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Quantum computing could expose $3T in digital assets and banking systems to risk by 2033, warns Project Eleven report.

Market News
09 May 2026
Coindesk
View Source
Bearish
Quantum computing could expose $3T in digital assets and banking systems to risk by 2033, warns Project Eleven report.

A new 110-page report by Project Eleven warns that quantum computers could break the cryptography securing over $3 trillion in digital assets, including Bitcoin and Ethereum, by as early as 2030 and no later than 2033. This threat extends beyond cryptocurrencies to banking systems, cloud infrastructure, and military communications. Migrating to post-quantum cryptography is complex, requiring coordinated action across users, exchanges, and institutions, and could take a decade or more. The report highlights the urgency and coordination challenges, especially for Bitcoin, whose upgrades historically move slowly and involve political debates.

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Hayati® partners with elrow at Edinburgh Festival, launching immersive "TURN UP WITH HAYATI®" activation

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Hayati®, a UK-based technology and vaping brand, partnered with elrow at the Edinburgh Festival to launch the "TURN UP WITH HAYATI®" activation. This collaboration featured a dedicated space with interactive activities, special festival edition produ...

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Tsodilo Resources advances rare earth exploration with new geological and AI studies at Botswana project

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Worldcoin price dips below key support at $0.466, signaling possible drop to $0.40 amid bearish market signals

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Bitwise XRP ETF net assets exceed $541M, signaling growing institutional interest.

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The Bitwise XRP ETF has surpassed $541.12 million in net assets, marking a significant milestone for this spot crypto ETF in the U.S. market. This milestone indicates the fund has reached a size level that typically attracts institutional investors a...

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Putin proposes Trump-Xi summit to end Ukraine war, excluding Zelenskyy amid US-Ukraine tensions

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