Bitcoin Taproot Activation To Deploy Within Days – November 8

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $65,529

Bitcoin price has shot up to the $65,530 mark to begin the week, as the total cryptocurrency market cap reaches $3 billion for the very first time.

Top-20 altcoins have mostly performed well, as Ethereum gains 3%, Avalanche rallies 15%, but Solana drops 3%..

Top Stories for November 8, 2021 πŸ”₯

πŸ‘‰ Bitcoin Taproot Activation To Deploy Within Days

The Bitcoin network will undergo a soft fork upgrade called Taproot within the next seven days – its most major upgrade since 2017.

Taproot is designed to improve the network’s smart contract capability, as well as its privacy and efficiency. The upgrade is set for deployment once a 90% consensus is achieved among miners.

πŸ‘‰ Huobi Exchange To Shift Spot Trading Services To Gibraltar

Major cryptocurrency exchange Huobi Global plans to move its spot trading services to Gibraltar, as it obtains a license from the Financial Services Commission (FSC).

The migration will include its current spot trading user base, technology infrastructure and its cloud hosting to the Gilbratar-based entity, however does not plan to shift the entire remainder of the remaining operations

πŸ‘‰ Bakkt To Launch ETH Trading, Adding To BTC Offerings

Cryptocurrency platform Bakkt has announced that it will be adding Ether to its offerings, which previously incorporated solely Bitcoin.

Bakkt enables its users to purchase and sell cryptocurrency, as well as send it between users on the platform. It also offers derivatives trading and custody services.