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For The First Time, Scientists Have Entangled Three Qubits on Silicon – ScienceAlert

While quantum computers arealready here, they're very much limited prototypes for now.

It's going to take a while before they're fulfilling anything close to their maximum potential, and we can use them the way we do regular (classical) computers. That moment is now a little nearer though, as scientists have got three entangledqubitsoperating together on a single piece of silicon.

It's the first time that's ever been done, and the silicon material is important: that's what the electronics inside today's computers are based on, so it's another advancement in bridging the gap between the quantum and classical computing realms.

Qubits are the quantum equivalent of the standard bits inside a conventional computer: they can represent several states at once, not just a 1 or a 0, which in theory means an exponential increase in computing power.

The real magic happens when these qubits are entangled, or tightly linked together.

As well as increases in computing power, the addition of more qubits means better error correction a key part of keeping quantum computers stable enough to use them outside of research laboratories.

"Two-qubit operation is good enough to perform fundamental logical calculations," says quantum physicist Seigo Tarucha, from the Riken research institute in Japan.

"But a three-qubit system is the minimum unit for scaling up and implementing error correction."

Using silicon dots as the basis of their qubits means a high level of stability and control can be applied to them, the researchers say. Silicon also makes it more practical to scale these systems up, which is something the team is keen to do in the future.

The process involved entangling two qubits to begin with, in what's known as a two-qubit gate a standard building block of quantum computers. That gate was then combined with a third qubit with an impressively high fidelity of 88 percent (a measure of how reliable the system is).

Each of the quantum silicon dots holds a single electron, with its spin-up and spin-down states doing the encoding. The setup also included an integrated magnet, enabling each qubit to be controlled separately using a magnetic field.

On its own, this isn't going to suddenly put a quantum computer on our desks the setup still required ultra-cold temperatures to operate, for example but together with the other advancements we're seeing, it's undoubtedly a solid step forward.

What's more, the researchers think there's plenty more to come from quantum silicon dots linking together more and more qubits in the same circuit. Full-scale quantum computers could be closer than we think.

"We plan to demonstrate primitive error correction using the three-qubit device and to fabricate devices with ten or more qubits," says Tarucha.

"We then plan to develop 50 to 100 qubits and implement more sophisticated error-correction protocols, paving the way to a large-scale quantum computer within a decade."

The research has been published in Nature Nanotechnology.

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For The First Time, Scientists Have Entangled Three Qubits on Silicon - ScienceAlert

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Atomically-Thin, Twisted Graphene Has Unique Properties That Could Advance Quantum Computing – SciTechDaily

New collaborative research describes how electrons move through two different configurations of bilayer graphene, the atomically-thin form of carbon. These results provide insights that researchers could use to design more powerful and secure quantum computing platforms in the future.

Researchers describe how electrons move through two-dimensional layered graphene, findings that could lead to advances in the design of future quantum computing platforms.

New research published in Physical Review Letters describes how electrons move through two different configurations of bilayer graphene, the atomically-thin form of carbon. This study, the result of a collaboration between Brookhaven National Laboratory, the University of Pennsylvania, the University of New Hampshire, Stony Brook University, and Columbia University, provides insights that researchers could use to design more powerful and secure quantum computing platforms in the future.

Todays computer chips are based on our knowledge of how electrons move in semiconductors, specifically silicon, says first and co-corresponding author Zhongwei Dai, a postdoc at Brookhaven. But the physical properties of silicon are reaching a physical limit in terms of how small transistors can be made and how many can fit on a chip. If we can understand how electrons move at the small scale of a few nanometers in the reduced dimensions of 2-D materials, we may be able to unlock another way to utilize electrons for quantum information science.

When a material is designed at these small scales, to the size of a few nanometers, it confines the electrons to a space with dimensions that are the same as its own wavelength, causing the materials overall electronic and optical properties to change in a process called quantum confinement. In this study, the researchers used graphene to study these confinement effects in both electrons and photons, or particles of light.

The work relied upon two advances developed independently at Penn and Brookhaven. Researchers at Penn, including Zhaoli Gao, a former postdoc in the lab of Charlie Johnson who is now at The Chinese University of Hong Kong, used a unique gradient-alloy growth substrate to grow graphene with three different domain structures: single layer, Bernal stacked bilayer, and twisted bilayer. The graphene material was then transferred onto a special substrate developed at Brookhaven that allowed the researchers to probe both electronic and optical resonances of the system.

