Latest news with #bitcoin
Yahoo
6 hours ago
- Business
- Yahoo
Project Eleven Raises $6M to Defend Bitcoin From the Coming Quantum Threat
Project Eleven has raised $6 million to protect bitcoin BTC from the existential threat of quantum computing, as fears mount that the network's core cryptography could one day be rendered obsolete. The round was co-led by Variant Fund and Quantonation, with participation from Castle Island Ventures alongside founding investors Nebular and Formation, according to a release. "As quantum computing capabilities advance, the threat to systems like Bitcoin is no longer theoretical, it's imminent," Alex Pruden, CEO of Project Eleven, said in a release. "This funding allows us to stay ahead of that curve, building the tools, standards, and ecosystem required to ensure digital assets remain secure in a post-quantum world,' Pruden said. Earlier this year, Project Eleven launched the Q-Day Prize, offering 1 BTC to the first team that can break Bitcoin's elliptic curve cryptography (ECC) using a quantum computer. 'We define Q-Day as the moment when quantum computers become capable of breaking the elliptic-curve cryptography that secures private keys used by Bitcoin,' said Conor Deegan, co-founder and VP of Engineering at Project Eleven in a release. Project Eleven also announced it is launching Yellowpages a post-quantum cryptographic registry where users can generate hybrid key pairs, create proofs linking them to their existing BTC addresses, and timestamp those proofs on a verifiable ledger. Yellowpages works by having users generate a new key pair using post-quantum cryptographic algorithms, such as lattice-based systems, that are resistant to the types of attacks a future quantum computer could launch. They then create a cryptographic proof linking this quantum-safe key to their existing BTC address. That proof is timestamped and stored in Yellowpages, a public registry hosted off-chain. It doesn't move funds or alter anything on the Bitcoin blockchain, but creates a verifiable paper trail of wallet ownership that could serve as a fallback if elliptic curve cryptography is ever broken. 'Preparing ahead of Q-Day means ensuring that digital assets remain secure and verifiable in a post-quantum world. With Yellowpages, we're giving users free, audited, and open-source tools to proactively establish quantum-resilient ownership today,' Deegan continued. The approach contrasts with solutions like QRAMP, a Bitcoin Improvement Proposal that mandates a hard-fork migration to quantum-safe addresses. While effective in theory, QRAMP and similar proposals face a high barrier to adoption because they would require consensus, a tall order in a governance environment known for caution. Ethereum's multi-year journey to Proof-of-Stake and Bitcoin's recent OP_RETURN debate are reminders of just how slow protocol change can be, and some analysts have warned that the slow governance process is a threat itself. This route would bypass the need for consensus, while also facilitating the mass adoption of quantum defenses. As Rick Maeda of Presto Research recently warned in an interview with CoinDesk, quantum defenses must be built linearly, not reactively, because by the time the threat is real, it's already too late. Project Eleven's latest moves suggest some in the crypto industry are taking this threat seriously while acknowledging the weakness of current methods.
