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Since 2017, CryptoSlate has strived to be an objective authority in the rapidly evolving and nascent digital assets space. With a focus on Bitcoin, DeFi, NFTs, and web3, CryptoSlate aims to be a go-to destination for both novice and experienced crypto investors.
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Quantum Computers Crack 15-bit ECC Keys; Bitcoin’s 256-bit Security Remains Unthreatened—But Migration Countdown Accelerates
According to CryptoSlate, Project Eleven awarded the Q-Day Prize to researcher Giancarlo Lelli on April 24 for successfully deriving a 15-bit elliptic curve private key from its public key using publicly accessible quantum hardware—the largest publicly demonstrated instance of its kind to date, representing a 512-fold improvement over the prior 6-bit demonstration in September 2025. Lelli employed a variant of Shor’s algorithm tailored to the Elliptic Curve Discrete Logarithm Problem (ECDLP), the mathematical foundation of Bitcoin’s signature scheme; the award-winning hardware comprised approximately 70 qubits. Currently, no known quantum computer can break real Bitcoin wallets, and Bitcoin’s 256-bit elliptic curve security remains far beyond the capabilities of existing quantum systems. Notably, Google revised downward its resource estimates for ECDLP-256 on March 31 and set a post-2029 target for migration to quantum-resistant cryptography; Cloudflare promptly followed suit, and the UK’s National Cyber Security Centre (NCSC) established migration milestones between 2028 and 2035. On-chain data indicates that roughly 6.93 million BTC are currently exposed to potential quantum risk due to publicly revealed public keys. The Bitcoin community has proposed BIP 360 and BIP 361 to facilitate migration toward quantum-resistant output types; however, coordination across the decentralized network remains the greatest challenge.
The White House is studying the basis for a ban on stablecoin yield, and the Senate battle over the CLARITY Act has entered a critical phase.
According to CryptoSlate, the White House Council of Economic Advisers recently released a research report stating that banning stablecoin yields offers only minimal protection for bank lending, yet would significantly reduce consumers’ ability to earn returns through digital cash. This conclusion directly undermines the banking industry’s core argument in favor of yield restrictions and provides new policy support for the CLARITY Act. Currently, Treasury Secretary Bessent and SEC Chair Atkins have both publicly endorsed the bill, indicating growing alignment between the executive branch and regulatory agencies. However, the Senate Banking Committee has yet to announce a timeline for reviewing the legislation, and political maneuvering remains the largest uncertainty. Analysts note that if the committee completes its review before the summer recess, the bill’s chances of passage will rise substantially; otherwise, it faces the dual risks of electoral pressures and legislative delays.