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Bitcoin Price Watch; Here’s What’s On Tonight – NEWSBTC – newsBTC

Here's a look at what we are focusing on in the bitcoin price this evening.

So that is another day out of the way, and it has been a pretty interesting one as far as volatility is concerned in the bitcoin price. When we kicked off the session this morning, we noted that action over the weekend had been relatively flat, And that we were hoping for a spike early in the session in order to get things moving again. As it turned out, we did get the volume spike, but it pushed price down, and we ended up tradinglower than we were when we first started the session. This isnt a bad thing for our intraday strategy we get in both long and short depending on where action takes us but from a long-term holding perspective, it is not great.

Anyway, thats the way things have fallen, so lets move into this evenings session and try and outline some key levels to keep an eye on moving forward. As ever, take a quick look at the chart below to get an idea of the levels in focus.

As the chart shows, the range we are looking at this eveningis defined by support to the downside 1055, and resistance to the upside at 1065. With around a $10 range, there is just enough to go out from an intrarange perspective, so long at support andshort at resistance. Stops just outsideof the entry to define risk. From a breakout perspective, if we see price break through resistance, we will enter long towards an immediate upside target of 1075. A stop loss on the trade at 1061 defines risk. Conversely, if price breaks below support, we will enter towards 1045. On this one, a stop at 1058 will work to take us out of the trade in the event of a price reversal, and ensure that we are not stuck on thelosing end of an irretrievable position.

Charts courtesy of SimpleFX.

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Cryptocurrency exchange Bitsane adds AdvCash, DASH and ICN … – EconoTimes

Tuesday, February 7, 2017 4:35 AM UTC

Ireland-based cryptocurrency exchange platform Bitsane has added the support of AdvCash, DASH and Iconomi transactions. Bitsane users can now trade DASH and Iconomi (ICN) for Dollars and Euro and can also make deposits and withdrawals in AdvCash.

With the addition of more cryptocurrency, Bitsane aims to continue being a fast-growing, easy to use and a reliable solution for trading blockchain assets. Full trading functionalities are open for DASH and ICN and cross-pairs are also enabled.

After evaluating a number of crypto currencies for inclusion on our exchange platform, it soon became clear that customer demand for DASH and ICONOMI was particularly strong. That is why we are excited to be able to respond to our customers requests in this way, Aidas Rupsys, CEO at Bitsane, stated in a release.

Being an open source peer-to-peer cryptocurrency, DASH provides instant transactions (InstantSend), private untraceable transactions (PrivateSend) as well as token fungibility. On the other hand, ICN, a new cryptocurrency, enables investors to invest in the early stages of a project, making it possible for big profits.

Bitsane bitcoin exchange has also introduced the integration of AdvCash, a popular e-wallet service by Advanced Cash company. With this integration, users can deposit and withdraw money to/from their Bitsane account using AdvCash wallet.

The digital currency exchange platform stated that in the coming months, it aims to add more crypto-to-fiat and crypto-to-crypto trading pairs in a move to cater to their users needs.

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Cryptocurrency exchange Bitsane adds AdvCash, DASH and ICN ... - EconoTimes

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Cryptocurrency wallet KeepKey adds Dash to roster – EconoTimes

Tuesday, February 7, 2017 6:18 AM UTC

KeepKey, a Washington-based bitcoin hardware wallet provider, announced that Dash cryptocurrency is now in public beta on its wallet.

With this addition, KeepKey users can safely store Dash on the device and also can do that with KeepKey client itself. Dash will be joining the likes of Bitcoin, Ethereum, Litecoin, and Dogecoin and the cryptocurrency stands in the seventh position among blockchain assets by market cap.

KeepKeys support for Dash also extends to ShapeShift. With the addition of Dash, users can now exchange 20 unique currency pairs in the KeepKey client, the announcement stated.

The KeepKey client will open a new stand-alone window that offers more accessible and user-friendly interface. Unlike the drop-down window, this window can be moved or resized.

