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Novel Thermometer Leads to Quantum Leap in Future Computing, Thermodynamics – Science Times

Swedish researchers developed a novel thermometercapable of fast measurement of temperatures with exceptional accuracy using quantum calculations.

The device, made at the Chalmers University of Technology in Gothenburg, is set to offer a reliable, accurate benchmark for quantum thermodynamics experiments. Such quantum computers include coaxial cables and waveguides that link the quantum processor with the rest of the controlling electronics components. Its microwave pulses pass through the waveguide onto the quantum processor while being cooled down to very low temperatures on its path. The waveguide would filter and reduce the force of the pulses, allowing the quantum computer to thrive in stable quantum states.

(Photo: Wikimedia Commons) A quantum simulator based on 11 superconducting qubits

To optimize control over the mechanism, the researchers must assure that the waveguides do not carry noise as a result of the electrons' thermal motion on the pulses they send. The electromagnetic fields' temperature needs to be measured at the cold portion of the microwave waveguide, where controlling pulses are sent to the computer's qubits. Such extremely low temperatures would lessen the risk of qubit errors.

ALSO READ: Quantum Computing: Trying to Scratch the Surface

Researchers have only been able to measure the temperatures indirectly with long delays. But with the novel thermometer, they could now measure the extremely low temperatures with great accuracy at the receiving side of the waveguide-all in very high resolution. A particular temperature would correspond to a certain amount of thermal photons, which decreases drastically with the temperature. Suppose lowering the temperature at the point where the waveguide links with the qubit at 10 millikelvins, the risk of error lowers dramatically.

According to Chalmers researchers, the thermometer, which is considered the world's fastest and most sensitive of its kind in the millikelvin scale, acts as a superconducting circuit linked to the end of the measured waveguide.

At the Wallenberg Centre for Quantum Technology, fellow researchers aim to develop a superconducting circuit-based quantum computerwith 100 working qubits performing precise calculations by 2030. In doing so, a near absolute-zero processor temperature, down to 10 millikelvins, is ideal. As such, the novel thermometer offers a dependable tool for gauging their systems' performance, which is necessary to enhance the technology.

Suppliers also need accuracy in temperature measurement to assure the high quality of the components, such as cables that are utilized to control signals on quantum states.

Superposition, decoherence, and entanglement are quantum mechanical phenomena that lead to a dramatic shift in both future computing and thermodynamics. When working at the nanoscale, thermodynamic laws would eventually evolve and be used to build powerful engines or quick-charging batteries, to name a few, such as the initiative pushed by the German Aerospace Center.

This prospect is promising, considering how this novel thermometer can determine the extent to how thermal microwaves scatter emanating from a circuit that acts as a quantum refrigerator or heat engine. As such, the thermometer is seen as essential and crucial in further enhancing quantum thermodynamics.

RELATED STORY: New Quantum Computer Application in Materials Science

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Quantum AI & Quantum Brain: The Imitation Game Of The Future – Analytics Insight

Quantum AI refers to the use of quantum computing for the computation of machine learning algorithms. With the computational advantages of quantum computing, quantum AI can now achieve results that were not possible with classical computers.

Alan Turing published a paper on Computing Machinery and Intelligence in 1950, and since then computers have come a long way. In the current modern age, computer limitations are gradually fading away, and machine learning has the ability to learn from its experiences. Traditionally, this type of intelligence was only achievable by using multiple computers and complicated machine learning algorithms. However, Nature Nanotechnology journal had a paper published recently where scientists proposed a new method designing a computer with embedded intelligence and using the atoms quantum spins to revolutionize computing as we know.

To understand this concept, let cover the basics of neuromorphic computing. In laymans language, neuromorphic computing attempts to imitate the way a human brain works. From a technical perspective, neuromorphic computing is concerned with computer engineering where the elements of a computer, both hardware, and software, are wired according to the human nervous system and cerebral system.

Engineers study several disciplines like computer science, biology, mathematics, electronic engineering, and physics to create accurate neural structures. Neuromorphic computing aims to create devices that can learn, retain information, and make logical deductions the way a human brain does, a cognition machine. Alongside, it also attempts to prove how the human brain works by scavenging new information.

As a step forward in artificial intelligence technology, neuromorphic computing allows robots embedded with small computing hardware to make their own decisions in the future.

The Quantum brain is a prime example of neuromorphic computing, the future of computing. Our human brains use signals sent by our neurons to make all kinds of computations. Similarly, the quantum brain uses cobalt atoms on a superconducting black phosphorus surface to imitate the process of human brain signals.

