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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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Clean Harbors Co-CEO Gerstenberg sells 2,500 shares, signaling insider activity.

Clean Harbors Co-CEO Gerstenberg sells 2,500 shares, signaling insider activity.

Clean Harbors Co-CEO Gerstenberg has sold 2,500 shares of the company. Insider sales like this can indicate personal financial decisions or views on the company’s stock value. Investors often watch such moves for clues about company prospects, though...

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Magnite posts strong Q2 with 17% revenue growth and 30% EBITDA rise, but Hold rating maintained.

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Magnite Inc. reported solid Q2 results, achieving 17% year-over-year revenue growth and a 30% increase in adjusted EBITDA, driven by strong momentum in connected TV (CTV) advertising. The company maintains a healthy financial position with an 11x int...

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Rambus stock seen as a buy with 26% upside amid rising AI server demand and record revenues.

Rambus stock seen as a buy with 26% upside amid rising AI server demand and record revenues.

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Chubb Limited to release Q3 earnings on Oct 20, with conference call on Oct 21

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Chubb Limited will announce its third quarter earnings after the market closes on October 20, 2026. The company will hold a conference call to discuss the results on October 21 at 8:30 a.m. Eastern, accessible via webcast and phone. This event is imp...

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