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Microsoft extends security updates for Windows and SQL Server 2012 and 2008 – The Register

July 21, 2021 | Author: admin

Microsoft has announced Extended Security Updates for Windows Server 2008 and 2012, and for SQL Server 2012 and made it free if you run them in its Azure cloud.

The current extended support offering for Windows Server 2012 and 2012 R2 ends on October 10, 2023. However, Monojit Bhattacharya, a product management leader for Azure and member of Microsofts Windows Server Team, has revealed that Redmond is offering Extended Security Updates for three years.

SQL Server 2012, for which extended support ends on July 12, 2022, has also been given an extra three years of security updates.

Microsofts made this an offer thats hard to resist by making it free if users move their workloads into Azure. They also must apply the Azure Hybrid Benefit a scheme that allows use of on-prem licences acquired under Software Assurance.

Azure Hybrid Benefit includes lower Azure prices than are available with other offers. Microsoft seldom tires of pointing out that the Benefit therefore makes Azure the cheapest place to run Windows Server and SQL Server in the cloud.

If you persist in running on-prem, Microsoft will ramp the price of the extended update offering. In year one itll cost three quarters of your licence costs, in year two the price will be at parity, and in year three Extended Security Updates will cost 125 per cent of the license cost.

Windows Server 2008 and SQL Server has also been given a little extra love, with one more year of updates offered but only in Azure.

SQL Server and Windows Server 2008 and 2008 R2 Extended Security Updates are currently scheduled to end on July 9, 2022, and January 14, 2023, respectively.

News of the Extended Security Updates was revealed at Microsofts partner centric Inspire virtual gabfest which, in addition to the announcement of cloudy Windows 365 desktops, saw Redmond reveal:

Inspire continues tomorrow.

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Microsoft extends security updates for Windows and SQL Server 2012 and 2008 - The Register

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Data Center Accelerator Market to Witness Huge Growth by 2027 scrutinized in the new analysis – WhaTech – WhaTech

July 21, 2021 | Author: admin

Data Center Accelerator Market by Processor Type (CPU, GPU, FPGA, ASIC), Type (HPC Accelerator, Cloud Accelerator), Application (Deep Learning Training, Public Cloud Interface, Enterprise Interface), and Geography - Global Forecast to 2026

Request a sample on this latest research report @ http://www.reportsnreports.com/contactme=1626494

Growing applications of deep learning are anticipated to surge the adoption ofdata center accelerator

Data center accelerator market was valued at USD 13.7 billion in 2021 and is anticipated to reach USD 65.3 billion by 2026, growing at a CAGR of 36.7% between 2021 to 2026. The growing demand for data center accelerator in applications such as deep learning is driving the growth of data center accelerator market.

Deep learning services being made available over the cloud are reducing the initial costs associated with executing business operations and curtailing server maintenance tasks. A growing number of tech giants and startups have begun offering machine learning as a cloud service due to the burgeoning demand for AI-based computation.

Most companies and startups do not develop their own specialized hardware or software to apply deep learning to their specific business needs. Cloud-based solutions are ideal for small and midsized businesses that find on-premises solutions costlier.

Thus, the increasing adoption of cloud-based technology is necessitating the need for deep learning.

Artificial intelligence to drive the growth of cloud data center

Cloud data center is dominating the data center accelerator market owing to rise in demand for AI based solution.

The growth of AI is leading to changes in cloud server configuration. The cloud computing market has witnessed significant growth owing to the surge in the volume of data being transferred to the cloud from consumers.

The surge in AI-centric data has led to the growth of co-processors (accelerators) embedded in the servers. The accelerators optimize data processing at the servers by reducing the latency.

According to Intel, currently, ~7% of the servers are used in deep learning activities. There are ~12 million server units around the globe as of 2021.

In the AI-capable servers for deep learning training, the typical CPU to GPU attach rate is 14 GPUs; in some cases, it is around 18 GPUs. Deep learning is expected to account for the majority of cloud workload during the forecast period, which, in turn, is likely to propel the demand for accelerators for cloud servers.

More than one-third of servers to be shipped in 2026 are likely to run either deep learning training algorithms or deep learning inference algorithms. Accelerators are likely to be deployed in the cloud servers for both public and enterprise cloud inference applications.

However, training applications are expected to account for the majority of the server applications by the end of 2026.

Asia Pacific is the fastest-growing region in the data center accelerator market

The data center accelerator market in APAC is anticipated to register the highest CAGR of 42.7% between 2021 and 2026. The organizations in APAC have more preference for deploying a hybrid cloud.

