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White boxes set to shift server buying habits – Computer Weekly – ComputerWeekly.com

The latest financial results from HPE have highlighted a growing issue facing server makers around the effects of cloud computing.

In its first-quarter 2017 results, HPE reported an 11% decline in server revenue due to what CFO Tim Stonesifer described as a softer-than-expected core server market combined with some execution challenges.

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In a transcript of the earnings call for the quarter, posted on the Seeking Alpha financial blogging site, HPE CEO Meg Whitman said: Revenue was impacted by a tough market environment, particularly in core servers and storage. We saw a significantly lower demand from one customer and major tier one service provider facing a very competitive environment.

In a question-and-answer session with financial analysts, Whitman admitted that cloud computing was affecting HPEs server and storage business, but she said the company was now focusing on private and hybrid clouds, using its Synergy product range.

We are ramping our Synergy offering, weve got the power of SGI and our high-performance compute that was part of HPE, she said. Synergy is important because it allows us to provide on-premise private cloud alternatives at public cloud economics, both the total cost of ownership as well as the consumption-based pricing model. And we have now seen a number of customers move workloads off the public cloud back into an on-premise datacentre because its more cost-effective.

One of the questions raised at the HPE fiscal briefing concerned the impact of contract manufacturers or original design manufacturers (ODMs) that produce white box servers for cloud providers. Whitman would not be drawn on whether HPE was seeing strong competition from white box server makers. When asked about the lower demand for HPE servers from the tier one service provider that directly contributed to the lower server sales in the quarter, she said: Im not entirely sure. What I will tell you is that they have dramatically decreased their purchasing below commitments that they had made to us.

But it is not uncommon for cloud and service providers to choose white box servers to reduce infrastructure costs, resulting in lower sales by the major server companies. John Dinsdale, a chief analyst and research director at Synergy Research Group, said: For traditional IT infrastructure suppliers, there is one fly in the ointment hyperscale cloud providers account for an ever-increasing share of datacentre gear and many of them are on a continued drive to deploy own-designed servers, storage and networking equipment, manufactured for them by ODMs. ODMs in aggregate now control a large and growing share of public cloud infrastructure shipments.

Over the last few years, the Open Compute Platform (OCP), originally devised by Facebook, has been gaining traction as a hardware specification for hyperscale datacentre computing. White box servers that meet the OCP specification can be deployed in datacentres. Benefits include lower costs for both hardware and energy, plus interoperability and compatibility, so hardware from different manufacturers can be deployed.

As Computer Weekly has previously reported, Facebook claims that using OCP kit saved the social media site about $1.2bn in IT infrastructure costs within its first three years of use, by formulating its own designs and managing its supply chain.

In a Computer Weekly blog post, James Bailey, director of datacentre hardware provider Hyperscale IT, said that Rackspace another founding member of OCP had used the architecture to deploy white box servers for its OnMetal product. Microsoft is also a frequent contributor and runs more than 90% of its hardware as OCP, according to Bailey.

And it is not only server providers. Goldman Sachs is also believed to have a significant footprint of OCP equipment in its datacentres. Again, white box servers are being used instead of servers from the major hardware companies.

What this means is that non-traditional server manufacturers are increasingly taking market share from the established providers. In November 2016, IDCs quarterly server tracker reported that the ODM segment (white box servers) accounted for 10% of the market is terms of value, making white box servers the third-biggest server supplier with 10.3% of the overall market, ahead of the likes of Lenovo (7.9%), Cisco (7.3%) and IBM (6.9%).

Other than Cisco, all major US-based suppliers experienced significant global revenue declines year over year, while many international and smaller suppliers were able to find areas of growth, said Lloyd Cohen, research director, computing platforms at IDC. As large enterprise accounts slowed their demand for servers, small businesses and startups continued to grow their IT portfolios via non-traditional channels with innovative supply chain strategies. It will be interesting to see how this segment develops over time.

HPEs rival, IBM, is already shifting its business away from on-premise datacentre computing. IBM sold its x86 server business to Lenovo in 2014. In January this year, Ginni Rometty, IBM chairman, president and chief executive officer, said the companys shift from its core business to so-called strategic imperatives accounted for 40% of its earnings.

