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Edge Computing Market worth $101.3 billion by 2027 – Exclusive Report by MarketsandMarkets – PR Newswire

October 6, 2022 | Author: admin

CHICAGO, Oct. 6, 2022 /PRNewswire/ --Edge Computing Marketsize is expected to grow from USD 44.7 billion in 2022 to USD 101.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period, according to a new report by MarketsandMarkets.The rising adoption of work from home culture, advancements in virtual and cloud-based technologies and solutions are a few factors driving the growth of the Edge Computing Market.

Browse in-depth TOC on "Edge Computing Market"

269 - Tables 53 - Figures 271 - Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133384090

Services help organizations in effective integration and implementation of edge computing hardware and software

The services segment of edge computing is expected to have a promising future due to various integration of edge computing solutions. Services help organizations in building successful customer relationships by continuously supporting them through their business tenure. The growing need for integrating edge software, which is appropriate to their business needs.

By infusing edge computing in IIoT processes, companies could achieve improved network communication and cooperative coordination with the cloud connected to the system.

The Industrial Internet of Things (IIOT) is expected to have a higher CAGR during the forecast period. Edge computing is one of the core components of the industrial internet of things. It plays an important role in accelerating the journey towards industry 4.0 adoption. For a device deployed in an IIoT environment, an edge computing platform must be integrated with different resources from the data center to the cloud. IIoT represents a wide variety of IoT applications in the industrial sector, including smart robotics, remote diagnosis, asset optimization, connected manufacturing and product integration, and smart construction.

Computing with other enterprise business applications to drive the growth of edge computing services. These services offered by vendors help users select the best edge computing

Edge computing offers SMEs cutting-edge technologies by reducing the overall IT expenses and enhancing the response time

The increasing implementation of edge solutions by SMEs across the globe is expected to drive the market growth over the forecast period. Cost-effectiveness is an important factor for SMEs, as they always have a tight budget, leaving them with limited ways to market themselves and gain visibility. The intensely competitive market scenario has encouraged SMEs to invest in edge computing solutions to reach their desired target audience.

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Edge computing allows manufacturers to implement automation across factory floor and ensures quality.

The manufacturing vertical is expected to grow at the highest rate during the forecast period. For product manufacturers, moving computing tasks to the edge will result in increased speed and efficiency and provides agility to the factory floor. Industrial IoT has added millions of connected devices in manufacturing plants to gather data on production line performance and the quality of finished products. The low latency of edge computing enables an immediate response to problems on the assembly line, helping to drive improvements in quality and efficiency while reducing the need for human supervision.

North America to dominate the Edge Computing Market in 2022

North America is one of the most technologically advanced regions in the world. The adoption of edge computing is expected to be the highest in North America as compared to the other regions. This is because of the rising inclination of American households toward smart technologies and the increasing investments by North American companies in advanced technologies, such as commercial and industrial IoT, 5G, cloud computing, and AI. Various companies are leveraging edge computing to reduce latency, manage network traffic, and minimize operational costs.

Key Players

The Major Players for Edge Computing Market includes some of the major vendors offering contact center solutions across the globe include AWS (US), Cisco (US), Dell Technologies (US), Google (US), HPE(US), Huawei (China), IBM (US), Intel (US), Microsoft (US), Nokia (Finland), Adlink(Taiwan), Axellio (US), Capgemini (France), ClearBlade (US), Digi International (US), and more.

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

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About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:Mr. Aashish MehraMarketsandMarkets INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [emailprotected] Research Insight: https://www.marketsandmarkets.com/ResearchInsight/edge-computing-market.asp Visit Our Website: https://www.marketsandmarkets.com/ Content Source: https://www.marketsandmarkets.com/PressReleases/edge-computing.asp

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The Grand Unified Theory of Cloud Governance – Security Boulevard

October 6, 2022 | Author: admin

One of the toughest lessons Ive learned as Ive spent over a decade of my life helping organizations build cloud security programs is how its governance, not technology, thats the real challenge. Yes, the cloud is a dark box full of invisible technical razor blades, but those are manageable with a little time and effort. The real pain isnt around figuring out the tech, but in figuring out how the heck to govern all that tech.

