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Canaan Inc.

0.7170

-0.0630-8.08%

Volume:6.55M

Turnover:4.73M

Market Cap:301.14M

PE:-0.78

High:0.7631

Open:0.7566

Low:0.7128

Close:0.7800

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Overview Company News Filings

Crypto Daily | Bitcoin Briefly Tops $99,000; Crypto Stocks Gain With Canaan and Bakkt Holdings up 5%

Tiger Newspress

Bitcoin Rises Above $99,000. 3 Things to Watch in 2025

Russia Is Using Bitcoin in Foreign Trade, Finance Minister Says

Crypto Daily | Bitcoin Approaching $100K on Christmas Eve; Riot Platforms and MicroStrategy Rally 8%

Tiger Newspress

Post-Bell｜Wall St Ends Higher as Santa Rally Begins; Tesla Jumps 7%; MicroStrategy Rises 8%; SMCI Gains 6%

Tiger Newspress

Bitcoin May Reach Cycle Peak in 3 Weeks If History Repeats Itself - but Watch for These Barriers

Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Tuesday Trading

MT Newswires Live

Crypto Shares Extend Rally. Canaan Soars 10%; MicroStrategy Jumps over 5%; Riot Platforms Gains 4.8%

Tiger Newspress

Stock Track | Canaan Inc. Shares Soar 8.27% Amid Crypto Stock Rally

Key Share Acquisitions and Corrections Announced by Canal+ SA

24H｜Tesla, Broadcom Jump 1% in Overnight Trading; Canaan Rises 5%; MicroStrategy Jumps 2%

Tiger Newspress

Stock Track | Canaan Inc. Soars 5.34% After-Hours on Strategic ADS Sales Agreement and $270 Million Offering

BRIEF-Canaan Inc Files For Offering Of Up To $270 Million ADS Representing Class A Ordinary Shares

Canaan Inc. Announces Strategic ADSs Sales Agreement

Canaan Inc Files for Offering of up to $270 Mln Ads Representing Class a Ordinary Shares - SEC Filing

THOMSON REUTERS

Asian Equities Traded in the US as American Depositary Receipts Start Week Higher in Monday Trading

MT Newswires Live

Crypto Shares Slid. Canaan Sank 8%; MicroStrategy Dropped 5%; Riot Platforms, CleanSpark, Coinbase Fell around 4%

Tiger Newspress

Stock Track | Canaan Inc. Plummets 5.17% as Quantum Computing Threat Looms Over Bitcoin

A Looming Threat to Bitcoin: The Risk of a Quantum Hack

24H｜Rumble Soars 58% in Overnight Trading; Tesla Rises 2%; Rigetti up 10%; MicroStrategy Falls 3%; Nvidia Jumps 1%

