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Quant Explains Why This Bitcoin Bear Market Is Different From Others | Bitcoinist.com – Bitcoinist

A quant has explained using on-chain data why the current Bitcoin bear market looks to be different from the previous ones.

As explained by an analyst in a CryptoQuant post, the exchange reserve continuing to trend down since the price all-time high isnt typical of previous bear markets.

The all exchanges reserve is an indicator that measures the total amount of Bitcoin stored in the wallets of all centralized exchanges.

When the value of this metric trends up, it means the supply on exchanges is increasing. Such a trend may be bearish for the price of the coin as investors usually deposit their crypto to exchanges for selling purposes.

On the other hand, the reserves value going down would suggest holders are withdrawing a net amount of coins right now.

Related Reading |Data: Much Of The Bitcoin Market Has Held Strong Since January 2022

This trend, when sustained, can imply accumulation may be going on in the market, and thus could prove to be constructive for the price of the coin.

Now, here is a chart that shows the trend in the Bitcoin exchange reserve over the history of the crypto:

In the above graph, the quant has marked some previous price ATHs and the trends in the Bitcoin exchange reserve that followed them.

It seems like the value of the indicator rose up during the bear markets starting from 2014 and 2018 after the respective ATHs were formed.

Related Reading |EU And Sweden Discussed Banning Bitcoin Proof Of Work: FOI Documents

Following the May ATH, too, the indicator seemed to be observing some upwards movement as a mini-bear market appeared. This trend matched up with what was seen during previous bear markets.

But things changed quickly. A new rally began that took Bitcoin to a new ATH in November, following which the coin observed some major downtrend.

A bear market seems to have griped the market in the last few months, but unlike those previous bear market examples, the exchange reserve has actually been going down this time.

There could be several reasons behind this trend. One major factor may be that part of the supply has just shifted into new investment vehicles such as ETFs.

Whatever the reason may be, one things clear. This bear market is looking to be quite different from the previous ones, at least in terms of the exchange reserve.

At the time of writing, Bitcoins price floats around $40.5k, up 1% in the past week.

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Before you buy bitcoin, answer these 4 overlooked yet crucial questions – MarketWatch

Crypto is the talk of the town. Bitcoin, ethereumand others seem like an exciting way of making money. Only after selling are many aware they owe income taxes but thats not the only crypto information they are missing.

Crypto does not typically align with the rest of someones portfolio or financial planning. Before purchasing, be sure to understand these four factors:

Investment strategy: How does cryptocurrency fit with your investment strategy? Many people jumped on board as a sure bet. The investment becomes an emotional decision, which is not a sound way to make investments.

There are investment reasons to pause and rethink. Consider your risk tolerance; if you have always been a conservative investor, adding crypto to your portfolio is very risky. Knowing how this fits into your overall plan can be the difference between a rational decision and a reactionary one on the day your cryptocurrency plunges in value.

If you do have an investment adviser, make them aware you own crypto. When you hired them, you filled out an investment profile as required by Securities and Exchange Commission. With this addition to your portfolio, they may ask you to adapt your profile or make the investments they manage safer to offset the added risk you are taking on.

Estate planning: How does crypto fit with your estate plan, practically and legally? Many people with crypto investments never provide the details, including passwords, to their family or loved ones. Lacking this information, the asset could be lost to the digital world on disability or death no matter how much it is worth. Be practical. Share the details.

Legally, your account is part of your estate plan. If your lawyer has created a trust for you (or you and your spouse) and has suggested everything you own go into the trust, then a crypto account may wreak havoc when it comes time to settle the estate unless it also is in the trust.

When you set up your crypto account online, the system is easy, smooth and quick. What it is not is personalized. No prompt asks if you have a trust or a specific designation to align with your estate plan. Instead, accounts are usually set up in your name.

As a result, no matter what the accounts value, it will have to go through probate, increasing the time and costs to settle your estate, even if you have a trust. In addition, if your legal documents do not grant authority to your executor to handle your digital assets, your heirs could be facing an unnecessary hassle with the crypto provider.

