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Physicist Chen Wang Receives DOE Early Career Award – UMass News and Media Relations

The U.S. Department of Energy (DOE) announced this week that it has named 76 scientists from across the country, including assistant professor of physics Chen Wang, to receive significant funding for research with its Early Career Award. It provides university-based researchers with at least $150,000 per year in research support for five years.

DOE Under Secretary for Science Paul Dabbar says DOE is proud to support funding that will sustain Americas scientific workforce and create opportunities for our researchers to remain competitive on the world stage. By bolstering our commitment to the scientific community, we invest into our nations next generation of innovators.

Wang says, I feel very honored to receive this award. This is a great opportunity to explore a new paradigm of reducing error for emerging quantum technologies.

His project involves enhancing quantum bit (qubit) performance using a counter-intuitive new approach. He will harness friction usually an unwelcome source of error in quantum devices to make qubits perform with fewer errors. The work is most relevant for quantum computing, he says, but potential applications include also cryptography, communications and simulations.

One of the basic differences between classical and quantum computing which is not in practical use yet is that classical computers perform calculations and store data using stable bits labeled as zero or one that never unintendently change. Accidental change would introduce error.

By contrast, in quantum computing, qubits can flip from zero to one or anywhere between. This is a source of their great promise to vastly expand quantum computers ability to perform calculations and store data, but it also introduces errors, Wang explains.

The world is intrinsically quantum, he says, so using a classical computer to make predictions at the quantum level about the properties of anything composed of more than a few dozens of atoms is limited. Quantum computing increases the ability to process information exponentially. With every extra qubit you add, the amount of information you can process doubles.

Think of the state of a bit or a qubit as a position on a sphere, he says. For a classical bit, a zero or one is stable, maybe the north or south pole. But a quantum bit can be anywhere on the surface or be continuously tuned between zero and one.

To address potential errors, Wang plans to explore a new method to reduce qubit errors by introducing autonomous error correction the qubit corrects itself. In quantum computing, correcting errors is substantially harder than in classical computing because you are literally forbidden from reading your bits or making backups, he says.

Quantum error correction is a beautiful, surprising and complicated possibility that makes a very exciting experimental challenge. Implementing the physics of quantum error correction is the most fascinating thing I can think of in quantum physics.

We are already familiar with how friction helps in stabilizing a classical, non-quantum system, he says, such as a swinging pendulum. The pendulum will eventually stop due to friction the resistance of air dissipates energy and the pendulum will not randomly go anywhere, Wang points out.

In much the same way, introducing friction between a qubit and its environment puts a stabilizing force on it. When it deviates, the environment will give it a kick back in place, he says. However, the kick has to be designed in very special ways. Wang will experiment using a super-cooled superconducting device made of a sapphire chip on which he will deposit a very thin patterned aluminum film.

He says, Its a very difficult challenge, because to have one qubit correct its errors, by some estimates you need tens to even thousands of other qubits to help it, and they need to be in communication. But it is worthwhile because with them, we can do things faster and we can do tasks that are impossible with classical computing now.

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Teleportation Is Indeed Possible At Least in the Quantum World – SciTechDaily

Quantum teleportation is an important step in improving quantum computing.

Beam me up is one of the most famous catchphrases from the Star Trek series. It is the command issued when a character wishes to teleport from a remote location back to the Starship Enterprise.

While human teleportation exists only in science fiction, teleportation is possible in the subatomic world of quantum mechanicsalbeit not in the way typically depicted on TV. In the quantum world, teleportation involves the transportation of information, rather than the transportation of matter.

Last year scientists confirmed that information could be passed between photons on computer chips even when the photons were not physically linked.

Now, according to new research from the University of Rochester and Purdue University, teleportation may also be possible between electrons.

A quantum processor semiconductor chip is connected to a circuit board in the lab of John Nichol, an assistant professor of physics at the University of Rochester. Nichol and Andrew Jordan, a professor of physics, are exploring new ways of creating quantum-mechanical interactions between distant electrons, promising major advances in quantum computing. Credit: University of Rochester photo / J. Adam Fenster

In a paper published in Nature Communications and one to appear in Physical Review X, the researchers, including John Nichol, an assistant professor of physics at Rochester, and Andrew Jordan, a professor of physics at Rochester, explore new ways of creating quantum-mechanical interactions between distant electrons. The research is an important step in improving quantum computing, which, in turn, has the potential to revolutionize technology, medicine, and science by providing faster and more efficient processors and sensors.

Quantum teleportation is a demonstration of what Albert Einstein famously called spooky action at a distancealso known as quantum entanglement. In entanglementone of the basic of concepts of quantum physicsthe properties of one particle affect the properties of another, even when the particles are separated by a large distance. Quantum teleportation involves two distant, entangled particles in which the state of a third particle instantly teleports its state to the two entangled particles.

