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PayPal Stock Could Surge 23% to $300 on Its Cryptocurrency Move, According to This Analyst – Motley Fool

PayPal (NASDAQ:PYPL) made headlines late last year when the company announced a move into cryptocurrency. One analyst believes that the full measure of that opportunity isn't yet baked into its price and could drive PayPal stock to a new all-time high.

BTIG analyst Mark Palmer upgraded the stock to buy from neutral (hold), saying it would gain traction from its nascent cryptocurrency platform, which could add more than $1 billion in revenue to PayPal's coffers by 2022.

Image source: Getty Images.

PayPal is using crypto brokerage Paxos to power its cryptocurrency transactions. The company "has seen its trading volumes rise impressively in recent weeks," according to Palmer. The analyst goes on to posit that "the vast majority" of the increase in trading volume is the result of transactions by PayPal customers.

Late last year, PayPal announced the launch of a service that would allow users to buy, sell, and hold cryptocurrency in their PayPal account. In addition, users could learn about digital currencies and track prices, all without ever leaving the app.

But that's just the beginning. PayPal will accept cryptocurrency as a payment method beginning this year and plans to extend its crypto service to Venmo users.

Tangential evidence suggests that Palmer is right on the money. Investors need look no further than Square (NYSE:SQ) to get a sense of the opportunity resulting from cryptocurrency transactions. In the third quarter, Square generated total net revenue of $3.03 billion, up 140% year over year, but excluding bitcoin revenue, net revenue was $1.4 billion, up just 25%. That suggests that crypto has effectively doubled Square's net revenue.

This highlights the massive potential resulting from PayPal's move. Additionally, its stock has doubled over the past year on the accelerating adoption of digital payments, so it isn't far-fetched to think PayPal could gain another 23% in the coming year.

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PayPal Stock Could Surge 23% to $300 on Its Cryptocurrency Move, According to This Analyst - Motley Fool

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Bitcoin: a cryptocurrency that isn’t – Verdict

Bitcoin is on everyones mind again, rising over fourfold in the last year by the time it reached its peak of $40,000. Its primary use has been a popular topic of discussion since it burst onto the scene. As the most well know cryptocurrency, bitcoin is often viewed as a medium of exchange, however, there is a strong argument that it is primarily a store of value. At the moment, investors are using it in the same way as they do with gold, namely, to hedge against inflation. This is likely to remain as it is fundamentally ill-equipped to function as a medium of exchange. Despite this, the speed and flexibility of transactions has driven a lot of innovation in the payments space. Read more about the underlying technology behind bitcoin in GlobalDatas upcoming Blockchain report.

Bitcoin was designed to mimic the natural scarcity of gold. The number of bitcoins generated per one block halves every 210,000 blocks or roughly every four years. By 2140, when we will hit 21 million bitcoins, the supply will be exhausted. More than 16 million bitcoins have been mined to date, meaning we have more than 75% of the entire supply of bitcoin already.

For bitcoin to succeed and to have the necessary network effects to become a viable alternative to fiat currencies, demand will have to increase significantly. It is likely that, provided bitcoin remains popular, its demand will consistently outgrow its supply. This is a massive hinderance as it means that bitcoin will be deflationary by nature. Demand would have to grow at a slow pace to match the growth of supply, and this slow uptake may destroy the very network effects that are necessary to foster a fiat currency.

The value of a fiat currency decreases over time as more is printed and it becomes less rare. A deflationary currency is inviable. It will mean that a bitcoin spent today would actually be worth more tomorrow. Therefore, users will be reluctant to spend bitcoin and would rather use a fiat currency to transact and keep bitcoin as a store of value. If the price never stopped rising, no one would ever want to get rid of their bitcoin unless they were pushed for liquidity. In this sense it shares similarities with gold, as Nakatomo intended, however gold is not a currency and rarely a medium of exchange. Also, a key difference is that gold retains some underlying physical value.

With no central bank to minimize systematic risk and to stabilise the exchange rate, it is unlikely that bitcoin will ever reach the volatility levels of fiat currencies. However, many of the key exchange-related advantages of bitcoins such as secured and instant payments, at low cost, are being adopted by other services. Bitcoin has helped to drive the surge in P2P transfer services, such as Venmo and Remitly, that offer lower fees and more convenience than older services such as WesternUnion.

