Exciting Bitcoin Developments You May Have Missed

In the fast-moving world of cryptocurrencies, it can be difficult to keep up with what is happening. Astonishing price shifts, legislation changes, and bold predictions for the future are all everyday matters with Bitcoin.

Therefore, there is a chance that you missed out on the following stories. These are all potentially big changes in the Bitcoin world as well as being interesting pieces of news that are well worth taking a look at.

The Switch to Bitcoin Gaming

It is clear that Bitcoin owners have more ways of spending their coins than ever before. More and more companies now allow customers to use this virtual currency to pay for their goods and services. Yet, it is still viewed by many as being more of an investment than as a currency for spending.

This is why it is important to note the shift towards Bitcoin in industries such as online gaming. It is becoming increasingly common for gamblers to use this currency to fund their playing on slots, blackjack, roulette and other classic casino games.

The main players in this industry haven’t yet started accepting Bitcoin but it wouldn’t be a great surprise to see this happen soon. By looking at the social media offerings of well-known casino sites such as Mr. Green we can see that these are typically forward-looking, innovative brands.

The Sky-High Mining Operation

A fascinating news headline recently told us that a Bitcoin mining operation has started high in the sky. As unlikely as it sounds, this is a true story. It is based on an eye-catching initiative from the Miner One mining firm.

They sent up one of their Bitcoin mining rigs to an altitude of 35,000 meters (close to 22 miles) using a hydrogen balloon. This height was chosen to reflect the fact that the company had predicted earlier this year that Bitcoin would hit a price of $35,000 in 2018.

While this might seem like a simple publicity stunt, it could have a major effect on the future of Bitcoin. One of the big worries about the currency is the amount of energy needed to mine coins. By putting mining rigs in space could solar energy be used instead?

Source: Pixabay

Smart Bitcoin Banknotes Issued

Is it likely that people are still reluctant to use cryptocurrencies because of the lack of physical notes or coins? This is certainly possible. We are so used to paying with fiat currency that the switch to Bitcoin may be tough for some to even imagine.

A multi-national company has recently made a move to alleviate any fears that may still lurk in the minds of cryptocurrency users. Tangem announced in Singapore that they are launching smart bitcoin banknotes in denominations of 0.01 and 0.05 BTC.

The announcement was made in the Megafash Suntec City store. They said that the “first shipment of 10,000 production notes” would soon be delivered to partners around the globe. Touching a banknote with an NFC smartphone confirms its validity.

With these and other interesting developments, it appears certain that the huge worldwide interest in Bitcoin isn’t going to slow down anytime soon.

Image: "Poker Chips and Face Cards - Poker" (CC BY 2.0) by pokerphotos

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