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Cloud storage for photos and images: How to choose the best cloud for your work – Creative Bloq

Cloud storage offers a ton of benefits for creatives of all types, photographers especially. Whether you want to back up your images for protection, access them for editing across all your devices, or share them with clients and collaborators, cloud storage can help.

But how do you find the best cloud storage platform for your needs? There are a couple things to keep in mind when picking cloud storage for photos. In this guide, well cover everything you need to know.

Before we dive into the features that differentiate cloud storage platforms, its worth talking about cost. One of the main reasons that photographers are switching to the cloud is that its inexpensive, so finding a platform that provides good value for your money matters.

To start, its important to think about how much storage space you need. Some platforms offer cloud storage in increments of one terabyte or less, enabling you to add storage as you need. Others, such as iDrive, sell storage in blocks of five terabytes or more. While that could be cost-effective if you have oodles of images to store, its probably not the best choice for you if you only have, say, 500 GB of data to upload.

You might also be paying for cloud storage already, in which case its worth figuring out whether you need another cloud storage platform. For example, Adobe Creative Cloud comes with 100 GB of storage, while Amazon Photos offers free, unlimited RAW file storage for Prime members. Amazon Photos does lack some features that wed like to see, but its hard to turn down an offer of free cloud storage for photos if you already pay for Prime.

Once you look past cost, security is the number one thing that differentiates cloud storage platforms. Its easy to get deep in the weeds when talking about cloud storage security, but its an important topic to think about.

To start, we highly recommend opting for a cloud storage platform that stores your images redundantly. That means that when you upload photos to the cloud, theyre instantly backed up across multiple data centers. This way, even if one server fails or an entire data center is destroyed, your photos will still be safe and instantly accessible via another data center.

Another thing to think about is how your files are encrypted. Encryption scrambles your data so that even if your files are stolen, images cant be put back together without the unique encryption key that unscrambles your files.

Many cloud storage providers manage your encryption key for you. That means that all you need to do to access your files is to log into your cloud storage account. Another benefit to managed encryption is that your storage provider can help you get your files back into your account if you ever lose your password.

However, when your cloud storage provider manages your encryption password, your photos arent scrambled when theyre being uploaded to or downloaded from the cloud. As a result, hackers could potentially steal your images during transfer over the internet.

The alternative is to manage your own encryption key using whats known as end-to-end encryption. With this kind of system, you use your cloud providers desktop app to encrypt images on your computer before transferring them. So, even if they are stolen during transfer, the images cant be unscrambled without your encryption key.

The downside to end-to-end encryption is that since your encryption key only exists on your computer and not in the cloud, your cloud provider wont be able to help you recover your files if you ever lose it. You also cant share files from your cloud storage when using end-to-end encryption since the recipient wont be able to unscramble your files.

Not all cloud storage providers offer end-to-end encryption. Be sure to look for this security feature if youre more concerned about theft than file sharing. Keep in mind that you can always switch back to managed encryption, even if your cloud provider offers end-to-end encryption as an option.

Seamless collaboration is another incentive for photographers to store their images in the cloud. This is an area where cloud providers can differ, so you want to make sure that the platform you choose has the file-sharing tools you need.

One thing to look for when comparing providers is what type of permissions control they offer for shared files. For example, it might be helpful to have a sharing option that offers access to view a photo, but not to download it. You might also want to have download links that expire or that offer a limited number of downloads.

Some of the platforms with the best cloud storage for photos offer features specifically for dealing with Raw filesthe large, uncompressed, and unprocessed image files produced by many DSLR and mirrorless cameras. The ability to manage Raw files is a huge plus for photographers, since you can preview and edit Raw files in the cloud without downloading these often large and unwieldy files onto your devices.

Adobe Creative Cloud is a cloud platform with Raw-friendly features. It integrates with Adobes web-based Lightroom and Photoshop Elements apps, so you can edit images in the cloud on any device (check for a Adobe Creative Cloud discount here)

But Adobe isnt the only cloud provider that offers useful features for handling Raw photos. Zoolz BigMIND offers Raw image previews and imports Raw file metadata to help you search and organise your cloud space. Dropbox also supports most Raw file types, and you can preview these images in its web or mobile apps.

Its easy to take for granted that a cloud storage platform will enable you to sync your photos across devices. But this isnt always the case, and some cloud storage services limit the number of devices you can connect to your account for syncing. If you typically work across many devices, such as your computer and your smartphone or both home and work computers, make sure that your cloud storage platform will seamlessly sync files across all of them.