This is a very nice piece of collaborative work, says Johnson. It brings together exceptional capabilities from Brookhaven and Penn that allow us to make important measurements and discoveries that none of us could do on our own.

The researchers were able to detect both electronic and optical interlayer resonances and found that, in these resonant states, electrons move back and forth at the 2D interface at the same frequency. Their results also suggest that the distance between the two layers increases significantly in the twisted configuration, which influences how electrons move because of interlayer interactions. They also found that twisting one of the graphene layers by 30 also shifts the resonance to a lower energy.

Devices made out of rotated graphene may have very interesting and unexpected properties because of the increased interlayer spacing in which electrons can move, says co-corresponding author Jurek Sadowski from Brookhaven.

In the future, the researchers will fabricate new devices using twisted graphene while also building off the findings from this study to see how adding different materials to the layered graphene structure impacts downstream electronic and optical properties.

We look forward to continuing to work with our Brookhaven colleagues at the forefront of applications of two-dimensional materials in quantum science, Johnson says.

Reference: Quantum-Well Bound States in Graphene Heterostructure Interfaces by Zhongwei Dai, Zhaoli Gao, Sergey S. Pershoguba, Nikhil Tiwale, Ashwanth Subramanian, Qicheng Zhang, Calley Eads, Samuel A. Tenney, Richard M. Osgood, Chang-Yong Nam, Jiadong Zang, A.T. Charlie Johnson and Jerzy T. Sadowski, 20 August 2021, Physical Review Letters.DOI: 10.1103/PhysRevLett.127.086805

The complete list of co-authors includes Zhaoli Gao (now at The Chinese University of Hong Kong), Qicheng Zhang, and Charlie Johnson from Penn; Zhongwei Dai, Nikhil Tiwale, Calley Eads, Samuel A. Tenney, Chang-Yong Nam, and Jerzy T. Sadowski from Brookhaven; Sergey S. Pershogub, and Jiadong Zang from the University of New Hampshire; Ashwanth Subramanian from Stony Brook University; and Richard M. Osgood from Columbia University.

Charlie Johnson is the Rebecca W. Bushnell Professor of Physics and Astronomy in the Department of Physics and Astronomy in the School of Arts & Sciences at the University of Pennsylvania.

This research was supported by National Science Foundation grants MRSEC DMR- 1720530 and EAGER 1838412. Brookhaven National Laboratory is supported by the U.S. Department of Energys Office of Science.

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Research on Quantum Computing in Health Care Market 2021: By Growing Rate, Type, Applications, Geographical Regions, and Forecast to 2026 – Northwest…

The business intelligence report on Quantum Computing in Health Care market consists of vital data regarding the growth catalysts, restraints, and other expansion prospects that will influence the market dynamics during 2021-2026. Moreover, it delivers verifiable projections for through a comparative study of the past and present scenario. It claims that the Quantum Computing in Health Care market size is slated to expand with a CAGR of xx% during of the analysis timeline.

Executive summary

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Market analysis structure

Product terrain summary

Application spectrum review:

Competitive hierarchy overview:

Regional landscape outline

Research objectives

To study and analyze the global Quantum Computing in Health Care consumption (value & volume) by key regions/countries, type and application, history data from 2016 to 2020, and forecast to 2026.

To understand the structure of Quantum Computing in Health Care market by identifying its various subsegments.

Focuses on the key global Quantum Computing in Health Care manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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To project the consumption of Quantum Computing in Health Care submarkets, with respect to key regions (along with their respective key countries).

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To strategically profile the key players and comprehensively analyze their growth strategies.

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UChicago, Duality Teams to Pitch at 2021 Chicago Venture Summit – Polsky Center for Entrepreneurship and Innovation – Polsky Center for…

Published on Tuesday, September 14, 2021

Several teams from the University of Chicago and Duality the worlds first accelerator focused exclusively on quantum technologies are pitching at the 2021 Chicago Venture Summit.

The venture capital conference takes place September 27-29 and brings together leading venture capital investors and innovation ecosystem leaders with founders.

>> Register for the Deep Tech Showcase, here.

Kicking off the conference on Monday, September 27, the Polsky Center for Entrepreneurship and Innovation and Argonnes Chain Reaction Innovations program are hosting the 2021 Deep Tech Showcase as part of the larger event. The virtual showcase is from 2:00 to 3:30 p.m. (CST).