Cobalt atoms have quantum properties like unique spin states which carry information to stimulate neuron firing with applied voltages. This helped the atoms to achieve a self-adaptive behavior based on the external stimuli.

Artificial intelligence is an evolving technology, but it still has not overcome technological limitations. But with quantum computing, obstacles to achieving artificial general intelligence, AGI, can be discarded. Quantum computing can rapidly train machine learning models to generate optimized algorithms. Quantum computing can power an optimized and steady AI to complete analysis in a short time, as opposed to years of work that would delay any and all technological advancements.

According to researchers, a realistic aim for quantum AI is to replace traditional algorithms with quantum algorithms. These quantum algorithms can have several use cases to further advancements.

Developing quantum algorithms for traditional learning models can provide possible boosts to the deep learning training process. Quantum computing can help machine learning by presenting the optimal solution set of the weights of artificial neural networks, quickly.

When traditional decision-making problems are formulated with decision trees, the next course of action to reach the solution sets is by creating branches for a particular point. However, this method becomes complicated when the problem is too complex. Quantum algorithms can solve the problem faster.

Can neuroscience-inspired quantum computing and AI mesh? Yes, says several similarities between the brain and machine learning techniques like deep learning. Is that future near? Yes and no. Right now, the quantum AI industry needs to work to eliminate immaturities in the technology and achieve crucial milestones such as less error-prone and more powerful computing, developing the right AI applications where quantum computing can outperform traditional computing, and creating a widely adopted open-source modeling and training frameworks. These milestones will push quantum AI towards future developments.

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What Is SafeMoon? How to Buy the New Cryptocurrency – Newsweek

A new type of cryptocurrency called SafeMoon is gathering interest amongst enthusiasts, search trends show.

Little is known about the cryptocurrency so far, though developers have held live Ask Me Anything (AMA) meetings to answer some questions.

Launched this month, SafeMoon claims it will reward people who buy and hold on to the cryptocurrency and issue a penalty to those who sell it on.

This article is not intended as financial advice and should not be taken as such.

Its Facebook page states: "Remember, getting to the moon takes time and the longer you hold the more tokens you pick up."

Going "to the moon" is a phrase popularized in recent times by the WallStreetBets community on Reddit, who use it in reference to an asset price soaring.

The mechanism by which SafeMoon rewards participants involves issuing a 10 percent penalty tax fee on sellers and redistributing five percent of this to people who already own the currency.

One Reddit user claimed a whitepapera report that highlights the features of a product such as a cryptocurrencyis available on the website, but others said they had trouble accessing it.

The SafeMoon website appeared to be down at the time Newsweek tried to load it. The organization said website issues may occur due to "unexpected" demand.

To buy SafeMoon, cryptocurrency users have to buy a Binance Coin (BNB) first, and then essentially swap it for SafeMoon.

First, users must set up a crypto wallet in which their coins can be kept. For SafeMoon, either Trust or Metamask are the two wallets the organization says should be used.

SafeMoon states: "Set up your wallet to work on the Binance Chain Network. Buy BNB on your Binance account.

"Withdraw BNB to your wallet address and be sure to select the BSC Network (BEP20). Visit pancake swap. Connect your wallet to pancake swap. Before you swap please ensure you click the gear icon and set slippage to 11%. Press swap. Confirm the transaction on your wallet and hold!"

Some cryptocurrency enthusiasts are excited about the coin, whilst some are skeptical.

One reddit user said: "I completely agree that once they get listed on an exchange this could easily blow up."

YouTuber Xpod78 in a buying guide said: "This is so incredibly risky, this is like the top bar of risk you can get. Fully expect to lose every single dollar you put into it; I feel like that disclaimer is much needed."

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FBI Arrests 6 Over NH Cryptocurrency Business – NBC10 Boston

Six people were arrested in FBI raids in New Hampshire Tuesday as part of a crackdown on an allegedly unlicensed cryptocurrency exchange business based in Keene, authorities said.

Federal prosecutors say the New Hampshire residents operated a virtual currency exchange, in which people exchange cryptocurrency like Bitcoin for fiat currency like the U.S. dollar, but did so in violation of federal laws and rules that prevent money laundering. Some of the accused allegedly tried to hide the scheme as a religious institution.

Some of the accused "engaged in substantial efforts to evade detection of their unlawful virtual currency exchange scheme by avoiding answering financial institutions questions about the nature of the business and misleading financial institutions into believing their unlawful virtual currency exchange business was instead a religious organization receiving charitable contributions," according to the U.S. Attorney for the District of New Hampshire's Office.

In-depth news coverage of the Greater Boston Area.

