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Crypto Insight
22-07-2025
- Business
- Crypto Insight
Bitcoin's quantum countdown has already begun, Naoris CEO says
A hacker-turned-defender warns that most of the industry is asleep on crypto's existential threat: quantum computing. David Carvalho, CEO of post-quantum infrastructure firm Naoris Protocol, began hacking at the age of 13, experimenting with spam emails to attract job offers and gain attention from employers. Eventually, that curiosity shifted into formal cybersecurity work, where he used the same skills to defend systems instead of probing them. Today, he builds quantum-resilient systems for decentralized networks and claims that the cryptographic foundations of blockchains like Bitcoin and Ethereum are dangerously outdated. 'The cryptography behind nearly every chain is as weak as the rest of the world's cryptography,' Carvalho told Cointelegraph. 'Quantum is coming for it all, like meteors came for the dinosaurs.' Though Bitcoin and other blockchain developers often claim there's still plenty of time to adapt, the window may be closing fast. Efforts to implement quantum-resistant signatures are underway, but Carvalho said they're far from widespread or treated with the urgency the threat demands. The quantum threats harvesting Bitcoin data today For years, the idea that quantum computers could threaten Bitcoin felt like science fiction. But real-world developments suggest the threat is shifting from theory to early practice. Governments and tech giants are already preparing for what's known as the 'harvest now, decrypt later' model. US federal agencies, such as the National Institute of Standards and Technology, have warned since 2022 about the urgency of adopting quantum-resistant algorithms, while a White House memorandum prompted the NSA to advise government contractors to migrate to post-quantum cryptography by 2035. Today's quantum technology still falls short of cracking Bitcoin's SHA-256 hash function or the Elliptic Curve Digital Signature Algorithm (ECDSA) that secures crypto keys. But researchers like Carvalho argue that exponential breakthroughs — especially when paired with AI — could arrive abruptly. State-sponsored actors and cybercriminal groups are already collecting encrypted blockchain data now, hoping to decrypt it once quantum hardware catches up. 'The adversaries collecting encrypted blockchain data right now aren't waiting to attack today,' Carvalho said. 'They're building data sets for tomorrow. When the tech catches up, they'll unlock a decade of secrets in minutes.' Despite these warnings, most of the Bitcoin community doesn't see quantum computing as an immediate threat, and there's no widespread sense of panic. Bitcoin's current cryptography is still considered robust against existing quantum machines, and developers have begun exploring defenses like BIP-360, which proposes quantum-resistant addresses. Projects like Carvalho's Naoris Protocol are also working to help blockchains transition to post-quantum cryptographic standards. Quantum laced with AI is Bitcoin's real apocalypse While most conversations about quantum threats focus on brute-force attacks on cryptographic keys, Carvalho believes the true danger lies in the convergence of quantum computing and artificial intelligence. Together, he argues, they could enable stealthy, asymmetric attacks that don't overwhelm crypto systems with power but dismantle them with precision. 'Everyone's waiting for a countdown that won't come. You won't get a warning that a 10-year-old Bitcoin wallet has been cracked. You'll just see funds moved, and no one will be able to prove how or by whom,' he said. AI is already embedded in cybersecurity — used for intrusion detection, smart contract auditing and anomaly detection. But in the wrong hands, the same tools could be flipped. An AI attacker could automatically scan open-source wallets for edge-case bugs, simulate validator responses and adapt in real time to network behavior. If paired with a quantum computer capable of breaking elliptic-curve private keys, the result wouldn't be a loud breach, but what Carvalho calls a 'silent collapse.' 'This isn't just about stealing coins,' he said. 'It's about eroding trust invisibly. Entire blockchains could be compromised, governance systems spoofed, and no one would know who did it or how.' AI-driven tests have found vulnerabilities in cryptographic libraries that traditional tools overlook. Combine that with adversaries stockpiling encrypted data under the 'harvest now, decrypt later' model, and the groundwork for a systemic breach may already be in place. Carvalho warned that this could mark Bitcoin's true apocalypse if left unaddressed — not a dramatic livestreamed cracking of SHA-256 but a slow, silent erosion of the trust layers that hold the system together. Bitcoin can't defend against weak links For all the talk of Bitcoin's decentralization, its real-world infrastructure remains deeply centralized. Cloud platforms, mining pools and validator networks all present vulnerable chokepoints that quantum-capable adversaries could exploit. If a single cloud provider hosting hundreds of full nodes is compromised, the damage could ripple across the entire network, regardless of how decentralized the protocol itself claims to be. 