Page 3,476«..1020..3,4753,4763,4773,478..3,4903,500..»

Chess Prodigy Hopes Pandemic Won’t Get In Way Of Goal – CBS New York

Governors Island, High Line Reopen This WeekA few popular New York City summer spots are about to reopen.

Baseball Coach Launches Massive High School Tournament In New JerseyA massive high school baseball tournament is underway in New Jersey. It was the brainchild of St. Joe's Metuchen baseball coach Mike Murray; CBS2's Otis Livingston reports.

Black Woman On Long Island Says White Neighbors Have Been Harassing Her, Including Leaving Dead Squirrels In Her YardA nurse and single mother says she's afraid to live in her own home and has spelled out her fears right on her front door. Now, community members are rallying around her; CBS2's Carolyn Gusoff reports.

West Point Cadet Training Begins With New Safety MeasuresNew safety measures are in place at West Point Military Academy as hundreds of cadet candidates begin training.

International Students Won't Be Forced To Leave U.S.The Trump administration has dropped plans to force international students to leave the U.S. if their colleges or universities switch to online classes this fall.

Ruth Bader Ginsburg Hospitalized With Possible InfectionSupreme Court Justice Ruth Bader Ginsburg, 87, is in the hospital receiving treatment for a possible infection.

Small Plane Crashes In Somerset County, NJA small plane crashed in Somerset County, New Jersey, on Tuesday.

NJ Pizza Shop Closes For Cleaning After 3 Employees Test Positive For CoronavirusA popular pizza shop in Ocean City, New Jersey, has shut down for cleaning after three employees tested positive for the coronavirus.

Bio-Tech Company Moderna To Begin Final Phase Of COVID-19 Vaccine TestingThe bio-tech company Moderna will begin the final phase of testing its COVID-19 vaccine on July 27.

Dozens March In Brooklyn To Call For End To Gun ViolencePeople living in one Brooklyn community are saying enough is enough of the troubling increase in shootings this summer. Dozens marched Tuesday, hoping to send a clear message; CBS2's Aundrea Cline-Thomas reports.

Man, Teen Killed In Queens ShootingA man and a teenager died in a shooting in the Rockaways on Tuesday; CBS2's Lisa Rozner reports.

Dismembered Body Found In Lower East Side ApartmentA dismembered body was found inside a Houston Street apartment on the Lower East Side on Tuesday.

Max Minute: Can Children Spread The Coronavirus?As the coronavirus pandemic continues, so does the question can children spread the virus? A new study takes a new look. CBS2's Dr. Max Gomez reports.

New York Weather: CBS2 7/14 Evening Forecast at 5PMCBS2's Lonnie Quinn has your weather forecast for July 14 at 5 p.m.

Ghislaine Maxwell Pleads Not Guilty To Charges Related To Jeffrey Epstein InvestigationJeffrey Epstein's former girlfriend, Ghislaine Maxwell, cried as she was denied bail. She's accused of recruiting girls for Epstein to sexually abuse; CBS2's Alice Gainer reports.

Long Island Sees Alarming Rate Of COVID-19 Infection Among Younger PeopleOn Long Island, there's an alarming rate of COVID-19 infection among younger people.

More States Added To Coronavirus Hot Spot Quarantine List As Enforcement Begins At NY AirportsThe tri-state area is adding more states to its coronavirus hot spot quarantine list, and there's also new enforcement at New York airports; CBS2's Natalie Duddridge reports.

Mayor De Blasio Says He's Sticking To His Plan To End Gun Violence In NYCThe eruption in gun violence in New York City is bringing more calls for it to stop and different ideas on how to make the city safer. As CBS2 political reporter Marcia Kramer reports, Mayor de Blasio says he's sticking to his plan.

Video Shows Suspects In Deadly Shooting Of 1-Year-Old Boy In BrooklynThe NYPD has released surveillance video in connection with the deadly shooting of a 1-year-old boy in Brooklyn.

One Person Killed, One Wounded In Far Rockaway ShootingPolice say one person died in a double shooting that happened in a New York City neighborhood seeing one of the largest spikes in shootings; CBS2's Lisa Rozner reports.

New York Weather: Break In HumidityCBS2's Elise Finch has the latest weather forecast.

Chess Prodigy Hopes Pandemic Won't Get In Way Of GoalA 9-year-old chess prodigy hope the pandemic doesn't derail his dream of becoming the world's youngest grand master. CBS News' Vladimir Duthiers shares his family's story of remarkable perseverance.

New Images Of BLM Vandalism SuspectPolice have released new images of a man wanted for vandalizing the Black Lives Matter mural in front of Trump Tower.

NY Begins Screening Travelers From High-COVID StatesEnforcement begins today a New York airports to screen travelers from states with high coronavirus infection rates. CBS2's Natalie Duddridge has the details.

Read more:
Chess Prodigy Hopes Pandemic Won't Get In Way Of Goal - CBS New York

Read More..

