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Bitcoin.com Unlocks Earn on Crypto Promoted Bitcoin News – Bitcoin News

Bitcoin.com is integrating technology from CoinFLEX that enables users to earn interest on a wide range of cryptoassets, including a US-dollar stablecoin (flexUSD), through both passive and active strategies.

The passive yield strategy is built on flexUSD, a US-dollar pegged cryptocurrency that automatically provides all holders with compounding interest payments, regardless of where they hold it.

Were incredibly excited to be offering an interest-earning product thats easy to use and carries minimal risk, said Bitcoin.com CEO Dennis Jarvis. Now our users can not only shield themselves from the downside market volatility by trading into a US dollar equivalent, they can also earn yield on those dollars that far exceeds anything available in legacy banking.

To start earning interest now, Bitcoin.com users can either swap into or mint flexUSD in a few clicks.

Behind the scenes, yield for flexUSD is generated by fees and interest paid on short-term lend/borrow markets. Interest rates will vary but are usually between 10-20%. FlexUSD can also be used as collateral to trade, meaning you can earn yield and trade at the same time.

The CoinFLEX technology integration also brings advanced trading tools and products to the Bitcoin.com ecosystem, including physically settled futures and perpetuals with leverage up to 100x. These features are available on the Bitcoin.com Exchange, where users can also trade 40+ spot pairs: all the majors like Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), as well as DeFi coins like UNI and SUSHI, popular meme coins like SHIB, and a range of other coins weve never offered before.

Bitcoin.com users can also employ active yield strategies by providing liquidity in both single and dual asset pools for futures markets.

CoinFLEX CEO Mark Lamb explains: The system democratizes access to the yields generated by market making for futures markets, where volumes vastly exceed spot. And since its a hybrid model, where the liquidity is decentralized but the order book is centralized, liquidity provision and trades are executed instantly and fees are minimal.

Bitcoin.com traders can use a handy APR Simulator tool to easily estimate the yield generated by supplying liquidity into a given pool and at a defined trading price range.

Beyond providing folks who want to trade at higher frequency with the advanced tools they need, Bitcoin.com now enables holders of cryptoassets to put them to productive use and earn a yield for doing so, adds Bitcoin.com CEO Dennis Jarvis. Its a big step in expanding the Bitcoin.com ecosystem towards our goal of providing an even more comprehensive financial services platform that further supports economic freedom.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Bitcoin And Omicron: Is Another Black Swan Brewing? – NewsBTC

Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns.

With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse?

According to Wikipedia, a black swan is an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.

Black Thursday in March 2020 classifies perfectly as such. COVID came, the market panicked, and Bitcoin collapsed back to $3,800 at the low. It turned out to be a huge overreaction.

Related Reading | Want To Learn Technical Analysis? Read The NewsBTC Trading Course

Despite the surprise factor of the event and the fact no one saw COVID coming, technical analysis proves that these black swan events can be predicted to a point. But what if two black swan events were to happen from touching the same trend line. Would these really be considered black swan events?

Thats exactly whats at risk, given the recent Omicron strain news and related panic, and the fact that Bitcoin price is indeed up against the very trend line that was used to predict Black Thursdays eventual target to the dollar.

The chart above shows that Bitcoin price was rejected from the same trend line that prompted the COVID correction. The move was so sharp and intense, a polar opposite rally resulted that took the cryptocurrency to more than $65,000 per coin.

Bitcoin selling off just as severely wouldnt necessarily be a bad thing, as the bounce from such an event has shown. But despite the dangerous macro landscape and the stock market sinking, the conditions for the top cryptocurrency are very different this time around.

For one, the arrows depict two rejections from former resistance in 2019, with the second (marked in red) failing to break out of the Ichimoku cloud. That resistance level dated all the way back to the very beginning of the bear market, which is why the Black Thursday rejection was particularly strong. Meanwhile, the current price action more so appears to demonstrate a resistance level being flipped as support.

The blue path outlines an expected Elliott Wave motive wave, with three impulses up and two corrective waves. Per Elliott Wave Theory, wave 1 shows there still life left in an asset, but market participants are reluctant to believe the bull market has begun.