UChicago and Duality teams pitching include:

// AddGraft Therapeutics is developing a CRISPR-based therapeutic technology using skin cells to treat addiction. The researchers have developed a therapeutic platform that, through a one-time and first-of-its-kind treatment, will effectively cure someone of alcohol use disorder (AUD). The treatment is long-lasting, highly effective, and minimally invasive.

This is completed by using skin epidermal progenitor cells to deliver one or more therapeutic agents. First, the researchers harvest skin stem cells from an AUD patient and genetically modify them using a precise molecular scissor CRISPR. This process will introduce genes that can produce molecules that will significantly reduce the motivation to take or seek alcohol. Then, they re-implant these skin cells into the original host through a skin graft. After the graft has been re-implanted, the skin graft is able to produce these molecules as a bio engine throughout the lifetime of the graft.

Team members:

// Arrow Immuneis developing next-generation biologics for immuno-oncology in solid tumors. The company is developing protein engineering technology to retain IO molecules in the tumor microenvironment, both to function as monotherapies and to enhance response to checkpoint inhibitor immunotherapy.

The company has developed a powerful approach to mask these compounds such that they are inactive in the periphery yet are activated within the tumor, to limit immune-related adverse events and open the therapeutic window.

Team members:

// Axion Technologies is a Tallahassee, FL-based company, developing a quantum random number generator for high-performance computing systems. Its design enables embedding of unique digital signatures for hardware authentication. The company has received a NSF SBIR award.

Team members:

// Esya Labs mission is the early, precise, and cost-effective detection of neurodegenerative diseases. Its first-in-class product for Alzheimers Diseasewill provide a 360-degree perspective enabling early diagnosis, a personalized treatment plan based on ranked drug effectiveness for any given patient, and monitoring disease progression.

The platform uses synthetic DNA strands that have been engineered to function in a specific way. These so-called DNA nanodevices are used to measure lysosomes performance by creating chemical maps of their activity a process that had previously not been possible. The company in

Team members:

// Nanopattern Technologies is commercializing a quantum dot ink that enables the manufacturing of the next generation of energy-efficient, bright, and fast refresh rate displays and recently received a $1 million NSF SBIR grant.

In addition to displays, NanoPatterns patented technology is capable of patterning oxide nanoparticles for optics applications and Near Infrared (NIR) quantum dots for multispectral sensor applications.

Team members:

// qBraid is developing a cloud-based platform for managed access to other quantum computing software and hardware. The platform includes qBraid Learn and qBraid Lab. qBraid Learn is ready to host any courses developed by the quantum computing ecosystem, but the team has also developed their own educational content. qBraid provides a streamlined experience for first-time learners through its QuBes (quantum beginners) course. Hosted on the qBraid-learn platform, QuBes brings students up to speed on all the background knowledge (mathematics, coding, and physics) necessary to then introduce quantum computing.

qBraid-Lab provides a cloud-based integrated development environment (IDE) for quantum software developers. Unlike other in-browser development platforms, qBraids ecosystem specifically optimizes for quantum computing by providing development environments with all common quantum computing packages pre-installed.

The platform is being used by more than 2500 users from top universities, financial institutions, and various national labs. qBraid has also announced recent collaborations with various government agencies (Quantum Algorithms Institute in British Columbia, the Chicago Quantum Exchange, and the QuSteam) in the US and Canada.

Team members:

// Quantopticon, based in the UK, develops software for simulating quantum-photonic devices. The software has applications chiefly in the budding fields of quantum computing and ultra-secure quantum communications.

Quantopticon specializes in modelling quantum systems of the solid-state type, which are commonly embedded in cavity structures in order to control and enhance specific optical transitions.Its software for modelling interactions of light with matter is underpinned by an original and proprietary general methodology developed by the team from first principles.

The purpose of their software is ultimately to save quantum-optical designers time and money, by eliminating the need to carry out repeated experiments to test and optimize physical prototypes.

Team members:

// Super.tech is developing software that accelerates quantum computing applications by optimizing across the system stack from algorithms to control pulses. The company in August announced the launch of a software platform endeavoring to make quantum computing commercially viable years sooner than otherwise possible.

