Thursday, December 21, 2023

Bitcoin traders see $48K BTC price before ETF 'sell the news' event

https://cointelegraph.com/news/bitcoin-traders-48k-btc-price-before-etf-sell-the-news

Babylon

https://preview.redd.it/nauvowk9ip7c1.jpg?width=1920&format=pjpg&auto=webp&s=bfff8d316348fc7a636cb16aea5108ab16c6f2c9

Babylon and Agoric forge a powerful alliance: Transforming blockchain development

Babylon and Agoric are joining forces to revolutionize blockchain development, creating a future that is secure and developer-friendly. This strategic integration is designed to redefine industry standards, introducing innovative features and solutions to meet the growing needs of decentralized applications.

Bitcoin's timestamp protocol: Improving security across all chains

At the heart of this collaboration is Babylon's introduction of the Bitcoin Timestamping Protocol. This innovative feature maximizes the security of smart contracts and transactions by timestamping events from Agoric to the trusted Bitcoin network. The result is a level of security comparable to traditional Bitcoin transactions, which is a game changer for decentralized finance (DeFi) and supply chain tracking.

Trust and reliability in integrated chains

By utilizing Bitcoin's security as a timestamp server, Babylon and Agoric increase trust and reliability of timestamped data in integrated chains. This not only strengthens data integrity, but also opens up new opportunities for a wide range of applications, especially in the rapidly evolving DeFi landscape.

Efficient Stake-Bonding Messaging System

By leveraging Bitcoin's security as a timestamp server, Babylon and Agorik increase the trust and reliability of timestamped data on integrated chains. This not only strengthens data integrity, but also opens up new opportunities for a wide range of applications, especially in the rapidly evolving DeFi landscape.

Efficient member-to-member messaging

Babylon implements an efficient messaging system, reducing the time it takes to unlock bids. This not only ensures high liquidity in the ecosystem, but also facilitates smooth and fast transactions. The focus on efficiency demonstrates a commitment to creating a seamless experience for both developers and users.

Developer-centric solution: Connecting accessibility and security

The collaboration between Babylon and Agoric aims to create a developer-centric solution that meets the industry's need for fast and secure development of decentralized applications. Agoric's commitment to making blockchain development accessible, especially using JavaScript, lowers barriers for developers. With a reusable smart contract library modeled after leading JavaScript libraries, Agoric enables developers to easily implement unique blockchain solutions.


Is it possible that hedge funds like Blackrock can load bitcoin immediately upon ETF approval?

Is it possible that hedge funds like Blackrock can load bitcoin immediately upon ETF approval? Is there a rule where they can't buy until their customers buy into their funds? I imagine if a bunch of ETFs get approved at once that they aren't going to wait around for other funds to buy in unless there's some rule preventing them from buying bitcoin. If the ETFs get approved it's almost like a stamp of approval on the asset and should remove any hesitancy from investment firms to start loading up. Am I stupid or what am I missing?

I'm trying too look at the other possibilities from what others are saying about BTC ETF approval is a sell the news event because funds won't come in till months later.


New investor

Hi am new to the game and learning a lot as I go. I plan to be investing to save for a house and long-term 10/15+ years. I have maxed my FHSA for the year and started picking stocks in a TFSA along with my managed TFSA with Wealth Simple. The majority of my savings are in my managed TFSA and I have a new smaller one to learn only a small % invested. MY picks are as follows.

Cash or Cash Equivalent:
CASH (Considered a cash equivalent)

Technology/Cryptocurrency:
2. AAPL (Apple Inc.)
BTCC (Bitcoin ETF)

Consumer Goods:
4. COST (Costco Wholesale Corporation)
MCD (McDonald's Corporation)

Telecommunication:
6. BCE (BCE Inc.)
TELUS
AT&T

Finance:
9. TD (Toronto-Dominion Bank)
Energy:
CNQ (Canadian Natural Resources Limited)
ENB (Enbridge Inc.)
SU (Suncor Energy Inc.)
XOM (Exxon Mobil Corporation)
TECK.A (Teck Resources Limited)
Utilities:
FTS (Fortis Inc.)

Real Assets/Sustainable Investing:
WSRI (Whiteside Hill Sustainable Real Assets Income ETF)
Broad Market ETFs:
XEQT (iShares Core Equity ETF)

S&P 500 ETFs:
SPYI (SPDR S&P 500 ESG ETF)
SPY (SPDR S&P 500 ETF Trust)
Technology ETFs:
QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund)
Currency ETFs:
VEF (Vanguard Developed World ex North America Index ETF)
Other ETFs:
JEPQ (JPMorgan Event Driven ETF)
JEPI (JPMorgan Equity Premium Income ETF)