IBM said its new processors and software breakthroughs will speed its path toward fault-tolerant quantum computing by 2029.

Quantum computing may prove to be an existential threat to Bitcoin, but human panic and slow preparation are bigger short-term risks.

Bitcoin quantum risk surge debate as experts warn SegWit wallets offer only short-term protection until quantum-resistant upgrades arrive.

Credit: Getty / Andriy Onufriyenko The China National Computer Virus Emergency Response Center (CVERC), Beijing’s primary cybersecurity agency, has accused Washington of stealing 127,272 Bitcoin — worth more than $13 billion USD at today’s exchange rate — in a December 2020 hack.

Bitcoin faces a quantum deadline by 2028, driving urgency for post-quantum cryptography to secure global digital assets.

Someone with a sufficiently-powerful quantum computer could be able to find the private keys for these addresses by breaking the encryption associated with them. And at current prices, we’re talking about a $460 billion treasure chest of vulnerable bitcoin, according to a previous report from Deloitte.

Samson Mow has told Zcash holders to cash out and buy Bitcoin, while also likening ZEC to a chart of the Dogecoin price.