Tiger Newspress

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Bitcoin hit a record high at $108,309 on Dec. 17, but tumbled last week along with stocks after the Federal Reserve signaled it would deliver fewer interest-rate cuts in 2025 than policymakers previously anticipated.Crypto analysts often divide bitcoin's price performance into four-year cycles - each of which see it experience four phases including breakout, hype, correction and accumulation. The cycles are primarily based on the schedule of bitcoin's halving, a mechanism to control the crypto's supply where the reward for bitcoin mining is cut in half. Halving happens roughly every four years, with the most recent one happening in April this y","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4596","CAN","BK4588","BK4601","RIOT","BTBT","RNDR.USD.HKCC","BK1611","BKKT","COIN","BK4585","BK4600","TON.USD.CC","CLSK","BK4595","BTC.USD.CC","BK4023","BITO","BK4516","MSTR","TON.USD.HKCC","BTCM","BTC.USD.HKCC","HUT","IREN","BITF","BK4594","MARA","APT.USD.CC","APT.USD.HKCC"],"gpt_icon":1},{"id":"2493033451","title":"Asian Equities Traded in the US as American Depositary Receipts Edge Higher in Tuesday Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2493033451","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493033451?lang=en_us&edition=fundamental","pubTime":"2024-12-24 23:45","pubTimestamp":1735055127,"startTime":"0","endTime":"0","summary":"Asian equities traded in the US as American depositary receipts were slightly higher Tuesday morning, edging up 0.08% to 2,086.58 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by computer hardware maker Canaan  and polysilicon manufacturer Daqo New Energy , which climbed 10 % and 7.2%, respectively. They were followed by automotive e-commerce platform Cango  and e-commerce brand platform Baozun , which rose 7% and 6.8%, respectively.The decliners from North Asia were led by automotive e-commerce platform TuanChe  and e-commerce fashion platform MOGU , which fell 9.2% and 8%, respectively. They were followed by fintech firm Jiayin Group  and brand platform 36Kr , which dropped 6.8% and 3.9%, respectively.From South Asia, the gainers were led by telecommunications operators Telekomunikasi Indonesia  and PLDT , which were up 1.7% and 1% respectively. They were followed by pharmaceutical company Dr. Reddy's Laboratories  and IT firm Sify Technologies , which increased ","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4009","BK4519","IE00B7N09G41.SGD","LU0229945570.USD","CANG","BK4134","LU1791710582.SGD","LU2177674079.SGD","LU0390135332.USD","LU0348814723.USD","PHI","LU0528227936.USD","MOGU","LU0197773160.USD","CAN.AU","LU1791710400.SGD","TLK","BK4600","LU0348744763.USD","LU0348816934.USD","LU0541501648.USD","BK4147","BK4089","BK4596","CAN","RDY","RDY.AU","DQ","BZUN","BK4509","BK4117","BK4132","INFY","SIFY","LU0630378429.USD","AFG","LU0197773673.USD","LU0708995666.HKD","LU2087589342.USD","BK7508","BK4532","BK4523","KRKR","HDB","IE00B3M56506.USD","LU1854103824.USD","JFIN","TC","LU1366334578.USD","BK4502"],"gpt_icon":1},{"id":"1103342970","title":"Crypto Shares Extend Rally. Canaan Soars 10%; MicroStrategy Jumps over 5%; Riot Platforms Gains 4.8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1103342970","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1103342970?lang=en_us&edition=fundamental","pubTime":"2024-12-24 23:17","pubTimestamp":1735053454,"startTime":"0","endTime":"0","summary":"Crypto shares rose on Tuesday. $Canaan Inc.(CAN)$ rose 10.5%; $The9(NCTY)$ rose 6.5%; $MicroStrategy(MSTR)$ jumped over 5%; $Riot Platforms(RIOT)$ gained about 5%; $Bit Digital(BTBT)$ rallied over 4%;","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CAN","CLSK","MSTR","MARA","RIOT","BTBT"],"gpt_icon":1},{"id":"1131187024","title":"Stock Track | Canaan Inc. Shares Soar 8.27% Amid Crypto Stock Rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1131187024","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1131187024?lang=en_us&edition=fundamental","pubTime":"2024-12-24 23:06","pubTimestamp":1735052794,"startTime":"0","endTime":"0","summary":"Canaan Inc. , a leading cryptocurrency mining hardware manufacturer, saw its stock surge 8.27% in Tuesday's intraday trading session. The rally was part of a broader upswing in the crypto sector, driven by positive sentiment surrounding MicroStrategy's ambitious plan to acquire more Bitcoin.Shares of crypto-related companies, including MicroStrategy , Riot Platforms , Marathon Digital Holdings , and Bit Digital , also experienced significant gains on Tuesday. MicroStrategy, a prominent Bitcoin h","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Stock Track | Canaan Inc. Shares Soar 8.27% Amid Crypto Stock Rally","news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["CAN"],"gpt_icon":1},{"id":"2493701552","title":"Key Share Acquisitions and Corrections Announced by Canal+ SA","url":"https://stock-news.laohu8.com/highlight/detail?id=2493701552","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493701552?lang=en_us&edition=fundamental","pubTime":"2024-12-24 18:32","pubTimestamp":1735036335,"startTime":"0","endTime":"0","summary":"The latest announcement is out from Canal+ ( ($GB:CAN) ). Canal+ SA announced significant share acquisitions by key executives. Maxime Saada, CEO, ...