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Druva Announces Record Growth in Cloud Server Data Protection – Marketwired (press release)

Druva Affirms Leadership in Cloud Server Data Protection Market with Phoenix Revenue Growth of over 300%

SUNNYVALE, CA--(Marketwired - May 9, 2017) - Druva, the leader in cloud data protection and information management, today announced record growth across its server data protection business. With over 300 percent year-over-year revenue growth across this line of business, the company announced it has added more than 150 marquee brands to the Druva Phoenix customer list.With cloud data protection and management becoming an IT imperative, total Druva Cloud deployments now expand to over 4000 enterprise customers, including 10 percent of the world's Fortune 500 companies such as Continental, Emerson, Flex, Fujitsu and Lockheed Martin.

"Enterprises are realizing the power, simplicity and evident value of the cloud. The rapid expansion of Druva's customer base and continued revenue growth is reflective of this shift taking place across the industry," said Jaspreet Singh, CEO of Druva. "Replacing legacy point backup solutions with modern data protection platforms is a strategic requirement for organizations to keep pace with accelerating recovery and protection needs. Druva is leading the way in this shift by delivering a cloud-first approach that simplifies business data protection."

Accelerating Demand for Modern Data Protection

Data growth is surging, and modernizing the protection capabilities of sensitive business information has become a strategic IT initiative. Enterprises in today's increasingly complex hybrid environment are looking to modern, cloud-based solutions to reduce the risk, cost and effort of managing data. According to Allied Market Research, data protection is expected to grow to $28B in 2022 for both cloud-based and on-premises servers.1

According to leading industry analyst firm Gartner, storage managers find backup delivered as a service is becoming attractive for a portion of their organization's data. Organizations are actively considering SaaS and cloud-delivered solutions to protect data in remote office/branch office (ROBO) environments, as well as test-and-development data and endpoints, including desktop, laptop and tablets. Some companies are evaluating these delivery models for regional areas and at least a subset of their primary data centers.2

Businesses are under growing external threats to data such as advanced ransomware as well as changing data regulations. At the same time, data is increasingly being stored and managed outside of the core data center bypassing legacy controls. By 2020, independent analyst firms have projected that over 50 percent of all corporate data will reside outside of the corporate data center.

"After exploring the market options, we selected Druva for our cloud server protection needs due to the unique capabilities of delivering a true SaaS solution for server data protection," said JP Saini, Chief Information Officer at TRC Companies, Inc. "Druva provides seamless access to protected information and delivers against our complex and distributed protection requirements."

Druva Cloud Meets Today's Data Protection Challenges

Druva delivers a SaaS solution that brings together backup, archival and disaster recovery to harness the ease of use and scalability of the public cloud. Druva Phoenix delivers modern data protection and management by centralizing and streamlining the processes of backing up, and making immediately available, data from physical and virtual servers across an organization's distributed infrastructure.

"Carahsoft is helping federal organizations modernize their datacenters with a comprehensive hybrid cloud architecture, and Druva is a critical solution partner in this stack," said Alex Whitworth, Director of Druva Solutions at Carahsoft. "With Druva Phoenix, we can empower our reseller partners and public sector customers to deliver strategic value while reducing risk, complexity and cost."

With Druva Phoenix, data can be cached locally for fast backup and recovery when required, helping companies meet their recovery time and recovery point objectives. Additionally, data can automatically be moved to cold storage after a specified period of time for increased cost savings.

To learn more about how Druva Phoenix can improve your business, visit https://www.druva.com/products/phoenix/.

1 Allied Market Research, "Data Protection as a Service (DPaaS) Market," January 2017 2 Gartner, "Modify Your Backup/Recovery Plan to Improve Data Management and Reduce Costs," Dave Russell, February 14 2017)

About Druva

Druva is the leader in cloud data protection and information management, leveraging the public cloud to offer a single pane of glass to protect, preserve and discover information -- dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it.

Druva's award-winning solutions intelligently collect data, and unify backup, disaster recovery, archival and governance capabilities onto a single, optimized data set. As the industry's fastest growing data protection provider, Druva is trusted by over 4,000 global organizations and protects over 25 PB of data. Learn more at http://www.druva.com and join the conversation at http://www.twitter.com/druvainc.

