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Now Is The Time To Get Into FirstBlood (1ST)

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FirstBlood (1ST) has been a real rollercoaster coin this year. Against a backdrop of almost universal appreciation in the cryptocurrency market, FirstBlood has essentially traded against the grain, rising into mid-July but subsequently peaking and collapsing throughout the latter six months of the year.

At highs, 1ST was trading for more than $2.60 a piece. By mid-December, this had fallen to just $0.33 – a decline of more than 87%.

1ST Daily Chart

1ST Daily Chart

This week, however, it looks like things are turning around. 1STran up to more than $1 a piece on December 14 and – subsequent to a short-lived correction – currently trades for around $0.85 and a market cap of $73 million. It’s not $2.60 a coin but it’s certainly a resurgence and, as we see things, it could well be the start of a longer-term upside revaluation.

So what’s going on?

For anyone that’s not come across this one before, FirstBlood is a company that was set up to design and develop an eSports and gaming platform of the same name. It’s blockchain based (of course) and as far as we can tell (and certainly according to the company’s own marketing material) it’s the first of its type in the world.

The way it works is pretty neat. Users log on to the platform and can view, and subsequently bet on, games being played by other users. The stake is split between a reward for the winner on the game being played and a return on the bet issued by the viewing user and – and here’s where the token comes in to play – is denominated in 1ST. The outcome of the games is determined by what the company’s technical literature calls Witnesses, which are essentially randomly chosen users from the pool of users running Witness nodes. At the end of a match between two players, the results are recorded on the FirstBlood blockchain and smart contracts automate the payout process – some 1ST to the winning player, some 1ST to the winning bet-placers and some 1ST to the Witnesses in return for their running the Witness nodes and helping to determine the outcome of the game in question.

And things are looking pretty strong right now.

The company put out a 2017 update on December 8 (and it’s this that we think sparked the flurry of interest in the FirstBlood token market) that, for anyone interested, is available here.

The update basically outlines what’s happened from a development and growth perspective over the last twelve months and – in turn – sets up some key milestones for the year ahead. One of these, and one that could be a major growth driver near term, is an increased presence in Asia. Analysts expect the Asian eSports market to grow by 36% next year and, with its platform in place and expanding to include more games during the first half of 2018, FirstBlood is perfectly positioned to take advantage of this growth.

So what comes next?

When you look at these sorts of user participation platforms, two things are important: adoption and scalability. The FirstBlood team has consistently reiterated the fact that it’s focused a lot of time and energy on making sure that the platform will scale smoothly as and when required, so that’s one box checked. As far as user adoption is concerned, we pretty much always see an inflection point with these sorts of platforms – user count increases steadily before hitting a critical mass and taking off on an exponential slope. We’d love to see FirstBlood hit this point early to mid next year (and with a solid Asian strategy, it’s perfectly possible) and – if it does – the price of the 1ST tokens are going to follow the same path.

 

We will be updating our subscribers as soon as we know more. For the latest on 1ST, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.


Image courtesy of FirstBlood

Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

Bitcoin

5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitcoin

Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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