$9 Billion Bitcoin Dump Sparks Talk, But Galaxy Digital Dismisses Quantum Link
Galaxy Digital moved quickly to push back on a narrative that a massive Bitcoin trade it handled was driven by fears about quantum computers. Reports say the massive trade happened, but the firm’s researchers made it clear that the motive was not a sudden technological panic. Related Reading: Elon Musk’s xAI Seeks Human Brain To […]
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Bitcoin’s quantum risk is real, but the network is not sleepwalking into it. That is the core conclusion of a March 19 research note from Galaxy Digital, which argues that while a sufficiently powerful quantum computer could one day threaten exposed Bitcoin wallets, developers are already doing substantial work on mitigation and migration. Will Owens, […]
Quantum computing has become a durable risk narrative for Bitcoin. This week, Galaxy Digital head of research Alex Thorn sat down with Strategy executive chairman Michael Saylor addressing the issue, shortly after Saylor posted his own “Bitcoin Quantum Leap” thesis on X. “The Bitcoin Quantum Leap: Quantum computing won’t break Bitcoin—it will harden it. The […]
Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of Palo Alto, California-based BitGo by digital asset investment firm Galaxy Digital has been canceled, ending one of the biggest acquisitions in cryptocurrency history. In […]
Google’s decision to pull its post-quantum cryptography migration timeline forward to 2029 has landed hard in Bitcoin and crypto, because the company did not just change a policy deadline. It paired that warning with a new whitepaper arguing that breaking the 256-bit elliptic curve cryptography used across major blockchains may require far fewer quantum resources […]
Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a combination of zero and one, with some ...