Related Reading | Finding Fibonacci: Is Bitcoin Beginning A Golden Recovery?

Because of the remaining bearish sentiment, wave 2 wipes out most of the progress of wave 1, before wave 3 begins. With lows of wave 1 retested at the climax of wave 2, market participants are more confident in a blossoming bull trend, which is why wave 3 tends to be the longest and strongest. EWT refers to this as a wave extension.

Wave 4 cannot enter into the path of wave 1 and tend to move sideways. This suggests that it is unlikely to see another sharp correction like what happened on Black Thursday in 2020. Whenever wave 4 officially ends, and whether it has or not is still up for debate, targets of $100,000 per coin remain likely for the peak of wave 5.

Follow @TonySpilotroBTC on Twitter or jointhe TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content iseducational and should not beconsidered investment advice.

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True or false: 91% of surveys about Bitcoin and crypto are totally wrong – Cointelegraph

When Tony Richards, the head of payments policy at the Reserve Bank of Australia (RBA), read the recent survey results from Finders Crypto Report, which stated that almost one in five Australians owned crypto, he didn't believe it for a second.

However, the results had already been widely published around the country, gracing headlines for weeks. They even made their way into the recent Senate Committee on Australia as a Technology and Financial Centers final report in October.

Welcome to the statistically dubious world of cryptocurrency surveys an easy way for companies to get publicity by hawking survey results, but not necessarily a great way to stay informed.

The Finder survey from August claimed that 17% of Australians own at least one cryptocurrency 9% own Bitcoin, 8% own Ether and 5% own Dogecoin.

Richards called these figures into question in his address to the Australia Corporate Treasury Association on Nov. 18, saying that he finds them somewhat implausible.

I cannot help thinking that the online surveys they are based on might be unrepresentative of the population, he said.

He referenced important segments of the population including the elderly, people living in regional areas, and those without reliable access to the internet, that online survey panels do not capture well.

His point echoes a similar sentiment outlined by Dr. Chittaranjan Andrade in his 2020 report for the Indian Journal of Psychological Medicine, where he claims online survey samples are often unrepresentative, regardless of the subject.

Online surveys are completed only by people who are sufficiently biased to be interested in the subject; why else would they take the time and trouble to respond? he wrote.

But the head of consumer research at Finder, Graham Cooke, defended the methodology, telling Cointelegraph:

We are confident that this produces a trustworthy sample which is representative of the population, he added.

In the 15-page report, which summarized the survey results, there are only a few lines at the end to explain the methodology. It says: Finders Consumer Sentiment Tracker is an ongoing nationally representative survey of 1,000 Australians each month, with more than 27,400 respondents between May 2019 and July 2021.

The survey is conducted by Qualtrics, a Systems Applications and Products in Data Processing (SAP) company. Qualtrics website boasts, "in just ten weeks, Finder lifted brand awareness 23 percent," but there was no additional information regarding survey methodology, and none was provided in response to a request from Cointelegraph.

A Finder spokesperson was able to confirm to Cointelegraph that: Qualtrics collects respondents from various panels and can be incentivized in different ways. Some are paid a small fee for their participation, some earn a charity donation, for example.

This is not to single out Finders survey for particular criticism: There appears to be a new survey every day and often their findings are at odds with one another.

Take the YouGov survey commissioned by Australian crypto exchange Swyftx, which found that the number of Australians who hold crypto is closer to 25%. The July survey collected responses from 2,768 adult Australians, and the figures were weighted using estimates from the Australian Bureau of Statistics. This survey was found to be compliant with the Australian Polling Council Code.

However, both surveys cant be correct. The population of Australia is 25.69 million. This means that Finders 17% of the Australian population equates to roughly 4.37 million people. Meanwhile, Swyftxs 25% is about 6.42 million people.

The difference between the two estimates translates to just over two million people thats more than the entire population of South Australia.

The numbers also dont appear to be reflected on local platforms. Crypto trading platform Binance Australia told Cointelegraph that it had 700,000 users, Easy Crypto Australia said it had around 15,000 users, Swyftx has 470,000 users (many from overseas). BTC Markets has over 330 000 Australian users and Independent Reserves site claims 200,000 users.

