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Flattening The Complexity Of Quantum Circuits – Asian Scientist Magazine

AsianScientist (Jun. 12, 2020) In a study published in New Journal of Physics, researchers in Japan have devised a way to connect qubits that could make quantum computers more feasible.

Quantum computers use the fundamentals of quantum mechanics to process significantly greater amounts of information much faster than classical computers. It is expected that when error-corrected and fault-tolerant quantum computation is achieved, scientific and technological advancement will occur at an unprecedented scale.

But building quantum computers for large-scale computation is proving to be a challenge in terms of their architecture. The basic units of a quantum computer are the quantum bits or qubits. These are typically atoms, ions, photons, subatomic particles such as electrons, or even larger elements that simultaneously exist in multiple states, making it possible to obtain several potential outcomes rapidly for large volumes of data.

The theoretical requirement for quantum computers is that these are arranged in two-dimensional (2D) arrays, where each qubit is both coupled with its nearest neighbor and connected to the necessary external control lines and devices. When the number of qubits in an array is increased, it becomes difficult to reach qubits in the interior of the array from the edge. The need to solve this problem has so far resulted in complex three-dimensional (3D) wiring systems across multiple planes in which many wires intersect, making their construction a significant engineering challenge.

Now, a team of scientists from Tokyo University of Science, RIKEN Centre for Emergent Matter Science and University of Technology, Sydney, have developed a unique solution to this qubit accessibility problem by modifying the architecture of the qubit array.

Here, we solve this problem and present a modified superconducting micro-architecture that does not require any 3D external line technology and reverts to a completely planar design, the researchers said.

The scientists began with a qubit square lattice array and stretched out each column in the 2D plane. They then folded each successive column on top of each other, forming a dual one-dimensional array called a bi-linear array. This put all qubits on the edge and simplified the arrangement of the required wiring system.

In this new architecture, some of the inter-qubit wiringeach qubit is also connected to all adjacent qubits in an arraydoes overlap, but because these are the only overlaps in the wiring, simple local 3D systems such as airbridges at the point of overlap are enough and the system overall remains in 2D.

The team evaluated the feasibility of this new arrangement through numerical and experimental evaluation in which they tested how much of a signal was retained before and after it passed through an airbridge. Results of both evaluations showed that it is possible to build and run this system using existing technology and without any 3D arrangement.

The experiments also showed that their architecture solves several problems that plague the 3D structures, namely that they are difficult to construct, there is crosstalk or signal interference between waves transmitted across two wires, and the fragile quantum states of the qubits can degrade. The novel pseudo-2D design reduces the number of times wires cross each other, thereby reducing the crosstalk and consequently increasing the efficiency of the system.

The quantum computer is an information device expected to far exceed the capabilities of modern computers, said study corresponding author Professor Tsai Jaw-Shen. We are planning to construct a small-scale circuit to further examine and explore the possibility.

The article can be found at: Mukai et al. (2020) Pseudo-2D Superconducting Quantum Computing Circuit for the Surface Code: Proposal and Preliminary Tests.

Source: Tokyo University of Science; Photo: Adapted from Tokyo University of Science video.Disclaimer: This article does not necessarily reflect the views of AsianScientist or its staff.

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Quantum material research connecting physicists in Hong Kong, Beijing and Shanghai facilitates discovery of better materials that benefit our society…

A joint research team from the University of Hong Kong (HKU), Institute of Physics at Chinese Academy of Science, Songshan Lake Materials Laboratory, Beihang University in Beijing and Fudan University in Shanghai, has provided a successful example of modern era quantum material research. By means of the state-of-art quantum many-body simulations, performed on the worlds fastest supercomputers (Tianhe-I and Tianhe-III protype at National Supercomputer Center in Tianjin and Tianhe-II at National Supercomputer Center in Guangzhou), they achieved accurate model calculations for a rare-earth magnet TmMgGaO4 (TMGO). They found that the material, under the correct temperature regime, could realise the the long-sought-after two-dimensional topological Kosterlitz-Thouless (KT) phase, which completed the pursuit of identifying the KT physics in quantum magnetic materials for half a century. The research work has been published in Nature Communications.

