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Bridging On-Premise and Cloud Data – International Society of Automation

Hybrid data architectures empower process manufacturers to more quickly realize the business benefits from their cloud and IIoT investments.

By 2028, cloud computing and the Internet of Things (IoT) in manufacturing will be poised to achieve the plateau of productivity, or the phase when they drive transformational impact on business outcomes, according to business analyst firm Gartner. At this point in their digital transformation journeys, many manufacturers have completed their Industrial Internet of Things (IIoT) pilot projects and are approaching mid- to late-stage adoption in operations.

While the term IIoT was coined just a few years ago, the large volumes of data associated with it are familiar to the process control and automation industries. For decades, manufacturers have generated and collected more data than they know what to do with via sensors, legacy digital networks, and various host systems.

But a great deal of data was stranded in process historians and other databases, collecting dust. Today, manufacturers can fully benefit from this data and information in the cloud by using hybrid data architectures coupled with advanced analytics applications.

Transitioning to agile production requires optimizing the entire supply chain, from improving overall equipment effectiveness and asset reliability to reducing inventory. IIoT implementations can help organizations clear common optimization hurdles, because they empower staff to access, collect, and analyze more data in near real time. This enables process experts and operators to make timely and productive decisions to enhance product quality, optimize operations, and reduce waste.

With Internet connectivity, IIoT implementations can directly access the vast computing power and scalability of the cloud. Each year, the variability, speed, and volume of process data grows exponentially, rendering IIoT architectures as the only suitable options for compute-intensive Industry 4.0 projects.

Some of the leading cloud applications and components include digital twins, machine learning (ML) tools, autonomous robot artificial intelligence (AI) repositories, and augmented reality simulators. Each of these use cases requires high CPU processing power, which can be difficult for on-premise servers to provide because information technology (IT) teams cannot scale up the required computing resources on demand.

According to Gartner, when it comes to cloud computing for manufacturing operations, the industry is currently in a trough of disillusionment, or a state of lowered expectations. This mindset is largely a result of the unproven idea that IIoT and related databases must feed a central data lake, which is intended to serve as the single source of truth and common access point for all users worldwide.

If this were true, cloud-based data lakes would need to replace all existing process historiansalong with other host systems such as those used for asset management, laboratory information, or inventory trackingto provide the data required for analysis. In reality, this is not the best approach because many legacy on-premise servers, such as those hosting process historians, collect and store highly valuable operational technology (OT) data. The context housed in these rich data archives is required to ensure Industry 4.0 initiatives, such as predictive maintenance via ML, succeed. Attempts to move or copy this OT data to the cloud are often time consuming and costly.

To properly aggregate and analyze the data produced by legacy sensors and infrastructure alongside new born-in-the-cloud IIoT sensor data, a bridge is required.

To address this issue and provide combined access to OT, IIoT, and other data, process manufacturers use a hybrid data architecture approach to:

This is not a rip-and-replace approach but is instead a bridge connecting traditional manufacturing data infrastructure with cloud-native data to leverage the best data from both sides by creating a continuum of access. Process automation systems can continue to use on-premise or edge data for real-time decision making where low latency is required. Simultaneously, the hybrid model empowers organizations to apply global reporting and compute-intensive tasks, like ML, to cloud-native IIoT data (figure 1).

This approach requires a data abstraction layer to facilitate traffic flow among various data sources (figure 2).

Figure 1. Hybrid data architectures empower manufacturing organizations to leverage IIoT in the cloud for compute-intensive processes, while executing real-time process control using on-premise data. Figure 2. Data abstraction layers facilitate data access and transfer among multiple data sources, including on premise and cloud databases. Data abstraction indexes and facilitates access to data in its native locations, a key differentiating point from data-lake functionality. Because data is not copied or moved, its management is significantly simplified. Once data abstraction is implemented, organizations can add advanced analytics applications to simultaneously query and make use of information from multiple, and often previously disparate, data sources. This improves awareness and predictive maintenance capabilities across the organization.

For example, when training and executing ML models, organizations must access maintenance records and historical process data. Staff must then access results to proactively identify issues and adjust the operational model. Abstraction makes it easy for personnel and software applications to access multiple datasets through a single source.

Asset monitoring is a critical task for many process manufacturers. For common assetsincluding pumps, valves, heat exchangers, and othersmanufacturers deploy a variety of maintenance methods to maximize productivity over the assets life. At the two extremes, these methods include run to fail in the most basic case, and condition monitoring for predictive maintenance in more advanced situations.

