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Microsoft and NVIDIA announce major integrations to accelerate generative AI for enterprises everywhere – Stories – Microsoft

March 23, 2024 | Author: admin

REDMOND, Wash., and SAN JOSE, Calif. March 18, 2024 At GTC on Monday, Microsoft Corp. and NVIDIA expanded their longstanding collaboration with powerful new integrations that leverage the latest NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric and Microsoft 365.

Together with NVIDIA, we are making the promise of AI real, helping drive new benefits and productivity gains for people and organizations everywhere, said Satya Nadella, chairman and CEO, Microsoft. From bringing the GB200 Grace Blackwell processor to Azure, to new integrations between DGX Cloud and Microsoft Fabric, the announcements we are making today will ensure customers have the most comprehensive platforms and tools across every layer of the Copilot stack, from silicon to software, to build their own breakthrough AI capability.

AI is transforming our daily lives opening up a world of new opportunities, said Jensen Huang, founder and CEO of NVIDIA. Through our collaboration with Microsoft, were building a future that unlocks the promise of AI for customers, helping them deliver innovative solutions to the world.

Advancing AI infrastructure

Microsoft will be one of the first organizations to bring the power of NVIDIA Grace Blackwell GB200 and advanced NVIDIA Quantum-X800 InfiniBand networking to Azure, deliver cutting-edge trillion-parameter foundation models for natural language processing, computer vision, speech recognition and more.

Microsoft is also announcing the general availability of its Azure NC H100 v5 VM virtual machine (VM) based on the NVIDIA H100 NVL platform. Designed for midrange training and inferencing, the NC series of virtual machines offers customers two classes of VMs from one to two NVIDIA H100 94GB PCIe Tensor Core GPUs and supports NVIDIA Multi-Instance GPU (MIG) technology, which allows customers to partition each GPU into up to seven instances, providing flexibility and scalability for diverse AI workloads.

Healthcare and life sciences breakthroughs

Microsoft is expanding its collaboration with NVIDIA to transform healthcare and life sciences through the integration of cloud, AI and supercomputing technologies. By harnessing the power of Microsoft Azure alongside NVIDIA DGX Cloud and the NVIDIA Clara suite of microservices, healthcare providers, pharmaceutical and biotechnology companies, and medical device developers will soon be able to innovate rapidly across clinical research and care delivery with improved efficiency.

Industry leaders such as Sanofi and the Broad Institute of MIT and Harvard, industry ISVs such as Flywheel and SOPHiA GENETICS, academic medical centers like the University of Wisconsin School of Medicine and Public Health, and health systems like Mass General Brigham are already leveraging cloud computing and AI to drive transformative changes in healthcare and to enhance patient care.

Industrial digitalization

NVIDIA Omniverse Cloud APIs will be available first on Microsoft Azure later this year, enabling developers to bring increased data interoperability collaboration, and physics-based visualization to existing software applications. At NVIDIA GTC, Microsoft is demonstrating a preview of what is possible using Omniverse Cloud APIs on Microsoft Azure. Using an interactive 3D viewer in Microsoft Power BI, factory operators can see real-time factory data overlaid on a 3D digital twin of their facility to gain new insights that can speed up production.

NVIDIA Triton Inference Server and Microsoft Copilot

NVIDIA GPUs and NVIDIA Triton Inference Server help serve AI inference predictions in Microsoft Copilot for Microsoft 365. Copilot for Microsoft 365, soon available as a dedicated physical keyboard key on Windows 11 PCs, combines the power of large language models with proprietary enterprise data to deliver real-time contextualized intelligence, enabling users to enhance their creativity, productivity and skills.

From AI training to AI deployment

NVIDIA NIM inference microservices are coming to Azure AI to turbocharge AI deployments. Part of the NVIDIA AI Enterprise software platform, also available on the Azure Marketplace, NIM provides cloud-native microservices for optimized inference on more than two dozen popular foundation models, including NVIDIA-built models that users can experience at ai.nvidia.com. For deployment, the microservices deliver prebuilt, run-anywhere containers powered by NVIDIA AI Enterprise inference software including Triton Inference Server, TensorRT and TensorRT-LLM to help developers speed time to market of performance-optimized production AI applications.

About NVIDIA

Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The companys invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing infrastructure company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/.