The full impact of the white box server makers is yet to be felt. According to analyst Gartner, ODMs are not particularly effective at dealing with enterprises and small and mid-sized businesses. Partnering with an organisation that could meet the needs of these customers more effectively would allow the white box server suppliers to benefit from more comprehensive sales and marketing programmes, according to Gartners report Lack of comprehensive go-to-market mechanisms keeps server ODMs in check for now.

The analyst warned that the biggest risk to the major server manufacturers was if and when a major systems integrator partnered with a white box server supplier, which would provide a deep customer relationship, plus sales and marketing expertise.

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Function as a service, or serverless computing: Cloud’s next big act? – TechTarget

Many developers at Expedia, the online travel giant, can disregard the need to provision servers when releasing...

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new code. They can dismiss the need to manage and maintain servers as well.

Instead, they can simply focus on their code, releasing it when their work is done without thinking about the technology stack that will run it.

"All you're doing is writing your software code and then you're packaging it and you're letting someone else worry about whether the environment is ready for you," explained Kuldeep Chowhan, a principal engineer at Expedia.

Some may dismiss this as a return to siloed practices, back before the days of DevOps when development and operations worked separately.

But coders at Expedia and a growing number of companies are embracing function as a service -- also known as serverless computing -- as the next evolution in cloud computing, moving away from the need to spin up servers as they release new functionality for apps and thus becoming more agile and responsive to changing business needs in the process.

All you're doing is writing your software code and then you're packaging it and you're letting someone else worry about whether the environment is ready for you. Kuldeep Chowhanprincipal engineer, Expedia

CIOs, analysts said, should now consider where they can adopt serverless computing to bring agility, speed, scalability and cost benefits to their enterprise IT departments.

"If I'm developing software, I don't care about the machine it's running on. I care about my ideas and getting it to the users as fast as possible and as cheap as possible. That's what serverless offers by giving me a platform that can take software code straight into the servers and provide it then to my end users," said Karoly Sepsy, a DevOps consultant with consulting firm Contino.

Function as a service/serverless computing (also known as serverless architecture) is an event-driven compute service offered by cloud providers which executes the code, or function, only when needed.

"Serverless is the next step in cloud IaaS, making it easier to scale [and] take advantage of more complex automation areas -- all without having to administer servers and without having to pay for server capacity when not using them," said Holger Mueller, principal analyst and vice president with Constellation Research.

Vendors in this space include AWS Lambda (the first on the market, introduced in 2014), Google Cloud Functions, IBM OpenWhisk and Microsoft Azure Functions.

Function as a service/serverless computing differs from cloud computing in a few key ways, and those differences are what produce its benefits as well as the challenges associated with using it.

When using serverless computing, coders upload code snippets packaged as a function that carries out a specific task. The code only runs when triggered by an event. But while the coder is responsible for the code itself, the service provider manages the compute stack that runs it; the provider automatically provisions the compute and storage resources needed for that function.

Users (generally enterprise IT departments) then are billed on a pay-per-use basis, determined by the number of requests served and the compute time needed to run the code, metered in increments of 100 milliseconds. On the other hand, if the code is never triggered, the user is never billed.

Serverless computing differs from other cloud services, such as Infrastructure as a Service and Platform as a Service, in that under those cloud versions, users must spin up virtual machines for their applications and also deploy codebase as an entire application.

"With function as a service, the infrastructure is completely hidden from the consumer, and it's event-driven, so your function can run when it's required to run and not at other times," Sepsy said.

Those distinctions matter, he and other analysts said.

One of the biggest benefits with serverless computing, cited by users and analysts, is the reduced cost that comes for paying only when the code runs.

"You can get away with using less compute capacity for your systems," Sepsy says.

Expedia, for instance, paid only $550 a month for 2.3 billion computations in AWS Lambda in December, Chowhan said, explaining that it was multiples less than what the company would have paid with a traditional cloud deployment of the code.

Scalability is another cited benefit. "You can serve extreme spikes in traffic," Sepsy said.

