Crypto news updates: Infrastructure bill to be signed, bitcoin Taproot upgrade – CNBC

Now, on Monday afternoon, bitcoin is trading at around $64,143, according to Coin Metrics, and ether at around $4,611, as of 12:56 p.m. For about 310 users, name, date of birth and ZIP code were exposed. The San Francisco-based fintech start-up will offer trading in cryptocurrencies such as bitcoin, Ethereum, litecoin, ethereum classic, bitcoin cash […]

Bitcoin’s biggest upgrade in four years just happened – here’s what changes – CNBC

In practice, that means greater privacy, because your keys won’t have as much exposure on the chain. These souped-up signatures are also a game changer for smart contracts, which are self-executing agreements that live on the blockchain. Currently, smart contracts can be created both on bitcoin’s core protocol layer and on the Lightning Network, a […]

A major upgrade to bitcoin is happening soon—here’s what investors should know – CNBC

Taproot will introduce what’s called Schnorr signatures, which will help bitcoin transactions become more private, efficient and less expensive. Though some experts believe that Taproot will have a minimal impact on bitcoin’s price, it’s important that investors understand the effects of the upgrade. They’re essential in powering decentralized finance, or DeFi, applications and nonfungible tokens, […]

Kevin O’Leary says his crypto holdings today are ‘almost at 10%’: How he decides which to invest

“I’ve grown the portfolio remarkably,” O’Leary, chairman of O’Shares ETFs, said. “Some people think the game is over and Ethereum is it, but I don’t agree. “We’re seeing a rush where there’s a lot of different blockchains that are competing,” Cuban said on a recent episode of the Next with Novo podcast. …Read the full story

Gold, bitcoin lead gains in inflation hedges following biggest CPI jump in 3 decades – CNBC

The price of bitcoin rose 1% and hit a record high on Wednesday morning, trading near $68,000. High inflation readings can lead investors to seek out alternative investments that may hold up better than cash or bonds, which often pay out a fixed amount. Federal Reserve officials and many economists argued earlier in the year […]

Cash in, fraud out: Criminals target bitcoin ATMs as crypto popularity surges – CNBC

The machines, mostly located in convenience stores and owned by private companies, allow customers to easily buy bitcoin and other cryptocurrencies using cash. More than 26,000 machines stand today, a spike from 4,212 in January 2020, according to Coin ATM Radar. “The FBI has seen an increase in scammers directing victims to use physical cryptocurrency ATMs and […]

Incoming New York mayor Eric Adams vows to take first three paychecks in bitcoin – CNBC

Start-ups, venture firms, and crypto exchanges have been relocating to the city – or at least opening additional offices. Bitcoin 2021, billed as the biggest bitcoin event in history, attracted legions of faithful fans to Miami earlier this year. New York was weighing legislation this year to ban bitcoin mining for three years so it […]