Pantera Capital predicted bitcoin’s growth to $148,000 after the halving, and Russia has created a blockchain service for cross-border settlements during sanctions – these and other important cryptocurrency market news in our review.
The bitcoin (BTC) exchange rate could reach $35,000 before the halving, scheduled for April 20, 2024, and up to $148,000 after it, according to analysts at venture capital firm Pantera Capital. Cryptocurrency venture capital firm Pantera Capital manages $3.8 billion and launched the first cryptocurrency fund in the U.S. in 2013. “With the majority of bitcoins now in circulation, each successive halving will nearly halve the supply of new BTC. If history repeats itself, bitcoin will rise to $35,000 before the next halving, and to $148,000 afterward,” the company said in a statement.
Russian blockchain company Web3 Tech has developed a platform for cross-border payments through which payments can be made in cryptocurrency, CFA and traditional currencies, RBC reported citing the company’s statement. The platform will be used both for international settlements with partners from any countries and within Russia – between banks, state corporations, trading platforms and private companies. Web3 Tech has conducted the first pilot transactions, and the technology is already available to any operators for international correspondent relations and export-import operations, the company said.
The bankrupt crypto exchange FTX plans to sell off, send to steaking and other ways to preserve or increase the value of crypto-assets, to which the new managers managed to restore access. Galaxy Digital will help in this, and compensation to affected customers is planned to be paid in dollars, according to Coindesk.
Former US President Donald Trump’s non-fungible token (NFT) collections have surged in value following his interview with US TV host Tucker Carlson, which racked up over 110 million views within hours of its release, Coindesk reported.
US-based mining company Nodal Power has raised $13 million in an initial round of funding for a project to convert methane emitted from landfills into renewable energy, some of which is used to mine cryptocurrencies.