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Life in the Clouds: Navigating Security Challenges in Cloud … – tripwire.com

As the realm of technology continues to evolve, the significance of cloud computing has grown exponentially. This paradigm shift offers unparalleled scalability, efficiency, and cost-effectiveness benefits. However, with these advantages come a host of security challenges that need careful consideration.

This article delves into the vital realm of cloud security, exploring the multifaceted landscape of safeguarding data, identities, networks, and services.

Within cloud computing, a critical aspect is understanding the shared responsibility model. This model delineates service providers' and users' roles and responsibilities in safeguarding data. Encryption techniques emerge as key players in bolstering data security, mitigating vulnerabilities, and preserving user privacy.

Complying with data protection regulations, such as GDPR and HIPAA, isn't just a legal obligation; it's a cornerstone of building trust and ensuring ethical practices. By adeptly navigating these considerations, organizations can erect robust defenses, reinforcing the integrity and confidentiality of their data within the dynamic landscape of cloud environments.

Security in the cloud ecosystem hinges on adept Identity and Access Management (IAM). IAM deftly navigates the fine line between data accessibility and protection. Robust authentication methods lay the foundation for controlled entry. Multi-factor authentication (MFA) stands as a sentinel, demanding layered verification. Meanwhile, Role-Based Access Control (RBAC) refines permissions, curtailing potential breaches.

Beyond its security prowess, IAM is a vehicle for compliance with industry benchmarks. By skillfully implementing these practices, organizations reinforce their security posture. This ensures the cloud's advantages are harnessed without compromising data integrity or eroding user confidence.

The very fabric of cloud security extends to robust network security measures. Virtual Private Clouds (VPCs) offer a secure enclave for data and applications, segregating them from potential threats. Firewalls and Intrusion Detection Systems (IDS) act as vigilant gatekeepers, monitoring traffic for unauthorized access and malicious activities. Secure network protocols, like HTTPS and VPNs, encrypt data in transit, thwarting interception.

The dynamic nature of cloud environments demands agile security configurations that adapt to changes seamlessly. By integrating these elements, organizations forge resilient network defenses that insulate critical assets from harm. Network security not only guards against breaches but also nurtures users' trust, showcasing a commitment to safeguarding data while harnessing the boundless potential of cloud resources.

Amid the complex nature of cloud security, vulnerability management emerges as a vital thread. Regular vulnerability assessments and penetration tests unveil potential weak points. Effective patch management is imperative, promptly addressing vulnerabilities as they surface.

Within the realm of container and microservices architecture, security remains paramount. This entails embedding protective measures during the development phase and throughout the software's lifecycle. Proactive vulnerability management curtails the exploitation window, bolstering the defense against cyber threats. This approach not only safeguards the integrity of applications and data but also engenders a culture of continuous vigilance, essential in a landscape where new vulnerabilities can arise at any moment.

Selecting a reliable Cloud Service Provider (CSP) is pivotal. Scrutinizing security features and certifications is essential for ensuring a fortified cloud environment. Additionally, avoiding vendor lock-in risks is crucial. Organizations must plan for a feasible exit strategy that safeguards data and minimizes disruption.

The evaluation process extends beyond technical attributes, encompassing legal and compliance considerations. A well-informed choice ensures alignment with security goals and business needs. This section delves into the intricacies of CSP evaluation, spotlighting the significance of a thorough assessment in establishing a secure cloud foundation.

Infusing security into cloud architecture is a strategic imperative. This proactive approach mitigates risks at their roots, fostering a robust foundation. Implementing automated security measures, from intrusion detection to threat response, minimizes human error and response time. Organizations ensure seamless scalability without compromising protection by designing security as an integral component. This section explores the synergy between architecture and security, underlining how a comprehensive strategy cultivates an environment where innovation flourishes with fortified defenses.

Security education holds paramount importance in fortifying defenses. Recognizing and preventing phishing attacks are pivotal skills. By cultivating a risk-aware culture of attention and vigilance, organizations empower their workforce and actively safeguard against potential threats.

Leveraging real-time monitoring tools allows swift threat identification. Developing an incident response plan ensures a well-coordinated approach to tackling security breaches, minimizing impact and recovery time.

Internal security audits uphold vigilance, identifying vulnerabilities and areas for improvement. Engaging third-party auditors brings impartial assessments, validating compliance and bolstering overall security posture.

