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THNDR Targets $95 Billion Gambling Sector With New Bitcoin Lightning API

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Today, THNDR has unveiled its latest innovation, Clinch — an API designed to enable instantaneous, borderless, low-fee, peer-to-peer wagering using the Bitcoin Lightning Network, according to a press release sent to Bitcoin Magazine. Recognizing the pain points of traditional competitive gaming platforms, such as high buy-ins, slow payouts, and regional restrictions, Clinch aims to redefine the landscape of competitive gaming utilizing Bitcoin.

The launch of Clinch comes as a response to the challenges faced by gamers, both casual and professional, in the traditional gaming space. High buy-in requirements, often demanding users to deposit $20 or more, have been a barrier to entry for many players, particularly those in emerging markets and developing regions. Clinch shatters these barriers by allowing users to place wagers for as little as one satoshi, or 1/100,000,000th of a bitcoin.

Clinch attempts to transform the online gambling market, valued at a $95 billion. The API opens up possibilities for partners, including online casinos, sportsbooks, and competitive gaming platforms, to integrate high-frequency, global wagering without the limitations, high fees, and sluggish processing associated with traditional gaming providers. This also serves as a monetization tool for game developers and other businesses navigating the ever-changing policies of app stores and development platforms.

To showcase the capabilities of Clinch, THNDR has introduced the feature in its portfolio of games, starting with the popular Club Bitcoin: Solitaire. Users can now place wagers in bitcoin on games like Solitaire against friends, with funds paid out instantaneously, thanks to the Bitcoin Lightning Network.

Furthermore, THNDR is collaborating with sports betting and gambling companies to expand the Clinch suite of offerings, making high-frequency wagering accessible on a wider scale.

While initial rollout is invite-only, users eager to experience limitless wagering can sign up for the rolling waitlist access. Developers interested in integrating the Clinch API can access documentation and gain access here.

​ Users can now place wagers in bitcoin on online games with funds being paid out instantaneously, thanks to the Bitcoin Lightning Network. 

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Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk – Emerging Markets Bitcoin News

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According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching 104.6 million visits.

​ According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching 104.6 million visits. 

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Crypto News

South Africa’s Regulator Tightens Rules for Crypto Asset Transfers via Latest Directive – News Bytes Bitcoin News

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The Financial Intelligence Centre (FIC) has proposed a directive regarding the regulation of crypto asset transfers.

​ The Financial Intelligence Centre (FIC) has proposed a directive regarding the regulation of crypto asset transfers. 

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Microstrategy’s Michael Saylor States Spot Ether ETF Approval ‘May Be Better for Bitcoin’

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Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of a spot ether ETF by the U.S. SEC might be good for Bitcoin.

​ Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of a spot ether ETF by the U.S. SEC might be good for Bitcoin. 

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