By monitoring asset performance to detect anomalies in near real time, manufacturers can identify potential issues before failure, reducing unplanned downtime and maintenance costs. When these anomalies are detected, advanced analytics software can generate alerts to inform personnel, so they can schedule inspections and maintenance of affected assets.

These monitoring applications can be scaled to hundreds of assets across multiple sites. Therefore, it is critical to normalize data before generating alerts and to streamline notification paths so the right personnel are informed.

By working together, OT and IT teams can use a hybrid data architecture to achieve these asset monitoring goals. First, OT teams must deploy suitable sensors, in addition to data acquisition and storage technologies, to populate asset hierarchies with data for grouping equipment and devices of a common process or location. These asset hierarchies include sets of metadata collected for each asset of a common taxonomy. Once the hierarchies are in place, assets can be analyzed within process groups, rather than individually, or solely as unrelated assets of the same type.

Next, OT works with IT personnel to ensure the former group can access this data securely by implementing cloud data storage, advanced analytics, and workflow automation tools. IT and data science teams collaborate with OT subject matter experts to configure ML models that create insights and effectively predict asset failure, generating intelligent alerts to improve issue remediation and decrease downtime.

When evaluating hybrid data infrastructure, organizations should consider these questions before implementation:

Hybrid data architectures empower process manufacturers to more quickly realize the business benefits from their cloud and IIoT investments. By using IIoT data and pipelines, on-premise process data, abstraction, and advanced analytics, organizations can quickly pass through the trough of disillusionment and reach the digitalization plateau of productivity.

We want to hear from you! Please send us your comments and questions about this topic to InTechmagazine@isa.org.

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Everything is gone: Russian business hit hard by tech sanctions – Ars Technica

vladimir18 | Getty Images

Russian companies have been plunged into a technological crisis by Western sanctions that have created severe bottlenecks in the supply of semiconductors, electrical equipment, and the hardware needed to power the nations data centers.

Most of the worlds largest chip manufacturers, including Intel, Samsung, TSMC and Qualcomm, have halted business to Russia entirely after the US, UK, and Europe imposed export controls on products using chips made or designed in the US or Europe.

This has created a shortfall in the type of larger, low-end chips that go into the production of cars, household appliances, and military equipment. Supplies of more advanced semiconductors, used in cutting-edge consumer electronics and IT hardware, have also been severely curtailed.

And the countrys ability to import foreign tech and equipment containing these chipsincluding smartphones, networking equipment, and data servershas been drastically stymied.

Entire supply routes for servers to computers to iPhoneseverythingis gone, said one Western chip executive.

The unprecedented sweep of Western sanctions over President Vladimir Putins war in Ukraine are forcing Russia into what the central bank said would be a painful structural transformation of its economy.

With the country unable to export much of its raw materials, import critical goods, or access global financial markets, economists expect Russias gross domestic product to contract by as much as 15 percent this year.

Export controls on dual use technology that can have both civilian and military applicationssuch as microchips, semiconductors, and serversare likely to have some of the most severe and lasting effects on Russias economy. The countrys biggest telecoms groups will be unable to access 5G equipment, while cloud computing products from tech leader Yandex and Sberbank, Russias largest bank, will struggle to expand their data center services.

Russia lacks an advanced tech sector and consumes less than 1 percent of the worlds semiconductors. This has meant that technology-specific sanctions have had a much less immediate impact on the country than similar export controls had on China, the behemoth of global tech manufacturing, when they were introduced in 2019.

While Russia does have several domestic chip companies, namely JSC Mikron, MCST, and Baikal Electronics, Russian groups have previously relied on importing significant quantities of finished semiconductors from foreign manufacturers such as SMIC in China, Intel in the US, and Infineon in Germany. MCST and Baikal have relied principally on foundries in Taiwan and Europe for the production of the chips they design.

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Next-Generation Memory Market Estimated to Reach USD 14 Billion, at a CAGR of 29.9% by 2030 – Report by Market Research Future (MRFR) – GlobeNewswire

New York, US, June 03, 2022 (GLOBE NEWSWIRE) -- Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Next-Generation Memory Market information by Product, by Application and Region Forecast to 2030 market size to reach USD 14 billion, growing at a compound annual growth rate of 29.9% by 2030.

