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World’s biggest retailer and biggest one-day shopping event

The partnership was announced on Singles Day, a shopping holiday that is celebrated in China on Nov. 11 and is considered to be the world’s biggest one-day shopping event. According to Lolli, Alibaba shoppers spent more than $31 billion on Singles Day in 2018.

Alex Adelman, CEO and co-founder at Lolli, pointed out that the new move is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world.

He stated:

“Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”

Feature is only available in the United States

According to a Coindesk report, the new program will only be available for purchases in the United States. Aubrey Strobel, Lolli’s head of communications, reportedly claimed that residents in China will not be able to participate, and products would be shipped from China to U.S. users.

In the report, Adelman highlighted the firm’s plans to expand globally in 2020 and emphasized that the partnership is a great first step to connect China and the U.S. through Bitcoin and commerce.

Earlier today, Cointelegraph reported on Fold, one of the oldest Bitcoin shopping rewards apps, launching support for home-sharing giant Airbnb today. With the new feature, Fold users can get 3% back in Bitcoin on every stay and experience booked on the platform. The app works in selected countries including the U.S., Australia, Canada, Ireland, Mexico and the United Kingdom, depending on the specific brand.

Regarding Alibaba, the Chinese retail giant has not been friendly to Bitcoin to date. On Oct. 10, Alibaba’s digital payment arm Alipay reiterated its negative stance to Bitcoin, confirming that it will be banning all transactions identified as connected to Bitcoin.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Bitcoin News

#Cryptocurrencies

#Partnership

#Rewards

#Alibaba

#Shopping

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Unilever, O2 and Sky Join Blockchain Pilot for Digital Ad Transparency643Total views62Total sharesListen to article

1:57

NEWS

Unilever, O2 and Sky are among the latest big firms to sign on to Jicwebs’ blockchain pilot program designed to improve trust and transparency in digital advertising.

The news was revealed in a Nov. 12 report from United Kingdom-based industry magazine Campaign.

Industry involvement

Jicwebs — an acronym for the U.K. digital ad trading standards body, the Joint Industry Committee for Web Standards — first announced its blockchain pilot initiative in May 2019.

It counts the participation of major global media agencies Zenith, OMD UK and Manning Gottlieb OMD, who have been evaluating the potential for blockchain technology to bolster transparency in the sector and increase operational efficiency.

According to Campaign’s report, the U.K.’s popular online platforms Gumtree, Netmums and Rightmove have also all signed on to the project.

To complement the Jicwebs pilot, ISBA — an entity representing the U.K’s leading advertisers — is also conducting an end-to-end audit of some of the problems that plague the digital ad sector, notably in regard to trust and brand safety.

Richard Reeves, managing director of the Association of Online Publishers, said that the body welcomes “all initiatives that increase transparency for our members and shed light on where advertising spend is being distributed across the digital supply chain."

If the pilot proves successful, Jicwebs reportedly plans to consult the digital ad industry on how to implement the blockchain solution in 2020.

An embattled industry

As previously reported, McDonald's, Nestlé and Virgin Media joined Jicwebs’ initiative this July. Blockchain technology is increasingly gaining traction in a sector that is battling the increasing threat of fraudulent activity, “deepfakes” and opaque financing. In late 2018, major Japanese car manufacturer Toyota partnered with blockchain advertising analytics firm Lucidity to reduce fraud in its digital ad campaign buys.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Blockchain News

#Adoption

#United Kingdom

#Transparency

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Australian Man Arrested for Unregistered Crypto Transactions1680Total views87Total sharesListen to article

1:40

NEWS

Australian law enforcement arrested an unnamed 38-year-old Australian man for performing unregistered cryptocurrency transactions.

The police department of Victoria announced on Nov. 12 that the man has been arrested at his address in the town of Cairnlea. The joint report from the Victoria Police and Australian Transaction Reports and Analysis Centre (AUSTRAC) reads:

“Detectives from the E-Crime Squad have arrested a man today as part of an investigation into unregistered cryptocurrency transactions.”

