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Internet security Market 2020 Break Down by Top Companies, Applications, Challenges, Opportunities and Forecast 2026 Cole Reports – Cole of Duty

Dell (SonicWall). Symantec and IBM

Internet security Market: Competitive Landscape

The last chapter of the Internet security market research report focuses exclusively on the competitive landscape. It examines the main market players. In addition to a brief overview of the business, analysts provide information on their assessment and development. The list of important products in preparation is also mentioned. The competitive landscape is analyzed by understanding the companies strategies and the initiatives they have taken in recent years to overcome intense competition.

Internet security Market: Drivers and Restraints

The report explains the drivers of the future of the Internet security market. It assesses the different forces which should have a positive impact on the whole market. Analysts have looked at investments in research and development for products and technologies, which should give players a significant boost. In addition, the researchers undertook an analysis of the evolution of consumer behavior which should have an impact on the cycles of supply and demand in the Internet security market. In this research report, changes in per capita income, improvement in the economic situation and emerging trends were examined.

The research report also explains the potential restrictions on the Internet security market. The aspects assessed are likely to hamper market growth in the near future. In addition to this assessment, it offers a list of opportunities that could prove lucrative for the entire market. Analysts offer solutions to turn threats and restrictions into successful opportunities in the years to come.

Internet security Market: Regional Segmentation

In the following chapters, analysts have examined the regional segments of the Internet security market. This gives readers a deeper insight into the global market and allows for a closer look at the elements that could determine its evolution. Countless regional aspects, such as the effects of culture, environment and government policies, which affect regional markets are highlighted.

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What will the report contain?

Market Dynamics: The report contains important information on influencing factors, market drivers, challenges, opportunities and market trends as part of the market dynamics.

Global Market Forecast: Readers receive production and sales forecasts for the Internet security market, production and consumption forecasts for regional markets, production, sales and price forecasts for the Internet security market by type and consumption forecasts for the Internet security market per application.

Regional Market Analysis: It can be divided into two different sections: one for the analysis of regional production and one for the analysis of regional consumption. Here, analysts share gross margin, prices, sales, production, CAGR, and other factors that indicate the growth of all regional markets examined in the report.

Market Competition: In this section, the report provides information on the situation and trends of competition, including mergers and acquisitions and expansion, the market shares of the three or five main players and the concentration of the market. Readers could also get the production, revenue, and average price shares of manufacturers.

Key Players: The report provides company profiles for a decent number of leading players in the Internet security market. It shows your current and future market growth taking into account price, gross margin, income, production, service areas, production locations and other factors.

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Investor Paul Meeks overhauls tech strategy due to coronavirus risks, turns negative on two widely held stocks – CNBC

Paul Meeks is reworking his investment strategy due to coronavirus risks.

The long-time tech investor recently parted ways with two of his top picks: MastercardandVisa.

"They do require to get a lot of swipe fees, a lot of face-to-face transactions in places like hotels, bars and restaurants and I just don't see that happening," the portfolio manager at Independent Solutions Wealth Management told CNBC's "Trading Nation" on Friday.

His decision came before first quarter earnings season for tech gets into full gear.

Meeks, who's known for running the world's largest tech fund during the dot-com boom and subsequent collapse, also noted the two credit card giants were getting too pricey before the coronavirus pandemic even emerged.

Mastercard stock was up 58% in 2019 while Visa rallied 42%. So far this year, they're both down just over 10%.

"A lot of people don't realize that in most tech indexes, in which active managers like myself compare ourselves, Mastercard and Visa are very large stakes," he said. "I'd rather exit until things get better, and put our money in something that's going to do better during the coronavirus and after the coronavirus."

Meeks has been bearish on tech overall for more than year. However, he does see a couple of pockets of opportunities.

He seescloud services company Akamai as a good buy right now because it benefits from the upswing in the e-commerce space, particularly Amazon.

"They're speeding the internet. They're boosting internet security. Two very good themes," added Meeks.

He also likes Taiwan Semiconductor as a long-term play and as a core tech holding. He believes the chip manufacturer is well positioned in a competitive environment. Plus, Meeks notes it pays a solid dividend compared to its peers.

