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Can Quantum Computing Break Bitcoin? Project Eleven Puts It to the Test

Project Eleven, a quantum computing research organization, has announced the Q-Day Prize – a global challenge offering 1 Bitcoin to the first team or individual who can use Shor’s algorithm on a quantum computer to break part of an elliptic curve cryptographic (ECC) key. The competition began on April 16, 2025, and will run until April 5, 2026. The main objective is to assess the real-world risk that quantum computing poses to Bitcoin’s cryptographic security. The challenge specifically targets the Elliptic Curve Digital Signature Algorithm (ECDSA). Global Quantum Challenge According to Project Eleven’s tweet , more than 10 million Bitcoin addresses have exposed public keys, potentially putting an estimated 6.2 million BTC, worth approximately $500 billion, at risk if quantum computing capabilities continue to advance. The Q-Day Prize aims to move the discussion around quantum threats beyond theoretical speculation by encouraging a practical demonstration of vulnerability. Participants must run Shor’s algorithm solely on a quantum computer, without assistance from classical computing methods. Even breaking a few bits of a Bitcoin key would qualify as a valid proof-of-concept and could indicate that full key recovery is plausible with future technological improvements. Project Eleven stated that no real-world ECC key has ever been cracked to date. The initiative comes amid notable progress in the quantum computing sector. Google’s ‘Willow’ chip, for example, recently performed a computation in five minutes that would take traditional supercomputers an estimated 10 septillion years. Other firms, including IBM, Amazon, and Microsoft, have also made advancements in quantum hardware, and access to quantum processors is increasingly available via cloud services. PsiQuantum, another major player in the field, raised $750 million in early 2025, citing developments in photonic chip design and improvements to quantum algorithms such as Shor’s. While industry experts do not consider the quantum threat to Bitcoin to be imminent, Project Eleven’s initiative seeks to quantify that risk through open experimentation. The Great Quantum Debate The quantum computing debate isn’t new. Earlier this year, CryptoQuant identified it as an emerging risk, especially in areas like mining and private key protection. The debate reignited after a November NIST report warned that certain algorithms vulnerable to quantum attacks will be phased out within five years. While some voices, such as ‘Bitcoin Isaiah’ on X, advocate for urgent preparation, others like Blockstream CEO Adam Back maintain that Bitcoin’s encryption should hold firm until around 2035. The post Can Quantum Computing Break Bitcoin? Project Eleven Puts It to the Test appeared first on CryptoPotato . NewsBTC

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Curve DAO Token eyes higher low as key confluence zone holds

CRV is showing strong potential for a trend continuation after finding support at a major confluence zone. With volume starting to step in and price structure forming a potential higher low on the daily, all eyes are on whether bulls can defend this area and push the chart into the next leg higher. Curve DAO Token ( CRV ) is beginning to show signs of a potential structural shift on the daily timeframe. After a sustained downtrend, recent price action has started consolidating above a zone packed with technical confluences. These zones typically attract strong buyer interest and, when defended successfully, often mark major pivot points. This analysis explores the key levels and signals traders should monitor to confirm the formation of a higher low and the likelihood of a continuation. Key technical points Confluence Zone Support: Price is holding above the value area low, the 0.618 Fibonacci retracement, and a local swing low, suggesting buyers are actively defending this level. Higher Low Setup: A grinding move into the key swing low, followed by a reclaim and sustained hold above it, would confirm strength and trend continuation. Volume and VWAP Alignment: Sustained buy volume, with VWAP aligned to this zone, would add conviction to a potential bullish breakout. Source: TradingView CRV’s current chart structure is building out a classic higher low formation, often seen at the early stages of a bullish trend reversal. What makes this setup particularly compelling is the heavy confluence of key technical levels stacked within one zone. The value area low, derived from volume profile analysis, aligns closely with the 0.618 Fibonacci retracement from the recent leg up. This overlap is further reinforced by a local swing low, giving bulls a solid foundation for defense. Zooming out slightly, this confluence zone sits just above a weekly support/resistance flip, suggesting the market has memory at this level. The ongoing consolidation just above this zone shows that buyers are stepping in, but haven’t made the decisive push just yet. This kind of slow, grinding action often precedes explosive moves, especially if the swing low is taken briefly (a liquidity grab) and then quickly reclaimed. You might also like: Ethereum price bullish pattern points to a 35% surge A key confirmation trigger would be seeing the value area high within the same zone act as support. This would indicate that market participants are not only defending the base, but also comfortable reloading on dips. For this to play out effectively, volume should begin rising steadily as price reclaims and holds above this range. The VWAP, also aligned near the Fib level, adds further weight to the bullish case. What to expect next If buyers continue to defend the current region and push above the value area high with rising volume, CRV could target significantly higher levels in the short term. The structure suggests accumulation, and any reclaim of the local highs may spark a trending move. For now, the focus remains on the higher low being locked in, and if it holds, a breakout could be just around the corner. Read more: SHIB whales eye new viral crypto as 10,000% rally predictions surface NewsBTC