China

It might be too late for bitcoin’s quantum migration, Project Eleven report argues

A recent report from Project Eleven suggests that Bitcoin's transition to quantum resistance may be too late, as advancements in quantum computing could soon threaten its security. The report highlights that current cryptographic methods used in Bitcoin are vulnerable to potential quantum attacks, which could undermine the integrity of the blockchain. Despite ongoing discussions about implementing quantum-resistant algorithms, the timeline for such upgrades may not align with the rapid pace of quantum technology development. The findings raise concerns about Bitcoin's long-term viability if proactive measures are not taken swiftly.

Read the full article: CoinDesk

Why a 2017 Linux bug is now a major concern for the crypto industry

A critical vulnerability in the Linux kernel, first identified in 2017, has resurfaced as a significant threat to the cryptocurrency industry. The bug, which affects the way the operating system handles memory, could potentially allow attackers to exploit systems running crypto wallets and exchanges. Security experts warn that the issue

The Nobitex dilemma: How Iran's biggest crypto exchange stays off the OFAC blacklist

Nobitex, Iran's largest cryptocurrency exchange, has managed to avoid being blacklisted by the U.S. Office of Foreign Assets Control (OFAC) despite operating in a country subject to extensive sanctions. The exchange employs various strategies, including compliance with local regulations and limiting its services to domestic users, to

The CLARITY Act will help reshore the crypto industry in the US — Attorney

The CLARITY Act aims to provide a regulatory framework for the cryptocurrency industry in the United States, which could encourage companies to relocate back to the country. According to legal experts, the act seeks to clarify the classification of digital assets and establish clear guidelines for their regulation. This clarity

Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

An aspiring prediction market provider argues that sports betting should be regulated as a financial product rather than as gambling. The company believes this shift in classification would allow for better oversight and consumer protection. They emphasize that sports betting shares similarities with financial markets, including risk assessment and investment

Read more

Why a 2017 Linux bug is now a major concern for the crypto industry

The Nobitex dilemma: How Iran's biggest crypto exchange stays off the OFAC blacklist

The CLARITY Act will help reshore the crypto industry in the US — Attorney

Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says