Encryption Software Market: Size, Share & Trends Analysis Report by Product Types, And Applications Forecast To 2026 – 3rd Watch News

Encryption software is a type of security program that enables encryption and decryption of data to prevent unauthorized access to digital information. In the present business scenario, the majority of organizations worldwide are adopting encryption to address their growing concerns about data safety and data privacy compliance regulations. This has stimulated the growth of the market on a global scale. With rising concern for critical data loss in the on-premises environment, risk on cloud environment due to exploitation of Big Data analytics and regulatory compliance to increase the adoption of encryption software are the major growth drivers of the market. In addition, data protection and data privacy compliance are becoming high priority concerns for organizations. This has accelerated the adoption of encryption software application among various enterprises. It is considered to be one of the key growth drivers of the market. However, limited budget and lack of awareness about encryption and performance concerns among enterprises has restricted the growth of the market.

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Encryption Software Market: Size, Share & Trends Analysis Report by Product Types, And Applications Forecast To 2026 - 3rd Watch News

Future Scenarios and Implications for the Homomorphic Encryption Market – Newark Now

COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.

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According to this latest study, the 2020 growth of Homomorphic Encryption will have significant change from previous year. By the most conservative estimates of global Homomorphic Encryption market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2020, from US$ xx million in 2019. We give this scenario a XX% probability, where under the scenario the supply chain will start to recover and quarantines and travel bans will ease, over the Q2. Longer-term, the effect of COVID-19 will be felt throughout the year with some degree of harm done by the virus. Over the next five years the Homomorphic Encryption market will register a XX% CAGR in terms of revenue, the global market size will reach US$ XX million by 2025.

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This report presents a comprehensive overview, market shares, and growth opportunities of Homomorphic Encryption market by product type, application, key manufacturers and key regions and countries.

This study specially analyses the impact of Covid-19 outbreak on the Homomorphic Encryption, covering the supply chain analysis, impact assessment to the Homomorphic Encryption market size growth rate in several scenarios, and the measures to be undertaken by Homomorphic Encryption companies in response to the COVID-19 epidemic.

Segmentation by type: breakdown data from 2015 to 2020 in Section 2.3; and forecast to 2025 in section 10.7.Partially HomomorphismSomewhat HomomorphismFully Homomorphism

Segmentation by application: breakdown data from 2015 to 2020, in Section 2.4; and forecast to 2025 in section 10.8.IndustrialGovernmentFinancial & InsuranceHealth CareOthers

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.Microsoft (U.S.)IBM Corporation (U.S.)CryptoExperts (France)Galois Inc (U.S.)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectivesTo study and analyze the global Homomorphic Encryption market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025.To understand the structure of Homomorphic Encryption market by identifying its various subsegments.Focuses on the key global Homomorphic Encryption players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Homomorphic Encryption with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Homomorphic Encryption submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.

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Future Scenarios and Implications for the Homomorphic Encryption Market - Newark Now

Mailvelope: How to send and receive encrypted emails – Gadgets Now

You use your email ID to communicate with friends and family. It holds the key to all your online subscriptions whether social networks or cloud apps like data storage and photo albums. Banks and other financial institutions use it to authenticate your identity, and so much more. So, the question begging to be asked is how safe is your email communication?.

Well, theres TLS...

For their part, service providers such as Google, Microsoft and Yahoo use Transport Layer Security (TLS) for email transmission. In simple terms, this means your message is encrypted while it is in transit from one secure email server to another.

That said, TLS is not the same as end-to-end encryption. It only provides encryption between the user and the service provider. End-to-end encryption, on the other hand, works to protect a message between the sender and the recipient.

Consider, with end-to-end encryption, your email gets encrypted at your end and gets decrypted only after reaching the recipient's device.

However, in TLS, the message gets encrypted at your end and decrypted at the server. The server then encrypts the message depending on whether or not the recipient server also uses TLS. Now, if youre uncertain if your recipients email server is secure, you might want to consider Mailvelope for complete end-to-end encryption.

http://www.mailvelope.com

Mailvelope is a free browser extensionavailable for Google Chrome, Mozilla Firefox and Microsoft Edgethat lets you encrypt your email before it leaves your computer.

It is supported by all major service providers, including Gmail, Outlook.com, Yahoo and Zoho Mail. Besides, Mailvelope is an Open Source project which means its development process is fully transparent and is also subject to regular security audits.

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Mailvelope: How to send and receive encrypted emails - Gadgets Now

Email Encryption Market 2020 | Increasing Demand, Current Trend, Scope, Business Strategies, Challenges, New Innovations, Future Projections and…

The global Email Encryption market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Email Encryption market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Email Encryption Market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Email Encryption market. We have also focused on SWOT, PESTLE, and Porters Five Forces analyses of the global Email Encryption market.

