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Taproot is live on Bitcoin mainnet

Last Sunday, the first bitcoin upgrade in four years has just gone live.

The Taproot update means greater transaction privacy and efficiency — and crucially, it will unlock the potential for smart contracts, due to a combination of P2SH, Schnorr Signatures and a MAST-structure for signing transactions.

Unlike the SegWit…

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Bitcoin price sets new all-time high after U.S. inflation rates

U.S. consumer prices rose last month at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge.

The consumer price index increased 6.2% from October 2020, according to Labor Department data released Wednesday. The CPI rose…

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ETF-mania for Valkyrie: withdrawed and delayed filings

Valkyrie officially withdrawed its 1.25x Bitcoin futures ETF. At the same time, their proposal for a “physical” Bitcoin ETF had been delayed till the first week of January, according to documents from the SEC.

The asset manager filed their proposal to become the first company to offer a spot market…

Apart from the recent increase of the bitcoin price, there are other interesting long term trends going on.

One of them is the Weekly Moving Average (WMA) in combination with the surging price. Especially the 200 week moving average looks good.

According to the popular Dutch analist PlanB the price…

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China-FUD leads to blocked Bitcoin-websites

Last week, Bitcoin faced FUD again: China published documents in which it stated their point regarding the cryptomarket. Although it seemed to be nothing new, some Chinese companies are changing their policies regarding Bitcoin.

Three most popular crypto market data sites have now become inaccessible for users based in mainland…

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