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Quantum Countdown: Expert Warns Bitcoin Must Adapt by 2028

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Charles Edwards, founder of Capriole Investments, has issued a stark warning: Bitcoin's cryptographic foundations face a potential threat from quantum computing. The Core Warning: Edwards suggests that if Bitcoin does not develop quantum resistance by 2028, its price could plummet below $50,000 due to a crisis of confidence. The Nature of the Threat: Advanced quantum computers could, in theory, break the encryption securing user wallets. This would expose private keys, making funds and data vulnerable. The Timeline: While often seen as a distant future problem, Edwards predicts the risk window could accelerate, making 2028 a critical horizon for the entire industry. The message is clear: proactive adaptation is no longer optional — it's essential for Bitcoin's long-term survival and valuation.

Are cryptocurrencies a financial bubble?

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Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market. What is a market bubble? A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which sooner or later leads to its sharp fall. Economic bubbles do not appear suddenly. They can take months or years to form, and they can cover any area of the economy, from real estate to stocks. Although some experts consider economic bubbles to be a myth, most economists do not share this view and identify a number of reasons for their occurrence: Unreasonable investor behavior and desire for quick profits. Low-interest loans that encourage borrowing and increase purchasing power. The i...

Bitcoin: forecasts from Polymarket

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Participants of the Polymarket forecasting platform made bets on the likely bitcoin rate in August 2024. 48% of users believe that the price of BTC will fall below $60,000. According to the information provided by the platform, 26% of customers bet that the value of bitcoin will drop to $55,000. 12% of users assume that the price of BTC will collapse to $50,000. Another 4% of Polymarket participants were extremely pessimistic, believing that bitcoin is due for a correction to $45,000. Historically, August, as well as September, are considered the weakest months for BTC.

Here's why bitcoin is much more attractive than gold right now

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BitMEX co-founder, Arthur Hayes, argues that bitcoin offers more attractive investment opportunities than gold in light of the current economic climate. He attributes this to the shift from a unipolar to a multipolar world order, which is affecting the financial infrastructure. Bitcoin's decentralized nature increases its value. At the same time, government actions, such as funding wars and increasing the money supply, devalue traditional currencies, making assets outside the control of governments more attractive. Arthur Hayes notes that bitcoin, backed by blockchain technology, is becoming a modern alternative to gold as a means of saving. He predicts that in the face of inflation and increasing money supply, bitcoin will be the preferred instrument for preserving value.

Billionaire Peter Thiel is not sure about the massive growth of bitcoin

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The former CEO of payment company PayPal and billionaire Peter Thiel said he doesn't see the massive growth of bitcoin starting anytime soon. During the Founders Fund program on CNBC Peter Thiel said that he still has some BTC in his wallets, but not as much as he should have. At the same time, Peter Thiel is not sure when a new batch of buyers will come to the market, as now all eyes are on the results of spot bitcoin ETFs. It is quite possible that the rate will rise by some percentage, but it will be a volatile period with large drawdowns and growth. Peter Thiel invested in bitcoin back in 2014, and recorded a $1.8 billion profit in 2022 before the rate plummeted, but as it turns out, Peter Thiel has become a bit disillusioned with bitcoin, as he initially saw BTC as anarchic, out-of-control money for governments, but people at the FBI say it would be better if criminals used bitcoin instead of $100 bills, so the technology isn't working the way it should.

Hackers hacked into Metallica's account to promote METAL tokens

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Hackers hacked into Metallica's social network X account to promote their METAL token on the Solana blockchain. The scammers managed to earn $3 million. In the first tweet posted on behalf of Metallica, the attackers announced that the METAL token would improve fan interaction with the music band. Subscribers were told that the developers of the METAL token have partnered with Ticketmaster, so investors can enjoy discounts of up to 25% on concert tickets, as well as participate in an exclusive token giveaway. The hackers then published another tweet that talked about a partnership with the MoonPay payment service, making it possible for users to buy METAL tokens with credit and debit cards. MoonPay management soon denied the information, saying that they do not support the token: If someone is offering you a $METAL token, they are not the master of puppets – they’re the master of scams! — MoonPay About 20 minutes after the hacker tweets were published, the market capitalizatio...