'Decentralization is great on paper, but if everyone's routing through the same few backbones or trusting a handful of third-party APIs, the game's already lost.' The quantum threat could exploit the blind spots in the systems around it: centralized infrastructure, aging technology and trust assumptions. Some projects are already being prepared. Carvalho's Naoris, for example, draws on national security frameworks to build decentralized systems designed for a post-quantum world. Others are developing quantum-resistant rollups, new key formats and protocol upgrades through Bitcoin Improvement Proposals (BIPs) or leveraging inherently secure technologies like StarkWare's STARKs. The threat is approaching, but the response is also growing. What remains is whether the crypto ecosystem will act before it's too late. Source:
USA Today
20-06-2025
- Business
- USA Today
ESPN report reveals how 'miserly' Lakers have been under Jeanie Buss
ESPN report reveals how 'miserly' Lakers have been under Jeanie Buss The ownership of the Los Angeles Lakers is changing hands. On Wednesday, the Buss family, which has owned the team since 1979, reportedly agreed to sell a majority share of it to Mark Walter, the CEO of Guggenheim Partners, for a valuation of $10 billion. While the Lakers have become one of the most prestigious sports franchises and brands under the Buss family's ownership, most of their success during that time came when the late Dr. Jerry Buss was their owner from 1979 to 2013. When Dr. Buss passed away in 2013, control was passed down to his children, and the Lakers have gone through many peaks and valleys since, with the valleys becoming more numerous than the peaks. A lot of the criticism of how the franchise has been run has centered around the perception that it has operated like a mom-and-pop small business, especially since the Buss family isn't particularly cash-rich. In fact, an ESPN report on Wednesday's sale outlined several concerning ways in which the team has pinched pennies. Many remember how it failed to hire Tyronn Lue to be its head coach in 2019 after Lue wanted a little more money and a longer contract. But the other examples of what ESPN called its "miserly traits" don't reflect well on how it has been run. One instance had to do with one of its assistant coaches. "An assistant coach was not approved to stay at the same hotel as the player he was traveling to work out with in the offseason because the room was too expensive," wrote Tim Bontemps and Dave McMenamin. Prior to the NBA lockout in 2011, a sizable number of team staffers and employees were laid off, including one longtime member of the front office. "Former assistant GM Ronnie Lester's contract was not renewed during the NBA lockout in 2011, a financial decision and one of many in a rash of layoffs or nonrenewals." Plus, in one move that resulted in lots of criticism, the Lakers asked for financial help from the government during the height of the COVID-19 pandemic through a program that was designed to help small businesses, not world-class sports franchises. "The team applied for federal relief through the Small Business Administration's Paycheck Protection Program during the COVID-19 hiatus. After considerable backlash, they later returned the $4.6 million to the government." As NBA teams started to utilize analytics more and more in recent years, the Lakers lagged behind. They were the only team in the league that wasn't represented at the Sloan Analytics Conference in 2013. That did start to change, however, last offseason, when they hired coach JJ Redick and Redick urged them to become more data-driven. Walter has owned a sizable chunk of the Los Angeles Dodgers since 2012. At the time, the Dodgers were a franchise that enjoyed plenty of success in the 1950s, 1960s, 1970s and 1980s but had fallen on hard times for roughly the previous 20 years. Under his ownership, they have won the National League West in 11 of the last 12 seasons, and they have won the World Series championship in 2020 and 2024. Walter built up the team's analytics department, hired standout front office people such as Andrew Friedman and spared no expense in acquiring former MVPs in their primes, such as Mookie Betts, Freddie Freeman and Shohei Ohtani. Lakers fans, by and large, are now optimistic that similar results could lie ahead for the Purple and Gold.
