Search results for JAN3
Crypto
UK ranks third in bitcoin adoption, but 60,000 seized BTC cannot be held as reserves
Britain ranked third in a global bitcoin adoption assessment, but about 60,000 to 61,000 bitcoin held by the government is classified as seized assets linked to suspected crime, not a national strategic reserve. The index, published by infrastructure firm JAN3, factors in holdings, mining, the legal and tax environment, reserve policy and political leadership. Prosecutors said final disposition depends on confiscation and civil procedures, and guidance distinguishes seizure from ownership.
Crypto
Former SEC official calls quantum computers a ticking time bomb for cryptocurrencies
John Reed Stark, a former U.S. Securities and Exchange Commission enforcement lawyer, warned that fast advances in quantum computing are bringing a deadline for the cryptocurrency industry. He said the broader financial sector, including long-term Bitcoin holders, must take quantum risk seriously. Stark cited comments from IBM CEO Arvind Krishna and Duke University’s Lee Reiners, and criticised the SEC for not responding properly to the risk.
Crypto
VanEck says bitcoin could reach $1 million by 2031
VanEck said bitcoin could reach $1 million per coin within the next few years, around five years. Matthew Sigel, head of digital assets research at VanEck, told CNBC that the firm’s base case is a long-term rise, though the asset can be highly cyclical and volatile. He compared its adoption to the video game industry and cited broadening demand across age groups and central bank purchases for reserves.
