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In Europe, online casino gambling has been growing by double-digit percentages year-over-year for more than a decade. Furthermore, experts predict the same level of growth is expected over the next few years. A lot of people are questioning, whats driving this growth.

The reality is several things have been driving people to the internet to play online casino games of chance for real cash. For instance, technological advancements have made online casinos more accessible across Europe and in countries like India. Software developers have contributed to the growth by developing bigger and better slots with more interactive bonus features. Also, news of massive jackpot winners has prompted millions of recreational gamblers to join the fray.

Setting these things aside, the advent of cryptocurrency as a viable online casino banking option has done a lot to draw younger people to online casinos.

In the early days of cryptocurrencies like Bitcoin, online casino operators were leery about accepting crypto as a viable banking option. They just didnt feel comfortable that Bitcoin was going to survive government scrutiny across Europe.

As the months and years passed, the popularity of Bitcoin as a means of exchange grew at incredible rates. About five (5) years ago, a number of top online casino operators took note of the growth. As customer inquiries about adding Bitcoin as a banking option started flowing in, some operators took action. As fast as they could, they got their software developers on the case, developing banking platforms that could accept crypto.

Still, the number of online casinos that embraced this technology was limited. A lot of operators were unwilling to spend money on the programming process because they didnt feel the demand was significant enough.

As recently as four (4) years ago, only about 5% of all licensed online casinos in Europe accepted crypto as a banking option. Of these casinos, none of them would allow gamblers to use crypto as gambling currency. Instead, they forced crypto depositors to convert to the casinos currency, which caused confusion and problems due to valuation issues. Remember, the value of most cryptos will change by the second.

Eventually, operators started seeing the light. They were able to identify ways gamblers could benefit by using crypto, something they start promoting through marketing efforts. When astute gamblers read about the potential benefits of using crypto as a banking option, they used that as motivation to start gambling online.

Today, the landscape surrounding online casino gambling and crypto as a banking option has changed significantly. The number of online casinos that accept Bitcoin if not other cryptos has risen to about 20%. Software developers have also been busy developing crypto-only casinos, and online casino games that can be played solely with crypto. Eliminating the conversion problem has proven to be a very big deal.

Since online casinos have started promoting the benefits associated with using cryptos like Bitcoin as a viable banking option, it seems prudent to discuss those benefits.

Here are four ways online casinos players can benefit by funding their accounts with crypto:

Crypto transactions are processed through blockchains. They are processed without the inclusion of personal information like name, address TIN, and phone number. The only info listed on blockchains is transaction numbers and amounts that are furnished to senders and receivers. This establishes a very high level of anonymity, something online gamblers treasure as it allows them to avoid scrutiny over their gambling activities and possible tax ramifications.

When crypto transactions are made, they result in the immediate transfer of value. Online casinos love knowing they instantly have good funds. It allows them to quickly credit gambler accounts without worry.

When it comes time to process withdrawals, they already know they have good funds from their crypto customers. It eliminates their need to hold monies during a verification process. Therefore, they are more willing to process withdrawals in minutes, something customers love.

It costs next to nothing for two parties to transact with crypto. Since online casinos need less manpower to process crypto transactions and they dont incur fees doing so, they are more apt to charge little to no fees to customers who bank with crypto.

From a no deposit bonus to free spins, casino players love getting big extra value from casinos. Given the secure nature of cryptos, casino operators have gotten to the point they want more crypto customers. That has prompted them to offer bigger bonuses to crypto customers than the bonuses being offered to customers who use other banking options.

Conclusion: Who knows where things will go in the future? However, this much is sure. The integration of online casinos and cryptocurrencies figures to continue growing for at least the next few years.

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The Rising Popularity of Cryptocurrency for Online Casino Banking - Analytics Insight

BitLux employees also physically travel to meet with the companys network operators to ensure BitLux flights operate efficiently.

