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BACCARAT

BACCARAT A SKILL OR CHANCE?

BACCARAT

Baccarat has nothing to do with skill and everything to do with luck. The only thing you worry about is which bet to make, and then lady luck does her work. It is the only fair chance that lets you win. The best you can bet on a winning streak and shift bets when one bet doesn’t work out. But if you are not sure about baccarat, you can try playing Money wheel game that is extremely popular in Thailand.

How it’s done

Baccarat is for everyone, from oldie to newbie, everyone can enjoy this game. It doesn’t require reading books or years of mastering. It is pure luck. If you want to play an easy game in the casino and want to stay at a distance from people with fat cigars and snooty faces, Baccarat is your escape.

It is simple; you get three bets; player, banker, and tie. The dealer deals the cards, and you don’t have anything to do. It is too, like Blackjack, played with 7 to 8 decks. Once the cards have been dealt with, you can see who won, and you win or lose according to your bet. Two hands are dealt, one is for the banker, and one is for the player. If both the hands dealt tie, then no one wins. If you have bet on a tie, you get your money back.

Baccarat has a small house edge, as small as that of Blackjack. But it is a lot easier and a lot more fun than other card games in the casino.

While playing Baccarat, you have to make decisions. On average, you have to make about 40 decisions in a game.

Odds of winning at Baccarat

Baccarat is purely a game of chance. You don’t know what cards you will be dealt with (which is the same for all card games, by the way). But in Baccarat, you don’t have to move the cards. You get what you get, and that decided you win or lose.

The odds of banker and player winning are high, with bankers having a slightly higher chance. The rules are also very simple. This has made this game popular in casinos.

The minimum limit for Baccarat is a little higher than the others. But it is still favorable because of its easy gameplay and low house edge.

There are also little things you can do to increase your odds of winning. You can bet on banker more as it has a higher probability of winning. You should also ride the streak wagon and go with winning; the banker or the player. You should avoid betting on a tie as it has a higher house edge.

You also need to manage your money, and if you lose a lot of it, best not to continue.

Conclusion

The only skill required in Baccarat is the instinct and good touch of a luck potion (remember, liquid luck). It is a great game to play when you want to have fun, drink, socialize, and have money to burn. Alternatively, you can try jackpot slots game that is highly popular in Asia – Jackpot Slots. Be patient and never deposit more money that your limit.

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blockchain

Japan Plans to Allow Local Listing of ‘Foreign’ Stablecoins Such as USDT and USDC: Nikkei

Japan Plans

Japan Plans-Japan’s Financial Services Agency is seeking feedback on new regulations that would allow stablecoins issued outside the country to be listed on local exchanges, Japanese newspaper Nikkei reported on Monday.

Under the draft regulation, local distributors will be allowed to handle payments-focused stablecoins, which are cryptocurrencies stabilized against the value of sovereign currencies like the U.S. dollar, if they maintain sufficient assets.

Japan Plans

Another article published on Monday said the regulations stand to reverse a ban on the distribution of foreign stablecoins locally. Local exchanges don’t currently list stablecoins like USD Coin (USDC) and tether (USDT) that are issued by foreign entities.

Following the collapse of multibillion-dollar stablecoin issuer Terra earlier this year, Japan’s parliament passed a set of rules specific to stablecoins and focused on investor protection.

The new rules on foreign stablecoins would be applied in conjunction with the revised Payment Services Act, according to Nikkei. The framework is open for public comment until Jan. 31 and will come into force later next year.

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blockchain

Alibaba ’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions

Alibaba

Alibaba-An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform.

Per Sina Technology, the announcement was made by Li Chen, Chief Compliance Officer of the Ant Group – Alibaba’s fintech arm. Ant operates Alipay and Alibaba’s online banking arms. Li Chen was quoted as telling attendees at a digital trade forum in Zhejiang:

“Alipay has joined the digital yuan acceptance network. It is the first payment platform to support the digital yuan.”

Li Chen added that a digital yuan wallet “fast payment function” had been launched in Taobao – allowing customers to use digital yuan holdings at checkout.

The official added that a slew of digital yuan-related services would be “launched in batches” in the weeks and months ahead.

The new Alipay link means that digital yuan holders in the pilot zone can also use their coins to pay for goods and services on Alibaba subsidiaries, such as Tmall-Mart, the tech giant’s “smart” online supermarket, the Hema chain of grocery stores, and its Ele.me food delivery network.

The media outlet added that Alipay and Taobao app users could get started with digital CNY pay right away – by simply updating their apps. At checkout, they can find prompts that lead them to digital yuan wallet payment options.

Alipay officials also added that users could search for a new “paying with the digital yuan” section in the Alipay app to “learn how to use” the coin.

Why Does it Matter if Alipay & Taotao Embrace the Digital Yuan?

