Author: msmark

In comments likely to resonate with crypto fans, Hayden Adams, the founder of Uniswap, a leading decentralized exchange (DEX), predicts that network fees will eventually become a background expense for users, much like server costs are today for top centralized applications running on Amazon Web Service and other platforms.   Gas Fees Is A Major Pain Point, Mass Migration To Solana, Layer-2 Platforms Taking to X, Adams envisioned a future where decentralized applications (dapps) seamlessly cover network fees on behalf of users. This approach, the inventor adds, aligns with how server costs are currently handled in the current setup, especially among operators of…

2024.03.04 2024.03.04 Euro to think twice. Forecast as of 04.03.2024Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/Haste makes waste. Central banks are in no hurry to cut the rates. The ECB will hardly announce active changes in its policy at its March meeting. Expectations for the interest rate remaining at the current levels support the EURUSD growth. Let us discuss the Forex outlook and make up a trading plan.Weekly Euro fundamental forecastIf the stock market is ruled by Greed, then the keyword for Forex is Caution. A rate cut in 2024 is a must, but the more cautious the central bank is, the better for its…

As the first quarter of 2024 ends, the crypto industry has also seen the conclusion of major events, including ETHDenver. The 2018-launched mythical event has grown as the industry matures, becoming a crucial venue for founders and community members to observe new developments across the crypto ecosystem. In addition, crypto and blockchain took center stage at the Mobile World Congress in Barcelona, Spain. The event, which took place last week, hosted over 100,000 attendees from over 200 countries and 2,700 exhibitors from different tech sectors. We sat down with Claudia Richoux, Founder and CEO of Banyan, and Sheraz Ahmed, Managing…

Ethereum has seen a price rise to $3,600, resulting in a substantial hike in gas fees amid increased network traffic. According to Etherscan, gas fees reached beyond 174 gwei by midday Monday, affecting traders with substantial costs for transactions within Ethereum’s ecosystem. The rise in fees has notably impacted various activities. For example, completing a typical NFT transaction on Ethereum (ETH) cost users over $372.29 at peak times on Monday. 24-hour chart of ETH from CoinMarketCap Similarly, Ethereum‘s token swaps and borrowing transactions experienced prohibitive costs, reaching upwards of $220 and $186, respectively. Bridging funds to another blockchain averaged over…

Tether has released a plan to safeguard its stablecoin USDT in the event that the blockchains it operates on become unresponsive. According to a new press release, Tether is making improvements to increase both blockchain resilience and user protection in a worst-case scenario type of event. Because USDT is used on so many different blockchains, Tether says a “blockchain recovery plan” is necessary if any USDT transactions are disrupted. With such a plan in place, Tether aims to avoid any user disruption and maintain USDT accessibility. “Tether is a lifeline for hundreds of millions of users across the globe. Tether is…

The Land Down Under is about to print its economic report card for the last quarter of 2023! Did it chalk up a stellar performance enough to keep the RBA hakwish? Or were there weak spots that might lead to a shift in stance? Here’s what you need to know about the upcoming release and how it may impact the Australian dollar! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More!

Bitdeer, a leading technology firm specializing in Bitcoin mining and high-performance computing, has unveiled the SEAL01, a new mining chip built on a 4-nanometer process technology. The SEAL01 chip boasts a power efficiency ratio of 18.1 J/TH, aiming to set a new standard for energy-efficient Bitcoin mining.Bitdeer has Tested Its 4nm Bitcoin Mining Chip SEAL01Bitdeer has successfully designed a Bitcoin mining chip, the SEAL01. As a world-leading technology company for blockchain and high-performance computing, Bitdeer (NASDAQ: BTDR) today introduced its first cryptocurrency mining…— Bitdeer (@BitdeerOfficial) March 4, 2024 “With the successful testing of our new mining chip, I am very…

On-chain data shows Shiba Inu (SHIB) and other memecoins in the sector have observed a sharp boost in their volumes alongside their rallies. These Memecoins Have Enjoyed 3,000% Average Volume Increase According to data from the on-chain analytics firm Santiment, the trading volume of the memecoins has shot up recently. The “trading volume” here refers to the total amount of a given cryptocurrency involved in trading activities on the various spot exchanges in the sector. When the value of this metric is high, it means that the asset in question is observing a large amount of trades right now. Such…

The price of bitcoin is inching back toward the highway for the day at $67,621 (reached earlier today). A high price just extended to $67,577. A move above that level would have traders looking toward the $69,000 level that was the all-time high level reached on November 10, 2021. The price has now extended above the October 2021 high at $67,087.During yesterday’s trade, the price moved sideways and that allowed for the 100-hour moving average (see blue line on the chart below) to catch up with the price. When the price tested the 100-hour moving average, it gave traders the…

The Cardano network is showing bullish signs, which suggest that a price surge might be on the horizon for the ADA token. Based on price predictions made by some crypto analysts, the crypto token could rise to as high as $10 when this happens.  Cardano Network Is Healthy  Crypto analyst Ali Martinez highlighted in an X (formerly Twitter) post that the Cardano network appears healthy. This is based on several metrics in which the network continues to experience significant growth. This includes the notable rise in daily active ADA addresses, transaction volume, and transactions from ADA whales.  Martinez noted that…