Digital Surge, eToro, Coinspot, and Coinmama did not respond with user numbers.

Not all Australians use a local exchange to trade their crypto of course, but on the other hand, a significant proportion of users are signed up to multiple local exchanges. There appears to be a mismatch of hundreds of thousands, if not millions, between survey results and exchange accounts.

That said, Jonathon Miller, Australian managing director Kraken exchange, said that his platform came up with similar figures to Finder in YouGov market research in May.

The sample in that survey included 1,027 Australians aged 18 years and older, the data weighted by age, gender and region to reflect the latest ABS population estimates.

It found that one in five (19%) Aussies have owned or currently own a cryptocurrency, and 14% (2.78 million) currently have a crypto portfolio.

Speaking to the Finder survey, Miller said: I dont think its going to be that far off. The point is that these surveys are probably representative.

One issue that could be affecting the results of crypto-related surveys is that respondents to some of these surveys are actually being paid in crypto.

On Nov. 18, a Premise Data survey of 11,000 participants across 76 countries claimed that 41% of people globally trust Bitcoin (BTC) over local currencies.

The catch was, a separate survey of Premises contributors two months earlier reported 23% of its contributor base have been paid in BTC, and since 2016, the data collection company has paid out over $1 million in Bitcoin via Coinbase to survey participants in 137 countries globally.

Melbourne Institute of Applied Economic and Social Research Principal Research Fellow Nicole Watson told Cointelegraph that paying someone Bitcoin to complete a survey about cryptocurrency would bias the result.

People who know what Bitcoin is and want some would be more likely to take part, she said. In short, theyre not going to be reflective of the wider population.

Cointelegraph reached out to Premise about its survey methodology, but received no response.

In Watsons opinion, online-only surveys are not representative of the wider population.

She explained that someones participation in a survey could be influenced by who is running it, what it is about, how long it will take and what (if any) incentives are offered all of which may bias the results.

For research conducted in Australia, a good way to tell whether the findings are trustworthy is by checking whether it has been issued an Australian Polling Council Quality Mark. In the United Kingdom, you can look to see whether the polling company is a member of the British Polling Council (BPC) and in the United States, the National Council on Public Polls.

The Australian Polling Council says that any survey or poll worth its weight should include a long methodology statement, including additional information like weighting methods, effective sample size and margin of error.

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This simple Bitcoin options strategy lets traders profit while also hedging their bets – Cointelegraph

For traders who are undecided on Bitcoin's (BTC) move, the "long condor with call options," or the "iron condor" options strategy, yields optimal results with very low risk. This strategy offers protection down to $53,500, which would be a 7% downside move from the current $57,600, and returns a positive outcome up to $67,500.

Options markets provide more flexibility to develop custom strategies. Unlike futures, there are two separate instruments available. The call option gives the buyer upside price protection, while the protective put option offers the opposite.

This long condor strategy has been set for the Dec. 31 expiry and uses a slightly bullish range. The same basic structure can also be applied for other periods or price ranges, although the contract quantities might need some adjustment.

Bitcoin was trading at $57,600 when the pricing took place, but a similar result can be achieved starting from any price level. The minimum contract size depends on the derivatives exchange, but one needs to keep the suggested ratio to hold the overall strategy structure.

The first trade requires buying 0.54 contracts of the $52,000 call options to create positive exposure above this price level. Then, to limit gains above $56,000, the trader needs to sell 0.50 BTC call option contracts.

To further limit gains above $64,000, another 0.45 call option contracts should be sold. To complete the strategy, the trader needs upside protection above $70,000 by buying 0.41 call option contracts if the Bitcoin price skyrockets.

Related: 3 reasons why Bitcoins drop to $56.5K may have been the local bottom

The strategy might sound complicated to execute, but the margin required is only 0.0152 BTC, which is also the max loss. Traders should remember that it is also possible to close the position ahead of the Dec. 31 expiry if there's enough liquidity.

The max net gain occurs between $56,000 and $64,000 at 0.0233 BTC, which is 50% higher than the potential loss. With 30 days until the expiry date, this strategy gives the holder peace of mind because, unlike futures trading, there is no liquidation risk.

