Bitcoin is a decentralized software protocol that has a collective action problem, unlike centralized companies, according to Jameson Lopp. Migrating Bitcoin (BTC) to post-quantum standards will take at least 5-10 years, according to Bitcoin core developer and co-founder of crypto custody company Casa, Jameson Lopp, who weighed in on the ongoing quantum computer debate. Lopp agreed with Adam Back, the CEO of crypto infrastructure company Blockstream, that there is no near-term threat to Bitcoin from quantum computers. Lopp said in an X post. We should hope for the best, but prepare for the worst,” he added. In a separate post, he said the Bitcoin protocol is more challenging to upgrade to post-quantum standards than centralized software because of its distributed consensus model. Read more
Bitcoin price expectations diverged into the weekly close as $150,000 targets met calls for a drop to levels not seen in over a year. Bitcoin (BTC) circled $88,000 on Sunday as traders braced for fresh volatility into the weekly close. Key points: Bitcoin market participants have mixed views over short-term BTC price action with the market stuck below $90,000. Read more
The BNPL giant will tap USDC-denominated funding via Coinbase as it explores stablecoins for treasury and capital markets use. Klarna, a Swedish fintech company known for its “Buy Now, Pay Later” (BNPL) service, has partnered with crypto exchange Coinbase to add stablecoins to its institutional funding toolkit. Under the arrangement, the global payments and digital banking firm plans to raise short-term funding from institutional investors denominated in USDC (USDC), using Coinbase’s crypto-native infrastructure, according to a Friday announcement. “This is an exciting first step into a new way to raise funding,” Klarna chief financial officer Niclas Neglén said. “Stablecoin connects us to an entirely new class of institutional investors, and gives us the potential to diversify our funding sources in ways that simply weren't possible a few years ago,” he added. Read more