In the ever-expansive sky of technological progress, cloud computing has emerged as a guiding star. Yet, as we soar towards innovation, we must anchor our journey in security's embrace. Data protection, identity fortification, network resilience, and vigilant management build a strong force capable of meeting the threat of cyber criminals head-on.

Like celestial navigators, we steer by the constellations of compliance and awareness. The cloud's potential is boundless, but so too is its vulnerability. As we stand at the precipice of possibility, let us weave security into every thread of the cloud's tapestry, ensuring a firm foothold as we traverse the uncharted realms ahead.

Lets remember to keep our feet on the earth and our eyes on the cloud.

Editors Note:The opinions expressed in this guest author article are solely those of the contributor, and do not necessarily reflect those of Tripwire.

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Object-Based Storage Market Thrives on Efficiency and Scalability Demands 2023 to 2028 – Yahoo Finance UK

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Object Based Storage Market Market Share Of Cloud Hosting Software By Program Global 2022

Object Based Storage Market Market Share Of Cloud Hosting Software By Program Global 2022

Dublin, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The "Object-Based Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

The object-based storage market is expected to register a CAGR of around 12% during the forecast period. In contrast to conventional storage architectures like file systems, which manage data as a file hierarchy, and block storage, which manages data as blocks inside sectors and tracks, object storage is a type of computer data storage that maintains data as objects.

Key Highlights

The storage market is evolving to address new challenges in enterprise IT, such as exponential data growth, rapid digitalization and globalization of business, and requirements to connect and collect everything. Storage infrastructure systems based on object storage are growing significantly in both the number and capacity of deployments and are becoming the platform of choice to address the growth of unstructured data in enterprise data centers.

The steep growth of unstructured data for emerging and established workloads requires products driven by infrastructure software-defined storage that can deliver tens of petabytes of storage and potentially leverage hybrid cloud workflow with public cloud IaaS. New and established storage companies are developing scalable object storage products to address cost, agility, and scalability limitations in traditional scale-up storage environments.

Most organizations use a mix of storage types: file storage, block storage, and object storage. But the use of object storage is surging for several reasons: speed, scalability, searchability, security, data integrity, and reliability. Object storage provides various benefits for organizations that want to aggregate vast amounts of data, essential layer applications on top of that data store, conduct advanced data analytics that drives innovation, and protect against ransomware attacks.

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Key Market Trends

Cloud based Deployment to Dominate the Market Share

The steep growth of unstructured data for emerging and established workloads requires products driven by infrastructure software-defined storage that can deliver tens of petabytes of storage and potentially leverage hybrid cloud workflow with public cloud IaaS. New and established storage companies are developing scalable object storage products to address cost, agility, and scalability limitations in traditional scale-up storage environments.

The current unstructured storage market is evolving to embrace hybrid cloud workflows and capabilities as IT leaders are looking to take advantage of public cloud agility, efficiency, and cloud computing capabilities. The object storage segment is considered a two-sided market. There are multiple providers of object storage protocols and consumers of these protocols consisting of applications. There were several providers than consumers until the Amazon S3 API became the de facto standard for object storage. Also, companies utilizing object storage platforms in enterprise data centers adopted Amazon S3, a protocol prominently used in the public cloud, because of the developer community around it.

Several providers and consumers are using Amazon S3. Utilizing public cloud services like AWS has brought significant customer awareness to the object storage market. Software developers building Mode 2 web and mobile applications sometimes must repatriate these applications back to enterprise data centers. Enterprise IT seeks control of data and applications, while software developers seek efficient ways of programmatically interacting with infrastructure.

For the majority of cloud applications, scalability is a crucial necessity. An application's capacity to process requests, users, etc., and manage peak workload should rise as the amount of computing power is horizontally increased. Most cloud service providers also make it simple to increase computing capabilities to accommodate peak demand. However, a quick investigation will reveal numerous reasons these operations can fail or even linger forever.

They can also be challenging to debug. Utilizing file and block storage solutions has the additional drawback of making the takedown of the compute instance more likely to fail or hang. These problems make it impossible for the application to scale as needed right away. However, since object-based storage does not require a mounting phase, this is not a problem. The recently generated compute instances have right away access to the object storage.

North America to account for significant market growth.

