Page 3,703«..1020..3,7023,7033,7043,705..3,7103,720..»

Cloud Computing Data Center It Asset Disposition Itad Market New Opportunities For Growth And Profitable Business Development 2024 | AMI, Iron…

April 11, 2020 | Author: admin

TheCloud Computing Data Center It Asset Disposition Itad Marketresearch Report is a valuable supply of perceptive information for business strategists. This Premium Tyres Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The key market segments along with its subtypes are provided in the report. This report especially focuses on the dynamic view of the market, which can help to manage the outline of the industries. Several analysis tools and standard procedures help to demonstrate the role of different domains in market. The study estimates the factors that are boosting the development of Cloud Computing Data Center It Asset Disposition Itad companies.

You can get the sample copy of this report now @https://www.reportsintellect.com/sample-request/996981

Key Companies Covered : AMI, Iron Mountain, CloudBlue, Apto Solutions, Arrow, Tes-Amm

You get the detailed analysis of the current market scenario for Cloud Computing Data Center It Asset Disposition Itad and a market forecast till 2024 with this report. The forecast is also supported with the elements affecting the market dynamics for the forecast period. This report also details the information related to geographic trends, competitive scenarios and opportunities in the Cloud Computing Data Center It Asset Disposition Itad market. The report is also equipped with SWOT analysis and value chain for the companies which are profiled in this report.

Most Important Types : IT Equipment, Support Infrastructure

Most Important Application : Data Sanitization, Recovery, Recycling

Get Instant discount @https://www.reportsintellect.com/discount-request/996981

Global Cloud Computing Data Center It Asset Disposition Itad Market Size, Status and Forecast 2019 2024

1 Market Overview

2 Manufacturers Profiles

3 Global Cloud Computing Data Center It Asset Disposition Itad Sales, Revenue, Market Share and Competition by Manufacturer

4 Global Cloud Computing Data Center It Asset Disposition Itad Market Analysis by Regions

5 North America Cloud Computing Data Center It Asset Disposition Itad by Countries

6 Europe Cloud Computing Data Center It Asset Disposition Itad by Countries

7 Asia-Pacific Cloud Computing Data Center It Asset Disposition Itad by Countries

8 South America Cloud Computing Data Center It Asset Disposition Itad by Countries

9 Middle East and Africa Cloud Computing Data Center It Asset Disposition Itad by Countries

10 Global Cloud Computing Data Center It Asset Disposition Itad Market Segment by Type

11 Global Cloud Computing Data Center It Asset Disposition Itad Market Segment by Application

12 Cloud Computing Data Center It Asset Disposition Itad Market Forecast

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendixes

Reasons for Buying this Report:

About Us:

Reports Intellect is your one-stop solution for everything related to market research and market intelligence. We understand the importance of market intelligence and its need in todays competitive world.

Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you.

So whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.

Contact Us:

sales@reportsintellect.com

PH +1-706-996-2486

US Address:

225 Peachtree Street NE,

Suite 400,

Atlanta, GA 30303

View original post here:
Cloud Computing Data Center It Asset Disposition Itad Market New Opportunities For Growth And Profitable Business Development 2024 | AMI, Iron...

Read More..
Posted in Cloud Computing | Leave a Comment

WIMI Hologram Cloud (NASDAQ:WIMI) Focuses on AI Vision Cloud Service Competing with Google and Microsoft – Press Release – Digital Journal

April 11, 2020 | Author: admin

As a global technology giant, Google and Microsoft have been working in the field of artificial intelligence for a long time. Whether it is academic achievements or industrial applications, there are also reports about them. However, what people seldom talk about is that they also use AI technology to improve the advertising revenue. In fact, Google, Microsoft and other Internet giants did not disclose much detail about the operation of their advertising business. Microsoft, Google and Alibaba all used in-depth learning to predict the click through rate of advertising, and made significant profits here. This machine learning technology also attracted the attention of AI investment field.