Quantum materials are becoming the cornerstone of the continuous prosperity of human society. From the next-generation AI computing chips that go beyond Moores law (the law is the observation that the number of transistors in a dense integrated circuit doubles about every two years, our PCs and smartphones are all based on the success of it. Nevertheless, as the size of the transistors are becoming smaller to the scale of nanometer, the behaviour of electrons are subject to quantum mechanics, Moores law is expected to breakdown very soon), to the high speed Maglev train and the topological unit for quantum computers, investigations along these directions all belong to the arena of quantum material research.

However, such research is by no means easy. The difficulty lies in the fact that scientists have to solve the millions of thousands of the electrons in the material in a quantum mechanical way (hence quantum materials are also called quantum many-body systems), this is far beyond the time of paper and pencil, and requires instead modern quantum many-body computational techniques and advanced analysis. Thanks to the fast development of the supercomputing platforms all over the world, scientists and engineers are now making great use of these computation facilities and advanced mathematical tools to discover better materials to benefit our society.

The research is inspired by the KT phase theory avocated by J Michael Kosterlitz, David J Thouless and F Duncan M Haldane, laureates of the Nobel Prize in Phyiscs 2016. They were awarded for their theoretical discoveries of topological phase and phase transitions of matter. Topology is a new way of classifying and predicting the properties of materials in condensed matter physics, and is now becoming the main stream of quantum material research and industry, with broad potential applications in quantum computing, lossless transmission of signals for information technology, etc. Back in the 1970s, Kosterlitz and Thouless had predicted the existence of topological phase, hence named after them as the KT phase, in quantum magnetic materials. However, although such phenomena have been found in superfluids and superconductors, KT phase has yet been realised in bulk magnetic material.

The joint team is led by Dr Zi Yang Meng from HKU, Dr Wei Li from Beihang Univeristy and Professor Yang Qi from Fudan University. Their joint effort has revealed the comprehensive properties of the material TMGO. For example, in Figure 2, by self-adjustable tensor network calculation, they computed the properties of the model system at different temperatures, magnetic field, and by comparing with the corresponding experimental results of the material, they identified the correct microscopic model parameters. With the correct microscopic model on hand, they then performed quantum Monte Carlo simulation and obtained the neutron scattering magnetic spectra at different temperatures (neutron scattering is the established detection method for material structure and their magnetic properties, the closest such facility to Hong Kong is the China Spallation Neutron Source in Dongguan, Guangdong). As shown in Figure 3, the magnetic spectra with its unique signature at the M point is the dynamical fingerprint of the topological KT phase that has been proposed more than half-a-century ago.

This research work provides the missing piece of topological KT phenomena in the bulk magnetic materials, and has completed the half-a-century pursuit which eventually leads to the Nobel Physics Prize of 2016. Since the topological phase of matter is the main theme of condensed matter and quantum material research nowadays, it is expected that this work will inspire many follow-up theoretical and experimental researches, and in fact, promising results for further identification of the topological properties in quantum magnet have been obtained among the joint team and our collaborators, said Dr Meng.

Dr Meng added: The joint team research across Hong Kong, Beijing and Shanghai also sets up the protocol of modern quantum material research, such protocol will certainly lead to more profound and impactful discoveries in quantum materials. The computation power of our smartphone nowadays is more powerful than the supercomputers 20 years ago, one can optimistically foresee that with the correct quantum material as the building block, personal devices in 20 years time can certainly be more powerful than the fastest supercomputers right now, with minimal energy cost of everyday battery.

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Bitcoin Suddenly Plunged To $8,900And It May Kickstart A 3-Month Correction – Forbes

LONDON, ENGLAND - AUGUST 15: In this photo illustration a visual representation of the digital ... [+] currency Bitcoin sinks into water on August 15, 2018 in London, England. Most digital currencies including Bitcoin, (BTC) Ethereum, (ETH) Ripple (XRP) and Stella (XLM) have seen a dramatic fall in their prices throughout 2018 amid a 'mass sell-off'. In December 2017 the price of BTC hit $20,000 USD but has since fallen to around $6000 USD. (Photo Illustration by Dan Kitwood/Getty Images)

The price of Bitcoin dropped to as low as $8,892 on June 15 following a spike in selling pressure on U.S. crypto exchanges. Historical data suggests the abrupt decline of BTC at a crucial price point could catalyze a multi-month correction.

