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Binance’s Liquidity Woes, Buffett’s Prediction Throwback And A Sheriff’s Bitcoin Clash: Week’s Top Crypto – Benzinga

June 17, 2023 12:42 PM | 2 min read

The past week in the cryptocurrency sector has been a rollercoaster ride, with significant developments from major players and regulatory bodies.

From Binance.USs liquidity crisis to Warren Buffetts crypto predictions, a Texas sheriffs clash with a Bitcoin ATM operator, a North Carolina politicians investment in Shiba Inu, to JPMorgan Chases warning of an SEC tsunami, and a crypto traders investment strategy, the week has been packed with action. Lets delve into the details.

Binance.US Faces Liquidity Crunch Amidst the SEC lawsuit, Binance.US experienced a severe liquidity crunch, with market makers and traders leaving the cryptocurrency exchange at an alarming rate. The liquidity on Binance.US, measured through the aggregated market depth for 17 tokens, plunged nearly 80% in just one week. Read the full article here.

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Warren Buffetts Crypto Predictions Accuracy In a 2018 interview, Warren Buffett predicted a bad ending for cryptocurrencies. Despite the remarkable growth of Bitcoin (CRYPTO: BTC) since then, its value has seen significant fluctuations, lending some weight to Buffetts prediction. Read the full article here.

Texas Sheriff Seizes Cash from Bitcoin ATM A Texas sheriff seized cash from a Bitcoin ATM operated by Lux Vending (operating as Bitcoin Depot) after an 82-year-old woman was scammed into transferring $15,000 into Bitcoin. The ATM company is now in a court battle against the sheriff, arguing that the seizure contravened the US and Texas constitutions. Read the full article here.

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North Carolina Politician Invests in Shiba Inu Shannon Bray, a gubernatorial candidate in North Carolina, announced his plans to buy Dogecoin (CRYPTO: DOGE) Shiba Inu (CRYPTO: SHIB) with his next paycheck. Bray has expressed his support for Shiba Inu multiple times on social media, believing that the cryptocurrency has accumulated significant traction. Read the full article here.

JPMorgan Chase Warns of SEC Tsunami JPMorgan Chase warned of a tsunami of SEC lawsuits against crypto titans like Binance and Coinbase. The bank stressed the urgent need for US legislators to develop a comprehensive framework on how to regulate the crypto industries. Read the full article here.

Michael van de Poppes Top 4 Crypto Picks Crypto trader Michael van de Poppe revealed his top four coins to invest in before 2024. His picks include Bitcoin, Ethereum (CRYPTO: ETH), Polkadot (CRYPTO: DOT), and Chainlink (CRYPTO: LINK). Van de Poppe believes these cryptocurrencies have a strong future ahead. Read the full article here.

Hi, I am the Benzinga Newsbot! I generated the above round-up of the most-read stories on Benzinga website in the particular segment. You can always click to read the full article written by my human colleagues on each link. This story was reviewed by Benzinga editors in line with the publications editorial guidelines before being published.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Floki Surges Over 10% as Binance Adds It in Metaverse Section – CoinGape

Binance, one of the worlds largest cryptocurrency exchanges, has enabled further adoption for popular memecoin Floki through its inclusion in special categories. The exchange announched addition of $FLOKI to its Metaverse and Gaming categories, price action followed in last 24 hours.

Official Twitter account of memecoin Floki took to Twitter and shared:

#Binancehas added $FLOKI to the #Metaverse and #Gaming categories on its exchange!

Binance by including $FLOKI to its Metaverse and Gaming categories allowed millions of users to trade Floki alongside other prominent metaverse and gaming cryptocurrencies such as $SAND, $MANA, $AXS, $IMX, $GALA, and $ENJ. Added are screenshots from Binance categories:

The decision by Binance to include Floki in its Metaverse and Gaming categories is a significant validation for the meme coin. Binance is renowned for its rigorous listing process and careful selection of cryptocurrencies, ensuring the inclusion of reputable and promising projects.

CoinGape reported yesterday how Binance delisted PEPE from its Flexible Loans as it was no longer a reliable asset, adding to whale dumping of PEPE tokens.

