Bitcoin Could Hit $115K by August, Pantera’s Morehead Writes
“Bitcoin is now ahead of our April 2020 forecast schedule – to hit $115K this summer,” wrote Dan Morehead, CEO and co-chief investment officer at Pantera Capital, a blockchain hedge fund, in an emailed newsletter.
The Pantera prediction is based on the stock-to-flow model – an analytical framework that values an asset’s price based on its annual issuance schedule. The model measures the scarcity of bitcoin (BTC), which is governed by the underlying network programming coded into the blockchain’s design when it was launched 12 years ago.
Under that plan, the number of new bitcoin created with each new data block every 10 minutes or so gets cut in half roughly every four years. In theory, according to the stock-to-flow model, the bitcoin price should rise as the issuance rate declines.
Morehead’s predictions carry weight partly because of his prior Wall Street experience: Before founding Pantera in 2003, he served as head of macro trading for the hedge fund Tiger Management, and before that he worked as a trader at Deutsche Bank and Goldman Sachs.
Lynk Announces Launch on Arbitrum to Bolster its Decentralized Network
Lynk, the SocialFi platform leveraging the power of its community and users to accelerate the development of the Web3 economy, has been making waves in the space with its latest announcement on its launch and development on Arbitrum. With a vision to create the largest user-owned community of brilliant minds building the next iteration of the Internet, Lynk seeks to provide a platform that empowers and supports everyone – developers, entrepreneurs, and users within the space with the tools and resources they need to succeed in a Web3 world….03/01/2023
Survey: 1 in 4 Senior Executives in Uruguay Have Used Cryptocurrencies
A survey made in Uruguay across different business sectors revealed that 24% of the 49 senior executives (1 in 4) from companies in the country claimed to have used cryptocurrencies at any point in their lives. Senior Executives in Uruguay Reveal Their Level of Knowledge on Cryptocurrencies According to the consulting firm Price Waterhouse Cooper, the survey was conducted to measure the knowledge on crypto assets among senior executives from the sectors of banking and finance, technology, public services, industrial products, and public administration in Uruguay. The results revealed that 76%…12/14/2020
Sorare will launch on PancakeSwap at 12:00 UTC on May 19th, 2021
According to the latest official news, sorare community, a $50 million NFT platform for digital football, will release its token sorare and launch pancakeswap at 12:00 UTC on May 19th, 2021. According to the community, the government has been contacted to plan the follow-up application of the token. In addition, five members of a football club have been invited to live the interaction. Contract address: 0x5463f3cb2839cb46e6df6e9bb4386688e5b3eda twitter：@SorarePR Telegram：t.me/Sorare_ ExclusiveUncategorized 05/17/2021
The world’s first decentralized mining power financial service platform DMEX is coming online
We believe in ourselves, therefore we gaze at the stars and shoot for it. The world needs lionhearts like us to innovate and to discover! Compares to traditional mining, cloud computing based mining lowers the barriers to entry for investors. Hence it became one of the most sought-after investments at present. Globally there are over 50 cloud based mining platforms. Together they account for more than 80% of the cloud mining market. Multiple cryptocurrency exchanges, wallets and media communities have entered this market. In the same manner, the sale and transfer of mining power…12/15/2020
HyperVerse and Genaro Network Establish a Strategic Cooperation for Decentralized Cloud Storage
According to official news, HyperVerse announced that it had reached a strategic cooperation with Genaro Network, an encrypted storage public chain platform. Through this cooperation, both parties will work together to establish metaverse WEB3.0. In the construction of metaverse, decentralized blockchain cloud storage is an integral part of it. Genaro Network will provide HyperVerse with decentralized encrypted storage service, and furnish users with efficient and safe storage of massive data. In terms of data security, it is able to protect user data from being lost, and guarantee that the ownership…01/21/2022
TTI LABS will soon be launched on the Firecoin eco-chain with unlimited potential
In the history of human development, innovation is eternal. Behind them, there must be the cooperation and integration of countless people’s ideas. In December, 20 years ago, the official announcement was made on the Firecoin global website, to help developers build decentralized applications flexibly and efficiently, Firecoin announced the official launch of the Huobi ECO Chain (“Heco” for short). With the market value of Bitcoin surpassing $1 trillion, many institutions and ecosystems are running to enter, and various tracks are still starting a war that cannot be seen. TTI LABS,…02/26/2021
Web 3.0 Metaverse Payment Network PAY DAO: Launches Community Donations and Opens to Everyone
The Metaverse economic system will usher in major changes: PAY DAO, the world’s first Web 3.0 decentralized payment network on the Metaverse platform, announced that it will launch a community donation program on its official website on August 16 and open it to everyone. What is community giving? Community donation is a relatively innovative and attractive way to issue tokens, which allows fair and equitable distribution of tokens to the community. Compared with traditional fundraising methods, community donations better reflect the free will and ownership of the community. Anyone…08/15/2022
Emperor blue ecological public chain, to create the third world super intelligent city 2.0 pioneer
With the continuous progress of society, the continuous development of science and technology, the continuous improvement of people’s living standards, the continuous diversification of demand, the global intelligent construction is imperative. According to the data, there are thousands of smart cities in the world. The market size is expected to be 700 billion US dollars in 2023. In order to promote the rapid development of intelligent city, the perfect use of block chain technology and unique characteristics, Di Lan chain came into being. DiLan Chain —— Building Distributed Bottom Data…02/19/2021
A new type of online job opportunity has spread through the whole Kenya under the COVID-19 lockdown. Join to increase your revenue streams!
Life has been being consistently limited from the global Covid-19 lockdown, while social isolation has also brought thrives on the short-form social video platforms, such as TikTok and Instagram. And in this situation, influencer marketing incorporating social media is a new phenomenon within the industry. For example, some non-celebrity social media influencers can pull in millions of dollars each year from brand partnerships and sponsorships. No wonder that, it illustrates perfectly how big a fan community of a Social Media Influencer and how successful Social Media Influencer can nowadays become….02/28/2021
METASUMERU participated in the NFT GAMEFI Metaverse 2022 Annual Summit
The NFT, gamefi, metaverse summit, jointly organized by AC Capital, CoinVoice, Asia Token Fund & Block Tides, will be held on May 1 at Cove Manila, the largest indoor beach club in the Philippine Capital Region, and will be the biggest metaverse-themed summit ever held in Southeast Asia. Over 1,000 attendees are expected to be on hand to participate in the various themed sessions. METASUMERU is happy to join AFKDAO, Arcus Game, BabyShark BubbleFong Friends, CoinEx, Covenant Child, Crypto.com Capital, Gala Games, Kaloscope, Magnus Capital, Mecha Morphing and more…05/17/2022