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Literally just one huge chart showing bitcoin’s incredible rise to $4800 – MarketWatch

Eight days.

Thats how long it took bitcoin BTCUSD, -5.34% back in April 2013, to rise from $100 for a single bitcoin to $200.

Fast forward four years and the cryptocurrency has reached an all-time high of $4,890.40 and has been scaling $100 milestones in a matter of hours on a routine basis. On Tuesday morning, the price of a single bitcoin was around $4,400; by Tuesday afternoon it had shot up to briefly top $4,700 for the first time. Friday, it scaled above $4,800 and has $4,900 in its sights.

While these milestones have become lesser and lesser accomplishments as bitcoin has continued to blaze along its upward path bitcoin would now only need to rise 2.1% to go from $4,800 to $4,900, compared with 100% when it doubled to $200 it is also indicative of just how astonishingly fast the digital currency has been rising this year. So fast we were barely able to fit all the milestones onto this whopper of a chart.

Vote: What will we see first: Dow 30,000 or bitcoin $30,000?

Also read: 22 internet memes that let you relive bitcoins historic rise

If that chart isnt making bitcoins staggering ascent abundantly clear, here are some more stats that should do the job:

One year ago, on Aug. 31, 2016, bitcoin was trading at $576.

Which means bitcoin is up over 740% over the past 12 months.

It closed 2016 trading at about $954.

So, thus far in 2017, it is up over 400%.

Bitcoin started the month of August at $2,738.

And has hit record after record this month, surging 77%.

There have been nine days in 2017, five in August alone, in which bitcoin has scaled past several $100 milestones in a single day.

At current levels, bitcoin has a market cap of $79.38 billion, larger than such companies as Starbucks Corp. SBUX, +0.13% and American Express Co. AXP, +0.05%

(Bitcoin prices according to CoinDesk.)

This is where well remind you that as the elder sibling of the cryptocurrency gang, bitcoins numbers actually pale in comparison to some of its brethren:

Ether has soared more than 4,600% this year. Its total market cap stands at $36.7 billion.

Bitcoin Cash, an offspring created in response to bitcoins transaction-size issue, has a market cap of $10.4 billion. (Though it is down about 26% from an all-time high above $860, hit on Aug. 19.)

Ripple, at about $0.25, is up nearly 3,900% this year. Market cap at latest check: $9.5 billion.

Litecoin, at about $79, is up over 1,800% since the beginning of this year, when it was trading at just over $4. Its market cap now stands at just over $4.1 billion.

Despite the records, cryptocurrency trading has been extremely volatile this year. Bitcoin recently dropped more than 10%, briefly putting it into correction territory before it subsequently rebounded. Still...

The combined market cap of all digital currencies is above $175 billion, according to CoinMarketCap.

And it has grown by more than $20 billion in the past eight days.

At current levels, the crypto market cap amounts to nearly one-tenth the value of the physical stock of official gold.

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Bitcoin’s nearly five-fold climb in 2017 looks very similar to tech … – CNBC

When charted, bitcoin's rapid gains resemble how stocks surged into the tech bubble before collapsing.

David Ader, chief macro strategist at Informa Financial Intelligence, matched a graph of the Nasdaq Telecommunications Index at its peak in 2000 to bitcoin's five-year run to all-time highs.

"This is the price chart for an overly frothy market, in my opinion. I just don't see anything quite as comparable to this in bubblelicious terms," said Ader, a former top-rated bond market strategist.

Bitcoin climbed more than 3.7 percent Thursday to a record of $4,802.74, up nearly five times in price this year and about 67 percent higher for August, according to CoinDesk.

Source: Informa Financial Intelligence

"I think it's going to come to a sorry ending," Ader said. "I don't know anybody who's actually used a bitcoin for any purpose legal or otherwise. This looks like an overly frothy market and frothy markets lose their froth."

Ader said he used the Nasdaq telecom index since many of those stocks led the Nasdaq composite's overall gains during the tech bubble. The Nasdaq telecom index shot up more than 700 percent from 1995 to 2000, before collapsing 90 percent in the next two years. The index remains about 75 percent below its record high.

Bitcoin's meteoric surge this year comes as many on Wall Street are becoming more interested in the digital currency and the blockchain technology behind it. New digital asset investment funds are rolling out and the Chicago Board Options Exchange is planning to launch bitcoin futures.

