Even 2019s Strongest Cryptocurrency is Unable to Escape the Bear Market – newsBTC

Binance Coin (BNB), the eighth-largest cryptocurrency by market capitalization, opened on Tuesday in a severely negative area as a string of poor fundamentals scared investors away.

BNB plunged by 5.78 percent, or $0.77, to trade at $12.65. The latest downside move came as a part of an extended bearish correction seen across the entire cryptocurrency market. Like BNB, top coins including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), too suffered intraday losses.

On the whole, the cryptocurrency market had erased approx $16bn off its capitalization from Monday until 1523 UTC today.

The entire cryptocurrency market had plunged by 8 percent from Monday | Source: TradingView.com, CoinMarketCap.com

The rapid decline in the BNB price also came two weeks before the enforcement of the European Unions Anti-Money Laundering Directive (5AMLD).

In retrospective, 5AMLD requires Europe-based cryptocurrency exchanges to register with the local authorities. It also orders them to perform KYC checks on all their users.

Binance, which is based in Malta, do not impose strict KYC on users withdrawing less than 2 BTC. That leaves the exchange with two options: Either it can impose new regulations on its hundreds of thousands of traders, or it can decide to stop offering services to European clients altogether.

Historically, geo-blocking users have not helped BNB, a de-factor reward token at Binance. Back in June, when Binance had announced that it would stop offering trading services to the United States citizens, the price of BNB had taken a toll.

The token though established a year-to-date high of $43.15 but has since erased a large portion of its profits. As of 1523, it was changing hands at a 70 percent lesser price.

The 5AMLD directive has prompted smaller cryptocurrency businesses, including Bottle Pay, which had raised $2mn earlier this year, to shut down. Irrespective of what Binance does, it would lose a huge chunk of traders that want to circumvent KYC checks.

The latest shakedown has brought Binance Coin closer to testing its 78.6 percent Fibonacci level of $12.455 as support. So it appears, it is one of the last levels standing before BNB and a vast breakdown.

BNB price is undergoing a vast bearish correction | Source: TradingView.com, Binance

The prevailing bearish sentiment could see traders eyeing targets below the $12.45 support. Ideally, a break below the said level could have them open short positions towards $8.96, an interim downside target. A further breakdown, meanwhile, could have traders extend their shorts towards $4.086.

Conversely, a pullback from $12.45 could open an attractive interim long opportunity towards the 50-daily MA in orange.

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Even 2019s Strongest Cryptocurrency is Unable to Escape the Bear Market - newsBTC

Cryptocurrency Market Update: Bitcoin and major altcoins `jump off the lows, give bulls a glimpse of hope – FXStreet

Bitcoin and major altcoins have recovered from the recent lows amid technical correction from deeply oversold levels. The total capitalization of all digital assets in circulation settled at $179 billion, while an average daily trading volume spiked to $93 billion.

BTC/USD is changing hands at $6,659, off the intraday low of $6,435. The first digital coin is still down nearly 3% on a day-to-day basis. From the technical point of view, Bitcoin has returned inside the Bollinger Band on 1-hour chart with further recovery limited by $6,700.

ETH/USD regained the ground above $123.00 after collapsing to $166.40 earlier on Wednesday. The second-largest coin is shadowing Bitcoin moves with the initial resistance created by $125.00 (the upper line of 1-hour Bollinger Band). An upward-looking RSI (Relative Strength Index) implies that the short-term recovery may be extended.

XRP/USD hit bottom at $0.1752 before recovering to $0.1823 by press time. The coin has lost over 7% in recent 24 hours amid strong bearish pressure. Despite the recovery, the coin is moving within a steep downside trend.

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Cryptocurrency Market Update: Bitcoin and major altcoins `jump off the lows, give bulls a glimpse of hope - FXStreet

Cryptocurrency Market Update: November lows blast Bitcoin towards $7,500, Ripple and Ethereum sluggish – FXStreet

Bitcoin could not afford to leave investors ungifted before Christmas. Santa had indeed lost his way to the crypto space, allowing Bitcoin to retestthe lows traded in November. However, the recovery experienced remained unique toBitcoin because other cryptoassets including Ethereum and Ripple were largely unchanged.

Meanwhile, the total market capitalization rose significantly from $177 billion posted at the close of the session on Tuesday to $193 billion at the time of writing. The trading volume shot up as well from $77 billion to $106 billion in the same period. Bitcoin market dominance seems to be picking up the pace once again, besides it stands at 68.2%. In other words, altcoins are losing ground against Bitcoin and this could mean that the much-anticipated altcoin season is just but a mirage.

Although Bitcoin is trading 1.48% lowertowards the end of the Asian session on Wednesday, the reaction from lows slightly above $6,500 was remarkable. Bitcoin broke several barriers in a very unexpected move that left most people surprised. The uptrend aimed for $7,500 but formed a high at $7,475 before adjusting to the current $7,169.

Moreover, the price is trading above the moving averages where the 50 SMA and the 100 SMA on the 4-hour chart are in line to provide support. Bitcoin upward correction also made it above the wedge pattern resistance, which further contributed to the momentum. In the meantime, the focus should stay at $8,000 while the bulls work hard to sustain the price above $7,000.

Ethereum and Ripple gave a blind eye to Bitcoins impressive bullish reaction. Instead, the two cryptos are stuck close to their key support areas. For instance, Ethereum is trading 3% lower on the day at $129 while Ripple has shed 2.66% of its value to trade at $0.19098. The bearish trend coupled with the high volatility suggested that the downward momentum has the potential to continue.

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Cryptocurrency Market Update: November lows blast Bitcoin towards $7,500, Ripple and Ethereum sluggish - FXStreet

Cannabis, corruption and cryptocurrency: All the weird stuff in the budget deal – POLITICO

No D.C. marijuana sales: Congress will continue to ban the District of Columbia from taxing and regulating marijuana. Seventy percent of D.C. voters backed a referendum in 2014 legalizing pot, but provisions in spending bills since then have prevented the city from taxing and regulating the drug. The result is a gray market where residents are legally allowed to grow and carry marijuana, but not sell it outright.

Corruption jab at Elaine Chao: While it should be common sense that officials cant use their public office for private gain, lawmakers spelled out just such a prohibition this year. The funding deal explicitly forbids the Department of Transportation from spending money in violation of a U.S. law that bars federal employees from using their position to endorse products or services, or to boost their relatives or friends. The no-brainer ban is seen as a jab at Elaine Chao, who has been accused of conflicts of interest in her role as Transportation secretary, both by doing interviews alongside her shipping magnate father and by taking far more official meetings with the Kentuckians her husband represents in Congress.

Cracking down on cryptocurrency: Lawmakers want to know how Venezuelan leaders might be using digital currency to bypass U.S. sanctions. So they are calling on the Trump administrations currency leaders to come up with a way to figure out how Nicols Maduros regime could be leveraging digital assets to sidestep the U.S. rules.

