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Mysterious $289 Million USDT Transfer Exits Binance Amid Mt. Gox Drama By U.Today – Investing.com

U.Today - The infamous cryptocurrency exchange Mt. Gox has once again hit the headlines , as significant transfers from its cold wallet have begun. In just the past few hours, over 107,000 BTC worth over $7.2 billion has been transferred in several tranches to an unknown address.

While massive withdrawals have been made, the Mt. Gox wallet still holds more than 30,000 BTC, which is worth about $2 billion at current exchange rates. This activity comes ahead of the promised distribution of funds to creditors by Oct. 31, 2024.

The sudden transfer of such a huge amount of has caused concerns among market participants. Fears of a possible sell-off caused the BTC price to fall by more than 4%, with the total market capitalization dropping by nearly $100 billion in less than 12 hours.

Adding to the market's anxiety was a withdrawal of funds from Binance, the world's largest cryptocurrency exchange. A total of $289 million worth of USDT was transferred to an unidentified address.

Normally, massive withdrawals from exchanges are seen as bullish, signaling that large investors are moving assets to private wallets for long-term storage.

This transfer, however, indicates that a significant amount of cryptocurrency was sold out on Binance, likely in response to the expected potential dumping of Mt. Gox's Bitcoin.

In response to the uproar, Mark Karpeles, former CEO of Mt. Gox, clarified that moving cryptocurrency from the exchange's wallet was part of the preparations for a planned distribution of funds to creditors and did not signal a sale.

This assurance brought some relief, with BTC recovering a third of today's losses. Nevertheless, market sentiment remains cautious, with most digital assets still in the red.

This article was originally published on U.Today

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Cryptocurrency: 3 Altcoins That Could Skyrocket 2000% Between Now and December 2024 – NewsBTC

Cryptocurrency enthusiasts are always on the lookout for the next big opportunity, and the rapidly evolving digital asset space continues to offer promising investment prospects. Among the myriad of altcoins available, Retik Finance (RETIK), Polkadot (DOT), and Chainlink (LINK) stand out as strong contenders with the potential to skyrocket by 2000% or more by December 2024. This article delves into the unique attributes, current market positions, and future prospects of these three cryptocurrencies.

Retik Finance (RETIK) is built on the principles of decentralization, transparency, and inclusivity. It aims to democratize access to financial services and revolutionize the way people interact with money. One of the key drivers behind the rapid ascent of Retik Finance is its commitment to innovation, offering a suite of DeFi products including smart crypto payment gateways, AI-powered peer-to-peer lending, and multi-chain non-custodial wallets. Retik Finance has cultivated a vibrant and engaged community of users who actively contribute to the platforms growth and development. Community-driven initiatives such as governance voting and incentivized participation programs foster a sense of ownership and belonging among its supporters, further fueling its momentum in the DeFi space.

The recent launch of Retik Finance (RETIK) on multiple centralized exchanges marked a significant milestone in the platforms journey toward mainstream adoption. Within hours of its debut, the market capitalization of RETIK soared to almost $3 billion, and the token price reached an all-time high of $3. This represented a 20x increase from its launch price and a 100x surge from the first stage of its presale price. The successful launch on Uniswap and multiple exchanges has set a strong foundation for future growth. Analysts predict that RETIK is poised for a substantial 70x bull move in 2024 with a price prediction of $10. Innovative solutions like the Retik DeFi debit card, Retik Pay, and the Retik Wallet are expected to attract more users and investors, strengthening RETIKs long-term growth potential. Given the growing adoption of DeFi solutions and the increasing mainstream acceptance of cryptocurrencies, RETIK could see explosive appreciation, potentially reaching up to four-digit gains.