Floki, the fourth-largest meme coin by market capitalization, has been gaining momentum in recent times. It got listed on Bitci, one of Turkeys top crypto exchanges with over 5 million registered users. Also in a strategic partnership unveiled two weeks ago, the Floki team aims to drive adoption through an extensive marketing campaign that leverages Binance Pay to incentivize users.

Binance exchange announced Floki listing on April 24 this year and it went live the next day to its millions of users.

Floki continues to demonstrate positive momentum in the market, showcasing gains over the past 24 hours and the past week. With a 3.09% increase within one hour, it gained 5.28% gain over 24 hours upon announcement. It has also surged over 10% as we write over the course of the past week, indicating a positive trend in the coins performance.

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Ripple, Binance and Coinbase score partial wins against US SEC, mark milestone in crypto history – FXStreet

June 13 marked a key milestone in the crypto ecosystems history. After engaging in la ong legal battle with the Securities and Exchange Commission (SEC), Ripple successfully got Hinman's emails publicly released. XRP price hit a peak of $0.5649 on Tuesday before pulling back to $0.5015 on Binance.

Meanwhile, the judge presiding over Binance's hearing urged the SEC and Binance to reach common ground and negotiate, setting a deadline of June 15 for the next update. BNB price recouped its losses as sentiment among holders turned bullish.

Coinbase received the SECs response on rule-making in crypto. The regulator highlighted that there are no new decisions on crypto rules and did not commit to another deadline in the case. COIN climbed 4.42% as of June 14, recovering from its losses from the past week.

Also read: XRP price settles above $0.50, wiping out gains from Hinman documents release

The release of the Hinman documents landed two wins in the crypto ecosystem. One, Ripples legal team argued that the SEC had no clear understanding of what constitutes a security and used made-up tests to infer that Ethereum is a non-security, strengthening its defense that the regulator has provided no clarity or guidance before claiming that XRP is a security.

For updates on the documents, their relevance and impact on XRP, check this post.

The second win is defense for crypto exchanges that are suffering allegations of the sale of unregistered securities. The SEC has no new rules on classification or identification of securities and non-securities, therefore showing the underlying weakness in their allegations against the two leading crypto exchanges.

Binance and Coinbase are two of the largest cryptocurrency exchanges in the crypto ecosystem. Both platforms were slammed by lawsuits by the US financial regulator, accusing them of the sale of unregistered securities and several other counts of violations of securities laws.

Binances hearing on Tuesday saw presiding Judge, Amy Berman Jackson, suggesting that the exchange and the regulator negotiate an agreement and file an update by Thursday, June 15. According to a New York Times report, the judge called out the SEC for being inefficient and cumbersome in its lawsuit against Binance, tipping the scales in the exchanges favor. For more information on the hearing, check this update.

Coinbases Chief Legal Officer, Paul Grewal, tweeted an update on the exchanges partial win against the regulator. Grewal pointed out that the SEC accepted that no decision was made on new crypto rules.

The regulator failed to commit to a deadline despite explicit orders from the court. The SECs response to last weeks Third Circuit was therefore inadequate to provide clarity on crypto asset regulation.

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Binance to Support Major Terra Classic Upgrade to Bring LUNC to … – The Crypto Basic

Binance announces support for the much-awaited Terra Classic v2.1.0 upgrade seeking to bring LUNC to parity with Luna 2.0 and Cosmos.

Binance recently disclosed that it will support the Terra Classic (LUNC) upgrade to v2.1.0. The highly-anticipated upgrade, which is set to go live today, represents one of the most important LUNC updates since the ecosystem implosion, as it aims to bring Terra Classic to parity with the Luna 2.0 and Cosmos blockchains.

Binance announced its support for the network upgrade in a press release today. The exchange noted that the upgrade is expected to occur at the Terra Classic block height of 13,215,800. The timing for this block height is approximately 14:00 (UTC) today, but this is liable to change.

As a result, Binance revealed that it would suspend deposits and withdrawals on the Terra Classic network at 13:00 (UTC) today. This suspension is necessary to ensure that market participants do not face issues pertaining to deposits or withdrawals as a result of the instability of the network during the upgrade.

