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Alipays Progress in Developing the Official Chinese Cryptocurrency Amidst the Global Chaos – TWJ News

If/when cryptocurrencies based on official legal tenders become the new banter of the financial market, China has the potential to top the list by being one of the early adopters.

China introducing its own cryptocurrency based on its legal tender Yuan is one of the much-anticipated news of the cryptospace. Nevertheless, things have slowed down due to numerous reasons such as the Bitcoin crash, the current pandemic Coronavirus and much more.

While companies are laying off employees, and people are reporting bankruptcy, Alibabas Alipay has been registering several patents for Chinas own cryptocurrency.

Recently, a Chinese local blog reported that Alipay has been making preparations for the central banks cryptocurrency.

From February 21st to March 17th, 2020, Alipay has disclosed five patents related to the digital currency of the central bank. [You can find all the patents here]

On 21st, Method and device for executing transactions with digital currencies and electronic devices was registered followed by A method and device for managing accounts in digital currency on the 25th.

On 28th they published, a method and device for opening a wallet in digital currency and electronic device and recently on March 17, Alipay issued a patent on a digital currency-based anonymous transaction method and system.

The Chinese central banks digital currency DCEP adopts a two-tiered structure and requires operating institutions to participate in the secondary issuance of digital currency. This patent revealed in the background introduction that Alipay is likely to participate in secondary issuance, which is on an equal footing with commercial banks.

The decision-makers have also stated that the cryptocurrency may not have a blockchain necessarily but will comply with the traceability requirements of the digital asset. That said, the registered patents most important invention is how digital currencies can be traced.

Alipay decided to split the digital currency transactions into two; transaction execution instructions corresponding to each participant, and priority-based execution instruction. By sorting the results of transaction execution instructions, digital currency transactions can be traced back to the entire life cycle of digital currency circulation, while concurrent processing can be satisfied, which facilitates the controlled and anonymous circulation of cryptocurrencies.

Not just this, the second patent introduces a specific form of front-end encryption machine.

It can be a hardware device equipped with a secure computing environment. In the secure computing environment equipped with this hardware device, the public and private key equivalent data of the central bank can be maintained. This secure computing The environment can take on some of the cryptographic operations involved in the DC / EP distribution process.

Additionally, the patent released on 25th Feb provides a solution for the lack of supervision on crypto accounts. The patent introduces a method/device for controlling a digital currency account. Certain account restrictions will be deployed between each supervisor and the operating agency on the wallet server. This will help regulators to keep an account of the transactions.

Lastly, the most recent patent released on 17th March is about making transactions anonymous and how the cryptocurrency would be separate from cash money. The patent describes that digital currency is different from the electronic amount in the existing electronic account, but is the digitization of cash banknotes, which has the characteristics of a virtual entity.

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Huobi (HT) Buying Bitcoin and Other Cryptocurrency Is Easier With Huobi Lite – The Cryptocurrency Analytics

Huobi retweeted Sal Miah tweet that read: Buying Bitcoin Just Got Tremendously Simple with the Introduction of Huobi Lite!

Huobi Lite can be used to exchange Bitcoin and other kinds of cryptocurrencies for different fiat currencies. Fiat can also be used to buy cryptocurrency.

Huobi Wallet is the multi-currency decentralized wallet app developed by Huobi Group. It provides for storing BTC, ETH, BCH, LTC, TRX, XRP, USDT, ADA, DOGE, ONG, IOST, and ATOM.

The trend has been a friend for traders all the while. Anyone following a trend will have a bias. Choosing to go with a trend is just a beginning; however, the end result will not always be favorable. When to flip past the trend is something that comes to a decision making with practice and experience.

Huobi Charity recently tweeted: Momentum is showing in China where #COVID-19 cases are decreasing due to the great efforts of medical teams and assistant from communities around the globe. Thank you to everyone, including all medical staff & anyone who has provided information or donations. #HuobiCares.

Sydney Ifergan, the crypto expert, tweeted: The amount of money the investor has in Huobi Global will be automatically visible and tradable in Huobi Lite; includes USD, MYR, HKD, VNY, CNY Minimum and Maximum Trading Limits applicable. Feature Works.

Buying and selling cryptocurrency on Huobi Lite is a lot easier now.

Anyone into the cryptocurrency space has been dependent on the general direction of the market price of a particular cryptocurrency, whether Huobi Token (HT) or otherwise.

