Every May 22, the cryptocurrency industry celebrates the anniversary of Laszlo Hanyecz’s famous and infamous pizza-for-bitcoin trade. In 2010, the Florida-based programmer and early adopter of bitcoin offered 10,000 bitcoins if someone would buy him two pizzas. Jeremy Sturdivant took him up on the offer and had two pies — one pepperoni and one Supreme — from a local Papa John’s delivered to Hanyecz’s house for $41 dollars worth of bitcoin. It was the first time bitcoin had been used commercially for its intended purpose as “a purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through…
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6 Million Bitcoins Exposed to Quantum Risk
Glassnode research shows many exchanges hold unsafe BTC
Some six million bitcoins, or 30% of the issued supply, are exposed to the quantum risk of theft. Analytics provider Glassnode said those bitcoins have exposed public keys, making them vulnerable to the risk that quantum computers may eventually be able to break their encryption and figure out private keys used to move BTC from their identifying public keys. The risk to bitcoin from quantum computing is still theoretical, with some experts saying it is a decade or even decades away, while others fear that it could be closer. The U.S. government has set 2035 as the date by which all government data must be quantum-resistant. There are ways the…
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Charles Schwab Launches Spot Crypto Trading
Customers will be able to trade bitcoin and ether to begin with
Charles Schwab has begun rolling out spot trading of cryptocurrency to its retail brokerage clients. The discount brokerage giant announced on X today that an initial group of clients can now trade bitcoin and ether alongside traditional stocks and exchange-traded products. Trading of additional crypto assets will be rolled out over time. In an April preview of the launch, Schwab said that clients will maintain a separate crypto account through Schwab Crypto alongside and linked to their main trading accounts with its Schwab.com, Schwab Mobile, and thinkorswim platforms. “With Schwab Crypto, investors can access familiar cryptocurrencies within an all‑in‑one investing and banking experience, backed by an ecosystem of education, tools,…
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One-Third of the 2025 Tax Forms Kraken Filed Were Below $1
Capital gains taxes must be paid on all of them
Cryptocurrency exchange Kraken filed 56 million crypto tax forms in 2025. Half were for amounts below $10 and three quarters below $50. One third were below a single dollar. That’s a big problem for crypto owners when it comes to filing taxes, as each of those transactions requires them to fill out a capital gains report. “These forms were not sent to sophisticated traders who made big returns from crypto,” Kraken said in an April 22 report. “The vast majority of the forms are for staking rewards measured in fractions of a cent, small purchases, and routine activity. Every single one generates a form that a real person is now…
