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Bahrain migrates 10 govt websites to cloud – Trade Arabia

April 27, 2017 | Author: admin

Bahrains Information & eGovernment Authority (iGA) will begin the migration of 10 government websites as a trial of Cloud Computing - developed by Amazon Web Services (AWS).

The trial phase is intended to complete the process of full migration during one year. This came about following the signing agreement with the technology investment firm C5 Capital.

The websites comprise the Ministry of Justice & Islamic Affairs; Ministry of Health; Central Bank of Bahrain; National Oil & Gas Authority; Survey & Land Registration Bureau; Ministry of Works, Municipalities Affairs and Urban Planning; Ministry of Transportations & Telecommunication; Public Prosecution; Capital Governorate and the Northern Area Municipality.

iGA chief executive Mohamed Ali AlQaed said that implementing this project comes to enhance authority efforts of keeping pace with the latest international advancements in the IT sector and provide it to government institutions by offering solutions and alternatives for a unified archiving of big data as well as hosting the government websites via AWS cloud computing platform.

He also indicated that such initiative will contribute in employing government direction to save costs and operation flexibility in public entities by specifying a single cloud computing that gathers websites of every entity and ministry in the country at the same time enabling the public entities to benefit from the single cloud with higher speed, less time, minimal costs and maximum protection.

AlQaed also stressed that such migration will open wide doors for Bahrains entities and ministries to enhance and increase its production on the short and long runs. The migration process will redirect the exerted efforts, by entities, to strategic projects and plans as it will save time and efforts. Entities and ministries will focus on designing their work by simplifying efforts of ensuring security and maintenance of their websites which requires logistic services round-the-clock. Migration will assist its work performance and the delivery of high-quality services by relying on the available national competences.

The Information & eGovernment Authority, in collaboration with C5 Capital, will work on starting the migration process of the 10 websites to the cloud platform as a pilot stage by assigning a working team to carry-out such task under the direct supervision of the authority.

Furthermore, completing all the preparations in the first phase while ensuring the maintenance of all data and information during the transporting process.

C5 Capital is a technology investment firm that supports innovation and is a specialist in cyber security, data analytics and cloud computing. During last year, the company announced the launch of the technology programme Cloud 10 that is developed to speed technology businesses; operating with AWS services. TradeArabia News Service

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Bitcoin Price is Once Again Above Gold Despite ‘Altcoin Bubble … – Inside Bitcoins

April 26, 2017 | Author: admin

This story was shared from this site

Bitcoin price is back in all-time high territory as it just surpassed $1,275 amid a steady uptrend in recent weeks.

Bitcoin Price Hits NewHighs, Back Above Gold

The price of one bitcoin now sits at $1,283 USD at the time of writing, according to Bitcointicker.co.

The last time BTC was breaking its all-time high was in early March amid the COIN ETF euphoria. At the time, the price spiked to as high as $1,350 on some exchanges.

Worth mentioning is the glaringprice difference among various exchanges, particularly Bitfinex, where one BTC sells for $1,377. You can read more about why this is happening here.

The previous official all-time high was established as somewhere around the $1,275 mark, which has now been broken. Moreover, Bitcoin is now back above gold price per ounce or $1,264.09 per ounce, according to gold.org.

In the beginning of March, when BTC first overshot gold price, it was hailed as a historic moment by some economists. As Bitcoinist pointed out, however, Bitcoin still has a long way to go before matchingthe total gold market. In terms of market capitalization, Bitcoin is a tiny 1/500th the size of gold in real terms.

Whats Driving the Price Higher?

There areseveral major reasons currently driving up theprice. The latest bull run, which began after March 21st, has pared the loses from setbacks such asthe ETF rejection and the suspension of withdrawals on Chinese exchanges.

Additionally, there is news that the Securities and Exchange Commission (SEC) will be reviewing the decision, and this may be yet another reason fortraders to bebullish.