Bitcoins deflationary nature means that its future will be as a store of value rather than as an alternative to fiat currencies. Despite this, it has inspired innovation in blockchain, the payments space, and even spurred countries to look into creating their own digital currencies such as Swedens E-Krona or Chinas Digital Yuan.

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Bitcoin: a cryptocurrency that isn't - Verdict

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BuyUcoin Cryptocurrency User Data Allegedly Affecting Lakhs of People Leaked on the Dark Web – Gadgets 360

Banking and KYC information of lakhs of users of BuyUcoin, which trades bitcoin and other cryptocurrencies, has allegedly been leaked on the dark web. The details included the names, email addresses, mobile numbers, order information, and deposit history of users, according to a security researcher. The data dump available on the dark Web also appears to have bank details including bank names and account numbers, as well as know-your-customer (KYC) information that includes PAN and passport numbers of the people using BuyUcoin platform. The company has however denied the leak and said the surfaced data dump was of some dummy accounts.

Cybersecurity researcher Rajshekhar Rajaharia told Gadgets 360 that he found the data dump on the dark Web earlier this week. It included the details of more than three lakh BuyUcoin users, he said. The Delhi-NCR-based company claims to have over 3.5 lakh users in total.

The researcher said BuyUcoin appeared to have faced a data breach in September last year that resulted in the latest leak on the dark Web. Alongside user details, the data dump included a folder with admin credentials that could be used to access the server, he noted.

Rajaharia stated that the dump was posted on the dark Web by Shiny Hunters, the hacker group that allegedly leaked the data of BigBasket and JusPay in the recent past.

The leaked data could be used by bad actors to run fraudulent attacks against individuals, the researcher said. He also added that the data could also enable hackers to understand the credit score of the victims using transaction details.

BuyUcoin CEO and Co-founder Shivam Thakral denied the leak. We would like to reiterate the fact that only dummy data of 200 entries was impacted which was immediately recovered and secured by our automated security systems, he told Gadgets 360 over email.

However this might not be correct, as a person whose data was revealed in the data dump came forward to Gadgets 360 and said that their bank and KYC details were revealed.

What if a bad actor would use any of the leaked user accounts in any illegal crypto activity? asked Rajaharia while countering the company's rejection of the data leak. Who will be responsible in such a case? Crypto data leak may become a very serious issue as the data could be used in illegal activities in many ways in such cases. It's the company's responsibility to inform affected users and protect data instead of making any false claims.

Thakral however denied the leak again, and responded by saying that it was just a hoax to defame the company.

These people who reached out to journalists are friends of hackers, they are just showing our email IDs are there, he said. This doesn't make sense to me. But a part of the data dump, as seen by Gadgets 360, contained these details for a huge number of users, so it appears to be a real dump, and hopefully the company is investigating the matter.

Update, 5PM, Jan 22: In a mailed statementBuyUcoin noted: This incident remains an ongoing investigation. We will keep all the stakeholders updated about the proceedings and conduct a major cybersecurity overhaul throughout 2021 to upgrade platform security. You can see the full statement below.

No bitcoins or any other cryptocurrencies appear to have been stolen in the leak. However, in the past, there have been instances of cryptocurrency exchanges and wallets getting hacked and bitcoins being stolen.

In April 2020, a hacker exploited a security flaw in Bisq bitcoin exchange and stole more than $250,000 (roughly Rs. 1.82 crores) worth of cryptocurrency from users. Binance, one of the leading cryptocurrency exchange platforms, also saw a data breach in May 2019 in which hackers were able to steal over $40 million (roughly Rs. 290 crores).

Regarding the recent media reports, we are thoroughly investigating each and every aspect of the report about the malicious and unlawful cybercrime activities by foreign entities in mid-2020. Every BuyUcoin user with active portfolio has 3 factor authentication enabled trading accounts. All our user's portfolio assets are safe within a secure and encrypted environment. 95% of user's funds are kept in cold storage which are inaccessible to any server breach.