Many investors also bought bitcoin this month after it survived a relatively uneventful split on Aug. 1 into bitcoin and bitcoin cash, an alternative version supported by only a few developers. Bitcoin cash is up about 180 percent from its Aug. 1 low, to Thursday's price of $588, according to CoinMarketCap.

However, bitcoin could split again this fall because there's another upgrade proposal, and others have warned that the speculative forces behind bitcoin could quickly turn against it.

Here are a few of the alarm bells sounded this summer:

By percent change, analysis from Bespoke Investment Group shows how bitcoin's surge has already well surpassed that of any major stock market bubble.

Source: Bespoke Investment Group

That said, some well-respected names on Wall Street have also issued positive reports on the digital currency.

Lee and Moas both reason that bitcoin can climb to those levels if even a fraction of the trillions of dollars in gold or other traditional investments move into the digital currency.

Bitcoin has a market value of about $78 billion, and digital currencies overall are worth $170 billion, according to CoinMarketCap.

That makes the value of all digital currencies less than 5 percent of the more than $4 trillion inflation-adjusted value of stocks during the tech and telecom boom, said Chris Burniske, author of the upcoming book, "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond."

"If people think this is the 'big bubble,' then they don't have an appreciation for how big the idea of cryptoassets really is," he said.

Many digital currency enthusiasts agree there is speculation in the digital currency. But they note that, just like the dot-com bubble, companies that were able to utilize the underlying technology then became global giants.

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BTC-e’s Big Claim: Bitcoin Withdrawals to Begin Tomorrow – CoinDesk – CoinDesk

BTC-e, the long-running and controversial bitcoin exchange targeted by US authorities last month, hasclaimed that users will be able to withdraw their funds beginning tomorrow.

As previously reported, BTC-e after its original domain had been seized by law enforcement following the arrest of a Russian national and the levying of a $110 million fine for money laundering violations said it had secured "55 [percent] of the funds" originally held by the exchange, with the rest being confiscated.Yesterday, BTC-e renewed access through a new domain, allowing users to check their balances and communicate through the chat box.

In an update,the exchange said that users would be able to withdraw the portion of their funds still available provided that they accept a deal which would see BTC-e issue a debt token aimed at making up for the confiscated funds.

The statement reads:

"Tomorrow, on September 2, 2017, it will be possible to withdraw 55% of the funds from the account...on the condition that our debt obligations are abandoned to the remaining 45% of funds in the form of tokens. More details about the conditions, the principle of calculation and the form of output will be available tomorrow."

Users that elect to keep their funds on the site, the statement goes on to explain, will have their funds transferred to an as-yet-unrevealed domain that will serve as the home for the newly-launched BTC-e.

"On the day the site is launched, the balance will be recalculated at the market rate and will be credited to accounts with a higher ratio than 55/45....Tokens will be credited to your account balance, which you can use for bidding and releasing codes," the exchange said.

Turnstile imagevia Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

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Internet security startup founded by former CIA analyst raises $40 million – San Francisco Business Times


San Francisco Business Times
Internet security startup founded by former CIA analyst raises $40 million
San Francisco Business Times
This former CIA analyst is applying lessons from working in national security to help customers find and plug risks among devices connected to their networks. Subscribe to get the full story. Already a subscriber? Sign in. Subscribe to get the full ...

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CyberRehab’s mission? To clean up the internet, one ASN block at a time – The Register

A new project aims to mitigate cybercrime by making it in the economic and business interests of ISPs and telcos to clean up the internet.

CyberRehab wants to prove that it can establish an IP range that hackers choose to stay away from. If miscreants try to attack, they will lose their infrastructure.

The IP range will be protected by a combination of honeypots, nagging and certification for good ISPs. It will probably include discrimination of non-certified ISPs through peering, tagging of suspected malicious traffic, making the ISPs closest to the hacker in charge of cleaning up, and a global secured segmented corporate-style network as a replacement for Tor and more.

Detection of malware will be based on firewalls, intrusion detection systems and internet provider security on the receivers' end, and therefore will not introduce any packet inspection by ISPs (a class of technology that poses a privacy risk).

It's a lofty aim and some knowledgable security observers are expressing scepticism about its practicality. "Cybercrime can't and never will be eradicated, just like crime can't and never will be eradicated," said Brian Honan, founder and head of Ireland's CSIRT and special advisor on internet security to Europol.