Quantum teleportation is an important means for transmitting information in quantum computing. While a typical computer consists of billions of transistors, called bits, quantum computers encode information in quantum bits, or qubits. A bit has a single binary value, which can be either 0 or 1, but qubits can be both 0 and 1 at the same time. The ability for individual qubits to simultaneously occupy multiple states underlies the great potential power of quantum computers.

Scientists have recently demonstrated quantum teleportation by using electromagnetic photons to create remotely entangled pairs of qubits.

Qubits made from individual electrons, however, are also promising for transmitting information in semiconductors.

Individual electrons are promising qubits because they interact very easily with each other, and individual electron qubits in semiconductors are also scalable, Nichol says. Reliably creating long-distance interactions between electrons is essential for quantum computing.

Creating entangled pairs of electron qubits that span long distances, which is required for teleportation, has proved challenging, though: while photons naturally propagate over long distances, electrons usually are confined to one place.

In order to demonstrate quantum teleportation using electrons, the researchers harnessed a recently developed technique based on the principles of Heisenberg exchange coupling. An individual electron is like a bar magnet with a north pole and a south pole that can point either up or down. The direction of the polewhether the north pole is pointing up or down, for instanceis known as the electrons magnetic moment or quantum spin state. If certain kinds of particles have the same magnetic moment, they cannot be in the same place at the same time. That is, two electrons in the same quantum state cannot sit on top of each other. If they did, their states would swap back and forth in time.

The researchers used the technique to distribute entangled pairs of electrons and teleport their spin states.

We provide evidence for entanglement swapping, in which we create entanglement between two electrons even though the particles never interact, and quantum gate teleportation, a potentially useful technique for quantum computing using teleportation, Nichol says. Our work shows that this can be done even without photons.

The results pave the way for future research on quantum teleportation involving spin states of all matter, not just photons, and provide more evidence for the surprisingly useful capabilities of individual electrons in qubit semiconductors.

References:

Conditional teleportation of quantum-dot spin states by Haifeng Qiao, Yadav P. Kandel, Sreenath K. Manikandan, Andrew N. Jordan, Saeed Fallahi, Geoffrey C. Gardner, Michael J. Manfra and John M. Nichol, 15 June 2020, Nature Communications.DOI: 10.1038/s41467-020-16745-0

Coherent multi-spin exchange in a quantum-dot spin chain by Haifeng Qiao, Yadav P. Kandel, Kuangyin Deng, Saeed Fallahi, Geoffrey C. Gardner, Michael J. Manfra, Edwin Barnes, John M. Nichol, Accepted 12 May 2020, Physical Review X.arXiv: 2001.02277

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Docuseries takes viewers into the lives and labs of scientists – UChicago News

The camera crew was given full access to Earnest-Nobles research. In several scenes, Earnest-Noble is suited up in white PPE in the Pritzker Nanofabrication Facility in the Eckhardt Research Center. His scientific process and the breakthrough he seeks are depicted with animations and close-up footage of the state-of-the-art facilities. The filmmakers capture Earnest-Noble in the midst of a failed attempt or among his graveyard of failed quantum devices. As he embraces his doubts and is propelled by tenacity, viewers witness an emotional depiction of real science.

Earnest-Nobles lively interviews focus on the experience versus the result of his labors, providing a realistic portrayal of graduate studies and enabling viewers to follow him to his goal of identifying the ideal qubit for superpositiona phenomenon in quantum mechanics in which a particle can exist in several states at once.

When we were filming, I was trying to explain a qubit or something, and how much I was using jargon words was eye-opening to me. It helped me appreciate the challenge of making science understandable, said Earnest-Noble, who is now a quantum computing researcher at IBM. Science is a process far more than a series of facts. That became clear to me from working on this project.

Science communications typically takes a very long struggle of discovery and wraps it up into a pretty package, said Schuster. But something I found very special in this story is that you got to follow Nate for a couple of years. It accurately captured what Nates experience was like. And it focused on his experience, and not on the result, which is pretty amazing."

STAGEs director of science Sunanda Prabhu-Gaunkar originally joined the STAGE lab as a postdoc, and taught herself filmmaking in order to create the series. The scientific process inspires our filmmaking, she said. The workflow embraces failure, remains receptive to discoveries through iteration, and allows for risk-taking, all within a highly collaborative process.

Ellen Askey, the pilot episodes co-director, joined the project as a first-year student at UChicago with prior filmmaking experience. She worked on the series across her college career, graduating in June with a degree in cinema and media studies. Showing a story develop over time can be powerful, she said. We hope to get it out there to a lot of people who are and who are not yet interested in science.

Interested attendees can register through Eventbrite.

Adapted from an article by Maureen McMahon posted on the Physical Sciences Division website.

