Knocking Bitcoin's lack of yield shows your ‘Western financial privilege’

The post Solana co-founder urges need for Bitcoin to adopt quantum resistance for future security appeared on BitcoinEthereumNews.com. Solana co-founder Anatoly Yakovenko is urging the Bitcoin community to begin transitioning to quantum-resistant security measures, warning that advances in quantum computing may arrive faster than expected. Speaking during a Sept. 18 session at the All-In Summit, said the accelerating pace of technological breakthroughs means Bitcoin should not wait until the threat is imminent. According to him: “We should migrate Bitcoin to a quantum-resistant signature scheme. This is my bet, and it’s because so many technologies are converging right now, and this asymptotic rate of AI and how fast it’s accelerating—going from a research paper to an implementation—is astounding. So I would try to encourage folks to speed things up.” Yakovenko’s position is unsurprising, as market concerns over Bitcoin’s vulnerability to quantum-powered attacks have gained momentum following companies like Google reporting advances in the space. Considering this, he argued that these major tech firms’ adoption of quantum-resistant cryptography should signal the right time for Bitcoin to migrate its security architecture. The Solana co-founder furthered: “My key for this is Google and Apple adopting a quantum-resistant cryptographic stack. This is the time to go migrate, because now the consumer side of it is effectively solved and you don’t have to kind of wait. So you watch where Google’s going.” However, despite Yakovenko’s warnings, industry experts remain split on the technological advancements timeline as some argue that breakthroughs could occur within this decade, while others contend that the risks remain distant. Regardless of when its implementation occurs, Yakovenko stressed that the technology would be both a challenge and an opportunity. He said: “For the general public, quantum computing is such a massive unlock in terms of how much we can process that it’s going to be as big of a wealth creator, if we pull it off, as AI.” Bitcoin remains resilient…

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The post More Americans Filed For Unemployment Last Month Than Expected appeared on BitcoinEthereumNews.com. Topline The number of Americans who filed for unemployment rose more than expected from mid-September to mid-October, according to the Labor Department, whose key economic reports were delayed during the government shutdown. Economists projected a cooling labor market for weeks during the government shutdown. Getty Images Key Facts Applications for jobless benefits in the U.S. totaled 232,000 in the week ending Oct. 18, according to Labor Department data, an increase over the last reported 219,000 applications for the week ending Sept. 20 and above the Dow Jones consensus of 223,000 claims. Continuing jobless claims, or the number of people receiving benefits, rose slightly to 1.957 million from 1.947 million the previous week. Weekly data on initial claims is not available for the previous three weeks, and the Labor Department has not yet released its jobless claims report despite the government shutdown ending last week. What To Watch For Whether the Labor Department’s jobless claims data will be updated later this week. Several other economic reports were delayed during the shutdown, including September and October unemployment data, though the Bureau of Labor Statistics is expected to release the postponed reports in the coming weeks. The agency has already updated its schedule to show that September’s jobs report will be released on Thursday. Wall Street expects the U.S. to have added 58,000 nonfarm jobs in September and for the unemployment rate to have settled at 4.3%, according to FactSet. It’s not immediately clear when the other reports will be released: National Economic Council Director Kevin Hassett said October’s jobs report will be partially released, dispelling concerns the data would not be released after the White House said the report would “likely never” be published. Read More Source: https://www.forbes.com/sites/tylerroush/2025/11/18/jobless-claims-rose-more-than-expected-last-month-to-232000-delayed-data-shows/