ChainCatcher news, according to Fortune, a study from the University of Kent's School of Computing indicates that if Bitcoin wants to effectively guard against the threats posed by quantum computing, it will need a protocol update, which would result in the cryptocurrency being offline for 76 days. The study also more practically points out that Bitcoin could allocate 25% of its servers for the protocol update while allowing users to continue mining and trading at a slower pace. However, in that scenario, the downtime would extend to 305 days, or 10 months.Carlos Perez-Delgado, a lecturer at the University of Kent, stated that he could not provide an exact figure for the downtime costs, but it could be staggering. According to data from the Ponemon Institute, the cost of downtime for businesses can reach up to $500,000 per hour. If Bitcoin were to be offline for 76 days (which the study considers the best-case scenario), the update costs could reach $912 million.In an interview, Perez-Delgado said, "Even if your technology is down for just a few minutes or a few hours, it can be very, very expensive. What we show in the paper is that for Bitcoin or any Bitcoin-like system, updates can take days, weeks, or even months." However, Perez-Delgado believes that given the emerging and "forthcoming" quantum technologies that could easily break the encryption codes protecting vast amounts of online data, such slow and costly actions are necessary.Perez-Delgado is not trying to be alarmist. IBM predicts that within this decade, we are unlikely to have sufficiently large quantum computers to threaten current forms of encryption, so until then, the threat to cryptography remains hypothetical. But Perez-Delgado warns that if quantum computers do pose a threat, all tech companies must take proactive measures.

ChainCatcher news, K33 Research Director Vetle Lunde stated, "In the United States, the assets under management of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion). Despite having a 20-year head start, gold has now been overtaken."

ChainCatcher news, VanEck's Head of Digital Asset Research Matthew Sigel stated in the Coin Stories podcast that by 2025, the price of Bitcoin could reach as high as $180,000, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel mentioned that VanEck has been "bullish on Bitcoin" since 2017. However, he believes that there is still a long way to go for corporate adoption of Bitcoin.He said that many traditional asset management firms (such as Morgan Stanley and Merrill Lynch) are owned by banks and brokers, and their progress in incorporating BTC into financial strategies has been slow. They are constrained by a heavily regulated structure and reliance on traditional asset allocation models (such as the 60-40 portfolio), which have yet to adjust to accommodate BTC ETFs.Sigel noted that this also indicates that about 80% of BTC ETF holders are retail or high-net-worth investors, who either diversify their investments from self-custody or expand existing positions. He added that institutional asset management firms have not yet made significant moves into this space.

ChainCatcher news, Binance CEO Richard Teng posted on the X platform that, with the growing market interest and FOMO, many friends are asking if now is the best time to invest in cryptocurrencies. It is important to remind: DYOR (Do Your Own Research) and make sure to understand the field before participating.In the long run------the markets are still in the early stages.

ChainCatcher news, according to the OKG Research of OKChain Research Institute, this ratio has fallen below 1 for the second lowest level since November 11. It not only maintains the healthy profitability of miners and stabilizes the Bitcoin ecosystem but also boosts miners' confidence and reduces the risk of sell-offs due to cost pressures. The decrease in the ratio is mainly attributed to three recent positive news, as follows:MicroStrategy included in the Nasdaq: News on Saturday indicated that MicroStrategy has been officially included in the Nasdaq component stocks, meaning that any investors holding or purchasing the Nasdaq will passively allocate Bitcoin, further strengthening the institutional trend.FASB fair value accounting rules take effect: The new regulations officially come into effect today, allowing companies to optimize their financial reports by holding Bitcoin as a reserve asset, which is expected to accelerate the adoption of Bitcoin in corporate asset allocation.Rising expectations for Fed rate cuts: According to CME FedWatch data, the probability of the Federal Reserve cutting rates by 25 basis points in December has reached 96%, and the loose macro environment further benefits the Bitcoin market.