The organizations are adopting a mix of on-premises, third-party, co-location, private cloud, hosted cloud, and public clouddepending on the nature of workloads, legacy decisions made by the team, budgets, and technology maturity within the organization.

The 2 major players in the data center accelerator market are NVIDIA Corporation (US) and Intel Corporation (US). Intel mainly focuses on its Xeon Phi processors and FPGA co-processors; however, NVIDIA has nearly reached a monopoly in the data centers accelerator market with its GPU accelerators.

Apart from NVIDIA and Intel, several start-ups are working on ASIC and FPGA accelerator architectures.

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Data Center Accelerator Market to Witness Huge Growth by 2027 scrutinized in the new analysis - WhaTech - WhaTech

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Ushering in the Next Era of Innovation with Cloud-in-a-Box – RTInsights

July 21, 2021 | Author: admin

Cloud-in-a-box promises to be revolutionary for businesses across the board, taking efficiency and innovation to new heights, ultimately allowing them to delight their customers.

Imagine youre a healthcare provider, retail chain, or large bank with hundreds of locations scattered across dozens of communities. Each location may require servers for critical business applications and an ever-increasing number of IoT devices to deliver the desired customer experience. Connecting everything to allow access to data, content, and any enterprise applications housed in remote data centers or public clouds will usually also require additional on-site network devices such as routers, firewalls, and session border controllers, among others. Enter cloud-in-a-box.

What if we said goodbye to the typical collection of disparate hardware at each site and instead used a single, more capable device that combined virtual network functions with the virtual applications required to run the enterprise? To deliver improved customer experiences, businesses like manufacturers, retailers, and hospitals can embrace the adaptability, reliability, and scalability that virtualized networks provide. Those that do can increase efficiency, reach new heights in customer satisfaction, and see reduced OpEx along the way.

For example, a retailer will typically have servers running applications that support secure payment processing, inventory management, Point-of-Sale promotions as well as network devices for routing, firewalls for security, and load balancing to manage connectivity to other sites, suppliers, and cloud providers.

If any one application or network function goes down or the device needs to be replaced, upgraded, or patched, IT staff are usually required to make an in-person visit for troubleshooting and maintenance. In-person visits are known to be service velocity killers and significant cost drivers. They can disrupt operations at the site for hours or days. Whats worse is that any issue, and its associated costs, can crop up in multiple sites simultaneously, multiplying the time and money required to get sites up and running again.

Virtualization eliminates this kind of business disruption. Better yet, it supercharges innovation, eliminating pains while delivering gains at the same time.

Cloud-in-a-box, which is perhaps more commonly referred to as Business in a Box or Infrastructure in a Box, is ushering in a new era of efficiency and innovation for enterprises in our increasingly application-heavy world. With this approach, business applications and Virtualized Network Functions (VNFs) are rolled into a single physical device, which sits at the edge and is managed from a central location.

Think about when you install or update an application on your smartphone; what if a technician had to meet you in person rather than just clicking a button yourself? That would take a lot of time, money, and resources to happen since applications are constantly being updated.

With smartphones, were able to download new applications and updates as fast as download speeds permit. New security patches and features are rolled out within minutes, and developers are able to use insights from application usage to optimize and improve the user experience.

This scenario is the reality for enterprises today as workloads are moving more quickly, the virtualized edge enables quicker innovation and faster deployment of applications to branch locations.

Lets look at a manufacturer as an example. Smart milling machines within this enterprises Industrial Internet of Things (IIoT) require low latency to function at their designed precision. They are able to run unique IIoT and private 5G applications. With a cloud-in-a-box deployment, all applications and VNFs can be deployed across all plants, regardless of where theyre based in the world. That increases consistency, improves reliability, and provides additional paths for business continuity. These intelligent cloud platforms allow the development of applications that improve process controls, assist inventory tracking, and provide real-time performance measurement. They can provide insight from different manufacturing operations management systems and aid in accelerating root-cause analysis.

Service providers can generate new revenue by providing both the onsite cloud-in-a-box capabilities as well as by providing multi-tenant application hosting/compute capabilities in a central office serving multiple customer locations in a metro area.

How close are we to this technology being a reality? Closer than you may think! To get there, we need software-enabled adaptive networks with open architectures, which not only allow service providers to adaptably support multiple customers with a variety of application needs but which also allow enterprises the choice and flexibility of VNF and application vendors in a best-of-breed method. According to our estimates, this can save the business up to 40% in OpEx.

Cloud-in-a-box is set to provide a way for us to make the management of branch IT simpler. This promises to be revolutionary for businesses across the board, taking efficiency and innovation to new heights, ultimately allowing them to delight their customers. Service providers must now aim to do the same.