Taobao is China’s answer to Amazon and is arguably its most popular e-commerce website, alongside JD.com. The latter has been exceptionally active in the digital CNY sphere, and has pioneered a range of giveaways in pilot zone areas.

Alipay and its closest rival WeChat Pay have dominated the Chinese e-payments market in recent years – and have cornered some 15% of the total national payments market. WeChat Pay is the brainchild of the tech titan Tencent.

The government has repeatedly claimed that the digital yuan is not being positioned as an Alipay/WeChat Pay rival, although some believe that Beijing is planning to break up the tech giants’ duopoly.

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blockchain

Ethereum Turns Deflationary Amid Market Turmoil – Future of Money?

Ethereum

Ethereum ’s native token ETH is once again turning deflationary, as more tokens are burned than new ones issued, leading some proponents to point to ETH as a future sound money.

The latest deflationary turn for ETH happened during the crypto market crash over the past few days, as transaction fees on ETH spiked as traders rushed to send tokens to and from exchanges. And as Ethereum users know by now, the network initiated its new token burn mechanism with the EIP-1559 upgrade in August 2021. The upgrade created a system where a portion of transaction fees are burned, making the issuance of ETH – at times – deflationary.

As a result of this new burn mechanism, more tokens are burned as more ETH is transacted with and transaction fees paid.

According to data from ETH tracking website Ultrasound.money, the ETH supply has declined steadily since October 8, and turned negative on November 9. Since then, the supply has continued to fall at a faster rate, reaching an annual -1% supply growth at the time of writing.

Ethereum

Worth noting, however, is that the reduction in ETH supply has come as prices of the token have nosedived along with the broader crypto market. Over the past 7 days, the price of ETH was down by more than 16% over the past 7 days, although it still remained almost unchanged when looking at the month overall.

Ethereum

Ethereum-Not a new idea

The idea of ETH as ultra sound money was brought up as early as in March of 2021 by Ethereum Foundation researcher Justin Drake in an interview on the Bankless podcast:

However, others are of a very different view, with for instance Bitcoin (BTC) proponents often arguing that the predictable and unchangeable issuance of BTC is what makes that sound money, and that the same cannot be said about ETH.

Among those who have argued for this is the early bitcoiner Kyle Torpey, who last year wrote in an op-ed for Cryptonews.com that ETH is far from ultra sound money.

In other words, the issue of whether ETH is – or can ever become – ultra sound money is still up for debate, and will probably remain so for the foreseeable future.

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NFT

Soccer Premier League Lines Up £۳۰ Million Deal with Sorare NFT Platform

Soccer Premier League

Soccer Premier League, the top tier of England’s professional soccer league, is readying to expand its exposure to non-fungible tokens (NFTs) through a potential partnership with NFT fantasy soccer game Sorare that could be worth some £30 million ($34.6 million) per year. 

Soccer Premier League 1

The cooperation is to be discussed today during a meeting of club executives and company representatives, UK broadcaster Sky News reported. Under the potential multi-year contract, the Premier League’s 20 clubs will allow their fans to purchase NFTs with the digital depictions of top athletes such as Manchester United’s Cristiano Ronaldo, Harry Kane of Tottenham Hotspur, and Manchester City’s Erling Haaland, among others. 

Soccer Premier League 2

Industry sources with knowledge of the ongoing talks said the discussed contract with Sorare would replace a deal with ConsenSys that was close to being signed earlier this year. ConsenSys had attempted to renegotiate a deal at a lower price following this year’s drop in NFT prices. However, a Premier League club executive said they had been informed the contract with Sorare contract would provide the 20 soccer clubs with better financial conditions.

Soccer Premier League 3

Sorare is an NFT-based fantasy football manager game which allows its users to play, acquire, buy, and sell player cards as part of an immersive worldwide gaming experience. It allows users to build and manage their dream teams and l sell their top players for money.

The latest development comes shortly after Sorare secured major funds from investors to finance its further development. In late January 2022, a funding round led by Japan’s Softbank injected some $680 million into the Paris-based company. 

In addition to the deal with the Premier League, other plans by Sorare include offsetting the company’s unavoidable carbon emissions by the end of this year, with the long-term goal of reaching net-zero emissions by 2025.

“In July of 2021, we reduced our corporate carbon footprint by 99 percent by migrating the vast majority of our transactions within the Ethereum blockchain to the more efficient Layer 2 network. Our long-term ambition is to align our decarbonisation efforts to a long-term net-zero strategy,” the company said in a statement. 

With this in mind, last month, the Paris-based business unveiled its partnership with Plan A, a carbon accounting, decarbonisation, and ESG reporting platform, as part of the firm’s “long-term sustainability strategy.”

At the same time, a separate contract to be signed by the Premier League and NFT business Dapper Labs is reportedly also under negotiations. 

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