Meeks doesn't see too many opportunities beyond those names. In late February, he warned on "Trading Nation" the coronavirus could spark a bear market in technology.

Since then, he hasn't seen any material improvements.

"I need to feel better about the consensus being realistic about when our economy in the United States gets back to full strength. I don't believe we're in a V-shaped recovery," Meeks said. "Unfortunately, I think this big [market] rally that we've had since March 23 is based on believers in the V-shaped recovery. I need them to be more realistic, and then I'll be more realistic about adding money to portfolios."

Disclosures: Paul Meeks owns shares of Amazon, Akamai Technologies and Taiwan Semiconductor.

Disclaimer

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Investor Paul Meeks overhauls tech strategy due to coronavirus risks, turns negative on two widely held stocks - CNBC

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Blockchain: The Most Awaited Ally For The Security Of The Internet Of Things – CoinCodex

The blockchain is at an early stage in the innovation process. Still, the energy industry is quite advanced compared to other industrial sectors as it sees considerable potential benefit from the blockchain, not only for the increased efficiency of existing processes but to support and accelerate the transformation of the energy towards more decentralized business models.

With the blockchain we experience a paradigm shift predicting an interesting reduction in the execution time of transactions, increasing operational efficiency by eliminating processes that need the human factor.

The implementation of the blockchain incorporates a greater coverage of agility, transparency and automation.

Today, the energy sector has already started to implement these models. Large corporations such as BP, have created a digital platform on Blockchain, with the aim of simplifying the management of the entire transaction chain of raw materials and petroleum products.

Peer-to-peer technology enables large volumes of transactions to be managed, which are processed quickly, safely and at a relatively low cost.Although many possible uses have been suggested, the true potential of blockchain advancement comes from myriad ways and it can help companies to make a profit.

The facilitator of a cross cutting ecosystem of information, shared by a number of different but interconnected parties. A critical element to the value of the blockchain is the ability to reduce the times of multilateral transactions to almost zero. Thus, it dramatically reduces the overhead costs of using intermediaries, such as clearing houses, allowing companies to be more efficient and profitable.

Finally, the blockchain can greatly improve trust in transactions between companies and people in the digital world, which in turn can reduce associated bureaucracies.

Blockchain-enabled systems provide companies with a tool to manage transactions, maintain their economic benefits, privacy and security, and reduce the costs of each one.

The table shows a detailed blockchain comparison with many of the standard data management approaches used by companies around the world.Eliminating intermediaries, monitoring the operation in real-time, verifying data and reducing the risk of fraud are very attractive benefits for both the energy sector and its customers.

The appearance of the Blockchain has come to be considered a key event in history such as the appearance of the first computer or the appearance of the internet in our lives.

The world of connected solutions is one of our greatest passions. The security of your valuable information is not going to be a barrier, so you only have to worry about continuing to work towards the success of all your exciting challenges.

In this sense, decentralization-based protocols for file sharing have the power to replace the cloud storage system. The Blockchain is the framework that facilitates not only the processing and recording of transactions and data, but also the coordination of connected devices.

The processing of all transactions that are carried out continuously in the hyper-connected environment of the Internet of Things cannot be covered if it is through distributed computing. This is because the peer-to-peer network system (the famous P2P) significantly reduces the maintenance costs of the data center. One can more detail at bitcoin revolution official site.

What Litecoin and Dogecoin are trying to do is that there is no professional mining but professional transaction verifiers that do not flee in terror when the monetary base of these currencies reach their maximum limit established in the initial design. Using scypt we make anyone with a PC competitive and the verifiers are more distributed than with SHA-256 based currencies.

The other difference between virtual currencies is the time between confirmations of transactions. In Bitcoin it is 10 minutes, making it sensitive to a double-spending attack (i.e. an attempt to spend the same money on two transactions). In Litecoin it is 2.5 minutes and in Dogecoin it is 1 minute, to give an example.

In the end, the important thing about a virtual currency is the volume of transactions and users, and in this aspect, Bitcoin wins long. This is similar to a social network. Creating one is relatively simple, achieving a significant number of users, not so much.

