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Chinese care Banks to Just Say No to Bitcoins as Values Tumble

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Chinese care Banks to Just Say No to Bitcoins as Values Tumble

As Chinese and Dutch authorities forbade their banks from accepting Bitcoins late last week, the cryptocurrency tumbled in value (Image: Information Week)

It’s almost come to symbolize the war between orderly society and also the maverick movement away from it, but whatever your views on Bitcoins the earth’s top cryptocurrency and much within the news of late the headlines ended up being not good about them late last week. After many weeks of skyrocketing value hikes that took the digital money from about $60 per Bitcoin last March to more than $1,200 in late November, a stern caution through the central Chinese bank perhaps not to manage the currency caused a tumble that, as of press time, had Bitcoins poised between $731 and $737 in US dollars.

Meaningless Currency

The caution arrived following the bank noted that the cryptocurrency doesn’t have ‘real meaning’, lacks any legal backing and shouldn’t be dealt with by the Asian country’s banking institutions at all. Also noted and most likely more at the base of the Chinese banking system’s disdain your money can buy had been the current high-profile connection between Bitcoins and money laundering and illegal items procurement, specially on web sites like Silk Road, which had been recently seized and shut down by the FBI, only to reopen a month later ‘under new management.’

Ahead of the publicly issued warning, Bitcoins were gaining in appeal with the Chinese Continue reading

PartyPoker Grabs Early Edge in Brand New Jersey Online Gambling Market

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PartyPoker Grabs Early Edge in Brand New Jersey Online Gambling Market

PartyPoker and their land video gaming partner Borgata Casino are surging into very first place in the New Jersey online gaming market

Remember the full days once you couldn’t go more than ten minutes without seeing a PartyPoker ad on your television? It is been a time that is long PartyPoker ruled the airways and the United States Of America internet poker market but it seems as though it might be taking place again, albeit on a smaller and now legal and regulated scale.

PartyPoker and their partner, the Borgata Hotel Casino & Spa, have taken a very early and extremely impressive lead in the battle to become the principal player in the regulated New Jersey online gambling market. In accordance with reports, they currently hold 50 % of the poker market share in the first stages of the state’s online gambling revival, a true number that makes them a prohibitive favorite become the industry frontrunner in nj for a few time to come.

Branding Is Good

The lead that is big from a variety of factors. For starters, PartyPoker and Borgata both take advantage of great brand recognition. PartyPoker was when the biggest name in American online poker, and so they stayed a popular name across the world in the years since 2006, when they left the US market in the wake of the Unlawful Web Gambling Enforcement Act (UIGEA). Meanwhile, the Borgata could be the top poker room in Atlantic City, meaning t Continue reading

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