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COVID-19 Impact on Quantum Computing Market Research, Growth, Industry Analysis, Size and Share 2025 | IBM Corporation, Google – My Kids Health

August 4, 2020 | Author: admin

The globalQuantum Computing Marketis carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Quantum Computing market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Quantum Computing market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Quantum Computing market. We have also focused on SWOT, PESTLE, and Porters Five Forces analyses of the global Quantum Computing market.

Leading players of the global Quantum Computing market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Quantum Computing market. Furthermore, the report offers two separate market forecasts one for the production side and another for the consumption side of the global Quantum Computing market. It also provides useful recommendations for new as well as established players of the global Quantum Computing market.

Request for Sample Copy of This Report:https://www.limraglobalmarketresearch.com/request-a-sample/?pid=8818

Major Players: IBM Corporation, Google

Regions and Countries:U.S, Canada, France, Germany, UK, Italy, Rest of Europe, India, China, Japan, Singapore, South Korea, Australia, Rest of APAC, Brazil, Mexico, Argentina, Rest of LATAM, Saudi Arabia, South Africa, UAE.

Report Objectives

Enquiry For Customization: https://www.limraglobalmarketresearch.com/send-an-enquiry/?pid=8818

Table of Contents

Report Overview:It includes major players of the global Quantum Computing market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends:This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Quantum Computing market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Quantum Computing market are discussed.

Market Share by Manufacturers:Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type:This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application:Besides an overview of the global Quantum Computing market by application, it gives a study on the consumption in the global Quantum Computing market by application.

Production by Region:Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region:This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles:Almost all leading players of the global Quantum Computing market are profiled in this section. The analysts have provided information about their recent developments in the global Quantum Computing market, products, revenue, production, business, and company.

Market Forecast by Production:The production and production value forecasts included in this section are for the global Quantum Computing market as well as for key regional markets.

Market Forecast by Consumption:The consumption and consumption value forecasts included in this section are for the global Quantum Computing market as well as for key regional markets.

Value Chain and Sales Analysis:It deeply analyzes customers, distributors, sales channels, and value chain of the global Quantum Computing market.

Key Findings:This section gives a quick look at important findings of the research study.

Request for Sample Copy of This Report:https://www.limraglobalmarketresearch.com/request-a-sample/?pid=8818

About Us:Limra Global Market Research is a one-stop place having a wide database of market research reports for all domains. Our market research reports provide the best study of the market, its growth, and the latest trends in the market along with high accuracy and great reliability. Limra Global Market Research caters to major corporations as well as non-profit organizations. The information provided in the reports will not help our clients enhance their knowledge and decision making skills, but also provide enormous opportunities for growth by giving the newest trends in the market.

Contact Us:Limra Global Market ResearchE-mail- [emailprotected]Web: https://www.limraglobalmarketresearch.com/

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IBM and the University of Tokyo Unveil the Quantum Innovation Initiative Consortium to Accelerate Japan’s Quantum Research and Development Leadership…

August 2, 2020 | Author: admin

TOKYO, July 30, 2020 /PRNewswire/ --Today, IBM (NYSE: IBM) and the University of Tokyo unveiled a landmark collaboration with the launch of the Quantum Innovation Initiative Consortium (QIIC). Expanding from the December 2019 JapanIBM Quantum Partnership initiative, QIIC, aims to accelerate the collaboration between industry, academia, and government to advance Japan's leadership in quantum science, business, and education.

QIIC's main goal is to strategically accelerate quantum computing R&D activities in Japan by bringing together academic talent from across the country's universities and prominent research associations and large-scale industry. The consortium plans to further develop technology for quantum computing in Japan and build an ecosystem to improve student skills and expertise, opening doors to future scientific discoveries and practical quantum applications.

Headquartered at the University of Tokyo, member organizations of QIIC will collaborate to engage students, faculty, and industry researchers with seminars, workshops, and events to foster new quantum business opportunities in Japan. Organizations in agreement to join the consortiuminclude Keio University, Toshiba, Hitachi, Mizuho,MUFG, JSR, DIC, Toyota, Mitsubishi Chemicals and IBM Japan.

These organizations in consortium will also be part of the IBM Q Network the world's first community of Fortune 500 companies, startups, academic institutions and research labs to advance quantum computing and the development of practical applications for it. As part of the network, they will have access to IBM's expertise and resources, and cloud development environment, as well as cloud-based access to the IBM Quantum Computation Center, which includes IBM's most-advanced quantum computers.