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Druva Announces Record Growth in Cloud Server Data Protection - Marketwired (press release)

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IBM to Provide Enterprises with Precise Placement Control of their Cloud Workloads – PR Newswire (press release)

ARMONK, N.Y., May 9, 2017 /PRNewswire/ -- IBM (NYSE: IBM) today announced plans to release a new virtual server offering, called Dedicated Hosts, that provides enterprises with more precise placement control over their cloud workloads. A Dedicated Host is a physical server with workload capacity entirely dedicated to a single client's use. The introduction of this offering will enhance IBM's existing suite of virtual server offerings and is ideal for enterprises transitioning to a public cloud environment who require exact control and visibility into where their data and workloads reside to meet compliance or security needs.

Enterprises largely want to be able to access the cost savings and speed benefits of the cloud, but 53 percent of organizations surveyed by IDG Enterprise cite concerns over where data is stored as a key challenge to implementing a cloud computing strategy[1]. Single tenant cloud offerings such as Dedicated Hosts are designed to enable enterprises in highly regulated industries to capture the benefits of the public cloud while helping to meet complex challenges.

The introduction of Dedicated Hosts will take IBM's current single-tenant virtual server offerings a step further by providing clients with complete control over how each of their virtual servers are provisioned on a Dedicated Host. Additionally, clients will be able to select where their Dedicated Host is located within an IBM Cloud data center. This level of control can help clients in heavily regulated industries overcome barriers to cloud adoption. For example, clients in the health care industry may require precise information on where data is stored so that they can meet their compliance standards. With Dedicated Hosts, clients will be able to provide auditors with more precise information on how and where their workloads are running.

With Dedicated Hosts, clients will benefit from three distinct features:

"Enterprises turn to IBM because they want cloud infrastructure that is flexible and easy to scale, while providing higher levels of control and visibility to help as they meet their regulatory and compliance requirements," said John Considine, general manager, cloud infrastructure services, IBM. "Dedicated Hosts are another example of IBM's commitment to providing enterprise-strength capabilities on our cloud platform so that clients can do more with their data."

IBM plans to make Dedicated Hosts available in June 2017. Dedicated Hosts will be available to order monthly or hourly in IBM Bluemix. The initial offering will be available in the following configuration:

Dedicated Host Configuration

Core (vCPU)

RAM (GB)

Local Storage (TB SSD)

56 x 242 x 1.4

56

242

1.4

About IBM Cloud:For more information, visit: https://www.ibm.com/cloud-computing/.

[1] IDG Enterprise: 2016 IDG Enterprise Cloud Computing Survey, November 2016

Media Contact:Sarah Murphy IBM Media Relations srmurphy@us.ibm.com 336-337-7584

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-to-provide-enterprises-with-precise-placement-control-of-their-cloud-workloads-300454089.html

SOURCE IBM

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Better Buy: Twilio Inc vs. Nutanix Inc. – Motley Fool

Cloud computing stocks can be great growth plays, but they can also quickly collapse on concerns about slowing sales growth, widening losses, and lofty valuations. That's exactly what happened to two recent cloud IPOs -- Twilio (NYSE:TWLO) and Nutanix (NASDAQ:NTNX).

Twilio went public at $15 per share last June, soared to nearly $70 three months later, then fell back to the mid-$20s. Nutanix went public at $16 per share last September, peaked in the mid-$40s in early October, then stumbled back to the mid-teens.

Image source: Getty Images.

Let's discuss what happened to these two recent IPOs, and whether or not investors should consider them potential turnaround plays at current prices.

Twilio's cloud service delivers voice calls, SMS messages, videos, and other content for mobile apps. If developers want users to call or text each other from within their apps, they subscribe to Twilio's service and integrate its API into their apps. This is generally cheaper and more scalable than creating comparable features from scratch.

Facebook (NASDAQ:FB), for example, uses Twilio's API to enable WhatsApp and Messenger users to add other users via phone numbers. Twilio has also been gradually adding additional video, security, and enterprise administration features to this platform to boost its revenues per user.

Nutanix is the market leader in hyper-converged infrastructure (HCI) appliances and software-defined storage solutions. These products bundle traditional silos of server, storage, networking, virtualization, and data center management into a single turnkey solution.

