The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit).
Regulators around the world are increasingly looking to domesticate crypto, bringing it within the purview of existing financial laws, norms and frameworks.
Goldman Sachs’ head of energy research says, “Just like we argue that silver is the poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve argued historically that crypto and gold do not have to cannibalize each other.”
A former CEO of Citigroup said that every major bank and securities firm will consider crypto trading or services within one to three years. He also hopes that central banks worldwide will adopt digital currencies.
The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook’s recent rebrand to Metaverse, many cryptocurrencies are jumping on the trend. Let’s take a look at some of the hottest metaverse projects to watch for in 2022.
As the digital age continues apace, central and private banks across the world are experimenting with technology to promote faster, smoother and more secure economic transactions. In the ASEAN (Association of Southeast Asian Nations) region these changes have been significantly promising.
With crypto going mainstream, there are a lot of scams popping out. While buying certain shitcoins can turn out to be a bad investment, there’s a big difference between a bad investment and an outright scam. In this article I will outline the best way you can spot a cryptocurrency scam and how to go about reporting it to authorities.
Visa’s head of crypto sees a “whole new class” of mainstream consumers entering the crypto space due to non-fungible tokens (NFTs). The executive further says: “Crypto is becoming cultural. It’s becoming cool.”