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Last Years Top Crypto Market Performers Are Lagging Behind Altcoins in 2020 – newsBTC

Last years most successful investments in the crypto market are strangely lagging behind the years top-performing altcoins thus far.

Is this a sign of things to come, or are oversold assets simply correcting more powerfully than assets that have had less overall drawdown?

2019 was the year of the exchange token, led primarily by the native cryptocurrency token of the leading crypto exchange by trading volume, Binance.

Binance Coin has among the most utility in the crypto market, offering holders of the asset discounts on trading fees, access to voting privileges, and the ability to buy into new altcoin projects via initial exchange offerings.

Related Reading | Exchange-Related Tokens Dominate Crypto ROI Last Year

IEO coins like Matic, BitTorrent Token, and others, went on to be some of the most hyped altcoins of 2019.

IEOs, however, have since been demonized, being called unregulated crypto-casino fundraising mutations by a former SEC chief, causing them to lose much of the luster they had throughout 2019.

The success of Binance Coin has prompted other crypto platforms to launch native utility tokens of their own.

The year closed out with Bitfinexs UNUS SED LEO and Huobis token leading the charge as some of the top-performing altcoins of the year last year.

But this year, exchange tokens have been underperforming collectively.

Bitcoin was also a top performer during 2019, rising in dominance substantially and cannibalizing the altcoins space in its wake.

Come 2020, though, despite Bitcoin rising as much as 30% since the start of the year, it has been underperforming other assets like Ethereum, Litecoin, EOS, and many others in the top ten cryptocurrencies by market cap.

Bitcoin and exchange tokens may have crushed altcoins in 2019, but in 2020, it appears that the altcoin market is prepared to make up for lost ground, and will leave Bitcoin and exchange tokens in their dust.

The increased performance is likely due to just how oversold and illiquid altcoin markets are currently after two full years of a bear market and drawdown.

Altcoins have fallen by as much as 99% in value, so very little buy power can send altcoin prices flying.

Still, many alts remain relatively stagnant, including XRP and Stellar. XRP has underperformed the rest of the crypto market top 10, and Stellars performance surely hasnt lived up to the altcoins namesake.

Related Reading | Ravencoin, HoloChain, and Binance IEO Altcoins Expected To Skyrocket Next Bull Run

The early rise in altcoins could lead to a full-blown alt season where altcoins vastly outperform Bitcoin for a period of time, resulting in massive rallies not only in USD value but BTC value as well.

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Watch Out Bears: These Altcoins Are on The Cusp of an Insane Rally – newsBTC

Bitcoins firm 2020 uptrend has allowed major altcoins to incur some much-needed momentum, with many major cryptos currently pushing up against key multi-year resistance levels that have been suppressing their price action for years.

This positive price action over the past month may be enough to break the firm bear market that altcoins have been caught within and lead some major cryptocurrencies like Litecoin and others to see some massive momentum.

Most major cryptocurrencies have been closely tracking Bitcoins price action over the past several days and weeks, which means that they have largely seen decent sized gains over the past 24 to 48 hours.

Currently, Ethereum is trading up just over 1% at its current price of $176, which marks a notable climb from recent lows of $170. Litecoin has also posted some slight gains today, climbing 1% to $60.

Over a multi-day period, most altcoins have incurred significantly larger gains than what is reflected in their 24-hour price action, as the bulk of yesterdays uptrend occurred over 24-hours ago.

This momentum may extend significantly further, however, as analysts are now noting that major altcoins like Litecoin are on the cusp of a notable breakout, with LTC potentially climbing from its current price of 0.006 BTC to 0.008 BTC.

Smokey a popular cryptocurrency analyst on Twitter spoke about this possibility in a recent tweet, saying:

LTC | BTC | Daily TF: Planning on longing LTC if it breaks out and retests .006890. Decent upside from there to nearly .008.

Litecoin isnt the only major altcoins currently poised for a major breakout.

Bob Loukas another well-respected crypto analyst explained in a tweet that although it is still too early to say for certain, it does appear that the altcoin markets are on the brink of breaking their multi-year downtrend against their Bitcoin trading pairs.

