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The most famous casino cheaters

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casino cheats

Ever since there have been casinos, there have been casino cheats. These are people who want to win so badly that they are prepared to do anything – including breaking the law – to make it happen. Some people have even become so notorious for what they have done that they are famous (or rather, infamous) for their cheating. We look at some of the most high profile now – play here.

Tommy Glenn Carmichael

Tommy Glenn Carmichael added his name to the roll call of cheaters due to slot machines. He has even been imprisoned for what he did. It all began in 1980 – Carmichael used a metal device that he would put into the slot machine, making it think that a coin had been inserted. It would trigger the game without Carmichael having to pay anything at all. 

Eventually, as slots became more updated, the device no longer worked. So Carmichael started to use smaller casinos in Las Vegas; they still had the older machines as it cost a lot to update them. However, it was at this time he was caught, and sent to prison for five years. When he was released in 1987, Carmichael clearly had not learnt his lesson, and he started cheating again. To do so, he had to buy a slot machine and really learn how it all worked. Knowing this, he created a ‘slider’ which worked in a similar way to his previous device. He even sold it to other cheaters! However, he was caught again in 1996, 1998, and 1999 and was jailed. He is now banned from any casino, although he does make a living working with casinos to prevent other cheats! 

Richard Marcus

Richard Marcus is often called one of the greatest cheaters of all time when it comes to casinos. He made a huge amount of money and was never caught, so his title may well be deserved. So how do we know what he did if he was never caught? He wrote a book about it! He waited until he had made as much money as he would ever want through cheating, and then stopped, so he decided to write a book about his exploits. 

Marcus has a name for his cheating method; he called it the ‘Savannah’. It was a simple method, but it took plenty of guts and not a small amount of skill. 

Marcus would, quite simply, use sleight of hand to remove chips from a losing bet. This was much less obvious than the method of adding chips to a winning bet. 

Ron Harris & Reid McNeal

In 1995, the jackpot of $100,000 was won by Reid McNeal. He was playing keno at Bally’s Park Place Casino Resort in Atlantic City. This might not be anything to be suspicious about, except for the fact that McNeal didn’t show any emotion when he won. All he did was ask to be pain in cash. 

All jackpot wins need to be verified by state gaming officials in New Jersey, so an investigation was set up. The investigation led to a man named Ron Harris who was a computer programmer. It turned out that Harris was modifying software to pay out huge wins if a certain sequence of coins was used to play.

Image by Michelle Maria from Pixabay

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Bridge Mutual Closes Gap Between Traditional Finance and Digital Finance Insurance

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One of the biggest problems standing in the way of widespread crypto adoption is lack of trust, particularly when it comes to assets on centralized exchanges or complex exploits on decentralized protocols. While it is true that cryptocurrency blockchains are difficult to tamper or manipulate, other services in the space still experience multiple large-scale hacks per month. 

Centralized exchanges are prone to having their funds hacked, stolen, or lost. From the infamous Mt. Gox and FCoin hacks to the most recent KuCoin heist, dark clouds have been cast over the industry for centralized exchanges. These frequent incidents, in addition to the frantically volatile nature of crypto markets, have stopped cryptocurrency from gaining momentum. 

That’s where Bridge Mutual comes in to offer insurance. It aims to give institutional crypto investors a reliable way to offset their investment risks by issuing discretionary insurance against exchange hacks, smart contract attacks, and stablecoin crashes.

How does Bridge Mutual work?

The funds used to insure Bridge Mutual’s policy holders come from stakers who are able to select the stablecoin, exchange, or smart contract that they want to insure. After funds are locked in, they enjoy passive income from investment yields and profit sharing in the system. 

Likewise, the process for purchasing insurance through Bridge Mutual is just as simple as stakeholding.…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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