Month: April 2024

Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera

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The fundraising also involved Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, Asymmetric Ventures and Dan Held, and DCF God, Thesis said Tuesday. Mezo is a “permissionless Bitcoin economic layer that leverages a neutral smart contract infrastructure” to offer a wide range of applications for users, Thesis said. It is designed to amplify the Bitcoin blockchain’s infrastructure and provide cheap and fast transactions by allowing users “to access applications that use Bitcoin for everything, enabling a thriving circular economy,” the venture firm said. Mezo will go live with…

Solana Leads in Blockchain Payments, Faces Limitations, as Stablecoin Market Expands: Bernstein

Solana is conducting pilots with Visa and Shopify, but it’s unclear whether the blockchain can break into more mainstream consumer and business-to-business payments, which would require a massive jump in scalability, the note said. “Scalability requirements for consumer payments would require 15-20 fold growth from here (Solana ~700 TPS versus 10K+ for payment networks), and general purpose blockchains are yet to cross that chasm,” the report added. Read more: Stablecoin USDC Is Making a Comeback: Coinbase Source link

Filecoin Bull Run On The Horizon? Analyst Sees 250% Surge

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Filecoin (FIL), a decentralized data storage network, has experienced a recent surge in value, grabbing the attention of cryptocurrency analysts. The price increase, coupled with bullish analyst predictions, has ignited optimism for FIL’s future. At the time of writing, FIL was trading at $8.99, down 0.8% in the last 24 hours, but managed to sustain a 1.6% increase in the last seven days, data from Coingecko shows. Source: Coingecko Filecoin Price Poised For A Rally? Technical analysis plays a crucial role in predicting cryptocurrency prices. Analysts like “World Of Charts”…

Analyst predicts Bitcoin to hit $150k by 2025, uptick in Microstrategy stock

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The Benchmark Company analyst Mark Plamer expects Bitcoin’s price to hit $150,000 by the end of 2025.  Palmer’s comments came via an April 8 investor note, in which he raised his price target for MicroStrategy (MSTR) to $1,875, almost doubling from his previous target of $990.  Palmer’s optimism about MSTR is based on the company’s Bitcoin holdings. The analyst expects the flagship cryptocurrency to hit a price of “$150,000 by 2025.” He noted that MicroStrategy’s massive Bitcoin holdings will greatly benefit from the upcoming halving event, as the supply of Bitcoin will…

Ghanaian Fintech Startup Zeepay Secures $3 Million Equity Investment

The Ghanaian fintech startup Zeepay recently secured a $3 million equity investment from the venture capital firm, Verdant Capital Hybrid Fund. Zeepay plans to use the raised funds to bolster its standing as it prepares for significant growth in 2024. Solidifying Zeepay’s Position in Africa The Ghanaian fintech startup, Zeepay, recently secured a $3 million […] Source CryptoX Portal

Metaplanet Shares Soar as Japanese Firm Adopts Bitcoin (BTC) Buying Policy

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The strategy also mimics that of Tysons Corner, Virginia-based MicroStrategy, the software developer that in 2020 said it would start building up its holdings of bitcoin. Since then, its stock price has often mirrored the fluctuations in bitcoin’s price, reflecting investor sentiment toward the cryptocurrency market. It is now the largest corporate owner of bitcoin, according to bitcointreasuries.net, holding more than 214,000 valued at more than $15 billion. Original