With a huge BTC long position from Bybit's top trader, can BTC see a new ATH?
IBM, a global technology company, has announced plans to build Quantum Starling, the world’s first fault-tolerant quantum computer. This new project, set to be released by 2029, aims to fix quantum computers’ high error rates and inability to run long, complex programs. Industry leaders say quantum computers might become strong enough to break today’s digital security systems. This could be dangerous for banks and might even breach inactive crypto wallets . While this is not an urgent threat, many worry it could happen sooner than expected. IBM’s Starling To Revolutionize Quantum Computers Quantum computers do not work like normal ones. Regular computers use bits, which can be either 0 or 1. Quantum computers use qubits, which can be both 0 and 1 simultaneously. This special ability makes quantum computers very fast, powerful, and efficient. They can solve problems much faster than regular computers, including breaking encryption. Encryption keeps online information safe, including the data in Bitcoin (BTC) and blockchain systems. However, today’s quantum computers are weak because qubits are very sensitive. Small changes in temperature or other conditions can make them stop working correctly. These errors prevent the computer from running large programs. As a result, IBM is focusing on building a fault-tolerant computer that can find and fix its own mistakes while running. This makes it more stable and allows it to handle longer and harder tasks. IBM’s Quantum Computer Starling and the 2029 Goal IBM’s new computer, Quantum Starling, will be able to run 100 million quantum operations using 200 corrected qubits. The computer will also use special hardware to fix errors in real time. IBM will install the system in its quantum data center in New York. This move is part of the company’s roadmap for building useful and scalable quantum computers by 2033. Over the next few years, IBM will test smaller systems and develop new software. These smaller machines will help IBM learn how to connect quantum chips, increase computing power, and prepare for larger builds like Starling. Crypto Community Panics, But Bitcoin Is Safe For Now IBM’s announcement has caused uproar in the crypto community. Experts say blockchains will not break overnight, but developers should start preparing now. Blockchain networks like Bitcoin use strong encryption to protect wallets and transactions, and today’s computers are not strong enough to crack these secret codes. Encryption methods that are safe from quantum attacks already exist; many believe it is time to use them. Meanwhile, some industry leaders like Bitcoin advocate Michael Saylor say other systems, like banks and websites, could face quantum threats first. Bitcoin may be safer for a bit longer. Nevertheless, the risk to all digital systems will grow as quantum computers improve. The post IBM’s Quantum Computer Could Threaten Bitcoin Security Soon: Details appeared first on TheCoinrise.com .
Bitcoin's anti-establishment ethos faces a test as Trump positions himself as its political champion and cultural icon.
Ethereum spot ETFs have attracted a remarkable $1.4 billion in inflows over 19 consecutive trading days, signaling growing institutional interest in the crypto asset class. Despite this sustained capital influx,
Peter Schiff warns Strategy shareholders about Bitcoin investment risks. Strategy's Bitcoin strategy prompts differing opinions among investors. Continue Reading: Peter Schiff Issues Crucial Bitcoin Warning to Strategy Shareholders The post Peter Schiff Issues Crucial Bitcoin Warning to Strategy Shareholders appeared first on COINTURK NEWS .
