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Pantera Capital CEO Reveals Probable Bitcoin Price By August 2021

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Pantera Capital CEO Reveals Probable Bitcoin Price By August 2021

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Pantera Capital CEO Dan Morehead doubles down on his bitcoin prediction for 2021. The CEO believes that the market will price bitcoin way above $100,000 by August 2021. He said this on a conference call on January 12, as reported by Blockworks.

Bitcoin at $115K by August 2021

Dan Morehead, the founder, and CEO of Pantera Capital, again reinforces his stand on his previous statement that bitcoin is poised to smash through the $100K mark in less than six months from now.

Morehead first shared his opinion in early 2020 in a letter to investors after examining bitcoin’s Year-to-Date performance before the 2020 bitcoin halving. He emphasized in the letter that there was more than a 50-50 chance that bitcoin’s price blows over the roof, sending the price of the top valuable cryptocurrency, bitcoin, over $100,000 in August 2021.

Dan Morehead isn’t backing down from his prediction with a stronger conviction than ever this time in a more recent statement.

“The picture for crypto is just so strong right now,” Dan Morehead says. One of the reasons he further gave was the interest of the central banks’ adoption of cryptocurrencies with China testing a sovereign digital currency and the U.S. Federal Reserve working on a digital token.

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Additionally, Morehead believes the percentage of the unbanked will drive bitcoin’s price up.

“There are over a billion people on earth that do not have access to a bank, but do have access to a smartphone, and that’s all you need to use a cryptocurrency,” Dan Morehead said.

Again, he backs his claim up with the fact that most projects during the 2017 bull run were merely ideas. However, this bull run is driven by real working projects. Pantera Capital itself invested in the decentralized finance platform, 1inch, sometime in December 2020. The company believes DeFi will become more and more essential as cryptocurrencies continue to receive global recognition.

A lot more analysts also believe bitcoin’s price will be worth hundreds of thousands of dollars in 2021.

Morgan Creek CEO Mark Yusko believes bitcoin could trade anywhere between $400K to $500K by the end of 2022.

Binance.US CEO Catherine Coley also predicted a $100K bitcoin price value by the end of 2021.


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DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/pantera-capital-ceo-reveals-probable-bitcoin-price-by-august-2021/

Blockchain

When dollars meet the hype: The biggest NFT hits from celebrities

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Nonfungible tokens have quickly become a mainstream phenomenon, and a number of celebrities and entertainment and sporting icons are driving their popularity. The question is: Which NFT has had the most influence on this up-and-coming sector?

There is no denying that NFTs have taken the world by storm as some of the most popular digital collectibles have attracted mind-blowing price tags and led to a stampede of newcomers looking to make the most of the spotlight on the space.

While many have looked to ride the very apparent wave of success of NFTs, there are a few standout digital collectible creators that have seen their NFTs sold at auction for millions of dollars. In a short space of time, NFTs have become the new-age autograph, and the use of the technology has proliferated a variety of industries.

The world of sport has taken a fondness to NFTs as blockchain-powered digital collectibles marketplaces boom for American sports leagues such as the National Basketball Association and the National Football League. The art industry is going through a new age renaissance of sorts, evident in Beeple’s $69-million digital art piece breaking auction records and changing the way people enjoy and own art. Musicians, celebrities and content creators have also created unique NFTs that are redefining how fans and consumers acquire memorabilia, merchandise and content.

Here are some of the most influential NFTs in 2021, highlighting the creators or original owners and what those particular NFTs are now worth.

Beeple’s “Everydays”

It is only fitting that Beeple’s now-famous digital collage “Everydays: The First 5000 Days” is part of this list of notable NFTs. Its price tag alone has solidified its status as the most expensive NFT ever sold at an auction.

American digital artist Mike Winkelmann, better known by his nickname Beeple, created the digital collage, which was sold in February 2021 at renowned auction house Christie’s for a total of $69,346,250.

Beeple has been releasing a piece of digital art every single day for the past 13 and a half years, and the “Everydays: The First 5000 Days” is a collage of some 5,000 of these pieces he’s released.