There are many ways to identify a trend, and each one has a particular way of identifying a trend. The first tool in analyzing a trend is a trend line. While not all trend lines are reliable, but the so-called reliable one will be able to give some direction about the progression of the trade. A valid trend line should have 3 touches.

Whether with the Candle Stick or other trend indicators, a downtrend is seen by lower highs and lower lows. When major support levels of price are broken, there is a lot of selling taking place, and it is considered to be a declining trend.

Trends can also be identified using indicators like the Exponential moving averages (EMAs) and Simple Moving Averages (SMAs); however, when it comes to price action, the EMA is very reactive. Spotting the trend is a crucial skill for any trader. Difficult for beginners, but it only gets better with practice.

No matter what token, one invests in whether in the Huobi Token (HT) or other Altcoins or Bitcoin stop loss is crucial.

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Lukka debuts resource library on all things cryptocurrency – Accounting Today

Lukka, which makes a tax preparation platform for cryptocurrency, has debuted Lukka Library, an interactive collection of academic papers dealing with controversial legal and tax questions that lack official guidance or regulatory frameworks.

The papers are mostly short form, and each addresses a specific issue and is meant to provide viewers with cutting-edge perspectives on issues related to the crypto ecosystems most hotly debated topics. Currently, more than two dozen authors from companies and firms are contributing to this library of information including McDermott Will & Emery; Steptoe & Johnson; Mayer Brown; Baker & Hostetler; Ivins Phillips & Barker; Simmons & Simmons; and the University of Pennsylvania.Some topics available to browse now include identifying the options a crypto holder has to file their taxes, and suggestions on how to value a cryptocurrency that fluctuates frequently. The content will provide insights not only for the existing crypto ecosystem, but is intended to empower existing companies and professionals to break into the crypto market.

Readers of the Lukka Library can submit requests for more topics, adding to the 170 already identified for creation. The collection also provides complete transparency and access to the authors, so that subscribers can solicit opinions and conversations from subject matter experts who wish to be contacted.

The Lukka Library is a unique and important new resource for the crypto tax and legal community, said Andrea Kramer, partner at McDermott, Will & Emery, in a statement. It provides thought leaders from many different, leading firms a platform to share their unique perspectives. At the same time, it offers subscribers a central database from which to gather various points of view to make informed decisions, a task that could normally cost clients many thousands of consulting dollars and potentially weeks to research.

We dont know of any resource that exists today for professionals that provides this level of knowledge from independent sources, added Roger Brown, Lukkas head of tax and regulatory affairs, and one of the content authors. While the IRS has continued to provide guidance on crypto assets, weve assembled comprehensive viewpoints on a number of issues that remain unsolved. Centralizing knowledge in the library reduces the cost of guidance, aligning with our mission to make tax and legal knowledge more accessible to everybody.

Currently, an individual subscription to access all of the Lukka Library content costs $99.95 per year.

Information and access to Lukka Library can be found at https://www.lukkalibrary.com/.

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Not Convinced New Investors are Buying Bitcoin, Top Analyst Says – newsBTC

While headlines about tanking bitcoin prices serve ideal opportunities for investors to enter the cryptocurrency market, one top analyst thinks the asset is lacking new buyers.

Alex Saunders, the CEO & Founder of Australia-based Nugget News, offered a wave of discouraging catalysts that might have driven people out of cryptocurrencies, including a wrecked US job report. More than three million Americans filed for unemployment last week, providing first-hand information about how the Coronavirus pandemic is affecting the US economy.

A downside is [now] likely for stocks & crypto, asserted Mr. Saunders. Im predicting it by next week. Are new investors entering crypto? Im not convinced.

The statements suggested a potential drop in bitcoins retail demand as jobless people turn to cash as their last resort amidst a pandemic. Meanwhile, institutional investors are also reducing their exposure in the cryptocurrency market for cash liquidity: to cover their margin calls or just hold it near to find buying opportunities in a wider bearish market.

Bitcoin has long enjoyed the status of an offbeat, non-correlated asset that could behave as safe-haven for investors in times of economic crisis. But in its first face-off with the one, the cryptocurrency has chosen to follow the bearish moves of stocks and similar risk-on assets.

For some, bitcoins long-term bias remains bullish. Brad Mills, partners at US-based private investment firm Xsquared Ventures, admitted that he sold some of its bitcoin holdings believing that the next three months will be bad for every asset. But he added that he will buy again.

Im still long term bullish, but the next 3 mths will not be good for any asset. the analyst said. Theres volume to exit now. Bitcoin will eventually decouple, but when the gravity of [Coronavirus] and the recession hits the USA, we will see another huge selloff. Thats when I buy.

