Bitcoin News in Nigeria

The post ChatGPT-5 sets timeline when quantum computers will break Bitcoin’s encryption appeared on BitcoinEthereumNews.com. The ongoing advancement in quantum computing is raising urgent questions about the long-term security of Bitcoin (BTC). Unlike classical machines, quantum computers can solve certain problems exponentially faster, posing a direct threat to Bitcoin.  Notably, using Shor’s algorithm, a sufficiently powerful quantum computer could break elliptic curve cryptography (ECC) and recover private keys from public keys in hours, putting exposed funds at risk. It’s worth noting, as reported by Finbold, that analysts have offered varying timelines for when this technology might crack Bitcoin, with many settling on the next decade as the critical period. Probability of quantum computers cracking Bitcoin  Meanwhile, Finbold gathered insights from OpenAI’s latest artificial intelligence (AI) model, ChatGPT-5, which issued its own estimates on when this scenario could become reality, projecting a gradual increase in risk over the coming decades. The model highlighted the mid-to-late 2030s as the most likely window for “cryptographically relevant” quantum computers, machines capable of breaking Bitcoin’s ECDSA (secp256k1). To this end, ChatGPT-5 provided cumulative probability estimates, assigning less than a 5% chance for the 2025 to 2029 period, citing current device limitations and immature error correction.  It placed the probability between 15% and 25% for 2030 to 2034 if breakthroughs in error correction, qubit yield, and coding align. The greatest likelihood was assigned to the 2035 and 2039 window at 45% to 60%, with hardware scaling and algorithmic improvements expected to enable the first practical key-recovery demonstrations.  If development continues at the current pace, the 2040s carry an 80% to 95% likelihood, and by 2050, the probability rises to nearly 99%, barring a global technical catastrophe. Bitcoin code cracking timeline. Source: ChatGPT Bitcoin code cracking timeline acceleration The model cautioned that certain milestones could immediately accelerate the timeline, such as large-scale fault-tolerant qubits, machines with millions of low-error qubits, full demonstrations…

Bitcoin steadies near $115,800 as ETFs post $2.3B inflows and whales add 237K BTC. Technical breakout targets $119.5K–$124.5K, with $130K in sight.

The post Analyst Warns Market Is Near a Crucial Turning Point appeared on BitcoinEthereumNews.com. Bitcoin 14 September 2025 | 11:00 Bitcoin’s steady climb is once again approaching a price range that traders are watching closely. Market analyst Joao Wedson has identified $117,000 as a zone that could prove pivotal for the cryptocurrency’s next direction. According to Wedson, this level has historically been a point where momentum often slows, forming local peaks or sparking pullbacks. He explained that the region tends to generate both heavy demand and strong resistance, making it a battleground between buyers and sellers. “Any price above $117,000 enters a zone of strong interest and indecision,” he said, adding that a decisive break above $118,000 would signal clear strength in the market.   Indicators Align Around the Same Range Wedson pointed to technical tools that are currently reinforcing this level’s importance. Both the CVDD Channel and the Fibonacci-Corrected Market Average Price – two metrics with a track record of highlighting Bitcoin’s turning points – are flashing signals in the same region. The convergence of these indicators suggests that traders should not ignore the zone as Bitcoin edges closer. What It Could Mean for the Market If Bitcoin manages to overcome resistance and secure a foothold above $118,000, Wedson believes it could pave the way for another strong rally. On the other hand, hesitation at this level could stall momentum and lead to renewed volatility. With BTC already hovering near record territory, the outcome could determine whether the market enters a consolidation phase or gears up for its next explosive move. The coming days are expected to be critical, as Bitcoin tests levels that have repeatedly shaped its performance in past cycles. Investors and analysts alike will be watching closely to see if the cryptocurrency has the strength to push higher — or if sellers regain the upper hand at this long-tested barrier.…

TLDR El Salvador now holds 6,318.18 BTC, valued at $732 million. The country has been buying one BTC daily since November 2022. Bitcoin adoption aims to reduce remittance costs and enhance financial inclusion. El Salvador’s Bitcoin City and Chivo Wallet are key parts of its digital finance plan. El Salvador’s Bitcoin strategy continues to make [...] The post El Salvador Bitcoin Strategy Strengthens with New 8 BTC Acquisition appeared first on CoinCentral.