You should also look for cloud storage platforms that offer block-level sync. With block-level sync, only the bits of data that are changed when you edit a photo or another file are re-uploaded to the cloud and synced across devices. That saves a ton of bandwidth, especially if youre editing high-resolution image files.

Cloud storage offers a number of advantages for photographers. To get the most out of your move to the cloud, its important to find the best cloud storage platform for your images. Cost is a major consideration, but dont ignore factors like security, file sharing, features for viewing and editing Raw image files and syncing. All of these features play an important role in determining the safety of your photos in the cloud and how easily youll be able to access them when you need them.

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OVHcloud Teams with IBM and Atempo for Cloud Storage – insideHPC

Roubaix, France January 19, 2021 To meet European enterprise and public institution security, sovereignty and resilience needs for the preservation of sensitive data, OVHcloud is collaborating with IBM and Atempo to develop a Storage-as-a-Service offering. This solution will be based on IBM Enterprise Tape technology and an Atempo software stack hosted and operated by OVHcloud in new data centers in the French territory.

With the exponential growth of data produced by the Cloud, data storage optimization has become essential, both because of costs and compliance risks. As organizations look for ways to store, manage and leverage value for this ever-increasing amount of data, Tape will play a strategic role in addressing storage infrastructure challenges.

Tape solutions offer the lowest cost per terabyte of storage available today; the technology provides the security, scalability and durability to safely store critical inactive and cold data over the long term. When stored properly, data on tape today will still be legible in 30 years time. Storing data on tape costs pennies per terabyte and, when not in use, requires zero energy consumption, unlike hard disks and flash drives.

OVHcloud will launch a cloud storage offering aimed at both public and private European organizations, which will guarantee total security and resilience for the long-term preservation of their sensitive data. This long-term storage solution is based on the IBM Enterprise 3592 Tape technology and orchestrated by Atempos technology platform, Miria. Also OVHcloud will innovate through the addition of erasure coding 9+3 technology for data protection, allowing smart replication and split of user data.

To address data localization concerns of European organisations, the solution will be hosted and operated by OVHcloud in four new dedicated facilities, all located in France and each separated by several hundred kilometers. Security is a key priority for OVHcloud, who recently obtained the ANSSI Security Visa for the SecNumCloud which qualifies its Hosted Private Cloud solution and demonstrates the highest level of IT security, in line with recommendations from the French National Agency for Information System Security, for hosting sensitive and strategic data.

The combined expertise of IBM, Atempo and OVHcloud will provide users with a unique solution that meets the regulatory requirements for data conservation, will be S3 compatible and feature ultra-competitive and predictable pricing for an unmatched price/performance ratio.

We are very pleased that the convergence of IBM, Atempo and OVHcloud expertise results in a reliable and sovereign data preservation solution declares Sylvain Rouri, Chief Sales Officer at OVHcloud. Public and private organizations will benefit from a unified and highly secure storage experience with our high-performance solutions built in a trusted cloud.

We are honored to be selected as the core Tape technology provider by OVHcloud for their cloud storage offering, says Mike Doran, Worldwide Sales Director at IBM. This is another proof point of the enduring value that IBM Enterprise Tape provides to organizations as they look to cost effectively and securely store ever growing amounts of critical data.

There is a deep yearning of professional organizations for a trusted cloud. At Atempo, we are excited to join forces with IBM, and OVHcloud as we pave the way for a new era, a new digital deal, which goes far beyond the borders of the European Union, concludes Luc dUrso, CEO of the Atempo.Wooxo Group.

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Cloud Storage Software Market to witness an impressive growth during the foreca – Business-newsupdate.com

This report is an essential reference for who looks for detailed information on Global Cloud Storage Software market 2020 To 2025. The report covers data on global markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as global major vendors information. In addition to the data part, the report also provides overview of Cloud Storage Software market, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics.

The business intelligence report on Cloud Storage Software market delivers a comprehensive study of critical aspects such as the major driving forces, challenges, and opportunities which govern the industry dynamics. The data derived through industry experts and multiple sources also includes revenue forecasts, market valuations, and statistics which illustrate the growth trends and competitive landscape across the various geographies. In addition, the study incorporates the impact of Covid-19 to help businesses effectively navigate through the changing landscape.

