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Blockchain Must Solve These 3 Issues to Avoid Quantum Threat: Expert

The blockchain community should immediately begin working on three issues to prevent being overtaken by quantum computers, a cryptography expert says. Xinxin Fan, head of cryptography at privacy- and IoT-focused blockchain platform IoTeX, published an article in The International Business Times on Nov. 7, calling on the blockchain community to stay up to date about the progress being made on quantum computers. While reiterating that short-term developments in quantum computing are “modest,” Fan argued that …

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How Blockchain Disrupts Global Business | Sibos 2019

Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone. Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular mass adoption. But why is the white-collar financial world interested in adopting the very technology that holds profound implications for …

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Worldwide Google Searches for ‘Bitcoin’ Hit 3-Month High

Worldwide Google searches for “Bitcoin” (BTC) — currently worth $9,400 — are now near a three-month high, according to Google Trends. Current interest is at the highest level since early August, when BTC price was around $11,700. Africa leads in searches for “Bitcoin” Notably, three of the top five regions reporting the most searches for the keyword in question are located in Africa. The top five regions are Nigeria, South Africa, Austria, Ghana and Brazil. …

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How Should Crypto Prepare for Google’s ‘Quantum Supremacy’?

“Quantum supremacy.” The term inspires images of a giant world-brain supercomputer that can count the grains of sand on every beach on Earth. But what does Google’s official claim of supremacy mean and how will practical quantum computing change the world of crypto? After a month of speculation, Google announced that it has built and tested a 54-qubit quantum processor called “Sycamore.” The processor, which looks like it’s covered in a writhing mass of serpents inside its …

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Former IBM, Google Russia Exec Joins Blockchain Firm Credits as CBO

Former Google Russia chief technology officer Jennifer Trelewicz has joined blockchain platform Credits (CS) as its new chief business officer (CBO). According to an official announcement published on Oct. 11, Trelewicz’s first experience working with blockchain was during her time as the CEO of Russian technology startup S7 TechLab.  In the past, she also worked as the director of IBM’s systems and technology laboratory and the director of risks and market data at Deutsche Bank. …

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What Google’s ‘Quantum Supremacy’ Means for the Future of Cryptocurrency

Just like that, the promise of quantum computers overtaking traditional computers is one step closer to reality. According to a recent report by the Financial Times, tech giant Google claims to have achieved “quantum supremacy,” meaning it has built a quantum computer able to solve formerly impossible mathematical calculations. If proven true, this marks a major milestone in the development of quantum computers and possibly, the demise of blockchain technology as we know it today. …

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Square Crypto Hires Lightning, Libra Developers for ‘Bitcoin Dream Team’

Square Crypto, the division of the publicly traded payments company that focuses exclusively on bitcoin, just announced three new hires to work on open source projects. Among them is Facebook and BitGo alum Arik Sosman, most recently a member of the social media giant’s Calibra subsidiary. He told CoinDesk: “My personal areas of interest are privacy and [Layer 2] scalability, though we’ll see what the team ultimately ends up working on. … I’m extremely excited …

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Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan

The popularity of the decentralized blockchain-enabled web browser Brave continues to grow as it has outranked other browsers in Google Play rankings in Japan. Brave beats rival browsers According to a Reddit post on Sept. 8, this is the first time that the privacy-focused Brave browser has overtaken its rival browsers such as Firefox, Opera and Chrome in Japan. The most recent ranking data from Google Play shows that Brave sits comfortably at number 10 …

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Bitmain Chip Supplier Faces Infringement Lawsuits From Competitor

TSMC, the world’s largest independent semiconductor foundry and chip supplier for Bitmain, is facing multiple lawsuits from its competitor GlobalFoundries (GF). Alleged patent infringement  GF, the second biggest semiconductor foundry by sales after TSMC, filed several lawsuits in the United States and Germany, accusing Taiwanese TSMC of infringing on 16 GF patents, according to an official GF statement on Aug. 26. In the lawsuits, the California-based company seeks orders to ban TSMC from importing semiconductors …

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