Cloud computing is a system platform with huge scale and complex technology. How to carry out safe and efficient operation, maintenance and management of all kinds of software and hardware resources distributed in data centers around the world not only involves huge resource investment, but also involves whether the business systems and services of hundreds of millions of customers can run smoothly, expand flexibly and meet business needs at any time. Microsoft azure currently serves 58 regions around the world and is the most extensive public cloud in the world. In order to maximize the utilization of cloud computing resources and optimize the overall operation level of the cloud platform, the azure team and researchers of Microsoft Research Institute began to think about how to use machine learning to predict and optimize the resource allocation of azure.

And the holographic AI cloud service of WIMI Hologram Cloud (NASDAQ:WIMI) is unique in the industry. In the existing cloud service market, technology giants occupy the majority, and building cloud services based on artificial intelligence will become the next main battlefield of the giants. AI is an upgrade of information infrastructure and a huge engine for future industrial development. The giants want to seize a large number of opportunities in the upgrading process and empower the whole industry. Second, open source is an open innovation. Through the open-source deep learning platform, it can not only attract a large number of developers, but also provide a large number of data support for machine learning, as well as a large number of real-world scenarios.

WIMI Hologram Cloud (NASDAQ:WIMI) has integrated the identity of holographic AI cloud mobile software developer, service provider and operator, and has also become one of the leading holographic AI integration platforms in the world. More than 4654 holographic content IP reserves are in technical reserve, and leading enterprises in the industry are subdivided. The technology of each link is mature, the number of customers is 485, and the number of holographic AR patents is 224, including 132 patents and 92 pending patents. The technology is becoming more mature. Its business application scenarios are mainly concentrated in five professional fields, such as home entertainment, light theater, performance system, commercial publishing system and advertising display system.

In the future, new algorithms will emerge one after another, but deep learning will not be replaced. No substitution doesn't mean that the deep learning theory has been perfect and become the cornerstone of other disciplines. The development of technology has a strong continuity, and few theories have been completely subverted. Like today's capsule network, meta learning. On the surface, they are far from the original deep learning network model. But in depth, in fact, they are using some techniques of deep learning to construct new architectures. The main reason why we are not satisfied today is that what artificial intelligence has done at present can only stay in the assistance of a single problem, and it is impossible to have real innovation or even become the assistance of complex problems. Next, there will be a lot of work to propose different algorithms based on different perspectives. We still look forward to a unified framework. However, the current situation is that the more single perspective, the better the effect may be. After all, the choice of perspective is equivalent to human knowledge, which is equivalent to simplifying the learning difficulty of neural network.

In the era of AI, China and the United States fully realize the importance of artificial intelligence, and comprehensively support artificial intelligence enterprises from talents to policies. The improvement of national strength comes from the innovation of science and technology enterprises. The United States is in a leading position with absolute strength, and China's AI vision enterprises such as NASDAQ (WIMI) are also preparing for development. Chinese enterprises will also have the opportunity to become the trendsetters in the AI era.

Media ContactCompany Name: OBNewsOnline IncContact Person: Matt SmithEmail: Send EmailPhone: (+44) 20 8383 1211Address:218-993 Harold Street City: London W2E 3LTState: EnglandCountry: United KingdomWebsite: https://observernewsonline.com

Read the original:
WIMI Hologram Cloud (NASDAQ:WIMI) Focuses on AI Vision Cloud Service Competing with Google and Microsoft - Press Release - Digital Journal

Read More..
Posted in Cloud Computing | Leave a Comment

3 Tech Stocks That Turned $10,000 Into $6 Million or More – The Motley Fool

April 11, 2020 | Author: admin

If you're a long-term investor, the daily variations in the stock market shouldn't distract you -- even today, when coronavirus-induced uncertainties amplify the volatility. Instead, you should focus on picking leaders in industries with long-term growth prospects. That's easier said than done, but the rewards can be significant.

Here are three tech stocks that should keep on growing after having turned $10,000 into more than $6 million over the last few decades, despite the dot-com bubble, the financial crisis, and the coronavirus pandemic.

Cisco Systems (NASDAQ:CSCO)was founded in 1984 and became publicly traded in 1990. At that time, Cisco was a profitable high-growth tech specialist, selling hardware products -- mostly routers and switches -- that connect computers and networks.