Another factor is thegrowing support among Bitcoin companies for Segregated Witness, which is in part a scaling solution that is now reaching 90%. SegWit is a technology thatwill be activated on Litecoin shortly, and that has

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Risk-Wary Banks Chill Bitcoin Market – Wall Street Journal (subscription)

April 26, 2017 | Author: admin
Risk-Wary Banks Chill Bitcoin Market
Wall Street Journal (subscription)
At least three bitcoin exchanges have said in recent weeks that they can't process transactions in dollars, as global banks pull back from sectors they deem too risky. Hong Kong-based Bitfinex, the largest cryptocurrency exchange by market share, said ...

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Unocoin partners with PayU Biz for simple buying of bitcoins – Economic Times

April 26, 2017 | Author: admin

MUMBAI: Bitcoin and blockchain company Unocoin has partnered with PayU Biz, a payment gateway, to facilitate Unocoin users to buy Bitcoins using the net banking feature. The company expects that this will allow a frictionless buying experience for bitcoin users who can buy bitcoins through netbanking feature by using the PayU payment gateway.

"With an increasing interest in Bitcoin, this integration will enable Unocoin customer to buy Bitcoin even on a weekend while the manual payment processing is not functional," said Sathvik Vishwananth, co-founder, Unocoin.

To buy Bitcoin using Net Banking, Unocoin users will have to head onto "Buy Bitcoin" tab and choose Netbanking as the mode of payment along with the required details and confirm the order. On successfully completing the transaction, the user will be credited with their Bitcoin immediately into their Unocoin Wallet. The entire transaction is facilitated by the PayUBiz payment gateway, which is PCI-DSS compliant, ensuring complete security of the transactions.

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Cryptocurrency Market Cap Reaches Record High of $30 Billion – Investopedia

April 26, 2017 | Author: admin

Investopedia
Cryptocurrency Market Cap Reaches Record High of $30 Billion
Investopedia
This week, for the first time, the market capitalization of cryptocurrencies reached about the $30 billion point. While the cryptocurrency industry has been booming for some time, this marks an important milestone for the relatively new area. It also ...
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Prague’s cryptocurrency cafe: a perfect brew of beans and bitcoins – The Guardian

April 26, 2017 | Author: admin

Ground floor Bitcoin Coffee is Paraleln Poliss attempt to embody the open exchange of ideas in the digital age

Prague has long been home to opulent coffeehouses, where everyone from Kafka to Einstein gathered to debate the burning issues of the day. Fast forward to the 21st century and the tradition of the coffeehouse as radical hub continues in the form of Paraleln Poliss Bitcoin Coffee in the suburb of Holeovice.

Founded by anarchic ethical hacker collective Ztohoven, the cavernous ground floor space is fitted with the industrial light fittings and paper honeycomb furniture found in hip cafes, but theres a difference the only form of payment accepted is the cryptocurrency Bitcoin. Barista Albta Svobodov even has a chip implanted in her wrist so shes never without her virtual wallet. We want to introduce Bitcoin to people from the street, she explains. The cafe is a tool to do that.

Not ready for a subcutaneous chip? Cash can be exchanged in the Bitcoin converter machine at the entrance; or load your Bitcoin on to an app such as Mycelium or a special plastic card. Rate fluctuations can be monitored in real time via the flat screen on the wall.

Nordbeans, a speciality roastery based in Liberec, north-east of Prague, sources the sustainable coffee. Expect to find all the usual espresso-based brews, as well as cutting-edge filter preparation methods, such as V60 and Aeropress on offer at the free-standing bar intended to embody the open exchange of ideas in the digital age that Paraleln Polis espouses.

paralelnipolis.cz

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BitTorrent Creator Will Switch to Full-time Cryptocurrency Development Soon – The Merkle

April 26, 2017 | Author: admin

It is not entirely surprising to learn Bram Cohen the inventor of BitTorrent wants to create his own cryptocurrency. Even though there are already several thousand currencies in existence, Cohen feels his creation will bring something new to the table. In fact, he will devote all of his time to developing and maintaining this new currency, which has not received an official name just yet.