Relative to #Bitcoin, the Alts have been in almost 2 year bear market since early 2018, soon after the Bitcoin/USD bubble top. Early Days yet to call, but seeing some signs of possible end in bear market for Alts, he explained while referencing the charts of multiple notable altcoins like Litecoin, EOS, and Ethereum Classic.

How the markets trend in the coming several weeks should provide deep insight into how they will trade throughout the rest of 2020.

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Why The Cardano Price Raise Can Be Attributed To Mere Speculation? – The Coin Republic

Cardano, the decentralized public blockchain and cryptocurrency project launched by Binance Futures, is creating headlines yet again. The Altcoin Cardano, referred to as ADA, has shown significant positive progress in the very first month of the new year.

According to its results for January, the crypto project has seen a massive jump in its price by around 47%. It has soared from $0.033 at the beginning of the year to the current price of $0.057(as of February 2nd).

The cryptocurrencys market capitalization is now at an impressive $1.495 billion. It has been of the many coins that witnessed an affirmative market push in the new year.

To understand this phenomenon, one must look at the chart, which represents the movement of the coin since the beginning of 2020.

The below table shows that not only has Cardanos strengthened trend has been dominating the market for the second month in a row. What is also significant to note is that ADA made it to Top 10 cryptocurrencies last week, according to CoinMarketCap.

The Altcoins value continues to rise, but transaction activity in the Cardano network is still very week. Software Developer Joshua Hensley discovered this trend. He examined data and concluded that the miners of the network have been mining mostly empty blocks.

In a best-case scenario, Hensley stated that only one or two transactions are part of a block. The only exception to this seen in blocks with ten transactions that appeared periodically.

This leads to miners mining a large number of blocks with a record low number of operations. The latest data revealed that only 3057 transactions recorded in the 4320 blocks that mined, thus suggesting that the actual use of the coin is very less.

Charles Hoskinson, the Cardano founder, recently boasted in an event about the altcoin teams partnership with the giant PwC. It then predicted that the company and its users would shift to the Cardano blockchain for their operations.

However, this has not exactly materialized. Therefore, the real application of the network is continually deficient. Thus, the price rise can be attributed to ordinary speculation

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Crypto Update: Ethereum Breaks Long-Term Trendline With Bulls Still In Control – Hacked

The bullish short-term trend continues in the cryptocurrency segment, and this weekend, another batch of altcoins registered long-term breakouts. Most importantly, ETH managed to move above its long-term trendline and a crucial resistance zone, and with that, the altcoin rally could get another major boost. Even though the coming days will still be crucial, as a sharp reversal is still possible the bullish developments are hard to ignore.

Our trend model is now overwhelmingly bullish on both time-frames, thanks to this weekends upgrades, and while bulls still shouldnt let their guard down, the odds a major reversal are increasing. XRP remains the only clear laggard among the top coins, but it coul also be in for a surge higher, should the segment-wide trends continue.

BTC/USD, 4-Hour Chart Analysis

BTC has been lagging the broader market in recent days, and it failed to hit a new short-term high this weekend, despite the strong altcoin rally. On a positive note, the coin cleared the overbought short-term momentum readings, and since the uptrend is clearly intact, the coin could soon resume the rally. A sharp reversal cant be ruled out here, but the long-term trend shift seems to have a solid foundation.

BTC is still on buy signals on both time-frames in our trend model, with support zones now found near $9,200, $8,600, and $8,400, and with resistance ahead near $10,000, and $11,300.

ETH/USD, 4-Hour Chart Analysis

ETH broke out above its declining long-term trendline the key long-term $180-$185 resistance zone, triggering a long-term buy signal in our trend model and solidifying the short-term trend as well, the coin still faces strong resistance near $200, but the bullish developments in its market are encouraging for the whole segment.

Our trend model is on buy signals on both time-frames, with major support zones found between $180 and $185, and near $160 and $145, and with resistance zones ahead near $200 and $230.

