The broader digital currency ecosystem is experiencing its current price onslaught after reports showed that the Bitcoin network is experiencing a massive transaction congestion. This congestion resulted in skyrocketing gas fees that forced some exchanges to halt BTC transactions over the weekend.

Commenting on the event, top crypto market analyst, Willy Woo said there are notable pros and cons to the Ordinals induced high gas fees on the Bitcoin network recorded over the past few days. The analyst told his more than 1 million followers that the high gas is good for the security of the network, but not ideal for nodes and decentralization.

High fees as a consequence of ordinals has pros and cons. It’s great for the security budget, but bad for nodes and decentralisation.

One day BTC block rewards will go to zero and the network will fail unless fees become huge to pay for security.

IMO decentralisation is more…

— Willy Woo (@woonomic) May 8, 2023

In justifying his position, the Bitcoin rewards will likely tend to zero someday and the only incentive investors will lean on to get security on the protocol is by paying the necessary gas fees to miners or validators. Willy Woo’s comment is directly linked to the integral cause of the network fee surge which are Bitcoin ordinals.

Noting that decentralization is key at the moment, Woo noted that he “would have preferred the impact of ordinals to have been a lot later when the security budget becomes more pressing, it would be at a time when decentralization is already anchored.”

Hope for Bitcoin Moving Forward

The inconvenience brought about by the high gas fees in the Bitcoin network is considered an attack by the growth of Ordinals which many refer to as distinguished shitcoins. While the network has no apparent coordinator, there is a likelihood that we are bound to see more of these ordinals in the near term. 

Assuming the pros highlighted by Woo are worth focusing on, this might be good, however, block reward will not be reduced to zero until after many years and as such, the inconvenience can harm the protocol more than can be imagined at this time.

The hope for Bitcoin will be the emergence of Layer-2 solutions to help Lightning Network cushion the impact of soaring transactions on the protocol. When Binance experienced the congestion, it had to integrate the Lightning Network to ease the clog, and related solutions can notably help reboot the outlook of the network.

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Jim Cramer lambasted the cryptocurrency market, during his Thursday appearance on “Squawk Box,” referring to it as a “ain’t con.”

“The whole thing seems so bottomless that I don’t know how to fathom it,” he said.

What Happened: Cramer characterized Ripple XRP/USD, Dogecoin DOGE/USD and Solana SOL/USD as “cons”.

The host of CNBC’s Mad Money is of the opinion that CNBC should not observe the fluctuations in cryptocurrency prices, asking why penny stocks do not receive the same consideration as virtual assets. “If we think XRP is something we should be tracking…Well…we should also list Rent the Runway (RENT) and Stitch Fix (SFIX) there too.”

See More: Best Crypto Day Trading Strategies

Earlier this week, Cramer predicted that certain well-known cryptocurrencies, such as XRP and Cardano ADA/USD might crash to zero.

Cramer has expressed a popular belief about cryptocurrencies that only the underlying blockchain technology is valuable, not the digital coins themselves. He said, “No one thinks blockchain’s bad.”

In 2022, the cryptocurrency markets were still far from reaching their full potential, following the TerraUST UST/USD and Luna crashes. The bear markets proved to be severe and unforgiving, leaving leading cryptocurrencies in a precarious state. Compounded by the FTX drama, the markets were left reeling.

Read Next: Bitcoin, Ethereum, Dogecoin Rise Amid Risk Rally: Analyst Says Apex Crypto ‘Seems Stuck In A Seesaw’ Around $17K

Longtime CNBC host Jim Cramer has offered a scathing critique of cryptocurrencies during his Thursday appearance on “Squawk Box,” describing the whole thing as a “gigantic” con. “The whole thing seems so bottomless that I don’t know how to fathom it,” he said.

According to Cramer, XRP, Dogecoin (DOGE) and Solana (SOL) are all “cons.”

The financial journalist believes that CNBC should not follow crypto prices, taking a dig at XRP and questioning why cheap stocks do not get the same treatment as digital assets. “If mean, if we think that XRP/USD Coin is something that we should be following…Well…we should put up Rent the Runway (RENT) and Stitch Fix (SFIX) up there.”

Earlier this week, Cramer also predicted that popular altcoins, including XRP and Cardano, might crash to zero.

“Mad Money” host

Cramer has seemingly taken an often-heard stance on cryptocurrency assets that revolves around the idea that only blockchain technology holds value, not crypto itself. “No one thinks blockchain’s bad,” the CNBC host remarked.

The former hedge fund manager has complained about people conflating blockchain with “the con.”

Cramer has echoed the view of JPMorgan CEO Jamie Dimon who recently praised blockchain while comparing crypto to “pet rocks.”

