Author: msmark

EDITOR’S NOTE: This article has been edited, specifically the second criteria for eligibility to be covered as an L2, to clarify the criteria’s originally intended meaning due to repeated misinterpretation. Bitcoin script, it seems, has been sorely underestimated. Following the release of the Ordinals protocol and BitVM white paper in 2023, conceptions are shifting about what is possible on the Bitcoin base layer, and it’s clear Bitcoin is now absorbing demand from other blockchains in the wider cryptocurrency ecosystem. Of course, developers have harbored aspirations to add additional features to Bitcoin since the earliest days of the protocol’s 15-year history. From early…

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage Spot Bitcoin ETFs (exchange-traded funds) are about to receive an ”even bigger wave” of investment inflows that may push the BTC price to as high as $200,000 this year, said Bitwise chief investment officer Matt Hougan. The first wave of Bitcoin ETF interest has come mainly from retail, hedge funds, and independent financial advisors, Hougan told CNBC in an interview on…

Dow drifts downThe index continues to edge lower, surrendering some of yesterday’s recovery from the lows.In the short-term, we may finally see a test of the still-rising 50-day simple moving average, something that has not happened since the rally began in October. Before this the price may find support at the rising trendline from mid-January.Should this see a bounce develop, then the previous highs at 39,287 come into play, and could clear the way for a test of 40,000.Dow Daily ChartSource: IG, ProRealTime – prepared by Chris BeauchampThere are three main market conditions: Trending, Ranging and Breakout. Learn how to…

BlackRock, the world’s largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the spot price of Bitcoin (BTC), will be traded on the Brazilian Commodities and Futures Exchange, known as B3. BlackRock Launches IBIT39 Bitcoin ETF In Brazil Karina Saade, president of BlackRock in Brazil, highlighted the company’s commitment to providing high-quality access vehicles to investors in the digital asset market. She stated: IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have…

A decentralized data storage altcoin surged more than 104% this week amid the rollout of a new project. AR, the native asset of Arweave, a protocol that aims to enable permanent data storage on an open and decentralized network, is trading at $27.79, up from $13.62 one week ago. AR’s gains largely materialized after Sam Williams, Arweave’s co-founder and chief executive, announced they had launched a testnet for AO, a hyperparallel computer running on the project’s network. The new computing environment aims to aid with scaling and blend the benefits of smart contract applications with traditional computing environments. Explains AO’s…

2024.03.01 2024.03.01 GBPUSD: Elliott wave analysis and forecast for 01.03.24 – 08.03.24Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/Main scenario: consider short positions from corrections below the level of 1.2699 with a target of 1.2427 – 1.2332.Alternative scenario: breakout and consolidation above the level of 1.2699 will allow the pair to continue rising to the levels of 1.2820 – 1.3000.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. The first wave of smaller degree 1 of (3) is formed on the H4 chart, and a…

Over the past decade, Coinbase has reached millions of cryptocurrency traders and expanded to become the largest crypto exchange in the US. Despite its solid reputation, Coinbase did not avert scrutiny and skepticism. It has intensified in the past two years, driven by the sharp upsurge and plunge in crypto prices in a short period. But what has become the hot topic was the sudden collapse of FTX, the former largest crypto exchange worldwide. Nonetheless, it remains an influential figure in the market. True believers regard cryptocurrencies despite not being a sure inflation hedge. Bitcoin’s inverse correlation with inflation showed…

Billionaire and known Dogecoin (DOGE) proponent Elon Musk is suing the co-founder of artificial intelligence (AI)-based altcoin Worldcoin (WLD) for alleged contract violations. In a new court filing, the business magnate is suing OpenAI chief executive Samual Altman, president Greg Brockman and the firm itself for allegedly breaching its founding agreement. In the lawsuit, Musk claims that the defendants abandoned the original purpose of the project, which was to advance AI-related technology and instead has become a subsidiary of tech giant Microsoft. “To this day, OpenAI, Inc.’s website continues to profess that its charter is to ensure that AGI (artificial…

It was a BUSY week as key data releases and additional speeches by monetary authorities inspired price adjustments for the major asset classes. Bitcoin (BTC/USD), on the other hand, didn’t need much catalyst since the OG crypto sustained an uptrend despite a lack of fresh catalysts. Missed out on the major market moves? Don’t worry, we gotchu! 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!

Join Our Telegram channel to stay up to date on breaking news coverage The Chiliz price prediction shows that CHZ is moving to the upside as any bullish cross above the $0.167 price mark is expected. Chiliz (CHZ) Chain Unveils Tokenomics 2.0: Introducing Inflation Model and Burn Mechanism Chiliz Chain unveils Tokenomics 2.0, boosting utility and ensuring blockchain sustainability with an 8.80% base rate and token burn mechanism, targeting a minimum annual yield of 5.72% APY. In a recent announcement, the Chiliz Chain, a leading sports and entertainment blockchain protocol, has introduced Tokenomics 2.0. This update, coinciding with the conclusion…