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The post KindlyMD Secures A Landmark $210 Million USDT Loan From Kraken Operator appeared on BitcoinEthereumNews.com. Massive Move: KindlyMD Secures A Landmark $210 Million USDT Loan From Kraken Operator Skip to content Home Crypto News Massive Move: KindlyMD Secures a Landmark $210 Million USDT Loan from Kraken Operator Source: https://bitcoinworld.co.in/kindly-md-usdt-loan-kraken/

The post “I Wasted 8 Years in Crypto”: A Builder’s Exit Note Goes Viral Across Asia appeared on BitcoinEthereumNews.com. “I am NOT building a new financial system. I built a casino.”This stark admission from Ken Chan, former co-founder of derivatives protocol Aevo, has been reverberating across Asian crypto communities this week. What began as a post on X has now crossed linguistic borders, been introduced to Chinese communities by local news media, and been widely shared among Korean traders, accumulating millions of views along the way. Sponsored Sponsored From Ayn Rand to Disillusionment: A Libertarian’s Journey Through Crypto Chan’s confession is not merely a critique—it is the unraveling of a personal ideology. He describes himself as a “starry-eyed libertarian” who donated to Gary Johnson’s 2016 presidential campaign after being radicalized by Ayn Rand’s novels. The cypherpunk ethos of Bitcoin spoke directly to this worldview. “Being able to walk across the border with a billion dollars in your head is and always will be a powerful idea to me,” he writes. Yet eight years of industry experience eroded that idealism. Chan recounts how the Layer 1 wars—the flood of capital into Aptos, Sui, Sei, ICP, and countless others—produced no meaningful progress toward a new financial system. Instead, it “literally torched everyone’s money” in pursuit of becoming the next Solana. His verdict is unsparing: “We do not need to build the Casino on Mars.” According to his LinkedIn profile, Chan departed Aevo in May this year. His personal website indicates he is now working on KENSAT, a personal satellite project. It is scheduled to launch aboard a Falcon 9 in June 2026. His confession arrives six months after his departure. It comes as AEVO token trades at roughly $45 million in fully diluted market cap—down approximately 99% from its peak. Chan’s central metaphor—that crypto has become “the biggest, online, multi-player 24/7 casino our generation has ever concocted”—cuts through technical complexity with…

The post Bitcoin faces quantum risk: Solana co-founder issues warning appeared on BitcoinEthereumNews.com. Solana co-founder Anatoly Yakovenko has warned that Bitcoin developers must prepare for a potential quantum computing breakthrough that could render the network’s current security measures outdated. Summary At the All-In Summit, Solana co-founder Anatoly Yakovenko reignited debate over Bitcoin’s long-term security. There’s a “50/50” chance that quantum computers could break its cryptographic defenses within five years. Rapid advances in AI show how quickly theory can become reality. The question is not just if Bitcoin must migrate to quantum-safe cryptography—but when. According to Yakovenko, who was speaking at the All-In Summit 2025, there is a “50/50” probability that within five years, quantum computers will be strong enough to crack the cryptographic safeguards protecting Bitcoin wallets. The concern centers on quantum machines running algorithms like Shor’s, which could crack the Elliptic Curve Digital Signature Algorithm currently protecting Bitcoin (BTC) private keys. This would allow attackers to forge transactions and compromise wallets, creating an existential risk for the network. Yakovenko argued that “we should migrate Bitcoin to a quantum-resistant signature scheme” before such technology becomes viable. Skeptics like Blockstream’s Adam Back downplay immediacy of threat The Bitcoin community remains divided on the urgency of quantum threats. Adam Back, CEO of Blockstream, estimated that the technology is still relatively far away and argued that making Bitcoin quantum-ready is “relatively simple.” Bitcoin Core contributor Peter Todd dismissed current quantum computers as non-existent, stating that “demos running toy problems do not count.” Luke Dashjr, another Bitcoin Core contributor, suggested quantum threats pose less immediate danger than spam transactions and developer corruption issues the community currently faces. Bitcoin’s design complicates any quantum upgrade. A migration to post-quantum cryptography would require a hard fork, a highly contentious and technically complex process needing widespread network support. Yakovenko countered skepticism by pointing to quick AI advances as evidence of how…