Polkadot is a decentralized protocol designed to facilitate the transfer of data and value between different blockchain networks that wouldnt otherwise be compatible. By serving as a connecting point for all other blockchain networks, Polkadot promotes scalability and interoperability. Thanks to its use of next-generation nominated proof-of-stake (NPoS), Polkadot operates with a fraction of the energy consumed by many other blockchains. Among the proof-of-stake procedures examined in a recent study, Polkadot boasts one of the lowest carbon footprints in the industry. Additionally, DOT holders can participate in governance, allowing them to partake in the management of events like fixes and protocol upgrades. At the time of writing, Polkadots price is $7.26, with a 24-hour trading volume of $714.51 million, a market cap of $7.17 billion, and a market dominance of 0.28%. The DOT price increased by 1.96% in the last 24 hours. The Polkadot price prediction sentiment is currently neutral, while the Fear & Greed Index is showing 74 (Greed). Experts predict that by December 2024, the minimum DOT price might drop to $25.25, while its maximum can reach $31.31, with an average trading cost of around $26.19. The potential ROI for DOT is estimated at 204.6%, driven by its strong fundamentals, innovative technology, and growing ecosystem.

Chainlink is renowned for its ability to link smart contracts on blockchains to real-world data and events. This makes it the most popular Oracle network for hybrid smart contracts. Chainlinks oracle network can be used by a smart contract to obtain external data, such as the price of Bitcoin Cash in US dollars, for instance. Chainlink is planning to implement token staking and node delegation schemes, which could make the network more secure and decentralized. Oracles, which provide data to smart contracts, receive LINK tokens as compensation for their work. Chainlink also offers timely and precise off-chain data reports for services ranging from AccuWeather to the SWIFT payment system. As of now, Chainlinks price is $17.30, with a 24-hour trading volume of $1.66 billion, a market cap of $10.16 billion, and a market dominance of 0.40%. The LINK price has increased by 6.17% in the last 24 hours. The Chainlink price prediction sentiment is currently bullish, with the Fear & Greed Index showing 74 (Greed). Analysts predict that by December 2024, the minimum LINK price might drop to $53.75, while its maximum can reach $63.89, with an average trading cost of around $55.65. The potential ROI for LINK is estimated at 200.1%, supported by its robust technology, extensive partnerships, and increasing adoption.

Retik Finance, Polkadot, and Chainlink are three altcoins with substantial potential to deliver massive returns by December 2024. Retik Finance stands out with its innovative DeFi solutions and strong community engagement, Polkadot with its focus on interoperability and scalability, and Chainlink with its crucial role in linking blockchain technology to real-world data. As the cryptocurrency market continues to evolve, these three projects are well-positioned to achieve significant growth, making them worthy considerations for investors seeking high-reward opportunities.

Visit the links below for more information about Retik Finance (RETIK):

Website:https://retik.com

Whitepaper:https://retik.com/retik-whitepaper.pdf

Twitter:www.twitter.com/retikfinance

Telegram:www.t.me/retikfinance

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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MultiBank.io Wins "Best Crypto Exchange 2024" Award at Crypto Expo Dubai By Chainwire – Investing.com

Dubai, UAE, May 28th, 2024, Chainwire

MultiBank.io, the cryptocurrency exchange division of the esteemed MultiBank Group, has been awarded the prestigious "Best Crypto Exchange 2024" title at Crypto Expo Dubai.

This distinction emphasizes MultiBank.io's unwavering focus on delivering an exceptional trading experience, cementing its status as a prominent contender in the cryptocurrency world. The exchange is strategically expanding its presence in the dynamic cryptocurrency market by introducing various innovative features and security measures.

Proud Moment at Crypto Expo Dubai 2024Crypto Expo Dubai, held at the Dubai World Trade Centre on May 20-21, 2024, witnessed a convergence of crypto enthusiasts, global industry leaders, and innovators. As a Titanium Sponsor, MultiBank.io played a vital role in the event, showcasing its state-of-the-art trading platform and offering deep insights into the rapidly evolving world of cryptocurrencies.

Visitors had the opportunity to engage with MultiBank.ios team of experts, exploring its comprehensive range of crypto offerings and learning about the latest market trends. The event proved to be a fertile ground for networking, learning, and discovering valuable insights, reinforcing MultiBank.io's growing presence in the crypto landscape.