Since October 2019, $10,500 has acted as a key resistance level for Bitcoin.

Every attempt of Bitcoin to surge past $10,500 in the last nine months was met with a strong rejection followed by a steep downtrend.

In October 2019, Bitcoins failed attempt at a breakout led to a 63-day correction as price fell to $6,400. In February 2020, BTC dropped to $3,600 within a 30-day period.

Now, after the 3rd failed retest of $10,500, Bitcoin at risk of seeing a triple formationa highly bearish pattern in technical analysis.

The price of Bitcoin is at risk of seeing a triple top.

In an interview, Michael van de Poppe, full-time trader at Amsterdam Stock Exchange, emphasized that the uptrend of Bitcoin is intact until it drops below $8,600.

If BTC declines to the mid-$8,000 region, the trader said it could potentially lead to a downtrend to the range of mid-$6,000s to $7,600.

He said:

My viewpoint on the market is that we're on a crucial pivot... Why a crucial pivot? If $8,600 is lost, the uptrend is lost and potentially many stop/loss triggers can cascade a further downwards drop. In that regard, I assume the levels around $7,300-$7,600 are likely to be tested and potentially even the 200-week MA around mid $6ks for a required test.

But, the bearish scenario for Bitcoin is dependent on whether BTC can protect the $8,600 support level.

In the near-term, Bitcoin either has to regain momentum above $9,000 and avoid a correction or fall below $8,600 and risk a several-month-long bear cycle.

Van de Poppe said:

In general, as long as the price remains above the previous low at $8,600, the upwards trend is still intact. This upwards trend started since the heavy crash of March 12th. Through that, a potential wick to $8,800-8,900 can still occur, but price of Bitcoin needs to reclaim $9,300 relatively fast in order to sustain that upwards momentum.

One variable that may continue to affect the price of Bitcoin is its ostensible correlation with the U.S. stock market.

Since early April, the price trend of Bitcoin has closely resembled the S&P 500, indicating that various geopolitical risks in the global economy are pressuring investors to approach risk-on assets with caution.

Historical correlation between Bitcoin and the S&P500.

Holger Zschaepitz, market analyst at Welt, said:

Global markets start in risk-off mode to week as 2nd-wave fears grow. U.S. and European futures retreated along with Asia shares. More than 20 US states seeing pick-up in cases, Tokyo reported jump and Beijing fresh breakout. Bonds gain with U.S. 10-year 0.66%. Brent Oil drop to 37.58, Gold $1,727, Bitcoin $9.1k.

While Bitcoin itself is considered as an uncorrelated asset, there are aspects of the Bitcoin market that lead the price of BTC to be impacted by geopolitical risks to some extent.

For instance, the largest stablecoin in the crypto market is Tether (USDT) and it accounts for a large portion of daily Bitcoin volume.

Chinese investors typically buy Bitcoin through Tether to circumvent strict restrictions. On-chain data showed that the majority of Tether volume came from China in 2019.

Ongoing slump in the global economy and rising tensions between key governments could also amplify uncertainty in the cryptocurrency market in the short-term.

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Inactive Bitcoin Supply Reaches 4-Year High, Pointing to Bullish Sentiment – CoinDesk – CoinDesk

On-chain data indicates crypto investors arent taking profits but are holding on despite uncertain economic conditions and bitcoins strong performance.

At the time of publication, 60.63% of all bitcoins have not moved in at least a year, according to data from Glassnode. This data suggests bitcoin ownership is consolidating, and investors who bought at the cycle bottom in 2018 have been reluctant to take profits and relinquish their bitcoin holdings. Its been over four years since a percentage of supply this large has been inactive.

One method to analyze inactive bitcoins has been to group them by the length of time theyve been inactive. Called HODL Waves, this data analysis was pioneered by Austin, Texas-based Unchained Capital to display macroscopic shifts in bitcoin ownership and use. It may also give a sense of investor preferences.