Because the fastest path to failure is to treat cloud governance like your non-cloud IT governance.

Organizations that ignore cloud and let it run wild and free always end up in trouble, and organizations that try to enforce their existing governance end up with just a different set of troubles.

One advantage of my role as a researcher and advisor was getting to see the inside of a wide range of organizations as they managed these issues, and I saw both successes and failures. Over time, patterns emerge. And when it comes to governance, I saw a few threads that seemed to tie things together. I call this The Grand Unified Theory of Cloud Governance:

I believe this encapsulates the essential governance challenges of cloud computing, but to flesh it out further:

Its this essential conflict of decentralized administration with centralized risk moving at a blistering pace that most challenges governance and security. The most successful enterprise governance efforts accept the need for different governance implementations for cloud and non-cloud environments rather than trying to enforce one implementation across two totally different ecosystems. They run in parallel and unite at the top, but each environment is governed using a model optimized for its unique characteristics.

In future posts Ill run through some of the best ways Ive seen organizations govern cloud, but since I absolutely hate posts that raise issues and dont provide answers, here are a few high-level tidbits:

The post The Grand Unified Theory of Cloud Governance appeared first on FireMon.

*** This is a Security Bloggers Network syndicated blog from FireMon authored by Rich Mogull. Read the original post at: https://www.firemon.com/the-grand-unified-theory-of-cloud-governance/

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Beyond the Grid: The Role of Data Centers in the Future of Power – Data Center Frontier

October 6, 2022 | Author: admin

Bulk power distribution towers in New Jersey. (Photo: Rich Miller)

As power grids are modernized, data centers are likely to become key players in new energy ecosystems that combine multiple generation sources including renewable sources like wind and solar as well as energy storage. Thats the view of our DCF Data Center Executive Roundtable, as we round up our panel with a discussion of how digital infrastructure builders can best manage power constraints and sustainability concerns.

Our panelists include Ryan Baumann from Kohler Power Systems, Rhea Williams of Oracle and Infrastructure Masons, and TMGcore CEO JD Enright. The conversation is moderated by Rich Miller, the founder and editor of Data Center Frontier. Heres todays discussion:

Data Center Frontier:A number of regions are facing limits on utility power availability for large users. What are the best options for data centers to operate and grow in power-constrained markets?

Ryan Baumann:Our goal to create a resilient power delivery system that focuses on the future, and considers new energy sources that must be coupled with the power of today. Combining traditional sources, such as nuclear and hydro, along with sustainable regional systems of solar, wind, fuel cells and battery storage will be needed to deliver robust power with a refreshed and bolstered power grid.

Bringing together our current power system, the macro-grid, and joining with site microgrids (wind/solar/fuel cells/back up sources) designed to support one another can help support the power constrained regions as well. Bearing in mind, nearly every data center is designed with an emergency backup power system, typically Tier 2 diesel generators sets, ready to serve power at a moments notice.

These generator sets built today are cleaner and significantly more efficient than their earlier cousins. Leveraging cleaner fuels, such as Hydrotreated Vegetable Oil (HVO) or natural gas generators in lieu of diesel, we can begin walking clear of fossil fuels. Emissions reduction strategies for the diesel backup power generators could allow the data center clients to run more frequently, if needed, during the grid constrained events to reduce the strain the data center is putting on the power network. Interruptible rate programs were a very common practice and may be needed again, while we continue to make our power consumption within data centers ever more efficient and strengthen the grid power.

John-David Enright: Quite simply, implement technologies that require and consume less electricity whilst still providing equal or better performance. Additionally, consider using infrastructure that can operate sustainably, and reliably, on alternative sources of energy, such as behind the meter applications on or near the generation source i.e., wind farms, solar fields, natural gas production, nuclear, geothermal, hydro, etc.

Its understood this will require more CapEx initially for battery backups and generators to support N+1 and above operations, which is often the requirement for data center uptime commitments. Whats the real cost of being more environmentally sustainable? I believe this is still being determined.

