This report examines the current state of quantum computing, the potential risk it poses to Bitcoin’s value, existing ways to lessen that risk, and how the Bitcoin community could work together to update its software and protect it.
On a Sunday, no less-a day traditionally reserved for repose and reflection-Giancarlo took to the modern pulpit of X to proclaim his departure from Willkie Farr & Gallagher. “No more legal practice,” he declared, with the air of a man casting off the shackles of propriety. Henceforth, his days shall be spent in the company of fintech founders, CEOs, and the enigmatic boards of digital asset firms. A noble endeavor, no doubt, though one cannot help but wonder if the allure of the crypto realm has not clouded his once-steadfast judgment.
Bitcoin found support near $71,200, which is basically its emotional safety blanket. It then gained pace like a toddler on a tricycle, moving above $72,500 and $73,200. The bulls, ever optimistic, pushed it past $75,000, hitting a high of $76,088 before deciding, “Eh, let’s take a breather.”
So, the Ethereum Foundation (yes, the cool kids of blockchain) just dropped a new program because apparently, security audits are the avocado toast of the crypto world-expensive and everyone wants them. But don’t worry, they’re here to subsidize your FOMO.
The Bitcoin network is currently about halfway through a process that started in April 2024. This process, called a halving, will reduce the reward miners receive for creating new blocks. Around April 2028, when Bitcoin reaches block 1,050,000, the reward will decrease from 3.125 to 1.5625 Bitcoin per block.
The billionaire, whose pockets are as deep as the Grand Canyon, has a history with Bitcoin as tangled as a barbed wire fence. He recalls, with a chuckle that’s part nostalgia, part bitterness, “I bought Bitcoin at $4. Or so I thought.” Ah, the folly of youth-or perhaps the folly of trusting Butterfly Labs, those scoundrels who mined their own fortune before delivering the goods. By the time Draper’s chips arrived, Bitcoin had galloped past $30, leaving him in the dust.
Protocol 23 will let property, stocks, and commodities be sliced into Pi tokens, tying the network to enormous markets that other chains pretend to understand.
This announcement means Goldman Sachs is joining other major Wall Street firms in creating ways for investors to buy Bitcoin directly. Morgan Stanley recently launched a similar product just a few days ago.
