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What is Ethereum, and could it actually replace Bitcoin? – Mashable


Mashable
What is Ethereum, and could it actually replace Bitcoin?
Mashable
But another cryptocurrency has been quietly growing in volume while everyone was focused on Bitcoin. Ethereum, which is kind of like Bitcoin but slightly nerdier and more complicated, edged up against Bitcoin in its daily volume earlier this month. In ...
Bitcoin's civil war threatens to blow up the cryptocurrency itselfQuartz
Bitcoin Tracker: Tale Of Two BitcoinsPYMNTS.com
Keep Calm and Bitcoin On? Developers Aren't Worrying About a ForkCoinDesk
City A.M.
all 5 news articles »

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New Partnership Enables Dash Users to Buy and Sell Cryptocurrency at Banks – CryptoCoinsNews

Dash has partnered with Wall of Coins, a peer-to-peer bitcoin exchange, to allow users to exchange the cryptocurrency for cash at financial service companies such asBank of America, Chase, Wells Fargo, Western Union and MoneyGram, according to an announcement.

The Wall of Coins website lets users deposit the cryptocurrency in a financial institution and exchange it for cash.

Dash traders and investors will no longer have to buy Dash from a digital exchange using other cryptocurrencies. They will be able to convert cash to Dash almost immediately.

Dashs market cap has soared from $78 million to a record high of $233 million.

Buying a new cryptocurrency usually requires having to sign up for an account, verify identity, wait for account approvals and transfer funds from a bank account. The process can take days. Wall of Coins allows users to buy Dash immediately at tens of thousands of physical locations in 12 countries.

Because Wall of Coins supports Dashs InstantSend feature, Dash transactions can be even faster, according to Ryan Taylor, Dash director of finance. Wall of Coins also provides another way to sell Dash, at a premium compared to rates available at traditional exchanges.

Also read: Dash puzzlingly skyrockets 450% in two months

Customers deposit cash at a financial institution, and in minutes, receive Dash or bitcoin to a wallet of their choice. They can then sell their cryptocurrency to Wall of Coins and withdraw the corresponding cash value at a financial institution.

All of Wall of Coins services are offered through an API, enabling developers to build additional services on top of its platform.

We have become the first service to let people get Dash directly with paper money, and by far the fastest marketplace for it, said Robert Genito, Wall of Coins project director.

Featured image from Shutterstock.

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Monero cryptocurrency doubled in price in March and is being used more widely on dark net markets – CyberScoop

Monero, a cryptocurrency designed foranonymity and security, doubled in price over the last month to around $23 while other digital currencies, including bitcoin, saw a mixed month.

One reason for Moneros recent success: Cybercriminalsintrigued by the currencys promises of greater anonymity are using it more often on black markets.Several prominent vendors dealing in malware and other illicit products told CyberScoop they saw a slow but noticeable rise in Moneros use over the last month.

Amid a wave of interest in privacy-focused cryptocurrency technology, Monero was createdby a psuedononymous hacker in 2014as scamsswallowed early attempts to develop anonymous coins. By the time it appeared on the scene, bitcoin was already widely used on dark net markets and was being closely watched by law enforcement.

The creator faded away quickly while Monero itself has stuck around and, in 2016, grew 2,760 percent in price. The early 2017 growth builds on that.

Heres a malware vendor accepting Monero on AlphaBay late last year:

In January, FBI Special AgentJoseph Battaglia said he was worriedabout cryptocurrencies like Monero because they aredesigned to be private as opposed to bitcoin, which has a public ledger.

There are obviously going to be issues if some of the more difficult to work with cryptocurrencies become popular. Monero is one that comes to mind, where its not very obvious what the transaction path is or what the actual value of the transaction is except to the end users, Battglia said.

The first Monero-focused ransomware showed up last week when Kirk ransomware was discovered and profiled by Avast malware researcher Jakub Kroustek.

