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Will Bitcoin’s Price Hit $100,000? Apple’s Wozniak Thinks So – TheStreet

The Mighty Woz has spoken.

Apple (AAPL) - Get Apple Inc. Report co-founder Steve Wozniak put in his two cents about bitcoin recently, saying that he believes the cryptocurrency will reach $100,000.

Wozniak made his comments on the podcast "Steve-O's Wild Ride," hosted by the "Jackass" star.

He discussed his experience with bitcoin, the world's largest cryptocurrency by market capitalization.

Wozniak noted how bitcoin prices have soared a few times when he owned it and he now only has a small amount to experiment with.

"I think Bitcoin is going to go to $100,000," he said. "I dont know where I get that feeling. I cant put any mathematics to it. I just really feel it based on all the interest. The interest in crypto is so high."

Bitcoin was down 8.6% to $38,807 Friday at last check, according to CoinGecko.

Wozniak,who founded Apple with Steve Jobs in 1976,cited the increasing number of cryptocurrencies, saying "everybody has a way to create a new one, and you have a celebrity star with it."

"It seems like theyre just collecting a bunch of money from people who want to invest at the very earliest stage, when its worth pennies," he added.

He also said that the number of people getting ripped off with crypto and NFTs, or non-fungible tokens "is just outrageous."

"Bitcoin is safe because it's the big elephant on the block," he said. "It's stable."

Wozniak, who left Apple in 1985, has had his own experience with crypto scams.

Last year,Wozniak has lost his lawsuit to sue YouTube over scam videos that claimed he was the host of a fake bitcoin giveaway and used his image.

Santa Clara County (Calif.) Superior Court Judge Sunil R. Kulkarni ruled that YouTube and its parent company Google (GOOGL) - Get Alphabet Inc. Class A Reportwere protected under federal law from responsibility for their users' posts.

Images and a video of Wozniak were used by YouTube scammers to trick viewers into believing he was hosting a live giveaway, in which anyone who sent him bitcoin would receive double the amount in return, according to the lawsuit.

Wozniak is involved with a realityshow called "Unicorn Hunters", which introduced its own cryptocurrency, Unicoin, last month.

In 2020, Wozniak launchedEfforce, a Malta-based blockchain project for funding energy-efficient businesses.The company's cryptocurrency token is named WOZX.

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Kazakhstan: Bolat Nazarbayev named and shamed over bitcoin mining – Eurasianet

As pressure mounts on the family of Nursultan Nazarbayev, the former president, the authorities have accused his brother of involvement in business activities presenting a threat to the countrys economic security.

Bolat Nazarbayev had a hand in lucrative cryptocurrency mining operations in northern Kazakhstan that have now stopped, the Agency for Financial Monitoring reported on March 15.

The shutdown was voluntary, the agency said. It did not specifically accuse him of illegally mining bitcoins, but its statement was headlined as a report about illegal mining activity.

The public naming and shaming of Bolat Nazarbayev came two days after the arrest of a nephew of Bolat and Nursultan Nazarbayev, as President Kassym-Jomart Tokayev moves to weaken the familys political and economic grip following fatal January unrest in which elite infighting played a role.

Law-enforcement officers detained Kairat Satybaldy on March 13 on suspicion of embezzlement and say they are investigating him over possible involvement in crimes undermining the security of the state.

This is the first time Bolat Nazarbayev has been publicly identified by investigators, who have already targeted the business interests of Aliya Nazarbayeva, the former presidents youngest daughter.

But Tokayev had previously ordered a crackdown on Altyn Orda, an Almaty wholesale market reputed to be associated with Bolat Nazarbayev, which the president described as a shady environment for criminal elements. Tokayev has also demanded an end to smuggling on the Chinese border, where Bolat Nazarbayev is reputed to have business interests.

Investigators also identified Kayrat Sharipbayev, who is believed to be the partner of Dariga Nazarbayeva, the former presidents eldest daughter, as another businessman involved in cryptocurrency mining. Sharipbayev lost his job as head of the state-owned Qazaq Gas company in January as the Nazarbayev family began to come under pressure.

Other powerful businessmen who have now voluntarily halted bitcoin mining include Aleksandr Klebanov, who owns a 50 percent stake in the Central Asian Power Energy Company, and Yerlan Nigmatullin, whose diverse portfolio of business interests covers the agriculture, retail, food and transport sectors. The latter is the twin brother of former parliament speaker Nurlan Nigmatullin. Pharmaceutical tycoon Kairat Itemgenov and Major-General Tlegen Matkenov, a former police chief in the southern Zhambyl Region, have also agreed to stop mining, the Agency for Financial Monitoring said.