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Cambridge Innovation Capital plc: Annual results for the year ended 31 March 2020 – PharmiWeb.com

Expansion to 30 portfolio companies and 46% increase in net asset value, reinforcing CICs position as the most active series A investor in the Cambridge ecosystem

22 June 2020

Cambridge Innovation Capital plc (CIC), the venture capital investor enabling visionaries to build global, category-leading companies in the Cambridge ecosystem, today announces highlights from its annual results for the year ended 31 March 2020.

Andrew Williamson, Managing Partner of CIC, commented: Despite the recent challenges posed by the global coronavirus pandemic, we have made tremendous progress during the year. Our portfolio now includes one company valued in excess of 1 billion and another that has listed on Nasdaq, our first IPO. We have expanded the number of companies in, and value of, our portfolio, enhanced our potential deal flow with the creation of two accelerators and augmented our team to support the growth of the business.

Highlights

Net assets grew by 46% to 301.7 million at 31 March 2020 (2019: 206.4 million)

35.7 million (2019: 44.9 million) invested into four new and 12 existing portfolio companies, bringing the total invested to 163.0 million in 30 companies (2019: 127.3 million in 26 companies)

A fair value increase of 69.5 million (2019: 30.7 million) which, together with investments, resulted in a portfolio value of 291.5 million (2019: 186.3 million)

42.5 million (2019: 38.6 million) drawn down from the 150 million committed by shareholders in the year ended 31 March 2019

Welcomed Riverlane, Sense Biodetection, PredictImmune and Immutrin to CICs family of portfolio companies (and PetMedix post-period)

Bicycle Therapeutics conducted its NASDAQ IPO to progress its programmes, including toxin drug conjugates and immune modulators, to treat cancer and other debilitating diseases

CMR Surgical closed a 195.0 million Series C funding round to commercialise its next generation surgical robotic system

Expanded our team with the appointment of Vin Lingathoti as a Partner in our investment team, Nick Richards as General Counsel and Michelle Lamprecht as Head of Marketing

Further details

Bicycle Therapeutics, where we participated in its Nasdaq IPO to progress the companys pipeline of Bicycle Toxin Conjugates and Immune Cell Agonists to treat cancer and other debilitating diseases. Bicycle Therapeutics is the first company in our diverse portfolio to conduct an IPO and exemplifies the way in which we support the transformation of exciting, early-stage companies from the Cambridge ecosystem as they develop into global, category-leading companies.

CMR Surgical, which closed a 195 million Series C funding round, Europes largest private financing round in the medical technology sector, to commercialise its next-generation surgical robotic system, Versius. We were an early investor in CMR Surgical, having first invested in the companys Series A round in 2016, and we have continued to provide financial support and guidance to the company, enabling the realisation of the potential of the Versius system. The proceeds will be used to drive the next stage of CMR Surgicals growth, including the planned commercialisation of its Versius system, while supporting continued research and development, manufacturing and expansion.

AudioTelligence, in which we participated in a 6.5 million Series A funding. AudioTelligence is dedicated to making speech clear and intelligible in a noisy world. While the adoption of voice-activated technologies in smart homes and workplaces is on the rise, the accuracy of modern speech recognition systems remains severely limited in noisy environments. To tackle this problem, AudioTelligences technology acts like autofocus for sound, using data-driven blind audio signal separation to focus on the source of interest, allowing it to be separated from interfering noises. This enables microphones to focus on what users are saying, improving the audio quality for listeners, regardless of background noise.

Cytora, which closed a 25 million Series B financing round, to continue developing its artificial intelligence-powered insurance technology platform that enables insurers to underwrite more accurately, reduce frictional costs and achieve profitable growth. Cytoras underwriting platform applies Machine Learning and Natural Language Processing techniques to public and proprietary data sets, including property construction features, company financials and local weather. The platform combines these data sets with an insurance companys internal data to better predict risk, thereby ensuring more accurate risk pricing.

Riverlane, a quantum computing software developer transforming the discovery of new materials and drugs. We led the 3.3 million seed round in which Cambridge Enterprise, the commercialisation arm of the University of Cambridge, also participated. Riverlanes software leverages the capabilities of quantum computers, which operate using the principles of quantum mechanics. In the same way that graphics processing units accelerate machine learning workloads, Riverlane uses quantum computers to accelerate the simulation of quantum systems. Riverlane is working with leading academics and companies on critical early use cases for its software, such as developing new battery materials and drug treatments.

Sense Biodetection, in which we co-led the 12.3 million Series A funding round alongside Earlybird, to develop a portfolio of instrument-free, point-of-care molecular diagnostic tests, a pioneering new class of diagnostic product. Sense Biodetection plans to invest the new funds in the development and manufacture of a range of tests utilising its novel and proprietary rapid molecular amplification technology, targeting in the first instance infectious disease applications such as COVID-19 and influenza. Instrument-free molecular diagnostics represent the ultimate flexible test format as the tests could be deployed in any setting and by a wide range of potential users. This has the potential to be transformational for the diagnostic industry, delivering for the first time true point-of-care testing in a market-successful, single-use product format, allowing diagnostic tests to be readily adopted by new users and scaled to meet demand.