In addition to cloud-based access to the IBM's fleet of quantum systems, the QIIC will also have access to an IBM Q System One, a dedicated system planned for installation in Japan in 2021. The first of its kind in the region, and only the second such installation outside of the US, this system along with a separate testbed system to be part of a system technology development lab will support the consortium's goals of next-generation quantum hardware research and development, including cryogenic components, room temperature electronics, and micro-signal generators.

According to Professor Makoto Gonokami, President of the University of Tokyo:

"Society 5.0is the concept of a better future with inclusive, sustainable and a knowledge-intensive society where information and services create value underpinned by digital innovation. The key to realizing this society is to utilize real data in real-time. In order to achieve this, it is necessary to protect and nurture the global environment, an entity of physical space and cyberspace as one, by taking it as a global commons (a concept that encompasses global resources and the ecosystems) which is sustainable and reliable, while the fusion of physical space and cyberspace progresses.

"Quantum technology and quantum computers are indispensable technologies to make that happen. I believe that Japan will play an important role in implementing quantum computing technology to society ahead of rest of the world, and that industry-academia-government collaboration is necessary for this. The QIIC will accelerate quantum technology research and its implementation to the Society 5.0 while firmlysharing each other's wisdom and promoting the close sharing of information."

"Today, I am extremely excited and proud to launch this new consortium that will help foster economic growth and quantum technology leadership in Japan.The QIIC will greatly advance Japan's entire quantum computing ecosystem, bringing experts from industry, government and academia together to collaborate on researchand development," said Dario Gil, Director of IBM Research. "Quantum computing has the potential totackle some of the world's greatest challengesin the future.We expect that it will helpusaccelerate scientific discovery so that we candevelop vaccinesmore quickly and accurately,create new materials toaddressclimate changeor design better energy storage technologies. The potential is massive,andwe will only reach this future if we work together uniting the best minds from the public and private sectors. Universities, businesses and governments have to collaborate so that we can unleash the full potential of quantum computing."

QIIC's members are forging a path for Japan's discovery of practical quantum applications for the benefit of society. The cooperation between industry, academia, and government aims to create a new community for quantum computation research and use cases.

About IBM QuantumIBM Quantum is an industry-first initiative to build quantum systems for business and science applications. For more information about IBM's quantum computing efforts, please visitwww.ibm.com/ibmq.

For more information about the IBM Q Network, as well as a full list of all partners, members, and hubs, visithttps://www.research.ibm.com/ibm-q/network/

About The University of Tokyo

The University of Tokyo was established in 1877 as the first national university in Japan. As a leading research university, the University of Tokyo is conducting academic research in almost all fields at both undergraduate and graduate schools. The University aims to provide its students with a rich and varied academic environment that ensures opportunities for acquiring both academic and professional knowledge and skills.

Media Contacts

Chris Nay [emailprotected]

Miri Yasuhara IBM Japan +81 50 3150 7967 [emailprotected]

SOURCE IBM

http://www.ibm.com

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Insights & Outcomes: a new spin on quantum research, and the biology of sex – Yale News

August 2, 2020 | Author: admin

This month, Insights & Outcomes will turn your head with spinning electrons, prolific plankton, and the biology of sex.

As always, you can find more science and medicine research news onYaleNews Science & TechnologyandHealth & Medicinepages.

The group of single-celled marine organisms known as planktic foraminifera are among the most prolific shell producers in the open ocean. They leave behind one of the most extensive fossil records on the planet, and they allow scientists to reconstruct Earths climate history. Yet little was known about their life history until now. A research team led by Yale paleontologistCatherine Davisgrew a generation of planktic foraminifera in the lab and documented the organisms full life cycle. The team confirmed the organisms apparent ability to reproduce both sexually and asexually, and found that the shells of cloned siblings grown together in the laboratory can look strikingly different from each other. These results have broad impacts on how foraminifera fit into food webs, how vanishingly small populations can rapidly respond to their environment, and perhaps even their long-lived success as a group, said Davis, a postdoctoral associate in the lab ofPincelli Hull, assistant professor in the Department of Earth and Planetary Sciences and co-author of the study.The study appears in Science Advances.