As Bitcoin Struggles, This Minor Cryptocurrency Has Soared 1,000% In Just Over 12 Months – Forbes

Bitcoin and cryptocurrencies have seen a surge in popularity in recent months due to unprecedented economic stimulus measures, with some smaller cryptocurrencies seeing massive gains.

The bitcoin price, after quickly rebounding from a coronavirus-induced crash in March, has been treading water at just under $10,000 per bitcoin since May and has been on a slight downward trend over the last year.

However, other cryptocurrencies have soared, including chainlink's link tokennow up a staggering 1,000% on May last year.

The bitcoin price has struggled over the last year, even as some smaller cryptocurrencies have made ... [+] massive gains.

Chainlink, an ethereum-powered cryptocurrency that trades under the name link, has been boosted by a surge of interest in decentralized finance (DeFi)the idea that blockchain entrepreneurs can use bitcoin and crypto technology to recreate traditional financial instruments such as loans and insurance.

The chainlink price this week hit an all-time high of $6.49 per link token, according to data from bitcoin and crypto exchange Coinbase, adding 60% over the last month and taking it to touching distance of the top ten most valuable cryptocurrencies. Chainlink, designed to bridge payment services and blockchains such as bitcoin and ethereum, was created in 2015 and offered its link tokens to investors in a 2017 initial coin offering (ICO) at $0.11 per token, raising $32 million.

"We're seeing this spike as the chainlink network is getting scaled usage powering DeFi, connecting on-chain DeFi smart contracts to off-chain data feeds like commodities and crypto price data," Vance Spencer, co-founder of chainlink investor Framework Ventures, said via email.

"Firms outside of crypto are also starting to realize the power of enterprise smart contracts powered by robust oracle networks and the decision of the Chinese government to integrate chainlink oracles into their national blockchain services network is a legitimately huge deal."

Chinas Blockchain Service Network was launched on July 5 by Chinas State Information Center, China Mobile, China Unionpay, and Red Date Technologies with the aim of making blockchain development easier and uses chainlink's "oracles" to transfer data from blockchains to real-world data or a non-blockchain databases.

"Chainlinks adoption has created incredible community momentum," Spencer said, pointing to the likes of technology and banking giants Google, SWIFT, and Oracle creating partnerships and pilot programs with chainlink.

"The link rally is being driven by a multitude of factors, the most important of which is its sheer potential to unlock all the promise that smart contract platforms have so far failed to deliver on," Spencer said, adding chainlink's technology could mean "were essentially witnessing the 'Uberization' of data," referring to ride-hailing app Uber's disruption of the traditional taxi market.

"Holders of the link token will eventually have the ability to participate in the crowdsourcing process, and will earn money for doing so. For a certain class of investors, the right to provide data for smart contracts is a potentially incredible opportunity to develop steady passive income streams based on the data economy."

As the link price has climbed over recent months, other bitcoin and cryptocurrency investors have bought in, somewhat driven by fear of missing out.

"Very real possibility that chainlink will be bigger than bitcoin one day," crypto analyst Timothy Peterson of Cane Island Alternative Advisors said via Twitter this week. "The applications are enormous. I moved all my excess dollars out of Chase and into link."

The chainlink price has risen 60% over the last month, hitting a fresh all-time high and pushing it ... [+] toward the top ten most valuable cryptocurrencies. The bitcoin price has lost 2% over the same period.

Vance is confident the link price will continue to climb and has predicted link, currently worth a total of $2.2 billion, will eventually eclipse ethereum's $26 billion market capitalization.

"We believe that the winner of the smart contract platform war will eventually be worth several factors greater than ethereums current market cap," Vance said.

"If that is the case, then it is only natural that the security layer of that winner, chainlink, will also grow significantly in value. We also expect interest in chainlink to further increase once staking is introduced, as people will scramble to essentially buy the right to become a data provider for the smart contract universe."

Some other cryptocurrencies that use so-called proof-of-stake instead of bitcoin's proof-of-work model have seen their price rocket in recent months.

Tezos, which styles itself as a "self-amending cryptographic ledger" and uses the proof-of-stake consensus model, has seen the price of its XTZ token double since the beginning of 2020.

Tezos holders, if their funds are stored in certain wallets, can "stake" their XTZ and receive additional tokens as a reward for creating and verifying new blocks in the chain.

Continue reading here:
As Bitcoin Struggles, This Minor Cryptocurrency Has Soared 1,000% In Just Over 12 Months - Forbes

Read More..

Chainlink (LINK) Becomes the Tesla of Cryptocurrency Whats Next? – Cointelegraph

As Bitcoin's (BTC) price continues to trade in a tightening range, the altcoin market has been pushing higher each week, and the most recent surge has come from Chainlink (LINK).

After breaking above the $5 level, LINK's price surged nearly 100% in a matter of days and ended by making a new all-time high at $8.40. Through this massive push, LINK surpassed EOSand Crypto.com (CRO) to claim a spot among the top ten cryptocurrencies listed on CoinMarketCap.

