NetBet becomes the first bookmaker licensed by the UK Gambling Commission to accept Bitcoin for bets.NetBet Poker has become the first sportsbook and casino licensed by the UK Gambling Commission to accept crypto-currency Bitcoin for bets on its products.It is not known yet if NetBet will allow Bitcoin to be used for wagers on its online poker site.Alexandre Mangaud, a spokesperson for NetBet, said: “We have been looking at digital currencies for some time now; it has a growing user-base and was something we wanted to offer our customers.Since Bitcoin is new to the regulated gambling industry in Europe, we've worked closely with our payment processing partners to ensure that the addition of this new payment method meets the UK Gambling Commission regulatory requirements.” Although many major retailers and companies, including Microsoft, Dell, Virgin Galactic, and Expedia accept Bitcoin as payment, NetBet become the first bookmaker fully licensed in the UK to allow customers to use the virtual currency.

In August 2016, TonyBet partnered with payment solution specialist SpectroCoin to allow Tonybet Poker to process deposits and withdrawals from customers perfering to use Bitcoin.Bitcoin is a digital asset and payment system introduced by Satoshi Nakamoto in October 2008.Often called the first cryptocurrency, which isn’t entirely accurate as other systems exited prior to Bitcoin, Bitcoin is the first decentralized digital currency, and the largest of its kind in terms of total market value.There are a finite number of Bitcoins in existence.ethereal knives faster casting12.5 Bitcoins are created per block (approximately every 10-minutes) and will continue to do so until mid-2020, then 6.25 Bitcoins per block for the next four years.trade bitcoin to nairaThis halving continues until the years 2110-40 when a total of 21 million Bitcoins will have been issued.chi usa bitcoin in italia

The value of Bitcoin has fluctuated greatly since its creation, with its value peaking in December 2013 and January 2014 when it swing between $600 and $1,000 per Bitcoin before dropping to a range of $200 to $300 in March 2015.Currently, one bitcoin is worth approximately $702.Learn more about Bitcoiun in this three-part article series: PokerNews Guide To Bitcoin, Pt.1: What Is Bitcoin and How Does It Relate to Poker?PokerNews Guide To Bitcoin, Pt.2: The Pros of Bitcoin in Online PokerPokerNews Guide To Bitcoin, Pt.bitcoin vor und nachteile3: The Cons of Bitcoin in Online Poker Recommended for you Major Live Poker Events in the UK & Ireland During November 2016bitcoin conference in torontoUpdated Photo: A new bitcoin exchange has been launched in Sydney this week.ethereum madrid

Related Story: ATO decides Bitcoins are not money Related Story: Bitcoin promoters plead guilty over Silk Road scheme Map: Sydney 2000 Bitcoin company Independent Reserve has launched a new exchange in Sydney touting a robust, secure and faster way to use the crypto-currency.Bitcoin has gained traction, with an estimated 76,000 merchants who accept the commodity globally.Independent Reserve believes the volatile digital currency is on the brink of becoming mainstream.The company's chief technology officer Adrian Przelozny says the virtual exchange "is robust, secure and easy to use.""Asan Australian you will be able to open an account and be verified in a matter of minutes," he said.Bitcoin has seen wild price fluctuations, from as low as a few dollars to more than $1,200, and is currently valued at around $400.The new exchange plans to embark on a recruitment drive to spruik the value Bitcoins to local online traders and the taxi industry."Ebay is about to start accepting Bitcoin, you can buy a holiday on Expedia using Bitcoin, and you can buy a computer from Dell using Bitcoin," Mr Przelony said.For sceptics like Jeffrey Robinson, the American author of BitCon - The Naked Truth About Bitcoin, it is a just a pretend currency."The

currency is a charade and the commodity aspect is pump and dump, with Bitcoin what you see is not what you get," he said.Mr Robinson said in actuality many sites that claimed to trade in Bitcoin did not accept the currency."Bitcoin people will tell you, 'look at all the places that accept Bitcoin' - except they don't," he said."Whathappens is you get on their site and you click pay with Bitcoin, and it is the same in Australia, you end up being sent to one of the exchanges.The currency is a charade and the commodity aspect is pump and dump, with Bitcoin what you see is not what you get."Actually none of these companies want anything to do with Bitcoin."Mr Robinson believes the only value in Bitcoin is its payment system.Dubbed 'block and chain technology', it allows currency to be moved around around instantly and at minimal cost.Mr Robinson said the sooner the technology could be separated from Bitcoin, the better.However, Bitcoin investors believe the online currency is here to stay.Kristin Westlake is an investor and believer in Bitcoin."It

is a digital currency, money for the internet, it is another way, like using a credit card or using a debit card, to pay for goods and services, or to invest in... currency," she said."Ipaid about $500 for it, and it has gone up and above and below that."Chris, the owner of a Sydney cafe with a Bitcoin ATM, also believes Bitcoin may be the currency of the future."Ithink it is probably going to be huge in the future," he said."Itall depends on how people take it up.And that's the whole issue - it has been a bit slow, but I think it will happen."Bitcoin is a digital currency and payment system founded by Satoshi Nakamoto, an anonymous individual or group.The idea of bitcoin was first introduced in 2008 to a cryptography mailing list before being released as an open-sourced software in 2009.Unlike conventional financial transactions involving currency, bitcoin operates on a consensus network using completely digital money.It is often referred to as a cryptocurrency because it requires encryption techniques to regulate the creation of new bitcoins, a process called mining.