Since 2003, the lab of YalesMark Gersteinhas played a major role in an international effort to catalog data on the complex interactions between genes and the segments of DNA and RNA that regulate their functions. The latest findings of the ENCODE project were published July 29 in 30 papers, four spearheaded by Gersteins lab, in a variety of scientific journals.Jing ZhangandDonghoon Leefrom Gersteins lab have createda video illustrating sciences evolving understandingof the complex regulatory networks that can contribute to cancer and other diseases.The latest findings by the Gerstein lab and other major ENCODE contributors can be found on the Gerstein lab website.

YalesNina Stachenfeldbelieves that to understand disease, scientists must understand the biology of sex. So she is helping to launch a series of papers for publication in The FASEB Journal that explores the systemic role sex plays in human physiology. Stachenfeld, a fellow at the John B. Pierce Laboratory and professor of obstetrics, gynecology, and reproductive sciences, has enlisted contributions from half a dozen scientists to explore a variety of topics, including the role sex plays in addiction and the biology of high blood pressure in people of different races. The series,Sex as a Variable in Human Research: A Systems Approach,will appear over the next few months in The FASEB Journal.

A research result by Yale physicists lends credibility to an exotic proposal for safeguarding quantum information called topological quantum protection. Topological quantum protection is an alternative to Yales primary approach to fault tolerant quantum computing based on active error correction. Rather, it involves a theoretically proposed entity called a Majorana quasiparticle, which has not yet been directly observed. A team led byMichel Devoret, the F.W. Beinecke Professor of Applied Physics and Physics, has applied the tools of circuit quantum electrodynamics to achieve the continuous monitoring of a quasiparticles spin, a promising step toward detection of Majorana quasiparticles. The Yale team includesMax Hays,Valla Fatemi,Kyle Serniak, andSpencer Diamond. Thestudy appears in Nature Physics.

When pathogens or cancer cells develop resistance to drug treatment, researchers usually try to develop new drugs. But a new study by Yale researchers helps bolster a new strategy taking advantage of evolutionary processes to combat drug resistance through drug-sensitive pathogenic cells. The new approach, known as adaptive therapy, offers an alternative to prolonged and high-dose drug treatment for cancer or infections. Adaptive therapy calls for an intermittent series of lower dose treatments that kill fewer disease-causing cells but also decrease the chances that those cells develop resistance to the drugs. In other words, as long as a pathogen or cancer remains responsive to a drug, it may be wiser, in some instances, to manage a disease rather than trying to eradicate it at the expense of an elevated risk of drug resistance evolution, saidSergey Melnikov, lead author of the new study. It is based on his work in the lab of YalesDieter Soll, Sterling Professor of Molecular Biophysics and Biochemistry and professor of chemistry. In a laboratory experiment, Melnikov and Soll gave adaptive therapy a boost by adding the amino acid norvaline to the antibiotic tavaborole to combat drug-resistant E. coli. Norvaline impairs the ability of E. coli cells to produce cells resistant to tavaborole by hindering their ability to mutate, allowing antibiotic-sensitive cells to outcompete antibiotic-resistant ones. By integrating Darwinian principles of natural selection into therapeutic treatment of a disease,we can significantly prolong the effectiveness of drugs or give a second life for drugs that are currently abandoned due to rapid evolution of resistance, said Melnikov, now a group leader at Newcastle University.The study was published in the Proceedings of the National Academy of Sciences.

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Quantum physicists say time travelers don’t have to worry about the butterfly effect – The Next Web

August 2, 2020 | Author: admin

What if I told you all your favorite time-travel films and books were actually created by big tech in order to wrest control of the time-travel industry from the proletariat?

Think about it. Back to the Future, The Terminator, The Time Machine, all of these stories share a central theme where traveling through time is a dangerous proposition that could destroy the very fabric of our reality.

Its called the butterfly effect. The big idea is that youd step out of your time travel machine and accidentally step on a bug. Because this bug doesnt exist maybe a frog goes hungry and dies. And maybe that frog was supposed to hop on a sabre-tooth tigers face at exactly the right moment so the cave person from which our greatest leader will descend can escape death.

But you just had to time travel didnt you? Now, because that bug is dead, the cave man didnt live and our planet is a nuclear wasteland when you return to the present.

[Read:This quantum physics breakthrough could be the origin story for time travel]

Speaking of nuclear wastelands, a team of scientists from the Los Alamos National Laboratory recently conducted a time travel simulation on IBMs quantum computer. And what they determined is that all those Hollywood fear mongers are full of it.

