Galaxy Commits $5 Million to Prepare Bitcoin for Quantum Computing Threat

thequantuminsider.com Jul 21, 2026

Galaxy Commits $5 Million to Prepare Bitcoin for Quantum Computing Threat

Curated by Shubham · TechCapsules · Jul 21, 2026

AI-summarised brief · reviewed before publication

Galaxy Digital launched the Bitcoin Quantum Readiness Initiative, committing up to $5 million to address potential quantum computing threats to Bitcoin’s cryptographic infrastructure. The three-pillar program includes developer grants for quantum-resistant transaction proposals and migration tools, an expanded research program to analyze threats for investors and policymakers, and a new Quantum Advisory Council. Initial council members include Barry Sanders from the University of Calgary, Damien Bérubé from MIT, and Eran Tromer from Boston University. Galaxy aims to bridge the gap between rapid quantum advancements and Bitcoin’s slower engagement with post-quantum cryptography. The initiative responds to recent findings suggesting that breaking Bitcoin’s secp256k1 curve may require fewer quantum resources than previously estimated, potentially allowing private key derivation within Bitcoin’s ten-minute block confirmation window. This exposure specifically risks wallets with permanently exposed public keys, which account for roughly one-third of the circulating supply. Galaxy’s Head of Firmwide Research, Alex Thorn, emphasized the need to make the threat legible to stakeholders while funding the technical work required to secure the network against future quantum attacks.

💡 Why It Matters

· Recent research indicates that breaking Bitcoin's encryption could take minutes rather than years, exposing a significant portion of the circulating supply to immediate theft.
· This funding accelerates the development of defensive tools before theoretical vulnerabilities become practical exploits.

Read full article on thequantuminsider.com

Researchers Uncover North Korean ‘ClickFake’ Campaign Targeting Web3 Pros

SOCRadar researchers identified a sophisticated social engineering campaign dubbed "ClickFake," attributed to the North Korean-aligned hacking group Famous Chollima. The operation specifically targets Web3 and cryptocurrency professionals through fraudulent job interviews on platforms like LinkedIn, Telegram, and Discord. Instead of mass phishing, attackers use personalized recruitment scams offering lucrative salaries to build trust. Candidates are directed to malicious web portals for mandatory skill assessments featuring real-time monitoring, countdown timers, and tab-switching warnings to create psychological pressure. The core deception involves a simulated technical error regarding camera or microphone access. Victims are instructed to copy and paste a diagnostic command into their system terminal to resolve the issue. On Windows systems, this command triggers an infection chain using PowerShell or curl to download a ZIP archive. A Visual Basic Script then unpacks a Python runtime, which loads PylangGhost, a customized remote access trojan, granting attackers full control over the victim’s device.

💡 The campaign exploits the high-stakes nature of tech recruitment by weaponizing professional ambition against security protocols. By forcing victims to manually execute malicious code under time pressure, attackers bypass traditional automated defenses that typically block unsolicited downloads.

analyticsinsight.net · Jul 21

Will XRP Hit Double Digits? Ripple Price Forecast for the Next Bull…

XRP trades between $1.40 and $1.45 as of mid-July 2026, maintaining a market capitalization exceeding $80 billion. Despite this valuation, the token remains far below its previous all-time highs, fueling investor speculation about a potential surge to double digits during the next bull run. Ripple’s strengthened position stems from resolved legal challenges in the United States, which have facilitated easier testing of payment solutions by financial organizations. The launch of the RLUSD stablecoin and new features on the XRP Ledger have further expanded utility. Spot XRP exchange-traded funds have attracted over $1 billion in inflows, signaling growing institutional interest. Additionally, the XRP Ledger now hosts hundreds of millions of dollars in tokenized real-world assets, demonstrating a shift beyond simple payments. While regulatory discussions like the CLARITY Act boost market confidence, cautious investors and global economic uncertainty continue to suppress price performance. Analysts note that a move to $10 would require a gain of more than 600%, dependent on sustained adoption and a powerful broader crypto market rally.