Nutanix claims that collapsing all those product categories into a single "converged" enterprise cloud platform will gradually make data center infrastructure "invisible." This can be a cost-effective solution for younger companies which haven't installed on-site infrastructure yet, and it can help older companies pivot away from on-site private cloud models toward more flexible "hybrid" cloud models that straddle both the private and public clouds.

Twilio's sales surged 66% to$277.3 million in fiscal 2016. Its "base" revenue -- which excludes revenue from "Variable Customer Accounts" (large customers which haven't signed 12-month minimum revenue commitment contracts) jumped 79% to $245.5 million.

Image source: Uber.

However, Twilio expects just 28%-31% sales growth this year, partly due to waning business from itstop customer, Uber. During its first quarter earnings report, Twilio disclosed that Uber -- which contributed 12% of Twilio's sales during the period -- plans to use other internal or third-party platforms for its calls and texts in the future.

That bombshell caused Twilio shares toplummet 26% on May 3. That development was also troubling because another Twilio customer, Lyft, recently announced that it would start testing Vonage's (NYSE:VG) Nexmo platform as an alternative to Twilio's service.

Nutanix's sales soared 85% to $444.9 million in fiscal 2016 on growing demand for HCI solutions. Wall Street expects salesto rise another 66% this year. Those numbers look solid, but a slowdown in sequential growth last quarter indicates that sales could peak this year. Moreover, Nutanix faces tough questions regarding Hewlett-Packard Enterprise's (NYSE:HPE) recent acquisition of itsrival SimpliVity.

That $650 million buyout is troubling because it makes HPE -- which already has a massive presence in enterprise hardware, software, and services -- the second largest player in the HCI market after Nutanix. HPE will inevitably bundle SimpliVity's services with its other enterprise products -- which could render Nutanix obsolete.

The short of it is that both businesses could lose customers in the near future.

Twilio and Nutanix are both unprofitable, and analysts don't see them achieving either non-GAAP or GAAP profitability anytime soon. That's because the cost of running cloud servers, securing new customers, and offering competitive prices doesn't leave much room for profits -- unless the companies scale up dramatically.

Twilio posted a non-GAAP net loss of $0.16 per share in 2016. Due to the gradual loss of Uber, the company expects that loss to widen to $0.27-$0.30 per share this year. That bottom line decline won't be good for its cash flow -- the company's cash and equivalents already dropped 61% sequentially to just $118.4 million last quarter. This raises the troubling possibility of another secondary offering in the near future.

Nutanix's net loss in fiscal 2016 is unknown. But the company's quarterly net loss nearly tripled last quarter, and it's expected to post a non-GAAP net loss of $1.49 per share this year. On the bright side, Nutanix's cash cushion remains strong, with its cash and equivalents staying nearly flat sequentially at $226 million last quarter.

Twilio trades at 4.8 times sales, which is slightly lower than its industry average of 5.6. Nutanix's P/S ratio of 3.6 is also lower than the industry average of 5.5. Nonetheless, investors probably shouldn't consider either stock "cheap" due to their top line challenges and lack of profitability.

Both stocks remain highly speculative plays, but I'd still pick Twilio over Nutanix because it dominates a valuable niche service and faces less direct competition. Nutanix is well-poised to profit from growing demand for HCI solutions, but I have doubts that it can survive competition from HPEand other tech giants which are all aggressively expanding into the same market.

Leo Sun owns shares of Twilio. The Motley Fool owns shares of and recommends Facebook. The Motley Fool recommends Twilio. The Motley Fool has a disclosure policy.

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You may now kiss the server-side: Dell EMC marries storage software to PowerEdge 14Gs – The Register

Dell EMC World Dell EMC is updating three storage software products, previewing a fourth, and refreshing its Ready Nodes storage software and server bundles.

And we're told the Dell PowerEdge servers to run this software are getting updated over the next few months to the 14G generation, with NVMe flash and NVDIMM options, and can be expected to provide more flash-enhanced performance than the current 13G models.

ScaleIO.Next gets inline compression, enhanced snapshot capabilities, granular thin provisioning and seamless volume migration. It also gets to support VMware virtual volumes.

Elastic Cloud Storage ECS.Next cloud-scale software gets enterprise-class data protection and management capabilities, and advanced analytics support.