Bitcoin mining refers specifically to the computing power needed to process transactions, secure the network and verifying all previous bitcoin transactions on the network.Since its introduction in January 2009, bitcoin has become a worldwide currency and is widely considered to be the world’s first decentralized digital currency.This essentially means that no single institution or government owns the bitcoin network or controls its supply.While the size of the bitcoin market varies depending on the digital currency’s price, it currently boasts a market capitalization of around $10 billion.Since its inception, bitcoin’s price has been subject to significant volatility, which reflects the market’s nascent state.Since 2009, bitcoin’s value has fluctuated from just a few dollars to more than $1,200.Bitcoins are created as a reward for verifying and recording payments into a public ledger, which is referred to as a blockchain.The blockchain is a permanent record of every bitcoin transaction ever processed.

These transactions are protected by digital signatures that correspond to the sending addresses.Anyone with the computing power to process bitcoin payments can mine new coins.Mining work is just one way users can acquire bitcoins.Users can also purchase bitcoins at a digital currency exchange, trade bitcoin with other users, and receive payment for goods and services through bitcoin.While there is no fee to receive bitcoins, higher fees incentivize faster confirmation and processing of transactions.Since fees are unrelated to the amount being sent, they can often appear inconsistent or unfair.Transaction fees are still being developed and will likely change over time.In all of these cases, bitcoin ownership indicates that a user can spend bitcoins that are associated with a particular address, which requires the owner to digitally sign the transaction using a private key.Without knowledge of this key, the transaction cannot be signed and therefore no bitcoins can be spent or released.Like any other asset bought and sold in the market, bitcoin is subject to the laws of supply and demand.

However, unlike conventional money, bitcoin has a finite supply of 21 million.That’s the total number of bitcoins that will ever be mined.Since there are 1,000,000 bits in one bitcoin, there will never be a limitation, as future transactions can take the form of smaller sub-units.Since bitcoin’s supply ceiling is already known, the mining protocol has been set to halve the reward for creating new blocks every 210,000 blocks – a period lasting approximately four years.When bitcoin was first introduced, miners received 50 bitcoins for every block they created.Since 2009, bitcoin has undergone two halving events.The first occurred in late-2012, when miners’ reward fell to 25 bitcoins.The second event occurred in July 2016, when the reward for creating new blocks fell to 12.5.This process is expected to continue until the reward decreases to zero.A bitcoin wallet is a computer program or mobile app that allows users to send and receive the digital currency.In other words, the bitcoin wallet contains the information necessary to send and receive bitcoins, and is the primary means of sending and receiving bitcoins for most users.

The wallet does not “hold” or “store” bitcoins as conventional wallets hold money, but rather stores the digital credentials of the bitcoins.Currently, bitcoin wallets are available on Android, iOS, Windows Phone and Blackberry devices.They are also available on Windows, Mac and Linux desktop computers and over various web applications, such as BitGo, Green Address, Coin.Space and Coinbase.Bitcoin has been described as a pseudonymous currency, since funds are not associated with persons or entities, but rather bitcoin addresses.However, this does not mean transactions are anonymous.The use of bitcoin leaves an extensive, permanent record that is both traceable and public.Additionally, there is no guarantee of privacy on bitcoin exchanges, which facilitate the trading of bitcoin against traditional currencies, such as the US dollar.Depending on where the exchange is located, the law may require the collection of personal information.Bitcoin users are ultimately responsible for protecting their privacy, as there is no commonly agreed upon method to ensure the safeguarding of personal information.

Privacy standards are continually being updated based on new research and technology.Since its inception, bitcoin has faced legal and public scrutiny for its association with criminal activity.As such, its legal status varies substantially across the globe.In some parts of the world, bitcoin is explicitly banned or restricted.In other regions, trading and spending bitcoin are considered legal.Part of the challenge has been defining whether bitcoin is actually a currency, commodity or some other financial instrument.Currently, bitcoin is considered legal to use and trade in the United States, Canada, Australia and the European Union.Bitcoin is currently banned or restricted in places like China, Russia, Bangladesh, Vietnam, Bolivia, Ecuador, Iceland and Kyrgyzstan.Although regulations concerning bitcoin remain sparse, several countries have warned against using the digital currencies.In most places, bitcoin still operates in a legal grey area, as nations have been slow to recognize or accept the role of digital currency in the economic and financial system.Bitcoin’s arrival on the scene has sparked a large public debate about the role of technology in undermining state power.