During fiscal 1990, revenue increased to $69.8 million, up 152% year over year, and profits under generally accepted accounting principles (GAAP) reached $13.9 million.

Over the years, the tech giant further developed its offerings and acquired many companies to enhance its portfolio. It also expanded its footprint into areas such as cybersecurity, communications, and applications to profitfrom cross-selling opportunities with its networking solutions.

Today, Cisco's core business still consists of selling networking products, but the company has been updating its portfolio to remain relevant for the next many years.For instance, Cisco's software-as-a-service (SaaS) platform Webex -- which has become more popular with the enforced stay-at-home policies to limit the spread of the coronavirus -- provides communications capabilities from anywhere.

As a result, revenue reached $51.9 billion in fiscal 2019. Moreover, the company remains highly profitable, thanks to its scale, with GAAP net income of $11.6 billion last year. Logically, the stock has provided a healthy return for early investors. An investment of $10,000 at Cisco'sinitial public offering (IPO) would now amount to $6.6 million, and that excludes the dividends the tech giant started paying in 2011.

Image source: Getty Images.

Intel(NASDAQ:INTC) was founded in 1968. When it became public in 1971,the semiconductor specialist generated revenue of $9.4 million and turned a GAAP profit for the first time with net income of $1 million,thanks to its memory chips business.

Through itsresearch and development efforts, boosted by acquisitions, Intel developedcentral processing units (CPUs) for computers. In 1981, IBM selected Intel's microprocessor to run its first mass-produced personal computer (PC). Since then, Intel has dominated the PC market. According to Steam's hardware and software survey in March, 81.25% of respondents were running Intel microprocessors.

In addition, Intel reigns over the server CPU market with a market share of 95% during the fourth quarter of last year. And management aims to expand the company's leadership into new growth opportunities, such as 5G, artificial intelligence (AI), and autonomous driving.

Last year, Intel's revenue grew to $72 billion, and GAAP earnings reached $21 billion. As a result of this impressive growth since 1971, $10,000 invested at Intel's IPO would have grown to $29.5 million by now,and that excludes any dividends you would have collected since 1992.

Bill Gates foundedMicrosoft (NASDAQ:MSFT)in 1975, and the software company sold its shares to the public in 1986. Microsoft's early success was due to its operating system, known as DOS, that worked with Intel's processors.

Revenue in 1986 increased to $197.5 million, up 38.5% year over year, and the company was also already profitable with $39.3 million of GAAP net income.

Microsoft expanded its footprint the same way Cisco and Intel did: It internally developed its offering and acquired companies to enhance its portfolio in areas that supplemented its existing solutions. The Microsoft Office productivity software suite and the Windows operating system probably remain the most relevant illustrations of these synergies.

Since current CEO Satya Nadella took over in 2014,the company has embraced cloud-computing technology. Microsoft's empire now encompasses a wide range of complementary areas, such as video gaming with Xbox and social networks with LinkedIn.

Thanks to its success, Microsoft grew its revenue and GAAP net income in fiscal 2019 to $125.8 billion and $39.2 billion, respectively.The company's stock price reflects this stellar trajectory: A $10,000 investment at Microsoft's IPO would have turned into a small fortune of$22.6 million, without taking into account the dividends the software giant has paid since 2004.

Following their impressive growth over the last few decades, these three tech stocksgenerate huge profits that should still climb, since they have transformed their businesses to address secular growth opportunities, such as cloud computing and 5G.Thus, long-term investors should still consider investing in these dominant tech companies.

See more here:
3 Tech Stocks That Turned $10,000 Into $6 Million or More - The Motley Fool

Read More..
Posted in Cloud Computing | Leave a Comment

Microsoft Continues Cloud Hiring, Freezes Other Areas – WebProNews

April 11, 2020 | Author: admin

As the global pandemic continues to take its toll, Microsoft is freezing hiring for many roles, but is continuing to hire for its cloud division.