Investors are now curious to see if Tezos (XTZ) will continue to follow LINK, and there are expectations that other altcoins will also follow LINKs upward trajectory.

Crypto market daily performance. Source: Coin360

LINK has proven to be one of the strongest movers in the cryptocurrency markets of recent years. This was proved once again as the cryptocurrency broke above the previous all-time high of $5 and surged with 85% toward$8.50.

LINK/USDT one-day chart. Source: TradingView

In a previous article, a target of $7.00$7.25 was established using the Fibonacci extension tool. However, LINK overshot that target by a mile.

As the chart shows, the rally might be temporarily over, as sellers are stepping in, but this will only be confirmed if the daily candle closes as shown on the chart above. Currently, the candle shows a giant wick on the upside, indicating that theres more sell than buy pressure.

Aside from the candle, such a giant move is due for a corrective move, so it is good to review the levels to watch for potential support.

LINK/USDT one-day chart. Source: TradingView

The 1-day chart is showing clear support levels. One of them is found between $6 and $6.50. The previous resistance at $6.57 can be confirmed as support, which would suit a renewed test of the $8.50 resistance level.

However, a clearer signal would be a corrective move towardthe $5 level, as that used to be a significant resistance zone before the massive breakout occurred.

LINK/USDT four-hour chart. Source: TradingView

The four-hour chart shows a bright support/resistance flip of the $5.70 level, which caused continuation and the price to accelerate toward$8.50.

The most likely scenario is a test of the previous high for support;in this case, the $6.50$6.60 level. A potential wick towardthe $6.20 level is an area to watch for.

If this zone holds, a renewed test of the highs at $8.50 is likely to occur. If the $6.50 level is lost, further downward pressure is likely to occur on the markets with a potential retest of the $5 level.

LINK/BTC one-day chart. Source: TradingView

The LINK/BTC pair shows a massive breakout as well. The resistance zone at 0.00055000 sats was tested several times before the breakout occurred.

This price action is actually quite similar to the resistance zone of Bitcoin that is encountering at $10,000 to $10,500. As the saying goes, the more often a resistance gets tested, the weaker it becomes.

In the case of Bitcoin, the resistance zone at $10,000 to $10,500 has been a tough area to surmount for a year already, and for LINK, the 0.00055000 sats barrier has been a resistance zone for seven months.

As the breakthrough of the resistance zone occurred, massive acceleration took place, but the chart is showing signs of overextension on the upside. For this reason, a corrective motion is likely to occur.

In that case, the potential levels of interest should be the previous resistance at 0.00055000 sats and the area between 0.000650000.00066500 sats.

XTZ/USDT one-day chart. Source: TradingView

Once Chainlink moves, Tezos tends to follow. However, in the previous months, Tezos has been lagging heavily, but the price finally made a strong move over the weekend.

XTZ/USDT has been showing strength in the previous days and currently faces the final hurdle before a new all-time high.

The pair secured support at the $2.40 level before continuation and acceleration toward$3 occurred. The next step to watch for is a test of the $2.70$2.77 level for support.

If that level sustains support, its likely that XTZ/USDT will break through the $3 barrier and test the all-time high.

The $3 resistance area has been tested three times now, and its possible that another test of the resistance zone will see the price finally push through it.

If XTZ/USDT breaks above $3, its assumed well start accelerating and get a similar move to Chainlink. And that similar move means a new all-time high.

XTZ/BTC one-day chart. Source: TradingView

The XTZ/BTC pair is also showing strength, as it recently broke above the 100-day MA. This is also the case with the XTZ/USDT pair. If the previous resistance area at 0.000029000.00002950 sats continues to hold for support, a support/resistance flip will be achieved.

Once this support/resistance flip is confirmed, continuation to the upside is likely to occur, and traders will set their targets around the all-time high zone around 0.000037000.00003800 sats.

If Tezos manages to break through the all-time high levels, the sky's the limit and savvy traders can look to the Fibonacci extensions in order to determine new targets.

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

See the original post here:
Chainlink (LINK) Becomes the Tesla of Cryptocurrency Whats Next? - Cointelegraph

Read More..

Brave New Coin Signs Multi-Year Deal To Power Cryptocurrency Options Trading On Toronto Futures – Scoop.co.nz

Wednesday, 15 July 2020, 7:45 amPress Release: Brave New Coin

Digital asset trading, research and data company BraveNew Coin (https://bravenewcoin.com/)today announced a multi-year partnership with TorontoFutures Options Swaps Exchange or tFOSE,a new Canadian-based derivatives exchange and clearinghousecurrently seeking regulatory approval in Canada. Throughthis partnership, Brave New Coin will design, calculate andadminister a suite of cryptocurrency indices to powercash-settled options trading on tFOSE.

