European Blockchain Ecosystem Needs €350 Million for the Next 18 Months | Blockchain Bitcoin News

European Blockchain Ecosystem Needs €350 Million for the Next 18 Months | Blockchain Bitcoin News

European Blockchain Ecosystem Needs €350 Million for the Next 18 Months

A study report by Leadblock Partners, an appointed representative of Sapia Partners LLP, finds an accelerating growth of the European blockchain ecosystem.

The findings of the Leadblock Partners study suggest European respondents have a funding need for €350 million for the next 18 months.

The European Enterprise Blockchain start-up ecosystem is mainly composed of early-stage start-ups at the pre-seed to series A-stages.

About 60% of surveyed start-ups are now generating revenues, and of which 33% are generating €250k of recurring revenues.

The study notes that improving performance is due to the technology recently reaching sufficient maturity. The transitioning from proof-of-concepts (PoCs) and pilot projects to production mode is cited as another factor.

Nevertheless, Leadblock says the United States still leads. The country has $2 billion worth of assets under management (AUM) compared to Europe’s $100 million.

In the report, Leadblock offers some insights as to why half of the global funding for blockchain start-ups is going to the United States.

“We found that one of the key reasons is that blockchain venture capital funds lack AUM in Europe, with US funds having raised at least 20x more capital. U.S. startups typically raise 4x more,” the report affirms.

Another key observation from the findings is the fact that “most investors are not familiar with blockchain technology.

The average investor is not familiar with blockchain technology, its applications, and its benefits.

The knowledge gap is apparent as many investors do not “differentiate between blockchain from cryptocurrencies and its associated negative perceptions.”

Despite these findings, Leadblock still believes that as investors continue to learn about blockchain concepts “we expect to see increasing investments.”

Leadblock also remarks that the blockchain “is a strategic technology that should be seized across Europe.”

A member of the French National Assembly participating in the study, Jean-Michel shared Leadblock’s sentiments on the importance of the technology.

Jean-Michel, who is keen to see greater adoption of the technology, tells interviewers of his vision for the continents’ blockchain space, which he says is evolving.

Jean-Michel wants Europe to become “a leading player in the blockchain industry and impose its own standards.”

The French politician is optimistic about the technology’s prospects. He cites the use of blockchain already “in real estate, mass distribution, food, energy and even in some political votes.”

The thriving global enterprise blockchain start-up ecosystem is growing rapidly (500+/year). The growth is fuelled by two main drivers, new start-ups created every year, and existing bank-to-bank (B2B) start-ups adding a blockchain layer to their existing software solutions.

What do you think about the European blockchain ecosystem needing €350 million? Let us know what you think in the comments below.

adoption, Blockchain, blockchain technology, Cryptocurrencies, Ecosystem, enterprise blockchain, Europe, Finance, Financial News, Investor, LeadBlock Partners, Start-Ups

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Source: www.americancryptoassociation.com


Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments | Finance Bitcoin News

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments | Finance Bitcoin News

More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops.

Since the Covid-19 outbreak, contactless payments have been trending more so than they ever were before. There are a number of traditional services that remove cash from the equation, but cryptocurrencies also provide the same ends except the means are decentralized.

This week the Austrian payment processor Salamantex announced that 2,500 merchants in the country will be able to support three different crypto assets via the system. The three supported assets include ethereum (ETH) dash (DASH) and bitcoin (BTC).

“Owners of [cryptocurrencies like] bitcoin and dash can be excited. From this summer on, they can spend their coins at more than 2,500 merchants using [the] A1 Payment service – provided the merchant has activated the feature,” Salamantex wrote.

The Salamantex team also mentioned how Austrians really like cash, but Covid-19 has changed that trend a great deal. Before the coronavirus outbreak, Austrians were extremely proud of cash and this was reflected in a large poll during the parliamentary election in late September 2019. One young Austrian woman interviewed during the poll said she liked cash because “you don’t leave a trace.”

“Although Austria is traditionally a country with a high affinity for cash, the last few months have led to a mind shift after people were called upon by the government and retailers to primarily switch to cashless payment transactions as far as possible,” the Salamantex announcement detailed. The company added:

With the integration of the Salamantex service software into the complete A1 payment package, Austrian retailers can now offer another payment option and thereby accept common cryptocurrencies.

Crypto assets have seen wider adoption in recent weeks, as news.Bitcoin.com recently reported on the Australia Post accepting bitcoin (BTC) via Bitcoin.com.au. Further, Centrapay revealed 2,000 Coca-Cola brand vending machines in Australia and New Zealand that now support BTC payments.