Money laundering accusations

The Cairnlea resident is accused of violation of the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 for providing an unregistered crypto exchange service and the Criminal Code Act 1995 for dealing with property suspected of being proceeds of crime.

During the arrest, law enforcement found a substantial quantity of cash and false identification documents, which were seized along with a cryptocurrency ATM from a shopping center in Braybrook.

The investigation was initiated by reports of scam activity linked to the ATM provided to the police by AUSTRAC. This collaboration between the two agencies is one of the first actions by the E-Crime Squad that was related to cryptocurrencies.

AUSTRAC’s national manager of intelligence operations, David Hawkins, said that the outcome of the investigation underscores the importance of collaboration between AUSTRAC and law enforcement.

As Cointelegraph reported in late October, Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital, tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities under money laundering accusations.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Law

#Australia

#Bitcoin Regulations News

#AML

#Cryptocurrency Exchange

#Cybercrime

#Crimes

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Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’1059Total views126Total sharesListen to article

NEWS

The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking.

The rules were announced during the Fordham Law Blockchain Regulatory Symposium in New York on Nov. 11, according to a thread of tweets published by Wyoming Blockchain Task Force president Caitlin Long.

“First-ever” regulatory provisions for crypto custodians in many areas

Wyoming’s “blockchain banks” — legally known as “special purpose depository institutions” (SPDIs) — were approved by the Wyoming state legislature in February of this year and were introduced to serve those businesses unable to secure FDIC-insured banking services due to their dealings with cryptocurrency.

In her tweets, Long — a 22-year Wall Street veteran and cryptocurrency activist — indicated that the newly-released custody rules include what she claims are the first-ever regulatory provisions for digital asset custodians in many areas — including forks, airdrops, staking, customer notice requirements and so forth.

As regards airdrops, the rules state that all proceeds defined as ancillary/subsidiary — i.e. those earned via forks, airdrops, staking gains — automatically accrue to the customer, not the custodian, unless otherwise agreed in writing.

The rules also proscribe SPDIs from authorizing or facilitating the rehypothecation of crypto assets under its custody.

According to Long, the document was reviewed by four crypto sector Chief Technical Officers, alongside multiple Chief Operating Officers and dozens of attorneys.

Wyoming’s impressive crypto-legislative activity

As Cointelegraph has extensively reported, America’s least populous state has approved a steady stream of blockchain and cryptocurrency-related legislations.

In January, Wyoming’s Senate passed a bill — later passed by the House on Feb. 14 — allowing for cryptocurrencies to be recognized as money.

That same month, Wyoming passed a bill defining certain open blockchain tokens as intangible personal property, as well as a bill to establish a fintech regulatory sandbox.

This February, Wyoming passed two further bills on tokenization and industry compliance — the latter establishing SPDIs.

In 2018, the Wyoming Senate and House of Representatives passed a bill relaxing securities regulations and money transmission laws for certain tokens offered via an initial coin offering in the state.

A separate house bill exempting cryptocurrencies from the Wyoming Money Transmitter Act was passed by the state legislature in March 2018, as well as a house bill exempting them from state property taxation in February.

Yet, further pro-crypto and blockchain senate and house bills had already been passed into Wyoming law.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Blockchain News

#Cryptocurrencies

#Banks

#United States

#Wyoming

#Regulation

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Ex-Fed Chair Greenspan: ‘No Point’ in Central Bank Digital Currencies1530Total views108Total sharesListen to article

NEWS

Alan Greenspan, the former chair of the United States Federal Reserve (Fed), has said there’s “no point” for central banks to issue their own digital currencies.

According to a CNBC report on Nov. 11, Greenspan made his comments during the annual economic outlook conference hosted by Chinese financial magazine Caijing.