Canada has notyet made significant progress in bringinginstitutional-grade cryptocurrency products to the market.Brave New Coins indices will enable tFOSEs clientsboth in Canada and globally to trade crypto derivatives on afully-regulated Canadian exchange. This allows traders todiversify their portfolios and exposure, hedge risk, andaccess an emerging asset class without having to directlyhold the underlying cryptocurrency as they are cash-settledproducts.

After extensive research and duediligence, tFOSE selected Brave New Coin for its deepexpertise in generating insightful crypto market data andindices, said James Beattie, President and CEO at tFOSE.Brave New Coin meets all of our needs, taking a uniqueapproach to index design, methodology, and governance thatwill help tFOSe meet the specific, exacting needs of bothour retail and institutionalinvestors.

The crypto ecosystem ismaturing and demand for regulated investment products frominstitutional markets is growing, said Fran Strajnar, CEOand Founder of Brave New Coin. Our partnership with tFOSEfurthers our role as a leader in market data, indices, andbenchmarking for crypto assets. Weve dedicated ourcompany to building products that bring institutional-gradeservices to this emerging assetclass.

Brave New Coin provides dataand index solutions for several partners including NASDAQ,Amazon Alexa, BTSE.com, TPICAP and Dow Jones Factiva. Whenyou ask Amazons Alexa for the price of anycryptocurrency, her answer comes from Brave New Coinsdata engine. Its partnership with tFOSE will see BNCproviding unique, specialized indices to tFOSE.

BNCand tFOSE are already in the process of designing,developing, and testing the indices. The indices will beavailable for production in Q3 2020, beginning with thetFOSE BNC Litecoin Index. Cryptocurrency cash-settledoptions trading is expected to launch on tFOSE in 2021,subject to regulatoryapproval.

Scoop Media

Become a member Find out more

Originally posted here:
Brave New Coin Signs Multi-Year Deal To Power Cryptocurrency Options Trading On Toronto Futures - Scoop.co.nz

Read More..

Akon sets out vision for his cryptocurrency and Akon City – Decrypt

Grammy Award-nominated singer Akon outlined several potential use-cases for his upcoming cryptocurrency known as Akoin, in a talk at the Binance 'Off the Charts' virtual conference. Joined by Hollywood film producer and Akoin co-founder Jon Karas, the two discussed the current state of the Akoin project.

Akon made sweeping statements that the cryptocurrency will empower Africans and break down some of the major hurdles they face in their everyday lives such as inflation, government mismanagement of funds, and corruption.

Because many African fiat currencies suffer from rampant inflation, including the West African CFA franc used in eight African countries, he explained, it is very difficult to exchange these into other currencies. When he travelled to his home country of Senegal, he found that he was unable to exchange CFAs to Euroswhich in combination with advice from Blockchain Capital founder Brock Pierceled Akon to create his own coin.

To make it easier to exchange the tokens, they will have an internal conversion mechanism, which will allow holders to convert in and out of other cryptocurrencies, fiat currencies, and prepaid cell minuteswhich are exchanged as currency by many Africans. The Akoin wallet app will also allow users to "learn, earn, spend, and save."

Moderating the chat, Binance CEO Changpeng Zhao asked Akon whether Akoin would be accepted for his concert tickets, to which Akon replied: The concert is one of the biggest utilization tools, not only for myself but all the others on my label. [...] The whole idea is to be able to utilize crypto for everything that we're doing.

Akoin is currently expected to launch via an initial coin offering (IEO) on crypto exchange Bitfinex. Ten percent of the total supply, 45 million coins, will be sold at a rate of $0.15 each.

Technical specifications for the cryptocurrency haven't yet been released, but it will likely be based on the Stellar blockchain. Likewise, the exact launch date for the cryptocurrency is still up in the air, but the month of July was recently touted as the potential launch date.

Akon also revealed new details about his upcoming Akon City project, elaborating on plans to turn the city into a healthcare hub.

According to Akon and Karas, Akon City is being built around a 5,000-bed state of the art hospital and has a medical ship nearby. The medical facilities in the city will be run by leading doctors and like everything else in the city, can be paid for using Akoin.

Akon also hinted that both the medical staff and general inhabitants of the city will also be paid in the cryptocurrency.

"There is potential for medical tourism over time," Karas added.

To assist with bringing this vision to fruition, Akon was gifted a 2,000-acre parcel of land just outside of the Senegal capital of Dakar by the current president of the country, Macky Sall. Construction of the project began in March 2019 and could take up to 10 years to completeassuming cryptocurrency will survive that long.

View post:
Akon sets out vision for his cryptocurrency and Akon City - Decrypt

Read More..

Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance – Jewish Life News

Get Sample Copy of This Report @https://www.quincemarketinsights.com/request-sample-58594?utm_source=JL&utm_medium=Santosh

According to the report, the availability of the decentralized system and the absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period.

Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in todays economic world. Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies.