North America is expected to expand the global market through the projected period. The region's cloud object storage market is anticipated to grow throughout the review period due to the regional main players' consolidation. Additionally, the region's use of cloud storage services by large and small & medium organizations has increased due to the region's large-scale influx and outflow of enormous data.

One of the factors driving the market's expansion is the growth of internet traffic and user-generated content, and the North American area sees the most I.P. traffic internationally. Cisco projects that the region's I.P. traffic will grow by 21% annually to 108.4 EB by last year.

Competitive Landscape

The object-based storage market is fairly competitive and consists of several players, with a few major players currently dominating the market. Many companies are working on this technology due to its numerous advantages over other storage options. Some major players are Hitachi Vantara Corp, NetApp Inc., IBM Corporation (Red Hat), Scality Inc., and Dell EMC.

For more information about this report visit https://www.researchandmarkets.com/r/gba993

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Veeam Software organises VeeamON Tour India 2023; expands … – Elets

VeeamON Tour India 2023 was held by Veeam Software, a leader in data protection and ransomware recovery, today in Delhi. Veeams initiative, which reflects the companys ongoing commitment to data protection and ransomware recovery, intends to create a community event for data recovery specialists.

The Delhi edition of VeeamON Tour India, created by and for backup and recovery specialists, included a C-Suite Panel discussion on Business Continuity, Disaster Recovery, and Ransomware. The panel was moderated by Sandeep Bhambure, Vice President and Managing Director, Veeam Software India and SAARC, and featured Sharat Sahai Mathur, General Manager/Group General Manager at the Centre for Railway Information Systems, Paparaju B, ED & CISO, ONGC, and Baidyanath Kumar, CISO, JK Lakshmi Cement. Dr. Sushil Meher, Head IT, AIIMS. The discussion delved deep into modern data protection to gain exclusive insights into innovative data protection strategies from the C-suite perspective.

VeeamON Tour India, Delhi offered a glimpse into the future of data protection by showcasing innovations around Veeam Data Platform, modern and intelligent data protection with insights from C-Suite members, advancing ESG and DEI Narratives in Cloud Data Management, and much more. This event was strategically designed to facilitate an in-depth exploration of solution-oriented sessions, empowering industry experts to enhance their proficiency in cloud and security capabilities.

In an age marked by a surge in cyberattacks across various sectors, safeguarding critical organizational data has become increasingly paramount. At the event, Veeam Software also presented key insights from its latest Veeam 2023 Ransomware Trends Report, indicating that approximately one out of every seven organizations is projected to witness severe data compromise, with over 80% of their data being impacted by ransomware attacks. Furthermore, in collaboration with Women in Cloud, Veeam hosted #WICxIndia 2023 during the VeeamON Tour India event in Delhi. This significant initiative not only celebrates Indias pioneering cloud and artificial intelligence (AI) landscape but also paves the way for the advancement of women in leadership roles within these fields.

Commenting on this initiative, said, We are pleased to be hosting the Delhi leg of VeeamON Tour India. In light of the escalating frequency of cyberattacks, its imperative for organizations to adopt a proactive approach and prioritize data protection and recovery. As global leaders in data protection and ransomware recovery, we advocate for efficient data recovery protocols. India has risen as a pivotal technology hub, and the VeeamON Tour India aims to highlight the crucial role of data recovery in todays dynamic threat landscape. Through expert-led discussions, top-tier training, innovative designs, and demonstrations in cyber threat management and cloud-driven data protection, we eagerly present our vision for the future of safeguarding data and addressing the evolving challenges of security threats for our community, said Sandeep Bhambure, Vice President & Managing Director, Veeam Software for India & SAARC while addressing the initiative.

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Community-developed checklists for publishing images and image … – Nature.com

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Cryptocurrency ATM Market to grow by USD 2.37 billion from 2021 to 2026 | Growth Driven by the increasing number of installations- Technavio – Yahoo…

NEW YORK, Sept. 14, 2023 /PRNewswire/ -- The "cryptocurrencyATM market by type (one way and two way) and geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2022-2026" report has been added to the Technavio offering.With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cryptocurrency ATM market from 2021to 2026 is USD 2.37 billion,according to Technavio.The increasing number of installations is a key factor driving market growth.To develop new products and emerging technologies that are used around the world in crypto ATMs, companies active in the worldwide market will make significant investments in research and development. Furthermore, with a view to making transactions more efficient, providers are putting in place different technologies with the aim of increasing hash rates and reducing energy consumption. Falling cryptocurrency valueshave encouraged providers to launch affordable crypto ATMs to expand their presence in this growing sector. For example, in May 2021, Bitcoin Depot announced the launch of over 350 new crypto ATMs in the US.Hence, these factors are expected to drive market growth during the forecast period.Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and more. Buy the full report here

