Crypto Market Under Threat: Google Forecast, Mining Ban, and Gulf War

Google's recent forecast has sparked concerns about the security of Bitcoin and Ethereum. According to the researchers, breaking these cryptocurrencies with a quantum computer may be more feasible than previously thought, requiring fewer qubits and time.

The industry experts are urging a swift change in algorithms to mitigate this risk. Ethereum is particularly vulnerable due to its architecture and data-handling. Once a wallet sends a transaction, its public key remains on-chain forever, making it an ideal target for quantum hackers.