💡 The $1 billion inflow into spot XRP ETFs proves institutional capital is actively bypassing traditional custody hurdles to gain exposure. This structural shift validates XRP’s utility beyond retail speculation, anchoring its value in tangible financial infrastructure rather than mere market sentiment.

analyticsinsight.net · Jul 20

How to Protect Your Private Keys and Seed Phrase from Theft

Cryptocurrency users face a stark security dilemma: while digital assets grant full control without banks, the private key and seed phrase act as master keys that, if compromised, can empty a wallet instantly and irreversibly. The 2026 TRM Labs Crypto Crime Report recorded $2.2 billion in losses from infrastructure attacks in 2025, representing 76 % of all crypto theft that year, and a separate January 2026 analysis cited nearly $400 million stolen, largely through phishing. Experts stress offline storage as the most reliable defense, recommending paper or metal backups kept in secure, fire‑proof locations and avoiding cloud, email, or messaging apps. Hardware wallets further isolate keys from internet‑connected devices and require physical confirmation for transactions, dramatically reducing exposure to remote hacks.

💡 Offline and hardware‑based safeguards turn the private key from a single point of failure into a physically protected asset, cutting the primary avenue thieves exploit.

cbnc.com · Jul 19

XRP Ledger Secures Validator Approval For Landmark Update

The XRP Ledger (XRPL) is poised to activate a critical software patch that restructures ledger management, pending final validator approval. The update triggers a 14‑day countdown once a majority of validators signal readiness, marking the network’s first major protocol change since its 2012 launch. While consensus among core validators appears strong, a sizable portion of node operators have yet to install the patch, creating a disparity between governance decisions and on‑chain execution. This lag underscores the broader challenge of coordinating decentralized infrastructure upgrades without service interruption. XRPL’s developers emphasize that successful deployment will demonstrate the ledger’s capacity for sustainable evolution, balancing technical innovation with community‑driven governance mechanisms.

💡 The upgrade tests whether a mature blockchain can harmonize rapid technical change with decentralized coordination, a litmus test for long‑term resilience.

analyticsinsight.net · Jul 19

Top Cryptocurrency Exchanges Ranked for July 2026

Binance retained its position as the world’s largest cryptocurrency exchange in July 2026, leading in market share, liquidity and trading volume. The platform supports hundreds of digital assets and offers staking, savings, launchpads and a Web3 wallet, while its liquidity minimizes price impact for large orders and its low fees draw retail and institutional users. Coinbase held second place, praised for strict regulatory compliance, high security standards and transparent practices, with an interface that serves beginners and advanced traders and custody services favored by institutions. Kraken ranked third, noted for strong security, proof‑of‑reserves and customer protection. Bybit placed fourth, distinguished by fast futures execution, copy‑trading and tools, while OKX, MEXC, Gate, Crypto.com Exchange, HTX and KuCoin completed the top ten.

💡 Binance’s deep liquidity makes it the primary venue for large trades, shaping global crypto price dynamics.

coindesk.com · Jul 19

Inside Zcash’s new node that targets Visa-scale privacy at 50,000 transactions per…

Zakura, a new Zcash full node client, launched at version 1.0.0 as a pruned, fast-syncing fork of Zebra. Maintained independently by Sean Bowe and Dev Ojha, the software supports the upcoming Ironwood upgrade activating July 28. This upgrade introduces a turnstile mechanism to cap withdrawals from the Orchard shielded pool, addressing a long-standing soundness bug that may have created counterfeit ZEC. Zakura replaces the legacy zcashd client, which ends support on July 18. The release is part of a broader initiative, including Project Tachyon, to scale Zcash to Visa-level throughput of 50,000 transactions per second. By shrinking verification data and removing wallet bottlenecks, the team aims to match global payment networks while preserving privacy. The project is funded by private ZEC donations rather than foundation grants, marking a significant shift in development structure and technical capability for the privacy-focused cryptocurrency network.

💡 Independent maintenance by cryptography founders signals a structural shift away from foundation reliance, potentially increasing network resilience. The Ironwood upgrade’s turnstile mechanism directly mitigates inflation risks from historical bugs, restoring trust in Zcash’s monetary policy.