Key pointers from the Covid-19 impact assessment:

Request Sample Copy of this Report @ http://business-newsupdate.com/request-sample/6950

A gist of the regional landscape:

Other important inclusions in the Cloud Storage Software market report:

The product terrain of the Cloud Storage Software market is categorized into Private Cloud,Public Cloud andHybrid Cloud

The application scope of the concerned products is classified into BFSI,Government & Education,Healthcare,Telecom & IT,Retail,Manufacturing,Media & Entertainment andOthers

The competitive arena of the Cloud Storage Software market is ruled by companies like Microsoft,Rackspace Hosting,Amazon Web Services,VMware,CA Technologies,Huawei Technologies,Dell EMC,Hitachi Data Systems,HPE,IBM,Google,Oracle,Netapp andRed Hat

Key Highlights of the Table of Contents:

Cloud Storage Software market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global Cloud Storage Software market and study objectives. Additionally, it touches the segmentation study provided in the report based on the type of product and applications.

Cloud Storage Software market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

Cloud Storage Software market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.

Cloud Storage Software market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.

Frequently Asked Questions:

What are the key factors driving Cloud Storage Software market expansion?

What will be the value of Cloud Storage Software market during 2020- 2025?

Which region will make notable contributions towards global Cloud Storage Software market revenue?

What are the key players leveraging Cloud Storage Software market growth?

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OVHcloud Teams with IBM and Atempo on Storage-as-a-Service Offering – HPCwire

Jan. 21, 2021 To meet European enterprise and public institution security, sovereignty and resilience needs for the preservation of sensitive data, OVHcloud is collaborating with IBM and Atempo to develop a Storage-as-a-Service offering. This solution will be based on IBM Enterprise Tape technology and an Atempo software stack hosted and operated by OVHcloud in new data centers in the French territory.

With the ever-exponential growth of data produced by the Cloud, data storage optimization has become essential, both because of costs and compliance risks. As organizations look for ways to store, manage and leverage value for this ever-increasing amount of data, Tape will play a strategic role in addressing storage infrastructure challenges.

Tape solutions offer the lowest cost per terabyte of storage available today; the technology provides the security, scalability and durability to safely store critical inactive and cold data over the long term. When stored properly, data on Tape today will still be legible in 30 years time. Put simply, storing data on Tape costs mere pennies per terabyte and when not in use, requires zero energy consumption unlike hard disks and flash drives.

Tape meets Hybrid Cloud for a scalable, secure and affordable data strategy

OVHcloud will launch a cloud storage offering aimed at both public and private European organizations, which will guarantee total security and resilience for the long-term preservation of their sensitive data. This long-term storage solution will leverage the IBM Enterprise 3592 Tape technology and will be orchestrated by Atempos technology platform, Miria. Also, OVHcloud will innovate through the in-between addition of erasure coding 9+3 technology for data protection, allowing smart replication and split of user data.

To address data localization concerns of European organisations, the solution will be hosted and operated by OVHcloud in four new dedicated facilities, all located in France and each separated by several hundred kilometers. Security is a key priority for OVHcloud, who recently obtained the ANSSI Security Visa for the SecNumCloud which qualifies its Hosted Private Cloud solution and demonstrates the highest level of IT security, in line with recommendations from the French National Agency for Information System Security, for hosting sensitive and strategic data.

The combined expertise ofIBM, Atempo and OVHcloud will provide users with a unique solution that meets the regulatory requirements for data conservation, will be S3 compatible and feature ultra-competitive and predictable pricing for an unmatched price/performance ratio.

We are very pleased that the convergence of IBM, Atempo and OVHcloud expertise results in a reliable and sovereign data preservation solution, declares Sylvain Rouri, Chief Sales Officer at OVHcloud. Public and private organizations will benefit from a unified and highly secure storage experience with our high-performance solutions built in a trusted cloud.

We are honored to be selected as the core Tape technology provider by OVHcloud for their cloud storage offering, says Mike Doran, Worldwide Sales Director at IBM. This is another proof point of the enduring value that IBM Enterprise Tape provides to organizations as they look to cost effectively and securely store ever growing amounts of critical data.

There is a deep yearning of professional organizations for a cloud of trust. At Atempo, we are excited to join forces with IBM, and OVHcloud as we pave the way for a new era, a new digital deal, which goes far beyond the borders of the European Union, concludes Luc dUrso, CEO of the Atempo.Wooxo Group.

About OVHcloud

OVHcloud is a global player and the leading European cloud provider operating 400,000 servers within its own 31 data centres across 4 continents. For 20 years, the Group has been leveraging an integrated model that provides full control of our value chain, from designing our servers to managing our data centres through to orchestrating our fibre-optic network. This unique approach enables OVHcloud to cover, independently, the full spectrum of use cases for our 1.6 million customers across 140 countries. OVHcloud now offers customers latest-generation solutions that combine high performance, predictable pricing and full data sovereignty to support their unfettered growth.