An ECS Dedicated Cloud Service is hosted in Virtustream data centers. It's a dedicated, single tenant offering with, Dell EMC says, "private cloud control with the hands-off operations and agility of the public cloud." It's said to enable customers to use ECS through a hybrid cloud model.

Project Nautilus is software for storing and analyzing high volumes of streaming IoT data. This data is stored in Isilon systems or on ECS ones, and the software is intended to bring real-time data processing capabilities (analytics) to Dell EMC's unstructured storage platforms.

IsilonSD Edge, Isilon software for remote offices, gets deployable on PowerEdge 14G servers. This software also gets support for vSphere v6.5, and deployment using virtual storage platforms like ScaleIO and VMware vSAN.

There three new Ready Nodes:

ECS.Next and ScaleIO.Next have planned global availability in the second half of 2017. ECS Dedicated Cloud Service and IsilonSD Edge have planned global availabilities in the second quarter of 2017.

ScaleIO Ready Nodes and VMware vSAN Ready Nodes are available globally today and have planned availability on new PowerEdge 14G servers in mid-2017.

Microsoft Storage Spaces Direct Ready Nodes have planned global availability in June 2017 and planned global availability on new PowerEdge 14G servers in mid-2017.

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NVIDIA’s Tesla GPUs Power Major Cloud Companies’ AI Efforts – Market Realist

What Makes NVIDIA the Semiconductor Company of the Future? PART 8 OF 16

NVIDIA (NVDA) has continued to witness strong growth in the gaming sector as eSports, virtual reality, and its Pascal-based GPUs (graphics processing unit) have driven demand.

However, the key highlight of its fiscal 2017 was its Data Center segment, which grew more than threefold from just $97 million in fiscal 4Q16 to $296 million in fiscal 4Q17, making it the second-largest business segment after Gaming.

The growth was driven by the increasing adoption of NVIDIAs Tesla P100 GPUs and the DGX-1 supercomputer by CSPs (cloud service provider) and other high-performance computing providers. NVIDIAs Tesla GPUs enable CSPs to boost processing power by fivefold and reduce costs 60%.

AI (artificial intelligence) was first adopted by hyperscale data centers such as Microsoft (MSFT), Facebook (FB), and Google (GOOG), which used AI for image recognition and voice processing. AI is now moving to the enterprise space as companies in healthcare, retail, and finance begin to use deep learning to solve problems and automate processes.

The increasing adoption of AI has encouraged several CSPs to offer AI-as-a-service.

Google is offering deep-learning capabilities on the Google Cloud Platform using NVIDIAs Tesla K80 GPUs. Users can use up to eight GPUs for their deep-learning operations for an hourly charge of $0.70 for each GPU in the United States and $0.77 for each GPU in Asia and Europe.

Even Amazon (AMZN) Web Services offers deep-learning capabilities, allowing users to use up to 16 of NVIDIAs Tesla K80 GPUs. Microsofts Azure offers similar support for up to four of NVIDIAs slightly older GPUs.

Chinas web search engine Baidu (BIDU) is also offering deep-learning capabilities on the Baidu Cloud using NVIDIAs Tesla P40 GPUs and deep learning software.

Users use this service for both training and inference acceleration for open-source deep learning frameworks such as TensorFlow and PaddlePaddle.

Chinas Tencent Cloud will soon offer deep learning capabilities on its public cloud platform using NVIDIAs Tesla P100, P40, and M40 GPU accelerators and deep learning software.The chip supplier stated that the cloud servers would integrate up to eight GPU accelerators in 1H17.

NVIDIA and Microsoft have developed thehyperscale GPU accelerator framework HGX-1, which will feature eight Tesla GPUs and will be able to connect to the CPU (central processing unit) depending on the workload. The companies plan to make the open-source, scalable HGX-1 design the standard architecture for AI cloud computing.

IBM (IBM) will soon offer GPU support on its Bluemix cloud, allowing its users to add two NVIDIA Tesla P100 GPUs. This will provide up to 4.7 teraflops of double-precision performance and 16 gigabytes of memory. IBM is also working with NVIDIA in the supercomputer space. IBMs Power8 CPUs and NVIDIAs Tesla P100 GPUs will be used in two new supercomputers for the U.S. Department of Energy.

Next, well see how NVIDIA is supporting the adoption of AI by enterprises and supercomputers.