Furthermore, having a profit range that varies from a 7% downside move to a positive 17% price change seems conservative and covers a decent $14,000 price range.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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Can Bitcoin rally in December? | Tune in now to The Market Report w/ Gareth Soloway – Cointelegraph

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Heres what to expect in this weeks markets news breakdown:

After the market news update, the hosts chat with special guest Gareth Soloway about the current Bitcoin market cycle, inflation and how the S&P 500 would affect cryptocurrencies in the event it crashes.

Using insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market, the Cointelegraph experts identify two altcoins that stood out this week: Shiba Inu (SHIB) and Terras LUNA.

Finally, Cointelegraph Markets analyst Pechman discusses why regulatory uncertainty might have caused Bitcoins latest correction. Both United States Secretary Janet Yellen and Federal Reserve Chair Jerome Powell have expressed the need to urgently create a regulatory framework, and on Nov. 12, the SEC rejected VanEcks spot Bitcoin exchange-traded fund proposal. Is there any hope for regulatory clarity in the next six months?

Do you have a question about a coin or topic not covered here? Dont worry! Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100!

The Market Report streams live every Thursday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraphs YouTube page and smash that like and subscribe button for all our future videos and updates.

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The Invisible Incentives Of Bitcoin – Bitcoin Magazine

What incentives does Bitcoin offer? Money accumulation, or is there any greater purpose and incentive for miners securing the network? Mining is a most important process of the Bitcoin network, yet relatively few actually understand it.

I recently had the pleasure of speaking with Marty Bent, the laid-back Philadelphian with a penchant for Bitcoin mining and founder of Tales From The Crypt podcast. We talked about my journey and how I came about writing my book From Bars To Bitcoin, a coming-of-age story in which prison ushered Bitcoin into my life for the better. I did not need a halfway house when I came home from incarceration because Bitcoin gave me the necessary skills to reintegrate into society at a pace only a book could highlight. During the podcast, a revelation hit me on the real reason behind Bitcoins incentives; you know, the tangible things that keep plebs and investors up at night.

What incentives does fiat money give society that may sway so many members of society to push morality to the side, even to the extent that they may even commit a crime to obtain it? Looking at the staggering numbers of incarceration in America, its easy to see that this happens with regularity. Crime pays, and it delivers in fiat at greater levels than bitcoin. The media may uphold bitcoins few cases of cybercrime and its shadowy super-coder founder as something that threatens the security of the reserve currency. That truth is that crimes committed with bitcoin are few and far between. Bitcoin, in my opinion, gives a more peaceful, inclusive, and better return of honest money as an incentive than anything man has ever seen before.

The initial idea ran through my mind at an earlier date while reading Mastering Bitcoin but conversing with Marty brought renewed feelings on the topic. Mining is one of those many Bitcoin incentives. To the misinformed, mining may seem like an energy-dependent money grab. A well-run series of S9 miners toiling at mathematical problems hashing away for a solution seems to result from acquiring Bitcoin with a high price tag. Even my granddaddy tried his hand at mining by buying an old AntMiner, to no avail. Thats how powerful Bitcoin is; no matter what, if you are attached to Bitcoin, if it goes up, you go up with it. That is why Bitcoin is the only thing I hold.

For the record, I am not some hardcore Bitcoin miner. I am merely posing a question to the Bitcoin community about their incentives to acquire. What is the real motivation for mining Bitcoin? That one question can quickly peel back many other layers of hidden incentives. What I mean by hidden is that a lot of people believe these incentives solely revolve around money. The overall price of Bitcoin goes up, then people get overly excited; thats what messes up newbies during the orange-pill process because they have no idea what mining entails. At the surface level, it is hard to understand that mining bitcoin keeps the network decentralized, and it is way bigger than just earning bitcoin as a monetary reward. It is also about creating a new financial structure on the Earth that treats all fairly, as equals, which cannot be manipulated to the benefit of the few at the top. Bitcoin is sound money. Bitcoin saves the world while you tweet, while you surf the internet, and so many are not paying attention. Here is how.

