cryptocurrency

$718 Billion Bitcoin Quantum Threat to Be Addressed by New Startup

The post $718 Billicom. The solution Is the quantum threat overhyped? Project Eleven has raised $20 million to build defenses against the existential threat quantum computing poses to cryptocurrency. The round values the startup at $120 million. The company is backed by heavyweights from its June 2025 seed round, including crypto-native VC Variant Fund and quantum tech fund Quantonation. Project Eleven is preparing for “Q-Day.” This is the theoretical event when quantum computers become powerful enough to break the encryption that secures the internet and financial systems. Bitcoin, Ethereum, and most major blockchains rely on Elliptic Curve Cryptography (ECC) for generating public and private keys. A sufficiently powerful quantum computer running Shor’s Algorithm could theoretically reverse this process. You Might Also Like This would allow an attacker to empty any wallet where the public key has been exposed. According to the startup’s estimates, roughly $718 billion worth of Bitcoin has been exposed since it is sitting in vulnerable wallets. The solution Project Eleven is specifically working on “post-quantum” infrastructure for existing blockchains. Their flagship product, which is called “Yellowpages,” functions as a cryptographic registry that allows users to sign a message proving they own a vulnerable Bitcoin address and link it to a quantum-secure identity. This creates a “fallback” record of ownership that could be used to recover funds if the main network were compromised. Is the quantum threat overhyped? As of today, the consensus among cryptographers, government agencies, and market analysts is that the immediate threat of quantum computers breaking Bitcoin is overhyped, Most authoritative voices agree that a “Q-Day” event is not happening this year (or anytime soon). That said, Ethereum’s Buterin recently warned that elliptic curve cryptography could end up being compromised by quantum computing before 2028. Source:.

cryptocurrency

Crypto News: France Warns 90 Unlicensed Crypto Firms Ahead of MiCA Deadline

The post Crypto News: France Warns 90 Unlicensed Crypto Firms Ahead of MiCA Deadline appeared com. Key Insights: In recent crypto news, French regulators flagged 90 crypto companies operating without a license. The executive director at the AMF, overseeing market intermediaries and infrastructures, said the regulator sent reminders to the companies in November. Since MiCA came fully into force in late 2024, France’s AMF has approved licenses for only a small number of crypto firms. According to the latest crypto news, French regulators have flagged 90 crypto companies operating without a MiCA license and have until the set deadline of June 2026 to comply. The Autorité des Marchés Financiers (AMF) said 40% of crypto companies operating in the European nation do not have compliance licenses and have yet to respond to their compliance plans. Crypto News: France Warns 90+ Crypto Companies To Register for Licenses Stephane Pontoizeau, the executive director at the AMF overseeing market intermediaries and infrastructures, said the regulator sent reminders to the companies in November. The notices emphasized that France’s transition period under MiCA ends on June 30. 40% of Crypto Firms in France Lack a MiCA License Of the 90 crypto firms operating in France without a MiCA license, roughly 40% said they do not plan to apply, according to AMF executive Stephane Pontoizeau. Another 30% reported that their license applications are still in progress. The regulator did not disclose which companies have refused to seek a license or which ones have yet to respond. The lack of transparency leaves the market guessing which firms could face enforcement actions once the June deadline passes. Since MiCA came fully into force in late 2024, France’s AMF has approved licenses for only a small number of crypto firms, according to the latest crypto news data. CoinShares, a major crypto investment company, received its license in July 2025. Switzerland’s Bitcoin app Relai followed a few.

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