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Panda Free Antivirus – TechRadar

Free security software Panda Free Antivirus uses cloud processing to protect your PC, eliminating the need for hefty software updates and demanding scans. This collective intelligence should lead to more harmful programs being detected while using a fraction of the system resources.

According to the antivirus testers at AV-Test, Panda Free Antivirus right on the industry average in terms of virus detection, sitting at around the 98% mark for zero-day attacks and a hair under 100% for established threats.

Those are good numbers, and Panda is good software providing you remember to deny it permission to take over your browsers home page and search facility upon installing. Its process monitor is very useful, it scans quite quickly, and its simple enough in its presentation for even the most technophobic user to find their way around.

You might not realise at first, but Panda Free Antivirus begins scanning as soon as it's installed to ensure your PC is protected immediately. You can also perform three types of manual scan: full, critical areas, and custom.

The suite's other tools include a process monitor, which lets you see active processes and whether they are using a secure connection. Processes that don't are blocked, but you can undo this manually if you're confident it's safe.

There's also a handy vaccination tool that checks attached USB drives for malicious software. We recommend changing the settings so it runs automatically to pick up any threats as soon as possible.

If one of your PCs has been locked by a malicious program, Panda Free Antivirus can create an emergency rescue USB drive that you can use to scan the affected machine. This feature uses Panda Cloud Cleaner a specialist scanner that detects viruses and malware other scanners might miss.

All of of these options are presented in a clear dashboard, with moveable tiles that you can customize to suit your preferences or remove if you never use a particular feature.

Unfortunately, in our tests, Panda Free Antivirus still had a significant impact on system performance, despite its cloud-based approach. Its emergency cleaner and USB vaccination tools are well worth investigating, but if you're looking for a free antivirus tool that will have a minimum impact on other system processes, you might want to look elsewhere.

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Dell and Rackspace team up to sell private cloud – San Antonio Business Journal

Dell and Rackspace team up to sell private cloud
San Antonio Business Journal
Local cloud hosting company Rackspace Hosting Inc. is joining Round Rock-based Dell Technologies Inc. to make private cloud cheaper for businesses to adopt, according to an announcement. The Texas tech companies are expanding their existing ...

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Altcoin Market Takes A Hit and Bounces Back Amid US$3bn Trading Spree – Live Bitcoin News

It looks like some interesting things have been happening in the altcoin sector overnight. Virtually all major altcoins saw their value decrease by a spectacular margin. Bitcoin, on the other hand, is surging back to the US$1,600 mark as we speak. It appears the Poloniex exchange suffered from some brief outages again last night, which doesnt help matters much.

Looking at the Coinmarketcap website, it is not hard to see how things have gone utterly wrong for a lot of alternative currencies. Virtually every coin has taken some hits overnight, although things are trying to stabilize as we speak. Ether lost a fair bit of value but seems to be recovering slowly. Litecoin took a near 15% drop but is starting to bounce back as well.

Then again, some people will argue a retrace was to be expected. A lot of money has poured into altcoins these past few weeks, and that bullish momentum had to relent at some point. With the Bitcoin value going up once again, it does not appear there is a shortage of money coming in to cryptocurrency right now. In fact, the overall market cap surpassed the US$50bn mark for the first time, and it looks like things will not slow down anytime soon.

In terms of 24-hour trading volume, there are no complaints whatsoever. The past 24 hours resulted in nearly US$3bn worth of cryptocurrency changing hands across all markets combined. Nearly half of that volume belongs to Bitcoin, as was to be expected. However, both Stellar Lumens and XRP have seen their fair share of volume as well, with US$360m and US$361m respectively.

Ethereum is slowly losing some trading volume, although US$243m in a 24-hour period is not bad by any means. Litecoin is in the top five as well, with over US$167m in volume. It is evident Bitcoin and the top altcoins are placed on a different level compared to most other cryptocurrencies right now. Do not overlook Monero either, though, as the anonymity-oriented currency has surpassed the US$29 mark. These are still incredibly bullish times for Bitcoin and altcoins, and trading based on emotions should be avoided at all costs.

