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Bitcoin Faces Greater Quantum Computing Risk Than Ethereum, Citi Warns

Citi has warned that Bitcoin is at a higher risk from quantum computing threats compared to Ethereum. The bank's analysts highlighted that Bitcoin's reliance on the SHA-256 hashing algorithm makes it more vulnerable to potential quantum attacks. In contrast, Ethereum's transition to a proof-of-stake model may offer better resilience against such threats. The report emphasizes the need for cryptocurrencies to enhance their security measures in light of advancing quantum technology. Citi's findings suggest that the crypto industry should proactively address these risks to safeguard digital assets.

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Galaxy secures New York BitLicense to expand institutional crypto services

Galaxy Digital has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing it to expand its institutional cryptocurrency services in the state. This license enables Galaxy to offer a range of services, including trading and custody for digital assets. The acquisition of the BitLicense is

Odds against rate cuts high as new US Fed chair set for swearing in

The upcoming swearing-in of the new US Federal Reserve chair coincides with increasing speculation that interest rate cuts are unlikely in the near future. Economic indicators suggest persistent inflation, which may prompt the Fed to maintain or even raise rates instead of cutting them. Analysts believe that the new chair

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Retail demand for Bitcoin has plummeted by 73%, indicating a significant decline in interest among individual investors. Concurrently, futures selling has surged, exceeding $2 billion, suggesting that bearish sentiment is taking hold in the market. Analysts are concerned that this shift could signal a downturn in Bitcoin's price.

Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say

Hyperliquid's recent deal involving USDC is expected to significantly boost the HYPE token's value, potentially increasing demand and trading activity on its platform. Analysts suggest that this move could put pressure on major players like Circle and Coinbase by intensifying competition in the stablecoin market. The

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Galaxy secures New York BitLicense to expand institutional crypto services

Odds against rate cuts high as new US Fed chair set for swearing in

Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?

Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say