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Net at Work Acquires ProServe Solutions, a Leading Acumatica Partner and Business Technology Consulting Firm – PR Newswire

April 12, 2022 | Author: admin

Joining forces to provide unmatched Acumatica and Next Generation ERP expertise

"The acquisition adds considerable expertise to our team and furthers our overarching purpose: delivering next-gen, transformative digital solutions that allow companies to unleash the power of business. We're also delighted to name Chris Cleary as our Acumatica Practice Leader, as Chris brings unmatched Acumatica expertise and a firm understanding of what SMBs need to be successful in today's business climate."

ProServe supports over 40 businesses in United States and Canada. They have a proven methodology for deploying, managing, and measuring the success of technology utilization. They are a Gold Certified Acumatica Partner, a President's Club Winner, and ProServe's founder, Chris Cleary, has been named an Acumatica MVP (most valuable professional) for four years running (2019, 2020, 2021, 2022), which recognizes extraordinary commitment to the Acumatica community and the proven ability to help customers "garner value from their cloud ERP investment." Acumatica has also recognized ProServe as an MVP Developer.

"Net at work has built one of the most trusted and respected business consultancies in North America and gives our clients comprehensive support to meet their most pressing business challenges," said Chris Cleary. "In addition to bringing a wealth of Acumatica and SMB expertise, we have a track record of success in specific industries, including manufacturing, distribution and field service. Our team is excited to be joining forces with Net at Work in providing companies with unmatched Acumatica expertise, and the next-gen tools they need to transform, enhance, and grow their business."

About Net at Work

With experience across virtually every business discipline, the Net at Work team supports over 6,000 organizations in making software, systems and people work together in achieving their core organizational objectives. Their comprehensive range of services and solutions include ERP, CRM, Employer Solutions, eCommerce, to Cloud and IT Managed Services. From the company's founding in 1996, Net at Work has garnered wide industry recognition as problem-solvers and promise-keepers, which are the foundational principles on which all their client relationships are based, and that their clients say they value the most. For more information, visitwww.netatwork.com.

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Atlassian needs two weeks to fix cloud outage – IT PRO

April 12, 2022 | Author: admin

Atlassians cloud outage that began on 5 April is set to last for another two weeks.

The collaboration software provider experienced an outage of its Jira and Confluence products starting 5 April. Although the problem didnt affect all customers, it came at an awkward time as the company was hosting its Team 22 event in Las Vegas last week, an event where it shows off new products.

In a statement shared widely with the media and customers, Atlassian has now said that while it is beginning to bring some customers back online, it estimates the rebuilding effort to last up to two more weeks.

The company told IT Pro that as part of scheduled maintenance on selected cloud products, its team ran a script to delete legacy data. The data was from a deprecated service that had been moved into the core datastore of its products. Instead of deleting the legacy data, the script erroneously deleted sites, and all associated products for those sites including connected products, users, and third-party applications.

The company added that it maintains extensive backup and recovery systems, and there has been no data loss for customers that have been restored to date. The incident wasnt the result of a cyber attack and there has been no unauthorised access to customer data, it confirmed.

We know this outage is unacceptable and we are fully committed to resolving this, an Atlassian spokesperson said. Our global engineering teams are working around the clock to achieve full and safe restoration for our approximately 400 impacted customers and they are continuing to make progress on this incident.

At this time, we have rebuilt functionality for over 35% of the users who are impacted by the service outage. We know we are letting our customers down right now and we are doing everything in our power to prevent future reoccurrence.

The 400 impacted customers impacted by the outage represent around 018% of the companys 226,000 customers. The two weeks estimated time to repair the companys systems is also longer than the

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Currently, there are still active incidents with Jira Software, Jira Service Management, Jira Work Management, Confluence, Opsgenie, Statuspage, Atlassian Access, and Atlassian Developers, according to the companys status page hub. Jira is a software issue tracking product, while Confluence is a corporate wiki. Opsgenie is an alerting and incident response tool and Atlassian Access is an identity and access management service.

The outage comes after Scott Farquhar, Atlassians co-founder and co-CEO, revealed in October 2020 that the company will stop selling licences for on-premises products from February 2021 and will discontinue support three years after, on February 2, 2024. The company is aiming to discontinue its server products and move its products and services to the cloud.

