Why Bitcoin's Taproot Upgrade Matters - CoinDesk - CoinDesk

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Dogecoin has risen 130-fold this year, for a market capitalization of about $80 billion, on par with France's largest bank.

Despite Marathon's efforts, transactions from a dark web market still made it into the block.

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Nathaniel Whittemore, host of CoinDesk’s “Breakdown” podcast, and Coin Center’s Neeraj Agrawal, make the case that if you’re going to try to understand how money is being reimagined in the new era, you need to go beyond the technology and the market dynamics to address the confusing cacophony of memes that drive the narratives around crypto.

Brazil's largest crypto exchange, Mercado Bitcoin, has already traded $5 billion in the first quarter of 2021 alone compared to $1.2 billion in all of 2020.

In this week's "Money Reimagined," Sheila Warren and Michael Casey address the confusing mixture of memes that drive the narratives around crypto.

The country is rushing to regulate the crypto market after two local crypto exchanges went offline in April.

The opportunity could be substantial for an already fast-growing crypto industry with a current market capitalization currently around $2.3 trillion.

"Reaching $1 billion in only three weeks speaks to the enormous market demand for bitcoin," said Fred Pye, CEO of 3iQ

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