Author: msmark

The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark. This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline. Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period. Major exchanges like Binance, OKX, Bybit, and Huobi were the arenas for these…

Join Our Telegram channel to stay up to date on breaking news coverage With Bitcoin recently dropping from its peak, analysts are on the lookout for new altcoins with growth potential, especially those in the early presale stages. These tokens might appeal to environmentally conscious investors seeking alternatives to Bitcoin, particularly with the upcoming halving event. Given the volatility of the cryptocurrency market and its susceptibility to Bitcoin’s price swings, some altcoins stand out with innovative technologies and growing adoption. This article delves into the top three tokens in presale, all boasting high growth potential, and analyzes the factors positioning…

Miles Jennings, the General Counsel at a16z Crypto, one of the world’s largest venture capital firms, has launched a blistering attack on the United States Securities and Exchange Commission (SEC) and its handling of crypto regulation. Are The United States SEC Lawyers At The Enforcement Division Abusing Power? The lawyer specifically targeted the agency’s crypto enforcement division in a post on X. Not only does the General Counsel think the division has “incompetent” lawyers, but they are “complicit in the ongoing abuses of power,” especially in light of the Debt Box case. Last year, the United States SEC sued Debt…

EUR/USD News and Analysis Recommended by Richard Snow How to Trade EUR/USD ECB Officials Eye June Meeting for First Rate Cut, SNB Delivers a Surprise CutIn spite of the glaring differences between EU and US growth prospects, ECB officials maintain a cautions approach to the inevitable rate cutting cycle – eying up June as the all important meeting. Wage growth has been a major focus from governing council members in 2024 but it looks like the ECB is running out of reasons to push back on interest rate cuts.Earlier today, the Swiss National Bank delivered a surprise 25 bps cut…

The Stratum Reference Implementation (SRI) team has unveiled SRI 1.0.0, a new milestone in their journey to decentralize and optimize bitcoin mining, according to a press release sent to Bitcoin Magazine. This latest release is now available for immediate testing and seamless integration.Some key highlights of SRI 1.0.0 include:Miners can connect to SV2 pools without upgrading existing SV1 firmware through Translation Proxy or directly using an SV2 firmware device like BraiinsOS.Miners have the flexibility to run their bitcoin nodes, construct templates, and declare them to the SV2 Pool.The implementation of pool fallback functionality ensures continuity in mining activities even if a pool…

An Ethereum (ETH)-based gaming altcoin is skyrocketing after being abruptly listed by Coinbase, the top US-based crypto exchange platform by volume. In a new announcement, Coinbase says that starting on March 21st, it will be adding support for Ronin (RON), a protocol developed by play-to-earn blockchain game developer Sky Mavis, the same team that created the non-fungible token (NFT)-based game Axie Infinity (AXS). “Coinbase will add support for Ronin on the Ronin network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in the regions…

2024.03.21 2024.03.21 Dollar loses its shine. Forecast as of 21.03.2024Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/The Fed did not change its December forecasts, which satisfied financial markets. The EURUSD has returned above 1.09. Should we expect the rally to continue? Let us discuss the Forex outlook and create a trading plan.Weekly US dollar fundamental forecastInvestors were looking forward to FOMC’s updated forecast for the federal funds rate, and Jerome Powell encouraged the market’s Greed. The first-ever rises of the S&P 500 above 5200 and gold above $2200, as well as the return of EURUSD above 1.09, were provoked by Powell’s phrases that the latest inflation…

After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is printed out.  The SOPR is used to measure the profitability…

Join Our Telegram channel to stay up to date on breaking news coverage The SLERF price plunged 6% in the last 24 hours to trade at $0.8232 as of 4.20 a.m. EST on trading volume that plummeted 18% to $1.5 billion. The Solana-based meme coin has only been trading for two days after getting off to a bad start when its developer said it had accidentally burned $10 million worth of pre-sale tokens I initially tried to burn the LP using solana tools vercel and it wouldnt go through. So I went to sol incen and was clearing out the…

Smart contract platform Avalanche (AVAX) is powering a new web3-based voucher program for a Chinese digital payment platform. In a statement, Avalanche says the voucher program targets food and beverage merchants and consumers in Southeast Asia. The smart contract platform is partnering with Alipay’s merchant ordering solution, Alipay+ D-store, as well as the payment firm’s partner e-wallets. The Ethereum (ETH) competitor says consumers, particularly local milk tea buyers who complete branded minigames on partner platforms, will receive web3-enabled vouchers in their e-wallet, which they can use to pay for their purchase and get a discount. “Vouchers give users discounts of…