No point in Libra either

Greenspan’s argument reportedly hinged on the fact that national fiat currencies are backed by sovereign credit — a provision that is exclusive to the nation-state and its institutional structure.

Not even the tech behemoths in the age of FAANG’s ascendancy — an acronym for the world’s five most successful tech stocks, Facebook, Amazon, Apple, Netflix and Google — can compete with the depth and breadth of the U.S.’ financial markets, he argued.

Greenspan said:

“The fundamental sovereign credit of the United States is far in excess of anything Facebook can imagine.”

Greenspan — a Ronald Reagan appointee — was at the helm of the Fed during the Black Monday stock market crash of 1987, the tech boom of the 1990s, the Mexican, Asian and Russian financial crises (1994, 1997, 1998, respectively) and the dot com bubble bust in 2000.

With his 1987-2006 tenure thus spanning a period of serial crisis management and the Fed’s ever-more-spectacular dominance over the global financial system, TIME had run a now-notorious cover with a photo of Greenspan, Treasury Secretary Robert Rubin, and Undersecretary Lawrence Summers in 1999 dubbing them the "Committee to Save the World."

In the wake of the historic 2008 financial crash, Greenspan’s reputation has taken a nosedive, he and his cohort accused of having cemented the policies that brought the global system to its heels.

China and Tunisia already in the business

In an era of mounting Sino-American tensions, China’s central bank, the People’s Bank of China, is now widely expected to become the first major global economy to launch a central bank digital currency.

Meanwhile, Tunisia has recently begun the process of digitizing the dinar and plans to issue a paper-backed CBDC on a blockchain network jointly managed with a Russian tech startup.

In October, members of the U.S. House of Representatives Financial Services Committee addressed a letter to the incumbent Fed chair Jerome Powell inquiring into the prospects of issuing a USD CBDC.

The lawmakers argued that the Fed has both the capacity and the mandate to establish a safer, more flexible and more stable monetary and financial system by developing a digital dollar.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

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Bitcoin Price ‘Ranging’ Continues as Trader Says $8,400 Could Be Next1745Total views116Total sharesListen to article

MARKET UPDATE

Bitcoin (BTC) was struggling to recapture $8,800 on Nov. 12 after selling pressure sent the largest cryptocurrency broadly lower late on Monday.

Cryptocurrency market daily overview. Source: Coin360

Bitcoin fails to gain momentum to break $9K

Data from Coin360 showed BTC/USD trading between $8,700 and $8,800 on Tuesday morning, having fallen to local lows of $8,630 in the past 24 hours.

Despite volatility waning in recent days, Bitcoin remained broadly lower as the week began, losing support at $9,000.

Bitcoin seven-day price chart. Source: Coin360

Having exited its previous trading range, Bitcoin was now laying the foundations for further downside, analysts said.

In his most recent Twitter update, regular Cointelegraph contributor Michaël van de Poppe eyed the potential for BTC/USD to fall to around $8,400.

“Could continue the ranging here. For bulls; break back above $9,050 required,” he summarized.

Van de Poppe added that current price behavior signified a tussle between bull and bear forces over Bitcoin, something which nonetheless was not repeating on altcoin markets.

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jamesyates12-blog · 5 years

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Bitcoin fails to gain momentum to break $9K

Having exited its previous trading range, Bitcoin was now laying the foundations for further downside, analysts said.

In his most recent Twitter update, regular Cointelegraph contributor Michaël van de Poppe eyed the potential for BTC/USD to fall to around $8,400.

“Could continue the ranging here. For bulls; break back above $9,050 required,” he summarized.

Van de Poppe added that current price behavior signified a tussle between bull and bear forces over Bitcoin, something which nonetheless was not repeating on altcoin markets.

Despite the current slide, Bitcoin remains higher than many models forecast for this year. As Cointelegraph reported, the most accurate models call for an average BTC/USD price of $8,300 until next May’s block reward halving event.