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Blockchain: The Most Awaited Ally For The Security Of The Internet Of Things - CoinCodex

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Authentic8’s Front Line of Defense Tool Aims to Safeguard Government Agencies from Cyberthreats – WashingtonExec

Justin Cleveland, Authentic8s head of government business.

At a time when many in government IT are feeling overwhelmed by the efforts required to secure systems against web-based threats, Authentic8 is taking a novel approach to cybersecurity by leveraging the web browser as the solution.

The 10-year-old GovCon companys Silo product is a web browser in the cloud. It delivers a remote browsing experience that keeps malicious code from ever reaching the IT environment or end device.

Your antivirus software is scanning things you download from the internet via your browser, said Justin Cleveland, Authentic8s head of government business. Your internet proxy is trying to determine whats good traffic and whats bad traffic. The entire security industry is really built around the browser.

Rather than fear the browser as a point of attack, Authentic8 pivots to use it as the front line of defense.

With the browser in the cloud, detached from the IT environment, theres a natural security barrier.

You click on what you think is a cat video, and its really a malware attack, Cleveland said. With the browser running in our cloud infrastructure, that malware attack hits our machine in the cloud, and your computer is impervious.

Its the kind of elegant solution that promises to make government systems safer while simultaneously easing the extraordinary burden surrounding cybersecurity.

Your cybersecurity spending shrinks, the work shrinks, the amount of staffing required to deal with all the security shrinks, Cleveland added.

Snake oil

As a Silicon Valley-based firm, Authentic8 has taken an edgier-than-usual approach to laying out its value proposition to potential government customers.

At last years RSA conference, for example, the company spoofed the current crop of cyber solutions by pretending to offer snake oil, a magic artificial intelligence tincture that could harden systems against incursion.

It hits a nerve, especially if youre a [chief information security officer]or [chief information officer]and you get these buttoned-up guys coming in with their shiny shoes, Cleveland said. I cant tell you how many requests I got from government leaders in the IT space. I probably have two dozen bottles of snake oil on some senior officials desks in the government now.

While the company has a solid foothold in the defense and intelligence space, its customer base reaches across a wide range of public sector agencies, with some 160 government customers already in the fold.

This appeals to any senior government official who is trying to safely access the internet, Cleveland said. Weve hit our revenue targets coming on three years in a row and they were fairly aggressive growth strategies.

Even so, Authentic8 hasnt been exempt from feeling the impacts of the COVID-19 pandemic, and has taken a cultural shift.

Making connections

As a global company, Authentic8 already had much of the infrastructure in place to accommodate the logistics of social distancing.

We have marketing in Indianapolis, all of our technical teams on the West Coast, our CEO is usually traveling between D.C., Silicon Valley and Europe, and were supporting global governments from Australia all the way to the United States, Cleveland said.

While the company spent years working out the complexities of remote work, the Washington, D.C.-based team still had to make some adjustments.

I used to be able to turn around and tap one of my deputies or my sales leader or my account executives and say: Hey, what do you think about this? Cleveland said. Now that requires a phone call, a text message. Its a harder process, its a longer process.

Amid the challenges, the company has been ramping up its outreach to clients. That includes posting a series of 15-minute webinars on YouTube, with tips and tricks on how to conduct better open-source intelligence.

During the COVID crisis, our communication with our customers who are traditionally in secure areas, secure buildings, not necessarily always present on the unclassified network has actually increased significantly, Cleveland said.

The webinars provide practical information, and other benefits as well.

Some organizations employees are on site once a week, some employees are on site for a week and then off two, he said. These people are highly skilled professionals: They want to get better. They want to sharpen the sword. By providing learning opportunities for our customer set, it has increased their trust in us not only as a platform vendor, but as the true leader in the space.

Looking ahead, company leaders have their eye on Americas European and NATO allies as the next logical market for expansion.

They have similar missions to our government customers here in the United States, Cleveland said. They have similar challenges, so they make a natural fit. We beat our target for business with allies last year and that really opened our eyes to say: OK, this is a market we need to take a concerted run at.