On the opening day of the conference, attendees were invited to a keynote address by Zak Taher, CEO of MultiBank.io. This pivotal speech focused on the fundamental values of MultiBank.ios crypto exchange: "Where TradFi meets Crypto." This address provided attendees with an enlightening opportunity to discover the fusion of traditional finance and digital assets.

Cutting-Edge Trading SolutionsMultiBank.ios platform is designed to meet the sophisticated needs of modern traders. The exchange offers an extensive array of crypto assets; spot and derivatives, with leverage options of up to 100x, providing traders with the tools necessary to navigate the intricate landscape of the cryptocurrency market with confidence and precision.

Unwavering Commitment to SecuritySecurity is a cornerstone of MultiBank.ios operations. The platform has earned an impeccable 10/10 Penetration Testing Score from Hacken, a leading blockchain security auditor. MultiBank.io's adherence to the highest standards of transparency and client fund security is further validated by its regulation under the Australian Transaction Reports and Analysis Centre (AUSTRAC). Moreover, MultiBank.io is backed by MultiBank Group, which operates under the supervision of 15 financial regulators, including ASIC, BaFin, ESCA, CySEC, and MAS, among others.

Looking AheadAs MultiBank.io continues to innovate and expand its offerings, the "Best Crypto Exchange 2024" award serves as a testament to its dedication to excellence in the cryptocurrency industry. The recognition at Crypto Expo Dubai is a milestone that highlights the platform's ongoing efforts to provide secure, efficient, and cutting-edge crypto trading solutions to its burgeoning global clientele.

For more information about MultiBank.io and its services, visit MultiBank.io.

ABOUT MULTIBANK.IO

MultiBank.io, a cryptocurrency exchange under MultiBank Group, offers a user-friendly platform for instant, secure trading including and . For more information, visit https://multibank.io

ABOUT MULTIBANK GROUP

Founded in California, USA, in 2005, MultiBank Group has grown to command a daily trading volume exceeding $12.1 billion, serving over 1 million customers. MultiBank Group has matured into one of the largest online financial derivatives providers globally, offering an array of brokerage services and asset management solutions. The groups award-winning trading platforms offer up to 500:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Digital Assets. For more information, visit https://multibankfx.com

ContactAntonio BileciBileciantonio.bileci@multibank.io

This article was originally published on Chainwire

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Two real-world tests of quantum memories bring a quantum internet closer to reality – Science News Magazine

In the quest to build a quantum internet, scientists are putting their memories to the test. Quantum memories, that is.

Quantum memories are devices that store fragile information in the realm of the very small. Theyre an essential component for scientists vision of quantum networks that could allownew types of communication, from ultra-secure messaging to linking up far-flung quantum computers (SN: 6/28/23). Such memories would help scientistsestablish quantum connections, or entanglement, throughout a network (SN: 2/12/20).

Now, two teams of scientists have entangled quantum memories in networks nestled into cities, where the hustle and bustle of urban life can pose challenges to quantum communications.

These two impressive studies are pushing out of the lab and into real-world implementations, says physicist Benjamin Sussman of the University of Ottawa, who was not involved with the research. These are not just toy systems, but are really the first steps toward what future networks will look like.

In a network of two quantum memories connected by a telecommunications fiber link that traversed a 35-kilometer loop through Boston and Cambridge, Mass., scientistsmaintained entanglement for about a second, physicist Can Knaut and colleagues report in the May 16Nature. That doesnt sound like a lot for us, but in the domain of quantum, where everything is more fleeting, one second is actually a really long time, says Knaut, of Harvard University.

The researchers used quantum memories built from a tiny hunk of diamond in which two of the diamonds normal carbon atoms are replaced by one atom of silicon. That substitution creates a defect that serves as a quantum bit, or qubit. In fact, the defect serves as two qubits one thats short-lived, and another long-lived qubit that acts as the memory. Scientists prodded the short-lived qubit with a photon, or particle of light. The researchers used that qubit as a go-between in order to entangle the long-lived qubit with the photon. Then the scientists sent the photon through the fiber and repeated the process to entangle the long-lived qubits in each memory.

