Page 4,413«..1020..4,4124,4134,4144,415..4,4204,430..»

Meet Amit Bhardwaj, who’s living his dream around bitcoins and blockchain – YourStory.com

April 3, 2017 | Author: admin

For serial entrepreneur Amit Bhardwaj, bitcoins and blockchain held interest while he was still doing anine-to-five job and he continued to explore these areas even after launching his first venture in 2009. Not many were familiar with bitcoins and blockchain as far back as 2013, when Amit started HighKart.com, an E-commerce platformfor accepting payment in bitcoins for products.

A digital currency, bitcoin is not supported by any countrys government or central bank. Also known as cryptocurrency, this money is usually exchanged among users through a network which is called block and the bitcoin miners confirm these transactions.

But Amit shut down HighKart and founded GBMiners in August 2016 to foray into the mining space. He explains,

When I started HighKart in 2013, the bitcoin space was very small and nobody was ready to listen to the concept. Thats when I realised that people were using bitcoins as a commodity for investment and not as a transaction mechanism. We stopped HighKart and we ventured into the mining space.

Amit by then had a decent exposure to the bitcoin mining mechanism and was fascinated with how transactions were verified. He recalls, I was convinced enough to buy a miner for myself and set it up at home.

Delhi-based GBMiners is a bitcoin mining pool where collectives of bitcoin miners pool in resources and share their hashing power to solve a math problem or a block, the reward for which is distributed among users based on the proportion of work done.

An alumnus of MGMs College of Engineering in Maharashtra, Amit is building an ecosystem of products based on bitcoins and blockchain and other cryptocurrencies. Having worked with companies like Infosys and Reasoning Global as an IT specialist, he had a fair understanding of various aspects of business and product developmental cycle. The accumulative experience that he had gathered served him well and gave birth to his first venture NexGen Facility Management, which he ran for four years before starting HighKart.com. He exited HighKart.com after operating it for more than three years.

In 2016, he started Amaze Mining & Blockchain Research, CoinBank Wallet, and GBMiners. Amaze Mining & Blockchain Research is the parent company of GBMiners and Coinbank Wallet. Amit is currently operating three ventures, which is a testimony to his passion for the technology of bitcoin and blockchain.

GBMiners currently has 12 employees and more than 1,000 users. It mines around 80-100 bitcoins everyday. Once the miners mine a block, the coins are distributed amongst them equally with a small fee going to GBMiners for hosting the pool. Amit says that today one bitcoin is worth nearly Rs 1 lakh, which was around Rs 45,000 three months back. They have also mined over 5,400 bitcoins since then.

Bitcoin mining pools are a way for bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block. Bitcoin mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block.

Amit says that by pooling their resources miners could generate blocks quicker and thus receive a portion of the bitcoin block reward on a consistent basis, rather than randomly once every few years.

Bitcoin witnessed a slow beginning in India. However, banks are now acknowledging its advantages. According to an analyst, Bitcoin trade in the country has grown rapidly, at an estimated Rs 500 crore per year, with 50,000 bitcoin wallets and over 700-800 bitcoins being operated every day.

India is still getting there, but before the full-fledged acceptance of bitcoins, we will need a policy-level framework to come into existence. People need to know that these transactions hold legal tender before they can start using bitcoins at scale. Once the government or RBI recognises it, then there will be no looking back as the talent pool in India is so huge that within weeks we will have multi-fold adoption of blockchain technology in various fields which will pave the way for cryptocurrency to be integrated seamlessly, says Amit.

Website: GB Miners

The rest is here:
Meet Amit Bhardwaj, who's living his dream around bitcoins and blockchain - YourStory.com

Read More..
Posted in Bitcoin | Leave a Comment

Poloniex Issues Caused Significant Panic and Losses For Cryptocurrency Traders – newsBTC

April 3, 2017 | Author: admin

It is unclear how much money people lost due to these issues, though.

Plenty of cryptocurrency traders are not too amused with Poloniex right now. The popular altcoin exchange suffered from several brief outages yesterday. During the panic, the Ripple price crashed hard and Ethereum lost US$1bn in market cap. It is unclear what occurred exactly, but we do know traders lost a lot of money in the process. It is unclear what will happen to the people who lost money, though.

Trading cryptocurrencies is always a risky business. Money can be earned and lost in a matter of mere seconds. However, if a popular exchange goes down and traders cant execute orders, something is definitely amiss. Poloniex had a lot of issues last night after Ripple reached a new all-time high. Shortly after this happened, the platform became unresponsive.

