Monthly Archives: November 2021

BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade

Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network. 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). The Taproot upgrade aims to improve the scripting capabilities and privacy […]

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Egyptian Billionaire Remains Bullish on Gold, Says It’s Wrong to Compare Precious Metal to Bitcoin

Egyptian billionaire Naguib Sawiris has said he remains bullish on gold and has no intention to invest in cryptocurrencies like bitcoin because such investment is a very risky business. Sawiris Says Gold Still Safe-Haven Asset In his remarks published by The National News, the billionaire reveals he believes it is wrong for people to make comparisons between gold and bitcoin. Sawiris, who is also the executive chairman of Cairo-based Orascom Investment Holding, insists gold is still the safe-haven asset. “I’m still very bullish [on gold] and it […]

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Goldman Sachs: Gold Is Becoming Poor Man’s Crypto

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.” Goldman Sachs on Gold and Bitcoin Damian Courvalin, Head of Energy Research at Goldman Sachs, talked about the outlook for gold and crypto in an interview with Bloomberg Thursday. He was […]

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Every Large Bank Will Actively Consider Crypto in 1-3 Years, Says Former Citi CEO

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. Former Citi CEO Expects All Major Banks to Embrace Crypto in 1-3 Years Indian-American banker Vikram Pandit, a former CEO of Citigroup, talked about the outlook for cryptocurrency and central bank digital currencies (CBDCs) at the Singapore Fintech Festival event last week. Pandit became the CEO of Citigroup in December 2007 and […]

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Crypto Exchange Gemini Adds Shiba Inu Support — SHIB Investors Hopeful Robinhood Will Be Next

Another major cryptocurrency exchange has added support for the meme cryptocurrency shiba inu. Gemini has begun supporting SHIB alongside a few new defi, metaverse, infrastructure, and data management tokens. Meanwhile, the petition for Robinhood to list the shiba inu crypto has garnered more than 531K signatures. Shiba Inu (SHIB) Now Supported on Gemini Cryptocurrency exchange Gemini announced its support for the meme cryptocurrency shiba inu (SHIB) Friday. The company wrote: We are delighted to announce support for shiba inu (SHIB) as well as a range of new […]

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Forget Bears: Bitcoin Takes On The Duck Curve

As the bears lick their wounds and escape to the caves for the winter, Bitcoin sinks its teeth into a new animal; the duck curve of the energy grid. FIRST LAW OF THERMODYNAMICS – The law of conservation of energy states that the total energy of an isolated system is constant; energy can be transformed from one form to another, but can be neither created nor destroyed. What fuels a bull run? Much talk has been made this month on the futures market of bitcoin, with a […]

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Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Crypto markets tag $3T combined market cap for first time At the start of this week, the combined cryptocurrency market cap broke $3 trillion for the first time. The market has fluctuated heavily this year, previously topping out at $2.62 trillion during the […]

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