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Google's new quantum chip, Willow, has sparked concerns about Bitcoin's cryptographic security, as it significantly reduces error rates and handles complex tasks. While experts like Ben Sigman assert that current quantum capabilities are insufficient to threaten Bitcoin, others, including Charles Edwards, warn that advancements in quantum computing could pose a real risk if Bitcoin's cryptography isn't upgraded soon. The debate highlights the urgent need for proactive measures in the face of rapidly evolving technology.
Alphabet shares have been consolidating below their July record high of $190, following a strong performance in Q3 with sales up 15% and net income up 34%. Despite ongoing legal challenges, the stock shows potential for a bullish rally, with analysts targeting $206 as it forms a bullish reversal pattern. A breakout from the current consolidation could signal a new phase of tech outperformance.
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Hedera's native cryptocurrency, HBAR, has surged 430% recently, reaching $0.392 and a market cap of nearly $13 billion, attracting significant investor interest. Analysts suggest that while a $100 price point seems ambitious, it could be feasible with substantial market cap growth and real-world adoption, particularly in decentralized finance and tokenized assets. The backing of major corporations enhances HBAR's credibility, positioning it as a strong contender in the blockchain space, provided it continues to attract developers and ensure scalability.
Google's new quantum chip, Willow, boasts 105 qubits and significantly reduced error rates, raising concerns in the crypto community about Bitcoin's security. Early Bitcoin transactions, using a vulnerable public key format, could be at risk if quantum computing advances further. However, experts believe Bitcoin remains secure for now, as current quantum capabilities are insufficient to crack its cryptography faster than transaction confirmation times.
INX Digital Company has launched "Buy Assets," a new trading experience aimed at simplifying access to Real-World Assets (RWAs) for retail investors. This user-friendly platform enhances wallet integration and streamlines the trading process, allowing for instant order execution without complicated charts. Throughout 2024, INX has expanded its offerings, including trading tokenized shares of major companies like Google, Tesla, and Nvidia, reinforcing its commitment to bridging traditional finance with blockchain technology.
Google's Willow quantum chip, introduced by CEO Sundar Pichai, marks a significant advancement in quantum computing with 105 qubits and error reduction capabilities. This breakthrough has sparked discussions in the crypto community regarding Bitcoin's cryptographic security, highlighting the urgent need for post-quantum encryption within the next decade. Experts assert that while Bitcoin remains secure for now, proactive measures are necessary, especially for early-minted coins using the vulnerable Pay-to-Public-Key format.
Google's quantum chip, Willow, has achieved 105 qubits but still falls short of the 1 million qubits needed to crack Bitcoin's encryption. Despite advancements in quantum computing, experts assert that Bitcoin remains secure for now, though discussions on post-quantum cryptography are becoming increasingly relevant. Countries like the U.S., Bhutan, and El Salvador are exploring Bitcoin as a strategic reserve, with the U.S. holding over 198,000 BTC.
Google's new quantum computing chip, Willow, can solve complex problems in under five minutes, raising concerns among Bitcoin users about potential vulnerabilities. However, experts assert that significant advancements are still needed, as a quantum computer would require 13 million qubits to compromise Bitcoin within 24 hours. This breakthrough highlights the urgency for advancements in post-quantum cryptography.
XRP, Dogecoin, and Cardano's ADA experienced significant declines of up to 15% amid heightened selling pressure, coinciding with Google's announcement of benchmark tests on its new quantum computing chip, raising concerns over crypto privacy. The overall market capitalization fell by 6.5%, marking the largest drop since October, with over $1.5 billion in bullish positions liquidated, the highest since 2021. Major tokens, including Bitcoin and Ether, also faced losses, as market analysts warned of short-term selling pressure following an overheated market.
Regina Bachmann, daughter of the late building contractor Leopold Bachmann, is facing backlash for evicting 200 tenants from the affordable "Sugus" houses in Zurich to maximize profits. The city government is considering purchasing the properties to support housing policy, raising concerns about taxpayer funds being used to benefit a wealthy heiress. Critics argue that the city's spending, including a budget of 500 million for land purchases, disproportionately impacts hardworking taxpayers while benefiting those who do not contribute equally.
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