Brazil’s finance ministry has moved to simplify crypto taxes, swapping a tiered system for a single flat rate. On June 12, Provisional Measure 1303 took effect, scrapping the old break that let residents sell up to R$35,000 (about $6,300) in crypto each month tax‑free. Now, every capital gain from digital assets faces a 17.5% levy. Flat Tax Applies To All Investors According to local reports, the new rule ends the exemption and treats all traders the same. Small‑scale sellers who once paid nothing now owe 17.5% on every gain. Big players could actually save money. Before, anyone moving more than R$30 million in a month hit a 22.5% top rate. Now they pay just 17.5%. Small Traders Face Bigger Bills Based on reports from Portal do Bitcoin, someone who sold R$30,000 in crypto last month would have owed zero under the old law. Under the new flat rate, that person now owes R$5,250. That’s a steep rise for casual users and hobbyists. NEW : Brazil ends crypto tax exemptions with a new flat 17.5% tax on all profits—no more R$35K monthly buffer! Under Provisional Measure No. 1303, even small $BTC or $ETH gains are now taxed equally. Retail traders hit hardest, while bigger players may benefit. #Brazil … pic.twitter.com/3eETcLCV5i — FinanceFeeds (@FXFinanceFeeds) June 13, 2025 At the same time, a trader handling R$10 million in a single deal would drop from roughly R$1.75 million in tax under the old system to R$1.75 million now, so no change. But those above R$30 million save up to R$150,000 per R$1 million traded. Quarterly Reporting And Losses Crypto holdings held in self‑custody wallets or abroad did not escape this overhaul. All gains are tallied every three months. Investors can offset losses from the previous five quarters. After 2025, that window shrinks. From January 2026 onward, only losses within the last few quarters will count. Traders will need better record‑keeping and careful timing. Other Assets And Betting Targeted This measure isn’t limited to crypto. Fixed‑income papers like LCAs, LCIs, CRIs and CRAs now carry a 5% profit tax. Betting operators saw their rate jump from 12% to 18%. The ministry won’t say how much extra cash it expects. But lawmakers want a steadier flow after a failed attempt to raise the Financial Transaction Tax, which was pulled amid strong market and congressional pushback. Meanwhile, in parallel, a separate bill would let employers pay part of a salary in crypto, capped at 50%. Full crypto pay would only be allowed for foreign staff or contractors under strict rules. Wages for standard workers must stay in fiat. Contractors could opt for 100% crypto if both sides agree. All payouts would use official exchange rates set by Central Bank‑approved platforms. Featured image from Unsplash, chart from TradingView
Cryptocurrency analyst The DeFi Investor has listed the important developments that stand out in the crypto world in the new week and should be followed closely by investors. The developments cover both large ecosystems and new projects. Here are the notable headlines: Arbitrum (ARB): Voting for Arbitrum’s proposal to launch the DeFi Renaissance Incentive Program ends on June 20. Aerodrome (AERO): Millions of users will soon be able to buy and sell Base tokens directly through Aerodrome on the Coinbase app. Solana (SOL): The U.S. Securities and Exchange Commission (SEC) has asked Solana ETF issuers to file updated S-1 forms within the next week. Virtual (VIRTUAL): Backroom, one of the highly anticipated projects on Virtual's Genesis Launchpad, will be launched in 2 days. Related News: Watch Out: Massive Token Unlocks Coming Up in 20 Altcoins Next Week – Here's the Day-by-Day, Hour-by-Hour List Huma Finance (HUMA): Huma Finance’s proposal to activate staking rewards will be implemented this month. Sonic (S): Sonic's Season 2 Airdrop Campaign begins on June 18th. Bitcoin (BTC): The next interest rate decision from the US Federal Reserve (FED) will be announced on June 18. This decision could have a direct impact on crypto markets. Starknet (STRK): Starknet Staking v2 goes live next week. *This is not investment advice. Continue Reading: These are the Altcoins to Watch in the New Week – Here’s the List
BTC miners continue to face economic headwinds and challenges, including gradually rising computational requirements to mine blocks.
According to the latest developments in the cryptocurrency market, a trend towards neutralization is observed in the funding rates of major cryptocurrencies traded on both decentralized (DEX) and centralized (CEX) exchanges. Market sentiment is moving away from excessive optimism or pessimism and toward a more balanced level, according to Coinglass data. Funding rates are a mechanism implemented to ensure that the price of perpetual futures contracts on cryptocurrency derivative exchanges remains close to the relevant spot (real) market price. These rates represent the direct transfer of funds between long and short investors, and exchanges do not earn from these fees. Related News: Cryptocurrency Country South Korea Experiences Trading Volume Surge in 15 Altcoins - Here's the List So how are funding rates interpreted, here is the basic information: 0.01: Basic (neutral) ratio >%0.01: Piyasanın genel olarak boğa (yükseliş) beklentisinde olduğunu gösterir The fact that these ratios are approaching equilibrium indicates that buy and sell positions among investors are becoming more balanced. Due to price fluctuations in the market, a total of $196.96 million worth of positions were liquidated in the last 24 hours. This liquidation: $131.13 million long $65.82 million of this was made up of short positions. *This is not investment advice. Continue Reading: What Do Current Funding Rates in Bitcoin and Altcoins Tell Us? Here Are the Latest Data
The 2024 U.S. elections marked a pivotal moment as Bitcoin advocacy played a crucial role in securing a Republican victory, signaling a transformative shift in the party’s approach to cryptocurrency.