About Microsoft

Microsoft (Nasdaq MSFT @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777,[emailprotected]

Natalie Hereth, NVIDIA Corporation, [emailprotected]

Note to editors: For more information, news and perspectives from Microsoft, please visit Microsoft Source athttp://news.microsoft.com/source. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsofts Rapid Response Team or other appropriate contacts listed athttps://news.microsoft.com/microsoft-public-relations-contacts.

NVIDIA forwardlooking statements

Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, performance, features, and availability of NVIDIAs products and technologies, including NVIDIA Grace Blackwell Superchip, NVIDIA DGX Cloud, NVIDIA Omniverse Cloud APIs, NVIDIA AI and Accelerated Computing Platforms, and NVIDIA Generative AI Microservices; the benefits and impact of NVIDIAs collaboration with Microsoft, and the features and availability of its services and offerings; AI transforming our daily lives, the way we work and opening up a world of new opportunities; and building a future that unlocks the promise of AI for customers and brings transformative solutions to the world through NVIDIAs continued collaboration with Microsoft are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; NVIDIAs reliance on third parties to manufacture, assemble, package and test NVIDIAs products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIAs existing product and technologies; market acceptance of NVIDIAs products or NVIDIA partners products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIAs products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the companys website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

2024 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX, NVIDIA Clara, NVIDIA NIM, NVIDIA Omniverse, NVIDIA Triton Inference Server, and TensorRT are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

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AWS: Revolutionising motorsports through cloud computing – British GT

March 23, 2024 | Author: admin

SRO Motorsports Group has cultivated a longstanding, successful collaboration with Amazon Web Services (AWS), the worlds most comprehensive and broadly adopted cloud. Spanning from 2019 to present day, and beyond, AWSs presence across the global Fanatec GT World Challenge platform has only continued to grow, becoming the presenting entitlement sponsor in 2020.

SRO Motorsports Group and AWS are growing together ahead of another thrilling season, expanding their collaboration across the Fanatec GT World Challenge America, Europe, Asia, and Australia championships. AWS continues to stand as a beacon of innovation, sustainability, and global expansion in the realm of global motorsports.

AWS, serving as the designated global technology provider for SRO, extends its cutting-edge array of cloud services, artificial intelligence (AI), and machine learning throughout all SRO series worldwide. This significant collaboration offers an exceptional experience for teams, drivers, and fans, raising the bar for engagement and innovation in motorsports. AWS has the potential to revolutionize various aspects of SROs operations through advanced cloud computing capabilities, with the aim of enhancing the efficiency, safety, and entertainment quotient of SRO racing events.

AWS's robust data analytics tools also enable SRO Motorsports Group to gather and analyze large amounts of data during races. This data encompasses crucial metrics such as car telemetry, driver performance, track conditions, and fan engagement. By harnessing AWS's machine learning algorithms, SRO can collect actionable insights from this data and as a result assist in facilitating real-time decision-making for teams, optimizing race strategies, and enhancing the overall competitiveness of the sport.

Additionally, sensors located across circuits capture timely data on track conditions, weather patterns, and environmental factors, all of which is seamlessly integrated within AWS's cloud computing infrastructure. This enables officials to optimize track management, make adjustments on the fly, and adapt event logistics. By leveraging AWS's capabilities, SRO Motorsports Group can ensure smoother race operations and minimize disruptions, thereby enhancing the overall experience for teams, drivers, and spectators alike.

AWS's contribution extends beyond the confines of the track, breaking down barriers in the digital, virtual, and real-life realms of motorsport to enrich the experience of fans around the world. Through AWS-powered video streaming and content delivery solutions, SRO Motorsports Group delivers high-definition, low-latency broadcasts of its events to global audiences. Moreover, AWS's personalized recommendation engines and interactive fan engagement platforms enhance viewer immersion, fostering a deeper connection between fans and the sport.

The collaboration between SRO and AWS has already seen significant achievements, including the RaceVision Powered by AWS concept, offering real-time insights and on-screen graphics that bring fans closer to the action with data like top speeds and cornering prowess. This collaboration has also been instrumental in advancing SRO's e-sports initiatives, leveraging AWS's virtual machines and media services to host race servers and livestream events with professional broadcast quality.

Looking ahead, the collaboration is committed to exploring new, innovative methods that utilize AWS's extensive set of global cloud-based products to further enhance GT racing around the world. AWS will also continue to play a pivotal role in SRO's Balance of Performance (BOP) criteria, a cornerstone of modern GT competition, by assuming data hosting responsibilities.