Rhea Williams:I dont think we have the option to solely grow in those regions. We will consume everything that is available over the next 12-18 months, and then we will have to explore alternatives. Second-tier markets and brand new regions will have to be developed.

Additionally, as an industry we have to re-evaluate how we not only consume, but produce power. This is an opportunity for us to be on the forefront of innovation when it comes to electricity and power generation. We will have to walk away from the grid in these markets, become more sustainable, and give back to the local communities.

NEXT: A recap of our 3Q 2022 roundup, including full transcripts of our Executive Insights.

Keep pace with the fact-moving world of data centers and cloud computing by following us on TwitterandFacebook, connecting with DCF onLinkedIn, and signing up for our weekly newspaper using the form below:

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Most organizations had a cloud-related security incident in the past year – Construction Dive

October 6, 2022 | Author: admin

Dive Brief:

The operational and security concerns that emerge from moving to the cloud include hijacking of accounts, ransomware, data privacy issues and nation-state attacks.

Organizations most commonly encountered security incidents during runtime, unauthorized access and misconfigurations. All were cited by about one-third of respondents.

Attackers are now on board with businesses' shift to cloud computing, Kevin Bocek, VP of security strategy and threat intelligence at Venafi, said in a blog post. The ripest target of attack in the cloud is identity management, especially machine identities.

Responsibility for maintaining cloud security has also shifted within organizations, as 25% of enterprise security teams are the most likely to manage cloud security.Operations teams accountable for cloud infrastructure account for 23%, followed by collaborative teams and DevSecOps.

The study of 1,100 security decision makers was conducted by Sapio in July. The officials were based in a range of international markets, including the U.S., U.K., France, Germany, the Benelux countries and Australia.

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Driving Organizational Success With the 2022 State of DevOps Report – DevOps.com

October 6, 2022 | Author: admin

Ship it!

We have just completed the research and analysis for the 2022 Accelerate State of DevOps Report (SODR) and oh boy, do we have some interesting things to share! First, let me take a short step back for those of you that may be new to the DevOps Research and Assessment (DORA) and our annual report, the SODR. DORA is an academically rigorous research program that seeks to answer the questions, What practices enable teams to be high-performing software teams? And how do these practices impact organizational performance?

Since 2014, we have surveyed 33,000 practitioners around the world spanning all major industries. The project is intentionallyand staunchlytool- and platform-agnostic. The research builds on itself, and each year we seek to both evaluate previous findings and expand in other directions or areas of research. This is important to note because many of the core findings, such as software delivery performance drives organizational performance, have been validated year after year. I would encourage you to go back and read all the reports from years past.

This year, we doubled down on our 2021 research into software supply chain security by looking at the technical practices that improve software supply chain security and the non-technical practices that impact an organizations ability to excel at securing their software supply chains. We leveraged two frameworks to focus our research: Supply Chain Levels for Software Artifacts (SLSA) and NISTs Secure Software Development Framework (SSDF). Below is a summary of some of our key findings in this area:

Our research showed that companies who prioritize and excel at securing the software supply chain experienced fewer service outages, anticipate fewer security breaches and demonstrate high levels of both software delivery performance and organizational performance. The data showed that through the use of modern practices like continuous integration, teams can improve their security posture and even amplify the positive impact these security practices have on software delivery metrics (MTTR, deployment frequency, lead time-to-restore service) and overall organizational performance.

We saw above that the biggest predictor of an organizations application development security practices was the presence of a generative organizational culture based on shared risk and information sharing. We also see that elements of these types of cultures lead to higher overall organizational performance, as well. Our research showed that high organizational performance can be achieved by fostering environments that are:

We also looked at burnout again this year and expanded the scope to understand which elements of culture contributed to lower levels of burnout. We found that generative culture, team stability and work flexibility all contributed to a reduction in burnout among employees.

In previous years, our research told us that those that excelled in technical practices also excelled at organizational performance. This year, we have more nuanced data about this topic. This year, we saw that software delivery does not predict strong business outcomes unless these practices were paired with reliability. Think about itwill a customer be satisfied with new features if the service isnt stable? What is the benefit of pushing code quickly into a fragile environment? Reliability is an essential component of driving organizational performance through software delivery performance.