The “blockchain, not Bitcoin” narrative has been gaining traction since 2014, with crypto naysayers arguing that the technology has more promising use cases beyond speculative trading.

Choosing a reliable cryptocurrency casino requires due diligence and if you have been perusing the internet for one, you must have come across Roobet Casino, which is a popular name in the casino market.

This review looks into Roobet features, how it works, game offerings, bonuses, pros and cons, and a genuine opinion on why you should choose it.

Before getting into the review, it is important to know that Roobet Casino was established in 2018 and is operated by Raw Entertainment B.V.

How Roobet Casino works

Roobet is a leading online crypto casino that holds a license from the Government of Curacao. It is currently a cryptocurrency-only casino that only allows deposits in form of cryptocurrencies and not fiat currencies.

To participate in the various games offered by the casino, you have to register for an account first. The registration process is easy and fast. You are only required to provide a username and a strong password.

You can then proceed to deposit bitcoins (BTC), Ethereum (ETH), or Litecoin (LTC) to get some funds to participate in the various poker games offered on the Roobet website.

Depending on your country of origin, you may be required to submit documents that prove you are compliant with know your customer (KYC) and anti-money laundering (AML) rules before placing bets. But in most cases, Roobet requires the submission of KYC and AML documents before initiating withdrawals.

Key features

Available games: Slots games (including Roo Bonanza, Tom of Madness, Money Train 2, Mega Fortune, and Cherry Pop), Crash games, Live Casino Games (including cryptocurrency Blackjack, Baccarat, Roulette, games offered by Bitcoin poker sites, and others), Sportsbook, House games, and Drops & wins games.

Live Betting & Events: If you like playing live poker games, Roobet offers several live events under Roo’s live lounge. Some of the games here include Rooolette and Roo’s BlackJack.

Accepted cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH)

Regulation: Roobet is registered under the Government of Curacao

Fees: There are no transaction fees.

Free Funds: unlike most casinos allows players to earn extra points that they can exchange with Roobidos. You earn points as soon as you start depositing funds into your account, test the various apps on the website, and participate in various promotional events or surveys.

Customer support: You can access Roobet’s customer support team through Email, Social Network, and Chat Support and it supports English, Spanish, Portuguese, French, and Serbian languages.

Roobet Casino Pros and Cons

Pros

Roobet is a registered online casino website making it a reliable site where the safety of your funds is guaranteed.

Roobet offers free funds that allow you to can earn Roobidos without depositing any funds. All that is required is for you to enter a certain Roobet bonus code.

The casino offers a wide variety of games. You will hardly lack an entertaining game that you can play on Roobet.

It provides lucrative promotions and bonuses that include a VIP reward system for loyal casino members.

There is a very supportive customer support team that ensures that all your need are quickly attended to. Urgent disputes can be settled through live chats.

Roobet does not charge transaction costs like in other popular online casinos thus making it cheaper to participate in games.

Roobet is very strict when it comes to players submitting KYC and AML and that exemplifies the legitimacy of the platform.

Roobet allows you to place bets before submitting your KYC and AML documents depending on the country you are playing from although you will be required to submit the documents before initiating any withdrawal.

Cons

It is a cryptocurrency-only online casino meaning you cannot fund your account using fiat currencies which can be quite disadvantageous if you are not into crypto.

It does not accept bank transfers since cryptocurrencies are transferred from crypto wallets rather than bank accounts.

While it accepts players from around the globe, it does not accept customers from some countries such as the USA, the UK, Australia, Bonaire, Gibraltar, Cyprus, and Guernsey.

Roobet does not support the use of VPNs. If you are caught using VPNs from restricted countries, you risk having your funds frozen and your accounts terminated.

Why you should bet using Roobet crypto Casino

As long as you are not from one of the restricted countries, you can find a very wide selection of online crypto casino games to play on Roobet especially if you hold BTC, ETH, or LTC cryptocurrencies.

In addition, you will not be required to pay any transaction fees to participate in any of the games making it cheaper for you to participate compared to using other online casinos. You will also be entitled to a number of rewards including extra points to exchange for Roobidos.

Besides the fact that you cannot fund your account using fiat currencies, Roobet can be a good choice if you are looking for one of the best online casinos that are registered and regulated.

Final Verdict

While selecting a good crypto casino can be quite challenging, this Roobet Casino review will assist you with some of the features and games that you expect to come across if you decide to choose Roobet.  It also provides you with a clear outlook on the pros and cons of using the casino.

With the massive increase of cryptocurrencies today, it is becoming harder and harder for crypto investors to independently keep track of every cryptocurrency on their crypto portfolio and that is where crypto portfolio trackers like CoinStats come in.

