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ARK Invest CEO Cathie Wood Predicts Bitcoin to Surpass $1 Million Before 2030

Bitcoin/Blockchain News/Crypto News Today

The CEO of ARK Invest, Cathie Wood, has made a bold prediction regarding Bitcoin’s future, suggesting that the cryptocurrency will reach a value of $1 million much sooner than the initially forecasted year of 2030.

In an interview with the New Zealand Herald on March 7, Wood shared her insights, citing “new expectations for institutional involvement” as a key driver behind Bitcoin’s potential price surge.

Wood emphasized that the advent of the United States’ first spot exchange-traded funds (ETFs) has marked a significant transformation for Bitcoin.

Her confidence in Bitcoin’s future has only intensified, spurred by the momentum and interest surrounding these spot ETFs.

This has led ARK Invest to reassess its stance on Bitcoin, shifting its price target ahead of the previously predicted timeline.

According to Wood, the approval of spot ETFs by the Securities and Exchange Commission (SEC) was a pivotal milestone that has accelerated the cryptocurrency’s ascent toward the $1 million mark.

Despite the enthusiasm, Wood pointed out that major financial institutions, such as Morgan Stanley, Merryl Lynch, or Bank of America, have yet to endorse Bitcoin.

However, she believes that the current price movement precedes their potential approval, suggesting that Bitcoin’s valuation could climb even higher once these platforms come on board.

Wood hinted that the revised target price for Bitcoin exceeds the $1 million mark, reflecting her optimistic outlook fueled by anticipated institutional participation, though she did not specify an exact figure.

As Bitcoin approaches new all-time highs, the market braces for a “wild week,” according to James Van Straten, a research and data analyst at CryptoSlate.

Traders and analysts anticipate continued price discovery, driven by ongoing ETF inflows.

Van Straten highlighted the critical moment if Bitcoin surpasses the $70,000 threshold before potential turbulence at Coinbase, the largest U.S. exchange.

This period is seen as crucial for determining Bitcoin’s true market value, especially after recent records saw BTC/USD trading at approximately $69,500.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Is Poor UX Still Preventing Mass Adoption of Web3 Tech?

Blockchain News/Crypto News Today/Metaverse

The promise of Web3, with its laser focus on decentralization, has redefined the global internet landscape as we know it, offering more control and security to users. However, the journey towards widespread adoption has been marred by a few significant roadblocks, with one of the major ones being the continual delivery of poor user experiences (UX).

To elaborate, a vast majority of today’s Web3 platforms, especially decentralized exchanges (DEX), offer a notoriously poor UX characterized by complex interfaces and convoluted processes that can deter even the most enthusiastic of adopters. This issue is not just a stumbling block for the non-tech-savvy but a barrier preventing the technology from reaching mainstream users, who find these platforms either exclusively usable by experts or terribly frustrating in general.

For instance, popular platforms like Uniswap (a DEX boasting of a daily trading volume of $1.2+ billion) still employ complicated operational setups, requiring clients to know the intricacies involved in connecting their software/hardware wallets, transferring assets in accordance with their relevant token standards, etc. Similar issues are also prevalent within mainstream platforms like 1inch, Curve, and PancakeSwap, all of whom offer similar limitations, thus curtailing the ease of use with which clients can utilize them.

Uniswap’s complex wallet integration interface

Web3 Needs to Adapt… Here’s Why

At the heart of the challenges outlined above is a fundamental UX-centric problem, i.e. Web3 platforms are generally designed with the technically adept in mind, neglecting the vast majority who are less so. The steep learning curve associated with blockchain technologies, combined with interfaces that seem to eschew intuitiveness for complexity, means that less-technical users are often left behind. This digital divide not only hampers user adoption but also stifles the potential for Web3 to become a universally accepted evolution of the internet.