Mining is a complex topic at the base level, but mining secures the network and it assures the automated mathematical issuance of new bitcoin. For example, in 2021, every 10 minutes, 6.25 new bitcoin are added to the worldwide ledger and placed into a certain block. What does that look like every day? Thats 900 new bitcoin. The issuance of bitcoin and everything around that issuance encompasses that hard cap of 21 million, demanding that a certain fixed amount of bitcoin comes out every day on the path to that total of 21 million. That structures predictability is the base layer as to why bitcoin has a 200% compound annual growth for over a decade.

Mining acts as a decentralized mint for bitcoin. When miners add a new block to the blockchain, a set number of unique bitcoin is rewarded. They are also rewarded with fees from transactions, which serves as another powerful financial incentive. How do we compare that to something in the real world? Within fiat history, there has never been a form of money issuance that relied solely on following mathematical rules. Previously, money issuance was based simply on political policies, whims, and even just human emotion. We have our most significant example, with COVID-19. 20% of U.S. dollars in existence were printed in 2020 alone to save the economy or, better yet, to save Wall Street. Even the Federal Reserve Chair Jerome Powel has lost faith in the M2, saying, Right now, M2 [money supply] does not really have important implications. It is something we have to unlearn. This should raise some eyebrows.

However, while governments worldwide increased their money printing, the Bitcoin network still kept mining the same consistent amount it was programmed to do, which helped to stabilize the world. That decentralized set issuance of mining, coupled with the built-in halving concept, is a trustable incentive and the real reason why you mine bitcoin. In the face of a pandemic, bitcoins issuance amount was cut in half and still served as a valuable store of wealth, when the fiat system did not. A halving of the amount of new bitcoin issued occurs every 210,000 blocks (about every four years). Lowering that number at a steady pace is the genius of Satoshi. Keeping the network on an issued schedule of scarcity increases the value of the coin over time, ensuring that demand exceeds supply

Another invisible incentive is that a lot of manipulation is impossible due to the fact that you cant add or decrease the block size. You cant alter the amount of bitcoin supply being created. This brings about an incentive for you to continuously hold on to it. It upholds the de-inflationary nature of bitcoin. Even the HODL method, for example, may just be the greatest invisible incentive in the Bitcoin world of all time. What is the incentive for HODLing? A lot of people believe HODLing is about increasing your fiat value, and keeping bitcoin off of the exchanges, and YES this is very important.

However, HODLing requires holding your bitcoin for a long time after converting your fiat dollars into it, trusting that the exponential increase in bitcoins value is also a fixed fact of life. It creates a recipe for destroying the fiat system; however, so many believe it is only for making money. Bitcoins actual design is to empower the people because the people in control of the money cant go against their own nature, so they keep printing money. When people used to ask, Can Bitcoin end the banks? I used to think it couldnt, but the longer you HODL, the more you strengthen Bitcoin, and that answer begins to lean more towards a definite YES. Satoshi wrote Bitcoins core code to be impregnable and aligned from top to bottom. So the more fiat dollars siphoned out the system into Bitcoin, the weaker centralized control becomes, and most people are doing this without being aware they are doing so.

In El Salvador for example, the citizens are still spending U.S. dollars, but during the recent price strike, they are slowly starting to realize the common-sense value of HODLing as the value of any bitcoin they own increases. You dont have to teach the value of saving with bitcoin; understanding bitcoin will do it for you. That time will come when you start to notice your fiat money is not working for you, and the whole monetary system is tainted with corruption. Thats when those incentives of Bitcoin take hold and are always at work. You are upholding the network you are participating in, and by doing that, you are actively increasing the role and importance of bitcoin in the world, and thereby disrupting the system of old.

This is a guest post by BitcoinVegan and Dawdu Amantanah. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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Microsoft and KPMG will try out quantum algorithms on real-world problems – GeekWire

Krysta Svore, general manager of Microsoft Quantum, explains how quantum computing hardware works during a Seattle science conference in 2020. (GeekWire Photo / Alan Boyle)

Microsoft and KPMG are getting set to test Azure Quantums capabilities on the sorts of real-world problems that should give quantum computing an edge over traditional approaches.

