16.05.2021

Player Hits $250,000 (29 BTC) Slots Jackpot Staying at Home

Let’s face it, in most cases, the odds of winning a jackpot in any game of chance are usually stacked against you – but at some point, a game will be played that will change your life forever. However, this does mean that you need to be playing day in day out to hit the big one, just as this winner proved, sometimes lady luck can smile upon you sooner than you’d imagine.

Staying at home can pay off, not only for one’s health but also for one’s Bitcoin stash. This statement has never been more true for anyone than the lucky player who just added over 29 BTC to his wallet by playing the exclusive game of Slots.

In one such game of chance, a lucky winner at Bitcoin Games has struck a fortune by winning a huge pot and cashing out 29.65 BTC (~ $250,000). The player had newly joined the online casino and didn’t have to wait long to win the jackpot. As for the identity of the winner, that remains mysterious as the casino offers users to play and win jackpots anonymously. The gaming portal currently hosts many popular games who have massive jackpots such as Slots with 500 BTC, Keno up to 250 BTC, and Video Poker up to 203 BTC, all amounting to jackpots worth over $5 Million.

Bitcoin Games is an online crypto casino that offers instant withdrawals, provably fair exclusive games, and 24/7 customer support – all without ever needing to register. Play with real players on interactive games such as Baccarat at the Live Casino or indulge in a variety of popular casino games on the portal.

Platform Allowing Trading of Crypto in Custody Completes First $100K Transaction

A new institutional settlement solution that allows clients to trade directly from their custodial accounts has completed its first transaction.

Digital asset trading infrastructure provider SettleBit announced this week it had successfully transferred $100,000 in bitcoin from Prycto Digital to CMT Digital in roughly 10 minutes using a claimed first-of-its-kind settlement layer to facilitate a transfer that kept digital assets in BitGo’s cold storage.

SettleBit is the first settlement layer to be directly integrated into custodian, according to CEO Leor Tasman, who is also one of the founders at Prycto Digital. It allows institutional clients to trade cryptocurrencies without any settlement risk. Trades happen simultaneously through an atomic settlement system within the custodian itself that requires both parties to approve it before going through.

The settlement layer is designed to protect trades from theft and so that neither side can renege on the deal midway through. “There is no single second in time where one party holds the other party’s funds,” Tasman told CoinDesk. Because funds never actually leave cold storage at any point during the transaction, they remain fully insured.

The solution, which connects BitGo custodial accounts using an API integration, relies on liquidity providers to match price offers with the best quotes on either the buy or sell side. Initially restricted to bitcoin, ether and US dollars, SettleBit plans to add other assets in the near future.

The feature is currently only available to BitGo clients who have an established trading relationship with SettleBit. But the company will expand its settlement layer to other custodial solutions so it can facilitate secure cross-custody trading. Tasman confirmed to CoinDesk that Kingdom Trust clients would be integrated later this quarter.

BitGo had previously partnered with Genesis Global Trading to create a similar custodial settlement solution. Work began in January 2019 but no trades have yet been processed.

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