in 2017. Taproot was a reminder that Bitcoin is a technology that can change in order to improve usability and user experience. Taproot’s success in the future will stand as a demonstration that Bitcoin can adapt.With ether’s superior asset price performance compared with bitcoin, it’s no surprise that bitcoin dominance, the measure of BTC market capitalization compared with the market capitalization of all digital assets, fell during 2021 from 70.2% to 40.1%.
Inside the world of institutions and regulation, capital poured into blockchain and crypto companies. According to data from Blockdata, $23 billion of funding reached these companies in 2021, which is more than the total amount raised from 2017 to 2020. We even saw a $1 billion capital raise in December for crypto financial services firm NYDIG, and crypto exchange FTX raised more than $1 billion across two funding rounds.
The word “crypto” even echoed in the halls of Congress as a $1 trillion infrastructure bill was held up in part due to a crypto tax-reporting provision. Regulators’ involvement in and discussion of crypto is indicative of the widespread belief that crypto is here to stay and therefore should be regulated to “keep citizens safe.”
Overall, 2021 was an extraordinary year for the cryptocurrency and blockchain industry. Read the full reportThe leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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CambridgeAltFin I see Bitcoin slowly becoming a substitute currency for banks. Playing same role as gold did in the early days. Replacing the fiat currency. You should Follow Crypta0 he knows his stuff when it comes to $BTC and other Cryptos, his tweet has been of help to me in the space.
CambridgeAltFin Check details bar graphs for hashrate by nations in EHS and percent 1/4 EHS: Jan - Apr 2021
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CambridgeAltFin It’s still their hashrate, they just moved their miners across a couple borders.
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CambridgeAltFin China successfully banned itself from the new technology. Well played... 🤦♂️🤦♂️
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CambridgeAltFin Points are - There are still hashrates from China. It's not completely 0 like CBEC shows - Hashrates from China mainland might return after the nation resolve their energy crisis - Generally, it's good to see more decentralization of hashrate, at least geographically.
CambridgeAltFin I agree as Bitcoin has just started to inhale and exhale to start to flex 💪🏽 and fully stretch its legs.
CambridgeAltFin When a news that is not about bitcoin or china?
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CambridgeAltFin You mean West-Taiwan?
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CambridgeAltFin Is this suggesting that mainland China now has 0% of the hashrate?
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