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Coinbase CEO Brian Armstrong warns that quantum computers could harm cryptocurrency more than AI.

OpinionRead the original at Benzinga
Neutral

Quantum computers could eventually threaten crypto security, but Coinbase has begun upgrading its custody systems and says blockchains also need safer technology. Mixed quarterly results leave no clear change in the company's outlook.

COIN · Coinbase Global Inc.

AI read · Neutral

The AI's read

The security risk could affect crypto assets held through Coinbase. The company has started upgrading its custody systems, but other blockchain networks also need to make changes. The quarter brought lower-than-expected revenue and higher-than-expected adjusted profit, alongside fast growth in prediction markets. Together, these reports give no clear reason to change the company's outlook.

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