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OpenMetal Joins the Open Infrastructure Foundation – PR Newswire

April 12, 2022 | Author: admin

VIRGINIA BEACH, Va., April 12, 2022 /PRNewswire/ -- Open source software and community advocate, OpenMetal, is increasing its commitment to open source, building upon an Open Infrastructure Foundation (OIF)membership.

OpenMetalbelieves it's critical to build in monetary and operational support while delivering benefits such as cost transparency, flexibility, and technology freedom. Now our open source commitment is increasing with the Open Infrastructure Foundation. "We believe in the Open Infrastructure Foundation because the mission is not to monetize their projects by crippling the open source version," Todd Robinson, OpenMetal President continues, "but to provide their full powered projects to the world as is."

Open Infrastructure Foundation's (OIF) goal is to build an open infrastructure for the next decade by solving hard infrastructure problems with larger markets. There are new demands being placed on infrastructure that are being driven by modern use cases such as: containers, AI, machine learning, 5G, NFV, and edge computing. OIF is building a community to write open-source software that addresses these infrastructure markets. The Foundation wants to ensure that the solutions to these demands are developed in the open, using the same transparent and proven approach to open source.

"Foundation members like OpenMetal play a vital role in making community-driven software development work,"said Mark Collier, COO of the Open Infrastructure Foundation. "The engagement and active participation of hosted private cloud providers is critical in bringing the voice of bare metal providers into the development roadmap. The support of OpenMetal as a member is a powerful confirmation of the vision and direction of our community, and we're looking forward to their participation in building the next 10 years of infrastructure software."

As a Silver Member, OpenMetal will be an exhibitor at the OpenInfra Summit in Berlin June 7-9, 2022. Our dedicated team of engineers will be at the event to meet with attendees and offer a live demonstration of how easily accessible we've made On-Demand Private Clouds for customers to deploy within 45 seconds. Save your seat now, here.

Experience OpenMetal On-Demand Private Clouds for YourselfExperience the ease and speed of building an OpenMetal On-Demand Private Cloud on OpenStack. Request an online test drive and limited-time trial at: https://openmetal.io/free-trial/.

For more information on OpenMetal, visit https://openmetal.io

LinkedIn: OpenMetal.ioTwitter: @OpenMetal_io.YouTube: OpenMetalFacebook: OpenMetal.io

About OpenMetalOpenMetal, a division of InMotion Hosting (IMH), is an infrastructure-as-a-service (IaaS) company delivering cloud and cloud-based technology services that enable easy use of complex open source options to provide greater performance, productivity, and profitability for companies of all sizes. As a strategic member of the Open Infrastructure Foundation (OIF), OpenMetal is committed to empowering individuals by themselves or within teams to meaningfully contribute to the larger open source community to foster innovation that benefits all.

About OpenStack Infrastructure FoundationThe Open Infrastructure Foundation (OIF) builds communities that write open source infrastructure software that runs in production. With the support of over 100,000 individuals in 187 countries, the OIF hosts open source projects and communities of practice, including infrastructure for AI, container native apps, edge computing and datacenter clouds.

Media Contact:Tim Monner[emailprotected]877-728-9664

SOURCE OpenMetal

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Building distributed systems requires effective developer teams – ComputerWeekly.com

April 12, 2022 | Author: admin

When building a web app in previous years, it was common to have a server in a centralised datacentre that would be able to run your application. As usage grew, you would address scalability bottlenecks as they came up.

Nowadays, web apps are being built to scale from the start. Code is increasingly run on serverless platforms, in isolated virtual sandboxes that may well only exist for however long it takes to send a response back to the user. File storage and databases are increasingly managed for developers, without them ever needing to configure their own hardware.

One of the advantages of this shift is that code can live at the network edge, at internet exchange points that connect consumer ISPs to cloud hosting providers, allowing for low-latency loading times. This change necessarily means that code lives in multiple servers around the world from the point it is first deployed, rather than when scalability is needed.

Software systems that, years ago, we would have built to be centralised, are now distributed systems. These practices are even making their way into core datacentres, with technology such as Kubernetes being deployed to scale up applications automatically in virtual containers.

Over recent months, it has become apparent that some technology organisations are struggling to cross this divide, in particular, companies where software is managed as a central monolith (often purported to be a monorepo) without well-defined communication structures between the different parts of the system. Distributed systems are effective in simple systems with scalable communication structures.

Conways Law is a well-known adage in software engineering management that states: Any organisation that designs a system (defined broadly) will produce a design whose structure is a copy of the organisations communication structure.