The platform, calledSuperstaQ, connects applications to quantum computers from IBM Quantum, IonQ, and Rigetti, and optimizes software across the system stack to boost the performance of the underlying quantum computers.

Team members:

Of the teams presenting, Axion, qBraid, Quantopticon, and Super.tech were selected from a competitive pool of applicants from all over the globe and vetted by an internal review process to participate in Cohort 1 of Duality.

Launched in April 2021,Duality is the first-of-its-kind accelerator aimed at supporting next-generation startups focused on quantum science and technology. The 12-month program provides world-class business and entrepreneurship training from theUniversity of Chicago Booth School of Business, Polsky Center, and the opportunity to engage the networks, facilities, and programming from the Chicago Quantum Exchange, the University of Illinois Urbana-Champaign, Argonne National Laboratory, and P33.

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View: Its the Spacetime to Quantum – Economic Times

In July, the European Organisation for Nuclear Research (Cern) announced it would deploy quantum computers (QCs) to power its search for fundamental particles. Unlike a decade ago, QCs are no more tentative prototypes, but fast emerging as a viable tool for niche practical applications ranging from designing novel materials to enabling drug discovery.

QCs are now available as a cloud-based service to anyone with an internet connection. We will see the unveiling of more powerful QCs over the next five years. How prepared is India to ride the quantum technology wave?

Introduced as an idea by Nobel-winning physicist Richard Feynman in the early 1980s, QCs are not merely faster versions of the computers we use but are machines based on the laws of quantum physics. A typical QC hardware computes by manipulating electrons and nuclei using electromagnetic radiation from lasers. The technology is complex as precise control over these delicate manipulation schemes is necessary to perform calculations. If this technology can be mastered, QCs promise, at least for a certain class of problems, unprecedented computational speeds not attainable even by the fastest supercomputers available today.

Barring a few premier institutions, quantum computing is not yet part of the curriculum in most Indian universities and colleges. This issue must be addressed through a programme to skill faculty, enabling them to teach engineering and science undergraduates. By 2024, Indias software developer community is expected to be the largest in the world. By training this community, India can create a quantum workforce for itself and the world.

GoI and the industry must support interdisciplinary research and development in quantum science and technologies. As part of the National Mission on Quantum Technologies and Applications (NM-QTA), the 2020 budget had committed 8,000 crore. Also, a Technology Innovation Hub (TIH) for quantum technologies has been set up at Indian Institute of Science Education and Research (IISER), Pune, focused on translating research into products and services. These investments must increase. At present, private investments are lacking. Industry and PSUs must be incentivised to evaluate and work on applications relevant to their domain.

Quantum technologies include a whole gamut of interrelated technologies quantum cryptography, quantum sensors, quantum materials, quantum meteorology, etc. Products based on quantum cryptography for secure communications are already available in the market. However, unambiguous evidence of societal benefits of QCs is still lacking. Demonstrating a few showcase applications is critical to persuade industry to invest in quantum technologies. These applications could be in drug discovery, logistics and optimisation, new materials, fintech, machine learning and defence. This will have a cascading effect of seeding a vibrant quantum startup ecosystem leading to job-creation and economic growth.

India must build its own competitively sized QC in mission mode by pooling its existing academic expertise. A few indigenous QCs will give India a voice in shaping the future of quantum computing. With the right policy framework and incentives, India has the potential to become a key player in a global quantum technology market anticipated to reach $31.57 billion (2.32 lakh crore) by 2026. This will generate more technical jobs in the coming decades. India must move fast to respond to the fast-evolving quantum landscape.

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Ark Invest to split ‘60% Bitcoin, 40% Ether’ as confidence in ETH grows ‘dramatically’ – Cointelegraph

Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Arks confidence in Ethers future.

Woods prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark Investments future exposure to crypto was likely to be around 60% Bitcoin and 40% Ethereum.

Wood made the comments Monday, during a live stream at the SALT Conference in New York.

Her BTC price thesis is based on more companies adding Bitcoin to their balance sheets and institutional investors allocating around 5% of their portfolios towards Bitcoin or other cryptos.

In her view, Bitcoin still remains the default currency of the crypto space with El Salvador deeming it legal tender and other countries of Central America signalling they may follow soon.

But she said Ethereum is becoming more and more attractive as an investment thanks to the explosion in developer activity related to NFTs and DeFi.