Each wave one day, one month, six months, two years, five years, etc. represents the period of time in which a percentage of the issued supply has not been used in a transaction, or, in other words, has been inactive.

The term HODL represents the behaviour of die-hard bitcoin investors who chose to hold bitcoins with practically no intention of using or selling those coins. Thus, each wave visualizes what percentage of the bitcoin supply has been HODLed and for how long.

Dhruv Bansal, co-founder and CSO at Unchained Capital, explained that this HODL Wave data suggests investors who bought bitcoin on the way down from $6,000 to $3,000 in 2018 are still holding it despite the tremendous gains since then and the recent economic turbulence.

Curiously, the two age segments that have grown the most are coins held for more than 10 years and those held for two to three years, which are up 31% and 26% year to date, respectively. In 2020, the two- to three-year band represents coins held from the 2017 market all-time high to present.

Every bitcoin investor might not intentionally HODL though. Speculating on the two- to three-year band waves growth, Yassine Elmandjra, cryptocurrency analyst at ARK Investment Management, told CoinDesk his guess is growth in this coin age group could, among other things, be a function of retail investors who bought at the peak and lost their Trezor [wallet] or cant log into Coinbase.

Despite an extremely volatile Q1 2020 and ongoing macroeconomic uncertainty, an increasing amount of dormant bitcoins confirms that buyers still believe in their investment more than ever.

According to Bansal, If you believe bitcoins price history repeats or at least rhymes, then this may be a bullish sign, the market consolidating into strong hands as macro trends highlight bitcoins value proposition.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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6 Reasons Why 2020 Is a Great Year for Bitcoin – CoinDesk – CoinDesk

A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Heres the opposite case.

Bitcoinis up more than 30% on the year. After a crash alongside equities, it has proved incredibly resilient. There are famous new entrants to the space like Paul Tudor Jones II.

So how can a Bloomberg editor argue the year has been bad for bitcoin?

In this response podcast, NLW argues that most of the arguments are about narrative, not the underlying fundamentals. He presents six reasons why not only has it not been a bad year, but the exact opposite is true:

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Crypto 101: How to Send and Receive Bitcoin Cash Via the Bitcoin.com Wallet | Featured – Bitcoin News

During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are not used to using crypto assets and have never experienced the process. The following article is a quick guide on how to get a cryptocurrency address, receive digital assets, and send them as well.

Amid the crazy economy, a lot of people have noticed a number of cryptocurrencies like bitcoin (BTC), ethereum (ETH), and bitcoin cash (BCH) have done far better performance-wise than a majority of stocks, bonds, and commodity assets worldwide. For instance, the crypto asset bitcoin cash (BCH) dropped to a low of $150 per unit on March 12, 2020, otherwise known as Black Thursday. The price of bitcoin cash has gained 60.66% since then at todays BCH price of roughly $241 per BCH. At a price of $9,453 per unit, Bitcoin (BTC) has gained 162% since March 12, when it traded for $3,600 for a brief period that day.

Besides the price rises, many people are beginning to understand the importance of a censorship-resistant and permissionless, electronic peer-to-peer cash. However, many people get frustrated when they try and learn the process of obtaining a crypto address, receiving digital currencies, and sending them to people after learning to store them in a wallet. In this article, you will learn the basics of all three of those tasks by leveraging a noncustodial Bitcoin.com Wallet and some practice.

In order to get a cryptocurrency address, you need a wallet. Basically crypto wallets are software applications that allow you to send, receive, and store digital currencies on a mobile phone, laptop, tablet, or desktop computer. The Bitcoin.com Wallet allows people to use bitcoin cash (BCH), bitcoin (BTC), and crypto tokens built using the Simple Ledger Protocol (SLP). For todays testing, we are only focusing on the cryptocurrency bitcoin cash with the ticker symbol BCH. The Bitcoin.com Wallet is noncustodial, which means the company has zero access to the funds and you are 100% in control of the storage. This means when you create a wallet, you need to back it up immediately using the twelve-word mnemonic phrase.