4 ways to invest in cryptocurrency without buying it

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What to do if you want to be in the cryptocurrency market, but do not want to buy coins directly? I will tell you in the article what are the ways. Cryptocurrency ETFs Cryptocurrency Exchange Traded Funds (ETFs) are exchange traded investment funds that track the prices of cryptocurrency assets. By purchasing ETFs, you can access changes in the value of cryptocurrencies without the need to manage private keys and store digital wallets. Grayscale Bitcoin Trust (GBTC) is one of the well-known cryptocurrency ETFs. With GBTC, you get exposure to the price of bitcoin. For example, if you buy GBTC shares and the price of bitcoin doubles, the value of your GBTC shares will also double. Bitwise 10 Crypto Index Fund (BITW) is a fund that invests in the 10 largest cryptocurrencies by market capitalization. The fund buys assets from the Bitwise 10 Crypto Index, excluding Bitcoin. Osprey Bitcoin Trust (OBTC) is a fund that invests only in bitcoin. OBTC allows investors to access...

Ethereum has received a bullish signal for the long term

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Despite the decline in the crypto market, Ethereum and a couple of altcoins have received a bullish signal for the long term. Analytical firm Santiment has published new data. According to the report, the supply of some cryptocurrencies to the wallets of major exchanges has decreased. This indicates that users have become less interested in trading and more interested in saving. Among the cryptocurrencies for which this is observed are Ethereum (ETH), Shiba Inu (SHIB) and Chainlink (LINK). The outflow of ETH from exchange wallets from May 27 to now is 8.6%. For SHIB it is 2.4%, for LINK — 2.9%. At the same time, the volume of crypto-assets on the balance sheets of long-term holders has grown. This means investors who hold assets for a year or more. According to IntoTheBlock, over 24 hours the balance on the wallets of long-term ETH holders grew by 1.4%. For LINK the growth amounted to 0.8%, for SHIB — no change. This is a signal of market confidence in the growth prospects of the ...

You don't have Bitcoin yet?

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Don't be a loser Robert Kiyosaki American entrepreneur Robert Kiyosaki is worried about the losers who have not yet bought bitcoin. Now a lot of people wish they had bought bitcoin at $10, but the market is not going to go back, so you should buy BTC at its current value. Bitcoin is expensive, but not as expensive as it may become in the future. Don't be a loser and buy as many bitcoins as you can, urges Robert Kiyosaki. Everyone buys bitcoin at a price they deserve Michael Saylor Speaking at the BTC Prague event, Michael Saylor said that he was initially skeptical of bitcoin. When he first learned about bitcoin in 2013, the businessman saw it as something similar to online gambling, which made him refuse to invest in BTC. Now Michael Saylor laments that he missed the opportunity to buy bitcoin when it was worth about $892 and ended up buying it for $9500. The MicroStrategy executive has since become a strong supporter of bitcoin, calling BTC "digital gold" and ...

Congressman Tom Emmer has called for a ban on the issuance of the digital dollar

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Tom Emmer, during a speech in the House of Representatives of Congress, protested against the launch of a central bank digital currency (CBDC). According to the congressman, with the help of the digital dollar, federal authorities will be able to access information about citizens' financial transactions. Tom Emmer called CBDC a "surveillance tool" that will help officials track private payments, violating privacy. The congressman cited China as an example, calling the digital yuan a financial system directed against citizens. Tom Emmer believes that the Chinese government is able to spy on its citizens with the digital yuan, and if the digital dollar is launched in the U.S., the same will happen to Americans. The digital dollar could become a burden for the U.S. Federal Reserve System as the central bank takes over the role of commercial banks and gains direct control over individuals' finances. The congressman insists that the Federal Reserve System already consid...