XRP/USD, 4-Hour Chart Analysis

XRP finally moved above its prior short-term swing high and the $0.2475 resistance level, but its still stuck below its long-term trendline, and relatively weak from a technical perspective. The coin is now close to a long-term buy signal as well, but traders and investors should still focus their attention to the relatively stronger coins.

XRP is still now a short-term buy signal and a long-term sell signal in our trend model, with support zones now found near $0.2475, $0.23, $0.21, and $0.20, and with resistance zones ahead near $0.26, and $0.28.

LTC/USD, 4-Hour Chart Analysis

LTC scored yet another marginal new high, testing the lower boundary of the strong resistance zone near $75, in the face of the overbought short-term momentum readings. The coin is still the undoubted leader of the rally, and its long-term trend change seems safe. LTC is likely to enter a pullback or at least a choppy consolidation, but the outlook for the coin improved significantly in the past couple of weeks.

LTC is on a neutral short-term signal in our trend model, while being on a long-term buy with support zones now found near and $64, $56, $51, and $44, and with resistance zones ahead between $72.50 and $75 and near $85.

Featured image from Shutterstock

Disclaimer: The analystowns cryptocurrencies. He holds investment positions in the coins, but doesnt engage in short-term or day-trading,nor does he hold short positions on any of the coins.

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Altcoin season or end of the game? – MENAFN.COM

(MENAFN - FxPro) The crypto market ends the first month of 2020 on a positive note. During January, the total capitalization of the cryptocurrency increased by $58 billion, or almost 30%. Bitcoin (BTC) showed a 25% growth or $1,900 for the month. Ethereum (ETH), the largest in terms of capitalization, grew by almost 30% or $40 during January. The first its fork Bitcoin Cash (BCH) added 79% or $170. Litecoin (LTC), the younger brother of Bitcoin, rose 36% or $16 over the same period. Ethereum Classic (ETC) took off at 140% or $7 per month. The prices of anonymous coins DASH and ZCash (ZEC) rose by 179% (+$78) and 124% (+$36), respectively.

The main achievement of the last day for Bitcoin was the ability to stay above $9K. As of Thursday morning, the benchmark cryptocurrency is hovering around $9,300. In addition to several events that are associated with the growth of Bitcoin (Chinese virus, geopolitics, overbought stock market), analysts believe that there are several bullish technical indicators, which worked just a few days ago. We are talking about Guppy (Multiple Moving Average), which last time switched from red to green on April 9, 2019, when the rally of the Bitcoin began, which led it to $ 14K. The second indicator is the Puell Multiple, which defines historically low and high points for mined bitcoins. At the moment, this indicator is closer to the lower boundary than to the upper one.

As for the altcoins, it may confirm the assumption from crypto-Twitter that during the last six months on the market, there was an accumulation phase of alternative cryptocurrencies on the historical bottom for most coins. We can draw some conclusions from the most altcoins melting down a month ago. First, the principle of buying assets, when there is no hope in the market - fully justified and continues to work. Secondly, the crypto market continues to live, sometimes refuting even the most stringent logical schemes. Thirdly, judging by the massive promotion in the crypto media of the idea of returning the altcoin season and returning faith in the prospects of the cryptomarket, the big players who bought back the "bottom" are now preparing to sell their assets to the public. That's why it's more than rosy in the media so far.

Many altcoins have shown impressive growth for the month. However, the disappointment for market participants was XRP, which, although it grew by 15% over the month, no one was impressed by it, moreover, given the past large-scale collapse in the coin value, the growth was only a few cents. Token holders blame Ripple's management for poor performance, which sold out its XRP all year long. Also, the weak progress on new partnerships with banks and businesses indicates that we can see new lows on XRP. Recently, Ripple's CEO Brad Garlinghouse hinted at a possible IPO, which also did not impress the market. So far, XRP is the third-largest cryptocurrency by capitalization, but the situation may change in the medium term if Ripple management does not act another way.

The FxPro Analyst Team

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Budget 2020: Govt bets on AI, data analytics and quantum computing – Livemint

Finance Minister Nirmala Sitharaman on Saturday announced an outlay of 8,000 crore over the next five years on national mission on quantum technologies, while emphasising on the importance of leveraging artificial intelligence, data analytics, and internet of things for digital governance.