Users can download Dash public beta from their chrome web store and must make sure to uninstall or disable any existing KeepKey Chrome Apps or Extensions prior to installing.

The bitcoin hardware wallet stated that it will be continuing to expand its first-class security platform to the digital assets based on the users' demand.

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Cryptocurrency wallet KeepKey adds Dash to roster - EconoTimes

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Top 6 Rare Cryptocurrencies – The Merkle

In the world of cryptocurrency, there is a lot of focus on bitcoin and other major currencies. However, there are quite a few altcoins who take the concept of creating a scarce supply to extreme measures. Although scarcity alone does not give a cryptocurrency intrinsic value by any means, it goes to show it can create an illusion of value over time.

The current cryptocurrency with the absolute lowest supply of coins to be recorded so far is bitGold. Its supply only has 10.2299 coins right now, all of which are quite valuable. In fact, the market cap of US$14,473 may look small, but it does mean every BTGOLD is worth over US$1,400. Unfortunately, bitGold only had less than US$100 worth of trading volume in the past 24 hours, making this cryptocurrency less than attractive to investors.

Rather than trying to create an altcoin with a fancy name, 42-coin simply illustrates the available coin supply. All 41.9999 coins have been brought into circulation, establishing a market cap of US$32,019. Not necessarily a favorite altcoin either, as its volume is even lower than bitGold right now.

Quite a few altcoins have tried to piggyback on the Bitcoin name, including bitBTC. With a supply of 43,8132 it is almost as scarce as 42-coin and generates slightly higher trading volumes. The market cap of US$46,854 is not bad, considering bitBTC has no real world use yet.

Not every altcoin with a smaller supply is worth next to nothing. Jinn is one of the few currencies bucking the trend as every one of the available 56,703 coins is worth US$6.56 each. This puts its market cap at well above the US$280,000 mark right now. Dont be surprised if you have never heard of Jinn, though, as its use cases are virtually non-existent.

One of the surprise entrants on the list of low-supply yet valuable alternative cryptocurrencies goes by the name Byteball. Under the GBYTE ticket, a total supply of 100,000 coins has been made available. With every coin surpassing the US$87.24 value, the market cap is on its way to surpass US$9m. Byteball also generated nearly US$120,000 in trading volume over the past 24 hours, making it quite successful in its own right.

When ZCash launched not too long ago, it became clear the supply of this currency would remain somewhat limited for quite some time. With just over half a million coins in circulation right now, the price per ZEC found a new home around the U$38.82 mark. It is intriguing to see this privacy-centric currency reach a market cap of nearly US$23m in such a short amount of time, though. ZCash continues to generate a fair amount of daily trading volume as well, making it quite a popular cryptocurrency.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

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SibCoin Meets the Needs of Russian Cryptocurrency Community … – newsBTC

SibCoin is developed on a fork of Dash cryptocurrency platform. Dash is currently the sixth largest cryptocurrency in terms of market capitalization.

The cryptocurrency industry is flooded with hundreds of altcoins. The open source nature of many cryptocurrency platforms offers an easy way to create and deploy new altcoins. However, unless these altcoins serve a specific purpose or solve a particular problem, they will eventually fade into oblivion.

SibCoin, short for Siberian Chervonets is one such altcoin which is out there on a specific mission meeting the blockchain needs of the Russian community. SibCoin is developed on a fork of Dash cryptocurrency platform. Dash is currently the sixth largest cryptocurrency in terms of market capitalization. The highly successful SibCoin recently broke the record after its masternode network volume surpassed that of its parent coin. With increasing adoption, the gap between Dash and SibCoin continues to widen.

Unlike other cryptocurrencies, SibCoin has a unique advantage. The digital currency is created by a group of Russian developers, for the Russian community. In a country where the Western concepts are taken with a pinch of salt due to decades of mistrust, a home-grown cryptocurrency is much easier to accept.