Once you have created a Bitcoin.com Wallet on one of your devices, the process of storing, sending, and receiving is very simple. All you need to do to obtain a bitcoin cash (BCH) address via the Bitcoin.com Wallet is by simply pressing receive. You need to choose what wallet you will be receiving to and in this example, it would be bitcoin cash (BCH). After selecting BCH, the wallet will generate an alphanumeric address that allows you to accept BCH to that specific address.

There are two ways to copy the address. One way is giving someone a copy or picture of the QR code, and a person with a QR code reader tied to their bitcoin cash wallet will be able to scan the code. The second way is by copying and pasting the BCH address by copying it to your devices clipboard and sending it to another person. With this address, any person from anywhere around the world can send you bitcoin cash.

Once someone has sent you some bitcoin cash, you then have the ability to send it all to another address or send it in fractions to various individual addresses. To send someone some BCH, simply launch the Bitcoin.com Wallet and select the send button. This will direct you to a screen that allows you two options; either copy and paste the recipients wallet address into the address box or you can select scan QR code.

After one of those two options has been completed, you need to choose a wallet that holds your unspent bitcoin cash (BCH) and enter the amount you wish to send to the individual. After selecting the number of funds you want to send, simply press the next button. There will be a confirmation screen that shows you all the details of your transaction and if you are happy with the details, simply slide to send to deliver the transaction. Alternatively, you can also send money from one wallet to another wallet within your devices application.

Obtaining a cryptocurrency address is very easy once you download a wallet, and most wallets follow the same standards when it comes to getting an address and the sending and receiving processes. There are many wallets that allow people to store cryptocurrencies in a noncustodial fashion.

Also if it is a different cryptocurrency, obtaining an address and sending and receiving an address is pretty much the same process. The biggest difference is, each cryptocurrency has an alphanumeric string, but they look different in the beginning of the address. For instance, bitcoin cash (BCH) addresses look different than ethereum (ETH) addresses, but the process of sending and receiving is the same.

After doing these steps a few times, you should easily get the hang of obtaining a crypto address, and using a wallet to send and receive digital currencies. When practicing, try sending small fractions of a cryptocurrency like bitcoin cash (BCH) in order to feel more comfortable with the processes. A great number of crypto assets have a network fee associated with sending a cryptocurrency, and bitcoin cash (BCH) fees are always less than a U.S. penny per transaction.

On the BTC and ETH networks, fees could be higher than you realize, and you may have to adjust a transaction accordingly. Besides fees, doing this step-by-step process regularly with even just a few dollars in bitcoin cash, will turn you into a well-seasoned machine in no time. Also, check out the video below to get a visual presentation of these processes as well.

What do you think about the step-by-step process of obtaining an address and sending and receiving cryptocurrencies? Let us know in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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Currency wars: The rise of bitcoin – Opinion – Jakarta Post

A long time ago, in a galaxy far, far away. The year was 1944 in the United States. The 44 allied countries met in Bretton Woods in order to confer on moving towards fixing and backing the US dollar, along with other currencies, with gold, thus starting an era when currencies were fixed or to gold.

For the next 26 years, this standard remained and the US dollar became the de facto reserve currency of the world. At the end of World War II, the US controlled about two thirds of the worlds gold reserve.

Countries that have the worlds reserve currencies are powerful and tended to get away with borrowing a lot. Thats because other countries were inclined to hold the debt/money as it can be used for spending around the world. All of that borrowing will have to be paid back one day.

By 1971, the US Federal Reserve had printed so much debt that they didnt have enough gold to back up the US dollar. As a result, the Bretton Woods monetary system broke down in 1971 when President Nixon, like President Roosevelt in 1933, defaulted on the USs promise of allowing holders of paper dollars to turn them in for gold.

Therefore, the dollar is no longer pegged to gold and it devalued against gold and other currencies. During this period, the US and all countries went into a free-floating currency era where the value of each currency was not backed by a particular asset but remained relative in value to other asset classes.

The move to a fiat monetary system gave the Federal Reserve and other central banks the ability to print dollar-denominated money and credit, which led to the inflationary during the 1970s. During this period, there was a flight from dollars and dollar-denominated debt to goods, services, and inflation-hedge assets such as gold which many considered to be a good store of wealth. During this period we moved from asset-backed money towards a floating fiat currency not backed by assets. And for the next 50 years, this worked fine.