Function as a service also helps users achieve faster speed to market with their code.

"You're only writing the actual function code that runs. If you don't have to spend the effort on creating and maintaining infrastructure automation, you don't have to write the code to control the infrastructure, you don't have to worry about running containers or virtual machines, so you can move faster," said Donnie Berkholz, research director for development, DevOps and IT Ops at 451 Research.

Serverless computing won't work well in some circumstances, though, and it does present challenges for enterprises looking to use it.

For starters, not all programs work well in function as a service, analysts and consultants said. Enterprise IT leaders would likely find it hard to justify, at least at the start, breaking down monolithic applications into functions.

Also, extremely long-running jobs and highly parallel jobs that require a lot of communication between them while they're running aren't good candidates for use with this technology, Berkholz said. Nor are functions where there's a great deal of data transfer between public and on-premises systems.

"They won't work well for cost reasons or responsiveness," he said.

Analysts and consultants also noted some challenges and limitations that users will have to consider if moving to function as a service.

First, organizations need to remember that function as a service vendors have certain parameters, particularly around the languages used, noted Jordan Taylor, a DevOps practitioner with Contino. Lambda, for instance, currently only supports Node.js, Java, C# and Python.

Companies might also be limited in their ability to move to function as a service if don't have the right skills or practices to fit with this new way of working. "You could have the most perfect piece of technology, but if it's not with the right workflow or technical configuration or process, it's not going to work," Taylor said.

To that point, Chowhan said IT will need to develop a self-service capability for coders to deploy. "It's something critical for the enterprise [to be successful]," he said.

Additionally, Berkholz said users will have to learn to effectively manage the greater numbers in their software stack if moving to function as a service.

"To know what's there, so you can [for example] understand how secure it is and whether there are updates, enterprise IT will have to manage it differently. A lot of the [management] software today works with that at a small scale," he said. "But as you grow with FaaS [function as a service], you could go from [managing] one monolithic application with 1 million lines of codes to [managing] bits of 200 lines of codes in functions that's 5,000 functions."

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The Doyle Report: Outages, Upgrades, Awards and More – MSPmentor

Theres a lot of news to cover. Lets get to it.

First Up: #pwcfail meet #awsoutage For two whole days, it didnt seem like anything could top the flub at the 89th Academy Awards. But the confusion at the Oscars may have found its match in the outage in the cloud.VentureBeat reports Airbnb, Business Insider, Docker, Expedia, News Corp, Pinterest and Slack were among the many impacted by the outage at AWS on Tuesday. Our own Nicole Henderson, editor-in-chief (EiC) at Talkin Cloud, put together a terrific story that explains the entire mess and what people had to say about on Twitter and beyond.

Many on Twitter were quick to gloat about the availability of their own cloud offerings or web hosting services, but others were a bit more forgiving, writes Henderson, who linked to an equally compelling story penned by our own Yevgeniy Sverdlik, EiC at Data Center Knowledge. His story is entitled, No Shortage of Twitter Snark as AWS Outage Disrupts the Internet.

Next up: Independence IT Upgrades Cloud Workspace Platform Also on Tuesday, Feb. 28, IndependenceIT unveiled Cloud Workspace Suite version 5.1, an upgrade to the integrated automation software platform that was last updated at the end of 2016.

This time around, IndependenceIT has added support for Windows 2016 Session Server, full stack support for Microsoft Azure Resource Manager, support for Office 365 single authentication, Hypervisor/Cloud Direct template management and administrator defined automation.

Thats a lot of stuff from the company that has been working hard to establish itself at the forefront of cloud application and data management solutions for IT administrators. Last September, IndependenceIT announced the general availability of the companys App Services Delivery Platform and the launch of a new channel program for ISVs, MSPs and other organizations interested in leveraging the companys technology to deploy app services.

As mentioned, the company announced Cloud Workspace Suite 5.0 last year with a bevvy of improvements including improved API support and a new user interface. This was followed by news in December that sales of Cloud Workspace Suite rose 70 percent from 2015 to 2016. For insights on the latest upgrade from the company, I turned to IndependenceIT CEO Seth Bostock and CTO and Co-Founder Chip Buck.