Market Scope: Over the past few years, next-generation memory has evolved extensively due to rising uses in small, niche appliances led by its low switching energy, non-volatility, and low power consumption. Next-generation memory is becoming critical for many applications as it needs a very small amount of energy for polarization compared to other technologies.

Report Scope:

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Storage and memory have become foundational pillars of todays digital-first economy. This trend is projected to continue through 2022 and years ahead, witnessing robust demand for storage and memory technologies. Increasing developments of next-generation memory technologies to address gaps in todays storage hierarchy and needs for real-time data processing influence the market landscape.

For so many years, the automotive industry has been looking for a breakthrough memory solution with the same attributes as DRAM and flash and could transform memory space. MRAM, PCM, and ReRAM technologies have emerged as these solutions to meet the market demand. STT-MRAM features the speed of SRAM and the non-volatility of flash with unlimited endurance.

Market USP Exclusively Encompassed:Market DriversOver recent years, several next-generation memory types have been seen emerging rapidly. There are still many research activities in the pipeline working on ramping product launches. Moreover, increasing R&D funding required for extensions of new memory technologies and advances in MRAM, phase-change memory (PCM) and ReRAM are shaping market dynamics.

Browse In-depth Market Research Report (100 Pages) on Next-Generation Memory Market:https://www.marketresearchfuture.com/reports/next-generation-memory-market-2448

Some new memories are entirely based on advanced technologies/ involve architectural changes, such as near-or in-memory computing, bringing processing tasks inside of memory. Additionally, increasing R&D investments are poured into developing a solution helpful in overcoming several technical and business hurdles. Some of them are potentially targeted to replace new age DRAM, NAND, and SRAM.

Furthermore, efforts in pushing the development of 3D SRAM that stacks SRAM and can replace planar SRAM in the future are likely to influence the market scenario. Also, there are vast improvements in new memory types with new materials, storage concepts, and materials technology. This indicates significant potential challenges in the material and structural characterization.

Segmentation of Market Covered in the Research:The next-generation memory market is segmented into products, applications, and regions. The product segment comprises volatile memories (static random access memory (SRAM), dynamic random access memory (DRAM), others) and non-volatile memories (PCM, FeRAM, MRAM, RE RAM, others).

The application segment comprises consumer electronics (mobile phones, smartphones, laptops, iPods, tablets, others), manufacturing, IT & telecommunication, aerospace & defense, etc. The region segment comprises the Asia Pacific, Middle East & Africa, North America, Europe, and rest-of-the-world.

Talk to Expert: https://www.marketresearchfuture.com/ask_for_schedule_call/2448

Regional AnalysisNorth America dominates the global next-generation memory market. Factors such as increased investments in technology developments and wide adoption of PCM memory, MRAM, and DRAM, among end-users, drive the regions market shares. Besides, the presence of several notable players and the technical expertise drive the regional market growth. The introduction of innovative memory and storage solutions developed using disruptive technologies, such as AI, ML, and IoT, to cater to autonomous vehicle manufacturing companies boost the market size.

Europe is the second-largest market for next-generation memories. The rising demand for next-generation memory in various end-use applications and the adoption of next-generation memory devices in data centers for cloud computing applications to gain scalability and improve the memory capacity escalate the market value. Additionally, the growing IT industry and high deployments of cloud computing technologies in SMEs & large enterprises in the region push market revenues.

APAC has emerged as a rapidly growing market for next-generation memory solutions. The spurring rise in the financial and healthcare sectors and the increasing uptake of on-premises and on-cloud database infrastructures fosters regional market growth. Furthermore, the rising numbers of data centers and cloud servers in the region boost the size of the market.

With the growing investments in efficient next-generation memory technology, the APAC next-generation memory market is likely to create a substantial revenue pocket during the assessment period. Also, the rising trend of outsourcing services in real-time intelligence and the advanced predictive analytics on different applications propel the regions market shares.

Competitive AnalysisThe next-generation memory market witnesses significant strategic initiatives, such as collaboration, mergers & acquisitions, expansion, and advanced technology integration. Matured industry players make strategic investments in driving research and development activities and expansion plans. The market witnesses several innovative product launches and related technology launch each year.

Dominant Key Players on Next-Generation Memory Market Covered are:

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For instance, on April 14, 2022, Keysight Technologies, Inc., a leading technology company, announced a funding deal with SK Hynix to enable speed semiconductor memory technology development. SK Hynix can use integrated peripheral component interconnect express (PCIe) 5.0 test platforms by Keysight to speed the development of memory semiconductors used to design advanced solutions capable of supporting high data speeds and managing massive data.

