Vitalik Buterin announces blockchain hard fork to combat quantum emergency
Vitalik smells quantum challenge
Ethereum founder Vitalik Buterin is afraid that bad actors might get access to quantum computers whenever they become available and misuse them to steal others' assets, so he (Vitalik) has already started preparing for Hard-Fork.
Vitalik has no time to lose
The necessity of quantum-resistant cryptography, such as Winternitz signatures, and Stark will come up in a quantum emergency, but it will be too late then. Henceforth, Vitalik has decided to prepare everything already in order to protect the Ethereum ecosystem during the quantum challenge.
OTHER NEWS
Bitcoin
Bill Ackman and Michael Saylor spat on Bitcoin
Pershing Square CEO Bill Ackman has presented a cycle blaming the rising price of Bitcoin as the cause of inflation. But Michael Saylor of Microstrategy refutes this and advises him to buy Bitcoin.
Bitmart
Huge Casino on Bitmart
Bitmart is listing HUGE, the token of Hugewin online casino. HUGE token value already increased after Bitmart announcement. Some users are taking intrest in $HUGE.
ArbitrumDAO
No crowd-funding for Storm and Pertsev
The $1.28 million legal support crowd-funding campaign that ArbitrumDAO had set up for Tornado Cash developers Roman Storm and Alexey Pertsev has been taken down. Some analysts speculate that people are afraid of legal risks, but in my opinion, people are simply against it because they fear it could be used by hacker
INTERNATIONAL INCIDENTS
ETH Spot ETF not ready for US, but lures Hong Kong
Hong Kong's big financial institutions have sought to launch an Ethereum spot ETF in Hong Kong before the US in order to give Hong Kong a boost in the Ethereum sector. However, in the US, anti-crypto politicians like Elizabeth Warren are pressuring the SEC against approving the ETH spot ETF, making it unlikely to happen soon.
Korea Crypto and Tax
The South Korean National Tax Service is going to launch a virtual wealth management system in 2025, which will require users to submit their' virtual asset transaction histories to prevent people from using virtual assets to avoid taxes.
