Quantum computer ‘threat’ to crypto is exaggerated — For now
Bitcoin’s private keys won’t be breached any time soon. But the industry still needs to transition to a “post-quantum cryptography.” Go to Source
Crypto
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HTX Completes $21.25 Million Token Burn In Q3 2024, Shifts To Full Destruction Model
HTX (@HTX_Global) has successfully completed its third-quarter token burn for 2024, eliminating 15.81 trillion $HTX tokens, valued at $21.25 million. This burn, conducted just two days ago, marks a continued effort by the platform to enhance the token’s value through strategic supply reduction. Since March 2024, when HTX initiated its liquidity donation and burn program, … Read more
BlockTower Capital And Crypto Whales Make Major Moves With EIGEN, Amid Losses
BlockTower Capital has recently made another significant withdrawal, pulling 372,578 EIGEN tokens (worth $1.18 million) from FalconX. Over the past seven days, the venture capital firm has accumulated a total of 1.026 million EIGEN tokens ($3.57 million) from Wintermute Trading and FalconX, with an average purchase price of $3.482. However, the firm currently faces an … Read more
How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim
Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy … Read more
Bitcoin’s Potential ATH Signals Bull Run, But Altcoin Season Remains Elusive
As Bitcoin gears up to possibly achieve a new all-time high (ATH) by the end of the year, the anticipated bull run seems to be on the horizon. However, altcoin season has yet to kick off. In light of the current surge in interest surrounding artificial intelligence (AI) tokens, we’ve analyzed key on-chain data and … Read more
Restaking Ecosystem Sees Rapid Growth Despite Short-Term Volatility
As the crypto landscape continues to evolve, the restaking ecosystem, led by EigenLayer, is capturing significant attention. As of October 16, 2024, the Total Value Locked (TVL) in the restaking market reached $11.4 billion, reflecting strong community engagement and an effective design aimed at improving crypto-economic security. Short-Term Fluctuations Amid Long-Term Growth Although the market … Read more
Optimism Superchain Gains Momentum Amid Uniswap’s Unichain News And $OP Potential
The Optimism Superchain has been buzzing with excitement following the recent announcement of Uniswap’s Unichain integration. Many investors are eyeing bullish opportunities for $OP, yet nearly 50% of its holders are still in a loss position. Despite this, the optimism surrounding the ecosystem remains high. Optimism’s Superchain is buzzing after Uniswap’s Unichain news. Many see … Read more
Investors Flock To New Frog-themed Crypto Project Amidst Spectacular Surge
A new cryptocurrency project named Frogs ($FROGS) has captured the attention of investors with an astonishing surge of 1080%, propelling its market capitalization to over $12 million within a short period. A new group of frogs is drawing the attention of investors. Frogs ( $FROGS) has currently surged by 1080%, with a market capitalization exceeding … Read more
Bitcoin Supply Held By New Investors Hits 2-Year High Amid ETF Inflows
The percentage of Bitcoin supply held by addresses that bought within the last 12 months has reached its highest point in two years, signaling renewed interest from newer investors. This surge has been driven in part by a significant inflow of capital into Bitcoin exchange-traded funds (ETFs). According to data from @intotheblock, Bitcoin ETFs saw … Read more
Ethereum Faces Short-Term Hurdles, But Long-Term Rally Potential Remains Strong
Ethereum is currently navigating through challenges but continues to display signs of potential for a rally. With increased open interest and a rising Relative Strength Index (RSI), the market sentiment suggests higher highs and lows are on the horizon. Although a slight dip in Ethereum’s price could occur in the short term, long-term traders stand … Read more