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Nutanix sues Tessell over claims founders used IP to build rival products with strikingly similar features – ITPro

March 23, 2024 | Author: admin

Nutanix has announced it has filed a lawsuit against database as a service platform Tessell amid allegations its founders covertly built competing products while still employed at Nutanix.

The cloud computing giant filed the lawsuit in the US District Court in San Jose, which alleges that sensitive company information, as well as valuable resources, were used illegally by Tessells founders to launch the business.

Nutanixs filing alleged that Tessell founders Bala Kuchibhotla, Kamal Khanuja, and Bakul Banthia covertly designed, built, exhibited, and secured financing for a future Tessell product while still at Nutanix.

Moreover, the lawsuit claimed that Nutanix source code, servers, and other resources were used by the Tessell founders when creating the product, and that they took the source code across to Tessell after leaving Nutanix.

KKB [Tessells founders] used Nutanix facilities, equipment, services, and even the Nutanix Era source code when developing the Tessell product, the filing reads.

KKB planned, developed, obtained initial financing for, and demonstrated prototypes of the competing productall using Nutanix computers and while they were employed by Nutanix. One of the Tessell prototypes they demonstrated actually ran on Nutanix servers.

The source code claimed to have been stolen by the group was for Nutanixs Era database management software suite, now referred to as the Nutanix Database Service (NDB).

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The complaint also argued the group tried to remove all indications of Nutanix branding from the Tessell prototype, and further cover their tracks by wiping their company devices.

When planning their departures, KKB took all or a substantial portion of the Era source code, saved it to private accounts and devices, and Tessell later incorporated Era source code into its product. KKB then wiped their laptops to cover their tracks, an effort that was initially successful.

Nutanix claimed the speed with which Tessell was able to launch its competing product, as well as a very similar feature-set, was enough for the company to open a probe into potential IP infringements.

When Tessell launched its product in late 2022, however, the speed with which it came to market with features strikingly similar to Era caused Nutanix to commence a full-fledged forensic investigation. As a result, Nutanix uncovered the theft of proprietary code and technology described herein.

The complaint argued that Tessells founders access to Nutanix source code and resources meant it was able to release their competing product just 18 months after being founded, with support for major databases such as Oracle, Microsoft SQL Server, MongoDB, MySQL, and PostgreSQL.

Tessell was able to release a robust commercial product in such a relatively short period of time because it was founded by a group of Nutanix engineers who were instrumental in developing the Era product, and who had access to all of the key technology and source code embedded in Era.

Nutanix said it is seeking the return of stolen intellectual property, an injunction to prevent further infringement, restitution, and money damages from Tessell.

It also announced it would be commencing separate arbitration proceedings against the Tessell founders concerning the violation of their employee agreements as Nutanix staff.

ITPro has approached Nutanix and Tessell for comment

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Nutanix sues Tessell over claims founders used IP to build rival products with strikingly similar features - ITPro

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Is Edge Computing Living Up to Its Promise in the Australian Market? – TechRepublic

March 23, 2024 | Author: admin

Edge computing is often predicted as a technology that will revolutionise enterprise computing in Australia. By capturing, processing, analysing and storing data at the edge, instead of a central location, its promises include fast real-time computing at the edge and less cost.

While the edge is yet to live up to these promises, adoption is taking place. Utpal Mangla, general manager for industry edge cloud & IBM Distributed Cloud Platform, said the edge is being rolled out for specific use cases globally, including quality control in manufacturing.

Growth in AI may propel the trend, as some use cases find their way to the edge. Mangla argues a hybrid cloud by design approach is the best option for enterprises looking to prepare for a future where they need to straddle on-premises, cloud and edge computing.

Australia should be a prime candidate for edge computing growth. With a population of 25 million living on a landmass the size of the U.S. or Europe, the potential for processing data at the edge, rather than centralised data centres or the cloud, appears compelling for businesses.

SEE: The current state of edge computing.

But just like elsewhere, the edge has not taken off at the pace some had envisioned.

The [global] industry has been saying for five, seven, eight years, that it was coming and would change the world, IBMs Mangla told TechRepublic. Has it panned out the way analysts and businesses have seen it? Probably in terms of monetisation, it hasnt reached that scale yet.

Telecommunications companies like Telstra have put billions into 5G infrastructure. The hope was 5Gs high bandwidth, low latency and capabilities like network slicing would make the promise of the edge real. Monetisation was to be achieved through business customers.