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ADLINK Joins the O-RAN ALLIANCE to Accelerate Network Interoperability and Enterprise Migration to 5G – PR Web

July 21, 2021 | Author: admin

5G Open RAN will play a critical role in driving 5G adoption and enterprise digital transformation across industries. ADLINK is committed to accelerating the innovation and implementation of the open architecture.

TAIPEI, Taiwan (PRWEB) July 20, 2021

Summary: -ADLINK joins the O-RAN ALLIANCE as a Contributor member to facilitate technology innovation for 5G Radio Access Networks (RAN), and the integration of hardware and software for open interface-driven, disaggregated networks.-ADLINK will contribute its experience developing 5G Multi-access Edge Computing (MEC) edge servers, NVIDIA GPU Cloud (NGC)-Ready and AWS IoT Greengrass validated, and Intel IoT RFP Ready Kit (RRK) approved edge solutions to actively expand the ecosystem. -ADLINK will continue collaboration with SageRAN, Toolsensing, Arraycomm and other O-RAN members to develop rapid-deployment 5G RAN solutions based on best-of-breed, O-RAN standard compliant white box platforms.

ADLINK Technology Inc., a global leader in edge computing, joins the O-RAN ALLIANCE as a Community Member to actively contribute to the ALLIANCE mission to bring intelligent, open, virtualized and fully interoperable mobile networks to the Radio Access Network (RAN) industry. ADLINK brings proficiency developing Open Telcom IT Infrastructure (OTII)-compliant, standards-based 5G MEC edge servers for deployments in 5G Open RAN, 5G small cell solutions, and private 5G networks that it can share with a global community of mobile network operators, academic and research institutions.

5G Open RAN will play a critical role in driving 5G adoption and enterprise digital transformation across industries. ADLINK is committed to accelerating the innovation and implementation of the open architecture, said Erik Kao, General Manager, Networking, Communication & Public Sector, ADLINK. We have been working with our solution partners and customers on a list of trial projects in manufacturing, mining and connected car infrastructure, and we will continue to work with O-RAN ALLIANCE members to develop O-RAN standards compliant, cost-effective and scalable 5G Open RAN solutions.

ADLINKs MECS-61xx/72xx edge servers and PCIe-A100 FEC accelerator deliver processing power, reliability, and expansion capabilities to 5G Open RAN 5G Open RAN overcomes the limitations of proprietary designs that make interoperability between vendors difficult or impossible by introducing open architecture to the fronthaul of networking architecture. Built with cost-effective, commercial-off-the-shelf (COTS) architecture, Intel Xeon Scalable and Xeon D processors, 4x10G SFP+ networking components, and dual to four PCI Express x16 slots for processing, ADLINKs MEC edge servers meet 5G needs for high-performance CPUs and GPUs, right-sized storage, and memory for sustaining peak I/O rates.

-The MECS-72xx series is a family of 2U 19 OTII-compliant and NVIDIA NGC-Ready validated edge servers. NGC-Ready validation means that MECS-72xx edge servers passed an extensive suite of tests certifying their ability to deliver high performance running NGC containers and accelerate 5G Edge AI deployments across industries.

-The MECS-61xx series is a family of 1U 19 OTII-compliant edge servers designed for the edge of 5G networks. It provides an open, white box platform for 5G Open RAN, private 5G networks, and a wide range of 5G MEC applications. MECS-61xx edge servers meet multiple application and deployment requirements, enabling customers to focus on differentiating their end solutions.

The PCIe-A100 is a 5G forward error correction (FEC) accelerator based on the Intel vRAN Dedicated Accelerator ACC100 eASIC device. Supporting a host of functions such as Turbo coding and low-density parity check (LDPC), the accelerator increases channel throughput in edge applications while lowering data latency and overall platform power consumption.

Collaborations deliver technology breakthroughs ADLINK works with O-RAN ALLIANCE members such as Sageran and Amazon Web Services (AWS) to meet the full potential for 5G deployment. ADLINK and Sageran formed an alliance to create a 5G small cell design that could deploy anywhere. Approved as an Intel IoT RFP Ready Kit (RRK), the 5G small cell solution features lower capital expenditure (CapEx) and operating expenditure (OpEx), easy plug-and-play deployment, support for open RAN architectures, and Wi-Fi integration that remains distinct.

ADLINKs MECS series edge servers with AWS IoT Greengrass brings AI to the edge through IoT smart vision solutions such as ADLINK's latest generation NEON SeriesSmart Camera, which includes a NVIDIA Jetson Xavier NX SOM for increased computing power, advanced image processing, and machine vision solutions. The edge servers and cloud services work together to connect and integrate cameras, conveyors, automation systems, factory management systems, and cloud to make production lines intelligent.

