Gaming News Site CalvinAyre.com to Cease Operations - PokerNews.com

Gaming News Site CalvinAyre.com to Cease Operations - PokerNews.com
BitBoss announces integration with DotWallet to offer native iGaming experience using Bitcoin SV blockchain - PRNewswire
Poker Site Buys $100 Million of Bitcoin Every Month to Pay Players in BTC – News Bitcoin News - Bitcoin News

Posted: 24 Feb 2021 08:16 AM PST

February 24, 2021Matthew Pitt

CalvinAyre.com, the gambling news site, will no longer be updated. That is according to a statement on the website published today.

The site was the brainchild of billionaire owner Calvin Ayre who launched the site in 2009, calling it the "premier global gambling news site."

At the time, Ayre wasn't satisfied with the way other gambling news sites were publishing stories, suggesting that they were too respectful of the industry's biggest companies, so decided to create his own.

Now the site is ceasing operations, with a team of contributors and writers left to say their goodbyes, including lead poker writer Paul Seaton

Focus Switches to Cryptocurrency

The announcement on the website states that the site is shutting down due to Ayre's primary focus having changed, from gambling to cryptocurrency.

"I used to do an annual predictions piece for the site, and as far back as 2011 I was predicting a sea change in online payments through the rise of Bitcoin. It's taken longer than I originally projected, in part because Satoshi Nakamoto's original vision for Bitcoin got hijacked by individuals too wedded to the status quo and their own self-interest. (Just like those gambling media sites CalvinAyre.com sought to dethrone.)"

Ayre has been heavily involved in the cryptocurrency world for the past five years and this is clearly where his focus now lies.

In May 2016, Dr Craig Wright revealed Ayre was part of his business operation and had financially backed him to the tune of $30 million. Dr Wright claims to be the real person behind Satoshi Nakamoto, Bitcoin's creator. Those claims are widely regarded as being false by the media and the cryptocurrency community, however.

Calvin Ayre and Coingeek

Ayre acquired Coingeek.com, a cryptocurrency news site, in August 2017 and threw his weight behind Bitcoin Cash. Reports suggest Ayre's Coingeek mining operations were the largest Bitcoin Cash miner in the world by July 2018.

Four months later, Ayre decided Bitcoin SV is the future of cryptocurrency and gave it his full support and backing.

"Fortunately, Bitcoin was given new life through Satoshi's re-emergence – in the more tangible form of Dr. Craig Wright – and the release of Bitcoin SV (BSV), the only technology that remains true to the vision Satoshi outlined in his famous white paper (released one year before CalvinAyre.com's launch). But BSV isn't just a frictionless payments solution; its unparalleled scaling capacity offers heretofore unthinkable possibilities for data management. BSV also heralds the arrival of the Metanet, Dr. Wright's concept for a protocol that merges data and content for tracking, monetization and ownership in a peer-to-peer system."

Bodog CEO Calvin Ayre Announces Retirement

Gambling Articles To Remain Live, But For How Long?

Ayre signed off his message by stating "you never forget your first love" and by informing readers that the gambling articles will remain archived on CalvinAyre.com.

The site is currently awash with writers and contributors saying their goodbyes and leaving their contact details. The likes of Paul Seaton, Erik Gibbs, and Editor-in-Chief Bill Beatty have all posted their final articles on Ayre's now-defunct platform.

_{Lead image courtesy of CalvinAyre.com}

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BitBoss announces integration with DotWallet to offer native iGaming experience using Bitcoin SV blockchain - PRNewswire

Posted: 04 Feb 2021 12:00 AM PST

DENVER, Feb. 4, 2021 /PRNewswire/ -- BitBoss, the Denver-based iGaming technology developer, today announces that it has completed an integration for its market-leading blockchain-based casino application with DotWallet, the popular China-based Bitcoin SV-powered digital currency wallet and application ecosystem. As a result of the integration, the more than 1 million-strong userbase of DotWallet will gain native access to the BitBoss iGaming platform, which is now available for download from the DotWallet App Centre.

BitBoss have established themselves as a market-leading developer in the iGaming space, leveraging blockchain technology to bring innovative new products to market that facilitate provably fair gaming, coupled with the ease and transparency of a public digital ledger. The gaming technology company has created the first provably fair Bitcoin SV-based iGaming platform, which includes slot machines, poker, blackjack, roulette and baccarat.

