Insight on the biggest stories of the day.

Coinbase Wallet to Bring NFTs to Your Browser Extension

Back in October Coinbase announced the launch of their NFT marketplace as they try to expand their reach in the crypto space and compete with major players like Opensea and NiftyGateway. The name of the market place will be Coinbase NFT.
Coinbase products offering includes their own Coinbase Defi wallet which is a standalone app separate from the main exchange. The Coinbase wallet will now be able to hold your NFTs in the same manor that Metamask or Trust wallet does.
The number of new Coinbase wallet users has grown exponentially over the last two months with an increase of over 300% in 60 days. “Coinbase NFT will help creators, collectors, and fans build community, which aligns with Coinbase’s mission of increasing economic freedom and bringing crypto to more people, in new, exciting and accessible ways,” a spokesperson for the publicly-traded company previously told Blockworks.

The Biggest Risk For Bitcoin? How Quantum Computers Could Hurt BTC

Quantum Computing has been mentioned as one of the biggest dangers too crypto as well as the economic sector. IBM defined Quantum Computing as “rapidly-emerging technology that harnesses the laws of quantum mechanics to solve problems too complex for classical computers.”
As it stands currently the way Bitcoin is built makes it almost “uncrackable” to traditional hackers but a Quantum Computer will be able to take the public key used in the transaction and tamper with it to theoretically send the BTC to any address they wanted. A 51% attack would also be possible in this situation if a large enough group of people are attempting to control the network.
There are ways of combating this in the future as development in the entire crypto space continues to expand just as quickly as the development of of Quantum Computers. It is still a scary thought of what the endless possibilities that QC brings for better or worse.

Supply shock continues to come into play especially as the price continues to drop and whales continue to buy. The total amount of BTC on exchanges is just above 2.3 million.
Michael Saylor and even the country of El Salvador were busy buying it up and if they are as smart as a lot of the whales they are taking it off exchanges and into the more secure cold storage solutions like Trezor or Ledger.
The issue with leaving your crypto on exchanges is of course the possibility of hacks but what happens when the exchanges do not have the liquidity to meet the orders on their books? This could become an issue before we know it.