Meanwhile, in Hefei, China, entanglement was achieved in a network withthree quantum memoriesseparated by fiber links of about 20 kilometers, researchers report in the same issue ofNature.

This teams quantum memory was based on a large ensemble of rubidium atoms about 1 millimeter in diameter. When hit with a laser, the ensemble of atoms can emit a photon. Rather than shuttling the photon directly to another quantum memory, the photon was sent to a centrally located station, where it was measured along with a photon sent from another memory. That generated entanglement between the two distant parts of the network.

Meeting up in the middle meant the photons didnt have to travel all the way to the other side of the network, an added bonus. This scheme is rather efficient, but its experimental realization is rather challenging, says experimental physicist Xiao-Hui Bao of theUniversity of Science & Technology of China in Hefei. The technique required the team to find methods to correct for changes in the length of the fibers due to temperature shifts and other effects that could cause problems. This painstaking effort is called phase stabilization. This is the main technology advance we made in this paper, Bao says.

In contrast, the Boston network had no central station and didnt require phase stabilization. But both teams achieved whats called heralded entanglement. That means that a signal is sent to confirm that the entanglement was established, which demands that the entanglement persists long enough for information to make its way across the network. That confirmation is important for using such networks for practical applications, says physicist Wolfgang Tittel, who was not involved with either study.

If you compare how these two different groups have achieved [heralded entanglement], you see that there are more differences than similarities, and I find that great, says Tittel, of the University of Geneva. There are different approaches which are all still very, very promising.

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Non-trivial quantum geometry and the strength of electronphonon coupling – Nature.com

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Quantum to cosmos: Why scale is vital to our understanding of reality – New Scientist

It can be hard to wrap our minds round the very large and the very small. Ron Koeberer/Millennium Images, UK

Imagine setting off on a spacecraft that can travel at the speed of light. You wont get far. Even making it to the other side of the Milky Way would take 100,000 years. It is another 2.5 million years to Andromeda, our nearest galactic neighbour. And there are some 2 trillion galaxies beyond that.

The vastness of the cosmos defies comprehension. And yet, at the fundamental level, it is made of tiny particles.It is a bit of a foreign country both the small and the very big, says particle physicist Alan Barr at the University of Oxford. I dont think you ever really understand it, you just get used to it.

Still, you need to have some grasp of scale to have any chance of appreciating how reality works.

Lets start big, with the cosmic microwave background (CMB), the radiation released 380,000 years after the big bang. The biggest scales weve measured are features in the CMB, says astrophysicist Pedro Ferreira, also at the University of Oxford. These helped us put the diameter of the observable universe at 93 billion light years.

At the other end of the scale, the smallest entities are fundamental particles like quarks. Yet quantum physics paints these as dimensionless blips in a quantum field, with no size at all. So what is the shortest possible distance?

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Quantum Mechanics Bolsters Drug Discovery with QUELO-G and CUDA Graphs – Blockchain News

Quantum Mechanics Revolutionizing Drug Discovery

According to a blog post on NVIDIA's developer platform, drug discovery is being enhanced through the implementation of quantum mechanics. Traditional approaches to drug discovery have primarily relied on the classical force field, which has proven useful but is widely recognized as lacking in some essential physics. This is where quantum mechanics comes in.

Quantum mechanics introduces a level of complexity to the drug discovery process that classical methods are unable to match. It takes into account the behavior of particles at the quantum level, enabling a more profound understanding of molecular structures and interactions.

The application of quantum mechanics in drug discovery is made possible through the use of QUELO-G and CUDA graphs. QUELO-G is a quantum mechanics-enhanced machine learning algorithm that interacts with CUDA graphs, a powerful tool that facilitates parallel computing. This interaction allows for the simulation of complex molecular structures and reactions, providing invaluable information for the drug discovery process.