All six of the people arrested in coordinated raids in Keene, Manchester, Nashua, Derry and Alstead face conspiracy to operate an unlicensed money transmitting business charges, prosecutors said. Some are facing wire fraud, money laundering and financial crimes charges.

Bitcoin and other crypto-currencies are all the rage, but what exactly are they, and how do they work?

Among the people arrested were Keene residents Nobody, who tried to run for mayor in 2019, and Aria DiMezzo, a Libertarian who secured the Republican nomination for sheriff of Cheshire County last year as a Satanist anarchist, according to The Boston Globe. DiMezzo lost in the general election.

Also arrested were Ian Freeman, a 40-year-old from Keene; Colleen Fordham, a 60-year-old from Alstead; and Renee Spinella, 23, and Andrew Spinella, 35, of Derry, prosecutors said.

It wasn't immediately clear if they had attorneys who could speak to the charges; they were due to appear before a federal judge Tuesday afternoon.

Their cryptocurrency exchange business, which wasn't named in a news release, started in 2016 and has exchanged over $10 million for virtual currency, prosecutors said.

Cryptocurrencies like Bitcoin and Ethereum have been gaining value in recent years as people find new ways to use them, as well as because of speculating on an expanding market. Their value is derived from their scarcity -- a set amount of Bitcoins exist, for example -- and the transparency they provide, since each transaction is recorded on a public ledger called the blockchain.

But the regulatory status of cryptocurrency remains in flux.

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How will cryptocurrency earnings be taxed? – Fox Business

Geltrude & Company founder Dan Geltrude provides insight into how cryptocurrency is taxed.

The phenomenon of underground cryptocurrency and its economic boom is raising questions as to how, or if, earnings are taxable.

Geltrude & Company founder and CPA Dan Geltrude explained to Cavuto: Coast to Coast Thursday that if crypto earnings areconsideredcapital gains, then they must be filed as such on a tax return.

Every time you use, lets say, Bitcoin, youre actually potentially triggering a taxable transaction, he said. Because when you use that Bitcoin if youre getting value greater than what you paid, what the basis was, its like a stock. You now have a gain and its taxable. So its got to be reported.

BITCOIN HITS $60,000 IN RECORD HIGH

According to Geltrude, the Internal Revenue Service (IRS) is hot on the issue. The Fraud Enforcement Office has launched Operation Hidden Treasure in search of unreported income in the form of transactional cryptocurrency.

1040 tax return forms for 2020 now question taxpayers if they have transacted in cryptocurrencies, Geltrude added, and prompt a signature under penalty of perjury.

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For Americans who have been paid in cryptocurrency, Geltrude explained thosetransactions becomea basis as would any other form of payment.

When you got paid, its no different than getting paid by credit card or cash, so whatever profit you had in the transaction, you pay there, he said.

Now youve received the Bitcoin, now you have to track what your basis is as of that transaction. Because when you go to use the cryptocurrency, you are creating potentially another taxable event. Its going to be nuts!"

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Decoded: What is a cryptocurrency and how does a blockchain work? – Business Standard

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is likely to be tabled in Parliament soon. While details of the Bill are not yet known, various voices from within the government have talked about imposing a blanket ban on cryptocurrencies or experimenting with them or allowing them in only limited and closely monitored scenarios.

But what is this currency thats making the world go round? To know, lets get back to basics. What is a cryptocurrency? Its a virtual currency. Every crypto-coin is a unique code, like the serial ...

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First Published: Sat, March 20 2021. 06:10 IST

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Cryptocurrency inflows hit record high of $4.2 bln, CoinShares says – Yahoo Finance

By Gertrude Chavez-Dreyfuss

NEW YORK, March 16 (Reuters) - Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed.

The previous high for crypto inflows was $3.9 billion in the fourth quarter of last year, driving total inflows for 2020 to $6.7 billion, the asset manager's data shows.

Bitcoin, the world's largest cryptocurrency in terms of market capitalization, has had the most inflows so far this year with $3.3 billion, while ethereum was second with $731 million.

Bitcoin hit a record high of $61,781.83 on Saturday, but has fallen since then as investors consolidated gains and amid plans by India to ban cryptocurrencies.

"As bitcoin moves into the mainstream and captures greater attention, it will likely draw further scrutiny from regulators in the United States and Asia," Jesse Cohen, senior analyst at Investing.com, said.

On Tuesday, the virtual currency was at $55,415.

"The potential for more scrutiny and tighter regulation remains the biggest headwind for bitcoin," Cohen added.

Crypto assets under management have also surged to a peak of $55.8 billion, CoinShares data showed. Last year, AUM for the sector reached $37.6 billion. Five digital asset investment providers now oversees assets of more than $5 billion.