Special Olympics spared from cuts: The Trump administration tried to kill the popular program in its budget. Education Secretary Betsy DeVos defended the cut before Congress. But after the administration faced backlash on social media and from lawmakers, President Donald Trump said he had overridden his people to restore funding for the games. Now, Special Olympics funding will rise to $20.1 million, a more than 14 percent boost.

No love for the Tesla crowd: Power companies wanted Congress to expand a $7,500 tax credit for buying an electric vehicle. But no such tweak was included, meaning people looking to buy electric rigs made by GM or Tesla cant get the tax credit because both companies have manufactured more than the cap of 200,000 electric vehicles.

Wary about that westward move: Lawmakers want more details on the Trump administrations plan to move the Bureau of Land Managements headquarters beyond the Beltway. So the spending package demands the Interior Department brief appropriators every month on the controversial plan to relocate the agency to Colorado.

Tribute time: The bill would put House Appropriations Chairwoman Nita Loweys (D-N.Y.) name on the federal program that supports learning centers geared toward helping kids during summer vacation, before school and after hours. Besides receiving a 4 percent funding boost, to $28 million, the program will now be called the "Nita M. Lowey 21st Century Community Learning Centers.

Hands off the Amtrak cops: Extra language was included that blocks Amtrak from shrinking its police force, after the federally subsidized rail operator said it planned to cut up to 20 percent of its cops who patrol aboard trains and at stations.

Jennifer Scholtes, Eric Wolff, Nicole Gaudiano, Natalie Fertig, Stephanie Beasley, Tanya Snyder, Ben Lefebvre, Victoria Guida and Kellie Mejdrich contributed to this report.

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Cannabis, corruption and cryptocurrency: All the weird stuff in the budget deal - POLITICO

Top banks process billions of dollars of cryptocurrency without knowing – Yahoo Finance

According to a new report by cryptocurrency intelligence firm CipherTrace, every top-10 retail bank in the US has unknowingly processed cryptocurrency transactions.

Banks are infamously wary of working with cryptocurrency companies, so its somewhat ironic that most of them are unwittingly processing billions of dollars worth of cryptocurrency payments.

The analysis revealed that the average large bank is currently processing as much as $2bn a year in undetected cryptocurrency-related transfers. This poses a clear threat to their AML and CTF compliance obligations.

You may be wondering how a large financial institution could process crypto payments without realising. Well, according to the CipherTrace Crypto Risk Intelligence Report for banks and financial institutions, many banks are dealing with unregistered cryptocurrency money service businesses (MSBs).

All of the top-10 retail banks in the US have received transactions from MSBs from their payment networks, which include cryptocurrency exchanges. These MSBs have thus far flown under the radar.

The data is particularly relevant since it highlights the fact that banks are ill-equipped to identify cryptocurrency exchanges and other virtual asset service providers (VASPs) as MSBs.

This causes a problem since the upcoming Financial Action Task Force (FATF) regulations and the existing US Bank Secrecy Act (BSA) Travel Rules require banks and financial institutions to clearly identify the MSBs they facilitate.

Financial institutions are exposed to cryptocurrency-related risks because they have no way to detect underlying threats, commented Dave Jevans, CEO of CipherTrace.

Its no secret that banks must undergo hefty AML and CTF compliance burdens. In fact, the lack of robust KYC/AML procedures is the main reason that the majority of banks refuse to work with cryptocurrency exchanges.

In order to meet their obligations, banks have many advanced tools in place to mitigate risks when it comes to conventional payments.

However, as the CipherTrace report reveals, they are not completely covered when it comes to virtual currencies using traditional payment rails like SWIFT and ACH networks.

Story continues

According to a press release, CipherTrace held a conference early last month regarding the Travel Rule and how well prepared banks were to comply with both BSA and the upcoming FATF regulation.

Representative of the US Treasurys Financial Action Task Force (FinCEN) Carole House reflected:

It would be interesting to know how many financial institutions operating in this space are able to identify a [crypto-business] recipient as a financial institution on the basis of its wallet reference number, or the other information that it currently has available to it.

As it turns out, not very well.

As well as helping banks to identify unregistered MSBs and reveal unknown risks from VASPs using bank payment systems, CipherTrace can also help identify dark web threats and achieve compliance.

Jevans said: CipherTrace has been working with the most advanced banking security teams throughout the year so they can mitigate their risks. CipherTrace Crypto Risk Intelligence now brings this capability to all banks and financial institutions.

The clock is ticking for major banks looking to avoid the hefty penalties of slacking on their compliance duties. FATF recommendations come into effect from June 2020.

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Top banks process billions of dollars of cryptocurrency without knowing - Yahoo Finance

Bitcoin Languishes at 3-Week Lows, Ethereum Erases Yearly Gains amid Mind-Boggling Crypto Correction – CCN.com

Bitcoins price printed fresh three-week lows on Tuesday, as fear and uncertainty continued to dictate the trend for the number one cryptocurrency. Now, bitcoin is veering towards a re-test of long-term psychological support, threatening to undermine almost a year of progress.

The bitcoin price plunged by nearly $200 in the span of a few minutes on Tuesday. The loss of the $7,000 support triggered a deeper fall all the way down to $6,584, the lowest in over three weeks. The nearly 4% loss puts bitcoin closer to the upper band of a key psychological range that tracks between $6,000 and $6,500.

At current values, bitcoin has a total market capitalization of $122.3 billion. Spot turnover was valued at just over $735 million, according to Bitwise tracking data. Volumes are well below levels seen through the spring and early summer when bitcoin was recovering from its previous low.

Accounting for 67.3% of the overall cryptocurrency market, bitcoin exerted a strong gravitational pull on other assets. The Tuesday selloff prompted a similar reaction across altcoins and tokens, sending the overall cryptocurrency market to its lowest level in over six months.

Digital asset values bottomed near $181.8 billion, the lowest since May, according to CoinMarketCap. Remarkably, the asset class has shed more than $180 billion from its June high.

With the exception of Tether (USDT), a stablecoin partially backed by U.S. dollars, all of the top cryptocurrencies reported declines on Tuesday. Ethereum (ETH) shed 6.5%, XRP plunged 10.% and bitcoin cash was down 9.4%.

Ethereums fall from grace is especially notable. The developers cryptocurrency touched an intraday low of $135.01, wiping out its gains for the year.

Bitcoin and the broader cryptocurrency market are languishing due to adoption constraints, regulatory uncertainty and an extremely bearish outlook among traders. Bitcoins Fear & Greed Index, a multi-factor sentiment analysis, is registering extreme fear on Tuesday.

Strategists warn that a perfect storm could be brewing for bitcoin as dismal trade volumes and a lack of institutional interest keep digital assets from reaching critical mass. Although Bakkt bitcoin futures have picked up in recent months, the highly-anticipated launch of the custody platform has failed to deliver as expected.