About IBM

For more information about IBM storage:http://www.ibm.com/it-infrastructure/storage/

About Atempo

Atempo is a leading independent European-based software vendor with an established global presence providing solutions to protect, store, move and recover all mission-critical data sets for thousands of companies worldwide. With over 25 years experience in data protection, Atempo offers a complete range of proven solutions for physical and virtual servers backup, workstations, and migration between different storages of very large data volumes. Atempos three flagship solutions, Lina, Miria and Tina are labeled As used by French Armed Forces and France Cybersecurity.

Selected to join the French Tech 120, a government program designed to nurture 25 unicorns by 2025, Atempo is headquartered in Paris and is present in Europe, the US and Asia with a partner network in excess of 100 partners, integrators and managed service providers.

For more information:www.atempo.com.

Source: OVHcloud

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Global Media and Entertainment Digital Storage Report 2020: Focus on Content Acquisition, Editing, Archiving and Digital Preservation, Broadcast,…

DUBLIN, Jan. 22, 2021 /PRNewswire/ -- The "2020 Digital Storage for Media and Entertainment Report" report has been added to ResearchAndMarkets.com's offering.

Capacity and performance trends as well as media projections are made for each of the various market segments. Industry storage capacity and revenue projections include direct-attached storage, cloud(including object storage), real-time as well as near-line network storage.

Data storage is a key element in the digital transformation of content creation, editing, distribution and reception. Data capacity and communication speed increases, changing form factors, lowered product prices and the growing familiarity with digital editing, digital intermediates and various forms of digital distribution are key components in the continued growth and development of entertainment.

Key Points

The report analyzes requirements and trends in worldwide data storage for:

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/fw37l6

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets Laura Wood, Senior Manager [emailprotected]

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

http://www.researchandmarkets.com

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The best outdoor home security cameras of 2021 – CNET

The best outdoor security camerashave to tackle wind, snow and all sorts of other weather changesand still perform optimally. We've tested a lot of weather-resistant models to arrive at this short list of favorites for keeping an eye on everything outside.

The $500 Arlo Pro 3 (two-camera pack, plus hub) is an excellent security camera. It has 2,560x2,560-pixel streaming, color night vision, 12x zoom, a built-in siren and a built-in spotlight. Out of the box, you get motion and sound alerts and access to the live feed.

Otherwise you do need to pay an optional monthly fee, starting at $3 a month for the Arlo Smart subscription service. Arlo Smart adds a bunch of additional features, including detection zones and advanced notifications (people, animal, vehicle and package). The $10 price tier adds in E911, a feature that lets you contact local law enforcement from the Arlo app, no matter where you are.

The Arlo Pro 3 isn't cheap, but it's an excellent home security camera if you have the money to spend. Read our Arlo Pro 3 review.

Wyze makes a variety of solid, affordable smart home devices -- and the $26 Wyze Cam (2020) is no exception.

In addition to standard features, which include HD live streaming and motion detection alerts, this affordable camera comes with free two-week event-based cloud storage and a built-in microSD card slot for local storage. It has a customizable motion-detection zone, updated two-way audio and night vision and an improved field of view over the last-gen Wyze Cam. Read our Wyze Cam review.

The $150 Arlo Video Doorbell performs well as a security camera, has a long list of features and competitive cloud storage fees, starting at $3 per month. The optional cloud storage subscription gives you access to advanced person, animal, vehicle and package alerts.

This smart buzzer is easy to install, too, and features two-way audio, motion detection zones, arm/disarm modes and a built-in siren. Read more about the Arlo Video Doorbell.

We've tested too many outdoor security cameras to list here, so be sure to check out my gallery below for an overview of all the models. It's worth noting that whatever Wi-Fi security camera you end up buying will only be as good as your home's network connection. If the connection is spotty, you might see pixelation in the feed, lag times and other related issues, socheck your Wi-Fi speedbefore you start drilling holes in your walls.

Now playing: Watch this: Wyze's awesome outdoor security camera is only $50

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More businesses willing to place trust in cloud since start of pandemic – ITProPortal

A new report from cloud storage provider pCloud shows just how important cloud solutions have been during the pandemic.

Polling 1,500 businesses in the UK, France and Germany, pCloud found that two thirds have more trust in the ability of cloud to keep their business running than before the pandemic.

