The expected bull run collapses at the end of 2021 as the Bitcoin price drops. After hitting an all-time high of USD 68,600 on November 10, the price of Bitcoin plummeted to USD 46,600 on Tuesday, December 28, signifying a 32% fall.
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Pressure for Pakistan to regulate cryptocurrency market grows after a report of 221 million inhabitants that states that the Pakistanis own more cryptos than the Country’s own FIAT reserves.
Lightning Network, the second layer, is not yet fully functional to protect users privacy. An attacker will be able to discover channel balances by polling.
Almost 1400 Bitcoins in El Salvador at the end of 2021. BitGo and Bitso could be El Salvador’s BTC providers, although the Government hasn’t officially confirmed it.
A community of around 40 families in Ecuador started working with Bitcoin as their local currency. This new experiment is based on the movement called Bitcoin Beach.
The amount in Bitcoin seized by the US government this year was USD. 1.2 billion in cryptocurrencies. A spokesperson for the Justice Department says there is no database of the seized BTC.
Elon Musk is the richest man in the history of the world and Time Magazine chose Elon Musk as Person of the Year 2021. One of its most successful companies is Tesla that now accepts DOGE.
MicroStrategy bitcoin holdings increased to 120,000 BTC by buying over 7,000 bitcoins at an average price of $ 59,000. The price of bitcoin rose from $53,000 to $57,000 yesterday afternoon.
The Bitcoin Taproot update brings significant changes, adding more privacy and efficiency to the Bitcoin network. It is now possible to make more complex transactions on the Bitcoin network. Read further to know what to expect more about bitcoin and taproot privacy scalability.
The Bitcoin Taproot upgrade is in the countdown, and, as expected, it could be activated on November 13. The nodes represent the users on Bitcoin Network and protocol.
The opportunities to work with Cryptocurrencies have been growing in recent years. Despite the markets having been on a rollercoaster they’ve witnessed a tremendous increase in value, and many people have been seeking methods to profit from this.
13 years passed since Satoshi Nakamoto presented the Bitcoin WhitePaper to the world. Due to its decentralized nature, anyone can propose changes that improve the project.