CoinStats allows crypto investors to manage their crypto and DeFi portfolio from one place. It eliminates the need to jump from your crypto wallet to your crypto exchange of the DeFi platform to manage your crypto holdings, transactions, and trades.

Here is a comprehensive review of how this platform works including its pros and cons.

How it works

It is no doubt that CoinStats makes it easy to track cryptocurrencies on the market thus making it a great tool for crypto investors, especially those focused on areas of Ethereum and decentralized finance (DeFi). Besides being compatible with several crypto exchanges, it also allows you to sync your MetaMask, Ledger, and any other Ethereum-compatible wallet directly with the tracker.

All you need to start using CoinStats is to register for an account. You can choose to use the free plan which offers many free features although to get the most from the platform, you can choose between CoinStats Pro and CoinStats Premium plans. CoinStats has Android and iOS apps so you don’t have to worry if you don’t have access to a desktop or personal computer; you can access your account via a mobile device.

Once you create your account and sync it with your crypto wallets and crypto exchanges, you can access several tools like transaction analytics, fast trading, and instant notifications. You also get up-to-date news which is a big plus for traders since it gives an outlook of what to expect from the market movements.

CoinStats also has its own crypto wallet called CoinStats wallets that allows to access several decentralized finance (DeFi) features including staking.

CoinStats pricing

CoinStats offers a lot of powerful features for free. However, to unlock additional features, users can choose between the two paid plans: CoinStats Pro and CoinStats Premium.

The CoinStats Pro plan starts at $3.49 per month and allows users to connect up to 10 cryptocurrency exchanges and 10 different crypto wallets. Users are also allowed to track up to 1,000 transactions per month. There is also access to coin insights including propriety reviews and analysis.

CoinStats Premium on the other hand starts at $13.99 per month and allows users to connect an unlimited number of exchanges and wallets. Users can also track up to 100,000 transactions per month. Then, in addition to market insights, users also get personal account managers to help with the crypto portfolio.

There is an additional option called CoinStats Community that allows cryptocurrency trading communities to access special packages of the features included in CoinStats Pro and CoinStats Premium accounts at a discounted rate. This could be a big plus, especially if you want to save some money.

Exchanges supported by CoinStats

CoinStats supports a lesser number of crypto exchanges compared to what its competitors like Blockfolio support. The exchanges that CoinStats currently supports include Binance, Bitfinex, BitMax, BitMEX, Bitso, Bitstamp, Bittrex, CEX.io, Coinbase, FTX (native support), Gemini, HitBTC, Huobi, IDEX, Liquid, Kraken, Kucoin, Poloniex.

CoinStats, however, supports any type of trading especially if it touches on Ethereum or Ethereum-based dApps.

Pros and Cons of CoinStats

Pros

It offers free and paid plans thus allowing you to choose what to use depending on the features you want to use.

It allows any type of crypto trading.

It has mobile apps for both Android and iOS devices which allows users to track their crypto portfolios on the go.

It supports a majority of Ethereum-based tokens and crypto wallets making it a go-to crypto portfolio tracker for those involved with altcoins.

It provides 24-hour cryptocurrency reports which are very useful for daily recaps.

Users can get discounts on paid plans (CoinStats Pro and CoinStats Premium) through the CoinStats Community.

It provides users with unrivalled data and analytics that help them to trade and correct mistakes.

It provides up-to-date alerts allowing traders to capitalize on market trends.

It allows users to stake their crypto assets through the CoinStats wallet and earn staking rewards of up to 20% APY.

Cons

The free plan does not allow access to some key features meaning you have to choose one of the paid plans to access these features.

CoinStats does not support many major BTC wallets.

CoinStats does not support many crypto exchanges compared to its competitors.

Why you should use CoinStats

If you are focused on Ethereum-based altcoins then CoinStats could be a good choice for a portfolio tracker. CoinStats has focused on the Ethereum ecosystem which has set it apart from most of its competitors who have generalized their approach.

You can basically add any Ethereum wallet to your CoinStats account and trade or invest in any ERC-20 token.

CoinStats also does not limit the types of crypto trades or investments thus providing a fair playing ground especially if you want to diversify your crypto investment. You also get some market insights including analysis to help you invest better in crypto.

Final verdict

While CoinStats is not the most popular crypto portfolio tracker, it has made a name for itself within the Ethereum ecosystem making it one of the best portfolio trackers for crypto investors focused on ERC-20 tokens.

Besides the wide variety of features and relatively affordable paid plans, CoinStats have mobile apps that allow users to track their portfolios on the go.Ethereum