However, a study commissioned by Telstra in 2022-23 described adoption as nascent at the time, with just 25% of businesses. It found leaders were exploring cloud adoption and provider investments were fast-tracking customer journeys and advancing hybrid cloud plans.

An Accenture survey of 2,100 C-level execs across 18 countries found 83% still believe edge will be essential to remain competitive in the future. However, only 65% were using edge computing, and 50% of these were only ad hoc or tactical users of edge computing (Figure A).

Slower than expected edge growth was in part due to the hype of predictions themselves.

Some of it was a bit overblown. It always required building use cases, it required building businesses, it required putting things in place to make that potential of edge computing happen, Mangla said.

However, there are other barriers the edge computing industry is dealing with in deployment.

SEE: Consider these edge computing best practices.

While billed as a way to rationalise costs through a reduction in data transfer costs, the edge has actually turned out to be more expensive in some cases. Telstras State of Cloud, Edge and Security 2022-23 survey found 46% of businesses were put off by low cost-to-benefit ratios.

Forty-two per cent found business cases and outcomes not compelling enough (Figure B), which was put down to insufficient understanding of the benefits of edge in terms of ROI and competitive differentiation. Businesses were also experiencing edge strategy and skills gaps.

The depth of the edge computing market also means it is challenged by the lack of a standard edge computing stack and APIs (Figure C). This has made it challenging to develop and deploy edge applications that can work across different edge computing devices and platforms.

Use cases for edge computing have tended to be vertical-specific. With differences across industries and use cases, this means investment is also fragmented, at least until individual industries determine consistent architectural approaches to capturing the value of the edge.

Edge computing is growing in Australia and around the world, even if this may appear underwhelming due to inflated expectations. Mangla noted that edge computing is actively being deployed by IBM clients, in specific industry use cases across the globe.

A prime example is on the industrial floor. Mangla said many organisations with manufacturing operations that want top-class quality control and inspection are augmenting manual inspections by deploying edge computing for visual inspection on the shopfloor.

Epicor, a provider of manufacturing execution systems in the Australian and regional market, is just one technology vendor that is actively working with local manufacturers to supercharge operations through smart factory initiatives that further automate operations.

IBM has worked with automotive clients using the edge to monitor stock levels in car parking lots during supply chain disruptions. The edge is also powering autonomous driving features for automakers, allowing split-second decisions without the latency of cloud connectivity.

Australian miners are leading edge adopters. Iron ore miner Newcrest is using intelligent edge to pull data from downstream sensors monitoring tonnes tipped, apron feeder speeds and weightometres to control the volume of ore delivered to crushed ore bins upstream.

McKinsey & Company research indicates the industries looking at the potential of edge computing include everything from aerospace and defence, the chemicals industry, and electric power, natural gas and utilities, to financial services, healthcare systems and retail.

Australia is ripe for growth in edge computing, Mangla said. During a recent visit to Sydney, he noted there were startups looking to run artificial intelligence visual recognition technology for industries at the edge, and New Zealand companies looking at the edge for their manufacturing operations.

SEE: Australia is well-positioned to capitalise on the future influence of AI.

Mangla said edge computing could be accelerated thanks to AI because some use cases suit the edge. Mangla said the edge really excels where decisions need to be taken fast at that point in time and where it is best to avoid waiting on data to be transferred to centralised locations.

Organisations looking to make the most of edge computing, as well as the rest of their cloud infrastructure, should take a hybrid cloud by design approach, Mangla said. While much of the market had stumbled organically into a mix of on-premises and cloud infrastructure and services, he said this would be better managed with an intentional embrace of hybrid cloud in the future.

When you think about strategy, there is always going to be more than one cloud, he said. You will always have something, the crown jewels, that you will never put in a cloud environment, you will always have that in an on-prem or in a private cloud. Australian Government agencies like the ATO, they will never put anything on the public cloud.

As new applications get built, make sure that application can seamlessly operate across the entire landscape. As you start building it intentionally over the next 10 to 15 years, as you do app modernisation, you need a hybrid cloud by design mindset.

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Deploy A Production-Ready Streamlit App with Cloud Run and Cloud Build – Towards Data Science

March 23, 2024 | Author: admin

If youre a data scientist, youre probably familiar with Streamlit. Youve probably used it once to prototype a demo, share a dashboard, or even build a more complex app.

In this post, youll learn how to deploy Streamlit applications quickly and cost-effectively on the Google Cloud Platform.