AlphaBay, the largest dark net black market, announced that it would accept Monero in addition to bitcoin in August 2016. Moneros continued success inspired pushed AlphaBay administrators to announce one more alternative digital currency, Ethereum, would be accepted on the market. Some Monero investors are worried that thepopular adoption of another alternative could negatively impact their own cryptocurrency.

Bitcoin remains far atop the heap, however, because it is in far wider use than any of the alternatives and is therefore a more liquid and easy to work with currency.

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IBM to remove complexity around cloud storage service tiers – TechTarget

IBM to remove complexity around cloud storage service tiers
TechTarget
IBM plans to roll out Cloud Object Storage Flex next month for customers who are either new to the cloud or have spikey or unpredictable workload demands. Storage tiers have become standard practice for cloud providers as they try to offer a diversity ...

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The key aspects to consider when executing a smooth move to the cloud – Cloud Tech

As the benefits of cloud computing become more pronounced, more businesses are migrating to the cloud. Greater scalability, flexibility and financial security often come as a result of making the shift to cloud computing - and those are just a few of the advantages. The allure of the cloud is well known. However, the fine details of cloud migration and implementation are often overlooked.

Migrating to the cloud is more complicated than many companies anticipate. Too many of the business are pulling the trigger on cloud migration with only the first few steps in mind the cost of the service and the logistics of the physical transfer of the data itself. Moving data is a lot like moving to a new house or apartment. If you have never done it before, you may be thinking, Ill just move all my stuff and pay the rent or mortgage. Anyone who has moved in the past few months can tell you that its often more complicated than that.

For starters, you have to select a place of residence. As you do this, you must consider the needs of your family. Think of the features and amenities in a home that will be of most value to you. Moving into a public space such as an apartment is often cost effective. Still, apartments have their drawbacks. Houses offer the advantage of greater privacy and circumstantial control. If you need something in between, a townhome could serve as a sort of hybrid that offers the best of both worlds. Other considerations: What level of upkeep will the property require? Is there a big yard? Will the house require renovation in order to suit the needs of your family? You could always just build your own home - although, this could become very complicated if you have no experiences with homebuilding.

As you can see, there are numerous unseen variables involved in moving to a new house or apartment. Believe it or not, all of these examples are directly comparable to considerations that should be made when migrating data to a cloud. If you didnt already make this connection, take a minute to reread the previous paragraph with the following comparisons in mind: family = company; home/property = cloud platform; apartment = public cloud space; house = private cloud space; townhouse = hybrid cloud arrangement.

These are just a few of the factors that home movers or data migrants should take into account. With this analogy as a backdrop, consider a few tips for avoiding problems when migrating to the cloud.

Cloud computing is a powerful tool. This technology has created so many options and opportunities to improve the internal mechanism of a company. Still, lets not get hasty. Start by doing some research and assessing your company's cloud computing needs.

Understand the pros and cons of public, private and hybrid cloud computing. Once you have an idea of what you are looking for, consider cloud computing service options. If you dont know much about the market, there are a few providers that are well suited to companies who are beginning their cloud computing journey. According to Logicworks CTO Jason McKay, One cloud does not fit all, but if you pick a major IaaS cloud provider like AWS or Azure, one cloud certainly fits most. You could also attempt to build your own cloud computing platform; however, this is not recommended if you or members of your IT staff have little or no cloud computing experience. The same is said of hybrid cloud configurations.

The point is, keep it simple. Begin with a simple, singular cloud computing configuration. Experts say that most successful complex cloud computing configurations are outgrowths of an initially simple setup.

A survey conducted by IDC revealed that out of over 6,000 executives, only 3% would characterise their cloud strategy as optimised. 47% describe their cloud strategy as opportunistic or ad hoc. In order for cloud computing provide maximum benefit, companies must have a plan for cloud migration. The following are a couple suggestions to keep in mind as you prepare for cloud migration.

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Microsoft cites ‘enormous’ opportunity in hybrid cloud and managed services era – Cloud Tech

An enormous opportunity is afoot for cloud companies as more organisations move towards implementing hybrid cloud and managed services, according to a new study from Microsoft.

