May 2: Build on Bitcoin?

MicroStrategy is pioneering the use of Orange, a decentralized identity framework, which may leverage Bitcoin's ordinals for inscriptions, showcasing a new application of blockchain technology for digital identity management.

Senator Cynthia Lummis has openly criticized the Department of Justice's stance on crypto wallets, advocating for greater autonomy and less stringent regulations for cryptocurrency users.

Market analysis from Glassnode indicates that Bitcoin might be experiencing a correction phase, commonly referred to as 'paper hands,' where investors sell off their holdings amid price dips.

Standard Chartered has issued a forecast suggesting that Bitcoin's price could potentially fall to $50,000, indicating possible volatility ahead.

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https://substack.com/@dcndailycryptonews

News Links 👇

https://www.youtube.com/watch?v=67eetLooEQc&t=644

https://decrypt.co/229087/orange-decentralized-identity-ordinals-inscriptions-microstrategy

https://decrypt.co/229020/bitcoin-senator-cynthia-lummis-blasts-doj-stance-crypto-wallets

https://decrypt.co/229046/bitcoin-paper-hands-correction-glassnode

https://decrypt.co/229039/bitcoin-could-fall-to-50000-standard-chartered

https://insights.glassnode.com/the-week-onchain-week-18-2024/

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!

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