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Crypto insiders shift focus from Ethereum Classic and Filecoin to BorroeFinance – crypto.news

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ethereum Classic (ETC) faced challenges on social media, impacting investor sentiment. In contrast, Filecoin (FIL) garnered attention with a recent community event. Investors are shifting focus to BorroeFinance (ROE), recognizing its intent to reshape web3 fundraising.

The official Ethereum Classic X account, @eth-classic, was recently suspended.

In response, Ethereum Classics executive director, Bob Summerville, stated that no clear reason was provided. He speculated it may have been an erroneous automated action.

Due to the temporary loss of its social media presence, ETC saw muted price gains in November 2023.

On Nov. 6, ETC was trading at $18.47, rising to $20.23 by Dec. 6.

As a fork of Ethereum, analysts suggest ETC could see further gains should the speculated SEC approval of an Ethereum ETF materialize in Q1 2024.

BorroeFinanceis a decentralized AI-based fundraising marketplace that utilizes invoice discounting NFTs to transform how web3 businesses raise capital.

The platform allows businesses to tokenize their future income streams, including subscriptions, invoices, and royalties, into NFTs and sell them at discounted prices.

This approach enables businesses to access early-stage funding while also allowing investors to earn passive income from the underlying assets.

BorroeFinance has raised over $1.8 million in the ongoing presale.

Presently, ROE is available for $0.0175 but will list at $0.040 once the presale ends in 2024.

On Nov. 15, The Future of Filecoin in Web3 Carnival Night took place at the Swissotel in Istanbul, Turkey, drawing attendance from prominent crypto experts and DeFi companies, including Filecoin Foundations Clara Tsao and Protocol Labs Colin Evra.

In related developments, SINSO recently constructed web3 middleware for Filecoins ecosystem. Experts believe this infrastructure will contribute to Filecoins data governance objectives.

Throughout November, FIL was bullish, starting at $4.32 on Nov. 6 and reaching $4.70 by Dec. 6, marking an 8.26% gain.

However, analysts are pessimistic about FILs prospects, citing declining investor interest.

They expect the coin to trade at $5.90 by 2024.

Learn more about BorroeFinance here:

Visit BorroeFinance Presale|Join The Telegram Group|Follow BorroeFinance on Twitter

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Why is Ether (ETH) price up today? – Cointelegraph

Ether (ETH), the native token of the Ethereum network, is witnessing a breakout on the back of increasing institutional interest in the second-largest cryptocurrency by market cap. The increased bullish sentiment pushed Ether price up by 23.7% over the past 30 days. The fact that ETH trades above $2,300 could indicate that increased attention is shifting toward Ether. Year to date, ETH price is up by 96.5%.

Lets review a few of the reasons for Ethers price strength.

A surge in traders interest in Ether began on Nov. 1 when the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale Investments application to convert its Ethereum trust into an ETF.

The commissions decision responded to a direct court order mandating it to review Grayscales pending ETF applications. To date, the SEC has not confirmed a spot crypto ETF. On Dec. 5, the SEC pushed the Grayscale spot Ether ETF decision until January 2024.

BlackRock, the worlds largest asset manager, filed for a spot Ether ETF on Nov. 9. The confirmation sent Ether price to a 6 month high above the $2,000 resistance. BlackRock filed the S-1 form with the SEC on Nov. 16.

On Dec. 7, a total of seven spot Ether ETFs are filed and pending with the SEC.

Many analysts anticipate that the SEC will first approve a spot Bitcoin ETF in early 2024. Once that happens, many crypto analysts see a spot Ether ETF approval shortly after. In the past few weeks, the narrative of Ether turning bullish ahead of a ETH spot ETF approval has grown in popularity and with Bitcoin (BTC) price finding resistance at the $45,000 level, some traders have turned their focus toward ETH.

Related: Lawmakers fear and doubt drives proposed crypto regulations in US

The anticipation of approval is leading to increased institutional capital inflows. Over the last 10 weeks, there was a total of $1.76 billion of inflows, which is the highest on record since October 2021. The record inflows also produced net flows of Ether, hitting $10 million for the first time this year and $30 million in the past-week.

