IBM targets quantum advantage by 2026 and fault-tolerant systems by 2029 with new processors and faster error correction, advancing the race toward quantum computing. Technology company IBM (NYSE: IBM) announced new developments in its quantum computing research, including advances in processors, software, and error correction. At its annual Quantum Developer Conference in New York on Wednesday, the company outlined plans to achieve quantum advantage by 2026 and fault-tolerant systems by 2029. Quantum advantage refers to the point at which a quantum computer can solve a problem faster or more efficiently than any classical supercomputer. IBM said its new “Nighthawk” processor will play a central role in reaching that milestone, delivering circuits 30% more complex than its previous generation while maintaining low error rates. Read more
The largest Bitcoin ATM operator in North America is expanding to Hong Kong, citing growing global demand for cash-to-crypto access. Bitcoin Depot (Nasdaq: BTM), the largest Bitcoin ATM operator in North America, is entering the Asian market with a new launch in Hong Kong, marking the company’s first international expansion into the region. According to an announcement on Wednesday, the expansion reflects a strategy to reach markets with strong demand for easy cash-to-crypto conversion. Bitcoin Depot aims to be among the top five Bitcoin ATM operators in Hong Kong, it said. “Hong Kong is quickly becoming a global center for crypto, with the right mix of regulation, demand, and momentum,” said Scott Buchana, Bitcoin Depot’s president and chief operating officer. Read more
The incident at the Massillon, Ohio, facility followed the company's Q3 earnings report on Monday, showing a net loss of over $266 million. Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, which does not have any mining rigs installed, according to an announcement on Wednesday. Bitdeer said it “does not expect” the incident to impact the company’s operational hashrate, a measure of the total computing power commanded by its mining operations. Read more
New data shows stable altcoin speculation despite Bitcoin’s price drop, hinting at early signs of risk re-entry and a more mature altcoin cycle ahead. Despite Bitcoin’s (BTC) 10% decline in October, Capriole Investments’ Altcoin Speculation Index has remained flat around 25%, suggesting that speculative activity in the altcoin market is holding steady rather than collapsing alongside BTC. This relative stability could indicate an early phase of re-entry among market participants, as investors selectively rotate into higher-risk crypto assets despite macroeconomic caution. Key takeaways: Altcoin speculation remains stable despite Bitcoin’s October slump to $100,000. Read more
After a jury deadlocked on a verdict for two brothers accused of perpetrating a $25 million exploit on Ethereum, prosecutors are looking to retry them in 2026. Anton and James Peraire-Bueno, two brothers indicted for their alleged role in money laundering and fraud involving a $25 million exploit of the Ethereum blockchain, could face a second trial as early as February. In a Monday filing in the US District Court for the Southern District of New York, lawyers representing the US government requested a federal judge schedule a retrial for the Peraire-Bueno brothers “as soon as practicable in late February or early March 2026.” The request came about three days after a judge declared a mistrial in the case, following the jurors’ inability to reach a verdict. Read more