On a personal level, as a veteran of both the GovCon space and the intelligence community, Cleveland brings a personal passion to the subject of cybersecurity.

Im still a patriot at heart, he said. The technology aspect of it is great, but bridging that gap between technology and mission is what excites me. We get to help solve really hard problems for agencies that really matter.

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Authentic8's Front Line of Defense Tool Aims to Safeguard Government Agencies from Cyberthreats - WashingtonExec

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Bot creates millions of fake eyeballs to rip off smart-TV advertisers – Naked Security

Researchers have uncovered the biggest connected-TV (CTV) ad fraud operation theyve ever seen, fueled with fake ad views seen by bogus eyeballs that actually belonged to a bot network they named ICEBUCKET.

Bot-mitigation security firm White Ops said on Thursday that at its peak January 2020 the ICEBUCKET bot operation impersonated more than 2 million people in over 30 countries.

ICEBUCKET also cooked up 300 publishers out of thin air, then stole advertising dollars by tricking advertisers into thinking there were real people on the other side of the screen. Those were no humans: they were all bots, working to exploit the limited transparency of whats known as the server-side ad insertion (SSAI) platform for measuring video ad impressions.

With SSAI, ads are stitched into the fabric of video content so there are no delays or hiccups caused by launching an ad player. Its commonly used for advertising on several edge devices, such as CTVs, smart phones, gaming consoles and set-top boxes like Roku.

Besides the reduction in latency, advertisers benefit from the ability to target-market. Like plenty of Internet of Things (IoT) gadgets, TV streamed through the internet brings the ability to discern quite a lot about whos viewing it, enabling advertisers to target exactly the type of viewer they think is likely to buy whatever it is theyre selling.

But as White Ops tells it, SSAI is still in its infancy. The firm can see the fraudsters as they discover holes in the system and worm their way through. In the case of ICEBUCKET, theyve done it by spoofing edge devices to make them look like SSAI services.

Theyre sending out ad requests from data centers for those spoofed edge devices. Requests coming from data centers arent remarkable: thats how real SSAI providers do it. But rather than show ads to live humans, the fraudsters are simply calling the reporting APIs to indicate that the ad has been shown.

Theres not a lot of information available to advertisers in an SSAI environment. Its often limited to the device user-agent and IP address. Falsifying information in the HTTP headers is relatively simple, White Ops says. But what makes ICEBUCKET a sophisticated bot attack is the nuance of how its faking those headers.

The end result: advertisers are paying good money for humans to view their ads and, mind you, those are pricey ads to buy, given that targeted marketing going to very specific demographics of humans fetches premium ad dollars but theyre actually playing to home theaters devoid of actual audiences, White Ops says:

The ads that are served either never see the light of day or are never viewed by a human. An audience of sophisticated bots is really just an empty audience.

Using custom code and including standard HTTP headers, ICEBUCKET presented its traffic as coming from a legitimate SSAI provider for a variety of devices and apps. ICEBUCKET assembled requests for ads to be inserted into video content for viewers using CTV and mobile devices, but none of those devices or viewersactually exist. The operation largely used obsolete devices to pose as user-agents: ones that arent used much anymore or that never even existed in the first place.

White Ops says that the IP addresses look to have been algorithmically generated to mimic desirable audiences in other words, the audiences that advertisers pay top dollar to target ads at.

White Ops says that ICEBUCKET is the biggest SSAI spoofing operation thats ever been discovered. Near its peak in January, it accounted for nearly 28% of all programmatic CTV traffic that the firm could see. That translates to around 1.9 billion ad requests per day for the month of January, just from this one botnet.

Most of the programmatic traffic the firm saw going through the SSAI platform 66% was coming from the scheme, while 15% of the mobile ad programming came from ICEBUCKET. Besides mobile devices, the botnet was also working through set-top devices including Roku.

At 46%, Roku was the top device spoofed by ICEBUCKET. Others included Samsung Tizen Smart TV, Google TV (which Google discontinued in 2014) and Android. Roku, for one, confirmed that the impressions were spoofed. After White Ops informed the company about the scheme, Roku checked its internal systems and found that it wasnt showing any ICEBUCKET activity at all on its platform.