Altcoins diverge from sluggish BTC

Altcoins indeed showed mixed behavior over the past 24 hours. While Bitcoin stayed mostly static, shifts of up to 5% characterized the top twenty cryptocurrencies by market cap.

Ether (ETH), the largest altcoin, nonetheless copied Bitcoin’s behavior, shedding just 0.25% to remain at $186.

Ether seven-day price chart. Source: Coin360

The leader was NEO (NEO), however, which rose almost 6% and extended a Chinese token run which began in late October.

The overall cryptocurrency market cap was $240.3 billion at press time, with Bitcoin’s share making up 66% of the total.

KEEP TRACK OF TOP CRYPTO MARKETS IN REAL TIME

HERE

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Cryptocurrencies

#Altcoin News

#Bitcoin Price

#Markets

#Ethereum Price

#Market Update

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Marie Huillet

Unilever, O2 and Sky Join Blockchain Pilot for Digital Ad Transparency629Total views62Total sharesListen to article

1:57

NEWS

Unilever, O2 and Sky are among the latest big firms to sign on to Jicwebs’ blockchain pilot program designed to improve trust and transparency in digital advertising.

The news was revealed in a Nov. 12 report from United Kingdom-based industry magazine Campaign.

Industry involvement

Jicwebs — an acronym for the U.K. digital ad trading standards body, the Joint Industry Committee for Web Standards — first announced its blockchain pilot initiative in May 2019.

According to Campaign’s report, the U.K.’s popular online platforms Gumtree, Netmums and Rightmove have also all signed on to the project.

If the pilot proves successful, Jicwebs reportedly plans to consult the digital ad industry on how to implement the blockchain solution in 2020.

An embattled industry

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Blockchain News

#Adoption

#United Kingdom

#Transparency

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1 HOUR AGO By

Adrian Zmudzinski

Australian Man Arrested for Unregistered Crypto Transactions1669Total views87Total shares

NEWS

Australian law enforcement arrested an unnamed 38-year-old Australian man for performing unregistered cryptocurrency transactions.

“Detectives from the E-Crime Squad have arrested a man today as part of an investigation into unregistered cryptocurrency transactions.”

Money laundering accusations

During the arrest, law enforcement found a substantial quantity of cash and false identification documents, which were seized along with a cryptocurrency ATM from a shopping center in Braybrook.

AUSTRAC’s national manager of intelligence operations, David Hawkins, said that the outcome of the investigation underscores the importance of collaboration between AUSTRAC and law enforcement.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Law

#Australia

#Bitcoin Regulations News

#AML

#Cryptocurrency Exchange

#Cybercrime

#Crimes

Daily updates

2 HOURS AGO By

Marie Huillet

Wyoming Unveils First-Ever Crypto Custody Rules for ‘Blockchain Banks’1050Total views126Total shares

NEWS

The United States’ state of Wyoming has unveiled a series of opt-in custody rules for its so-dubbed “blockchain banks,” covering areas such as forks, airdrops and staking.

“First-ever” regulatory provisions for crypto custodians in many areas

The rules also proscribe SPDIs from authorizing or facilitating the rehypothecation of crypto assets under its custody.

According to Long, the document was reviewed by four crypto sector Chief Technical Officers, alongside multiple Chief Operating Officers and dozens of attorneys.

Wyoming’s impressive crypto-legislative activity

As Cointelegraph has extensively reported, America’s least populous state has approved a steady stream of blockchain and cryptocurrency-related legislations.

In January, Wyoming’s Senate passed a bill — later passed by the House on Feb. 14 — allowing for cryptocurrencies to be recognized as money.

That same month, Wyoming passed a bill defining certain open blockchain tokens as intangible personal property, as well as a bill to establish a fintech regulatory sandbox.

This February, Wyoming passed two further bills on tokenization and industry compliance — the latter establishing SPDIs.