Thus, for Web3 to truly break out of its perceived niche and appeal to a wider audience, platforms must undergo a paradigm shift in their underlying design philosophy. This means simplifying navigation, streamlining processes, and eliminating jargon that can alienate those not versed in blockchain terminology. A prime example of this evolution towards a better UX is MANTRA Finance (MF), a DEX at the forefront of bridging the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

MANTRA’s commitment to user accessibility, intuitiveness, regulatory compliance, and risk management has served as a testament to its dedication to providing users with a secure and sustainable platform. By proactively collaborating with global regulators, MANTRA has combined a user-friendly interface with various novel features, making DeFi accessible and appealing to a broader spectrum of institutional as well as retail participants.

The platform’s innovative approach is evident in its initial offerings, which include yield-bearing DeFi products and a Central Limit Order Book (CLOB) DEX. The latter isn’t merely a platform for facilitating swaps but rather a gateway for trading tokenized traditional financial products like debt, equities, and other real-world assets (RWAs). Moreover, MANTRA offers live 24/7 support for its users, allowing them to resolve any queries (technical or otherwise) in a matter of minutes.

Most recently, MANTRA announced the launch of its Chain Hongbai Testnet, marking a significant step in its mission to integrate DeFi with traditional markets and attract non-crypto native users and institutions. The Hongbai Testnet aims to attract more users and decentralized applications to MANTRA’s ecosystem, further solidifying its position as a major player in the tokenized RWA space.

Looking Ahead

Recent findings on Web3 adoption indicate an upward trend, with a study from last year revealing that an impressive 315 mainstream brands launched a total of 526 Web3 projects between the first quarter of 2022 and 2023. This research underscores the sustained enthusiasm and investment in Web3 technology, noting that 40% of these projects extended beyond a year. Moreover, the study’s authors predict a significant rise in the real-world application of Web3 technologies in the next five to six years.

Similarly, a growing forum of experts believe that as individuals continue to grasp the power of decentralization on a global scale, the Web3 market will only continue to garner more and more mainstream traction, with some projections estimating the space to become worth $177+ billion by 2033.

Therefore, as platforms continue to refine their user interfaces and make Web3 more accessible to the average person — as has been the case with MANTRA — it is reasonable to see an acceleration in adoption rates. This growth stands to not only benefit individual offerings but also contribute to the overall maturity and sustainability of the Web3 ecosystem.

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Venture Capitalist Predicts Bitcoin’s Breakthrough Moment with ETFs Paving the Way for Price Surge

Bitcoin/Blockchain News/Crypto News Today

Venture capitalist and billionaire Chamath Palihapitiya recently discussed Bitcoin’s significant progress and its imminent impact on American society.

During an episode of the All-In Podcast, Palihapitiya emphasized the importance of the approval of spot market Bitcoin exchange-traded funds (ETFs), describing it as a pivotal development for Bitcoin’s integration into mainstream financial systems.

Palihapitiya believes that Bitcoin is still in its early stages but predicts it will soon become a widespread topic of conversation.

He expressed his views by saying, “We’re going to get to a tipping point where everybody really talks about this. I still don’t think we are there yet.

I think we’re just at the beginning, but when you see the inflows into these ETFs, it’s a very big deal because it just allows every mom-and-pop individual to buy some to the extent that they want to own or they want to speculate on it, whatever it is.”

He further stated that the recent developments in the Bitcoin sphere have not only proved skeptics wrong but have also laid the groundwork for a constructive future for the cryptocurrency.

In his view, the approval of Bitcoin ETFs has opened the doors for everyday investors to participate in the cryptocurrency market, which marks a significant shift in the financial landscape.

In addition to Bitcoin, Palihapitiya pointed out that the success of Bitcoin ETFs could pave the way for the approval of ETFs for other cryptocurrencies, such as Ethereum.

He suggested that the potential approval of an Ethereum ETF follows logically from the approval of Bitcoin ETFs, highlighting a broader trend of cryptocurrencies becoming integral to the financial sector.

“So I think it’s been a very big year, and I think that psychologically it’s proven a lot of folks wrong, and it’s a setup for something really constructive,” he commented.

