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Quantum threat to Bitcoin is real, but manageable, says Wall Street broker Bernstein

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Wall Street broker Bernstein said the rise of quantum computing poses a credible but manageable threat to Bitcoin and the broader crypto ecosystem as recent advances shorten the timelines for potential attacks on modern crypto. Advances such as Google Quantum AI’s reported reduction in qubit requirements suggest that risk is no longer a decade-long, distant […]

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White House Study Bolsters Crypto’s Position in Fighting Bankers for Stablecoin Yield

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A White House report released Wednesday directly challenges the banking industry’s claims that stable coin yields would drain deposits and weaken lending to households and small businesses. Instead, banning these stablecoin rewards would have only a negligible impact on credit creation, according to the analysis published by the Council of Economic Advisers (CEA). The White

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Pharos Raises $44 Million in Series A to Fuel Tokenization of Real-World Assets

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Pharos Network, a layer 1 blockchain focused on real-world tokenized assets, said it has raised $44 million in a Series A round led by a mix of traditional financial and crypto investors. Backers include the venture arm of Sumitomo Corporation, SNZ Holding, Chainlink and Flow Traders, as well as unnamed financial institutions that the company

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Morgan Stanley’s Bitcoin ETF attracts $33.9 million on day one

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Morgan Stanley’s spot Bitcoin exchange-traded fund (ETF) began trading Wednesday with strong initial activity, seeing more than 1.6 million shares traded and about $34 million in inflows, the bank said. The fund, listed under the ticker MSBT, tracks the CoinDesk Bitcoin Benchmark settlement rate as of 4 p.m. in New York and charges an expense

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Standard Chartered explores full takeover of crypto custodian Zodia: Bloomberg

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Standard Chartered PLC reportedly seeks to fully acquire Zodia Custody Ltd. to merge it with one of its digital assets divisions, sources familiar with the matter told Bloomberg on Wednesday. The “restructuring” plan, which could come as soon as this month, envisages merging Zodia’s cryptocurrency custody business into one of the investment bank’s divisions that

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BTC’s next bull run will be driven by bank and digital credit, says Strategy’s Michael Saylor

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Michael Saylor, executive chairman of Strategy (MSTR), believes that bitcoin likely bottomed in early February at $60,000. Speaking at a recent Mizuho event, Saylor reiterated his long-held view that dips are not necessarily related to valuations but are driven by seller exhaustion, analysts Dan Dolev and Alexander Jenkins wrote. Trend reversals, he added, are driven

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Bernstein says quantum threat to Bitcoin is real but manageable

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Network News BERNSTEIN SAYS QUANTUM THREAT TO BITCOIN IS REAL BUT MANAGEABLE: Wall Street broker Bernstein said the rise of quantum computing poses a credible but manageable threat to Bitcoin and the broader crypto ecosystem, as recent advances shorten the timelines for potential attacks on modern crypto. Advances such as Google Quantum AI’s reported reduction

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Yuga Labs Settles Bored Ape NFT Lawsuit, Ending Fight Over Alleged Copy Tokens

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Yuga Labs has settled its lawsuit against artists Ryder Ripps and Jeremy Cahen for their alleged copying of its Bored Ape Yacht Club Collection non-fungible tokens (NFTs). The deal ends a two-year dispute over whether the duo’s project, which reused footage from Bored Ape, crossed the line between satire and trademark infringement. The proposed court

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South Korea proposes comprehensive digital assets law, including stable rules

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South Korea’s ruling Democratic Party on Wednesday proposed a “Digital Assets Basic Law” that would establish a legal framework for digital assets, including issuance, trading, custody and monitoring. “Digital assets are emerging as an essential means connecting the real economy and financial markets,” the proposal states. It defines value-linked digital assets, including those linked to

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US Treasury to Propose Requiring Stablecoin Companies to Be Responsible for Policing Bad Transactions

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A company issuing stablecoins in the United States would have a series of new tasks to fend off criminals and keep government watchdogs informed of bad actors, according to rules about to be proposed by the U.S. Department of the Treasury and reviewed by CoinDesk. A joint proposal from the Treasury’s Financial Crimes Enforcement Network

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