We also see that site reliability engineerings (SREs) impact on organizational performance is non-linear; reliability engineering practices often do not result in additional reliability or organizational performance until a certain maturity is reached. Its important for teams to know this and approach their SRE practice as an investment. It will likely not be sparkly ponies and unicorns initially as you build the reliability muscle but, as you advance, high performance and success are likely.

Public cloud use is up a whopping 36% over 2021, whereas companies reporting no cloud usage at all are down by 50%. The use of hybrid cloud is up by 25%. Unsurprisingly, the use of cloud computing was associated with higher organizational performance. In past years we saw that it wasnt using cloud per se that led to organizational performance, rather it was the achievement of the five essential characteristics of cloud computingon-demand self-service, broad network access, resource pooling, rapid elasticity and measured service. This year, we saw that cloud computing enabled things like reliability, continuous delivery and improved supply chain security which drive organizational success.

Over 50% of folks who took our survey reported that they leveraged multiple cloud providers. We asked respondents what benefits they realized from using multiple cloud providers. Here are the top three:

Given the fact that reliability seemed to be the key to being a successful software delivery shop as well as a successful organization, it is not surprising to see availability listed by almost 63% of respondents as a benefit derived from using multiple clouds.

Our research continues to progress and we continue to dig deeper and deeper into the capabilities and practices that impact your business. We see broad adoption on the topics of security and reliability which are both heavily anchored in culture. Good culture leads to success. Period. There is no magic culture button and it takes work, but it is very achievable. Start by defining organization-wide or line-of-business-wide goals and then just start continuously improving. Dont worry about creating a three-year plan for improvement; create a one-month plan and just get to work instead. At the end of that month, evaluate your learnings, refine your focus and get back to work. With a commitment to hard work and continuous improvement, your investments should start paying off and, as an added bonus, youll have a better culture.

We hope you have enjoyed these juicy findings as much as we have and we encourage you to read the entire 2022 State of DevOps Report.

Also, please join us at dora.community to continue the discussion about these findings and to share and discuss your experiences on your journey toward excellent software delivery and operations.

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(BPRW) Google Cloud Joins the Alfred Street Baptist Church as the Title Sponsor of the Fall 2022 HBCU College Festival – Black PR Wire

October 6, 2022 | Author: admin

(BPRW) Google Cloud Joins the Alfred Street Baptist Church as the Title Sponsor of the Fall 2022 HBCU College Festival

More than 35,000 expected to attend the largest hybrid festival of its kind in the country

(Black PR Wire)Alexandria, VA Google Cloud and the Alfred Street Baptist Church have partnered for the second time for the 20th Annual ASBC Historically Black Colleges and Universities (HBCU) Festival, taking place virtually on October 7, 4:00pm-8:00pm and virtually and in person at the University of the District of Columbia on October 8, 10:00am-2:00pm.

For more than two decades, the ASBCs signature event has enabled more than 50,000 African American youth many first-generation college students to directly connect with the nations iconic HBCUs, while also providing a wealth of vital information about the college admissions process, financial aid, academic disciplines, and the vibrant cultural aspects of Black college life. In 2020 and 2021, the ASBC HBCU Festival welcomed more than 12,000 prospective students and their families, produced 1,873 offers of admission to high school seniors, and awarded more than $5.6 million in scholarships and the fall 2022 festival is poised to yield greater benefits.

Most of the 70+ HBCUs in attendance for this falls festival will conduct on-site interviews and offer instant admission virtually and on-site, while some, if not all, participating institutions will be waiving application fees. Since the festivals inception, participating HBCUs have awarded more than $40 million in the form of academic scholarships and/or waived fees.

Google Cloud is committed to HBCUs, higher education for our African American youth as well as diversity, and we are excited that they are partnering with us for the second time for this festival, says Rev. Dr. Howard-John Wesley, ASBCs senior pastor. This partnership allows us to make an essential educational impact on the lives of so many African American families and their students.