According to a report, employees told Business Insider that Microsoft is still hiring for roles within its massive cloud computing business, and the company was holding virtual hiring events for software engineers as recently as last week. Some groups, one employee said, are prioritizing consumer-facing and critical roles.

The news should come as no surprise, given the impact of the pandemic. As governments have called on individuals to social distance and stay at home, and as companies have sent their workers home with orders to telecommute, the cloud computing industry has entered its heyday. From Slack to Teams, Office 365 to Google Docs, Zoom to Skype, people are relying on cloud-based software and solutions like never before.

In view of that, it makes sense that Microsoft would continue hiring for its cloud division. Its likely that any increase in Microsofts cloud personnel will be permanent and far outlast the current crisis, due to the fundamental shift in the workforce the pandemic is causing. The longer it goes on, the more likely current telecommuting trends will become the norm, resulting in a permanent demand for cloud-based solutions.

View post:
Microsoft Continues Cloud Hiring, Freezes Other Areas - WebProNews

Read More..
Posted in Cloud Computing | Leave a Comment

The 4th industrial revolution is key to getting the global economy, and our lives, back on track – VentureBeat

April 11, 2020 | Author: admin

Preventive measures implemented by countries worldwide to halt the coronavirus (COVID-19) outbreak are forcing us to make fundamental changes to how we live, from work to play, business to education, policymaking to legislation. How long these measures will remain in place is hard to say, but it is widely feared they could be here for quite some time and will likely have a permanent impact on our lives.

While we must take every sensible precaution, we cannot indefinitely pause all economic and social activities. One way or another, life must go on, which is why it is now critical to find innovative ways to circumvent this pandemic or any other potential disruption.

We often hear that the fourth industrial revolution (4IR) is a force for disruption, posing a threat to the livelihood of people and the economic prosperity of society. However, current circumstances are portraying a very different picture, where 4IR technologies are presenting solutions to restore many parts of our daily lives, helping us overcome unprecedented challenges.

For example, technology and digital connectivity are allowing many people to work remotely and meet virtually, while education systems are offering children distance learning from the safety of their homes through webinars. Moreover, while we have been buying products on e-commerce platforms for many years now, this trend has recently been overtaken by online shopping for household essentials which may very well become the norm in our post-pandemic world.

Not only does the 4IR allow us to get on with our lives, but big data is also enabling us to triangulate the spread of the coronavirus, providing vital information that helps governments and healthcare systems react effectively and rapidly to contain the outbreak. Furthermore, 3D printing is also being used to ramp up production of essential medical supplies at short notice and that might be difficult to source through traditional supply chains, such as surgical masks, ventilator components, and diagnostic kits.

There is no doubt that 4IR technologies enable business activities to continue while maintaining the discipline of social distancing. For example, blockchain technology enables us to securely sign contracts without the need of being physically present. Artificial Intelligence (AI) can be used to power the factory floor and allow remote decision making, while robots can ensure production remains ongoing without exposing the workforce to any risk of infection. By combining the Industrial Internet of Things (IIoT) with cloud computing, global manufacturers could also remotely access a virtual command and control center to monitor and operate multiple facilities from anywhere in the world. At the current pace of adoption of these transformative technologies, we may very well end up ride-hailing an autonomous vehicle in the very near future, and thereby avoid being within close proximity of others who are contagious.

Therefore, we must embrace a new digital DNA for our society that will probably need to be fuelled perpetually with creativity and innovation. After all, innovation has proven to be an effective tool that can solve pressing challenges, and it remains to be the driving force behind the advancement of humanity and the acceleration of global good.

The Sustainable Development Goals of the United Nations call, amongst 16 other objectives, for the good health and well-being of all. The current global health crisis has lent further urgency to actions that require us to be united and resilient. The pandemic will undoubtedly shock the manufacturing sector in the near term, and even force the temporary or permanent closure of many factories. At some point though, this global health crisis will come to a formidable end. The disruption to supply chains will shift countries towards more domestic production and capacity, building programs for their local workforce.

In the longer term, the crisis will spur more innovation to advance digital technology, leaving a legacy of fundamental change to the way many things are made, used, or disposed of. This is a new era of digital restoration one that will not only restore our social and economic networks but will also pivot us towards a digital world that is empowered, enabled, and expedited by 4IR technologies to restore global prosperity.

