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A remarkable transformation is underway at 1xBit, the crypto betting platform now integrated with Algorand and Arbitrum, avant-garde deposit methods poised to redefine users’ transactional experience. A Glimpse into Algorand’s and Arbitrum’s Marvels A paragon of efficiency, Algorand successfully solves the so called blockchain trilemma: it ensures full participation, protection, and speed within a truly decentralized network which is very beneficial to crypto users. Arbitrum boasts rapid transaction speeds and minimal fees, creating a seamless and cost-effective financial ecosystem. Rest assured, the safety of transactions remains paramount, with Arbitrum’s fortified architecture ensuring that any interactions remain secure and incorruptible. Now, with an expansive selection of 5 tokens based on Arbitrum (Ethereum, DAI, Tether, USD Coin and Bridged USDC) users can bet on their favorite events on 1xBit and fuel betting fervor even more. And the commitment to embracing innovation extends to the realm of cryptocurrencies, where 1xBit is always at the vanguard. By embracing transformative technologies like Algorand and Arbitrum, 1xBit team reaffirms the pledge to provide players with the industry’s cutting-edge features. An Extravagant Welcome Awaits 1xBit recognizes that the inception of a new crypto betting voyage is electrifying, and it is here to magnify that excitement. Behold the lavish 7 BTC Welcome Bonus that accompanies punters’ first four deposits. Skip the labyrinthine KYC processes and relish prompt, frictionless payouts. The integration of new altcoins is an invitation to partake in a paradigm shift. As the crypto arena evolves, so does 1xBit, positioning itself at the forefront. By adopting revolutionary technologies like Arbitrum and Algorand, 1xBit is ushering in an era of swifter, more efficient, and more secure transactions. The betting platform encourages punters to seamlessly weave this innovation into transactions, unlocking a realm of speed, efficacy, and security. Register with a promo code ARBIT25 and get extra 25% to the 1st deposit bonus now! About Company 1xBit is one of the most popular crypto betting platforms on the market. The company’s website has been operating since 2016. 1xBit is known for plenty of gambling and betting options and guaranteed anonymity for its users. Stay Engaged For those who crave the latest buzz, promotions, and community gatherings, we invite you to connect with 1xBit on Twitter, Instagram, and Telegram. 1xBit extends a heartfelt thank you to the community that propels our growth and evolution. Your passion for crypto betting fuels the drive for excellence, propelling the company to design an unparalleled platform tailored to your needs. Stay tuned as 1xBit continue to shape the crypto betting landscape with transformative innovations. The future is now, and it’s pulsating within the confines of 1xBit! Get in Touch: Twitter Instagram Telegram     The post 1xBit Rockets into the Future: Welcoming Algorand and Arbitrum as Novel Deposit Methods! appeared first on Live Bitcoin News.
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In a continuous effort to uphold transparency within the cryptocurrency industry, OKX has released its eleventh straight monthly Proof of Reserves (PoR) report. The most recent disclosure reveals a significant holding of $11.2 billion, primarily in assets like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).OKX Publishes Eleventh Proof of Reserves ReportThe PoR report covers 22 commonly traded digital assets, including BTC, ETH and USDT. OKX has consistently maintained a reserve ratio exceeding 100% for 11 straight months across all these assets. The current reserve ratios for the three mentioned tokens stand at 102%, 103%, and 102%, respectively.Compared to the results reported in August, the reserves increased by $800 million, rising from $10.4 billion to $11.2 billion. However, when compared to July, they slightly decreased, shrinking by $100 million. It's important to note that their value primarily depends on the prices of digital assets, which were testing their yearly highs in July.Gm. Time flies, and def flies faster in crypto. Today we published our 11th #ProofofReserves where we show our reserves in ratio of total customer funds. The saying goes.. “Don’t trust. Verify.”https://t.co/zOUEbqZIde— Haider (@Haider) September 26, 2023„We've seen hundreds of thousands of users engage with our PoR, visit our PoR page and view their self-audits since late 2022,” commented Haider Rafique, the Chief Marketing Officer at OKX. “The open-source verification tool allows users to independently verify our solvency and confirm their assets are backed by our reserves while maintaining their privacy.”In its latest press release, the exchange also noted that it received the highest possible quality rating among major cryptocurrency exchanges from Nic Carter, a respected industry expert on blockchain. He referred to the exchange as the "gold standard" of PoR reports.Crypto Users Think PoR Reports Are ImportantOKX is the only major cryptocurrency exchange that consistently publishes its PoR reports. The Proof of Reserves serves as a tool enabling crypto exchanges to show they possess enough reserves to back the digital assets held by their customers. This is vital for sustaining confidence and safety in a sector frequently criticized for its opacity. Regular PoR reports reassure users and establish a benchmark that encourages other exchanges to enhance their transparency, thereby improving industry norms.PoR reports' popularity surged following the FTX exchange's downfall in November 2022. These reports aimed to calm users who were anxious about withdrawing their assets from decentralized exchanges.In August, OKX conducted two Twitter surveys to gauge public sentiment about the importance of PoR and transparency in choosing a crypto platform. The results were telling: 84% of respondents considered monthly PoR reports either “somewhat important” or “very important,” while 88% emphasized the importance of transparency.“We have invested an incredible amount of time and resources in developing the best PoR in the industry, and the statistics show that crypto users value this,” added Rafique. This article was written by Damian Chmiel at www.financemagnates.com.
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