The post Experienced Expert Reveals: “The Market is Underestimating It, But a Major Bitcoin Announcement from the US Could Be Coming” appeared on BitcoinEthereumNews.com. Alex Thorn, global research director at Galaxy Digital, revealed that he believes the US government will officially establish a Strategic Bitcoin (BTC) Reserve this year. “I still believe there’s a strong possibility the US government will announce the creation of a strategic Bitcoin reserve this year. The market is completely underestimating the likelihood of such an announcement,” Thorn said. The US recently made a statement about establishing a reserve but announced that it would not actively purchase BTC. Although some industry executives are more cautious about the possibility, there are signs that the plan is moving forward. US President Donald Trump signed an executive order in March formalizing the establishment of the Strategic Bitcoin Reserve and the US Digital Asset Reserve. However, the strategic plan for implementing the reserve has not yet been finalized. Recent developments suggest the process is ongoing. On Tuesday, US lawmakers introduced a bill to the Treasury Department that would require the preparation of a report on the feasibility and technical requirements of a strategic Bitcoin reserve. Thorn said that the markets have ignored this possibility, stating that a possible announcement could be a major turning point for Bitcoin. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/experienced-expert-reveals-the-market-is-underestimating-it-but-a-major-bitcoin-announcement-from-the-us-could-be-coming/

Galaxy Digital’in küresel araştırma direktörü Alex Thorn, ABD hükümetinin bu yıl resmi olarak bir Stratejik Bitcoin (BTC) Rezervi kuracağını düşündüğünü açıkladı. Thorn, yaptığı değerlendirmede, “Hâlâ ABD hükümetinin bu yıl içinde stratejik Bitcoin rezervi oluşturduğunu duyurma ihtimalinin güçlü olduğunu düşünüyorum. Piyasa, böyle bir açıklamanın olasılığını tamamen hafife alıyor” ifadelerini kullandı. ABD kısa bir süre önce bir rezerv […] Kaynak: Bitcoinsistemi.com