I'm fascinated with what's going on in DeFi, which is collapsing the cost of the infrastructure for financial services in a way that I know that the traditional financial industry does not appreciate right now," she said.

Ark Investment manages several actively exchange-traded funds with a focus on disruptive innovation. It has significant investments in Coinbase and shares in the Grayscale Bitcoin Trust, Wood has spoken frequently about her enthusiasm for Bitcoin.

Related: Bitcoin bull run sparks $180K BTC price prediction ahead of institutional fireworks

Wood said that from past experience she believed no regulator, including new SEC chair Gary Gensler, would want to be blamed for preventing the next big tech breakthrough.

Wood believes the SECs threats to pursue legal action against Coinbase regarding the launch of a stablecoin yield product highlights that the crypto ecosystem is developing faster than the regulators have been able keep up with.

In her view, Coinbase shouldnt be especially worried. Wood highlighted how in October 2019 Canada's largest Bitcoin and digital asset fund manager received a favorable ruling from the Ontario Securities Commission (OSC) to offer a publicly-traded Bitcoin fund.

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Remittances to El Salvador are cheaper without using bitcoin – Quartz

El Salvador president Nayib Bukele says the country will save $400 million a year in remittance fees by adopting bitcoin. That claim doesnt necessarily stack up.

A quick recap: The Central American country rolled out its bitcoin wallet app, called Chivo, on Sept. 7. Businesses are now obliged to accept the crypto token and the US greenback, which was already a national currency, for payments. Bukele seeded the wallets using taxpayer money with $30 worth of bitcoin to get things rolling. The president ishoping to attract a new generation of crypto entrepreneurs and to cut the expense of remittances, which are estimated to make up around 20% of gross domestic product.

Unfortunately for Salvadorans, there may not be a cost or time savings for remittances using bitcoin versus PayPal (via its Xoom offering) or Western Union, according to Jason Mikula, a fintech consultant. Mikula crunched the numbers for sending $200 from the US to El Salvador; his analysis assumes the sender is starting out in US dollars and traded them for bitcoin using Coinbase, the largest US crypto exchange. (He notes that some crypto proponents assume the transaction starts out in bitcoin, which he suggests is unreasonable as most people hold their funds in fiat currencies.)

Exchanging $200 for bitcoin costs between $2.99 to $7.67 at Coinbase, depending on whether the transaction is funded using PayPal, ACH, or debit, Mikula says. The exchange may charge an additional spread for the transaction (the gap between the bid and offer prices for bitcoin on its exchange). Theres also a network fee (paid to the crypto miners who process transactions on a blockchain) to send bitcoin from Coinbase to a Chivo wallet in El Salvador, which runs around $3. El Salvadors bitcoin wallet lets users switch between the US currency and bitcoin at no cost.

By contrast, a person can send $200 from the US to El Salvador using Western Unions mobile wallet, called Tigo, at no cost and in minutes, according to the companys website. Mikula speculates that Western Union may be willing to eat the transaction costs (debit/credit interchange) because fewer remittances are sent this way. Western Union charges a hefty fee for transactions using physical cash: it costs $9 to $18 to send $200 in cash from the US to El Salvador. This is probably a popular way of sending money, as around 70% of the people there dont have a bank account.

Bukele is correct about at least one thing: Remittances are a critical lifeline for millions of people in El Salvador. Around 18% of households receive them, taking in an average of about $195 per month, according to a report from researchers at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise. They found that remittance costs there absorb about 2.95% of transactions, the lowest level of any nation in the Latin American-Caribbean region.

And they, too, found that sending remittances using bitcoins blockchain rails is more expensive than the systems already in place. Their analysis is partly based on the assumption that people in El Salvador want paper greenbacks, not bitcoin, and will have to pay up a crypto ATM to withdraw the hard currency. (They note that the coastal town of El Zonte, El Salvador, made bitcoin a local currency in 2019, but it didnt catch on.) At present, traditional transfer methods are the cheapest way to make remittance payments, they wrote.

Bukeles controversial bitcoin gamble has a number of serious risks for El Salvador, including the potential to undermine financial stability. That said, there could be some upside if the Chivo wallet succeeds in making digital payments and mobile wallets into the hands of the countrys vast majority that is unbanked. That infrastructure actually could reduce remittance costswithout using bitcoin.