In 2008, interest rates hit the lowest levels during the economic recession and the US government decided to initiate quantitative easing by printing more money and buying financial assets. Fast forward to today, their debt has ballooned to US$24 trillion dollars as of April 2020.

But something unexpected happened. The coronavirus triggered the economic and market downturns all over the world, which created holes in incomes and balance sheets, especially for indebted entities whose incomes have been affected by the downturn.

So, on April 9, 2020, the US central government and the US central bank or the Fed announced a massive money and credit creation program that included helicopter money (direct payments from the government to citizens) that eclipsed anything theyve done before. This was essentially the same move that Roosevelt made in 1933.

However skeptics point out that the hope for growth, created by the debt printed by the Fed, is not reflected by the productivity gains from businesses around the world. This scenario tends to lead to inflation. If we looked back historically, these periods tend to be characterized by people converting assets to those that are not inflationary in nature, such as gold or assets that have a fixed amount or a scarcity quality to it.

In 2009, Satoshi Nakamoto created Bitcoin with the idea of building an alternative currency as a response to the financial recession of 2008 and the burgeoning debt around the US dollar. The hope was to create an alternative financial system that is resilient against socio-economic changes and geopolitical fights.

The idea behind bitcoin is simple. At its core, bitcoin is an alternative currency that is among other things:

(1) Decentralized and not controlled by any person/entity being (built through a decentralized network).

(2) Scarce in nature (only 21 million bitcoins will ever be created) and therefore deflationary in nature- over time it becomes more and more difficult to produce bitcoins (thus, theoretically making its value go up).

Over the past 10 years, bitcoins growth in acceptance and value has kept rising and the currency has shown its resilience over many peaks and troughs throughout its short lifetime. In the backdrop of what is going on in the world today, many believe that bitcoin can be the next global reserve currency and become the safe have asset.

We have already seen Bitcoin being used more in countries where its national currency goes through massive inflation (such as Argentina, Brazil, Venezuela, Zimbabwe).

Bitcoin is set to go through its scheduled halving on May 11, 2020. This means that it will technically be two times as hard to mine new bitcoins, forcing miners to sell their bitcoins at a higher price in order to cover the operational cost. This will change the supply and demand dynamics with many predicting the price to continue going up.

The next few months will be an exciting time for bitcoin, as the macro-economic changes in the world set up the stage for a good testing ground for Bitcoin to prove itself. Now, its your turn to choose. May the force be with you. Always.

***

The writer is founder of Pintu, a government-registered platform to trade cryptocurrencies, and graduate of Harvard Business School, where he did research at the MIT Media Lab on cryptoasset valuations. The original article was published in Medium.com.

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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Encrypted Messaging Site Privnote Cloned to Steal Bitcoin – CoinDesk – CoinDesk

Privnote, a free web service that lets users send encrypted messages that self-destruct once read, has been copied with the reported aim of redirecting users bitcoin to criminals.

In a Sunday post on cybersecurity blog KrebsonSecurity, journalist Brian Krebs warned users of a phishing scam that lures unsuspecting victims to a near-identical version of the privnote.com website known as privnotes.com.

However, the fake site doesnt fully encrypt messages, as Krebs discovered in tests, and can read and/or modify all messages sent by users.

Just as worrying, it contains a script that hunts out messages containing bitcoin addresses and changes the original address into the bad actors own address in the sent message. This would mean any funds sent would arrive at the bitcoin address owned by the criminal, not the one intended by the message sender.

Any messages containing bitcoin addresses will be automatically altered to include a different bitcoin address, as long as the Internet addresses of the sender and receiver of the message are not the same, Krebs said in the post.

Until recently, I couldnt quite work out what Privnotes was up to, but today it became crystal clear, he said.

Krebs explained hed been notified by the owners of privnote.com that someone had built a clone version of their site and that it was tricking users of the legitimate site.

Its not hard to see why: Privnotes.com is confusingly similar in name and appearance to the real thing, and comes up second in Google search results for the term privnote. Also, anyone who mistakenly types privnotes into Google search may see at the top of the results a misleading paid ad for Privnote that actually leads to privnotes.com, Krebs wrote.

