O n May 11 2020, the crypto world experienced the phenomena knows as Bitcoin halving . For those who are still a little looney-toons regarding this phenomena, here's the lowdown . Moral of the story is that, as the Bitcoin supply decreased and it's 21 million market cap slowly approached, it was widely accepted that the low supply and high demand will increase the price of the cryptocurrency back to its previous highs. Basic business right? Wrong! Source: Equity Trust Company BTC prices actually fell and after briefly holding steady, are only just rising above the 10000 USD range. Surprise eh? Well, we are not done yet. Because while the most valuable crypto coin wasn't showing it's expected gains, some other cryptocurrencies shot to outer space. There was no SpaceX rocket nor a Tesla Roadster involved. These "altcoins" bumped up in their market value thanks to the entire underlying system of cryptocurrency: investor speculation. But what exactly are these ...
Story sourced from Reuters
The White House will hold a meeting on Monday on U.S. government efforts to boost quantum information science, with administration officials, leading companies including Alphabet Inc, IBM Corp, JPMorgan Chase & Co and academic experts taking part.
Quantum computers could operate millions of times faster than today’s advanced supercomputers. Experts have said the promising technology, still in its infancy, could have a major impact on healthcare, communications, financial services, transportation, artificial intelligence, weather forecasting and other areas.
The technology carries major national security implications because quantum computers potentially could break traditional internet security programs or other codes.
The meeting was organized by the White House Office of Science and Technology Policy. Jake Taylor, the office’s assistant director for quantum information science, said the administration plans to publish a strategy on Monday on how to advance the next-generation technology. The meeting is aimed at bringing key stakeholders together and “really develop a plan” to help make quantum computing a reality and look for input on what additional steps the government can take, Taylor said.
The meeting will include officials from the Pentagon, National Security Agency, White House National Security Council, NASA and the federal departments of energy, agriculture, homeland security, state and interior, among others.
Tim Sheehy, IBM’s vice president of technology policy, said in an interview the meeting “gets academia, government, industry together and says how can we make our individual efforts into a greater collective whole.”
Representatives from Honeywell International Inc, Lockheed Martin Corp, Goldman Sachs Group Inc, AT&T Inc, Intel Corp, Northrop Grumman Corp and other companies also will attend.
Quantum computing “will enable us to predict and improve chemical reactions, new materials and their properties, as well as provide new understandings of spacetime and the emergence of our universe,” and could be realized within a decade, according to a White House memo.
On Sept. 13, the U.S. House of Representatives approved legislation on quantum information science to “create a unified national quantum strategy” that would authorize $1.3 billion in funding through 2023. The bill’s co-author, Representative Lamar Smith, who chairs the House Science Committee, will speak at Monday’s meeting.
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