Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Bitcoin Developer Publishes Two Proposals for a Taproot Soft Fork
Bitcoin (BTC) developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork in a message to the bitcoin-dev mailing list on May 6.Taproot is a solution that aims to combine the advantages of Merkelized Abstract Syntax Tree (MAST) and the Schnorr signature scheme in order to reveal less information after a bitcoin…

Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion only hurt entities that poorly managed their treasuries, but didn't affect the underlying blockchain technology, he said. 32 Total views 3 Total shares The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken…

Boon for Bitcoin, Donald Trump as Ex-Fed Official Pushes to Tax Savers
Despite never having done so, the Fed may have no choice but to implement negative rates as soon as next week, argues Narayana Kocherlakota. 3401 Total views 42 Total shares The United States Federal Reserve could be the next central bank to take up previously unthinkable negative interest rates.That was the opinion of the ex-president…

What is a seed phrase and why is it important?
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JPMorgan Blockchain Platform Onboards 75 Multinational Banks to ‘Keep Payments In-House’
JPMorgan has expanded its blockchain payment platform to over 75 multinational banks. The goal of the participants’ combined efforts is to fight off competition from outside of the banking sector, Financial Times reports September 25.Speaking to the publication, analyst Jason Goldberg said the Interbank Information Network (IIN), under development since October 2017 on JPMorgan’s own…

Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price
Bitcoin Cash (BCH) holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10, having been surpassed by other cryptocurrencies including Litecoin (LTC) and Chainlink's LINK.BCH/BTC. Source: TradingViewAfter three years of…

Block by block: Blockchain technology is transforming the real estate market
Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry. According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands at…

Blockchain Association calls for investigation into Prometheum over alleged ‘sweetheart’ SEC deal
The group raised concerns over Prometheum's changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license. The United States-based crypto advocacy group Blockchain Association has submitted a letter to the Securities and Exchange Commission’s (SEC) Office of Inspector General calling for an investigation into crypto firm Prometheum.In…