🔒 Could a quantum computer empty your wallet? 

CoinDesk··2 min read
Crypto/Web3TechnologyFinance
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AI Summary

Google's Quantum AI team warns that cracking Bitcoin and Ethereum wallets may require far fewer quantum computing resources than previously thought, with 6.9 million bitcoin already sitting in vulnerable wallets. The US Labor Department proposed new rules allowing 401(k) retirement plans to include crypto investments, reversing Biden-era restrictions. Bitcoin faces potential seventh consecutive monthly loss, which would be unprecedented in its history.

Key Facts

Google's Quantum AI team warns that cracking Bitcoin wallets may need far fewer quantum computing resources than expected, with 6.9 million BTC already vulnerable in exposed wallets.
US Labor Department proposed rules allowing 401(k) retirement plans to invest in crypto and digital assets, reversing Biden administration restrictions on trillions in retirement funds.
Bitcoin faces potential seventh consecutive monthly loss for the first time in its history, still trading above its 200-week moving average unlike previous bear markets.

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