BuyUcoin platform has following features to ensure that customer account remains safe and secure from any kind of cyberattack:

1. Strong password and account OTP verification.

2. Google 2 Factor Authentication (enabled from security section under customer's profile)

3. Trading Pin (Under the security section, customers can enable trading pin a six-digit code for transaction verification)

4. Also, as an extra security step, every transaction requires an OTP from customer's email.

However, this incident remains an ongoing investigation. We will keep all the stakeholders updated about the proceedings and conduct a major cybersecurity overhaul throughout 2021 to upgrade platform security. BuyUcoin stands in solidarity with other companies who have faced such unlawful cyber-attacks recently. There is an urgent need to revise the current cybersecurity policy to counter such attacks. BuyUcoin is more than willing to work with industry peers and other relevant stakeholders to protect the financial technology ecosystem.

What will be the most exciting tech launch of 2021? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

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BuyUcoin Cryptocurrency User Data Allegedly Affecting Lakhs of People Leaked on the Dark Web - Gadgets 360

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7 SPACs To Play The Rise Of Bitcoin, Cryptocurrency Stocks – Benzinga

The rise in the value of Bitcoin and media coverage of cryptocurrencies could make the industry ripe for startups going public in 2021. One of the methods for cryptocurrency companies to go public could be through a special purpose acquisition company.

Coinbase is considering a 2021 initial public offering, but could also be a candidate for a SPAC deal. Here is a look at some SPACs that could target cryptocurrency companies or have already announced a deal in the space.

GS Acquisition Holdings II (NYSE: GSAH): The Goldman Sachs (NYSE: GS) SPAC raised more than$700 million in its offering. The company has been linked to eToro after the cryptocurrency exchange talked to Goldman about a potential IPO. Goldman is also said to beexploring entering the cryptocurrency market soon, which could mean it pursues partial ownership of a cryptocurrency-related company via this SPAC.

Related Link: 10 SPACs Trading Under $11 For Investors To Consider In 2021

Burgundy Technology Acquisition Corp(NASDAQ: BTAQ): Led by the former CEO of Hewlett Packard and SAP SE (NYSE: SAP), Burgundy Technology Acquisitionis targeting technology or enterprise software. The company has mentioned Israel as an area of focus, which could make eToro a potential target company for this SPAC.

Lefteris Acquisition Corp (NASDAQ: LFTR): Targeting the fintech space, Lefteris Acquisitioncould merge with a cryptocurrency-focused company. The management team includes former management from TD Ameritrade and Etrade. Asiff Hirji, who is attached to the SPAC, was the Coinbase COO from December 2017 to June 2019. Hirji also works for blockchain startup Figure as its president since January 2020.

Ribbit Leap(NYSE: LEAP):This SPAC from Ribbit Capital is targeting a company in the fintech space. Ribbit Capital is an investor in several fintech companies yet to go public including Coinbase and Robinhood. The SPAC is led by two current Ribbit Capital executives and couldconsidera cryptocurrency company.

Far Peak Acquisition Corporation(NYSE: FPAC): Led by former New York Stock Exchange President Tom Farley, Far Peak Acquisitioncould be a SPAC that goes after a cryptocurrency company. The NYSE invested $75 million in Coinbase in 2015, which was the largest investment ever made in a Bitcoin company at the time. The NYSE also launched a Bitcoin Index that same year. Farley called Bitcoin a growth market then and could still be bullish on the industry.

VPC Impact Acquisition Holdings (NASDAQ: VIH): Shares of VPC Impact Acquisition Holdings surged on reports it was acquiring cryptocurrency exchange Bakkt. The companies formally announced the merger being done at a $2.1 billion valuation. Bakkt launched the first regulated Bitcoin futures exchange and first fully-regulated options contract for Bitcoin. Shareholders of the SPAC will own 8% of the new company. Intercontinental Exchange (NYSE: ICE) will own 65% of Bakkt after the merger.

Diginex (NASDAQ: EQOS): Former SPAC, now trading as Diginex, is the first full digital asset ecosystem comprising a cryptocurrency exchange to be listed on the Nasdaq. Diginex traded under $10 after the SPAC merger until December when it was seen as a Bitcoin play. The company offers a cryptocurrency exchange and OTC trading operation. Diginex is launching a derivative product with Bitcoin perpetual futures contract in January. The company is planning on expanding its operations from Europe and Asia to enter the United States market.

