I hope Puma does not produce condoms.

--Xherdan Shaqiri unimpressed with Puma after Switzerland's shirts rip vs France
10th May 2017  
 
  No way but up
 
The Story

The surge of the price of bitcoin is unstoppable as it breached the $1,700 mark and in the process, effectively shushing the naysayers of the cryptocurrency.

 

That’s great! Explain how the price rose to this level.

Don’t sleep. The rise of bitcoin’s price is usually attributed to external factors and this week is no different. Minneapolis Federal Bank President Neel Kashkari mentioned in a speech that its underlying blockchain technology has more potential than bitcoin itself.

 

So that’s it? Because of his speech?

Err…not exactly. You see, Kashkari’s statement was seen by analysts as the Federal Reserve being positive in its view towards not just blockchain, but also cryptocurrency. This in turn, boosted the confidence levels in the market.

 

Anything else?

Analysts at ABI Research agreed with Kashkari, even comparing blockchain’s potential as a market beyond cryptocurrency can be analyzed against venture capital funding.

 
Takeaway

A positive outlook of bitcoin by the right people will result to a win-win situation for the users and players of the digital currency.

 
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  FEATURED VIDEO
 
 
 
CA Rundown May 10
In this episode of the CalvinAyre.com Rundown, Stephanie Raquel brings you the top industry news and the latest on PKR’s suspension on MPN Network, Baazov-Cuomo deal and Kenya Gaming plea.
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  GLOBAL ROUND UP
 
 
  ASIA
Philippines’ new online license for “regulated wagering events”

The Philippines has announced that it will issue a new type of license for online gambling operators but the timing of the announcement is highly suspect.

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  EUROPE
William Hill hails “promising start” to 2017 after challenging 2016

UK-listed bookmaker William Hill is staying positive as it reported increase in its group revenue despite a flat performance at its mainstay UK retail operations.

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  NORTH AMERICA
 
New York inches ever closer to regulated online poker

New York’s latest online poker bill easily passed the committee level but is facing an uncertain future in the assembly.

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  FACT YOU NEED TO KNOW
 

The city of Lusail, host of the 2022 FIFA World Cup Final game, does not exist yet. It is yet to be built by Qatar.

 
 
  TIP OF THE DAY
 
In developing a product, the key to identifying the areas for improvement is the user. Never leave them in the dark.
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  WORD OF THE DAY
 

Expansion Pack: Refers to additional content for a game that is created by the developer and often costs almost as much as the original game did in the first place.

 
 
 
 
 
  PRESS RELEASE
 
Slotegrator to present its Telegram casino at RGW Moscow
The company Slotegrator is glad to inform about its participation in an international expo-forum Russian Gaming Week (RGW). The event itself is going to be held in Moscow on June 7-8.
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  SHOUT OUT
 
Juventus fans, pat yourselves in the back for a job well done! After crushing Monaco, the The French league leaders are expected to play against Real Madrid in the Champions League finals. Click here.
 
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