Header image courtesy of Shutterstock

About JP Buntinx

JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

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Which Altcoins to Buy This Week? (May 8th, 2016) – Live Bitcoin News

Last week, many altcoins continued skyrocketing to record their all time highs. This rise in the price of many altcoins accompanied bitcoins bullish rally, as its price approached the $1700 mark last week on Poloniex. Ethereum gained around 25% during last weeks trading sessions. Moneros price rose from around 0.016 BTC to more than 0.02 BTC on Poloniex, before dropping down to 0.0188 BTC at the time of writing of this article. MaidSafeCoin also rose to score its all time high last week recording 0.00024200 BTC. By far, Ripple was amongst the biggest gainers last week, as it recorded more than 100% gains rising from around 3800 satoshis to more than 8700 satoshis at the time of writing of this article.

Now, lets see which coins can represent attractive options to buy for profit this week.

Last week, NEMs price rose from around 3700 satoshis to around 7400 satoshis recording around 100% gains. NEM is expected to rise even more to around 10,000 satoshis during the upcoming week, so it represents a promising coin to buy this week, especially that the 1 day XEMBTC chart is exhibiting an almost logarithmic rate of rise now and the Williams Alligator indicator is showing a bullish signal (look at the below chart).

I recommend buying XEM between 7000 and 7500 satoshis and then putting the bought coins in a sell order at 9000-10,000 satoshis.

Stellars value rose by more than 2000% during last weeks trading sessions on Poloniex. However, after rising to around 5000 satoshis, Stellars price started dropping to around 2500 satoshis at the time of writing of this article. It seems that price correction is taking price downwards, before the markets bulls will take the upper hand again pushing price upwards again. I recommend buying Stellar at a price between 2000 and 2500 satoshis and then setting a sell order for the bought coins between 4500 and 5000 satoshis.

As shown on the STRBTC chart from Poloniex (look at the below chart), the Williams Alligator indicators bullish signal is still obvious, so further price gains are still expected.

The price of Bitshares (BTS) rose by more than 150% from around 1000 satoshis to 2700 satoshis during last weeks trading sessions. In my opinion, Bitshares have the potential to rise to 3500 satoshis during the upcoming week. I recommend buying Bitshares at a price between 2000 and 2200 satoshis and then putting the bought coins in a sell order at 3500 satoshis.

These were our altcoin picks for this week. Note that cryptocurrency trading is extremely risky, so trade with caution and only with the amount you can afford to lose.

Charts from Poloniex, hosted on Tradingview.com

About Dr Tamer Sameeh

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Bitcoin hits $1600 for the first time and one investor says it could rally to $4000 in a few months – CNBC

Bitcoin is "fully valued" and could see a pullback in the short term after hitting $1,600 for the first time on Monday, according to one investor, but the price could go as high as $4,000 over the next 14 months.

The cryptocurrency has been on an upward move since April and was trading around $1,575.52 by early afternoon trading in London after hitting an all-time high $1,601.05 during morning trade, according to the Coindesk bitcoin price index.

In the last 30 days, bitcoin has risen over 33 percent.

Negative bitcoin news

The rally may seem perplexing given that there have been a number of setbacks for the cryptocurrency.

These include:

So why the rally?

At the same time, there have been some positive developments.

Firstly, Japan legalized the cryptocurrency as a payment method recently and this has led to a greater amount of bitcoin being bought with yen, according to Aurelien Menant, founder and CEO of Gatecoin, a regulated blockchain assets exchange based in Hong Kong.

The second reason could be to do with a change in the code of another cryptocurrency called litecoin.

What happened with litecoin and why does it matter to bitcoin?

Last month, there was a change in the code behind the technology that underpins litecoin. It is known as Segregated Witness (SegWit) and it allows the speed of transactions using the cryptocurrency to increase.

This has given hope that bitcoin could see a similar thing.

Fork debate recap

To understand the issue, it's key to look at how bitcoin transactions are processed. Transactions by users are gathered into "blocks" which is turned into a complex math solution. So-called miners, using high-powered computers work these solutions out to determine if the transaction is possible. Once other miners also check the puzzle is correct, the transactions are approved and the miners are rewarded in bitcoin.

But there is a big backlog in transactions and the speed at which these are processed is slowing. That's because the rules of bitcoin only allow a certain amount of transactions through in one block.

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Bitcoin hits $1600 for the first time and one investor says it could rally to $4000 in a few months - CNBC

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