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first_img Alliance co-founder Imran Khan comments on a16z's transformation: Crypto experience can be transferred to cutting-edge technology

Imran Khan, co-founder of Alliance, expressed his views on a16z crypto's shift towards cutting-edge technology. He stated that he is always grateful to a16z for leading the investment in Coinbase in 2013, which provided external validation for the crypto industry; Marc Andreessen's 2014 article "Why Bitcoin Matters" in The New York Times pushed him to shift his career towards Bitcoin.Imran Khan mentioned that at that time, very few institutions or funds were willing to publicly support crypto, and a16z and USV were two funds that took on brand risk. Since then, a large number of talents have entered and reshaped the crypto industry. He believes that the current infrastructure development in artificial intelligence has a practical connection with Bitcoin mining infrastructure and the talent flowing from crypto to artificial intelligence.He stated that the shift from crypto to cutting-edge technologies such as robotics, biology, artificial intelligence, energy, and computing power means that the talents and capabilities built in crypto over the past decade can be applied to a broader range of fields. He cited the resistance faced by data centers as an example, noting that crypto also faced opposition, but traditional finance has now accepted crypto to a certain extent. He believes that cutting-edge technology is the next generation of technology builders, and the world often recognizes the importance of new technologies many years later.

first_img Nine cryptocurrency companies established the Quantum Alliance, aiming to defend against quantum risks to 6.4 million bitcoins

According to CoinDesk, nine cryptocurrency companies announced the establishment of a Quantum Alliance on Thursday, planning to develop universal security standards for Bitcoin, Ethereum, and other blockchain networks to address the threats posed by future quantum computers.The alliance estimates that about 6.4 million Bitcoins, or 30.2% of the supply, have their public keys exposed, and future quantum computers could reverse-engineer wallet public keys to recover private keys and steal assets. The alliance explained that since no quantum computer currently has sufficient computing power, these Bitcoins cannot be stolen in this manner for the time being. Members include Hacken, Midnight Foundation under Charles Hoskinson, the quantum-resistant layer one blockchain Quantus, and Postquant Labs.There are significant differences in the industry regarding when the quantum threat will arrive. Bryn Bennett, Chief Revenue Officer of The Vault, stated that no one knows the exact date, but estimates are continuously being revised downward, and this risk can be planned for in advance. The question for custodians is not whether the threat will appear in 2028 or 2035, but whether they can complete the migration if it arrives earlier.Richard Carback, Chief Technology Officer of Postquant Labs, believes that it is realistic for machines capable of breaking existing cryptography to emerge by 2028. Recent research has lowered the estimates of the computing power required to attack Bitcoin and Ethereum, but currently, no existing machines can break their cryptography, and related predictions remain controversial.The question of whether to freeze vulnerable Bitcoins has also sparked debate. Bennett pointed out that no one is responsible for this issue; custodians only protect client assets, not abandoned assets. Freezing tokens is a governance decision of the Bitcoin network, and any freeze would set a precedent of exchanging quantum risk for property rights and neutrality. Carback prefers to transfer vulnerable tokens and suggested placing them in a trust, allowing holders who can prove ownership to reclaim their funds.Binance founder Changpeng Zhao once suggested that if quantum technology advances and Satoshi Nakamoto's approximately 1.1 million Bitcoins remain untouched, they should be frozen; Bitcoin developer Jameson Lopp also proposed limiting vulnerable tokens to prevent theft, but critics argue that freezing someone else's Bitcoins contradicts the promise that no one can confiscate Bitcoins. Achieving quantum resistance requires replacing the digital signatures that authorize transactions, which necessitates consensus among developers, miners, wallet service providers, exchanges, and users. The new signatures may also occupy more block space, increasing transaction fees or reducing the number of transactions Bitcoin can process.

first_img The United Kingdom and the United States established a joint alliance to combat cryptocurrency fraud

The United States and the United Kingdom announced the establishment of the first joint law enforcement alliance aimed at combating fraud centers involving cryptocurrency and online investment scams. The U.S. Department of Justice stated that the U.S. Attorney's Office for the District of Columbia, the UK Crown Prosecution Service, and the UK's National Crime Agency have signed a memorandum of understanding to conduct parallel investigations on common objectives, share intelligence on organized crime groups, and negotiate jurisdictional prosecution rights for specific cases.This alliance expands upon the "Fraud Center Task Force" initiated by U.S. Attorney Jeanine Ferris Pirro in November 2025, focusing on Chinese organized crime networks primarily located in Southeast Asia that are involved in cryptocurrency investment scams, which are often linked to human trafficking and money laundering. The task force includes the FBI, U.S. Secret Service, IRS Criminal Investigation Division, Homeland Security Investigations, and the Department of Justice, and collaborates with the U.S. Department of the Treasury, the State Department, and private enterprises to dismantle fraud operations and recover victims' funds.The U.S. Department of Justice pointed out that losses reported due to cryptocurrency investment scams in the U.S. continue to rise, with losses reported to the FBI Internet Crime Complaint Center increasing from $4.57 billion in 2023 to $8.65 billion in 2025. Previously, international law enforcement agencies had conducted joint operations, with a raid led by Dubai police on April 29, involving the FBI and the Chinese Ministry of Public Security, resulting in the arrest of 276 individuals and the closure of at least 9 cryptocurrency scam centers. Several Southeast Asian countries are also strengthening domestic legislation, with Myanmar's military government releasing a draft on May 15 proposing a 10-year to life imprisonment for digital currency fraud, and the death penalty if a victim dies due to being coerced to work at a scam center; this bill was passed by parliament on July 28.
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