10-06-2025
- Politics
In their own words: Trump, Newsom trade insults and barbs over National Guard in Los Angeles
The swiftly evolving situation in the Los Angeles area over protests surrounding immigration enforcement actions has also cued up a public spat between President Donald Trump and Gov. Gavin Newsom, the California governor who has been one of the Republican president's most vocal Democratic critics. After Trump on Sunday called up 2,000 National Guard troops to respond, Newsom said he would sue the administration, a promise on which the state followed through a day later. Trump cited a legal provision that allows him to mobilize federal service members when there is 'a rebellion or danger of a rebellion against the authority of the Government of the United States." The president also agreed with one of his top advisers that maybe the governor should be arrested. Here's a look at back-and-forth between Trump and Newsom in their own words: 'You have violent people, and we're not gonna let them get away with it.' — Trump, Sunday, in remarks to reporters in Morristown, New Jersey. ___ Newsom's ire has been elevated over Trump's decision to, without his support, call up the California National Guard for deployment into his state. In a letter Sunday, Newsom called on Trump to rescind the Guard deployment, calling it a 'serious breach of state sovereignty.' The governor, who was in Los Angeles meeting with local law enforcement and other officials, also told protesters they were playing into Trump's plans and would face arrest for violence or property destruction. 'Trump wants chaos and he's instigated violence,' he said. 'Stay peaceful. Stay focused. Don't give him the excuse he's looking for.' In an interview with MSNBC, Newsom said Sunday he had spoken with Trump 'late Friday night,' after the protests had begun, but said deploying the National Guard 'never came up.' "We talked for almost 20 minutes, and he — barely, this issue never came up. I mean, I kept trying to talk about LA, he wanted to talk about all these other issues," Newsom said. 'We had a very decent conversation.' 'He never once brought up the National Guard,' Newsom said of Trump, calling him 'a stone-cold liar.' Saying, 'I did call him the other night,' Trump told reporters Sunday that he told Newsom in that call: ''Look you've got to take care of this. Otherwise I'm sending in the troops.' ... That's what we did.' On Monday, Trump posted on social media that Los Angeles would have been 'completely obliterated' without his intervention and referred to Newsom as 'Newscum,' a pejorative moniker he has used to refer to the governor. 'We are suing Donald Trump. This is a manufactured crisis. He is creating fear and terror to take over a state militia and violate the U.S. constitution.' — Newsom, Monday, X post. ___ As Newsom promised, California officials sued the Trump administration on Monday, with the state's attorney general, Rob Bonta, arguing that the deployment of troops 'trampled' on the state's sovereignty and pushing for a restraining order. The initial deployment of 300 National Guard troops was expected to quickly expand to the full 2,000 that were authorized by Trump. Late Monday, Trump authorized an additional 2,000 National Guard troops. Ahead of that move, Newsom accused the president of inflaming tensions, breaching state sovereignty and wasting resources, while warning protesters not to 'take Trump's bait.' Teasing the suit, Newsom told MSNBC that he saw the deployment as 'an illegal act, an immoral act, an unconstitutional act.' Asked Monday about the lawsuit, Trump said it was 'interesting' and argued 'that place would be burning down' without the federal government's intervention. 'I'm very happy I got involved," Trump added. "I think Gavin in his own way is very happy I got involved.' 'I think it's great. Gavin likes the publicity, but I think it would be a great thing." — Trump, Monday, in remarks to reporters. ___ Tom Homan, the Trump administration's border czar, previously warned that anyone, including public officials, would be arrested if they obstructed federal immigration enforcement. Newsom's initial response to Homan, during the MSNBC interview and in subsequent posts on his own social media: 'Come and get me, tough guy.' On Monday Trump seemed to agree with his border chief, telling reporters, 'I would do it if I were Tom.' 'I think it's great. Gavin likes the publicity, but I think it would be a great thing,' Trump added. "He's done a terrible job. Look — I like Gavin, he's a nice guy, but he's grossly incompetent, everybody knows." Homan later said there was 'no discussion' about actually arresting Newsom, but reiterated that 'no one's above the law.' wrote Monday on X that they represented 'a day I hoped I would never see in America' and said Trump's call for his arrest marked 'an unmistakable step toward authoritarianism.'
