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How to bet on bitcoin, without the crazy volatility? Here’s one idea – MarketWatch

Amid what appears to be widespread fatigue among traditional investors, excitement is booming in the wild, wild west of cybercurrencies right now.

Over on Reddit, one forum dweller said they were ready to drop $20,000 into bitcoin BTCUSD, +0.52% after doing some research and concluding the only way was up for the crypto cash. It beats $20k sitting in a safe-deposit box, the poster said.

Only invest what you are willing to lose, was one response.

For those who are willing, Rupert Hargreaves, blogging for ValueWalk, offers up a less volatile way to bet on cryptocurrencies over just buying bitcoin or ethereum -- though theres still plenty of risk involved. He says theres big money being made on cybercurrencies... and where theres an opportunity, there are hedge funds.

Hargreaves took a deep dive into the Crypto-Currency Fund Index from Eurekahedge. The data firm uses the index to track the performance of five actively managed hedge funds with holdings in bitcoin, ethereum and other digital cash.

His findings? The Eurekahedge index not only beat traditional hedge funds, it even blew bitcoin itself out of the water.

Between June 2013 and April this year, the index shows eye-popping cumulative returns of 2,152.32%, versus 1,408.11% for the Bitcoin Price Index. Looked at annually, thats a return of 125.35%, compared with 102.96%.

It should be noted that while less volatile than a straight play on bitcoin or another cryptocurrency, the level of volatility for the index itself is off the chart, Hargreaves notes in his blog post.

In its report on performance, Eurekahedge said that over a period of 14 months between December 2013 and January 2015, the Eurekahedge Crypto-Currency Fund Index lost almost 73% of its value from its 2013 high. In contrast, the Bitcoin Price Index lost almost 81% of its value, according to Hargreaves.

Whether were on the edge of a South Sea Bubble or greatness for the cybercurrency faithful, bitcoin and its pals have been bringing the drama.

Popular rival ethereum suffered a flash crash Wednesday, plunging from more than $317 to briefly trade as low as 10 cents in a flash cash on the GDAX exchange before rebounding. In a post, GDAX Vice President Adam White said a multimillion-dollar market sell order was placed on GDAXs ETH-USD [ethereum-U.S. dollar] order book, which resulted in orders being filled from $317.81 to $224.48for a slippage of 29.4%. That, in turn, began a cascade of around 800 stop-loss orders and margin-funding liquidations, which sent the price temporarily as low as a dime, he explained.

Just a day in the life of a brave new world.

Check out: How big is bitcoin, really? This chart puts it all in perspective

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How to bet on bitcoin, without the crazy volatility? Here's one idea - MarketWatch

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TenX Figured out How to Make Cryptocurrency Spendable Immediately In Real Life – Inc.com

Entrepreneur's have officially gotten their hands in the cookie jar of the cryptocurrency world. And believe me that's a good thing.

TenX, who is launching their highly anticipated ICO this coming Saturday has figured out how to solve one of the biggest problems for people that are involved in cryptocurrency -- actually spending the currency.

The worlds of entrepreneurship, cryptocurrency and Initial Coin Offerings are officially merged and entrepreneurs are raising 10s of millions of dollars to fund their companies. Bancor, Status and Basic Attention Token were prime examples of tokens/startups who collectively raised millions of dollars through ICOs.

The problem TenX is solving and why their ICO will likely also do very well is that nobody can actually spend cryptocurrencies at 99% of businesses without having to wait days to exchange it through a centralized exchange bankinto Fiat (government issued currency), or jump through other major hoops.

TenX has built an iOS and Android app that serves as both a wallet and a decentralized fee free exchange, then adds a debit/credit card functionality on top of that to let you spend your cyrptocurrency anywhere you could use VISA or Mastercard. (They send you a physical card.) It also converts it to local currency, meaning it pretty much works in any country.

As of right now TenX's platform officially supports Ethereum, Bitcoin, and Dash, amongst others.

Vitalik Buterin the founder of Ethereum is also an official advisor to the company. Historically, any ICO that he has backed has done phenomenally well. Another big factor for ICOs that typically do well is when they already have their tech built. TenX has a fully functioning and tested iOS and Android version and is ready to get it out in the everyones hands.

The ICO is scheduled for June 24, 2017 at 9am New York Time. 1 Ether will be worth 350 PAY tokens. Here is a link to their full whitepaper.

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TenX Figured out How to Make Cryptocurrency Spendable Immediately In Real Life - Inc.com

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Aberdeen Says Cryptocurrency Bubble Will Burst Even If Coins Change Finance – Bloomberg

Peter Denious, head of global venture capital at Aberdeen Asset Management Plc, said were in the midst of a virtual currency bubble, and like all bubbles, it will eventually burst.

That doesnt mean investors should necessarily steer clear. Aberdeens venture capital arm, which has about $1.8 billion entrusted in early stage funds, is considering investing in funds that hold blockchain-based companies and digital coins, Denious said. Still, he said the cryptocurrency boom thats attracting millions into startups and spurring triple-digit gains in their digital tokens isnt sustainable.

