The EU's new crypto tax reporting directive, effective January, mandates enhanced tax data sharing among member states and sets a compliance deadline of July 1 for exchanges. This initiative, which operates alongside the Markets in Crypto-Assets (MiCA) regulation, includes the potential for asset seizure for non-compliance.
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The Senate Agriculture Committee has released a draft proposal aimed at establishing a regulatory framework for the cryptocurrency market, incorporating various suggestions from Democratic members. Key provisions include enhanced consumer protections and measures to address market manipulation. The draft emphasizes the need for clear definitions of digital assets and regulatory
Bitcoin has been underperforming compared to gold and equities, raising concerns about its stability as a store of value. This weakness has reignited fears regarding the potential impact of quantum computing on cryptocurrency security, as quantum technology could threaten the cryptographic algorithms that underpin Bitcoin. Analysts suggest that if quantum
The Ethereum Foundation has prioritized post-quantum security by forming a dedicated team to address potential threats posed by quantum computing to blockchain technology. This initiative aims to enhance the security of Ethereum's infrastructure and smart contracts against future quantum attacks. The new team will focus on researching and
On October 27, 2023, Bitcoin experienced a significant price surge, reaching a new high of $45,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, climbing to $3,200, as developers announced upcoming upgrades to enhance scalability. Meanwhile, regulatory discussions in the U.S. continued