Reuters
11 hours ago
- Business
- Reuters
Bitcoin Cloud Mining Gets Retail Investor Boost in 2025 as VNBTC Rolls Out New Daily Profit Plans
LONDON, United Kingdom, June 19, 2025 (EZ Newswire) -- VNBTC, opens new tab, a leading cloud mining platform, is rapidly growing by making mining accessible, secure, and rewarding for individuals without the need for costly hardware or technical expertise. As the global bitcoin mining landscape shifts with billion-dollar expansions from mining magnates like Holmes' M2, an increasing number of retail investors are discovering an alternative path to earning crypto through cloud mining. 'While institutional mining companies push the boundaries of scale, many everyday users want a simpler, greener way to build crypto wealth,' said a VNBTC spokesperson. 'That's where cloud mining shines — especially with platforms like VNBTC that offer free cloud mining and flexible plans tailored to different budgets.' Why Cloud Mining Matters in 2025 The bitcoin ecosystem continues to evolve amid rising energy costs, increased regulatory scrutiny, and growing demand for sustainable crypto solutions. Large-scale operations like M2 are expanding aggressively, yet the barrier to entry remains high for most individual investors. Cloud mining platforms such as VNBTC democratize access by eliminating the need for personal mining rigs, electricity costs, or maintenance. VNBTC Platform Features VNBTC's Top Mining Plans: Flexibility Meets Profitability VNBTC offers a diverse selection of mining plans designed to cater to every type of investor—from absolute beginners to experienced crypto enthusiasts. Whether you want to test the waters or maximize your returns, there's a plan to suit your needs. By offering a range of plans, VNBTC empowers users to scale their mining activity as their confidence and capital grow. Whether you're looking for a low-risk introduction or aiming for higher yields, VNBTC's flexible options make cloud mining accessible and profitable for everyone. Growing Community and Supportive Ecosystem VNBTC not only offers mining plans but also encourages users to build passive income through a lucrative referral program, rewarding up to 3% commission on direct referrals and 1.8% on indirect ones. Additionally, their global bounty program empowers crypto enthusiasts to earn by promoting VNBTC's services creatively across social media and content platforms. How to Get Started in 3 Simple Steps 'As mining giants scale up, the opportunity for retail investors is bigger than ever,' explains the spokesperson. 'VNBTC is committed to helping people from all walks of life tap into the crypto revolution — safely, simply, and profitably.' About VNBTC VNBTC is a pioneering cloud mining platform dedicated to democratizing crypto mining worldwide. Combining cutting-edge technology with user-friendly interfaces and transparent operations, VNBTC provides a seamless experience for mining Bitcoin, Ethereum, Dogecoin, and more—without the technical hassle or hardware costs. For more information, visit opens new The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Media Contact James ### SOURCE: VNBTC Copyright 2025 EZ Newswire See release on EZ Newswire
Yahoo
13 hours ago
- Business
- Yahoo
Ether, Solana, and Other Majors Could Slide Further as Trump Threatens Iran Strikes
Crypto majors slid further on Thursday and the dollar gained ground as fears of a broader conflict in the Middle East intensified. XRP XRP, Cardano's ADA ADA, and Solana's SOL SOL lost over 1% in the past 24 hours, while dogecoin DOGE is flat on the day but down over 10% for the week, wiping out its early June rally. Ether ETH lost 0.7%, reversing all gains from earlier in the week. As such, spot bitcoin BTC exchange-traded funds (ETFs) in the U.S. continued to attract inflows, with over $389 million in fresh buys on Wednesday, data shows. Spot ETH ETFs racked up $19 million in positive flows. U.S. officials are reportedly weighing a direct strike on Iran, while the Federal Reserve flagged a more persistent inflation outlook, spooking investors and pushing equities, crypto majors, and commodities into choppy waters. Fed Chair Jerome Powell warned on Wednesday that tariffs and global conflict could make it harder to tame inflation. While the central bank held rates steady, Powell said the cost of tariffs 'will fall on the end consumer,' and that the Fed needs to 'see more' before cutting. Altcoins, considered higher-risk bets, are typically the first to get dumped in times of macro stress. Bitcoin continues to remains rangebound. While the largest cryptocurrency has climbed 13% year-to-date, buoyed by ETF inflows and dollar weakness, it hasn't acted decisively as either a safe haven or a risk asset this week. 'Bitcoin seems stuck between two worlds,' said FxPro analyst Alex Kuptsikevich. 'It's not reacting to rising risk appetite, nor surging like gold during heightened conflict.'