CBC
05-05-2025
- CBC
Organizer hopes Red Dress Day event will put N.B. cases in 'spotlight'
Social Sharing Natasha Ward of Metepenagiag hopes a local commemoration of Red Dress Day will remind people of missing and murdered Indigenous women from right here in New Brunswick, including Erin Brooks. Ward has organized an event on Tuesday in Saint John at the Boys and Girls Club to commemorate the annual day of remembering missing and murdered Indigenous women and girls. Brooks of Sitansisk First Nation, also known as St. Mary's, has been missing for more than three years and her mother Laurie Brooks will attend this year's event. Ward said that she "wanted to get Erin's case back in the spotlight" and "give support back to Laurie." Police have said that Brooks was likely the victim of a homicide. "You read about it, you see it on TV, and you know, you feel bad for these people, but you don't truly understand until you have to go through it yourself," said Amy Paul, Brooks's sister. "It is awful." Brooks, a mother of four, would have celebrated her 40th birthday this year, said her mother. When asked about the case, Ward said it's heart-wrenching "but I just want her to know that we're here to support her and we'll be there with her." She said the case "seems like it's at a standstill" so she wants to "put her face out there, put the case out there," and try to get it back in the spotlight. The value of a life "When you see the red dresses hanging in the trees, it's very haunting, it catches your attention," Ward said. "It helps to call back the spirits of our loved ones." She also said the red handprint Indigenous women often wear on their faces represents the silencing they encounter. Ward was moved to get involved in Red Dress Day when a controversy about missing women erupted in Manitoba, she said. The provincial government and police initially refused to search a Winnipeg-area landfill after learning that a serial killer may have dumped the bodies of missing Indigenous women there. "Our lives are not put at the same value as others," Ward said. "When the landfill cases came out, it really affected me as an Indigenous woman to be disregarded like that and the fight that was put out there to not search for these women was insane," she said. "Mothers were begging to have this landfill search." When the landfill was searched, the remains of three women were found. Buffalo Woman, or Mashkode Bizhiki'ikwe, was an unknown victim until she was identified as Ashlee Shingoose of St. Theresa Point First Nation in March. Red Dress Day has been observed on May 5 since 2010 as a day to honour and remember missing and murdered Indigenous women, girls and two-spirit people. Ward said that she wants people to "get familiar with the 231 calls to justice" and have a better understanding of the issues that Indigenous people face, such as inter-generational trauma. These calls for justice are laid out in the National Inquiry into Missing and Murdered Indigenous Women and Girls report. The document outlining the calls for justice is available on the National Inquiry Into Missing and Murdered Indigenous Women and Girls website. When the inquiry issued the calls for justice, it included a demand for a national action plan to deal with violence against Indigenous women, girls and 2SLGBTQ+ people, and a system of annual reporting on the plan's progress. Ward said she organized Tuesday's event in Saint John to keep the issue on the front burner.
Yahoo
28-04-2025
- Politics
- Yahoo
Black Renters Could Be Displaced by Historic Affordable Housing Cuts
Elisha Fye Jr. grew up hearing his father's stories of the Jim Crow South. There, Elisa Sr. was born on a plantation in 1918 and one of 14 children in a family of sharecroppers who toiled all year for just $200 and a share of the crops in Vidalia, Georgia. After a violent run-in with a white man forced him to flee to the Army, the elder Fye fought in World War II and then moved to New York City, where he rebuilt his life — and the city — from the ground up. In New York, Elisha Sr. helped build the underwater Brooklyn–Battery Tunnel before working in the boiler room of Cooper Park Houses, a public housing complex. There, he would raise Fye and his five other children alone after his wife died. Decades later, Fye is now leading the fight to protect that same affordable housing community — owned by the New York Housing Authority — against funding cuts and privatization schemes. He is frustrated that the federal government fails to see the hard work and sacrifice that define the lives of those living in subsidized housing. Over the past decade, his community has fought and won battles against a fossil fuel company and a private buyer who attempted to purchase the complex. This legacy of perseverance is now under threat as federal funding for subsidized housing faces deep cuts and privatization efforts. The Trump administration is proposing a dramatic — and, for many, devastating — transformation of the country's support for low-income renters. The administration has proposed cutting billions of dollars in funding for government-subsidized housing, including a $1 billion program to preserve and renovate aging affordable housing units and a program used to house people escaping domestic violence. Black people make up about 45% of public housing residents and 33% of government-subsidized private housing, despite making up about 12% of the population. In some cities across the Northeast like Boston and Washington, D.C., and across the Gulf Coast, as many as 40% of all rental units are subsidized. At the state level, Rhode Island, New York, Massachusetts, Connecticut, and Louisiana have the highest number of subsidized housing units per capita. By far, New York City has the most subsidized units, with roughly 25% of NYC's Black residents living in subsidized housing. 'I fear the federal government and Trump has no respect for the Black family at all. I worked for 40-something years, my father worked almost his whole life, but our home has always been under threat,' Fye said. 'I don't think [the fight] will end in my lifetime, but we'll keep on fighting.' Already, there is a national shortage of 7.1 million homes for the country's low-income renters, and a majority of Americans struggling with access to housing are in the workforce or retired. The proposed cuts are a part of a long history of neglecting public housing and could lead to an increase in homelessness by tens of thousands of people, explained Kim Johnson, manager of public policy at the National Low Income Housing Coalition. The long trajectory of underfunding subsidized housing began when public housing, initially designed for white working-class families, saw a sharp increase in Black families moving in after World War II. 