Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

In the digital age, where technology leaps borders and connects the whole globe, the idea of Central Bank Digital Currencies (CBDCs) is catching on like wildfire It's a hot topic, not just in the tech circles but also among policymakers and financial aficionados The concept is groundbreaking, promising to revolutionize the way we transact by introducing a digital form of a country's currency, centrally regulated by its central bank But here’s the kicker – while we're all caught up in the potential benefits, there’s a giant elephant in the room we're seemingly overlooking: the vulnerability of CBDCs to quantum computing attacks So, let's dive into understanding this predicament and why it's crucial for the United States to spearhead the development of a quantum-resistant CBDC...

The United States Senate Armed Services Committee (SASC) recently made a significant move by passing the fiscal year 2025 National Defense Authorization Act (NDAA), signaling a major step forward for the Department of Defense in the areas of artificial intelligence (AI) and quantum computing This groundbreaking legislation, spearheaded by Senators Jack Reed (D-RI) and Roger Wicker (R-MS), Chairman and Ranking Member of the SASC, received an overwhelming 22-3 vote in favor of the bill on June 13 The NDAA is now set to proceed to the Senate floor for further deliberation At the core of the bill lie cutting-edge technologies, with key highlights including the launch of a pilot program aimed at optimizing AI-enabled software for the operations of DoD depots, manufacturing facilities, and shipyards Additionally, the bill mandates the Defense Advanced Research Projects Agency (DARPA) to establish a Quantum Scaling Initiative to bolster the development of quantum computing capabilities...