To do that, youll need:

If youre unfamiliar with some of these tools, everything will be covered below, and links will be provided to learn more.

Without further ado, lets have a look .

Cloud Run is a Google Cloud service that provides a fully managed platform to run your code in a container.

Whether youre building a web server, an API, or running processing jobs, Cloud Run automatically scales your containers up and down from zero.

This means you only pay when your code is running.

With Cloud Run, the workflow is simple. You write your code in your favorite programming language (Python, Go, NodeJS, or Java), package it into a container, and push it for deployment.

Then, Google Cloud provides everything the app needs to run in production.

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Deploy A Production-Ready Streamlit App with Cloud Run and Cloud Build - Towards Data Science

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Windows 365 with Copilot What you need to know – Laptop Mag

March 23, 2024 | Author: admin

Microsoft has gone all-in on Copilot, from putting AI integration into their new Surface devices and Microsoft365 to Windows 11. The company has also added several much-needed features to its Windows 365 cloud computing platform.

All Windows 11 users will be able to access Copilot from the Windows taskbar or the Copilot key on compatible devices. For Windows 365, users now have access to multiple security updates, virtual GPUs, and AI Cloud PC resizing.

Windows365 is Microsoft's cloud PC platform for business and consumer purposes. As a cloud computing system, it is available on all platforms. The new announcement from Microsoft mostly focuses on security updates, the Windows App, Windows365 GPU, and AI Cloud PC Resizing solutions.

In terms of security updates, Windows 365 now supports a set of new features designed to protect against data leaks and data loss. Both Windows365 and Azure Virtual Desktop support single sign-on and passwordless authentication as well as third-party IDP support to keep your data secure. Windows365 and Azure Virtual Desktop also support Cloud PC encryption as well as watermarking, screen capture protection, and tamper protection. So you can be sure your virtual data is protected from unauthorized access or manipulation. These updates are now generally available to all Windows 365 users.

Windows 365 also offers Windows 365 GPU support for access to powerful GPU-enabled Cloud PCs. Ideal for graphic design, image and video rendering, 3D modeling, data processing, and visualization, Windows 365 GPU allows users to run apps using the local GPU resource. This was one of the most requested updates to Windows 365, as it allows for far more versatility in the cloud computing platform. Windows 365 GPU is now in public preview.

For those looking to use Windows on their devices, the Windows App is now available via the Microsoft Store, online, or in TestFlight for Apple devices. The Windows App functions as a portal to Windows365, Azure Virtual Desktop, Remote Desktop, Remote Desktop Services, and Microsoft Dev Box. The Windows App is now in public preview.

Lastly, Windows 365 will be using AI to offer Cloud PC resizing recommendations to help reduce costs and simplify security and management of Windows 365 Cloud PCs. This feature is now in public preview.

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Bitcoin Becomes the Most Preferred Cryptocurrency in the UAE – TradingView

March 23, 2024 | Author: admin

Key points:

A recent report unveiled the significant gains in the crypto sector in the United Arab Emirates (UAE) over the last year. According to a Chainalysis report, the UAE has marked a substantial capital gain of $204 million in crypto investment in 2023.

Though the UAE was only 38th in the top 50 countries with remarkable crypto investment gains, it secured the second rank among the GCC countries. Saudi Arabia, with a gain of $351 million, achieved the first position in the list of GCC countries and the 26th position in the top 50 countries. No other GCC countries were included in the list.

Notably, the United States led the rally with a total gain of $9.36 billion. The United Kingdom secured the second position, marking a gain of $1.39 billion. The upper and lower middle-income countries like Vietnam, China, Indonesia, and India follow suit with gains of $1.18 billion, $1.15 billion, $1.96 billion, and $1.05 billion, respectively.

The report further highlighted that Bitcoin is the most preferred cryptocurrency by UAE investors. Chainalysis stated, This asset class delivered strong results for UAE investors, accounting for 70 percent of the total gains they made last year. Ethereum and Ripples XRP secured the second and third positions for the most preferred cryptocurrencies in the UAE. Chainalysis Director of Research, Kim Grauer, stated,

The outsized popularity of Bitcoin and Ethereum indicates a level of maturity among UAE investors. The community is backing well-established digital assets with steady and proven performance, rather than more speculative cryptocurrencies.

Moreover, the report unearthed the global crypto investors gains that totaled $37.6 billion in 2023. Chainalysis cited, 2023 proved to be a year of strong recovery for global crypto markets, with asset prices and market sentiment rebounding positively after the turmoil of the previous year.