Technavio has announced its latest market research report titled Global Cryptocurrency ATM Market 2022-2026

Market Challenge

Limited acceptance of cryptocurrenciesas a legal trendis a significant challenge restricting market growth.Cryptocurrencies are seen as posing a threat to current currency systems because of their volatility and decentralized nature. Consequently, cryptocurrencies are not considered legal tender in countries such as India, Bangladesh, and China. Furthermore, in some countries, digital currencies have been banned, but others are attempting to limit the flow of support from banks and financial systems with major implications for their trading and use. Cryptocurrency's association with illegal activities such as drug trafficking and money laundering was one of the factors that led to its ban.Hence, these factors are expected to restrict market growth during the forecast period.

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Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now

The cryptocurrency ATM market has been segmented by type (one way and two way) and geography (North America, Europe, APAC, Middle East and Africa, and South America).

The cryptocurrency ATM market share growth by the oneway segment will be significant during the forecast period.One-way cryptocurrency ATM allows the users to either buy or sell cryptocurrency as they are unidirectional. These ATMs are a safe way of buying, sending, and selling cryptocurrencies. This is due to its vast technological innovations; it helps protect the volatility of Bitcoin by providing quick transaction functions. One-way crypto ATMs are more affordable than two-way crypto ATMs.Hence, these factors are expected to drive market growth during the forecast period.

View Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the CryptocurrencyATM market:

ATM OPS LLC, Bitaccess Inc., Cash Cloud Inc., ChainBytes LLC, Clark, Sharp, and Reynolds LLC, Coinme Inc., Express Systems USA Inc., General Bytes SRO, Genesis Coin Inc., GFT Technologies SE, Kurant GmbH, Lamassu Industries AG, Lux Vending LLC, ORDERBOB, RockItCoin LLC, and RusBit Ltd.

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Cryptocurrency ATM Market Scope

Report Coverage

Details

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 53.09%

Market growth 2022-2026

USD 2.37 billion

Market structure

Concentrated

YoY growth 2022-2023 (%)

40.05

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 43%

Key countries

US, Canada, China, Japan, Germany, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ATM OPS LLC, Bitaccess Inc., Cash Cloud Inc., ChainBytes LLC, Clark, Sharp, and Reynolds LLC, Coinme Inc., Express Systems USA Inc., General Bytes SRO, Genesis Coin Inc., GFT Technologies SE, Kurant GmbH, Lamassu Industries AG, Lux Vending LLC, ORDERBOB, RockItCoin LLC, and RusBit Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers,Challenges, &Trends

Company Landscape

Company Analysis

Appendix

AboutTechnavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:media@technavio.comWebsite:www.technavio.com

Global Cryptocurrency ATM Market 2022-2026

Cision

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SOURCE Technavio

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Cryptocurrency ATM Market to grow by USD 2.37 billion from 2021 to 2026 | Growth Driven by the increasing number of installations- Technavio - Yahoo...

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Cryptocurrency Market to grow by USD 1.81 billion from 2022 to 2027 | Growth Driven by Rising investment in digital assets- Technavio – Yahoo Finance

NEW YORK, Sept. 14, 2023 /PRNewswire/ -- The "cryptocurrencymarket by type (bitcoin, ethereum, and others), component (hardware and software), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering.With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cryptocurrency market from 2022to 2027 is USD 1.81 billion,according to Technavio.Rising investment in digital assetsis a key factor driving market growth.Traditional securities issuance and cross-border transactions often impose significant administrative burdens. Failure to complete the transaction promptly may result in significant additional costs as well as delays. On the other hand, digital assets allow for quick transfer of ownership without the need for hard copies of documents. Furthermore, cryptocurrencies are becoming increasingly popular in the digital asset market due to these characteristics. FinTech is driving innovation in financial markets worldwide and leading to the emergence of digital assets.Hence, these factors are expected to drive market growth during the forecast period.Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and more. Buy the full report here.