Disclosure: The author hasa long position in shares of GSAH andBTAQ.

Related Link (You Tube Video):What SPAC Could Take Coinbase Public?

2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Data Of Over 3 Lakh Indian Cryptocurrency Users Leaked On The Dark Web: Report – Mashable India

Data breaches have become far too common amid the pandemic and it has recently come to light that personal Banking and KYC information of lakhs of users of BuyUcoin, a leading Cryptocurrency exchange in India, has allegedly been leaked on the darknet.

As reported by Gadgets 360, details that are leaked because of the data breach included the names, email addresses, mobile numbers, order information, and deposit history of users. Leaked data was a result of a data breach that BuyUcoin suffered last and year and was released on the dark web by a hacker group Shiny Hunters.

SEE ALSO: Pressing Need For Companies To Step Up Cybersecurity Efforts In The Age Of COVID-19

The report states that leaked data also includes other details such as bank names and account numbers, along with know-your-customer (KYC) information that includes PAN and passport numbers of BuyUcoin users. The data leak was reported by the Cybersecurity researcher Rajshekhar Rajaharia who spotted the leak on dark Web earlier this week. The details included more than three lakh BuyUcoin users, he said. The Delhi-NCR-based company claims to have over 3.5 lakh users in total.

The company earlier denied the leak. BuyUcoin CEO and Co-founder Shivam Thakral said: we would like to reiterate the fact that only dummy data of 200 entries were impacted which was immediately recovered and secured by our automated security systems. However, now the company is looking into the data leak.

SEE ALSO: WhatsApp Fixes Vulnerability That Indexed User Profile Info, Group Chat Invites On Google Search

We will keep all the stakeholders updated about the proceedings and conduct a major cybersecurity overhaul throughout 2021 to upgrade platform security. BuyUcoin stands in solidarity with other companies who have faced such unlawful cyber-attacks recently. There is an urgent need to revise the current cybersecurity policy to counter such attacks. BuyUcoin is more than willing to work with industry peers and other relevant stakeholders to protect the financial technology ecosystem, said the company.

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What is a Blockchain Technology? – Working, Uses, Cryptocurrency – Business Standard

In the past few years, you must have seen topics such as blockchain and cryptocurrency trend on the internet a lot. It is believed that these two terms are poised to revolutionise information technology and banking as we know them.

Also referred to as Distributed Ledger Technology (DLT), blockchain is a system which helps in recording information. The information is recorded in such a way that it makes it difficult for anyone to hack or cheat the system. The technology makes the system transparent and unchangeable.

The system is basically a digital ledger of transactions that is distributed with the entire network of computer systems and servers on the blockchain. Every block in the chain contains information of transactions made and every new transactions information is added to each participants ledger. In this way, the database is managed by multiple participants and is decentralised (there is no central agency managing the system). The system uses an immutable cryptographic signature called a hash to record every transaction and helps in linking every new block created to the previous block.

This makes it difficult to hack the system as even if one block was tampered with, participants will come to know that someone is trying to hack the system. To successfully hack the system, the hacker will have to tamper with all the blocks which will be impossible.

Bitcoin and other digital currencies such as Ethereum use blockchain technology to function. As more and more people start using these digital currencies, the number of blocks will also grow, making the whole system more secure. The system is more efficient and has no transaction cost making the system cheaper too.

Stuart Haber and W Scott Stornetta, in 1991, described a cryptographically secured chain of blocks for the first time. In 1998, computer scientist Nick Szabo started working on a decentralised digital currency. The technology became big in 2008 when a developer with the pseudonym of Satoshi Nakamoto (No one knows yet who this person is. Some speculate the pseudonym represents a group of people) released a white paper establishing the model. After releasing the white paper and launching the initial code, Nakamoto created bitcoin to be a form of cash which can be sent peer-to-peer without the need of a central agency or a bank as is the case for physical cash.