During the year we also announced the launch of Start Codon and established DeepTech.labs, two new accelerators that are focused on accelerating the translation of world-class research into commercially successful companies. The Cambridge ecosystem has already produced over a dozen billion-pound businesses and we believe that these accelerators will be important facilitators in creating many such further successes. We are extremely proud to be founders and co-owners and we eagerly await the world-class businesses that will emerge from their programmes in the future.

Post-period Highlights

We invested in PetMedix, a Cambridge, UK-based biopharmaceutical company developing antibody-based therapeutics for companion animals and our first investment in the animal health space. PetMedix has developed an innovative platform for the creation of naturally generated, fully species-specific therapeutic antibodies, enabling the discovery of its own veterinary medicines to target some of the most important clinical areas in animal health.

Inivata, a leader in liquid biopsy, formed a strategic collaboration with NeoGenomics, Inc (NASDAQ: NEO), for the commercialisation of its InVisionFirst -Lung liquid biopsy test in the US. NeoGenomics is a leading US-based cancer diagnostics and services company, and an established player in the field with significant commercial reach and scale. NeoGenomics also made a $25 million equity investment in Inivata and an option to acquire the company outright. The new funding will be used to accelerate the companys innovative liquid biopsy products, including further development work on RaDaR, the newly launched highly sensitive personalized assay for the detection of residual disease and recurrence.

Microbiotica entered a major collaboration with Cancer Research UK and Cambridge University Hospitals NHS Foundation Trust (CUH) to identify and develop microbiome co-therapeutics and biomarkers for cancer patients receiving immune checkpoint inhibitor therapy. The collaboration is based on clinical studies conducted by CUH that evaluate immune checkpoint inhibitor drug response in cancer patients, combined with Microbioticas unrivalled microbiome profiling and analysis capability.

A consortium led by Riverlane has been awarded a 7.6 million grant from the government's Industrial Challenge Strategy Fund to deploy a highly innovative quantum operating system. The project will deliver an operating system that allows the same quantum software to run on different types of quantum computing hardware. The aim is to install Deltaflow.OS, a quantum operating system, on every quantum computer in the UK, thereby accelerating the commercialisation of the UKs quantum computing sector.

Exvastat has been awarded a 3.6 million grant from the European Commissions Innovative Medicines Initiative to fund a clinical study of Imprenti, an intravenous formulation of imatinib, in the treatment of COVID-19-associated Acute Respiratory Distress Syndrome (ARDS). Under the award, Exvastat will collaborate with Vrije Universitat Amsterdam, the Amsterdam Medical Center, KABS Pharmaceutical Services of Canada and the clinical research organisation, Simbec-Orion.

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Should children be taught quantum computing and other sciences that are studied in college? – Explica

For parents who can afford it, companies are offering cutting-edge technology courses. But are they worth it?

Education is very much on the minds of many parents, particularly if, in times of coronavirus, they have had to deal with home classes.

But what topics should young people study that can help them prepare for the future?

Several parents enrolled their children in The Knowledge Society, TKS (something like the Knowledge Society), a part-time school for teens, which gives them the opportunity to learn things not taught in a traditional school.

In my regular school we dont talk about cryptography or quantum computing, they are not in the curriculum, so for years I had to find time to learn these subjects alone, says Jack McDonald, 15, one of the young people who they are part of the project.

Jack was enrolled by his parents, Tim and Kelly. Before learning about TKS, the teenager was interested in becoming a neurosurgeon.

TKS was recently declared as One of the schools of the future by the World Economic Forum, which mainly offers training programs in Artificial Intelligence, among other technology-related programs.

Classes at this school have around 40 students and have sessions twice a week, each lasting three hours.

And it is not a cheap program: the annual registration has a cost that goes from $ 5,000 dollars at $ 8,000 dollars, depending on the city from where it is taken.

McDonald Family Jacks parents wanted him to learn subjects beyond school classes.

Programs currently offered in various US cities are expected. expand to Latin America in 2021 (Courses are being advanced virtually due to the coronavirus pandemic).

The TKS program focuses on nearly 40 areas, including 3D printing, bionics, wireless electricity, and more. And it can last for three years.

But, Should schools offer areas of specialization so ambitious?

Matthew McKean, director of education for the Conference Board of Canada (the most important independent investigative body in that country), you are not so sure.

We run the risk of teaching young people to use technologies that may be obsolete by the time they enter the workforce, said McKean, who added that human skills, such as communicating or building relationships, are more durable and transferable.

Also, how many people need to learn how to code or program, for example?.

McKean argues that automation and emerging technologies will only increase the need for a deeper understanding of the human.

Our research confirms that the future of learning and work its social and emotional, not technical. Employers increasingly ask for human skills, such as social and emotional intelligence, collaboration, creativity, intercultural competencies, relationship building, resilience and adaptability, which places new demands on our skill training systems, said the expert.

