In brief Blockstream CEO Adam Back has proposed optional quantum-resistant upgrades for Bitcoin, challenging BIP-361’s mandatory coin freeze approach. Google research shows quantum computers could break Bitcoin’s cryptography with 20-fold fewer physical qubits than previously thought. An estimated 6.9 million BTC face quantum vulnerability, including Satoshi Nakamoto’s holdings. Blockstream CEO Adam Back advocated for optional…
South Korea’s Ministry of Economy and Finance (MOEF) is preparing to test blockchain-based payments for certain government expenses under a regulatory sandbox exploring distributed ledger technology (DLT)-based financial infrastructure. The ministry said on Thursday that it selected a pilot project that will use tokenized deposits to execute government operational spending, with a full rollout targeting…
London-based Legal & General Asset Management has made its liquidity funds available in tokenized form through Calastone’s blockchain-based distribution network, enabling investors to access and transfer fund shares via digital infrastructure as an alternative to traditional settlement systems. According to Wednesday’s announcement, the tokenized share classes are issued with permissioned access, allowing authorized users to…
Nvidia CEO Jensen Huang has warned that China already has the computing power and data center capacity necessary to train an AI model at the same level as Anthropic’s AI model Claude Mythos, which could threaten global cybersecurity. Huang was asked in an interview on the Dwarkesh Patel podcast on Wednesday whether the Chinese government’s…
Morgan Stanley’s new spot Bitcoin exchange-traded fund has just surpassed the WisdomTree Bitcoin Fund (WBTC) in total net inflows, despite launching just over a week ago. The Morgan Stanley Bitcoin Trust (MSBT) added $19.3 million of investor inflows on Wednesday, bringing its total net inflow to $103 million. The figure has now passed WisdomTree Bitcoin Fund’s…
The Trump family’s crypto platform, World Liberty Financial, is facing backlash over a new proposal to lock up tokens purchased by early investors for up to four years, or in some cases, indefinitely. World Liberty posted the proposal to its governance forum on Wednesday, which outlined that early investors would have their World Liberty Financial…
Cato Institute, a US-based think tank, has argued the government should remove capital gains taxes on Bitcoin and other cryptocurrencies to open the door for more currency competition. Capital gains tax (CGT) is discouraging the use of alternative currencies like Bitcoin (BTC) as it incentivizes long-term holding and adds extra burdens to reporting requirements, Nicholas…
Another political action committee (PAC) aligned with the cryptocurrency industry announced its endorsement for a candidate in Ohio’s Senate race, signaling a move that could mirror the 2024 US election. In a Wednesday notice, Sentinel Action Fund, a group that claims to be the “only conservative Super PAC advancing pro-crypto candidates and supporting pro-crypto innovation,”…
US equities and tech stocks gained on Wednesday as investors looked optimistically to a de-escalation of the US-Iran war, while the price of Bitcoin tapped $75,000 amid broader positive momentum across the crypto market. According to data from Yahoo Finance, the tech-heavy Nasdaq Composite hit a new all-time high of 24,016.02 on Wednesday, closing the…
BitMEX Research has proposed an alternative to freezing quantum-vulnerable dormant Bitcoins, advocating a wait-and-see approach and a “canary fund” with a quantum bounty instead. BitMEX Research proposed a soft fork on Thursday that would only activate a full freeze of vulnerable coins if it is “proven that a quantum computer capable of stealing Bitcoins actually…