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BlackRock Flags Quantum Computing As Risk For Bitcoin ETFs

May 14, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

BlackRock Flags Quantum Computing As Risk For Bitcoin ETFs

Authored by Alex O’Donnell via CoinTelgraph.com,

Emerging technologies, including quantum computing, could potentially render the cryptography securing Bitcoin and other blockchain networks ineffective, asset manager BlackRock said in a regulatory filing. 

On May 9, BlackRock updated the registration statement for its iShares Bitcoin ETF (IBIT). The revised version addressed potential risks to the integrity of the Bitcoin network posed by quantum computing, the filing shows.

“[I]f quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world’s information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,” BlackRock said.

It is the first time the asset manager has explicitly flagged this risk in its IBIT disclosures. The IBIT ETF is the largest spot Bitcoin ETF, with approximately $64 billion in net assets, according to its website.

Quantum computing is an emergent field that seeks to use the principles of quantum mechanics to greatly enhance computers’ processing capabilities. 

Source: James Seyffart/Bloomberg Intelligence

Record-breaking inflows

James Seyffart, an analyst for Bloomberg Intelligence, cautioned that risk disclosures such as IBIT’s are required to highlight every possible risk to an asset, even those that are extremely unlikely. 

“They are going to highlight any potential thing that can go wrong with any product they list or underlying asset that’s being invested in,” Seyffart said in a May 9 X post. “It’s completely standard. And honestly [it] makes complete sense.”

Since launching in January, Bitcoin ETFs have collectively attracted more than $41 billion in net inflows, according to data from Farside Investors. 

Bitcoin ETF inflows reached all-time highs on May 8. Source: Eric Balchunas/Bloomberg Intelligence

On May 8, Bitcoin ETF net inflows surpassed all-time highs of around $40 billion, according to Bloomberg Intelligence. 

“Lifetime net flows is #1 most imp metric to watch IMO, very hard to grow, pure truth, no bs,” Bloomberg Intelligence analyst Eric Balchunas said in a May 9 X post. 

“Impressive, they were able to make it to a new high water mark so soon after the world was supposed to end.”

In February, Tether CEO Paolo Ardoino predicted that quantum computing would eventually enable hackers to break into inactive Bitcoin wallets and recover the dormant coins. 

“Any Bitcoin in lost wallets, including Satoshi (if not alive), will be hacked and put back in circulation,” Ardoino said in a Feb. 8 X post.

Tyler Durden
Wed, 05/14/2025 – 07:20

Post’s expert makes his PGA Championship picks

May 14, 2025 Ogghy Filed Under: NY Post, THE NEWS

The Post’s Mark Cannizzaro makes his selections for the PGA Championship which begins on Thursday: Rory McIlroy McIlroy winning at Quail Hollow for a fifth time, first in a major, is too obvious to ignore, so I won’t. Aside from his uncanny prowess at the course, his mind is completely freed up now that he’s…

Passenger pleads guilty after attempting to open emergency exit, stab flight attendant in horrifying midair rampage

May 14, 2025 Ogghy Filed Under: NY Post, THE NEWS

A Massachusetts man has pleaded guilty to a terrifying midair attack in which he tried to force open the plane’s emergency exit door while threatening to kill everyone onboard — and even tried to stab a flight attendant with a broken metal spoon. Francisco Severo Torres, 34, was tackled by fellow passengers when he freaked out on…

Wall Street’s biggest bull held his nerve throughout this year’s selloff. What he’s saying now.

May 14, 2025 Ogghy Filed Under: BUSINESS, MarketWatch

Christopher Harvey has faith that the S&P 500 can make it to 7,007 this year, with a consumer holding up and Fed cuts to come.

Qatar’s rising influence: Trump jet offer spotlights foreign foothold in Washington

May 14, 2025 Ogghy Filed Under: Fox News, THE NEWS

New House bill would make Trump ban on transgender troops permanent

May 14, 2025 Ogghy Filed Under: Fox News, THE NEWS

Beacon Reporting Leads Feds to Strip Harvard of Another $450 Million in Funding. Plus, Aides Feared Biden Would Serve Second Term in a Wheelchair.

May 14, 2025 Ogghy Filed Under: INVESTIGATIONS, Washington Free Beacon

More pain for Harvard: Citing two recent Washington Free Beacon reports, the Trump administration on Tuesday announced it is cutting another $450 million in federal grants from Harvard University, this time citing both the school’s continued racial discrimination as well as its lackluster approach to combating anti-Semitism.

“Harvard University has repeatedly failed to confront the pervasive race discrimination and anti-Semitic harassment plaguing its campus,” the Task Force to Combat Anti-Semitism wrote in a statement. It added that “Jewish students were subjected to pervasive insults, physical assault, and intimidation, with no meaningful response from Harvard’s leadership.”

The $450 million in terminated grants follows the $2.2 billion slashed from Harvard last week.

The Free Beacon reports highlighted by the Justice Department’s task force “revealed a pattern of what the department called ‘endemic race discrimination’ at the Harvard Law Review,” writes our Matthew Xiao. One pulled back the curtain on the pervasive racial discrimination at work when it comes to selecting members of the law review and the authors it publishes, the other revealed that a $65,000 fellowship funded by the law review went to an anti-Israel radical accused of assaulting his Israeli classmate.

READ MORE: Trump Administration To Cut Additional $450 Million in Grants to Harvard, Citing Free Beacon Reports

Rollin’ Joe: A forthcoming book from Jake Tapper and Alex Thompson reveals that by 2023, Joe Biden’s physical condition had declined so severely that aides privately discussed whether he might need a wheelchair if he won a second term. “There were internal discussions about putting the president in a wheelchair, but they couldn’t do so until after the election,” Tapper and Thompson write in Original Sin: President Biden’s Decline, Its Cover-Up, and His Disastrous Choice to Run Again.