Bitcoin is already dead, long live silver

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Peter Schiff, a well-known financial expert and gold investment advocate, has declared bitcoin a "dead cryptocurrency" despite it trading above $66,000. Peter Schiff is known for his bearish views on the cryptocurrency market. In his opinion, bitcoin has not long left to be "on top", but this time the investor compared the first cryptocurrency not with gold, but with silver. Peter Schiff noted that since April, the growth of bitcoin rate is 2%, and this is too "pale" compared to the growth of silver by 21%. The expert stated: such a low result of bitcoin is a sign of the imminent death of the cryptocurrency. Silver now has a market capitalization of $1.83 trillion, which is $500 billion more than bitcoin's market capitalization ($1.31 trillion). This means bitcoin would have to grow 40% to reach $93,000 and catch up with silver. In the comments, bitcoin supporters objected to Peter Schiff suggesting that he may be selectively using short-term data ...

Bitcoin is the new gold?

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The total market capitalization of gold today is about $13 trillion. The cryptocurrency market is valued at about $1 trillion. Bitcoin still lags far behind gold, but the progress is impressive. Today, lines of code can rival an asset with thousands of years of history. Some people even call bitcoin "the new gold." How correct is such a comparison? Let's find out. Similarities and differences Whether cryptocurrency can be called the new gold is debatable. There are some similarities between the two assets, but there are also some key differences. Similarities Both gold and cryptocurrency are scarce assets. There is a limited amount of gold and a limited amount of cryptocurrencies in the world (in the case of bitcoin, there can be a maximum of 21 million coins). Both are seen as a defense against inflation. When the value of paper currencies (such as the dollar) declines due to inflation, the value of gold and cryptocurrency increases. Both gold and cryptocur...

The Pink Drainer hackers have announced that they will cease operations

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Hackers from the Pink Drainer group announced the termination of their activities due to the successful implementation of a plan to steal $85 million in cryptocurrency. The infrastructure used for the attacks will be destroyed, the group promised. Security experts at the MistTrack platform said that criminals are now actively moving stolen assets by converting to MakerDAO (DAI) tokens. Pink Drainer participants provided other criminals with tools to steal cryptocurrencies through social engineering and the distribution of phishing links. As payment, the developers received commissions and interest on the stolen assets. The representatives of the group emphasized that they do not intend to return the stolen funds and thanked the criminal community for their trust and respect. Cybercriminals believe that their departure will not change the situation for the better in terms of security in the market of digital assets, users will continue to believe fraudsters, investing in scam proje...

Solana leads in average daily number of transactions

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According to a report by analytics platform CoinGecko, in April, the average daily number of transactions per second on the Solana network peaked at 1,504 amid the popularity of memcoins. The researchers pointed out that Solana's network is 46 times faster than Ethereum, and 5 times faster than Polygon, which has the highest average daily number of transactions per second (TPS) among scaling solutions. The report emphasizes that Solana has so far only reached just over 1.6% of its possible maximum capacity of 65,000 TPS. In second place is the Sui network with an average daily number of 854 transactions, which was reached last summer. The relatively fast blockchains that do not support Ethereum virtual machine (EVM) include TON and Near Protocol. BNB Chain and Polygon are leading as the fastest EVM blockchains. According to CoinGecko, nearly all records for average daily transaction counts were set during 2023 and early 2024, driven by increased activity in the onchain driven ...

The investment value of crypto-influencers is zero or negative

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A joint study by researchers from Harvard Business School, Indiana University Business School and Texas A&M University found that the long-term investment value of tweets by popular crypto-influencers not only tends to zero, but can lead to a loss of funds. A team of experts from three institutions analyzed nearly 36,000 posts on the X network on behalf of 180 of the most popular and influential individuals in the crypto community. The study of posts was limited to a two-year period ending in December 2022 and covered more than 1,600 cryptocurrencies. Researchers have obtained compelling evidence that influencers advice about investing in cryptocurrency is, on average, unfavorable. This confirms the validity of regulators concerns that social media can mislead retail investors. People who represent a large share of the entire crypto market and for whom financial losses can be particularly devastating financially and socially. The future of cryptocurrency cannot be built on vira...

Is there a correlation between cryptocurrencies and stocks?