For his part, David Shrier, a professor at the Massachusetts Institute of Technology (MIT), indicates that schools like TKS are important to stimulate young people in science, technology, engineering and mathematics.

A 13-year-old boy learning genetics is a very good starterHe explained. But it must be done without ignoring the argument that his field of research could be totally different in three or four years.

What are you going to do if you dont have a strong foundation for critical thinking?

JEREMIE DUPONT Currently TKS operates in Canada and the United States.

One of the founders of TKS, Nadeem Nathoo, points out that his particular system also teaches critical thinking.

And he notes that the courses teach young people how to organize and write their thoughts, as well as how to speak in public.

But he defends the direct study of technical areas.

If they were not exposed to this type of content or problems in TKS, it would not be realistic to think that they can solve them , Nathoo pointed out.

I think we need to train on the intention of solving technical problems from an early age, showing them that these problems exist and that they have the power to tackle them, he added.

Now, is this model one that impresses employers in high-tech companies, who have to choose from multiple talented graduates?

Anne Martel, co-founder of Element AI, that adapts Artificial Intelligence to be used in business, believes that a degree in computer literacy and problem solving skills should be the priority for the youngest.

And he thinks that learning about advanced technologies can be a good way to do it.

When we teach our children about Artificial Intelligence, we teach them a technical language and we lead them into the field of probability and statistics. I think that is incredibly relevant to their future, he said.

Element AIAnne Martel seeks curiosity, creativity and value.

Although she welcomes the specialized technology courses offered by TKS, she indicates that the ranges of skills to be learned need to be expanded, to include aspects such as curiosity and creativity, which are things that she takes into account when hiring someone. .

The TKS its certainly expensive And many outstanding students could expect to excel in their fields without spending all that money.

But Nathoo argues that about half of the students earn paid internships that cover the cost of tuition in less than a year.

And is it really healthy for teens to spend seven days a week studying?

I think there is a misconception that this is like a sweatshop for children. Its not like that. They love doing this, Nathoo defended.

There is no pressure on them, But it is a school for people who want to accelerate their trajectory, and we are going to take advantage of its potential.

Jack McDonalds parents say their son spends 15-20 hours a week at his TKS job, adding to his usual school hour load.

It is definitely not a model fit for all children.

But for Jack, its more valuable than all the rest of my education put together

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Should children be taught quantum computing and other sciences that are studied in college? - Explica

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Canadas 5G Moment Of Truth – Forbes

Its like an episode from Homeland.

In December 2018 Canadian officials arrested Meng Wanzhou, the CFO of Chinas biggest telecom equipment company Huawei, following an extradition request from the United States. The charge against Meng was violating sanctions against Iran, but she is no ordinary corporate executive.Shes also the daughter of Huawei founder and CEO Ren Zhengfei, which meant Beijing was bound to fire back.

So nine days later two Canadians, former diplomat Michael Kovrig and entrepreneur Michael Spavor, were sandbagged by Chinese police.Theyve been held without charges ever since.In January Canadian embassy officials were denied access to both men, on the flimsy excuse of COVID restrictions.

Now after 550 days in prison without access to lawyers or family, Kovrig and Spavor have been charged with espionage.No one is fooled by this charade.Canadian Prime Minister Justin Trudeau has said Chinese officials made it clear the twin arrests were retaliation for Mengs arrest: and that their fate depends on what happens to Meng (a Canadian court had ruled in May that her extradition process will continue).

Theres much more at stake here than just Cold War-style spy versus spy tit-for-tat, however.The arrests come against the backdrop of Americas push to keep its closest allies, including Canada, from allowing Huawei to build their future 5G wireless networks. If Canada joins the Huawei bandwagon, that would significantly bolster Chinas bid to dominate this technology for the rest of this century.

In short, the Kovrig and Spavor ordeals are part of Beijings effort to bully Canada into line, even though the evidence continues to mount of Huaweis working with Chinese government-backed spying and cyber mischief (Huawei has repeatedly denied such charges).Innovation, Science, and Industry minister Naveep Bains has admitted publicly that the Chinese have been applying pressure to make Canada adopt Huawei's 5G technology. The charges against Kovrig and Spavor are just the latest push.

Beijing knows getting Canada to give way would drive a wedge into the U.S.-Canada strategic alliance. Although Huawei once supplied Canadas 4G LTE wireless networks, giving the tech monolith access to 5G would have far more serious security consequences. It might even threaten Canadas status as a member of the ultra-exclusive Five Eyes intelligence network, which includes Britain, Australia, and New Zealand (both Australia and New Zealand have joined the U.S. in banning Huawei from developing 5G, while Britain has avoided an outright ban by limiting Huaweis future role out of security concerns).

