Bitcoin Taproot upgrade is now live

The Bitcoin network has received a new update since 2017, called Taproot and is backed unanimously by the investors indicating a possible up-move. This update will lead to greater privacy and efficiency. This will also eliminate middlemen in transactions through smart contracts.

Coinbase now allows users to share their crypto allocations

Rishav Mukherji, Senior product manager in Coinbase said the crypto exchange’s app now includes a feature that shares a user’s allocation percentage to the network of friends. He added that the users will be able to share more details of their trades on the platform soon.

Indian Government to take regulatory steps on Crypto

After the Prime Minister’s meeting with crypto stake holders, sources reported that the government has decided to move forward with the regulatory bill seeing the rise in money laundering, terror financing and misleadings in the crypto market. The Parliamentary Standing Committee on Finance will meet industry representatives next week to seek their views.

Bitcoin is the worst cryptocurrency for the environment: Says research

A research conducted by Forexsuggest reported that Bitcoin is the most harmful cryptocurrency. It also said that Stellar is the most suitable cryptocurrency considering the environmental impacts. According to estimates, it would take 284 million trees to neutralise the impact by Bitcoin miners.

India eyes prohibiting irresponsible crypto ads

A consensus has been reached by several stakeholders including New Delhi that irresponsible advertisements are misleading youths in the nation and must be stopped, according to the memo, which was shared with reporters after the Prime Minister’s meeting with the stakeholders.