Google Cloud is a suite of cloud computing services that runs on the same infrastructure that Google uses internally for its end-user products. Google Workspace is a collection of cloud computing, productivity and collaboration tools, software and products that enhance business productivity.

At Google, we understand that HBCUs are vital to the fabric of America and have educated some of the countrys greatest minds, nurturing some of the most iconic Black pioneers, leaders, and visionaries. We are honored to partner with the ASBC Foundation and the festival which gives deserving students unparalleled access to HBCUs and scholarship opportunities, says Reginald B. McKnight, Googles Global Head of Social Impact. "We are proud to have data centers and facilities in the majority of states that are home to HBCUs, and hope that students look for opportunities with Google Cloud when the time comes for them to pursue their chosen career paths.

For more information about the 2022 ASBC HBCU Festival, please visit the festival registration page.

###

About Alfred Street Baptist Church: Established in 1803, Alfred Street Baptist Church (ASBC) will celebrate its 219th Anniversary in November and is home to one of the oldest African American congregations in the nation. It has served as a prominent religious, educational, and cultural organization in the Northern Virginia community for over 200 years. Currently under the esteemed leadership of Rev. Dr. Howard-John Wesley, ASBC has grown from 2,500 members to over 10,000 members with services on Saturday at 6p.m. and Sunday at 8:00am, 10:00am and 2:00pm. ASBC is also home to the popular Come as You Are (CAYA) worship service. For more information on Alfred Street Baptist Church visitwww.AlfredStreet.org.

About the HBCU College Festival: The HBCU College festival is a premier event that connects students and parents to Historically Black Colleges and Universities and is arguably the largest HBCU College fair in the country.

The content and opinions expressed within this press release are those of the author(s) and/or represented companies, and are not necessarily shared by Black PR Wire. The author(s) and/or represented companies are solely responsible for the facts and the accuracy of the content of this Press release. Black PR Wire reserves the right to reject a press release if, in the view of Black PR Wire, the content of the release is unsuitable for distribution.

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Cryptocurrency In A Declining Market: What Lawyers Need To Know About Bankruptcy, Regulation, And Other Trends – Above the Law

October 6, 2022 | Author: admin

Like any other investment, cryptocurrency can be exciting and rewarding when the market is hot and when it cools down, investors, funds, and the lawyers who advise them can face tricky questions.

As noted in a recent Practising Law Institute Briefing, Cryptocurrency and Bankruptcy: What Lawyers Need to Know Now That Crypto Winter Is Here, crypto is not immune to the effects of a declining market nor to bankruptcy and its related laws.

During the information-packed One-Hour Briefing, presenter Noah Schottenstein, of DLA Piper, walks attendees through the basics of the crypto finance market, defining its unique features as compared to traditional finance. He goes on to explore novel legal issues that bankruptcy courts are only beginning to face.

As explained by Schottenstein, the crypto winter that began earlier this year was associated with the crash of the Terra/Luna cryptocurrencies. The dramatic dip in the crypto market ultimately saw high-profile bankruptcy filings, including the Three Arrows Capital hedge fund and the retail-focused crypto platforms Voyager and Celsius.

The Briefing continues with discussion of topics such as the application of avoidance actions to cryptocurrency transactions, the types of claims and protections retail depositors and other counterparties may hold in bankruptcy proceedings, and the overlay between regulatory structures and bankruptcy law.

In-house counsel, outside attorneys, and compliance, finance, and other allied professionals interested in the structure of cryptocurrency finance markets and bankruptcy law can get up to date with this program and learn why expectations surrounding the impact of bankruptcy may be upended in this evolving landscape.

Crypto and securities regulation

The bankruptcy program comes at a time when the intersection of regulations and crypto is an increasingly hot topic. At The SEC Speaks in 2022, presented by PLI with the SEC in Washington, D.C. on September 8 and 9, a main topic was crypto, crypto, crypto, said Kurt Wolfe, co-host of PLIs inSecurities podcast, in an episode about the conference. Every single panel that I attended talked about crypto, even some of the ones you wouldnt think of, like trading and markets, he said.