The report which was conducted in association with 451 Research and which comes in at a whopping 127 pages polled more than 1700 respondents in 10 geographies, and found that almost two thirds (62%) of overall cloud and hosting infrastructure spend comes bundled with value-added services. When it came to managed infrastructure spending, just over half (54%) was on managed and security services, as opposed to 46% on the basic infrastructure.

Not entirely surprisingly given the sponsor of the study, Microsoft came out on top for public cloud providers as part of hybrid or multi-cloud environments. Azure was cited by 61% of respondents, ahead of Google (53%), AWS (46%), IBM SoftLayer (43%) and VMware (33%). Interestingly, 86% of those polled in MEA (Middle East and Africa) are Google houses albeit with only 14 respondents.

For cloud deployment interoperability, the most popular option, cited by 64% of respondents, was an on-premise private cloud with a hosted private cloud. Expanding a little further, 57% opted for on-prem private cloud with public cloud, 55% with a hosted private cloud with public cloud, and 49% with two separate public cloud or IaaS platforms.

When it came to adoption drivers of hybrid and multi-cloud environments, flexibility and choice won out, cited by almost two thirds (64%) of overall respondents, ahead of extending ITs resource capability for existing on-prem infrastructure (56%) and maximising return on existing on-prem investments (56%).

Naturally, Microsoft looks at the potential of the landscape and offers that it is uniquely positioned to help customers with their critical managed service needs, as Aziz Benmalek, Microsoft VP of worldwide hosting and managed service providers put it in a blog post. Yet the stats show potential across the wider industry in general.

More than ever before, customers are looking to a single trusted advisor to provide transformation-oriented managed services and hybrid implementation, said Melanie Posey, 451 Research vice president. Customers are looking to service providers to not only transform IT but also transform their entire business to rewire the building and support new requirements, all while keeping the lights on.

You can take a look at the full report here (email required).

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North Korea will soon launch cloud computing service, says state media – NK News

The North Korean government is set to launch its own cloud computing service, a state-run outlet reported on Friday.

The service, similar to iCloud, Dropbox or Google Drive, is called Eunjong, meaning benevolent affection, local outlet Arirangmaeri said.

These days, the Information Science Technology Department, State Academy of Sciences is pushing to finish the preparation for the cloud computing service, local outlet Arirangmaeri said on Friday.

The article didnt say exactly when the service will be open to the public, but said it is close to release and that it was part of a move to catch up with the growing demand for the cloud service, it said.

If launched, Eunjongwill be North Koreas first clouding computer service: previous articles in state media have not used the term (cloud computing service).

Soon, the parallel computing service homepage Eunjong will be established, and the users will be able to enjoy data center service software service and do large scale scientific calculation using the website.

Given North Koreas strict control of the flow of information from the outside world, its unlikely Eunjong will be linked to the internet: access will most likely be restricted to the countrys closed intranet system, to which only half a million North Koreans are believed to have regular access.

In the article, the State Academy of Sciences a North Korean government body which manages the nations scientific development claimed thatEunjongs high-performance server will provide up to 40 trillion floating-point operations per second (40T FLOPS).

While the number might seem significant, one long-time North Korea IT watcher said he feels sorry for the North Koreans who would be using the technology, which is more than a decade behind its South Korean equivalent.

Just a single smartphone produced these days has one million, five million or even up to ten million FLOPS, Choi Sung, a professor at the Computer Science department at Namseoul University, told NK News.

While it is far behind South Korea, Choi said that 40T FLOPS is an impressive performance for a North Korean server.

I would sayEunjongs performance would be close to what a South Korean bank website mightprovide, he said. Due to the shortage of servers, which they would haveto spend precious foreign currency to import, it seems that the North Korean IT developers are trying to build a single powerful parallel computer, and run multiple servers on that system using the cloud computing technology.