Per a press release from the lab, one of the studys coauthors, theoretical physicist Nikolai Sinitsyn, said:

On a quantum computer, there is no problem simulating opposite-in-time evolution, or simulating running a process backwards into the past. So we can actually see what happens with a complex quantum world if we travel back in time, add small damage, and return. We found that our world survives, which means theres no butterfly effect in quantum mechanics.

We cant actually travel back in time, but what we can do is simulate how systems react to perturbances with benefit of hindsight. And the reason we can do this is because quantum computers can travel back in time.

What makes quantum computers so special is that theyre capable of producing all outcomes simultaneously. With a classical computer, for example, we use binary bits to process data by switching resistors on and off. Quantum computers use qubits though. And qubits can be on, off, both, or neither all at the same time. So, if we want to solve a really complex problem we can run it through a quantum computer and get all the answers at once rather than running it through a classical computer multiple times with different parameters to achieve diverse predictions when an outcome is uncertain.

Thats a long-winded way of saying quantum computers can reverse-engineer the past to determine exactly how things in a given system would have unfolded had something else happened.

This doesnt mean we can finally solve the JFK assassination, that version of the past is a closed system that we currently dont have access to. But we can create an open system and give the quantum computer access to it via simulation so that it can determine all the different ways things can play out over time.

Quick take: Whats most interesting here is that the simulation itself works as a bit of a quantum mechanics detector.

We know that classical systems suffer from the butterfly effect. Dont believe me? Go back about 10 code commits and start randomly changing things and then generate new code from the flawed version and see how that works out for your next software build.

Sinitsyn and his coauthor Bin Yan tested their quantum mechanics hypothesis out with help from IBMs cloud-based Q system. Per the Los Alamos press release:

To test the butterfly effect in quantum systems, Yan and Sinitsyn used theory and simulations with the IBM-Q quantum processor to show how a circuit could evolve a complex system by applying quantum gates, with forwards and backwards cause and effect.

According to the researchers, the butterfly effect doesnt affect the quantum world so its existence can effectively determine whether a system is classical or quantum in nature.

We can certainly assume that any form of time travel involving human temporal displacement will rely on quantum mechanics unless of course we turn out to be binary constructs trapped within a simulation ourselves.

And that means, unless were in the Matrix, Marty McFly and John Connor were just propaganda meant to scare us regular folk off from using time machines at our leisure. Even Ashton Kutcher lied to us. Butterfly effect schmutterfly effect.

You can read the full study here.

H/t: ScienceAlert

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Week in review: BootHole, RCEs in industrial VPNs, the cybersecurity profession crisis – Help Net Security

August 2, 2020 | Author: admin

Heres an overview of some of last weeks most interesting news, articles, interviews and reviews:

Attackers are exploiting Cisco ASA/FTD flaw in search for sensitive dataAn unauthenticated file read vulnerability (CVE-2020-3452) affecting Cisco Adaptive Security Appliance (ASA) and Firepower Threat Defense (FTD) software is being exploited by attackers in the wild.

Researchers find critical RCE vulnerabilities in industrial VPN solutionsCritical vulnerabilities in several industrial VPN implementations for remotely accessing operational technology (OT) networks could allow attackers to overwrite data, execute malicious code or commands, cause a DoS condition, and more.

Twitter employees were spear-phished over the phoneTwitter has finally shared more details about how the perpetrators of the recent hijacking of high-profile accounts to push a Bitcoin scam managed to pull it off. Also, three alleged perpetrators have been identified.

Review: Cyber Warfare Truth, Tactics, and StrategiesMany future battles will be fought with cyber weapons, narrowing the resources and capabilities gap that long existed between rich and poor nations. All of them can now effectively bring their enemy down.

Public cloud environments leave numerous paths open for exploitationCloud estates are being breached through their weakest links of neglected internet-facing workloads, widespread authentication issues, discoverable secrets and credentials, and misconfigured storage buckets.

62,000 QNAP NAS devices infected with persistent QSnatch malwareThere are approximately 62,000 malware-infested QNAP NAS (Network Attached Storage) devices located across the globe spilling all the secrets they contain to unknown cyber actors, the US CISA and the UK NCSC have warned.

What are script-based attacks and what can be done to prevent them?In todays threat landscape, scripts provide initial access, enable evasion, and facilitate lateral movements post-infection.

How do I select an endpoint protection solution for my business?To select an appropriate endpoint protection solution for your business, you need to think about a variety of factors. Weve talked to several cybersecurity professionals to get their insight on the topic.