Economist and crypto analyst Alex Kruger has warned that Bakkt traders have very little interest in storing bitcoin. His research unveiled that the futures exchange is being used solely for speculative purposes. Even then, volumes remain razor thin.

Despite the recent correction, bitcoin remains the best-performing major asset of 2019. The digital currency is up more than 76% since Jan. 1 and is well on its way to setting a higher low for the year. Bitcoin has printed a higher yearly low in six of its last seven years.

This article was edited by Josiah Wilmoth.

Last modified: December 18, 2019 03:54 UTC

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Bitcoin Languishes at 3-Week Lows, Ethereum Erases Yearly Gains amid Mind-Boggling Crypto Correction - CCN.com

Cryptocurrency analytics has improved; so have the manipulators – AMBCrypto

Youve probably heard of the Pareto principle, or the 80/20 rule. To put it briefly, it suggests that 80 percent of the effects come from 20 percent of the causes. For cryptocurrency trading, the principle should be redefined as the 95/5 rule, or the Bitwise principle.

The crypto-asset management fund made headlines in the crypto-world and in mainstream-finance through its March 2019 report. Presented before the US Securities and Exchange Commission [SEC] the report stated that over 95 percent of the volume reported by cryptocurrency exchanges was fake or non-economic in nature.

For the most part, this wasnt a surprise to veterans of the field. However, for it to be put down in print, presented to a regulator, and have the number stare back at them, was a reality check.

While Bitwises report brought exchanges to a standstill, that wasnt its primary intention. The firm wanted to detail, to the regulators, the market was significantly smaller, more orderly and more regulated, which would build their case for a Bitcoin Exchange Traded Fund [ETF].

Despite their ETF application being shot down six months later, its report made major headway in the perception of exchange-volume. While exchanges are still running-around with flawed volume data, most investors are not looking at exchange order books to determine coin volume, price. Rather, their bookmarks are data-aggregator websites.

How volume is recorded on these websites is as important, if not more, than how an exchange determines it. Aggregators that consolidate the price and volume should act as data-integrity gatekeepers, rather than engage in a mere copy-paste work. In this regard, there has been an evolution in crypto-analytics, with companies taking a whole new approach to assessing an exchanges performance.

It should be noted that when Bitwise stated that 95 percent of the volume is fake, it was specifically referring to the data presented on CoinMarketCap [CMC], the premier crypto-data aggregator. The report highlighted the citation of CMCs data in a number of premier financial journals, and outrightly stated that CoinMarketCap.com data is wrong.

Skepticism around Bitwises claims was visibly absent, with many in the industry acknowledging CMCs failure to provide appropriate metrics to judge performance. Less than a week after the release of the report, CMCs then Global Head of Marketing, Carylyne Chan, told Bloomberg that new metrics would be introduced. Going with the principle of the more data the better, Chan stated,

We want to state that our philosophy is to provide as much information as possible to our users, so that they can form their own conclusions and interpretations.

CMC also rolled out an alliance Data Accountability & Transparency Alliance [DATA] consisting of top-cryptocurrency exchanges to provide suggestions combating fake volumes. The aggregator also mandated the provision of live trading and order book data, with a failure to report the same, within 45 days, resulting in its elimination from the calculation of adjusted volume.

Other market aggregators looked at this as a red-light and made amends. Messari launched Real 10 volumes on its OnChain FX dashboard, which recorded the volume of cryptos from the Real 10 exchanges, listed by Bitwise, which were Binance, Kraken, Bitfinex, Gemini, Coinbase, Poloneix, Bittrex, bitFlyer, Bitstamp, and itBit.

While data-market aggregators collectively tipped their hat to Bitwise and vowed to change, exchanges amplified their manipulation. This is the equivalent of dressing up a corpse; you cant hide the dead, even in a suit, or airbrushed charts for that matter.

In a later report, Bitwise stated that despite media coverage, the response from exchanges was bleak. Only 3 of the 73 exchanges named in the report responded to Bitwises queries. In the quarter following the publication of the March report, 9 exchanges saw a 90 percent drop in volume. Some exchanges even tweaked their volume to match the trade-histograms of real exchanges. Given below are changes to the volume of a little-known exchange, Coinsuper, with their periodic-volume-change,

While Bitwise admitted thatfake volume in reported Bitcoin trading data, was understood, the emphasis of this to many investors, especially the uninitiated, was absent. With exchanges not living up to the change in their name, the onus shifted to the avenues bridging the gap between investors and the exchanges.

While many criticized CMC for not doing enough to combat exchanges faking their volume, others stated, the incentives for reporting inflated numbers were too high. Gerald Chee, Head of Research at CoinMarketCap, told AMBCrypto that exchanges used a process called transaction mining to benefit from inflated volumes. CMC noticed this as it was rising and attributed it to exchanges rewarding users with tokens, incentivizing the number of trades from a single user.

The problem started there and soon, other exchanges realized that by having higher volumes, they would rank higher on CoinMarketCap, which was probably the biggest marketing tool available to them.

One way to combat this, as CMC stated after the publication of the report, was to introduce liquidity rankings. On 11 November, six months after Chans conversation with Bloomberg, she unveiled the liquidity metrics which would be difficult to game, as adding an order will be weighted based on their proximity to current market prices.

Liquidity stemming from a single exchange is the root cause of the usage of volume as a metric and hence, CMC decided to design and adopt a Liquidity metric instead, said Chee. Since market players decided to look at volume emanating from real exchanges, Chee clarified that if CMC would adopt this, it would give an impression of bias. Dividing the playing field between regulations and de-regulated exchanges, he stated that CMC does not want to single-handedly decide which exchanges lie in which category. He stated,

Having a Real 10 would essentially require us to make a judgment call as to only accept regulated exchanges within the index. This will inadvertently give the impression that CoinMarketCap favours the regulated exchanges, while thetruth is that some deregulated exchanges also play a major role in the cryptocurrency industry.

Rather than poking the process of price discovery, the motivation behind this metric was to point out the origin of liquidity. Furthermore, Chee stated that several cryptocurrencies listed on CMC do not trade on these exchanges and hence, it is moot for the website to have such a metric.

While liquidity is a key factor in assessing performance, other key metrics can add to the perception of an exchanges health and the safety of investor funds. Two metrics mentioned by Chan, in the immediate aftermath of the report, were web-traffic data and wallet reserves.

Two months after CMC was called out by Bitwise, aggregator-rival CoinGecko released Trust Score, a rating algorithm to combat fake trading volume. CoinGeckos Co-founder Bobby Ong told AMBCrypto that the aim with Trust Score was to determine the exchange with the best real liquidity for users to best trade at, looking at the order book and web-traffic data.

In September, CoinGecko upgraded Trust Score with a few additions. The aim of this upgrade was for the rankings to be much more independent of an exchanges reported volume.