What makes ICEBUCKET unique and difficult to stop is that some of its traffic is being generated to benefit app publishers. In some cases, White Ops has seen publishers mix organic and ICEBUCKET traffic. Why? The firm has two hunches: it could be a way to hide the operation by creating obfuscating noise that makes it tough to identify the bogus traffic, with a subset of traffic not benefitting the operation directly, or it could point to fraud-as-a-service.

If it is fraud-as-a-service, the botnet operators are getting paid to generate traffic on behalf of the app publishers. The mix of fraudulent plus legit activity not only makes it harder to detect; it also generates more money for the scheme.

It could be that both of those options are in play, depending on what subset of the traffic youre looking at. But while White Ops cant conclusively determine what the point is of the mixed traffic, it knows one thing for sure: this operation is still going strong.

ICEBUCKET is anongoing operation. The volumes shown in [our illustrations] have not gone down to zero. The fraudsters are still out there, but we are able to execute our bot mitigation and bot prevention techniques to detect them and protect against their attacks; were disclosing this discovery now so others can do the same.

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Bot creates millions of fake eyeballs to rip off smart-TV advertisers - Naked Security

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The internet’s battle against bots is heating up – The Hustle

Tired of clicking on photos of school buses to prove youre human? You may finally get a breather.

The security firm Cloudflare, which guards around 12% of the web from bots, announced that it was dropping reCAPTCHA the Google traffic authenticator for upstart rival hCAPTCHA.

Cloudflare said it made the jump because Google decided to charge for reCAPTCHA, which it had long offered for free, and because of long-simmering privacy concerns.

A successful one prevents bots from posting spam comments or snapping up in-demand retail goods.

When concert tickets go on sale, for instance, CAPTCHA blocks scalpers from unleashing bots that instantly buy up all of the seats. Before checking out, you take a quiz, and the algorithm decides whether youre human.

The first rendition of the CAPTCHA hit the scene in the 90s, when the search engine AltaVista came up with a test using skewed letters that bots (and sometimes humans) couldnt read.

Google bought reCAPTCHA from another team in 2009. In the early days, it used excerpts from The New York Timess archives to weed out fake traffic. By 2014, it switched to using photos from Google Street View.

For Google, reCAPTCHA serves dual purposes: It protects the web from abuse and also helps the company refine the accuracy of Street View.

reCAPTCHA covers about 45% of the bot-detector biz, but its a crowded market. Among its competitors are Anticaptcha, NuCAPTCHA, Geetest CAPTCHA, and hCAPTCHA.

Googles newest rendition of reCAPTCHA is the simplest yet. To prove youre not a robot, you check a box that says what else? Im Not A Robot.

But this system uses more than an honor code. Google sizes you up using a risk score that guesses how likely you are to be a bot. Its informed in part by your browsing cookies.

To critics, reCAPTCHA is just another way for Google to prioritize its own products. If youre signed into a Google account, or if youre using Google Chrome instead of another browser, reCAPTCHA is more likely to deem you a human.

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420 Day in Crypto: Remembering the Class of Altcoins That Went Up in Smoke – Bitcoinist

During the crypto hype cycle and asset bubble that formed in late 2017, everyone jumped on the cryptocurrency bandwagon and scrambled to launch altcoins designed to power a specific industry or category.

To celebrate the current 420-day holiday taking place across the globe, were looking back at a small subset of altcoins that went completely up in smoke when the bubble eventually popped.

Theres an altcoin token out there for just about everything imaginable. Theres a TrumpCoin and a PutinCoin even a Putin Classic. There was a Diet Bitcoin, launched by Pablo Escobars brother.

Everyone has heard of DogeCoin, and theres even a token straight-up called Useless Ethereum Token, complete with full disclosure that the coins are completely useless tokens. The token sale sold out completely.

For a short duration during peak crypto hype bubble, more altcoins were created with more serious tones, aimed at powering a specific industry, such as dentistry with DentaCoin, or the pornography industry with SpankChain, WankCoin, or the Vice Industry Token.