Written by Ethan, Odaily Planet Daily On the morning of September 12th, Beijing time, the US federal funds rate market sent a highly unequivocal signal: the probability of a 25 basis point rate cut by the Federal Reserve at this month's meeting had reached 93.9%. After five consecutive periods of holding steady, the market finally saw a directional shift in monetary policy. Meanwhile, another bet on the Fed's direction over the next two years was quietly gaining momentum: who would succeed Powell as the next Fed Chair? On the decentralized prediction platform Polymarket, as of the same day, current Federal Reserve Governor Christopher Waller topped the list with 30% odds, ahead of two other "Kevin" contenders: Hassett (16%) and Warsh (15%). However, the market also retained a more dramatic possibility: "Trump not announcing a successor before the end of the year" still held the highest probability, at 41%. This series of data suggests that the market is simultaneously betting on two paths: one is the consensus path of interest rate cuts, and the other is the still-uncertain battle for monetary helmsmanship. Between these two, Waller's name repeatedly appears in various trading perspectives and policy discussions. Why did the market begin to "believe in Waller"? The story of an “atypical Federal Reserve board member”: How did a small-town professor come to the forefront? Waller's background and resume make him an odd fit within the Federal Reserve system. He didn't graduate from an Ivy League school, nor did he hold senior positions at Goldman Sachs or Morgan Stanley. Born in a small town in Nebraska with a population of less than 8,000, he began his career at Bemidji State University, where he earned a bachelor's degree in economics. In 1985, he received a doctorate in economics from Washington State University, embarking on a long academic career that spanned 24 years, including teaching and research at Indiana University, the University of Kentucky, and the University of Notre Dame. He then spent 24 years in academia researching monetary theory, focusing primarily on central bank independence, tenure systems, and market coordination mechanisms. He left university in 2009 to join the Federal Reserve Bank of St. Louis as Director of Research. In 2019, he was nominated by Trump to the Federal Reserve Board of Governors. The nomination process was fraught with controversy, and the confirmation process was not smooth, but on December 3, 2020, the Senate confirmed his appointment by a narrow margin of 48 to 47. At 61, Waller entered the highest decision-making body of the Federal Reserve, older than most governors. This proved to be an advantage: he had no baggage or beholden to Wall Street. Having spent time at the St. Louis Fed, he understood that the Fed was not a monolithic entity, and that dissenting voices were not only tolerated but sometimes even encouraged. This approach allows him to maintain both professional judgment and freedom of expression, without being pigeonholed as a spokesperson for a particular faction. From Trump's perspective, such a figure might be easier to "use readily," while in the eyes of the market, such a candidate represents "less uncertainty." But in a power dynamic entwined with bureaucracy and political will, Waller isn't the type of person who's naturally sought after by the market . His career path has been relatively academic and technical, and he's not known for his public speaking skills, nor does he frequently appear on financial television. Yet, it is this man who has gradually become the "consensus candidate" frequently mentioned in various market tools and political commentaries. The reason is that he possesses three compatibility characteristics : First, the monetary policy style is flexible but not speculative. Waller is neither a typical inflation hawk nor a monetary easing advocate. He advocates that policy should be shaped by economic conditions: in 2019, he supported rate cuts to preempt a recession; in 2022, he favored rapid rate hikes to curb inflation; and in 2025, amidst a slowing economy and falling inflation, he became one of the first Fed governors to vote for a rate cut. This non-ideological approach to policymaking is surprisingly rare in the current highly politicized Fed landscape. Second, the political relationship is clear and the technical image is extremely clean. Waller, nominated by Trump to the Federal Reserve Board in 2020, is one of the few monetary policy officials within the Republican system who achieves both technical neutrality and political compatibility. Neither considered a Trump confidant nor ostracized by the party establishment, his unique centrist position affords him greater political wiggle room amidst the fierce partisan competition. Unlike Hassett, who has a strong political affiliation and a clear-cut stance, and unlike Warsh, who has close ties to Wall Street, Waller exhibits a more purely technocratic character. He is more easily seen as a "trustworthy professional." In the context of highly polarized American politics, this non-ideological, professional-based image makes him a stable and easily accepted candidate. Third, there is a degree of tolerance within the system regarding encryption technology. Waller isn't a true "crypto believer," but he's been one of the most vocal voices within the Federal Reserve system on topics like stablecoins, AI-powered payments, and tokenization . He doesn't advocate for government-led innovation, nor does he oppose CBDCs. However, he supports private stablecoins as a tool for improving payment efficiency, arguing that "the government should build the underlying infrastructure like a highway, leaving the rest to the market." Compared with the other two candidates, he may be the only senior Fed official who clearly sends a signal of "public-private collaboration" between traditional finance and digital assets. Sense of smell and rhythm: He knows when to speak and when to shut up In July this year, the Federal Reserve held its summer FOMC meeting. Although the market generally expected to continue to "maintain interest rates unchanged", a rare scene finally occurred at the meeting: two directors, Waller and Michelle Bowman, voted against it , advocating an immediate interest rate cut of 25 basis points. This type of "minority veto" is not common within the Fed. The last time it occurred was in 1993. Two weeks before the vote, Waller had already signaled his stance at a central bank seminar at New York University. His public remarks explicitly argued that "current economic data supports a moderate rate cut." On the surface, this was a technical advance communication; however, the rhythm revealed a political signal. At the time, Trump had a love-hate relationship with Powell, having previously repeatedly attacked him on Truth Social, demanding an "immediate rate cut." Waller's vote and speech neither fully aligned with the president's, nor did they offer Powell cover. He struck a balance between "policy adjustments" and "technical independence." In a highly politicized Federal Reserve environment, directors who are able to strike a balance and choose the right time to express their views appear to have more leadership qualities . Trump criticizes Powell for 'poor and incompetent' performance in overseeing Fed building construction If it comes to power, how will the crypto market react? The crypto market's debate over who will helm the Federal Reserve has never been merely a peripheral gossip; it reflects a triple threat of policy expectations, market sentiment, and regulatory path. If Waller truly takes the chairmanship, we need to seriously consider how these three roles will re-price the future. First, it is a large-scale opening of a “regulatory dialogue window” for stablecoin issuers and compliance tracks. Waller has repeatedly spoken out against central bank digital currencies (CBDCs), stating they "cannot address the market failures of the existing payment system." He instead emphasized the advantages of private stablecoins (such as USDC, DAI, and PayPal USD) in improving payment efficiency and cross-border settlement. He emphasized that regulation should come from "Congressional legislation rather than institutional expansion," and called for "these new technologies to be free of stigmatization." This means that if he becomes chairman, projects like Circle, MakerDAO, and Ethena could potentially enter a period of "regulatory path determination," freeing them from the constant gray area between the SEC and CFTC. More importantly, Waller's philosophy of "market-driven, government-supported" could prompt supporting agencies like the Ministry of Finance and the FDIC to collaborate on developing a stablecoin regulatory framework, promoting the implementation of policies requiring "licensing, reserve regulation, and standardized information disclosure." Secondly, for main chain assets such as BTC and ETH, it is a medium-term protection umbrella of "positive sentiment + relaxed regulation" While Waller hasn’t publicly praised Bitcoin or Ethereum, he did say in 2024 that “the Fed shouldn’t choose sides for the market.” While concise, this statement implies that the Fed won’t actively “suppress non-dollar systems” as long as they don’t touch the bottom line of payment sovereignty and systemic risk. This will provide a window for a "relatively mild regulatory cycle" for BTC and ETH. Even if the SEC may still question their securities attributes, if the Federal Reserve does not force CBDC, does not block encrypted payments, and does not intervene in on-chain activities, then market speculation and risk appetite will naturally improve. Simply put, in the "Waller era", Bitcoin may not have "official support", but there will be the natural benefit of "loosening of regulatory winds". Third, for developers and DeFi native innovators, it is a rare window for “central bank dialogue” Waller mentioned "AI payment", "smart contracts" and "distributed ledger technology" on many occasions this year, and said: "We don't necessarily adopt these technologies, but we must understand them." This statement is completely different from the attitude of many regulators who avoid or belittle encryption technology. This opens up an extremely important space for developers: not necessarily to be accepted, but at least no longer to be excluded. From Libra to USDC, from EigenLayer to Visa Crypto, generations of developers have struggled with awkward "parallel universe" communications with central bank regulators. If Waller takes office, the Fed could become the first central bank leader willing to engage with DeFi natives. In other words, crypto developers may be about to reach the starting point of "policy negotiation rights" and "financial discourse power." Conclusion: Predicting future transaction pricing and determining pricing direction by the chairman Whether Waller will be the new chairman remains uncertain. However, the market has already begun to speculate on how he will price the future if he becomes chairman. The market's 31% bet on him continues to climb, far exceeding its competitors. At this juncture, it's clear that expectations for interest rate cuts are being realized; the crypto industry is searching for policy breakthroughs; and US dollar assets are caught in a global triangle of increasing US Treasury issuance, high interest rates, and a recovery in risk appetite. As a politically acceptable, policy-predictable, and market-ready "successor," Waller is a natural bet. But perhaps there is another topic worth paying attention to: If he ultimately does not become the chairman of the Federal Reserve, how will the market readjust these expectations? And if he does take office, the qualifying race for the "next generation dollar system" may have just begun.