Further, 69 percent expect home working to be the default this year, while almost three quarters (72 percent) reviewed the collaboration tools they put in place, as they grew more important during the pandemic.

Tunio Zafer, CEO at pCloud, said: The Covid-19 pandemic accelerated adoption of collaboration tools such as cloud storage and file sharing. Simply put, they became necessary to keep millions of businesses moving. While vaccines bring hope for a return to normality this year, it is clear that the way businesses operate will be fundamentally changed.

The Covid-19 pandemic has accelerated the need to digitally transform, as most consumers are conducting their business online. Cloud computing sits at the very center of digital transformation, but the lack of a skilled workforce and issues surrounding data protection kept many organizations side-lined.

The intent of European lawmakers to bring in new regulation for tech giants goes to show how important data protection is. More than four in five (82 percent) of those surveyed said the EUs plans to further regulate US tech firms have made them more inclined to choose a European company to store their files, while three quarters welcome these stricter regulations.

All of this comes down to an issue of control. Cloud storage is about keeping precious memories safe and about keeping businesses moving but too often control lies in the wrong place, commented Zafer.

People should rightly expect that they can set the terms for how and where their files are stored. Unfortunately, there are too many cases where tech companies misuse thepower they have earned to harvest data for commercial purposes. It is clear that consumers no longer want this heavy-handed approach.

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Kyligence Launches Cloud-Native Edition Of Its Big Data Platform – CRN

Big data analytics software developer Kyligence this week unveiled Kyligence Cloud 4, the first cloud-native release of the companys AI-enhanced analytics platform that can deliver sub-second response time against petabytes of data.

The company is the latest of a number of database and data analytics companies to offer their software through the cloud. Kyligence Cloud 4 is available on the Amazon Web Services and Microsoft Azure platforms.

The whole point is sub-second interactive queries against very large datasets. Its about performance for analytics in the cloud, said George Demarest, Kyligence head of marketing, speaking of the companys new software in an interview with CRN.

[Related: 10 Hot Big Data Companies You Should Watch In 2021]

The Kyligence system is based on Apache Kylin, an open-source, distributed analytics engine for performing multi-dimensional analysis on huge datasets. The original Kylin technology was developed by the founders of Kyligence (Kylin plus intelligence) who founded the company to provide a commercial version of the technology with added capabilities and services.

Kyligence, with headquarters in San Jose, Calif., and Shanghai, China, was launched in 2016. The company has raised $48 million in funding.

A key selling point of the Kyligence system is its OLAP functionality that pre-aggregates data in multi-dimensional indexes or cubes, greatly speeding up queries and analysis of data. The system can handle datasets in cloud-based data warehouses and data lakes with hundreds of terabytes and even multiple petabytes of data.

While Kyligence is competing with cloud data warehouse service providers such as Snowflake and AWS, customers are also using the companys software in conjunction with those platforms to pre-aggregate data to cut down on billable computation time with those vendors, said Li Kang, head of Kyligence, North America, in the CRN interview.

The more you run those queries, the more money you save, Li said.

Earlier versions of Kyligence were closely tied to the Hadoop big data platform. But Demarest said later editions, culminating with the Cloud 4 release, have reduced that dependence as Hadoop has become less popular for big data tasks.

The new Kyligence Cloud 4 offers the elasticity that comes with a cloud-native architecture and the separate scaling of compute and storage functions, Li said. It also allows Kyligence to take advantage of cloud clusters and cloud object storage systems.

New in the Cloud 4 release is an AI-augmented engine that uses machine learning algorithms and auto-indexing, leveraging query history and previous user behavior to continually improve performance.

The release also offers data modeling automation to reduce data preparation time for data science and data analysis workloads. Demarest said the new capabilities can reduce data preparation from days or weeks to hours or even minutes.

A new unified semantic service in Cloud 4 creates a single, consolidated view across data sources that can be easily accessed by SQL business analysis tools like Tableau, Excel or custom-built SQL applications. (Kyligence provides its own lightweight data analysis tool for accessing data in the Kyligence system.)

And new Smart Pushdown functionality provides intelligence query routing to improve query performance, even for ad hoc or detailed queries, and eliminates the need to move data for data discovery and exploration.

Kyligence sells both direct and through channel resellers and works with systems integrators (including global systems integrator Cognizant) and other implementation partners. Technology partners include cloud and data management platform vendors and business analysis tool and application developers.

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Bitcoin briefly tumbles below $30,000, falling 12% so far this week – CNBC

Bitcoin prices fell sharply amid the global sell-off in equities.