RELATED READING | TRUMP PUMP! POTCOIN SURGES 20% AS UNOFFICIAL NORTH KOREA SUMMIT SPONSOR

During the same timeframe, across North America, more and more US states and Canadian provinces began legalizing recreational marijuana, causing a massive surge in interest and growth in the sector.

Pot stocks caught fire, and projects were launched for crypto tokens that would eventually underpin these industries as the backbone. PotCoin, CannabisCoin, HempCoin, DopeCoin, and others were all created out of thin air and launched for investors to take a position in.

PotCoin was among the first cannabis-industry focused tokens to experience success. During the bubble, the crypto asset went on a roll from $0.001 per token to over $0.40 at the all-time high. Investors in the cannabis crypto were feeling just as high, for one reason or another.

Since that high was set, the altcoin went completely up in smoke. And so did other marijuana-focused altcoins.

PotCoin, CananbisCoin, HempCoin, DopeCoin, Cannation, Paragon, BlazerCoin, and all of the other pot-related crypto coins, have all fallen over 90% or more from their all-time highs. Some have lost as much as 99.9% of their valuations, leaving investors burnt out.

RELATED READING | BITCOIN TOO SLOW FOR CANNABIS INDUSTRY UNTIL BLOCK SIZE CHANGES

Markets are cyclical, and while its possible that these altcoins eventually make a comeback, time has shown that many industries dont need a crypto token, and has since revealed that any projects designed to serve such purposes werent well thought through business proposals, and are completely unnecessary.

Most will never recover anywhere close to their all-time high prices, even though the marijuana industry is thriving and growing rapidly thanks to widespread legalization across the world, and an expanding acceptance as a recreational drug and medical treatment alternative.

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Crypto Billionaire Says One Altcoin Reminds Him of Bitcoin and Ethereums Early Days – The Daily Hodl

Tyler Winklevoss, co-founder of New York-based crypto exchange Gemini, is calling out Chainlink (LINK) and its potential to break out as one of the next big altcoins.

The billionaire crypto entrepreneur and early Bitcoin investor says the smart contract project is built with quality technology and supported by a following thats reminiscent of the early BTC and Ethereum evangelists.

I really appreciate the passion of the LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.

Gemini recently announced the addition of trading and custody services for LINK, as well as Dai and Orchid (OXT). Winklevoss says he doesnt own any Chainlink but thinks its a fantastic project that demonstrates one of the many great promises of crypto.

Chainlinks main goal is to give enterprises a simple and seamless way to take data and place it on the blockchain. The token is designed to reward people who run nodes and power the network.

LINK outperformed Bitcoin in 2019 and was one of the most successful crypto assets of the year, rising from around $0.29 last January to about $1.80 by the end of December, according to CoinMarketCap.

After reaching an all-time high of $4.95 on March 4th, it crashed in mid-March like the rest of the crypto industry. It has bounced back from its March low of $1.64 and is currently trading at $3.47 at the time of writing.

Featured Image: Shutterstock/Liu zishan

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Crypto Billionaire Says One Altcoin Reminds Him of Bitcoin and Ethereums Early Days - The Daily Hodl

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Bitcoin Halving: Can Ripple (XRP), Litecoin and other altcoins benefit? – Crypto News Flash

Bitcoin halving is considered to be a potential catalyst for an increasing Bitcoin price. However, this years halving event cannot be compared to past halvings as the market has matured more significantly according to some experts such as Binance founder Changpeng Zhao. What is certain is that the reward per block mined will be reduced from 12.5 to 6.25 Bitcoin, which means that Bitcoin miners can expect significant sales losses.

If the Bitcoin price rises, driven by the halving, then altcoins such as XRP and Litecoin could also benefit in the long term. A recently published study by Binance shows that the correlation between Bitcoin and the Altcoin market remains strong. Ether (ETH), Dash, Ripple (XRP), Bitcoin Cash (BCH), Monero (XMR) and EOS show the highest correlation with a rate between 74% and 82%.

The Ethereum price, with 82%, shows the highest correlation with Bitcoin within the last 3 months. Furthermore, Bitcoin is tradable against almost all altcoins, so that there is a further dependency, although the available trading pairs with Fiat currencies and other altcoins continue to increase. Bitcoins market capitalization is more than half of the total crypto market (64.1%), so price movements of Bitcoin have always had a significant impact on the altcoin market.