Breaking it down, Liquidity will hold 50 percent weightage, looking at Normalized-Reported Volume Ratio [calculated using web-traffic data and real 10 exchanges volume as median], bid-ask spread, and trading pair ratio. An exchanges scale of operations will account for 30 percent weightage based on volume and order-book depth. API Technical Coverage holding 20 percent weightage will account for tickers data, historical trade data, candlestick OHLC, etc.

Two key stats will not feature in rank-determination, but will be used in future Trust Score algorithm updates exchanges reserves, using Bitfurys Crystal Blockchain to conduct on-chain analysis reserves, and Coinfirms AMLT Network to ascertain an exchanges regulatory compliance, including licenses, KYC measures, and negative news received.

While platforms are veering towards incorporating a slew of metrics to better analyze exchanges, CMC is sticking with liquidity. Chee stated that the premiere data aggregator does not want to discount volumes. In his words,

We felt that the use of our Liquidity metric substitutes the biggest use-case for Volumes perfectly, using other secondary metrics to discount volumes is unnecessary.

On the necessity or lack thereof of web-traffic data, Chee is unconvinced of a strong correlation between the two. He added that most volumes come from professional users, while web-traffic is only inflated by retail traders. The latter might bring in the traffic, but not volume and hence is erroneous from a statistical perspective.

An audit of wallet reserves, rather than merely stating coins-held-on-address, will prove beneficial as an exchange-metric. This system would not compromise exchange security, and would not result in a whos richer contest.

Liquidity is quite clearly the most important metric to judge an exchanges performance and health, but surrounding metrics help build the case. CMC, while admitting this is an uphill battle, said that it is one they want to solve, but by focusing on the end of the information cycle, the consumption by customers.

Chee stated that the platform is in the midst of creating infographics to understand this message, which presumably, will look at liquidity above everything else. He added,

At the end of the day, we firmly believe that liquidity is the single most important variable for any financial market, crypto or otherwise.The job is to get everyone to understand this, not just the sophisticated traders and investors.

Speaking on the notion of sophistication, it does matter if the consumer of said information is an average Joe diversifying his portfolio, or a pre-2017 veteran trader. Furthermore, the notion of the more data the better for investors will serve insofar as their ability to understand it.

Chee pointed out that the investor-mindset-shift from volume to liquidity will take time, and according to Mati Greenspan, Founder of Quantum Economics, it will take 3 months to be exact and it will cost 10,000. In his 11 December newsletter, Greenspan questioned if the liquidity metric could be gamed.

This would result in a cat and mouse problem, with CMC focusing on educating investors on the new metric, while exchanges figure out a way around it. Greenspan took the hard-line stance, but a sensible one according to many.

The only real way to solve the issue is to fix it at the root. Make sure the exchanges are reporting honestly. This can be done in a number of ways and would no doubt be hastened if CMC were to take a hard line stance and delist exchanges who are caught in the act of false reporting.

Highlighting no specific metric in particular, Greenspan told AMBCrypto that the simple principle of the more data the better always works, and this greater transparency would result in the survival of the industry. A few tips laid out by the veteran trader were do your own research [DYOR], verify immediate results on search-engines/SimilarWeb and check leverage any site that offers too much leverage is probably not a great place as youre more than likely to lose your money.

Whether its liquidity, order book data, or web-traffic, data-aggregators are simply running pillar-to-post to vet exchanges. Given the incentives of faking volume to attract gullible investors and receive free-marketing on websites like CMC and CoinGecko, exchanges will continue to game the system.

Delisting exchanges, or coins for that matter, was a heated debate back in April following Bitcoin SVs ousting on Binance and Kraken, given the de-centrality ethos of the market. In this matter, delisting exchanges that continually purport fake volume and misrepresent facts to mislead investors seems to be the only option. CMC is no stranger to this method; in 2018, the website delisted several South Korean exchanges due to extreme divergence in prices and even removed Bitfinex from the calculation of BTCs price during its legal trouble with the NYAG.

Aggregators can continue to craft efficient metrics to provide a clear picture of an exchanges health, but until the root cause is not done away with, its one step forward, two steps back.

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Cryptocurrency analytics has improved; so have the manipulators - AMBCrypto

If Devin Nunes wants to call the FBI ‘dirty cops’, he better be ready to propose a solution – The Independent

The Justice Department Inspector General's report is now out, and it details some wrongdoing on the part of the FBI. Whether that wrongdoing was done deliberately or due to just overall sloppiness and carelessness is left to be seen. So now what?

The IG "identified at least 17 significant errors or omissions in the Carter Page FISA applications" and found a Justice Department attorney altered documents. In other words, it revealed a mess that requires serious cleanup and not from within the department.

Sharing the full story, not just the headlines

If Rep. Devin Nunes wants to refer to the FBI and other members of the Justice Department as "dirty cops" who are creating "spy rings" from within to help take down a president he'd better be prepared to start looking at how the House can begin to take back its oversight role particularly since he's the ranking member of the Intelligence Committee.

The same goes for Democrats, long considered the party that abhors the surveillance state. They shed a lot of credibility during the Obama administration when they refused to rise and condemn the administration's drone war and NSA spying, as well as government-sanctioned spying on the Associated Press and the surveillance of then-Fox News reporter, James Rosen.

The Foreign Intelligence Services Act (FISA) still has some value. Unfortunately, it was another example of Congress relinquishing its power and putting it in the hands of the judiciary. That presents a situation in which it becomes easier for law enforcement agencies to make mistakes and abuse their authority.

After all, if it's a judiciary decision, it becomes easy to excuse wrongdoing by saying, "Well, a court gave us the OK to do it, so it's fine." People who defend the current structure argue, "Shouldn't someone be checking to make sure the process isn't getting abused?" No one is claiming it should not; however, the proper venue for that oversight is not in courts who settle legal disputes but in Congress, which has the power of oversight for the bills it passes and the president signs into law.

Republican Devin Nunes lists off conspiracy theories in opening remarks of Trump impeachment hearing

Neither party is willing to make that jump without a push, and why should they? After all, Congress is happy to abdicate its oversight role when the party in the White House matches the party in control of the legislative chamber. Republicans who tore their hair out over Obama flexing executive muscle found themselves laughably defending President Trump's power-grab for funding for his border wall.

Where national security is concerned, a willingness to defer such matters to the law enforcement agencies and the courts makes it easier for them to sound righteously angry during Congressional testimony while studiously avoiding offering any solutions at all

Two Republicans, Reps. Chris Stewart of Utah, and Brad Wenstrup of Ohio, recently introduced the FISA Improvements Act. The purpose of the bill is to restore power to Congress where FISA is concerned. Whether the proposal aims for real reform, or is more a partisan political tool, remains to be seen.

There's no doubt the actions by a small group of FBI agents and other Justice Department officials did a lot of harm to the agencies involved through their conduct during the Russia investigation. Just as the public wants a fair but dutiful action to take place in the wake of police department scandals, the same should go for the federal government.