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A lot of lessons will be learned and a lot money will be lost, before a lot of money can be made, Denious, who is based in New York, said in an interview. Prices right now arent being driven by network usage, theyre being driven by speculation that tokens are going to appreciate. Its a gold-rush mentality. The winners will be those who are really creating highly disruptive, network-based businesses.

Technology companies have raised $646 million this year in so-called initial coin offerings, more than six times the total raised last year, according to Coinschedule.com. The rapid surge in token prices, doubling on average since they start trading, has convinced investors to hand over millions to early stage developments in fundraising rounds that often close in minutes. The hype has driven coins for ethereum, the network on which many of the projects are built, to surge to about $300 from $8 at the start of the year.

All that hype is making Denious, and many others, a little skeptical. Digital currencies potential to disrupt venture capital is also raising flags.

Read more on how network congestion is hindering trading in digital coins

ICOs are allowing early stage companies to bypass venture capital. Denious said this funding mechanism will persist even after the market cools, but it will co-exist with VCs as token sales only make sense for companies that benefit from a blockchain-based decentralized network. Venture capital firms can also be more helpful in building companies, through expertise and connections.

So whats an institutional investor to do with a world-disrupting asset, thats also over-heated? Denious said hes focused on finding funds with expertise in the field and a good track record. He has talked to four or five funds focusing on blockchain-based companies so far, declining to name them.

Aberdeens interest is a sign that blockchain companies and their digital tokens have the potential to reach a wider investor base in the future. Denious said he doesnt doubt that will be the case.

The ingredients are all there for a new asset class, he said. Were in need of restoring what the internet initially offered, which is the power of decentralization. The power has re-centralized in the hands of a few market participants and this technology can disrupt that. The potential is exciting.

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Aberdeen Says Cryptocurrency Bubble Will Burst Even If Coins Change Finance - Bloomberg

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Shortage of Graphics Cards Intensifies in Russia as Cryptocurrency Mining Becomes More Popular – newsBTC

It is rather interesting to see this trend extend to Russia. The country has always had an uneasy relationship with cryptocurrency.

There is still a large shortage of graphics cards in various parts of the world. Things are getting out of hand in Russia, that much is evident. A new article shows how cryptocurrency mining in the country is picking up. As a result, the shortage of video cards becomes a lot more apparent. It is unclear if this situation will grow worse over time. For the manufacturers, this is good news, though.

About two weeks ago, it became apparent cryptocurrency mining is intensifying all over the world. Given the recent price surges of Bitcoin, Ethereum, and Litecoin, that is to be expected. Not everyone wants to buy specific hard to mine cryptocurrency. Instead, a lot of people are reverting to using graphics cards. This has become somewhat of a problem for the global supply of these products, though. Russia seems to be affected the most by this development right now.

As we have seen over the past few weeks, prices for graphics cards are skyrocketing. That is only normal, as demand is intensifying as well. In Russia, GPUs are up by as much as 80% in price. This affects both retail and second-hand prices. Some people are buying hundreds of graphics cards at once, which puts a lot of strain on the available supply. Manufacturers such as AMD and NVIDIA will not be too bothered about this sudden demand, though.

A lot of media outlets still think people buy graphics cards to mine Bitcoin. That is not the case, as GPUs have been incredibly inefficient for some time now. Instead, users will mine Ethereum, Litecoin, ZCash, or even Monero. All of these currencies can be mined easily with graphics cards. Users will still need a proper motherboard which supports as many graphics cards as possible, though. Setting up a GPU mining farm is not as easy as most people would think.

It is rather interesting to see this trend extend to Russia. The country has always had an uneasy relationship with cryptocurrency. Now that the country is keeping an open mind toward Bitcoin and consorts, mining is growing in popularity. It is good to see graphics cards getting more love, as they were rendered nearly obsolete not too long ago. Thanks to popular alternative currencies, this hardware gets a second lease on life.

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This Ethereum flash crash shows how cryptocurrency markets are super risky – Mashable


Mashable
This Ethereum flash crash shows how cryptocurrency markets are super risky
Mashable
The price of ether, the cryptocurrency of the suddenly hot Ethereum platform, has since rebounded and is trading back at about $318. The crash, however, remains as a big reminder that this is a volatile, new market. Plenty of people have made small ...
Ethereum Plunge Highlights Crypto-Currency Fears - DailyFXDailyFX
Here's How Traders Lost Millions in the First Ethereum Flash CrashMotherboard
Cryptocurrency 'Ethereum' Crash By 99.9% Of Value, Not SurprisingEconoTimes
Proactive Investors UK -CNBC -Futurism -The GDAX Blog
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This Ethereum flash crash shows how cryptocurrency markets are super risky - Mashable

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How this hybrid cloud storage provider landed clients like Disney and Dreamworks – San Francisco Business Times

How this hybrid cloud storage provider landed clients like Disney and Dreamworks
San Francisco Business Times
Swiftstack was formed in the early days of public cloud computing when tech giants like Amazon and Google were getting into the fray. The San Francisco company saw a market opportunity in creating storage products for private companies that were ...