Also, in Siberia and many other Russian cities, people feel that their contributions to the countrys economy are underappreciated. They are also fed up with corruption and bureaucratic inefficiencies plaguing the system. They believe that blockchain, with its transparency, can be a solution to all these issues.

SibCoin has broken the barrier which Bitcoin was unable to surpass since its inception. The creators of SibCoin have made further improvements to the Dash protocol by employing additional encryption algorithms to make it much better and more adaptable among the Russian population. At the same time, the SibCoin team is also involved in active promotion and awareness campaigns across Russia to familiarize the population to SibCoin and blockchain technology in general.

As the SibCoin community grows, the cryptocurrency could turn out to be the driving force behind the countrys blockchain revolution.

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Cryptocurrency: Now in Crimea – Eastern Daily News

While some countries are busy trying to come up with laws to regulate the use of cryptocurrencies, others are busy coming up with laws to legalize digital currencies. In light of the events by the European Commission, member countries of the European Union are coming up with laws to regulate Bitcoin. Russia has however not made such steps, instead its doing the opposite. Last year Russia announced that it considers Bitcoin transactions and exchanges as legitimate in the eyes of the law. This was good news to the Cryptocurrency world considering that Russia is a country where laws relating to capital control are more strict than in most countries.

Dmitry Marinichev, Russias internet ombudsman, has made suggestions to bringthe use of cryptocurrencies to residents of Crimea. With Crimea in need of investors, Mr. Marinichev believes that opening of Cryptocurrency exchanges will help to attract new investors to this region. For this to be successful, a free economic zone will have to be created within the peninsula. Mr. Marinichev also had this to say on regulation of Cryptocurrencies in Russia: Today Crimea is an exclusive economic zone, which makes it possible to start with the opening of Cryptocurrency exchanges operating there absolutely legally. As a result we will see the actual legalization of Cryptocurrencies.

The head of the Working Group For the Assessment of Risks of Cryptocurrencies in the state of Duma of the Russian Federation, Elina Sidorenko highlighted that using Cryptocurrency instruments for international transactions would improve the banking climate on the peninsula. There is truth to that sentiment because major players in the banking industry do believe that the blockchain technology, which is the technology behind cryptocurrency, is the future of global financial system.

There is a significant number of regions in Crimea, which are unbanked. Residents of these unbanked regions of Crimea now have good news because transactions involving digital currencies do not need banks to be validated. Cryptocurrencies are completely decentralized and the blockchain technology ensures that transactions are validated, hence detecting any fraudulent or unauthorized transactions. Alex Fork, CEO of Humaniq had this opinion on the unbanked regions: Unbanked regions usually consist of a financially poor population. the most important thing is to provide them with a new technology available absolutely free of charge.

There have been countries, mostly in the European union, that in recent times are trying to regulate digital currencies because of criminals using them to commitillegal operations. These unbanked regions provide a chance to experiment and finally make a sound decision regarding digital currencies. The residents of these unbanked regions also get a chance to enjoy the exciting advantages of cryptocurrencies. This move by Russia provides a win-win situation for both the regulator and the residents. Its always good news in the cryptocurrency world when a new country joins.

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Zadara finds storage managers’ #1 wish is a scalable cloud – ComputerWeekly.com (blog)

There was a dodgy* old joke about a glass of beer that re-filled itself when you had drunk it. The unwritten premise was that thats what everyone (well, men in the 1970s, I presume) would want if they could get it.

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But, what would storage managers wish for if they could get it? Something similar, one would think, given the ever-present headache of data growth. IE, storage capacity that is easily scalable, usually upwards, but downwards too when you need it. IE, cloud storage.

Well, Zadara Storage which makes software-defined storage that can be used in the cloud asked 400 people who manage storage in the UK, US, and Germany what their #1 wish in 2017 would be.

The largest chunk (33.25%) answered cloud storage that scales up or down according to my organisations needs, with no appreciable difference in results between the three countries.