As the hunt for the next-best buying opportunity continues, bitcoin has marked a fresh downside target in the $4,200-4,400 area following its latest move on Saturday.

The bitcoin-to-dollar exchange rate has broken out of its Rising Wedge pattern, confirming a broader move to the south. Mr. Saunders earlier noted that the pair could confirm the classic bearish indicator with a plunge, further validating it with the double top formation near the $6,900-area.

BTCUSD breaks Rising Wedge support | Source: TradingView.com, Alex Saunders

The $4,200-support could offer investors the opportunity to enter the bitcoin market again. Nevertheless, a further breakdown could leave the cryptocurrency with the possibility of testing lower $3,000 levels.

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How to identify when a cryptocurrency is about to skyrocket? | The Home of Altcoins: All About Crypto, Bitcoin & Altcoins – Coinlist

By Coinlist Posted on 27 March, 2020 0 Comments

One of the most recurring problems of the contemporary trader is detecting price movements before it is too late. In the cryptocurrency market, which trades tirelessly in an environment where volatility reigns, the challenge of identifying price actions in time can be even more difficult. However, there are several strategies that can help you be one of the first to enter at the right time. Find out how to identify when a cryptocurrency is about to skyrocket.

If you have technical analysis knowledge, you will know that there are a series of signals and indicators that can help the investor understand which direction the price of an asset is likely to take. In the case of the crypto industry, it is very important to detect them in time, since market cycles are usually shorter and less stable.

There are different types of breakouts. For example, when the price of a digital currency demonstrates a clear bearish channel, a bullish break is said to have been reached. When the opposite occurs and a well-established bullish guideline is broken, analysts call the case a bearish breakout. But these are not the only cases to identify. There are simple moving average crosses for different periods that allow changes in price movement to be detected. The crossing of death and the golden crossover are very important.

In any case, these will require some experience, or the follow-up analyses published by experts. Also, some of the more advanced platforms allow you to configure price alerts once you identify interest levels. This is an extremely useful tool, but it is only recommended to use for analysis with larger time frames in order to receive notifications that are really worthwhile.

TradingView charting platform allows you to configure notifications in your browser. Other investment platforms are even more powerful and allow you to configure notifications that you can receive through your mobile phone. Some examples include Coinbase and the eToro exchange platform.

Payment Methods

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Key Features

Payment Methods

eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETFs, indices and commodities. eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

The Internet is used to heavily influence the media and social networks. Thus, it is important to identify which digital currencies are setting the trend. Many analysts find a correlation between price movements and search interest on a digital currency through Google, for example.

In this case, Google Trends can be a strong ally to identify search interest in specific cryptocurrencies. In relation to social networks, the most important discussed topics related to bitcoin, blockchain and altcoins are often found on Twitter and Telegram. If you make a living through trading, then you will want to be subscribed to the most important cryptocurrency forums.

A little-known tool of CoinMarketCap is the summary of winners and losers over a given period. This shows a list of the cryptocurrencies with the highest percentage movement in three different time frames: 1 hour, 24 hours and 7 days. With this tool, the user can get an idea of where there is a significant price action, both up and down. However, to narrow the sample more precisely, we suggest filtering those currencies with very low trading volume. The latter are more volatile and the risk when investing rises considerably.

Other similar portals like Coin360 can also give similar metrics that help identify which cryptocurrencies are experiencing significant moves.

The list closes with the favourite of those who prefer to opt for smaller alternatives. When a small-cap cryptocurrency hits a large exchange like Coinbase or Binance, its price tends to gain traction. These platforms follow a rigorous process to admit new currencies into their offerings, a factor that may be considered positive and encourages them to invest in smaller projects that could gain importance in the future.

Making the analogy to the great market leaders, it is the equivalent of what happens when BTC or Ethereum start trading on institutional financial platforms, for example, futures at Bakkt or the CME Group in Chicago.

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How to identify when a cryptocurrency is about to skyrocket? | The Home of Altcoins: All About Crypto, Bitcoin & Altcoins - Coinlist

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Report: Asian Nations are Increasing Cryptocurrency Usage – Asia Crypto Today

A report from Hootsuite has found the Philippines as the nation with the highest amount of cryptocurrency owners with three of the top ten countries coming from the Asian continent.

The research, which cited GlobalWebIndex, saw the Philippines top with 17% of internet users holding crypto. Thailand came in fourth behind South Africa and Brazil in second.