Kyle Patel, executive director of BitLux, says: As far as I know we are the only people in the brokerage position that have regular structures, industry specific training on logistic handling and networking. Our guys are specifically trained on international logistics but our sweet spot is on heavy cabin international trips which is one of the big things that separates us from other companies.

BitLux suggests that the use of cryptocurrency for private jet charter ensures top tier safety and security. This includes secure, anonymous and convenient payment.

The company encountered a customer who needed to fly from the Caribbean islands to Europe and was unable to complete a bank transfer. The customer did not have a credit card that could withstand the cost and being able to make meetings was vital to his operations but he did not have a solution.

However, he had the digital cryptocurrency Bitcoin which inspired the idea that cryptocurrency could be the solution to many peoples dilemmas.

Patel says: From my position, I dont think that the use of cryptocurrency in the private jet industry is unique or philosophical.

I think that the core values of cryptocurrency align almost perfectly with private aviation in the fact of freedom, privacy, efficiency, detail and expedience. Its very difficult for anything to be wrong or impossible in the crypto space on a well-built platform.

I believe that this being raised in aviation is what aviation is about being able to provide a level of freedom, security and control over where you are at, when you are there. The concepts of crypto arent foreign or unique, they are just embodied in a name.

The company also highlights its online quoting tool which allows clients to send their requested flight details to its charter department to check availability and quotations.

Eventually, it is expected that there will be an increased presence of AI in the aviation industry. Patel suggests that AI will understand scheduling.

Patel says: Thats going to be communication between consumer and aircraft. Itll be able to understand schedules, not take the place of scheduling but understand schedules. I see this happening in the next five years. Hopefully some of our vendors and counterparts will take a step forward in the scheduling aspect.

Companies in the private jet space would be able to query their own internal systems, without having to do problem solving. They could take a number of requests that will automatically get approved through scheduling and then go through an AI supervisor for approval.

BitLux is working on consumer facing language model AI. Patel is curious about whether people will prefer working with AI or human beings on charter requests and information on upcoming flights.

Within the private aviation sector, customers are older than the typical population. There is a gap between the age group and the technology that is being used.

Ive been doing a ton of research on how these language models interpret data that isnt direct conversational language and then being able to translate that data and putting it into a readable, eloquent presentation of information.

I think theres a long way to go mostly because of regulations. I will certainly say that the last place you want to have any kind of issue or mistake is in aviation. That is not a good place for a testing ground. Closer integration with AI will come in the form of mostly language models, consistent data, analytics models and projection models for things like air traffic control, maintenance and crew scheduling.

Although there may be some who are hesitant to accept the likelihood of AIs influence on the aviation industry in the future, there are clear benefits.

However, Patel notes that it is important for regulatory agencies to be in the right place to come up with control structures to ensure accuracy of information.

The thing with aviation is that everybody, from ground crew to air traffic controllers, they need to have the most accurate and up to date information possible.

If people have reservations about utilising AI, a computer can digest, understand and regurgitate information a million times faster than humans can imagine. That is something that we can harness or it can go the other way. Someone will develop this whether we are on board or not, adds Patel.

Link:

Digitalisation: cryptocurrency, AI and private jet chartering - Airport Technology

One could say that times were a lot duller before cryptocurrencies became a thing. Bitcoin being the first crypto currency developed shifted the narrative of the financial industry, giving investors the desirable adrenaline rush when investing in an exciting new project.

There are several obstacles to tackle in the volatile cryptocurrency ecosystem, which may substantially impact operations and image. This article will contrast Bittrex Inc and PAT WARS (PAWS), offering insight into their unique approaches to solving these difficulties. By analysing their tactics, we will identify various pathways followed by organisations in the same sector.