Multiple reports by NK News indicatethat the countrys intranet is expanding. Last month, North Korea announced the launch of its highly popular Kwangwang website, an apparently intranet-based tourism website which allows users to plan holiday itineraries.

In November last year, Manmulsang, another intranet-based platform for North Korean Donju (entrepreneurs) was announced, claiming over 3.2 million accumulated internal visitors to the website in ten months.

Edited by Oliver Hotham

Featured Image: DPRK Today

The North Korean government is set to launch its own cloud computing service, a state-run outlet reported on Friday. The service, similar to iCloud, Dropbox or Google Drive, is called Eunjong, meaning benevolent affection, local outlet Arirangmaeri said. These days, the Information Science Technology Department, State Academy of Sciences is pushing to finish the preparation

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IBM’s Cloud Computing Holds Potential: Should You Buy? – Yahoo Finance

International Business Machines Corps IBM recent investor briefing reflected its continuing focus on being a cloud-first company. Notably, cloud revenues grew 35% to $13.7 billion for this Zacks Rank #3 (Hold) stock in 2016. You can see the complete list of todays Zacks #1 (Strong Buy) Rank stocks here.

The annual exit run rate for cloud as-a-service revenue increased 53% on a year-over-year basis to $8.6 billion. Moreover, IBM had more than 50 cloud centers globally and its Bluemix platform was one of the largest open public cloud deployments worldwide at the end of 2016.

We note that the impressive growth has helped IBM outperform the S&P 500 in the last one year. While the stock has gained 18.1%, S&P increased 15.3% in the same period.

Cloud Computing: Robust Growth Expectations

We note that IBMs growth expectations from cloud computing remains positive in the long haul. Management expects market opportunity in enterprise cloud to be greater than $800 billion by 2020. Moreover, the company anticipates more than 85% of enterprises to commit to multi-cloud architectures by 2018, which is positive for its hybrid cloud offerings.

As such, the overall growth expectation for the public cloud computing services market is very much bullish. According to Gartner, worldwide public cloud services market is projected to grow 18% over 2016 to $246.8 billion in 2017. Further, the figure will increase to $383.3 billion by 2020.

Infrastructure-as-a-Service (IaaS) is projected to be the highest growth service driven by improvement in PaaS and massive adoption of artificial intelligence (AI), analytics and the Internet of Things (IoT). IaaS is projected to grow from $25.29 billion in 2016 to $71.55 billion in 2020.

IBM Lags Behind in the Cloud

Despite the impressive growth figures and bullish sentiments, we note that IBM lags behind the likes of Amazon AMZN and Microsoft MSFT in the public PaaS and IaaS cloud computing markets.

According to Synergy Researchs latest report Amazon Web Services (AWS) maintained its dominant position in the market followed by Microsoft Azure, Alphabets GOOGL Google and IBM at the end of fourth-quarter 2016.

The research firm noted that these three have gained market share in the last one year at the expense of smaller players as well as strong performance from Microsoft and Google. However, their combined market share of 23% lags a fare bit as compared with Amazons 40%.

We believe that IBMs hybrid approach is yet to find many takers in both the public and private cloud markets. Despite significant investments first on acquiring SoftLayer for $2 billion and then spending more than $1 billion on data centers the clientele is not as impressive as Amazon or Microsoft.

China: IBMs Savior?

Per Gartner, China has become a significant IaaS cloud market. The research firm noted that While China's cloud service market is nascent and several years behind the U.S. and European markets, it is expected to maintain high levels of growth as digital transformation becomes more mainstream over the next five years.

IBM is now planning to tap into Chinas fast- growing cloud computing market through a new company formed in collaboration with Wanda Internet Technology Group. The new company will offer IaaS and Platform-as-a-Service (PaaS) to Chinese enterprises and businesses. Reportedly, IBM will have a share in revenues.

Moreover, as a part of the deal, the company will launch Watson services to China. IBM is expected to offer Watson Conversation services at the first, which will allow developers to add natural language interactions between applications and client.