Commitment to the transformative potential of 5G Most major network solution providers use proprietary designs that make interoperability between vendors difficult or impossible. ADLINK is committed to open standard compliance to ensure interoperability between hardware and software from different vendors. ADLINK demonstrates its commitment through membership in the O-RAN ALLIANCE, implementation of 5G open architecture and MEC computing in edge servers, and key partnerships to accelerate the commercialization of 5G RAN solutions.

Learn more about ADLINK 5G edge servers and MEC applications.

About ADLINK TechnologyADLINK Technology Inc. (TAIEX:6166) leads edge computing, the catalyst for a world powered by artificial intelligence. ADLINK manufactures edge hardware and develops edge software for embedded, distributed and intelligent computing from powering medical PCs in the intensive care unit to building the worlds first high-speed autonomous race car more than 1600 customers around the world trust ADLINK for mission-critical success. ADLINK holds top-tier edge partnerships with Intel, NVIDIA, AWS and SAS, and also participates on the Intel Board of Advisors, ROS 2 Technical Steering Committee and Autoware Foundation Board. ADLINK contributes to open source, robotics, autonomous, IoT and 5G standards initiatives across 24+ consortiums, driving innovation in manufacturing, telecommunications, healthcare, energy, defense, transportation and infotainment. For over 25 years, with 1800+ ADLINKers and 200+ partners, ADLINK enables the technologies of today and tomorrow, advancing technology and society around the world. Follow ADLINK Technology on LinkedIn, Twitter, Facebook or visit adlinktech.com.

About O-RAN ALLIANCEO-RAN ALLIANCE was founded in February 2018 by AT&T, China Mobile, Deutsche Telekom, NTT DOCOMO and Orange telecom companies. O-RAN ALLIANCE's mission is to re-shape the RAN industry towards more intelligent, open, virtualized and fully interoperable mobile networks. For more information, visit https://www.o-ran.org/.

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ADLINK Joins the O-RAN ALLIANCE to Accelerate Network Interoperability and Enterprise Migration to 5G - PR Web

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Thousands of companies compromised by REvil Ransomware the supply chain strikes again – Security Boulevard

July 21, 2021 | Author: admin

On July 2, news emerged of a large-scale attack leveraging the Kaseya VSA network monitoring and management solution to deploy a variant of the REvil ransomware. The attackers claimed that more than a million devices had been infected and they demanded $70 million in Bitcoin to publish a tool to decrypt the files of all victims.

Since then Kaseya recommended customers to disable on-premise VSA servers immediately, took their SaaS offering offline, then released patches for the on-premise vulnerabilities and restored the SaaS servers.

This recent event is illustrative of three very important trends in the current attacker landscape. First, the rise of Cybercrime-as-a-Service. Second, the use of ransomware, which is sometimes coupled with extortion and threats of publishing exfiltrated data to increase financial gains. Third, the leveraging of supply-chain components to compromise several organizations at the same time, which makes this attack reminiscent of the SolarWinds hack at the end of 2020.

Below, we discuss the attack and what Forescout customers should do.

REvil, also known as Sodinokibi, is a Ransomware-as-a-Service group, which means that the same encryption malware can be used by many different affiliate malicious actors who only have to figure out how to compromise target networks and deploy the malware. The revenue is then divided between ransomware developers and affiliates.

Forescout first noticed REvil in September, 2019 and they have been very active ever since. The group was behind recent attacks on meat supplier JBS (which resulted in the company paying $11 million to recover their systems) and computer manufacturer Acer (when they demanded a $50 million ransom, the largest ever until now), to name a few.

The current attack leveraged Kaseya VSA, which is a remote monitoring and management solution used by several managed service providers (MSPs) companies that use Kaseya software to manage smaller businesses. The tool provides a central dashboard to monitor and manage endpoints and deploy security patches, among other functions.

The main vulnerabilities used in the attack were CVE-2021-30116 (a credentials leak and business logic flaw), CVE-2021-30119 (a cross-site scripting) and CVE-2021-30120 (a two-factor authentication bypass). The vulnerabilities were discovered by the Dutch Institute for Vulnerability Disclosure (DIVD) and reported to Kaseya, who was working on the patches even before the REvil attack happened. Using these vulnerabilities, the actors delivered ransomware via an automated (fake) software update from compromised VSA servers to VSA agents running on managed Windows devices.

Kaseya reported that 50 customers were affected. Around 40 of those were MSPs, which means that their customers could also be affected. In the end, the company said that around 1500 organizations were affected, many of which are small and medium sized businesses.

As recommended by Kaseya, any on-premise VSA server should be immediately patched.

