The Taproot upgrade offers greater privacy of multisig transactions and unleashes the potential of smart contracts on the Bitcoin blockchain.
Author: CVJ.CH Content Partner BeInCrypto
CVJ.CH Content Partner BeInCrypto
BeInCrypto is a news website founded in August 2018 that specializes in cryptographic technology, privacy, fintech, and the Internet — among other related topics. The primary goal is to inject transparency into an industry rife with disingenuous reporting, unlabeled sponsored articles, and paid news masquerading as honest journalism.
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A group of Democratic US Senators have demanded that Facebook discontinue its pilot project for the Novi crypto wallet.
The CFTC has fined largest stablecoin issuer Tether $41 million over “misleading” claims that USDT was fully backed by the dollar.
At the Fourth G20 Finance Ministers and Central Bank Governors meeting, authorities called for more oversight on the stablecoin niche.
US whistleblower and former CIA employee Edward Snowden commented on digital central bank currencies (CBDCs) and their risks.
Recently, institutional crypto adoption has been at the centre of discussion. A growing number of public companies, major banks, hedge funds, and wealth managers race to increase their exposure to bitcoin and other digital assets. While Bank of America created a new crypto research team and enabled BTC futures trading for clients in July, Goldman Sachs teamed up with the cryptocurrency merchant bank Galaxy Digital to trade Bitcoin derivatives. BlackRock, the world’s largest asset manager, has also found digital asset futures contracts enticing. Goldman Sachs even filed an application with the United States Securities and Exchange Commission (SEC) to launch…
U.S. Federal Reserve Bank Chair Jerome Powell said that the central bank would soon release a paper on a central bank digital currency (CBDC), indicating that the U.S. government is picking up its pace with CBDC research. However, no official decision has yet been made. The U.S. Federal Reserve Bank is set to release a paper on a central bank digital currency (CBDC), according to Fed Chair Jerome Powell. The Fed Chair was speaking at a news conference, and the remarks have been much awaited as the world waits to see what the U.S. will do with respect to a…
The largest U.S. crypto exchange Coinbase has signed a 1.4 Million dollar deal with the Department of Homeland Security. The Immigration and Customs Enforcement (ICE) department of the U.S. Department of Homeland Security has paid Coinbase 1.36 million dollars for a license to use Coinbase Analytics to study American residents’ knowledge and transactions.
The Ethereum competitor and smart contract platform Solana has been experiencing an outage for over 16 hours due to a transaction overload. Developers are working to issue a restart on the network that’s supposed to provide a cheaper and faster alternative to Ethereum. The Solana blockchain is experiencing problems as a network outage has forced it to go offline. The outage has been going on for over 16 hours. The outage is an anxious moment for the high throughput network, which has performed well in 2021. The Solana team successfully restarted the network. Attack on the Solana blockchain Tweets from…
Foreign investors will be exempt from tax on their bitcoin profits in El Salvador, according to a legal adviser for the government. The South American nation is looking to encourage investment by foreign crypto holders. The government of El Salvador has said that foreign investors will be exempt from taxes on bitcoin profits. A government adviser disclosed the information, which is a development that further incentivizes entrepreneurs and investors to enter the nation. “If a person has assets in Bitcoin and makes high profits, there will be no tax. This (is done) obviously to encourage foreign investment.” – Javier Argueta,…
Ethereum scaling solutions provider Offchain Labs has launched its long-awaited Arbitrum One Portal following a massive funding round. The platform seeks to provide a cheap Layer 2 blockchain for Ethereum users, without compromising on network safety and decentralization. After much anticipation, Offchain Labs declared the highly anticipated Ethereum scaling solution live on the public mainnet. The company has been developing the optimistic rollup network over the past few years and launched a beta phase for developers in May. Arbitrum is the first true Layer 2 solution with the Ethereum Virtual Machine (EVM) compatibility at the code level and no compromise on…
Emerging markets, particularly Africa, Asia, and Eastern Europe, show substantial potential for cryptocurrency adoption, driven by Telegram.
Although the world would greatly benefit from the technology, quantum computing poses a serious threat to Bitcoin and blockchain security.