In other words, your organisation design ultimately reflects the architecture of your software. Low-trust, centrally managed organisations will struggle to build distributed systems with effective communication structures.

To succeed in building distributed systems, you need skilled engineers who are managed effectively and motivated with the right incentive structures. This means that a culture of experimentation and psychological safety lies at the heart of building web services on the next generation of cloud technologies.

Junade Ali is an experienced technologist with an interest in software engineering management, computer security research and distributed systems.

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Who needs sleep? Miami Tech Month is off and running. Catch up! – Refresh Miami – Refresh Miami

April 10, 2022 | Author: admin

Miami Tech Month is jam-packed with events, conferences and parties, and will have something for everyone, including the annual eMerge Americas conference, a huge Miami Tech Hiring Fair, the 4-day Bitcoin 2022, a Crypto Gala and several new-to-Miami conferences. Its a chance to show off to visitors as well as celebrate what Miami Mayor Francis Suarez calls The Miami Miracle.

Miami Tech Month is already off and running, kicked off by the inaugural 3-day Miami NFT Week founded by Gianni DAlerta, Ted Lucas and Erik LaPaglia. The event, held April 1-3, ended up attracting 4,000 in person, and 3,000 more virtually. If you missed our coverage of the conference and Miami NFT Weeks origin story, find it here and here. Organizers say Miami NFT Week will return in 2023, and the team plans some smaller event activations over the next year leading up to the big event.

Ready for more? Here are some events you may want to attend. Find more events on MiamiTechMonth.com or Refresh Miamis events calendar.

Bitcoin 2022, April 6-9, Miami Beach Convention Center: The worlds largest Bitcoin conference will be back in Miami-Dade for the second year, but bigger. Organizers expect about 30,000 to attend. Hear keynotes by Founders Fund Partner Peter Thiel, psychologist and YouTube personality Jordan Peterson, tech investor Cathie Wood, El Salvador President Nayib Bukele, MicroStrategy CEO Michael Saylor and others, and this year also includes a music festival. Learn more here.

Miami Tech Happy Hour, April 6, Freehold:This recurring happy hour at the Freehold in Wynwood will celebrate the Bitcoin Miami conference with free drinks, plus each attendee will get $10 worth of Bitcoin for their Exodus Lightning digital wallets.Its one of dozens of happy hours, after-parties and other social events this month to welcome our visitors, Learn more here.

Crypto Gala, April 8, Le Rouge, Wynwood: Presented by TokenSociety, Crypto Gala promises an NFT auction, a panel with top speakers as Sean Kelly (Chibi Dinos NFT founder), Michael Terpin, Rarible founders, and Jeremy Gardner, as well as a party with a famous performer. . In addition, famous NFT artists like Ale Glatt (Fruit guy) and DoWhatYouLove agreed to donate their NFTs to charity. All of the profits from the NFT auction will go to the Miami-based female-led nonprofit Code/Art. Learn more here.

eMerge Americas + Ironhack Hackathon, April 9, Miami Dade College: Over 100 elite developers will be tasked to deploy Web3 Tech to create an innovative and unique solution that creates significant, positive change that addresses a pressing social challenge. The winning team will be awarded$10,000 cash in prize money. In addition to the cash prize, the winners will receive a prize from Ironhack. To increase inclusivity in tech there will also be a special prize from Meta for a junior team.Learn more here.

Park and Bay Cleanup, April 10, Coconut Grove: Presented by Algorand, the cleanup at Kennedy Park in Coconut Grove will benefit the Blue Scholars Initiative, an organization that connects students with hands-on marine science education opportunities.Learn more here.

BITE-Con, April 11-12, Florida Memorial University: Founded by Miami entrepreneur Temante Leary, the all-new Black Innovation Technology & Entertainment (BITE) Conference will work to connect Black students and entrepreneurs with the latest trends in emerging technologies. Speakers include Tiffany Norwood, founder of Tribetan and SimWin Sports, Saif Ishoof of Lab22c, Jacky Wright of Microsoft, Ted Lucas of Slip-n-Slide Records, Isaiah Jackson, author and founder of Miami Bitcoin Academy, and many others. BITE-CON also will announce the first-ever E-sports scholarship and fund for students at an HBCU. Networking and live entertainment will also be featured. Learn more here.