Grayscale is still the largest digital currency manager, with $43.73 billion in assets, while CoinShares, the second biggest, oversees nearly $5 billion in assets.

CoinShares' analysis further showed investors continue to choose investment providers that simply track the price of digital assets, so-called passive funds, over those that have active management strategies.

Passive funds have AUM of $54.1 billion, compared with $786 million for those with active strategies. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Alexander Smith)

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Anger against tech giants led me to cryptocurrency: Nischal Shetty of WazirX – Mint

Nischal Shetty, founder and CEO of WazirX took to cryptocurrency after his previous business was hit by actions of global tech giants. A software engineer from Mumbai, Shetty shares his story with Mint. Edited excerpts:

Tell us about your background

Im a software developer. I grew up in Mumbai and studied engineering in Mangalore. I worked in a company in Bengaluru for 2 years before being hired by a start-up in Mumbai called Burrp.com in 2010. This is how I got introduced to the world of startups and entrepreneurship. On weekends I used to try different coding projects, just as a hobby. One of these was an app to manage social media, called Crowdfire. This was the early days of social media networks like Facebook and Twitter and we were able to spot ways in which users could improve their social media following. To give you an example, our app could identify all the followers of your competitors and follow them - thus making them aware of you and migrate to you. Crowdfire grew rapidly and I was able to quit my regular job and shift to managing it. Eventually however the western tech giants changed the rules and now you cannot really grow your social media following without paying them in some way. Crowdfire of course still exists in B2B format, but its previous individual-facing avatar is no more. It is this situation - dependence on centralised giant corporations that got me interested in cryptocurrency and blockchain which are by definition decentralised.

Why did you launch WazirX?

I began dabbling in crypto in 2017 and towards the end of the year I had identified several gaps in the market. There were long waiting times to buy bitcoin and spreads were too high. Bitcoin exchanges were faceless and this created a trust problem. I decided to launch an exchange and enter this space towards the end of that year. In this exchange, I was a very visible face and was available on social media from the inception. Initially I just put up a page announcing the launch and asking users to sign up - I got 20,000 signups with just that! WazirX was launched in March 2018, shortly before the RBI ban on crypto related payments. The ban actually became our opportunity. Established exchanges folded up or left India. We pivoted to a crypto-to-crypto model. Traders could still convert rupee to crypto and back on our exchange - it's just that the transactions were carried out through an escrow route rather than directly through our bank account. For example, if A wanted to buy crypto from B, the seller B would have to deposit crypto at our exchange which we held in escrow. Once B gave us confirmation that he had received the funds, we would release the crypto to A.

Tell us about why you sold the exchange to Binance in 2019

I was looking for global expertise and Binance fit that bill. There wasnt much innovation in crypto in India but there was plenty happening abroad. The Binance acquisition gave me access to all that. I also wanted to grow rapidly and growth needs capital. Binance was able to provide that. The acquisition has paid off in retrospect. Within 3 months of the it in December 2019, the Supreme Court lifted the RBI ban on crypto payments. Our users and volumes have exploded since then 20 to 30 times over. People were stuck home during the lockdown and took to crypto investing in a big way. We now have around 17 lakh users and weve added around 2 lakh even after the news of another alleged ban came out in February. In that month our volume was USD 2.5 billion and I expect around 60-70% of that was rupee-crypto volume and not just crypto-crypto.

Why shouldnt India ban cryptocurrency?

Cryptocurrency works on network effects and those effects have already begun working, without Indian participation. Network effect means that as more and more people use a thing, applications and use cases related to it become more and more cost effective, in turn spreading it further. Secondly cryptocurrency is a 1.7 trillion USD market, just a little short of Indias current GDP. If we really want to reach a $5 trillion economy, can we do it without participating in this vast market? Third, our nations success in the past 3 decades has come from software. I dont think that we can continue to be a software powerhouse if we neglect the next big shift in tech - blockchain and cryptocurrency. Last but not least, around 1 crore Indians have already invested in cryptocurrency and around 10,000 crore worth of Indian assets are in it. Around 340 startups in India are in this field. There is an entire ecosystem around cryptocurrency in India - do we really want to destroy it? Coinbase an exchange that is supposed to go for an IPO soon in the US is valued at $68 billion. India should also create billion dollar startups. If cryptocurrency isnt banned in India, WazirX could be Indias first crypto unicorn.

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BitcoinBuyersGuide Introduces the Most Advanced Exchange Filter in the Cryptocurrency Industry – PRNewswire

ZURICH, March 17, 2021 /PRNewswire/ --With the increasing demand for Bitcoin and other cryptocurrencies, the need for an easy solution to find the best exchange has become more obvious than ever.

