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Crypto

Bitcoin drop not driven by quantum computing but risk aversion across high-tech assets

Bitcoin’s recent decline is being driven by risk aversion across high-tech assets rather than threats from quantum computing, an analysis said. Grayscale Research pointed to a de-risking trend across advanced technology assets, noting quantum-related stocks have moved in the same direction as bitcoin in recent months. It said that pattern does not align with interpretations of a new quantum threat to the bitcoin network. Grayscale added the pullback does not change bitcoin’s role as a store of value.

Crypto

Circle launches privacy stablecoin USDCx on Aleo blockchain

Circle has launched USDCx, a privacy version of its USDC stablecoin, on the privacy-focused Aleo blockchain, Cointelegraph reported on Jan. 27. USDCx is issued through Circle xReserve and is interoperable with major networks such as Ethereum without a separate third-party bridge. Circle previously said it would offer a privacy-enhanced stablecoin for banking and corporate customers. Cointelegraph also cited Grayscale research on rising interest in privacy coins.