Lack of training, career development, and planning fuel the cybersecurity profession crisisThe cybersecurity skills crisis continues to worsen for the fourth year in a row and has impacted 70 percent of organizations, as revealed in a global study of cybersecurity professionals by ISSA and ESG.

Bug in widely used bootloader opens Windows, Linux devices to persistent compromiseA vulnerability (CVE-2020-10713) in the widely used GRUB2 bootloader opens most Linux and Windows systems in use today to persistent compromise.

Delivering and maintaining security at the speed of digital transformationDustin Rigg Hillard, CTO at eSentire, talks about modern digital threats, the challenges cybersecurity teams face, cloud-native security platforms, and more.

Security teams increasingly stressed due to lack of proper tools, executive support93% of security professionals lack the tools to detect known security threats, and 92% state they are still in need of the appropriate preventative solutions to close current security gaps, according to LogRhythm.

How well do face recognition algorithms identify people wearing masks?The answer, according to a preliminary study by the National Institute of Standards and Technology (NIST), is with great difficulty.

NIST selects algorithms to form a post-quantum cryptography standardAfter spending more than three years examining new approaches to encryption and data protection that could defeat an assault from a quantum computer, the National Institute of Standards and Technology (NIST) has winnowed the 69 submissions it initially received down to a final group of 15.

Its time to tap the next generation of cyber defendersAs college graduates of the Class of 2020 enter the workforce, we welcome a new generation of cyber professionals.

Attackers have created a specialized economy around email account takeover

Things to consider when selecting enterprise SSDs for critical workloadsWe sat down with Scott Hamilton, Senior Director, Product Management, Data Center Systems at Western Digital, to learn more about SSDs and how they fit into current business environments and data centers.

Offensive Security acquires security training project VulnHubOffensive Security has acquired open source security training resource hub VulnHub. The acquisition is part of OffSecs ongoing mission to provide practical training content to aspiring cybersecurity professionals.

The distinction between human and bot behavior is becoming increasingly blurredAs consumers change their online habits, the distinction between human and bot behavior is becoming increasingly blurred, presenting cybersecurity teams with an even bigger challenge than before when it comes to differentiating humans from bots, and good bot behavior from bad.

What is privacy and why does it matter?Privacy is a basic right and a necessary protection in the digital age to avoid victimization and manipulation.

DeimosC2: Open source tool to manage post-exploitation issuesTEAMARES launched DeimosC2, addressing the market need for a cross-compatible, open source Command and Control (C2) tool for managing compromised machines that includes mobile support.

Qualys unveils Multi-Vector EDR, a new approach to endpoint detection and responseTaking a new multi-vector approach to Endpoint Detection and Response (EDR), Qualys now brings the unifying power of its highly scalable cloud platform to EDR.

New infosec products of the week: July 31, 2020A rundown of infosec products released last week.

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3 Reasons Why Ethereum Price Rallied 75% to Hit a 2-Year High at $400 – Cointelegraph

August 2, 2020 | Author: admin

In the last two weeks, Ether (ETH) price increased by 75% as the price rallied from $222 to $400. Many investors believe Ethers momentum is buoying the entire market, and possibly even pushing Bitcoin (BTC) upwards.

ETH-USD daily chart. Source: TradingView.com

Three factors that appear to be triggering the strong Ether rally are: DeFi, ETH 2.0, and the current prolonged rally taking place in the altcoin market.

Since mid-June, the total value locked in decentralized finance (DeFi) protocols has continuously surged. The launch of protocol-specific tokens, like Compounds COMP as an example, led to growing demand for DeFi.

Eventually, users discovered a phenomenon called yield farming, which involves users searching for higher yields in the DeFi market and switching from one protocol to another to obtain incentives.

The explosive growth of the DeFi market in a short period led many DeFi-connected tokens to surge rapidly. In July, investors seemingly sold off DeFi tokens and other small market cap altcoins, moving back to Ether and Bitcoin.

On August 1 Ether price reached a 2-year high as it surged to $395 on BitMEX but this has traders warning against a potential pullback. In fact, crypto-trader Edward Morra said:

Yeah, parabola coming out of another parabola is a sight to behold tbh. Also, this isn't sustainable and will correct. If you are new to this space - buy dips, don't FOMO at the top.

