According to Cointelegraph, the National Institute of Standards and Technology (NIST) has proposed standardizing the block and key size for the Advanced Encryption Standard (AES) to 256 bits. This move is driven by the increasing volume of data processed by applications and the growing demand for data-intensive operations. Currently, AES, derived from the Rijndael block cipher family, utilizes a block size of 128 bits with encryption key lengths of 128, 192, or 256 bits. Enhancing encryption key lengths is seen as a measure to ensure quantum security, as long as these lengths exceed the number of bits a quantum computer can factor and break. The urgency for developing quantum-resistant cryptography has intensified following Google's unveiling of its Willow quantum processor. This processor reportedly solves computational problems in five minutes that would take traditional binary-based computers an astronomical amount of time to crack. Despite this leap in processing power, quantum computers face design limitations, such as the number of qubits needed for error correction, which currently prevent them from breaking modern encryption standards. Ethereum co-founder Vitalik Buterin has addressed the need for quantum-proofing crypto networks, suggesting account abstraction as a potential solution in Ethereum's roadmap. However, he noted that quantum computers posing significant risks to encryption are still decades away. In a related development, the Singapore Monetary Authority (MAS) and Banque de France (BDF) conducted a post-quantum cryptography test in November. This experiment involved securing Microsoft Outlook emails using post-quantum computing to digitally sign the emails. Additionally, hash-based, quantum-resistant solutions have been proposed to provide security for systems relying on elliptical curve digital signature algorithms (ECDSA). Despite these advancements, Blockstream co-founder and CEO Adam Back expressed skepticism about the practical implementation of hash-based schemes, suggesting that post-quantum research will continue to evolve in the years leading up to quantum supremacy.

The National Institute of Standards and Technology (NIST) seeks public input on the proposed changes until June 25, 2025. source: https://cointelegraph.com/news/nist-proposes-standardizing-aes-encryption?utm_source=rss_feed&utm_medium=rss%3Ft%3D1735331022480&utm_campaign=rss_partner_inbound

The IRS is going after decentralized finance (DeFi) brokers with a vendetta. If left, starting in 2027, these brokers will be required to report every dime made in crypto sales. The new rules fall under section 6045 of the Internal Revenue Code and are part of this big push to extend traditional tax regulations to […] source: https://www.cryptopolitan.com/irs-targets-defi-brokers-with-new-tax-reporting-rules-set-for-2027/

Today’s top headlines are focused on discussions about the convergence of geopolitical factors and cryptocurrency in Russia, the potential delisting of a major industry player, and recent regulatory changes in the crypto scene in Turkey. Is Russia Using Bitcoin as a Trade Weapon? Russian companies are increasingly using cryptocurrency for international trade, as confirmed by Finance Minister... source: https://news.shib.io/2024/12/27/the-shib-news-recap-friday-3/?utm_source=rss&utm_medium=rss&utm_campaign=the-shib-news-recap-friday-3

The spot ether exchange-traded fund (ETF) launched by the world’s largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens. According to data from BlackRock’s website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA)  fund now holds 1.065 […] source: https://www.cryptoglobe.com/latest/2024/12/institutional-investors-flock-to-blackrocks-ethereum-etf-accumulating-over-3-5-billion-in-eth/

null source: https://x.com/DaanCrypto/status/1872736899200368906

To qualify, companies need to maintain a minimum of 1,000 BTC in their corporate treasury and satisfy certain market requirements. source: https://cryptopotato.com/bitwise-proposes-new-etf-to-invest-in-firms-holding-1000-btc-or-more/

Fractal analysis suggests a DOGE rally above $0.35 will culminate with new all-time highs abovce $2.35. source: https://cointelegraph.com/news/dogecoin-price-conservative-target-starts-at-2-35-based-on-doge-bull-market-fractal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

A well-known crypto analyst has shared a bullish outlook on altcoins, predicting a significant rally as Bitcoin struggles to break past the $100,000 mark. The post Analyst Predicts Major Altcoin Surge as Bitcoin Struggles Below $100K appeared first on Cryptodnes. source: https://cryptodnes.bg/en/analyst-predicts-major-altcoin-surge-as-bitcoin-struggles-below-100k/

Whales bought significant amounts of Dogecoin (DOGE), Injective (INJ), and PAAL AI (PAAL), highlighting the increased interest in these coins. DOGE saw its whale addresses rise from 660 to 671 over the last week, alongside a 5% price increase, bringing its market cap near $47 billion. INJ experienced renewed whale accumulation, with key address numbers climbing steadily, coinciding with a 6%... source: https://beincrypto.com/crypto-whales-altcoins-fourth-week-december-2024/

AI Agent, exploring the role of AI agents in crypto games Golden Finance, its development next year will surely produce even more amazing results.

The total market value of the crypto AI asset sector has exceeded US$70 billion this year, and the number of related projects exceeds 600.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Recommended readings tonight: 1. The Three-Plate Theory - The Ultimate Guide to Ponzi Construction; 2. Let's talk about Binance Alpha: Can the BSC ecosystem recover? ; 3. What made SOL soar 2143% in the past two years? ;

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In 2024, Bitcoin hit an all-time high due to the approval of the US spot ETF and Trump's election, but other crypto assets performed even better.

Recently, the Turkish government announced a series of stricter anti-money laundering regulations for cryptocurrencies, a move that quickly attracted widespread attention in the industry.

The Malaysian Communications and Multimedia Commission(MCMC) has announced that Telegram and Tencent's WeChat have initiated the process of obtaining the necessary license to operate their platform in Malaysia.

Ryan Salame, a former top executive at the failed cryptocurrency exchange FTX, who received a 7.5 years in prison sentencing could be coming out of prison a whole year early, according to Business Insider report.

“Matter was conserved at every moment—until humans invented money.”