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/key-share-acquisitions-and-corrections-announced-by-canal-sa?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/key-share-acquisitions-and-corrections-announced-by-canal-sa?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4170","BK4595","BK4600","BK4526","CAN"],"gpt_icon":0},{"id":"1121883498","title":"24H｜Tesla, Broadcom Jump 1% in Overnight Trading; Canaan Rises 5%; MicroStrategy Jumps 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=1121883498","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1121883498?lang=en_us&edition=fundamental","pubTime":"2024-12-24 09:15","pubTimestamp":1735002906,"startTime":"0","endTime":"0","summary":"$Tesla Motors$ rose 1% in overnight trading.  $Broadcom$ rose 1%.Crypto stocks gained in overnight trading.   $Canaan Inc.$ rose 5%; $MicroStrategy$  rose 2%;  $Riot Platforms$ rose 1.5%;  $Coinbase Global, Inc.$ rose 1%. $IONQ Inc.$ rose 3% in overnight trading.","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["COIN","MSTR","RIOT","AVGO","IONQ","MARA","TSLA","CLSK","CAN"],"gpt_icon":0},{"id":"1188912494","title":"Stock Track | Canaan Inc. Soars 5.34% After-Hours on Strategic ADS Sales Agreement and $270 Million Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=1188912494","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1188912494?lang=en_us&edition=fundamental","pubTime":"2024-12-24 05:42","pubTimestamp":1734990152,"startTime":"0","endTime":"0","summary":"Canaan Inc. , a leading cryptocurrency mining equipment manufacturer, saw its stock price soar 5.34% in the after-hours trading session on Monday. This significant after-hours gain followed the company's announcement of a strategic agreement to sell American Depositary Shares  and the filing for an offering of up to $270 million in ADSs representing Class A ordinary shares.The company revealed that it has entered into an agreement with multiple agents to sell ADSs, which could potentially provid","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Stock Track | Canaan Inc. Soars 5.34% After-Hours on Strategic ADS Sales Agreement and $270 Million Offering","news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["CAN"],"gpt_icon":1},{"id":"2493715794","title":"BRIEF-Canaan Inc Files For Offering Of Up To $270 Million ADS Representing Class A Ordinary Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2493715794","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493715794?lang=en_us&edition=fundamental","pubTime":"2024-12-24 05:39","pubTimestamp":1734989987,"startTime":"0","endTime":"0","summary":"Dec 23 (Reuters) - Canaan Inc   :   * CANAAN INC FILES FOR OFFERING OF UP TO $270 MILLION ADS REPRESENTING CLASS A ORDINARY SHARES - SEC FILINGFurther company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4170","BK4526","CAN","BK4600","BK4595"],"gpt_icon":0},{"id":"2493715724","title":"Canaan Inc. Announces Strategic ADSs Sales Agreement","url":"https://stock-news.laohu8.com/highlight/detail?id=2493715724","media":"TIPRANKS","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493715724?lang=en_us&edition=fundamental","pubTime":"2024-12-24 05:28","pubTimestamp":1734989286,"startTime":"0","endTime":"0","summary":"Canaan ( ($CAN) ) just unveiled an update. Canaan Inc. has entered into an agreement with multiple agents to sell American Depositary Shares (ADSs)...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/company-announcements/canaan-inc-announces-strategic-adss-sales-agreement?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/company-announcements/canaan-inc-announces-strategic-adss-sales-agreement?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["CAN"],"gpt_icon":0},{"id":"2493713902","title":"Canaan Inc Files for Offering of up to $270 Mln Ads Representing Class a Ordinary Shares - SEC Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2493713902","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493713902?lang=en_us&edition=fundamental","pubTime":"2024-12-24 05:11","pubTimestamp":1734988277,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241223:nFWN3NO0D7:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4170","BK4526","BK4600","BK4595","CAN"],"gpt_icon":0},{"id":"2493276423","title":"Asian Equities Traded in the US as American Depositary Receipts Start Week Higher in Monday Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2493276423","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493276423?lang=en_us&edition=fundamental","pubTime":"2024-12-23 23:41","pubTimestamp":1734968497,"startTime":"0","endTime":"0","summary":"Asian