A consistent positive factor that supports the upward momentum of Ether is the anticipation for ETH 2.0. In August, Ethereum developers expect to launch the final testnet of ETH 2.0 called Medalla.

When fully launched, ETH 2.0 would gradually eliminate miners from the network and reward users for participating in the network. The incentive system would enable users to earn a yield on their Ether holdings over a long period.

Kelvin Koh, the co-founder of a venture capital Spartan Black, recently suggested that every phase of Ether would strengthen Ethereum. Koh said:

Every phase of ETH 2.0 over the next 2-3 years brings Ethereum closer to its final state and will be catalysts for ETH.

The Ether and Bitcoin rally over the last three days coincided with a drop-off in altcoin prices. In the near-term, the cycle of profit taking could continue if altcoins see regular uptrends.

In previous bull markets, major cryptocurrencies and small altcoins showed an inverse correlation, meaning, as the price of Bitcoin surged, altcoin values dropped.

The opposite remains true when Bitcoin price is stable or consolidating. This creates a cycle that causes BTC and ETH to benefit from multiple profit-taking rallies.

Satoshi Flipper, a popular trader on Twitter, suggested that in the longer-term there is a key resistance for Ether at $780.

ETH-USD 1-week chart. Source: Satoshi Flipper

It remains to be seen whether the confluence of ETH 2.0, profit-taking rallies, and DeFi growth could push Ether price to higher resistance areas. For now, the sentiment around the altcoin generally remains positive in the medium-term.

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Bitcoin SV Price Analysis: BSV/USD takes the altcoin rally a notch higher, approaching $250 – FXStreet

August 2, 2020 | Author: admin

Bitcoin SV is among the altcoins that are outperforming themselves on Saturday. In the last 24 hours, the cryptoasset has surged over 10%, breaking above the key 38.2% Fibonacci retracement level taken between the last drop from $455.74 to a low of $77.49. In addition, the spike made it above key moving averages including the 50-day SMA and the 200-day SMA.

BSV/USD is trading at $239 at the time writing in the wake of a minor retreat from $245. However, the technical picture remains positive, especially with the RSI and the MACD moving higher within the overbought and positive regions respectively.

On a wider scope, gains towards $250 seem to be brewing and the hurdle at $245 seems temporal. If the RSI contains movement within the overbought region, buyers will remain in control a while longer. Similarly, the bullish divergence from the MACD cements the buyers position in the market. For now, seeking support above $240 is top on the bulls priority list as it gives them ample time to push for gains above $250.

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DataDash: Two Crypto Newcomers Will Surge Alongside Bitcoin, Ethereum and XRP in New Bull Cycle – The Daily Hodl

August 2, 2020 | Author: admin

Crypto analyst Nicholas Merten says two mid-cap crypto assets will soar along with Bitcoin, Ethereum, and XRP as a new bull market emerges.

On the latest episode of DataDash, Merten says a broad correction in the altcoin markets is offering investors a chance to hop in before the next big rally explodes. He says traders should keep an eye on the relative crypto newcomers Cardano (ADA) and Tezos (XTZ) in preparation for the next bullish breakout.

Now that we have had this pullback here, [it] does provide an opportunity for some bulls who have missed out on a lot of this kind of exponential portion of the rally to get back in

The major thing to focus on, as I think really a lot of the large caps and a lot of the established protocols, so some of the new emerging protocols, I know some of you are going to be excited for me to say this. Plays like Cardano, plays like Tezos, some of the other ones alongside some of the large caps like Ethereum, Litecoin, XRP, this is going to be our major focus here.

As for Litecoin, Merten says bulls will spark a new rally if they can capture a key level.

Just like Bitcoin, just like Ethereum, building up long-term technical formations, Litecoin has very clear points of resistance and support. It looks like here, if you really take a look at the log chart, we just need to basically get above $70, we could really start to see this take off.

Meanwhile, the crypto analyst is also long-term bullish on Ethereum. He believes the second-largest cryptocurrency will continue its hot streak en route to a new all-time high as long as the coin properly scales.

Its already built up support on previous resistance and broken out here I think its going to continue to go up, eventually to set all-time highs and accelerate towards even higher levels.

I

Featured Image: Shutterstock/Art Furnace

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As Altcoin Season Presses on, Whats Next for Crypto Futures? – Finance Magnates

July 31, 2020 | Author: admin

Bitcoin seems as though it may be finally breaking out of its two-month long period of stagnancy: this week, BTC shot up and over the $10,000 mark, and at press time, had landed around $11,000. This could have big implications in terms of renewed on Bitcoin in spot marketsand in derivatives markets.

