Coinbase Forms Quantum Computing Advisory Council for Blockchain Security
- Proactive Security Measures: Coinbase CEO Brian Armstrong announced the formation of a Quantum Computing Advisory Council aimed at addressing potential threats from quantum computing to blockchain security, highlighting the company's strong commitment to security, which is expected to enhance user trust and market competitiveness.
- Technical Risk Assessment: The council will analyze the impact of quantum computing on current cryptographic algorithms, particularly public-key cryptography, ensuring that effective technical responses are developed within the next decade to protect user assets and network integrity.
- Industry Collaboration Advocacy: Coinbase plans to leverage the council to promote collaboration and standardization within the industry, encouraging other cryptocurrency projects to prioritize quantum safety, thereby reducing systemic risks across the ecosystem and enhancing overall industry security.
- Education and Investment Direction: The council will also be responsible for educating users and investors about quantum threats, while potentially influencing Coinbase's investment decisions to support startups developing quantum-safe solutions, fostering security advancements in the Web3 space.
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Technical Analysis for Q
Technical Sentiment Analysis for Quack AI (Q) As of , Quack AI (Q) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for Q stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, Q is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Quack AI (Q) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000705 | 0.00852 | 0.0135 | 0.0213 | 0.0263 | 0.0341 | 0.0391 |
| Fibonacci | 0.00852 | 0.0134 | 0.0164 | 0.0213 | 0.0262 | 0.0292 | 0.0341 |
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