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Debate arises over freezing Satoshi's 1M BTC wallets amid quantum computing risks by 2029

Market News
04 Jul 2026
Crypto Briefing
View Source
Neutral
Debate arises over freezing Satoshi's 1M BTC wallets amid quantum computing risks by 2029

A Google Quantum AI report warns that by 2029, quantum computers could crack Bitcoin's cryptography, threatening wallets including Satoshi Nakamoto's 1.1 million BTC. Binance's CZ proposes freezing unmoved wallets after a migration period to prevent quantum attacks, but this conflicts with Bitcoin's principle against confiscation. The debate highlights a major philosophical and security challenge for Bitcoin, with significant market and reputational implications. The community continues to discuss solutions like BIP-361 while investors are urged to migrate coins from vulnerable addresses.

More News

Ethereum's EIP-8288 draft aims to cut quantum-safe transaction costs drastically with recursive STARKs.

Ethereum's EIP-8288 draft aims to cut quantum-safe transaction costs drastically with recursive STARKs.

Ethereum co-founder Vitalik Buterin supports EIP-8288, a draft proposal to include in the upcoming I-Star upgrade. This proposal uses recursive STARK aggregation to bundle cryptographic proofs, potentially reducing quantum-safe private transaction co...

Protocol Fundamentals
Bullish
4 hours ago
XRP Ledger contributor proposes 2027 hybrid quantum testing and 2028 mainnet upgrade

XRP Ledger contributor proposes 2027 hybrid quantum testing and 2028 mainnet upgrade

An XRP Ledger Foundation contributor suggested starting hybrid post-quantum cryptography testing in 2027 with a possible mainnet transition in 2028 to enhance quantum resistance. This proposal is not yet part of any official XRPL roadmap or amendment...

Protocol Fundamentals
Neutral
4 hours ago
Upbit to end trading support for Ravencoin (RVN) on October 12, 2026, details pending.

Upbit to end trading support for Ravencoin (RVN) on October 12, 2026, details pending.

South Korean crypto exchange Upbit announced it will stop supporting trading for Ravencoin (RVN) pairs effective October 12, 2026, at 15:00. The official notice only confirms the date and asset, with details on affected pairs, withdrawal deadlines, a...

Market News
Bearish
4 hours ago
Nomad Foods rated buy on strong brands, market consolidation, and early operational turnaround signs.

Nomad Foods rated buy on strong brands, market consolidation, and early operational turnaround signs.

Nomad Foods, a leading European frozen food company, is rated a buy due to its attractive valuation, strong brand portfolio, and early signs of operational improvement. The company's strategy focuses on growth through mergers and acquisitions across ...

Analyst Insights
Bullish
4 hours ago
Brokers upgrade Currys profit forecasts after strong sales growth in UK, Ireland, and Nordics.

Brokers upgrade Currys profit forecasts after strong sales growth in UK, Ireland, and Nordics.

Brokers Panmure Liberum and Peel Hunt maintain 'buy' ratings on Currys PLC, citing strong sales growth in the UK, Ireland, and Nordic markets. Panmure Liberum highlights that a 1% increase in like-for-like sales could add £12.5 million to profits, dr...

Analyst Insights
Bullish
4 hours ago
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