Quantum simulations are still slow. A startup says it just made them 10x more efficient

A new algorithm has improved the ability of quantum computers to model new materials and chemicals by a factor of 10. That’s according to its developer, UK startup Phasecraft.  The Bristol- and London-based company describes the breakthrough as the largest single leap in quantum simulations to date — moving us a step closer to real-world quantum applications. Quantum computers improve on classical simulations by accurately modelling complex quantum behaviours — like the ever-changing interactions between molecules or the evolution of materials over time — that are too difficult for classical computers to simulate efficiently. This could lead to technological leaps… This story continues at The Next Web

BlackRock’s first European Bitcoin product hailed as ‘landmark development’ for crypto

BlackRock, the world’s largest asset manager, has launched its first Bitcoin product in Europe, a move that industry experts say will help legitimise cryptocurrencies in mainstream finance.  “This is a landmark development for crypto, displaying confidence in Bitcoin for mainstream investments,” Meryem Habibi, chief revenue officer at London-based crypto payment gateway Bitpace, told TNW.  “Through this first in Europe, BlackRock is not only legitimising the asset class but also paving the way for increased institutional and retail participation,” she said. BlackRock’s product is called an “iShares Bitcoin ETP” (exchange-traded products). ETPs let investors buy and sell Bitcoin without directly owning the cryptocurrency.… This story continues at The Next Web Or just read more coverage about: Bitcoin