Recently, Bitcoin Buyers Guide, a crypto reviews network, has launched the most advanced crypto exchange search filter. The search filter consists of numerous triggers and options in order for potential newcomers to the industry to avoid illicit exchanges and brokers.

The glossary behind the filter consists of machine learning algorithms that study the behavior of every cryptocurrency enthusiast and is able to return the most suitable broker or exchange for that particular user.

The website provides a list of top-rated exchanges that corresponds to the selected categories. The selector is comprised of the following options:

Derivatives TradingOptions TradingSpot TradingUser CountryDeposit Options

And can grade brokers by the following criteria:

AnonymityCopy-TradingFeesRegulationSecurityUser-friendlinessDeposit and Withdrawal methodsTrading InstrumentsUser Experience

Thanks to the exchange filter, now every newcomer to the crypto industry can freely explore and find the best options for his needs, avoiding many hours of research that must be done to make the best choice of a broker.

About the company

Bitcoin Buyers Guide is an award-winning research agency, which has reviewed and graded the most prominent cryptocurrency trading brokers. With over 60 reviews and multiple ratings for different exchanges, BitcoinBuyersGuide is aiming to provide the most comprehensive review and guide for newcomers to the crypto trading industry. With years of experience and research, the information on display is of high quality. There are more than 10 000 hours put into researching exchanges and the crypto market as a whole.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

SOURCE Bitcoin Buyers Guide

https://bitcoinbuyersguide.com/

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Cashing in on bitcoins: French government to pocket $30 mn from first-ever cryptocurrency auction – Economic Times

Paris, March 17, 2021 -Governments might look askance at bitcoin, but it does not mean they do not want to cash in on its soaring value and France is set to pocket nearly $30 million from its first-ever action of the cryptocurrency, a minister said on Wednesday.

The sale was of more than 600 coins seized as part of an investigation and were valued at more than $30 million based on current market prices.

Held online by the Kapandji Morhange auction house, the sale attracted nearly 1,600 bidders.

"It's a sale that will raise 24 million euros ($29 million) in proceeds for the government", the minister of public finances, Olivier Dussopt, told the television channel, BFM Business, at the end of the auction.

When preparations got underway in September, bitcoin was trading around $10,000, far from the $60,000 it struck over the weekend, putting the sale of 611 coins in an altogether different league.

When bidding began at 9:00 am (0800 GMT), the starting price stood at 23,250 euros per coin, but most of the coins sold for around 40,000 euros apiece, more or less in line with the current market price minus exchange rate rates and commission.

No information has been disclosed about the provenance of the bitcoins as the legal process is underway.

If the defendant wins, they'll receive the funds from the auction minus commissions paid to the auction house.

Otherwise, the French state will pocket any money not awarded by the court to victims or charity.

France is far from the first to auction cryptocurrencies, with the United States doing so in 2014, followed by Canada, Australia, Belgium and Britain, according to the auction house.

Entrepreneurs are a high-risk group whenever the markets catch a cold. Heres how they invested to keep themselves, and their companies, in the pink of health.

Jyotsna Uttamchandani, Executive Director, Syska GroupIf I had to stress about investing in something this year, it would be health. A gym, at this point, is accessible to us on our smartphones. We can always do group exercise classes online or even group challenges for steps with our friends. From a business point of view, investing in AI solutions to drive productivity will be a year-round focus. It will prioritise product sales, optimise our pricing, and provide seamless forecasting.

Gautam Das, CEO, Oorjan CleantechI have participated in almost 50 marathons, including an 87-km comrade run. Spending time outdoors running, doing yoga or meditation, swimming or playing a sport is how I invest in my mental and physical well-being. Good health is the biggest wealth. I believe in financial investments in new ventures that create value and jobs. Success and money are the by-products.

Dhruvil Sanghvi, CEO, LogiNextIn 2021, I am going to double down on efforts to maintain good health by regular exercise and meditat ion. For our employees too, we are envisaging more ways for people to invest in their mind and body. As for wealth, I actively help upcoming technology entrepreneurs with mentorship and angel investments. Ill be expanding horizons here to build more pathbreaking global companies from India.

Ameera Shah, MD, Metropolis HealthcareLife is all about tradeoffs. Keep a mental and emotional balance and deal with your anxiety in a positive way. Regular exercise and spending quality time nurturing myself and my family are some of my priorities. On wealth, for those investing in markets, it is better to be diversified and to stay liquid. For entrepreneurs, there needs to be a strong back-up plan. Wealth-creation is a process, but solving customer problems and impacting lives positively is the true purpose.

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