Trust Unveils SWIFT Wallet Powered by Account Abstraction

The field of web3 non-custodial wallets just gained a new contender from an old face. SWIFT is the product of Trust Wallet, one of the longest established and most popular crypto wallets. It’s now unveiled the beta of its new product: SWIFT. The user-friendly wallet, which is incorporated into the Trust app, makes use of …

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Figure AI Talks With Microsoft & OpenAI About $500M Investment

Figure AI, startup developing humanoid robots, is talking to Microsoft and OpenAI to raise $500 million in new funding at a valuation of over $2 billion. Figure AI just made a deal with BMW to put the humanoid robots into the car factory for pilot tests over the next 12-24 months. Figure AI has performed …

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Quantum Computers Could Break Bitcoin and Banks by 2025-2029

I was at the Q2B quantum Computer conference today and there was a talk about NSM-10 and the change of the encryption that underlies global finance and data protection. In 2024, the US government will start adopting new encryption rules and a phase out of existing encryption. There is a study being released next year …

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JP Morgan Research on Quantum Computing for Finance

JP Morgan is working to apply all kinds of quantum systems with all kinds of quantum hardware. They have proved different clear academic examples of speedup over classical systems with quantum systems. However, it is currently has not been done on major financially valuable problems. The proofs are done on problems which are easy to …

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Binance to Pay $4.3B to Settle Money Laundering and CEO Changpeng ‘CZ’ Zhao Resigns

Binance, the world’s largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle case. Founder Changpeng “CZ” Zhao pled guilty to charges he personally faced and agreed to pay a $50 million fine. CZ is resigning as CEO. Richard Teng, a former Abu Dhabi regulator …

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As Crypto Adoption Slows, The Integration of Traditional Finance Is A Promising Development

The cryptocurrency industry is pushing for a more equitable future of decentralized financial technology that can empower everyone equally. Its supporters are ardent backers of this cause and new headlines pop up almost every day highlighting how governments, enterprises and institutional investors are expressing their interest in the technology. At the same time, new businesses …

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Good News, Bad News, You Will Become a Millionaire

Federal Reserve reports that mean net worth of the average American household, even adjusting for inflation, was $1.06 million last year. Compared with 2019, that figure was up 23%. IF inflation is at the level of the last three years then the median White family will be millionaires within 20 years. House and stock appreciation …

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