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How blockchain casinos guarantee players transparent payments via smart contracts



Recently, the TruePlay project, which is developing a blockchain platform for licensed gambling services, connected one of the first partners of the crypto casino FairPlay .

Using the functionality of the finished platform, FairPlay casino can now offer players not only to make bets in cryptocurrency, but also check the payout percentage in games with honesty control on the blockchain. This option implies that any user can view the records in the smart contract and see how many bets have been made and how many winnings have been received.

All transactions on deposits, rates, losses and winnings that pass on Fairplay are recorded in the blockchain, where it is impossible to change or delete data. Thus, the total percentage of winnings for each game is calculated, and providers can guarantee that their products actually work according to the stated algorithm.

So that all transactions can be easily traced in the blockchain, the TPLAY game cryptocurrency is used. The TPLAY tokens issued by the TruePlay platform are available to all players registered in the system. Users can replenish their balance and the conversion to TPLAY will happen automatically. While replenishment is possible on the air and Bitcoin, but the FairPlay team plans to expand the list of currencies soon.

Using the blockchain platform, FairPlay crypto casino can offer its users:

  • Predefined series recorded in the blockchain – lottery results, jackpots pass through smart contracts
  • Record all transactions – bets, wins, losses – in the blockchain, where any user can check the data
  • Guaranteed payout percentage, which is calculated from the amount of bets and the amount of winnings recorded in the public register

In addition, thanks to the TruePlay platform, blockchain casinos can offer affiliates to work on an affiliate program, the transparency of which is also guaranteed by a smart contract. Affiliate program on the blockchain allows you to see the full statistics on the players listed and earnings. New partners make a profit of up to 60% and can track the income of their players by checking the data in the blockchain.

After connecting the first gambling project, TruePlay continues to work on improving the platform and is developing the T3 module, which will help to carry out the integration faster, as well as provide the providers with a set of tools necessary for accounting and auditing.

At the time of publication, TruePlay remains one of the very few work products that are based on blockchain technology and are ready to provide ready-made functionality for gaming services.

Publication date 03/03/2019
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US SEC Commission: Some Stablecoins May Be Recognized to Securities



According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"



The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: […]



Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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