The Ethereum networks decentralized finance (DeFi) ecosystem also witnessed a boost in daily fees and revenue, reaching a 180-day high in both categories on Dec. 7. In 30 days, fees grew over 155%, in tandem with Ethers price growth. With the increase in Ether fees, the Ethereum network revenue is up 178.2% in the past 30 days, which equates to $2.92 billion annualized.

The Ethereum networks growth has increased gas fees and turned the network deflationary again. The last time Ethereum network emissions were inflationary was on Nov. 8, showing sustained activity growth for the past 30 days. If this trend continues, Ethers coin supply will contract by -0.47% a year.

Related: Bitcoin HODL Waves: 2020 bull market buyers now control 16% of supply

While Ether price did break through the key $2,300 level, it continues to trail Bitcoins 162% year-to-date gains. Despite profit taking from by short-term sellers, the increase in trading volume has helped Bitcoin maintain the $40,000 range.

Bitcoin is maintaining dominance in the crypto market before the supply halving in April 2024. On Dec. 7, Bitcoin reached a year-to-date high of 53.89% versus the entirety of the crypto market.

Typically, when Bitcoin dominance plateaus, there is a rush to altcoins and other cryptocurrencies. According to independent analyst Jacob Canfield, the ETH/BTC pair ran the montly lows yesterday and is putting in a very strong daily candle. Canfield also points to lots of thin air up to the $3,300 - $3,500 zone.

While the current market looks healthy, macro factors like future rate hikes and the potential U.S. crackdown on the crypto sector may slightly weigh on Ethers price. Factors such as a spot Bitcoin or Ether ETF approval, positive developments in clarifying regulators stance on crypto and a strong U.S. economy may prove to be catalysts for price growth.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Confidentiality, Integrity, and Availability: Ethereum’s Triple Halos – Baltic Times

In the fast-paced world of cryptocurrency, security is paramount. Ethereum, a groundbreaking blockchain platform, relies on the principles of Confidentiality, Integrity, and Availability (CIA) to safeguard user data and ensure smooth operations. In this article, we will explore the significance of these principles within the Ethereum ecosystem, the challenges they face, and how Ethereum aims to address them. If you are interested in Ethereum trading, you may also consider knowing about Ethereum Code the newest Sensation for Cryptocurrency Trading.

The Ethereum Ecosystem

Overview of Ethereum

Ethereum, often dubbed "the world computer," is a decentralized, open-source blockchain platform. It enables the creation of decentralized applications (DApps) and smart contracts, which execute automatically when predefined conditions are met. Ethereum has played a pivotal role in the proliferation of blockchain technology, offering a more versatile platform compared to its predecessor, Bitcoin.

Significance of Ethereum

Ethereum's versatility extends beyond simple cryptocurrency transactions. It powers a multitude of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). As a result, Ethereum has become an integral part of the global blockchain ecosystem.

Challenges and Vulnerabilities

Despite its successes, Ethereum faces a range of challenges and vulnerabilities. These issues can undermine the CIA triad and pose significant risks to users and the blockchain itself. Let's delve into each aspect of the CIA triad within the Ethereum context:

The CIA Triad Explained

Confidentiality

The Role of Confidentiality in Ethereum

Confidentiality in Ethereum pertains to the protection of sensitive user data and transaction details. While Ethereum is a public blockchain, it is essential to ensure that private information remains confidential.

Security Measures

Ethereum employs several security measures to maintain confidentiality. Notably, cryptographic techniques like zero-knowledge proofs and secure multiparty computation are used to protect user identities and transaction data.

Real-world Examples

One notable example of confidentiality breaches in Ethereum is the exposure of user addresses through careless usage of DApps. Additionally, Ethereum Improvement Proposals (EIPs) like EIP-712 aim to enhance user privacy.

Integrity

Why Data Integrity is Crucial

Integrity involves ensuring that data on the Ethereum blockchain remains unaltered and trustworthy. Any unauthorized changes to smart contracts or transaction data can have severe consequences.

Methods to Ensure Integrity

Smart contracts in Ethereum are designed to be tamper-resistant, thanks to the immutability of the blockchain. Code audits, formal verification, and community scrutiny help maintain the integrity of these contracts.

Case Studies

The infamous DAO hack in 2016 resulted from a vulnerability in a smart contract's code, leading to a significant loss of funds. This event underscores the importance of code integrity in Ethereum.