The NFT’s jaw-dropping price tag was only realized in a frenzied final hour while on auction as the digital art piece saw a dramatic increase in the value of bids in the last two minutes of the auction, going up from a $20-million bid to the final bid for around $60 million. The extra $9 million was the buyer’s premium that Christie’s charges.

Jack Dorsey’s $2.9-million genesis tweet

In a weird and wonderful use-case example for NFTs, Twitter CEO Jack Dorsey successfully auctioned off the digital rights to his first-ever tweet from March 2006. The NFT tweet was eventually sold for $2.9 million in March 2021, the proceeds of which were donated to the GiveDirectly fund.

Dorsey shared a link on his Twitter profile on March 6 that took users to an online auction for his 2006 tweet, which also happened to be the first-ever made on the popular social media platform some 15 years ago.

The tweet’s auction was facilitated by the NFT platform Valuables, which allows users to mint tweets on its blockchain “creating a 1-of-1 autographed version.” People can then bid for the ownership of the autographed tweet — as explained in the Valuables FAQ. 

Dorsey’s first tweet from March 2006 reads: “just setting up my twttr.” Dorsey’s digitally autographed tweet attracted a multitude of bids, but it eventually went to Sina Estavi, the CEO of Tron-based Bridge Oracle.

Edward Snowden’s NFT

American whistleblower Edward Snowden is another notable person to have raised a large amount of money through the sale of an NFT. In 2021, he made headlines after raising $5 million through the sale of a unique piece of NFT art — with the proceeds donated to the Freedom of the Press Foundation.

The NFT art piece, titled “Stay Free,” was commissioned by Snowden to commemorate a landmark 2020 court decision ruling the United States National Security Agency’s mass surveillance violated the law. Snowden played an integral part in uncovering the violations — and the art piece comprises every page of the historic court ruling, while a silhouette of Snowden’s face is featured in the foreground of the art piece.

Snowden is perhaps one of the most widely recognizable government whistleblowers over the past decade. During his time as a former employee and subcontractor for the U.S. Central Intelligence Agency, Snowden gained access to and leaked sensitive information relating to privacy abuses carried out by the NSA.

Some seven years later, a federal appeals court ruled that the NSA’s surveillance program that collected data on Americans’ phone calls was illegal. Snowden had to seek asylum in Russia after leaking this information and has since been granted permanent residency in the country. Snowden was charged under the Espionage Act for leaking this information to the public.

Given that NFTs have surged in popularity in 2021, it is not surprising that Snowden’s “Stay Free” art piece garnered such a big price tag at auction. The NFT was snapped up by PleasrDAO, which was formed by a group of NFT art collectors.

The group posted a winning bid of 2,224.00 Ether (ETH) for the digital art piece. The final price paid for the “Stay Free” NFT is more than the annual budget of the Freedom of the Press Foundation, as Snowden noted in a tweet as bidding for the art piece heated up.

Gronk’s NFL Championship Series

NFL veteran Rob Gronkowski is arguably the most influential player from his sport to have enjoyed a successful NFT launch of digitally signed trading cards.

The Tampa Bay Buccaneers tight end entered the world of NFTs in March as he partnered with OpenSea to mint a collection of trading cards and ended up earning $1.8 million worth of ETH from the sale of the cards.

Gronkowski’s Championship Series NFTs are an homage to his four NFL titles, while the fifth and final “Career Highlight Refractor Card” was created as a tribute to those four successful campaigns. Gronkowski won three NFL titles with the New England Patriots while his fourth NFL win came alongside quarterback Tom Brady after the pair joined the Buccaneers in 2020.

The four Championship Cards featured 87 digital editions that were up for auction, while the fifth Career Highlight card was a single, stand-alone NFT.

Considering that fact, it’s unsurprising that the one-off “Career Highlight Refractor Card” netted the highest amount at auction, selling for 229 ETH valued at around $435,000 at the time. The auction lasted for two days and saw a total of 349 trading cards sold at auction as well as the one-off Career highlight card to 95 different owners. The total trading value of the auction was 1,014 ETH valued at $1.8 million on the day.