Venture Miami Tech Hiring Fair, April 14, Miami Dade College Wolfson Campus: More than 75 companies hiring for at least 2,000 positions will post up at the latest tech hiring fair produced by Miami Mayor Francis Suarezs Venture Miami team. Attendees should come ready for on-site interviews and on-the-spot hiring. An Uber voucher code, VENTUREMIAMI, will allow attendees to receive two $15 Uber credits for the event. Learn more here.

Emerge Americas, April 18-19, Miami Beach Convention Center: After a two-year pandemic-related hiatus, eMerge Americas returns, with Blockchain.com as presenting sponsor. Keynote speakers include tennis superstar and investor Serena Williams, reddit co-founder and 776 Ventures CEO Alexis Ohanian (and her husband), Blockchain.com CEO Peter Smith, Shark Tank star Kevin OLeary, OKcoin CEO Hong Fang and others. In addition to a Women Innovation and Technology Summit and an Investors Summit, eMerge will host a U.S. Conference of Mayors summit focused on cryptocurrency adoption, and as always the conference will end with the Startup Showcase winner announcement. Learn more here.

React Miami Conference, April 18-19, Miami Beach Convention Center:Organized by Michelle Bakels, React will bring together more than 400 developers for networking and educational events. Conference goers will also get free tickets to eMerge Americas. Learn more here.

Miami Tech Summit, April 20, Perez Art Museum Miami: Sayfie Review, a nonpartisan Florida politics website, will convene tech and policy leaders and the Inter-American Development Bank will open the Summit with key tech insights from its work in the Hemisphere. Learn more herel.

CoMotion Miami, April 20-21, Mana Wynwood Convention Center: CoMotion Miami again brings together the brave new worlds of tech and urban mobility. Two days of talks, workshops and demos on charting a path forward for cities. Learn more here.

Future Founder Summit, April 21, Wynwood: This invitation-only event will be presented by startup studio Atomic and will include talks by Atomic Managing Partner Jack Abraham; Cameo co-founder and CEO Steven Galanis; and eMerge Americas co-founder and President Melissa Medina. Learn more here.

Miami Tech Week, April 16-24, Miami Beach: Led by Founders Fund, Miami Tech Week will bring conferences, community events, parties, happy hours, and more to the 305. The invitation-only Summit will include keynotes by Keith Rabois, general partner at Founders Fund; Jack Abraham, founder, CEO of Atomic; David Sacks, general partner at Craft Ventures; Katherine Boyle, general partner at Andreessen Horowitz; and Maria Derchi Russo, executive director of Refresh Miami. Learn more here.

Definitely Nothing Web3 Equity x Developer DAO, April 21, Miami Beach: Learn more about NFTs, DAOs and Web3.Learn more here.

Incubate Pitch Night, April 25, NSUs Levan Center:This competition at the NSU Levan Center for Innovation in Davie will include five startup pitches in front of a live audience of investors, supporters and community members.Learn more here.

Follow Nancy Dahlberg at @ndahlberg on Twitter and email her at [emailprotected]

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The tech behind the Bitcoin Beach Wallet – CBS News

April 10, 2022 | Author: admin

This week on 60 Minutes, correspondent Sharyn Alfonsi traveled to "Bitcoin Beach," a small coastal town in El Salvador called El Zonte that has created a bitcoin economy. El Zonte is one of the first places in the world where the cryptocurrency bitcoin can be used to pay for just about anything.

American Mike Peterson, a former financial planner who moved to El Salvador, is the man behind the initiative. He told 60 Minutes his vision was for vendors to accept the currency, then pay their employees in it, which the employee could use to pay for things like utilities electronically.

"That was the goal, [a] circular economy with bitcoin, and everybody said we couldn't do it," Peterson told Alfonsi. "But, you know, you guys are here, and you see the results."

To make it happen, Peterson needed to get locals on board with his plan. He got help when, out of the blue, someone offered to launch a purpose-built bitcoin wallet app for El Zonte. That someone was Chris Hunter, a tech entrepreneur who saw an opportunity to deliver a faster and cheaper way to transact with bitcoin using the new Lightning Network.

Before connecting with Peterson and El Zonte, Hunter says he had shopped his idea to venture capitalists, who told him that he was five years ahead of his time.

"They acknowledged that the technology existed, but they thought it was simply academic or not usable for people in the real world in the year 2020," Hunter said.