A quick Google search by CoinDesk verified this finding.

Making the scam harder to spot, the self-destructing nature of these messages means victims are unable to go back and check on the bitcoin addresses the script alters: they are sent, read and deleted. According to Allison Nixon, chief research officer at Unit 221B, who helped identify and test the phishing scam, said the script appears to only alter the first instance of a bitcoin address if its repeated within a message.

The type of people using privnote arent the type of people who are going to send that bitcoin wallet any other way for verification purposes, Nixon said in the post. Its a pretty smart scam.

Bitcoin-related scams have been on the rise in recent months, particularly with concerns relating the coronavirus pandemic. U.K residents were warned in late March that scams were being used to exploit fear and uncertainty through text messages and emails posing as an official health organization.

Even if you never use or plan to use the legitimate encrypted message service Privnote.com, this scam is a great reminder of why it pays to be extra careful about using search engines to find sites that you plan to entrust with sensitive data, Krebs said.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin is becoming more trustworthy than big banks, says survey – Decrypt

People around the world are increasingly trusting Bitcoin over big banks, according to a new survey conducted by fintech news site The Tokenist. The survey, which polled 4,852 participants across 17 countries, found that 47% of respondents trust Bitcoin over big banks, an increase of 29% in the past three years.

The survey also showed a striking generation gap when it comes to Bitcoin and the banks. While over half (51%) of millennials trust Bitcoin over big banks, an increase of 24% over 2017, over nine in ten (93%) of over-65s trust big banks over Bitcoin.

The over-65s are wary of Bitcoin in general, with half of those polled thinking that its a bubble, versus less than a quarter (24%) of millennials.

Millennials embrace of Bitcoin is partly down to increased familiarity; 78% of millennials are somewhat familiar with Bitcoin, versus 61% of total respondents, and 14% of them have owned Bitcoin. In the next five years, 44% of millennials expect to buy some Bitcoin.

Not surprisingly, then, the survey also found that 59% of millennials are confident that Bitcoin will see mass adoption within the next 10 years, and that most people around the world will likely be using it by that time.

While millennials may be leading the way in Bitcoin adoption, the survey found increased knowledge of, and growing confidence in, Bitcoin among all age and gender groups surveyed, its writers stated.

Six in ten (60%) of those polled felt that Bitcoin is a positive innovation in financial technology, an increase of 27% in three years. And over 45% of respondents preferred Bitcoin over stocks, real estate and gold.

Three years ago, many of the largest BTC brokers were relatively new and were therefore accorded a low level of trust, said the reports writers. Now, there appears to be an appreciation of the maturity, and stability, of these providers.

With stocks and shares taking a beating in the wake of the coronavirus pandemic and subsequent lockdown, some Bitcoin advocates are arguing that this is the cryptocurrencys moment. Though with Bitcoins price fluctuating in recent days, it clearly has some way to go yet.

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Cloud Computing Market 2019-2023 | Increase in Cloud Orchestration to Boost Growth | Technavio – Business Wire

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the cloud computing market and it is poised to grow by USD 190.32 billion during 2019-2023. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is moderately concentrated, and the degree of concentration will accelerate during the forecast period. Adobe Inc., Alibaba Cloud, Amazon Web Services Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increase in cloud orchestration has been instrumental in driving the growth of the market.

Cloud Computing Market 2019-2023: Segmentation

Cloud Computing Market is segmented as below:

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR32028

Cloud Computing Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cloud computing market report covers the following areas:

This study identifies the rise in edge computing and the shift toward serverless computing as one of the prime reasons driving the cloud computing market growth during the next few years.

Cloud Computing Market 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the cloud computing market, including some of the vendors such as Adobe Inc., Alibaba Cloud, Amazon Web Services Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., and SAP SE. Backed with competitive intelligence and benchmarking, our research reports on the cloud computing market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Cloud Computing Market 2019-2023: Key Highlights

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY SERVICE

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

PART 14: APPENDIX

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Excerpt from:
Cloud Computing Market 2019-2023 | Increase in Cloud Orchestration to Boost Growth | Technavio - Business Wire

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