Data centre parks will be set up in India with the help of private sector, she said. The budget also allocated 6,000 crore for Bharat Net and said 1 lakh gram panchayats will get fibre to home connections under Bharat Net scheme in one year.

Policy on private sector building data centre parks is an exciting opportunity for fintech companies. This is also in line with the governments policy on retaining critical data within the country," said Sanjay Khan, partner, Khaitan & Co.

Maninder Bharadwaj, partner, Deloitte India said the emphasis of government on data and digitisation is clearly highlighted in this budget. Building of data centers, collection of nutritional information from 10 crore households and focus on fiber optic networks are initiatives that will propel India towards a digital journey," he added.

Artificial intelligence and machine learning featured extensively in the ministers speech with proposal to use it in various existing and future projects such as the proposed national policy for statistics and the Ayushman Bharat scheme.

While the government had previously set up a national portal for AI research and development, in the latest announcement, the government has continued to offer its support for tech advancements. We appreciate the governments emphasis on promoting cutting-edge technologies in India," Atul Rai, co-founder & CEO of Staqu said in a statement.

Governments across the world have been laying emphasis on use of AI for digital governance. As per reports, US government intends to spend almost $1 billion in AI-related research and development in 2020.

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This Week’s Awesome Tech Stories From Around the Web (Through February 1) – Singularity Hub

COMPUTING

Alphabet Has a Second Secretive Quantum Computing TeamTom Simonite | Wired[Alphabets moonshot incubator Xs]small group of quantum researchers is not building its own quantum computing hardware. The groups leader is more interested in creating new algorithms and applications to run on quantum computers, and building software libraries that allow conventional coders to use the exotic machines.

Japan Is Building a Giant Gundam Robot That Can WalkEvan Ackerman | IEEE SpectrumGundam Factory Yokohama, which is a Gundam Factory in Yokohama, is constructing an 18-meter-tall, 25-ton Gundam robot. The plan is for the robot to be fully actuated using a combination of electric and hydraulic actuators, achieving Gundam-like movement with its 24 degrees of freedom.

How to Turn Garbage Into GrapheneCourtney Linder | Popular MechanicsThe new process, which is called flash graphene production, yields bulk quantities of graphene flakes. Not only does this technique produce far more graphene than traditional methods, but its also way cheaper and greener, upcycling food waste, plastic, and even coal into a valuable carbon allotrope used in various branches of material science.

Mammoth Biosciences Aims to Be Illumina for the Gene Editing GenerationJonathan Schieber | TechCrunchYou will need a full toolbox of CRISPR proteins, says [Trevor Martin, Mammoth Biosciences co-founder and chief executive]. That will allow you to interact with biology in the same way that we interact with software and computers. From first principles, companies will programmatically modify biology to cure a disease or decrease risk for a disease.'

Will You Still Need a College Education in 2040?Anisa Purbasari Horton | Fast Company[Six experts] shared the consensus that change is the only certainty. Workers, employers, and education providers alike need to be agile, flexible, and prepared to adapt as technology continues to disrupt industries and change what jobs will and will not be available. Heres what else they had to say.

This Is the Highest-Resolution Photo of the Sun Ever TakenNeel V. Patel | MIT Technology ReviewThe new image demonstrates the telescopes potential power. It shows off a surface thats divided up into discrete, Texas-size cells, like cracked sections in the desert soil. You can see plasma oozing off the surface, rising high into the solar atmosphere before sinking back into darker lanes. [Note: The referenced photo appears in this articles banner image.]

A History ofStar Treks Uneasy Relationship With AndroidsJames Whitbrook | io9Sci-fi has been fascinated with sentient synthetic life sinceits earliest days, butStar Trek, in particular, has had quite the tumultuous history with its own consideration of androids and their place in its far future. From classic interpretations of sinister bots to one of the franchises most beloved characters, heres everything you need to know aboutStar Treksandroids.

