Everything web3, crypto, defi, degen
In brief El Salvador’s Bitcoin Office said it had moved its crypto holdings to new addresses for security reasons. Blockchain data shows that the country is still adding more Bitcoin to its reserve, but the IMF says they aren’t new buys. The country, under a deal with the IMF, was supposed to scale back its…
In brief Quantum computers threaten blockchain security by cracking private keys with Shor’s algorithm. Chains using EdDSA, like Solana and Sui, are easier to upgrade for quantum resistance. Older chains like Bitcoin face steep risks and costly upgrades, or risk leaving assets exposed. Quantum computing could one day break the cryptographic foundations that secure trillions…
In brief Ethereum celebrated its 10th anniversary on Wednesday, persevering through a decade of existential threats and evolution. Over the next 10 years, advocates believe the network will complete a spree of upgrades, improve layer-2 interoperability, and become the “settlement layer for everything.” Consensys pushed back on concerns that quantum computing could pose an existential…
In brief Satoshi Nakamoto is now the 11th richest person in the world, following Bitcoin’s monthly rise of 14%. It sees the elusive Bitcoin creator move past Microsoft co-founder Bill Gates and Dell Technologies founder Michael Dell. Now holding $130 billion worth of BTC, the inventor’s wallets have become a potential weak point as quantum…
Kraken, one of the world’s longest standing and most trusted crypto platforms, today announced the appointment of Vishnu Patankar as Chief Technology Officer (CTO). Patankar brings over twenty years of technology expertise to Kraken and helped Fortune 500 companies like Microsoft, Amazon, Intel, and Groupon to scale products that impacted millions of clients worldwide. At…
