Connect with us
DAPA Banner

Crypto World

How Will Bitcoin’s Price React?

Published

on

How Will Bitcoin's Price React?


The cryptocurrency has suffered badly in the past few weeks, will it finally rebound?

The highly anticipated Consumer Price Index for the first month of 2025 just came out, showing that inflation has cooled year over year to 2.4%, which is slightly lower than the estimated 2.5%.

The Core CPI, which excludes more volatile sectors like food and energy, matched the expectations at 2.5%. Nevertheless, analysts indicated that the monthly increase in the regular CPI of just 0.2% is the lowest since last May.

Advertisement

Heather Long, Navy Federal Credit Union’s chief economist, noted that the prices for gas, used cars, and medical care all decreased in January, which helped bring down inflation even as utilities and transportation rose.

She determined that this is good news on the inflation front, even though there might be “one more bump from tariffs.”

Bitcoin’s price has usually been volatile when the US CPI data comes out. The first minutes have been rather positive, as the asset rose slightly to $67,600 before it corrected to $67,200 as of press time.

A more significant impact is expected once the US Federal Reserve weighs in on this data for its next move in terms of interest rate reduction.

You may also like:

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Advertisement

Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Naoris Launches Post-Quantum Blockchain as Quantum Risks Grow

Published

on

Naoris Launches Post-Quantum Blockchain as Quantum Risks Grow

Naoris Protocol has launched its mainnet, introducing a layer-1 blockchain designed to use post-quantum cryptography for transaction validation and network security. The network is live with limited, invite-only participation, allowing early users to run validator nodes and process transactions.

According to an announcement shared with Cointelegraph, it integrates cryptographic standards finalized by the National Institute of Standards and Technology (NIST) to address risks in existing blockchains, where current encryption methods could become vulnerable over time.

Before mainnet, the protocol’s test network processed more than 100 million transactions and identified hundreds of millions of potential threats, according to the project, with activity spanning millions of wallets and nodes.

Advertisement

The system uses a consensus model called distributed proof of security (dPoSec) to verify transactions across nodes, while the NAORIS token is intended to support network operations as the economic model develops.

The rollout begins with a restricted group of validators and partners, with broader access expected to expand in phases.

The project lists advisers with backgrounds in cybersecurity, government and enterprise technology, and is backed by investors including Draper Associates.

Related: Is $450B in Bitcoin vulnerable to the quantum threat? Analysts weigh in

Advertisement

New research suggests quantum computing may arrive sooner than expected

The launch comes as revised estimates for quantum computing, which uses qubits and quantum states to process information differently from classical computers, are driving efforts to move away from current cryptographic standards.

New research from Google released on Monday suggests quantum computers may need far fewer resources than previously thought to break blockchain encryption. The study found fewer than 500,000 physical qubits could crack systems securing Bitcoin (BTC) and Ether (ETH), a roughly 20-fold reduction from earlier estimates.

The findings point to a shorter timeline for quantum risk, with Justin Drake, a researcher at the Ethereum Foundation, estimating at least a 10% chance that a quantum computer could recover a private key by 2032.

Breakdown of Bitcoin supply by address type and quantum exposure risk. Source: Google Quantum AI

Researchers at California Institute of Technology working with Oratomic reached similar conclusions, recently finding that improvements in error correction (which reduce the number of qubits needed to stabilize computations) could lower the requirements for practical systems to 10,000 to 20,000 qubits, down from earlier assumptions of millions.

Based on these reductions, the researchers said a viable quantum computer could emerge by around 2030.

Advertisement

Blockchain developers are beginning to respond. In January, developers in the Solana ecosystem introduced a quantum-resistant vault that uses hash-based signatures to generate new keys for each transaction, reducing the exposure of public keys.

On March 24, developers from the Ethereum Foundation launched a “Post-Quantum Ethereum” resource hub outlining plans to upgrade the network’s cryptography, targeting protocol-level changes by 2029 while also noting the multi-year complexity of such a transition.

Magazine: A newbie’s guide to surviving crypto winter