Bitcoin quantum threat responseUpdate 6 of 13
Galaxy Funds Bitcoin Quantum Defense
Galaxy Commits $5 Million in Developer Grants to Bitcoin Quantum Security as Project Eleven Recovery Tool Confirmed Feasible
Growing quantum computing capabilities are forcing Bitcoin and the broader crypto industry to urgently plan and implement post-quantum cryptographic defenses.
Galaxy Digital announced a Bitcoin quantum computing security initiative with up to $5 million in developer grants, with Galaxy's stock rising 7.4% on the announcement. A separate practical quantum recovery solution for Bitcoin wallets was confirmed feasible, though Satoshi Nakamoto's approximately 1.1 million BTC held in early-format wallets remains outside its protection scope. Claude's AI system separately solved an 87-year-old mathematical problem with reported implications for cryptography relevant to Bitcoin security.
6 sources
- IBM (IBM) Stock Declines Despite Singapore Military Quantum Computing Partnership Expansion · blockonomi.com · T2
- Galaxy Digital (GLXY) Stock Climbs 7.4% Following $5M Bitcoin Quantum Security Program Announcement · blockonomi.com · T2
- CROWDFUNDINSIDER: Bitcoin's Quantum Vulnerability Finds a Practical Recovery Solution, Yet Satoshi's Holdings Remain Exposed · crowdfundinsider.com · T2
- Galaxy launches Bitcoin quantum computing initiative, commits up to $5 million in developer grants · theblock.co · T1
- Claude's Fable 5 just solved an 87-year-old math problem, and it matters for bitcoin · coindesk.com · T1
- TECHINASIA: US crypto firm Galaxy launches $5m Bitcoin security fund · techinasia.com · T2