News Explorer — Project 11 Secures $6 Million to Protect Bitcoin From Quantum Computing Threats, Urging Cryptography Upgrades

Generated by AI, curated by humans

Jun 19, 4:12 pm

Decrypt

Project 11 Secures $6 Million to Protect Bitcoin From Quantum Computing Threats, Urging Cryptography Upgrades

Project 11 raised $6 million in a seed round to safeguard Bitcoin from potential threats posed by quantum computing. The funding was co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation, emphasizing the urgency for upgrading to quantum-safe cryptography.

Project 11 raised $6 million in a seed round to safeguard Bitcoin from potential threats posed by quantum computing. The funding was co-led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation, emphasizing the urgency for upgrading to quantum-safe cryptography.

Latest

Dec 12, 12:57 am

Decrypt

SEC Approves Pilot For Major Stock Clearinghouse to Test Recordings of Blockchain-Based Securities

The SEC has granted approval for a three-year pilot program allowing a clearinghouse to test recording certain securitie... Read Summary

Dec 11, 10:02 pm

Decrypt

Terraform Labs Founder Do Kwon Sentenced to 15 Years For Collapse of UST and Luna

Terraform Labs founder Do Kwon was sentenced to 15 years in prison for committing an "unusually serious" fraud that led... Read Summary

Dec 11, 9:40 pm

Decrypt

Save the Children Introduces Bitcoin Fund to Expedite Aid Delivery

Save the Children is utilizing cryptocurrency to accelerate aid delivery by launching a Bitcoin fund to hold donations f... Read Summary

Dec 11, 3:57 pm

Decrypt

Bitcoin Treasuries Are Starting to Sell BTC as Unrealized Losses Grow: Report

Bitcoin Treasuries' report revealed that many Bitcoin-buying firms faced unrealized losses as the asset's price fluctuat... Read Summary

Dec 11, 3:24 pm

Coindesk

Hong Kong's OSL Group Teams With Anchorage Digital to Debut USDGO Stablecoin

OSL Group and Anchorage Digital are collaborating to launch a new U.S. dollar stablecoin, USDGO, backed by liquid U.S. d... Read Summary

Dec 11, 3:00 pm

Coindesk

Coinbase to Use Chainlink to Connect Wrapped Assets to Oracle Networks for DeFi Protocols

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has been chosen by Coinbase as the exclusive bridge for all Coi... Read Summary

Dec 11, 3:14 pm

Decrypt

Spanish Authorities Dismantle Group Involved in Alleged Kidnapping and Murder for Crypto Theft

An organization allegedly involved in the kidnapping and murder of a man in Málaga was dismantled by Spanish Policía Nac... Read Summary

Dec 11, 2:50 pm

Decrypt

Coinbase to Limit USDC Rewards to Premium Subscribers

Coinbase will discontinue USDC rewards for non-paying customers, reserving the 4% interest for premium subscribers. Only Coinbase One members will receive USDC yield beginning December 15. Read Summary

Dec 11, 2:38 pm

bitcoinmagazine.com

Satsuma Technology Sells Half Its Bitcoin Treasury

Satsuma Technology sold nearly half of its bitcoin treasury, raising £40 million in net proceeds, to ensure liquidity fo... Read Summary

Dec 11, 2:00 pm

Coindesk

Nexo to Acquire Argentina's Buenbit to Strengthen Foothold in Latin America's Crypto Market

Nexo has agreed to acquire Buenbit, a crypto investment platform in Argentina, to expand its presence in Latin America.... Read Summary

Dec 11, 2:00 pm

Coindesk

DYdX Rolls Out Solana Spot Trading Globally

DYdX Labs is introducing its first spot trading product, offering Solana spot markets globally, including the U.S. This... Read Summary

Dec 11, 2:01 pm

Decrypt

Venezuela's Dependence on Crypto Is Driven by Economic Collapse and Sanctions: TRM Labs

Venezuela has increasingly relied on crypto, particularly Tether's USDT stablecoin, due to economic collapse and interna... Read Summary

Dec 11, 1:18 pm

Decrypt

VanEck's 'Degen Culture' ETF Will Cover Crypto Firms, Gig Work, Betting and More

VanEck is rebranding its Gaming ETF to the VanEck Degen Economy ETF, tracking companies in digital trading, gig work, be... Read Summary

Dec 11, 12:36 pm

Decrypt

Xiaomi to Preinstall Sei's Crypto Wallet for Global Users

Sei blockchain partners with Xiaomi to preinstall a crypto wallet on smartphones sold outside the U.S. and China. The co... Read Summary

Dec 11, 11:59 am

Coindesk

Lion Global Investors and Marketnode Introduce Singapore Physical Gold Fund on Solana

Marketnode and Lion Global Investors are launching the Singapore Physical Gold Fund on Solana, allowing investors to acc... Read Summary