'Public housing has been systemically disinvested in for generations, and, unsurprisingly, it has its roots in racism,' she said. 'With new cuts, thousands of people are going to lose the assistance that they rely on to keep a roof over their heads.' The cuts to rental assistance align with the Trump administration's goal of shrinking the footprint and costs of the federal government. The reductions have largely focused on reducing federal programs meant to alleviate poverty and inequality, which the administration has cast as too generous or wasteful. With fewer vouchers and rental assistance available, Black families may be forced onto long waitlists, to double up with relatives, or risk homelessness when they can no longer afford rising rents. In recent years, homelessness has risen to record highs and people experiencing homelessness have faced threats of incarceration and fines and fees for sleeping on the street. 'The mood around here is sad right now,' said Fye, who is 72 years old and recently suffered a stroke. He knows the current fight is as important as it might ever be. It is estimated that roughly 1 out of 5 government-owned housing complexes are in disrepair, and more than 5% of privately owned but government-subsidized properties face the same struggles. The loss of funding for local programs and building repairs means families may see their apartments deteriorate: leaks go unfixed, heating systems break down, and mold or pests become persistent hazards. Now the focus is on simply holding on to what little security they have left instead of improving it, Fye said. Since January, at least $60 million in funding for affordable housing developments has been frozen or thrown into limbo, with contracts to distribute these funds canceled for two of the three national nonprofits tasked with the job. This has left hundreds of projects — and the jobs and homes they would create — at risk. At the same time, the $1 billion program to preserve and renovate aging affordable housing units is also being terminated, threatening the long-term viability of tens of thousands of apartments for low-income Americans. Central to these changes is the proposed overhaul of the Section 8 voucher program, which could see millions of Americans lose access to the rental assistance that helps keep roofs over their heads. Section 8 housing, officially known as the Housing Choice Voucher Program, is a federal assistance program that helps low-income individuals and families afford housing in the private market by subsidizing a portion of their rent. Under Section 8, eligible participants typically pay about 30% of their monthly income toward rent and utilities, while the voucher covers the remaining amount, paid directly to the landlord. Due to funding limitations and landlords routinely turning down vouchers, currently, about 2.3 million households receive Section 8 assistance, but only about 1 in 4 eligible families can access the program due to these constraints. The administration is considering replacing vouchers with more limited state-run grants. Unlike the current program, which adjusts funding based on actual housing costs and needs, state block grants would likely be capped and less responsive to rising rents. Proposed changes may include time limits on assistance and restrictions on eligibility for certain groups, such as mixed-status immigrant families. Advocates said this move would likely result in fewer federal dollars reaching families in need and put even more pressure on already overstretched local and state agencies. Additionally, the government is expected to allow the Emergency Housing Voucher program, which gave rental assistance to 60,000 families and individuals fleeing homelessness or domestic violence, to run out of money. It would be among the largest one-time losses of rental assistance in U.S. history, leading to a potential historic increase in homelessness, according to the Associated Press. Russell Vought, the director of the federal Office of Management and Budget, who will play a role in what funding cuts are pushed forward, previously endorsed an end to the federal voucher program. He said the Section 8 program 'brings with it crime, decreased property values, and results in dependency and subsidized irresponsibility.' Residents like Fye are already grappling with shuttered community initiatives, stalled repairs, and the looming risk of displacement. Community programs that once offered after-school care, health services, or tenant advocacy are being shut down, leaving residents isolated and without support. 'The evil, nasty part about this, especially with the idea of these programs being 'fraudulent and wasteful' is they're only talking about programs that help many of the most hard-working yet vulnerable and needy people,' said Andreanecia Morris, executive director of HousingNOLA, a public-private partnership focused on increasing access to affordable housing in New Orleans. Black renters are more likely to live in subsidized units with unsafe or unhealthy conditions such as faulty plumbing, unreliable heat, or broken elevators than their white counterparts, yet often pay more for these substandard homes, studies show. Without support, residents worry about their homes' long-term safety and livability. The proposed cuts extend beyond direct housing assistance. Enforcement of the Fair Housing Act and other civil rights protections is also being gutted. The U.S. Department of Housing and Urban Development's office responsible for investigating discrimination expected to lose more than 75% of its staff, jeopardizing the process of investigating most housing discrimination complaints and leaving many tenants with nowhere to turn for help. HUD's workforce is being slashed by half, and a key office that helps communities recover from natural disasters is slated to be dismantled. This chronic underfunding of subsidized housing created a self-fulfilling prophecy. 'Because they put absolutely no money into its upkeep, it's easy to point at public housing and say, 'See, look, this is a broken program' when, in fact, we've never adequately funded the program at the level needed,' Johnson said. For Fye, while the fight continues, it is a disheartening reality: 'My father picked cotton as a child and fought for this country, and even today, we're not seen as worthy.' The post Black Renters Could Be Displaced by Historic Affordable Housing Cuts appeared first on Capital B News.
