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$495.3 Million Quantum Computing Market 2017 by Revenue Source, Application, Industry, and Geography – Global … – PR Newswire (press release)

The quantum computing market is expected to be valued at USD 495.3 Million by 2023, at a CAGR of 29.04% between 2017 and 2023.

The major factors driving the growth of this market include rising incidences of cybercrimes, early adoption of quantum computing in the defense and automotive industry, and increasing investment by government entities in the market. To secure mobile transactions, quantum key distribution systems are being adopted. Quantum keys are considered secure, as it cannot be easily hacked.

Moreover, the University of Oxford (England), Nokia Corporation (Finland) and Bay Photonics Ltd. (UK) have developed a device, which is capable of sending quantum keys using polarized light, thereby making the payments more secure on a smartphone. This factor would have a positive impact on the quantum computing market during the forecast period.

This report segments the quantum computing market on the basis of revenue source, application, industry, and geography. The sampling application of quantum computing accounted for the largest share in 2016. This growth is mainly attributed to the growing demand for the sampling application in the banking & finance, defense, healthcare & pharmaceuticals, and chemicals industries.

North America accounted for the largest share of the overall quantum computing market in 2016. On the other hand, Asia Pacific (APAC) would be the fastest growing region for quantum computing during the forecast period. This growth can be attributed to the increasing demand for quantum technology to solve the most tedious and complex problems in the defense and banking & finance industry.

The key players in this market are D Wave Systems Inc. (Canada), 1QB Information Technologies Inc. (Canada), QC Ware Corp. (US), Google Inc. (US), and QxBranch LLC (US).

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Quantum Computing Market, By Revenue Source

7 Quantum Computing Market, By Application

8 Quantum Computing Market, By Industry

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/9nctgw/quantum_computing

Media Contact:

Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

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SOURCE Research and Markets

http://www.researchandmarkets.com

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$495.3 Million Quantum Computing Market 2017 by Revenue Source, Application, Industry, and Geography – Global … – PR Newswire (press release)

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Bitcoin Surged to a New High Adding $17 Billion in Just Over a Week – Fortune

Defying naysayers, Bitcoin’s price surged above $4,500 for the first time early Thursday to reach a market value of $73.6 billion.

While the cryptocurrency has since pared some of its gains, falling to $4,453 by midday Thursday, it’s risen by about $1,000 in the past nine days. The currency’s total market value jumped $17 billion in the same period, thanks in part to the optimism traders have around plans to help Bitcoin eventually go mainstream. This includes speedier transactions, starting with its software updatedubbed Segwit2xearlier this month.

We can also speculate that it is related to the increased interest from Korean and Japanese exchanges where volumes are also increasing, William Mougayar, the founder of Startup Management, told Fortune. Another part of it is driven by the psychology of markets, as $USD 5,000 seems to be within reach, now that the $4,000 level has been easily broken.

That said, Bitcoin’s sudden rise is cause for concern for some.

Goldman Sachs analyst Sheba Jafari wrote in a Sunday note that she expected Bitcoin to potentially hit and peak at $4,827.

“The market should in theory enter a corrective phase. This can last at least one third of the time it took to complete the preceding advance and retrace at least 38.2% of the entire move,” she wrote. “From current levels, that would measure out to around $2,221.”

Meanwhile, plans to scale up Bitcoin haven’t exactly gone smoothly. Miners still appear split about how to implement SegWit2x. The first part of that plan was activated earlier this month, but the second part, an upgrade to Bitcoin’s software by increasing block size to two megabytes in November, has been a point of contention. That upgrade, which was made official this week, will result in a “hard fork.”

Miners already dissatisfied with Segwit2x decided not to make that upgrade earlier this year, forming a new cryptocurrency offshoot dubbed Bitcoin Cash. If more miners shun the November upgrade, it would in theory result in yet another Bitcoin currency.

Bitcoin Cash is trading at about $373.80, 47% off its all-time high earlier this month. Ethereum, on the other hand, is trading at about $289, 26% off its all-time high earlier this year.

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Bitcoin Surged to a New High Adding $17 Billion in Just Over a Week – Fortune

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Another major country joins China and Japan in cracking down on bitcoin exchanges – CNBC

Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges.

“The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals to hide,” said Australia’s Minister for Justice Michael Keenan in a press release.

The Australian government proposed a set of reforms on Thursday which will close a gap in regulation and bring digital currency exchange providers under the remit of the Australian Transactions and Reporting Analysis Centre (AUSTRAC).

These exchanges serve as marketplaces where traders can buy and sell digital currencies, such as bitcoin, using fiat currencies, such as the dollar.

Bitcoin has grown massively this year. The market cap has increased to $73.93 billion and the price recently hit fresh record highs. It currently trades at $4,476 and the price has risen 348 percent year to date.

