ChainCatcher message, Coinbase announced that platform users can now send Bitcoin to Taproot addresses, providing users with more on-chain destination options and further expanding the flexibility and privacy of Bitcoin transactions.Taproot addresses are a new type of address format introduced to the Bitcoin network after the Taproot upgrade in 2021, aimed at enhancing the privacy, efficiency, and scalability of transactions.

ChainCatcher news, according to Cointelegraph, Lightning Labs CEO Elizabeth Stark revealed the latest developments of the Bitcoin development company at the London Crypto and Digital Assets Summit live-streamed by the Financial Times. She stated that the Taproot Assets protocol under Lightning Labs is building functionality to bring stablecoins and tokenized assets to Bitcoin.According to Stark, developers have made significant progress toward this goal and have ultimately tested transactions on Lightning. She added that traditionally, these digital assets have operated on other blockchains but have been plagued by high fees and other issues. She believes that the Bitcoin network may be best suited to facilitate the use of stablecoins because it "is the most secure and decentralized" blockchain.

ChainCatcher news, the Bitcoin L2 project Taproot Chain has officially launched its mainnet cross-chain functionality.Previously, the Bitcoin L2 project Taproot Chain completed a new round of financing worth millions of dollars, led by Negentropy Capital.

ChainCatcher news, Bitcoin Layer 2 project Taprootchain announced that the security company Slow Mist has completed the code audit of the Taproot Chain cross-chain bridge module smart contract. The audit report shows that after fixing a risk vulnerability and adopting 6 improvement suggestions, Slow Mist provided a low-risk audit opinion.Previously, Taprootchain announced that the mainnet was launched on March 28, and the first whitelist airdrop event has successfully concluded. The cross-chain functionality will soon be activated, and whitelist users can claim their whitelist qualifications on the official website once it is open.

ChainCatcher news, the Bitcoin Layer2 network TaprootChain will officially launch its mainnet on March 28, followed by the activation of cross-chain functionality on March 29, and the launch of a points activity on March 30.

ChainCatcher news, Taproot Labs announced that it has received a joint strategic investment from Waterdrip Capital, Satoshi Lab, and Negentropy Capital.It is reported that Taproot Labs focuses on developing Bitcoin application layer Layer2 and a multi-chain asset trading platform based on the Lightning Network Taproot Assets Protocol. Currently, it has launched two product lines: Taproot Chain and Taproot Exchange. Taproot Labs will provide stable, high-speed, and secure application layer solutions for the BTC ecosystem.

ChainCatcher news, the Bitcoin ordinal project Taproot Wizards has postponed the minting of its "Quantum Cats" series for the second time after halting the sales process on Monday due to ongoing technical issues. Whitelist minting will resume at 1:00 AM Beijing time on February 2, lasting for five hours. Taproot Wizards raised $7.5 million in November 2023, with a focus on the rapidly growing Ordinals protocol inscription space, commonly known as "NFTs on Bitcoin."

ChainCatcher news, the Bitcoin NFT series "Quantum Cats" launched by Taproot Wizards encountered technical issues during its initial sale, leading to a postponement of the sale.The sale was planned to offer about 3,000 digital cats, aimed at paying tribute to the Bitcoin Improvement Proposal OP_CAT, and was set to begin a two-hour "whitelist" window at 1 AM Beijing time on January 30. However, due to the encountered issues, the sale was forced to be postponed as the server could not handle the immense demand.The Quantum Cats series is priced at 0.1 BTC ($4,300), which means that if each cat is sold, it could raise up to 300 BTC ($12.9 million).

ChainCatcher news, Bitcoin developer Rijndael announced that he will join the Bitcoin Ordinals project Taproot Wizards as CTO.Rijndael has previously focused on distributed systems, infrastructure, and applied cryptography, and has served as the technical lead for Amazon's NFT project. In recent years, he has shifted to the Bitcoin space, focusing on the development of self-custody tools for Bitkey (a new Bitcoin wallet launched by Block).

ChainCatcher news, according to TechCrunch, the Ordinals project Taproot Wizards has raised $7.5 million in a new funding round, led by Standard Crypto, with participation from Geometry, Collider Ventures, StarkWare, UTXO Management, Bitcoin Frontier Fund, Masterkey, and Newman Capital. The new funds will be used to rebuild Bitcoin's "Wizard Village."Taproot Wizards is an Ordinals project focused on Bitcoin, inspired by the original Bitcoin Wizards Reddit memo from ten years ago.

ChainCatcher message, the Lightning Network Taproot Assets ecosystem Nostr Assets announced via tweet that the Taproot Assets mainnet is now live on Nostr Asset.Additionally, Nostr Assets announced that the first Taproot Assets token airdrop will be themed around Halloween. If you have participated in recent Nostr activities, you may have a qualifying Nostr address.However, it is important to emphasize that these tokens are intended solely for testing, trial, or entertainment purposes and do not possess intrinsic value; they should not be regarded as financial instruments or investments.To prevent risky behavior, some restrictions have been put in place during the current phase.It is reported that Nostr Assets is an open-source protocol that brings Taproot assets and Satoshis (the unit of Bitcoin) into the Nostr ecosystem. Once assets are introduced, users can send and receive them using their Nostr public and private keys at the Nostr protocol layer. The settlement and security of the assets still rely on the Lightning Network, and the Nostr assets protocol itself does not issue assets but merely brings them into Nostr through the protocol.

ChainCatcher message, in response to Twitter user "Coinicarus" stating that Bitcoin Ordinals NFT trading volume has dropped by 98% since May, Bitcoin supporter Eric Wall replied, acknowledging that Ordinals is a huge failure and is willing to offer double refunds to everyone who purchased the Taproot Wizards project, allowing them to keep the jpeg (no need to return the NFT), and has opened DMs.It is reported that Eric Wall is one of the initiators of Taproot Wizards, which was launched in February this year and is a wizard-themed Ordinals project.