After being rejected by every venture capitalist his company approached, Hunter said he read an article about Peterson in Forbes. He cold-called Peterson and told him his company, Galoy, would custom-build a wallet app for El Zonte and do it pro bono.

Peterson accepted Hunter's offer. Hunter and his Galoy team knew the wallet had to be an easy-to-use experience that, at its most basic level, helped locals save and spend their money through bitcoin. About 70% of El Salvadorans are unbanked, and most businesses do not have a credit card terminal.

"In a cash economy, introducing something novel like bitcoin in a wallet there, you have to have a good user experience in order for them to actually adopt it," Hunter said. "Otherwise, they'll just push it to the side."

The result was Bitcoin Beach Wallet. Prior to the Hunter's app, bitcoin transactions in El Zonte were both slow and expensive. They relied completely on the bitcoin blockchain, which Hunter estimates took approximately 30 minutes for final settlement. That means a person who bought a coffee with bitcoin had to wait half an hour for their funds to move into the merchant's account.

Instead, Hunter's new wallet app took advantage of the Lightning Network layered on top of bitcoin's blockchain, a technology that expedites the transaction process. Bitcoin alone can process about seven transactions per second. When the Lightning Network is included, that figure approaches 1 million transactions per second.

"Lightning is a layer on top of bitcoin that allows for these effectively free, instant settlements something that's actually faster than a credit card transaction," Hunter said.

Hunter's Bitcoin Beach Wallet is different from El Salvador's state-backed wallet Chivo, which launched in September 2021. That is when President Nayib Bukele put a law into effect requiring Salvadoran businesses to accept bitcoin, making El Salvador the first country in the world to make cryptocurrency legal tender. Unlike Bitcoin Beach, Chivo is not open source.

Bitcoin Beach Wallet is now the most popular way to use bitcoin in El Zonte. The experience of using it feels similar to Venmo or Apple Pay. Even though users pay with bitcoin, the wallet shows the equivalent value of the transaction in any currency, so they know exactly how much they are spending. It also includes a map that shows users which vendors accept bitcoin.

It may all feel very high-tech for a beach town with no paved roads. But Hunter and Peterson are betting that, if the bitcoin economy works in El Zonte, it may be a sign of things to come everywhere else.

"It is a proof of concept," Hunter said. "It is a postcard from the future."

The video above was produced by Brit McCandless Farmer and Will Croxton. It was edited by Will Croxton.

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There’s a new way to quickly send U.S. dollars around the world with bitcoin – CNBC

April 10, 2022 | Author: admin

A visual representation of Bitcoin cryptocurrency.

Edward Smith | Getty Images

There's a new and low-cost way to quickly send U.S. digital dollars around the world without a bank. And it's built on bitcoin.

Blockchain start-up Lightning Labs announced Tuesday that it's launching the Taro protocol, a technology that will route fiat-pegged stablecoins and other digital assets through the bitcoin monetary network. The project is still in development mode.

Taro uses Lightning, a payments platform built on top of bitcoin's base layer that enables global, high volume, virtually instantaneous, and low-fee transactions using the security of the bitcoin blockchain.

"It's one of those things where people don't really know how the credit card system works and it just works," Lightning Labs CEO Elizabeth Stark told CNBC.

Typically, this 'layer two' payments platform is all about making bitcoin easier to spend and receive but Lightning Labs has decided to extend the use case of this tech to other types of virtual cash.

"With this technology, you could route all the world's currencies through bitcoin," said Stark.

"People will be able to seamlessly go between bitcoin and say, a USD stablecoin, or peso, euro, yen, etc. And they can send those globally, instantly and with extremely low fees," she said.

There is bitcoin, the asset class, and then there's the global interoperable bitcoin monetary network. Lightning Labs is piggybacking off the latter.

You can think of Taro's payment workflow as enabling bitcoin to serve as a hybrid of the SWIFT financial messaging system (the communication layer) and correspondent banking (routing component).

Typically, all nodes must agree to confirm a transaction on the bitcoin network, verifying every transaction on the blockchain. The process highlights one of bitcoin's greatest strengths: its high degree of network decentralization, which is a big part of what ensures its security. But it is also relatively slow, averaging five transactions per second on bitcoin's base layer, and can be expensive.

On the Lightning Network, not all participants in the network need to agree. Instead, nodes only verify transactions with which they are directly interacting.

That difference is key. Stark tells CNBC that it's possible to execute hundreds of thousands of transactions per second on Lightning.