The reform bill is intended to strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act and increase the powers of AUSTRAC.

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Bitcoin Cash Breaks Price Doldrums to Push Past $400 – CoinDesk

Bitcoin Cash’s price rose above the $400 mark today, breaking the rangebound market trend of thepast several days.

The cryptocurrency climbed as high as $406 today, according to data fromCoinMarketCap. The move followed days of steadymarketfluctuations, with the price of Bitcoin Cash trading no more than a few dollars above or below the $300 level.

The largest Bitcoin Cash market by-volume is Bithumb, which accounts for roughly 30 percent of the global trade through its Korean won-Bitcoin Cash trading pair, CoinMarketCap figures show. The exchange reports more than $145 million in volume over the past 24 hours.

At press time, Bitcoin Cash is trading at about $391 onBithumb.

As previously reported by CoinDesk, Bitcoin Cash split off from the main bitcoin blockchain earlier this month when a group of miners and developers moved to adopt software, with new network rules, that was incompatible with the rest of the network. The result: bitcoin “forked” into two distinctblockchains with their own freely-traded digital assets.

Today’s upward price action comes just hours after bitcoin reached a new all-time high above$4,500.

Rollercoaster image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

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Photos: Inside one of the world’s largest bitcoin mines – Quartz

One of the worlds largest bitcoin mines is located in the SanShangLiang industrial park on the outskirts of the city of Ordos, in Inner Mongolia, an autonomous region thats part of China. Its 400 miles from Chinas capital, Beijing, and 35 miles from the the city of Baotou. The mine is just off the highway, near the intersection of Latitutde 3rd Road and Longitude 3rd Road. It sits amidst abandoned, half-built factoriesvictims of an earlier coal mining boom that fizzled out, leaving Ordos and its outlying areas littered with the shells of unfinished buildings.

The mine belongs to Bitmain, a Beijing-based company that also makes mining machines that perform billions of calculations per second to try and crack the cryptographic puzzle that yields new bitcoins. Fifty Bitmain staff, many of them local to Ordos, watch over eight buildings crammed with 25,000 machines that are cranking through calculations 24 hours a day. One of the buildings is devoted to mining litecoin, an ascendant cryptocurrency. The staff live on-site in a building with a dormitory, offices, a canteen, and a repair center. For recreation, they play basketball on an unfinished cement court.

Bitcoin mining consumes enormous amounts of electricity, which is why miners seek out locations that offer cheap energy. The Ordos mine was set up in 2014, making it Chinas oldest large-scale bitcoin mining facility. Bitmain acquired it in 2015. Its powered by electricity from coal-fired power plants. Its daily electricity bill amounts to $39,000. Bitmain also operates other mines in Chinas remote areas, like the mountainous Yunnan province in the south and the autonomous region of Xinjiang in the east.

Despite the costs, bitcoin mining remains a lucrative industry. At the current bitcoin price of about $4,000 per bitcoin, miners compete for over $7 million in new bitcoins a day. The more processing power a mining operation controls, the higher its chances of winning a chunk of those millions. The Ordos mine accounts for over 4% of the processing power on the bitcoin networka huge amount for a single facility.

Quartz visited the mine in Ordos on Aug. 11.

Read next: The lives of bitcoin miners digging for digital gold in Inner Mongolia

Read next: Take a 360 walk around one of the worlds biggest bitcoin mines

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Photos: Inside one of the world’s largest bitcoin mines – Quartz

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One-Man Band To Create The Second Altcoin Forum In The World – Coin Idol (press release)

Aug 15, 2017 at 14:32 // News

Bitcoin Garden, the second altcoin forum in the world, earned its reputation because of the founder, Federico Mercatali aka Secco, who has been in the field of information technology for 12 years, and who joined the Bitcoin community in 2012. Coinidol.com interviewed Secco about his views on the media market and the promotion of Blockchain and cryptocurrencies across the world.

Coinidol: There were different predecessors to Bitcoin, that didn’t have such huge commercial success. Why has only Satoshi Nakamoto achieved a revolution, though he is not the first who created cryptocurrency?

Secco: I was late to the Bitcoin party and missed the beginning so I may not be the most qualified professional to talk about it. I see two key points: first, the timing was just perfect. The required technologies were mature and the open source community was large enough to provide a strong base of enthusiastic people willing to contribute. Secondly, and this is what really surprised me, Bitcoin design was almost perfect since the very beginning. It took almost 8 years to come to the point where a redesign is needed to address the block size limit. As we can see in these days, Ethereum took much less to reach a critical point.

CI: Do you consider Bitcoin to be just a kind of share for Bitcoin’s blockchain, a bubble that is going bigger or smaller depending on news around it?