It was not just the web frontend suffering from these problems. The Poloniex API, used in tools such as TabTrader, became unresponsive as well. The company acknowledged the outage and trading resumed back to normal relatively quickly. However, a lot of users have suffered from spotty accessibility for several hours. During that time, trading just continued as normal, allowing some people to take advantage of the situation.

To be more specific, Ethereum lost close to US$1bn of its market cap during the trading frenzy. Events like these should not occur in the first place. Moreover, some people feel Poloniex should have halted all trading until the platform was operational again. This goes to show the platform cannot handle increased trading volume for an extended period of time. That is quite disconcerting, to say the least, given Poloniexs position in the market.

One thing is certain: a lot of people have lost faith in Poloniex for the time being. One Reddit user even calls it an organized scam crime website, although that may be a too strong sentiment. It is true this is not the first time the exchange suffers from such outages, though. If these problems continue, Poloniex will quickly lose its market position. After all, the company has to provide exchange services around the clock, yet appears incapable of doing so.

It is unclear how much money people lost due to these issues, though. Ethereums market crashing and the unexpected Ripple dump raise a lot more questions than answers right now. Poloniex has some explaining to do, albeit it is safe to assume no one will be reimbursed for their losses. Centralized exchanges continue to pose a problem for traders. No exchange is always reliable or accessible, that much is certain.

Header image courtesy of Shutterstock

See the original post here:
Poloniex Issues Caused Significant Panic and Losses For Cryptocurrency Traders - newsBTC

Read More..
Posted in Cryptocurrency | Leave a Comment

Overall Cryptocurrency Market Cap Surpasses US$27.5 billion … – Live Bitcoin News

April 3, 2017 | Author: admin

The past few days have been quite interesting for the cryptocurrency sector as a whole. Various currencies have seen their value increase over the weekend, which is far more uncommon than most people give it credit for. As a whole, the total cryptocurrency market capitalization has increased as well, which is a positive development.

Based on the statistics provided by Coinmarketcap, it is good to see so many cryptocurrencies gain value over the weekend. For the longest time, bitcoin and altcoin gains seemed to be mutually exclusive, yet that no longer appears to be the case as of late. It also goes to show the entire cryptocurrency ecosystem continues to mature and traders are diversifying their portfolios.

In fact, the current total cryptocurrency market capitalization sits at US$27.544 billion. That is quite an increase compared to the same period last year, when the market cap sat at just over US$8.197bn. It is evident in the past twelve months have been critical for cryptocurrency, although it is not just bitcoin appreciating in value. In fact, bitcoins market cap only represents 67.1% of the total market cap right now, which is far lower than most people would expect.

Particularly the past 24 hours have been quite interesting for a few different currencies. Significant gains have been recorded for Ripple, as XRP gained 104.07% in value all of a sudden. The total gains would have been much higher if the Poloniex exchange had not encountered unexpected issues during the best period of XRP trading. At one point, XRP was trading well above the 7,000 Satoshi mark, before plummeting back to 4,100 once Poloniex slowly resumed their services again.

Other currencies saw intriguing gains as well. Ethereum and Monero held up quite well, with Litecoin even slowly gaining value once again. The big loser of the weekend was Dash, as the current crashed down to the US$57 mark, down from its previous high of over US$100. Then again, this situation may recover moving forward, as it seems all currencies are going full steam ahead once again. In the end, the cryptocurrency ecosystem continues to grow, and more money has poured in by the look of things.

Header image courtesy of Shutterstock

About JP Buntinx

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

View all posts by JP Buntinx

See the article here:
Overall Cryptocurrency Market Cap Surpasses US$27.5 billion ... - Live Bitcoin News

Read More..
Posted in Cryptocurrency | Leave a Comment

Bitcoin prices jump as Japan makes the cryptocurrency legal – City A.M.

April 3, 2017 | Author: admin

Bitcoin prices have surged following Japans decision to allow the cryptocurrency as a legal method of payment, marking a major step in its adoption.

The price of a bitcoin rose above $1,140 (909) according to Coindesks price index. Just over a week ago one bitcoin was trading below $1,000.

Japan's new law will mean bitcoin exchanges have to comply with anti-money-laundering and know-your-customer regulations. The cryptocurrency was drawn to Japanese regulators' attention by the spectacular collapse of the Tokyo-based Mt Gox exchange in February 2014.

Read more: Three predictions for the future of bitcoin

The push to institutionalise bitcoin had been dealt a blow by the failure of a new exchange-traded fund (ETF) tracking the currency to gain regulatory approval from the US Securities and Exchange Commission (SEC).