Bitcoin mining presents a threat to the countrys economic security because of its rampant use of energy that increased the risks of supply disruptions and electric power shortages for ordinary consumers and entrepreneurs, the agency reported.

The government has previously blamed bitcoin miners for placing an excessive load on energy infrastructure and caused an increasing number of rolling power blackouts in Kazakhstan.

According to the Energy Ministry, power consumption in January-October 2021 grew by 8 percent compared to the same period a year earlier. In earlier years, consumption grew annually by less than 2 percent.

The authorities began cracking down on illegal bitcoin mining at the beginning of this year, closing down 13 illegal operations.

Now, 55 mining outfits have agreed to voluntarily close in the latest crackdown. Investigators have opened 25 criminal cases and confiscated 67,000 pieces of equipment worth an estimated 100 billion tenge ($194 million), the agency said.

Much of the equipment was brought in from China, South Korea, Singapore, Turkey and Georgia. In one case in Almaty, officers confiscated 1,000 pieces of kit worth 2.8 billion tenge ($5.4 million) that had been smuggled in from China.

Cryptocurrency mining boomed in Kazakhstan after a ban on the business in China last summer brought bitcoin miners flocking in, turning the country into the worlds second-largest producer.

But as Rest of World, a website based in the U.S. covering tech developments, reported this week, with the government now cracking down on illegal mining and hiking taxes on legal miners, the business now appears to be going from boom to bust in Kazakhstan.

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Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise Mining Bitcoin News – Bitcoin News

After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the networks hashrate increased more than 15% since then. Currently, the processing power has been coasting along above the 200 exahash per second (EH/s) zone but another difficulty increase is expected to occur in less than four days.

Bitcoins hashrate slipped two weeks ago on February 27, 2022, to 169 EH/s after touching an all-time high (249 EH/s) on February 15. Following the drop in processing power, bitcoin miners caught a break when the difficulty decreased for the first time in months.

On March 3, the difficulty dropped 1.49% lower after six consecutive difficulty increases prior. Currently, Bitcoins mining difficulty is 27.55 trillion and following the last adjustment, processing power has improved.

Bitcoins hashrate increased over 15% since the difficulty change and 29% since the hashrate hit 169 EH/s two weeks ago. Currently, the networks processing power is roughly 218.11 EH/s and over the last ten days its managed to stay above the 200 EH/s range.

However, the next epoch mining difficulty adjustment is slated to happen in less than four days and its expected to rise 1.03%. If the rise above 1% is takes place, the mining difficulty will change from 27.55 trillion to 27.83 trillion.

Three day hashrate distribution statistics show that Foundry USA has been the top miner over the last 72 hours. The American mining operation has 42.42 EH/s dedicated to the Bitcoin blockchain which equates to 21.19 % of todays hashrate.

The second-largest miner in terms of hashrate over the last three days is F2pool with 30.93 EH/s of processing power which represents 15.45% of the global hashrate. At the time of writing, there are 11 known mining pools dedicating SHA256 hashrate toward the BTC chain.

Theres 1.33 EH/s or 0.66% of the global hashrate operated by unknown or stealth miners. While the Bitcoin network is once again coasting along at near-record highs, a few other networks have been recorded record highs as well.

Monero is coasting along at near all-time highs (ATH) at 2.92 gigahash per second (GH/s) and Ethereum is around 1.04 petahash per second (PH/s). Like Bitcoin, both networks are just below the hashrate ATHs.

What do you think about the Bitcoin networks hashrate increase over the last 10 days and the upcoming difficulty increase? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Abra CEO Explains Why He Thinks Bitcoin Is Going to $250,000 and Ethereum to $40,000 – CryptoGlobe

Last Friday (March 11), Bill Barhydt, the CEO of investment and trading platform Abra, shared his medium and long term outlook for Bitcoin ($BTC) and Ethereum ($ETH).

The Arba CEO made his comments during an interview on CNBCs Crypto World with reporter Tanya Macheel.

Regarding Bitcoin, he said:

So, clearly, were moving sideways in a prolonged manner Basically, you could say, we started moving sideways in either February of last year, or maybe September of last year, depending upon your perspective but clearly, weve been in this kind of sideways channel between lets say $35,000 and, and more or less $60,000, with a little bit of a band above and below for about a year now.

And whats interesting is iBitcoin had a massive infusion of cash, which was largely driven by a couple of different factors, We had this Grayscale arb So there were a lot of money to be made there. And neither of those is true anymore. And yet, Bitcoin basically is still holding the kind of middle lower end of that band.

