Post by Augustine Chiagozie (@pabloexchange)

🟠 BlackRock, Coinbase and Strategy launch $15M Bitcoin quantum defense consortium

Nine major institutional firms — BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets and Galaxy — have formed the Bitcoin Security Consortium, pledging $15 million over three years to fund open-source developers and quantum-resistant security research for the Bitcoin network.

The consortium was announced on July 23. Members will direct funding independently, and the group will take no role in Bitcoin governance or protocol decisions. The initiative targets long-term network resilience, including preparations against potential future quantum-computing threats — a risk some estimates place against hundreds of billions in Bitcoin holdings.

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