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What are the benefits and risks of cloud computing for a business? – KnowTechie

Many people nowadays tend to look back with nostalgia to the times when we used CDs, floppy disks, and thumb drives to store files, but those were actually some dark times for businesses. Processes were slow and ridden with human error, workers still relied on paperwork for most things, and everything took ten times longer than today.

Data could easily be lost, stolen, and corrupted, and many businesses failed because they couldnt work their way out of the bureaucratic maze. Fortunately, times are different now, and businesses have faster, better, and more effective ways of dealing with data. The cloud has revolutionized the way processes are carried out, and 2020 in particular was eye-opening for companies, who realized that cloud services are the best way to move forward in the era of digital transformation.

Cloud services are no longer the next big thing. Theyre already here, and they are becoming mainstream.According to Gartner research, the worldwide public end-user cloud spending will reach $304.9 billion, an 18.4% growth compared to $257.5 billion in 2020. Whats more, they estimate that cloud will account for 14.2% of worldwide enterprise IT spending in the following three years. The most lucrative sub-sectors are currently cloud business process services, cloud application infrastructure services, and cloud application services.

Last year posed new challenges for businesses, forcing them to seek solutions for remote working and collaboration, all while addressing reduced budgets and theincreasing risk of cybercrime. Cloud solutions rose to the challenge, offering businesses a way to address all these concerns, and the feedback was overwhelmingly positive. According to recent data, 70% of companies that used cloud services in 2020 plan on increasing their spending this year, and up to 94% of workloads in 2021 will be processed by data centers.

But how exactly can cloud services help your business, and are there any risks you should keep in mind?

Many IT leaders have heard about the cloud and want to join the bandwagon but ultimately it comes down to one simple question: how much will it cost me? Especially last year, when budgets were reduced significantly, spending needs to be justified.

Fortunately, the cloud is a good investment and, in time, it reduces operational costs. Over 70% of CFOs said that cloud had a positive impact on the business, and that, by boosting business agility, it helped them achieve much more. Plus, cloud services are scalable. You only pay for what you use, and you can always scale your plan up or down, depending on your needs.

Budget is an important driving factor for cloud adoption but, for some, accessibility is even more important. In 2020, most businesses had to switch to the work from home model, but working outside the office has its challenges in terms of communication and collaboration.

Cloud based application development was one of the ways businesses could keep up, since it allowed workers to stay connected and productive while working from home. By switching to cloud-based apps, you no longer have to worry that employees have to be in the office to do their job. They can continue to do that safely, from home, as long as they have an Internet connection.

Cloud adoption goes hand in hand with business agility. Cloud-based apps can be used instantly after signup, so you dont have to worry about long execution times. And, since they are based on cutting edge technology, you get consistent year-round performance.

On a similar note, cloud-based apps dont suffer from downtime because if one server fails, your data is backed up instantly. This way, you have the peace of mind that you can easily recover your data should anything happen to it. This ensures business continuity and productivity.

Businesses are some of the favorite targets of hackers. And if youre thinking something like Were just a small company, they wont bother hacking us and theyll go straight for the bigger fish, youre wrong. Contrary to common belief, hackers actually prefer small to medium-sized businesses because they dont have the infrastructure to detect breaches in time and theyre much easier targets.

One single data breach can cost a small business more than $2.3 million/year, and 60% of small businesses that suffer a cyber-attack end up bankrupt within six months. Cloud solutions offer protection against hacking and data theft and use state-of-the-art firewall technologies to keep intruders at bay and protect sensitive business data. Dont wait to become a victim.

Cloud adoption is at an all-time high and organizations are getting better at using cloud technologies. But are there any risks you should know about?

Although the technology in itself is beneficial, it can have some risks depending on how it is deployed and who you partner with. For example, cloud solutions are meant to boost security and ensure business continuity, but hackers are constantly finding new ways to work around firewalls. So, if you dont invest in applications that are constantly updated, you might be affected. Once a business becomes a victim of a data breach, customers lose their trust in it and that trust is almost impossible to regain.

Also, you need to make sure that your cloud services provider complies with the legislation on data protection. The average company manages a whopping 162.9 terabytes of data, and some of this belongs to customers; so who exactly can access this data, and what do they do with it? Compliance violations can cost your business millions in fines, so dont forget to go over this with your provider.