The post ‘Crypto Is Dumber Than Crap’: Dave Ramsey appeared on BitcoinEthereumNews.com. “Crypto is commodity and currency” “Dumber than crap” David Lawrence Ramsey III, an American radio personality (The Ramsey Show), financial commentator and the founder of Ramsey Solutions, has slammed cryptocurrency, saying that it may be more legitimate in the future but not now. He also admitted that crypto is a currency, but a digital one, speaking not of Bitcoin or Ethereum but crypto in general. However, his take on crypto is rather mixed as he puts gambling, commodities, crypto and fiat currencies in the same pot when talking about it. Dave Ramsey: Bitcoin is dumber than crap He’s washed, has clearly only done extremely limited research on $BTC and is hurting his audience with this advice Hate to see it pic.twitter.com/dmLdn7dvX6 — Discover Crypto (@DiscoverCrypto_) September 12, 2025 “Crypto is commodity and currency” In a video excerpt published by the @DiscoverCrypto_ X account, David Ramsey is speaking during a recent Ramsey Show and is answering questions from the co-host about his take on crypto. His take on cryptocurrency in general seems rather mixed, since while he believes it to be a digital currency, he still refers to it as a gambling tool and a fetish. While answering questions by his co-host, Ramsey said that he does not believe crypto to be a proven investment, since he considers it a commodity, like gold or oil. He pointed out that he does not buy oil rigs either. Ramsey said, “It’s not gonna be a proven investment, because it’s a commodity. Commodities are never a proven investment.” You Might Also Like “Dumber than crap” He said he does not do much gambling when asked about buying crypto. He then stated that crypto is a currency and he prefers not to invest in that, like he does not invest in the Japanese yen or…