Yet, further pro-crypto and blockchain senate and house bills had already been passed into Wyoming law.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Blockchain News

#Cryptocurrencies

#Banks

#United States

#Wyoming

#Regulation

Daily updates

3 HOURS AGO By

Marie Huillet

Ex-Fed Chair Greenspan: ‘No Point’ in Central Bank Digital Currencies1514Total views108Total shares

NEWS

Alan Greenspan, the former chair of the United States Federal Reserve (Fed), has said there’s “no point” for central banks to issue their own digital currencies.

According to a CNBC report on Nov. 11, Greenspan made his comments during the annual economic outlook conference hosted by Chinese financial magazine Caijing.

No point in Libra either

Greenspan said:

“The fundamental sovereign credit of the United States is far in excess of anything Facebook can imagine.”

In the wake of the historic 2008 financial crash, Greenspan’s reputation has taken a nosedive, he and his cohort accused of having cemented the policies that brought the global system to its heels.

China and Tunisia already in the business

Meanwhile, Tunisia has recently begun the process of digitizing the dinar and plans to issue a paper-backed CBDC on a blockchain network jointly managed with a Russian tech startup.

In October, members of the U.S. House of Representatives Financial Services Committee addressed a letter to the incumbent Fed chair Jerome Powell inquiring into the prospects of issuing a USD CBDC.

The lawmakers argued that the Fed has both the capacity and the mandate to establish a safer, more flexible and more stable monetary and financial system by developing a digital dollar.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Altcoin News

#Dollar

#Central Bank

#United States

#CBDC

Daily updates

4 HOURS AGO By

William Suberg

Canada’s Largest Bank Mulls Crypto Exchange After Bitcoin Ban — Report4275Total views150Total shares

NEWS

A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange.

As innovation economy news outlet The Logic reported on Nov. 11, the Royal Bank of Canada (RBC) is now rumored to be considering the plans.

RBC reportedly planning multifunctional exchange

RBC is the largest bank in Canada by market capitalization, with $661 billion CAD ($499 billion) in assets under management.

According to The Logic, the bank is entertaining the possibility for the exchange to function both for investments and allowing clients to make purchases online and in brick-and-mortar stores.

The news follows a previous report that Canada’s central bank wanted to use digital currency in order to better track consumer spending habits.

“The trading platform would facilitate buying and selling of individual digital coins, including Bitcoin and Ether (ETH), as well as the transfer of funds combining different types of cryptocurrencies,” the publication summarized.

Bitcoin purchases “not allowed”

While little detailed information is currently available, the move would run conspicuously in contrast to RBC’s current modus operandi on cryptocurrencies. Last year, the bank abruptly banned clients purchasing Bitcoin or altcoins with credit and debit cards.

“Effective immediately, RBC will no longer be allowing the use of RBC credit cards for transactions involving cryptocurrency. We regret any inconvenience this may cause,” a notice stated at the time.

Other Canadian banks had previously done likewise, including TD Bank and Bank of Montreal.

Nonetheless, attention has since focused on how authorities will handle the fallout from QuadrigaCX, a local cryptocurrency exchange that imploded in late 2018. While recovery of lost funds is ongoing, users lost a total of around $190 million in deposits.

Discover the hottest industry trends, network with crypto experts, and meet the Cointelegraph teams from the U.S., Korea, Brazil, and Japan — all at

BlockShow

on Nov. 14 and 15.

#Bitcoin News

#Canada

#Banks

#Cryptocurrency Exchange

Daily updates

5 HOURS AGO By

William Suberg

China Digital Currency ‘Not Seeking Full Data Control’ — Central Bank1569Total views129Total shares

NEWS

China is not launching a war on cash by introducing its own digital currency, a senior official from the central bank has said.

As Reuters reported on Nov. 12 quoting Mu Changchun, head of the digital currency research institute at the People’s Bank of China (PBoC), Beijing still intends for the new currency to complement the paper yuan.