However, he pointed out that he is bullish on both Bitcoin and Ethereum:

I am bullish on both for an underlying reason thats similar, which is network effects. Theyre getting the network effects for different reasons, and theyre both in different cycles in my opinion, in terms of getting those network effects

Bitcoin is driving network effects around becoming kind of a reserve asset that is trustless, immutable, and cant be stopped, cant be changed, you know, hard money, etc. Those network effects continue to grow. They were interrupted via the China mining ban and actually I think thats what initially caused the channel to actually stop in the high 60s. I think it would have stopped in the 80s or 90s, and we would have gone sideways from there.

Not a huge deal if youre looking, you know, in terms of exponential growth long term because I still think we get to $250K, but its the network effects of Bitcoin going to become hard money or on its way to becoming hard money that are driving its adoption.

Ethereum is different. Ethereums network effects are based on this idea that it could become the worlds computer. Its being used for stablecoins, its being used for NFTs, being used for DeFi. People looking at it for gaming now. With staking coming, I think the rates are probably going to increase to 10ish percent, which is going to show a massive influx of people trying to hold Ethereum, which is going to create more of a lockup.

So the network effects for Ethereum, in the short term, are actually more bullish to me because of these use cases, right? That are just starting to play out, and if the gas fees and the transaction fees come down, which is the promise of proof of stake, look out, because now all of the impediments to those network effects are taken out of the way.

Now, we may have a little bit of a sell-the-news effect, after the initial kind of rush to stake happens with the upgrade in June or July, whenever it happens, meaning the upgrade to proof of stake. So we may see a kind of a sell-the-news pullback, but yeah, I think youre talking about, you know, potentially $30,000-$40,000 Ethereum. Its deflationary. The use cases are through the roof. Its just all the stars are lining up for Ethereum in my opinion right now.

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Microsoft reports a Majorana development in its quest to build quantum computers – GeekWire

Postdoctoral researcher Xiaojing Zhao works in Microsofts Quantum Materials Lab, where an important milestone towards creating a topological qubit and scalable quantum computer has been demonstrated. (Photo by John Brecher for Microsoft)

Microsoft says its researchers have found evidence of an exotic phenomenon thats key to its plans to build general-purpose quantum computers.

The phenomenon, known as a Majorana zero mode, is expected to smooth the path for topological quantum computing the technological approach thats favored by Microsofts Azure Quantum program.

Quantum computing is a weird enough concept by itself: In contrast with the rigid one-or-zero world of classical computing, quantum computing juggles quantum bits, or qubits, that can represent ones and zeroes simultaneously until the results are read out.

Scientists say the quantum approach can solve certain types of problems for example, network optimization or simulations of molecular interactions far more quickly than the classical approach. Microsoft Azure, Amazon Web Services and other cloud-based services are already using hybrid systems to bring some of the benefits of the quantum approach to applications ranging from drug development to traffic management.

At the same time, Microsoft and other companies are trying to build the hardware and software for full-stack quantum computing systems that can take on a far wider range of applications. Microsoft has chosen a particularly exotic technological strategy, which involves inducing quantum states on topological superconducting wires. To keep those quantum states stable, the wires would host Majorana zero modes localized at each end.

Majorana zero modes have been a topic of theoretical interest since 1937, but for decades, they remained exclusively in the realm of theory. In 2018, a team of researchers reported that they had created the phenomenon, only to retract their claims three years later. Other claims have met with controversy as well, casting doubt on the prospects for topological quantum computing.

Last year, an analysis of data from Azure Quantums experimental quantum devices found signatures suggesting that Majorana zero modes were present at both ends of a precisely tuned nanowire. Other signatures in the electrical conductance data pointed to the opening and closing of whats known as a topological gap another telltale sign pointing to a successful detection.

It was suddenly wow, Roman Lutchkin, a Microsoft partner research manager with expertise in quantum simulation, said in a Microsoft report on the Majorana research. We looked at the data, and this was it.

Zulfi Alam, a corporate vice president who heads Microsofts quantum computing effort, said the hardware team has invited an external council of experts to review and validate the findings.

Even if the results are validated, it will take lots more research to create topological qubits and assemble a quantum computer thats ready for prime time. But at least Microsofts researchers will have added confidence that theyre on the right track.

Whats amazing is humans have been able to engineer a system to demonstrate one of the most exotic pieces of physics in the universe, said Microsoft engineer Krysta Svore, who leads the companys quantum software development program. And we expect to capitalize on this to do the almost unthinkable to push toward a fault-tolerant quantum machine that will enable computation on an entirely new level thats closer to the way nature operates.