Such problems have to do with optimizing systems and networks, such as where best to place cellular phone towers or how to allocate investments to match a clients priorities relating to risks vs. rewards.

Optimization problems are found in many industries and are often difficult to solve using traditional methods which can accelerate optimization, Krysta Svore, general manager of Microsoft Quantum, explained today in a blog post. Emulating these quantum effects on classical computers has led to the development of quantum-inspired optimization (QIO) algorithms that run on classical hardware.

Such algorithms reflect the quantum perspective, in which information doesnt necessarily take the form of rigid ones and zeroes but can instead reflect a range of values simultaneously during processing. The beauty of QIO algorithms is that they dont need to run on honest-to-goodness quantum processors, which are still in their infancy.

The Microsoft-KPMG partnership gives both companies a chance to tweak the algorithms and how theyre used to maximize Azure Quantums QIO capabilities.

The Azure Quantum platform allows us to explore numerous different solver approaches utilizing the same code, helping to minimize re-work and improve efficiency, said Bent Dalager, global head of KPMGs Quantum Hub. The shared goal for these initial projects is to build solution blueprints for common industry optimization problems using Azure Quantum, which we can then provide to more clients at scale.

This isnt the first time for Microsofts quantum computing team has experimented with real-world optimization challenges: A couple of years ago, researchers at Microsoft and Ford used QIO algorithms to analyze strategies for smoothing out the Seattle areas traffic snarls. Preliminary studies showed a decrease of more than 70% in congestion and an 8% reduction in average travel time.

Last year, Toyota Tsusho and a Japanese startup called Jij used Azure Quantum to optimize the timing of traffic signals. They found that QIO algorithms could reduce the waiting time for drivers stopped at red lights by about 20%, saving an average of about 5 seconds for each car. And California-based Trimble turned to Azure Quantum to identify the most efficient routes for fleets of vehicles, ensuring that fewer trucks run empty.

The Microsoft-KPMG project will start out focusing on benchmarking solutions for optimizing financial services portfolios and telecommunications operations.

Portfolio optimization has to do with balancing the mix of investments to minimize risk and maximize profit while staying within a given budget. As financial options get more complex, it becomes difficult to assess those options using a brute-force analytical approach but QIO algorithms are well-suited to take on the challenge.

Quantum-inspired optimization could also increase the efficiency of voice-over-LTE telecom networks, leading to a better user experience for customers. Down the line, the project could look into optimization strategies for cell tower placement, mobile handover between cell towers, and staff scheduling for call centers.

The teams plan to share results in the coming months, Svore said.

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Where does EU stand in the quantum computing race with China and US? – TechHQ

The leading contenders in the race to qubits (the basic measuring unit in quantum computing) superiority have always been dominated by the US and China. The competition between the superpowers has been ramping up as the quantum research arena has flourished in recent years despite still being a pretty nascent technology. But while the efforts in both the far east and west draw headlines, an often-overlooked region in the quantum conversation has been Europe.

After all, the Europeans have had to catch up with initiatives in the US and China, or risk being left behind in the quantum computing maturity race altogether. With so many research and development breakthroughs emerging, there is a global race underway to be the first to create and conquer the market surrounding this key future tech. The US for instance is investing in excess of US$1.2 billion in quantum R&D between 2019 and 2028, and China is building a US$10 billion National Laboratory for Quantum Information Sciences.

To kick-start a continent-wide quantum-driven industry and accelerate market take-up, Europe launched the Quantum Flagship back in 2018, an ambitious 1 billion, 10-year endeavor. According to the European Commission, the Quantum Technologies Flagship is a long-term research and innovation initiative that aims to put Europe at the forefront of the second quantum revolution.

In May 2021, the German government announced that it would spend billions of euros to support the development of the countrys first quantum computer. The aim is to build a competitive quantum computer in just five years, while nurturing a network of companies to develop applications.

Just one month later, it was announced that researchers at the Institute for Experimental Physics of the University of Innsbruck, Austria, have built a prototype for a compact quantum computer. In essence, the quantum computer aims to fit quantum computing experiments into the smallest space possible.