Pierce Crosby, Managing Director of Trading View, describes that Bitcoin and the altcoin market have always been strongly correlated:

Everything correlates to Bitcoin, much like in the U.S. equity market, everything correlates to the U.S. dollar. Bitcoin is the largest store of wealth for the asset class, so everything is basically pegged against its overall performance.

Van de Poppe, a full-time trader on the Amsterdam Stock Exchange, explains that Bitcoin and Ethereum, as well as all Ethereum-based cryptocurrencies, have the highest correlation with Bitcoin:

The reason is quite simple; the king of movers are Ethereum and Bitcoin and still, the majority of the ICOs are based on Ethereum. So when Ethereum moves, they usually follow. The same goes for the IEOs. If Binance Coin trends up, they usually follow.

Nevertheless, there are times when BTC and ETH show a rather lower correlation, as ThreeArrows CEO Su Zhu described in a recent tweet.

The financial economist and well-known Bitcoin critic Peter Schiff says that the halving of Bitcoin is bullish for the price, but some speculators may use the time of the upswing to realize profits and thus build up selling pressure:

As its universally regarded as being bullish, lots of speculators have already bought. This risks a huge sell the fact, as those hoping to cash in, cash out.

Ripple CTO David Schwartz replied that he disagrees completely, as it makes no sense that the bearish selling pressure is not yet priced in:

Youre saying the halvings bullish affect on supply is priced in but the bearish sell pressure after it isnt? The reverse seems much more plausible to me, and yet still pretty implausible.

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Last Updated on 15 April, 2020

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Ethereum 2.0 Precursor Topaz Testnet Released – Product Release & Updates – Altcoin Buzz

Prysmatic Labs announced the release of the testnet for Ethereum 2.0 mainnet via its official Twitter handle on April 14.

Prysmatic Labs is the open-source client developer to scale Ethereum with sharding protocol. According to their tweet, the features of the new release is called the Topaz testnet.

Prysmatic Labs threw more light on the development in implementing Ethereum 2.0 in a Medium blog post.They also encouraged users to test their deposits as Genesis would be coming in a few days.

It is also pertinent to note that the Topaz testnet is the last landmark before the launch of Ethereum 2.0 phase 0 after Ruby and Sapphire. Topaz testnet has to be up and running before Ethereum 2.0 phase 0 officially launches.

The blog post pointed out that while running the previous Sapphire testnet, Prysmatic Labs had used lesser deposits of 3.2 ETH. This was because they had already targeted a mainnet-like configuration. This explains why participation in Topaz would require validators to deposit 32 ETH on the Goerli ETH1 testnet.

Also, Prysmatic Labs mentioned the closing of the Sapphire validator taking place on April 16. It helped to enable the commencement of primary topaz deposits. At this point, it is relevant to notes that Topaz testnet is the only complete ETH 2.0 testnet.

Concerning specifications, Prysmatic Labs also announced that Topas testnet would run on Prysm version V1.0.0-alpha and version 0.11.1. They also recommended the following system requirements:

Vitalik Buterin, the inventor of Ethereum, further elaborated on the announcement by Prysmatic Labs. He categorized the Topaz testnet as equivalent to the Olympic test network set up for Ethereum 1.0.

He also clarified that the new release did not mean the start of the anticipated multiclient testnet. He also speculated that a few restarts would soon be made to create more chances for the test of the genesis mechanism. Vitalik commended Prysmatic Labs on the Topaz testnet. Incidentally, this is a step towards the release of Ethereum 2.0 mainnet phase 0, although there is still no announcement of a specific launch date.

To remind, we recently covered that the Ethereum 2.0 audit by security consultant, Least Authority, had unearthed theoretical defects that made it susceptible to attacks. Recently, James Wo also tendered his resignation from the Ethereum Classic (ETC) cooperative board following differences with the executive director, Bob Summerwill.

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Ethereum 2.0 Precursor Topaz Testnet Released - Product Release & Updates - Altcoin Buzz

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