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El Salvadors Bitcoin day: The first of many or a one-off? – Cointelegraph

On Sept. 7, in a historic first, the small Central American nation of El Salvador adopted Bitcoin as legal tender.

The true significance of this day for how people all around the world exchange value and what meaning they ascribe to the concept of money will take some time to reify and be fully understood. Yet, what is already clear is that September 2021 will be up there next to January 2009 in the history books of the digitization of finance.

Surrounded by controversy, protests, bumpy infrastructure rollout how else? but also the joy and optimism of millions globally who look at this great experiment with hope, the Bitcoin Day marked the first instance of a sovereign state making a decentralized digital asset its national currency. Was it a success, after all?

A nation of under 7 million, El Salvador has long waived its claim for monetary sovereignty. In 2001, it ditched the coln, its national currency in use for more than a century, in favor of the United States dollar. The move made a lot of practical sense since the share of remittances a good chunk of them coming from U.S.-based Salvadorans in the countrys gross domestic product exceeded 16% at peak points.

At that time, the move by then-president Francisco Flores Prez sparked protests and was condemned by detractors who claimed it was undemocratic and allegedly benefitted the bankers and the rich.

Two decades later, President Nayib Bukele a forty-year-old who rose to power at the helm of a party called New Ideas added another chapter to El Salvadors monetary saga this time, supplementing a foreign currency circulating in the country with one unhemmed by borders.

Much like 20 years ago, there has been backlash concerning the Bitcoin Law. However, the same pollsthat show a lack of support for Bitcoin (BTC) as a new means of payment suggest that a large share of Salvadorans have a limited understanding of what it is and how it will affect their lives.

Furthermore, in many cases, resentment toward Bitcoin can be linked to resentment toward Bukele, who, despite robust approval ratings, remains a divisive figure whose alleged autocratic tendencies concern some international observers.

In sum, there are good reasons to believe that there is no powerful ideological opposition to the concept of decentralized finance in El Salvador, and whatever pushback currently exists will likely dissipate further down the adoption curve if implementation proves to be an ultimate success.

Meanwhile, the somewhat rushed launch of the payments infrastructure was, expectedly, far from seamless. The government-run Chivo wallet went down for several hours, and some retail workers reportedly didnt know how to process BTC payments. Soon after the launch, the president himself took on the role of customer support,tweeting updates on the state of the wallet service.

Yet overall, according to the accounts of those who were there to witness El Salvador making its first steps as a Bitcoin nation, things started to smoothen soon after a choppy start. Bart Mol, founder and host of the Satoshi Radio podcast,tweeted along his journey from Chivo ATMs that didnt work to successfully performing Lightning transactions to pay for pizza and coffee at separate retail locations.

The overall feeling, Mol concluded, was that of witnessing history.

Institutions of the global financial system seem less excited. The International Monetary Fund has been passive-aggressive about El Salvadors Bitcoin Law since it passed early this summer. Perhaps, if this experiment yields favorable results, the IMF and other global financial bodies will come around?

Some legal professionals are skeptical about this prospect. During a Discord ask me anything (AMA) session withCointelegraph Markets Pro subscribers last week, Cointelegraph general counsel Zachary Kelman opined that global financial institutions are unlikely to ever get on board with Bitcoin as national currency:

Other nation-states, however, are watching closely. Granted, El Salvadors position as the regions remittances leader, combined with its earlier experience in outsourcing the national money function to a foreign currency, makes for a rare combination. Most other nations have higher bars to clear even if they could muster political momentum for making a decentralized money legal tender.

Still, the potential favorable effects of El Salvadors move could nudge other countries to consider Bitcoin as a payment infrastructure more seriously. Amanda Wick, chief of legal affairs at blockchain analytics firm Chainalysis, told Cointelegraph that cryptocurrency is an ideal technology for remittances, and it is thus well-positioned to serve remittance-heavy economies:

The reported acceleration of other countries central bank digital currency research programs, the push to define cryptos legal status in Ukraine, and discussions to make cryptocurrency a legal alternative payment method in Panama can all be seen as carry-over effects of El Salvadors bold initiative.

Related:Slow to start: Crypto regulators lagging behind blockchain industry

Evidently, not every nation-state is in a position to embrace Bitcoin as the national currency. But on Sept. 7, virtually everyone was prompted to reassess where they stand on the digital money map of the world.