Keysight delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world. Keysights integrated PCIe test solutions are used by leading memory chip makers to validate Compute Express Link (CXL) technology. Keysights PCIe test platforms enable SK Hynix to validate the performance of bandwidth memory expansion modules deployed in many Industry 4.0 applications.

Related Reports:Next Generation Biometrics Market, By Component, Technology, Verticals, Authentication Type- Forecast till 2027

Next-Generation Power Semiconductors Market Information, by Product Material, by Device, by Applications- Forecast- 2027

Next Generation Batteries Market Research Report: By Type and By Application - Forecast till 2027

About Market Research Future:Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Next-Generation Memory Market Estimated to Reach USD 14 Billion, at a CAGR of 29.9% by 2030 - Report by Market Research Future (MRFR) - GlobeNewswire

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3 key indicators traders use to determine when altcoin season begins – Cointelegraph

It's widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins.

When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin's consolidation phases and this typically leads to a call for an altcoin season. While Bitcoin's current dip below $30,000 shows that it's a bit premature to call for an altseason, analysts are still charting a variety of different outcomes that point to an altcoin season. Let's have a look.

Insight into the possibility of an altcoin season using the ETH/BTC chart as an indicator was discussed by analyst and pseudonymous Twitter user PlanDeFi, who posted the following chart comparing the 2016 to 2017 performance of ETH/BTC against the pair's performance in 20212022.

PlanDeFi said,

Based on the projection provided, the next altseason could kick off sometime after the start of July and it has the potential to extend through the end of 2022.

Further evidence that the market may be approaching an inflection point was provided by El_Crypto_Prof, who posted the following chart looking at the history of the altcoin market capitalization.

El_Crypto_Prof said,

Related: Fed money printer goes into reverse: What does it mean for crypto?

While fractals are pleasing to the eye and give hope to disillusioned traders, most fail to materialize and they are not accurate analysis methods to rely on when trading.

The Altseason Indicator provides a more metrics-based method for predicting when the market is in "Bitcoin season" and "altcoin season."

According to the chart above, it does not appear as though an altseason is likely to happen anytime soon because the metric is currently providing a readout of 24, while the level needed to signify an altseason is 75.

Based on the past performance of the index, it has taken a minimum of two to three months for it to climb from the area indicating that it is Bitcoin season to the altcoin season level. Current projections, according the the indicator, suggest that an altcoin season might not start until August or September 2022.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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3 key indicators traders use to determine when altcoin season begins - Cointelegraph

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Crypto Bill Will Be Introduced on June 7TH, Could Be Horrendous for Altcoins – Coinpedia Fintech News

U.S. Senator Cynthia Lummis (R-Wyoming) has been working on an action plan for months. Lummis, a long-time proponent of cryptocurrencies, has been working on a proposal that would fully integrate digital assets into the US financial system.

Weve been teasing it for months, but the time is almost here a proposal to fully integrate digital assets into our financial system. Excited to finally unveil this effort next week. Stay tuned

The legislation will be introduced on Tuesday, June 7th, and it is significant because it includes definitions of which coins are commodities, which coins are securities, stable coins, the CBDC framework, and the NFT direction. This legislation will most likely be ideal for bitcoin, but it could also be beneficial to crypto in general.

The much-heated topic is analyzed by Altcoin daily on their channel as to why you should care about this. First and foremost, Cynthia Lummis is the one who is initiating and spearheading this bill.

On June 7th, Cynthia Lummis will introduce legislation to integrate cryptocurrency into the financial system. She has been a strong supporter of bitcoin and cryptocurrencies.

If passed, it would impose a two-year freeze on new and renewed air permits for fossil-fuel power plants that are used for energy-intensive proof-of-work cryptocurrency mining the computing process that records and secures bitcoin and other forms of digital money. Bitcoin and other cryptocurrencies use a blockchain-based mechanism called proof-of-work.

The first member on the panel who is everyones favorite is Michael Saylor. Michaels stance on crypto is unmistakable: securities and bitcoin are the most ethical and most transparent, as he stated during the panel discussion.

The second set of eyes is on Ted Cruz, a Republican from Texas. Cruz has been very positive about bitcoin and crypto, despite the fact that he himself doesnt understand it and is trying to get other politicians to understand it. All in all, he doesnt want to over-regulate it, which is good but is he more biased toward bitcoin? Time will tell.