And then there's the cost.

"Lightning transactions can be fractions of a penny...while a bitcoin transaction at the core protocol layer can be much more expensive than that," said Alyse Killeen, founder and managing partner of bitcoin-focused venture firm Stillmark.

Twitter integrated Lightning tipping in 2021 and the technology is already deployed around the world in places like El Salvador, which made bitcoin legal tender in Sept. 2021.

But Lightning Labs says that the Taro protocol marks a major step in Lightning's capacity to serve as the underlying value transfer protocol of the internet.

"From our standpoint, we're particularly interested in the fiat and stablecoin aspects, because we're really big into emerging markets," explained Stark. "That's something near and dear to our hearts. We've seen a lot of adoption there, and there's a big demand for that."

The ultimate goal is to create a frictionless on-ramp to the global economy requiring only a mobile phone, in order to include as many people as possible in the process.

Lightning Labs which also announced it raised $70 million in Series B funding led by early Tesla and SpaceX backer Valor Equity Partners says it is releasing the technical spec for the Taro protocol, so that it can incorporate feedback from developers as it continues to build the protocol.

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Kevin O’Leary Predicts Trillions of Dollars Will Flood Into Crypto Says Bitcoin Mining Will ‘Save the World’ Featured Bitcoin News – Bitcoin News

April 10, 2022 | Author: admin

Shark Tank star Kevin OLeary, aka Mr. Wonderful, has predicted that trillions of dollars will flow into cryptocurrencies, particularly bitcoin. In addition, he said bitcoin mining will save the world.

Shark Tank star Kevin OLeary gave a keynote speech at the Bitcoin 2022 conference Thursday.

He said that based on his experience in the indexing business, massive pools of capital, these trillion-dollar pools are waiting for policy. They currently own zero or very little crypto. Its the purvey of high net worth individuals, hedge funds, and retail investors, he clarified.

Mr. Wonderful detailed:

What were missing is policy. When we get policy and the regulator regulates, thats not a negative thing. The spigots of capital are going to flood into this sector like youve never seen.

So for those of us that can invest in it now, you are going to get ahead of whats going to be a huge wave of interest when policy occurs, he added.

OLeary continued:

I predict in the next 10 years that crypto, blockchain, bitcoin all of this innovation will be the 12th sector of the S&P.

The Shark Tank star also discussed why bitcoin mining is going to save the world.

He explained: Why is bitcoin mining good for the Earth? Because the next generation of bitcoin miners are starting to work with energy that does not require carbon hydroelectricity and nuclear power, wind and solar.

Mr. Wonderful continued: The drive to produce bitcoin is so economic in value that they will go ahead and fund the next generation of machines and turbines. 90% of dams built in America in the last hundred years contemplated hydroelectricity but never installed the turbines.

He exclaimed: Ill install the turbines. Why? Because its great economics if I can use that and not be hassled by a carbon audit. Noting that It provides for communities, it provides extra power, the Shark Tank star opined:

This is the future of bitcoin mining. We will be developing power for all communities while we mine coin in an ethical and 100% green mandate that we can do with hydroelectricity.

OLeary further said: The beautiful strategy here is when we get policy When we make bitcoin an allocation for institutions, which they do not have yet, what I predict will happen: they will put between 50 basis points to 300 basis points into their portfolios. He concluded:

How much money is that? Trillions of dollars. So if you want to see bitcoin appreciate in value, if you are an advocate like I am You want regulation and you stand back and watch the capital pour into this.

What do you think about Kevin OLearys comments? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Inside the Bitcoin Bust That Took Down the Webs Biggest Child Abuse Site – WIRED

April 10, 2022 | Author: admin

As responses from exchanges with those users identity information began to pour in, the team started the process of assembling more complete profiles of their targets. They began to collect the names, faces, and photos of hundreds of menthey were almost all menfrom all walks of life, everywhere in the world. Their descriptions crossed boundaries of race, age, class, and nationality. All these individuals seemed to have in common was their gender and their financial connection to a worldwide, hidden haven of child abuse.

