Bitcoin

Tim Draper has led a $3.5 million seed funding round in Zest Protocol, a Bitcoin lending startup.  This move marks a significant milestone in making decentralized finance (DeFi) accessible to the Bitcoin network, with notable contributions from industry giants like Binance Labs. $3.5 Million Into Bitcoin Lending Venture Building on the Stacks blockchain, Zest Protocol aims to revolutionize Bitcoin lending. It seeks to allow BTC holders to utilize their assets in on-chain lending markets without intermediaries. The startup is leveraging…

In the wake of Bitcoin’s halving event that happened in the middle of April, a significant number of investors are still hoping that a bullish sentiment will follow in the not-distant future. This article will discuss how soon the potential bull will trigger a price gain for Bitcoin and whether it will be early enough to propel the token above the $75k mark before July. Meanwhile, an emerging crypto coin in Rollblock (RBLK) is showing strong potential to embark on…

The BRICS mission to boycott the US Dollar is gaining massive traction. India and Nigeria just expanded this mission with non-dollar funded trade deal. India and Nigeria, two major parties in the BRICS alliance have reportedly agreed to use local currencies for bilateral trade instead of the U.S. dollar. This decision has left crypto investors wondering what the outcome would be for Bitcoin (BTC), the largest digital asset. India and Nigeria Signs Trade Agreement According to reports, the two nations…

The post Zest Protocol Secured $3.5M Funding From Tim Draper for On-Chain Bitcoin Lending appeared first on Coinpedia Fintech News Zest Protocol, a pioneering Bitcoin lending startup, has successfully raised $3.5 million in funding led by renowned investor Tim Draper. This funding round, which included participation from key investors such as Binance Labs, Flow Traders, and Trust Machines, highlights a growing interest in crypto lending despite regulatory challenges from the U.S. Securities and Exchange Commission (SEC). Zest Raises $3.5M in…

In the midst of recent market turbulence and widespread speculation about the future of Bitcoin, cryptocurrency analyst and trader, Crypto Jelle has offered an optimistic outlook for BTC, affirming that the crypto asset’s bull run is far from over, indicating its potential to rally even further in the upcoming months.  The Strength Of Bitcoin Is Underestimated Crypto Jelle’s analysis delves into Bitcoin’s current consolidation and the significance of the level. Following the recently concluded fourth Bitcoin Halving event, many people…

Japanese firm Metaplanet made a significant Bitcoin purchase, representative of a growing interest in cryptocurrencies in the East Asian nations.  Metaplanet purchased ~19.87 Bitcoins, worth 200 million Yen or $1.28 million. The company now holds ~118 Bitcoins, worth ¥1.2 billion or $7.7 million. *Metaplanet purchases additional 19.87 $BTC* pic.twitter.com/RripKe9mEU — Metaplanet Inc. (@Metaplanet_JP) May 10, 2024 The trend of Japanese firms accumulating crypto assets is not only bullish for Bitcoin but also for doge-inspired meme coins, especially Dogecoin and Shiba…

Bitcoin Asia in Hong Kong had over 5,500 attendees, half of whom came from China, where the government has been cracking down on crypto for years. The organizers say the recently launched crypto ETFs were the biggest attraction, with most investors interested in learning about investing in them. Bitcoin Asia, a crypto conference held in Hong Kong on Thursday and Friday last week, attracted over 5,500 attendees, half of whom were from mainland China, where crypto has been banned for…

Crypto analyst Ali Martinez has highlighted what needs to happen for Bitcoin to climb to $76,000. If that doesn’t happen, he noted that the flagship crypto risks dropping significantly to levels not seen since the start of the year.  How Bitcoin Could Rise To $76,000 Martinez mentioned in an X (formerly Twitter) post that Bitcoin will likely rise to $76,610 if it can reclaim $64,290 as support. However, if it fails to climb above $64,290, the crypto analyst added that…

Bitcoin Cash price extended losses and traded below the $450 support. BCH is consolidating and might start a recovery wave if there is a move above $440. Bitcoin cash price started a fresh decline below the $440 support. The price is trading below $440 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $438 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could start…