Highlighting the momentum of this movement, Palihapitiya concluded, “The other thing I’ll say is that it’s not just Bitcoin but as goes Bitcoin, there are a handful of other things.

“People are now speculating that there’s going to be an Ethereum ETF that gets approved as well because if you approve one, there’s probably legitimate cause to approve a few others, so these things are becoming part of the financial fabric, and I think that that should not be underestimated.”

As of the time of his comments, Bitcoin’s value stood at $69,465, indicating the cryptocurrency’s strong market performance and its growing acceptance within the financial ecosystem.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Shiba Inu (SHIB) Price Prediction – 2025 and 2030

Reviews

In this article, we explore a Shiba Inu (SHIB) price prediction for 2025 and 2030.

As the cryptocurrency market continues to evolve, many investors and enthusiasts are keenly watching the movements of meme coins, particularly Shiba Inu (SHIB). Originating as a playful counterpart to Dogecoin, SHIB has established itself as a significant player in the crypto space.

Understanding Shiba Inu (SHIB)

Before diving into predictions, it’s essential to understand what Shiba Inu is and what it represents in the broader crypto market. SHIB was created in August 2020, inspired by the Shiba Inu dog breed, similar to Dogecoin. However, it quickly moved beyond its meme origins to foster a robust community and develop its ecosystem, including decentralized exchanges and NFT projects.

Factors Influencing SHIB’s Price

Several key factors could impact SHIB’s price in the coming years:

Market Sentiment: As with any cryptocurrency, market sentiment plays a crucial role. Positive news, adoption stories, and community growth can drive prices up, while negative news can do the opposite.
Regulatory Environment: Cryptocurrency regulations are evolving. Stricter regulations could pose challenges, while crypto-friendly policies might fuel growth.
Technological Developments: Advancements within the SHIB ecosystem, such as improvements in transaction speed, security, and utility, can significantly affect its price.
Competitor Movements: The performance and adoption of competing cryptocurrencies can also influence SHIB’s market position and price.

Shiba Inu (SHIB) Price Prediction for 2025

By 2025, it’s anticipated that the cryptocurrency market will have matured, with increased adoption across various sectors. For SHIB, several developments could pave the way for its growth:

Increased Utility: Efforts to increase SHIB’s utility in real-world applications, such as payments, could enhance its value.
Community Growth: A larger, more engaged community can drive demand and, consequently, price.
Ecosystem Expansion: Continued development of the Shiba Inu ecosystem, including its decentralized finance (DeFi) offerings, could attract more users and investment.

Given these factors, predictions for SHIB in 2025 suggest a price range that could significantly exceed its current value, possibly reaching new highs if the market conditions are favorable. However, the volatile nature of cryptocurrencies means that substantial risks remain.

READ: Price Charting – Can It Make You a More Profitable Crypto Trader?

A price prediction/target of $0.0005 is likely for Shiba Inu by 2025.

Shiba Inu (SHIB) Price Prediction for 2030

Looking further ahead to 2030, the long-term potential for SHIB depends on several additional factors:

Adoption as a Currency: Widespread adoption of SHIB for transactions could solidify its position as a valuable digital currency.
Innovation in the Ecosystem: The introduction of groundbreaking features or services within the SHIB ecosystem could set it apart from competitors.
Global Cryptocurrency Adoption: The overall growth of the cryptocurrency market and integration into the global financial system will influence SHIB’s relevance and price.

Considering these aspects, the prediction for 2030 is even more speculative. Still, with sustained community support and development, SHIB could see its price reach unprecedented levels, potentially becoming one of the more stable and widely used cryptocurrencies.

A price prediction/target of $0.008 is likely for Shiba Inu by 2030, if SHIB token can maintain momentum and relevance.

Potential Challenges

Despite the optimistic outlook, several challenges could hinder SHIB’s growth:

Market Volatility: The inherent volatility of the cryptocurrency market can lead to sudden and unpredictable price changes.
Regulatory Risks: Unfavorable regulations in key markets could impact SHIB’s adoption and utility.
Technological Obsolescence: Failure to keep up with technological advancements could make SHIB less competitive.