Researchers discussed their findings this month during a meeting organized by Microsofts Station Q in Santa Barbara, Calif. For further details, check out the latest installment of Microsofts Innovation Stories and todays posting on the Microsoft Research Blog.

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The Explosive Quantum Computing Stock That Could Save the World – InvestorPlace

Im a history junkie. So, in this special Sunday issue of Hypergrowth Investing, let me start by sharing an interesting story from history that I bet a lot of you have never heard before but which, interestingly enough, could be the key to enabling you to make money in this tough market.

Back in October of 1927, the worlds leading scientists descended upon Brussels for the fifth Solvay Conference an exclusive, invite-only conference dedicated to discussing and solving the outstanding preeminent open problems in physics and chemistry.

In attendance were scientists that, today, we praise as the brightest minds in the history of humankind.

Albert Einstein was there so was Erwin Schrodinger, who devised the famous Schrodingers cat experiment and Werner Heisenberg, the man behind the world-changing Heisenberg uncertainty principle and Louis de Broglie. Max Born. Neils Bohr. Max Planck.

The list goes on and on. Of the 29 scientists who met in Brussels in October 1927, 17 of them went on to win a Nobel Prize.

These are the minds that collectively created the scientific foundation upon which the modern world is built.

And yet, when they all descended upon Brussels nearly 94 years ago, they got stumped by one concept one concept that for nearly a century has remained the elusive key to unlocking the full potential of humankind.

And now, for the first time ever, that concept which stumped even Einstein is turning into a disruptive reality, via a breakthrough technology that will change the world as we know it, and potentially even save it from a global war.

So what exactly were Einstein, Schrodinger, Heisenberg, and the rest of those Nobel Laureates talking about in Brussels back in 1927?

Quantum mechanics.

Now, to be clear, quantum mechanics is a big, complex topic that would require 500 pages to fully understand, but heres my best job at making a Cliffs Notes version in 500 words instead

For centuries, scientists have developed, tested, and validated the laws of the physical world which are known as classical mechanics. These laws scientifically explain how things work. Why they work. Where they come from. So on and so forth.

But the discovery of the electron in 1897 by J.J. Thomson unveiled a new, subatomic world of super-small things that didnt obey the laws of classical mechanics at all. Instead, they obeyed their own set of rules, which have since become known as quantum mechanics.

The rules of quantum mechanics differ from the rules of classical mechanics in two very-weird, almost-magical ways.

First, in classical mechanics, objects are in one place, at one time. You are either at the store, or at home.

But, in quantum mechanics, subatomic particles can theoretically exist in multiple places at once before they are observed. A single subatomic particle can exist in point A and point B at the same time, until we observe it, at which point it only exists at either point A or point B.

So, the true location of a subatomic particle is some combination of all its possible locations.

This is called quantum superposition.

Second, in classical mechanics, objects can only work with things that are also real. You cant use your imaginary friend to help move the couch. You need your real friend to help you.

But, in quantum mechanics, all of those probabilistic states of subatomic particles are not independent. Theyre entangled. That is, if we know something about the probabilistic positioning of one subatomic particle, then we know something about the probabilistic positioning of another subatomic particle meaning that these already super-complex particles can actually work together to create a super-complex ecosystem.

This is called quantum entanglement.

So, in short, subatomic particles can theoretically have multiple probabilistic states at once, and all those probabilistic states can work together again, all at once to accomplish some task.

And that, in a nutshell, is the scientific breakthrough that stumped Einstein back in the early 1900s.

It goes against everything classical mechanics had taught us about the world. It goes against common sense. But its true. Its real. And, now, for the first time ever, we are leaning how to harness this unique phenomenon to change everything about everything

Mark my words. Everything will change over the next few years because of quantum mechanics and some investors are going to make a lot of money.

The study of quantum theory has made huge advancements over the past century, especially so over the past decade, wherein scientists at leading technology companies have started to figure out how to harness the magical powers of quantum mechanics to make a new generation of super quantum computers that are infinitely faster and more powerful than even todays fastest supercomputers.

Again, the physics behind quantum computers is highly complex, but heres my Cliffs Notes version

Todays computers are built on top of the laws of classical mechanics. That is, they store information on what are called bits which can store data binarily as either 1 or 0.

But what if you could harness the power of quantum mechanics to turn those classical bits into quantum bits or qubits that can leverage superpositioning to be both 1 and 0 data stores at the same time?

Even further, what if you could take those quantum bits and leverage entanglement to get all of the multi-state bits to work together to solve computationally taxing problems?

You would theoretically create a machine with so much computational power that it would make even todays most advanced supercomputers look like they are from the Stone Age.