CyberRehab faces a cybercrime ecosystem that includes bulletproof hosting sites run by ISPs that ignore takedown requests.

The immediate focus of the project is Africa rather than eastern Europe, which many experts see as the locus of more malfeasance. "[The] problem in eastern Europe may be bigger, but governments may also be more involved which will make this much more complicated," Oystein Torsas, a spokesman for the project, told El Reg. "The IP range may be established in an African IP range, because there are more available addresses and because African countries need a more aggressive approach to cybercrime than what is normally accepted in Europe."

Countries and ISPs that don't implement sufficient cybersecurity represent a problem not only to themselves but to others as well, backers of the project argue.

"CyberRehab is about making the sender responsible for blocking malicious traffic," Torsas added. "The sender is in much better position to determine what's malicious or not. Even better than to block, is to get rid of infected units, malicious servers and peering contracts with ISPs that are addicted to cybercrime."

Fighting the problem of poor internet hygiene through cooperation and offering incentives to service providers that act as good netizens is preferable to approaches that rely on tougher regulations and new laws, according to CyberRehab.

"Legislations are useless because hackers know how to hide in one jurisdiction and attack in another," Torsas explained. "That changes if we hold the sender responsible. Influencing peering agreements between ISPs is the best way to make the sender responsible for ensuring that criminals end in prison or get rehabilitated."

CyberRehab is preparing an EU research project with some universities, mainly in Spain and the UK. The project is looking to encourage further industry and academic participation.

"It's led by UPC university in Barcelona. Oxford also claims to be very interested along with 20+ other universities," Torsas told El Reg. "When it comes telcos, it's also hard to make things happen, but I've received positive feedback from Telefnica Spain, BT Spain, Euskaltel, Telstra, Telenor, Orange Poland, SwissCom and a few more. I wouldn't call any of them signed up yet, though."

CyberRehab is owned by a Norwegian NGO but will do business with for-profit partners in individual countries."The first countries will hopefully generate proof of concept free of charge while those joining later will pay a much higher price," Torsas explained.

Eventually a "hacker-free" IP address range could be curated and sold by commercial partners all over the world, or so the plan goes.

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Kaspersky Lab launched updated versions of Kaspersky Internet … – Software Testing News

Kaspersky Lab has launched updated versions of Kaspersky Internet Security and Kaspersky Total Security to help people care for their devices as much as they care for their home members.

According to the Russian multinational cyber security and anti-virus provider, there are now more devices than people and pets in every home.

Increased connectivity has raised safety concerns, as according to Kaspersky, 39% of people leave their devices unprotected from cyber threats.

To help people care for their connected devices, the latest versions of Kaspersky Internet Security and Kaspersky Total Security is designed to protect the household.

In its annualresearch,Kaspersky found that 63% of internet users are concerned aboutphishing emails and websites.

To address this concern, Kaspersky Internet Security and Kaspersky Total Security include anti-phishing technology to prevent users from falling victim to vulnerabilities.

Kasperskys research found 60% of people are concerned their children may have uncontrolled access to inappropriate content online and the latest version of Kaspersky Total Security allows parents to specify time limits for specific devices in the household, restrict the applications children can use and prevent access to pages with adult content, obscene language or information about drugs.

Elena Kharchenko, head of consumer product management at Kaspersky Lab, said:Our devices are affecting the way we and our families live our lives. They give us the power to connect, learn, communicate and complete essential transactions wherever we are. They enable our lives, and its therefore no surprise there are more devices than people and pets per home.

But as we know from our research, our constant connectivity brings with it natural concerns for online safety from fears about falling victim to scams, to worries about what our children are seeing online.

Written from press release by Leah Alger

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Cloud-based CAE HPC Partnership Focuses on Speed and Security of Data Transfer – ENGINEERING.com

The collaboration between Rescale and Equinix provides a scalable HPC solution. (Image courtesy of Rescale)

Engineers and managers also are concerned that trade secrets, proprietary designs and other intellectual property (IP) may be exposed to outsiders, particularly when data is communicated over the public Internet. Cloud-based high-performance computing (HPC) solutions often communicate data over the Internet to provide convenient global accessibility, but this communication network can result in undesired exposure of data, private information and competitive information. While high computational capacity is needed, viable computing solutions must provide sufficient security to protect user designs, information and privacy.