Bittrex Inc, a well-known cryptocurrency exchange, has requested permission from the court to borrow $7 million in Bitcoin to support its bankruptcy case. This action underscores the companys troubles, stressing its financial difficulties. Despite the bankruptcy case, Bittrex Inc. continues to function, demonstrating its determination to find a way ahead. Bittrex Inc. provides a trading platform for cryptocurrencies such as Bitcoin and other Altcoins. However, the bankruptcy has undoubtedly harmed investor trust, and experienced investors may be concerned about protecting their funds on the platform. Bittrex Incs transparency and regular communication will be critical in addressing these concerns and regaining confidence among its user base.

Bittrex believes it has enough Bitcoin to reimburse remaining customers and its bankruptcy loan will help to facilitate a seamless wind-down while safeguarding consumer assets.

In the ever-changing cryptocurrency world, one decent meme coin has risen from the shadows: PAT WARS (PAWS). As the presale period begins, it becomes clear that PAWS distinguishes itself from other meme currencies in the business. PAWS adds a new level to the meme currency phenomena by emphasising community and implementing the PAT WARS DAO for communal decision-making. The core of PAWS is its close-knit community, which sets it apart from other meme currencies. While joke currencies such as Dogecoin promote community, PAWS further includes functionality via its community ideals. PAT WARS DAOs communal decision-making method guarantees that every voice is heard, allowing investors to play an active part in shaping the future of the project.

Furthermore, PAWS adds an intriguing new element to the mix with its compelling NFTs. These non-fungible tokens provide holders exclusive access to events, content, and other possibilities, resulting in a one-of-a-kind value proposition for investors. PAWS provides a strong incentive for interaction and participation within its community by combining the attraction of meme coins with the rarity and desirability of NFTs.

Transactions are safe, transparent, and immutable by exploiting the Ethereum blockchains resilience. This instils trust in investors and makes trading more accessible, providing smooth liquidity and accessibility.

To summarise, the cryptocurrency industry is a continually developing and complex world, and organisations such as Bittrex Inc and PAT WARS have developed innovative techniques to overcome these challenges.

Bittrex Incs recent bankruptcy filing and reorganisation measures illustrate the companys financial challenges. While the bankruptcy case may have harmed investor trust, Bittrex Incs will to continue operations and its commitment to openness and frequent communication are critical in recovering user trust. Bittrex Inc hopes to go ahead and recover its image by assuring the safety of client assets and resolving investor concerns.

PAT WARS focuses on community engagement and integrating novel features such as NFTs, whereas Bittrex Inc focuses on financial restructuring and regaining trust. Both organisations attempt to carve out a position in the competitive cryptocurrency market and adapt to investors ever-changing requirements.

Click here to join PAT WARS and be one with the feline Force:

Presale: https://www.patwars.com/how-to-buy

Website: https://www.patwars.com/

Twitter: https://twitter.com/PATWARSOfficial

Telegram: https://t.me/PATWARSOfficial

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

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Contrasting Strategies: Bittrex Inc's bankruptcy battle and PAT ... - Euro Weekly News

Mumu The Bull is a deflationary cryptocurrency backed by Pegasus algorithmic trading bot.

Mumu The Bull embodies the spirit of meme culture and seeks to bring joy and excitement to its community. This legendary character has been brought to life as a cryptocurrency, allowing users to embrace the power of memes and create a strong bond with their favorite digital asset. Mumu The Bull and its followers are on a quest for enlightenment and to conquer the galaxies, inviting everyone to join them on this thrilling journey as they grow into an unstoppable force.

One key element that sets Mumu The Bull apart from other cryptocurrencies is its deflationary nature. The currency is backed by the elite Pegasus algorithmic trading bot, which trades on CEX using the treasury generated by fees. Mumu The Bull rewards its holders in ARB, while some fees are allocated to buying and burning Mumu tokens. This unique feature ensures that the currency becomes increasingly scarce over time, making it a deflationary asset.

