Anthony Scaramucci Flags Google's Quantum Crypto Warning As Mike Novogratz Assures Bitcoin, Ethereum Will Implement Quantum-Resistant Upgrades

Benzinga_recent_news04-09 17:11

In a post on X, Scaramucci shared a video and commented on Google's March 2026 report, "Safeguarding cryptocurrency by disclosing quantum vulnerabilities responsibly." Crypto investor Mike Novogratz ...

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I think there's more hoopla around this than needed.\"\nGoogle researchers highlighted a structural challenge: banks can quietly upgrade cryptography, whereas public blockchains must maintain transparency, immutability, and social consensus, making upgrades more complex.\nMany blockchain systems rely on elliptic curve signatures, which are theoretically vulnerable to quantum attacks, though current technology isn't yet capable of executing them.\nThe report recommends transitioning to post-quantum cryptography (PQC), which is designed to withstand quantum attacks.\nExperts say proactive upgrades are critical as cryptocurrency adoption grows among institutional investors, ensuring blockchain security before quantum computing becomes a practical threat.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: KateStock / Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2626190092","isCrawlerRequest":true}