Cryptocurrency
Mario Mosböck Partners With CoinPoker to Build the Best Online Poker Site, Showcasing PoR on the Blockchain
[PRESS RELEASE – Willemstad, Curacao, August 10th, 2024]
Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals.
Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard.
In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker site.’
Users can read CoinPoker’s proof of reserves report here.
Building A Top Online Poker Site With Cryptocurrency
Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but increasingly ranked among the top online poker sites by the likes of Card Player Magazine, PokerScout and Techopedia.
Unlike conventional internet poker sites that use fiat currency, on CoinPoker players bet with Tether (USDT) and the site is able to take advantage of the blockchain to show user funds are safe and segregated.
Online poker was rocked by the Full Tilt Poker scandal in 2011, in which user funds were co-mingled with operating funds, and the company went insolvent in the industry’s ‘Black Friday’.
Many top poker sites increasingly accept cryptocurrencies as a deposit method, but CoinPoker is among a small and growing contingent to go ‘all in’ and embrace it for all actions at the poker table. Players can deposit USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin or its own native token CHP which unlocks 33% rakeback for holders.
For added security, CoinPoker also makes use of Fireblocks vaults and a decentralized RNG (random number generator) software that players can verify the randomness of after every hand, utilizing Ethereum’s Keccak-256 algorithm.
CoinPoker Sign Mario Mosböck, Patrick ‘Pads’ Leonard
28 year old Mario Mosböck, who played as a forward for Austrian Football club Wiener Neustädter SC, recently made a name for himself on the live and online poker scene.
He now has over $11.7 million in recorded live tournament earnings, including a first place finish at the Triton Super High Roller Series in Jeju for $1.1 million, and a runner-up finish at the 2023 WPT Big One for One Drop for $4.6 million.
Source – triton-series.com
Mario players under the screenname ‘livinmydream’ on CoinPoker, often seen in high stakes battles in $25/$50 PLO cash games and higher.
Patrick Leonard is a former PartyPoker ambassador and currently ranked 38th on the England all time money list by the Hendon Mob poker database. His total live earnings exceed $3.1 million – including a WSOP bracelet win – and his online earnings of over $19.2 million have seen the 35 year old often rated among the best online MTT players in the world.
https://x.com/padspoker/status/1821575144504172892
Also a highly regarded poker coach, Patrick mentors mid stakes players to improve their games, with some of the grinders under his wing going on to win EPT, WCOOP and SCOOP events.
He describes his goal at CoinPoker to help ‘create the safest and best online poker room in the world’ and worked alongside the site to produce its proof of reserves report.
Proof of Reserves on the Blockchain
On its PoR report, CoinPoker writes:
‘CoinPoker prioritizes customer security and peace of mind. Our operations are safeguarded by a Curaçao eGaming License, ensuring compliance with strict regulatory standards. We demonstrate our financial integrity through Proof of Reserves, holding sufficient funds to cover all user assets. Proof of Reserves refers to the assets we hold in custody for users when they deposit funds into their accounts.
Here we provide proof that CoinPoker has funds held in reserve to cover all of our users’ assets 1:1, as well as some additional reserves. It’s important to note that this sum of funds refers only to users’ funds. CoinPoker’s corporate holdings, which are stored in wallets completely separately, are not factored into the proof of reserves calculations.’
At this time, CoinPoker customer deposits total approximately $16 million, and the total assets held in reserve to cover those is just under $16.75 million, equal to 105% of deposits.
The exact amount of player deposits is updated dynamically every few minutes on the coinpoker.com website.
Links are provided to view those funds on the blockchain via etherscan.io, blockchain.com, bscscan.com, and other crypto tracking sites depending on the token.
The majority of funds are held in cold storage for security, with some in hot wallets to process instant withdrawals – players can deposit and withdraw funds within minutes via a MetaMask wallet or a crypto exchange account.
To celebrate releasing the report, CoinPoker also announced an exclusive promotion for players to gain free entry into the upcoming $40k GTD Sunday Special tournament, on the company’s Instagram and other socials.
About CoinPoker
Licensed in Curaçao, CoinPoker is available for free download on Windows and Android devices, hosting No Limit Hold’em, Pot Limit Omaha and other game types across real money cash game and tournament formats.
New players earn a 150% up to 2000 USDT matching bonus on their first deposit, and holders of the site’s native cryptocurrency CHP earn 33% rakeback on their play.
Users can open a Coinpoker account here.