According to other reports, Cruz now has large crypto donors who run a proof of work network in his state, keeping bitcoin strong and altcoins weak directly benefits Texas, and some of his largest new donors also take benefit. Cruz claims to own bitcoin and everything else is outside his risk profile.

Caitlyn Long blockchain consultant from Wyoming. She is hoping to work with Fed to create a custodial and Slowing Defi momentum that is in her best interest according to the reports.

Now again much like Caitlyn Long, Cynthia Lummis in their opinion has a little libertarian agenda and doesnt want to over-regulate the crypto space so is it in her best interest to slow defi that remains to be seen.

There arent many pro-defi, pro-Ethereum, pro-crypto folks working on this bill, and of course, Cynthia Lummis is spearheading it and has her own interests to pump bitcoin over any other L1s or altcoins. She stated that altcoins will rise from the ashes, reinforcing her belief in bitcoin.

she states burn it all down bitcoin will be the phoenix that rises quick

Bitcoin holders are in great difficulty this week, and the first thing they point out is that commodities vs securities are being resolved by legislation, and Ethereum L1 will fall within the securities umbrella.

So the lesson from all of this is that the folks who worked on this legislation are all very bitcoin oriented and bitcoin-centric, with a small number of Ethereum maximalists, and no defi or NFT types. Bitcoin users, on the whole, have a more libertarian attitude about crypto. Even though this isnt a final bill, it wouldnt be good if ETH, NFT, and crypto were classed as the riskiest securities.

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Ethereum-Based Altcoin Skyrockets 70% in Just 10 Days, Thwarting Crypto Market Trend – The Daily Hodl

One surging Ethereum-based altcoin is defying the bear market as it trends higher while the broader crypto markets struggle.

XCN, the governance and utility token for cloud blockchain protocol Chain, has surged by more than 70% in the past 10 days while most other crypto assets have moved sideways.

XCN was trading around $0.10 on May 25th and is now priced at $0.174 at time of writing. The asset has also climbed up the crypto market cap rankings, going from 51st in mid-May to 28th this week.

The company has also announced that it is continuing to hire new employees despite widespread stagnation in the crypto markets.

XCN also became available on BNB Chain last month, the blockchain network of Binance, the worlds largest crypto exchange platform by volume. Via BNB Chain, the crypto asset can now also be deposited using the Huobi, Gate.io and KuCoin crypto exchanges platforms.

On Friday, Chain announced it had burned a staggering $2.6 billion worth of XCN, more than 22% of the tokens total supply, under a new governance shift.

As stated by Chain CEO Deepak Thapliyal,

The XCN token burn signifies the shift toward Chains decentralized DAO [decentralized autonomous organization] governance. This milestone recognizes both XCNs impact on Web 3.0 development and the innovators who have used it to build on Chain.

Featured Image: Shutterstock/Fotomay/Nikelser Kate

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The Next Big Cryptocurrency Altcoins Ethereum (ETH), Solana (SOL) and Mushe (XMU) – The Portugal News

Altcoins are a type of cryptocurrency that came into the crypto market after Bitcoin started to gain traction, and innovators saw that cryptocurrency had potential.

Alternative coins, or altcoins as we all know them, are cryptocurrency coins listed on the crypto market and are not bitcoin. Bitcoin is in a world of its own as it is the leading cryptocurrency coin in the world with the highest price and users.

Other crypto innovators decided to develop other coins that will serve as investments and help other prospective and existing investors go into the cryptocurrency world without going directly into Bitcoin.

The cryptocurrency world is wide, and Altcoins are one of the biggest sectors in the crypto market. Altcoins are one of the reasons that we have multiple investors in different parts of the world interested in and investing in cryptocurrency. There are thousands of altcoins listed on the cryptocurrency market.

These altcoins were created in different ecosystems, and they serve different purposes. However, all of the purposes still come down to being an investment token for users worldwide. There are certain Altcoins already topping the charts.

Some of them are Solana (SOL), Ethereum (ETH), Ripple (XRP), and so on. On the other hand, Mushe (XRM) is one of the altcoins still coming up. In this article, we'll be talking about three of these altcoins; Ethereum (ETH), Solana (SOL) and Mushe (XMU).

Ethereum (ETH) is the biggest altcoin in the cryptocurrency market. Second, right after Bitcoin, Ethereum (ETH) is one of the world's most popular and most used cryptocurrency platforms and tokens.

