Quantum computing is emerging as a powerful force that poses a serious threat to the security of Bitcoin and other cryptocurrencies.In this article, we explore how advances in quantum computing could soon make Bitcoin’s cryptographic defenses vulnerable, signaling a pivotal moment for the future of digital currencies.A quantum leap in computingQuantum computing represents a huge leap forward from classical computing. Unlike classical computers, quantum computers use qubits, allowing them to process complex calculations at unprecedented speeds. Current quantum computers, such as IBM’s, are in their early stages using a limited number of qubits, but rapid progress is expected over the…
Author: Crypto Flexs
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Jamie Dimon, the powerful CEO of JPMorgan Chase, has once again launched a verbal attack on cryptocurrencies in a fiery declaration that reverberated throughout the financial landscape. Dimon, who is known for speaking his mind, bluntly called for a total ban on digital currencies, linking them to criminal activity. The CEO did not hold back on speaking at the Senate hearing along with seven other heads of large banks. “If I were the government, I would shut it down.” In response to a question from Senator Elizabeth Warren, he said he was firmly opposed to all forms of cryptocurrency, including…
More than a third of Bitcoin holders would be reluctant to sell even a small portion of their Bitcoin, even if the price reaches $1 million. Moreover, on-chain analysis confirms that more Bitcoin supply is becoming dormant as holders refuse to sell. On December 6, MicroStrategy CEO Michael Saylor conducted a survey among his 3 million X followers, asking them how high BTC would have to go before selling some of their holdings. Strengthening the Bitcoin Hodl Narrative Surprisingly bright-hearted. vote In less than a day, we received over 87,000 responses. The 36.6% who responded with $1 million or nothing…
Anatoly Legkodymov, the Russian co-founder of Hong Kong-registered virtual currency exchange Bitzlato, pleaded guilty to money laundering offenses in a New York court on Wednesday, the U.S. Attorney’s Office for the Eastern District of New York said.Legkodimov was scheduled to appear in a Brooklyn courtroom before U.S. District Judge Eric Vitaliano at 2:30 p.m. ET, Reuters reported this morning.“Legkodimov’s guilty plea today confirms that he was well aware that his cryptocurrency exchange, Bitzlato, was being used as a public revolving door by criminals seeking to take advantage of his lax control over illicit financial transactions,” said U.S. Attorney Breon Peace.…
JPMorgan CEO Jamie Dimon is being dragged over the hot coals of Cryptocurrency “The only real examples of people using it are criminals, drug traffickers, money laundering, tax evasion,” Dimon said at a Dec. 5 U.S. Banking Committee hearing. “If I were the government, I would shut it down.” .”However, cryptocurrency experts were quick to point out the apparent hypocrisy in Dimon’s comments, noting that JPMorgan is the second-biggest punishing bank, paying $39.3 billion in fines for 272 violations since 2000, according to Good Jobs First’s violation tracker. emphasized.About $38 billion of those fines were incurred under Dimon, who took…
Ethereum is a living entity distributed across time and space and accessible through screens and communication devices. What brings it to life are the many human relationships intertwined with the roots, branches, and leaves of the Ethereum state tree. This single tree encodes an enormous amount of value, digital assets, and dapp utility, rather than an insignificant part of human activity. However, the humans who are currently breathing life into Ethereum are every The many gaps between humans – cultures, nationalities and classes – need to be bridged. The use cases and new solutions that web3 builders have developed, advertised,…
A widely respected cryptocurrency analyst has suddenly become bullish on Gala (GALA) and two other altcoins. Pseudonymous cryptocurrency trader The Flow Horse says 186,500 followers on social media platform He says key indicators such as cumulative volume delta (CVD), a metric that aims to identify differences by comparing buying and selling volumes over a specific period, are showing strength. “I bought some GALA. • For shorts, it looks like a ‘death drift’. • Very divergent spot, puff (perpetual future contract) As seen in CVD, its drift up is all spot. • The gaming department didn’t have a great day. •…
This article was published in Bitcoin Magazine. “Main Problem”. click here To get an annual Bitcoin Magazine subscription.“Every election is a kind of pre-auction of stolen goods.”-HL MenckenSometimes voting is fake, sometimes it’s real. A coalition of elites gathers behind the scenes, and what appears before the cameras is a complex narrative dance of gauging public sentiment, which sometimes matches reality and often does not.As America’s election engine picks up steam, many are questioning the point of it all. Events of the 21st century have shattered delicate notions of fairness in the halls of power, namely the assumption that state…
Bitcoin price started a major rise above $42,000. BTC is now consolidating gains and could rise further towards the $45,000 area. Bitcoin rose above the $42,200 and $43,200 levels. The price is trading above $43,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows two bullish trend lines forming with support near $43,900 and $42,000. The pair is likely ready for a new increase above the $44,000 level. Bitcoin price remains supported Bitcoin price began to rise significantly above the $42,000 resistance zone. BTC surged and even broke the $43,200 resistance…
Hello cryptocurrency adventurers, this is John again. “Exploring new frontiers: My journey with Immutable” and “The Future of Cryptocurrency Gaming: Trader Insights on Market Dynamics and Investment Strategies,” I know I’m deeply invested in the intersection of gaming and blockchain. This December I will be focusing on three projects that are redefining this space: Superverse, Shrapnel, and Virtua. Let’s find out why this is not just a game, but a revolution in creation. Why games and blockchain? We are at the intersection of two great worlds: gaming, an industry that values immersive experiences and community, and blockchain, a technology that…