NVIDIA, a tech giant renowned for its advances in artificial intelligence and graphics processing units (GPUs), is at the forefront of this quantum leap in drug discovery. The use of their CUDA graphs demonstrates the companys dedication to pushing the boundaries of technological innovation in various fields, including healthcare.

Quantum mechanics is steadily revolutionizing the drug discovery process, with QUELO-G and CUDA graphs leading the charge. As advancements continue, it is expected that these technologies will enable more precise, efficient, and effective drug discovery, potentially leading to breakthrough treatments for a variety of health conditions.

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How quantum entanglement really works and why we accept its weirdness – New Scientist

Entanglement is a key part ofquantum computing

Bartlomiej K. Wroblewski/Alamy

While scientists generally try to find sensible explanations for weird phenomena, quantum entanglement has them tied in knots.

This link between subatomic particles, in which they appear to instantly influence one another no matter how far apart, defies our understanding of space and time. It famously confounded Albert Einstein, who dubbed it spooky action at a distance. And it continues to be a source of mystery today. These quantum correlations seem to appear somehow from outside space-time, in the sense that there is no story in space and time that explains them, says Nicolas Gisin at the University of Geneva, Switzerland.

But the truth is that, as physicists have come to accept the mysterious nature of entanglement and are using it to develop new technologies, they are doubtful that it has anything left to tell us about how the universe works.

You can create quantum entanglement between particles by bringing them close together so that they interact and their properties become intertwined. Alternatively, entangled particles can be created together in a process such as photon emission or the spontaneous breakup of a single particle such as a Higgs boson.

The spooky thing is that, in the right conditions, if you then send these particles to opposite sides of the universe, performing a measurement on one will instantaneously affect the outcome of a measurement on the other, despite the fact that there can be no information exchanged between them.

For Einstein,

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Helping qubits stay in sync – Newswise

Newswise As part of theCenter for Quantum Leaps, a signature initiative of the Arts & Sciences strategic plan, physicistKater Murchand his research group use nano-fabrication techniques toconstruct superconducting quantum circuitsthat allow them to probe fundamental questions in quantum mechanics. Qubits are promising systems for realizing quantum schemes for computation, simulation and data encryption.

Murch and his collaborators published a new paper inPhysical Review Lettersthat explores the effects of memory in quantum systems and ultimately offers a novel solution to decoherence, one of the primary problems facing quantum technologies.

Our work shows that theres a new way to prevent decoherence from corrupting quantum entanglement, said Murch, the Charles M. Hohenberg Professor of Physics at Washington University in St. Louis. We can use dissipation to prevent entanglement from leaving our qubits in the first place.

View the teams illustrated video about their research findings:https://youtu.be/EbeNagXqJEk

Learn more about WashUs quantum research in theAmpersandmagazine.

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The Quantum Twist: Unveiling the Proton’s Hidden Spin – SciTechDaily

Researchers have developed a new method that merges experimental data with advanced calculations to explore how gluons contribute to proton spin, revealing complex dynamics and setting the stage for future three-dimensional proton imaging. Credit: SciTechDaily.com

New research combining experimental and computational approaches provides deeper insights into proton spin contributions from gluons.

Nuclear physicists have been tirelessly exploring the origins of proton spin. A novel approach, merging experimental data with cutting-edge calculations, has now illuminated the spin contributions from gluonsthe particles that bind protons. This advancement also sets the stage for three-dimensional imaging of the proton structure.

Joseph Karpie, a postdoctoral associate at the Center for Theoretical and Computational Physics (Theory Center) at the U.S. Department of Energys Thomas Jefferson National Accelerator Facility, led this groundbreaking research.

He said that this decades-old mystery began with measurements of the sources of the protons spin in 1987. Physicists originally thought that the protons building blocks, its quarks, would be the main source of the protons spin. But thats not what they found. It turned out that the protons quarks only provide about 30% of the protons total measured spin. The rest comes from two other sources that have so far proven more difficult to measure.