Badr Al-Olama is Head of the Organizing Committee of the UN-backed Global Manufacturing and Industrialization Summit.

Read more from the original source:
The 4th industrial revolution is key to getting the global economy, and our lives, back on track - VentureBeat

Read More..
Posted in Cloud Computing | Leave a Comment

Bitcoin Active Supply Touches 3-Year High, But What Does it Imply? – Bitcoinist

April 11, 2020 | Author: admin

When Bitcoins price fell sharply four weeks ago network activity dropped as investors began to put their coins into storage. This trend is reversing as the daily transaction number is once again increasing, and coins are on the move.

Glassnode has posted a chart of active Bitcoins that shows how the number moving across the network began to accelerate rapidly last August, only to level off last month. Now, this number is once again picking up.

Overall network activity is also once again increasing after a sharp drop in March, as seen in this chart from Blockchain.info:

The key takeaway from this information is that the flagship cryptocurrency is once again on the move. The changes in activity on the network may be relatively small, but they still demonstrate a shift away from hodling Bitcoins to using them.

In all likelihood, these increases are due to an uptick in trading, which will no doubt take place as prices rise. Many investors see the market recovery as an opportunity to make a quick profit from what is clearly a growing demand for cryptocurrency.

It is worth noting that the upcoming block halving is also providing a strong incentive to acquire Bitcoin now before the supply drops in mid-May. Also, fear of inflation and a continued global economic slowdown is driving many to put their assets into safe havens, for which Bitcoin and other cryptocurrencies are ideally suited.

Whereas activity volume on the Bitcoin platform ebbs and flows from month to month, it is worth noting that the network continues to work as designed. Fees remain low, and confirmation times are relatively quick.

The network will begin to show signs of congestion at around 400,000 transactions per day, which is substantially more than the present number. This last happened in 2017, resulting in slow transactions and high fees. The Lightning Network now exists to help prevent such problems from ever happening again, yet needs more work to make it reliable and user friendly enough for mass use.

It is reasonable to assume that the number of active Bitcoins will continue to increase along with overall crypto adoption. Activity across the blockchain space is accelerating, much of which is taking place in areas such as decentralized finance and supply chain tracking. Present data clearly indicates that interest in this new asset class continues to grow.

IsBitcoin trading activity up? Share your thoughts in the comments below.

Images via Shutterstock, Glassnode, Blockchain.com

Read more:
Bitcoin Active Supply Touches 3-Year High, But What Does it Imply? - Bitcoinist

Read More..
Posted in Bitcoin | Leave a Comment

How Has Bitcoin Performed During The Crisis? – Forbes

April 11, 2020 | Author: admin

How has Bitcoin held up during the recent market stress? (Photo by INA FASSBENDER/AFP via Getty ... [+] Images)

Some argue that Bitcoin is potentially a robust defensive asset, somewhat like gold. This is Bitcoins first major U.S. recession, when these sorts of assets can do well. How is it doing?

So far its performance has been mixed. Bitcoin has held up better than many stocks, but has fared less well than many other assets that can protect portfolios at times of market stress. For the year to date, Bitcoin has fallen 5%. Thats much better than the S&P 500 which is off 14% for the year. Nonetheless, other assets that can offer safe haven at a time of crisis have risen. For example gold is up 11% and a diversified portfolio of bonds is up 4%.

Hence if you view Bitcoin as a sophisticated digital form of gold, it hasnt quite played out that way during this crisis so far. However, we should note that we may still be early in seeing the full economic impact of COVID-19. As such its hard to reach a conclusive verdict until the economic impact has played out in full. Ideally, youd want to look across multiple economic cycles too, though since Bitcoin is a relatively young asset, this is not possible.

Furthermore, though on a near term view Bitcoin hasnt done what many other safe haven assets have done, it is of course noteworthy that on a 5-year view Bitcoins return still dwarfs just about any other major asset class because Bitcoin has risen over 30-fold over that period.

