Bitcoin News
By Jean-Luc Maracon
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Clarity Act Hits a Wall Before Recess. Separate from the quantum story, the Clarity Act won't move before the August congressional recess.
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Vlad Tenev's Account Hacked, Meme Coin Promoted. And then there's the Vlad Tenev situation. His social media account got compromised, and whoever…
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Bitcoin developers just put $15 million on the line. The newly launched Quantum Defense Fund is a direct bet that quantum computing will eventually become a real threat to the…
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The fund's goal is pretty straightforward: pour money into research and development for next-generation cryptographic techniques before quantum computers get powerful enough to…
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Quantum risk isn't new. But $15 million is.
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Cryptographers and blockchain researchers have warned for years that today's cryptographic standards weren't built with quantum adversaries in mind.
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The Quantum Defense Fund puts real capital behind what's been mostly academic discussion. Resources will go toward developing cryptographic techniques capable of withstanding…
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Related: Galaxy Digitals $5M Bet on Bitcoins Quantum Defense Draws Industry Attention
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The delay pushes the entire question of regulatory clarity further down the calendar. Exchanges, protocols, and token issuers have been operating in a murky legal environment for…
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And then there's the Vlad Tenev situation. His social media account got compromised, and whoever did it used the access to push a meme coin.
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Tenev's hack fits a broader pattern. High-profile individuals connected to finance and crypto have seen their accounts targeted repeatedly, and the meme coin angle is almost…
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Digital platforms haven't solved this. Probably won't anytime soon.
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More context: BlackRock and Coinbase Join 9-Firm, $15M Push to Quantum-Proof Bitcoin
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The three stories don't obviously connect, but they kind of do. Bitcoin developers are spending $15 million to protect against a future cryptographic threat.
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The Quantum Defense Fund may be the most consequential of the three. Regulatory delays come and go, and account hacks are almost routine at this point.
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