mBit Casino Bitcoin Sportsbook Comes to Life With Football, eSports and More

Bitcoin Magazine
mBit Casino Bitcoin Sportsbook Comes to Life With Football, eSports and More
sportsbook_screenshot

Bitcoin Press Release: mBit Casino proudly announces the launch of its new sportsbook designed to fulfill the platform’s goal of becoming the most well rounded Bitcoin Casino in the world.

Arriving just on time for the 2015 English Premier League season, the new sportsbook comes fully loaded with every major sport including baseball, basketball, American football, combat sports, eSports and everything in between. Already solidified with an unrivaled reputation the sportsbook represents a milestone of achievement for the online Bitcoin casino. Bettors can visit the sportsbook by going to http://www.mbitcasino.com/sportsbook.

To celebrate the launch of the new sportsbook, mBit Casino is having a contest where anyone can qualify for his or her share of 5 Bitcoins ($1425). New and existing player alike are welcome in this promotion. All players have to do is guess the final score of the Premier League match Manchester United vs Tottenham Hotspur taking place on day 1. Game predictions can be submitted tohttp://blog.mbitcasino.com/win-your-share-5-btc/.

Advantages of the mBit Casino sportsbook over conventional platforms include the speed at which withdrawals are processed in comparison to traditional operators and not having to pay fees on funds moving in and out.

Benefitting players with instant deposits, fast withdrawals and full mobile functionality Bitcoin bettors are now being given the opportunity to place bets with ease. The sportsbook will support live in-play betting which is a sought after feature in the sportsbook market as a whole. Already offering the biggest deposit bonuses in the industry, the mBit Casino sportsbook adds another layer of quality to the platform by offering more value and depth in the sportsbook market than anywhere else.

Providing players with competitive odds is guaranteed to attract the sports enthusiasts from around the Bitcoin community by paving a golden brick road for bitcoin bettors to start their journey.

About mBit Casino

Currently providing the market with an industry leading first deposit bonus of 110% with live dealers, 3D video slots and poker, mBit Casino is one of the leading online Bitcoin casinos in the world. Focusing on instant deposits, withdrawals, premium game selection and mobile functionality mBit has quickly risen to become a powerhouse in the online gaming market. They are also the world record holder for the largest cash out by any Bitcoin casino gamer of all time with user “cowgame” walking away with nearly $70,000 USD. More information on mBit Casino can be found atwww.mbitcasino.com

Media Contact:

Name: Linda Murphy

Email: linda@mbitcasino.com

City and Country Location: Willemstad, Curaçao

 

This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by mBit Casino.

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Another Bitcoin Startup Leaves NY Due to BitLicense
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Poloniex, a U.S.-based cryptocurrency exchange, has left New York due to the restrictions and limitations of the state’s BitLicense.

Including Poloniex, three bitcoin startups have shut down their operations in New York during the past few months and declined to comply with BitLicense, a set of rules that restricts operations of Bitcoin exchanges and demands startups to pay fees to operate legally.

Size

For a relatively small exchange or startup like Poloniex, BitLicense’s requirement for Bitcoin startups to pay a $5,000 non-refundable application fee to operate and continue their services in New York is not an easy demand to satisfy.

“There are always pros and cons to regulations like BitLicense, but from a small business perspective, BitLicense is both limiting and frustrating,” Poloniex founder Tristan D’Agosta told Bitcoin Magazine. “For a small business like ours, a $5,000 non-refundable application fee is a nonstarter. Consider what would happen if every state in the union followed suit – it would cost $250,000 just to apply for licenses in all 50 states.”

Furthermore, the current “version” of BitLicense requires Bitcoin startups and exchanges to meet a long list of qualifications before they can be licensed to operate legally. For most small exchanges and startups, it is extremely difficult to meet all the requirements and comply with the set of regulations detailed in BitLicense.

“In the case of BitLicense, once you pay the application fee, you’re then facing a long list of requirements that would disqualify most small businesses,” D’Agosta said. “As a result, we find ourselves in No Man’s Land, where we very much want to service our New York customers, but we are not big enough to qualify for a BitLicense.”

Coin Center Executive Director Jerry Brito told Bitcoin Magazine that Poloniex’s decision to shut down in New York is one he expects to see repeated in the industry. “It’s no surprise that small companies are ceasing operations because they can’t afford to go through the licensing process. A clear, certain, and graduated on-ramp for startups could have prevented this, but the final BitLicense only has a discretionary transitional license which is probably too uncertain for startups and investors to plan around.”