There are quite a few reasons as to why people are attracted to the concept of creating a cryptocurrency. This is especially true for people who are actively involved in distributed and peer-to-peer technology as well. Bram Cohen, the creator of the BitTorrent protocol, has shown a keen interest in cryptocurrency for several years now. That is not surprising, considering both types of technology focus on the same aspects.

Cohen feels now is the timeto create a completely new cryptocurrency, although not too many details are known about it yet. He told Torrent Freak:

My proposal isnt really to do something to BitCoin. It really has to be a new currency. Im going to make a cryptocurrency company. Thats my plan.

Given his focus on peer-to-peer connectivity and decentralized technology, Cohen is in a prime position to experiment with developing a new cryptocurrency. Moreover, it is doubtful he would be in it for the money, as he simply wants to bring amazing new technologies and concepts to the masses.

Over the past few years, Cohen has taken the time to share his opinions regarding the state of cryptocurrency. In fact, he recently presented a new paper on proofs of space and proofs of time, which was well received by the attendees of the Stanford blockchain conference. This goes to show Cohen knows what he is talking about and how he feels cryptocurrency can be further improved moving forward.

It is worth mentioning Cohen will not be looking to make any contributions to bitcoin or any of the existing cryptocurrencies whatsoever. Instead, he will create a cryptocurrency company, which could indicate he is not necessarily looking to cater towards most cryptocurrency enthusiasts. It appears this new currency will try to focus on storage-based solution and solving the 51% attack vector that looms overhead for bitcoin and other currencies.

It has to be said, cryptocurrencies focusing on storage are nothing new under the sun right now. Various similar projects exist already, although Cohen will certainly look to do much better compared to the other developers. It remains unclear how he aims to do so, though, as most of these other projects have a large team of developers and contributors helping out. Cohen will need to establish a team of developers to contribute to his upcoming project.

Further information regarding this project is expected to be revealed in the coming months. Cohen will first focus on wrapping up some other work related to the BitTorrent protocol before dedicating himself full-time to this new cryptocurrency venture. It will be interesting to see what we can expect in the future, that much is certain.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

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Cryptocurrency Exchange Poloniex Set to Delist 17 Altcoins – CryptoCoinsNews

April 26, 2017 | Author: admin

Cryptocurrency exchange Poloniex recently announced that it will be delisting 17 altcoins, effective May 2, which saw the price of the coins drop significantly.

On Twitter, the U.S.-based cryptocurrency exchange, said:

On May 2, 2017, the following will be delisted: BBR, BITS, C2, CURE, HZ, IOC, MYR, NOBL, NSR, QBK, QORA, OTL, RBY, SDC, UNITY, VOX [and] XMG.

Since Poloniexs tweet, the prices of the listed currencies have dropped in value by between 31 percent and 92 percent over the past seven days. The biggest drop in valuewas C2, which is currently ranked 323rdon CoinMarketCap. Over the last seven days, it fell by 91.08 percent.

Boolberry, who was one of the altcoins mentioned to be delisted, and who has had a 64 percent price dropover the past seven days,responded to Poloniexs tweet, and asked:

Hey @Poloniex, anything we can do to avoid delisting?

Coin Magi XMG, which suffered a 58 percent drop following the announcement,also reached out to Poloniex via Twitter, stating:

Poloniex Magi is with you for a long time. Last months volume is growing, new developments are in progress. Pls reconsider!!

Many, however, have taken to Twitter to either voice their support in the expected removal of the announced altcoins while others have voiced their anger in how Poloniex have handled the situation.

One person responded by saying:

They opened a company to make money @Poloniex in the same breathe[sic] screw people over

While another said:

Lol our hedge group only lost like $250000 in earnings in like 20 minutes 11 failed transactions trying to close positions!!! All gone.

A third said:

@Poloniex who the F%^& makes these decisions? I see at least 4 with active develop, solid community & solidproject that should remain.

In the past the cryptocurrency exchange has received its critics about its security procedures.

Last October, an anonymous securityreview undertaken by Xavier59, revealed three vulnerabilities after alleging that Poloniex had failed to reply to his emails with information relating to security bugs.