Growth in the number of digital transactions and the availability of a much-secured transaction through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people to invest in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of the global cryptocurrency market.

Make An Inquiry For Purchasing This Report @https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-58594?utm_source=JL&utm_medium=Santosh

Some of the key Impact Factors:o Secured transaction facilitieso Availability of decentralized system and absence of fees on transactionso Unavailability of Government regulations

Insights about the regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market.For cryptocurrency market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on the cryptocurrency market.

North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of cryptocurrency market. Also, most of the leading companies have headquarters in these regions.

Speak To Analyst Before Buying This Premium Report:https://www.quincemarketinsights.com/request-toc-58594?utm_source=JL&utm_medium=Santosh

The Asia Pacific is estimated to be one of the fastest-growing markets for cryptocurrency market. Major countries in the Asia Pacific region are China, Japan, South Korea, India, and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of cryptocurrency market. The Middle East and rest of the World are estimated to be emerging regions for cryptocurrency market.

By Application:RemittanceTradingE-commerceRetailPaymentOthers

By Process:TransactionMining

By Offering:HardwareGPUASICFPGAWalletSoftwareOthers

By Region:North AmericaBy Country (US, Canada, Mexico)By ApplicationBy ProcessBy Offering

Western EuropeBy Country (Germany, UK, France, Italy, Spain, Rest of Europe)By ApplicationBy ProcessBy Offering

Eastern EuropeBy Country (Russia, Turkey, Rest of Eastern Europe)By ApplicationBy ProcessBy Offering

Asia PacificBy Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)By ApplicationBy ProcessBy Offering

Middle EastBy Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)By ApplicationBy ProcessBy Offering

Rest of the WorldBy Region (South America, Africa)By ApplicationBy ProcessBy Offering

Companies:Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance

Reasons to buy this report:Market size estimation of the cryptocurrency market on a regional and global basisThe unique research design for market size estimation and forecastsProfiling of the major companies operating in the market with key developmentsBroad scope to cover all the possible segments helping every stakeholder in the market

Customization:We provide customization of the study to meet the specific requirements:By segmentBy sub-segmentBy region/ country

Contact:Quince Market InsightsAjay D. (Knowledge Partner)Office No- A109Pune, Maharashtra 411028Phone: +91 706 672 4848 +1 208 405 2835 / +44 121 364 6144 /Email:[emailprotected]Web:www.quincemarketinsights.com

ABOUT US:QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the worlds most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

Here is the original post:
Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance - Jewish Life News

Read More..

Bank of England eyes groundbreaking new currency as key part of Britains future – Express

Digital currency is money only available in vital or electronic forms. The news the BOE are looking into digital currency comes as the UK is set to suffer its worst recession ever after the coronavirus pandemic. In April this year, the UKs GDP shrank by an astonishing 20.4 percent.

Mr Bailey announced the news to students in a Speakers for Schools webinar event on Monday.

He said: We are looking at the question of, should we create a Bank of England digital currency.

Well go on looking at it, as it does have huge implications on the nature of payments and society.

I think in a few years time, we will be heading toward some sort of digital currency.

READ MORE:Space travel is giving the future of cryptocurrency a boost for one surprising reason

In January the BOE announced it was a part of a group of major central banks weighing up developing digital currencies.

The joint research is aimed to "share experience as they assess the potential cases for central bank digital currency in their home jurisdictions".

The group includes global financial powerhouses such as the Bank of Canada, Bank of Japan, European Central Bank, Sveriges Riksbank of Sweden, Swiss National Bank and Bank for International Settlements.

The group are looking into Central Bank Digital Currencies as Facebook develops its own cryptocurrency, Libra.

China has also spent six years developing its own CBDC in DCEP, and the group of countries have stated their desire to compete.

In a statement, the BOE said: The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.

DON'T MISS:

SpaceX set for first self-landing attempt after delivering US military satellite [REPORT]

State pension: Is the Triple Lock being scrapped? [REPORT]

Elon Musk confirms space firm is working on floating spaceports [INSIGHT]

Cryptocurrency site Coin Telegraph suggests that the UK may have an edge on European countries in developing CBDC after Brexit.

They said: The country does not have to deal with EU bureaucracy, nor is it a part of the Eurozone.

These factors have allowed the nation to retain its own sovereign currency the British pound.

If the UK decides to develop a CBDC, it could provide the British pound with some advantage over major rival currencies like the US dollar and the euro.

Mr Bailey warned however that it may be some time before Britain sees digital currency.

In the webinar, he said: The digital currency issue will be a very big issue.

I hope it is, because that means COVID will be behind us.

See original here:
Bank of England eyes groundbreaking new currency as key part of Britains future - Express

Read More..

Charting the Massive Scale of the Digital Cloud – Visual Capitalist

No matter where in the world you log in fromSilicon Valley, London, and beyondCOVID-19 has triggered a mass exodus from traditional office life. Now that the lucky among us have settled into remote work, many are left wondering if this massive, inadvertent work-from-home experiment will change work for good.