Previously, Bitcoins long period of stagnancy seemed to have a major effect on the distribution of investors attention as well as their cash: the crypto crowd, which typically loves rapid price movements, temporarily turned to altcoins to get their volatility fix. As a result, a number of altcoinsboth in spot and derivatives marketsare approaching new highs.

The Most Diverse Audience to Date at FMLS 2020 Where Finance Meets Innovation

The extended period of stagnancy that Bitcoin was experiencing prior to this week was not limited to spot markets.

As the lack of volatility in spot markets continued, trading volume in derivatives markets also dipped. In mid-June, market data firm Skew published findings that trade volume on Bitcoin (BTC) futures exchanges has plummeted to new lows for 2020. Specifically, BTC futures markets collectively posted less than $5 billion in 24-hour volume on June 13.

Open interest measures the raw amounts that issuers and buyers have at stake in futures contracts that have yet to expire. This is different than futures volume, which measures the value of existing futures contracts being traded during a given period; futures contracts can be traded like any other derivative.

While trading activity in Bitcoin derivatives markets may have been limited, however open interest in Bitcoin futures seems to be on the road to recovery. Open interest in Bitcoin futures contracts took a major hit on March 12th, a day that is colloquially known as cryptos Black Thursday.

Aaron Gong, VP of Binance Futures, told Finance Magnates that since Black Thursday, when the entire market crashed more than 50% in a single day, he has also observed signs of recoveryand of changeacross cryptocurrency futures markets.

Both BTC and altcoins have slowly recovered over the last 4 months, Aaron told Finance Magnates, adding that more recently, altcoins have dominated headlines, which has led to a shift in users attention towards exchanges that offer the most comprehensive selection of altcoin contracts.

This shift toward exchanges with higher levels of variety in altcoin contracts could be a continuation of the ways that user distribution on futures exchanges have shifted since Black Thursday. A major redistribution in futures exchange users began when a service outage on cryptocurrency exchange BitMEX led some of its users to take their business to other platforms.

Now, however, the trend in user redistribution seems to favor futures exchanges with the most pairs of altcoins, which gained more momentum throughout the altcoin season, Aaron said, adding that this increased trading activity has caused a reorganization of market share across derivative exchanges.

On his own exchange, Binance Futures the altcoin futures market share has doubled since the start of July as volume quadrupled in less than a month.

We observed that market share has shifted in favor of Binance as the exchange dominated altcoin futures volume. In particular, contracts such as LINK and ADA, where Binance processed the most volume in the industry, he added.

The shift in focus toward altcoin futures seemed to steadily grow as Bitcoins period of stagnancy throughout May, June, and part of July, went on and on.

Aaron Gong said that while Bitcoins stagnation has been rather unusual, crypto markets have provided ample trading opportunities in the last two months, Aaron said in an email.

In particular, on his own platform, the much anticipated ETH upgrade, as well as other protocol upgrades has led to increased trading activity in altcoin futures contracts on Binance, Aaron said, adding that last week, ETH futures on Binance marked its highest weekly volume in the last three months, while open interest has almost tripled in the same period.

The increase in activity on ETH-related futures trading on Binance coincides with more expansive growth in the ETH futures market more generally. Blockchain data analytics firm Skew reported findings earlier this month that the total amount of open interest in Ethereum-based futures contracts had surpassed $1 billion for the first time ever.

The reach past $1 billion in Ethereums open interest represented an increase of nearly 30% since June 20, when the total amount of open interest in ETH futures contracts was under $800 million.

At press time, Skews data showed that OKEx and Huobi appeared to have the lions share of open interest in Ethereum contracts, with BitMEX, Binance, and FTX also held sizeable chunks of the market.

As a result of the increased levels of interest in ETH futures contracts, some futures trading platforms are taking rapid steps toward building out new futures for the ETH futures market.

For example, Aaron Gong said that in order to keep up with demand, Binance has launched two Binance Leveraged Tokens: BLVT (ETHUP, ETHDOWN).

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This new addition is expected to provide more options for traders to gain exposure to ETH and anticipate the positive impact of the ETH 2.0 upgrade, he said.