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Many traders have noticed some correlation between the cryptocurrency and stock market. When there is a local crisis, it affects both industries, and during the period of active growth, both types of assets grow. Is there a direct correlation here? And if so, how strong is it? IMF economists have already answered this question. Correlation study According to the IMF study , there is some correlation between the cryptocurrency market and stocks. And it is growing over time. The correlation has grown especially strong between 2020 and 2021. This study included crypto assets such as BTC and ETH, as well as the S&P 500, Nasdaq, Russell 2000 and MSCI EM1 equity indices. Between January 2017 and December 2019, the volatility correlation between Bitcoin and the S&P 500 was 0.1, and between January 2020 and November 2021, it increased to 0.46. The return correlation also increased from 0.01 to 0.36. Similar changes in correlation were seen between Ethereum and the S&P 500. Con...

El Salvador mined 473 BTC through the use of geothermal energy

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🇸🇻 El Salvador's National Bitcoin Office (ONBTC) reported that a mining center located near the Tecapa volcano has mined 473.5 BTC since 2021 through the use of geothermal energy. The power plant located near the Tecapa volcano generates 102 MW of electricity. The mining center located there, equipped with several hundred units, consumes 1.5 MW. 🌋 🌋 ⛏️ The bitcoin mining project was developed by LaGeo. The project was opposed by several environmental organizations, which stated that it would require significant water resources and would be a serious problem for El Salvador. The country's government is trying to raise additional funds to develop bitcoin mining infrastructure by offering tax breaks to investors and continues its policy of buying 1 BTC every day. Currently, the government has 5,750 BTC worth $356 million on its balance sheet. 💰 💰

"It's Time for Bitcoin to Elect the Next President"

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The CEO of Bitcoin Magazine said that he is actively involved in the work of Donald Trump's headquarters. The magazine is assisting with the preparation of a draft regulation of the crypto market, which, the CEO assures, will turn into a regulatory act if the candidate of the Republican Party of the United States wins. David Bailey tried to convince his subscribers that as soon as Donald Trump becomes president again, positive changes for bitcoin and the crypto market in general will follow on the first day. The head of Bitcoin Magazine promised to publish details about the project in the near future. The businessman said the magazine is launching a fundraiser for Republican presidential candidates, with plans to raise $100 million, including in cryptocurrency. David Bailey made it clear that he is desperately counting on the votes of crypto-enthusiasts: It's Time for Bitcoin to Elect the Next President — David Bailey The head of Bitcoin Magazine claims that Donald Trump, ...

New feature in MetaMask

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Consensys, the operator of the MetaMask cryptocurrency wallet, announced the launch of Smart Transactions. Customers will be able to send transactions to a virtual mempool (short for memory pool ) to simulate transactions. The developers promise that the new feature will help counteract the transfer of data to third parties. Consensys representatives claim that Smart Transactions will help protect cryptocurrency wallet clients from MEV bots and other types of fraud. MEV bots monitor mempools with pending transactions, and are activated when they detect large trades. The bots create two trades at once: one before the detected transaction and one after. As a result, the client falls into the asset price slippage trap and loses his funds. In addition to protecting against MEV bots, the virtual mempool can perform transaction modeling, giving users the ability to receive lower fees for cryptocurrency transactions.

Animoca Brands announced the launch of a gaming token on the Bitcoin network

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Hong Kong-based venture capital firm Animoca Brands, with participation from Opal Protocol and Saakuru Labs, is launching the BLIF token. The issuer promises that it will be a native coin of the ecosystem of Web3 Games, entertainment and decentralized finance in the Bitcoin network. According to the official announcement from Animoca Brands, the BLIF token created on the Runes standard will become an asset of the Opal Protocol project. The initiative is supported by Magic Eden, Xverse, HorizenLabs and ALEX. Darewise investment product director Vincent Marty admits that the conglomerate of firms will try to grab a share of the Web3 market, whose capitalization is set to grow from $3.19 billion in 2024 to $16.3 billion in 2028. Animoca Brands has announced a partnership with Saakuru Labs, a project developing the Saakuru tier 2 network. Objective: to develop Web3 games.