Latium (LAT) soars 16.67% on December 9-10

Latium (LAT) had a good 24 hours as the cryptocurrency jumped $0.14 or 16.67% trading at $0.98. According to Global Crypto Analysts, Latium (LAT) eyes $1.08 target on the road to $2.21. LAT last traded at HitBTC exchange. It had high of $0.98 and low of $0.70 for December 9-10. The open was …

December 10, 2017 – By Kurt Siggers

Latium (LAT) had a good 24 hours as the cryptocurrency jumped $0.14 or 16.67% trading at $0.98. According to Global Crypto Analysts, Latium (LAT) eyes $1.08 target on the road to $2.21. LAT last traded at HitBTC exchange. It had high of $0.98 and low of $0.70 for December 9-10. The open was $0.84.

Latium (LAT) is up 6.63% in the last 30 days from $0.92 per coin. Its up 0.00% in the last 100 days since when traded at $0.00 (non existent) and the annual trend is up. 200 days ago LAT traded at $0.00 (non existent). Latium maximum coins available are 30.00 million. LAT uses algorithm and proof type. It was started on 23/08/2017.

Latium is a decentralized microtasking platform for projects and community initiatives improving efficiency and transparency for freelance workers and project participants. The ecosystem is comprised of task doers and makers those who complete tasks and those who pay for them to be completed (respecitvely). Additional features include a reputation system profile management referral programs and LAT transfer system. LAT is an ERC20 token that acts as the main form of payment on the platform

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ACR Accepting 60 Different Cryptocurrenices: Will Others Follow?

More than 60 different cryptocurrencies available for deposits on Americas Cardroom. From Bitcoin & Bitcoin Cash to Monero, Ether, Namecoin, and much more. Lately, bitcoin has been all the rage. The price of this original cryptocurrency has been rising like crazy, surpassing the $15,000 mark a couple …
cryptocurrencies

More than 60 different cryptocurrencies available for deposits on Americas Cardroom. From Bitcoin & Bitcoin Cash to Monero, Ether, Namecoin, and much more.

Lately, bitcoin has been all the rage. The price of this original cryptocurrency has been rising like crazy, surpassing the $15,000 mark a couple of days ago. Back when it first started in 2008, someone allegedly (indirectly) paid 10,000 BTC for two pizzas from Papa John’s.

According to the exchange rate at this very moment, those two pizzas were paid $145,730,000. Crazy, right?

While bitcoin may have gotten the ball rolling, many other cryptocurrencies were invented over the past seven years. Ever since it started gaining popularity, bitcoin and other crypots were proposed as an ideal solution for online pokerespecially for the US players.

It seems that Americas Cardroom (ACR) took this advice to heart, as the site made it possible for their players to deposit no fewer than 60 different cryptocurrencies.

All cryptocurrencies you could possibly need

ACR was one of the first online poker rooms to start accepting bitcoins. Given the players from the States were their primary target market, this makes a lot of sense. Ever since the UIGEA, American players have had problems moving money around and BTC offered a great solution to that problem.

But, it seems that folks running the show are trying to look ahead and anticipate things. Recently, ACR has announced that moving forward, players would be able to make deposits using one of 60 different cryptocurrencies on offer.

cryptocurrencies

ACR is trying to stay ahead of the curve and keep up with trends in the cryptocurrency market. However, there are potential downsides to this approach.

Apart from Bitcoin, these include Bitcoin Cash, Ether, Dash, Monero, Civic, Gnosis, Doge, Namecoin, Nubits, Novacoin, and quite a few more that most people have never heard about. Looking at the list, one can’t fail to ask – why so many?

Keeping their options open

At this point in time, there is probably no need to have all these cryptocurrencies available as a deposit method. However, ACR seems to understand that the crypto-market is in a constant flux and they want to stay ahead of the curve.

There is no telling which one of these cryptos could become the next big thing and it was probably easier to do most of them in one batch instead of adding them a few at the time. Plus, they get to be the first online poker site with such a wide scope of options.

Of course, for the time being, you can’t actually play in any of these alt-coins (as they are often referred to). Funds are instantly exchanged to your account currency when you make a deposit and you’ll need to deposit at least $100 worth of your preferred cryptocurrency.