Wolfe and co-host Chris Ekimoff discussed the significance of Chairman Genslers opening remarks for The SEC Speaks, titled Kennedy and Crypto. In his speech, the Chairman asserted, Nothing about the crypto markets is incompatible with the securities laws. Investor protection is just as relevant, regardless of underlying technologies.

Interested in learning more?

PLI offers a wealth of resources on cryptocurrency.

If youd like to brush up on the basics, check out the one-day program Think Like a Lawyer, Talk Like a Geek 2022: Get Fluent in Technology, taking place via live webcast and in person on October 14. This unique program is designed to give lawyers the necessary background to become more knowledgeable advocates in technology-related matters and understand the emerging trends in this field, including blockchain, cryptocurrencies, and NFTs.

For those interested in diving into the growing crypto trend of DAOs, or decentralized autonomous organizations, PLI will offer Decentralized Automated Organizations (DAOs): Practical Applications and Legal Framework. Register for the November 16 One-Hour Briefing to learn how DAOs have the potential to disrupt the traditional economic system as they become active investors and lenders, while raising significant issues of securities, tax, and corporate law.

See additional crypto-related content on PLIs website.

Practising Law Institute is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise. PLI is chartered by the Regents of the University of the State of New York and was founded in 1933 by Harold P. Seligson. The organization provides the highest quality, accredited, continuing legal and professional education programs in a variety of formats which are delivered by more than 4,000 volunteer faculty including prominent lawyers, judges, investment bankers, accountants, corporate counsel, and U.S. and international government regulators. PLI publishes a comprehensive library of Treatises, Course Handbooks, Answer Books and Journals also available through the PLI PLUS online platform. The essence of PLIs mission is its commitment to the pro bono community. View PLIs upcoming programs here.

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Cryptocurrency users with gambling affinity are more involved mentally and financially than non-gambling users – PsyPost

October 6, 2022 | Author: admin

Cryptocurrency users who also gamble tend to be more mentally involved compared to their non-gambling counterparts, according to new research published in Computers in Human Behavior. The new study provides insight into some of the psychological patterns that characterize heavy cryptocurrency users.

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since then, cryptocurrencies have become increasingly popular. But prices can fluctuate rapidly and investing in cryptocurrencies involves substantial risk.

The risk-taking aspect of cryptocurrencies has led researchers to examine the potential link between cryptocurrency trading and problem gambling. Study author Fred Steinmetz noted that trust in cryptocurrency and ideological motivation might play a substantial role in the use of cryptocurrency. Furthermore, little is known about cryptocurrency users who also gamble

Since the beginning of my research journey in 2015, my research topics included blockchain technology, cryptocurrency, and gambling. It was only logical for me to start investigating the intersections between these topics, said study author Fred Steinmetz, co-founder of the non-profit Blockchain Research Lab and author of Blockchain and the Digital Economy: The Socio-Economic Impact of Blockchain Technology.

For his study, Steinmetz analyzed a representative sample of 3,864 Germans regarding their use of cryptocurrency and engagement in gambling over the past year. The data was collected in 2019.

The participants were categorized into four separate groups: there were 1,844 non-users (who neither gambled nor ever used cryptocurrency), there were 1,312 gamblers (who had gambled recently but never owned cryptocurrency), there were 708 crypto-users (who at some point owned cryptocurrency but had not gambled recently), and there were 435 crypto-gamblers (who at some point owned cryptocurrency and had also gambled recently).

Crypto-gamblers reported having significantly higher levels of knowledge about blockchain technology along with higher levels of trust in cryptocurrency. Crypto-gamblers were also much more likely, compared to regular crypto-users, to consider their ownership of cryptocurrency to be ideologically motivated.

Cryptocurrency is not only about trading alternative financial assets. In differentiation to, e.g. trading stocks, cryptocurrency users experience a different mental involvement, which relate to the narratives and ideologies which permeate the industry, Steinmetz told PsyPost. Cryptocurrency users with gambling affinity are more involved mentally, proactively and financially than non-gambling users.