By this time, the team felt theyd pinned down the sites Korean administrator with confidence. Theyd gotten a search warrant for Son Jong-woos Gmail accounts and many of his exchange records, and they could see that he alone seemed to be receiving the cashed-out proceeds from the sitenot his father, who increasingly seemed to the investigators like an unwitting participant, a man whose son had hijacked his identity to create crypto-currency accounts. In Son Jong-woos emails, they found photos of the younger man for the first timeselfies hed taken to show friends where hed chipped a tooth in a car accident, for instance. He was a thin, unremarkable-looking young Korean man with wide-set eyes and a Beatles-esque mop-top of black hair.

But as their portrait of this administrator took shape, so too did the profiles of the hundreds of other men who had used the site.* A few immediately stuck out to the investigative team: One suspect, to the dismay of Thomas Tamsi and his Homeland Security colleagues, was an HSI agent in Texas. Another, they saw with a different sort of dread, was the assistant principal of a high school in Georgia. The school administrator had posted videos of himself on social media singing duets, karaoke-style, with teenage girls from his school. The videos might otherwise have been seen as innocent. But given what they knew about the mans Bitcoin payments, agents who had more experience with child exploitation warned Janczewski that they might reflect a form of grooming.

These were men in privileged positions of power, with potential access to victims. The investigators could immediately see that, as they suspected, they would need to arrest some of Welcome to Videos users as quickly as possible, even before they could arrange the takedown of the site. Child exploitation experts had cautioned them that some offenders had systems in place to warn others if law enforcement had arrested or compromised themcode words or dead mans switches that sent out alerts if they were absent from their computer for a certain period of time. Still, the Welcome to Video investigation team felt they had little choice but to move quickly and take that risk.

Another suspect, around the same time, came onto their radar for a different reason: He lived in Washington, DC. The mans home, in fact, was just down the street from the US attorneys office, near the capitals Gallery Place neighborhood. He happened to live in the very same apartment building that one of the prosecutors had only recently moved out of.

That location, they realized, might be useful to them. Janczewski and Gambaryan could easily search the mans home and his computers as a test case. If that proved the man was a Welcome to Video customer, they would be able to charge the entire case in DCs judicial district, overcoming a key legal hurdle.

As they dug deeper, though, they found that the man was a former congressional staffer and held a high-level job at a prestigious environmental organization. Would arresting or searching the home of a target with that sort of profile cause him to make a public outcry, sinking their case?

Just as they trained their sights on this suspect in their midst, however, they found that he had gone strangely quiet on social media. Someone on the team had the idea to pull his travel records. They found that he had flown to the Philippines and was about to fly back to DC via Detroit.

There were suitcases still not fully unpacked from the trip. The man had ordered a pizza the night before, and part of it remained uneaten on the table.

This discovery led the agents and prosecutors to two thoughts: First, the Philippines was a notorious destination for sex tourism, often of the kind that preyed on childrenthe HSI office in Manila constantly had its hands full with child exploitation cases. Second, when the man flew back to the US, Customs and Border Protection could legally detain him and demand access to his devices to search for evidencea bizarre and controversial carve-out in Americans constitutional protections that, in this case, might come in handy.

Would their DC-based suspect sound the alarm and tear the lid off their investigation, just as it was getting started?

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Inside the Bitcoin Bust That Took Down the Webs Biggest Child Abuse Site - WIRED

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Titans become first NFL team to accept Bitcoin as payment – Titans Wire

April 10, 2022 | Author: admin

Last week, the Tennessee Titans made history when they became the first team to accept the cryptocurrency bitcoin for payments.

According to Shawn Amick of Bitcoin Magazine, the Titans will accept the cryptocurrency as payment for season tickets, suites, PSLs, sponsorship opportunities with the team, and Nissan Stadium events at first.

Down the road, the team hopes to expand it to single tickets, merchandise, and food and beverage sales.

The Titans received advice on how to make this happen through a partnership with Bitcoin Magazine and Nashville-based digital assets fund, UTXO Management.

Tennessee is the fourth major sports franchise to accept bitcoin as payment, joining Major League Baseballs Oakland Athletics and the National Basketball Associations Dallas Mavericks and Sacramento Kings.

Were proud to partner with the Tennessee Titans as they start their Bitcoin journey and offer fans a new way to pay, David Bailey, CEO of BTC Inc and partner at UTXO Management said. 2022 is a special year as we continue to work with professional sports teams to help educate and further mass adoption of Bitcoin. The Titans are a top NFL franchise and a natural fit for this partnership.

Bitcoin payments made to the team will go through a third-party conversion service.

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Titans become first NFL team to accept Bitcoin as payment - Titans Wire

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