Accused of abusing his office by pressing the Ukrainian president in a July phone call to help dig up dirt on Joe Biden, who may be his Democratic rival in the 2020 election. He also believes that Hillary Clintons deleted emails - a key factor in the 2016 election - may be in Ukraine, although it is not clear why.

EPA

Believed to be a CIA agent who spent time at the White House, his complaint was largely based on second and third-hand accounts from worried White House staff. Although this is not unusual for such complaints, Trump and his supporters have seized on it to imply that his information is not reliable.Expected to give evidence to Congress voluntarily and in secret.

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The lawyer for the first intelligence whistleblower is also representing a second whistleblower regarding the President's actions. Attorney Mark Zaid said that he and other lawyers on his team are now representing the second person, who is said to work in the intelligence community and has first-hand knowledge that supports claims made by the first whistleblower and has spoken to the intelligence community's inspector general. The second whistleblower has not yet filed their own complaint, but does not need to to be considered an official whistleblower.

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Former mayor of New York, whose management of the aftermath of the September 11 attacks in 2001 won him worldwide praise. As Trumps personal attorney he has been trying to find compromising material about the presidents enemies in Ukraine in what some have termed a shadow foreign policy.In a series of eccentric TV appearances he has claimed that the US state department asked him to get involved. Giuliani insists that he is fighting corruption on Trumps behalf and has called himself a hero.

AP

The newly elected Ukrainian president - a former comic actor best known for playing a man who becomes president by accident - is seen frantically agreeing with Trump in the partial transcript of their July phone call released by the White House.With a Russian-backed insurgency in the east of his country, and the Crimea region seized by Vladimir Putin in 2014, Zelensky will have been eager to please his American counterpart, who had suspended vital military aid before their phone conversation.He says there was no pressure on him from Trump to do him the favour he was asked for.Zelensky appeared at an awkward press conference with Trump in New York during the United Nations general assembly, looking particularly uncomfortable when the American suggested he take part in talks with Putin.

AFP/Getty

The vice-president was not on the controversial July call to the Ukrainian president but did get a read-out later.However, Trump announced that Pence had had one or two phone conversations of a similar nature, dragging him into the crisis. Pence himself denies any knowledge of any wrongdoing and has insisted that there is no issue with Trumps actions.It has been speculated that Trump involved Pence as an insurance policy - if both are removed from power the presidency would go to Democratic House Speaker Nancy Pelosi, something no Republican would allow.

AP

Trump reportedly told a meeting of Republicans that he made the controversial call to the Ukrainian president at the urging of his own energy secretary, Rick Perry, and that he didnt even want to.The president apparently said that Perry wanted him to talk about liquefied natural gas - although there is no mention of it in the partial transcript of the phone call released by the White House. It is thought that Perry will step down from his role at the end of the year.

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The former vice-president is one of the frontrunners to win the Democratic nomination, which would make him Trumps opponent in the 2020 election.Trump says that Biden pressured Ukraine to sack a prosecutor who was investigating an energy company that Bidens son Hunter was on the board of, refusing to release US aid until this was done.However, pressure to fire the prosecutor came on a wide front from western countries. It is also believed that the investigation into the company, Burisma, had long been dormant.

Reuters

Joe Bidens son has been accused of corruption by the president because of his business dealings in Ukraine and China. However, Trump has yet to produce any evidence of corruption and Bidens lawyer insists he has done nothing wrong.

AP

The attorney-general, who proved his loyalty to Trump with his handling of the Mueller report, was mentioned in the Ukraine call as someone president Volodymyr Zelensky should talk to about following up Trumps preoccupations with the Bidens and the Clinton emails.Nancy Pelosi has accused Barr of being part of a cover-up of a cover-up.

AP

The secretary of state initially implied he knew little about the Ukraine phone call - but it later emerged that he was listening in at the time. He has since suggested that asking foreign leaders for favours is simply how international politics works.Gordon Sondland testified that Pompeo was "in the loop" and knew what was happening in Ukraine. Pompeo has been criticised for not standing up for diplomats under his command when they were publicly criticised by the president.

AFP via Getty

The Democratic Speaker of the House had long resisted calls from within her own party to back a formal impeachment process against the president, apparently fearing a backlash from voters. On September 24, amid reports of the Ukraine call and the day before the White House released a partial transcript of it, she relented and announced an inquiry, saying: The president must be held accountable. No one is above the law.

Getty

Democratic chairman of the House intelligence committee, one of the three committees leading the inquiry.He was criticized by Republicans for giving what he called a parody of the Ukraine phone call during a hearing, with Trump and others saying he had been pretending that his damning characterisation was a verbatim reading of the phone call.He has also been criticised for claiming that his committee had had no contact with the whistleblower, only for it to emerge that the intelligence agent had contacted a staff member on the committee for guidance before filing the complaint.The Washington Post awarded Schiff a four Pinocchios rating, its worst rating for a dishonest statement.

Reuters

Florida-based businessmen and Republican donors Lev Parnas (pictured with Rudy Giuliani) and Igor Fruman were arrested on suspicion of campaign finance violations at Dulles International Airport near Washington DC on 9 October.Separately the Associated Press has reported that they were both involved in efforts to replace the management of Ukraine's gas company, Naftogaz, with new bosses who would steer lucrative contracts towards companies controlled by Trump allies. There is no suggestion of any criminal activity in these efforts.

Reuters

The most senior US diplomat in Ukraine and the former ambassador there. As one of the first two witnesses in the public impeachment hearings, Taylor dropped an early bombshell by revealing that one of his staff later identified as diplomat David Holmes overheard a phone conversation in which Donald Trump could be heard asking about investigations the very day after asking the Ukrainian president to investigate his political enemies. Taylor expressed his concern at reported plans to withhold US aid in return for political smears against Trumps opponents, saying: It's one thing to try to leverage a meeting in the White House. It's another thing, I thought, to leverage security assistance -- security assistance to a country at war, dependent on both the security assistance and the demonstration of support."

Getty Images

A state department official who appeared alongside William Taylor wearing a bow tie that was later mocked by the president. He accused Rudy Giuliani, Mr Trumps personal lawyer, of leading a campaign of lies against Marie Yovanovitch, who was forced out of her job as US ambassador to Ukraine for apparently standing in the way of efforts to smear Democrats.

Getty Images

One of the most striking witnesses to give evidence at the public hearings, the former US ambassador to Ukraine received a rare round of applause as she left the committee room after testifying. Canadian-born Yovanovitch was attacked on Twitter by Donald Trump while she was actually testifying, giving Democrats the chance to ask her to respond. She said she found the attack very intimidating. Trump had already threatened her in his 25 July phone call to the Ukrainian president saying: Shes going to go through some things.Yovanovitch said she was shocked, appalled and devastated by the threat and by the way she was forced out of her job without explanation.

