Category: crypto

South Korean lawmakers from the People Power Party are pushing to abolish a proposed 22% tax on cryptocurrency gains, originally set to be implemented in 2022 but now delayed until 2027. Critics argue that the tax is unfair and would hinder trading activity, while the ruling party is considering the bill.

Bitcoin fell below $71,000 due to Fed Chair Powell’s hawkish tone and Iran’s oil shock, causing $542 million in liquidations in leveraged crypto markets. The Fed’s projections of higher inflation and lack of rate cuts in 2026 led to a risk-off move in the market, with Bitcoin and Ethereum prices dropping.

The Federal Reserve has proposed a 90-day comment period to ease capital rules for large banks and regional lenders. The reforms aim to reduce capital requirements for banks while still maintaining post-2008 safeguards. Industry groups support the changes, while critics warn of weakening prudential defenses during uncertain economic times.

Coinbase Commerce’s seed phrase withdrawal page is under fire for asking users to enter their 12-word recovery phrases into a web form, despite industry warnings against this practice. Security researchers warn that this creates a phishing risk, especially as Coinbase Commerce is being phased out by March 31, 2026. Critics urge users to avoid entering…

The U.S. Dollar Index fell below 100 as traders sold the greenback after the Fed meeting, with USD/JPY dropping due to rising BOJ hike and intervention risks. Mixed signals for emerging markets and Bitcoin were observed, with a weaker dollar giving limited relief to crypto amid the Fed’s higher-for-longer stance and oil shock.

BTQ’s Bitcoin Quantum Testnet v0.3.0 now supports BIP 360’s Pay-to-Merkle-Root outputs, reducing quantum risk. The testnet validates the P2MR lifecycle and maintains compatibility with Lightning, BitVM, and Ark. This release addresses long-exposure quantum attacks but leaves short-exposure attacks for future upgrades. The implementation of BIP 360 marks a significant step towards quantum-resistant transactions in Bitcoin.

Immunefi’s 2024 report reveals $1.5 billion lost in 232 incidents, with CeFi key breaches driving major hacks. Early 2025 losses have already exceeded last year’s total. Hacks accounted for 98.1% of losses, with CeFi losses surging while DeFi losses fell. Most hacked projects never fully recover, signaling ongoing vulnerabilities in the blockchain industry.

Deribit data shows $20k Bitcoin put options are now the third most popular strike by open interest, with about $596m notional, reflecting uncertainty in the market. Traders may be selling tail-risk insurance for premium rather than betting on a crash. Market is split between bullish sentiment and awareness of potential blow-up scenarios.

Polymarket has acquired DeFi infrastructure startup Brahma, integrating its smart-account execution layer into Polymarket’s prediction market. With a $20 billion valuation in sight, Brahma’s team will focus on optimizing user experience and bringing deeper liquidity to niche contract markets. This acquisition marks Polymarket’s third in under a year, signaling a strategic shift towards building a…

Sen. Cynthia Lummis is pushing for the Digital Asset Market CLARITY Act to be completed by the end of the year, with a late-April Banking Committee markup planned by Republicans. The bill aims to regulate digital commodities and securities, address stablecoin yield issues, and establish rules for exchanges and issuers.