Technavio has announced its latest market research report titled Global Cryptocurrency Market 2023-2027

Market Challenge

Volatility in the value of cryptocurrencyis a significant challenge restricting market growth.The value of cryptocurrencies is very volatile. Therefore, low-risk investors do not include cryptocurrencies in their financial portfolios. The fluctuations in value are largely because cryptocurrencies are held by a limited number of people who buy and sell in large quantities on trading platforms and exchanges. Additionally, the absence of transaction fees, position fees, transaction publishing fees, and exchange platform regulations also leads to fluctuations in the value of cryptocurrencies. As a result, people who hold large amounts of cryptocurrency manipulate the value to increase profits without making real investments.Hence, these factors are expected to restrict market growth during the forecast period.

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Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now

The cryptocurrency market is segmented by type (bitcoin, ethereum, and others), component (hardware and software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

The market share growth by thebitcoinsegmentwill be significant during the forecast period.Bitcoin, the world's most popular cryptocurrency, is gaining popularity globally. Above all, it is designed to be an alternative to traditional. Furthermore, bitcoin is a digital currency that can be transferred peer-to-peer (P2P) without a central authority. Bitcoin currently has the largest market capitalization, more than double that of its closest competitor, Ethereum. A total of 95% of crypto owners and prospective buyers know about Bitcoin. In the US, some 8% are trading in cryptocurrencies. A decentralized system called Blockchain is used to create, store, process, and exchange it.Hence, these factors are expected to drive segment growth during the forecast period.

ViewFree Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the CryptocurrencyMarket:

Advanced Micro Devices Inc., AlphaPoint Corp., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc., iFinex Inc., Intel Corp., KuCoin, Ledger SAS, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank Ltd.

Related Reports:

TheSecurity Analytics Marketsize is estimated togrowat aCAGR of 10.15%between 2022 and 2027. Themarket size is forecast to increase byUSD 6,512.26 million.

Thebanking, financial services, and insurance (BFSI) security marketsize is estimated to grow at aCAGR of 11.13%between 2022 and 2027.

CryptocurrencyMarket Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.81%

Market growth 2023-2027

USD 1.81 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

14.37

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 48%

Key countries

US, China, UK, Germany, and Switzerland

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Micro Devices Inc., AlphaPoint Corp., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc., iFinex Inc., Intel Corp., KuCoin, Ledger SAS, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Component

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers,Challenges, &Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:media@technavio.comWebsite:www.technavio.com

Global Cryptocurrency Market 2023-2027

Cision

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SOURCE Technavio

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Cryptocurrency market sees shift as Bitcoin and Ethereum options … – Investing.com

Investing.com

Published Sep 15, 2023 05:15AM ET

The cryptocurrency market is witnessing a substantial shift in investor sentiment as a significant number of Bitcoin (BTC) and Ethereum (ETH) options approach their expiration dates. This week has seen a marked decline in BTC Call positions, while ETH Put positions have notably increased, indicating a move towards more balanced betting on volatility.

Bitcoin options worth $560 million, equivalent to 22,000 BTC with a Put-Call Ratio of 0.74 and a max pain point of $26,000, are nearing their expiration. In parallel, Ethereum options valued at $250 million, amounting to 156,000 ETH with a Put-Call Ratio of 1.09 and a max pain point of $1,650, are also on the verge of expiry. The max pain point is an essential metric suggesting the strike price at which option buyers would owe the least amount to option sellers upon expiry.

This week's trading strength has declined compared to previous periods. Market activity has been relatively calm with subdued intraday fluctuations in both BTC and ETH. The volatility was primarily noticeable on Tuesdays. This tranquility in the market is attributed to the lack of impactful news.

Bitcoin's value has rebounded from its recent low of $25,000 due to concerns related to asset liquidation pressure from FTX. Following last month's release of the Consumer Price Index (CPI) and Producer Price Index (PPI) data, Bitcoin is now trading at around $26,500.

These imminent option expirations and current market trends reflect a cautious but changing sentiment in the cryptocurrency sector. Traders are closely monitoring price movements and open interest as we move further into this week.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Game of Coins: Who is who in the Cryptocurrency Market in LatAm? – Contxto

Since the emergence of Bitcoin in 2008, the world of cryptocurrencies has been constantly evolving. Latin America has begun to experience its own digital gold rush, reflected in a 40% increase in cryptocurrency investments between July 2021 and June 2022, reaching an amount of USD $562 billion, according to the Latin American and Caribbean Economic System (SELA), as stated here.