Conclusion

Despite lagging in competition, we believe that IBM is developing a niche for its hybrid cloud services along with Strategic Imperatives (cognitive computing, Artificial Intelligence, Machine Learning).

IBM Watson on Cloud is a key growth driver in IoT, healthcare and financial services end-markets. IBM Watson is anticipated to reach more than 1 billion people by the end of 2017. Moreover, Blockchain initiatives, Quantum computing, Containers are some of the other catalysts that will support growth trajectory in the long run.

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Cloud Computing Rises in the Ranks to Make Police Departments More Agile – StateTech Magazine

As precincts continue to collect, store and analyze data in the pursuit of driving more efficient policing practices alongside budget cuts, cloud computing presents a solution to store and transmit the ever-growing pool of information.

A survey by the International Association of Chiefs of Police found that while just 16 percent of law enforcement agencies currently deploy cloud computing for criminal justice data, 38 percent are planning to implement the solution in the near future.

Some of this growth is likely because law enforcement agencies are rapidly collecting data from police-worn body cameras. With 95 percent of large police departments committing to using body cameras, cloud computing can help law enforcement officers store and manage the video.

But as policy expands and the cloud becomes more trusted in the industry, police departments across the country are finding creative uses for the technology that allows them to banish disparate IT systems and store and manage data in one place.

Kansas is in the midst of moving its 911 system to the cloud, which will help the state defend against the threat of disasters. It will also allow citizens to use multimedia, so they can send pictures and videos to dispatchers or send law enforcement text messages requesting assistance.

Several local police forces, including one in Keene, N.H., are already seeing success with similar projects that embrace community policing and use a cloud-based digital platform, known as LEEDIR, to manage floods of witness videos and photos around an incident. The portal was developed by Scott Edson, special operations division chief at the Los Angeles County Sheriffs Department, as a way for law enforcement agencies to get the storage capacity and secure portal they often dont have during a major emergency, PoliceOne reports.

One of the main concerns is capturing this media while its there before people delete it off their phones, before things expire, Keene Police Detective Joel Chidester told PoliceOne. Thats where the LEEDIR program really stood out it gave us the ability to very quickly issue a release to the public to upload data and evidence. In many of these cases, these were felony level offenses the statute of limitations would let us prosecute them for years to follow. It relieves some of that time pressure; once you have this evidence captured and secured, then you can go back and start building cases in the days or weeks to follow.

With cloud storage, departments can manage large volumes of multimedia securely without overwhelming servers.

It invokes a partnership with the community in terms of solving significant crimes. Some of the eyewitness photographs and videos of the destruction of property, assaults we would never have been able to obtain if they had not been brought forward by the public and turned over to us through a crowdsourced platform, said Chidester.

Meanwhile, the California Department of Justice (CalDOJ) has partnered with the private sector to help law enforcement agencies plug a gap in protocols that hinders police departments from deploying cloud solutions, Techwire reports.

While the state has a system in place that looks to ensure data is being securely shared across state, local and federal agencies, when the Chula Vista Police Department (CVPD) requested to deploy Microsoft Office 365 and Azure Cloud, the agencys technology manager, Eric Woods, realized the protocol didnt speak to requirements for the cloud. Moreover, the states telecommunications agency didnt have a process in place to approve requests to deploy cloud services, which was hindering several neighboring police departments from deploying cloud solutions to create more agile IT environments.

Woods then began working with Microsoft to fill in the blanks and develop a protocol that would enable law enforcement to deploy cloud-based solutions. CalDOJ, Microsoft, and the CVPD collaborated to develop a security matrix around Microsoft Office 365 and the Azure Cloud, eventually pushing through procedures to ensure the technologys safe deployment at police departments across the state.

Getting this milestone completed is going to release a lot of pent up demand. Most of these agencies have already embraced the technology, but they now have an additional level of confidence that what theyre doing is right, Stuart McKee, Microsofts chief technology officer of state and local government, who was heavily involved in the process, told Techwire.

