Fun

Paris Blockchain Week recap: Optimism abounded as the Bitcoin halving approaches

News Feed - 2024-04-13 02:04:53

Tristan Greene6 hours agoParis Blockchain Week recap: Optimism abounded as the Bitcoin halving approachesFrom Tim Draper"s $250K BTC prediction to Ubisoft’s newest web3 game, Paris Blockchain Week didn’t disappoint.2095 Total views5 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksParis Blockchain Week, a three-day insider event featuring panels, discussions, and presentations from a diverse group of global industry leaders, has now concluded its fifth annual gathering.


Cointelegraph was on site to capture the highlights, and there were plenty. As we turn the page in our calendars and begin preparing for the next big event — the Bitcoin halving predicted to occur on or about April 20 — here’s a recap of what you missed in France at Blockchain Week.BTC to hit $250K?


Venture capitalist and Tim Draper, whose list of unicorn investments includes such noteworthy companies as Tesla, Baidu, Coinbase, and Twitch, believes Bitcoin could thrash its current all-time-high price of around $72K per coin by the end of the year.


“If I had to predict, maybe we could see $250,000 by the end of the year; I mean, it’s looking pretty good,” Draper told Cointelegraph in an interview.Crypto market to hit $100T?


If Draper’s cool quarter-million prediction for BTC isn’t bombastic enough, eToro CEO Yoni Assia told Cointelegraph they believed the global cryptocurrency market would reach a capitalization of $100 trillion over the next decade. For comparison, gold, the precious metal, has a global market cap of about $16.18 trillion as of the time of this article’s publication.


But that might not be the most interesting prediction Assia gave us. They also told us that “the crypto community will be the first to identify singularity,” a hypothetical point in future human history where an artificial intelligence (AI) entity becomes effectively more capable (or intelligent) than any human, “because it’s very hard to define what consciousness is.”Binance turns the page


Many companies wouldn’t face having to pay a $4.3 billion settlement to the U.S. government with optimism and aplomb, but Binance has moved on.


According to Binance executive Catherine Chen, the company is looking forward to the challenges it faces in the wake of the settlement. During a panel discussion moderated by Cointelegraph’s editor-at-large Kristina Cornèr, Chen said the monitoring restrictions placed on the company would ultimately prove to be a net positive for the industry:“It is a challenge, but it’s a welcome challenge, and we fully embrace it because we know that that would be great for the market.”Chen on stage at Paris Blockchain Week discussing Binance’s settlement. Source: Paris Blockchain WeekETF inflows uneven


Around 90% of Bitcoin ETF inflows are still retail according to Jan van Eck, CEO of American investment management firm VanEck. The traditional banking and institutional investment sectors have, so far, been seemingly reluctant to dive into the BTC ETF market.Jan van Eck on stage at Paris Blockchain Week. Source: Gareth Jenkinson


“You’ve had some Bitcoin whales, and some other institutions move some assets in, but they were already exposed to Bitcoin,” van Eck told Cointelegraph, adding that the end of April might see some further inclusion by non-traditional investors.Dubai to ease burdens for small investors


Matthew White, CEO of Dubai"s Virtual Asset Regulatory Authority (VARA) told Cointelegraph that the new system, if implemented, would place the bulk of the regulatory financial burdens on the largest players:“The cost of compliance is borne by the larger systemic players, and this allows the smaller players to come into the ecosystem, be regulated, but also not have to suffer the same sort of level of costs of compliance that we’ve got.”VARA CEO Matthew White discussing regulations at the Paris Blockchain Week stage. Source: Paris Blockchain WeekUbisoft teases new game


AAA gaming giant Ubisoft, the publisher behind Assassin’s Creed, Ghost Recon, Rainbow Six, and numerous other gaming franchises, took the stage to discuss its newest web3 title, a blockchain-based competitive PVP turn-based role-playing game called “Champions Tactics.”


“We must understand the market and how we launch this kind of game,” he said. “That’s really what we want to achieve here. We want to give the players the power to populate the game with figurines and understand what it means to own your gaming assets.”


Ultimately, Paris Blockchain Week turned out to be another optimistic gathering of like-minded entrepreneurs and professionals highlighting the challenges, opportunities, and triumphs in our industry.# Bitcoin# Blockchain# Cryptocurrencies# Cointelegraph# Business# Bitcoin Price# Cryptocurrency Exchange# Tim Draper# AI# Games# Bitcoin Halving# eToro# DeFi# Blockchain Game# Web3# NFT# GamingAdd reaction

News Feed

Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat
Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China"s Dominant Position as Hash Rate Leader Under Threat The ongoing global shortage of chips that
Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers
Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian cou
There’s 30 Doge-Like Tokens Today — New Daddy Doge Jumps 57% This Week, Promises To Be First in Space
There’s 30 Doge-Like Tokens Today — New Daddy Doge Jumps 57% This Week, Promises To Be First in Space Following the hype surrounding dogecoin, shiba inu, and
El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin
El Salvador"s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz.
North Carolina’s CBDC ban bill heads to governor’s desk
Jesse Coghlan7 hours agoNorth Carolina’s CBDC ban bill heads to governor’s deskNorth Carolina Governor Roy Cooper will now either sign or veto the law that bars the state’s government from accepting a Federal Reser
Permissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin Cash
Permissionless Software Foundation Aims to Foster Open-Source Software With Bitcoin CashJust recently, Bitcoin Cash proponents were introduced to a new foundation called the “
Bitcoin, Ethereum Technical Analysis: BTC Nears $25,000, Whilst ETH Hits $1,700
Bitcoin, Ethereum Technical Analysis: BTC Nears $25,000, Whilst ETH Hits $1,700 Bitcoin moved significantly higher on Feb. 16, as the world’s largest cryptocurrency hit its
Kim Dotcom’s Planned Token Sale Is Off, Says Bitfinex
Bitfinex and a blockchain project launched by Kim Dotcom have “mutually agreed” to part ways, scuppering a planned initial exchange offering (IEO) for the controversial internet entrepreneur.
Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations
Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrenc
Analyst eyes Ether 'major push' to $3.5K amid traders betting on upswing
Ciaran Lyons1 hour agoAnalyst eyes Ether "major push" to $3.5K amid traders betting on upswingA crypto analyst says Ether could make a "major push" to $3,500 if it holds a $2,800 weekly close. Meanwhile, future
Solana Struggles To Break $160 Resistance As Top Analyst Predicts A Coming Surge
Este artículo también está disponible en español. Solana (SOL) has been experiencing significant volatility and choppy price action since Monday, testing a crucial supply
Crypto Exchange Bitrue Suffers $23 Million Hack
Crypto Exchange Bitrue Suffers $23 Million Hack Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The tradi