In the following charts, we feature data from a comprehensive survey conducted by UK-based startup network Founders Forum, in which hundreds of founders and their teams revealed their experiences of remote work and their plans for a post-pandemic future.

While the future remains a blank page, its clear that hundreds of startups have no plans to hit backspace on remote work.

Based primarily in the UK, almost half of the survey participants were founders, and nearly a quarter were managers below the C-suite.

Prior to pandemic-related lockdowns, 94% of those surveyed had worked from an external office. Despite their brick-and-mortar setup, more than 90% were able to accomplish the majority of their work remotely.

Gen X and Millennials made up most of the survey contingent, with nearly 80% of respondents with ages between 26-50, and 40% in the 31-40 age bracket.

From improved work-life balance and productivity levels to reduced formal teamwork, these entrepreneurs flagged some bold truths about whats working and whats not.

If history has taught us anything, its that world events have the potential to cause permanent mass change, like 9/11s lasting impact on airport security.

Although most survey respondents had plans to be back in the office within six months, those startups are rethinking their remote work policies as a direct result of COVID-19.

How might that play out in a post-pandemic world?

Based on the startup responses, a realistic post-pandemic work scenario could involve 3 to 5 days of remote work a week, with a couple dedicated in-office days for the entire team.

Upwards of 92% of respondents said they wanted the option to work from home in some capacity.

Its important to stay open to learning and experimenting with new ways of working. The current pandemic has only accelerated this process.Well see the other side of this crisis, and Im confident it will be brighter.

Evgeny Shadchnev, CEO, Makers Academy

Working from home hasnt slowed down these startupsin fact, it may have improved overall productivity in many cases.

More than half of the respondents were more productive from home, and 55% also reported working longer hours.

Blurred lines, however, raised some concerns.

From chores and rowdy children to extended hours, working from home often makes it difficult to compartmentalize. As a result, employers and employees may have to draw firmer lines between work and home in their remote policies, especially in the long term.

Although the benefits appear to outweigh the concerns, these issues pose important questions about our increasingly remote future.

To uncover some work-from-home easter eggs (Better for exercise. MUCH more pleasant environment), we grouped nearly 400 open-ended questions according to sentiment and revealed some interesting patterns.

From serendipitous encounters and beers with colleagues to more formal teamwork, an overwhelming number of the respondents missed the camaraderie of team interactions.

It was clear startups did not miss the hours spent commuting every day. During the pandemic, those hours have been replaced by family time, work, or other activities like cooking healthy meals and working out.

Remote working has been great for getting us through lockdownbut truly creative work needs the magic of face to face interaction, not endless Zoom calls. Without the serendipity and chemistry of real-world encounters, the world will be a far less creative place.

Rohan Silva, CEO, Second Home

This pandemic has delivered a new normal thats simultaneously challenging and revealing. For now, it looks like a new way of working is being coded into our collective software.

What becomes of the beloved open-office plan in a pandemic-prepped world remains to be seen, but if these startups are any indication, work-life may have changed for good.

Thank you!

Given email address is already subscribed, thank you!

Please provide a valid email address.

Please complete the CAPTCHA.

Oops. Something went wrong. Please try again later.

See original here:
Charting the Massive Scale of the Digital Cloud - Visual Capitalist

Read More..

The Interaction Between Identity Cloud and Akamai Edge Services – Security Boulevard

Akamai Identity Cloud is a purpose-built customer identity and access management (CIAM) platform specifically architected to meet the needs of application owners and API providers consumer identity needs. As a cloud-based SaaS offering, all interactions with Identity Cloud occur over the public internet. And as an integrated part of the larger Akamai Intelligent Edge Platform, Identity Cloud transactions benefit from many of the same services that Akamai customers do namely, Ion for application acceleration and Kona Site Defender for web security and DDoS protection.

All request/response interactions with Identity Cloud, either front channel direct from the end user or via back-channel communication from application infrastructure, are accelerated by Ion and protected by Kona.

But theres a bit more to this story, because many Identity Cloud customers are also users of these same Akamai acceleration and security services. And through the magic of DNS CNAMEs, these Akamai customers are also able to apply their instances of Ion, Kona, and even Bot Manager and Client Reputationwith their settings and their rulesto their Identity Cloud web-based transactions.

The purpose of this post is to explain the various interactions across user, application, and Identity Cloud and where exactly, architecturally speaking, customer-managed Akamai services are invoked vs. where Akamai services that are solely managed by Identity Cloud engineers are invoked.

The following diagram helps to describe these distinctions

In the rest of this post, well be breaking down this diagram in more detail.

At a high level, this diagram represents the various possible elements of an Identity Cloud setup and the interaction points between those elements. Some elements always exist, while others may or may not exist.