That wish was expressed by about three times more people than opted for new storage hardware to hold my organisations data, although there was a significant difference between the two sides of the Atlantic here, with 10% of UK and Germany respondents desirous of more in-house capacity while 16% of those in the US wanted more hardware.

The main takeaway, I think, is that easily scalable storage is the key thing storage managers want.

Perhaps more profound is the assumption that that can only be found in the cloud.

This looks like a harbinger of things to come and that the rise of the cloud is inevitable.

Currently, a lack of guarantees over latency and availability (no-one can guarantee against a cable getting dug up, for example) mean the cloud is becoming more popular but is not trusted for the most performance-hungry storage operations.

Despite that, the survey tells us customers want storage that can scale easily and that the cloud is where it will likely come from.

In the long term this will bring major changes in data storage, with cloud providers profiting from economies of scale in terms of buying storage hardware, and with capacity delivered via the cloud for all but perhaps the most sensitive workloads.

Footnote

* The joke, as I remember it, told in Britain in the 1970s, took a poke at the Irish. In it, an Irishman was offered three wishes. He asked for a glass of beer that re-filled itself. For his second wish, he asked for another.

Given the issues around data portability between cloud providers the joke could be successfully adapted to one about a storage manager offered cloud storage capacity that scaled itself. IE, youd be crazy to want another one.

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Stratoscale buys Tesora to bolster hybrid cloud database capability – Computerworld

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Cloud service provider Stratoscale has snapped up database-as-a-service vendor Tesora to beef up its hybrid cloud offering.

Stratoscale's key product, Symphony, is built on OpenStack and allows businesses to set up an Amazon Web Services (AWS) "region" in their own data center, so they can easily move workloads between private and public cloud servers or scale up capacity without having to migrate to a different service.

Further reading: Want to run your own Amazon 'region'? Stratoscale shows you how

Tesora's database as a service, also built on OpenStack, runs in public, private or hybrid clouds. Stratoscale plans to use it to expand its existing managed database support, which includes AWS Relational Database Service and the AWS NoSQL database, DynamoDB. Tesora will bring Stratoscale self-service provisioning capabilities for Oracle, MySQL, MariaDB, MongoDB, PostgresSQL, Couchbase, Cassandra, Redis, DataStax Enterprise, Persona and DB2 Express databases.

It's only a couple of months since Stratoscale released version 3 of Symphony, introducing compatibility with Amazon's S3 object storage service, Kubernetes-as-a-service containerization, and the ability to freely migrate AWS EC2, EBS, S3 and VPC workloads between public and private cloud infrastructure.

Tesora has long pitched its database as a service as better than the AWS database offerings in one important respect: Thanks to its OpenStack underpinnings, it could run as easily in public or private clouds. However, Stratoscale's introduction of the AWS region capability to Symphony 3 took that advantage away.

Peter Sayer covers European public policy, artificial intelligence, the blockchain, and other technology breaking news for the IDG News Service.

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Amazon Web Services Continues to Grow as Servers Move to the Cloud – Server Watch

When most people talk about the public cloud, the conversation inevitably will include Amazon Web Services (AWS). Amazon reported its first quarter fiscal 2017 financial earnings on Feb. 2, once again showing growth in the cloud.

Overall revenue for Amazon during the fourth quarter was reported at $43.7 billion, a 22 percent year-over-year gain. For the full year, Amazon's revenue was $136 billion, up by 27 percent from 2016.

Looking specifically at AWS, Amazon reported $3.5 billion in fourth quarter revenue. For the past 12 months, AWS generated a staggering $12.2 billion in revenue from its cloud operations.

Amazon first began to break out its cloud earnings in April 2015, during the company's first quarter fiscal 2015 earnings call. At the time, AWS revenue was reported at $1.57 billion for the quarter. By July 2016, AWS had nearly doubled its quarterly revenue, with $2.9 billion in cloud sales.

"On AWS, we're very happy with the response from customers," Amazon CFO Brian Olsavsky said on his company's earnings call. "I feel we've got a very broad base of customers from startups to small and medium businesses to large enterprises, to the public sector and we're continuing to see strong growth across all those sectors."

