and bought the two pizzas for him in exchange for the 10,000 Bitcoins.

In 2018, Hanyecz again became the first person to buy a pizza over the Lightning Network, though he paid a mere 0.00649 BTC at the time.

Jercos ultimately sold his Bitcoins

As the Bitcoin Pizza Day holiday grew, Jeremy “Jercos” Sturdivant again grabbed the limelight. He’d give his only interview to a website called “Bitcoin Who’s Who” in 2015, five years after the historic trade.

At that time, Sturdivant had said, “a currency is meant to be spent,” noting that the 10,000 BTC he had received “made it back into the economy quickly” by the time they were worth about $400 in total.

“Naturally there will always be people hoarding coins, trying to get rich, and quite a few people did get quite rich, but they wouldn’t have got that way without economic growth allowing it,” he said, before adding that Bitcoin was meant to be more similar to a PayPal or Stripe.

Sturdivant also spewed some other notable details and said that the transaction was finalized over IRC chats. Jercos was 19 at the time of the transaction.

Bitcoin to shine bright like a diamond

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With the recent turmoil in the crypto-world, many believed that doomsday was near. However, many scholars feel otherwise about Bitcoin (BTC). Robert Kiyosaki, an investor, entrepreneur, and author of a number of blockbuster books on financial markets and financial literacy, including “Rich Dad, Poor Dad,” has responded to the current state of the crypto market on Twitter.

Kiyosaki stated on Twitter that he believes Bitcoin has a bright future. He is, however, expecting BTC to test a new low. According to Kiyosaki’s earlier tweets, he is prepared for the top cryptocurrency to drop as low as $20,000, $14,000, or even $9,000.

The ‘Rich Dad, Poor Dad’ author, has been very fond of investing in Bitcoin, gold, and silver. He seems to strongly believe that BTC will shine bright like a diamond in the near future, in the long run as he believes the Federal Reserve and US Treasury to be extremely corrupt organizations.

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Source: Twitter

Many people, including Kiyosaki, condemned the US government for unprecedented quantitative easing in 2020 when the Fed issued more than $6 trillion to assist the US economy to survive the pandemic.

He then sent out many tweets warning of an impending USD collapse and urging everyone to buy Bitcoin, silver, and gold.

On January 24, the author of “Rich Dad, Poor Dad” tweeted that if BTC fell below the $20,000 support level, he would buy more. He also claimed that he bought BTC at $9,000 and $6,000 when it was on sale.

Bitcoin doing well amidst crypto turmoil, a surprise to many

Peter Schiff, a prominent BTC critic, said yesterday that he was shocked to see BTC “holding up this well,” referring to the $30,000 level.

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Source: Twitter

Schiff, on the other hand, believes that this is nothing more than a bull trap designed to attract more investors. This is why he cautioned Bitcoiners against being too confident about BTC’s current price near $30,000.

The primary digital currency has recovered slightly above $30,000 so far. Schiff, on the other hand, feels that if it breaks considerably below this level, the bear wave would push it below $10,000.

Schiff tweets about the world’s largest cryptocurrency more than some popular BTC investors themselves, despite being one of the toughest Bitcoin skeptics. He was recognized as a Bitcoin influencer in late 2020 and made the top ten list. Unlike Schiff, who feels gold is vastly superior to BTC, his son Spencer is a BTC enthusiast. At the time of writing, BTC was trading at $30,424.73 with a hike of 3.22% over the last 24 hours.

Blockchain ain’t no gold chain

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Nobel Prize-winning economist Paul Krugman criticized organizations for leaping onto the blockchain hype, in a recent tweet.

People want to cash in on the new catchphrase by flacking “blockchain something.” “Blockchain vitamin supplements next?” a  Netizen joked. Other users mentioned “AI” and “cloud,” among other prominent buzzwords.

In 2017, during the height of the cryptocurrency mania, blockchain was the hottest new thing. Long Island Iced Tea Corp, a tea firm, famously changed its name to Long Blockchain, causing its stock to jump by more than 200 percent. Three people were convicted of insider trading in 2021 after buying the company’s stock before the branding.