Impact on Users

While the number of Poloniex users in New York isn’t as high as other states, “given that we are a relatively small exchange that prides itself in the relationships we build with our community of users, the impact on us is big and noticeable,” said D’Agosta.

Validity

The BitLicense drafted by The New York Department of Financial Services requires exchanges to “protect” customers by recording sensitive user data and provide the information to law enforcement when demanded. Ironically, ShapeShift founder Eric Voorhees stated that such “protection” leaves any bitcoin or cryptocurrency exchanges vulnerable to data breaches and hacking attacks, which may leak sensitive customer data.

“We understand, and to a degree, empathize with state regulators who are tasked with writing and enacting laws to protect their constituents. But more often, we hear the voices of those who believe that state regulations have very little to do with protecting people and see the impending Bitcoin regulations only as a means to control and reap profits for their respective states. As with the birth of most regulations, the truth is probably somewhere in the middle. If we had the regulators’ ear on the topic, we would want to get across the point that much like any industry, cryptocurrency has businesses of all shapes and sizes as well. BitLicense was not written with small businesses in mind,” said D’Agosta.

 

This article has been updated to provide a full quote by Tristan D’Agosta in its proper context. Bitcoin Magazine apologizes for the error and omission. 

 

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Bitcoin Blockchain Provider HashingSpace Secures Services from an Industry Leading Contracting Firm to Build Fortress One Data Center
HashingSpace-Screenshot

Bitcoin Press Release: US based HashingSpace Corporation (OTCQB: HSHS) announced today that it has secured the services C. Rallo Contracting Company to build a state of the art data center. HashingSpace’s mission is to build out key infrastructure for the global adoption of Bitcoin and Blockchain services with hosted ASIC mining.

WENATCHEE, WA / August 6, 2015 / HashingSpace Corporation (OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has reached an agreement with C. Rallo Contracting Company, Inc. to build the HashingSpace Fortress One data center.

C. Rallo Contracting Co. Inc. is an industry leading construction firm located in St. Louis, Missouri. This family owned business celebrates a 100 year history of successful and diverse construction projects throughout the United States. Some of the projects that C. Rallo have been responsible for include such diverse areas as aviation, healthcare, sports facilities, casinos, government and education.

“The construction of the HashingSpace data center, Fortress One, has to be managed and completed by a company I have confidence in,” stated Timothy Roberts, CEO of HashingSpace Corporation. “C. Rallo fits our criteria of a company that has data center construction experience, and the impeccable reputation in managing a large and complicated building project. I’ve hired this firm in the past to build data centers. They are efficient in their construction and are professional in managing every aspect of a large construction project. Our shareholders and customers can feel confident knowing we have retained a leading construction company in C. Rallo.”

Charles A. Rallo, CEO shared,

“We have worked with Mr. Roberts for the past 20 years and had the pleasure of building 4 enterprise class data centers for a previous company. That project was on the cutting edge of technology and ended up shaping the enterprise data center market.”

To take a tour of the proposed Fortress One Data Center, please click on the youtube HashingSpace channel link.

HashingSpace Corporation’s business will provide a wide range of services to include:

· HASHHOSTING   Servers fully managed and specifically set-up for ASIC MINING
· CLOUDHASH       Cloud mining servers that can be rented with full hashing power
· HASHMINING      Our own Mining Farm
· HASHATM            Owner and operator of Bitcoin ATM machines
· HASHWALLET      Bitcoin consumer wallet for bitcoin banking and transactions
· HASHPOOL          Public Stratum and P2Pool (Web/IOS/Droid)
· HASHTICKER        Free Ticker for tracking Bitcoin Value (Screen Saver/Web/IOS/Droid)
· HASHVAR             A wholesaler of Bitcoin servers and Bitcoin ATM machines

All company information, including stock trading, filings, and market data related to the company, is reported under the ticker symbol, HSHS.

About HashingSpace Corporation

HashingSpace Corporation is a Bitcoin ASIC mining company, hosting provider, and service provider of blockchain transactional services. HashingSpace’s high density datacenters are designed to meet the demanding power and cooling needs of client hosted Bitcoin mining gear with unparalleled pricing, cooling and green energy. The Corporation is continuing to expand its datacenters to satisfy the shortage of low cost hosting facilities catering to the Bitcoin and blockchain mining and transactional verification services industry specifically.