Availability

The Significance of Availability

Availability is crucial for the uninterrupted operation of the Ethereum network. Downtime or congestion can impede transactions and disrupt the functionality of DApps.

Measures for Continual Operation

Ethereum employs a decentralized network of nodes to ensure availability. Additionally, efforts are made to mitigate distributed denial-of-service (DDoS) attacks, which could disrupt network availability.

Resilience Against Threats

Ethereum's robustness has been demonstrated in its ability to withstand network congestion and attacks. Continuous improvement of network infrastructure enhances its resistance to availability threats.

Security Challenges in Ethereum

Scalability Issues

How Scalability Concerns Affect CIA

Ethereum's rapid adoption has led to scalability challenges, impacting its ability to maintain the CIA triad. Congestion and slower transaction processing times are common issues.

Solutions and Improvements

To address scalability concerns, Ethereum has implemented various solutions, including Ethereum 2.0 (Eth2). Eth2's transition from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism is expected to significantly improve scalability.

Future Scalability Plans

Eth2's phased rollout promises to enhance Ethereum's scalability, with upgrades like shard chains and state execution engines. These developments are vital for Ethereum's long-term availability and overall security.

Smart Contract Vulnerabilities

Common Vulnerabilities

Smart contracts are susceptible to various vulnerabilities, such as reentrancy attacks and integer overflow/underflow. These vulnerabilities can compromise the integrity of the Ethereum network.

Security Best Practices

Developers play a crucial role in ensuring smart contract security. They must follow best practices, conduct thorough code audits, and leverage security tools to prevent vulnerabilities.

Notable Hacks

Incidents like the Parity Wallet bug and the recent DeFi exploits highlight the real-world consequences of smart contract vulnerabilities. These incidents emphasize the need for continuous security improvements.

Privacy and Anonymity

Balancing Transparency with Privacy

Ethereum's transparency is one of its strengths, but it can pose privacy challenges. Striking a balance between transparency and user privacy is essential.

Privacy-enhancing Technologies

Projects like Tornado Cash and Aztec provide privacy-enhancing solutions for Ethereum users. These technologies allow users to transact privately while maintaining the integrity and availability of the network.

Regulatory Challenges

Privacy technologies in Ethereum have raised regulatory concerns, particularly related to anti-money laundering (AML) and know-your-customer (KYC) requirements. Navigating these challenges is crucial for Ethereum's future.

Eth2 and the CIA Triad

Introduction to Ethereum 2.0 (Eth2)

Eth2 is Ethereum's ambitious upgrade, designed to enhance scalability, security, and sustainability. Its transition from PoW to PoS is expected to have a significant impact on the CIA triad.

Eth2 and the CIA Triad

Eth2 addresses scalability concerns through sharding, improving Ethereum's availability. The shift to PoS enhances security by making attacks cost-prohibitive and reducing energy consumption. Eth2's phased approach ensures the gradual transition of the network.

Future Challenges and Innovations

Emerging Threats

As Ethereum evolves, new threats may emerge. Quantum computing, regulatory changes, and novel attack vectors pose challenges to maintaining the CIA triad.

Innovations in Security

Ongoing research and development efforts aim to enhance Ethereum's security. Innovations like Rollups and Layer 2 solutions offer scalability improvements while preserving the CIA principles.

The Ethereum Community's Role

The Ethereum community plays a vital role in maintaining the CIA triad. Collaboration, education, and responsible development practices are key to Ethereum's long-term success.

Conclusion

Ethereum itself is a beacon of innovation, characterized by its unwavering commitment to the principles of Confidentiality, Integrity, and Availability, which together establish a secure and dependable ecosystem. As Ethereum steadily progresses, surmounting various challenges along the way, it is imperative for users, developers, and stakeholders to steadfastly uphold these fundamental principles. By doing so, Ethereum can continue to uphold its reputation as a secure and resilient blockchain platform, ultimately safeguarding the interests of its users and the broader crypto community.

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Ethereum: Are whales moving away from ETH? – AMBCrypto News

Ethereum [ETH]price has been soaring upward over the last few weeks. Due to this, many holders that got in early, could try to sell their holdings for a profit.

One major whale had already started selling off its holdings.

The whale, proficient in the art of swing trading with Ethereum ETH, has recently initiated the selling of ETH. The whale has made a substantial deposit of 3,700 ETH (equivalent to $8.72 million) to the Binance platform.