Seth Bostock, IndependenceIT

Bostock said the latest upgrades are all about helping business partners better manage customers and get paid quicker. The duo also shared some thoughts on the success of their APIs, which were changed from SOAP-based to REST-based when the company upgraded the workspace suite from version 4.x to version 5.x.

To date the company has attracted a fair amount of developers from the channel but not enough.

When IndependenceIT first developed its workspace platform, it figured most partners would leverage the API and build their own products. That didnt happen as planned so IndependenceIT would up building a common interface so third-parties wouldnt have to. That said, the companys original vision is now coming together as more channel companies step up their development efforts.

Consuming an API to extend a product or service or create your own from scratch is a complicated process that requires planning and desire, and the ability to execute. Not every partner, obviously, has that capability, says Buck.

The fastest growing part of its channel, Bostock says, is the number of those moving their workloads into the cloud so they can expand their geographic reach. This includes companies both large and small. As they do, the can jump into new vertical markets and expand into areas like intellectual property development.

What else? How about some more awards? No Im not talking about the Oscars, but some IT consultants and service providers instead.

On Tuesday, for example, Insight announced that it had been named Corporate Reseller of the Year by Veeam Software. Insight was also recognized in February by Gartner in the Magic Quadrant for Managed Workplace Services, North America.

Speaking of top IT companies, the Everest Group announced the winners of its 2017 IT Service Provider of the Year Awards in mid-February. The awards leverage the PEAK Matrix Reports produced by the Dallas-based research and consulting company. As it has done previously, Everest Group identifies what it considers to be the Top 20 global IT services company.

This year, the No. 1 company is Accenture, which bumped last years top performer, Cognizant, down to No. 2. In addition to Accenture, four other companies improved their PEAK matrix rankings: Atos (from No. 15 to No. 10), Capgemini (9 to 7), CSC (10 to 8) and VirtusaPolaris (16 to 15).

If youre into big IT services, its definitely worth a look.

Lastly: A thought on the ever-expanding role of a world-class channel chief In January, I teamed with Impartner to write an ebook entitled the 9 Attributes of a World-Class Channel Chief. In the book, I identified organizational influence as one of the top traits.

Which brings me to Bill Corbin, senior vice president of Strategic Partnerships and Channel Operations at CenturyLink. Corbin is joining the Penton Technology Think Tank, which youll be hearing a lot more about this Spring. But the reason I mention him today is the scope and influence of his role.

If youre not familiar with him, Corbin helped build the Weston channel into a $6 billion powerhouse. To help CenturyLink grow its business through partners, hes taking a holistic view of partnering. This includes amassing authority over everything CenturyLink does when it comes to partners. This includes go-to-market channels, development partners and alliances.

Bill Corbin, SVP, CenturyLink

Whether youre a single agent offering the companys cloud services, a software development house building apps to run on the CenturyLink network, or even a tier one vendor like Cisco that aligns with the company, youre likely to encounter Corbin and his strategy.

There arent many in the industry with such a wide purview. (VMware Senior Vice President Ross Brown is another example.) But my gut says the number of execs who are given total ownership of partnering will grow as more organizations see the value of coordinating activities of their entire ecosystems of partners.

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Markets Update: The Top Ten Altcoins Then and Now – Nigeria Today

While bitcoins price cracked a new all-time high of US$1,220, the top ten alternative cryptocurrencies also got a lift from the spike. The rise in bitcoins price has brought back a lot of memories from 2013s upswing, but there are considerable differences in altcoin markets between bitcoins two massive bull runs.

Also read:IOHK Initiates Cryptocurrency and Blockchain University Network

On February 23, 2017, the price per bitcoin reached a high of over $1,200 across many global exchanges. The price surpassed 2013s high of $1,165 under new circumstances and an entirely different cryptocurrency environment. These days, there are countless new tokens, ICOs, and over 700 altcoins trying to compete with Bitcoins extensive network.