The exchange further confirmed that the suspension will not affect internal trades for tokens on the Terra Classic network. Users can continue with their spot and futures positions as usual. Binance will lift the suspension on deposits and withdrawals once they have ascertained that the network is stable enough after the upgrade. They will announce this in another statement.

The v2.1.0 upgrade is an integral aspect of the ultimate Terra Classic revitalization plan. Its significance is due to the fact that it will eventually bring LUNC to parity with the Cosmos network and the Luna 2.0 blockchain. This development will introduce more utility to Terra Classic by allowing builders from those chains to bring their projects to LUNC.

The upgrade is coming up after the passing of Proposal 11561 which sought community consensus on implementing it. LuncBurnArmy (LBA), the project manager of the L1 Joint Task Force (L1JTF), submitted the proposal eight days ago.

The upgrade, which was initially set for May 31, was pushed back to June 14 to allow the L1JTF to make further tests. The postponement would also allow the team to include a feature to limit minimum validator commission to 5%. On May 31, the L1 Team successfully upgraded the rebel-2 testnet to v2.1.0. This signaled that the upgrade is without issues and a mainnet update was next in line.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Crypto Analyst Details Potential Reversal Levels for Ethereum, Binance Coin and Litecoin Amid Altcoin Correction – The Daily Hodl

A closely followed analyst is outlining key price levels where he believes crypto bulls would step in and ignite trend reversals for Ethereum (ETH), Binance Coin (BNB) and Litecoin (LTC).

In a new video update, analyst Michal van de Poppe tells his 163,000 YouTube subscribers that Ethereum is at risk of further downside unless it can reclaim support at $1,785.

This entire area of $1,785 is something we need to sustain. Otherwise, we are going to look at a case that I think we are going to retest the area around $1,600 and have the reversal taking place.

At time of writing, ETH is trading for $1,751. A move toward Van de Poppes reversal area suggests an over 8% decline for leading altcoin.

Looking at Binance Coin, the utility token of the worlds largest crypto exchange, Van de Poppe says that BNBs failure to stay above support at around $270 suggests that the altcoin is likely en route toward $200, where it could potentially reverse.

We need to reclaim the area of [$270] in order to prevent a market breakdown. We did have this market breakdown, and now were looking at potentially taking this liquidity beneath the low here for Binance Coin before we are most likely going to reverse. So Im looking at bids in this range ($200) if were going to get that.

At time of writing, BNB is worth $237.

As for the peer-to-peer payments network Litecoin, Van de Poppe says that LTC may be close to ending its correction.

I think if we are going to have a reversal taking place, this is the range that were looking at, perhaps towards $70 to $73. If that is going to be the case, then I think were going to have a swift rally back up.

At time of writing, LTC is trading for $78.78.

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Top 3 cryptocurrencies seeing uptick in social volume: Ethereum, XRP, Binance Coin – FXStreet

Social media attention has recently turned to Ethereum (ETH), XRP and Binance Coin (BNB) at the expense of Bitcoin, a sign of increasing confidence in these altcoins among crypto traders even as the price of the most popular cryptocurrency holds above the $25,000 level.

Recent news affecting these altcoins is the main reason behind the surge in social media mentions. Binances hearing on Tuesday marked an important milestone for holders of BNB, the exchanges native token. Judge Amy Berman Jackson, of the D.C. District Court, asked the Securities and Exchange Commission (SEC) and Binance to continue negotiating and to submit a status update by Thursday.

BNB price rallied 10.5% in response to the hearing.

Similarly, the release of the so-called Hinman emails, key documents for Ripples defense against the SEC, fueled a temporary bullish sentiment among XRP holders.

Also read: XRP volatility surges as Hinman documents support Ripple's case against the SEC

Bitcoins social volume declined after the assets price rally in March, according to data from crypto intelligence tracker Santiment. Social volume is built on top of social data collected by the tracker. The platform combs text documents containing the asset name at least once, on Twitter, Telegram and Reddit.

As seen in the chart below, Bitcoin social volume increased sharply in mid-March, weeks before reaching its recent price peak of $30,899.76 in April.

