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Nvidia supercomputer shows potential path to quantum computing
Quantum annealing systems could impact the finance and blockchain industries in a major way.
Researchers working with Nvidia supercomputers are claiming noteworthy progress in the quest to build a fully functional, commercially viable quantum computer based on supercomputer simulations conducted with graphical processing units (GPUs).
While progress toward the development of a useful quantum computer has been steady for decades, physicists are still split on exactly what path to take toward their ultimate creation.
Arguably, the two most common approaches being explored today are quantum gating and quantum annealing. The differences between the two are stark, as are their potential capabilities.
Researchers using Nvidia hardware are working toward the development of a quantum annealing system. Nvidia’s vast experience with GPUs in both the gaming and artificial intelligence sectors puts it in a unique position for its technology to be used in quantum computing research via supercomputer simulations. Read More
Crypto community reacts to Windows-CrowdStrike outage as blockchains unaffected
Many crypto community members noted that blockchains’ decentralized nature allowed them to continue running despite widespread outages across the global economy.
Members of the crypto community took to social media on July 19 expressing a feeling of triumph as blockchain networks like Bitcoin and Ethereum remained running during one of the largest information technology outages in history.
Despite the shutdown of many courts of law, healthcare providers, airlines and other essential social services, users were still free to transact on crypto and blockchain networks.
Former Bitcoin Core and Linux kernel developer Jeff Garzik noted the contrast between the widespread outages in centralized services while blockchains continue to run smoothly. In a post on social media platform X, he stated “Global IT outage: Linux, Bitcoin and Ethereum unaffected.” Read More
‘Bitcoin Keeps Hashing’ Amid Global CrowdStrike Outages: Mining CEO
The flawed security update took down networks around the world, including banks. But not Bitcoin.
While the world continues to reel from computer outages triggered by a faulty software update deployed by global cybersecurity firm CrowdStrike, it’s business as usual for Bitcoin due to its decentralized nature and independence from centralized providers and infrastructure.
Late Thursday night, CrowdStrike sent the technology world into a tailspin, as countless systems that relied on its security tools for their Microsoft-based systems were knocked offline. Major systems—including government offices, banks, and airlines—went down as computer screens displayed the dreaded blue screen of death.
In an update posted on Friday, CrowdStrike said it is actively working with customers impacted by a “defect found in a single content update for Windows hosts,” CrowdStrike said in a statement. “Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.” Read More
Bitcoin Is Booming—You Can Earn More by Playing These Free Games
UPDATE: The price of Bitcoin is climbing, and if you want to stack some satoshis while playing games, then this list will steer you right.
Bitcoin is finally on its way back up in recent days, up nearly 15% over the past week and jumping over the $67,000 mark after a few up-and-down months since hitting an all-time high price in March.
And if you’re keen on stacking satoshis however you can, here’s one way that won’t cost you anything but time: you can earn Bitcoin by playing a bunch of free games. Decrypt’s GG has been covering the rising trend of free-to-play mobile games and apps that offer up small bounties of Bitcoin for playing levels and seeing ads all the while.
While the amounts given are historically tiny, in our experience, the rising price of Bitcoin means that they may be… well, less tiny. And if your goal is amassing Bitcoin in any way that you can, these are certainly among the most enjoyable ways to earn a bit of free BTC. Here’s a look at some of the games you can play, with links to our coverage on each. Read More
BRICS Countries Advancing with a New Payment System. A Breakthrough for Global Commerce Potentially Disrupting the Dominance of the US Dollar
Recent headlines suggested that the longstanding 50-year agreement between the United States to exclusively price oil in US dollars had expired, sparking concerns that the era of the Petrodollar may end. Despite initial fears, it was later confirmed that this information was inaccurate. Nevertheless, significant developments occurred during this period as BRICS introduced a new payment system, and Saudi Arabia subsequently became a participant in this initiative.
A potentially game-changing development is on the horizon as a consortium of emerging nations, known as BRICS, prepares to unveil a new payment system, which it has been working on for years and is based on the Ethereum blockchain. This innovation, with its potential to disrupt the US dollar's dominance, could signal a long-awaited breakthrough for global commerce and provide relief to countries struggling with crippling economic sanctions and the exploitative petrodollar system. Read More
New zero energy storage tech could lead to immortal blockchains
Today’s tech allows us to preserve data for thousands of years with zero energy usage, tomorrow’s could ensure Satoshi’s vision lives on forever.
Recent advances in long-term storage could form the basis for the development of immutable digital ledgers capable of storing data for millions of years without power—in other words, immortal blockchains.
At its core, blockchain technology operates on the simple premise that data is demonstrably safer in a decentralized ledger than it is on a centralized server.
In the event of a local outage, such as the failure of a power grid, the ledger remains safe as long as there are nodes elsewhere still in operation. A centralized server can only store and serve data for as long as it’s powered. Read More
7 US States Unite to Challenge SEC's Crypto Overreach
The Office of the Attorney General of Iowa announced earlier this month that Iowa Attorney General Brenna Bird led a seven-state coalition in filing an amicus brief opposing the U.S. Securities and Exchange Commission’s (SEC) attempt to regulate cryptocurrencies. The amicus brief, supported by Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma, was filed on July 10 to challenge the SEC’s overreach.
“SEC’s power grab may stop states from protecting their citizens from scams, and it hurts the free market,” the announcement details, adding:
SEC’s policing of cryptocurrency will stifle innovation and devastate the cryptocurrency industry.
States like Iowa, which have been at the forefront of protecting scam victims and prosecuting scammers, view the SEC’s actions as a significant overreach. Read More
Ex-Coinbase staff founded NPC Labs raises $21M to build gaming on Base
The $21 million funding effort was led by Pantera Capital, which contributed $18 million, and included funding from Makers Fund, Hashed, Mirana Ventures, and several other investors.
NPC Labs, a GameFi infrastructure startup founded by three former Coinbase employees, has raised $21 million to accelerate gaming development on Coinbase’s Ethereum layer-2 network Base.
The funding included $18 million from cryptocurrency-focused venture capital firm Pantera Capital. Makers Fund, Hashed, Mirana Ventures, and several other investors chipped in, too, according to a July 22 report by VentureBeat, which was reposted on X by NPC.
NPC purports to help developers take their GameFi projects to market and provides developers with more support than what they typically get when dealing with deep-pocketed publishers.
“After spending years creating a game, developers are beholden to publishers to deem their games worthy of support, marketing, and distribution,” NPC’s CEO and former Coinbase business development associate Daryl Xu said. “And when they do, developers give up 70% of the proceeds with the risk of the publisher pulling the game if it’s not generating sufficient revenue.” Read More
Gate.io to Shift Japanese Customers to Compliant Crypto Exchanges as it Exits Market
Gate.io will cease accepting new account registrations from Japanese residents and will begin a phased termination of services.
Centralized crypto exchange Gate.io announced Monday its intentions to withdraw from the Japanese market, hinting at its efforts to comply with domestic regulations.
The exchange will cease accepting new account registrations from Japanese residents and begin a phased termination of services for existing users, it said in a statement.
“We strive to comply with financial regulations in all regions where we operate,” according to a rough Google translation. “Based on this commitment, we regret to inform you that we will be terminating our services for Japan.”
Gate.io ranks 49th in terms of trading volume among centralized cryptocurrency exchanges, according to data from CoinGecko. The exchange has clocked a 24-hour trading volume of approximately $2.34 billion. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