As our Andrew Stiles notes, “Biden met often with elite historians who compared him to Franklin D. Roosevelt, who also required a wheelchair to get around.”

The president’s physician, Kevin O’Connor, reportedly warned that “a wheelchair might be necessary” if Biden suffered another fall like the one at the Air Force Academy in June 2023, when he tripped over a sandbag. That possibility was seen as “politically untenable” while Biden remained a candidate, so aides scrambled to limit his movement and reduce the risk of another fall.

Another sign of the lengths the White House went to in order to conceal Biden’s condition: The “significant spinal arthritis” behind his now-characteristic rigid gait was a major concern for O’Connor. “But that’s not what White House aides were telling reporters in 2024. They insisted that Biden was struggling to walk because he refused to wear a walking boot after fracturing his foot in November 2020 while playing with Major, one of his feral dogs,” Stiles writes.

That’s the physical side of things, of course. When will we get to the mental decline?

READ MORE: Rollin’ Joe: Democrats Plotted Wheelchair Presidency for Biden’s Second Term

Unprecedented sanctions: The Trump administration on Monday sanctioned three senior Iranian scientists “for their work advancing the Islamic Republic’s atomic weapons program,” our Adam Kredo reports. All three work for SPND, the regime’s primary nuclear weaponization agency, and conducted research on “nuclear explosive devices” and “missiles capable of delivering such weapons,” according to the State Department.

The administration also targeted Iran’s Fuya Pars Prospective Technologists, an “SPND-affiliated company that has attempted to procure from foreign suppliers, as well as indigenously fabricate, equipment that could be applicable in nuclear weapons research and development.”

“Monday’s designations are the latest in a bevy of sanctions against Iran but the first from the Trump administration to target the scientists behind Iran’s march toward a nuclear bomb,” Kredo writes.

“Iran continues to substantially expand its nuclear program and carry out dual-use research and development activities applicable to nuclear weapons and nuclear weapons delivery systems,” the State Department said, noting that “Iran is the only country in the world without nuclear weapons that is producing uranium enriched to 60 percent.”

READ MORE: Trump Admin Targets Iranian Nuclear Scientists in New Round of Sanctions

Away from the Beacon:

  • Asked whether he was “being straight” with Americans in June 2024 when he described then-President Joe Biden as “in command and impressive,” Senate Minority Leader Chuck Schumer sidestepped the question. “We’re just looking forward,” he said. We’ll bet he is.
  • Constituents in Rep. Alexandria Ocasio-Cortez’s (D., N.Y.) district told the New York Post they’re fed up with their “absentee” congresswoman, accusing her of chasing national fame while ignoring local concerns like traffic, safety, and housing. “This woman has done nothing for the community she was once again elected to serve,” said Lauro Vazquez of Woodside, Queens.

The post Beacon Reporting Leads Feds to Strip Harvard of Another $450 Million in Funding. Plus, Aides Feared Biden Would Serve Second Term in a Wheelchair. appeared first on .

TensorWave raises $100M to grow its AMD-powered cloud infrastructure

May 14, 2025 Ogghy Filed Under: SCI-TECH, Tech Crunch

TensorWave, a data center provider building facilities primarily with AMD hardware, has raised $100 million as it seeks to further build out its data center infrastructure. The funding round was led by Magnetar and AMD Ventures, and brings the company’s total capital raised to $146.7 million, according to Crunchbase. Maverick Silicon, Nexus Venture Partners and […]

How Do US Universities Make Their Money?

May 14, 2025 Ogghy Filed Under: THE NEWS, Zerohedge

How Do US Universities Make Their Money?

The cost of funding American universities is huge – covering everything from faculty salaries and special departments to laboratories.

Not only that, government funding for public institutions has fallen substantially over the past 50 years, making universities rely more heavily on tuition and other sources of revenue. The Trump administration’s freezing of billions in grants and contracts is adding further strain to elite academic institutions.

This graphic, via Visual Capitalist’s  shows how American public universities are funded, based on data from the National Center for Education Statistics.

The Top Sources of Revenue for American Universities

Below, we break down the $392 billion in revenues generated across 1,592 public American institutions as of 2023:

State government funding, typically in the form of research grants, contracts, and appropriations, makes up the largest share at 28%.

Overall, New Hampshire ranks last in spending on higher public education spending per student, followed by Vermont. Going further, 25 states spend less than levels seen in 2008, with Nevada, Arizona, and Louisiana spending 30% less in 2023.

In absolute terms, California and Texas spend the most on academic funding, at $22.3 billion and $11.5 billion, respectively in fiscal 2025.

Meanwhile, tuition and fees generated 21% of revenues totaling $80.8 billion. Despite tuition costs more than tripling since 1990, it has struggled to make up the funding losses from state cutbacks. At the same time, university spending has swelled for administrators, construction, and faculty salaries as demand for higher education has increased.

Looking at private sources of revenue, these brought in $51.2 billion, or 13% of the total. Private sources include endowment additions, investment income, and private grants. While universities have massive endowment funds, funding is often tied to specific purposes. For instance, certain donors will designate funds to scholarships or a specific research center over a series of years.

To learn more about this topic from a global perspective, check out this graphic on the top universities outside of America.

Tyler Durden
Wed, 05/14/2025 – 06:55

Trump admin backs Jewish professor’s discrimination case against CUNY school

May 14, 2025 Ogghy Filed Under: NY Post, THE NEWS

The Trump Justice Department filed papers in federal court backing a Jewish professor who claimed she was subjected to a hostile work environment fueled by anti-semitic, Israel-bashing campus protests at CUNY’s Hunter College.

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