Technology Is AnthropologyJon Evans | TechCrunchIts hard enough getting an accurate answer of how a person would use a new technology when thats the only variable. When they live in a constantly shifting and evolving world of other new technologies, when the ones which take root and spread have a positive-feedback-loop effect on the culture and mindset toward new technologies, and when every one of your first 20 interactions with new tech changes your feelings about itits basically impossible.

Image Credit: NSO/AURA/NSF

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AI has great potential in transforming the world: Alphabet CEO Sundar Pichai – YourStory

In recent years, artificial intelligence (AI) has become the talk of the town. No forum seems to be complete without talking about how technology is going to impact the world.

In a conversation with Professor Klaus Schwab, Founder and Executive Chairman of World Economic Forum, Sundar Pichai, CEO of Google and Alphabet shared some valuable insights on the age of AI, the future of the open web, and technology's impact on society at the recently concluded WEF summit at Davos, Switzerland.

While several may argue that technology is negatively impacting the world by taking away jobs and comprising the safety and security of individuals, Pichai calls himself a technology optimist and believes that despite its disadvantages, AI has great potential in reforming the world from climate to healthcare.

Credit: World Economic Forum

Edited excerpt from the interview:

Professor Klaus Schwab (PKS) - Welcome Sundar Pichai. My first question is, you have called yourself a technology optimist, and we hear a lot of concerns about technologies. What makes you an optimist?

Sundar Pichai (SP) - What makes me a technology optimist?I think it's more about how I got introduced to technology. Growing up, I think, I had to wait for a long time before I got my hands on either a telephone or television when it came to our household. I discreetly remember how it changed our lives. TV allowed me access to world news, football, and cricket. So I always had this first-hand experience of how gaining access to technology changes people's lives.

Later on, I was inspired by the One Laptop per Child project, where the school was giving $100 laptops to children. They quite didn't get there. But I think it was a very inspiring goal and made a lot of progress in the industry. Later, we were able to make progress with Android. Each year, millions of people get access to computing for the first time. We do this with low-cost affordable Chromebooks. And seeing the difference it has made in people's lives, it gives me great hope for the path ahead. And more recently with AI, just in the last month, we have seen how it can help doctors better detect breast cancer with more accuracy.

We also launched a better rainfall prediction app. Over time, AI can play a role in climate change. So when you see these examples firsthand, I'm clear-eyed about the risks with technology. But the biggest risk with AI may be failing to work on it and make more progress with it because it can impact billions of people.

PKS - Can you explain what we can expect from quantum computing?

SP - Its an extraordinarily important milestone we achieved last year, something thats known in the field as quantum supremacy. It is when you can take quantum computers and they can do something which classical computers cannot. To me, nature at a fundamental level works in a quantum way. At a subatomic level, things can exist in many different states at the same time. Classical computers work in ones and zeros, so we know that's an imperfect way to simulate nature. Nature works differently. What's exciting about quantum computing and why we are so excited about the possibilities is it will allow us to understand the world more deeply. We can simulate nature better. So that means simulating molecular structures to discover better drugs, understanding the climate more deeply to predict weather patterns and tackle climate change, etc. We can design better batteries, nitrogen fixation the process by which we make the world's fertilisers, and accounts for two percent of carbon emissions. And the processes have not changed for a long time because it's very complicated.

Quantum computers will allow us the hope that we can make that process more efficient. So it's very profound. We've all been dealing in technology with the end of Moore's law. It's revolutionised in the past 40 years, but it's levelled off. So when I look at the future and say how do we drive improvements, quantum will be one of the tools in our arsenal by which we can keep something like Moore's Law continuing to evolve. The potential is huge and we'll have challenges. But in five to 10 years, quantum computing will break encryption as we know it today. But we can work around it. We need to do quantum encryption. There are challenges as always with any evolving technology. But I think the combination of AI and quantum will help us tackle some of the biggest problems we see.

PKS - And also to a certain extent, genetics. I think quantum computing and biology will have great potential positive or negative impacts.

SP - The positive one, as you're saying, rightly is to simulate molecules, protein folding, etc. It's very complex today. We cannot do it with classical computers. So with quantum computers, we can. But we have to be clear about all these powerful technologies. And this is why I think we need to be deliberate and regulate technologies like AI, and as a society, we need to engage in it.