We see 116 customers on Device Cloud with Kaseya installed on their devices (close to 7% of the total 1,688 customers uploading data to Device Cloud). On these customers, we see close to 30,000 devices with the agent and 9 with the server, divided by industry verticals as shown below.

These customers can use eyeSight to locate devices running the VSA server or agent using the Windows Applications Installed attribute given by the HPS Inspection Engine plugin. The values to look for are Kaseya Agent and Kaseya Server.

Once devices running Kaseya are identified, users can procced with patching as described by Kaseya. CISA/FBI also recommend to download and run the IoC detection tool provided by Kaseya on both servers and managed endpoints to detect signs of intrusion.

The post Thousands of companies compromised by REvil Ransomware the supply chain strikes again appeared first on Forescout.

*** This is a Security Bloggers Network syndicated blog from Forescout authored by Forescout Research Labs. Read the original post at: https://www.forescout.com/company/blog/thousands-of-companies-compromised-by-revil-ransomware-the-supply-chain-strikes-again/

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Pivot3 gives up ghost as Quantum buys its assets to go deeper into video surveillance Blocks and Files – Blocks and Files

July 21, 2021 | Author: admin

Hyperconverged and video surveillance systems startup Pivot3 has sold its assets to Quantum for just $8.9M in cash and stock after raising $274M in total funding giving Quantum a solid stake in the video surveillance market.

Quantum supplies file and object lifecycle management hardware and software for the media and entertainment industry, featuring workflow integration with SSD, disk (file + object), tape and public cloud storage. It has an existing VS-HCI network video recorder product line. Pivot3 was started up in 2003 as a hyperconverged infrastructure (HCI) vendor and built up a 500-strong customer business in video surveillance systems. It went through eight VC funding rounds and has now sold its business assets at fire sale prices.

Quantum CEO Jamie Lerner issued a statement: Surveillance cameras are the biggest data generator on the planet, and Pivot3 has established [itself] as one of the leaders in this space by pioneering the use of hyperconverged software for surveillance recording.

He added: This acquisition represents another key step in Quantums transformation, solidifying the company as a serious player in the multi-billion-dollar video surveillance market, expanding our global customer base, sales channels, and technical expertise specific to this industry.

Jamie Lerner was, in fact, Pivot3s Chief Operating Officer from November 2016 to June 2018; hes not unacquainted with its business.

Pivot3 had to make significant layoffs in March last year, due to the pandemic. Clearly business conditions have not eased from its point of view, and the firm has had to fold. It must have been a truly miserable year.

Quantum is getting a portfolio of video surveillance appliances, network video recorders (NVRs), and management applications, along with a scale-out hyperconverged software platform, which will all be offered under the Quantum VS-Series product portfolio. It is buying in intellectual property around distributed storage, data placement, erasure coding, and storage quality of service.

It now also gets Pivot3s global customer base of over 500 new surveillance customers with deployments including airports, mass transit, casinos, education, and smart cities. Pivot3 partners will presumably become Quantum partners.

Quantum will take on board some Pivot 3 employees in engineering, product and sales organisations with deep expertise in video surveillance systems. The others, we fear, will be laid off. The new employees joining Quantum will be under direction of the Strategic Markets Business Unit, led by Ross Fujii, General Manager. Sales will be led by Curt Wittich, Pivot3s VP for worldwide sales.

Wittich exposed some of the thinking behind the acquisition in his supplied statement: We believe its critical to manage the video surveillance data lifecycle, from initial capture through expiration, and adding Pivot3 to the Quantum portfolio expands our ability to address security projects of every size and scope.

Surveillance traditionally utilises one-size-fits-all products that address only primary video storage, but higher quality cameras and increasing retention requirements demand different solutions to support video at various lifecycle stages. These solutions range from entry-level VMS servers all the way to cloud or tape storage for multi-year, multi-petabyte retention. Quantums portfolio covers the entire lifecycle for optimal video placement, accessibility, and cost effectiveness.

The transaction is subject to customary closing conditions, and the parties expect to close by 22 July, 2021.

Its a sad end for Pivot3 but not a dead end, as its products and technology are being taken on board by growing Quantum. CEO Bill Stover has no doubt played his final cards as best he can but $8.9M and not all of that in cash is a poor, poor return for $274 million in invested VC capital and other funding. Stover took over from prior CEO Ron Nash in July 2019, when times started getting hard.

Founder and CTO Bill Galloway has just retired, the startup dream having not been realised. CMO Bruce Milne retired in June.