In addition, crypto-gamblers tended to be younger, more likely to be male, better educated, and better off financially than non-gambling crypto-users. The profiles of crypto-gamblers resemble those of skill-based gamblers and stock traders but differ in terms of their average young age, Steinmetz wrote in his study.

The crypto-gamblers were further broken down into three distinct clusters. One cluster consisted of those with high ideological motivation and trust toward cryptocurrency and a moderate level of financial investment who used their cryptocurrency for the purpose of speculating relatively infrequently. The second cluster had high ideological motivation and trust, a high level of investment, and frequently engaged in cryptocurrency speculation. The third cluster consisted of crypto-gamblers with low ideological motivation and trust, low levels of investment, and low levels of cryptocurrency speculation.

Among crypto-users who also gamble, I identified a group which comprises the heavy users, who are highly engaged and potentially consider cryptocurrency and gambling substitutes, Steinmetz told PsyPost. The interrelations among the investigated variables suggest that high levels of mental involvement among crypto-users who also gamble induces higher engagement in terms of owning more cryptocurrencies and speculating more often.

The second cluster of heavy users accounted for a sizable share of crypto-gamblers. A ~35% share of heavy users among all cryptocurrency users who also gamble was not expected. This warrants further research on the domain, Steinmetz said.

The results suggest that rather than focusing solely on trading frequencies of cryptocurrency, researchers should broaden their scope by recognizing the importance of mental involvement of cryptocurrency users, e.g. trust-perceptions, proclaimed knowledge about cryptocurrency and ideological motivation, the researcher said.

The study, The interrelations of cryptocurrency and gambling: Results from a representative survey, was published online on August 22, 2022.

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Reversible blockchain transactions are key to fighting crime and wide adoption – Cointelegraph

October 6, 2022 | Author: admin

A proposal out of Stanford University to make crypto transactions reversible is adding a wrinkle to discussions of crime and fraud prevention. Researchers suggested that mutability the ability to reverse blockchain transactions would help prevent crime.

One of the advantages of cryptocurrency is that it is possible for the market individuals, traders and banks to decide if reversibility is wanted. Not only would a new (reversible) cryptocurrency be able to test the acceptance or desire for reversible transactions, it would help to test the idea that reversibility reduces crime.

Although cryptocurrency is not a tool of the dark web, its sometimes portrayed as such. Fraud, scams and other forms of crime do happen and are growing in proportion with the amount of money invested and the number of coins traded.

One of the main ways law enforcement addresses crime in crypto markets is with blockchain forensics. Blockchain forensics is a growing field in law enforcement where transactions are analyzed to follow and recover stolen or fraudulently obtained cryptocurrency assets. It first achieved prominence a few years ago when the United States Internal Revenue Service used it to successfully recover the ransom Colonial Pipeline paid to the hackers who took control of it. But in the highly decentralized and risky world of cryptocurrencies and nonfungible tokens, blockchain forensics is becoming an important tool for compliance as well as regulation, creating potential impacts on legitimate traders.

Related: Get ready for the feds to start indicting NFT traders

Investigators closely scrutinize the transactions recorded on blockchains, looking for signs people are trying to hide or disguise their tokens. Some of these include rapidly switching between ledgers, using tools that mask or fake IP addresses, multiple small transactions and using a tumbler or mixer service, where crypto from many sources is pooled together to disguise where its coming from.

Reversibility would make it much easier for law enforcement to recover stolen and fraudulently obtained funds, reducing the potential rewards from crime. That could reduce the risk for banks and other established financial institutions in offering cryptocurrency services to the general public as opposed to being special investments. It would also reduce any problems associated with human error, such as fat finger errors. This would help make cryptocurrency much more useful for exchange, investment and other mundane uses.

On the other hand, reversibility or mutability would also run up against the idea of the blockchain itself. Mutability could make the blockchain as vulnerable to manipulation as any other repository of information, which would stultify one of its key security features. And attempting to impose a standard for when the blockchain could be edited would seemingly violate another important feature: that of decentralization.