The original creator of smart contracts, Ethereum (ETH) is a decentralised blockchain platform that uses a peer-to-peer network that executes and verifies the application odes of smart contracts securely.

These smart contracts allow the users to trade assets without needing a central authority, enforcing the decentralisation of cryptocurrency.

The cryptocurrency token of this network is Ether (ETH). ETH is the native crypto of Ethereum that is used as a cost of processing transactions on the network.

Owners of ETH can store their Ether in their wallets. However, the ETH isn't directly stored in the wallet. But, a private key to access each Ether is stored in this wallet. Ethereum (ETH) is moving to an operational protocol that provides rewards and transaction incentives to users who stake their ETH.

Due to the accessibility and vastness of the Ethereum (ETH) network, many emerging crypto projects and tech advances are built on it.

Solana (SOL) is another top altcoin that is a strong competitor of Ethereum.

Solana (SOL) is an open-source platform that's highly functional and implements the new high-speed and permissionless layer-1 blockchain.

Created in 2017, Solana (SOL) uses an innovative hybrid consensus that uses a unique proof-of-history (PoH) algorithm and the lightning-fast synchronisation engine, which is a better version of the proof-of-stake (PoS) system.

Solana (SOL) was created to do the same things that major popular blockchains do, but costing less and working at a higher speed. Solana (SOL) is a peer-to-peer platform that uses smart contracts, just like Ethereum (ETH).

It also facilitates the creation of decentralised apps (DApps). The native token of this platform is SOL. This token, SOL, is used for the major exchange transactions in the system.

Mushe (XMU) is a new altcoin crypto token just added to the crypto world. It is a platform created to support peer-to-peer interactions and worldwide blockchain adoption by providing digital asset access for its users all over.

The Mushe ecosystem utilises the smart contact feature on the Ethereum (ETH) network.

The utility token of the Mushe (XMU) ecosystem is XMU. This XMU is a decentralised token used as an exchange medium in the Mushe ecosystem. It can also be staked, rewarding users who stake them and giving governance rights to users who hold these tokens.

The XMU token is designed to provide more opportunities as the system grows.

The presale of the Mushe (XMU) network and ecosystem has started. If you would like to join or have questions about it, use any links below.

Official Website: https://www.mushe.world/

Presale Registration: https://portal.mushe.world/sign-up

Telegram: https://t.me/MusheWorldXMU

Twitter: https://twitter.com/Mushe_World

Instagram: https://www.instagram.com/mushe_world/

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The Next Big Cryptocurrency Altcoins Ethereum (ETH), Solana (SOL) and Mushe (XMU) - The Portugal News

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Altcoins At Risk? Bitcoins Growing Dominance is the Current Focus of Attention! – Coinpedia Fintech News

It is a known fact that Bitcoin is the most dominant crypto in the market, sharing nearly 50% of the global market capitalization. The asset surged more than 6% in the past 24 hours, regaining the lost positions above $31,000. However, when the BTC prices were cemented around $30,000 for almost a month now, will the current spike be held or it is just a short-term bounce?

The BTC price holding $31,000 and the dominance of over 46% are extremely important for the other altcoins to shine. No doubt the altcoins do possess their own independent rallies, yet follow the primitive token.

It is quite evident with Ethereum, as despite huge short liquidations, the asset remained restricted below $1900. Therefore, the recent couple of pullbacks and crashes have not impacted the dominance at the peak, and hence it indicates a strong rally is still in place.

The past year displayed a massive bull rally not once but twice. Each time just before a huge altcoin rally, the dominance had peaked with the BTC price also hitting a new ATH each time. High BTC dominance usually indicates the altcoins have been heavily undervalued and hence its the time when the funds may flow into them from Bitcoin.

However, the current scenario is a little distinct from the 2021 rally as the liquidity has dried up in the market with reduced activity. Previously, while Bitcoin was ranging high, altcoins appeared weak. However, currently, despite the BTC price showing some signs of upswing along with most of the altcoins, the rallies of Bitcoin & altcoins are extremely weak. And hence any bounce appears to be just a short-lived dead cat bounce, which is primed to tank down massively.

On the other hand, external factors like the FED interest rate, stablecoin regulation, ban on mining in some regions, etc may deeply impact the Bitcoin (BTC) price and its dominance. And hence the altcoins may also find it a tedious job to maintain the strength to ignite a significant upswing.