Online poker & cryptocurrenices: What’s in the future?

Bitcoins and cryptocurrencies in general have been gaining a lot of media attention over the past couple of years. Some see them as the way of the future while others believe they’ll be short-lived and soon forgotten.

cryptocurrencies

If the astronomic rise of bitcoin turns out to be a bubble, it could seriously shake people’s confidence in the whole idea of cryptocurrencies

The tremendous rise of bitcoins certainly has many trademarks of a bubble, and if this bubble bursts it could shake the confidence of people about the whole idea. At this point, people could lose millions overnight if things go south.

Talking about online poker sites, it is hard to say whether or not more of them will follow in ACR’s footsteps and allow for bitcoins and other cryptocurrencies to be used with ease. While things seem simple at first, there are many underlying issues that could stop them from doing so.

Risk & reward

Once cryptocurrencies are allowed, the poker room needs to set an entire system to make sure everything goes smoothly. Obviously, it is virtually impossible to have different cash tables for all the different options, so deposits must be converted to fiat currency.

This seems easy enough (and it is), but the problem is, crypots can be very volatile. Bitcoin has been bouncing up and down like crazy over the past couple of months. So no serious business will keep their customers’ deposits in bitcoins or Namecoins, or whatever else.

cryptocurrencies

The volatility of bitcoin and cryptocurrencies in general make them a liability for any serious business, which makes their implementation a challenge

All of this takes time and there are fees involved, and these fees can be substantial. Additionally, exchanging cryptos for real money doesn’t always happen without bumps along the road. The very thing that makes cryptocurrenices great is also one of their weaknesses from the business perspective.

The lack of control and stability.

So, while there is a good chance that online poker rooms will be expanding to include cryptocurrencies moving forward, it is safe to assume they’ll be quite careful about it. ACR has certainly taken on the role of a pioneer in this sense, so their experience could be crucial in this process.

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Ivan first started playing poker in 2006 and played professionally from 2010-2013. He holds a BA in English language and literature. Since joining the Beat The Fish team in 2016 Ivan has made an immediate impact, leading the news section and contributing numerous feature articles. You can reach Ivan directly at ivanpotocki@gmail.com

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    Cryptocurrency Market Corrects Lower as Bitcoin, Altcoins Slip

    Bitcoin Cash (BCH) slipped below $1,400 and bitcoin gold (BTG) lose nearly 9% on the day. Dash and Ripple XRP also declined at least 3% apiece. Ethereum was little little changed after a week of tepid movement. It was last seen trading at $484. According to CCN, ether prices touched a new all-time …

    The world’s top cryptocurrencies corrected lower on Saturday, as investors scaled back their positions following a week of record-setting gains.

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    Total Market Cap

    The market capitalization for all cryptocurrencies fell to $383 billion over the weekend, according to CoinMarketCap. Global cryptocurrencies were valued at $440 billion on Friday following a week of record-setting highs.

    Even with the latest correction, the global market has added more than $100 billion over the past seven days, largely on the back of bitcoin. The world’s no. 1 cryptocurrency briefly traded above $19,000 on Thursday as daily trade volumes approached $30 billion.

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    The value of bitcoin briefly fell below $14,000 on Saturday. It would later consolidate around $14,367 for a daily loss of $1,220, or 7.8%.

    Bitcoin Cash (BCH) slipped below $1,400 and bitcoin gold (BTG) lose nearly 9% on the day. Dash and Ripple XRP also declined at least 3% apiece.

    Ethereum was little little changed after a week of tepid movement. It was last seen trading at $484. According to CCN, ether prices touched a new all-time high of $518 on Saturday before reversing course.

    Ether prices pushed higher last month, but have been unable to ride bitcoin’s coattails after China issued a hard ban on initial coin offerings (ICOs). Ethereum’s success is largely tied to the ICO market since the vast majority of token raises are launched on the platform.

    All Eyes on XBT

    The CBOE Options Exchange will officially launch its bitcoin futures contract on Sunday in what will become Wall Street’s first crypto derivatives product. The futures contract will trade under the ticker symbol “XBT,” and will be free for the duration of the month.