Secco: I see Bitcoin as a solid value storage, the most reliable in the cryptocurrency panorama. Besides, its market cap may seem huge but it is tiny compared to other currencies or commodities, an easy target for speculation, thus the high volatility in the short term.

CI: How many news outlets are there in the industry at the moment?

Secco: There are many. At least a dozen of well-established outlets and another dozen mostly covering fintech news and occasionally featuring top cryptocurrency news. Plus there’s a high number of YouTube news channels and individual bloggers who indeed provide very high-quality information.

CI: Which one do you consider to be the best among others? Why? Can you name a list of your top 5?

Secco: There are three I like to read because of their unique editorial style and their objective analysis. TheMerkle, CoinIdol and BitcoinCheaser. If asked what the most recognized brands in the industry are, I would say CoinDesk first and CoinTelegraph second.

CI: What is the mission of Bitcoin Garden among other news outlets?

Secco: I consider Bitcoin Garden more of a community than a news outlet. Sure there’s a news portal as the front page, and I make it a point to manage it to the best of my abilities, but I think the most valuable info is inside, in the forum. It is still small compared to be BitcoinTalk though almost 1000 altcoin teams have their own thread there, but now, after three years of hard work, numbers are growing at a pretty fast rate. I guess mostly because of the altcoin madness. It is about to become the second altcoin forum in the world, or perhaps it already is. My mission is simple: spreading the crypto revolution. I’m a true supporter of open source and decentralization. I do believe it will significantly improve our idea of society and democracy. The cryptocurrencies are just the tip of the iceberg, I’m confident one day we will have blockchain-based voting systems, fully transparent and fraud-proof.

CI: Do you have a team of professional journalists or are you the one-man-orchestra that is doing everything alone?

Secco: I’m mostly a one-man band. I do have a few collaborators, who occasionally help me with certain tasks, and a number of trusted partners providing quality content, otherwise, I personally follow, review and approve every single article. I rarely delegate important decisions and I know this is a weakness as you can only scale to a certain extent following this model. On the other hand, this allows me to keep doing the things I like to do. Working must be a pleasure. If you end up doing things you don’t want to do, it becomes a pain.

CI: How do you measure your results? Money or daily visits?

Secco: The revenue stream is important when running a business but it is not a quality indicator at all. This is especially true in the online media industry. Think of those services that automatically grab content from different sources, generate hundreds of thousands of web pages and put it online flooding the search engines. It is a business that produces millions of pageviews, requires almost no work and pays well but it does not generate any value for the end user. Most of the times it just makes good information harder to find. In the same way, the number of page views just give you an idea of how your site is performing over time but I consider time spent on the website, bounce rate and number of quality comments much better indicators.

CI: What is the best result that Bitcoin Garden has achieved during the time of its existence?

Secco: Many projects have grown and become successful because of the space Bitcoin Garden provided them to share their ideas. I especially like giving space to people who have good ideas but no millionaire funding. This is priceless and makes me proud of the work Ive done until now. The other achievement I am most proud of is having introduced many people to this new world. It’s a drop in the sea but it’s good to know I gave my contribution.

CI: How do you see the future of the crypto market in 3-5 years?

Secco: Im very optimistic. I think in the next years we will see more development focused on security and usability, bringing a massive expansion of the user base. It’s extremely hard to predict what will happen in details to a single coin, a family of coins or a specific technology. There will be winners and losers, new players in the field and dying giants. There could be epic fails and temporary market crashes but I’m certain that this process will produce significant and valuable innovation.

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Encryption key for iPhone 5s Touch ID exposed, opens door to further research – AppleInsider (press release) (blog)

By Mike WuertheleThursday, August 17, 2017, 11:14 am PT (02:14 pm ET)

First spotted by Redmond Pie on Wednesday, Twitter user “xerub” posted the information, and an extraction tool for the Secure Enclave firmware, in advance of the Singapore Hack in the Box conference.

The tool and hack is not for the inexperienced. The outputs of the tool are binaries of the kernel and related software regulating the communications between the Touch ID sensor and Secure Enclave but not any information transmitted presently or in the past between the Touch ID sensor and the Secure Enclave.

The exposure of how to extract the encryption key from an iPhone 5s does not mean that the device is no longer secure. However, it does mean that people angling to make exploits for the device are able to examine the Secure Enclave firmware on the device in more detail than previously possible.

At present, there is no known exploit utilizing the tool, or the gleaned data, and it is not clear how one would even be produced or installed on a target device. Any exploit developed with the tool would be specific to the iPhone 5s, and require physical access to the device to load custom firmware as well.