Read: Your estate plan might be outdated because it excludes digital assets

Plus: Your financial power of attorney may fail you when you need it most

Risk: Are you really prepared for the wild swings in this investment, swings that are bigger than you see in the S&P 500 index SPX, -2.77% ? Bitcoin BTCUSD, +0.04%, for example, has traded as high as $68,989 and as low as $28,833 in the past 52 weeks, and its now trading just above $40,000. Creating an exit strategy as far as timing and/or value is a smart investing approach.

What is the right amount of crypto to keep on hand? This is taking on risk that may be offset by other factors in your financial life. Everyones situation is different, but you still need cash on hand. Cash in the bank may not earn much, but it is has Federal Deposit Insurance Corp. backing. Even your investments in brokerage firms are insured up to limits; Securities Investor Protection Corp. insurance covers you if the company, not your investment, goes under. There is no such assurance from Coinbase or Gemini.

Using your emergency cash to buy crypto is shortsighted if your safety account is not strong. Consider cryptocurrency within the whole picture of your financial life to know what suits your goals and cash flow.

Read: When is it worth hiring someone to manage your money?

Taxes: Are you following the tax rules? And whether it is cryptocurrency or stocks under your control, are you keeping cash available for taxes when you sell?

If you have done any selling of crypto the past few years, your CPA may have asked you whether you sold any cryptocurrency, and now it appears on the 1040 form. Starting in 2023, crypto sellers will be required to issue 1099 tax forms. Keeping records and planning for taxes are essential.

Read: Did you invest in crypto last year? Make sure you answer these 3 questions before filing your taxes

As an experienced investor, taxes should come as no surprise. Still, you do not want to have to sell crypto to pay the taxes, thereby creating a cycle of more sales and more taxes.

The changes we have seen about reporting crypto gains and losses are just the beginning. For most investments, the wash sale rule applies, which means when you sell an investment and buy it back within 30 days, IRS does not allow you to claim a deduction. This rule doesnt yet apply to crypto, but watch for possible rule changes in 2022 that could include making crypto investments subject to the same rules on wash sales as other investments.

CD Moriarty is a certified financial planner, a columnist for MarketWatch and a personal-finance speaker. She blogs atMoneyPeace.

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The technological disruption of bitcoin – VentureBeat

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Some technological innovations revolutionize the way we live and change our political, economic and social structures. The steam engine, for example, spearheaded the industrial revolution by converting the energy generated by boiling water into mechanical motion. This generated vast economic growth, transformed society and altered political institutions. At Numbrs, we believe Bitcoin is a technology as revolutionary as the steam engine, an innovation that will likely upend the worlds financial and monetary systems, disrupt geopolitical configurations and alter social perceptions of economic value.

Bitcoin is an example of how technology is transforming the global financial system and how it can represent an alternative to the storage of economic value. At its core, Bitcoin is pure, unalterable mathematics powered by blockchain technology. It is a constant stream of cryptographic verification, which keeps an accurate and secure public ledger of transactions without the need for centralized control or financial intermediaries. As part of its mathematical attributes, the supply of Bitcoin is perennially limited at 21 million. No government, person or organisation can change that supply cap, nor can they control this network of transactions, which is now used by hundreds of millions of people, and which settles more transactions than the worlds leading credit card companies. Bitcoins elegant system has attracted hundreds of billions of dollars of capital. What began as a niche movement to restore privacy in a digital age, has become a magnet for increasing amounts of private and institutional capital. According to CNBCs Millionaire Survey, nearly half of millennial millionaires have at least 25% of their wealth in cryptocurrencies. The growing importance of cryptocurrency among young millionaires has the potential to reshape the wealth management industry, as private banks, brokers and wealth management firms scramble to cater to a new, crypto-heavy clientele.

But there is more than just grassroots adoption. National and local governments are just starting to compete in order to attract the capital and innovation emerging from Bitcoin. El Salvador was the first country to make Bitcoin legal tender in 2021. U.S. states like Texas and Florida are developing accommodating jurisdictions for Bitcoin miners, investors and entrepreneurs. Cities in Switzerland, Brazil, the U.S. and other countries have also entered the Bitcoin competition by providing tax and other incentives. In South Korea, the March 2022 presidential elections saw Bitcoin become a central issue. Opposing candidates tried to outdo each other with Bitcoin-friendly campaign promises to win over the young vote.

