🚨HUGE: The G7 just warned that quantum computers could one day break the encryption behind Bitcoin.
Its Cybersecurity Working Group is urging governments and companies to adopt "post-quantum" cryptography before such machines arrive.
The risk is real for Bitcoin, where roughly 6.9 MILLION BTC sit in addresses that already expose their public keys.
That includes an estimated 1.1 MILLION coins believed to be Satoshi's, worth over $80 BILLION.
Bitcoin's defense, a quantum-safe address type called BIP-360, is already live on a test network.
A more radical proposal would freeze the vulnerable coins that never migrate, including Satoshi's, but the community rejected it as "authoritarian."
@headlines
Its Cybersecurity Working Group is urging governments and companies to adopt "post-quantum" cryptography before such machines arrive.
The risk is real for Bitcoin, where roughly 6.9 MILLION BTC sit in addresses that already expose their public keys.
That includes an estimated 1.1 MILLION coins believed to be Satoshi's, worth over $80 BILLION.
Bitcoin's defense, a quantum-safe address type called BIP-360, is already live on a test network.
A more radical proposal would freeze the vulnerable coins that never migrate, including Satoshi's, but the community rejected it as "authoritarian."
@headlines
NEW: 🇦🇪 The UAE has introduced new VAT rules for business-related crypto payments.
Companies must convert the value of the digital currency into dirhams for disclosure purposes in their tax return, following a three-step system.
They must also retain records of EVERY exchange rate used.
Approved platforms include Binance, Bybit, Deribit, Bitget and Payward.
@headlines
Companies must convert the value of the digital currency into dirhams for disclosure purposes in their tax return, following a three-step system.
They must also retain records of EVERY exchange rate used.
Approved platforms include Binance, Bybit, Deribit, Bitget and Payward.
@headlines
🚨Leaked Ripple Docs Name Uber and Airbnb as Prime Use Cases for Instant Worker Payouts
âž¡ Read More
âž¡ Read More
JUST IN: 4,000 Bitcoin worth $320 million withdrawn following Liquid Network hack.
The hacker is now communicating with network maintainers through on-chain Bitcoin transactions & intends to return the $BTC after the vulnerability is fixed.
@headlines
The hacker is now communicating with network maintainers through on-chain Bitcoin transactions & intends to return the $BTC after the vulnerability is fixed.
@headlines
🚨Vitalik Buterin Rejects Claim That AI Could Crash Bitcoin by 50%
âž¡ Read More
âž¡ Read More