The SEC had been concerned by the lack of regulatory oversight in the bitcoin spot exchange market, which would allow market manipulation and fraud.

Yet the move by Japan recognises bitcoin as a valid part of the financial infrastructure, setting an example which other governments will watch closely.

Pavel Matveev, co-founder at bitcoin platform Wirex, said: Japan has fired a starting pistol in terms of cryptocurrency adoption.

Japans recognition of consumers appetite for cryptocurrency payments is an important development and provides other governments with food for thought if they wish to compete in an increasingly globalised and digital world."

Read more: Bitcoin slumps as fears of a "hard fork" deepen

Bitcoins adoption has slowly moved from the more arcane, even anarchic, corners of the libertarian internet towards being increasingly accepted in the mainstream.

However, the cryptocurrency still faces barriers to institutional take-up, with massive volatility in prices and scepticism from regulators stemming from bitcoins central role behind online black market payments.

Read more: Winklevoss bitcoin fund rejected by SEC over fraud concerns

There are also concerns within the developer community around bitcoins architecture. It is based on distributed ledger technology which means every user has an identical record of payments, stored in the blockchain.

However, the rapid expansion in bitcoin activity has led to debates about increasing the size of the blocks. Some in the bitcoin community fear a hard fork in which two competing versions of the crytocurrency exist, fragmenting a market with little central control.

Go here to read the rest:
Bitcoin prices jump as Japan makes the cryptocurrency legal - City A.M.

Read More..
Posted in Cryptocurrency | Leave a Comment

Overcome app portability hurdles of containers in cloud computing – TechTarget

April 3, 2017 | Author: admin
Overcome app portability hurdles of containers in cloud computing
TechTarget
But as more organizations turn to containers in cloud computing, there are services on the market to help, including Amazon Web Services (AWS) Elastic Container Service (ECS), Microsoft Azure Container Service and Google Container Engine (GKE).

and more »

Go here to see the original:
Overcome app portability hurdles of containers in cloud computing - TechTarget

Read More..
Posted in Cloud Computing | Leave a Comment

Teradata launches licence portability for hybrid cloud computing … – Hindu Business Line

April 3, 2017 | Author: admin

Sunil Jose, Managing Director, Teradata India (file pic)

Nice, March 3:

The US-based data and analytics company Teradata has introduced licence portability for hybrid cloud computing for its customers.

With portable database licenses, Teradata customers can now choose, shift, expand, and restructure their hybrid cloud environment by moving licenses between deployment options as their business needs change, that is, between keeping this data on-premises or on cloud or on both. This new software licensing model is the first in the hybrid cloud market to feature portability a shift away from cloud lock-in or siloed on-premises deployments. With this new facility, Teradata's customers can develop an analytic solution on the on-premises system Intelliflex and later port the same to the cloud facility, Intellicloud.

Sunil Jose, Managing Director, Teradata India, said: The new facility "delivers lower up-front costs and, with a consistent operating expenses model, makes it easier for customers to budget and predict spending patterns."

At a press conference held here, Teradata also announced an all-memory update to its Intelliflex platform. The new system has been upgraded by a move to all solid state drives, which make it possible to reduce required data centre space while also delivering an increase in processiing power. The upgrade indicates a gradual shift to solid state drives and away from hard disk drives (HDDs), as the former - whose costs were too prohibitive to be included in data warehouse appliances - sees its cost now come down. Teradata believes that SSDs will eventually be the preferred mode of storage for enterprise-level analytics appliances.

The company is also updating its solutions in the customer experiences model that will give marketers easier access to analytics, dynamic visualisations, machine learning and predictive simulations.

(The correspondent is in Nice at the invitation of Teradata)

(This article was published on April 3, 2017)

Please enter your email. Thank You.

Newsletter has been successfully subscribed.

See the article here:
Teradata launches licence portability for hybrid cloud computing ... - Hindu Business Line

Read More..
Posted in Cloud Computing | Leave a Comment

iSchool master’s program to focus on cloud computing – The Daily Orange

April 3, 2017 | Author: admin

Daily Orange File Photo

Syracuse Universitys School of Information Studies will offer a new masters degree program in enterprise data systems this fall.

Due to a rise in companies relying on cloud based data storage, Syracuse Universitys School of Information Studies will offer a new masters degree program in enterprise data systems this fall.

The program will teach students how data is processed, stored and networked primarily through cloud-based infrastructure, said Carlos Caicedo, the curriculum lead for the new program and an associate professor in the iSchool. Applications have opened for the program and will officially close June 1. Students must complete 36 credits and have to take 12 credits of selected a secondary focus area to finish the program.

