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Crypto

Can guessing 24 words steal Satoshi\'s bitcoin? Experts say it would take 13.8 billion years

A claim spreading on X said bitcoin believed to be held by Satoshi Nakamoto could be stolen by correctly guessing a 24-word phrase. Researchers said the premise is unrealistic. Even with computing power generating 1 trillion combinations per second, it would take about 13.8 billion years to find a specific 24-word seed phrase with a 50 percent chance. They also said Satoshi’s coins are spread across more than 22,000 older addresses, not a single seed-based wallet.

Crypto

Citi to launch bitcoin custody service, integrate with stock and bond platform

Citi will start offering bitcoin custody services for institutional clients within this year, Cryptopolitan reported. Citi said it plans to incorporate bitcoin into Custody+, the platform its Investor Services unit uses for traditional securities. Clients will be able to view and manage traditional holdings and bitcoin in one place. The bank said the service operates on a single framework shared by tokens and traditional securities and includes features such as real-time services and instant settlement.

Crypto

MOEX to launch perpetual futures linked to bitcoin, ether in September

Moscow Exchange (MOEX), Russia\'s largest bourse, will launch perpetual futures linked to bitcoin and ether in September. The move comes ahead of Russia\'s introduction next month of new laws on digital assets and as the country speeds up the institutionalisation of crypto derivatives. MOEX plans to expand coin-based products to as many as 10. New rules taking effect on Sept. 1 broaden investor access, while limiting retail investment to 300,000 roubles a year per broker.