Former Binance CEO Changpeng “CZ” Zhao Predicts China could beat the United States of America at building a Strategic Bitcoin Reserve.

On-chain options protocol Derive said that although the large inflow of funds into the spot Ethereum ETF suggests that a "supply-side crisis" is coming, data shows that Ethereum has less than a 10% chance of reaching the $5,000 mark by the end of 2024. Sean Dawson, head of research at Derive, pointed out in a market report on December 10 that the probability of Ethereum prices reaching $5,000 by December 27 was as high as 16%, but it has recently adjusted to around 8%. According to CoinMarketCap, Ethereum needs to rise 37% from its current price of $3,669 to reach $5,000. Dawson also said that "ETH's bullish and bearish trades are evenly distributed, indicating neutral market sentiment." Ethereum's current all-time high price is $4,878, set in November 2021.

According to PANews, the potential threat of quantum computing to Bitcoin and similar networks has been a topic of recurring debate. The recent release of Google's quantum computer, Willow, has reignited discussions about its implications for Bitcoin. Despite Willow's advancements, Bitcoin users currently have little to worry about.Bitcoin's protocol can be simplified into two main components: mining, which relies on hash functions, and transactions, which use elliptic curve signatures. Both components could theoretically be affected by quantum computing through Grover's and Shor's algorithms. However, Willow's computational power is still far from being able to impact these areas. To effectively attack Bitcoin's hash and signature systems within a reasonable timeframe, thousands of logical qubits are required. Given that several physical qubits are needed to encode one logical qubit, millions of physical qubits would be necessary. Willow currently operates with only 105 physical qubits, indicating a significant gap remains.In the event that quantum computing power becomes sufficient, the impact on mining would be relatively limited. Grover's algorithm only accelerates the process rather than reversing the hash function, meaning substantial computation is still needed to find the required hash values for mining. This can be likened to the introduction of a new, powerful mining machine. However, certain address signatures, particularly older P2PK and newer P2TR methods based on public keys, require caution. Addresses like P2PKH, P2SH, P2WPKH, and P2WSH, which are hash-based, remain relatively secure. Reusing these addresses could expose public keys, posing a risk.Developers can take action by evolving Bitcoin to incorporate quantum-resistant technologies, such as hash-based Lamport signatures. The community has already engaged in discussions about these possibilities. Quantum-resistant cryptography, like lattice-based methods, could also be introduced through soft forks. Besides developers, users can protect themselves by adopting good practices, such as changing receiving addresses frequently and avoiding address reuse. Moving assets to more secure SegWit addresses before quantum computers pose a significant threat is also advisable.Other networks, like Ethereum, are also exploring post-quantum cryptography, which could be implemented through hard forks. Ultimately, the emergence of quantum computers will impact not only Bitcoin and other cryptocurrencies but also traditional financial systems, defense systems, and secure communication channels. While there is no immediate threat from quantum computing, maintaining good usage habits and staying informed about quantum advancements is strongly recommended.

According to the latest forecast by Canalys, the global generative artificial intelligence (AI) market is still in its infancy and will grow fivefold in five years, from $14.6 billion in 2024 to $72.8 billion in 2029. (Jinshi)

According to a report published by Messari, October was the first month that Raydium became the top DEX in terms of volume across all chains. In November, this trend accelerated further, with Raydium's monthly DEX volume exceeding Uniswap by about 30% ($124.6 billion vs. $90.5 billion). The platform's success is largely due to its dominance in the Solana ecosystem. In November 2024, Raydium continued to account for more than 60% of daily DEX volume on Solana. Memecoin transactions have become an important driver of Raydium's volume, accounting for 65% in November, a record high. Raydium's growth also reflects the broader trend of Solana's daily DEX volume exceeding Ethereum. In November, Solana accounted for nearly 50% of the monthly DEX volume across all chains, 175% higher than Ethereum's share of about 18%. The report states that Raydium’s launch of V3 in March 2024 was a key catalyst for its November lead in Solana and globally.

According to official news, the Uniswap Foundation announced a $110,000 grant to Blockful for a governance security review to enhance the resilience of the Uniswap protocol governance system. Blockful will analyze key governance data, identify potential vulnerabilities, and create a public dashboard to monitor governance security indicators, thereby providing greater security for the Uniswap community and the broader DeFi field.

Commenting on Lady of Crypto’s tweet about “people who make money in the bull market only need to do two things: buy on dips and take profits”, Binance founder CZ said: “I only bought on dips. I bought Bitcoin during the bear market (2014), so I didn’t have more money to buy at low points, so there was no question of profit taking. I only bought on dips once, and I succeeded in the end, but I don’t recommend this strategy.”

Goldman Sachs CEO David Solomon has expressed interest in exploring cryptocurrency trading but emphasized that regulatory barriers currently prevent the investment giant from diving deeper into Bitcoin and Ethereum markets. The post Goldman Sachs Eyes Bitcoin Trading if U.S. Regulations Loosen appeared first on Cryptodnes. source: https://cryptodnes.bg/en/goldman-sachs-eyes-bitcoin-trading-if-u-s-regulations-loosen/

null source: https://x.com/Bitcoinsensus/status/1866724654951317824

Will quantum computing destroy Bitcoin? This topic, which has a folk-scientific quality, always causes widespread discussion/FUD every once in a while.

Microsoft shareholders have voted against the Bitcoin investment proposal, but Microsoft Chief Financial Officer Amy Hood said in response to shareholder questions at the shareholder meeting on Tuesday that Microsoft has accepted cryptocurrencies as customer payments since 2014, saying: "We have been thinking about the development of cryptocurrencies." So far this year, Microsoft's stock price has risen by about 19%, far underperforming MicroStrategy. (CNBC)

Dalio initially revealed that he was a Bitcoin holder back in 2021 source: https://u.today/billionaire-ray-dalio-prefers-bitcoin-over-bonds

Since December 8, the crypto market has fallen for three consecutive days, with the overall market value falling from the peak of 3.7 trillion US dollars on December 8 to 3.45 trillion US dollars on December 10. In the continuous rising market, what factors have led to the decline in the past few days?

China has introduced the RT-G, an AI-powered spherical robot used by police for patrolling and crime prevention, equipped with tools like facial recognition and net guns. The robot’s spherical design allows it to navigate various terrains, and it is part of a broader trend of integrating robotics into law enforcement in China.

Hyperbolic is the first player to solve the trust cost problem in decentralized GPU networks

DeSci focuses on open science — a movement that believes all knowledge should be freely accessible — with the goal of building a more inclusive and transparent world of scientific research.

The highly anticipated South Korean film Crypto Man inspired by real events surrounding a $50 billion Won cryptocurrency crash is set to hit theatres in Jan 2025.

Overnight, BTC sought support from the 5-week line near 96k. In the early morning, Microsoft shareholders' vote on BTC reserves failed, which was within the market's expectations. MicroStrategy increased its position again.

Microsoft Corp.’s board opposed the resolution, saying bitcoin’s volatility was a negative factor.

Ripple’s CEO said RLUSD listings will go live on exchanges “soon” following the New York Department of Financial Services’ approval of the stablecoin.