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Crypto

Elliptic raises $120 million to expand institutional crypto monitoring

London-based blockchain analytics firm Elliptic raised $120 million in a funding round involving Nasdaq Ventures and Deutsche Bank. One Peak led the round, with participation from the British Business Bank, and Elliptic was valued at $610 million. The company plans to use the funds to expand AI-based monitoring and risk analysis tools. Elliptic provides software that tracks crypto transactions and identifies wallets linked to sanctions, fraud, ransomware and illicit funds.

Crypto

Quantum computing era nears, companies face growing pressure to prepare for Q-Day

The timeline for preparing for “Q-Day,” when quantum computers could undermine key security systems used in the internet, communications networks and electronic devices, is moving up to around 2029 from 2035. TechRadar reported that Google and Cloudflare are accelerating preparations for a shift to post-quantum cryptography ahead of U.S. government guidance. The debate is shifting toward immediate action as firms face broad software and hardware upgrades, identification of vulnerable systems and rising operational and cost pressures.

Crypto

Bitcoin post-quantum shift may already be too late; $3 trillion in digital assets exposed to risk

Digital assets worth more than $3 trillion, including bitcoin, could be exposed to theft risk within the next 4 to 7 years, a report warned. Project Eleven, which studies post-quantum security, said quantum computers capable of breaking widely used public-key cryptography could arrive as early as 2030 and no later than 2033. It said systems relying on elliptic-curve signatures could be vulnerable across crypto, finance and digital identity networks.