Fortunately, Washington and Ottawa both realize the big stakes involved in the Kovrig-Spavor case.Secretary of State Mike Pompeo said in a statement on Monday, These charges are politically motivated and completely groundless. The United States stands with Canada in calling on Beijing for the immediate release of the two men and rejects the use of these unjustified detentions to coerce Canada."

Prime Minister Trudeau has been unbowed by Beijings bullying, while Canadas telecom carriers are also moving in the right direction. This month Telus announced it will use Western companies Ericsson and Nokia, not Huawei, for its 5G buildout; Bell Canada and Rogers Communications are also working with Ericsson to roll out their 5G networks (Bell Canada also has an arrangement with Nokia).

If Canada continues to stand firm, the U.S.-Canada alliance will score a double win.

First, telling Beijing and Huawei where to get off will encourage Britain to do the same, and bolster Australia and New Zealands commitment to the Huawei ban.

Second, Canada is Americas perfect ally for securing 5G with the virtually unhackable security systems of the future, using quantum technology such as Quantum Key Distribution (QKD) and advanced software solutions that will stand up against attacks by a future quantum computer. For example, the Canadian company ISARA Corporation has been developing and deploying algorithms that will protect against quantum assault.The Institute for Quantum Computing at the University of Waterloo-Ontario, which was founded by Blackberry co-founder Mike Lazaridis, has been leading the world on cutting-edge developments in quantum technology, that would benefit both U.S. companies and the U.S. government.

Canada is also a leading developer of artificial intelligence technology, which will be crucial for building strong resilient 5G networks.

Full disclosure: Ive been working for the past three years to build a broad-based U.S.-Canada alliance in quantum technology. By defying Huawei and Beijings blackmail, Ottawa will signal that our two nations are destined to be invincible partners on the high-tech frontier, not only for 5G but for our quantum future.

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Protesters Around The World Are Putting Their Hopes Into Cryptocurrency – Forbes

SYNTAGMA SQUARE, ATHENS, ATTICA, GREECE - 2015/07/15: A protester advertises Bitcoin at the ... [+] anti-austerity protest outside the Greek Parliament in Athens. Molotov cocktails, tear gas and stun grandees were thrown by protesters and police when an anti-austerity protest outside the Greek parliament turned violent. The protest was hold while the Greek parliament was voting on new austerity measures. (Photo by Michael Debets/Pacific Press/LightRocket via Getty Images)

Cryptocurrencies have always had staying power due to institutional and retail investors as well as its traction as a digital means of exchange. Yet its uncensorable nature, and the potential of having relatively private transactions as well as an alternative to fiat currencies has lent itself well, in theory, to protest movements that are threatened by the use of state force.

In a world being swept by protest, some of that potential is manifesting itself now. At a recent protest for Black Lives Matter, one of the speakers talked about bitcoin as an alternative for the financial systems that had oppressed them for so long. Chinese netizens have used ethereum to make sure that messages that would otherwise be censored in online protest could live as long as possible, secured by a network of coordinating nodes. In Hong Kong, cryptocurrency has helped finance the distribution of supplies to protestors and when protestors sought to switch out from Hong Kong dollars to demonstrate their opposition to the erosion of fundamental rights, some of them thought of bitcoin as an alternative.

Some protests seemed focused on the very ills cryptocurrency first arose in opposition to: an out-of-control and out-of-touch monetary system controlled by the very few and designed to benefit those closest to the halls of power. In Lebanon, a funeral was held for the Lebanese pound, and a branch of the central bank was burned down in Tripoli. Yet, cryptocurrency adoption there is low, and the demand seems to be driven to the USD as a safehaven, not towards cryptocurrencies directly.

Some of this shows the difference between the ideals and where cryptocurrencies are now in practice. Yet, sparks are coming up. Art collectives are using blockchain to protest in the United States. People are mining monero with the intent of providing funds for bail.

This doesnt just extend to just individuals who are protesting. Organizations such as the Catalonia government were using bitcoin to finance and fund independence referendums. Declared illegal after it was enacted, the Spanish government alleged that the Catalonia movement was using bitcoin to hide its expenses but it would have made little sense, in any case, to conduct financial transactions with the ledger of trust that constitutes to the Spanish and European financial system that was going to smash the Catalonian referendum.

Catalonia is also a hub for the decentralized web and mesh networks that exist somewhat independent of centralized telecommunications providers. In many ways, technology is now enabling the underlying democratic and political preferences of people even if the fullest extent of their political aspirations are not permitted under the geographic legal boundaries they live in something that forms the blunt foundation for protests.

As we live in a world where digital transactions and currencies are increasingly being adopted by the state from China, to the EU, to the United States and around the world as a more efficient means of exchange, cryptocurrencys rare ability to hold value outside of the context of centralized monetary authorities (often aligned in policy with their political peers, or in the case of China, subordinated to them) and private banking systems that must stay utterly loyal to the state is starting to show its value.