Additionally, OKEx recently added three new expiration dates to its ETH/USD contracts: daily, two-day, and monthly options, in addition to its weekly, bi-weekly, quarterly, and bi-quarterly options. The new dates are also available for its BTC/USD and EOS/USD contracts.

Bilal Hammoud, President, CEO, and Founder of Canadian digital asset exchange NDAX.io, also pointed out to Finance Magnates that the ETH futures momentum could continue to build if regulated ETH futures contracts hit the US market.

Indeed, speaking in an event at Georgetown University in October of 2019, CFTC Chairman Heath Tarbert said that Id say it is likely that you would see a futures contract in the next six months to a year, and that the volume to which itll trade, no idea, thats where the markets decide.

For his own part, Bilal has also observed a surge in the popularity of ETH and ETH-based futures contracts: we have seen a lot of interest in the spot market where volume is comparable and at points exceeding that of bitcoin in the past month, and it will be no different for ETH derivatives, he said.

In addition to the coming launch of Ethereum 2.0, some of the enthusiasm for ETH-based futures contracts may also have been driven from a sense of increased interest in the decentralized finance, or Defi, space.

Specifically, Aaron Gong noted that the enthusiasm surrounding DeFi seems to have increased the amount of open interest in contracts based on altcoins, many of which belong to DeFi platforms.

While there is limited data on the total amount of open interest in altcoin contracts as a whole, Aaron told Finance Magnates that on Binance Futures, altcoin volume has grown significantly since July 1st, with altcoin volume now contributing 60 percent of total exchange volume.

Additionally, our daily volume on altcoin contracts has grown fourfold in two weeks from under $500 million to $2 billion.

However, the order of things could soon be up for another change as Bitcoins push over $11,000 may signal the return of BTC volatility: just over the last two days, there is evidence that traders are showing higher levels of interest in BTC futures than ever.

For example, for the last two days, the volume of Bitcoin futures being traded on Bakkt has broken records. July 28th closed out the day with 11,506 contracts an 85 percent increase over the previous record. OnJuly 29, Bakkt topped the new record again, with 11,706 contracts traded.

Although Bitcoin as struggled to establish a foothold above the $10,0000 level previously, this time around, it does look like Bitcoin is finally building momentum and may go beyond in the coming months, Aaron Gong told Finance Magnates.

As such, we are expecting large market movements in the near future, particularly in Bitcoin, which seems to be revived after an extended period of consolidation.Bitcoins recent breakout has drawn speculations that a bull market is on its way.

And indeed, if that happens, BTC futures markets could potentially set a new record volume and open interest that we have not seen in recent months.

In other words, if BTCs volatility returnsand the increased interest in ETH and other altcoins continuesthere could be a sort of crypto futures renaissance around the corner.

As such, the increase in the number of products and features that have recently been built out for ETH and altcoin markets on some exchanges could translate into a bolstered set of BTC futures features on other exchanges.

This, in turn, may lead to a sort of virtuous cycle that causes the entrance of more and more capital into the crypto futures space: as futures trading platforms become more developed, higher-volume institutional entities may be more likely to take part in these markets.

In the long term, this could accelerate the rate of cryptocurrency asset price discovery, and could therefore lead to lower levels of volatility in crypto markets in the future.

For now, thoughit may be a wild ride.

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As Altcoin Season Presses on, Whats Next for Crypto Futures? - Finance Magnates

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Altcoin Price Analysis Bitcoin Cash, Tezos and IOTA: BCH/USD and IOT/USD look to break past key levels – FXStreet

July 31, 2020 | Author: admin

BCH/USD bulls stay in control for the third straight day as the price went up from $289.50 to $291. The MACD shows increasing bullish market momentum. Healthy support lies at $273.35 (SMA 200), $256.50, $248.35, $241 (SMA 20) and $236.20 (SMA 50).

XTZ/USD is trending in a downward channel formation. The price dropped from $2.842 to $2.787. The Williams%R has dipped into the oversold zone and Elliott Oscillator has had four straight red sessions. These two indicators show that the market sentiment is presently bearish.

IOT/USD bulls took charge and bouncing up from the upward trending line, going up from $0.2737 to $0.286. The MACD shows sustained bullish momentum, while the RSI has dipped into the overbought zone. The price has healthy support levels at $0.279, $0.268, $0.259 (SMA 20) and $0.24 (SMA 50).

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Altcoin Price Analysis Bitcoin Cash, Tezos and IOTA: BCH/USD and IOT/USD look to break past key levels - FXStreet

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