Summary

Predicting the future of any cryptocurrency, including Shiba Inu (SHIB), involves a high degree of speculation. The potential for SHIB in 2025 and 2030 appears promising, driven by its growing community, increasing utility, and ongoing development.

However, investors should remain cautious, considering the volatility and uncertainties in the cryptocurrency market. While SHIB could achieve significant milestones by 2030, these predictions should be taken as part of a broader analysis, always considering the latest market trends and developments.

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Consensys-Backed Transak Achieves System and Organization Controls (SOC) 2 Type 2 Compliance

Blockchain News/Crypto News Today/DeFi

Transak, a leading Web3 payment onboarding infrastructure provider supported by notable entities such as Consensys, UOB of Singapore, SBI Holdings, and Sygnum, has recently marked a significant achievement by obtaining SOC 2 Type 2 compliance.

This certification comes after an extensive and rigorous audit process, underscoring Transak’s commitment to the highest standards of data security, privacy, and trust for its customers. The firm’s accomplishment sets a new precedent in the crypto space, establishing it as the first crypto on- and off-ramp infrastructure provider worldwide to meet this level of compliance.

SOC 2 Type 2 compliance is critically important for providers handling sensitive personal and financial information, necessitating adherence to the strictest global regulatory requirements to mitigate cyber risks and maintain user trust.

This certification is crucial for fostering collaborations between Web2 companies and the emerging Web3 sector. Historically, hesitation from established organizations to enter Web3 has been noted, primarily due to concerns over compliance and security standards.

However, Transak’s compliance achievement now enables partnerships with some of the largest and most stringently regulated companies across various industries, including technology, cloud services, finance, and healthcare.

This milestone not only enhances Transak’s reputation but also serves to improve the overall image of the Web3 industry as compliant and secure, encouraging other startups to follow suit. The SOC 2 Type 2 audit required a thorough examination of Transak’s technology platforms, processes, policies, and controls, ensuring they adhere to rigorous global standards for data privacy and protection.

Further bolstering its commitment to security, Transak also recently achieved ISO/IEC 27001:2022 certification, indicating the highest compliance level for information security management systems.

This, along with SOC 2 Type 2 compliance, reassures partners in both Web2 and Web3 spaces of Transak’s enterprise-grade security measures, such as 256-bit SSL encryption and advanced identity verification protocols.

Transak’s CEO, Sami Start, highlighted the significance of this compliance, reflecting the company’s dedication to safeguarding customer data. Since its inception in 2019, Transak has prioritized data security, privacy, and transparency, facilitating the smooth transition from traditional finance to digital assets. Through its API, decentralized applications can integrate Transak’s platform, enabling users in over 160 countries to buy and sell digital assets like Crypto and NFTs, while simplifying KYC, risk monitoring, and compliance processes. This achievement reinforces Transak’s position as a secure and compliant bridge to Web3, with numerous licenses and certifications across the U.S., U.K., India, Poland, and the EU.

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PEPE, SHIB and DOGE Rocket Up, Fueled by Ethereum’s Growth and ETF Speculation

Blockchain News/Crypto News Today/DeFi

Meme coins such as Pepecoin (PEPE), Shiba Inu (SHIB), and Dogecoin (DOGE) have experienced a remarkable surge of up to 26% within the last 24 hours.

This surge is attributed to the ripple effects of Bitcoin and Ethereum’s growth, particularly as Ethereum approaches the $4,000 mark, a pinnacle last reached in December 2021.

The increase in PEPE, DOGE, and SHIB’s value is seen as part of a broader trend where traders utilize meme coins as a speculative bet on the expansion of Ethereum, especially since the bullish momentum for ETH has been building since mid-January, fueled by the anticipation of a spot Exchange-Traded Fund (ETF) approval in the United States.