The anonymous, decentralized nature of cryptocurrency finance makes tension between regulators and cryptocurrency somewhat inevitable. For ideological or privacy reasons, many people are attracted to the promise of anonymity offered by the blockchain, but those features attract more scrutiny from regulators as that same anonymity can enable transactions that range from those where taxes arent collected to the sale of illegal drugs or weapons or enabling countries such as North Korea evade international sanctions.

As cryptocurrencies become more mainstream, financial institutions and investors will also push regulators and exchanges to adopt protections or weaken the anonymity to comply with securities and Anti-Money Laundering laws.

Related: Bidens anemic crypto framework offered nothing new

Mutability would make blockchain forensics even more important to regulators and investors. As an analogy, various government agencies and financial institutions require that companies and individuals keep accurate financial records. Many fraud schemes require manipulation of these records embezzlers have to cover their tracks, stock waterers try to convince people a company is doing better than it actually is in order to inflate the share price and on and on. When they get discovered, forensic accountants are called in to put together accurate financial statements.

Blockchain forensics firms would end up in charge of protecting the integrity of the blockchain, effectively becoming the de facto central authority and leading to inevitable variations of Can we trust them?

But the final say on making the blockchain reversible or mutable should be the decentralized force of the market itself. The most unique thing about cryptocurrency is that there are and can be so many currencies competing against one another all at once. In early modern Europe, a stable currency emerged out of hundreds of unstable ones, backed by high-purity precious metals and managed by a central bank. This astonishing achievement of men in tights, as economist Nathan Lewis memorably put it, was driven not by power-hungry monarchs but by merchants in places such as London and Amsterdam who demanded stability, while ordinary people benefited because they could rely on their money being valuable.

Unless decentralized finance can come up with an alternative that improves security and stability while not compromising its principles, a similar process may be underway.

Brendan Cochrane is the blockchain and cryptocurrency partner at YK Law. He is also the principal and founder of CryptoCompli, a startup focused on the compliance needs of cryptocurrency businesses.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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CME Group Appoints New Global Heads for Equity Index and Cryptocurrency Businesses – PR Newswire

October 6, 2022 | Author: admin

CHICAGO, Oct. 5, 2022 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the appointment of two new global heads for its Equity Index and Cryptocurrency businesses to continue driving product innovation and supporting long-term growth.

Paul Woolman, Global Head of Equity Index Products, will oversee the company's Equity Index product portfolio, while Giovanni Vicioso, Global Head of Cryptocurrency Products, will assume responsibility for the company's Cryptocurrency products. Woolman and Vicioso will report to Tim McCourt, who previously led both business lines and was recently named to the CME Group management team as Global Head of Equity and FX Products.

"Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation," said McCourt. "In their expanded roles, Paul and Gio will continue to meet the needs of our clients by providing products and services to manage risk in today's ever-changing marketplace."

Woolman has worked in equity derivatives for more than 20 years. He joined CME Group in 2016 as Senior Director, Head of EMEA Equity Products and Alternative Investments. Prior to CME Group, Woolman served as a Delta One Equity Derivatives Trading Director at Bank of America Merrill Lynch for 11 years, where he managed exposure across futures, ETFs, swaps, and structured products, as well as cash equities and FX. He holds a bachelor's degree in geography from the University of Bristol and an MBA from London Business School.

Vicioso, with nearly 30 years of financial markets experience, joined CME Group in 2012 as Senior Director of Equity Products, in which he also began his involvement in CME Group's Cryptocurrency business. Prior to CME Group, he served as Vice President for RBC Capital Markets' Equity Derivatives Group on their OTC Equity Derivatives desk.Prior to RBC, he worked at Deutsche Bank in the Global Equity Derivatives Division. Vicioso holds a bachelor's degree in mechanical engineering from Rutgers University and an MBA from Columbia Business School.

This new reorganization comes amid a strong surge in growth from CME Group's Equity Index and Cryptocurrency business lines.

Equity Index trading highlights include:

Cryptocurrency trading highlights include:

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based oninterest rates,equity indexes,foreign exchange,energy,agricultural productsandmetals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-miniare trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively.Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

CME-G

SOURCE CME Group

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