Thats exactly what is happening today.

Google has built a quantum computer that is about 158 million times faster than the worlds fastest supercomputer.

Thats not hyperbole. Thats a real number.

Imagine the possibilities if we could broadly create a new set of quantum computers 158 million times faster than even todays fastest computers

Wed finally have the level of AI that you see in movies. Thats because the biggest limitation to AI today is the robustness of machine learning algorithms, which are constrained by supercomputing capacity. Expand that capacity, and you get infinitely improved machine learning algos, and infinitely smarter AI.

We could eradicate disease. We already have tools like gene editing, but the effectiveness of gene editing relies of the robustness of the underlying computing capacity to identify, target, insert, cut, and repair genes. Insert quantum computing capacity, and all that happens without an error in seconds allowing for us to truly fix anything about anyone.

We could finally have that million-mile EV. We can only improve batteries if we can test them, and we can only test them in the real-world so much. Therefore, the key to unlocking a million-mile battery is through cellular simulation, and the quickness and effectiveness of cellular simulation rests upon the robustness of the underlying computing capacity. Make that capacity 158 million times bigger, and cellular simulation will happen 158 million times faster.

The economic opportunities here are truly endless.

But so are the risks

Did you know that most of todays cybersecurity systems are built on top of maths-based cryptography? That is, they protect data through encryption that can only be cracked through solving a super-complex math problem. Today, that works, because classical computers cannot solve those super-complex math problems very quickly.

But quantum computers that are 158 million times faster than todays classical computers will be able to solve those math problems in the blink of an eye. Therefore, quantum computers threaten to obsolete maths-based cryptography as we know it, and will compromise the bulk of the worlds modern cybersecurity systems.

Insiders call this the Quantum Threat. Its a huge deal. When the Quantum Threat arrives, no digital data will be safe.

Back in 2019, computer scientists believed the Quantum Threat to be a distant threat something that may happen by 2035. However, since then, rapid advancements in quantum computing capability have considerably moved up that timeline. Today, many experts believe the Quantum Threat will arrive in the 2025 to 2030 window.

That means the world needs to start investing in quantum-proof encryption today and thats why, from an investment perspective, we believe quantum encryption stocks will be among the markets biggest winners in the 2020s.

The global information security market is tracking towards $300 BILLION. That entire market will have to inevitably shift towards quantum encryption by 2030. Therefore, were talking the creation of a $300 billion market to save the planet from a security meltdown.

And, at the epicenter of this multi-hundred-billion-dollar, planet-saving megatrend, is one tiny startup that is pioneering the single most robust quantum encryption technology platform that world has ever seen

This company is working with the U.S. government, the UK government, and various other defense and intelligence agencies to finalize its breakthrough technology platform. The firm plans to launch the quantum encryption system, globally, in 2023.

If the tech works at scale, this tiny stock which is trading for less than $20 will roar higher by more than 10X by 2025.

And guess what? We just bought this stock in our flagship investment research product, Innovation Investor.

Trust me. This is a stock pick you are not going to want to miss it may be the single most promising investment opportunity Ive come across over the past few years.

And, with a war raging on in Europe for the first time since World War II, the economic and political importance of this stock has never been bigger.

To gain access to that stock pick and a full portfolio of other potential 10X tech stock picks for the 2020s click here.

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article

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PsiQuantums Partnership with GlobalFoundries Named to Fast Companys Worlds Most Innovative Companies List – Yahoo Finance

Manufacturing breakthrough will lead to quantum chips with the precision required to build the worlds first useful quantum computer

PALO ALTO, Calif., March 15, 2022--(BUSINESS WIRE)--PsiQuantum's partnership with GlobalFoundries (GF) has been included in Fast Companys prestigious annual list of the Worlds Most Innovative Companies. PsiQuantum is using GFs advanced semiconductor manufacturing facilities to build the worlds first useful quantum computer, and the Fast Company award recognizes this unprecedented collaboration.

This years list honors businesses that are making the biggest impact on their industries and culture as a whole. These companies are creating the future today with some of the most inspiring accomplishments of the 21st century. In addition to the World's 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.

Quantum computing is anticipated to unlock the solutions to otherwise impossible problems and enable extraordinary advances across a broad range of applications including climate, healthcare, life sciences, energy and beyond. Whether its improving carbon capture catalysts, optimizing the energy grid, or modelling the chemistries of lifesaving drugs or new battery materials, quantum computers are key to solving many of the worlds most demanding challenges that will forever be beyond the capabilities of any conventional computer.