The recent alliance between Rescale, an HPC environment simulation and analysis tool suites provider, and Equinix solves the security issues and significantly improves HPC capability. The platforms provided through this collaboration allow users to enhance computational capability without risking IP, privacy and security.

The Equinix platform provides access to multiple cloud computing resources through a common interface (Image courtesy of Equinix.)

This collaboration offers a holistic approach to improving performance for computationally intensive engineering simulation and analysis. Users can integrate their own equipment with the cloud computing resources or draw on them as needed. The net result is a higher performance and cost-efficient HPC solution.

For more information visit the Rescale and Equinix websites.

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China’s cybersecurity law grants government ‘unprecedented’ control over foreign tech – The Register

China's new cybersecurity law will enable its government to discover potential security vulnerabilities of any company doing business in the country, threat intelligence firm Recorded Future warns.

The law grants the China Information Technology Evaluation Center (CNITSEC), an office in the Ministry of State Security (MSS), the power to request source code and other intellectual property of tech suppliers operating in the country. Information gleaned might easily be exploited by CNITSEC in furtherance of its intelligence operations, Recorded Future claims.

Priscilla Moriuchi, director of strategic threat development at the firm, reckons the measures place companies between a rock and a hard place. Vendors either have to give up their proprietary technology and IP, or lose out on one of the world's biggest and most important markets.

A white paper by Recorded Future, published Thursday, looks at the law's impact as well as offering practical advice on how firms might navigate the rules while trading in China. Recorded Future's cautionary take follows previous criticism that the law posed compliance difficulties to foreign companies because it imposed what's been described as onerous, vague, and broad new legal requirements.

Bill Hagestad, a former US Marine Corps lieutenant colonel turned cyber conflict author and researcher, told El Reg that China's tough new regulations come from a mindset moulded by "haunting memories" of when the Eight-Nation Alliance invaded and attempted to colonise China in the early 1900s.

"As a result of this foreign effrontery, China lives daily with the shame of having almost been ruled by foreign devils," Hagestad explained. "This historical basis is the foundation for the People's Republic of China's New Internet Security Law.

"The digital geography of the Middle Kingdom is now sacrosanct and will not be violated as was China's geography physically during the beginning of the 19th century."

The impact on foreign businesses has been severalfold, according to Hagestad.

"IBM has acquiesced building servers for Larkspur to serve (no pun intended) the Chinese banking industry; Apple has removed nefarious VPN applications from its app store to appease the Communist boys and girls in Beijing... ALL foreign companies must submit to data inspections, and most importantly, if there is Chinese data it can never leave the Middle Kingdom."

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Which Altcoins to Buy This Week? (31st of August, 2017) – Live Bitcoin News

A bullish wave was evident across multiple altcoin markets last week, boosting the price of several coins by more than 20%. The price of Ethereum ETH rose by more than 20%, as it surged from around $322 to $387 at the time of writing of this update. Monero XMR price almost doubled as it rose from around 0.19 BTC to record a week high of 0.38 BTC last Monday, before dropping down to 0.03 earlier today. Lisk LSK was one of the biggest gainers during last weeks trading sessions, as it rose from 77,000 satoshis to 145,000 satoshis, scoring more than 88% increase in market capital within less than a week.

So, what are the best coins to buy for profit this week?

Litecoin continues to rise. Lets keep on the Fib retracement we plotted during last weeks update and look onto the 4 hour LTCBTC chart from Poloniex (look at the below chart). As we can note on the chart, Litecoin price has just broke through the resistance at 0.01482468 BTC, which corresponds to the 38.2% Fib retracement, so it will most probably continue rising as the next significant resistance lies around 0.01766110 BTC (23.6% Fib retracement). Continuation of the bullish wave can be confirmed by the bullish signal shown via the SMAs of the Williams Alligator. The MACD indicator is also bullish as it lies in the positive territory and the blue positive trend line is above the red negative trend line.

I recommend buying LTC now namely below 0.016 BTC and setting a sell order for the bought coins at 0.0176 BTC.