Yahoo
21 hours ago
- Business
- Yahoo
Bitcoin 'Accumulator' Better Fit for Corporates Than Dollar-Cost Averaging Strategy, Research Suggests
Corporate adoption of bitcoin BTC is well-known, and most of it involves a classic buy-and-hold strategy, loosely analogous to the dollar-cost averaging (DCA) strategy. While investors of all kinds widely prefer DCA, new research by crypto options market maker Orbit Markets shows that since 2023, it has underperformed a structured product called an "accumulator," popularly known as "I Kill You Later" in traditional markets. "Our backtest results show that the accumulator strategy outperformed DCA over the past 2.5-year period," said Pulkit Goyal, head of trading at Orbit Markets, told CoinDesk. "Three-month accumulators delivered a 10% outperformance, while longer tenors did even better — six- and twelve-month accumulators outperformed by 13% and 26%, respectively." Goyal added that accumulators offer a disciplined, cost-effective approach to token accumulation, making them "a natural fit for crypto treasury companies' use case." Both DCA and the accumulator operate the same principle – stop timing the market. While DCA simplifies investing by spreading out purchases over time, the accumulator helps acquire coins at a discount in a structured setup and helps outperform DCA during bull runs. The accumulator is a time-structured product linked to the performance of an underlying asset with an upside knock-out barrier – level, which, if hit, terminates the structure. Here is how it works: An investor agrees to buy a certain amount of the underlying asset at a fixed, discounted price (the Strike) over regular intervals, such as daily or weekly, for a set period. The product runs through the pre-determined set period unless terminated early due to an early knock-out by the spot price rising to the barrier. Note that the investor has an obligation, not a choice, to buy the asset at the discounted strike price and must double the buy in case the spot price dips below the discounted strike. Consider a three-month accumulator where an investor commits to buy $1,000 worth of BTC every week at a strike price of $94,500, with a knock-out level of $115,000. The strike price of $94,500 is 90% of the current spot price of around $105,000. In other words, the investor is now mandated to snap up coins at a discount, assuming the spot price holds above the strike price of $94,500 and below the knock-out of $115,000. If BTC tops the knock-out level, the structure is terminated. If the price falls below $94,500, the investor doubles the weekly purchase to $ 4,000 at the same strike, i.e., $94,500 – there is no way out, meaning the investor ends up buying at a price higher than the prevailing market rate. (this is why it gets the nickname "I kill you later.") Hence, the accumulator is not suitable for day traders, short-term traders and speculators and may not necessarily outperform DCA in a bear market. Orbit backtested a three-month BTC accumulator, spanning from January 2023 to June 13, 2025, assuming the investor continuously rolled into a new one upon reaching maturity or a premature knock-out event. Results show an average BTC acquisition cost of $39,035 for the accumulator, which is 10% lower than the DCA average purchase price of $43,329. The DCA involved investing a fixed dollar amount in BTC every week. Longer maturity accumulators of 6 and 12 months performed even better, achieving average costs of $37,654 and $32,079, respectively, outperforming DCA by 13% and 26%.
Yahoo
21 hours ago
- Business
- Yahoo
The Blockchain Group Adds 182 Bitcoin, Lifts BTC Holdings to Over $170M
The Blockchain Group (ALTBG), a Paris-listed tech firm that brands itself as Europe's first bitcoin BTC treasury company, said it bought 182 BTC for 17 million euros ($19.6 million), bringing its total stash to 1,653 BTC valued at nearly 149 million euros. The purchase follows a series of convertible bond issuances totaling over 18 million euros, subscribed by UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans and asset manager TOBAM. It also converted share warrants into nearly 3 million ordinary shares, raising another 1.6 million euros for bitcoin purchases. The company said it achieved a 1,173% BTC yield so far this year. The metric is defined as the ratio of total BTC held to fully diluted shares outstanding. Several companies use the term to measure how accretive their bitcoin acquisition strategy is, though they may track the yield in different ways. Even so, The Blockchain Group's figure stands out. Strategy (MSTR), the world's largest corporate holder of bitcoin, reported a 19.1% BTC yield year-to-date while Metaplanet (3350) reported 266.07% and Semler Scientific (SMLR) 26.7%. The Blockchain Group's bitcoin was purchased through Swissquote Bank Europe and Banque Delubac, and is held in custody by Taurus, a Swiss digital asset infrastructure provider. The latest round of purchases brings the average cost basis of the firm's bitcoin to about 90,000 euros per coin. Shares of The Blockchain Group fell 2.1% to 4.895 euros in early Wednesday trading on Euronext Paris. The benchmark CAC 40 Index was little changed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
