Jefferies’ global equity strategist, Chris Wood, has expressed serious concerns about Bitcoin’s future, citing the potential threat posed by quantum computing. He has shifted his portfolio away from Bitcoin towards gold and gold-mining stocks, fearing that advanced quantum computers could compromise Bitcoin’s security. The digital asset community is actively discussing solutions to safeguard against this emerging risk.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.