Last but not least, cloud adoption can be risky if the product you ordered doesnt match your organizations needs and requirements. Dont start digital transformation just for the sake of change. Instead, have an open discussion with your cloud provider, give them a realistic budget and a list of your top requirements, and only then cloud services will work in your favor.

Have any thoughts on this? Let us know down below in the comments or carry the discussion over to ourTwitterorFacebook.

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2020 Thematic Research into the Cloud Computing in Mining Industry – ResearchAndMarkets.com – Yahoo Finance

TipRanks

Well, its official. Joe Biden is now President, and hell be backed at least for the short term by Democratic majorities in both Houses of Congress. Wall Street is taking the measure of the new Administration, and sees, among its first moves, a boost in fiscal stimulus that is likely to goose consumer spending, bump corporate profits, and provide general economic support in the first half of 2021. Covering the situation for Goldman Sachs is investment strategist David Kostin, who is bullish on the near-term prospects for fiscal stimulus. In light of it, Kostin sets the Goldman outlook for this year at 6.4% GDP growth; he sees continued high growth next year, and sets the 2022 prediction at 4%. These outlook numbers are up from the previously published 5.9% and 3.7%. To this end, Kostin sees S&P 500 reaching 4,300 by years end, which would be a gain of 12% from current levels. Elections have consequences. Democratic control of Washington, D.C. after January 20 will bring greater fiscal spending, faster GDP growth, more inflation, and higher interest rates than we had previously assumed, Kostin noted. With markets looking up, investors are looking for the stocks that are ready for gains. Penny stocks, equities priced at less than $5 per share, are a natural place to search for potential winners. Their low price means that even a small incremental gain will translate into large percentages. However, before jumping right into an investment in a penny stock, Wall Street pros advise looking at the bigger picture and considering other factors beyond just the price tag. For some names that fall into this category, you really do get what you pay for, offering little in the way of long-term growth prospects thanks to weak fundamentals, recent headwinds or even large outstanding share counts. Taking the risk into consideration, we used TipRanks database to find compelling penny stocks with bargain price tags. The platform steered us towards two tickers sporting share prices under $5 and Strong Buy consensus ratings from the analyst community. Not to mention substantial upside potential is on the table. AzurRx BioPharma (AZRX) Well start with a company specializing in gastrointestinal disease, AzurRx. This company is focused on creating non-systemic, targeted recombinant therapies for GI ailments. AzurRx has a pipeline of three drug candidates, at several levels of the development process. The key pipeline candidate, MS1819, is being investigated as a treatment for exocrine pancreatic insufficiency for patients also suffering from cystic fibrosis. MS1819 is a recombinant lipase, derived from a yeast strain. The drug is designed to target fat molecules in the digestive tract, allowing patients to absorb the broken-down fats for nutritive value. The drug is currently in Phase 2 trials, which are scheduled for completion in the first half of this year. As of January 21, the first two patients in the Phase 2b OPTION 2 extension study have been dosed with the treatment, and the Data Monitoring Committee (DMC) remains supportive of the program. In another important development, AzurRx announced earlier this month that it is entering a partnership with First Wave Bio to study oral and rectal formulation of Niclosamide to treat immune checkpoint inhibitor-associated colitis (ICI-AC) and COVID-19 related gastrointestinal infections. The estimated market for Niclosamide as a treatment for COVID-related GI problems exceeds $450 million. Based on multiple potentially significant clinical