Blockchain is the technology behind cryptocurrencies, and it can be thought as a massive public database shared by everyone and controlled by no one. In fact, Bitcoins grassroots adoption has been skyrocketing because of the safety and freedom that it offers. These attributes are particularly valuable in times of crisis and this has become clear in countries that are undergoing severe economic crises such as Lebanon, Russia, Venezuela, Argentina and Turkey as well as conflict zones such as Syria and Ukraine. These countries have shown how increasingly difficult is using or transporting heavy precious metals during a period of crisis. The war in Ukraine and the sanctions imposed on Russia, in particular, have proven this point most vividly. People on both sides of the conflict flocked to Bitcoin to avoid the impact of bank runs and to secure their assets in the easiest possible fashion.

Developed conflict-free economies are also enduring economic stress, which further makes the case for Bitcoin. High levels of inflation are decimating peoples purchasing power. This inflation is caused by the expansionary monetary policies of central banks that have kept printing money in order to finance government expenses. As governments continue to debase their currencies and face inevitable inflationary and debt crises, the power of blockchain technology will inevitably become increasingly recognised and a growing number of people will recognise the value of Bitcoins sound-money system. We believe there will come a tipping point where traditional fiat currencies become less desirable to commerce and individuals alike. At this point, people will look for other solutions and Bitcoin, due to its intrinsic features, practicality and limited supply, will become the only viable alternative. Its limited supply means that its purchasing power will not be constantly disintegrating as a result of conscious government policy. Instead, when applied systemically, it would introduce a deflationary system that increases purchasing power and gradually reduces the gargantuan debt burden which society has accumulated.

Once Bitcoin becomes the basis of a new monetary system, it will also be apparent how outdated and socially destructive the concept of wealth-preservation through the acquisition of precious metals is. Ecosystems are destroyed and labour is often abused in order to dig up precious metals from the ground. These metals are then melted and reshaped before they are put back underground in vaults. It also costs considerable time, money and effort to move these metals around and requires a sophisticated verification system of assaying to ensure the quality of the metal is equal to what is being proclaimed. Bitcoin, on the other hand, allows vast quantities of economic value to be moved across the planet instantly and safely.

Society will gradually realise that crypto should be seen as an unfolding virtual world where digital possessions will be similar to physical ones, virtual experiences similar to actual ones. The Bitcoin revolution has begun were sure it will change the world.

Fynn Kreuz is the CEO of the Swiss Bitcoin company Numbrs.

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Explaining The Benefits Of Bitcoin ETFs Over Self-Custody – Game Revolution

Lets be honest: the future of money can be a bit complex and even a little confusing. Even the story of Bitcoins creator sounds more like something from a sci-fi flick than the foundation of a financial venture. But that doesnt diminish the incredible potential that Bitcoin offers.

The biggest bottlenecks to widespread adoption are related to the assets volatility but also due to the intricacies of blockchain technology. Investing in cryptocurrencies typically has involved directly owning and being responsible for the custody of digital assets.

However, as Bitcoin gains wider acceptance with mainstream and institutional investors, new ways to gain exposure to BTC are being introduced. Here are some of the many benefits investing in a Bitcoin ETF offers over self-custody.

Bitcoin is an incredible breakthrough technology that allows individuals to essentially be their own bank and transact with other individuals or businesses, all without a trusted third-party intermediary like a bank, credit card processor, or otherwise.

The idea is that without banks, users and individuals gain more control over their assets. But more control comes with much more responsibility. If a hacker or thief gains access to a credit or debit card, the intermediary will refund your money and go after the culprits responsible for you. With crypto, there is no third party to back you up.

Although horror stories do exist that focus solely on hacks or other types of loss, the worst possible kinds to read are those related to forgotten passphrases and private keys. Cryptocurrencies like Bitcoin have both a public and private key. The public key acts as the address users can send to and from, while the private key is essentially the cryptographic password.

Early Bitcoin users often with massive amounts of BTC have sadly forgotten or misplaced hand-written passphrases and private keys, resulting in millions of dollars worth of BTC locked away and potentially lost forever. This is like losing your keys to your house or car and never again being able to get back in. Even top crypto executives that know better have reportedly lost tens of thousands of BTC this way.

With all that risk related to simply owning and holding bitcoin, why would anyone consider owning it? The first recorded price per BTC is as low as under a penny. Today, each coin is worth around $40,000, and its highest recorded price was over $68,000. With ROI well over a million percent since its debut more than a decade ago, it is one of the most lucrative assets in the history of finance.