PEPE led the charge with a 26% increase, buoyed by renewed optimism.

Concurrently, DOGE and SHIB managed to recover from previous losses, each posting a 10% gain.

The overall meme coin sector, as monitored on CoinGecko, reported an average growth of 8.6%, outpacing the CoinDesk 20’s rise of 2.53%.

This index includes a diverse array of tokens, underscoring the broad-based interest in digital currencies beyond the traditional heavyweights.

Slater Heil, co-founder and COO of DeFi platform Blueberry Protocol, emphasized the impact of Ethereum and Bitcoin’s success on the wider cryptocurrency ecosystem, including meme coins.

Heil noted, “As bitcoin and ether rise, a spillover effect is caused where coins deployed on ethereum and solana also surge – including meme coins.”

This trend reflects investors’ eagerness to capitalize on favorable market conditions, with meme coins serving as one of the avenues for such investment.

However, Heil also cautioned about a potential shift back to altcoins with more fundamental backing in the short to medium term.

The increase in demand for ether and Ethereum ecosystem tokens, particularly among U.S. investors, has been evidenced by higher-than-average Coinbase premiums over the past week, as indicated by data from CryptoQuant.

This surge underscores a growing interest and optimism in the cryptocurrency market, driven by speculation, investor sentiment, and the anticipation of regulatory developments.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Arbitrum DAO Votes on $1.3 Million Funding to Defend Tornado Cash Developers Amid Legal Battle

Blockchain News/Crypto News Today/DeFi

The Arbitrum DAO is currently holding a vote on a proposal to allocate significant funds for the legal defense of Tornado Cash developers, Roman Storm and Alexey Pertsev.

This move, initiated by a delegate known as DK on March 7, could see the community donating up to 600,000 ARB tokens, valued around $1.3 million, in its first year to support what is described as a “robust legal defense.”

This fund also aims to cover public relations and advocacy to enhance understanding and support for privacy technologies, as well as the legal challenges developers face in the sector.

The delegate stated, “By rallying support for their legal fund, we aim to safeguard not only the future of privacy-preserving technologies but also the broader principles of innovation, decentralization, and individual sovereignty within our industry.”

The DAO has introduced a three-tiered voting system for this proposal, with funding options ranging from 200,000 to 600,000 ARB tokens.

At this point, over 80% of votes favor the highest funding tier, with voting scheduled to close on March 14.

Tornado Cash has been embroiled in controversy, accused of facilitating the laundering of over $1 billion in illicit funds, including those linked to North Korean hackers, leading to significant legal and operational challenges, including being placed on U.S. sanctions lists.

This has spurred a debate within the crypto community about the nature of decentralization and the role of developers in potentially facilitating illegal activities.

Advocates for Tornado Cash, however, argue that the platform simply provides decentralized financial services and should not be classified as a money transmitter, drawing on FinCEN guidelines that suggest anonymizing software providers are not money transmitters.

Nonetheless, Storm and Pertsev face severe legal charges in the U.S., including conspiracy to commit money laundering and sanctions violations, with potential prison sentences of up to 20 years for some charges.

This legal support initiative follows the cancellation of a GoFundMe campaign intended to raise legal funds for the developers, which was halted due to terms of service violations, highlighting the complexities and controversies surrounding the use of privacy-preserving technologies within the blockchain and cryptocurrency domains.

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Bitcoin to Surge Beyond $90,000: Bull Pennant Formation and Rising ETF Inflows Signal Imminent Rally

Bitcoin/Blockchain News/Crypto News Today

The Bitcoin market is currently teeming with optimism, projecting a potential surge toward or even beyond the $90,000 mark in the imminent weeks.

This bullish outlook is anchored in a combination of encouraging technical analyses, on-chain data, and fundamental factors.

Currently, Bitcoin (BTC) is experiencing a period of consolidation, oscillating within a triangular pattern that mirrors a bull pennant, especially after reaching a new all-time high of $69,210.