Back in 2013, there were far fewer altcoin rivals in existence as bitcoins price hit $1,083 per BTC on December 1st that year. Furthermore, the top ten altcoins with the highest market capitalizations were entirely different than todays index. The only two altcoins that remain in the top ten today from December 1, 2013, are Litecoin and Ripple. During that time, Litecoin got a significant boost from bitcoins price spike as the price per LTC was $39.

Besides Litecoin and Ripple on December 1, 2013, the top ten cryptocurrency market capitalizations were coins such as Peercoin, Namecoin, Megacoin, Feathercoin, Worldcoin, Primecoin, Freicoin, and Novacoin. At the time, one Peercoin (PPC), the first proof-of-stake token [Editors Note: Peercoin still uses proof-of-work for important parts of itssystem], was around $7 and held the fourth highest cryptocurrency market cap.

However, Peercoin now holds the 37th position and is only worth 30 cents per PPC. Many of the other cryptocurrencies that used to be in the top ten range are either close to worthless or have non-existent communities. Nevertheless, many of these altcoin community members promised more advanced cryptocurrency tech, and tales of one-day conquering bitcoins lead.

Currently, there is a whole new list of cryptocurrencies that hold the top ten market cap positions. Bitcoins price is hovering around the $1,150-$1,175 range, and the altcoins below have been having their own smaller price spikes as well. The second highest cryptocurrency market cap is Ethereum, resting at over $14 per Ether at the time of writing. Ripple XRP holds the third position this year, as it did in 2013.

The fourth largest market is currently held by Dash, which has just recently acquired the position. Dash has seen a meteoric price rise over the past few months, and one Dash is currently priced at over $27. The coin that used to hold the second highest rank in 2013 was Litecoin which now holds the fifth largest market. Litecoin has not seen a significant lift from bitcoins price rise this time around as the price per LTC is around $3.80.

The rest of the gang holding top ten positions in 2017are coins such as Monero, Ethereum Classic, Maidsafecoin, NEM, and Augur. One notable coin thats been moving up the ladder over the past two weeks is Zcash (ZEC), which now holds the 15th rank and is priced at $29 per ZEC.

Things have changed quite a bit since the bitcoin price spike in December of 2013. Many of the altcoins that were hot then havent done well over the course of the last four years. The question is, will altcoins like Ethereum, Monero, and Dash still hold their weight four years from now? A lot of the tokens today are quite different from mere reproductions of Bitcoin, Litecoin, and Peercoin derivatives. Some believe cryptocurrencies today have more to offer than the altcoins of the past with concepts such as governance platforms, pure proof-of-stake, newer anonymity methods, and smart contracts. And there will always be those who believe that the current top ten altcoins are just as worthless as they were in 2013.

What do you think about the top ten cryptocurrencies of the past compared to the top ten of today? Let us know in the comments below.

Images courtesy of Shutterstock, and Coinmarketcap.com

Whats the quickest way to see the current bitcoin price in your local currency? Click here for an instant quote.

The post Markets Update: The Top Ten Altcoins Then and Now appeared first on Bitcoin News.

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A Binary Bet on the Bitcoin Twins – Bloomberg

Bits, the units of information that underlie any digital currency, have only two values: zero or one. Perhaps it's time investors were reminded thatbuying bitcoin is a similarly binary wager.

The virtual asset is trading at a record,shrugging off a campaignby the People's Bank of China to control trading. Underpinning its rise is the hope that American entrepreneursCameron and Tyler Winklevosswill succeed in their attempt to create thefirst bitcoin exchange-traded fund.

On March 11, the twins are expected to receive a final decision from the U.S. Securities and Exchange Commission on whether they can list their ETF.Afavorable outcome would create a precedent and pave the way for other providers. There are two more fundsseeking a review from the regulator -- one of which already trades over the counter -- and talk abounds of many more.

Investors who have driven bitcoin's price above itsNovember 2013 high of $1,137 are betting that the advent of bitcoin ETFs will spur demand foran asset class withlimited supplyand cause prices to extend their climb.