Krugman has long been a sceptic of Bitcoin, writing an op-ed in the New York Times in 2011 titled “Golden Cyberfetters” in which he ridiculed the world’s first cryptocurrency.

The eminent American economist did not go ignoring the latest cryptocurrency market correction, which was precipitated by the demise of Terra.

Krugman claimed in a New York Times op-ed published earlier this week that the most recent bitcoin crisis is different, stating that cryptocurrency is essentially a gigantic bubble fueled by fear of missing out.

Blockchain critic takes a swipe at Bitcoin

Krugman cited “uncomfortable comparisons” between bitcoin and the subprime mortgage crisis in January.

Krugman argues that fiat currencies going “to hell” will result in a slew of additional political and societal issues that cryptocurrencies will not be able to solve.

However, proponents of cryptocurrency believe that Krugman’s views are overly narrow since he ignores recent technological advancements in the Bitcoin ecosystem.

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In a Bloomberg Wealth story, he mentions Hungarian-born billionaire Thomas Peterffy’s advice to save up to 3% of personal wealth in cryptocurrencies in case fiat money fails.

Peterffy believes that cryptocurrency prices could skyrocket to millions or plummet to zero, which is why his wager is modest. He said,

“

I think it can go to zero, and I think it can go to a million dollars.

Krugman stated in May that he had given up attempting to foresee Bitcoin’s rapid death, saying that its cult can “indefinitely” persist.

Crypto supporters, on the other hand, believe that, like in the past, the cryptocurrency business will be able to recover after a significant downturn.

El Salvador’s Biggest Bitcoin Purchase Is Worth $15M: Probably Nothing

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Taking advantage of the market-wide slump, El Salvador bought 500 BTC worth a staggering $15 million on 9 May 2022. The purchase is its biggest-ever in scale, taking the total reserves to 1,620 BTC, worth nearly $50 million.

On September 6th, 2021 President Bukele declared to the world that the nation purchased 200 BTC and said that “Our brokers will be buying a lot more,” becoming the first nation-state to put the asset on the balance sheet.

The next day, Bukele created history when he announced that Bitcoin would be recognized as legal tender. Following that, the price of BTC fell from $51k to $43k, where he once again bought the dip for another 150 BTC, bringing the total reserves to 550 BTC.

Through successive dip buys, the nation-state managed to acquire another 150 BTC equalling a reserve of 700 BTC.

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Then, on October 28th, 2021 President Bukele once again made public of buying an additional 420 BTC when the price dropped to $58.8k, down from its previous peak of $67k. This brought the total reserves to 1,120 BTC. 

That said, El Salvador’s crypto leanings were not well received by detractors of the asset class. Skeptics often bemoaned Bukele’s bitcoin experiment, calling it a gamble, or that his BTC plan will eventually lose its steam.

Is El Salvador Bitcoin Experiment Unfeasible?

Right from the start, the International Monetary Fund send out warnings that the move might spell disaster for the debt-ridden nation’s economy.

On top of that, Moody’s and Fitch have slashed the country’s credit rating far into junk territory, substantially driving up its borrowing costs.

However, the bitcoin experiment was well received by the cryptocurrency community, especially when Bukele unveiled plans for a “Bitcoin City” on the slope of a volcano that would include a geothermally powered bitcoin mining rig in an all-crypto economy.

It was initially planned to be financed by a $1 billion bitcoin-backed bond that was to be used 50/50 to build the mining facilities and buy more bitcoins.

Unfortunately, the much-anticipated plan got stalled, and most recently El Salvador’s Finance Minister Alejandro Zelaya said it would be postponed indefinitely due to the uncertain economic conditions.

Despite the setback, Bukele refused to bow down and seems unlikely that he’ll back down without a fight.

Cryptocurrency to save retirement plans? Here’s what Alabama senator has to say

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According to a piece released by Alabama Senator Tommy Tuberville earlier today, the Republican politician supports allowing Americans to use cryptocurrency in their retirement funds. He has also presented the Financial Freedom Act, which would ban the US Department of Labor from restricting retirement plan investment options.