Operating on Arbitrum, Mumu The Bull takes full advantage of the platform's low gas fees and high rewards. As Ethereum gas fees continue to rise, Mumu provides a refreshing alternative, offering users a cost-effective solution for their transactions. With lucrative rewards and minimal fees, Mumu The Bull is perfectly positioned to capture the spotlight and become the next big sensation in the cryptocurrency market.

Mumu The Bull's total supply is set at 2.324 trillion tokens, mirroring the current supply of the US dollar. This deliberate choice is a testament to the creators' dedication to establishing a cryptocurrency that users can trust even more than traditional fiat currencies. Additionally, the company has implemented a 5% tax structure, with 3% allocated to the Trading Bank for the continued development of the currency and 2% dedicated to marketing and furthering its growth.

Users should join the Mumu The Bull revolution today and experience the thrill of a truly unique cryptocurrency. With its deflationary model, cutting-edge technology, and passionate community, Mumu The Bull (ticker: $MUMU) is well-positioned to leave a lasting impact. Learn more at: https://www.mumuthebull.io or join the Telegram community at: https://t.me/MumuTheBullCoin

For updates, follow Mumu The Bull on Twitter: https://twitter.com/MumuTheBull

MumuMumu The BullMumu@mumuthebull.io

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May 16, 2023, 11:31 GMT

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Worldcoin, a start-up founded by Sam Altman of OpenAI and Alex Blania in 2019, is set to launch its blockchain protocol in the next six weeks. It comes after securing nearly $100 million in funding for its cryptocurrency. The new digital currency is designed to be utilized as a revolutionary global identification system that uses iris scans to authenticate a users identity.

According to the Financial Times, the Worldcoin team has developed a plan that aims to address a two-fold problem that has arisen as a result of the increasing sophistication of artificial intelligence: distinguishing between humans and bots while providing a form of universal basic income to offset job losses caused by AI.

Based on the companys website, its approach uses an orb that employs iris biometrics to establish an individuals unique identity and create a digital World ID that can be used anonymously in a wide variety of everyday applications without revealing the users identity. The goal is to create a system that enables access to free global currency and provides a form of universal basic income.

Worldcoin has secured new funding from both new and existing investors, including Khosla Ventures, Andreessen Horowitzs crypto fund, FTX founder Sam Bankman-Fried, and internet entrepreneur Reid Hoffman. A previous token sale valued the total supply of the companys tokens at $3 billion, according to the tech-focused publication The Information.

The cryptocurrency sector has endured a difficult year, with many token prices plummeting and several crypto companies failing. The collapse of FTX, backed by venture capital fund Sequoia Capital, Chase Colemans Tiger Global Management, and Thoma Bravo, accelerated the decline in token prices and prompted many blue-chip funds to curtail their investments in the sector.

Amid these challenges, Worldcoins fundraising success is seen as a positive development for the sector.

Despite its ambitions, Worldcoin has faced criticism over the potential privacy risks posed by its biometric scanning technology. The company has addressed these concerns on its website, stating that it will not store iris scans and that the orb will not harm users eyes.

Worldcoins successful fundraising round is a positive development for the crypto sector, which has faced significant challenges in recent times. The collapse of FTX and the subsequent decline in token prices has led many investors to become wary of investing in the sector. The start-ups unique approach to addressing the challenges posed by AI, combined with its innovative use of iris scanning technology, has clearly resonated with investors.

Worldcoins $100 million funding round is a significant milestone for the company, and it is clear that the team behind the project has ambitious plans for its global currency. While there are concerns over the potential privacy risks of biometric scanning technology, its approach to addressing the challenges posed by AI is both innovative and timely.

The success of Worldcoins fundraising round is certainly a positive development for the crypto sector, and it will be interesting to see how the project develops in the coming months and years.

Giancarlo is an economist and researcher by profession. Prior to his addition to Blockzeits dynamic team, he was handling several crypto projects for both the government and private sectors as a Project Manager for a consultancy firm.

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Worldcoin Raises Close To $100M For Its Global Cryptocurrency - Blockzeit