Bitcoin Red Team | Crypto

The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricted access. Thailand sets crypto tax to 0% in bid to become crypto hub. THAILAND For the next few years crypto investors in Thailand won’t have to pay any capital gains taxes on sales made via platforms licensed by Thailand’s Securities and Exchange Commission. The exemption is for five years and covers the period of January 1 2025, through to December 31 2029. The scheme aims to boost Thailand’s attractiveness as a regional crypto hub, and it’s already home to a growing community of crypto digital nomads However trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%. The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country. Thailand previously waved 7% value added tax on crypto gains in early 2024. Read more

Bitcoin Red Team has now found 1,288 critical and high-level vulnerabilities in the Bitcoin ecosystem as of Saturday. A Bitcoin security researcher says he has been forced to go back to using open-source Chinese AI models after finding himself restricted from analyzing further codebases by OpenAI, highlighting a growing concern that the most capable AI tools aren’t being made available to defenders.  In an X post on Tuesday, AnchorWatch CEO Rob Hamilton said he had begun integrating OpenAI’s Trust & Cyber capabilities into his Bitcoin Red Team work on Saturday, only to find his access restricted the following morning.  “It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source models to conduct my research to protect Bitcoin infrastructure,” he added.  Read more

“There’s a lot of chaos right now in the ecosystem. We absolutely understand that many people are being bombarded with security issues right now,” said Bitcoin developer Calle. A Bitcoin security group made up of just 16 volunteers said they have found nearly 5,000 potential issues during a rapid AI-assisted review of projects in the Bitcoin ecosystem.  Bitcoin Red Team is a volunteer security effort that includes Rob Hamilton, CEO of AnchorWatch and Bitcoin developer Calle, among others, which has been using AI tools and human review to scan open-source Bitcoin-related repositories for vulnerabilities.  “We’re averaging on the order of 1 critical exploit per hour per person,” said Calle in a post to X on Wednesday.  Read more