Satoshi’s 1.1M bitcoin and millions more can be saved from quantum attack, says expert

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Crypto News

AmericanFortress researchers introduced a patent-pending post-quantum signature scheme that could secure the global crypto ecosystem against future quantum attacks without requiring mass fund migrations. According to the company, the breakthrough means even Satoshi Nakamoto’s huge 1.1 million bitcoin stash, alongside nearly 5 million BTC in dormant accounts, can be saved, with a combined value of […]

Why the mind-bending physics of quantum computing is terrifying for bitcoin and crypto

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Crypto News

This week, Google published a paper describing how a quantum computer could theoretically derive a bitcoin private key in 9 minutes, with ramifications that stretch to Ethereum, other tokens, private banking, and potentially everything in the world. Quantum computing is easy to mistake for a faster version of a regular computer. But it is not […]

Dormant 4,000 BTC Miner Wallet Awakens Amid Potential Quantum Attack Fears

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Crypto News

Data from Lookonchain shows an early bitcoin BTC$111,379.36 miner wallet holding 4,000 BTC (around $442 million) has become active for the first time in 14 years. The wallet, identified as 18eY9o, transferred 150 BTC (roughly $16.6 million) after years of dormancy. These coins were originally mined in 2009 and consolidated into the wallet in 2011. […]

Michael Saylor Downplays Bitcoin’s Quantum Threat

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Crypto News

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. BlackRock calls Quantum computers, with their ability to outperform classical binary […]

Slow Blockchain Governance Leaves Crypto Exposed to Quantum Threats

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Crypto News

Quantum computing poses a real threat to crypto, and slow-moving governance processes risk leaving blockchains vulnerable, according to Colton Dillion, a co-founder of Quip Network, which provides quantum-proof vaults for storing digital assets. While the technology, which uses the quantum states of subatomic particles to perform calculations instead of transistors and binary code, is still […]