This basically leaves Scale Computing and Nutanix as the last of the original HCI startup band, along with StorMagic and its VSAN software. Nutanix is the hero of the bunch, having progressed to IPO. HPE bought Left Hand Networks and SimpliVity, and made a disaggregated HCI product using its acquired Nimble arrays.

Cisco bought Springpath to develop its HyperFlex product. VMware bought Datrium. Dell developed its own VxRAil line, using VMwares VSAN, and thus didnt need to buy a startup to get HCI technology.

IBM missed the boat. NetApp tried to get into the HCI market with its SolidFire Elements dHCI product but more or less gave up. Atlantis crashed out, as did Maxta.

Thats it. The HCI startup dream has matured into a handful of surviving players: Dell, VMware, HPE, and Nutanix lead the industry. Cisco is still in there and both Scale Computing and StorMagic continue, as does DataCore which climbed aboard the train alongside its existing business.

Research house GigaOm says the HCI market has split into enterprise and SME/Edge sectors, and provides Radar screen-style research documents for both.

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Here’s how altcoin futures volumes and the USD lending rate signal market crashes – Cointelegraph

July 21, 2021 | Author: admin

Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain.

These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data from altcoin derivatives volumes and the Bitfinex U.S. dollar lending rate.

The futures contract volume is usually triple that of, or even five times higher than, regular spot markets. This phenomenon is not exclusive to cryptocurrency markets, as these contracts allow leverage trading, but the comparison isn't exactly fair because the contracts are synthetic products, while Bitcoin (BTC) is digitally scarce.

By measuring the market share of Bitcoin, Ether (ETH) and the remaining altcoins, it is possible to analyze exactly what traders are focusing on.

The chart above shows that Bitcoin and Etherrepresented 65% to 85% of the aggregate volume in March. Still, as altcoins gained relevance, this figure dropped to 45% for the first time ever on April 6. 11 days later (April 17), the total cryptocurrency market capitalization tanked 20%.

This phenomenon repeated itself on May 6 as the Bitcoin and Ether market share in derivatives volumes reached a historical low at 39%. On May 10, the total market capitalization dropped 12%. It seems like too much of a coincidence, and it makes sense to consider whether the market overheats whenever the market share held by altcoin derivatives spikes.

There are multiple reasons to relate a sharp increase in altcoin volume to excessive optimism. For example, changing focus from Bitcoin and Ether indicates that investors no longer see much upside and are seeking options elsewhere.

Margin trading allows an investor to leverage their trading position by borrowing money. For example, borrowing dolla will allow one to buy Bitcoin, thus increasing their exposure. Although there's an interest rate involved with borrowing, the trader expects BTC's price appreciation to compensate for it.

Whenever there's excessive demand for the dollar lending rate, it is usually an indicator that the market is becoming reckless.

The above data shows that such an event happened four times in 2021, and the last one occurred on April 13, one day before the $65,800 all-time high for Bitcoin. For example, reaching a 0.16% daily rate is equivalent to a 5% monthly fee, which is costly even for the most optimistic investors.

Traders should keep in mind that markets can remain irrational longer than any investor can remain solvent. This means that irrationality can prevail for long periods, including altcoin euphoria and the excessive use of leverage by buyers.

Whenever multiple indicators point to an overheating market, traders should always consider reducing their positions. Going forward, the altcoin futures market share and the Bitfinex dollar lending rate should be carefully monitored when searching for market tops.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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BitMEX Introduces Altcoin and DeFi Basket Indices & Derivatives Contracts, First to be Available 24/7 on Fully Verified Platform – PRNewswire

July 21, 2021 | Author: admin

MAHE, Seychelles, July 20, 2021 /PRNewswire/ -- BitMEX, one of the world's leading crypto derivatives platforms, today announced the launch of the BitMEX ALTMEX Basket Index (.BALTMEX) and the BitMEX DEFIMEX Basket Index (.BDEFIMEX), which track the performance of the top ten cryptocurrencies in the Altcoin and DeFi markets, respectively.

BitMEX also introduced the ALTMEXUSD and DEFIMEXUSD Quanto Perpetual Swaps - innovative derivatives contracts invented by BitMEX that enable users, all of whom have completed comprehensive user verification, to gain exposure to the market's top cryptocurrencies.

The launch of the BitMEX Basket Indices represents a milestone for crypto investors who until now lacked the ability to hedge risk or trade crypto basket products on a 24/7 crypto derivatives platform with a fully verified user base and comprehensive Know-Your-Customer requirements.

"The establishment of these basket indices is an unmistakable sign of the continued evolution of crypto as an asset class," said Alex Hptner, CEO of 100x Group, the holding structure behind BitMEX. "The cryptocurrency market demands an advanced, secure, and highly liquid trading platform like ours on which to trade. The BitMEX ALTMEXUSD and DEFIMEXUSD derivatives products are the first in the industry to be available on a 24/7 crypto derivatives platform with a fully verified user base, which will appeal to traders in an environment where compliance and security are increasingly top-of-mind."