Salamantex COO, Markus Pejacsevich is trying to usher in the same type of crypto payment adoption in Austria.

“Our goal is to make paying with digital currencies at the checkout as easy and natural as we have been used to with credit cards for decades,” Pejacsevich said. “The acceptance of cryptocurrencies opens up new affluent customer groups and enables merchants to position themselves as pioneers in their industry.”

What do you think about the crypto payment accessibility for 2,500 Austrian merchants via Salamantex? Let us know what you think in the comments section below.

2500 merchants, A1 5Gi network, A1 payment, adoption, austria, austrian, Bitcoin (BTC), Cash, COVID-19, Crypto Adoption, ethereum (ETH) dash (DASH), Finance, Markus Pejacsevich, Salamantex

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Source: www.americancryptoassociation.com


Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments | Finance Bitcoin News

Bitcoin News Roundup for July 6, 2020

Disclosure

Source: www.coindesk.com

Author: Adam B. LevineLyllah Ledesma


Bitcoin and Cardano’s ADA – Weekly Technical Analysis – July 6th, 2020

Bitcoin and Cardano’s ADA – Weekly Technical Analysis – July 6th, 2020

Bitcoin slipped by 0.45% in the week ending 5th July. Following on from a 1.87% slide from the previous week, Bitcoin ended the week at $9,084.3

It was a bullish start to the week. Bitcoin rose to a Wednesday intraweek high $9,298.0 before hitting reverse.

Falling well short of the first major resistance level at $9,662, Bitcoin fell to a Sunday intraweek low $8,918.0.

Steering clear of the first major support level at $8,722 and the 23.6% FIB of $8,900, Bitcoin wrapped up the week at $9,080 levels.

Bitcoin’s failure to break out from the week’s pivot level at $9,258 led to 4 days in the red. A 1.51% slide on Thursday contributed to a 4th consecutive week in the red.

Bitcoin would need to move back through $9,111 pivot to bring the first major resistance level at $9,282 into play.

Support from the broader market would be needed for Bitcoin to break back through to $9,200 levels.

Barring an extended crypto rally, the first major resistance level and last week’s high $9,298 would likely cap any upside.

In the event of a breakout, Bitcoin could take a run at $9,500 levels before any pullback. The second major resistance level at $9,480 and resistance at $9,500 would limit any attempted breakout, however.

Failure to move back through the $9,111 pivot could lead to a 5th consecutive week in the red.

A pullback through to sub-$9,000 levels would bring the 23.6% FIB of $8,900 and the first major support level at $8,902 into play.

Barring an extended crypto, however, Bitcoin should steer well clear of sub-$8,500 levels. The second major support level at $8,720 should limit any downside in the week.

At the time of writing, Bitcoin was up by 0.27% to $9,108.5. A mixed start to the week saw Bitcoin fall to an early Monday low $9,075.8 before rising to a high $9,133.5

Bitcoin left the major support and resistance levels untested at the start of the week.

Cardano’s ADA rallied by 22.23% in the week ending 5th July. Following on from a 2.36% gain from the previous week, Cardano’s ADA ended the week at $0.09821.

It was a particularly bullish week for Cardano’s ADA.

Cardano’s ADA rallied from a Monday intraweek low $0.07933 to a Saturday intraweek high $0.10244.

Steering clear of the major support levels, Cardano’s ADA broke through the first major resistance level at $0.08699 and the second major resistance level at $0.09374.

Falling short of the third major resistance level at $0.10685, Cardano’s ADA slipped back to sub-$0.10 levels on Sunday.

4 days in the green, that included a 16.67% surge on Wednesday delivered the upside for the week. It was a 3rd consecutive weekly gain for Cardano’s ADA.

Cardano’s ADA would need to avoid a fall through the $0.09333 pivot to support a run at the first major resistance level at $0.10732.

Support from the broader market would be needed, however, for Cardano’s ADA to breakout from last week’s high $0.10244.

Barring another extended crypto rally, the first major resistance level and last week’s high would likely cap any upside.

In the event of another breakout, the second major resistance level at $0.01164 and 23.6% FIB of $0.1125 could come into play.

Failure to avoid a fall through the $0.09333 pivot could see Cardano’s ADA cough up gains from last week.