High Hopes

Investors are betting that the first SEC-approved bitcoin ETF could spur demand

Source: Bloomberg

What they may be missing is the possibility that the Winklevoss twinswill fail. A contract created by Bitcoin Mercantile Exchange, a cryptocurrency derivatives trading platform, to bet on the possibility of approval of the Winklevoss ETF, showed favorable odds of only 34 percent on Monday.

Odds of SEC approval

34%

In spite of employing lawyerKathleen Moriarty, a legend in the ETF world, the Winklevosses have been forced to wait since July 2013as the regulator takes its time to determine whether the digital currency can be considered an asset class. Even the lawyers working for the twinsinitially didn't want to take the case because they thought bitcoin might be a Ponzi scheme.

All the while, the twins have been amending their filing in an attempt to convince the SEC. The latest bull run started shortly after their most recent addendum, registered on Jan. 20, which among other things requested a larger initial issue size for the fund.

Along the way, they've added settlement systems in order to establish the bitcoin price and determine the net asset value of the ETF at the end of every day. (Conveniently, that process will happen on the Gemini exchange, owned by the Winklevosses.) They've also added insurance, so potential hacks shouldn't be an issue.

Yet for all their bending over backward, they have yet to win an endorsement from the regulator, which stilloperates mostly on legislation enacted in 1933. The U.S. government simply may not be ready to give the stamp of approval to bitcoin that allowing an ETF would imply.

In the more likely outcome of an SEC rejection, bitcoin could quickly drop back to the sub-$800 levels tested after China's latest crackdown was unveiled in January. That would be a drop of about a third from the current price. Meanwhile, the upside in the event of approval is unclear.

The launch of the first Gold ETF was hardly bullish. For the first year of its existence, themetal's price actually dropped. Eventually, it took off, but more as a resultof the turmoil unleashed by the global financial crisis than on its own merits.

Fall to Rise

In the first year of the pioneer gold ETF, the yellow metal's price actually dropped

Source: Bloomberg

Put simply, the downside for bitcoin is potentially much bigger than the upside -- at least in the short term. The digital currency's future has never been this binary. Unlike with programming code, though, one of the two alternatives isn't zero: It's a deeply negative number.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

(Updates fifth paragraph withBitcoin Mercantile Exchange contract.)

To contact the author of this story: Christopher Langner in Singapore at clangner@bloomberg.net

To contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.net

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Bitcoin mining operations follow cheap power to rural Sichuan – TechNode (blog)

Editors note: This was contributed byLinda Lew, a freelance writer based in Beijing, currently studying for her Masters in Global Business Journalism at Tsinghua University. Before moving to China, she worked in New Zealand in cross-cultural communications focusing on the Asia Pacific region. She is interested in start-ups, technology, economics and the arts.

Bitcoin has proliferated in China so much that 70% of the worlds bitcoin computational power is concentrated here. Many bitcoin mining operations have even sprung up in power stations deep in rural Sichuan hillsides, an unexpected place to be associated with a blockchain-based digital currency.

As Bitcoin Mining explains, mining is a way to reward those who contribute computational power to the Bitcoin network by converting electricity. Miners are rewarded by bitcoins or the transaction fees included in the transactions validated when mining bitcoins. It can be easy to start mining for bitcoins: the required computer hardware and software are readily available. What is hard to do, however, is to mine bitcoins profitably.

Locations with cheap power will have a definite advantage. At Sichuans Leshan city, where many large scalebitcoin mines are based, the rate for commercial use electricity during the wet season is around RMB 0.5 per kilowatt. This is less than half of the rate in metropolitan centers, such as Beijing where commercial power costs around RMB 1.28 per kilowatt.

Sichuans is rich in hydroelectric resources, Ke Lei, a bitcoin mining supervisor explained in an interview (in Chinese). When in season, the hydropower stations generate more than whats needed and the electricity actually ends up being wasted. Why dont we make the most of this and turn the wasted power into Bitcoins?

Estimates say that there are over 10 thousand bitcoin mining machines hooked up to Sichuanese hydropower stations. National Business Daily visited(in Chinese) the largest Bitcoin mining operation in Leshan, where there are over 5,800 machines going. In total, they generate on average 27 Bitcoins each day. Power accounts for 60% of the operational costs, with labor, broadband and other utilities making up the rest.