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Is Tezos’ [XTZ] 11% rally a bullish initiation or a one-time wonder – AMBCrypto News

Over the last 24 hours, several cryptocurrencies have observed recovery, with Bitcoin itself trading 4% above its 5 Junes closing price.

Tezos is one token that has also made significant progress in correcting the losses that the token witnessed from the Terra crash of 9 May.

The altcoin is currently among the cohort of assets leading the green bars on the charts, having risen by 11.42% at the time of writing. Trading at $2.11, XTZ is performing better than most of the other cryptocurrencies trading at the moment.

This rally has also brought the coin closer to breaching the eight-month-long downtrend, which can also be considered as an opportunity to reclaim lost profits.

Although the downswing in the case of Tezos has been attempted to be invalidated in the past, things seem different this time around. At the time of writing, the bullish support seems sustained.

The downtrend indication of the Parabolic SAR is on the verge of being flipped into an uptrend, XTZ, which will be critical in pushing the altcoin above $2.4, critical support.

And this is backed by the fact that there are rising bullish hints on the Squeeze Momentum indicator. Since the asset is in an active squeeze, a squeeze release in bullish circumstances will further the rise.

Furthermore, 6 June also happens to be the first instance in almost two months that the Relative Strength Index (RSI) has reached the bullish zone. The last time XTZ was here, the altcoin marked a 31.88% rally in 10 days.

Naturally, investors are looking to invest in the altcoin currently, and they might actually find this to be a better time since the on-chain data indicates that Tezos state has improved significantly in terms of investment.

The risk-adjusted returns on the asset have grown from negative 7.31 at the beginning of May to negative 0.84 at the time of writing.

In addition to this, the volatility of Tezos further stands at a low of 1.43 despite the month-long rise during which it increased by more than 27%.

This indicates that price swings will be well under control going forward, which is necessary for reclaiming recent losses.

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Is Tezos' [XTZ] 11% rally a bullish initiation or a one-time wonder - AMBCrypto News

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ETH 2.0 is coming and $950M worth of inflows suggest…. – AMBCrypto News

Ethereum, the worlds largest altcoin, has seen unprecedented traction since its inception. Fair to say, the upcoming Merge has played a significant role in upping the associated interest in the crypto. ETH 2.0 is a multi-stage shift of the Ethereum network from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The transition would enhance the networks scalability, efficiency, and speed.

Just like the way PoW blockchains rely on miners to validate transactions, the PoS consensus mechanism relies on stakers to validate transactions by running nodes. Staking equates to depositing 32 ETH to activate validator software, and heres the latest fact sheet.

According to data from Glassnode, the total number of Ether (ETH) locked in Ethereums ETH 2.0 hit an ATH. The total value in the ETH 2.0 deposit contract touched an ATH of 12,789,829 ETH. That equates to more than 10.73% of the circulating supply and is worth roughly $23.2 billion at todays prices.

Another important attribute relating to the in-transit Merge is the gas fee. The current PoW network sees a few shortcomings with the worst of them all being high gas fees. ETH 2.0 would lower the networks carbon footprint as well as the gas fee (This shift is meant to hugely drop transaction fees by killing off all the parallel chains feeding off the crumbs).

Furthermore, the total gas used by the network hit a 10-month low of 3,903,190,662.429.

While, yes, this indeed would come off as a positive development across the board, there might be a twist in the tale. One reason remains the sustained decline in DeFi usage. The total value locked in DeFi smart contracts went down to $56 billion from $98.4 billion in February 2022.

According to DeFi Llama, the DeFi dominance of the ETH blockchain is waning. Another reason could be the decline in NFT sales.

Mainly because users moved transactions to other blockchains with cheaper fees.

Now, ETH did bleed profusely in 2022 Theres no denying that. But at press time, ETH had witnessed a fresh 5% surge as it traded above the $1.8k-mark. Indeed, aiming for the next stop $2k. But, the given surge could also be a result of altcoins dependence on the largest crypto- BTC. The king coin saw a 5% surge, hence elevating the mood of the entire market.

In fact, at press time, Ether balances on crypto-exchanges globally had also increased by 550,459 ETH since May $950 million worth of inflows into the exchanges hot wallets.

Could this be the sole reason for ETHs price correction? Well, maybe or maybe not. A short correction could be in play, but one needs to focus on the long run as well.

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ETH 2.0 is coming and $950M worth of inflows suggest.... - AMBCrypto News

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