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Top stories in The Crypto Roundup today:

  • Coinbase Makes Tezos (XTZ) Staking Available to All Eligible US Customers
  • First-Time Bitcoin Buyers ‘Doubled’ in Square’s Q3 Report
  • Cardano and Algorand Receive High Praise from Weiss Crypto Ratings

At the time of writing, bitcoin (BTC) is trading at $9,286 (-1.72%) with a daily trusted volume of $970 mn. As for ether (ETH), it is trading at $188.67 (-2.38%) with a daily trusted volume of $292.85 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,208 (-1.15%). Tezos (XTZ) is up 25% in the past 24 hours after the announcement from Coinbase that it has made Tezos staking available to all eligible US customers.

 
24 hours chart of the price of BTC
 

Coinbase Makes Tezos (XTZ) Staking Available to All Eligible US Customers

 

Coinbase announced on Wednesday (November 6) that its Tezos (XTZ) staking service is now available to all eligible U.S. customers (rather than just institutional clients of Coinbase Custody). Also, you can now earn up to $6 in XTZ through the Coinbase Earn program. Tezos (XTZ) is up 25% in the last 24 hours.

According to Coinbase's blog post, currently, the estimated return is around 5%; however, investors should be aware that the Tezos network "sets the underlying return rate depending on the number of staking participants." All investors need to do get started with Tezos staking is to make sure you have some XTZ in your Coinbase account.

 
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Square’s Q3 Report Reveals Bitcoin Sales Grew 245% to hit $148 million Record

 

Payments company Square, founded by Twitter co-founder Jack Dorsey, processed $148 million in bitcoin sales in the third quarter of 2019. The earnings results on Wednesday showed revenues of $1.27 billion between July 1 and Sept. 30 of this year.

In the company's third-quarter investor letter, the firm said that the redesigned CashApps customer interface has helped drive more Bitcoin sales. The report also noted that the number of first time bitcoin buyers had "approximately doubled" since the redesign.

 
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Cardano and Algorand Receive High Praise from Weiss Crypto Ratings

 

Cardano, the twelfth largest cryptocurrency by market capitalization, has received high praise from Weiss Crypto Ratings. 

According to a Twitter post published Nov. 4, Weiss Crypto Ratings lauded the Cardano project for solving most of the issues addressed by the CBC Casper Protocol. The post also gave praise to Algorand for completing a similar feat, while taking aim at Ethereum for “wasting a lot of time” on the protocol.

 
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mBitcasino - Ready, Set, Race!

mBitcasino has experimented with its tournaments a lot, constantly working on improving them, based on feedback from its players. Now, with mBit Races, the casino feels it found the winning recipe. 

One of the main drawbacks of regular tournaments is that smaller players have little to no chances against high-rollers, which can be frustrating for small players. mBit Races were designed to give all players, high-rollers and low bettors alike, an equal winning chance, and they achieve this by using the win multiplier as the score indicator, rather than using the total bet sum. This means that low bettors will no longer get kicked out of the leaderboard by high-rollers just because the latter has a bigger bankroll, as the total bet sum is no longer relevant.

Another advantage of mBit Races is their short runtime-format of just 3 hours. That means that, if a player secures a top position, he won’t have to wait for days or weeks to get his prize, as it is the case with longer-running tournaments. Each race finishes in 3 hours, the prizes get credited, and another race begins. 

Speaking of prizes, mBitcasino has one more ace up their sleeve: the wins from mBit Races come with a 0x wagering requirement. That’s right: when you win a mBit Race, you win real money - no strings attached. 

Linda Murphy, VIP Manager at mBitcasino, was excited to talk about mBit Races: “Our players loved our tournaments, and we’re confident they will love our mBit Races even more! We wanted to create something that would trigger the competitive spirit within our players, and have them go head to head for the pot, regardless of their bankroll. With mBit Races, we feel we accomplished just that - all players get an equal chance at the pot, in a healthy competition, and the winners walk home with real-money wins. It doesn’t get better than this!” 

 
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Press Release

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