And finally, lots of lines. These lines represent the various ways these components might interact with each other. Because were talking about the modern-day internet, all of these lines represent HTTPS request/response transactions: the back-and-forth conversation between clients and servers, all based on the HTTP protocol, all secured via TLS. Additionally, one of the defining characteristics of modern-day HTTP is the use of DNS names (A records and CNAMEs), which you see in the boxes that straddle the lines.

As well see shortly, these DNS names are one of the keys to understanding exactly when various elements of Akamai functionality are applied. To foreshadow, keep an eye out for customer-owned domains (e.g., http://www.customer.com, accounts.customer.com) vs. shared Akamai domains (e.g., janrain.com, janraincapture.com). This will give us a major hint as to where Identity Cloud customers can apply their own configurations settings to Identity Cloud transactions.

Now well break things down in more detail. Lets start with Identity Cloud itself.

The box on the right represents the entirety of Identity Cloud the storage and application components that allow our customers to collect, store, and access end-user profile data. This is a cloud-hosted, redundant, and highly available set of services.

Notice, however, that there is only one line going to this box! This is because, as a part of the Akamai family, Identity Cloud itself takes advantage of the same robust acceleration and security Akamai edge features as many of our customers doIon and Kona. To put it simply:

All requests and responses to and from Identity Cloud pass through the Akamai edge.

This allows us to apply acceleration and security controls to all requests destined for the infrastructure of Identity Cloud. Note: These performance and security controls are shared, and are based on configuration settings managed and monitored by a team of engineers at Akamai. These controls are designed to increase the overall performance of the platform (using Ion) and to protect the platform against a broad swath of web application vulnerabilities (using Kona).

Referring to the point made above about DNS names, notice that the requests to the Akamai edge are all to janrain.com and janraincapture.com hostnamesthis is how you know the Ion and Kona configurations are shared. It is important to understand that Identity Cloud customers do not have control over the settings applied at this point.

Next, well look at how Akamai customers can control performance and security controls using their own instances of Ion, Kona, and even Bot Manager and Client Reputation.

While Identity Cloud customers are unable to control the shared performance and security settings and controls that are applied to incoming Identity Cloud requests, those customers with existing Ion, Kona, Bot Manager, and/or Client Reputation entitlements are able to use those entitlements to control and protect certain Identity Cloud workflows.

Across the top of this diagram, we see the main places where requests to Identity Cloud originate. Youll notice that each of the three boxes across the top can generate these requests.

1) Directly from the user agent

In this case, an application such as a single-page browser app or a mobile app communicates directly with Identity Cloud hostnames (e.g., *.janrain.com) without benefit of proxying through the customers own Akamai instance. As such, these requests will only benefit from the shared level of acceleration and protection discussed previously.

2) Proxied through the Akamai edge

As most Akamai customers know, Akamai edge features are enabled by way of a DNS CNAME, which allows a customer to still use hostnames associated with their own domains, yet direct that traffic to Akamai edge proxy servers. This is fundamentally how products like Ion, Kona, and Bot Manager are injected into the path of web traffic, and Identity Cloud requests are no different.

In this case, however, the customers various edge configurations are set up to use Identity Cloud as its origin, after the customers acceleration and security controls are applied.

Lets look at a more concrete example.

An Akamai customer who also uses Kona, Ion, Bot Manager, and Client Reputation wishes to move its aging and homegrown customer identity functionality over to Identity Cloud. It wishes to use the modern OIDC standard and choose Identity Clouds Hosted Login model, which provides an authentication, registration, and profile management experience that is simple to use and robust right out of the box. It creates a new hostname

accounts.customer.com

which, like its other properties, is CNAMEd to the Akamai edge

accounts.customer.com. IN CNAME accounts.akamai.com.edgekey.net

Now, when it wants its application to invoke an authentication/registration experience, itll make a standard OIDC authorize call to this new hostname

https://accounts.customer.com/{{customer_id}}/login/authorize?client_id=xxx

...which now arrives at an Akamai server. However, because this request was made using the accounts.customer.com hostname, our customer is able to apply its own configuration settings to this Identity Cloud traffic. What might it do?

Once these controls are applied, the requests are then forwarded, or proxied, to the normal Identity Cloud hostname (e.g., v1.api.us.janrain.com), which has been configured as the proxys origin server.

Note that in terms of OIDC and OAuth flows, these are still front-channel requests theyre simply proxied through the customers Akamai edge instance before being sent to the IdP.

Also, if youre paying attention, you might notice that the above request to /authorize appears to be going through two different edge server instances: the customers instance, and then the shared instance. While this is true, in practical terms these will most likely either be the same physical Akamai edge server (i.e., a localhost request), or another server in the same region.

This means there will be very little impact from a performance perspective.

3) Back-channel or machine-to-machine requests generated from customer managed infrastructure

The final place in the architecture where well see Identity Cloud requests originate is from the customers own infrastructure. These API requests are often, though not always, kicked off by a user-driven event, and involve a direct request from the back-end infrastructure to Identity Cloud.

