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Day: October 31, 2025
HRF Warns Quantum Computers Could Break Bitcoin Encryption Within 5 Years
Key Notes Experts estimate quantum computers capable of breaking Bitcoin encryption could emerge within 5-10 years based on recent IBM and Google advances. Dormant Satoshi-era coins totaling 1.72 million BTC in outdated address formats face highest risk from quantum algorithm attacks. Bitcoin community remains divided on whether to burn vulnerable coins or migrate them, with proposed quantum-resistant solutions creating major scaling issues. The Human Rights Foundation published a report on Oct. 31, 2025, warning that cryptographically relevant quantum computers pose a significant threat to Bitcoin BTC $109 456 24h volatility:…
Zcash Surges to $388, Hits 7-Year High and Tops Monero in Privacy Coin Rankings
The price of Zcash soared on Oct. 31, reaching $388—its highest level in over seven years. October Gains Fueled by Hype and Fundamentals On Oct. 31, the price of privacy-focused cryptocurrency Zcash (ZEC) surged over 10% to reach $388—its highest level in more than seven years. The rally pushed its seven-day gains to over 50% […] Source CryptoX Portal
Bitcoin Begins Recovery as Bessent Confirms US-China Trade Deal Will Be Signed Next Week
The cryptocurrency posted modest gains after slipping below $107K yesterday, triggering roughly $400 million in liquidations. Bitcoin Rises as Treasury Secretary Confirms Timing of US-China Trade Pact Reporting by the Financial Times on Friday revealed that U.S. Treasury Secretary Scott Bessent expects the recently negotiated U.S.-China trade deal to be officially signed “over the coming […] Original
Quantum Computing Still Years from Threatening Bitcoin, Says VC Amit Mehra
Although still in its “infancy,” quantum computing could pose a threat to Bitcoin and other proof-of-work algorithms in the near future, according to Amit Mehra, a partner at venture capital firm Borderless Capital. When asked what trends Borderless Capital was following, Mehra, speaking to Cointelegraph at Global Blockchain Congress Dubai 2025, said the company was “diving deep into quantum compute” and looking at how companies are developing quantum resistance technology. Mehra said quantum computing will take until the end of the decade to develop. Still, he said, people tend to…
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Bitcoin Range Trades As Altcoins, Spot BTC ETF Sell-off
Key points: For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. That increases the risk of BTC recording its first-ever red October close in seven years. After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data. Several analysts are turning…
Jack Dorsey’s Square Gifts 20,000 Users $50 to Enable Bitcoin Conversations
Key Notes Square’s Bitcoin Conversations lets merchants discuss and learn about BTC directly within their payment dashboard as part of adoption strategy. The platform previously introduced a zero-fee Bitcoin wallet for local businesses extending through 2026 to drive mainstream usage. Corporate Bitcoin accumulation accelerates with Coinbase adding 2,772 BTC and Prenetics purchasing 100 more coins in recent disclosures. Square, a crypto payments platform founded by X co-founder Jack Dorsey, has launched a Bitcoin BTC $109 770 24h volatility: 2.8% Market cap: $2.19 T Vol. 24h: $64.01 B promotional campaign to…
Wall Street and Corporates Accelerate Stablecoin Adoption
The race to develop stablecoin infrastructure is heating up across Wall Street and corporate America. Citigroup is moving ahead with plans to expand its stablecoin payment capabilities, amid growing speculation that major financial institutions are exploring stablecoin initiatives following the passage of the US GENIUS Act — comprehensive legislation expected to take effect in early 2027. The momentum extends beyond banks. Western Union announced plans to build a stablecoin payment network on Solana, underscoring how traditional payment providers are embracing blockchain for faster and cheaper cross-border transactions. Meanwhile, the Bitcoin…
Ethereum Support Band Under Pressure — Can Bulls Revive Momentum From $3,700?
Ethereum is once again testing the strength of its key support band around the $3,700 zone, a level that has acted as a crucial lifeline for bulls in recent months. With momentum fading after repeated rejections near resistance, speculations are whether buyers can step in to spark a renewed push upward or if a deeper correction is on the horizon. ETH Pulls Back After Golden Pocket Rejection In his latest market update, Luca shared insights on Ethereum’s current technical setup, noting that the asset recently faced rejection at the high-timeframe…