ChainCatcher news, the 10x Research report indicates that Bitcoin's upward trend has resumed after a brief consolidation. Cryptocurrency exchanges are experiencing massive capital outflows, significantly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventories are also insufficient. These factors collectively suggest that Bitcoin's price may be boosted. Furthermore, based on its trading model indicators, it is predicted that by January 20, 2025, during Trump's inauguration, Bitcoin could rise to $120,000.It is worth noting that MicroStrategy is not included in the S&P 500 index but is included in the Nasdaq 100 index, which may drive increased buying activity this week. Additionally, the company may issue more convertible bonds to expand its Bitcoin holdings, making a significant rise in Bitcoin this week highly likely.

ChainCatcher news, 10x Research posted on social media that more and more people believe there is a supply crunch for Bitcoin, especially as Bitcoin ETFs and MicroStrategy continue to accumulate, reducing the available supply of Bitcoin and laying the groundwork for a potential "squeeze" market.In the past 30 days, centralized exchanges have recorded a net outflow of 124,000 Bitcoins. Coinbase, which has the largest Bitcoin reserves, saw an outflow of 72,000 Bitcoins, accounting for nearly 10% of its total balance. Binance experienced an outflow of 29,000 Bitcoins, leaving 570,000 remaining. Other major exchanges, such as Gemini, OKX, and Kraken, also experienced significant outflows, with Kraken's outflow accounting for about 7-8% of its holdings.If these trends continue and demand remains strong, the market may face a serious Bitcoin supply crunch. In particular, the introduction of Bitcoin ETF options could further exacerbate this situation, triggering additional gamma squeezes and amplifying upward price momentum.

ChainCatcher news, the latest calculations from OKG Research at OKEx Research indicate that based on BlackRock's recent research report "The Size of Bitcoin in a Portfolio," if the global asset management industry allocates 1%-2% of its funds to Bitcoin in 2024-2025 as recommended.As of the end of 2023, the global asset management industry manages assets totaling $118.7 trillion. Assuming an annual growth rate of 10%, if the allocation ratio reaches 2%, the potential influx of funds could amount to approximately $3.05 trillion. This influx of funds could drive the price of Bitcoin up to around $247,000.

ChainCatcher news, 10xResearch posted on social media that, contrary to popular belief, it believes that the price of Bitcoin is driven by demand rather than changes in the supply of BTC itself (mining).Each cycle of Bitcoin's five bull markets has been driven by innovations in how investors acquire it, from the creation of early spot trading platforms to the use of contracts, unsecured loans, spot Bitcoin ETFs, and now options on these ETFs.This development highlights the increasing integration of Bitcoin with traditional financial markets, and the regulatory approvals from U.S. agencies such as the CFTC and SEC have accelerated this trend, as these agencies have legalized Bitcoin-related financial products over time.

ChainCatcher news, according to Cointelegraph, the world's top scientific journal Nature reported on December 11 the decentralized science (DeSci) project ResearchHub. The platform incentivizes academic peer review through its native token ResearchCoin (RSC), with approximately $150 worth of token rewards for each paper review.ResearchHub is supported by Coinbase CEO Brian Armstrong, who emphasized that peer review should be compensated at the ResearchHub Journal launch event held in San Francisco last month. The platform charges a $1,000 paper processing fee and a 7% transaction fee on ResearchCoin (RSC), of which 2% is returned to the community.The RSC token has risen 23.1% in the last 24 hours, currently priced at $0.9967, with a market cap of $99.62 million.

ChainCatcher message, according to Onchain Lens monitoring, an address associated with Alameda Research transferred 3.36 million FTT to Binance a few minutes ago, worth approximately 11 million USD. Among them, 1 million were transferred to a Binance deposit address suspected to belong to Mirana Ventures.

ChainCatcher news, StarkWare announced that computer science professor Moni Naor has joined its scientific committee as a chief researcher. At StarkWare, he will primarily focus on topics such as Bitcoin cryptography and the decentralization of Starknet.StarkWare stated that Moni has made pioneering contributions to computer science, including groundbreaking research on public key systems resistant to chosen ciphertext attacks, non-malleable cryptography, visual cryptography, and innovative methods for verifying human users (leading to the concept of CAPTCHAs). The first mention of proof of work was proposed by him together with Cynthia Dwork.