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Cryptocurrency: Top Three Solana Meme Coins That Could 50x This Bull Season – Watcher Guru

March 23, 2024 | Author: admin

Solanas stellar price ascent needs no further introduction. The token has been performing exceptionally well this bull season, establishing cryptocurrency market dominance by exuding strategic powerplay. Per CoinMarketcap, Solana has noted a significant price hike of 70% in the last month. Stable at $189, SOL is bound to project a positive price ascent in the near future.

Additionally, Solana-inspired meme coins have also taken the crypto world by surprise by performing remarkably well and aligning with their parent blockchain. These tokens have surged 300% during this bull run, birthing millionaires in their wake. Heres our list of the top three Solana-inspired coins that could potentially disseminate 50x rewards this season.

Also Read: Solanas Fees Soar Past Bitcoins: Will SOL Reclaim $200 By March End?

Born out of Jest, the Shiba Inu-inspired DogWifHat, aka WIF, has now become a major crypto meme token deployed on Solana. The token has surged more than 700% in the last month. The elements of colloquial crypto FOMO and positive market sentiment have primarily driven WIFs pace.

Per CoinMarketcap, DogWifHat is currently at $2.47 after briefly touching an ATH of $3. The token has been up 9% in the last 24 hours, and predictions anticipate its upcoming meteoric rise.

Per CoinCodex, DogWifHat may soon breach the $3 threshold and touch a new ATH of $3.36 by March 26.

According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 30.57% and reach $3.36 by March 26, 2024.

The steady rise in price signals a bullish streak for WIF holders. Given its massive popularity quotient and positive price metrics, DogWifHat can be a lucrative coin to explore.

Bonk, another dog-inspired meme coin on Solana, gains strength against major crypto coins and contenders. The token is up 7% in the last 24 hours, trading at $0.00002379. The tokens unparalleled growth has helped it amass a loyal fan following. Per CMC, the token has noted an 86% surge in the past month, outlining its potential and powerful impact.

Labeled as the coin deployed for people and by the people, BONK competes with contenders like Shiba Inu and Dogecoin to establish its own unique identity as a leading crypto coin. With a stellar record of disseminating decent profits, BONK can be another crypto coin worth investors money and time.

Also Read: Solana Urges Community To Stop Exploring Pre-Sale Projects On Network

Per CoinCodex, the BONK token may soon note a significant price hike of 30%.

According to our current Bonk price prediction, the price of BONK is predicted to rise by 30.22% and reach $0.00003154 by March 26, 2024.

BOME is the recent Solana crypto offspring, making waves in the market lately. The token was launched to redefine web3 culture by amalgamating memes, decentralized storage solutions, and degen shitcoin trading and gambling.

Soon after its launch, BOME climbed a new ATH, driven by community surges and sentiment. The token has noted a staggering 1191% surge in its price in the last month. BOME is currently sitting at $0.01176, with the potential to help investors earn stable profits.

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‘Cryptocurrency’ home once considered Los Altos’ most-expensive listing, sells for $12.7M – Palo Alto Online

March 23, 2024 | Author: admin

Each week, Embarcadero Media takes a look at home sales activity along the Midpeninsula in the communities of Atherton, East Palo Alto, Los Altos, Los Altos Hills, Menlo Park, Mountain View, Palo Alto, Portola Valley and Woodside. Home sales are provided by California REsource, a real estate information company that obtains the information from counties recorders offices. Information is recorded from deeds after the close of escrow and published within four to eight weeks. Heres a look at home sales activity between Feb. 5 23 that was made public the week of March 18.

This week, a 9,677-square-foot home in south Los Altos that was previously listed on the market for either cash or cryptocurrency sold for a $12.7 million. Known as the Mora House, the home reportedly once held the distinction of being the most expensive residential listing in Los Altos when it was first listed for sale in February 2022 with an asking price of $24.5 million. At the time, according to the Real Deal, prospective buyers had the option of paying for the home with cryptocurrency.

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'Cryptocurrency' home once considered Los Altos' most-expensive listing, sells for $12.7M - Palo Alto Online

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Bitcoin Dips To $64k After Record High Forbes Advisor INDIA – Forbes

March 23, 2024 | Author: admin

The worlds largest cryptocurrency, Bitcoin (BTC), has witnessed a downturn in the last two days. As of March 20, 2024, it is trading at $64,018.90, with a market capitalization of $1.20 trillion. Bitcoin had been hovering around the $70,000 level on March 12 but surged later, surpassing its previous all-time highs. On March 14, 2024, it set a new record of $73,750, with a market capitalization reaching $1.44 trillion.