Regardless of the outcome of the El Salvador experiment, the pioneering example of the Central American nation has already pushed cryptocurrency deeper into the mainstream political agenda than it could ever get without recognition by a sovereign state.

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It’s possible to invest in cryptocurrency in an IRA, but experts warn against it – CNBC

Over the past year, interest in cryptocurrency has become much more mainstream, with the price of bitcoin, the largest by market value, surging to a record high in April.

With all of the hype, you might be wondering if it's possible and worthwhile to invest in cryptocurrency for retirement, specifically in your individual retirement account, or IRA.

It is possible through a self-directed IRA, which can be used to hold alternative investments normally not permitted in a traditional IRA, such as real estate or commodities. However, experts generally warn against it.

Here's why you should probably avoid investing in cryptocurrency for retirement.

One reason experts warn against investing in cryptocurrency through a self-directed IRA is because they're not widely available and don't make sense for most investors. Generally, they can be both risky and expensive to maintain, even without cryptocurrency holdings.

There are also strict rules in place from the Internal Revenue Service regarding which investments are prohibited in IRAs. With a self-directed IRA, you manage all the investments yourself, so you're personally on the hook if any rules are broken.

"Self-directed IRAs usually require a specialized firm or custodian and the costs can be sizable due to the additional compliance and IRA requirements," Anjali Jariwala, certified financial planner, certified public accountant and founder ofFit Advisors,tellsCNBC Make It."[I]f you fail to abide by all of the rules, then your account may lose its tax-deferred status."

There's also the potential for fraud, as the Securities and Exchange Commission, or SEC, has previously warned. "While a broader set of investment options may have appeal, investors should be mindful that investments in self-directed IRAs raise risks, including fraudulent schemes, high fees and volatile performance," the SEC wrote in 2018.

"I would be really concerned with someone's decision to proceed," Jariwala says.

In addition to the risks of a self-directed IRA, Jariwala warns against investing retirement money in cryptocurrency specifically, due to its volatile and speculative nature.

Cryptocurrency investors generally need to be comfortable with extreme price swings and potentially losing their entire investment. For that reason, crypto may not be the best option in a retirement portfolio. It may make more sense as a relatively small portion of your overall portfolio since it can dramatically increase your portfolio's risk profile and potential drawdowns.

"I believe in diversification and prefer IRA-type accounts to be invested in the markets," Jariwala says. "If [an investor has] extra money that is in cash or sitting in a brokerage account, that may be used toward more speculative investments like bitcoin, but I wouldn't try to find a way to invest retirement money."

It's also important to consider the possibility for additional cryptocurrency regulation before adding it to your self-directed IRA.

"Currently, crypto is viewed as property, but if the IRS changes the asset type, it may become one that cannot be held in a self-directed IRA," Jariwala says. If that happens, "you might be stuck and forced to liquidateat an unfavorable time or face severe tax issues."

If, despite the risks, you still want to invest in cryptocurrency, try starting with an amount you can afford to lose outside of your retirement savings. Allocating a smaller portion of your overall portfolio can assist in hedging risk, while also giving you exposure to cryptocurrency assets.

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Ask crypto experts anything about bitcoin recovery and cryptocurrency chaos – The Independent

Bitcoin and the broader crypto market have seen a steady recover in recent months following the price crash in April and May that wiped more than a trillion dollars from the overall market cap.

But a rocky roll out of El Salvadors pioneering Bitcoin Law, together with hoax news articles about litecoin and more market-moving tweets from Elon Musk, have caused a chaotic few days for cryptocurrencies.

To help make sense of it all, as well as speculate on what the future holds for bitcoin and other leading cryptocurrencies, The Independent has invited two experts in their fields to offer their thoughts and predictions.

Follow all the latest crypto market updates with The Independents live blog

Simon Trimborn, an assistant professor at the Department of Management Sciences at the City University of Hong Kong, and Fred Schebesta, a crypto advocate and founder of comparison platform Finder.com, will join us.

They will give readers an opportunity to ask anything they like about bitcoin and the crypto space.

Put your questions below and they will then be on hand to answer them on 15 September.

All you have to do is register to submit your question in the comments below.

If youre not already a member, click sign up in the comments box to leave your question. Dont worry if you cant see your question theyll be hidden until we post the live stream recording in this article.

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Ask crypto experts anything about bitcoin recovery and cryptocurrency chaos - The Independent

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