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Concerns Over the Security of Early Bitcoins
Emin Gün Sirer, the CEO of Avalanche, has sparked a debate about the security of bitcoins mined in the early days of the cryptocurrency. He proposed freezing approximately 1 million bitcoins, often associated with pseudonymous creator Satoshi Nakamoto, due to potential future threats posed by quantum computing.

Quantum Computing as a Potential Threat
Sirer highlighted that early bitcoins use the outdated Pay-to-Public-Key (P2PK) cryptographic standard, which exposes public keys and makes these coins more vulnerable to quantum attacks. Unlike modern formats such as Pay-to-Public-Key-Hash (P2PKH) or SegWit, P2PK lacks additional layers of security.

He suggested that the Bitcoin community consider freezing these older coins or setting a "sunset date" beyond which they could no longer be spent. This measure, he argued, would protect the integrity of the Bitcoin network from future technological advances.
Quantum Chip Willow and Future Capabilities
Google recently unveiled its quantum chip, Willow, which can perform calculations that would take current supercomputers billions of years to complete. Although Willow is not yet capable of breaking Bitcoin's encryption, it represents a significant step toward practical quantum computing.
Differences Between Modern and Early Bitcoin Addresses
Modern Bitcoin wallets use advanced formats that conceal public keys through hashing. These formats provide added security, as quantum computers would need to reverse the hash, an extremely complex task. In contrast, P2PK addresses store public keys in plain text, making these coins more vulnerable to quantum attacks.
Mixed Reactions to the Proposal
Sirer's proposal has sparked mixed reactions. Some view it as a proactive measure to ensure security, while others argue it contradicts Bitcoin's principles of decentralization and freedom. Critics also highlight the challenges of identifying and freezing specific coins, as well as the potential precedent it could set for future changes to Bitcoin's rules.

Quantum Computing: A Challenge for the Future
Although current quantum computers cannot yet break Bitcoin's encryption, Sirer emphasizes the need for the community to prepare for potential consequences. Quantum technologies are advancing rapidly, and while the threat remains speculative, preventive measures could help mitigate future risks. "Realistic attacks on cryptocurrencies are still far off, but we must closely monitor developments in quantum computing over the coming decades," Sirer concluded.

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Avalanche (AVAX) price surges 12% as Binance's strategic announcement bolsters market sentiment, signaling positive momentum for the crypto.

STORY HIGHLIGHTS
Avalanche (AVAX) price spikes 12% following Binance's pivotal announcement, boosting investor confidence.Binance introduces USDC-margined AVAX Perpetual Contract with up to 75x leverage, enhancing trading options.Avalanche Foundation has recently announced its board expansion.
The crypto market witnessed a jump in Avalanche (AVAX) price today, as it soars nearly 12%. Notably, this significant rally comes in the wake of a strategic announcement from Binance, the leading crypto exchange.

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Meanwhile, the rally in AVAX price suggests that the investors are showing strong confidence in the crypto as Binance extends its support, introducing a USDC-margined AVAX Perpetual Contract with up to 75x leverage on its Futures platform.
Avalanche Price Rallies Amid Binance Announcement
The recent surge in Avalanche (AVAX) price has caught the attention of crypto enthusiasts and investors alike. Analysts point to Binance’s latest move as a significant factor fueling this momentum.
Meanwhile, the leading crypto exchange Binance has announced the launch of a USDC-margined AVAX Perpetual Contract on its Futures platform, scheduled for March 20, 2024, at 07:00 (UTC). With leverage of up to 75x, this move aims to enhance trading options and user experience on Binance Futures.

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In addition, the recent announcement highlights that the users can enjoy a 10% promotional trading fee discount until April 3, 2024, 12:30 (UTC) on all trades of USDC-margined futures contracts. Besides, the Multi-Assets Mode feature enables trading across multiple margin assets, providing flexibility to users.
Meanwhile, the introduction of the AVAX Perpetual Contract reflects Binance’s strategic commitment to expanding its offerings and meeting the evolving needs of its user base. By providing access to AVAX trading with enhanced leverage options, Binance aims to stimulate trading activity and bolster market liquidity for AVAX.
This move not only strengthens Binance’s position as a leading crypto exchange but also underscores its support for promising projects like Avalanche.
Impact On Price & Market Sentiment
Binance’s endorsement through the introduction of the AVAX Perpetual Contract signals a vote of confidence in the potential of Avalanche. The surge in AVAX price following this announcement indicates growing investor interest and positive market sentiment.

