DeFI News by Thebittimes.Com

Digital assets-focused investment firms Pantera Capital and Jump Crypto reportedly helped a new palm-scanning blockchain project reach a more than $1 billion valuation. According to a new report by Reuters, the decentralized identity project Humanity Protocol has raised its fully diluted valuation to $1.1 billion after closing a $20 million funding round led by Pantera and Jump. The project aims to develop a network that uses palm scans to verify that online accounts belong to real people. Says Terence Kwok, founder of Humanity Protocol, “The protocol allows people to prove they are human without revealing personal details. This helps solve problems like bots, fake accounts and online fraud.” Kwok also says he expects the project to issue a token soon with “final preparations underway to ensure a smooth launch.” The company says the funding will help their project scale up. “The funding will accelerate Humanity Protocol’s de...

What do the billionaires and experts forecast for Bitcoin price in 2024 and beyond? Dive into the predict ions that might shape the crypto space in the coming years. As we approach the much-anticipated Bitcoin (BTC) halving next year, a time when the crypto market tends to make its best impression of a roller coaster, some well-known figures are offering their insights on where the Bitcoin price may be headed in the coming years. These forecasts originate from individuals who appear confident in their ability to predict financial trends. Figures such as Cathie Wood, Robert Kiyosaki, and other experienced cryptocurrency experts openly express their often unconventional visions for the future of digital currencies. So, let’s unwind the most bizarre Bitcoin forecasts for 2024 and beyond. Cathie Wood : $1 million by 2030 Cathie Wood and her team at ARK Invest are making waves with some eye-catching forecasts. According to Cathie, Bitcoin might be gearing up for a significant leap, ...

BTC Price To Hit $148k Post Bitcoin Halving? Pantera emphasizes the historical trend of increased demand leading up to halving events, driven by the anticipation of price hikes. Notably, the first halving reduced the new Bitcoin supply by 17% and had a profound impact on both supply and price. However, subsequent halvings’ influence on price might diminish due to diminishing reductions in new supply. advertisement With the next halving scheduled for April 20, 2024, Pantera’s Analysis suggests a possible price trajectory. If history replicates itself, Bitcoin could see a rise to $35k before the halving and a staggering leap to $148k post-halving. The concept of diminishing impact on price due to successive halvings is depicted in Pantera’s Analysis of supply reductions. Bitcoin price is trading at $26,353.86, at the time of writing. The Bitcoin halving, a pre-programmed event that reduces block rewards every four years, has historically been li...

Paul Veradittakit of Pantera Capital believes now could be a good time for new entrepreneurs to enter the crypto space. Despite depressed crypto prices and recent company collapses, one of the key investors behind crypto hedge fund Pantera Capital believes there’s never been a better time to start a blockchain company.  As part of a Jan. 23 post about the year ahead from a number of executives at Pantera Capital, Paul Veradittakit, General Partner at Pantera Capital explained that "On average," people working in the crypto space are more educated and passionate about crypto than in previous cycles. Strong start to the year! https://t.co/gFe5fUM0gT — paul.nft (@veradittakit) January 23, 2023 Overall, he said, "we are seeing a higher percentage of start ups coming to market with strong teams — entrepreneurs coming out of established crypto start ups like Coinbase, larger tech companies like Facebook, Uber, and Square, and legacy financial institutions like J.P. Morgan...