REUTERS

A decorated Iraq War veteran and an immigrant from the former Soviet Union, Lt Col Vindman began his evidence with an eye-catching statement about the freedoms America afforded him and his family to speak truth to power without fear of punishment.One of the few witnesses to have actually listened to Trumps 25 July call with the Ukrainian president, he said he found the conversation so inappropriate that he was compelled to report it to the White House counsel. Trump later mocked him for wearing his military uniform and insisting on being addressed by his rank.

Getty Images

A state department official acting as a Russia expert for vice-president Mike Pence, Ms Williams also listened in on the 25 July phone call. She testified that she found it unusual because it focused on domestic politics in terms of Trump asking a foreign leader to investigate his political opponents.

Getty Images

The former special envoy to Ukraine was one of the few people giving evidence who was on the Republican witness list although what he had to say may not have been too helpful to their cause. He dismissed the idea that Joe Biden had done anything corrupt, a theory spun without evidence by the president and his allies. He said that he thought the US should be supporting Ukraines reforms and that the scheme to find dirt on Democrats did not serve the national interest.

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An expert on the National Security Council and another witness on the Republican list. He testified that he did not think the president had done anything illegal but admitted that he feared it would create a political storm if it became public. He said he believed the moving the record of the controversial 25 July phone call to a top security server had been an innocent mistake.

Getty Images

In explosive testimony, one of the men at the centre of the scandal got right to the point in his opening testimony: Was there a quid pro quo? Yes, said the US ambassador to the EU who was a prime mover in efforts in Ukraine to link the release of military aid with investigations into the presidents political opponents. He said that everyone knew what was going on, implicating vice-president Mike Pence and secretary of state Mike Pompeo. The effect of his evidence is perhaps best illustrated by the reaction of Mr Trump who went from calling Sondland a great American a few weeks earlier to claiming that he barely knew him.

AP

A Pentagon official, Cooper said Ukrainian officials knew that US aid was being withheld before it became public knowledge in August undermining a Republican argument that there cant have been a quid pro quo between aid and investigations if the Ukrainians didnt know that aid was being withheld.

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The third most senior official at the state department. Hale testified about the treatment of Marie Yovanovitch and the smear campaign that culminated in her being recalled from her posting as US ambassador to Ukraine. He said: I believe that she should have been able to stay at post and continue to do the outstanding work.

EPA

Arguably the most confident and self-possessed of the witnesses in the public hearings phase, the Durham-born former NSC Russia expert began by warning Republicans not to keep repeating Kremlin-backed conspiracy theories. In a distinctive northeastern English accent, Dr Hill went on to describe how she had argued with Gordon Sondland about his interference in Ukraine matters until she realised that while she and her colleagues were focused on national security, Sondland was being involved in a domestic political errand.She said: I did say to him, Ambassador Sondland, Gordon, this is going to blow up. And here we are.

AP

The Ukraine-based diplomat described being in a restaurant in Kiev with Gordon Sondland while the latter phoned Donald Trump. Holmes said he could hear the president on the other end of the line because his voice was so loud and distinctive and because Sondland had to hold the phone away from his ear asking about the investigations and whether the Ukrainian president would cooperate.

REUTERS

Accused of abusing his office by pressing the Ukrainian president in a July phone call to help dig up dirt on Joe Biden, who may be his Democratic rival in the 2020 election. He also believes that Hillary Clintons deleted emails - a key factor in the 2016 election - may be in Ukraine, although it is not clear why.

EPA

Believed to be a CIA agent who spent time at the White House, his complaint was largely based on second and third-hand accounts from worried White House staff. Although this is not unusual for such complaints, Trump and his supporters have seized on it to imply that his information is not reliable.Expected to give evidence to Congress voluntarily and in secret.

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The lawyer for the first intelligence whistleblower is also representing a second whistleblower regarding the President's actions. Attorney Mark Zaid said that he and other lawyers on his team are now representing the second person, who is said to work in the intelligence community and has first-hand knowledge that supports claims made by the first whistleblower and has spoken to the intelligence community's inspector general. The second whistleblower has not yet filed their own complaint, but does not need to to be considered an official whistleblower.

Getty

Former mayor of New York, whose management of the aftermath of the September 11 attacks in 2001 won him worldwide praise. As Trumps personal attorney he has been trying to find compromising material about the presidents enemies in Ukraine in what some have termed a shadow foreign policy.In a series of eccentric TV appearances he has claimed that the US state department asked him to get involved. Giuliani insists that he is fighting corruption on Trumps behalf and has called himself a hero.

AP

The newly elected Ukrainian president - a former comic actor best known for playing a man who becomes president by accident - is seen frantically agreeing with Trump in the partial transcript of their July phone call released by the White House.With a Russian-backed insurgency in the east of his country, and the Crimea region seized by Vladimir Putin in 2014, Zelensky will have been eager to please his American counterpart, who had suspended vital military aid before their phone conversation.He says there was no pressure on him from Trump to do him the favour he was asked for.Zelensky appeared at an awkward press conference with Trump in New York during the United Nations general assembly, looking particularly uncomfortable when the American suggested he take part in talks with Putin.

AFP/Getty

The vice-president was not on the controversial July call to the Ukrainian president but did get a read-out later.However, Trump announced that Pence had had one or two phone conversations of a similar nature, dragging him into the crisis. Pence himself denies any knowledge of any wrongdoing and has insisted that there is no issue with Trumps actions.It has been speculated that Trump involved Pence as an insurance policy - if both are removed from power the presidency would go to Democratic House Speaker Nancy Pelosi, something no Republican would allow.

AP

Trump reportedly told a meeting of Republicans that he made the controversial call to the Ukrainian president at the urging of his own energy secretary, Rick Perry, and that he didnt even want to.The president apparently said that Perry wanted him to talk about liquefied natural gas - although there is no mention of it in the partial transcript of the phone call released by the White House. It is thought that Perry will step down from his role at the end of the year.

Getty

The former vice-president is one of the frontrunners to win the Democratic nomination, which would make him Trumps opponent in the 2020 election.Trump says that Biden pressured Ukraine to sack a prosecutor who was investigating an energy company that Bidens son Hunter was on the board of, refusing to release US aid until this was done.However, pressure to fire the prosecutor came on a wide front from western countries. It is also believed that the investigation into the company, Burisma, had long been dormant.

Reuters

Joe Bidens son has been accused of corruption by the president because of his business dealings in Ukraine and China. However, Trump has yet to produce any evidence of corruption and Bidens lawyer insists he has done nothing wrong.

AP

The attorney-general, who proved his loyalty to Trump with his handling of the Mueller report, was mentioned in the Ukraine call as someone president Volodymyr Zelensky should talk to about following up Trumps preoccupations with the Bidens and the Clinton emails.Nancy Pelosi has accused Barr of being part of a cover-up of a cover-up.

AP

The secretary of state initially implied he knew little about the Ukraine phone call - but it later emerged that he was listening in at the time. He has since suggested that asking foreign leaders for favours is simply how international politics works.Gordon Sondland testified that Pompeo was "in the loop" and knew what was happening in Ukraine. Pompeo has been criticised for not standing up for diplomats under his command when they were publicly criticised by the president.