The purpose of this new masters degree is to train professionals who can simultaneously sit with a CEO in a meeting and immediately design technology to complete the required data-driven tasks, said Caicedo and Jeffrey Saltz, an associate professor in the iSchool.

The traditional IT guy thats in a basement moving cables around is becoming more obsolete as companies want more well-rounded professionals, Caicedo said. The new masters program was created over the past year and a half in response to feedback from industry partners.

The employers are now asking for more of these students who can manage storing, sharing, accessing all the data, said Elizabeth Liddy, the dean of the iSchool. So we develop these programs because its responsive. We want to ensure that our students get the best jobs and that our employers are happy with how the students are prepared.

This new program is different than other programs the iSchool already offers because it focuses primarily on combining management and technical knowledge. Previously, there was not a comprehensive masters degree that merged these skills.

Companies that rely on data, such as Amazon or Google, need employees who know how to handle data on a technological level and a management level which is how enterprise data systems function, Caicedo said.

This program also teaches students how to properly design and use cloud-based infrastructure as a system in which data is stored externally.

We want people to understand not just the technology and not just the infrastructure side of data, but also how people use that data, Caicedo said.

Cloud computing is becoming more prevalent as companies acquire large amounts of data without knowing ways to store or network the data, Saltz said. Everyone has heard about the cloud, but actually getting the technology and infrastructure of the cloud to work properly takes a lot of skill, he added.

SU now offers a range of data-related programs, including this masters program, and a pre-existing business analytics program in the Martin J. Whitman School of Management and the data science program in the School of Engineerings computer science department.

The iSchools enterprise data systems masters degree has the capacity to teach students the technological components of managing data, unlike the business analytics program and the data science program.

There are lots of programs in the iSchool or Whitman or computer science that talk about building applications or the context of how to use applications, Saltz said. But theres a gap in how do we deploy the tools required to make those apps work.

The masters program is innovative in a way, because it caters to what companies have specifically said they needed, Liddy and the other iSchool professors said. The program is different because students will see both sides of the cloud: the side of the developer and the side of the user, Saltz said.

Liddy and the iSchool professors said they are confident that students, after completing the masters course, will be hired by a company to work with enterprise data systems.

In this data-driven world, you need professionals that understand all the details related to infrastructure that deals with the data, Caicedo said.

Published on April 2, 2017 at 9:12 pm

Contact Catherine: ccleffer@syr.edu

Originally posted here:
iSchool master's program to focus on cloud computing - The Daily Orange

Read More..
Posted in Cloud Computing | Leave a Comment

Alibaba cloud adopts Microsoft’s open-source networking software – VentureBeat

April 3, 2017 | Author: admin

At the Open Networking Summit conference in Santa Clara, California, today, Microsoft and Alibaba are announcing that Alibabas public cloud is starting to use Software for Open Networking in the Cloud, or SONiC, which Microsoft introduced last year.

SONiC, originally known as Azure Cloud Switch, is Linux-based open source software that runs on networking switches. Its designed to let public cloud providers do more on their hardware at great scale. Microsoft contributed it to the Facebook-led Open Compute Project (OCP) last year.

Now Chinas largest cloud provider is adopting SONiC, following Microsoft Azure itself, Yousef Khalidi, corporate vice president for Azure networking, told VentureBeat in an interview. In addition to using SONiC, Alibaba will also contribute to the softwares development.

With SONiC, Microsoft has targeted public cloud environments, but thats not to say that companies cant experiment with the core open source software, which is available on GitHub. Applications that depend on SONiC-based infrastructure could well recover more quickly following downtime, Khalidi said.

Microsoft sought to build SONiC atop Linux primarily because of the community effect, Khalidi said. Thats significant considering Microsofts legacy of commercializing Windows, but Linux is widely used on public cloud servers particularly, and even in Azure, more than one-third of virtual machines (VMs) run Linux, Khalidi said.

Other systems for building on top of data center switches include startup Cumulus Linux distribution. There is also the HP-backed OpenSwitch.

Other public cloud infrastructure providers include Amazon Web Services (AWS) and Google Cloud Platform. Khalidi was not sure if they have used SONiC.

Khalidis blog post has more detail.

Go here to see the original:
Alibaba cloud adopts Microsoft's open-source networking software - VentureBeat

Read More..
Posted in Cloud Servers | Leave a Comment

Cloud Pioneer Rackspace Adds Services Unit to Ease Migrations – Fortune

April 3, 2017 | Author: admin

Rackspace, a company that was early to the cloud computing market with its own private and public cloud products and related support, is unveiling a new professional services division to help business customers move from their own data centers into the cloud (or clouds) of their choice.