So it doesnt appear that Bitcoin behaves as a safe haven asset at this point. Whereas high-quality bonds and gold have risen over the crisis, Bitcoin has not. Still, it is also somewhat early to reach that determination. Bitcoin has outperformed stocks by a substantial margin and potentially remains a less correlated assets, that still means it can potentially play a role in portfolios. That is to say, even though Bitcoin may not necessarily rise in times of crisis, it follows its own supply and demand drivers and that can be useful in managing risk. A similar example might be other commodities such as oil. In this crisis oil has had a massive decline as a price war has occurred in conjunction with the COVID-19 outbreak, but at other times of crisis oil has performed very well. Holding lots of different assets from stocks to Bitcoin to oil in portfolios can potentially smooth returns over time compared to holding individual assets in isolation.

Also, one role of Bitcoin is to potentially protect against the falling value of currencies such as the U.S. Dollar. Interestingly, so far this crisis, the U.S. dollar has risen quite strongly on a trade-weighted basis and is up around 8% for the year so far. That creates a headwind for Bitcoin when you are assessing its price in dollars. Indeed, though a future crisis could involve a weakening dollar, and that may bode well for Bitcoin, this crisis has definitely not played out that way so far.

So, we can say that so far in this recession, Bitcoin hasnt quite behaved as a safe-haven asset and there are probably better strategies to protect your portfolio. However, Bitcoin can still diversify portfolios to some degree, and that makes it potentially useful. Plus its still early to assess the performance of Bitcoin. For other major asset classes we have over a century of data across many economic scenarios, for Bitcoin we have a little over a decade.

View post:
How Has Bitcoin Performed During The Crisis? - Forbes

Read More..
Posted in Bitcoin | Leave a Comment

More Profit-Taking? Bitcoin Price Sags 7% Ahead of Easter Weekend – CoinDesk

April 11, 2020 | Author: admin

Major cryptocurrency markets fell 7 percent over the past 24 hours, with bitcoin (BTC) retreating below $7,000.

While traditional stocks saw modest gains during early trading hours Friday, the crypto market shed more than $13 billion over the past 24 hours, according to Nomics. Most large-cap cryptos fell more than 8 percent in that time period, with BTCs 6.8 percent dip being the only exception.

The sell-off appears to have begun early UTC Friday.

According to CoinDesks Bitcoin Price Index, the worlds oldest cryptocurrency fell from about $7,300 at 01:00 UTC Friday to just above $6,800 as of press time, losing nearly $500 over 14 hours.

Given some of the abruptness of the overnight move, it suggests that some larger holders were inclined to take profits at these relatively favorable prices, David Nuelle, managing director of Hehmeyer Trading + Investments, told CoinDesk. Other than that, I dont see anything that would precipitate the market move.

Still, Nuelle called bitcoins recovery from mid-March lows of roughly $4,100 pretty impressive.

With other markets closed and it being a U.S. holiday, the crypto markets are generally feeling less liquid, CMS Holdings Partner Bobby Cho told CoinDesk. I dont see this being an issue with crypto fundamentals, rather, short term market liquidity issues.

In contrast to the crypto markets, traditional stock markets capped largely positive weeks. Both the S&P 500 and the Dow Jones Industrial Index saw major gains in the last four days of trading (markets were closed Friday for the Easter holiday), despite the economic hit caused by record job losses.

The U.S. saw 10 percent of its workforce laid off over a three-week period as a result of the ongoing COVID-19 outbreak. Jobless claims grew 6.6 million on Thursday, for a total of 16 million, according to CNBC.

Economies worldwide are bracing for an economic shock due to the pandemic. Germany and France are already seeing their economies slide into a recession, the New York Times reported Thursday.

Zack Seward contributed reporting.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Read the original:
More Profit-Taking? Bitcoin Price Sags 7% Ahead of Easter Weekend - CoinDesk

Read More..
Posted in Bitcoin | Leave a Comment

Bitcoins Next Boom Has Already Begun – Forbes

April 11, 2020 | Author: admin

Bitcoin and cryptocurrencies have returned to the spotlight in recent weeks, despite the bitcoin price crashing along with traditional markets last month.