World-changing applications require a large-scale, fault-tolerant quantum computer built in a scalable and proven manufacturing environment. Silicon photonics and semiconductor chip manufacturing offer the scalability and manufacturability needed to deliver a commercially useful quantum computer on any sensible time or money scale.

PsiQuantum is building the worlds first commercially useful, fault-tolerant quantum computer based on breakthroughs in silicon photonics and quantum architecture. Its team of world-renowned quantum computing experts has developed unique technology in which single photons (particles of light) are manipulated using complex photonic circuits, patterned onto a silicon chip using standard semiconductor manufacturing techniques.

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PsiQuantum and GF demonstrated a world-first ability to manufacture core quantum components, such as single-photon sources and single-photon detectors, with precision and in volume, representing a significant milestone in PsiQuantums roadmap to deliver a large-scale quantum computer. Fast Company recognized the collaboration between PsiQuantum and GF as one of the 10 most innovative joint ventures of 2022, an award category defined by Fast Company as "the best business pairings, whether one-off collaborations or new companies".

"A commercially useful quantum computer has to be large, fault-tolerant, manufacturable, and scalable," said Fariba Danesh, chief operating officer at PsiQuantum. "We have identified a clear path for building a large-scale quantum computer, leveraging our unique technology in silicon photonics and quantum system architecture, and the scalable and proven manufacturing processes of our semiconductor partner GF."

"We are proud that our partnership with PsiQuantum has been recognized as one of the most innovative business pairings of 2022," said Amir Faintuch, senior vice president and general manager of Computing and Wired Infrastructure at GF. "Our partnership is a powerful combination of PsiQuantums photonic quantum computing expertise and GFs silicon photonics manufacturing capability that will transform industries and technology applications across climate, energy, healthcare, materials science, and government."

Fast Companys editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process. The Worlds Most Innovative Companies is Fast Companys signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.

"The worlds most innovative companies play an essential role in addressing the most pressing issues facing society, whether theyre fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions," said Fast Company Deputy Editor David Lidsky.

For the second year in a row, coinciding with the issue launch, Fast Company will host its Most Innovative Companies Summit on April 26 27. The virtual, multi-day summit celebrates the Most Innovative Companies in business and provides an early look at major business trends and an inside look at what it takes to innovate in 2022. Fast Companys Most Innovative Companies issue (March/April 2022) is available online here, as well as in app form via iTunes and on newsstands beginning March 15. The hashtag is #FCMostInnovative.

About PsiQuantum

Powered by breakthroughs in silicon photonics and quantum architecture, PsiQuantum is building the first commercially useful quantum computer to solve some of the worlds most important challenges. PsiQuantum believes silicon photonics is the only way to achieve the necessary scale required to deliver a fault-tolerant, general-purpose quantum computer. With quantum chips now being manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, healthcare, finance, energy, agriculture, transportation, communications, and beyond. To learn more, visit http://www.psiquantum.com.

Follow PsiQuantum: LinkedIn

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at http://www.fastcompany.com.

2022 PsiQuantum. PsiQuantum and our logo are trademarks of PsiQuantum, Corp. in the U.S. and other countries. All other trademarks are the property of their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005492/en/

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What Are the Best Quantum Computing Stocks to Buy? – Investment U

Weve reached a point where 1980s-90s sci-fi buzzwords are turning into reality. A few examples are nanotechnology, the metaverseand quantum computing. In the past few years, all three of these concepts have turned into full-fledged industries. In particular, quantum computing could be incredibly valuable over the coming decade. Quantum computing essentially makes computing-intensive processes easier. In todays world, there are dozens of industries that require lots of computing power. For example, AI, self-driving cars and Bitcoin mining. Pending a slight breakthrough, quantum computing could quickly emerge as a key technology for the next decade. Due to this, getting into the best quantum computing stocks today could easily set your portfolio up for a successful future.

With that said, lets take a look at the best quantum computing stocks to buy.

Most of the worlds major tech companies have a hand in quantum computing. Accordingly, some of the worlds largest companies are also the best quantum computing stocks.

Companies like Google and Microsoft spend billions on R&D each year. Oftentimes, these companies are not even sure where their research will lead. Their plan is simply to push the boundaries of tech/science. For example, Google launched the Moonshot Factory to tackle the worlds biggest problems. The Moonshot Factory essentially just throws money at researchers in an attempt to develop cutting-edge technology. And, if there was ever a cutting-edge technology, its quantum computing.

Lets take a look at familiar tech names that are exploring quantum computing.

International Business Machines is one of the world leaders in quantum computing. It offers a full-stack approach to quantum computing. This means that it solutions for both quantum computing systems as well as quantum software tools. In total, IBMs network has 20+ quantum systems. This makes it the most powerful fleet of quantum computers in the world.