ETH, XRP and BNB social volume

A spike in social volume is typically followed by a rally in the assets price in the weeks following a spike in social volume.

ETH, XRP and BNB registered an increase in social volume after Tuesdays events. The Hinman documents, key to Ripples defense against the SEC, were unveiled for public view. Their content fueled a bullish sentiment among XRP holders and the altcoin yielded 6% gains before pulling back. Find out more here.

The Hinman documents shed light on the regulators stance on Ethereum and why the asset was considered a non-security, putting the second-largest altcoin by market capitalization under the spotlight too. ETH price held above key support at $1,724, trading at $1,739.57 at the time of writing.

On Tuesdays hearing, Judge Amy Berman Jackson asked the SEC and Binance to continue negotiating to arrive at a compromise. The Judge asked the two parties to submit a status update by Thursday.

In the court hearing, the Judge expressed skepticism about the US financial regulators move to enforce its powers on Binance and called it inefficient and cumbersome, according to a report from the hearing by The New York Times. These comments fueled hopes among Binances native token holders, pushing BNB price higher.

BNB price climbed from $228.90 to $252.90, or 10.5%, since Tuesdays hearing. The exchanges native token is therefore on track to recoup its recent losses and yield gains for holders ahead of Thursdays update.

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Privacy and security of genetic information: Putting DNA companies … – Federal Trade Commission News

Some secrets are so secret that no one knows about them. Until recently that described the secrets locked within our DNA. But a key to consumer confidence in the burgeoning genetic testing marketplace is the extent to which people can depend on a companys promise that Your secrets safe with us. In its first case focused on the privacy and security of genetic information, the FTC alleges that San Francisco-based Vitagene, Inc. now known as 1Health.io failed to live up to its promises and unfairly changed material privacy terms without customers consent. The proposed settlement and other recent actions send a loud-and-clear message that the FTC is fully committed to the protection of consumers health information.

After consumers paid between $29 and $259, sent a saliva sample to Vitagene, and answered an online questionnaire about their health history, family history, and lifestyle, the company provided them with a personalized Health Report. The Report included the customers full name and an assessment of their risks for developing a host of health problems.

Using images of locks, keys, and secure clouds, the companys website was replete with claims about the care with which it promised to handle consumers genetic information. Here are just a few of the companys pledges.

Nice privacy and security talk, but according to the FTC, Vitagene was more talk than action. Youll want to read the complaint for details, but part of the story started in the cloud. As a component of its IT infrastructure, Vitagene used a well-known cloud service provider for storing confidential information, including consumers Health Reports and DNA data. Vitagene allegedly didnt use built-in measures to secure the information and instead stored it in buckets that made it possible for anyone with internet access to see the detailed Reports of nearly 2,400 Vitagene customers. Also accessible: raw genetic data of at least 227 other customers, sometimes identified by first name. While Vitagene promised to exceed industry-standard security practices, the FTC says the company didnt encrypt that data, didnt restrict access to it, didnt monitor access, and didnt inventory it to help ensure its security. The complaint also charges that Vitagene didnt take steps to ensure that a lab that analyzed many of the DNA samples had a policy in place to destroy them.

Whats more, the complaint alleges that over a two-year period, Vitagene received three separate warnings that it was storing customers health and genetic information in a way that made it publicly accessible. Warning #1: a July 2017 message from the cloud service provider that Vitagene had configured its data to allow read access from anyone on the Internet. The email included links to an account console and information about how to restrict access. The response from Vitagene: Crickets.

Warning #2 came from a security company that conducted a web app penetration test in November 2018 and found that uploaded DNA data was being stored . . . without any access controls. The complaint alleges that Vitagene again failed to rectify the situation.

Warning #3 was a June 2019 email from a security researcher sent to Vitagenes support inbox. After the researcher contacted the media, the FTC says the company finally investigated its public exposure of customers health information. However, because Vitagene hadnt monitored who had accessed or downloaded the data, it couldnt determine who else might have seen the information.