A public cloud consists of data centers that yoke together masses of servers, storage, and networking gearthat capacity is rented out to many customers. The leading providers are Amazon ( amzn ) Web Services, Microsoft ( msft ) , and Google ( goog ) . A "private" cloud is used by just one company, but the setup offers some of the flexibility of public cloud servicesallowing a company's internal departments to pay for the resources they use, and add and delete services as needed. Generally, most companies are looking to put at least some of their data, software development, and even applications into a public cloud service.

The new Rackspace Global Solutions and Services (GSS) group brings together many existing serviceslaunched over the past few years to support Rackspace customers wanting to use any of the major public clouds alongside various private cloud offerings. San Antonio-based Rackspace also sells its own private- and public-cloud products.

Rackspace has been going down this road of supporting other companies cloud efforts for quite some time.

Get Data Sheet , Fortunes technology newsletter.

The new Rackspace group targets big Fortune 500 companies as well as mid-sized businesses. Rackspace architects and engineers will work with customers to plan, assess, design, migrate, manage and optimize cloud migrations, Rachel Cassidy, Rackspace's vice president of global solutions and services, said via email.

The company will offer customers help in moving existing applications (or rewrite them) for the cloud, as well as expertise in security and compliance, the company said.

Companies pay based on a fixed price or for the time and material used or as a continuous subscription service, based on their preference.

Many companies already offer migration services, including giant global systems integrators like Accenture ( acn ) , Avanade, Capgemini Worldwide, and Wipro. IBM ( ibm ) also fields a giant professional services arm. Meanwhile, AWS, Microsoft, and Google are building out their own services as well as bolstering relationships with big integrators.

Cassidy said feedback shows that many of the global systems integrators don't have the broad-and-deep skills needed for complicated migrations, but in some instances, Rackspace partner with those companies to serve mutual customers.

Rackspace was publicly held until last year when it was acquired by private equity firm Apollo Global. Note: (April 3, 2017 11:07 a.m.) This story was updated to add Rackspace pricing options.

Read the rest here:
Cloud Pioneer Rackspace Adds Services Unit to Ease Migrations - Fortune

Read More..
Posted in Cloud Servers | Leave a Comment

Oracle secures ISO 27001, HIPAA and SOC certifications for its cloud portfolio – Cloud Tech

April 3, 2017 | Author: admin

Oracle has announced its public cloud services have achieved various security and compliance certifications, including ISO 27001, HIPAA, SOC1 and SOC2, in what the company describes as continued momentum for its products.

The Redwood giants platform as a service (PaaS) and infrastructure as a service (IaaS) has received Service Organisation Control (SOC) attestations across a variety of key services, while its Fusion software as a service (SaaS) is HIPAA-accredited and the ISO 27001 was awarded for the proper management and security of assets such as financial information, intellectual property, employee details or information entrusted to an organisation by third parties.

The move puts Oracle alongside its various industry competitors; for example, Microsofts SOC1 and SOC2 information can be found here copies of the report are only available to customers who have signed an NDA while ISO 27001 can be found here. The Oracle accreditations were administered by Schellman & Co.

Oracle is continuously investing time and resources to meet our customers strict requirements across highly regulated industries, said Erika Voss, Oracle global senior director for public cloud compliance, risk and privacy in a statement. These new certifications not only validate the reliability and security features of the Oracle Cloud; they effectively make Oracles solutions available to thousands of new customers in the healthcare and public sector industries.

Writing for this publication last year, Frank Krieger, director of compliance at cloud hosting provider iland, explained the benefits of ISO 27001. The business benefits of ISO 27001 certification are many, Krieger wrote. ISO 27001 is an effective way to reduce the risk of your organisation suffering a data breach, satisfies audit requirements and establishes trust both internally and externally that security controls are properly managed, providing customers with greater confidence in doing business with you.

Oracles efforts to become the leader in public cloud, after a slow initial start, have been well documented. The company announced total cloud revenues, including IaaS, at $1.2bn in its most recent quarter, with CTO Larry Ellison telling analysts that its next-generation data centres have capabilities which potentially dwarf Amazon Web Services (AWS). According to figures from Synergy Research, the four leading players in the cloud IaaS market AWS, Microsoft, IBM and Google remain entrenched, although singling out Oracle for its high growth rate.

You can check the full list here.

The rest is here:
Oracle secures ISO 27001, HIPAA and SOC certifications for its cloud portfolio - Cloud Tech

Read More..
Posted in Cloud Hosting | Leave a Comment