Angel investors compare owning BTC to owning a piece of the internet in the 90s. Institutional investors view it as a way to diversify their traditional portfolios due to the ultra-low correlation with stocks. Retail investors see it as the next big thing in money. But what are these investors to do to avoid the risk associated with self-custody? The answer is in Bitcoin-based ETFs and mutual funds.

An ETF is an exchange-traded fund, which means that a trusted entity like Fidelity is taking on the risk associated with custodying crypto assets, allowing investors to gain exposure to the underlying asset in a much safer manner, right through their traditional brokerage accounts.

For example, the Fidelity Advantage Bitcoin ETF (FBTC) relies on the same institutional-grade foundation Fidelity offers to all clients and gives investors a way to access Bitcoin exposure from a trusted brand. In addition to the added comfort, convenience, and safety provided by a Bitcoin ETF, it eliminates the need to tinker with blockchain-based crypto wallets and any intricacies related to cryptocurrency cold storage.

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Top Crypto Analyst Issues Warnings for Bitcoin, Chainlink and The Sandbox Here Are His Targets – The Daily Hodl

A widely-followed analyst is pessimistic about the trajectory of the wider crypto market and three digital assets in particular.

Starting with Bitcoin (BTC), pseudonymous crypto analyst Capo tells his 258,900 Twitter followers that he expects the flagship cryptocurrency to retrace by 50% from current levels.

Capo also says that the prices of altcoins will fall drastically as the total cryptocurrency market cap sheds over half of its value.

Im expecting 50-70% retracement on the entire market (50% for BTC, 60-70% for altcoins).

Bitcoin is trading at $42,479 at time of writing. A 50% drop for Bitcoin would see it retrace to a price of around $21,000. The total crypto market capitalization is slightly above $2 trillion at time of writing.

Capo had said earlier this week that Bitcoin was likely to drop below $30,000. Capo also said that Bitcoins recovery from below $39,000 at the start of the week was a dead cat bounce and warned against getting trapped above $40,000.

Next up is Chainlink (LINK), a decentralized oracle network that allows blockchains to obtain off-chain data.

Capo says that his main target for LINK is between $5 and $5.50, over 60% lower than the current price.

LINK

Main target: $5.00-5.50.

Chainlink is trading at $14.25 at time of writing.

The native token of the blockchain-based virtual gaming world The Sandbox (SAND) is the third crypto asset that Capo is bearish on.

Capo says that SAND is exhibiting a descending triangle bearish pattern similar to one that Bitcoin displayed in 2018.

According to the crypto analyst, SAND could fall by more than 60% from the current price.

SAND

Clear descending triangle, similar to BTC in 2018 with the 6k support.

Main target: $0.95-1.00.

SAND is trading at $2.90 at time of writing.

Featured Image: Shutterstock/David Sandron/bestfoto77

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Top Crypto Analyst Issues Warnings for Bitcoin, Chainlink and The Sandbox Here Are His Targets - The Daily Hodl

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These 3 Billionaires Changed Their Minds on Bitcoin. Should You? – The Motley Fool

Image source: Getty Images

Get to know some of the financial gurus who've switched from Bitcoin critics to believers.

There are many things we don't know about what the future holds for Bitcoin (BTC) and cryptocurrency. But one thing's for sure: The sprawling industry has attracted its share of fierce critics and loyal fans and will continue to provoke extreme reactions for a while.

But what of the people who changed their minds? According to research by crypto exchange Gemini, over 40% of crypto owners worldwide got started in 2021 -- which is just one indication of the evolving attitudes toward crypto. Lets take a look at three billionaires who changed their minds on Bitcoin.

The Shark Tank judge and Dallas Mavericks owner is now a huge cryptocurrency convert. He said recently that 80% of his non-Shark Tank investments are in and around crypto. He believes crypto can disrupt the way that many traditional companies operate, and he's particularly excited about the potential of smart contracts.

But he hasn't always been so bullish on blockchain. In a 2019 YouTube video, Cuban said he'd rather have bananas than Bitcoin. "I'd rather have bananas," he said. "I can eat bananas. Crypto not so much." Now he believes Bitcoin is digital gold and crypto is money 2.0.

