Crypto News
Bitcoin and Ethereum Aren’t Ready For Quantum Computers, Researcher Says
Mysten Labs claims newer blockchains are ready for quantum computing, but older networks risk being left behind.Source link
Trump’s Top Crypto Guys: U.S. DeFi Will Thrive, Assures Bitcoin Reserve Is Coming
President Donald Trump's crypto working group finally issued its massive report and its pages of U.S. policy recommendations, and two of the people behind that effort told CoinDesk that decentralized finance (DeFi) protocols should fare just fine in the administration's vision of the U.S. sector."Decentralized protocols can definitely meet the rules of the road," said Bo Hines, the executive director for the group of regulators and senior administration officials that collectively issued the 163-page report on Wednesday. In a CoinDesk TV interview with Jennifer Sanasie, Hines and the Treasury Department's Tyler Williams shared some of the highlights of the lengthy report, including its treatment of DeFi."We want people innovating and developing here in the U.S.," Hines said from the White...
Bitcoin App Samourai Founders Face 5 Years in Prison Following Guilty Plea
The two crypto developers changed their pleas this week.Source link
Indonesia Quadruples Tax on Overseas Crypto Trades
Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s Rising Popularity Fuels Tax Adjustments Indonesia is set to implement higher tax rates on cryptocurrency transactions starting AugustSource link
Crypto Bulls Get Hit With $200M in Liquidations as Powell Rattles Market With Fed Warning
Crypto markets saw a rise in volatility on Wednesday as Federal Reserve Chair Jerome Powell’s hawkish remarks rattled leveraged traders.Liquidations spiked to over $200 million in an hour across all digital assets as bitcoin (BTC) dipped below $116,000 while Powell spoke, CoinGlass data shows. The central bank left interest rates unchanged, with Powell insisting on potential inflationary pressures from tariffs, while two officials dissented in favor of cutting.Read more: Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish RemarksLater in the session, BTC bounced back above $117,000, still 0.8% down through the day and trading at the lower end of its three-week tight range. Ether (ETH) slid as much as 3%, then recovered to $3,750, modestly lower (-0.6%) over the...