At present, the whale holds a total of 10,000 ETH, amounting to $23.58 million in value.

The whales strategic selling of Ethereum could impact the market in both positive and negative ways. On the positive side, if the whales actions lead to increased liquidity and more balanced price levels, it could contribute to a healthier and more stable ETH market.

However, on the negative side, large transactions like these can also introduce volatility, potentially causing short-term price fluctuations and influencing investor sentiment.

The sell-offs were not isolated to one whale. Recent data showed that many top addresses on exchanges had seen a decline in their supply.

However, despite the whale sell-offs, the overall price momentum of ETH wasnt affected. The price of ETH was $2,361.38, at the time of writing. Its price had grown by 0.41% in the last 24 hours.

However, the Grayscale Ethereum Trust premium gap, previously at -59.49% in December 2022, narrowed due to institutional buying, positively impacting ETHs trajectory.

The Grayscale Ethereum Trust premium gap refers to the difference between the market price of Ethereum (ETH) and the price at which the Grayscale Ethereum Trust (ETHE) shares are valued.

A negative premium indicates that ETHE shares are trading below the market value of ETH. In December 2022, the premium gap was at -59.49%, suggesting that ETHE shares were significantly undervalued compared to the actual price of ETH.

Realistic or not, heresETHs market cap in BTC terms

The narrowing of this premium gap is attributed to institutional buying, which means that institutional investors were acquiring ETHE shares.

When institutions invest in trust products like Grayscale, it often reflects confidence in the underlying asset, in this case, Ethereum.

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Ethereum: Are whales moving away from ETH? - AMBCrypto News

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Ethereum hits year-to-date high with 97% surge – CryptoSlate

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Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

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Analyst Says Ethereum Rival Solana Primed To Go Much Much Higher But Theres a Catch – The Daily Hodl

A closely followed crypto analyst says that Ethereum (ETH) rival Solana (SOL) is gearing up to continue its rally to the upside.

Pseudonymous crypto strategist Altcoin Sherpa tells his 200,700 followers on the social media platform X that he believes the smart contract platform will go much higher in the future, however, he warns traders of an upcoming dip after FTXs supply of SOL floods the market.

SOL: I still think that we go a bit lower. FTX supply coming here eventually and I think this move up is to bait some buyers. Would just be patient on Solana. Note: I think that this one is going to go much much higher in the future.

According to Altcoin Sherpa, investors should remain patient with Solana as the incoming cache of SOL tokens from bankrupt crypto exchange FTX will add to its supply. However, the trader notes that during the last month, SOL has been consolidating.

Although I think that you should still stay a bit patient given FTX supply is coming onto the market sometime (who knows when), Solana has also consolidated for a month in an overall macro healthy BTC (Bitcoin) upswing. In my opinion, this means you should at least be exposed now if you want in on this one.

Recommend you do a swing trade on this one and have entries from here all the way down to sub-$50. It also works great as an investment too, where you just hold this for six months+ and let it ride. High percentage chance its decently higher later.

Solana is trading for $66.36 at time of writing, a 4.7% increase during the last day and an increase of over 550% from its price of $9.97 at the start of 2023.

Featured Image: Shutterstock/Sergey Nivens/WhiteBarbie

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5 Questions Schools Should Ask Before Selecting a Cloud Security Platform – EdTech Magazine: Focus on K-12

1. Can we Use the Security Tools That Come with Our Cloud Platform?

Breach detection and data leakage are two types of security challenges that arent easily managed by standard cloud platform tools. For example, built-in data leak protection tools are often configured to recognize things like credit card and bank account numbers; K12 tools can add specific requirements, such as detecting mentions of self-harm or inappropriate images and language.

Built-in tools may also assume that users have multifactor authentication, but that is not the case in every K12 environment.

RELATED: Learn how cloud access security brokers protect student data in the cloud.

Its true that early adopters of online collaboration tools may not have seen a need for extensive security analysis tools, and were perfectly happy with the outcome. But with todays changing security environment, more demanding school boards, and more open and accessible internet-connected tools, schools should revisit that decision.

In some cases, on-premises security tools, such as security information and event management and data loss prevention toolkits, may extend to cloud-based collaboration platforms. But this could be a difficult integration in a K12 environment with resource and budget constraints.