One is the mysterious but powerful strong force. The strong force is one of the four fundamental forces in the universe. Its what glues quarks together to make up other subatomic particles, such as protons or neutrons. Manifestations of this strong force are called gluons, which are thought to contribute to the protons spin. The last bit of spin is thought to come from the movements of the protons quarks and gluons.

A global analysis of experimental data and lattice Quantum Chromodynamics calculations provides insight into the role of the gluons (purple squiggles) contributing to the spin of the nucleon. Credit: Jefferson Lab

This paper is sort of a bringing together of two groups in the Theory Center who have been working toward trying to understand the same bit of physics, which is how do the gluons that are inside of it contribute to how much the proton is spinning around, he said.

He said this study was inspired by a puzzling result that came from initial experimental measurements of the gluons spin. The measurements were made at the Relativistic Heavy Ion Collider, a DOE Office of Science user facility based at Brookhaven National Laboratory in New York. The data at first seemed to indicate that the gluons may be contributing to the protons spin. They showed a positive result.

But as the data analysis was improved, a further possibility appeared.

When they improved their analysis, they started to get two sets of results that seemed quite different, one was positive and the other was negative, Karpie explained.

While the earlier positive result indicated that the gluons spins are aligned with that of the proton, the improved analysis allowed for the possibility that the gluons spins have an overall negative contribution. In that case, more of the proton spin would come from the movement of the quarks and gluons, or from the spin of the quarks themselves.

This puzzling result was published by the Jefferson Lab Angular Momentum (JAM) collaboration.

Meanwhile, the HadStruc collaboration had been addressing the same measurements in a different way. They were using supercomputers to calculate the underlying theory that describes the interactions among quarks and gluons in the proton, Quantum Chromodynamics (QCD).

To equip supercomputers to make this intense calculation, theorists somewhat simplify some aspects of the theory. This somewhat simplified version for computers is called lattice QCD.

Karpie led the work to bring together the data from both groups. He started with the combined data from experiments taken in facilities around the world. He then added the results from the lattice QCD calculation into his analysis.

This is putting everything together that we know about quark and gluon spin and how gluons contribute to the spin of the proton in one dimension, said David Richards, a Jefferson Lab senior staff scientist who worked on the study.

When we did, we saw that the negative things didnt go away, but they changed dramatically. That meant that theres something funny going on with those, Karpie said.

Karpie is lead author on the study that was recently published in Physical Review D. He said the main takeaway is that combining the data from both approaches provided a more informed result.

Were combining both of our datasets together and getting a better result out than either of us could get independently. Its really showing that we learn a lot more by combining lattice QCD and experiment together in one problem analysis, said Karpie. This is the first step, and we hope to keep doing this with more and more observables as well as we make more lattice data.

The next step is to further improve the datasets. As more powerful experiments provide more detailed information on the proton, these data begin painting a picture that goes beyond one dimension. And as theorists learn how to improve their calculations on ever-more powerful supercomputers, their solutions also become more precise and inclusive.

The goal is to eventually produce a three-dimensional understanding of the protons structure.

So, we learn our tools do work on the simpler one-dimension scenario. By testing our methods now, we hopefully will know what we need to do when we want to move up to do 3D structure, Richards said. This work will contribute to this 3D image of what a proton should look like. So its all about building our way up to the heart of the problem by doing this easier stuff now.

Reference: Gluon helicity from global analysis of experimental data and lattice QCD Ioffe time distributions by Jefferson Lab Angular Momentum and HadStruc Collaborations, J. Karpie, R. M. Whitehill, W. Melnitchouk, C. Monahan, K. Orginos, J.-W. Qiu, D. G. Richards, N. Sato and S. Zafeiropoulos, 27 February 2024,Physical Review D. DOI: 10.1103/PhysRevD.109.036031

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The Quantum Twist: Unveiling the Proton's Hidden Spin - SciTechDaily

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