An example of a user-driven back-channel request is the code-for-token exchange that occurs during the OAuth/OIDC authorization code grant flow. But this could also include other administrative RESTful API calls, such any profile updates that may be executed in response to, for instance, a webhook.

Notice that these requests are to Akamai identity domains, and thus are protected only by the shared Ion and Kona configurations, not customer-specific setups. That said, from a security perspective this is generally less worrying. In the case of the code-for-token exchange, for example, the back-channel requests are preceded by a front-channel request as we saw in #2 above, so customer protections can be applied upstream, earlier in the flow.

Other back-end RESTful API calls that are generated server side will simply not present the same level of risk as a user-agent generated front-channel request.

As described above, Identity Cloud is an integral part of the Akamai platform, and utilizes some of the same acceleration and security features that many of our web and media delivery customers benefit from. Identity Cloud comes out of the box with enhanced performance and security that comes from the shared Ion and Kona configurations that are in place.

In addition, Identity Cloud customers that have entitlements to Ion, Kona, Bot Manager, and Client Reputation can also layer these products in front of their own Identity Cloud request flow and customize these to their own specific needs.

*** This is a Security Bloggers Network syndicated blog from The Akamai Blog authored by Michael Schmidt. Read the original post at: http://feedproxy.google.com/~r/TheAkamaiBlog/~3/__ljgGCvUtg/the-interaction-between-identity-cloud-and-akamai-edge-services.html

See more here:
The Interaction Between Identity Cloud and Akamai Edge Services - Security Boulevard

Read More..

CHR, Microsoft partner on cloud and visibility – JOC.com

C.H. Robinson and Microsoft are mutual customers of each other, with the technology company using the 3PL's managed transportation services for global visibility. Photo credit: Shutterstock.com.

C.H. Robinson has enlisted Microsoft to provide the cloud infrastructure for its technology platform Navisphere, and the third-party logistics provider (3PL) will also use Microsofts associated internet of things (IoT) services to target improved supply chain visibility for customers, the companies said Tuesday.

Moving to cloud server arrangements with the likes of Azure and its main competitor, Amazon Web Services (AWS), allows enterprises to lighten their load on system maintenance and scale up and down as usage dictates. Its also an opportunity to integrate associated solutions offered by Microsoft and Amazon that could benefit an enterprise directly or enable it to offer a capability to its customers.

As an example of the latter use, Minneapolis-based C.H. Robinson said it would use Azure IoT Central to provide its transportation management system (TMS) Navisphere to better track temperature, shock, tilt, humidity, light, and pressure in shipments across modes.

The pace of change were seeing in the supply chain industry today is unparalleled, Chris OBrien, chief commercial officer for C.H. Robinson, said in a statement. Being able to quickly scale and adapt our technology is what helps give our customers a competitive advantage. We gain more scalability, premier data security, and increased application speed, which benefit our customers and carriers around the world.

Landing North Americas largest freight brokerage is another feather in the supply chain cap for Microsofts Azure web services division, which supports a number of widely used logistics software providers such as Blue Yonder and Descartes and global logistics providers such as Maersk Line, Mediterranean Shipping Co., Hapag-Lloyd, DB Schenker, and Yusen Logistics.

Azure is also used by C.H. Robinson competitor J.B. Hunt, primarily to power its J.B. Hunt 360 digital freight marketplace.

C.H. Robinson and Microsoft have a long, symbiotic history, the two companies said in the statement. Microsoft assisted in the development of Navisphere, a technology at the core of C.H. Robinsons internal operations and the managed transportation services it offers to shippers through its TMS division. Meanwhile, Microsoft is also a customer of C.H. Robinson, using the 3PL for freight and inventory visibility and management globally.

Aside from C.H. Robinsons use of Microsoft Azure, it will also leverage Microsofts customer relationship management (CRM) platform Dynamics 365, while Microsoft will integrate C.H. Robinsons pricing, execution, and transportation management tools and make them available to other Dynamics 365 customers.

Microsoft Azure competes primarily with AWS to provide server and data storage infrastructure to enterprises, and both have distinct units focused on the transportation and logistics industry. It has been speculated that many software and logistics services providers catering to global shippers choose Azure in part to avoid AWS; providers operate under the presumption that working with AWS is problematic because of its affiliation with Amazon the e-commerce leviathan. In other words, a retailer or manufacturer that views Amazon as a competitor or threat won't want to entrust its systems to a company that uses AWS.

AWS representatives acknowledged to JOC.com the stigma of being associated with Amazon seen as a competitive threat to swathes of shippers and logistics providers remains, but said the firm is making progress in the transportation and logistics space, where it estimates a large proportion of companies have yet to migrate fully to cloud-based services.

Contact Eric Johnson at eric.johnson@ihsmarkit.com and follow him on Twitter: @LogTechEric.

See the article here:
CHR, Microsoft partner on cloud and visibility - JOC.com

Read More..