The sectors that AWS operates in also includes new regions that opened up in 2016. During the year, Amazon opened eleven new Availability Zones across five geographic regions in the U.S., Korea, India, Canada and the U.K.

In AWS' terminology, a Region is defined as a geographic location, while an Availability Zone is infrastructure within a Region that has its own power, cooling and capacity. The general idea is that AWS customers can run applications in multiple Availability Zones to help protect and mitigate the impact of a failure in a single zone.

Among the new regions is the Ohio US-East Region that opened in October 2016, providing much needed relief to Amazon's primary US-East location in North Virginia. In December 2016, Amazon opened its first AWS region in Montreal, Quebec, Canada.

For 2017, Amazon plans on adding two new regions, including one in France and another in China.

Sean Michael Kerner is a senior editor at ServerWatch and InternetNews.com. Follow him on Twitter @TechJournalist.

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Securing IoT devices from within – GCN.com (blog)

Securing IoT devices from within

Security experts have long fretted about the rapidly expanding number of internet of things devices. While most such tools may not contain data that should be protected, many connect to the cloud and represent easy targets for hackers to gain access -- not only to that device, but to all other devices connected to an IoT mesh.

To address this issue, AWS in 2015 released its IoT platform, which includes provisions for mutual authentication which is intended to verify the integrity of all devices connecting to the AWS IoT cloud.

Connecting devices can use the AWS SigV4 method of authentication or follow the traditional approach of using X.509 certificates to manage public-key encryption. IoT managers can map roles and/or policies to each certificate so that devices or applications can be authorized (or de-authorized) without ever touching the device.

As might be expected, an organization with thousands of IoT-enabled devices might find it too difficult to provision and manage all those certificates and keys. One solution is the AWS the Use Your Own Certificate program, which allows original equipment manufacturers to register digital certificates signed by a third-party authorities with the AWS IoT platform using an application programming interface, according to Embedded Computing.

That means unique cryptographic keys can be generated for each device during production, signed by a certificate authority and then loaded into the AWS IoT platform to await a service request from systems containing the corresponding key pairs, the site said.

A hardware solution that offers built-in end-to-end security between the device and cloud servers has been developed by Microchip Technology Inc. and AWS.

It uses a small chip that is preloaded with the unique cryptographic codes to allow data to be transmitted more securely from an IoT device to the cloud.

According to Eustace Asanghanwa, strategic marketing manager for Microchip Technology, the AWS-ECC508 chip eliminates the need for IoT device manufacturers to go through a multistep process of preregistering their device with AWS servers and generating encryption keys for communications. Instead, the AWS-ECC508, a 3mm by 2mm, 60-cent device (in quantities of 10,000 or more) handles the connection and encryption automatically.

The device can be soldered onto a circuit board and connected to the host microcontroller that configures the chip for the AWS IoT. Because the AWS-ECC508 is preconfigured to be recognized by AWS without any intervention, there is no need to load unique keys and certificates because the information is contained in a small, easy to deploy crypto companion device, the company said.

Unlike the RSA encryption algorithm in widespread use, the Microchip Technology processor employs a more efficient elliptic curve cryptography algorithm that does require as big a key and is, therefore, faster and calls for less hardware.

According to Asanghanwa, IoT device manufacturers have often not paid sufficient attention to building security into their devices because of an overriding focus on keeping costs down.

Looking at the product holistically, the AWS-ECC508 actually reduces overall cost, he said. If you consider not just hardware but also implementation, such as the capital and operational costs of securely injecting keys and managing them in a supply chain, the AWS-ECC508 actually creates a significant cost-reduction for any given product.

While the AWS-ECC508 will only work with Amazon Cloud Services, the underlying ECC508 technology can be configured to work with any storage or cloud vendors services.

Posted by Patrick Marshall on Feb 06, 2017 at 12:57 PM

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