Grimes’ 20-minute, $5.8-million NFT bonanza

Last but not least, Canadian musician and visual artist Claire Elise Boucher, better known by her stage name Grimes, enjoyed an explosive NFT launch that netted $5.8 million in sales of tokenized artwork when the sale ended in March 2021.

Grimes released her first NFT collection dubbed “WarNymph,” which was created by her brother, renowned digital artist Mac Boucher. The artwork explored a fictional universe centered around a goddess stylized as an infant angel. A percentage of the proceeds from the “WarNymph” NFT sales were donated to Carbon 180, a non-governmental organization dedicated to reducing carbon emissions.

As mentioned, Grimes’ NFT art pieces were in hot demand, and copies garnered more than $5 million in sales in under 20 minutes after going live on Feb. 28. The most expensive NFT, “Death of the Old,” attracted a winning bid of $389,000.

Not just a fad it seems

As Cointelegraph previously explored, NFTs have quickly moved past the notion of being a fad, and there seems to be agreement that the space will continue to attract major investment and use in the future.

From musicians interested in breaking the boundaries of their usual releases, like the band Kings of Leon generating $2 million from its NFT album release, to a $1.8-million pair of sneakers, it is undeniable that tokenizing assets is becoming more mainstream.

Mattison Asher, who conducts research on Ethereum, NFTs and DeFi at ConsenSys, told Cointelegraph at the time that it’s hard to gauge whether the prices paid for select pieces of digital art and other NFTs will hold their value in the future, adding: “I own some NFTs, but that is because I appreciate the art and the community that was formed to create the art. Beauty is in the eye of the beholder, though, and people clearly do value Beeple’s ‘The First 5000 Days’ as evidenced by the auction.”

However, Asher contends that sales like that of “Everydays” have played a more important role in amalgamating industries that seem to have more in common than meets the eye:

“The story of crypto and Beeple are incredibly similar in nature. Both Beeple and the crypto industry as a whole have had to overcome an incredible amount of adversity in order to reach the level of success they are experiencing now. Similar to the crypto industry as a whole, Beeple has been creating digital works for years, often with little recognition.”

As Asher also highlighted, NFTs have already proven to be a highly effective medium for monetizing intellectual property, no matter what shape or form a particular NFT takes. While the five NFTs highlighted above are perhaps the most notable, there are sure to be more highly priced digital collectibles in the future.

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Source: https://cointelegraph.com/news/when-dollars-meet-the-hype-the-biggest-nft-hits-from-celebrities

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PARSIQ Integrated Into Polkadot For Smart Triggers Across the Relay Chain

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[PRESS RELEASE – Tallinn, Estonia, 11th May 2021]

PARSIQ, a platform that monitors data and automation across blockchains, bridging both on and off-chain apps and sending out user alerts once transactions are executed, now offers compatibility for smart triggers with the Polkadot Relay Chain.

A smart trigger is effectively a smart contract that is deployed into the PARSIQ ecosystem. It allows triggers from external chains to be passed to off-chain systems. It collects data across a variety of chains in real-time and then constructs an indexed composition of actions in any one chain in the process of reverse-engineering. It can validate and process a huge amount of real-time data simultaneously via its distributed data management layer by utilizing chain-specific feature extraction.

Building a Bridge

PARSIQ shares the same ideology as Polkadot, which is to bridge data across a huge network of chains, leaving all chains completely equal to one another, where each chain has its own personal real-world uses and strengths. This is a model which builds strength from numbers and enhances usability by combining the entire group of chains into one strong network.

PARSIQ, rather than being a chain itself, is the bridge between the chains and between off-chain applications too. Developers can build their own smart triggers using PARSIQ. These smart triggers react to events, plus they are able to store and alter data and also to learn from the data as they grow.

The platform, in addition to monitoring data and creating alerts, can also be used to deploy bots, as well as for areas like monitoring AML, performing automated accounting, and more. Each developer’s data stream is completely unique with its own branding retaining as well as its pricing structure, even while it is growing and learning from the entire network.