The cryptocurrencys Fear and Greed Index shifted into the zone of greed, after being in a state of extreme greed for an extended period. Bitcoin prices soared to $73,750, establishing a new all-time high and surpassing previous peaks in the second week of the month. However, Bitcoin has since retreated below the $65,000 level owing to several speculated factors that may have contributed to the decline in prices.

Heres a deep dive into what may have caused Bitcoin to dip after a record high.

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Bitcoin experienced significant growth in the early weeks of March 2024, with a 74% increase in value and a remarkable 90% rise from its post-exchange traded funds (ETF) flows. However, the recent sharp corrections, occurring multiple times within two weeks, suggest a potential slowing down of the strong uptrend seen since the latter part of 2023. While this situation does not necessarily indicate a bearish outlook, it does suggest a period of consolidation for the broader crypto market.

It was inevitable for Bitcoin to experience a fall after reaching a great high, as it aligns with a fundamental principle of financial markets: what goes up must come down. Throughout history, every significant surge in asset prices has been followed by a period of correction or consolidation.

Bitcoins volcanic rise, particularly in recent months, had led to mounting expectations of a pullback. This natural ebb and flow in market dynamics reflects the cyclical nature of investor sentiment and the tendency for markets to seek equilibrium. Therefore, the decline in Bitcoins price following a period of substantial growth was not unexpected but rather a predictable outcome in the broader context of market behavior.

Another significant reason could be profit taking. After experiencing significant price increases, investors often decide to sell their holdings to realize their profits. This is a natural behavior in financial markets, including cryptocurrency markets. When prices rise rapidly, investors may become concerned about a potential reversal or correction, prompting them to sell their assets to lock in gains. As more investors start selling, it can lead to increased selling pressure and downward price movements. Profit-taking can exacerbate price declines, especially if there is a lack of buying support to counterbalance the selling pressure.

Market manipulation may have contributed to Bitcoin dipping to $64k. Cryptocurrency markets, due to their relative youth and lack of regulation compared to traditional financial markets, are susceptible to manipulation. Large investors or groups of traders, often referred to as whales, can intentionally manipulate prices to their advantage.

One common manipulation tactic is the pump and dump scheme, where a group of investors artificially inflate the price of a cryptocurrency through coordinated buying, creating a buying frenzy among retail investors. Once the price reaches a peak, the manipulators sell off their holdings at a profit, causing the price to plummet and leaving other investors with losses. Market manipulation can lead to sudden and sharp price declines, as it creates artificial demand and distorts market dynamics.

Its important for investors to be aware of these factors and exercise caution when trading in volatile markets.

The recent surge in Bitcoin, reaching a new all-time high, initially indicated a bullish momentum toward set targets. However, a recent pullback has shifted investors perspectives. March witnessed bullish trading, driving Bitcoin prices above $73,000, with the market capitalization exceeding $1.35 trillion, indicating a strong uptrend.

The present Bitcoin chart illustrates the markets volatility alongside the potential it offers. The subsequent retreat indicates a significant resistance zone that investors or buyers have not yet convincingly overcome.

Parth Chaturvedi, investment lead at Coinswitch Ventures, says the recent decline in Bitcoin prices represents a healthy correction in its rally that can be attributed to macroeconomic factors, as cryptocurrency is not isolated from broader market trends. The unexpectedly high U.S. inflation figures have dampened expectations of a Federal Reserve interest rate cut in the near future, leading to a sell-off in risk-on assets such as US and Asian stocks, as well as cryptocurrencies.

The US Fed meeting begins March 19, 2024. While the market isnt expecting any changes or surprises in terms of rate adjustments, all attention remains focused on the Federal Open Market Committees (FOMC) decision on interest rates.

Rajagopal Menon, the vice president of WazirX, states that Bitcoins price is expected to fluctuate within the range of $62,700 to $68,900 for the next few days or even weeks, potentially extending into April, a period spanning more than three weeks.

Menon anticipates another surge in the near future as demand for Bitcoin increases and its supply diminishes due to the upcoming Bitcoin Halving event, which is likely to drive prices higher. Many analysts share a bullish sentiment during this time and advise investors to remain calm and consider buying during dips.