AFP via Getty

The Democratic Speaker of the House had long resisted calls from within her own party to back a formal impeachment process against the president, apparently fearing a backlash from voters. On September 24, amid reports of the Ukraine call and the day before the White House released a partial transcript of it, she relented and announced an inquiry, saying: The president must be held accountable. No one is above the law.

Getty

Democratic chairman of the House intelligence committee, one of the three committees leading the inquiry.He was criticized by Republicans for giving what he called a parody of the Ukraine phone call during a hearing, with Trump and others saying he had been pretending that his damning characterisation was a verbatim reading of the phone call.He has also been criticised for claiming that his committee had had no contact with the whistleblower, only for it to emerge that the intelligence agent had contacted a staff member on the committee for guidance before filing the complaint.The Washington Post awarded Schiff a four Pinocchios rating, its worst rating for a dishonest statement.

Reuters

Florida-based businessmen and Republican donors Lev Parnas (pictured with Rudy Giuliani) and Igor Fruman were arrested on suspicion of campaign finance violations at Dulles International Airport near Washington DC on 9 October.Separately the Associated Press has reported that they were both involved in efforts to replace the management of Ukraine's gas company, Naftogaz, with new bosses who would steer lucrative contracts towards companies controlled by Trump allies. There is no suggestion of any criminal activity in these efforts.

Reuters

The most senior US diplomat in Ukraine and the former ambassador there. As one of the first two witnesses in the public impeachment hearings, Taylor dropped an early bombshell by revealing that one of his staff later identified as diplomat David Holmes overheard a phone conversation in which Donald Trump could be heard asking about investigations the very day after asking the Ukrainian president to investigate his political enemies. Taylor expressed his concern at reported plans to withhold US aid in return for political smears against Trumps opponents, saying: It's one thing to try to leverage a meeting in the White House. It's another thing, I thought, to leverage security assistance -- security assistance to a country at war, dependent on both the security assistance and the demonstration of support."

Getty Images

A state department official who appeared alongside William Taylor wearing a bow tie that was later mocked by the president. He accused Rudy Giuliani, Mr Trumps personal lawyer, of leading a campaign of lies against Marie Yovanovitch, who was forced out of her job as US ambassador to Ukraine for apparently standing in the way of efforts to smear Democrats.

Getty Images

One of the most striking witnesses to give evidence at the public hearings, the former US ambassador to Ukraine received a rare round of applause as she left the committee room after testifying. Canadian-born Yovanovitch was attacked on Twitter by Donald Trump while she was actually testifying, giving Democrats the chance to ask her to respond. She said she found the attack very intimidating. Trump had already threatened her in his 25 July phone call to the Ukrainian president saying: Shes going to go through some things.Yovanovitch said she was shocked, appalled and devastated by the threat and by the way she was forced out of her job without explanation.

REUTERS

A decorated Iraq War veteran and an immigrant from the former Soviet Union, Lt Col Vindman began his evidence with an eye-catching statement about the freedoms America afforded him and his family to speak truth to power without fear of punishment.One of the few witnesses to have actually listened to Trumps 25 July call with the Ukrainian president, he said he found the conversation so inappropriate that he was compelled to report it to the White House counsel. Trump later mocked him for wearing his military uniform and insisting on being addressed by his rank.

Getty Images

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If Devin Nunes wants to call the FBI 'dirty cops', he better be ready to propose a solution - The Independent

Open source in 2020: The future looks bright – TechRepublic

Jack Wallen offers up predictions on open source, Linux, docker engines, automation, and more for the coming year.

Image: Getty Images/iStockphoto

Mirror, mirror on the wall.

Wait; wrong glass.

Crystal, crystal on my table, predict for me if you are able.

Much better.

It's all about open source this time. The year is 2020. The future looks bright and my shades are preppped and ready. Shall we prognosticate?

SEE: 2020 IT budget research report: Security, cloud services, and digitalization are top budget priorities (TechRepublic Premium)

It's not often I predict that one Linux distribution might change the landscape of open source, but everything I've seen and heard about the upcoming release for Deepin Linux has me thinking this could be the one. The developers of Deepin 15.11 are planning to release a feature that could shift the tectonic plates of Linux distributions. That feature is Deepin Cloud Sync.

This feature will sync system settings--of your choosing--to the cloud. For instance, you could install another instance of the OS, connect it to your Deepin Cloud Sync account, and have that new instance of the OS automatically sync your settings. Imagine how much time that would save for the rollout of multiple desktop instances. Couple that with how gorgeous the Deepin desktop is, and you have something special.

Deepin Linux is going to turn heads, and many users will jump the ship of their favorite distribution.

SEE: Top five open source Linux server distributions (TechRepublic Premium)

This one has been a long time in the making. It's a slow burn, slow clap moment that will help Linux in its rise in market share--maybe even reaching near double digits for the first time. What is this remarkable moment? I believe more OEMs will start selling machines with Linux pre-installed.

We already have System76, Dell, Pine64, Lenovo, ThinkPenguin, Star LabTop, and more, and by the end of 2020, I predict we'll see not only a rise in smaller OEMs (mostly rebranding Clevo hardware) with pre-installed Linux, but some larger OEMs as well. I am expecting Acer, HP, and ASUS to jump into the fray, so when 2020 comes to a close, don't be surprised if every desktop and laptop manufacturer on the planet offers a Linux version of some of its hardware.

Let's face it, there's not much about enterprise business that open source doesn't dominate--it's everywhere. It's in the cloud, containers, big data, Internet of Things (IoT), edge computing--you name it--and open source is leading that charge. If there's one area Linux has yet to conquer in the enterprise domain, it's the desktop, but be prepared for that to change--at least on a small scale--by the end of 2020.

The cause will be security. I predict another rise in Windows ransomware attacks, which will lead some businesses to look for a more reliable alternative: Linux. Companies realizing how much of the workflow and bottom line depends upon open source may also drive this shift. I realize most of us pundits have been saying this for years, but 2020 could see a perfect storm bringing the change we've hoped for.

SEE: Predicting 2020 trends across DesignOps, AppDev, AI, IoT and 5G (TechRepublic)

I'm not talking about Docker the company (although I do have my fingers crossed it will find solid footing this year). I'm talking about docker the engine that launched the popularity of the container as it is now. 2019 wasn't kind to docker--Kubernetes became the container orchestrator of choice--but I believe there are going to be developments with the docker engine that will bring it on par with Kubernetes.

These developments could consist of more powerful, user-friendly docker swarm tools or a new client tool to make orchestrating docker clusters easy. In the end, what will drive the comeback of docker is an ease of administration. As Kubernetes gets more powerful, it also becomes more complicated. If docker can reclaim simplicity--while maintaining its power and flexibility--it will regain some much-needed market share.

SEE: What is Kubernetes? (free PDF) (TechRepublic)

This prediction comes from the fiction writing side of my brain. You've been warned.