Dalio's views on crypto are quite nuanced, but he's certainly moved from being uncertain about Bitcoin to being a Bitcoin investor, albeit an uncertain one. Back in 2020, the Co-Chairman & Co-Chief Investment Officer of Bridgewater asset management firm tweeted that he thought he might be missing something about Bitcoin. He raised concerns that it doesn't make a great medium of exchange, is too volatile to act as a good store of wealth, and would likely be outlawed by governments if it becomes too successful.

Fast forward today. Not only are there rumors that Bridgewater will launch a crypto fund, but Dalio also says he owns a small amount of Bitcoin. However, he says, "Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldnt mind losing about 80% of."

Among other things, Dalio recognizes that it's an "amazing accomplishment" to create a new type of digital money that's worked for 10 years. He also thinks Bitcoin has crossed the line from a speculative idea to something that could have value. But he's still concerned about cyber risks and government intervention.

Kevin O'Leary is another Shark Tank judge who's become a crypto fan. The man who called Bitcoin a "giant nothing burger" in early 2021 has now backed -- and even given his nickname to -- a crypto app called WonderFi that aims to make decentralized finance accessible to all. He's also become an official ambassador for the FTX cryptocurrency exchange.

O'Leary was initially concerned about the regulatory environment and Bitcoin's environmental impact. His native Canada relaxed restrictions on Bitcoin, which eased some of the prolific investor's concerns. He also took positions in clean Bitcoin mining companies so he could be confident he only owns sustainably-mined coins. These two factors combined contributed to his turnaround. He now argues that green Bitcoin mining is a huge investment opportunity.

These aren't the only billionaires who've changed their stances on Bitcoin and cryptocurrency. But these three highlight some of the wide-ranging concerns and viewpoints about what is still a relatively new asset class. If you're considering buying Bitcoin, it's good to understand what drives the skeptics, the believers, and everything in between. Then you can make up your own mind about what's right for you.

As Dalio points out, it is a high-risk asset that could produce huge gains, but also could lose a lot of its value. One of the big unknowns is how increased regulation will impact crypto's development. Various countries including the U.S. are inching toward clearer regulatory frameworks, but the details are still unclear.

The high levels of risk is why investing in cryptocurrency is as much about your individual financial situation as it is about your belief about its potential. The golden rule is to only invest money you can afford to lose. That way if the market crashes, it won't be financially devastating. It's also important to prioritize other financial goals ahead of crypto investments. If you're paying down debt or building up an emergency fund, take care of these financial bases first. Once you're on top of them, you can see how crypto might fit into your wider investment planning.

It's interesting to see how some of these financial gurus' opinions have evolved. If nothing else, they highlight that there's no right or wrong decision, beyond treading carefully and doing your research.

There are hundreds of platforms around the world that are waiting to give you access to thousands of cryptocurrencies. And to find the one that's right for you, you'll need to decide what features that matter most to you.

To help you get started, our independent experts have sifted through the options to bring you some ofour best cryptocurrency exchanges for 2022. Check out the list here and get started on your crypto journey, today.

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Bitcoin Is Worth More Than Berkshire Hathaway: Is Warren Buffett’s Strategy On The Decline? – Benzinga – Benzinga

Berkshire Hathaway, Inc.(NYSE: BRK-A) (NYSE: BRK-B) the largest state public pension fund in the United States led by investment giant Warren Buffett and the seventh-largest company in the world saw its market capsurpassed by Bitcoin BTC/USD.

What Happened:Berkshire Hathaway's market cap is just over $760 billion, whereas theBitcoin network is worth $770 billion a whole $10 billion more.

See Also:How to get free crypto

What makes it particularly notable isBuffett's past commentary on Bitcoin. Back in early May 2018, he famously described the world's first cryptocurrency asprobably rat poison squared" during a Berkshire Hathaway annual shareholder meeting, whileBerkshires vice chairman and long-time Buffett collaboratorCharlie Munger added thattrading in cryptocurrencies is just dementia.

Buffett has beenseeminglylosing his widespread recognition over the last few years. This culminated with this week's reports that the largest state public pension fund in the U.S. sided with a minority shareholder in sponsoring a proposal to remove Buffett as Berkshire Hathaway's chairman.