HashingSpace Corporation manages HashWallet, a Bitcoin wallet; HashPool, a Bitcoin
mining pool; and HashATM, the owner and operator of Bitcoin ATM machines. The company is a wholesaler of Bitcoin mining servers and Bitcoin ATM machines. Bitcoin businesses interested in reselling HashingSpace products and services are invited to reach out to HashingSpace Corporation for more information.

HashingSpace Corporation is headquartered in Wenatchee, Washington. For more information, visitwww.hashingspace.com.

Any unreleased services or features referenced in this or other press releases or public statements may not be currently available and may not be delivered on time or at all. Customers who purchase HashingSpace services should make their purchase decisions based upon features currently available. For more information please visit http://www.hashingspace.com or call 1-855-HASHING (427-4464).

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company’s current plans and expectations, as well as future results of operations and financial condition. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Company Contact: HashingSpace Corporation
5042 Wilshire Blvd. #26900
Los Angeles, CA, 90036
855 – HASHING (427-4464)

Investor Relations: ir@hashingspace.com

 

This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by HashingSpace Corporation.

About Bitcoin PR Buzz:

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How the Man who Introduced Silicon Valley to Bitcoin First Discovered It
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 Xapo CEO Wences Casares has been one of Bitcoin’s strongest supporters since 2011, but not many people have heard the story of how he originally got into this new form of digital money.

 The Argentinian-born entrepreneur has been able to create one of the most well-capitalized companies in the space, and he was able to mystify the likes of Dick Costolo, Marc Andreessen, Reid Hoffman and other Silicon Valley giants by transferring roughly $250,000 worth of bitcoin between multiple smartphones within a matter of minutes. But what led Casares to Bitcoin in the first place?

Trying to Send Money to Friends in Argentina

Unlike many of the Bitcoin proponents who talk about how the digital money is going to change the world without having their own, personal need for it, Casares came across Bitcoin while attempting to send money to childhood friends in Argentina. The Xapo CEO explained the process of finding out about Bitcoin on a recent episode of EconTalk:

“I first learned about Bitcoin in 2011. I live in California, in Palo Alto, and a group of childhood friends from Argentina were doing a project where we needed to send money to that project. And I couldn’t send money from California to Argentina, so I was looking to see if my sister, who’s there, could give the friends some money and I could pay her later. And one of my friends – who’s not tech savvy or financially savvy – said, ‘Hey, why don’t you use Bitcoin?’”

Giving Bitcoin a Chance

Although Casares admits he was skeptical at first, he decided to give Bitcoin a chance as a new international payment mechanism. He described the entire process of using Bitcoin to send money to his friends in Argentina in his recent EconTalk interview:

“So, I was curious and I looked [it] up online, and, I think on Craigslist, I found someone who was willing to meet with me at the cafe in Palo Alto and gave me some bitcoin and I gave them the cash. Then, I just got the bitcoin on my cell phone and I sent them to my friend in Argentina and the next day he has . . . [Argentine] pesos. And I just couldn’t believe what happened.”

Many bitcoiners remember the first time they used the digital money because it is a strange feeling to have actual value stored on an electronic device as a string of bits.

“I felt like I was witnessing the beginning of the Internet. It was that kind of fascination,” Casares said.

 Abra is the Mainstream Version of Casares’s 2011 Experience

Wences Casares’s story has been repeated many more times all over the world since 2011, and there is now an app that captures the essence of that experience in a user-friendly manner. Abra allows users to send digital cash to anyone else in the world, and that digital cash can then be transferred to local currency via a peer-to-peer (P2P) transfer.

Perhaps the most noteworthy aspect of the app is that it also locks the value of the digital cash to U.S. dollars, which means users don’t need to worry about bitcoin’s price volatility for the duration of the transfer. Abra is powered by smart contracts built on top of the Bitcoin blockchain.

Abra is just now coming to market, but Casares already experienced this new phenomenon four years ago. As time goes by, we will continue to see more apps developed that were first thought of in the early days of IRC chatrooms and bitcointalk.org threads.

Photo Christopher Michel / Flickr

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