catalysts as well as its $0.98 share price, several members of the Street think that now is the right time to pull the trigger. Jonathan Aschoff, of Roth Capital, is bullish on AzurRx, basing his longer-term forecasts on the probable success of MS1819. We base our valuation for AZRX on projected future U.S. sales from MS1819 for the treatment of EPI due to CF and CP, using an initial annual price of about $18,000, a price that is consistent with currently available PERTs. We project MS1819 to be commercialized in the U.S. in 2023, generating sales of $272 million in 2030. Ex-U.S. commercial success for MS1819, or commercial success from the early-stage beta-lactamase program would provide upside to our valuation, Aschoff noted. The analyst also looks forward to initial clinical results of Niclosamide in COVID-19 GI infection and in ICI-AC potentially, noting: "Niclosamide was FDA approved in 1982 to treat intestinal tapeworm infections and is on the World Health Organizations list of essential medicines. Given the millions of patients that have taken the drug, the safety profile has largely been established, thereby lowering developmental risk. Given all of the above, Aschoff rates AZRX as a Buy, and his $7 price target suggests a sky-high 608% upside for the year ahead. (To watch Aschoffs track record, click here) Overall, the analyst consensus on AZRX shares is a Strong Buy; the stock has 4 recent reviews, including 3 Buys and a single Hold. In addition, the $4 average price target brings the upside potential to 304%. (See AZRX stock analysis on TipRanks) ProQR (PRQR) ProQR is a biotechnology company focused on treatments for congenital progressive blindness. Specifically, the firm is working on medications to reverse a group of genetic sight disorders called inherited retinal diseases. These diseases currently have no effective treatments. The company has a research pipeline of five drug candidates, in varying stages of the research process. The two that are farthest along are QR-110 (Sepofarsen), and QR-421. Of those two, QR-110 is currently in Phase 2/3 studies. This candidate is an RNA therapy designed to correct the most common CEP290 gene mutation causing Leber congenital amaurosis 10 (LCA10). This is a severe genetic retinal disease that affects as many as 3 in 100,000 children. QR-421 is another RNA therapy, this one focused on exon 13 mutations in the USH2A gene. These mutations cause blindness due to retinitis pigmentosa and/or Usher syndrome. QR-421 is in Phase 1/2 studies, with an aim of restoring lost vision or preventing the loss in the first place. Covering the stock for JMP, analyst Jonathan Wolleben points to Sepofarsen as a key component of his bullish thesis. We continue to feel good about sepofarsens chance of success in Illuminate for multiple reasons: 1) Phase 1/2 confirmed the target registrational dose and dosing interval (6 months); 2) patients had clinically significant and durable BCVA improvements after 12 months pivotal primary endpoint; 3) supportive secondary efficacy measures (FST, mobility); 4) similar responses seen in second treated eyes; 5) long-term safety confirms positive risk/benefit; and 6) Illuminate patient population was enriched based on Phase 1/2 results (baselinevision of >/=hand motion). We assign sepofarsen a 60% POS and model LCA10 as an ~$300M opportunity to PRQR at peak penetration," Wolleben opined. In line with his upbeat outlook, Wolleben puts a $20 price target on the stock, implying a 384% one-year upside, along with an Outperform (i.e. Buy) rating. (To watch Wollebens track record, click here) All in all, PRQR gets a unanimous Strong Buy rating from the analyst consensus, based on 3 positive stock reviews. Shares are currently trading for $4.13, and their $20.67 average price target is slightly more bullish than Wollebens, suggesting an upside of 400% for the coming 12 months. (See PRQR stock analysis at TipRanks) To find good ideas for penny stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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2020 Thematic Research into the Cloud Computing in Mining Industry - ResearchAndMarkets.com - Yahoo Finance