Links
This article is provided for informational purposes only and is not intended to be construed as legal, financial, or tax advice. Readers should not rely solely on the information presented herein and should consult with their own legal, financial, or tax professionals regarding their specific situations. The author(s) and publisher make no representations or warranties concerning the accuracy or completeness of the information contained in this article. Reliance on any information provided in this article is solely at your own risk.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Cardano’s price has experienced a massive drop recently following the Ethereum crash. However, things are still looking more positive for ADA, compared to ETH.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
Against USDT, the cryptocurrency has been consolidating between $1.2 and $0.8 over the past few months, forming a large descending channel pattern.
However, it broke down to the downside during the crypto market crash led by Ethereum, and ADA’s price briefly traded below its 200-day moving average, located around the $0.6 mark, before rebounding higher.
Currently, the price is trying to hold above the $0.8 support level, which would be vital if a bullish shift is bound to occur soon.
The BTC Paired Chart
The ADA/BTC chart shows a somewhat similar picture to that of the USDT-paired one. However, ADA is weaker than BTC.
The market has lost a key support level at 900 SAT and is now testing the 200-day moving average, which is located around the 750 SAT level.
In case of a breakdown, a deeper drop toward the 500 SAT area would be imminent. However, as the RSI is showing a clear oversold signal, a pullback toward the 900 SAT level looks more likely at the moment.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
[PRESS RELEASE – Mahe, Seychelles, February 5th, 2025]
BitMEX, a longstanding cryptocurrency derivatives exchange, has introduced 20 new options contracts, expanding its offerings to include a wider range of altcoins. Traders now have access to options contracts for Litecoin (LTC), Sui (SUI), Chainlink (LINK), Aave (AAVE), and additional assets, providing more instruments for risk management and market engagement.
BitMEX Options provides traders with access to robust market depth and minimal price fluctuations through an Orderbook and a Request-for-Quote (RFQ) interface. The platform supports both single-leg and multi-leg options trading with competitively low minimum sizes. Additionally, the Strategies Dashboard streamlines the execution of advanced options strategies, offering a more efficient trading experience.
Stephan Lutz, CEO of BitMEX said, “With the markets showing more volatility than ever, traders have an opportunity to push their strategies further, and we want to ensure they have every advantage. With this expansion, BitMEX is delivering what traders demand – a wider range of assets whilst empowering them with cutting-edge features that make executing sophisticated strategies effortless. With the addition of 20 new altcoin pairs, it reinforces our commitment to making BitMEX the go-to platform for options trading.”
Options traders can now access options pairs for BTC, ETH, AAVE, ADA, APT, AVAX, BCH, DOGE, FIL, ICP, LDO, LINK, LTC, MMPEPE, MMSHIB, MNT, OP, ORDI, SOL, SUI, TON, TRX, UNI, WLD, and XRP – totalling 26 pairs available for trading on BitMEX Options.
Users can sign up for BitMEX and explore trading options at https://www.bitmex.com/app/options.
About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity, and unmatched reliability.
Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure.
BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – providing assurance that they safely store and segregate the funds they are entrusted with.
For more information on BitMEX, users can visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities.
For further inquiries, users can contact press@bitmex.com.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Ethereum’s price is yet to recover from the drop it has been experiencing lately. Therefore, more downside could be expected in the coming weeks.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the price has been making lower highs and lows since getting rejected from the resistance at $4,000. Several support levels have been lost in the last few months, especially the 200-day moving average, located around the $3,000 mark.
While the price has already dropped to the $2,200 support and rebounded, there is still the chance for the market to decline lower as long as the cryptocurrency remains below the 200-day moving average.
The 4-Hour Chart
Looking at the 4-hour timeframe, the price has gradually declined inside a large falling wedge pattern. While the market broke the pattern to the downside on Monday, it recovered, reclaiming the $2,800 level. Yet, the RSI still shows values below 50%, indicating that the momentum is still bearish.
Therefore, if the price does not break back above the $3,000 level soon, a deeper correction or a longer consolidation could be expected in the coming weeks.
Sentiment Analysis
By Edris Derakhshi (TradingRage)
Ethereum Open Interest
As Ethereum’s price is in a steep downtrend, market participants wonder where the price will finally find support. Analyzing the futures market sentiment could provide helpful insights into this situation.
This chart presents the Ethereum funding rates metric, which measures whether the buyers or the sellers are executing their orders aggressively (using market orders) on aggregate. Favourable funding rates indicate bullish sentiment, while negative values show bearish sentiment.
As the chart suggests, the funding rates have dropped significantly following the recent crash. Judging by its current values, it is safe to say that the futures market is no longer overheated. However, without sufficient demand in the spot market, the market will not be able to recover any time soon.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Forex3 years agoForex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies
