France sets 2027 quantum encryption test as crypto watches

Frances cybersecurity agency ANSSI plans to stop certifying security products that do not support quantum-resistant encryption from 2027.  The rule would affect products used by French government bodies and critical infrastructure operators, where ANSSI approval often decides whether a product can be deployed in sensitive systems.  ANSSI Chief of Staff Samih Souissi said businesses should buy only quantum-safe products by 2030. He said, “It‘s not only a technical issue. It’s a matter of governance, industrial planning, regulation, and sovereignty.” The statement turns a long-running warning into a clear procurement test for vendors seeking public-sector access.  2027 becomes a global deadline  France‘s move places it close to the U.S. National Security Agency’s CNSA 2.0 timeline. Under that program, new U.S. national security system acquisitions must support approved quantum-resistant algorithms from Jan. 1, 2027. Systems that cannot support the new suite must be phased out by the end of 2030.  The shared date matters for vendors that sell into defense, government, banking and critical infrastructure markets. A product that lacks post-quantum cryptography may soon lose access to major public contracts. The shift gives suppliers less room to treat quantum readiness as a future upgrade or marketing label. It also creates a clear date for budgets, audits and

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France to stop certifying products lacking quantum-resistant encryption

Frances national cybersecurity agency ANSSI said Tuesday that it will stop certifying security products that lack quantum-resistant encryption, reflecting growing concern among governments about quantum threats to cryptography.  ANSSI chief of staff Samih Souissi said at the France Quantum 2026 Summit that it would halt such certifications in 2027 and that businesses should buy only quantum-safe products by 2030, Reuters reported.  “ANSSI has been telegraphing this move for years,” Marin Ivezic, the founder of consulting firm Applied Quantum, said in a post on LinkedIn. “What changed yesterday is that ANSSIs chief of staff said it publicly at a major conference, in front of the French quantum ecosystem, with Reuters in the room. The guidance became a commitment.”  ANSSI certification is a prerequisite for use across French government agencies and critical infrastructure operators. The move would force vendors to demonstrate post-quantum cryptography capability by 2027 or lose access to government contracts.  “It‘s not only a technical issue,” Souissi said. “It’s a matter of governance, industrial planning, regulation, and sovereignty.”  ANSSI Chief of Staff Samih Souissi speaking at Orange OpenTech 2025 Source: YouTube  Frances 2027 cutoff aligns with a move from the US National Security Agency (NSA) to require all national security systems to use its suite of

06-18

Ark Invest Buys $18.4M Coinbase, CME to Sue CFTC, Bitcoin Holds Near $64K

Crypto News  Cathie Wood‘s Ark Invest added roughly $18.4 million of Coinbase Global stock across three exchange-traded funds on June 17, buying 111,799 shares even as the equity slid 2.57% to $164.92 and extended a 12.95% monthly drop. The purchase lifts Coinbase to the eighth-largest holding in the flagship ARK Innovation ETF at a 3.71% weighting valued near $258.6 million. In the same disclosure, Ark sold 275,572 Robinhood shares worth about $29 million as that stock jumped 8.78% to $105.20. The rotation followed Coinbase’s June 16 launch of tokenized U.S. equities for overseas clients, plus an AI-powered advisory feature, and Robinhoods announcement of a 10% workforce cut.  Senators Cynthia Lummis and Ruben Gallego introduced a bipartisan resolution on June 17 declaring that convicted FTX founder Sam Bankman-Fried should receive no presidential pardon, clemency, or commutation. Bankman-Fried was sentenced to 25 years in 2024 on seven fraud, conspiracy, and money-laundering counts, with an $11 billion forfeiture order tied to more than $8 billion stolen from customers. A federal appeals court upheld his conviction on June 12, days after he filed a clemency petition with the Justice Department on June 8. Prediction markets currently price his odds of a pardon before 2027 at just

06-18

France to Phase Out Non-Quantum Encryption as Bitcoin Security Concerns Grow

In briefFrance will stop certifying security products that lack quantum-safe encryption beginning in 2027.Officials cited concerns that future quantum computers could decrypt encrypted data stolen today.The move comes as crypto developers and wallet providers prepare for potential quantum threats to Bitcoin and other blockchains.  France is preparing to phase out security products that lack quantum-resistant encryption, underscoring the growing concern about the future of the cryptography securing everything from government networks to Bitcoin.  According to a report by Reuters, Frances cybersecurity agency ANSSI announced this week that it will stop certifying security products that do not use quantum-safe encryption beginning in 2027, advising that companies should buy only quantum-safe products by 2030.  ANSSI certification is required for French government agencies and critical infrastructure operators, making the decision a de facto phase-out of older cryptographic systems.  “Its not only a technical issue,” ANSSI Chief of Staff Samih Souissi said at the annual France Quantum conference. “Its a matter of governance, industrial planning, regulation, and sovereignty.”  The policy change comes amid growing concern about Q-Day, or the expected arrival of quantum computers powerful enough to crack modern encryption. Security experts also warn of “harvest now, decrypt later” attacks, in which adversaries collect encrypted data today with the

06-18

Bybit Private Wealth Posts 50%+ APR, But the Real Story Is Risk

When a crypto exchange starts quoting yields that look more like a DeFi summer headline than a disciplined wealth management service, the market should pay attention—but not just for the number. Bybits announcement that its Private Wealth Management division generated over 50% in 30-day annualized returns across multiple strategies reveals as much about the competitive sprint for institutional capital as it does about the risk frameworks that accompany such figures.  Bybit, which has consistently ranked as the second-largest crypto exchange by trading volume, is not the first platform to court high-net-worth individuals and family offices with wealth management suites. But the raw size of the quoted $APR—substantially above what most prime brokers or lending desks advertise—stands out. It moves the conversation from “institutional crypto is maturing” to “how are these returns being constructed, and what happens when conditions shift?”  The Yield Arms Race Among Exchanges  Private wealth divisions at major exchanges have become a strategic priority. Binance, Coinbase, and Kraken have all expanded beyond spot and derivatives trading into lending, structured products, and discretionary mandates. The logic is straightforward: sticky, high-net-worth capital generates fee revenue across market cycles and reduces reliance on speculative retail volumes. With the global crypto market cap hovering in

06-18

Coinbase to List Re (RE) Token, Expanding Access to Decentralized Data Infrastructure

Coinbase, one of the largest publicly traded cryptocurrency exchanges in the United States, has announced plans to list the Re (RE) token. The listing will make RE available for trading on Coinbases platform, providing increased liquidity and accessibility for the token, which powers a decentralized data verification and reputation network.  What is Re (RE) and Why Does This Listing Matter?  Re (RE) is the native utility token of the Re blockchain, a platform designed to create a decentralized infrastructure for data verification, digital identity, and reputation management. The project aims to address challenges in online trust and data integrity by allowing users to verify and attest to information in a secure, immutable manner. The listing on Coinbase represents a significant milestone for the project, as it opens the door to a broader audience of retail and institutional investors who use the exchange.  Timeline and Availability  Coinbase has indicated that the listing will be rolled out in phases, beginning with the transfer of RE tokens into the platform. Trading is expected to commence once sufficient liquidity conditions are met. Users should monitor Coinbases official status page and announcements for the exact start time. The exchange has emphasized that RE will be available in supported jurisdictions,

06-18

Stablecoin Shakedown: Binance, Coinbase And Kraken Restrict USDT In Europe Ahead Of MiCA Deadline

Europe‘s stablecoin market is moving into its next, stricter phase as major exchanges continue reshaping $USDT access for users in the European Economic Area under the EU’s Markets in Crypto-Assets framework.  TL;DRBinance, Coinbase, Kraken and other platforms have adjusted stablecoin access for EEA users under MiCA.The shift has hit Tethers $USDT hardest because Tether has not obtained MiCA authorization for the token.Circles $USDC and $EURC have benefited from being positioned as compliant alternatives in the region.The key date now is the final CASP compliance cliff on July 1, 2026.  MiCA Keeps Reshaping Stablecoin Access In Europe  The change is not a sudden collapse in $USDT liquidity. It is a regulatory sorting process. Under MiCA, stablecoin issuers serving the EU must meet authorization and reserve requirements, while crypto-asset service providers face their own compliance deadlines. For users, the visible result is straightforward: some stablecoins remain available in Europe, while others become restricted, phased out, or unavailable through regulated exchange venues.  Binance‘s EEA stablecoin notice shows how exchanges have had to adjust product access around stablecoin rules. Coinbase’s EEA stablecoin policy similarly reflects the split between compliant and non-compliant stablecoins for regional users, while Krakens asset availability page is now part of the practical checklist for