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Notably, as Binance users gain access to AVAX trading with increased leverage, the demand for AVAX may experience further upticks, potentially driving its price higher.
Meanwhile, the Avalanche price has been on the investors’ radar lately, as evidenced by the surge of around 35% in its price. Notably, the Avalanche Foundation has recently announced its board expansion, which has also bolstered market sentiment.
As of writing, the Avalanche price was up 11.73% to $59.74, with its trading volume staying near the flat line at $1.93 billion. The AVAX crypto has touched a high of $62.27 in the last 24 hours while noting a monthly gain of around 50%.

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Key Highlights
1. Avalanche and Stripe join forces to streamline crypto acquisitions within Web3 applications, presenting a user-friendly solution.
2. A novel widget integration enables seamless AVAX purchases directly within apps, bypassing external exchange platforms.
3. Despite recent market fluctuations affecting AVAX's value, the collaborative effort with Stripe holds promise for a potential market resurgence.
4. Watch out for key price levels at $29 (as support) and $40 (as resistance) to gauge potential price dynamics for AVAX in the near term.

Simplified Crypto Transactions Unveiled
Reports indicate that users of Avalanche's C-Chain can now seamlessly purchase AVAX directly within Web3 applications, courtesy of a widget provided by Stripe.
Avalanche's Innovative Partnership
Avalanche's recent announcement unveils plans to integrate the widget into web app interfaces, enabling effortless fiat-to-crypto exchanges at users' fingertips.
This development marks a significant milestone, extending crypto accessibility to millions of potential users.
The collaboration addresses the common "cold start problem" encountered by Web3 platforms, where users face obstacles in replenishing crypto wallet balances to perform essential functions.
Stripe/Avalanche's widget facilitates swift fiat-to-crypto conversions, empowering users to seamlessly conduct transactions without leaving the platform, while Stripe manages tasks like KYC, fraud detection, and compliance.
Impact on Avalanche's Market Dynamics
Despite recent bearish trends in AVAX's price, currently hovering around $33.4 and down by over 15% in the past week according to CoinMarketCap, this development could signal a turning point for prospective investors.
Analyzing Avalanche's price chart reveals a decline post-Bitcoin halving, with the cryptocurrency approaching a critical support level around $29, marked by the (blue) ascending trendline.
Observing historical price action, a rebound off this support level could indicate bullish momentum, potentially leading to a retest of the (red) ascending trendline at approximately $40.
In summary, $29 serves as crucial support, while $40 presents significant resistance levels. A decisive breakout above $40 could propel AVAX towards higher targets, such as $65.4.
Disclaimer: While Voice of Crypto endeavors to provide accurate and current information, it cannot be held liable for any omissions or inaccuracies. Cryptocurrencies are highly volatile assets; therefore, it is advisable to conduct thorough research and make informed financial decisions.

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$AVAX
Avalanche (AVAX) has regained traction, showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35. After a period of consolidation, AVAX’s price action hints at a possible breakout, which could trigger a strong upward movement. With technical indicators showing signs of strength, the market’s focus now shifts to whether Avalanche can sustain this upward momentum and push past the $29.35 barrier for a sustained move higher.
This analysis aims to evaluate Avalanche’s recent price rebound and assess whether it has the momentum to break through the key $29.35 resistance level. By examining technical indicators, market sentiment, and price trends, we seek to determine if the token is poised for further gains, setting the stage for a sustained rally in the coming sessions.
AVAX’s Strong Bounce: Will Momentum Continue?
Following the bullish comeback at $25, AVAX’s price on the 4-hour chart has continued to gain strength to surge toward the $29.35 resistance level. AVAX is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout.
Avalanche

An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has risen above the 50% mark and is currently sitting at 74%, indicating strong bullish momentum. As long as the RSI remains elevated and buyers maintain control, the asset could experience additional gains with the possibility of reaching new highs.
Additionally, the daily chart illustrates that AVAX is showcasing a significant upward push, characterized by a positive candlestick pattern following its rebound above the 100-day SMA. The asset is currently attempting to breach the critical resistance level at $29.35. Successfully overcoming this barrier would reinforce the prevailing upward trend and boost market sentiment, signaling heightened buying interest.
Avalanche
Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that Avalanche may maintain its optimistic trajectory. The indicator’s signal line after dropping to 44% is rising again and is currently positioned at 59%, indicating that buying pressure could remain strong and potentially drive further price appreciation in the near term.
What’s Next For Avalanche If $29.35 Is Breached?
If Avalanche successfully breaches the critical resistance level of $29.35, it could set the stage for a significant rally toward the $42 resistance mark. A breakout above this level could lead to a series of upward targets, pushing the price toward new highs as market confidence grows.
However, if Avalanche fails to maintain this strength and breaks above the $29.35 resistance level, it could result in a pullback, with the price sliding back toward the $18.85 support zone. A breakdown below this level could lead to more losses, possibly targeting lower support areas.