Vitagenes alleged missteps didnt end there. In 2020, the company changed its privacy policy by retroactively expanding the types of third parties with which it may share consumers data to include grocery chains, dietary supplement manufacturers, and the like. And it did that without notifying customers who provided their data under the former, more restrictive privacy policy and getting their consent.

The complaint charges that the companys promises that it exceeded industry security standards, stored DNA results without identifying information, deleted data at consumers request, and saw to it that physical DNA samples were destroyed were false or misleading. Whats more, the FTC alleges that the companys after-the-fact privacy policy changes about sharing sensitive personal information with third parties was an unfair practice, in violation of the FTC Act.While Vitagenes original privacy policy stated that a customers access or use of the companys services after the company posted a revised privacy policy meant that the consumer had accepted the revised terms, that language didntexcuse Vitagene from its obligation to give notice and get consumers consent before making material retroactive changes to its privacy practices. Furthermore, the complaint alleges that Vitagenes conduct was unfair even though the company has not yet implemented the broader information sharing practices set forth in its revised privacy policies.

To settle the case, 1health.io has agreed to implement a comprehensive information security program, including every-other-year third-party assessments. In addition, a senior executive must certify annually that the company is complying with the terms of the settlement. The proposed settlement also includes a $75,000 financial remedy. Once the settlement appears in the Federal Register, youll have 30 days to file a public comment.

What can other companies take from the FTCs action?

Sensitive health information including genetic data requires intensive care. If your company collects or maintains consumer health information, youve raised the bar on the privacy and security standards you must implement. Take particular care to substantiate the promises you make about your data practices. (By the way, if you havent read the FTCs May 2023 Policy Statement on Biometric Information, set aside time now.)

Just because data is in your possession doesnt mean its yours. Collecting consumers data doesnt mean youre free to do with it as you please. Consumers have a right to know in advance how you intend to use their information and you have the legal obligation to live up to your representations. That means if you want to change your practices down the road, a bait-and-switch modification to your privacy policy wont suffice. Youll need consumers affirmative express consent for any new uses of their data.

When it comes to security, keeping your data in the cloud doesnt mean you can keep your head in the clouds. The FTC has long said that storing data in the cloud doesnt give a company a free pass on security. Its still your responsibility to take reasonable steps to secure your data for example, by properly configuring cloud security settings and by inventorying and auditing your cloud storage. As the FTCs Request for Information about cloud computing makes clear, sellers of cloud technology and the companies that use their services share the responsibility to secure consumers personal information.

Respond to credible warnings about potential security lapses. The complaint against Vitagene alleges multiple instances in which the company failed to heed alarms others including the provider of its cloud storage had sounded about the security of its cloud-based information. Do you have systems in place to make sure those alerts get to the right people and get the immediate attention they deserve?

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FHIR and the Cloud: Streamlining Healthcare Data Storage and … – CityLife

FHIR and the Cloud: Streamlining Healthcare Data Storage and Access

The healthcare industry has long been plagued by inefficiencies in data storage and access, with patient information often scattered across multiple systems and platforms. This fragmentation has led to significant challenges in providing timely and accurate care, as well as increased costs and administrative burdens for healthcare providers. However, recent advancements in health information technology, specifically the development of Fast Healthcare Interoperability Resources (FHIR) and the growing adoption of cloud-based storage solutions, are poised to revolutionize the way healthcare data is managed and shared.

FHIR is a standardized framework for exchanging healthcare information electronically, developed by Health Level Seven International (HL7), a not-for-profit organization dedicated to developing global standards for healthcare data exchange. FHIR is designed to simplify the process of integrating and sharing data between different healthcare systems, allowing for seamless communication and interoperability. This is achieved through the use of standardized data formats and application programming interfaces (APIs), which enable healthcare providers to access and exchange patient information quickly and securely.

One of the key benefits of FHIR is its flexibility, as it can be easily adapted to various healthcare settings and use cases. This is particularly important given the diverse range of healthcare systems and data formats currently in use around the world. By providing a common language for data exchange, FHIR has the potential to significantly streamline the flow of information between healthcare providers, ultimately leading to improved patient outcomes and reduced costs.

