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Crypto

Bitcoin long-term holder selling slows to lowest since Q3 2022

Bitcoin long-term holders’ selling activity slowed noticeably in the second quarter, with the volume of long-dormant bitcoin moving falling to its lowest level since the third quarter of 2022, Cointelegraph reported. Data disclosed by Galaxy Digital’s head of firmwide research, Alex Thorn, showed key indicators easing, including Coin Days Destroyed. The shift suggests long-term holders are distributing less and continuing to hold rather than bringing coins to market.

Crypto

Strategy-led consortium to fund $15 million for Bitcoin quantum security

A consortium led by Strategy and joined by firms including BlackRock will provide a total of $15 million over the next three years to respond to quantum computing threats facing the Bitcoin network. Strategy announced the launch of the Bitcoin Security Consortium to support long-term quantum security for Bitcoin. The group, made up of financial institutions and Bitcoin-related companies, will use the funding to support developers working to protect the network.

Crypto

Bitcoin Security Consortium launches with BlackRock, Strategy among nine members

Nine companies including BlackRock, Strategy and Coinbase announced the creation of the Bitcoin Security Consortium to strengthen long-term security. The group said it will invest $15 million over the next three years. It said it will not take part in Bitcoin protocol development or change specifications, focusing instead on funding and information sharing to improve security and resilience, including preparations for post-quantum cryptography.