Once a district has shifted most of its applications to cloud-based services, maintaining on-premises tools linked to a cloud platform will be a long-term maintenance liability.

Even with a substantial investment in on-premises tools, the switch to cloud computing may be a good time to shift security monitoring to the cloud as well.

Obviously, this will depend on how the mix of cloud and on-premises tools changes over time, but the more tools that move to the cloud, the greater the win from removing on-premises data center services.

Add-on K12 cloud security platforms make extensive use of the application programming interfaces that Microsoft and Google provide. APIs let them scan conversations, shared drives and emails, and control and monitor administrative tasks. The tools can also dive deep into the logging and reporting that the platforms use and help with administrative tasks, such as user provisioning and workflow management again, focused on K12 needs rather than enterprise capabilities.

DIG DEEPER: Heres how Google creates a more secure workspace for teachers and students.

This emerging market niche now has several vendors and a variety of approaches. Software suppliers from the network security, data leak protection, vulnerability management and SIEM marketplaces are all exploring how to meet K12 needs by adding to existing toolkits. K12 IT teams looking to protect their cloud-based collaboration tools should cast a wide net in researching products.

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Marvell Extends Connectivity Leadership for Accelerated Computing With Two Cloud-Optimized PAM4 Optical DSPs – PR Newswire

SANTA CLARA, Calif., Dec. 6, 2023 /PRNewswire/ --Marvell Technology, Inc.(NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, has delivered two optical PAM4 digital signal processors (optical DSPs) to enable cloud operators to serve the exploding demand for AI, accelerated computing and cloud services by optimizing the performance, bandwidth and efficiency of the optical links connecting data infrastructure.

Sampling to select customers now, Perseus is the industry's first 400/800 Gbps 5nm device that monolithically integrates the primary electrical components of a short-reach pluggable optical module an optical DSP, a transimpedance amplifier (TIA) and a vertical-cavity surface-emitting laser (VCSEL) driver into a single die to reduce power, space and cost. Monolithically integrating components also reduces manufacturing complexity for module manufacturers to enable them to scale faster. Perseus is also available with an integrated silicon photonics driver.

Perseus is optimized for both active optical cables (AOCs), which replace passive copper cables for connecting equipment within racks, and short-reach single mode and multi-mode optical interconnects for distances of five to 500 meters.

Meanwhile, the Marvell Spica Gen2, which began sampling in late 2022 and is now in volume production, is an 800 Gbps 5nm optical DSP optimized for longer-reach connections such as the high-bandwidth optical connections linking servers within an AI cluster or the optical connections between racks in a hyperscale data center. Spica Gen2 enables pluggable optical module manufacturers to reduce the power consumption of products to below 12 watts, a 25% savings over the previous generation of devices.1

Both chips are the latest products in a growing portfolio of optical and copper connectivity chips from Marvell optimized for specific use cases to help cloud operators maximize the utilization and performance of their infrastructures while reducing overall cost and power per bit. Both Perseus and Spica Gen2 are based on the Marvell industry-leading PAM4 optical DSP architecture, the most widely deployed optical DSP in cloud data centers and AI clusters.

"AI is impossible without optical," said Vlad Kozlov, CEO and founder of LightCounting, which forecasts that shipments of 800 Gbps and faster optical modules to the cloud will grow from 3 Exabits/second to 19 Exabits/second by 2027, a 78% CAGR. "Marvell has long been at the forefront of expanding the applications and use cases for optical inside data centers. Perseus and Spica Gen2 represent the latest steps in that voyage."

Connecting the Cloud

Optical DSP modules convert electrical signals from switches or other devices so data traffic can move to faster, more efficient and higher bandwidth optical networks. A mainstay in data centers since the early 2000s, optical modules have achieved a 1000x increase in data rate and a 100x reduction in energy per bit.2 The majority of connections within data centers over five meters today are made with optical DSP modules.2

Doubling in bandwidth approximately every two years, optical DSP-based modules are growing at approximately 54% per year in terms of bits shipped,3 enabling the 40-50% annual growth of bandwidth traffic at cloud service providers.3

The rise of accelerated computing will further fuel innovation in optical DSP technology as cloud service providers seek to scale their infrastructure to meet surging customer demand as well as the escalating performance requirements of these new, complex workloads. Some AI training clusters, for example, can contain up to 32,000 processors, 2,000 switches, 70,000 optical DSP modules and consume up to 45 megawatts of power.4

To help cloud operators and others increase their return on investment, Marvell produces connectivity products fine-tuned for different connectivity applications and use cases. Perseus, for example, supports both full retimer use cases for modules requiring both transmit and receiver capabilities as well as transmit-only orreceiver-only half retimer use cases such as linear pluggable optics (LPO). Other specialized products include Nova (the industry's first 1.6T optical DSP for medium- to long-reach connections inside data centers), Porrima (100-400G), coherent DSPs and modules for long-range connections (2-2,000km), and copper-based active electrical cable devices for server-to-server links.

