The recent call by key Japanese lawmakers for a “redefinition” of the country’s legal and regulatory approach to cryptocurrencies reflects the growing need to adapt Japan’s legal framework to the evolving nature of cryptocurrencies, their usage, and their market. Members of the ruling Liberal Democratic Party (LDP), Seiji Kihara, and Masaaki Taira emphasized the necessity to revise existing laws to
The inauguration of IQM Quantum Computers’ first quantum data center in Munich marks a significant milestone in the city’s technological landscape, one that holds promise for a future dominated by quantum computing. Originally constructed in the 1990s and later repurposed for storage in the 2000s, this facility has now found new life with its ability to accommodate up to 12
Tether (USDT) on the Tron network has made headlines with its 24-hour trading volume reaching a staggering $53.031 billion, surpassing the average daily trading volume of Visa. This remarkable feat underscores the growing strength and potential of stablecoins in an otherwise tumultuous crypto market. The increasing demand for USDT during a crypto downturn has propelled Tron to new heights, as
ConsenSys, a prominent blockchain development firm, has recently called upon the US Internal Revenue Service (IRS) to delay the implementation of the new crypto tax reporting regulations. The company’s primary argument revolves around the lack of clarity and the undue burden these proposed rules impose on the industry, particularly on software developers. The central issue under scrutiny is the broad
Hong Kong, a global financial hub, is proactively shaping the future of Web3 and digital assets by inviting global opinions to develop comprehensive policies for the burgeoning sector. In a recent post on X, the Hong Kong Legislative Council announced that it is soliciting feedback from industry players worldwide, aiming to gather insights that will guide policy recommendations and thematic
EigenLayer has enhanced the security of its EigenDA data availability service on the Ethereum mainnet to combat Sybil and distributed denial of service (DDoS) attacks. Recognizing the critical need for robust security in blockchain-based services, EigenLayer’s new feature employs either an Internet Protocol (IP) address or Ethereum’s Elliptic Curve Digital Signature Algorithm (ECDSA) for authentication. This cryptographic method ensures secure
The cryptocurrency world has been shaken by a significant phishing scam that led to a major financial loss for a MakerDAO governance delegate. This incident serves as a stark reminder of the security vulnerabilities that persist in the decentralized finance (DeFi) ecosystem. Identified by Scam Sniffer on June 23, the scam resulted in the loss of $11 million worth of
Apple’s latest announcement has triggered significant discussions across the tech industry. The company declared that it will delay the launch of its new AI product, “Apple Intelligence,” and two other features in the European Union. This delay is primarily due to the regulatory uncertainties introduced by the Digital Markets Act (DMA). The DMA, which aims to promote fair competition and
Elon Musk has always been a disruptive force in the tech industry, and his plans for the social media platform X are no exception. Since acquiring X in October 2022, Musk has aimed to revolutionize the platform, transforming it into an all-encompassing financial service hub similar to Venmo. Notably, this transformation is taking place without integrating cryptocurrency transactions, setting X
The financial world is abuzz as Standard Chartered Bank, a leading global financial institution headquartered in the UK, prepares to disrupt the crypto trading market by launching a specialized platform for spot trading of Bitcoin (BTC) and Ethereum (ETH). This groundbreaking platform, reportedly close to completion, marks a significant milestone. It represents Standard Chartered’s entry as the first major bank
The recent price movements of Bitcoin have captivated the cryptocurrency community, with prices hovering between $65,000 and $66,000, fueling a wave of Fear, Uncertainty, and Doubt (FUD) among traders. This sentiment is notably captured by blockchain analytics firm Santiment, which has highlighted an unusual prevalence of fear or disinterest among many traders. Despite the cautious atmosphere, Santiment also points to
The introduction of “Brollups,” a new Bitcoin layer 2 solution developed by Bitcoin developer Burak, marks a significant step forward in extending Bitcoin’s capabilities to support a wide range of decentralized finance (DeFi) use cases. This innovative technology aims to achieve these improvements without requiring a hard fork or the issuance of a new token. By leveraging rollups, transactions such
