Author: NBTC
Standard Chartered projects Bitcoin could soar to $150,000 by year-end, driven by ETF growth and institutional investment. The post Bitcoin on track to hit $150,000 by year-end and $200,000 by end of 2025: Standard Chartered appeared first on Crypto Briefing. Standard Chartered’s head of digital assets research estimates that the ETF inflows could spike to between $50 billion and $100 billion. Despite widespread caution from analysts predicting a post-halving slump, Geoff Kendrick, head of digital assets research at Standard Chartered, is doubling down on his optimistic outlook, saying Bitcoin could reach $150,000 by year-end and $200,000 by the end of…
Having recently reflected on the development of the crypto markets since the 2021 bull run, I’ve also been pondering trends in the broader Web3 sector and the scale of change we’ve seen in just three short years. As 2021’s biggest headline-grabbers, NFTs are a case in point. Even as crypto prices soared in early March, NFT NFT markets were dogged by liquidations, with prices slumping as much as 30% for some once-popular collections. While the format still offers plenty of opportunities for utility, market hype simply hasn’t carried through to 2024. Instead, crypto’s wildest speculators have turned their attention to…
Lagrange Labs, a cryptography startup specializing in zero-knowledge (ZK) proofs, has raised $13.2 million in a seed funding round led by Peter Thiel’s Founders Fund. The startup is based on Ethereum’s EigenLayer restaking platform and is aimed at providing decentralized applications with efficient and secure access to otherwise resource-intensive onchain computing power. Lagrange’s flagship product comes in the form of a zero-knowledge “coprover,” slated for release later this month. According to the press materials, the coprover is operates as an offchain network of specialized nodes that could execute intensive computations and generate ZK proofs based on the results. Such a…
Amid the launch of automated market maker (AMM) functionality on the XRP Ledger (XRPL), Hugo Philion, co-founder of Flare Network, has pointed out its potential utility for the proposed FAssets system. In a recent post on X, Philion expressed satisfaction that AMM capabilities are now available on the XRP Ledger. “I am particularly glad that there is now an AMM on XRPL,” Philion remarked. The factor behind his delight is the AMM’s potential usefulness for the Flare Network’s FAssets system. I, for one, am particularly glad that there is now an AMM on XRPL. It will be useful for FXRP…
The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies. JUST IN: 🇺🇸 US President Joe Biden Administration says Biden would veto legislation that would allow highly regulated financial firms to custody #Bitcoin and crypto. pic.twitter.com/aXx8aq1m0Z — Bitcoin Magazine (@BitcoinMagazine) May 8, 2024 “The Administration strongly opposes passage of H.J. Res. 109, which would disrupt the Securities and Exchange Commission’s (SEC) work to protect investors in crypto-asset markets and to safeguard the broader financial system,” The…
In a significant move towards enriching the user experience in the rapidly expanding Web3 space, Coin98 has announced the integration of Zora Network into its latest offerings. Zora Network, a Layer 2 scaling solution built on Ethereum, promises to revolutionize the landscape of blockchain technology, particularly in the realm of non-fungible tokens (NFTs). Unveiled in June 2023, Zora Network has quickly garnered attention for its innovative approach to addressing the limitations of traditional blockchain infrastructure. Developed by Zora, the network boasts compatibility with the Ethereum Virtual Machine (EVM) and prioritizes speed, cost-efficiency, and scalability. However, what truly sets Zora apart…
Anthony Scaramucci, founder of SkyBridge Capital, has taken to his X/Twitter account to publish a post about Bitcoin. He has stressed the importance of owning this leading digital currency now, after recent major developments. He stated that holding Bitcoin is not a question of courage anymore, but it is a “question of brains” now. It took guts to own #Bitcoin before now. From here out it’s a question of brains. — Anthony Scaramucci (@Scaramucci) April 24, 2024 Scaramucci is likely emphasizing the fact that not only the spot ETFs have created an additional demand for BTC but also the halving…
Robinhood (HOOD) saw first quarter notional crypto trading volume of $36 billion, up 224% from year-ago levels. That led to a 232% increase in crypto-related a revenue to $126 million, a primary factor, said the company, in driving overall first quarter transaction-based revenue up 59% year-over-year to $329 million. Robinhood had $26.2 billion in user’s crypto in custody as of March 31, a 78% jump from the end of 2023. The larger transaction revenue due to crypto trading isn’t surprising as another publicly traded crypto peer, Coinbase (COIN), also reported “blowout” first quarter numbers due to improving crypto market conditions.…
X’s (formerly Twitter) AI, Grok, has opened up new possibilities for cryptocurrency enthusiasts. With a nod towards enhancing user financial interactions, Grok suggested that users can engage in Dogecoin (DOGE) transactions directly through the platform. This notion hints at X’s leap into the cryptocurrency market, placing Dogecoin alongside traditional payment methods. Grok Suggests Dogecoin Payments on X (Twitter) When asked, “Can I send or receive DOGE on X?,” the mobile version of Grok said the process is remarkably straightforward for those looking to engage in DOGE transactions. According to X’s generative AI, users wishing to send Dogecoin must first ensure…
Last month’s FCC vote to restore net neutrality rules is a welcome example of forward-looking, innovation-friendly regulation. Rules aimed at ensuring an open internet are a model for the kind of regulation that champions innovation in the digital era and exemplifies core American values. Other regulators would do well to take note. Opponents of net neutrality like to argue that rules guaranteeing equal access aren’t necessary (go back and watch John Oliver’s reports for an excellent refresher). They claim the old rules were perfectly suited for oversight of the modern internet, even though those rules were written for old-school telephone…