In general, investors view IBM as a value/dividend stock. This means that its stock price probably wont 10X over the next 5 years. However, it has an established business model and has an attractive dividend yield of 5.25%. Even as IBM pushes the boundaries of quantum computing, its stock probably wont increase very much. However, investors can trust that their money is relatively safe and that they will earn a return through dividend payments.

IBM reported 2021 annual revenue of $57.35 billion and a net income of $5.74 billion.

Alphabet, Googles parent company, is another one of the best quantum computing stocks to consider. Google processes about 8.5 billion searches every single day. It works on everything from artificial intelligence to self-driving cars to smart assistants. If any company can push the boundaries of quantum computing, its Google.

Google currently offers a quantum computing service that researchers can use freely. The only requirement is that these researchers must publicly share their results in algorithms, applications, tools, and processor characterizations. This is part of Googles philosophy to organize and share the worlds knowledge.

Investing in Google is very rarely a bad idea. In 2021, the search giant reported annual revenue of $257.64 billion and a net income of $76.03 billion. Google makes most of its money from search and controls 90% of the search market. Despite this dominance, Googles annual revenue has still grown by double digits for the past five years. This gives the company plenty of cash to toss at ambitious projects, like quantum computing.

Over the past five years, Microsoft has turned into a serial compounder. Its business (and stock price) seems to just keep growing and growing. As I write this, its stock has returned over 300% since 2017. This is tied with Apple for the best return of the FAANG stocks. Its true that there are definitely smaller companies that have higher stock returns. However, when you invest in Microsoft you are investing in a proven, diversified business model. You can trust that your money is relatively safe while still appreciating 60% per year (historically). If you are looking for one of the best quantum computing stocks, Microsoft is an excellent choice.

Microsoft offers a full-stack quantum computing ecosystem. This ecosystem includes software, applications, devices, and controls. It is also built on top of Microsofts Azure cloud computing software. Azure is the second-largest cloud computing software, right behind Amazon Web Services.

In 2021, Microsoft reported $168 billion in annual revenue. It also reported a total net income of $61 billion.

Quantum computing is still in its infancy. Due to this, its safer to invest in a company that has a diversified business such as IBM, Alphabet, and Microsoft. These companies give you exposure to quantum computing but are still relatively safe investments. The downside is that they dont really have the potential for massive growth. Their high-growth days are behind them.

Luckily, there is a trio of newer companies whose entire business is quantum computing. These companies income relies solely on quantum computing. Due to this, investing in them comes with more risk. The upside is that the potential payoffs are much higher.

However, keep in mind that these companies are very newly public. This means there is less financial data available. With less data, its harder for investors to value the stock properly. This could lead to volatility in the short term. It could take a few quarters, or even years, for these three companies to gain positive momentum.

Here are a few pure play quantum computing companies to consider.

IONQ is a quantum computing company focused on software to optimize quantum circuits. It is one of three quantum computing stocks to go public via SPAC in 2021.

One major advantage that IONQ has is that its systems are the only hardware available on all major cloud platforms. This makes it easier for researchers to collaborate and transition between systems. This could be a big selling point for attracting new researchers and customers.

D-Wave is another company that went public via SPAC in 2021. Despite being newly public, the company is far from young. It was founded in 1999. D-Wave is best known for its quantum annealing technology. However, it recently expanded into gate-based, universal quantum computing. The company believes that this style of computing has more potential for specific applications. Among these specific applications are fault detection, traffic congestion, and supply chain management.

In this sense, D-Wave is going after a more niche segment of quantum computing. Having a more specialized use could allow this company to gain momentum more quickly.

Rigetti Computing develops quantum integrated circuits as well as a quantum cloud platform. It went public in 2021 via SPAC. According to the companys website, it is on a mission to build the worlds most powerful computers to solve humanitys most pressing problems. Statements like this scream high risk, high reward to investors.

In 2021, Rigetti reported total revenue of $8.2 million and a gross profit of $6.2 million. This is YOY growth of 48% and 62% respectively for the young company.

I hope that youve found this article valuable for learning about the best quantum computing stocks to invest in! Please note that Im not a financial advisor and am just offering my own research and commentary. Please base all investment decisions on your own due diligence.

A University of Miami grad, Teddy studied marketing and finance while also playing four years on the football team. Hes always had a passion for business and used his experience from a few personal projects to become one of the top-rated business writers on Fiverr.com. When hes not hammering words onto paper, you can find him hammering notes on the piano or traveling to some place random.