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Insteon and iHome shut down their cloud servers this month – The Verge

Revolv, Iris, Insignia, Staples Connect, Wink, and now Insteon and iHome: the graveyard of dead or dying smart home ecosystems that promised so much yet failed to deliver is getting crowded. Smart home company Insteon has turned off its cloud servers, as first reported by Stacey on IoT, and device maker iHome has also shut down its servers, confirming to The Verge that its iHome cloud services were terminated on April 2nd.

This feels like a good time for a reflection on the state of the smart home. Is it all over? Or is this cloud carnage simply necessary to clear the way for a brave new world, one where the smart home is no longer a curiosity but something that actually matters?

What those companies mentioned above have in common is a reliance on a proprietary cloud server to deliver at least part of the experience customers signed up for. When the companys business model changed and the cost of running that cloud was deemed unnecessary, consumers were left in the lurch.

The Revolv smart home hub was bought and then shut down by Google, Iris and Insignias clouds were switched off by Lowes and Best Buy, respectively, Staples pulled the plug on its Connect hub, and Wink has pivoted from a free to a paid service. A fact many manufacturers seem to overlook when jumping on the smart home bandwagon is that maintaining a cloud-based smart home service costs money a lot of it, for a long time.

While most of those examples are ancient history, in the last few weeks, the cloud carnage has begun again. On April 2nd, device manufacturer iHome shut down its iHome app and iHome cloud service, announcing this quietly with only an in-app notification. The action ends support for several of its iHome branded smart plugs, its smart monitor, motion sensor, leak sensor, and door window sensor.

While the smart plugs and smart monitor will still work with the Apple Home app thanks to their HomeKit compatibility, beyond that, these devices are essentially junk. Astonishingly, many are still being sold, but as they require the iHome app, which no longer exists, they simply will not work.

Then, late last week, users of Insteon, a smart home ecosystem that relies on a proprietary communication protocol, started reporting that the hubs that control their Insteon smart light switches, outlets, sensors, thermostats, and other devices, were offline. The company, which has been in business since 2005 and was one of the earliest smart home pioneers, has gone completely dark.

There was no official word from the company ahead of the shutdown, and no advanced warning to users which is inexcusable. And while the Insteon system status is still cheerily announcing that all services are online, the only official response so far is this cryptic message to the Insteon community on its site, which discusses the companys financial troubles. It doesnt explain whats happening with its services or what its customers can do.

Interestingly, because Insteon was originally built as a locally controlled system, owners can switch their existing devices and hub to an open-sourced home automation system such as Home Assistant or Hubitat. So, while its a significant inconvenience, they arent completely out of luck, unlike non-Apple iHome users.

The weak link here is the proprietary cloud. A cloud-connected device has a myriad of benefits most notably away-from-home control, over-the-air updates, and easier setup and programming. But its instability, especially if youre taking a bet on a bootstrapped startup, is a major downside. The end-user has no control if the company that owns it decides to stop running the servers. This is a major reason why many people are wary of the smart home in its current form. Why spend money on something that could become a very expensive paperweight one day? That Revolv hub cost $300. Many Insteon customers spent hundreds or thousands of dollars on their systems.

The solution, as appealing as it might be in the moment, isnt to abandon the smart home. Most connected devices offer a significant upgrade over their non-smart counterpart. A smart door lock can tell you exactly who unlocked your door and when; a connected sprinkler controller wont water your garden if its going to rain; smart light bulbs can mimic the natural cycle of sunlight to help you feel more energized or more relaxed; and smart thermostats know when youve left and can stop wasting energy heating an empty home. And these are just a few examples.

The solution is to make smart home devices the norm, not the exception. For this to happen, they need a unified system to connect them, one that isnt dependent on the fortunes of individual companies.

Here is where the promise of Matter comes in. When it arrives, the new smart home interoperability protocol backed by most of the big (and small) names in the industry (but notably not Insteon or iHome) should allow devices to work locally in your home without relying on a single cloud service to operate.

Instead, the expectation is that they will work with or without a cloud service, communicate with devices from different manufacturers locally, and, if you want the benefits of cloud control, work with whichever compatible platform you choose. If one service or ecosystem goes away, you should be able to just choose another way to control your devices.