Indonesia, which placed sixth worldwide, gained the headlines as 11% of internet users had cryptocurrencies. With the countrys enormous population of 270 million, that means a huge number of people are holding cryptocurrency in the nation.

However, whether the statistics put forward by the report are wholly accurate remains to be seen. Another Statista report on blockchain wallet ownership worldwide put the global figure at 44 million users.

In Indonesia, only 64% of the country has access to the internet making the 11% figure of cryptocurrency even more interesting, as well as less plausible. As any commentators looked to see the positives of the report, others, like Twitter user @DouglasTan30 have called for calm.

Although the statistics may have overstated the numbers, it is not right to say that the nations of Indonesia and the top-ranked country, the Philippines. Both governments have strong crypto communities and regulations to match this growing trend.

Digital payments have been apart of the landscape for a while too. 7 Eleven stores across the Philippines accept Bitcoin. Whatsapp have looked into making digital payments on its Indonesian version.

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Coronavirus Crisis Shows Benefits of Virtual Reality to Cryptocurrency Enthusiasts – The Merkle Hash

During the coronavirus crisis, a lot of focus has shifted to online meetings and virtual communication. All of this seems to indicate that virtual reality will become more popular, even in the cryptocurrency space.

Virtual reality remains a very niche technology for most consumers and companies.

It is something no one really needs, despite its potential.

During the coronavirus crisis, the demand for online social solutions is on the rise.

As such, now is the time to shine for virtual reality, even in the world of cryptocurrencies.

Several cryptocurrency-oriented meetings have already taken place in VR over the past few months.

Although the user pool is still relatively small, it shows how much potential this technology has.

That being said, there is still a lack of VR-oriented crypto and blockchain projects.

So far, it seems Decentraland is the only real option worth exploring, at least for now.

Until VR takes off on a larger scale, there isnt any real need for developers to explore that technology either.

Only time will tell whether VR and crypto can flourish together, or remain separate niche markets.

It is evident that innovative technologies will need to get to the next level of adoption.

Right now, it appears that such a shift will happen for cryptocurrency, but not necessarily for virtual reality.

Image(s): Shutterstock.com

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President of Brazilian banking On cryptocurrency: They do not fulfill any of the classic functions of currency – Crypto Daily

Murilo Portugal, the President of the Brazilian banking Federation has argued this week that digital currencies such as bitcoin are not actual currencies.

Portugal was speaking in a debate in regards to the impact of the digital revolution in the world of finance. The debating question looked into the impact of new technologies and how they are having changed the financial world as we know it. This includes things like blockchain, cryptocurrency, AI, financial technologies and big data.

Portugal made the argument that cryptocurrency doesn't actually fulfill any of these traditional functions of money. He added that they are not a unit of account nor a means of exchange. He further said:

"They are actually called coins but they are not coins, which is why it is cryptocurrency. They do not fulfill any of the classic functions of the currency, which is to serve as an account unit, where people can express prices. They do not serve as a means of payment or as a store of value because the volatility is very high."

When it comes to the world of finance, Portugal is a well-respected name. As well as having a degree in economic development from the University of Cambridge, Portugal served as an executive director of the World Bank and International monetary fund.

Finishing off, he went on to theorise that money and information are becoming one in the same. He predicted that data and information could end up becoming a regulated entity in the same way money is.

For more news on this and other crypto updates, keep it with CryptoDaily!

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Best ETFs of 2020: The Global X Cloud Computing Fund Should Be a Winner – Investorplace.com

This article is a part of InvestorPlace.coms Best ETFs for 2020 contest. Dana Blankenhorns choice for the contest is the Global X Cloud Computing Fund (NASDAQ:CLOU).

Since the start of 2020, the Global X Cloud Computing Fund (NASDAQ:CLOU) is down by 9%.

In a market infected with fear thanks to the coronavirus from China, that counts as a win.

CLOU had been outperforming the S&P 500 during January and February. The divergence has sharpened since things got serious on Feb. 19. Since then, CLOU is down 18%, but the S&P is down 27%.

CLOU is designed to track the INDXX USA Cloud Computing Index. This index encompasses companies that are actively involved in the cloud computing industry. Most are applications sold as services.

The largest holding of CLOU is Shopify (NYSE:SHOP), an e-commerce application that was one of the markets best performers in 2018 and 2019. Over the last three years it rose from less than $70 per share to a recent high of almost $600 before falling back to its present level of $415.