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Encryption myths versus realities of Online Safety Bill – ComputerWeekly.com

UK politicians just like the rest of us rely on encryption all day, every day, to protect their physical safety, keep their conversations private, and safeguard their families and their finances.

But in their determination to criticise tech companies plans, notably Facebook, to make encryption more widely available, politicians appear to think that undermining digital safety for everyone is acceptable collateral damage.

Much of the debate has, understandably, centred on the importance of keeping children safe online. The NSPCCs head of child safety policy, Andy Burrows, has acknowledged that encryption offers privacy benefits, but says it puts children at risk if it is poorly implemented. But the government is not calling for end-to-end encryption to be better implemented it is calling for it not to be implemented at all.

Polemics make for bad policies. Here are the myths about encryption that the governments Online Safety Bill is founded upon:

Myth number one: This is just about encrypted messaging. No. Encryption secures data and communications, but also secures systems and objects that affect your physical world. It protects home security devices such as CCTV cameras and door locks and keeps snoopers away from childrens connected toys. The government cant legislate for a world in which technology ensures we have secure connected things, but not secure messages.

Myth number two: The Online Safety Bill does not weaken encryption. The bill would make providers of encrypted services criminally liable for the acts of their users. Imagine if supermarkets were made liable for crimes committed with kitchen knives they had sold they would stop selling knives rather than face the liability. The Bill creates a strong incentive for companies to weaken or remove encrypted services.

Myth number three: The Online Safety Bill creates a safe encryption backdoor for law enforcement. There is no feasible encryption backdoor that cant also be used by malicious actors. Despite having access to the best cryptographic expertise available, the government cannot come up with one, because safe encryption backdoor is an oxymoron.

We also know that law enforcement agencies have made exaggerated claims about encryption as an obstacle, and admit that often, the biggest hindrance to effective policing is technical capability, not encryption. Politicising and scapegoating encryption diverts attention and resources at a time when a National Audit Office report has highlighted other, more addressable, shortcomings in UK law enforcements technical capability.

Myth number four: Technical experts arent doing enough to help. In a bizarre twist, technologists are now being accused by the home secretary of failing in a duty of care to users by providing them with secure services. But technology stakeholders are contributing constructive, evidence-based proposals, including information on content moderation in encrypted systems, and mitigating terrorists use of encryption.

There are rumblings of dissent. Even the former head of GCHQ says that weakening security for everyone is not the solution. The Information Commissioners Office (ICO) also stepped into the encryption debate with an unequivocal endorsement of end-to-end encryption. The ICO isnt alone; in July 2020, data protection authorities from Australia, Canada, Gibraltar, Hong Kong, Switzerland and China (yes, China) published an open letter stating: Ease of staying in touch must not come at the expense of peoples data protection and privacy rights.

Once we, as citizens, allow those rights to be taken away, we will not get them back. In successive Queens Speeches, the government has, absurdly, claimed it wants to harness the benefits of a free, open and secure internet. Far from doing that, the Online Safety Bill undermines online security, jeopardises those benefits, and puts us all at greater risk in the real world and online.

Robin Wilton is director of internet trust at the Internet Society.

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Expanded Controls on Encryption Software Exports to Russia and Belarus – JD Supra

The U.S. Commerce Departments Bureau of Industry and Security (BIS) has adjusted U.S. export controls in ways that dramatically limit unlicensed supply to Russia or Belarus of many types of software with encryption functionality.

Exporters rely heavily on the Export Administration Regulations License Exception Encryption (ENC) to authorize supply of software with encryption functionality if the software falls into a licensable category (ECCN 5D002). In general, License Exception ENC no longer authorizes exports, reexports or in-country transfers of encryption software to parties in Russia or Belarus, even if the parties are private sector companies with no connection to military activity.

As BIS has amended the regulations, License Exception ENC now applies to exports, reexports and in-country transfers of encryption software to or within Russia or Belarus only if the export, reexport or in-country transfer is to a non-restricted civil end user in Russia or Belarus that is one of the following:

In addition, while exports, reexports and in-country transfers of encryption software that qualifies as a mass market product (ECCN 5D992) are not eligible for License Exception ENC, new licensing requirements do not apply to exports, reexports or transfers of such mass market encryption software to or within Russia or Belarus if the software is being sent to a non-restricted civil end user that meets one of the descriptions above.

In addition, exports, reexports and in-country transfers of mass market encryption software may be eligible for License Exception CCD if the exports, reexports or transfers are to independent non-governmental organizations or individuals who are not Russian or Belarusian government officials.

Although the new regulations were published on March 8, BIS has taken the position that they came into effect on March 3 (when the regulatory notice became publicly available online).

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