He whimpers like a girl when he gets ripped to the body.
—Paulie Malignaggi on his former sparring partner Conor McGregor
| No way but up |
The price of bitcoin has reached another all-time high days after the new cryptocurrency, called Bitcoin Cash, was split off from the main bitcoin blockchain.
Bitcoin posted a 16 percent leap.
The price of bitcoin jumped to $3,360.87 on Saturday. By Sunday, the digital currency settled down to $3,241.05.
The weekend gain on the bitcoin price can be credited to a “brief rally”.
BlockTower Capital CIO Ari Paul, in a CNBC interview, said that the weekend's surge is due “to a brief rally” following a “relatively uneventful” split. Saturday's bitcoin price also marks the first time that it reached $3,000 since June.
Bitcoin's continued rise should not be impeded by security risks.
As bitcoin sustained another record-high, it is important to secure the coins on wallets and exchanges. Addressing this concern, bitcoin technology research and development outfit nChain introduced two of its patent-pending security inventions that will prevent private key theft.
What are these two nChain inventions?
The first technique, referred to as “Deterministic Key Generation,” enables secure communication between the parties without the need to store the common secret. The second invention is called a Secure Split Key technique, which allows users to store a private key in such a way that it cannot be obtained by an unauthorized party, but it can also be reproduced when needed.
Takeaway
The record-high price of bitcoin marks the start of an easy ride for the digital currency. It is imperative to adopt innovations, like what nChain has provided, to protect bitcoin from security risks and sustain its growth.
| FEATURED VIDEO |
Gavin Hamilton: Game Technology must be flexible to business changes
In this interview with Becky Liggero, Gavin Hamilton of Red Tiger Gaming Ltd. talks about challenges that game technology providers face daily.
| GLOBAL ROUND UP |
| ASIA |
Justice Amit Rawal of the Punjab and Haryana High Court in India has ruled that playing fantasy sports cannot be considered gambling as it requires a substantial degree of skill, judgment and discretion.
| AUSTRALIA |
Joseph Del Luca, the founder of the Australian Online Poker Alliance (AOPA), hailed the recent inquiry on removing online poker in the government crackdown against in-play online gambling as a success for Aussie poker players.
| EUROPE |
Greece's Finance Ministry has filed a bill seeking to lessen the number of video lottery terminals (VLTs) being operated by OPAP to 25,000, citing the need to impose “a more effective supervision by the authorities”.
| FACT YOU NEED TO KNOW |
Seventeenth century French mathematician Blaise Pascal made the technology that became the basis of the modern-day roulette. The roulette was a by-product of Pascal's attempts to invent an uninterrupted motion machine.
| TIP OF THE DAY |
If you want to add a layer of security in identifying the people you are hiring, you should consider using a technology that will evaluate the authenticity of documents and can even conduct face recognition and database searches.
| PRESS RELEASE |
EiG welcomes start-ups again this year for the 9th Start-up Launchpad competition
Start-ups looking to disrupt the iGaming space should submit their applications to the 9th Star.up Launchpad competition. The five finalists chosen will have the chance to present their projects at the EiG in Berlin on 30 October - 1 November 2017.
| SHOUT OUT |
Shout-out to all golf fans! The US PGA tournament is set to happen on August 10 to 16 at the Baltusrol Golf Club (Lower Course) in Springfield, New Jersey. Last January, new PGA Tour Commissioner Jay Monahan said that he is keeping an “open mind” about online sports betting.
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