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Bitcoin Quantum Readiness Initiative by Galaxy Digital

7 sourcesUpdated Jul 21, 2026

Photo: OLCF / Wikimedia Commons (CC BY 2.0)

Galaxy Digital launched the Bitcoin Quantum Readiness Initiative, pledging up to $5 million in developer grants, plus a Galaxy Research program and a Quantum Advisory Council. The inaugural Quantum Advisory Council includes Barry Sanders, Damien Bérubé, and Eran Tromer. The program aims to harden Bitcoin against quantum threats, specifically the risk of Q-Day when quantum computers could derive private keys from public keys and siphon funds. Defenses discussed include migrating to quantum-resistant addresses and adopting new signature schemes, though widespread implementation faces governance hurdles. Galaxy founder Mike Novogratz said the initiative provides practical steps to research, fund, and support Bitcoin’s security, noting regulatory and standards milestones like NIST's 2024 post-quantum standards and a 2031 federal deployment deadline. The push comes amid rising industry urgency, with Coinbase and others highlighting the need to begin migration as quantum risks accelerate.

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Broke bitget.com · Jul 21, 4:09 AM7 sources +9h on

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Photo: Majilis of the Parliament of the Republic of Kazakhstan / Wikimedia Commons (CC BY 4.0)

Network School relocates to Kazakhstan after license revocation

{"summary":"Balaji Srinivasan’s Network School is relocating from Malaysia to Kazakhstan after its Forest City Johor license was revoked amid licensing and immigration probes, with a memorandum of understanding to establish a Kazakhstan campus that would expedite visas and recruit global tech talent. The move highlights regulatory pressure in Malaysia and Kazakhstan’s bid to become a regional AI and tech hub, drawing attention to the network states concept as the community seeks a new base."}

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Photo: CryptoWallet.com Images / Wikimedia Commons (CC BY 2.0)

Digital Chamber Sues Illinois Over Crypto Tax

{"summary": "The Digital Chamber filed lawsuits to block Illinois’ Digital Asset Tax Act, the first state-level tax on digital-asset business activity set to take effect in January 2027, arguing the 0.2% levy unfairly singles out blockchain transactions and violates constitutional provisions. This legal push underscores ongoing regulatory scrutiny of crypto taxation and could influence market perceptions and future state policy across the industry.", "summary_sources": ["https://en.bloomingbit.io/feed/news/116734", "https://cryptobriefing.com/digital-chamber-sues-to-block-illinois-digital-asset-tax-before-2027-launch/", "https://www.coindesk.com/policy/2026/07/21/crypto-lobby-group-tdc-sues-illinois-to-block-digital-asset-tax", "https://cryptopanic.com/news/33076022/Crypto-lobby-group-Digital-Chamber-sues-Illinois-to-block-digital-asset-tax", "https://www.theblock.co/post/409160/the-digital-chamber-sues-illinois-over-incoming-crypto-transaction-tax"]}

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9 sources

Movement Labs files for Chapter 11 bankruptcy protection

Movement Labs filed for Chapter 11 bankruptcy after a year of turmoil, including a 2025 MOVE token market-making scandal that allegedly dumped tens of millions of MOVE and sharp governance disputes. The firm has overhauled its strategy toward payments and remittances while Move Industries says the broader Movement ecosystem remains unaffected as development continues.

9 sources