The team’s results, once reviewed, could represent a significant milestone in quantum computing research. When industry insiders talk about a future where quantum computers are capable of solving problems that classical, binary computers can’t, they’re referring to something called “quantum advantage.”In order to achieve this advantage, quantum computers need to be stable enough to scale in size and capability. By-and-large, quantum computing experts believe the largest impediment to scalability in…

Data shows top traders futures’ Bitcoin long-to-short at the lowest level in 30 days, but what does this mean for BTC’s short-term price action. Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a spot exchange-traded fund (ETF) in the United States. Senior Bloomberg ETF analysts have expressed a…

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Do Kwon, the disgraced co-founder of Terraform Labs, will reportedly be extradited to the United States. Meanwhile, Robinhood has launched crypto trading services in Europe, with over 25 cryptocurrencies available for trade, and presidential hopeful Vivek Ramaswamy has slammed SEC chair Gary…

Polychain Capital and Hack VC led the Series A funding round of Babylon Chain, a protocol working on Bitcoin staking for proof-of-stake networks. Polychain Capital and Hack VC led the $18 million Series A funding round of Babylon Chain, a protocol working on Bitcoin (BTC) staking, bridging the decentralized finance (DeFi) ecosystem with the Bitcoin blockchain. According to the Dec. 7 announcement, the funds will be used to support the development…

Ethereum price is up today as network revenue skyrockets and ETH clears the $2,300 resistance. Ether (ETH), the native token of the Ethereum network,  is witnessing a breakout on the back of increasing institutional interest in the second-largest cryptocurrency by market cap. The increased bullish sentiment pushed Ether price up by 23.7% over the past 30 days. The fact that ETH trades above $2,300 could indicate that increased attention is…

Meta believes that this is “the first industry-wide set of cyber security safety evaluations for Large Language Models (LLMs).” Meta released a suite of tools for securing and benchmarking generative artificial intelligence (AI) models on Dec. 7.Dubbed “Purple Llama,” the toolkit is designed to help developers build safely and securely with generative AI tools, such as Meta’s open-source model, Llama-2.The release, which Meta claims is the “first industry-wide set of…

In November, the commission separately met with representatives of BlackRock and Grayscale to discuss their spot crypto exchange-traded funds. Officials with the United States Securities and Exchange Commission are reportedly discussing aspects of Bitcoin (BTC) exchange-traded funds, or ETFs, proposed by asset managers.According to a Dec. 7 Reuters report, industry insiders said the SEC and certain asset managers were discussing “key technical details” related to U.S. exchanges listing shares of…

Users who lose their Bitkey wallet don’t need to input a seed phrase to recover funds, the company said. Financial payment processor Block, co-founded by Jack Dorsey, has launched its self-custody Bitcoin (BTC) wallet.Dubbed “Bitkey,” developers said during the Dec. 7 announcement that the wallet, available as a mobile app or hardware storage, will be accessible in over 95 countries. Bitkey will feature a two-of-three multi-signature wallet consisting of a…

Bitcoin is lining up a never-before-seen bull signal that could print on the Bitcoin chart by the start of 2024. Bitcoin (BTC) is lining up an “early bull market” as a unique chart feature plays out for the first time in history.In a post on X (formerly Twitter) on Dec. 7, entrepreneur Alistair Milne drew attention to Bitcoin’s first ever weekly golden cross.Recent BTC price upside has delivered considerable profits…

The Terraform Labs co-founder had been awaiting extradition to either the U.S. or South Korea after being arrested and charged in Montenegro. Terraform Labs co-founder Do Kwon will reportedly be extradited to the United States rather than South Korea to face criminal charges.According to a Dec. 7 Wall Street Journal report citing people familiar with the matter, Justice Minister Andrej Milović in Montenegro plans to grant U.S. officials’ request for…