PKS - And this leads me to the next question, actually because in an editorial in the Financial Times, which I read just before the annual meeting, you stated and I quote, Google's whole starts with recognising the need for a principle and regulated approach for applying artificial intelligence. What does it mean?

SP - You know, I've said this before that AI is one of the most profound things we are working on as humanity. It's more profound than fire, electricity, or any of the other bigger things we have worked on. It has tremendous positive sides to it. But it has real negative consequences. When you think about technologies like facial recognition, it can be used to benefit. It can be used to find missing people, but it can (also) be used for mass surveillance. And as democratic countries with a shared set of values, we need to build on those values and make sure when we approach AI we're doing it in a way that serves society. And that means making sure AI doesn't have a bias that we build and test it for safety. We make sure that there is a human agency that is ultimately accountable to people.

About 18 months ago, we published a set of principles under which we would develop as Google. But it's been very encouraging to see the European Commission has identified AI and sustainability as their top priorities. And the US put out a set of principles last week. And, be it the OECD or G20, they're all talking about this, which I think is very encouraging. And I think we need a common framework by which we approach AI.

PKS - How do you see Google in five years from now?

SP - We know we will do well, only if others do well along with us. That's how Google works today through search. We help users reach the information they want including businesses and businesses grow along with search. In the US, last year, we created $335 billion of economic opportunity. And that's true in every country around the world. We think with Alphabet, there's a real chance to take a long-term view and work on technology which can improve people's lives. But we won't do it alone. In many other bets, which we are working on where we can, we take outside investments. These companies are independent, so you can imagine we'll do it in partnerships with other companies. And Alphabet gives us the flexibility to have different structures for different areas in a way we need them to fix healthcare, and we can deeply partner with other companies. Today, we partner with the leading healthcare companies as we work on these efforts.

So we understand for Alphabet to do well, we inherently need to do it in a way that works with other companies, creating an ecosystem around it. This is why last year, just through our venture arm, we invested in over 100 companies. We are just investors in these companies, and they're going to be independent companies. We want them to thrive and succeed. And so, you know, that's the way we think about it. But I think it gives us a real chance to take a long-term view, be it self driving cars or AI.

PKS - So last question. You said you are an optimist. When you wake up at night and you cannot sleep anymore, what worries you at some time?

SP - You were pretty insightful. That is true. Yeah, I do wake up at night. What worries me at night? I think technology has a chance to transform society for the good, but we need to learn to harness it to work for society's good. But I do worry that we turn our backs on technology. And I worry that when people do that they get left behind too. And so to me, how do you do it inclusively? I was in Belgium and I went to MolenGeek, a startup incubator in Molenbeek. In that community, you see people who may not have gone to school, but when you give them access to digital skills, they're hungry for it. People want to learn technology and be a part of it. That's the desire you see around the world when we travel. When I go to emerging markets, it's a big source of opportunity. And so I think it's our duty and responsibility to drive this growth inclusively. And that keeps me up at night.

(Edited by Suman Singh)

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Budget 2020: New scheme to boost local manufacturing of mobiles, will iPhone get cheaper now? – India Today

In her Budget 2020 speech presented in the Parliament, union finance minister Nirmala Sitharaman proposed a government scheme that will boost the manufacturing of cell phones and electronic equipment in India. The announcement comes as an extension of the governments flagship 'Make in India programme that, FM says, will encompass major disruptions in the countrys tech domain. Mobile phone manufacturing is a crucial sector that needs robust regulations and provisions to attract more foreign players, which ultimately impacts over 800 million consumers.

Sitharaman said the details on the scheme will be announced soon. We can expect more waive-offs on the import duty that is currently levied on components such as smartphone and television displays. The unnamed scheme will also boost the production of electronic equipment and semiconductors that are integral for the assembly for consumer-end devices such as mobile phones, tablets, televisions, and more.