06-18

Trace Finance Takes $32M Series A to Scale the Bank Layer Stablecoins Are Missing

Coinfund Leads the Round  According to the release shared with Bitcoin.com News, Coinfund led the raise. Coinbase Ventures, Haun Ventures, Jump Capital, Valor Capital, Paxos, and HOF Capital joined the round, along with strategic backers Chainlink Labs and SNZ Capital.  Angel participants include Sean Neville, co-founder of Circle; Anatoly Yakovenko, co-founder of Solana Labs; Bam Azizi, co-founder and CEO of Mesh; and Ricardo Villela Marino, Partner and Vice Chairman at Itau Unibanco, Latin Americas largest bank.  What Trace Actually Does  Trace connects global stablecoin liquidity with local bank infrastructure in high-growth markets. The company does not just move stablecoins; it handles the FX conversion, bank connectivity, and compliance layer that enterprises need to settle payments across borders legally and at scale.  That distinction matters. Brazil classifies virtual asset cross-border flows as foreign exchange operations, pushing institutional volume toward providers with real banking infrastructure. Trace built that stack there and became the main provider for the top four global payment companies operating in LatAm, including dLocal.  To date, Trace has processed more than $10 billion in cross-border volume.  Why the Founders See a Bigger Gap  Bernardo Brites, co-founder and CEO of Trace Finance, made the companys position clear: “ Stablecoins alone do not solve cross-border payments. Stablecoins plus regulated

06-18

Trace Finance secures $32 million to expand stablecoin rails

Trace Finance, a financial infrastructure company that connects banking networks between the US and Brazil with stablecoin settlement systems, has raised $32 million in a Series A funding round led by CoinFund. Other participants included Coinbase Ventures, Haun Ventures, Jump Capital, and several crypto-focused investors.  Regulatory change in Brazil drives momentum  The investment comes at a time when Brazil has reclassified cross-border crypto transfers as currency operations. This regulatory shift is prompting institutional transaction volumes to move away from unregulated crypto platforms toward intermediaries that are licensed and operate under banking standards—a space in which Trace Finance is strategically positioned.  Based in New York, Trace Finance reports that it has already facilitated nearly $10 billion in cross-border transaction volume. The company has become a key settlement partner for several major global payments firms in Latin America, including Uruguay-based payments company dLocal.  In financial terms, “settlement” refers to the final completion of transactions between parties and the official transfer of funds. With stablecoin settlement, this process is carried out using digital assets typically pegged to the US dollar, streamlining international value transfers.  Company sets sights on international growth  Trace Finance co-founder and CEO Bernardo Brites explained that the companys strategy centers on combining digital assets with traditional

06-18

Lines Between Crypto and TradFi Will Vanish, Bitwise Says

According to Bitwise, the boundary separating traditional finance (TradFi) and the cryptocurrency sector has started to disappear.  Such a statement has come after Coinbases sweeping “System Update” announcement, which unveiled a massive push to become an “Everything Exchange”.  Bitwise Chief Investment Officer Matt Hougan has noted that Coinbase might eventually cease being a crypto company per se if its revenue eventually stems from non-spot trading activities (trading stocks, offering perpetual futures and options, and so on). “The lines between crypto and TradFi are going to vanish,” Hougan stated.  The cryptocurrency-native firm, which competes with the likes of Binance and Kraken, will now face off against the likes of Robinhood, Charles Schwab, and Interactive Brokers.  The “everything exchange”  Coinbase aspires to become the main financial account for its users, making sure that they use a single login for all types of investment activities (including those that do not involve crypto). The platform will no longer be confined to the on-chain world.  Next month, non-U.S. customers will be able to trade tokenized stocks on the exchange. Holders will receive dividend payouts and shareholder rights on top of such perks as 24/7 trading and peer-to-peer transfers. Traders can now transfer existing stock portfolios from other platforms directly to Coinbase.  The

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