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XnBay Debuts the Intelligent Personal Cloud Storage at … – GlobeNewswire (press release)

June 22, 2017 09:17 ET | Source: Taipei Computer Association

Taipei, Taiwan, June 22, 2017 (GLOBE NEWSWIRE) -- XnBay Technology, a new personal storage brand from Taiwan which aims to break through the limitation of cloud storage services and provides ultimate privacy and security to personal data, debuted its intelligent storage platform XnBay U2 at Taiwan IoT Expo in Computex Taipei 2017.

According to Grand View Research 2016, personal cloud storage market is expected to reach above USD 85 billion by 2022, thanks to the rising demand for storing and sharing personal data and beyond 4K multimedia files. Like the domino effect, more than 7 cloud storage service providers in China discontinued their free services since last year, including the well-known for a time provider which used to provide 36TB free cloud storage. This wave of closedown suggests the need for data storage transfers from public cloud to private storage sector, and people now have the idea to own their private storage for permanent use. Apple recently dropped 50% of its 2TB iCloud storage plan monthly fee, which suggests the cloud storage service becomes more competitive and the idea of paying monthly fees is not appealing. XnBay foresees this trend in advance and provides an equally convenient service like cloud solution with more privacy for consumers who do not want to upload personal files to the cloud and pay monthly charges. Unlike cloud storage services, XnBay U2 positions itself on the need for data privacy and other than that, its local storage concept also echo the rising trend of Edge Computing, which is a method of optimizing cloud computing system by performing data processing at the edge of the network, near the source of the data to process locally for efficiency and better user experience.

XnBay U2s innovative concept lies in incorporating image recognition technology into a user-friendly personal cloud platform. This unique feature helps people organize their photos by different faces, so photos can be categorized automatically and displayed by name tags easily. Visitors from Computex like XnBay due to its mass storage space, XnRAID advanced data mirroring protection, tool-less design, and friendly user interface. It is powerful with H.265/VP9 hardware acceleration engine, but not requires technical knowledge to install and learn to use. XnBay U2 is easy to access by simply log in via browser or App, beyond 16TB storage is at your disposal. All friends files from smart devices can be easily gathered to XnBay personal cloud storage platform by drag-and-drop, which realizes a fantastic solution for convenient and unlimited large file sharing on social media, intelligent file categorization, and 4K video streaming anywhere in the world, with no more limitation on file size, format, and the disturbing monthly fee. Moreover, such idea attracted buyers from China, Japan, Malaysia, Hong Kong, India, UAE and United States to show their interests and inquire about XnBay U2, as well as received numerous inquiries out of 41,300 visitors from 167 countries who visited the Taiwan IoT Expo and Computex Taipei 2017.

About XnBay: XnBay Technology as an innovative startup was invested by USI Inc., is a global ODM/EMS company providing design, miniaturization, material sourcing, manufacturing, logistics, and after services of electronic devices/modules for brand owners. Through the sales service network in North America, Europe, Japan, China, Taiwan, and manufacturing sites in China, Taiwan, Korea and Mexico, USI is capable of serving customers with balanced and diversify product/technology offerings in the sectors of wireless communication, computer and storage, consumer, industrial, and automotive electronics worldwide.

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Amazon adds Hyper-V file support to its storage gateway – The Register

Amazon Web Services dominates the public cloud, but its hybrid cloud story is currently weak.

Microsoft, by contrast, is gaining strength in the cloud by the day and its Azure Stack looks like re-defining hybrid cloud by making the on-premises portion indistinguishable from Azure. Azure Stack's preview releases suggest that administrators will scarcely have to think about extending on-premises storage into Azure. Windows Server 2016 also integrates well with Azure.

Into that competitive brew comes a new offering from AWS: its storage gateway's file gateway services can now run on Microsoft Hyper-V 2008 R2 and 2012. The storage gateway is AWS' tool for making S3 accessible natively from a virtualised environment, so that VMs can read from or write to S3, Glacier and EBS snapshots as if they are just another storage resource. The file gateway does so for files.

The file gateway debuted in late 2016. And as of Thursday, it's enabled for Hyper-V too, across all AWS regions.

Extending file gateway to Hyper-V makes sense because AWS wants as many users as possible to be able to consider its cloud storage services. Releasing it on Microsoft's virtualization platform ahead of Azure Stack's debut also ensures AWS can show Hyper-V users they don't need a rapid jump to any flavour of Azure.

AWS' hybrid story gets a little stronger. Hyper-V users get another option. And everyone waits to see how and if Azure Stack will shake things up.

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Amazon accuses Walmart of bullying in cloud computing clash – BBC News


BBC News
Amazon accuses Walmart of bullying in cloud computing clash
BBC News
Walmart, the US's biggest retail chain, has been accused of trying to coerce its technology suppliers into shunning Amazon's cloud computing service. Amazon has accused its rival of attempting to "bully" the IT companies into picking a rival platform ...
Some things should not go public: The risks of a single-cloud strategyCloud Tech
Wal-Mart Prods Partners, Vendors to Leave AWS for AzureMSPmentor
Wal-Mart to vendors: get off Amazon's cloudFox Business
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all 58 news articles »

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Cisco adapts to the rise of cloud computing – The Economist

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Cisco adapts to the rise of cloud computing - The Economist

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