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Cloud Computing Platform as a Service (PaaS) Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2025 – AlgosOnline

The ' Cloud Computing Platform as a Service (PaaS) market' study now available with Market Study Report, LLC, is a systematic detailing of the potential factors driving the revenue statistics of this industry. Key data documented in the study includes market share, market size, application spectrum, market trends, supply chain, and revenue graph. This research report elucidates a precise competitive summary of the business outlook stressing on expansion strategies adopted by key contenders of the Cloud Computing Platform as a Service (PaaS) market.

The latest report on the Cloud Computing Platform as a Service (PaaS) market entails latest industry data and projections backed by historical statistics and growth opportunities over the study period. In addition, the report comments on the impact of COVID-19 pandemic on this business sphere.

Request a sample Report of Cloud Computing Platform as a Service (PaaS) Market at:https://www.marketstudyreport.com/request-a-sample/2578731?utm_source=algosonline.com&utm_medium=SK

The report studies in complete details the multiple segmentations, inclusive of the product terrain, application spectrum, and regional territories. Key trends that will influence growth of each segment in the forthcoming years are factored in the report to impart a deeper understanding. Apart from this, a pool of leading players is assessed in the study to decipher the competitive dynamics of this industry vertical.

Main highlights from the Cloud Computing Platform as a Service (PaaS) market report:

Geographical landscape of the Cloud Computing Platform as a Service (PaaS) market:

Cloud Computing Platform as a Service (PaaS) market segmentation: Americas, APAC, Europe, Middle East & Africa

A gist of the regional analysis:

Product types and application spectrum of the Cloud Computing Platform as a Service (PaaS) market:

Product landscape:

Types: Video Communication Paas, Cloud Telephony Paas, Web and Mobile Optimization and Others

Main highlights listed in the report:

Application spectrum:

Application scope: Large Enterprises and SMEs

Specifics mentioned in the document:

Ask for Discount on Cloud Computing Platform as a Service (PaaS) Market Report at:https://www.marketstudyreport.com/check-for-discount/2578731?utm_source=algosonline.com&utm_medium=SK

Competitive outlook of the Cloud Computing Platform as a Service (PaaS) market:

Companies profiled in the study: Cloudflare, OpenShift, IBM Cloud, Salesforce, Google, Oracle, Windows Azure, ServiceNow, AWS, Apache Stratos, Plesk, VMware, Red Hat, SAP and Zoho Creator

Key pointers from the report:

Important Questions answered in this report are:

For More Details On this Report: https://www.marketstudyreport.com/reports/global-cloud-computing-platform-as-a-service-paas-market-growth-status-and-outlook-2020-2025

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Cloud Computing Platform as a Service (PaaS) Market 2020: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2025 - AlgosOnline

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How do I Get a Job in the Cloud? – Omega Underground

Cloud computing is one of the promising fields that has come upon with the hosting of the safest technologies in the world. It can help companies save their data securely and use various services over the cloud. It is an evolving field that innovates new things and employs people from various parts of the world in their workplace or domain. Many companies have adopted cloud computing as a solution to manage the high cost of hardware, physical storage and servers, technical issues, and data backup problems arising thereof.

Cloud computing is coming up as the new career option, it works best for the business application and moves them to the cloud. It explores a range of occupations that are forecast to have strong employment prospects in the future. Its use is growing rapidly so the need for trained and certified cloud practitioners is increasing. A Cloud computing career is highly rewarding because it offers an exciting new method of developing, planning, testing, and implementing IT projects. It also involves more convenient and quicker ways to store compute resources. It can help companies to switch from traditional IT financial accounting to a new OPEX (operational expenditure) model.

So this article will tell you about top job roles in cloud computing that are in high demand, skills needed for them, and how a cloud computing coursehelps in getting started.

Cloud computing is a way of delivering IT services/resources over the internet with the pay-as-you-go model. People can access technology services like computing power, databases, servers, analytics, networking, intelligence, and storage, via cloud providers like Amazon Web Services (AWS) instead of buying and maintaining physical data centers. Cloud services can lower operating costs, run the infrastructure more efficiently, and scale the business as needed. It provides the fastest and flexible services with just a few clicks. It also includes the ability to scale elastically to deliver the right amount of IT resources.

There are several job roles available in cloud computing that are related to many cloud service providerssuch as AWS, Azure, Salesforce, etc. Some of the important job posts are mentioned below.

Besides these roles, there are several job opportunities such as Cloud Sales Manager, Software Architect, Data Scientist, System Engineer, NET Developer, etc available to land a career in cloud computing.

Cloud computing is considered the most sought-after tech skill along with big data and artificial intelligence. Many companies such as Amazon, IBM, Microsoft, Google, etc. are focusing on cloud technology and seeking skilled cloud professionals/engineers to run their business smoothly. So it is necessary for those who want to start or switch their career as a cloud profession, to update themself with some basic skills mentioned below.

Cloud computing certifications and credentials can help you stay ahead and differentiate in a highly competitive market. Some cloud certifications are recognized globally that will help you to start your career as a cloud professional successfully. So start gaining skills and certifications to become a proficient cloud practitioner.

Laila Azzahra is a professional writer and blogger that loves to write about technology, business, entertainment, science, and health.

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How do I Get a Job in the Cloud? - Omega Underground

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