Furthermore, last year, the exchange announced that it was suspending its services in New Hampshire due to that states digital currency regulations. It added the same suspension to the state of Washington earlier this month for the same reasons.

Of course, while the cryptocurrency exchange is considered one of the biggest, thislatest news from Poloniex and its planned delisting of 17 altcoins is not going to do any favors for the exchange. It begs the question, then:is this the start of more delistings from the exchange?

Featured image from Shutterstock.

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Best Cloud Storage – Computer Business Review

April 26, 2017 | Author: admin

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CBR lists the best cloud storage service applications.

Cloud storage is a data storage model whereby the digital data is stored in logical pools, the physical storage spreads across multiple servers, and the physical environment is typically owned and managed by a hosting company.

Therefore in basic format, cloud storage is data stored online in the cloud. Online cloud storage is one that has become increasingly useful for individuals and businesses as it is deemed to be more secure.

There is a wide range of Cloud storage service applications, but from these CBR lists the five best cloud storage services.

File hosting service, Dropbox not only offers cloud storage but also file synchronisation, personal cloud and client software.

Dropbox is the only cloud services company to offer clients for Linux, Blackberry, Windows, Mac OS X, Android and IOS.

Dropbox offers a free business model, providing users with a free account with a set storage size with paid subscriptions also available. These offer larger capacity and other additional features. Users of Dropbox are given 2GB of free storage space.

The service is compatible with a wide range of applications, such as iOS-specific features which enables the ability to share files in iMessage and also use Dropbox to watch videos while using another app on an Apple device.

For an upgrade from the basic account, users will only need to pay 7.99 per month for 1TB storage space.

Built onto the new Windows 10, Microsofts OneDrive is the best option for Windows users. It is also compatible across a range of devices such as PC, Mac, Android and iOS.

As it is pre-installed on Windows 10, users documents and photos will be saved onto OneDrive automatically.

OneDrive is suitable for both personal and business use as it can be paired with Microsofts Word, Excel, PowerPoint and OneNote from desktop, mobile device and online.

Its basic account offers 5GB free storage and for an additional 1.99 per month users are given an additional 50GB.

File storage and synchronisation service Google Drive was launched by Google in 2012. The service enables users to store files in the cloud, synchronise and also share files across devices.

Google Drive offers apps with offline capabilities for Windows and macOS computers, as well as Android and IOS smartphones and tablets.

Different to other cloud storage services, Google Drive provides 15GB of free storage space when a Google account is created or linked to an already existing one. Another benefit is for users who use Gmail, Google calendar or YouTube these users are automatically provided with a Google Drive account. The storage space is also shared across these services.

For larger storage sizes of up to 30TB, Google Drive offers additional paid plans for a selection of bigger storage capacities.

Secure file sharing and storage service, Box, was launched in 2005 and although it is mainly used for business services, it also provides personal storage options.

Its free package offers 10GB of free storage space, however, in order for users to use all the free space, Box limits file storage to 250MB for the free account.

Files can be shared easily from the cloud with a simple provided link that can be delivered via email or straight from the Box service.

For larger storage space, Box offers its Personal Pro plan which provides 100GB of storage and a file size limit of 5GB at 7 a month.

Again, Box is also available in mobile apps across iOS, Android, Windows and Blackberry and its web portal service enables users to create new documents in Microsoft Office, Google Docs or other web-based formats.

Apples cloud storage and cloud computing service, iCloud which was launched in 2011 and was initially only available for Apple devices. In 2014, however, the iCloud drive was changed, allowing users to store all files even if they were not created using an Apple application.

The service gives the option to automatically back up iOS devices directly to iCloud for automatic storage, reducing the need to backup manually on a Mac or Windows computer using Apples iTunes.

Although files can be shared across other devices, there is no iCloud app on devices other than Apple, which only makes it particularly useful for owners of Apple devices.

iCloud offers 5GB of free storage and for an increase of up to 1TB, users will need to pay 6.99 per month. The next option following the free plan is of 50GB at 79p a month.

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