Countries like El Salvador have adopted Bitcoin as legal tender, while Mexico is exploring ways to do the same. But to better understand this phenomenon, its essential to analyze the context in which these digital currencies emerge. For example, Dogecoin, created in 2013 by Billy Markus and Jackson Palmer as a parody, has gained ground and media attention, opening a window to the universe of cryptocurrencies in the region.

The situation in Latin America is unique because the adoption of cryptocurrencies is driven by a combination of factors: the search for alternative savings options, the need for more efficient remittance sending, and, in some cases, speculative investment. According to data from Minsait Payments, nearly half of the banked Latin Americans are willing to buy Bitcoin and make payments with cryptocurrencies.

Within this [emerging scenario](https://www.criptonoticias.com/comunidad/adopcion/estos-son-10-paises-latinoamerica-mayor-adopcion-criptomonedas/), countries like Brazil and Argentina are taking the lead. Brazil has received investments of more than USD $150 billion in cryptocurrencies, while Argentina has accumulated more than USD $100 billion. Other countries like Colombia, Venezuela, Chile, and Peru are also recording a significant increase in cryptocurrency adoption.

But there are significant contrasts in the way each country approaches this phenomenon. El Salvador, for example, has taken a bold approach by adopting Bitcoin as legal tender. This decision has been controversial and has generated mixed reactions in terms of adoption and financial stability. Meanwhile, in Mexico, Senator Indira Kempis has proposed a similar initiative but has not made significant progress in the Senate.

Bitcoins dominance is notable throughout the region. According to data from Statista and Finder, in countries like Mexico, Bitcoin accounts for 22.8% of use. This suggests that, while there is growing interest and knowledge about cryptocurrencies, a more sophisticated financial culture is still needed for safer and more widespread adoption. Additionally, the lack of regulation and the need for robust security infrastructures are barriers to mass adoption.

The future of cryptocurrencies in Latin America is promising but uncertain. While companies like Bitso in Mexico, Mercado Bitcoin in Brazil, and Ripio in Argentina are advancing rapidly in the digital currency exchange sector, there are still significant obstacles.

The first and most obvious challenge is the need for a regulatory framework. Currently, the use of cryptocurrencies in the region is largely unregulated territory, which generates distrust among investors and jeopardizes widespread adoption. Companies and regulators will need to work together to develop policies that foster a secure and reliable ecosystem for cryptocurrency transactions.

The second challenge is educational. Many Latin Americans still lack basic knowledge about what cryptocurrencies are, how they work, and how they can be used safely. Training and financial education will play a crucial role in helping the general public understand and adopt this emerging form of digital economy.

In terms of opportunities, cryptocurrency adoption offers several tangible benefits. In countries with high inflation, such as Venezuela and Argentina, cryptocurrencies can function as a safe haven to preserve the value of money. They also offer a more efficient and less expensive alternative for remittance sending, a crucial aspect for many Latin Americans who depend on these financial flows.

The cryptocurrency market in Latin America is in a stage of rapid growth and evolution. The opportunities are vast, but the challenges are equally significant. The development of regulatory frameworks and financial education will be key factors in determining how cryptocurrencies are adopted and used in the region in the coming years.

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Game of Coins: Who is who in the Cryptocurrency Market in LatAm? - Contxto

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Evidence points to North Korea in CoinEx cryptocurrency hack … – The Record from Recorded Future News

Experts at the cryptocurrency-tracking company Elliptic say North Korean hackers are the prime suspects in the theft of $31 million in cryptocurrency from the CoinEx exchange reported earlier this week.

The analysts compared transactions intended to hide funds taken in the CoinEx heist with the aftermath of attacks on online casino Stake.com and cryptocurrency wallet service Atomic Wallet. Both of those were linked to Lazarus Group, a North Korean government operation that U.S. authorities have accused of helping fund the countrys illicit weapons programs.

Elliptic analysis confirms that some of the funds stolen from CoinEx were sent to an address which was used by the Lazarus group to launder funds stolen from Stake.com, albeit on a different blockchain, the company said Friday.

The CoinEx funds traveled through the Ethereum blockchain and then were sent back to an address known to be controlled by the CoinEx hacker, Elliptic said.

Elliptic has observed this mixing of funds from separate hacks before from Lazarus, most recently when funds stolen from Stake.com overlapped with funds stolen from Atomic Wallet, the analysts said.