Other big application providers in the index are Netflix (NASDAQ:NFLX), Salesforce(NYSE:CRM) and Twilio (NYSE:TWLO), the latter of which embeds voice, video and text into other applications.

Many CLOU components provide services for other cloud companies. An example is Zscaler (NASDAQ:ZS), a cloud security company whose shares are up 23% so far in 2020. Zscaler has been warning about risks in the shadow IoT world, the laptops and phones used by workers at home.

Not everything CLOU touches has turned to gold. Among the losers so far are Paycom Software (NYSE:PAYC), which provides cloud-based human resources applications. Paycom has been hit hard as companies have moved to lay off workers, and the shares are down 20% so far in 2020.

CLOU doesnt just feature cloud application providers.

Akamai Technologies (NASDAQ:AKAM), originally created as a Content Delivery Network in 1998, now offers a host of security and connectivity solutions for carriers. Its software works inside the network, invisible to most users. Its customers include service providers as well as enterprises. Akamai shares are up nearly 3% so far this year.

Another big holding is Digital Realty Trust (NYSE:DLR), a real estate investment trust (REIT) that owns data centers. These are the buildings, filled with computers and networking gear, through which enterprises connect with the cloud and clouds connect to each other. REITs are organized to build with debt and pay income back to shareholders. DLRs dividend of $4.48 per share last year yielded 3.34%. Since the start of the year, DLR shares are up 13%.

Proofpoint (NASDAQ:PFPT) focuses on protecting e-mail, both the messages themselves and the mailboxes they rest in. This has become the most expensive problem in all of cybercrime, the company says. Since the start of 2020, however, Proofpoint shares are down by 14%, because it has been delaying profits in favor of growth. Thats an approach that is in bad taste right now.

I had no idea a global pandemic was around the corner when I chose to recommend CLOU late last year.

I was just looking to win the contest. It seemed to me that remote work, and cloud applications, were fated to grow fast. Most CLOU holdings are growth companies, not dividend payers, and that aggressive approach will usually win.

As I wrote at the time, To win a contest you must be bold. Even by the end of 2019, the transition to the cloud was only 20% complete, according to International Business Machines (NYSE:IBM).

That puts cloud applications at the center of their growth curve. Such companies have ample pricing power, limited competition and innovative solutions to offer. The way to growth is always on the leading edge.

So, it seems, is the way to safety in a panic.

Dana Blankenhornhas been a financial journalist since 1978. His latest book isTechnologys Big Bang: Yesterday, Today and Tomorrow with Moores Law, essays on technology available at the Amazon Kindle store.Follow him on Twitter at@danablankenhorn. As of this writing he owned shares in DLR.

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Blog: How cloud companies are reacting to Covid-19 and services offered: AWS, Alibaba, and more – Cloud Tech

LIVE As the Covid-19 pandemic continues, with citizens across many countries urged to work from home where possible, it has posed a unique challenge for both frontend applications and the backend technologies underpinning them.

A lot of attention has, understandably, focused on the former. Zoom, which appears to be the videoconferencing tool du jour for many businesses, has held up well thus far, although at the time of print (March 23) some downtime issues in the UK have been detected. Similarly, outside of work, Netflix is lowering its video quality to keep up with demand. Yet underneath it all, cloud infrastructure providers are aiming to keep their systems online throughout the pandemic.

Whether it is cloud software or infrastructure, many of the worlds leading companies are making their tools available for certain users primarily healthcare organisations or researchers working on Covid-19.

CloudTech is putting together a list of offerings from vendors reacting to the Covid-19 crisis, which can be found below. If your organisation is not on this list and is making products available, let us know at editorial@techforge.pub.

Alibaba Cloud said on March 23 that the Alibaba Foundation and Jack Ma Foundation had recently launched the Global MediXchange for Combating Covid-19. The project, with the support of Alibaba Cloud Intelligence and Alibaba Health, was established to facilitate continued communication and collaboration across borders, as well as to provide the necessary computing capabilities and data intelligence to empower pivotal research efforts, the company said. You can find out more about the initiative here.

In a previous Canalys report, Alibaba Cloud had been praised for offering credits to organisations enabling them to buy its Elastic Compute Service, as well as cybersecurity services. The company also made its AI-powered platform freely available to research institutions working on treating and preventing coronavirus. You can find out more about these services here.

Amazon Web Services (AWS) announced on March 20 that it was committing $20 million for customers working on diagnostics solutions. The AWS Diagnostic Development Initiative is open to accredited research institutions and private entities using AWS to support research-oriented workloads for the development of Covid-19 testing and diagnostics.