PBoC “knows” public wants notes and coins

Mu was speaking at a conference in Singapore, as speculation swirls the digital currency could appear within the next three months. China would be one of the first countries in the world to issue a domestic digital currency, along with Tunisia.

“We know the demand from the general public is to keep anonymity by using paper money and coins… we will give those people who demand it anonymity in their transactions,” Mu explained. He continued:

“But at the same time we will keep the balance between the ‘controllable anonymity’ and anti-money laundering, CTF (counter terrorist financing), and also tax issues, online gambling and any electronic criminal activities. That is a balance we have to keep, and that is our goal.”

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jamesyates12-blog · 5 years

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Cryptocurrencies News

The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions. However, the latest news on cryptocurrencies indicates that because cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events.

#Crypto #cryptocurrency #exchange

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jamesyates12-blog · 5 years

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Starfield Library in South Korea

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Visit on the Site on here....propersix.

Earn Money Playing Slot Machines... Or Not!

Yay, what a life would that be - sitting behind the fancy slot machine, hitting buttons, sipping Bud Light and constantly cashing out big bucks, or coins. Sure, we know that casinos (even online casinos, yes) take their “edge” and earn hideous profits, but we don’t think about it when we step into a local casino or log on to our favourite online casino.

There’s always a constant battle between “us” (the players) and “them” (casino) and most of the time we’re pretty equal, …

There’s always a constant battle between “us” (the players) and “them” (casino) and most of the time we’re pretty equal, until the slot machine suddenly turns into a money-leeching demon and starts eating our cash. So, after losing again, you ended up reading this article that has a title which gives you some hope.

Not that I want to sound rude, but reconsider because you won’t win your money back. Every bet you make equals giving your money away. Actually, there’s only one way to gain a profit visiting a casino - that’s when you sign up for a casino’s club card and go visit the place once in a while. You won’t play but always claim your “Club Member Bonus” free drink. After drinking it you should leave the place, but knowing you guys, that almost never happens.

For people who still believe that they can win with slot machines, I have listed some myths and rumors that aren’t true. Believing in them brings you debts and misery.

Some people believe that a poorly paying slot machine is about to hit big, maybe even a jackpot, so it would be smart to keep on playing or even raise the bets::

Well, actually there’s no difference if the machine has been paying poorly for a long time or not, because each spin is unique and totally random (IF, that is, you’re playing at least Casino Control Commission or a GamblingRalf approved casino and the machine uses well-known software). There’s different situations in land based casinos, because even if they claim that slot machines payout percentage is fixed and constant, it still happens sometimes. The payout percentage has been lowered to nonexistent and you can keep on playing and losing forever. There’s also no such thing as “feeding the slot machine” (this equals losing your money in order to win it back later) or “milking it”.

Talking on a cell phone when gambling drives high tech slot machines crazy and helps to win big…or not! Actually some cell phones damage digital slot machines (especially before GSM coverage, when NMT was a superhit), but I haven’t heard any stories of players being able to cheat the casino with this trick and withdraw the money.

I know a few players who have had sudden $100,000 on their bankroll and weren’t paid, because the computer chip made a mistake (probably caused by cell phone). Every bet and win has to be proved by a slot machine’s previous winnings history, which is saved and constantly checked.

::Temperature of the coins affect slot machines and payout rates. Hot coin means more money!::

Another twisted fairytale. If you’re already so credulous, don’t visit casinos at all - you will gamble your brains off like that and go home crying. Computer chips have a RNG chip (Random Number Generator) that isn’t affected by anything, even not by the coin you have stored and heated up between your buns.

We could continue this list, but I’d rather not do it because it all comes down to one thing - in the long run there’s no way you can beat the slot machine and steal its edge. If winning was easy, there would be no casinos. There’s no simple “How to Beat Slot Machine” tactic, only some simple rules that should be followed to keep your losings as low as possible.

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