The European Union's new crypto tax reporting directive, effective January, enhances tax data sharing and requires exchanges across the bloc to comply by July 1. This regulation, which works in conjunction with the Markets in Crypto-Assets (MiCA) framework, 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 several suggestions from Democratic members. Key provisions include measures to enhance consumer protection and promote transparency in crypto transactions. The draft seeks to clarify the roles of various regulatory bodies,
Bitcoin's recent underperformance compared to gold and equities has reignited concerns about the potential impact of quantum computing on cryptocurrency security. Analysts are highlighting that advancements in quantum technology could threaten the cryptographic foundations that secure Bitcoin and other digital assets. As investors weigh the risks, some are
The Ethereum Foundation has prioritized post-quantum security by forming a dedicated team to address potential vulnerabilities posed by quantum computing. This initiative aims to enhance the security of the Ethereum network against future threats as quantum technology advances. The new team will focus on researching and implementing cryptographic solutions that
A Bitwise executive suggests that the recent surge in silver prices mirrors the dynamics of a crypto altcoin season, where alternative cryptocurrencies gain traction alongside Bitcoin. This correlation highlights a growing interest in alternative assets as investors seek diversification amidst market volatility. The executive notes that both silver and altcoins