Blockchain Press Releases
Infleqtion and QinetiQ Win Award to Apply Quantum Computing to Logistics
OXFORD, England, July 18, 2023 /PRNewswire/ — Infleqtion, the world’s quantum information company, and QinetiQ, a leading defense company, are thrilled to announce their successful bid for the Quantum End-to-end Compilation for Combinatorial Optimisation (QECCO) project through Innovate UK. This groundbreaking initiative will focus on using quantum algorithms to solve complex combinatorial optimisation problems in logistics and deliver this crucial quantum software capability to the UK National Quantum Computing Centre (NQCC). These optimisation problems are critical for national security yet often computationally intractable using classical computers, but quantum computers have the potential to provide significant speedups.
QECCO will address key challenges in the logistics sector, including job-shop scheduling, packing, routing, and satisfiability problems. These complex problems possess high business value, limited classical solutions, and tremendous potential for quantum solutions. Through stakeholder workshops and collaborations with end-users in logistics and transport, QECCO will identify specific high-impact target problems and refine algorithmic implementations.
The project team comprises experts in quantum software development, algorithmic implementation, and benchmarking, with a strong foundation from Infleqtion’s Superstaq platform, which has already demonstrated enhanced solution quality on real quantum hardware, along with the Supermarq benchmarking infrastructure for performance evaluation.
“We are delighted to be part of the QECCO project and collaborate with QinetiQ to unlock the full potential of quantum computing,” said Dr Timothy Ballance, GM of Infleqtion UK. “This project aligns perfectly with our vision of applying quantum technology to solve real-world problems. With our cutting-edge software capabilities and QinetiQ’s expertise in dual-use logistics applications, we are confident that we can deliver groundbreaking solutions for the UK.”
Dr Gillian Marshall, QinetiQ’s Senior Fellow for Quantum Technologies said “QinetiQ is excited to be supporting Infleqtion on the QECCO project. Infleqtion is a natural partner of choice for QinetiQ. Their market-leading quantum technologies fit well with QinetiQ’s own quantum information processing and classical/quantum engineering and integration expertise, and we look forward to building on this success together.”
“The advances being made in Quantum technology offer some of the most exciting opportunities in the innovation pipeline for the years ahead, potentially revolutionising everything from medical diagnostics and autonomous vehicles, to military navigation and cybersecurity. This report highlights just how important the commercialisation of quantum technology will be in unleashing the UK’s full potential as a science superpower,” said Minister of State at the new Department for Science, Innovation and Technology George Freeman MP.
“Our exceptional researchers, businesses and innovators are continuously pushing the boundaries of Quantum Technology development, placing the UK at the leading edge of this field,” said Will Drury, executive director of digital and technologies at Innovate UK.
In May 2022, Infleqtion acquired Chicago-based Super.tech, a leading quantum software company that accelerates the development and adoption of quantum computing. The company was spun out of pioneering quantum computing research from EPiQC, an NSF Expedition in Computing at the University of Chicago. Super.tech is embedded in Argonne National Laboratory’s Chain Reaction Innovations program and also incubated by Duality, the first accelerator dedicated exclusively to supporting quantum startups, operated by the Chicago Quantum Exchange and UChicago’s Polsky Center.
“We are pleased to see Infleqtion’s software capabilities expand in the UK as the country has a strong track record of innovation in science and technology. We recognize the strong partnership between the UK and Chicago as global partners, and we look forward to working with our UK colleagues to accelerate the development and adoption of quantum computing,” said Infleqtion’s VP of Quantum Software, Pranav Gokhale.
“Quantum is unquestionably one of the most exciting new technologies in development, with the potential to reshape global solutions for generations to come. And that ripple effect comes from auspicious beginnings in the heart of Illinois,” said Governor JB Pritzker. “Rooted in the groundbreaking quantum computing research coming out of the University of Chicago, Argonne Laboratory, and the Chicago Quantum Exchange, the impact of Infleqtion’s work will now stretch to our global partners in the United Kingdom to increase efficiency and continue to build the quantum network worldwide,” said Illinois Governor JB Pritzker.
The partnership is expected to last for three years and will result in the development of new software tools and applications for quantum-enabled systems. By compiling end-user applications directly to quantum hardware, Infleqtion aims to leverage the unique characteristics of quantum computing to achieve faster and more efficient solutions, making quantum technology more accessible and easier for various finance, healthcare, and national security applications.