It's a great time to be on BitMEX, with excellent platform performance alongside top tier liquidity and security. Sign up for an account here. Users can also trade on the go with BitMEX Mobile, available in over 140 countries.

MORE INFORMATION

The cryptocurrencies represented in each basket are as follows:

The BitMEX ALTMEX Basket Index (.BALTMEX):

Constituent

Index Multiplier

Market Cap Share

BNB

0.07078653

20.00%

ADA

14.89815288

20.00%

DOGE

65.55702677

15.01%

XRP

23.21700023

14.87%

DOT

0.48176854

7.10%

UNI

0.29550574

5.68%

BCH

0.00940295

4.61%

LTC

0.03359651

4.48%

SOL

0.13713494

4.36%

LINK

0.2198593

3.89%

The BitMEX DEFIMEX Basket Index (.BDEFIMEX):

Constituent

Index Multiplier

Market Cap Share

UNI

0.9859852

20.00%

LINK

1.07263338

20.00%

AAVE

0.04467642

12.13%

MKR

0.00340582

9.40%

LUNA

1.45538761

8.39%

COMP

0.01853168

8.11%

AVAX

0.59972503

7.26%

GRT

10.07942781

7.18%

YFI

0.00010012

4.14%

SUSHI

0.44255636

3.39%

Trading started at 04:00 UTC on 20 July 2021. More details are available here: https://bit.ly/3B1G7PQ.

BitMEX has launched new products nonstop this summer,includingthe AAVEUSDT Perpetual Swap, MATICUSDT Perpetual Swap,VETUSDT Perpetual Swap, SOLUSDT Perpetual Swap, FILUSDT Perpetual Swap, and the introduction of the XBTEUR Perpetual Swap and Futures contracts. To stay up to date on the latest, visit our blog, follow us on Twitter, or join our Telegram channel.

About BitMEX

BitMEX is the next-generation cryptocurrency trading platform, which supports leveraged trading via Perpetual and Futures Contracts. Our mission is to professionalise the trading of cryptocurrency derivatives. We offer a fast, safe, and liquid way to trade and hedge cryptocurrency risk. For more information, visit http://www.bitmex.com.

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BitMEX Introduces Altcoin and DeFi Basket Indices & Derivatives Contracts, First to be Available 24/7 on Fully Verified Platform - PRNewswire

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Altcoin Daily Looks at Ethereum, Cardano, and 6 Other Altcoins – CryptoGlobe

July 21, 2021 | Author: admin

Recently, crypto analystAaron Arnold, Co-Founder and host of the Altcoin Daily YouTube channel, shared his thoughts on Bitcoin, Ethereum, Cardano, and six other popular cryptoassets.

Arnold said he was positive about the launch of version 3.0 of the mainnet for Theta Network ($THETA).

The YouTube host said the update would help improve the platforms streaming quality and delivery of content.

Arnold was also bullish on the V3 update for Uniswap($UNI) , which he said has captured 41% of the decentralized exchange market.

Yesterday, Uniswap Labs announced the Alpha launch of Uniswap V3 on Optimistic Ethereum:

However, he predicted that UNIs primary competitor SushiSwap would also have a strong year following the debut of its non-fungible token (NFT) platform. Arnold said $SUSHI would do big things going into the final two fiscal quarters of the year.

Arnold noted Cardano was leading all altcoin projects on GitHub over the past 30 days in terms of daily developer activity.

The Altcoin Daily host was likewise bullish on Ethereum, saying $ETH had added five million unique addresses to its network over the last thirty days.

As reported by The Daily HODL, Arnold said,

Numbers like this, charts like this, cannot be ignored, my friend. The proof is in the data. And finally on ETH, Ethereum gas prices dropped to the lowest rates since March 2020. You can attribute this since the price dropped. However, Coinmetrics says Ethereum gas prices actually began declining before the price of ETH did because ETH has been doing some scaling this year.

Arnold rounded out his top picks with smart contract platform Avalanche ($AVAX), Binance Coin ($BNB), and Sandbox ($SAND) as altcoins to finish out the year on a high note.

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image by Pexels from Pixabay

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Altcoin Daily Looks at Ethereum, Cardano, and 6 Other Altcoins - CryptoGlobe

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These Altcoins Are The Future Of Cryptocurrency – ValueWalk

July 21, 2021 | Author: admin

As the most popular cryptocurrency by far, Bitcoin is often assumed to represent the entire ecosystem. So when critics point out the amount of energy that is being used by the Proof of Work network, the market as a whole is affected.