However, where there are opportunities, there are also risks. Seasonal variation in the electricity rate is an issue when mines have to be moved to ensure that the power cost remains low. The volatility of Bitcoin pricing as well as unfavorable regulations are factors that can turn business unprofitable in the blink of the eye.

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Dash Is Now the Fourth Biggest Cryptocurrency with $200m Market Cap – Finance Magnates

Privacy focused cryptocurrency Dashs recent rally is still going strong and it is now carrying the project to never-before-seen heights. Dash is now the fourth biggestcryptocurrency in circulation by valuation with a totalmarket capitalization of $200 million.

Since we last reported on the rally ten days ago, Dashs price continued to climb from around $19 to over $28 right now. And over the last week alone, theexchange ratehas jumped by about 28%. The move is supported by strong trading volumes as well, as about $4.5 million worth of buying and selling of Dashs cryptocurrency has taken place just over the lastday much higher than its previously typical daily volumes.

Dashs recent price and volume growth is largely attributed to its recent software launch of Sentinel, which sets the foundation for its decentralized payments system Evolution. In addition the company has made several key integrations with new partners recently.

On ThursdayDashsigned a business partnership with digital payments platform BlockPay that allows people to pay for goods with the cryptocurrency.

Headquartered in Munich, BlockPay is popular particularly in Europe and Latin America for enablingPoint of Sale (PoS) transactions at no cost to the merchant and low fees for the consumer. It boasts a team of over 50 representatives in 36 countries, each working on securing the platform implementation in hundreds of convenience stores, grocery marts, gas stations, supermarkets, hotels, and ecommerce outlets.

Daniel Diaz, Dash VP of Business Development, said: Dash is a project that has been focused a lot on usability as digital cash, and we want people to have a similar experience doing both online and Point of Sale transactions. BlockPay has taken solid steps in this direction, developing software to make it easier for brick and mortar shops to accept digital currency seamlessly.

Dash joins several other leading cryptocurrencies available for use on the BlockPay POS platform, including Bitcoin, Ethereum, Steem, Litecoin and Dogecoin. Cryptocurrency users can pay at BlockPay terminals by scanning a QR-Code or tapping their phone on the NFC-Terminal. The payment and settlement process takes just a few seconds.

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SBXbank to launch cryptocurrency-powered marketplace ‘Coinxmart’ – EconoTimes

Monday, February 27, 2017 5:28 AM UTC

SBXbank, a fintech company headquartered in London, is going to launch Coinxmart a unique marketplace where transactions are carried out using cryptocurrencies, Jakarta Globe reported.

Speaking with Jakarta Globe, SBXbank's Asean vice president of marketing Abdul Rahman said that company intends to sink up to Rp 100 billion ($7.5 million) into developing fintech services that offer e-commerce, peer-to-peer investment and lending, all of which will use a cryptocurrency.

Rahman further said that Coinxmart will be launched in Indonesia, alongside its iOS and Android apps, in May. SBXbank's proprietary cryptocurrency SBXCoin will be used in the marketplace.

He noted that the prospects of cryptocurrency is positive in Indonesia as it can also be used in many traditional banking services, including lending, deposit, payment and transfer.

"Soon fintech products will be used widely in all aspects of the financial industry's value-chain," Rahman added.

SBXbank is currently negotiating with Indonesia's Financial Services Authority (known as the OJK) to convince them that fintech services, including its cryptocurrency, are safe for the customers. Rahman is hopeful to convince OJK that the cryptocurrency is safe and cannot be easily used for money laundering activities particularly as SBXbank strictly follows know-your-customer (KYC) policies.

"We have to build public awareness of crypto currency. We have to let the public know the advantages of using crypto currency," he said.

In order to give time to the customers to familiarize with SBXCoin and promote its use, SBXbank intends to allow up to 30 debit cards to be used in the marketplace.

"There's no physical money in the internet, everything will be done using SBXCoin eventually," he said.