The US Department of Labor issued regulatory recommendations on March 10 in an attempt to prohibit cryptocurrency investments in 401(k) accounts, singling out this specific investment type. Tuberville believes that the Labor Department’s guidelines threaten to examine plans that allow participants to choose cryptocurrency investments, including brokerage windows, a mechanism that allows 401(k) plan participants to self-select their investments. He further added,

“The federal government has no business interfering with the ability of American workers to invest their 401(k) plan savings as they see fit.”

It stands true that this policy shift contradicts long-standing practices. Employers have long been allowed by the Labor Department to provide brokerage windows to employees who choose to manage the money they worked so hard to earn. The new advice from the agency puts a stop to the agency’s long heritage of economic empowerment in favor of big-brother government control.

Furthermore, the Labor Department’s overreaching guideline aims to impose a significant additional regulatory burden on 401(k) plan fiduciaries by requiring them to review the suitability of assets offered through a brokerage window and to limit investment possibilities. If a company or financial firm permits their 401(k) investors to invest in Bitcoin, they will now be subject to harsh punitive measures.

Will this new policy backfire on Fidelity’s cryptocurrency plan?

Fidelity Investments has announced that employers will be able to add Bitcoin to their 401(k) plans. Workers will be able to invest up to 20% of their assets in Bitcoin, potentially boosting Bitcoin adoption.

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The initiative drew the attention of the Labor Department. Fidelity’s offering has caused the federal agency “great concern.” It issued recommendations advising businesses to avoid exposing employees to cryptocurrencies, citing investor protection as one of the major concerns.

Fidelity has criticized the guidance, calling it “constructive.” The Labor Department, on the other hand, has no intention of changing its stance. It should be emphasized, however, that the guidance does not ban Fidelity from offering Bitcoin retirement plans.

Luna foundation guard pulls ahead in Bitcoin backing for UST

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The Luna Foundation Guard (LFG), a non-profit dedicated to the Terra environment, said on Thursday that it has purchased $1.5 billion in bitcoin (BTC) for its stablecoin reserves.

LFG announced that it had purchased 37,863 bitcoins ($1.5 billion) through over-the-counter swaps with Genesis Trading and Three Arrows Capital. One billion dollars came from an OTC swap with Genesis, while the remaining $500 million came from Three Arrows Capital.

With Thursday’s statement, Luna Foundation Guard’s bitcoin reserves have increased to $3.5 billion, putting it 30 percent closer to its declared objective of $10 billion. According to statistics from BitInfoChart’s “Bitcoin Rich List,” LFG’s wallet became the seventh-largest single BTC holder as a result of the acquisition.

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The LFG is acquiring bitcoin as part of its efforts to build up reserves for the TerraUSD (UST) stablecoin. Do Kwon, the CEO of Terraform Labs, has donated cash to help the charity complete its bulk BTC acquisitions.

Luna Foundation Guard’s investment in AVAX tokens

The LFG had also purchased $100 million in avalanche (AVAX) tokens for its stablecoin reserves, in addition to bitcoin. LFG had purchased $231 million in bitcoin the day before to increase its UST reserves, but this appears to be the first time the company has purchased another cryptocurrency. LFG is currently a substantial market buyer of AVAX, despite its market share being significantly lower than bitcoin’s.

LGF took to Twitter to say,

“Welcoming $AVAX as the second major layer one crypto asset next to $BTC as part of the $UST Reserve. The inclusion of @avalancheavax’s native token marks the start of a diverse pool of layer one crypto assets helping support the $UST peg.”

Stablecoins are digital currencies whose market value is tied to a more stable asset. The Luna Foundation Guard is getting closer to its goal of amassing $10 billion in bitcoin to support the United States Terra stablecoin, or UST.

The LFG’s move is part of a growing trend of algorithmic stablecoins collecting crypto assets as collateral. The USDD stablecoin from Tron is also due to launch, with plans for a $10 billion collateral reserve.