PARSIQ is now integrated across all of the major blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Solana, Celo, Dash, and Algorand, to give users a way to simplify the automation of all their processes and applications off-chain, on-chain, and even across Layer-2 chains.

About PARSIQ

PARSIQ’s smart triggers have far-reaching functionality, including monitoring transactions, assets are withdrawn from a user, sent to other users, transfers exceeding a pre-set level, and many more. Developers can use the PARSIQ platform to build their own smart triggers for data workflow automation, storage, and learning here:

https://portal.parsiq.net/signup

Examples of workflows include:

Alerts of DOT transactions as they happen

Bridging events in the Polkadot Relay Chain (as well as other chains) with a simple user interface

Monitor data flow and create advanced analytics from the data

Alerting to strong potential trades

Usage for traders, platforms, and market researchers to build strong, data-backed pictures of the markets.

About Polkadot

Created by one of Ethereum’s founders, Dr. Gavin Wood Polkadot’s goal is to take blockchains to a state closer to Web3, where all on-chain activity is shared across a variety of chains. It is an intersection capable of translating architecture into one heterogeneous language for customizing side chains to connect with public blockchains.

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Source: https://cryptopotato.com/parsiq-integrated-into-polkadot-for-smart-triggers-across-the-relay-chain/

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Blockchain

Raze Network Kicks Off Testnet Phase With UI Community Voting

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[PRESS RELEASE – Singapore, Singapore, 11th May 2021]

Raze Network, the first Polkadot-based privacy protocol, is bracing to engage community members with our first testnet. Early birds will be able to provide feedback on the quality, function, and overall experience of the Polkadot-based privacy protocol.

This huge milestone clears the way for ‘Razers’ and collaborators to easily test drive the newest features and allows plenty of maturation time for these new features to be fully tested.

Our team already started designing the user interface of the privacy protocol we promised to launch. However, we want to resort to the collective wisdom of our community on how to actually bring this to realization, thus launching this UI Community Voting Campaign.

The beta testnet marks the latest step forward in Raze Network’s overall mission to enable the broader community to contribute to the evolution of our trustless decentralized privacy protocol.

Raze Network’s applications present the decentralized finance (DeFi) community with a cross-chain middleware solution on Polkadot for concealing transactions when operating on decentralized exchanges.

With a clear vision and solid use-case, the protocol-based solution leverages the Polkadot ecosystem to offer the required privacy layer for the crypto sphere. The privateness protocol aims to guard anonymity for all the DeFi stack on the Polkadot.

To achieve higher participation during the testnet, Raze Network is organizing a number of events, competitions, and challenges to encourage participants to actively test critical components of our ecosystem. Specifically, we will airdrop 1,000 $RAZE tokens to 10 lucky voters based on how many entries they generated to vote for the best UI style.

$RAZE is set to be the lifeblood of the Raze Network, designed as a utility token to represent participation in the ecosystem.

The launch of Raze Network’s UI testnet comes on the heels of several other recent milestones, including a robust set of developer resources and partnerships that continues to expand.

Just in April, we announced the strategic listing of Raze token on the popular DeFi platform, Uniswap. This listing closely follows our completed triple IDO event on three launchpads.

Interestingly, apart from going live on DEX exchanges, $RAZE tokens will also soon be listed on several tier-1 centralized exchanges.

This networked testnet release allows Raze to continue working with our partners towards the mass adoption of decentralized applications and smart contracts.

Since its inception, Raze Network sought to develop an infrastructure that is easy to understand and smooth to navigate. One where even new users can reap the benefits of a cross-chain middleware solution for anonymous transactions, payments trading, and mining.

Although the token launch is done, the real work starts. Most recently, we have completed the development of mint, transfer, and redeem contracts in Solidity. Currently, we are testing how to deploy these contracts on EVM.

Also, the major front-end and client modules that can invoke the aforementioned contracts have been developed.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to build a second-layer decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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Source: https://cryptopotato.com/raze-network-kicks-off-testnet-phase-with-ui-community-voting/

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