In light of this blockchain activity, and in the absence of information suggesting the CoinEx hack was conducted by any other threat group, Elliptic agrees that Lazarus Group should be suspected for the theft of funds from CoinEx, the company said.

The CoinEx hack would represent just a fraction of the cryptocurrency thefts recently attributed to North Korea. Researchers at cryptocurrency-tracking company Chainalysis said Thursday that the value of stolen cryptocurrency associated with the country currently exceeds $340.4 million this year, and was $1.65 billion in 2022.

The challenge for cybercriminals, as always, is to find ways to obfuscate their actions, given that blockchain transactions are publicly trackable. The report from Chainalysis emphasized that North Korean groups are increasing their use of Russia-based exchanges known to launder illicit crypto assets.

Chainalysis specifically pointed to a different web of transactions related to an attack on Harmony, a company that provides a platform for trading different kinds of digital assets. Funds taken in that case traveled through an unspecified Russian exchange. Evidence shows that North Korean groups have used that pathway for money laundering since 2021, Chainalysis said.

Lazarus also appears to be focusing its attention on certain targets lately, too, Elliptic said.Including the CoinEx theft, in the past few months four of the five thefts attributed to Lazarus have been centralized cryptocurrency platforms, meaning theyre controlled by a single entity. Decentralized finance (DeFi) services, by contrast, distribute authority among different nodes.

Elliptic said there could be several reasons for the shift: DeFi services likely have improved security in recent years, thus reducing the scope for hackers to identify and exploit vulnerabilities. Centralized exchanges, meanwhile, are more susceptible to social-engineering attacks a favorite tactic of Lazarus because they have bigger workforces and centralized IT services.

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Joe Warminsky is the news editor for Recorded Future News. He has more than 25 years experience as an editor and writer in the Washington, D.C., area. Most recently he helped lead CyberScoop for more than five years. Prior to that, he was a digital editor at WAMU 88.5, the NPR affiliate in Washington, and he spent more than a decade editing coverage of Congress for CQ Roll Call.

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Auburn man accused of helping launder over $1 billion in virtual currency – KING5.com

NEW YORK An Auburn man is accused of helping launder over $1 billion in virtual currency for criminal actors, including an organization linked to the Democratic People's Republic of Korea.

Roman Storm and Roman Semenov, a Russian citizen, were two of the co-founders of Tornado Cash. The two were charged by the Federal Bureau of Investigation (FBI) in August with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.

One of the clients mentioned in the indictment is the Lazarus Group, a North Korean cybercriminal organization that was sanctioned by the U.S. Department of the Treasury in 2019.

The charges in the indictment arise from the defendants alleged creation, operation, and promotion of Tornado Cash, a cryptocurrency mixer that facilitated more than $1 billion in money laundering transactions and laundered hundreds of millions of dollars for the Lazarus Group, the Justice Department wrote in an August 23 press release.

Tornado Cash was a "cryptocurrency mixer," which obscures the transaction history of certain virtual currency activity.

The FBI's website has an example to define how a cryptocurrency mixer operates.

Imagine a bank thats open 24/7. When you use the bank, instead of getting an account of your own, youre able to make a deposit into one massive, shared account. Because your money isnt kept separately from everyone elses, when you deposit funds, you receive a code that can be used to get it back out later. You can keep that code to yourself or share it with someone you know so that they can pick up the money instead. The choice is yours, but, in either case, the transaction can be carried out anonymously.

The bank tracks how much money enters and leaves the shared account to ensure that no ones funds get stolenbecause the bank would be liable. But it doesnt track who put in or removed money from the shared account, when they did so, or why.

Know Your Customer and Bank Secrecy Act rules dictate that cryptocurrency mixers know exactly who is using their services, and for what purpose. An FBI official in the release compared these guidelines to what is required when someone opens a traditional bank account in the U.S.

Tornado Cash "ignored" these rules according to the FBI, which allowed criminal enterprises like the Lazarus Group to utilize the service without impediment.

Storm was arrested in August, but Semenov remains at large according to the FBI.

To submit a tip about Semenovs whereaboutsor to alert the FBI to possible cybercrimes involving cryptocurrencythe public is asked to contact the Bureau by calling 1-800-CALL-FBI (225-5324) or visiting tips.fbi.gov.

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