Weve seen governments from Iran to Venezuela to China censor the Internet and the free flow of information whenever it was convenient for them, or wherever would best consolidate the power of these respective states. They are likely to do the same with any digital means of exchange directly under their control, and have much more granular control over rewarding and punishing those who deviate from central state ideology.

As a result, protestors and protest movements around the world are starting to put their faith in cryptocurrencies. The uncensorable nature of cryptocurrencies as well as its decentralized peer-to-peer networks might be seen as weaknesses for institutional investors looking at bitcoin as just another portion of their portfolio but for protestors, these are central strengths of cryptocurrencies not available in any other means of exchange. There are sparks of cryptocurrency activity as protests increase examples that might shed the light on how cryptocurrency will co-evolve with different protest movements.

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Miners Are Sending Bitcoins to Exchanges Again and That May Be Bearish – CoinDesk – CoinDesk

Bitcoin outflows from miner wallets have spiked, with the majority of coins finding their way onto cryptocurrency exchanges.

The net flow of coins into or out of miner addresses fell to -2,935 BTC on Tuesday to hit the lowest level since June 2019, according to data source Glassnode. To put it another way, miner wallets witnessed the highest outflow of coins for a year.

There has been a big spike in miner outflows overnight, Im expecting a whole lot of selling, starting real soon, popular cryptocurrency analyst Cole Garner tweeted, along with a chart from blockchain analysis firm CryptoQuant showing a big spike in the miner outflow around 10:00 UTC on Tuesday.

However, the Miners Netflow Volume does not tell us whether coins have been sent to exchanges for liquidation or sold off in an over-the-counter deal.

However, another metric, which tracks the flow of coins from miner wallets to cryptocurrency exchanges, shows nearly 97% of the total outflow of 2,935 BTC from miner addresses was deposited to cryptocurrency exchanges on Tuesday.

The total 2,844 BTC that went to exchange platforms was the highest since March 26. Thats a major spike: on Monday, only 404 BTC were deposited on exchanges.

With the sudden rise in the number of coins available on exchanges for liquidation, the cryptocurrency looks vulnerable for a notable price drop. Such spikes in miner outflows have preceded price drops in the past, although they dont necessarily mean a drop is on the way.

For example, outflows increased from 380 BTC to 1,824 BTC on Aug. 2, 2019, but the cryptocurrency extended its recovery rally to hit highs above $12,300 on Aug. 6.

It remains to be seen if the latest spike in miner outflows yields a notable price drop or traps bears on the wrong side of the market.Supporting the case for a downside move is the fact that miners have spent less than they mined in the last 24 hours, pushing miners rolling inventory (MRI) above 100%, according to ByteTree.com.

Miners typically hoard coins when they feel the market lacks strength to absorb their offers.

At press time, the cryptocurrency is trading near $9,350, a 3% drop on the day. Prices are trapped in the range of $9,000 to $10,000 for the fifth straight week.

Disclosure:The author holds no cryptocurrency assetsat the time of writing.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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The Benefits of Cryptocurrency Trading Crypto Benzinga – Benzinga

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Many people think of cryptocurrency as a simple store of value, but there is much more to the idea. Bitcoin is rooted in financial rebellion, not as another way to pay for a pizza. There are many benefits implied within a decentralized, trustless, immutable system of record-keeping and value transference. Political and financial leaders around the world are taking note, and you should as well.

Even if you dont plan to get involved in cryptocurrency as anything more than a portfolio hedge, youll definitely enjoy knowing just how crypto will change the financial and political world of the future.

If you have ever been annoyed waiting for a cash transfer from a bank account, you may want to consider using crypto. Transfers are instant with lower fees than platforms like Paypal. Using crypto also eliminates fraudulent chargebacks because payments on a blockchain cannot be reversed.

Using crypto also frees you to send money wherever you want with no middleman scrutinizing your transaction history. This includes international recipients who will also happily avoid Paypals expensive currency conversion fees.

The concept of the micropayment, or pay as you go, on-demand payment structure, is another advantage of using cryptocurrency. The built-in fees that you pay when using a credit card disappear with crypto, making per-second or per-minute micropayments a reality. Instead of paying a subscription fee for a streaming service, for example, crypto allows you to pay only when you watch a movie. As a matter of fact, Streamium is a video streaming service that does just that.

Even if youre not a huge crypto buff, you likely heard of the Bitcoin mania that took place around Christmas 2017. Bitcoin exploded in value, almost touching $20,000 USD per coin. At that time, it was literally the best financial investment of all time. Bitcoins value relative to the dollar has receded since then, but crypto bulls believe it can top its 2017 performance and bring the rest of the crypto market with it.