The initiative is being put together alongside 35 global research institutions, startups, and other businesses, and is being aided by an outside technical advisory group of leading scientists and global health policy experts. You can find out more about the project here.

Google Cloud announced on March 3 that it was rolling out free access to advanced Hangouts Meet videoconferencing capabilities to all G Suite and G Suite for Education customers globally, including larger meetings up to 250 participants per call as well as live streaming up to 100,000 viewers, and the ability to record meetings and save them to Google Drive.

The company has already taken other steps. On March 17, Google postponed its Cloud Next event, having previously made the decision to take its April 6-8 gathering virtual-only.

IBM said on March 22 that it was collaborating with the White House and the US Department of Energy among others to launch the Covid-19 High Performance Computing Consortium. The company said it would pool an unprecedented amount of computing power 16 systems with more than 330 petaflops, 775,000 CPU cores, 34,000 GPUs and more to help researchers everywhere better understand Covid-19, its treatments and potential cures.

The next step, IBM added, is to work with consortium partners to evaluate proposals from researchers around the world and provide access to this supercomputing capacity for the projects that can have the most immediate impact. According to reports, citing President Trump, Amazon, Google, and Microsoft are also part of the consortium.

Microsoft announced on March 19 that National Health Service (NHS) staff in the UK can use collaboration tool Microsoft Teams for free. NHS Digital rolled out Teams across all NHSmail users between March 16 and March 20.

In the US, Microsoft has helped design a coronavirus self-checker in a project alongside the US Centers for Disease Control and Prevention. As reported on March 23 the bot, called Clara, aims to help people make decisions about what to do if they have potential Covid-19 symptoms.

It was reported by ZDnet on March 24that the company is throttling some of its services to maintain Office 365 performance.

March 25: Linux software provider SUSE has announced it is offering free operating system and container technologies to medical device manufacturers working on Covid-19. Interested organisations should email CCO@suse.com.

March 25: Vineet Jain, CEO of cloud storage provider Egnyte, wrote on LinkedIn that the company would do 'everything it can' to help businesses of all sizes. Companies are requested to contact Egnyte directly.

March 25: In a similar vein to SAP, cybersecurity provider SANS Institute is offering various free online cybersecurity activities, having releasedsecure working and secure family kits the week before.

March 24: As reported by ZDnet, Microsoft is throttling some of its services, including SharePoint and OneNote, to maintain performance across Office 365.

March 24: SAP announced on March 20 that it was making some of its online learning portal available for 90 days. Access will be to 'four selected learning journeys for students interested in preparing digitally for a career in the SAP ecosystem'.

March 23: Banyan Security, a San Francisco-based vendor, said it would offer free access to its Zero Trust security offering for a limited time in the wake of the coronavirus pandemic.

March 23: Cisco said it would commit $225 million to coronavirus response to support healthcare and education, government response and critical technology. The funds, $8m in cash and $210m in product, will in part go to the United Nations Foundations Covid-19 Solidarity Response Fund.

March 20: Huawei said it had worked with Huazhong University of Science & Technology and Lanwon Technology on an AI project to help ease the burden on imaging doctors who are able to diagnose and quantitatively analyse Covid-19.

March 17: ServiceNow announced it was making certain apps available to any public agency in the world to help deal with the coronavirus pandemic. The primary app, an emergency response operations app, was built by Washington State on the ServiceNow platform.

March 17: Okta is offering free single sign-on (SSO) and multi-factor authentication (MFA) for secure remote working. Any organisation that would find value in leveraging the Okta Identity Cloud for remote work during an emergency situation should be able to do so at no cost, the company wrote.

March 17: Dropbox saidit was proud to offer free Dropbox Business and HelloSign Enterprise subscriptions for a three-month period to non-profits and NGOs focused on fighting Covid-19. Eligible organisations are encouraged to apply here.

March 16: Box CEO Aaron Levie said via Twitter that anybody working on Covid-19 research or response efforts could email rapid-response@box.com to set up free secure file sharing and storage.

March 16: Stewart Butterfield, CEO of Slack, said people working on Covid-19 research, response or mitigation were entitled to free upgrades to paid plans, setting up consultation for remote collaboration best practices among others. Users are asked to email covid@slack.com

Interested in hearing industry leaders discuss subjects like this and sharing their experiences and use-cases? Attend the Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London and Amsterdam to learn more.

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