Governments and central banks around the world have moved to flood the market with freshly-minted cash to fight the economic devastation wrought by the coronavirus pandemic just as bitcoin investors brace for a highly-anticipated supply cut.

Now, after courts in India reversed a near two-year effective bitcoin ban in March, bitcoin trading in the country is explodingpushed higher by a country-wide economic slump and a coronavirus-induced lockdown.

Bitcoin and cryptocurrency interest in India is soaring amid economic stagnation and a nationwide ... [+] coronavirus-induced lockdown.

Bitcoin and crypto banking services platform Cashaa India saw its trading volume rocket by 800% in the two days after the ban on the country's banks facilitating cryptocurrency transactions was lifted.

"The platform also registered a volume of 600+ [bitcoin] in the first 24 hours," Cashaa chief executive Kumar Gaurav told bitcoin and crypto industry news site Coindesk.

India's bitcoin and crypto ban was originally brought in to calm over-eager investors who were at risk of losing money to the myriad of scams that plagued the market in 2017 and 2018. Indian crypto exchanges were adding up to 300,000 new customers every month before the crackdown, it's been reported.

Since the ban has been lifted, a survey carried out by peer-to-peer bitcoin marketplace Paxful found three in every four people in India with some understanding of cryptocurrencies have invested in them.

"India has proved itself as a center for innovation, and were excited to see the growth and discoveries they will bring to the [bitcoin and crypto] industry," said Paxful chief executive Ray Youssef, adding: "India has a lot of potential in all aspects of growth."

As India struggles with record high unemployment, likely to be significantly worsened by the coronavirus pandemic, the survey also revealed people in India believe cryptocurrencies could spur job creation and economic activity.

India's national 21-day lockdown ends on April 14 but a number of state governments have urged prime minister Narendra Modi to extend itpotentially making the country's economic crisis more dangerous than the coronavirus pandemic itself.

A recent study found over half a billion people around the world could be pushed into poverty by the economic fallout from the spreading coronavirus pandemic.

Elsewhere, bitcoin and cryptocurrencies have seen a surge of interest around the world since the coronavirus crisis began, causing some traders and investors to recall bitcoin's epic 2017 rally.

In 2017, the bitcoin price climbed from under $1,000 per bitcoin at the beginning of the year to around $20,000 by December, largely driven by retail investors and so-called fear of missing out as early bitcoin adopters became overnight millionaires.

Some of the world's biggest bitcoin and crypto exchanges have reported an influx of new users since the coronavirus shutdowns started.

The bitcoin price has weathered the coronavirus storm more-or-less intact, up around 40% on this ... [+] time last year despite some wild swings over the last month.

Away from India's booming bitcoin interest and the coronavirus pandemic's economic crisis, bitcoin and crypto investors have a lot to feel bullish about.

"Almost every disruptive benefit of bitcoin is surfacing today: asset scarcity in a world of fiat dilution, self-sovereign capital ownership amidst government overreach of civil liberties, cross-border payment transfers during system outages and [fears of] contagious paper money [in] China," said Tom Lombardi, director at investment management company Wave Financial.

"All of this occurring on the heels of massive support and bitcoin application development from Fidelity, Square, Revolut, the highly anticipated Bakkt App, a subsidiary of ICE and the NYSE that's partnered with Starbucks, and India lifting the crypto trading ban."

A survey of major bitcoin investors showed most were upbeat at the beginning of the year, with the bitcoin price expected to soar to over $20,000 per bitcoin in 2020.

See more here:
Bitcoins Next Boom Has Already Begun - Forbes

Read More..
Posted in Bitcoin | Leave a Comment

This Could Be The Biggest Ever Month For Bitcoin And Crypto – Forbes

April 11, 2020 | Author: admin

Bitcoin and cryptocurrency investors are gearing up for what could be their biggest month ever as the countdown to bitcoin's next halving begins.