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Excerpt from:
SBXbank to launch cryptocurrency-powered marketplace 'Coinxmart' - EconoTimes

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Global Resource Coin: Invest in natural resources with cryptocurrency – ThisisReno

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Global Resource Coin (GRC) is the first cryptocurrency in the world specifically created for casual users, who want to obtain resources from the investment point of view. Cryptocurrency was developed in 2013, however after long registration procedures, contracts signing and creation of a special licensed trading platform, the official launch only took place at the beginning of 2017.

So what is the uniqueness and peculiarity of the GRC? It is quite simple: global corporations and governments in many countries do not allow ordinary people to become engaged in investing in natural resources. In order to do this, you need to have a considerable amount of money, a special financial education and a special license. However, cryptocurrency GRC solves this problem. Due to the fact that GRCs trading marketplace has a specialized license, anyone is able to invest their savings in a particular natural resource, whereas cryptocurrency acts as an intermediary between users from all over the world.

Due to a great interest demonstrated from international producers and developers of minerals and natural resources, GRC has introduced proprietary cryptocurrency code, which will valid until 2018. It was created in order to secure the process of mining and users activity against possible hacker attacks. However, at the beginning of 2018 cryptocurrencys trade will be deployed on the worlds largest stock exchanges, specializing not only in cryptocurrency, but also on commodity exchanges, such as NASDAQ.

The group of GRCs cryptocurrency developers is headed by Tomas Beran, a well-known developer from Czech Republic, who belongs to the famous family of Berans billionaires. At the end of 2016 a number of international media have published information about the beginning of operations on the trading platform, using GRCs cryptocurrency.

Therefore, GRC is the first cryptocurrency in the world based on natural resources. We all know that any investment is a high risk. But our platform helps to minimize those investment risks, offering the most relevant sources of income. Hundreds of GRCs platform specialists analyze all the offers on the natural resources markets on a daily basis and select only the most interesting ones for our users. This way, each of you can take advantage of the offers that appear daily on our platform.

In addition, from the year 2018 GRCs cryptocurrency rate is expected to grow due to its social usefulness and relevance. For this reason, you can use our cryptocurrency not only as an investment tool in natural resources, but also as a cryptocurrency that is followed by a perspective financial future.

Start changing your life right now and register on the GRC platform.

Global Resource Coin: https://grcoin.eu/

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Nimble offers Nimble Cloud Volumes all-flash cloud storage – ComputerWeekly.com

Nimble Storage has announced the availability of Nimble Cloud Volumes, a Nimble-run cloud storage service that allows customers to provision cloud-based capacity to compute instances in the Amazon or Microsoft clouds or for their on-premise compute.

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Using the service, Nimble customers will be able to provision, via a Nimble web portal, block storage volumes that physically reside on on Nimble-owned all-flash infrastructure, initially on the east and west coast of the US, but later to be extended elsewhere.

Cloud storage volumes available in gold, silver and bronze service levels created by customers are then presented as storage for Amazon Web Services (AWS) and/or Microsoft Azure cloud compute instances.

Features available to Nimble cloud customers will include backup and recovery, cloning and the ability to use the service for burst workloads.

Nimble pre-sales technical consultant Rich Fenton said customers can expect sub-millisecond latency with six-nines availability.

We typically find customers reluctant to use the cloud because the resiliency is not enterprise grade, he said. Its for customers that want persistency in cloud storage, that they wouldnt have been able to find in the past, and for those that are concerned about cloud supplier data lock-in.

Fenton said likely use cases for Nimble Cloud Volumes would be web hosting, email, collaboration, customer relationship management (CRM), enterprise resource planning (ERP) and HR apps.

A key advantage touted by Nimble is that data can easily be ported between cloud services. It is often a concern of potential cloud customers that data that resides with one cloud provider might not be easily moved to another. Nimble guarantees that will not be the case with its Cloud Volumes.

Customers will potentially be able to use Nimble Cloud Volumes as tiers of storage in conjunction with on-premise capacity but there will be no automated tiering capability between them.

Nimble Cloud Volumes will initially cost $0.10 per gigabyte a month.

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Nimble offers Nimble Cloud Volumes all-flash cloud storage - ComputerWeekly.com

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