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In reality, many cryptocurrencies use a different technology to secure and operate their networks called Proof of Stake, which does not require the electrical load of Bitcoin. The comparatively negligible environmental impact of Proof of Stake based cryptos is an important advantage, but the opportunity is much larger than that. These protocols have a number of other positives, most importantly scalability and speed, which facilitate a wide range of new and exciting uses.

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Nowhere is this more evident than in Ethereum, the second largest crypto by market capitalization. Ethereum introduced the most important advancement in crypto use cases: the ability to make them programmable with Smart Contracts, which enable transactions to be both traceable and transparent. As a result, the majority of cryptos are now applications running on the Ethereum network. However, Ethereum is currently a Proof of Work based protocol, and it can no longer remain competitive while dealing with the resulting limitations. The platform is trying to solve this problem by converting to Proof of Stake, but plans are behind schedule.

Although Ethereum is currently the most popular Smart Contract platform, it has a number of competitors that have already solved the big technical challenge of implementing a Proof of Stake consensus mechanism. These five have the potential to drive the future of cryptocurrency, and see significant user adoption and price appreciation along the way:

Cardanois already Proof of Stake. Its research-driven approach utilizes academic resources to create an inclusive blockchain ecosystem that will enable users to build smart contracts.

Ethiopias Ministry of Education recently partnered with Cardano to create a blockchain-based platform for 5 million of the countrys students and teachers, which is being billed as the largest blockchain development in the world. It will perform such tasks as verifying grades and monitoring performance.

TheCardanonetwork also allows users to exchange funds instantly at lower fees than Bitcoin or Ethereum. Investors can gain exposure to Cardano through Coinbase, Gemini, Graph Blockchain, and other Altcoin and DeFi sources.

Launched in 2020, Polkadot is a programmable blockchain that enables cryptocurrencies to be built. Polkadot is widely considered faster and potentially more scalable than Ethereum. The third-generation Altcoin is also designed to work with other networks, making it more inclusive than Bitcoin or Ethereum.

Polkadots stated goal is to enable a completely decentralized web where users are in control, and allow independent blockchains to exchange information and transactions. Polkadot will plug into Ethereum and likely port over its own platform if Ethereum is not converted over to Proof of Stake quickly enough.

Other interoperable platforms competing with Polkadot include Binance Smart Chain and Polygon, a framework for building and connecting Ethereum-compatible blockchain networks.

Solana differentiates itself as a fast, secure, and censorship resistant blockchain. The company recently raised $314 million led by Andreessen HorowitzandPolychain Capital to accelerate its development. Like Cardano and Polkadot, Solana is more environmentally friendly than Bitcoin and Ethereum. It also champions Proof of History (PoH), which provides a permanent record for each transaction, resulting in more transparency and security. The PoH facilitates Solanas Proof of Stake mechanism, which produces a blockchain that can process more than 50,000 transactions per second. However, it still has a long way to go to equal the popularity of Cardano or Polkadot, which have large communities supporting them.

Avalanche is a smart contract platform designed to create custom blockchain networks and decentralized applications (dApps). Essentially, dApps run on a network of computers, making them uncontrollable by a single entity. In existence for less than a year, the open-source platform has already gained a reputation for being fast and highly customizable. Avalanche is compatible with Ethereum.

Another relative newcomer is Algorand, which developed a blockchain infrastructure to serve as a bridge between centralized and decentralized financial systems. Algorand also offers smart contract capabilities and strong transaction speeds. Its technology is being utilized by hundreds of organizations including The Hemp Blockchain, Inc., which recently selected the platform to provide supply chain management solutions for the industrial hemp industry.

Bitcoin is currently the elephant in the cryptocurrency room, but the future is arguably in Proof of Stake and Smart Contracts. Ethereum has not been able to capitalize on that market yet, but a multitude of third generation cryptocurrencies are poised to fill the gap. While the majority may not gain enough traction to succeed, Altcoins such as Cardano, Polkadot, Solana, Avalanche, and Algorand are finding ways to improve energy efficiency, stability, speed, transparency, and security.

About the Author

Paul Haber is CEO of Graph Blockchain, an Altcoin and DeFi company that provides shareholders with exposure to various areas of decentralized finance. Focusing on Altcoins through its wholly owned subsidiaries Babbage Mining Corp. and Beyond the Moon Inc., Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains Altcoins represent. Through its recent acquisition of New World Inc., an art-focused non-fungible tokens (NFT) business, Graph gains exposure to one of the fastest growing segments of the art world.

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