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NVIDIA Corporation’s (NVDA) Tesla GPU Accelerators for AI Cloud Computing Adopted by Tencent Cloud – Smarter Analyst

NVIDIA Corporation (NASDAQ:NVDA) announced that Tencent Cloud will adopt NVIDIA Tesla GPU accelerators to help advance artificial intelligence for enterprise customers.

Tencent Cloud will integrate NVIDIAs GPU computing and deep learning platform into its public cloud computing platform. This will provide users with access to a set of new cloud services powered by Tesla GPU accelerators, including the latest Pascal architecture-based Tesla P100 and P40 GPU accelerators with NVIDIA NVLink technology for connecting multiple GPUs and NVIDIA deep learning software.

NVIDIAs AI computing technology is used worldwide by cloud service providers, enterprises, startups and research organizations for a wide range of applications.

Companies around the world are harnessing their data with our AI computing technology to create breakthrough products and services, said Ian Buck, general manager of Accelerated Computing at NVIDIA. Through Tencent Cloud, more companies will have access to NVIDIAs deep learning platform, the worlds most broadly adopted AI platform.

Tencent Cloud GPU offerings with NVIDIAs deep learning platform will help companies in China rapidly integrate AI capabilities into their products and services, said Sam Xie, vice president of Tencent Cloud. Our customers will gain greater computing flexibility and power, giving them a powerful competitive advantage.

GPU-Based Cloud Offerings for AI

Organizations across many industries are seeking greater access to the core AI technologies required to develop advanced applications, such as facial recognition, natural language processing, traffic analysis, intelligent customer service, and machine learning.

The massively efficient parallel processing capabilities of GPUs make the NVIDIA computing platform highly effective at accelerating a host of other data-intensive workloads, including advanced analytics and high performance computing.

As part of the companies collaboration, Tencent Cloud intends to offer customers a wide range of cloud products based on NVIDIAs AI computing platforms. This will include GPU cloud servers incorporating NVIDIA Tesla P100, P40 and M40 GPU accelerators and NVIDIA deep learning software. Tencent Cloud launched GPU servers based on NVIDIA Tesla M40 GPUs and NVIDIA deep learning software in December.

During the first half of this year, these cloud servers will integrate up to eight GPU accelerators, providing users with superior performance while meeting the requirements for deep learning and algorithms that involve ultra-high data volume and ultra-sized equipment.

Shares of NVIDIA closed yesterday at $107.09, down $0.98 or -0.91%. NVDA has a 1-year high of $120.92 and a 1-year low of $34.38. The stocks 50-day moving average is $106.42 and its 200-day moving average is $90.04.

On the ratings front, NVDAhas been the subject of a number of recent research reports. In a report released yesterday, B. Riley analyst Craig Ellis reiterated a Buy rating on NVDA, with a price target of $135, which implies an upside of 26% from current levels. Separately, on March 20, Goldman Sachs Toshiya Hari reiterated a Buy rating on the stock and has a price target of $130.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Craig Ellis and Toshiya Hari have a yearly average return of 27.6% and 15% respectively. Ellis has a success rate of 73% and is ranked #39 out of 4552 analysts, while Hari has a success rate of 74% and is ranked #802.

Sentiment on the street is mostly bullish on NVDA stock. Out of 27 analysts who cover the stock, 14 suggest a Buy rating , 9 suggest a Hold and 4 recommend to Sell the stock. The 12-month average price target assigned to the stock is $116.95, which implies an upside of 9% from current levels.

NVIDIA Corp. designs and manufactures computer graphics processors, chipsets, and related multimedia software. The company operates through two segments: Graphics Processing Unit and Tegra Processor. The Graphics Processing Unit segment includes sales of the companys GeForce discrete and chipset products that supports desktop and notebook PCs plus license fees from Intel and sales of memory products. The Tegra Processors segment provides processors that deliver superior visual and multimedia experience on tablets, smart phones and gaming devices while consuming minimal power.

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