NEM price rose from around 6,000 satoshis up to 7,100 satoshis earlier today. To set up key resistance and support points, we will plot a Fib retracement between the low recorded on July 10, 2017 (4,752 satoshis) and the high recorded on August 3, 2017 (9,007 satoshis) (look at the below chart). Note that NEM price is currently testing the resistance around 7,382 satoshis (38.2% Fib retracement). If this resistance level is broken, we can see NEM rise towards the next resistance level around 8,003 satoshis. The bullish signals shown by both the Williams Alligator and MACD indicators, indicate that NEM price will likely breach this key resistance level.

I recommend buying NEM between 7,200 and 7,400 satoshis and setting a sell order for the bought coins at 8,000 or even 9,000 satoshis.

A bullish wave has been driving Lisks market during the past couple of weeks. As shown on the below 4 hour LSKBTC chart from Poloniex, we can plot a Fib retracement between the low recorded on August 17, 2017 (42,766 satoshis) and the high recorded on August 27, 2017 (182,426 satoshis). LSK is currently testing the resistance around 149,466 satoshis (23.6% Fib retracement) and it will likely break through it, especially that the MACD and Williams Alligator are bullish.

I recommend buying Lisk between 145,000 and 146,000 satoshis and setting a sell order for the bought coins at 165,000 satoshis or even 182,000 satoshis.

Charts from Poloniex, hosted on Tradingview.com

About Dr Tamer Sameeh

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USRA Upgrades D-Wave Quantum Computer to 2000 Qubits – insideHPC

Today the Universities Space Research Association (USRA) announced it has upgraded its current quantum annealing computer to a D-Wave 2000Q system. The computer offers the promise for solving challenging problems in a variety of applications including machine learning, scheduling, diagnostics, medicine and biology among others.

The newly upgraded system, which resides at the NASA Advanced Supercomputing Facility at NASAs Ames Research Center, has 2031 quantum bits (qubits) in its working graphnearly double the number of qubits compared to the previous processor. It has several system enhancements that enable more control over the adiabatic quantum computing process allowing it to solve larger and more complex optimization problems than were previously possible.

The Quantum AI Lab, in its first four years of operation, has supported diverse research by industry, academia and government research organizations, said Dr. David Bell, Director of the USRA Research Institute for Advanced Computer Science. This has included research on the use of quantum computing for a range of applications including machine learning, planning and scheduling, diagnostics, medicine, biology, and finance.

Scientists in the Quantum AI Lab have directly collaborated with researchers from academia and industry, and through NASA, the Quantum AI Lab serves as a resource for multiple government research organizations to test and evaluate quantum computing approaches and applications using state-of-the-art quantum computers.

Dr. Eugene Tu, Center Director at NASAs Ames Research Center stated that Scientists at NASA Ames continue to explore the potential of quantum computingand quantum annealing algorithms in particularto aid in the many challenging computational problems involved in NASA missions. He further affirmed that NASA looks forward to advancements in this technology to achieve these goals.

The D-Wave 2000Q system is the first installation in the United States. With this third generation processor up and running in the lab, USRA has also released a new Request for Proposals (RFP) to use the computer. As part of USRAs management of the science operations for the Quantum AI Lab, USRA is able to allocate 20% of the computing time free of cost to university and industrial research organizations. Details of this research opportunity are available online.

Google has a team of experimentalists and theorists focused on making practical quantum computing a reality, said Sergio Boixo, Tech Lead of the Quantum AI Theory Group at Google. Quantum annealers are one of the platforms that we are investigating, and we are cautiously optimistic that phenomena in quantum physics, such as many-body delocalization, will unlock the potential of quantum enhanced optimization.

Through these collaborative efforts, the Quantum AI Lab team is continuing to explore ways that quantum annealing computers might significantly improve the capability for organizations to find high quality solutions for a range of complex optimization problems, and to enhance the performance of machine learning systems. The objective is to identify the best approaches for achieving significant speed up as compared to the capabilities of the best known algorithms that run on classical computers.

The collaboration between NASA and USRA builds on a thirty-year history of collaboration between the USRA Research Institute for Advanced Computer Science (RIACS) and the NASA Ames Research Center, which started with a focus on supercomputing and artificial intelligence, and has extended that focus to include the intersection of quantum computing and artificial intelligence.

Founded in 1969, under the auspices of the National Academy of Sciences at the request of the U.S. Government, the Universities Space Research Association (USRA) is a nonprofit corporation chartered to advance space-related science, technology and engineering.

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