More investors than ever both individuals and institutions are holding some sort of crypto in a portfolio. This includes very public crypto skeptics like Jamie Dimon, CEO of JPMorgan Chase. The Chicago Mercantile Exchange (CME) offers options on Bitcoin futures, giving the market mainstream viability it didnt have before its breakout 2017 year. The crypto market has all of the markings of a solid potential growth investment: rising visibility and sentiment, a relatively low market cap compared to traditional asset classes and consistently increasing utility.

Many investors in the U.S. think of crypto as a volatile investment. This may be because the U.S. dollar is the worlds reserve currency and still one of the most stable currencies on the planet. To a country like Venezuela, crypto actually represents a more stable form of money. This notion is more than a pipe dream or an experiment Nigeria, Australia, Spain and Canada have all doubled their use of Bitcoin year over year.

In countries like Venezuela, the population is literally using Bitcoin to save its life. The government cannot exercise nearly as much control over cryptocurrency as it can a fiat currency. Russia is trying to create its own crypto and criminalize any other nonsanctioned competitor. The people of Zimbabwe prefer crypto to the gold-backed currency the government is pushing.

Imagine never having to pay a lawyer to do good business again. Imagine a real estate transaction with no escrow fees. This is a world that proponents of Ethereum say is quite possible. The smart contract, built on the Ethereum platform and quantified through the Ether cryptocurrency, brings the unchangeable, fraudless blockchain into the realm of law. Smart contracts create a 100% safe way to conduct an agreement sans the judicial system.

The idea of smart contracts is so well received that Ethereum has actually outpaced Bitcoin in terms of new users over the past year. Ethereum developers say that Ethereum will soon beat Bitcoin in the number of developers, daily value transfers and transactions per second.

Facebook and Twitter have recently created controversy because of their willingness to police its platform. Depending on who you ask, we lose. One of the inventive uses of cryptocurrency is to serve as the basis of a decentralized social network. In this structure, there is no central authority to blame for censoring or not censoring controversial content.

Decentralized social media also gets rid of the data privacy controversy because there is no central authority present to gather and sell private data. Cryptocurrency micropayments replace invasive ads as the platforms funding mechanism. Spam is still unwelcome, but it is moderated through a smart contract rather than a mod, who can be influenced to be subjective.

To get the most out of crypto, you need to be able to get your hands on more than 1 kind of coin. You can do this most efficiently through a trading platform. Take a look at the feature sets of the brokers below.

Although you may certainly use Bitcoin, Ether or altcoin as cash, the real benefits of crypto are much broader. Even if the current generation of cryptocurrencies phases out as money, the social and financial ideas they brought to the mainstream cannot quickly be forgotten. The ideas mentioned above represent only the tip of the digital iceberg in terms of potential social and financial utility.

Avail yourself of the more technical benefits of value stores, smart contracts and other crypto utilities. They will certainly play a major part in peoples lives in the very near future. The more you learn today about what crypto can really do, the more your life will benefit tomorrow. You may even be inspired to create a use of your own for cryptocurrency in this still quite new and wide-open space.

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UNICEF Cryptocurrency Fund announces its largest investment of startups in developing and emerging economies – UNICEF

New York, 19June 2020 Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.

The CryptoFund will invest 125 ETH each in the eight companies from seven countries to develop prototypes, pilot, or scale their technologies over six months: Afinidata, Avyantra, Cireha, Ideasis, OS City, StaTwig, Somleng and Utopic.

All investees have previously received up to $100,000 from UNICEFs Innovation Fund and are now receiving cryptocurrency to continue the development of their open-source and digital public goods.

Within the scope of their technology, several investees are working to mitigate the hardships of COVID-19 on children and youth around the world. They are collaborating with national governments and local partners to send vital messages on COVID-19, track the effectiveness of rice delivery to vulnerable communities, improve childrens literacy through remote learning, treat pandemic and isolation-related anxieties, and other vital solutions.

We are seeing the digital world come at us more quickly than we could have imagined and UNICEF must be able to use all of the tools of this new world to help children today and tomorrow, says Chris Fabian, Senior Adviser, co-Lead, UNICEF Ventures. The transfer of these funds to eight companies in seven countries around the world took less than 20 minutes and cost us less than $20. Almost instant global movement of value, fees of less than 0.00009% of the total amount transferred, and real-time transparency for our donors and supporters are the types of tools we are excited about.

Selected from almost 40 startups that have graduated from the UNICEF Innovation Fund, these eight companies have undergone technical evaluations, quality assessments of their open-source tech solutions, evidence of impact and more. They join three other grantees that received the Funds first cryptocurrency investment last year.

Besides funding, investees receive business growth mentorship, product, and technical assistance, open-source and UX and UI development, access to experts and partners, as well as opportunities to showcase their solutions.

The UNICEF Innovation Fund and CryptoFund currently have an open call for blockchain solutions to apply for funding (up to $100,000 and cryptocurrency combined) and mentorship. More details here: http://www.unicef.org/innovation/applyBlockchainCrypto

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Prototypes of software, platforms and applications are available, demonstrations can be arranged upon request.

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