BlackRock Raises Alarm Over Bitcoin’s Quantum Threat

By: bitcoin ethereum news|2025/05/13 23:45:05
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BlackRock, a global leader in investment management, has publicly voiced its concerns surrounding the potential threats that advances in quantum computing pose to Bitcoin. For the first time, the investment giant has recognized quantum technology as a potential danger to cryptocurrency in its official risk assessments, subsequently broadening its asset fund risk disclosures for investor awareness. How Might Quantum Technology Threaten Bitcoin? Quantum computing, once fully developed, could compromise Bitcoin’s security. BlackRock warns that existing cryptographic algorithms, which safeguard digital currencies and broader information systems, might become ineffective. This perspective was shared with the United States Securities and Exchange Commission in a formal report emphasizing that prevalent encryption methods utilized worldwide, including in Bitcoin, might face vulnerabilities. Can Bitcoin’s Security Adapt to Quantum Computers? Currently, the Bitcoin network remains unharmed by quantum computers, but imminent technological enhancements pose challenges to wallet and transaction security. The Elliptic Curve Digital Signature Algorithm (ECDSA), a pillar of Bitcoin’s security, stands firm against traditional computational methods. However, a sufficiently advanced quantum computer could potentially crack ECDSA using methods like Shor’s algorithm, leading to swift decryption, while Grover’s algorithm might significantly enhance mining efficiency. In light of these risks, the Bitcoin community is exploring a variety of solutions. A proposal by the developer Hunter Beast, known as the QuBit protocol, suggests an innovative address format to incorporate quantum-resistant digital signatures. This initiative could parallel strategies akin to the implementation of the Segregated Witness protocol. Other measures in exploration include developing post-quantum cryptography and enhancing blockchain technologies with quantum capabilities. Discussions for necessary updates to the Bitcoin network are also actively taking place, reflecting a comprehensive approach to fortifying security against quantum threats. Broader Industry Challenges Apart from quantum concerns, BlackRock’s documentation highlights various industry risks including regulatory ambiguities, environmental consequences of mining, regional mining power centralization, historical financial downturns, and the risk of protocol forks. The risk disclosures have expanded significantly to address these issues. These disclosures, extending over 50 pages, serve as a transparent resource for highlighting significant threats. Industry experts are actively engaged in formulating countermeasures to tackle these emerging risks. As Bitcoin continues to withstand past security challenges, the trajectory of quantum computing persists as a key area demanding examination and action. This potential future threat is spurring ongoing innovation and research into alternative encryption protocols. The industry remains vigilant, with a focus on evolving defensive strategies and delivering timely solutions to emerging threats. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/blackrock-raises-alarm-over-bitcoins-quantum-threat

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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