This week, bitcoin offshoots bitcoin cash and bitcoin SV will also go through halvingswith the number of new tokens awarded to so-called cryptocurrency miners cut by halfand giving bitcoin and crypto traders some indication of what to expect for bitcoin itself in mid-May.

Bitcoin has seen a surge in interest over the last month as the spreading coronavirus crisis sees ... [+] governments and central banks unleash never-before-seen levels of quantitative easing and stimulus.

Bitcoin cash, which split from bitcoin back in 2017 amid a row over the size of bitcoin's block size, will see its reward for miners fall from 12.5 bitcoin cash tokens to 6.25 on April 8.

Later this week, bitcoin SV, a further fork of bitcoin cash, will go through a similar token halving.

The halvings this week could push bitcoin cash and bitcoin SV miners toward bitcoinsomething that could send the bitcoin price higher.

"There is a real risk that the hash rate might be temporarily halved on both the bitcoin SV and bitcoin cash networks until the bitcoin halving in May, unless the price of the coins or the transaction fees of the networks increase significantly relative to bitcoin," analysts at Arcane Research have found, warning this could weaken the bitcoin cash and bitcoin SV networks and leave them open to attack.

Bitcoin is set to see its coin reward to miners fall from 12.5 bitcoin per block to 6.25 on May 13, 35 days from now, with the cryptocurrency community already looking forward to what's expected to be one of the biggest ever events in crypto.

"As the third halving event to occur, there are expectations for what might come after, with history telling us that the bitcoin price will typically begin to rise significantly within the 12 months following a halvingsomething that can be simply put down to supply and demand," said Danny Scott, the chief executive of Isle of Man-based bitcoin and crypto exchange CoinCorner, adding he expects the bitcoin price to surge back to its all-time high of around $20,000 per bitcoin this year.

There have already been two bitcoin halvings since bitcoin launched in 2009, one in 2012 and another in 2016. Bitcoin halvings are scheduled to continue roughly once every four years until the maximum supply of 21 million bitcoins has been generated by the networkwhich isn't expected to happen until well into the next century.

Bitcoin and cryptocurrency prices have broadly climbed this week, somewhat in anticipation of the upcoming halvings, but the global coronavirus crisis and government's extraordinary lockdown measures have dominated traditional and crypto markets.

Bitcoin and its forks' upcoming halvings puts them directly at odds with the massive stimulus measures and quantitative easing unleashed by the U.S. government, the Federal Reserve and other central banks around the world to spur economic activity as countries shut down to try to contain the coronavirus COVID-19.

Bitcoin's halving has "recently been dubbed the 'quantitative hardening,'" according to Scott, with CoinCorner reporting that March was its busiest trading month in two years.

The bitcoin price has climbed this week after a massive coronavirus-induced sell-off last month.

Some have suggested surging bitcoin demand could result in a bull run to rival bitcoin's epic 2017 rally that saw the bitcoin price climb from under $1,000 to around $20,000 in less than 12 months.

Other bitcoin and crypto exchanges have reported a similar uptick in activity over the last month with year-on-year U.S. registrations for London-based bitcoin and crypto specialist broker eToro soaring 221% in March.

"People are coming to us to invest in crypto-assets so we are still very bullish on its long-term potential," said Guy Hirsch, eToro's U.S. managing director, adding: "There is a growing consensus that due to the Fed announcing unlimited quantitative easing, investors could soon be looking to bitcoin as an inflation hedge against a depreciating dollar."

Other bitcoin and crypto market watchers are similarly upbeat, betting on bitcoin as a "store of value" due to its "scarcity."

"Whilst halving events have previously generated major bitcoin price runs, I believe that other key drivers will have a more significant, longer-term impact on the price of the digital currency," said Nigel Green, the chief executive of financial advisory group deVere, pointing to central banks cutting interest rates to zero in an attempt to offset the economic turmoil wrought by the historic coronavirus pandemic.

"In this time of economic turbulence, the growing consensus that bitcoin is becoming a flight-to-safety asset has further strengthened," Green said.

See more here:
This Could Be The Biggest Ever Month For Bitcoin And Crypto - Forbes

Read More..
Posted in Bitcoin | Leave a Comment