The post Bitcoin Holds $114K On ETF Strength As XRP & MAGACOIN FINANCE Emerge appeared on BitcoinEthereumNews.com. Bitcoin is trading in the $114,000-$114,500 range, showing strong support around these levels as institutional funds continue to flow in. BlackRock and Fidelity have reported rising ETF inflows over recent days, reinforcing BTC’s position as a core asset in digital portfolios.  As Bitcoin steadies, investors are not limiting their attention to BTC alone. Ripple’s XRP is gathering momentum, and early-stage opportunities like MAGACOIN FINANCE are now being named as some of the best crypto plays to watch. Traders appear to be balancing stability (BTC) with upside potential in selected altcoins and presales. ETF Demand Strengthens the Base ETF inflows are among the major tailwinds for Bitcoin now. Despite past volatility and intermittent periods of weak demand, recent reports show that BlackRock’s and Fidelity’s ETF products continue to attract steady capital. This institutional interest is helping reduce downward volatility and increasing investor confidence. Steady ETF flows tend to support long-term accumulation, and many analysts believe the sustained interest could push Bitcoin toward resistance levels near $120,000–$125,000 if key technical thresholds are breached. Meanwhile, support at $110,000 to $112,000 remains critical; if that zone fails, downward correction risk increases. XRP Emerges as a Strong Contender XRP has caught sentiment among traders looking for altcoin value. Currently trading near $3.05, XRP broke above short-term resistance in several markets and is being viewed as a rebound play. If XRP reclaims $3.10 and holds it, targets toward $3.50 become increasingly plausible in the medium term. Investors are also keeping an eye on XRP’s fundamentals – its cross-border payment usage, legal/regulatory developments, and partner integrations – all of which could serve as catalysts for price upside. MAGACOIN FINANCE Joins Analyst Top Picks Whale trackers flag growing MAGACOIN FINANCE buys, showing fresh investor bullishness. This latest presale – already drawing both institutional and retail interest – has…

The post Why Onchain Crypto Collateral Can Get You Better Loan-To-Value Ratios appeared on BitcoinEthereumNews.com. Fabian Dori, the chief investment officer at digital asset bank Sygnum, says that banks offering crypto-backed loans prefer crypto collateral in the form of onchain assets rather than exchange-traded funds (ETFs), and using onchain collateral can benefit borrowers. Dori said that onchain assets are more liquid, allowing lenders to execute margin calls for crypto-backed loans on demand and offer higher loan-to-value (LTV) ratios to borrowers because the lender can liquidate the collateral in real-time. Dori told Cointelegraph: “It’s actually preferable to have the direct tokens as collateral, because then you can do it 24/7. If you need to execute a margin call on an ETF on Friday at midnight, when the market is closed, then it’s more difficult. So, direct token holding is actually preferable from that point of view.” Loan-to-value ratios in crypto refer to the total amount of a loan versus the collateral backing the loan, like Bitcoin (BTC), Ethereum (ETH), or any other tokens accepted by the lender.  Lending in crypto by centralized institutions sharply declined during the 2022 bear market, which saw the blow-up of several crypto lending firms, but is on the rise again. Source: Galaxy A higher LTV ratio means the borrower is able to access more credit in relation to their posted crypto collateral, while a lower LTV means they will get a smaller loan for the same amount of collateral. Crypto-backed loans are still in their infancy, Dori said, but he was confident that the sector would continue to grow as crypto gains widespread adoption.  Financial institutions are steadily embracing loans secured by crypto as crypto lenders go public on US stock exchanges, and traditional financial (TradFi) firms warm up to the idea of accepting crypto as loan collateral.  Related: South Korea caps crypto lending rates at 20%, bans leveraged loans Crypto…