Read more: Bitcoin Price Prediction: Can Bitcoin Reach $1,000,000 by 2025?

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Predicting the exact trajectory of Bitcoins price, including whether it will experience a steep fall, is inherently challenging due to the volatility and complexity of cryptocurrency markets.

The past week witnessed record-breaking inflows in the U.S. Spot Bitcoin ETFs worth $1.05 billion surpassing the previous record of $678.67 million. Given the substantial influx of capital, it appears that demand-side forces will drive Bitcoin prices higher. The recent rise in Bitcoins price may indeed attract new investors who previously missed the opportunity to buy at lower prices. This FOMO or fear-of-missing-out effect can drive further demand and contribute to upward price momentum in the short term.

Furthermore, the forthcoming Bitcoin Halving event, which will decrease mining rewards, will also create supply-side pressures conducive to bullish price action.

Edul Patel, chief executive officer and co-founder of Mudrex, believes amidst the correction in the cryptocurrency market, now is an opportune time to accumulate and systematically invest to mitigate risk and maximize long-term profits. Bitcoins immediate support level is at $61,500, with resistance at $68,500.

The Relative Strength Index (RSI), a technical analysis tool, indicates that Bitcoin is nearing oversold conditions. Typically, an oversold condition precedes a trend reversal, making it a favorable time to enter the market, says Patel.

While Bitcoins price may experience periods of volatility and speculative bubbles, the long-term sustainability of its value depends on various factors, including regulatory clarity, adoption as a store of value or medium of exchange, technological advancements, and market demand.

Historically, crypto assets have experienced significant drawdowns of 20% to 30% during bull runs before resuming their upward trajectory. Although there may be occasional instances of profit-taking leading to price dips, the overall momentum behind Bitcoin remains bullish.

Chaturvedi advises traders to exercise caution with leverage, as volatile price movements in either direction can lead to liquidations. The upcoming halving of miner rewards scheduled for April 20 is expected to trigger a substantial supply shock, potentially impacting Bitcoin prices significantly.

There is a commonly recorded phenomena in the cryptocurrency market, that is, when the price of Bitcoin experiences significant increases, it often leads to a broader surge in the prices of other cryptocurrencies, including Ethereum and various altcoins. Following are the reasons for this trend:

Market Sentiment: Positive sentiment towards Bitcoin can spill over to other cryptocurrencies, as investors view the entire market favorably during bullish periods. The belief that Bitcoins rise reflects growing interest and confidence in cryptocurrencies as a whole can lead investors to diversify their holdings into alternative assets within the crypto space.

Market Dynamics: Cryptocurrency markets are interconnected, with many investors and traders holding diversified portfolios of digital assets. When Bitcoins price rises, it can lead to increased trading activity and investment inflows into other cryptocurrencies, driving their prices higher as well.

FOMO Effect: Fear of missing out (FOMO) plays a significant role in investor behavior in the cryptocurrency market. As Bitcoins price climbs and garners media attention, investors who may have missed the initial opportunity to invest in Bitcoin may look to alternative cryptocurrencies that appear to offer similar potential for gains.

Technological Synergies: Many cryptocurrencies, including Ethereum, serve different purposes and have unique features compared to Bitcoin. Investors may see value in these alternative cryptocurrencies based on their technological innovations, use cases, or community support, leading to increased demand and higher prices. Speculative Trading: Cryptocurrency markets are known for their speculative nature, with investors seeking opportunities to profit from short-term price movements. When Bitcoins price rises sharply, traders may look for alternative cryptocurrencies with lower prices or perceived growth potential, driving up their prices through speculative trading activity.

Read More: Best Crypto App in India

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Cryptocurrencies like Bitcoin operate in a relatively unregulated environment compared to traditional financial assets. Regulatory uncertainty can create fear among investors, as they may be concerned about the potential for regulatory crackdowns or adverse legal developments that could impact their investments.

While favorable sentiment and the fear of missing out may drive short-term demand for Bitcoin and other companies, concerns about regulatory uncertainty and the sustainability of its value may impact its long-term trajectory.

The eventual adoption of regulations for cryptocurrencies could bring stability and legitimacy to the market. Clear regulatory frameworks may alleviate investors fears of potential losses and foster greater trust and confidence in the cryptocurrency ecosystem.

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Bitcoin Dips To $64k After Record High Forbes Advisor INDIA - Forbes

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