All games offered by BitBoss are powered by Bitcoin SV, with every bet, decision and result – including all associated payments – intertwined and recorded as a series of transactions on its blockchain. All game data is uploaded in real-time to blockchain tracking service whatsonchain.com, enabling players at any time to verify on the public Bitcoin SV blockchain that the game was conducted fairly and under the agreed terms – establishing trust between player and operator.

The iGaming experience for DotWallet users on the BitBoss platform is completely integrated, with players wagering funds and receiving pay-outs directly to-and-from their DotWallet, embedding an additional layer of trust by eliminating the need to deposit funds onto a third-party platform. Winnings are distributed immediately after each game, a unique feature enabled by the speed and efficiency of Bitcoin SV.

DotWallet users can log in to the BitBoss game platform automatically - without the need to register - and are able to start playing after activating automatic payments. Transaction flows and order details, as well as features such as automatic payment limits, are all provided natively within DotWallet, which, together with the security technology integrated with the BitBoss platform, ensures a secure and transparent experience for players at all times.

The BitBoss platform is powered by Bitcoin SV, the only blockchain with the scaling capacity, data functionalities and low transaction costs (sending a payment transaction on the Bitcoin SV network generally costs less than 1/100 of a U.S. cent) required to support a sophisticated iGaming infrastructure. Only the Bitcoin SV network can provide the unbounded scaling necessary to enable the massive amounts of concurrent transactions required to offer a real-time iGaming experience and underpin the suite of games offered by BitBoss - which includes simple single-turn casino games right through to more complex, multi-turn and logic-based games.

Speaking on today's announcement, BitBoss CEO Matthew Dickson commented:

'Today's news marks the culmination of a months-long process between the BitBoss and DotWallet teams to integrate our leading iGaming technology with their successful digital currency platform. We are excited to be able to offer DotWallet's substantial userbase an iGaming experience which puts fairness first and look forward to working with their team further as we continue to innovate with BitBoss.'

Also commenting, DotWallet CEO Lin Zheming said:

'At DotWallet, we believe that there is a bright future for Bitcoin SV-based iGaming applications such as BitBoss, that ensure fairness and honesty for all players. We are delighted to see the combined efforts of our two teams go live today and demonstrate the benefits of a more efficient and transparent digital ledger with Bitcoin SV.'

About BitBoss

Headquartered in Denver, Colorado, BitBoss is an international team of gaming experts, blockchain innovators and technologists building technology to power the future of gaming and the new internet. They offer a suite of gaming products that leverage the unique qualities of the Bitcoin SV blockchain, combining innovative software and hardware solutions for both land-based and online gaming operators.

About DotWallet

DotWallet is a lightweight non-custodial wallet built on the Bitcoin SV protocol. It provides quick registration and login using mobile phone numbers, email, and third-party providers like Google, Facebook and WeChat. It supports the sending, receiving, and storage of multiple digital currencies. Powered by Bitcoin SV's tokenization technology, users can send and receive transactions across several digital currencies instantly using 0 confirmation transactions.

SOURCE BitBoss

Poker Site Buys $100 Million of Bitcoin

Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker websites, Winning Poker Network (WPN), has been buying millions of dollars worth of bitcoin in recent weeks from OTC desks to meet players' cashout demand, Bloomberg reported Thursday, citing WPN CEO Phil Nagy.

Nagy explained that bitcoin is in so much demand that brokers are charging up to a 1.5% premium. He clarified that WPN does not hold onto bitcoin, adding that the cryptocurrency is converted into fiat currency as soon as possible.

He revealed that his platform does more than 60% of its transaction volume in bitcoin, totaling about $100 million a month. Noting that about 60% of customers cashed out in bitcoin before the recent price rally, he said:

Right now 90-95% of our payouts are people asking for bitcoin because it's going up. We are constantly having to go out and buy bitcoin — lots. Lots. More than we've even had to before.

WPN, which began accepting bitcoin in 2014, supports several popular poker rooms, including Americascardroom.eu, Yapoker.com, Blackchippoker.eu, Truepoker.eu and Pokerking.com. Customers can deposit dollars and make withdrawals in bitcoin. Nagy revealed that about 60% of the platform's customers are from the U.S. even though online poker is illegal in most states.

According to a study by The Business Research Co., the poker industry grew 43% since April. Online gambling has become more popular since the Covid-19 pandemic outbreak, particularly after the shutdowns prevented many people from visiting real casinos.

Bitcoin.com offers a variety of provably fair games, including blackjack, slots, roulette, and video poker exclusively using either bitcoin or bitcoin cash. Games are provably fair and payouts are instant.

What do you think about poker sites buying millions of dollars of bitcoin daily? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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