In addition to FHIR, the increasing adoption of cloud-based storage solutions is also playing a critical role in transforming healthcare data management. Cloud computing offers numerous advantages over traditional on-premises storage, including scalability, cost-effectiveness, and enhanced security. By storing healthcare data in the cloud, providers can easily access and share information from any location, at any time, using any device with internet connectivity. This level of accessibility is particularly valuable in emergency situations, where timely access to patient information can be crucial in providing life-saving care.

Furthermore, cloud-based storage solutions can also help to address the issue of data fragmentation, by providing a centralized repository for all patient information. This not only simplifies the process of data management but also ensures that healthcare providers have access to the most up-to-date and accurate information when making treatment decisions. Additionally, cloud storage providers often offer advanced data analytics tools, which can help healthcare organizations to identify trends and patterns in patient data, ultimately leading to more informed decision-making and improved patient outcomes.

The combination of FHIR and cloud-based storage solutions has the potential to revolutionize the way healthcare data is stored and accessed, breaking down barriers to interoperability and enabling more efficient and effective care. However, it is important to recognize that the adoption of these technologies is not without its challenges. Healthcare providers must navigate complex regulatory environments, ensuring that patient data is stored and shared in compliance with relevant privacy and security regulations. Additionally, there may be resistance from some healthcare professionals, who may be hesitant to embrace new technologies and change established workflows.

Despite these challenges, the potential benefits of FHIR and cloud-based storage solutions are clear. By streamlining healthcare data management and facilitating seamless information exchange, these technologies have the potential to significantly improve patient outcomes, reduce costs, and transform the way healthcare is delivered. As the healthcare industry continues to evolve and embrace digital innovation, the adoption of FHIR and cloud-based storage solutions will be critical in ensuring that providers can effectively harness the power of data to drive improvements in care.

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Datadobi charts course for AI with StorageMap Blocks and Files – Blocks and Files

Datadobi used to concentrate on one-off projects like finding files for migration and moving them to a different filer. Finding files has evolved into regular scanning and migration targets include cloud object storage for AI processing.

The companys StorageMap technology scans and lists a customers entire file and object storage estates, enabling customers to find out what they have in their distributed unstructured data silos. This helps them to manage their data more effectively, moving old data to archives, in the cloud for example, or deleting unwanted data.

We have seen a blurring of the boundaries between file and object storage, with file systems getting S3 wrappers, export capabilities and even object underpinnings, like with Nasuni. Object storage is getting file access layered on top. Conversion between the two formats is not something Datadobi sees in a general way, though.

Even the cloud providers can be seen as downplaying object in favor of file. Datadobi co-founder and chief revenue officer Michael Jack said AWS is doubling down on replacing datacenter file processing. It has a large storage team and has been recruiting from the major datacenter file storage suppliers. If you want to take out large datacenters it has to be file.

Jack said in a briefing that NAS to object is not really happening. He asked whether there is real value in this conversion and said: What is valuable about object storage apart from cost? We dont see cost analysis being done in any significant way.

CTO Carl DHalluin said an intrinsic value of object storage was scale since it is not burdened with the file:folder directory structure of file storage. At large scale billions of files object storage is simpler to access because of this. He said: We see NAS-to-object copy for further processing. For example, analysis with cloud AI tools. He expects generative AI to drive this trend higher.

Jack chimed in that copy to the cloud is not about cost. They need it in the cloud where cloud-native apps can run against it Its a workflow thing. Such apps and tools are typically cloud-native and built to access object storage, not file. Object on flash storage provides the IO speed such apps need. He said a Datadobi AWS partnership is focused on generative AI use cases.

He suggested that a customer could send 100PB or more of file data to cloud object storage for such processing. Datadobis customers need to identify which data to send in this situation, and for that they need to know what data they have and where it is. Enter StorageMap.

DHailluin said that if you use apps like Varonis to crack open files and detect personally identifiable information (PII), it is resource-intensive and can only run on a small subset of files. You cant run against 100PB data sets. But StorageMap can, he told us. It doesnt actually crack open the files, instead it classifies files, such as HR ones, and then this subset can be given to Varonis to crack open.

