Crypto News
Can Quantum Computers Break Bitcoin? Google’s Latest Chip Sparks Fresh Debate
Google's new Willow quantum processor has reignited discussions around blockchain security and their ability to withstand rapid advancements.Source link
Magic Eden’s $5B Token Airdrop Raises Crypto Wallet Security Questions
Early traders of NFT marketplace Magic Eden's new token ME had a lot to be thankful for – if they could access their airdrops, that is.In the first minutes of trading Tuesday, the token's fully diluted valuation hit $15 billion. But as more claimants managed to process their airdrops – and in some lucky cases, sell – that valuation began to crater. It eventually settled at an FDV around $5 billion.ME's rocky rollout stood in sharp contrast to other recent token launches. Hyperliquid's HYPE token immediately went parabolic after launching in late November. And Move's days-old MOVE token had a far more stable rollout – even shooting up at times.Some observers saw ME's down-only price action as comeuppance for a...
Magic Eden Traders Rush to Claim Solana Token as Airdrop Value Tops $700 Million
Some ME claimants faced issues early on due to demand, but the token launch still substantially rewarded Magic Eden NFT marketplace users.Source link
Australian Fintech Report: Blockchain and Crypto Sector Contracts Amid Global Shift to AI
A recent KPMG report shows a 14% decline in the number of active firms in Australia’s blockchain and cryptocurrency sector in 2024. M&A and Investment Activity Subdued in 2024 According to a recently released KPMG report, the number of active firms in Australia’s blockchain and cryptocurrency sector dropped from 85 to 74. This translates toSource link
El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry
El Salvador and Argentina are partnering to help develop the crypto industry in Latin America.Juan Carlos Reyes, El Salvador’s top crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, the president of the Comisión Nacional de Valores of Argentina (CNV), on Tuesday signed an agreement for the two countries to collaborate on crypto regulation.“At CNAD we have two core objectives, when it comes to international collaboration,” Reyes told CoinDesk in an email. “To share our expertise with international partners, enabling them to harness the benefits of a well-regulated industry. … to broaden the international footprint of our regulated companies by forging strategic partnership agreements with nations worldwide.”“This landmark agreement with Argentina holds particular...