    Futures trading is notoriously risky, and the presence of bitcoin will only make the market more challenging for inexperienced investors. Analysts say a less risky way to get a piece of bitcoin is to invest in CBOE Global Markets (CBOE) directly. The company is traded publicly on Nasdaq, and could benefit from the institutional push toward bitcoin.

    CME Group offers the same opportunity. It trades under the symbol “CME” on the Nasdaq exchange.

    Bank of America Entering Crypto?

    Bank of America was in the headlines this week after the U.S. Patent and Trademark Office approved its concept for a potential cryptocurrency exchange system that would convert one digital asset into another. The patent suggests America’s second-largest bank was eyeing entry into the rapidly expanding cryptocurrency market at a time of heightened demand among institutional traders.

    According to the patent, the BoA system would allow enterprise-level clients to conduct higher volumes of crypto transactions.

    “Enterprises may handle a large number of financial transactions on a daily basis,” the patent said. “As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to exchange currencies and cryptocurrencies.”

    BoA isn’t the first major financial institution to explore entry into cryptocurrency. Earlier this year, Goldman Sachs’ CEO Lloyd Blankfein confirmed his institution was exploring a bitcoin trading operation. Globally, HSBC and Barclays have joined a collaborative project to build a cryptocurrency to be used by financial institutions.

    Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

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    Gemini, the crypto exchange founded by the Winklevoss twins, extends maintenance after massive …

    … ‘Ominous signs’: A senior economist at an exchange about to launch bitcoin futures thinks a crash could be on the way · The Queen’s bank, Coutts, has no plans to invest in bitcoin because it is backed by ‘nothing but sentiment’. SEE ALSO: Cboe’s president hints at ether and bitcoin cash futures.

    winklevoss twins tyler cameron bitcoin moet champagneMike Coppola/Getty Images

    • Gemini, the crypto exchange, extended a scheduled maintenance Saturday after a bitcoin sell-off.
    • The exchange appeared to be down for some users for much of the morning.
    • Bitcoin, the red-hot cryptocurrency, shed more than $1,500 during the downtime.

    • The exchange will provide data for Cboe Global Markets’ bitcoin futures contracts, which will go live Sunday.


    Gemini, the cryptocurrency exchange founded by the famous Winklevoss twins, has extended a scheduled maintenance of its site after a massive bitcoin sell-off.

    The company said Friday night that its site would undergo maintenance from 8:00 a.m. to 1:00 p.m. ET Saturday, adding that users shouldn’t expect “downtime.” Still, the site appeared to be down for some users during the period, preventing folks from accessing their cryptocurrency accounts.

    At around 1:00 p.m. ET the company said the maintenance would continue:

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    Capture.PNGTwitter

    The outage coincided with a massive bitcoin sell-off, which shaved more than $1,500 of its price, according to Markets Insider data. By 1:22 p.m. ET, bitcoin was trading down 11% against the US dollar at $14,305 a coin. The outage infuriated some users who were unable to move their coins around as bitcoin’s price slid. One person criticized the firm for not giving users enough notice on the original maintenance:

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    Here’s another discontent tweeter:

    twit.PNGTwitter

    Founded in 2015 by Tyler and Cameron Winklevoss, who reportedly own a billion dollars of bitcoin, Gemini is one of the best-connected firms in the cryptocurrency space. Cboe Global Markets is partnering with the exchange for its bitcoin futures contracts, which are set to go live Sunday.

    When volumes have increased on Gemini, the firm has faced challenges staying online.

    Earlier this month, the firm showed many users a “504 Gateway Time-out” message, which meant its servers were not responding to requests. The company posted on its status page that “systems are currently experiencing degraded performance.”

    The exchange also experienced outages lasting as long as 10 hours in August, according to reporting by Quartz.

    “This is not the first scaling challenge we’ve encountered, and it won’t be the last,” Gemini said in a blog post. “We’re continuing to improve our performance and infrastructure monitoring so we can anticipate potential problems more quickly in the future.”

    Gemini did not respond to a request for comment.

    The first bitcoin futures depend on trading at the Winklevoss twins’ tiny exchange — and that’s a problem

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