In cases like this, where manufacturer support ends, it is expected that devices that support Matter will continue to work locally with others in the home and be discoverable and controllable from other smart home systems and apps, confirms Michelle Mindala-Freeman of the Connectivity Standards Alliance, the organization that oversees Matter. This is another benefit of Matters Multi-Admin capability. Multi-admin allows devices to use multiple platforms simultaneously, so your light bulb can be controlled by HomeKit and Alexa, for example.

However, Matter has been repeatedly delayed, and we still dont know exactly how it will work in practice because no one has actually used it yet (note Mindala-Freemans use of the word expected). When it does arrive (currently scheduled for fall 2022), it will be too late to help iHome and Insteon customers. But it is clear that the smart home is at a major tipping point right now.

Which company will be next to shut off its servers? Smart lighting manufacturer LIFXs parent company has gone into receivership, and despite the companys protestations on Reddit that all is fine, its hard not to worry. In reality, any small company that relies on a cloud server, doesnt charge a monthly subscription fee, and lacks deep pockets, is potentially at risk.

The safest bet for building your smart home today is to stick with the bigger names with good track records and solid companies behind them. Or sit around for a while under dumb light bulbs and wait patiently for Matter.

Update, Wednesday, April 20th, 3:18 PM: Updated the article to include a response from Insteon posted on its website regarding the companys situation.

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4 Ways Cloud Adoption Can Support Climate-Friendly Initiatives in Higher Ed – EdTech Magazine: Focus on K-12

Migrating to the cloud offers myriad benefits for higher education institutions. It frees up valuable space on campus, helps enable remote learning and working, offers easier access to resources, and provides long-term cost savings. According to anEllucian survey, the pandemic expedited higher educations move to the cloud, as it provided a more efficient way for students, faculty and staff to collaborate from disparate locations.

But the benefits of cloud adoption extend beyond what the cloud can do for a universitys data storage and software applications. It also reduces an institutions reliance on energy-intensive physical infrastructure that increases its carbon footprint. Cloud computing relies on sharing services, which means greater resource efficiency and effectiveness.

Here are four ways cloud adoption can help support climate-friendly initiatives in higher education.

EXPLORE: How and why to establish a cloud center of excellence.

A report from theLawrence Berkeley National Laboratorydetermined that U.S. data centers consume about 70 billion kilowatt-hours of electricity each year, which is approximately 1.8 percent of the countrys total electricity consumption. Additional research from Berkeley Lab andNorthwestern Universityindicates that moving an organizations software applications to the cloud could cut IT energy consumption by up to 87 percent.

By moving to the cloud and reducing reliance on physical data centers, universities can save significantly on energy costs. According toa study from Microsoft and WSP USA, an organization adopting Microsofts cloud over a traditional data center can experience up to a 93 percent improvement in energy efficiency. The study notes that smaller organizations moving to the cloud achieve the greatest savings, but there are efficiency benefits for organizations of all sizes.

A 2021 studyby IDC indicates that the continued adoption of cloud computing could prevent the emission of more than 1 billion metric tons of carbon dioxide through 2024. According to IDC, emissions reductions are driven by the greater efficiency of aggregated computing resources and data centers that can better manage power capacity, optimize cooling, use power-efficient servers and increase server utilization rates.

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Many large public cloud providers have committed to using renewable energy sources at their data centers, which minimizes the carbon footprint of these services.

A large percentage of Microsofts operations are powered by wind, solar and hydropower electricity.The company has a goalof using 100 percent renewable energy sources at its buildings and data centers by 2025. By 2030, the company hopes to be carbon-negative, removing Microsofts carbon footprint altogether.

Similarly,Amazon Web Serviceshas pledged to power 100 percent of its operations through renewable energy by 2025. Amazon is theworlds largest corporate buyer of renewable energy, and an AWS-backed study by 451 Research indicated that AWS infrastructure is 3.6 times more energy efficient than the median of surveyed U.S. enterprise data centers.

RELATED:4 considerations for managing the AWS cloud platform in higher ed.

Dematerialization is the reduction in volume of energy-intensive physical devices in exchange for their virtual equivalents. In the case of cloud computing, a move to the cloud means less reliance on physical storage, minimizing the energy required to power them. Additionally, reducing the number of physical objects also reduces the amount of waste that results from their disposal once they reach the end of their lives.

