Norm MacDonald to host High Stakes Poker


On Monday, GSN announced that Norm MacDonald will replace Gabe Kaplan as the host of High Stakes Poker for its seventh season. MacDonald, a Canadian actor, writer, and stand-up comic known best for his five seasons on SNL, is an avid poker player. He placed 20th out of 827 contenders in the 2007 World Series of Poker $3,000 No Limit Texas Hold ‘em event, winning $14,608. MacDonald is a regular participant at the WSOP Main Event.
Funnyman MacDonald will be taking over from longtime host Gabe Kaplan. Kaplan, a highly successful poker player, is known for his poker knowledge and ability to deconstruct hands for viewers. While MacDonald may not possess the same analytical aptitude, he will bring humor and an edge to the show’s commentary, in a move by GSN to appeal to a broader audience.
The player lineup will also see a shift. The show will feature an appearance of Johnny Chan, only his second on the show, alongside returning greats Doyle Brunson, Daniel Negreanu, and Phil Laak. Due to sponsorship conflicts, notable absences will include Phil Ivey, Tom Dwan, and Patrik Antonius.
High Stakes Poker Season Seven will have a $200k minimum buy-in, $500k maximum buy-in, with blinds remaining at $400/$800 and $100 antes. GSN stated in their press release that, “Straddles were frequent and often multiple. Several players were felted, so rebuys and add-ons were prevalent.” Season Seven will premier on February 26.
The filming of Season 7 of GSN’s High Stakes Poker has begun. This season is sure to bring more exciting cash game action as familiar and new faces join the cast of players this season.
High Stakes Poker is GSN’s wildly popular cash-game crypto gambling show. The show, now sponsored by PokerStars is in its seventh season and is as popular as ever. Usually filmed at The Golden Nugget in downtown Las Vegas, this season is being filmed at The Bellagio on the Las Vegas Strip. Fans of the show love it because of the crazy action the show has, including a $919,000 pot between Tom Dwan and Barry Greenstein.
While an official list of this season’s players has not been released, fans of the show are finding other ways to identify who will be surrounding the felt this season. Andrew “good2cu” Robl’s twitter read “On set for high stakes poker. Going to be quite a season!” Haralabos “Haralabob” Voulgaris made a twitter post yesterday stating “On my way to Las Vegas to play in GSN’s High Stakes Poker. Haven’t played live poker since July, should be fun.” Others with twitter posts about playing on the show were: Barry Greenstein, WSOP 2010 Main Event winner Jonathan Duhamel, Doyle Brunson, Antonio Esfandiari, Phil Laak, Jason Mercier and Phil Galfond, who’s twitter post simply said “HSP!”
As we reported earlier, the most noticeable names missing from the list are Tom Dwan, Phil Ivey and other Team Full Tilt members. Barry Greenstein, a PokerStars Team Pro member, reported…

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Crypto Gambling

BTCC Joins OKCoin to Resume Bitcoin Withdrawals in China; Crypto GamblingTrading Volumes Up


The months-long bitcoin withdrawal freeze in China is coming to an end, as major exchange BTCC resumes bitcoin withdrawals.

The new month brings with it reports of another prominent exchange lifting its withdrawal freeze. BTCChina has stated that it has begun “testing” bitcoins this week. In joining OKCoin, that’s two of the ‘big three’ Chinese exchanges resuming withdrawals following regulatory scrutiny by the People’s Bank of China (PBOC).

China’s central bank began investigating trading and business practices of regional exchanges that drove what was then the world’s largest bitcoin trading market. It was nearly six months ago on January 6 when PBoC officials met with BTCC and followed it up with “on-site checks” of China’s biggest exchanges.

For its part, BTCC claimed it “regularly meets with the PBOC” to work in accordance of laws and regulations while adhering to “strict AML/KYC policies”. It wasn’t long before the financial regulator’s tightening squeeze was felt in the Chinese bitcoin ecosystem. Exchanges stopped margin trading completely and enforced trading fees in January alone.

Come February, OKCoin and Huobi paused bitcoin withdrawals, a temporary measure that was expected to last a month at the time. BTCC followed suit and halted withdrawals a week later. The freeze continued through March, with BTCC stating that withdrawals would only resume after regulatory approval.

In mid-May, CCN reported that the months-long PBOC’s inspection of exchanges was coming to an end. Withdrawals were to be expected in June, with rumors of ‘punitive’ penalties to be imposed on bitcoin exchanges. Details of the punishments, if any, are currently unknown.

Prominent Chinese cryptocurrency news source cnLedger confirmed BTCC resuming withdrawals.

The impact on Chinese markets has been telling. Having accounted for 10% of the world’s bitcoin trading early on Wednesday, news of OKCoin allowing withdrawals spurred investor activity to nearly 20% of the world’s trading volumes on the day.

On Thursday, following BTCC’s announcement, trading in Chinese markets is now at nearly 25% of the global market over a 24-hour period.

OKCoin, traditionally one of the world’s largest bitcoin exchanges by trading volume is now making a comeback, as is BTCC.

It’s likely to be only a matter of time before Huobi, the other ‘big three’ Chinese exchange, follows suit.

Bitcoin Could Top $100,000 in 10 Years, Says Previously Accurate Analyst

An analyst who, in late 2016, correctly predicted that bitcoin prices would trump $2,000 this year has now forecasted bitcoin price to hit beyond $100,000 in 10 years.

As CCN reported in early December 2016, a “2017 Outrageous Predictions” report by Saxo Bank – a Danish investment and trading institution – made a number of forecasts about stocks, monetary reserves, commodities and banks around the world. In that report, analyst Kay Van-Petersen also called bitcoin to be punching above $2,000 under a Trump administration. On May 21st, bitcoin price struck $2,000 and went on to hit an all-time high above $2,750.

Now, Van-Petersen, who describes himself a skeptic of central banks (the Fed, Bank of Japan and the ECB in particular) and a ‘Bitcoin newbie’, Crypto Gambling sees more bullish gains for bitcoin over the next decade.

In conversation with CNBC, the analyst sees prices topping $100,000 in ten years and explains the reasons behind his prediction.

Firstly, Van-Petersen sees cryptocurrencies growing tremendously in the global trading market in the coming years. Enough for all cryptocurrencies to equal 10% of the average daily volumes of global fiat currency trading, in 10 years.

“This is not a fad, cryptocurrencies are here to say,” Van-Petersen told the publication.

The average daily volumes of foreign exchange trading scales over $5 trillion in the present day. With this as the scale, Van-Petersen sees cryptocurrencies reaching 10% of that figure, or $500 billion in daily trading, in ten years. If bitcoin – conservatively – totals 35% of the cryptocurrency market share (it currently stands at 45%), daily bitcoin trading volumes would reach $175 billion.

The analyst also sees bitcoin’s market cap to be 10x that of its average daily trading volume in ten years, which would see the cryptocurrency reach a market cap of $1.75 trillion. Divide that figure by an estimated potential 17 million bitcoins in supply in 10 years and each mined bitcoin in circulation would be worth over $100,000.

Van-Petersen sees bitcoin as one of two or three main cryptocurrencies that will dominate in the coming years. “And the reason is the first-mover advantage, the scale and the pioneering,” he added.

While the analyst’s prediction is undoubtedly bullish – it represents a 4500% rise from current bitcoin prices – it pales in comparison to that of PayPal director and bitcoin executive Wences Casares. A week ago, Casares, an early tech entrepreneur who is now chief executive at bitcoin wallet Xapo, predicted bitcoin to hit $1 million over the next 5-10 years.


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