Such formations are often interpreted by traditional analysts as bullish continuation patterns, hinting at a possible price escalation akin to the height of the prior uptrend, usually accompanied by a spike in trading volume.

Given Bitcoin’s recent performance and its consolidation post-new highs, experts predict a significant breakout, targeting a price around $92,500 in the forthcoming weeks, marking a 35% increase from its current position.

The recent upturn in Bitcoin’s price is also aligned with an increase in capital inflows into United States-based exchange-traded funds (ETFs), which currently boast over $53 billion in reserves, a notable leap from $27.95 billion at their inception in January.

The surge in ETF inflows suggests a growing investor interest, likely driving demand for Bitcoin as fund managers purchase additional assets to mirror the ETF‘s indexed composition or sector.

Market analyst Timothy Peterson highlighted the positive momentum triggered by the Bitcoin Spot ETF approval, suggesting a potential climb to $100K by October 2024.

Additionally, the anticipation surrounding the upcoming Bitcoin halving event adds to the bullish sentiment.

Historically, halving events, which reduce the mining reward by half, have preceded price increases.

Analysts also draw parallels between Bitcoin’s current market dynamics and the period leading up to its November 2021 rally toward $69,000.

Market analyst Jelle notes similarities in the price action around all-time highs, indicating a potential upcoming surge akin to the last bull cycle, albeit with distinct characteristics.

Jelle elaborates, “Bitcoin is acting similar to 2020’s all-time high breakout,” describing a pattern of a failed breakout followed by consolidation and a subsequent successful surge.

If this historical pattern repeats, Bitcoin could be setting its sights on surpassing $75,000 in the near future, reinforcing the optimistic forecasts for its price trajectory.

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Breaking: BlackRock to Diversify Global Allocation Fund with Spot Bitcoin ETFs

Bitcoin/Blockchain News/Crypto News Today

BlackRock, a global asset management powerhouse, is set to diversify its Global Allocation Fund (MALOX) by acquiring spot Bitcoin exchange-traded funds (ETFs).

A recent update to its United States Securities and Exchange Commission (SEC) filing on March 7 indicates the firm’s interest in integrating physically backed Bitcoin exchange-traded products (ETPs), including its own iShares Bitcoin Trust (IBIT) and ETFs from other providers.

The statement from the filing emphasizes, “The fund may acquire shares in ETPs that seek to reflect generally the performance of the price of Bitcoin by directly holding bitcoin — ‘Bitcoin ETPs’ — including shares of a Bitcoin ETP sponsored by an affiliate of BlackRock.”

These investments will focus on Bitcoin ETPs listed on national securities exchanges, ensuring compliance with trading standards.

The BlackRock Global Allocation Fund, established in 1989, aims to yield returns through a dynamic investment approach, involving U.S. and international equities, debt, and money market securities from major corporations like Microsoft and Apple.

As of the recent update, MALOX boasts $17.8 billion in assets under management.

However, MALOX isn’t the sole BlackRock fund eyeing spot Bitcoin ETFs.

A similar intention was revealed for its Strategic Income Opportunities Fund (BSIIX) in an SEC filing dated March 4.

The firm’s venture into Bitcoin ETFs gained momentum with the launch of the iShares Bitcoin Trust on January 11, paralleled by nine other spot Bitcoin ETFs in the U.S.

Remarkably, the iShares Bitcoin Trust has shown exponential growth, with its Bitcoin holdings surging over 7,000% from 2,621 BTC at its inception to 187,531 BTC by March 7, 2024, valuing its assets at $12.6 billion.

Moreover, BlackRock is exploring the potential of a spot Ether ETF, having filed an application for the iShares Ethereum Trust in November 2023.

The financial community is closely watching to see if U.S. regulators will greenlight a spot ETH ETF in 2024, considering it took over a decade for the SEC to approve a spot Bitcoin ETF in the nation.

This move by BlackRock underscores its proactive stance in expanding its cryptocurrency offerings, reflecting a growing interest in digital asset investments within traditional financial sectors.

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