About Infleqtion
Infleqtion delivers high-value quantum information precisely where it is needed. By operating at the Edge, our software-configured, quantum-enabled products deliver unmatched levels of precision and power, generating streams of high-value information for commercial organizations, the United States, and allied governments. With 16 years of ColdQuanta’s pioneering quantum research as our foundation, our hardware products and AI-powered solutions address critical market needs in PNT, global communication security and efficiency, resilient energy distribution, and accelerated quantum computing. Headquartered in Austin, TX, with offices in Boulder, CO; Chicago, IL; Madison, WI; Melbourne, AU; and Oxford, UK. Learn how Infleqtion is revolutionizing how we communicate, navigate, and discover at www.Infleqtion.com.
Infleqtion UK is a wholly-owned subsidiary of the flagship commercial brand Infleqtion. Infleqtion UK has a fully equipped quantum research laboratory and established production facilities in Oxford for its UK-developed Photonically Integrated Cold Atom Source (PICAS) product. The company conducts advanced research and development in inertial sensing and advanced timing for navigation within GNSS-denied environments, radiofrequency sensors for communications and defense applications, memory modules for secure quantum networks, and quantum information platforms for computation and simulation.
About QinetiQ
Headquartered in the UK, QinetiQ is a leading global research and engineering company that creates, tests, and uses the latest technologies for defence and security customers, providing mission-critical solutions that deliver operational advantage. The company’s expertise in the application of quantum computing to real-world problems makes it a natural partner for Infleqtion in the QECCO project.
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Blockchain Press Releases
The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:
On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.
Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.
If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:
Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
[email protected]
[email protected]
Blockchain Press Releases
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.
Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.
Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.
Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.
The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.
Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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TOKYO, Jan. 17, 2025 /PRNewswire/ — GOLFIN, the pioneering Web3-based Golf2Earn platform, has been announced as the official sponsor of Web3 Hub Davos 2025. The event, taking place from January 20–23, 2025, in Davos, Switzerland, runs alongside the World Economic Forum’s Annual Meeting and will highlight the latest advancements in Web3, blockchain, and decentralized technologies across industries. Golfin is set to showcase how Web3 technology is reshaping the future of golf.
Golfin’s Key Highlights at Web3 Hub Davos 2025:
- Exclusive Presentation: Golfin’s founder Ken Komatsu and strategic advisor John Kojiro Moriwaka will present “How the Web3 Golf Game ‘Golfin’ Will Shape the Future of the Web3 Movement” on January 22, 2025, from 17:53 to 18:03 local time.
- Innovative Technology Integration: Golfin’s combination of NFTs and GPS technology allows players to create a seamless link between real-world and digital golf experiences.
- Industry Impact: Golfin aims to modernize the golf industry while addressing global economic disparities by building ecosystem that merges sports, entertainment, and blockchain technology
- Global Partnerships: Golfin has formed strategic partnerships with leading organizations, including the ZOZO Championship and Seibu Group, to expand its reach and integrate real-world golf experiences with digital rewards.
Golfin’s Approach to Web3 Golf:
Enhancing Golf Through Innovation: Golfin revolutionizes the golf experience by allowing players to earn points through real-world gameplay on verified golf courses. These points can be used to enhance their digital gameplay, creating a seamless connection between physical activity and in-game progression. Additionally, players can collect exclusive in-game items and trade NFTs, adding value and depth to both their golfing and gaming experiences.
Vision for the Future:
Golfin is committed to transforming the traditional golf industry by integrating Web3 technology to create a more immersive and accessible golfing experience. By fostering strategic partnerships and engaging global decision-makers, Golfin plans to expand its ecosystem and drive innovation in both the sports and blockchain sectors.
About Golfin GPS: The Golfin GPS app connects real golf with digital gameplay. Players earn points while playing at certified golf courses.
For More Information: golfin.io & web3hubdavos.com .
Join the Movement: Stay updated and join Golfin’s Web3 revolution by visiting the official website or following on Twitter (JP), Twitter (Global), Discord, Instagram, & Linktree.
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View original content:https://www.prnewswire.co.uk/news-releases/golfin-to-showcase-web3-innovation-at-web3-hub-davos-2025-302354177.html
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