Cloud computing not only offers collaboration and cost benefits for a higher education institution, but it also helps shrink an institutions carbon footprint, save energy and reduce waste, all contributing to an effective sustainability strategy.

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4 Ways Cloud Adoption Can Support Climate-Friendly Initiatives in Higher Ed - EdTech Magazine: Focus on K-12

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The Basics of Cloud Security for Your Business – Security Boulevard

Cloud security encompasses the controls, policies, practices and technologies that protect applications, data and infrastructure from internal and external threats. Cloud security is critical for organizations to successfully implement digital transformation plans and integrate cloud-based solutions and services into their existing operating structures.

Many organizations have begun migrating, shifting and reprioritizing existing computing requirements from on-premises applications and infrastructure to the cloud. The benefits of cloud computing are evident, and organizations now believe the migration to the cloud is an essential step in the evolution of their business. The cloud expands your application options, increases data accessibility, enhances team collaboration and simplifies content administration. If youre worried about moving your data to the cloud, a trusted and reliable cloud service provider can soothe your worries and offer you high-quality cloud services that guarantee the security of your information.

Cloud security, often called cloud computing security, refers to a collection of policies, methodologies, protocols and technologies that all work together to safeguard cloud-based systems, data and applications. Protection of client data and privacy is a primary goal of these security measures. With an increased focus on cloud security due to geopolitical threats, organizations are also focusing on enforcing authentication policies for specific users and devices. It comes in all forms, but the goal is to tailor the security principles and practices to an organizations particular requirements, from verifying access to implementing traffic filtering. Additionally, since these rules can be established and maintained in a centralized location, administration costs are decreased, freeing IT personnel to concentrate on differentiated solutions and offerings.

The view of cloud security varies depending upon the organizations requirements with a dependency on the application, data and cloud provider solutions and services. The development of cloud security measures, on the other hand, should be shared by the company owner and the service provider.

The goal of cloud security is to safeguard everything between physical networks, data servers and web applications.The ownership of these elements can vary significantly in a cloud computing environment, and due to the growing landscape, it might make it difficult to determine the extent of a companys security responsibilities. Its vital to understand how these are frequently categorized since securing the cloud might appear different depending on who has responsibility for each element.

The Most Widely Adopted Cloud Services are:

Cloud environments are configurations in which one or more cloud services combine to provide a system for end-users and enterprises. These divide the management duties, including security, between clients and service providers.

Public cloud environments are made up of multi-tenant cloud services in which a customer shares a providers servers with other clients, similar to an office complex or workplace area. The provider provides a third-party service to provide customers with web access.

A private in-house cloud is one that is made up of single-tenant cloud service servers that are run from their own data center. In this instance, the organization manages the cloud environment, allowing for complete configuration and deployment of all elements.

Private third-party clouds are built on a cloud service that allows customers to use their own cloud exclusively. An external supplier typically owns, manages and operates these single-tenant setups.

A hybrid cloud combines one or more public clouds with a private third-party cloud and/or an on-premises private cloud data center.

Multi-cloud computing refers to simultaneously using two or more cloud services from different providers. These services might be a mix of public and private cloud services. To support the infrastructure, businesses would need tools like Terraform, Pulumi, Okta and Spacelift, for example.

For an enterprise, cloud security services are absolutely critical. Cloud computing security is required to maintain compliance, preserve data and provide secure access whenever and wherever needed.

Cloud computing security provides security centralization, ensuring that your business has the transparency it requires in the cloud.

Cloud security also reduces cost since you arent using resources that arent necessary to ensure data protection in a remote infrastructure environment. Cloud computing security is essential if you want to ensure your data is secure at all times.

Cloud security services provide a significant advantage in terms of reliability. You will benefit from data security that prevents other parties from accessing or altering your data and round-the-clock help for any inquiries and problems.

Moreover, cloud computing security assures privacy and conformance with regulatory requirements. In certain businesses, compliance is critical, and competent cloud providers will provide security solutions to secure your data, construct a compliant architecture and provide backup choices in numerous formats.

Enterprises must have a cloud computing security plan since 97% of organizations throughout the globe use cloud services. The ability to have complete knowledge and transparency over your data should be available at all times for the sake of both business operations and mental peace.

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The Basics of Cloud Security for Your Business - Security Boulevard

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