Source: finance.yahoo.com

Author: Bob Mason


Bitcoin News Summary – July 6, 2020 |

Bitcoin News Summary – July 6, 2020 |

Promoted post – Part of our Bitcoin Gambling series

In this article, we’ll have a look at a recently launched Crypto Casino called Fairspin, which is offering both fiat and crypto deposits and a range of games. Registration with the platform is straightforward, although I do note that they require both an email address and a phone number when registering.

Fairspin Homepage

Bonus Screen

One of the wins from my free spins

My total free bonus

The casino has a dark colour scheme, with a range of games from betting providers including Spinomenal, Microgaming, Betsoft, QucikSpin, Pragmatic Play, Playson, PGSoft, Booongo & Pragmatic Play Live.

The casino game section features a pretty solid range of tournament slots, slots, roulette, card games, video poker and then a range of live games. There was the option of a lottery, however it was blank at the time of writing.

I started off by having a look through the live casino. here it gave me three types of games, roulette, baccarat and my personal favourite blackjack. Some of them also had localised versions, with German, Russian, Macau & Turkish rooms available for Roulette.

The table I was at had a polite croupier, very high quality video and good audio, with a full table. The bets default to 10 dollars which was the minimum for the rooms available, which did catch me out on my first bet, and bonus funds aren’t eligible for play in the live casino. The betting sizes are 1, 5, 10, 20, 100 & 500 dollar bets. I played a couple of hands and unfortunately lost, so decided to move out of the live casino and give the slots a shot.

All the slots have a demo version, so you can give them a bit of a spin before committing real money. I tried a couple, crystal land is a variation more akin to a match 3 game where you spin and if the colours match, they get destroyed and you win. It also had frozen sections on the side so if you get them, it drops more and you can get combinations. There was quite a variety of games, with single line, some video-game style slots, and then a number of multi-line games. All of the games have sound, with some also featuring music, which is easy to switch on or off, and a full screen option if you want to play without distractions.

I then went into have a look at some of the roulette games. Now here I did notice some were using flash, and as I was using Brave browser (which has flash disabled) so I didn’t have the full range of games available to me. I played a couple of rounds on European roulette, and thankfully broke even or won on the games I played. So I decided then to move onto classic blackjack and played a couple of hands. I lost most of what I played, not having much luck on the night unfortunately.

Moving on from there, I remembered that I had gotten 30 free spins with my deposit, so when I went into my balance screen, it told me the game was 4 Horsemen. This autostarted, and I won a lot of the rounds, and there was bonus multiplyers on some spins, as well as additional free spins so I actually got about 42 free spins in the end instead of 30. I had no control over it though, as the spins happened automatically and at the end the bonus funds were added to my account.

So now I wanted to see how getting funds off the platform was like. I had several bonuses, one from my first deposit bonus, and the second from my free spins. You can’t withdraw without cancelling your bonus funds. Now normally I’d use them first, but as I do want to test getting funds out, I cancelled both the bonuses I had received from my first deposit and the free spins.

I chose to withdraw by ethereum, and for this it told me that the minimum withdrawal was 10 TPlay (equivalent to 0.01 ethereum) which is pretty low, so I went ahead and put in my wallet address. Once concluding the withdrawal, it said it would be processed in about 15 minutes. I did the deposit at 9:15pm and they were confirmed in my wallet by 9:53pm, so there wasn’t a major delay on this, and I was pleased with how smooth the process was. I didn’t have any KYC to do though when withdrawing, although the T&C’s say this may happen with larger withdrawals.

So all in all, summing up my experience of Fairspin casino; the casino is new so it has a solid selection of games, although maybe not the biggest range compared to more established crypto casinos, but more than enough for me to have a good session playing a range of games. Other than the few games that didn’t work because of Flash, all the games were bright, had nice graphics, pleasant audio and it was great to be able to do the demo mode on the casino games and figure out if I liked a game before betting real funds. The live casino does have a higher minimum bet than others I’ve tried, which might put some people off, but they had high quality streams and every table I played on was full with plenty of other players. Getting funds off the Fairspin casino was simple, the conversion between fiat/crypto and TPlay is clear, and getting funds off the platform was a smooth, fast experience and faster than lots of other casino’s I’ve tried.

Source: https://bitcoinsinireland.com/a-look-at-fairspin-crypto-casino/

Source: zephyrnet.com

Author: Published 1 day ago on July 6, 2020


European Blockchain Ecosystem Needs €350 Million for the Next 18 Months | Blockchain Bitcoin News


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