Luke MacGregor | Bloomberg | Getty Images

Bitcoin briefly tumbled below $30,000 on Thursday, as the cryptocurrency continued a slide from record levels.

The digital currency dropped as much as 17% to $29,246.77, wiping out about $100 billion from the market, according to data from CoinDesk. It's since pared losses slightly Friday, climbing back above $30,000 after trading beneath that level for over an hour.

Bitcoin was last trading down around 3% at a price of $31,668. It's fallen more than 12% so far this week, and is now down roughly 25% since peaking at $41,940 earlier this month.

The latest plunge, which comes without any clear reason, underscores the volatility of a currency that's become a popular investment for day traders in recent years even as it still has limited real-world application. Bitcoin rose over 300% in 2020, closing the year just above $29,000.

Ether, the digital currency that's second to bitcoin in total value, dropped even more on Thursday, declining 22% to $1,053.80. It's since recouped some of its losses, off 3% at a price of $1,204, but still 16% below its high from earlier this week, according to CoinDesk. Ether rose 471% last year.

President Joe Biden picked Gary Gensler, the former chairman of the Commodity Futures Trading Commission and an ex-Goldman Sachs banker, to be the next chair of the Securities and Exchange Commission. Gensler taught about cryptocurrencies at the Massachusetts Institute of Technology, starting in 2018.

However, Biden's choice of Treasury Secretary, formerFederal ReserveChair Janet Yellen, is a crypto skeptic who warned earlier this week that the government may need to "curtail" the use of virtual currencies to prevent illicit activity.

- CNBC's Ryan Browne contributed to this report.

WATCH: Crypto market sheds $100B as investors await Biden's regulatory approach

Nominations are open for the 2021 CNBC Disruptor 50, a list of private start-ups using breakthrough technology to become the next generation of great public companies. Submit by Friday, Feb. 12, at 3 pm EST.

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Ether, the world’s second-biggest cryptocurrency, is closing in on an all-time high – CNBC

Jaap Arriens | NurPhoto | Getty Images

Ether is closing in on an all-time high. The cryptocurrency, one of many alternatives to bitcoin, rallied as much as 17% on Tuesday to an intraday high of $1,439, according to data from industry site CoinDesk.

That's just shy of the $1,448 record ether hit in early 2018, when major cryptocurrencies led by bitcoin climbed to new heights before slumping sharply later in the year. Ether, the world's second-biggest cryptocurrency by market value, has almost doubled year to date.

Bitcoin has been in the spotlight for several months now, thanks to a blistering rally that saw it notch fresh highs. The cryptocurrency shot up close to $42,000 a couple weeks ago, but has declined since and was last trading at $36,980.

It's still up almost 30% so far this year, and has surged more than 800% from its 2020 low in March. Bitcoin bulls say its rise has been helped by increased institutional buying and the perception that it is an uncorrelated safe haven asset akin to gold.

On the other hand, skeptics in the traditional financial world like economist Nouriel Roubini and strategist David Rosenberg view it as a speculative bubble.

Bitcoin was the original cryptocurrency, created in 2009 as a peer-to-peer payment system that doesn't require a central authority to maintain. Alternative digital coins that were created after bitcoin, like ether and XRP, are known as "altcoins."

Ethereum, the network that underpins ether, is touted by its proponents as potential infrastructure for a decentralized internet. That's because developers can build applications on Ethereum, known as "decentralized apps."

The Ethereum blockchain a digital ledger of transactions in the cryptocurrency began a major upgrade late last year called Ethereum 2.0. Ether investors say it will make the network faster and more secure.

"The Ethereum technology has undergone a tremendous amount of development since reaching it's 2017 high," Nicholas Pelecanos, head of trading at crypto firm NEM, told CNBC. "At that time, the new capital investment in the space was largely speculative and for functionalities that were still in development."

"Now, a lot of these functionalities exist and more cutting edge functionalities are to be released, yet the speculative interest in Ethereum is still quite low. This raises the question that now Ethereum is crossing its all time high, what price will it reach in this current bull cycle? I believe that number is a lot higher than the current price."

Detractors have complained of sky-high transaction fees on Ethereum. The average transaction cost for ether surged to a record high of $16.53 on Jan. 11, according to data from BitInfoCharts, triple the peak average transaction fee in 2018.

By comparison, bitcoin transaction fees are rising but are nowhere near a late-2017 peak. They climbed as high as $17.09 on Jan. 12, which is still down 69% from an all-time high of $55.16 on Dec. 22, 2017.

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