Thanks to the drive for more efficient CI/CD pipelines, we've witnessed a rise in impressive automation. With the help of Helm, Terraform, and other Kubernetes-centric tools, we can create systems that update themselves, test code and refuse to promote it to production (if there's a problem), and much more.

In 2020, open source automation will come near the realm of fiction, with systems that "think" for themselves, and for the first time we'll experience a system that optimizes itself based on experience (from AI) and prediction. The big questions are: How far will these systems go with the tasks, and will we be able to shut them down once they pass some unknown event horizon? You might scoff at the notion, but the more you look down the rabbit hole of CI/CD, the more plausible it becomes.

SEE: Forrester: The 5 IoT predictions paving the way for 2020 (TechRepublic)

NVIDIA announced it has a big surprise in store for Linux in 2020. Those outside the open source loop may not understand how big this could be, but I believe NVIDIA plans on doing one of two things: Contributing to the Nouveau drivers, or open source its official NVIDIA drivers. Why? I think NVIDIA sees the writing on the wall, and getting on board with Linux is the only way forward.

This will be a huge win for Linux for two reasons: The Nouveau driver has never been all that great for gaming; if NVIDIA started contributing to the Nouveau drivers or open sourced its official drivers, it could be a boon to gaming on the Linux desktops and spike a rise in Linux popularity. Gamers would love a platform that is more reliable and secure than Windows. Give them the option, and we'll see Linux not only crash through that double-digit market share but maybe overtake macOS for that coveted second place.

On a personal note, thank you for continuing to read my words and supporting open source software and TechRepublic. I hope you have a productive, outstanding, and joyous year.

You don't want to miss our tips, tutorials, and commentary on the Linux OS and open source applications. Delivered Tuesdays

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Open source in 2020: The future looks bright - TechRepublic

National Science Foundation Awards Grant to Develop Next-Generation Cloud Computing Testbed Powered by Red Hat – Business Wire

RALEIGH, N.C.--(BUSINESS WIRE)--Red Hat, Inc., the world's leading provider of open source solutions, today announced that the National Science Foundation (NSF) Division of Computer and Network Systems has awarded a grant to a research team from Boston University, Northeastern University and the University of Massachusetts Amherst (UMass) to help fund the development of a national cloud testbed for research and development of new cloud computing platforms.

The testbed, known as the Open Cloud Testbed, will integrate capabilities previously developed for the CloudLab testbed into the Massachusetts Open Cloud (MOC), a production cloud developed collaboratively by academia, government, and industry through a partnership anchored at Boston Universitys Hariri Institute for Computing. As a founding industry partner and long-time collaborator on the MOC project, Red Hat will work with Northeastern University and UMass, as well as other government and industry collaborators, to build the national testbed on Red Hats open hybrid cloud technologies.

Testbeds such as the one being constructed by the research team, are critical for enabling new cloud technologies and making the services they provide more efficient and accessible to a wider range of scientists focusing on research in computer systems and other sciences.

By combining open source technologies and a production cloud enhanced with programmable hardware through field-programmable gate arrays (FPGAs), the project aims to close a gap in computing capabilities currently available to researchers. As a result, the testbed is expected to help accelerate innovation by enabling greater scale and increased collaboration between research teams and open source communities. Red Hat researchers plan to contribute to active research in the testbed, including a wide range of projects on FPGA hardware tools, middleware, operating systems and security.

Beyond this, the project also aims to identify, attract, educate and retain the next generation of researchers in this field and accelerate technology transfer from academic research to practical use via collaboration with industry partners such as Red Hat.

Since its launch in 2014, Red Hat has served as a core partner of the MOC, which brings together talent and technologies from various academic, government, non-profit, and industry organizations to collaboratively create an open, production-grade public cloud suitable for cutting-edge research and development. The MOCs open cloud stack is based on Red Hat Enterprise Linux, Red Hat OpenStack Platform and Red Hat OpenShift.

Beyond creating the national testbed, the grant will also extend Red Hats collaboration with Boston University researchers to develop self-service capabilities for the MOCs cloud resources. For example, via contributions to the OpenStack bare metal provisioning program (Ironic), the collaboration aims to produce production quality Elastic Secure Infrastructure (ESI) software, a key piece to enabling more flexible and secure resource sharing between different datacenter clusters. And by sharing new developments that enable moving resources between bare metal machines and Red Hat OpenStack or Kubernetes clusters in open source communities such as Ironic or Ansible, Red Hat and the MOCs researchers are helping to advance technology well beyond the Open Cloud Testbed.

Supporting Quotes

Michael Zink, associate professor, Electrical and Computer Engineering (ECE), University of Massachusetts AmherstThis testbed will help accelerate innovation in cloud technologies, technologies affecting almost all of computing today. By providing capabilities that currently are only available to researchers within a few large commercial cloud providers, the new testbed will allow diverse communities to exploit these technologies, thus democratizing cloud-computing research and allowing increased collaboration between the research and open-source communities. We look forward to continuing the collaboration in MOC to see what we can accomplish with the testbed.

Orran Krieger, professor of Electrical and Computer Engineering, Boston University; co-director, Red Hat Collaboratory; PI, Massachusetts Open CloudAn important part of the MOC has always been to enable cloud computing research by the academic community. This project dramatically expands our ability to support researchers both by providing much richer capabilities and by expanding from a regional to a national community of researchers.

Chris Wright, senior vice president and chief technology officer, Red HatThis grant and the work being done by the MOC show how open source solutions can positively impact real-world challenges outside of enterprise data centers. Red Hat is no stranger to pioneering new ways in which open source software can be used for innovative research, and we are pleased to help drive this initiative in bringing open cloud technologies to a wider range of disciplines, from social sciences to physics, while also continuing our commitment to the next generation of open source practitioners.

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About Red Hat, Inc.

Red Hat is the worlds leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.

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Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the ability of the Company to compete effectively; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; delays or reductions in information technology spending; the integration of acquisitions and the ability to market successfully acquired technologies and products; risks related to errors or defects in our offerings and third-party products upon which our offerings depend; risks related to the security of our offerings and other data security vulnerabilities; fluctuations in exchange rates; changes in and a dependence on key personnel; the effects of industry consolidation; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to meet financial and operational challenges encountered in our international operations; and ineffective management of, and control over, the Company's growth and international operations, as well as other factors. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.

Red Hat, Red Hat Enterprise Linux, the Red Hat logo, and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries. Linux is the registered trademark of Linus Torvalds in the U.S. and other countries. The OpenStack Word Mark is either a registered trademark/service mark or trademark/service mark of the OpenStack Foundation, in the United States and other countries, and is used with the OpenStack Foundation's permission. Red Hat is not affiliated with, endorsed or sponsored by the OpenStack Foundation, or the OpenStack community.

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National Science Foundation Awards Grant to Develop Next-Generation Cloud Computing Testbed Powered by Red Hat - Business Wire