Due to this broad scanning capability, StorageMAP is becoming a standalone utility, finding data for analysis, replication, PII tracking and analysis, for example. Its multi-vendor and hybrid cloud capable. Every customer is multi-vendor and hybrid cloud, Jack said.

Datadobi licenses StorageMAP on a subscription basis and so earns recurring revenue. Dobi Migrate is pay-per-use, which fits its typical one-off project usage.

In Australia, new regulations mandate that critical data must be secured against ransomware. Backup apps such as Rubrik can backup the data to an immutable vault but they cant scan the customers unstructured data estate to find the critical data. Jack said this is a job that StorageMAP can do and so works with data protection apps like Rubrik.

He added, alluding to the companys rivals: Well stay out of the data path because customers dont want another lock in.

Jack commented: Migration has always been about defeating lock-in. We move files from vendor A to vendor B.

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Amazon Drive: Everything You Need to Know About Amazon’s … – NNN NEWS NIGERIA

Amazon Drive is Amazons cloud storage service that allows users to store and access their files and documents from anywhere with an internet connection. It is a secure and reliable way to store important files and documents in the cloud.

In this article, we will take a deep dive into Amazon Drive, discussing its features, benefits, pricing, and some of the best practices and tips for using this service.

Amazon Drive comes with several features that make it a reliable and efficient cloud storage service. Some of these features include:

Secure storage: Amazon Drive uses the same secure AWS cloud infrastructure as Amazon Web Services, ensuring the safety and security of your files and documents.

Easy access: With Amazon Drive, you can access your stored files and documents from any device with an internet connection, including smartphones, tablets, and computers.

Collaboration: Amazon Drive allows you to share files and folders with others, making it easy to collaborate on projects and documents.

Automatic backup: Amazon Drive automatically backs up all your files and documents, ensuring that you never lose any important data.

Integration with other Amazon services: Amazon Drive seamlessly integrates with other Amazon services such as Amazon Photos and Amazon Music, making it easy to store and stream your media files.

There are several benefits to using Amazon Drive as your cloud storage service. These include:

Secure data storage: As mentioned earlier, Amazon Drive uses the same secure AWS cloud infrastructure as Amazon Web Services to store your data. This means that your files and documents are always safe and secure.

Easy access to your files: With Amazon Drive, you can access your stored files and documents from any device with an internet connection. This makes it easy to work remotely or access your files on the go.

Seamless integration with other Amazon services: Amazon Drive integrates seamlessly with other Amazon services such as Amazon Photos and Amazon Music. This means that you can easily store and access all your media files in one place.

Affordable pricing plans: Amazon Drive offers affordable pricing plans, with up to 5GB of storage available for free. For users who need more storage space, Amazon Drive offers several pricing plans, starting at just $1.99 per month.

Amazon Drive offers several pricing plans, starting with a free plan that offers up to 5GB of storage. For users who need more storage space, Amazon Drive offers several paid plans, including:

100GB plan: This plan offers 100GB of storage space and costs $1.99 per month.

1TB plan: This plan offers 1TB of storage space and costs $6.99 per month.

2TB plan: This plan offers 2TB of storage space and costs $11.99 per month.

Unlimited plan: This plan offers unlimited storage space and costs $59.99 per year.

To get the most out of Amazon Drive, here are some best practices and tips to follow:

Organize your files: Create folders and organize your files so that they are easy to find and access.

Use the Amazon Drive app: Install and use the Amazon Drive app on your devices to make it easy to access and upload files.

Enable automatic backup: Turn on automatic backup to ensure that your files and documents are backed up regularly.

Share files and folders: Use Amazon Drives collaboration features to share files and folders with others, making it easy to collaborate on projects and documents.

Consider Amazon Drive for your media files: Amazon Drive integrates seamlessly with other Amazon services such as Amazon Music and Amazon Photos. Consider using Amazon Drive for your media files to easily store and stream your content.

Amazon Drive is a secure and reliable cloud storage service that offers several features and benefits to users. With affordable pricing plans, easy access to files, and seamless integration with other Amazon services, it is an excellent choice for individuals and businesses looking for a reliable and efficient cloud storage service. Remember to follow the best practices and tips outlined above to get the most out of Amazon Drive.

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