Author: wallstreetnation

September 19, 2025 wallstreetnation
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The World Must Be Prepared for The Quantum Threat to Cryptocurrency

Quantum computing could be “humanity’s biggest breakthrough since the discovery of fire,” say analysts at Bank of America. Nvidia CEO Jensen Huang said the industry is now at an inflection point, adding that the world is “within reach” of being able to use quantum computers. And while quantum computing holds the promise of solving critical … Continue reading “The World Must Be Prepared for The Quantum Threat to Cryptocurrency”

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Is Quantum Computing The Next Big Thing

The Subcommittee on Government Innovation, Information Technology, and Cybersecurity says so. Furthermore, the U.S. Government Accountability Office's Director of Information Technology and Cybersecurity, Marisol Cruz Cain, recently stated in her testimony that: "Quantum computers have the potential to resolve important issues that traditional computers are unable to. These computers conduct calculations far more quickly than modern conventional computers thanks to a characteristic of quantum physics. However, the possible drawback of quantum computing is that it may jeopardize the security of data and information systems, especially those under federal government authority. Quantum computers, for example, might be able to crack popular encryption techniques used by people, government organizations, and critical infrastructure organizations. Everything is exposed, including: • National defense and government communications; • Cryptocurrency networks with a market capitalization of $3.4 trillion; • Banking systems safeguarding trillions of transactions; • Email communications for 730 million business accounts globally; • AI systems managing sensitive data and proprietary models The danger is therefore quite real. And regrettably, a lot of us are not ready for it. All of this is due to the fact that quantum computers, which were previously supposed to be decades away, have finally arrived and will bring with them systems that are capable of quickly cracking any encryption.…

August 13, 2025 wallstreetnation