Currently, mobile phone manufacturers such as Samsung, Oppo, and Xiaomi have begun producing their smartphones locally, as opposed to mere device assembly earlier. Other players are following the move to escape the heavy taxes imposed on imported electronic items. Local manufacturing units also create more employment in the country something that is another major focus area of the central government. Not only the domestic manufacturing of mobile phones, but the government also wants the companies to aggressively venture into R&D within the country.

Nothing is certain right now, at least not until the government comes out with the proposed policy. But if Apple starts ramping up manufacturing of the iPhone in India, the device is bound to get cheaper. Other phones that are manufactured in India will also likely get cheaper but the impact, in relative terms, can be significant on the iPhone because the way Apple pegs the Dollar-Rupee rate. In Apple calculation this rate is often more than Rs 90.

Domestic manufacturing of mobile phones has also been fruitful for some companies, including Apple, in India. Contrary to its earlier position in Indian smartphone market, Apple now enjoys a share of 4 per cent, which is significantly higher, thanks to the local production of the companys hit mobile phone iPhone XR.

Wistron, the company that possesses the contract to manufacture the iPhone for Apple, opened its third facility in India in a bid to ramp up the production. Another Apple supplier Salcomp is taking over Nokias closed facility in Chennai to scale up manufacturing. The iPhone models such as iPhone 6S, iPhone XR are now made in India, however, most intricate parts are still imported.

Producing iPhone locally has led to frequent price drops on iPhone units ensuring affordability something that a major chunk of Indian customers has always demanded. iPhone XR is available for as low as Rs 42,990 in India, which is on par with the pricing of smartphones from companies such as OnePlus and Samsung.

Besides, Apple has been in talks with the government to open its retail stores in India to proliferate into the consumer segment that shops products offline. A recent report has claimed that Apple is ready to launch its online marketplace in India, in competition to its partner websites such as Flipkart and Amazon.

While the union budget dealt largely with weightier issues like health, education and defence, the finance minister in her speech also touched upon some topics that would be of interest to people who read tech news. One of these topics is quantum computing, a new emerging form of computing that a number of countries and companies are researching. The minister in her speech said that India will allocate Rs 8000 crore in the next five years in areas related to quantum computing research. For now quantum computing remains a research topic in labs across the world, although Google recently said that it has managed to create a quantum computer that can do real-world calculations. Challenges, however, remain and so far there is no commercial application of quantum computing.

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How to Simplify Resource Management in Higher Education with Azure Tags – EdTech Magazine: Focus on Higher Education

One way to organize resources in the Azure environment is to use tags, or name-value pairs, generally for resource management, automation and accounting. Tags, unlike resource groups, can label any resource within a subscription, and an effective tagging strategy makes resource administration much easier. To get the most out of tagging the Azure Portal, follow these four tips.

Each resource can have a maximum of 15 tags associated with it. Tag support in automation is only available for the Azure Resource Manager (ARM) model, not the classic deployment model. Tags arent hierarchical, so they cant be nested. Finally, certain tag prefixes are reserved, including Azure, Windows and Microsoft. Though tags can be up to 512 characters (128 characters for storage accounts), a better practice is to keep them focused and to the point.

Develop a naming strategy early on ideally, applying tags when resources are created. Automate the process using tools such as PowerShell, the Azure command-line interface or ARM templates. Ensure that a consistent naming scheme is adopted and applied to prevent obsolete and unused tags down the road. Reporting will also benefit from a proper naming scheme and allow for proper accounting of all resources.

MORE FROM EDTECH:To optimize cloud deployments, campuses need to close the skills gap.

A well-thought-out application taxonomy simplifies resource management. There are many ways of tagging resources; for example, by department, such as Human Resources or Payroll. Or, focus on technology type, grouping resources by function, such as Web Servers or Load Balancers. Another common scheme is to tag by environment, such as Production, Staging or Development.

Once established, a proper tagging structure can easily be used in automation to quickly apply settings and policies across resources. In cloud environments, managing resources is crucial to keeping costs down. By indicating a required review or an expiration date, tags help admins limit resources to only those that are needed. Tagging is an excellent way to monitor, control and manage an Azure environment.

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