equities traded in the US as American depositary receipts kicked off the holiday-shortened week on a positive note Monday morning, rising 1.04% to 2,062.40 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive company Honda Motor  and solar project developer Emeren Group , which climbed 13% and 6.6% respectively. They were followed by consumer lending firm Qudian  and fintech platform Jiayin Group , which rose 4.1% and 3.8% respectively.The decliners from North Asia were led by computer hardware maker Canaan  and brand platform 36Kr , which fell 8.4% and 7.1% respectively. They were followed by mobile big data platform Aurora Mobile  and healthcare platform 111 , which dropped 6.8% and 4.5% respectively.From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia , which rose 2.2%, followed by financial services company HDFC Bank  and pharmaceutical company Dr. Reddy's Laboratories , which were up 0.5% and 0.1% respectiv","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["CAN.AU","INFY","LU0210637038.USD","BK4532","LU0898667661.SGD","JG","LU2045819591.USD","IE0034224299.USD","HDB","LU1804176565.USD","HMC.AU","RDY.AU","RDY","BK7502","SOL.AU","BK4588","WIT","BK4207","BK4526","YI","BK7062","TLK","SG9999014021.USD","BK4581","LU0261945553.USD","LU1242518931.SGD","BK4085","BK4563","QD","IE00B3M56506.USD","IE00BYTNYM70.SGD","BK4099","BK4115","BK4551","LU0791590937.USD","HMC","SG9999014013.SGD","SOL","LU0831103253.SGD","AFG","BK4566","KRKR","LU0630378429.USD","SE","LU0348816934.USD","LU1282648689.USD","SIFY","JFIN","CAN"],"gpt_icon":1},{"id":"1107265659","title":"Crypto Shares Slid. Canaan Sank 8%; MicroStrategy Dropped 5%; Riot Platforms, CleanSpark, Coinbase Fell around 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1107265659","media":"Tiger Newspress","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1107265659?lang=en_us&edition=fundamental","pubTime":"2024-12-23 23:06","pubTimestamp":1734966385,"startTime":"0","endTime":"0","summary":"Crypto shares slid on Monday. $Canaan Inc.$ fell 8%;  $MicroStrategy$ fell 5%; $Riot Platforms$,  $CleanSpark, Inc.$,  $Coinbase$ fell around 4%; $Bit Digital$ fell over 3%.Bitcoin marked its first weekly decline since Donald Trump’s election victory as the Federal Reserve’s cautious policy outlook tempered optimism over the president-elect’s embrace of the crypto sector.The largest digital asset was down more than 7% for the seven-day period through Monday, the biggest such drop since September","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["COIN","CAN","CLSK","MSTR","RIOT","BTBT"],"gpt_icon":1},{"id":"1134719811","title":"Stock Track | Canaan Inc. Plummets 5.17% as Quantum Computing Threat Looms Over Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1134719811","media":"Stock Track","labels":["movement"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1134719811?lang=en_us&edition=fundamental","pubTime":"2024-12-23 22:32","pubTimestamp":1734964344,"startTime":"0","endTime":"0","summary":"Canaan Inc., a leading manufacturer of Bitcoin mining equipment, saw its stock price plummet by 5.17% in intraday trading on Monday. The decline comes amidst growing concerns over the long-term security of Bitcoin, which could pose significant risks to companies dependent on the cryptocurrency's success.At the heart of these concerns lies the potential threat posed by quantum computing, a revolutionary technology that could render current encryption methods obsolete. As per a recent report, quan","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["CAN"],"gpt_icon":0},{"id":"2493201707","title":"A Looming Threat to Bitcoin: The Risk of a Quantum Hack","url":"https://stock-news.laohu8.com/highlight/detail?id=2493201707","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2493201707?lang=en_us&edition=fundamental","pubTime":"2024-12-23 13:31","pubTimestamp":1734931894,"startTime":"0","endTime":"0","summary":"Bitcoin's rally faces a risk that isn't on the radar of most crypto investors: quantum computing.The nascent technology, which drew attention this month after Google claimed a breakthrough with its new Willow quantum-computing chip, could one day enable hackers to break the encryption that keeps bitcoin secure. Such a hack could torpedo bitcoin's price, by allowing thieves to swipe coins out of supposedly secure digital wallets.Researchers say a quantum device powerful enough to crack bitcoin is likely a decade or more away. Still, advances in the technology pose a long-term risk, unless bitcoin's fractious community of developers beef up its technology in a time-consuming upgrade.A quantum-powered attack on bitcoin could have harmful spillover effects on traditional financial markets, analysts warn.\"What you've got here is a time bomb waiting to explode, if and when someone gets that ability to develop quantum-computer hacking and decides to use that to target cryptocurrencies,\" said 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