Apple’s Secure Enclave is in Apple’s A7 processor and later and provides all cryptographic operations for data protection in iOS devices. The Secure Enclave utilizes its own secure boot and can be updated using a personalized software update process that is separate from the application processor which is how any exploit would have to be installed, one device at a time.

The Secure Enclave is responsible for processing fingerprint data from the Touch ID sensor, determining if there is a match against registered fingerprints, and then enabling access. Each pairing of the Touch ID uses the shared encryption key, and a random number to generate that session’s full encryption key.

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Encryption key for iPhone 5s Touch ID exposed, opens door to further research – AppleInsider (press release) (blog)

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How security pros look at encryption backdoors – Help Net Security

The majority of IT security professionals believe encryption backdoors are ineffective and potentially dangerous, with 91 percent saying cybercriminals could take advantage of government-mandated encryption backdoors.

72 percent of the respondents do not believe encryption backdoors would make their nations safer from terrorists, according to a Venafi survey of 296 IT security pros, conducted at Black Hat USA 2017.

Giving the government backdoors to encryption destroys our security and makes communications more vulnerable, said Kevin Bocek, chief security strategist for Venafi. Its not surprising that so many security professionals are concerned about backdoors; the tech industry has been fighting against them ever since global governments first called for unrestricted access. We need to spend more time protecting and supporting the security of our machines, not creating purposeful holes that are lucrative to cybercriminals.

Encryption backdoors create vulnerabilities that can be exploited by a wide range of malicious actors, including hostile or abusive government agencies. Billions of people worldwide rely on encryption to protect critical infrastructure including global financial systems, electrical grids and transportation systems from cybercriminals who steal data for financial gain or espionage.

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The Laws of Mathematics and the Laws of Nations: The Encryption Debate Revisited – Lawfare (blog)

Australia is weighing in on the encryption debate regarding exceptional access by law enforcement. As George Brandis, the Australian Attorney-General, described last month, the Prime Ministers office advocates requiring internet companies and device makers [to follow] essentially the same obligations that apply under the existing law to enable provision of assistance to law enforcement and to the intelligence agencies, where it is necessary to deal with issues: with terrorism, with serious organized crime, with paedophile networks and so on. He further asserted that the chief cryptographer at GCHQ, the Government Communication Headquarters in the United Kingdom had assured him that this was feasible.

The Prime Minister of Australia, Malcolm Turnbull, subsequently entered into an interesting interchange with a reporter. When asked by Mark DiStefano, a reporter from ZDNET, Wont the laws of mathematics trump the laws of Australia? And then arent you also forcing people onto decentralized systems as a result? The Prime Minister of Australia said the laws of Australia prevail in Australia, I can assure you of that. The laws of mathematics are very commendable, but the only law that applies in Australia is the law of Australia.”

This interchange provides a good opportunity to explore where the laws of mathematics and the laws of nations hold sway. DiStefanos comment about the laws of mathematics is a reference to the conclusion offered by many technically informed parties that including a capability for exceptional access into any encryption scheme invariably reduces the security afforded by that scheme.

But this conclusion is not what the Attorney-General was referring to; he spoke only of an obligation of vendors to provide assistance to law enforcement and intelligence agencies (presumably to provide clear text when required by law). It is certainly possible to develop a system that enables vendors to meet this requirement, and a system with this capability must be that which the chief cryptographer at GCHQ asserts is feasible. This system will not be as secure as it would be without this requirement, though it will enable certain law enforcement and intelligence activities to take place that would not otherwise be possible.

So once again, we see that participants in this debate are not arguing about the same thing. The anti-exceptional access community is talking about the impossibility of developing a system with exceptional access capability that affords the same security as one without such a capability. The pro-exceptional access community is talking about the feasibility of a system with exceptional access capabilities that provides the best security possible given that requirement. And both communities are correct.

Whether the tradeoff is worthwhilelesser security for all in exchange for better ability to pursue certain law enforcement and intelligence activitiesis clearly a policy and legal decision for the Australian government. Of course, to have a reasonable debate about this question, the Australian government would have to acknowledge the first part of this tradeofflesser security for alland whether or not it is willing to do so is not yet clear.

Turnbulls statement is absurd on its face. A more astute response would have been to acknowledge that human laws must be consistent with the laws of mathematics but then to say that the laws of mathematics do not prevent compliance with a requirement such as the one proposed by the Attorney-General. But the Prime Minister would also have had to acknowledge the above-mentioned trade-off explicitlyand maybe such an acknowledgment would have been politically inconvenient.

As I have writtenbefore, these comments also apply precisely to the corresponding debate in the United States. To make progress on either side of the Pacific Ocean, it would help if both sides were talking about the same thing.

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The Laws of Mathematics and the Laws of Nations: The Encryption Debate Revisited – Lawfare (blog)

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