"The optimized approach Marvell takes to silicon design gives us a platform for developing a broader portfolio of products," said Osa Mok, chief marketing officer at InnoLight. "In the AI era, customers will obsessively seek performance and power gains in every part of their infrastructure. Specialized optical modules and technologies will allow them to achieve their goals in a scalable, economical manner."

"Accelerated computing requires accelerated infrastructure," said Xi Wang, vice president of product marketing for Optical Connectivity at Marvell. "Perseus and Spica Gen2 are the latest examples of our strategy to enable our partners and end users to continuously improve the efficiency, performance and resiliency of their critical assets while creating a platform for new services."

Select features of Perseus include:

Select features of Spica Gen2 include:

Availability

Perseus is sampling to select customers now. Spica Gen2 is commercially available.

About MarvellTo deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transformfor the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit http://www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events, results or achievements. Actual events, results or achievements may differ materially from those contemplated in this press release. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict, including those described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and no person assumes any obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

For further information, contact:Michael Kanellos, Head of Influencer Relations[emailprotected]

SOURCE Marvell

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EU provides 1.2 billion euros for European cloud computing project – Notebookcheck.net

The European Union has just paved the way for a huge investment project, namely the "IPCEI Next Generation Cloud Infrastructure and Services" (IPCEI CIS) project, which is mainly supported by the following seven European countries: France, Germany, Hungary, Italy, Netherlands, Poland and Spain.

The EU is spending up to 1.2 billion euros to develop European cloud infrastructure. At the same time, a further 1.4 billion euros will be injected via private investments, supported by state financing.

The economy of the entire EU will likely benefit from the project and see gains in innovation and efficiency. Around 1000 new jobs are expected to be created very soon, with a further 5000 jobs to be added as the project evolves. Data and AI specialists in particular will count among the first employees.

It is also interesting to note that some of the public start-up funding will be paid back privately as soon as the project proves to be profitable. The exact nature of the contracts has not yet been disclosed. The first results of the project are planned for 2027, but in what form is again unknown.

To date, the cloud business has been mainly dominated by three US companies: Amazon, Microsoft and Google. As it currently stands, 19 companies will take part in the European cloud project, including industry giants such as Deutsche Telekom and SAP, but also companies from other participating countries, especially from the telecommunications industry.

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How organizations can learn from cloud security breaches – TechTarget

By

Published: 06 Dec 2023

When Enterprise Strategy Group senior analyst Melinda Marks and I asked organizations if they had experienced a cloud-focused cyber attack in the last 12 months, an alarming 99% claimed their organization had.

Our research on cloud threat detection and response -- which surveyed 393 security pros and asked about their cloud environments' security controls and strategic cloud security plans -- is worrying, but organizations have an opportunity to make lemonade out of lemons here.

The following are the top five cyber attacks cited, along with guidance on appropriate countermeasures against future attacks:

My recommendations aren't earth shattering; they are best practices any CISSP could rattle off in their sleep. Why are these breaches occurring then? Too many organizations are so enamored with cloud technology and application development opportunities that they fail to put in basic safeguards.

Companies should commit to a strong cloud security foundation in 2024, starting with the essentials: governance, policies and cloud security training for software developers, IT operations and security professionals. When supplemented with continuous monitoring, alerting and risk scoring, CISOs can avoid many cloud security problems.

Jon Oltsik is a distinguished analyst, fellow and the founder of TechTarget's Enterprise Strategy Group cybersecurity service. With more than 30 years of technology industry experience, Oltsik is widely recognized as an expert in all aspects of cybersecurity.

Enterprise Strategy Group is a division of TechTarget. Its analysts have business relationships with technology vendors.

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