It is European born-and-bred. It is built with European parts and has demonstrated a world-class ability to entangle 24 qubits a necessary condition for genuine quantum computations, an article by the European Commission reads, adding that it is made for the benefit of European industry and academia.

The quantum computer is available online to interested parties, from individual to corporate users, via AQT Cloud Access. With that, it offers a competitive European alternative to the traditional big tech giants such as Google, IBM, or Chinas Alibaba. It also represents a great step forward in ensuring Europes technological sovereignty and reducing our dependence on foreign technology computing, the commission said.

A notable feature of the compact quantum computer is its low power consumption, which stands at 1.5 kilowatts the same amount of energy needed to power a kettle. Indeed, such is its low power consumption, that the researchers in the University of Innsbruck are exploring how to power the device using solar panels.

Another decisive factor for the industrial use of quantum computers is the number of available qubits. The Innsbruck physicists were able to run the quantum computer with 24 fully functional qubits individually controlling and entangling 24 trapped ions with their device meeting a recent target set by the German government with surprising speed.

The University wants to be able to provide a device with up to 50 individually controllable quantum bits by next year, as per its press release. To recall, in 2019, Google engineers published a paper stating that they had achieved quantum supremacy with a quantum computer with 54 qubits.

The following year, a team from the University of Science and Technology (USTC) in China managed to build the Zuchongzhi, which is capable of surpassing Googles best efforts by a mind-boggling factor of 10 billion. Then again this year, physicists in China claimed that theyve come up with two quantum computers that have the sheer computing capability to surpass virtually any other system in the world.

Published in the journal Physical Review Letters and Science Bulletin, physicists named their superconducting machine Zuchongzhi 2. The Zuchongzhi 2 is an upgrade from an earlier machine released in July 2021 that can run a calculation task one million times more complex than Googles Sycamore, according to lead researcher Pan Jianwei. At this point, China seemingly took pole position in the unofficial quantum computing race.

Elsewhere in Europe, France and the Netherlands signed a memorandum of understanding in August this year to intensify synergies for the research and development of quantum technologies, joining the race in building high-performance supercomputers, according to EURACTIV France.

The agreement between both nations would mean more collaboration in research, greater cooperation among large tech companies, investments to develop the ecosystem, the acceleration of existing European initiatives, and the creation of jobs in the field. So it is safe to say that Europe may have had a slow start, but is coming on strong from behind and is definitely not one to be taken lightly.

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Honeywell Superpositions Itself in the Quantum Computing Industry With New Company Quantinuum – TECHdotMN

The concept of quantum superposition is mind melting. Explained in its most basic form (that is to say, with no math, an area of school which was definitely not my strong suit), quantum superposition means that instead of something being X or Y, it can be X and Y simultaneously (until observed, which is a whole different can of quantum worms). The concept allows a wave to be a particle, a particle to be a wave, and a cat to be alive and dead at the same time.

Quantum superposition is also the driving force behind quantum computing. While a normal computer operates in binary bits of information, ones and zeroes, a quantum computer uses quantum bits or, to put it more adorably, quibits. Qubits are bits of data that, due to the uncertainty of their quantum state, exist as both a one and zero simultaneously. This allows for much more flexibility in the storage and transfer of data, allowing quantum computers to blaze through extremely complex equations.

Instead of using superconductors, Quantinuums quantum computers are driven by ion traps, specialized chips designed to line up ions using an RF electromagnetic field. Photo: Quantinuum

What does all this have to do with Minnesota? Well, one of the most powerful quantum computers on Earth just so happens to be superposition-ing its quantum butt off in good old Golden Valley. Honeywell Quantum Solutions and Cambridge Quantum Computing have merged to form Quantinuum. The new company will be headquartered in Colorado and the U.K., but a 40-person team will also be working on quantum computing projects in Minnesota. In an interview with the Star Tribune, Quantinuum President and COO Tony Uttley said the team will continue to grow.

In a release detailing the new company, Quantinuum outline its plans for a cybersecurity product to be launched this month (December 2021), and an, enterprise software package that applies quantum computing to solve complex scientific problems in pharmaceuticals, materials science, specialty chemicals and agrochemicals.

I am thrilled to help lead our new company, which will positively change the world through the application of quantum computing. Our scientists continue to work hard to develop the best quantum software and hardware technologies available and I am excited to be able to offer these to customers on an on-going basis, Uttley said in the release. The next few weeks and months are going to be extremely active for Quantinuum as we increase the pace in deriving unique value from todays quantum computers especially in cybersecurity. However, in addition to cybersecurity, our products will include solutions for drug discovery and drug delivery, materials science, finance, natural language processing, as well as optimization, pattern recognition, and supply chain and logistics management.

Out of the gate, Honeywell is the primary bankrolling fuel behind the venture with a 54 percent ownership stake, an upfront investment of $300 million. Honeywell will also supply the ion traps that serve as the backbone of the companys quantum computing technology.

Quantinuum also appears to be fast-tracking its path to the public market. In a CNET article, Uttley said he expects the company to be a publicly listed entity in the next 12 months.

While quantum states might be unsure, the financial outlook for the quantum computing sector is not. Constellation Research has estimated the current market to be worth $174 billion, and Honeywell projects the industry to crack $1 trillion eventually. But whatever the fate of the quantum computing market may be, its cool to know one of the industrys powerhouse devices is chugging away right in Golden Valley.

Minnesota: land of ten thousand lakes, land of superpositioned states.

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Honeywell Superpositions Itself in the Quantum Computing Industry With New Company Quantinuum - TECHdotMN

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Tencent Cloud and AMD Join Forces to Launch StarLake Servers in Southeast Asia – HPCwire

Singapore, Nov. 29, 2021 Tencent Cloud, the cloud business of global technology company Tencent, today announced its collaboration with leading semiconductor company AMD to introduce StarLake servers powered by AMD EPYC processors for hyperscale data centers in Southeast Asia. The collaboration further highlights Tencent Clouds commitment to providing safe, stable and high-performance infrastructure products and services for the cloud era.

StarLake is the first-ever self-developed server released by Tencent Cloud in 2019, and was amped up by the establishment of the StarLake lab in 2020. The lab focuses on creating a diversified technology ecosystem and high-quality products, allowing it to become the source of new technologies for corporate IT requirement. Also used in dozens of Tencents own business scenarios, Tencent Cloud has accumulated a substantial amount of experience in AMD platform adoption, with a large AMD platform deployment in China resulting to overall performance boost and cost-reduction.

The StarLake cloud servers were made available to offer better performance points for the virtual machines (VM) public cloud market, and is designed and ideal for running private cloud workloads. It also helps save power via efficient heat radiation, with a thermal resistance that is 35% lower than general and a radio of fan power consumption as low as 2.14%. Living up to Tencent Clouds safe, secure, stable and high-quality standards, StarLake is packed with key features such as:

Boosting StarLakes power, AMD has provided the high-performance, cost-competitive and energy-saving AMD EPYC processors for use. The highly acclaimed processors are known for its valuable way of maximizing performance for memory bound codes and increasing density of VMs per rack which can enable software savings.

Poshu Yeung, Senior Vice President, Tencent Cloud International, said, As a demonstration of Tencent Clouds dedication to always providing cloud products and services through highly compatible architecture as well as simple and reliable design, we are pleased to announce our technology collaboration with AMD, a multinational developer of computer processors and technologies. By working hand in hand, we can provide users with the StarLake server with higher performance, reasonable price and lower power.

We are pleased to be working with Tencent Cloud with the launch of their StarLake servers across Southeast Asia, saidPeter Chambers, Managing Director, APAC for AMD. Powered by AMD EPYC processors, Tencent Cloud helps to deliver a modern cloud environment to end users with leading performance capabilities, impressive price for performance, high levels of efficiency and advanced security features.

About Tencent Cloud

Tencent Cloud is Tencents cloud services brand, providing industry-leading cloud products and services to organizations and enterprises across the world. Leveraging its robust data center infrastructures around the world, Tencent integrates cloud computing, big data analytics, AI, Internet of Things, security and other advanced technologies with smart enterprise scenarios. At the same time, we provide a holistic smart enterprise solution for sectors including finance, education, healthcare, retail, industry, transport, energy and radio & television.

Source: Tencent Cloud

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