Leading Companies Reviewed in the Report are:

Micro Focus (UK), Symantech (US), Cisco (US), Trend Micro (Japan), Sophos (UK), Proofpoint (US), BAE Systems (UK), Zix (US),Entrust Datacard (US), Mimecast (UK), Egress Software (UK), Intemedia (US), Virtru (US), Echoworx (Canada), Lux Sci (US), Cryptzone (US).

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A perfect mix of quantitative & qualitative Email Encryption market information highlighting developments, industry challenges that competitors are facing along with gaps and opportunities available and would trend in Email Encryption market. The study bridges the historical data from 2014 to 2019 and estimated until 2025.

Leading players of the global Email Encryption market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Email Encryption market. Furthermore, the report offers two separate market forecasts one for the production side and another for the consumption side of the global Email Encryption market. It also provides useful recommendations for new as well as established players of the global Email Encryption market.

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Based on application, the market has been segmented into:

NA

A major chunk of this Global Email Encryption Market research report is talking about some significant approaches for enhancing the performance of the companies. Marketing strategies and different channels have been listed here. Collectively, it gives more focus on changing rules, regulations, and policies of governments. It will help to both established and new startups of the market.

In conclusion, the Email Encryption Market report is a reliable source for accessing the research data that is projected to exponentially accelerate your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rate, and figures. SWOT analysis is also incorporated in the report along with speculation attainability investigation and venture return investigation.

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Email Encryption Market 2020 | Increasing Demand, Current Trend, Scope, Business Strategies, Challenges, New Innovations, Future Projections and...

GLOBAL CLOUD ENCRYPTION TECHNOLOGY MARKET REPORT 2020: OVERVIEW BY PRODUCT TYPES, DEMAND, INDUSTRY TRENDS AND FORECAST 2023 – Farmers Ledger

The Global Cloud Encryption Technology Market report offers users the detailed study of the market and its main aspects. There are different marketing strategies that every marketer looks up to in order to ace the competition in the Global market. Some of the primary marketing strategies that is needed for every business to be successful are Passion, Focus, Watching the Data, Communicating the value To Your Customers, Your Understanding of Your Target Market. There is a target set in market that every marketing strategy has to reach. A significant development has been recorded by the market of Cloud Encryption Technology, in past few years. It is also for it to grow further. Various important factors such as market trends, revenue growth patterns market shares and demand and supply are included in almost all the market research report for every industry. A systematized methodology is used to make a Report on the Global Cloud Encryption Technology market. For the analysis of market on the terms of research strategies, these techniques are helpful. All the information about the Products, manufacturers, vendors, customers and much more is covered in research reports.

The Global Cloud Encryption Technology market is a highly competitive market with a huge number of vendors. Out of this number, there are some players that has been in this game for quite a time now and made it big for themselves. Whereas, there are many new startups as well who are coming up well. The market analysis is done by the methods such as SWOT analysis and PESTEL analysis. It is very important for any business to keep coming up with new ideas in order to stand out in the industry. To identify what makes the business stand out and to take the chance to gain advantage from these findings, SWOT analysis is used by marketers. Whereas PESTEL analysis is the study concerning Economic, Technological, legal, political, social, environmental matters. External factors affecting the market are determined by PESTEL analysis. PESTEL analysis making strategies and planning for all the types of business that may be opening a new company in a new location or an expansion of a product line. For the analysis of market on the terms of research strategies, these techniques are helpful.

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Cloud encryption is the transformation of a cloud service customers data into ciphertext.

Over the next five years, LPI(LP Information) projects that Cloud Encryption Technology will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Cloud Encryption Technology market for 2018-2023.

This report presents a comprehensive overview, market shares and growth opportunities of Cloud Encryption Technology market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:

Solution

Services

Segmentation by application:

BFSI

Healthcare and Lifesciences

Media and Entertainment

Retail and E commerce

Automotive and Manufacturing

IT and Telecom

We can also provide the customized separate regional or country-level reports, for the following regions:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

Gemalto

Sophos

Symantec

SkyHigh Networks

Netskope

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Cloud Encryption Technology market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Cloud Encryption Technology market by identifying its various subsegments.

Focuses on the key global Cloud Encryption Technology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Cloud Encryption Technology with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Cloud Encryption Technology submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Browse the full report @https://www.orbisresearch.com/reports/index/global-cloud-encryption-technology-market-growth-status-and-outlook-2018-2023

Table of Contents

2018-2023 Global Cloud Encryption Technology Market Report (Status and Outlook)

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Cloud Encryption Technology Market Size 2013-2023

2.1.2 Cloud Encryption Technology Market Size CAGR by Region

2.2 Cloud Encryption Technology Segment by Type

2.2.1 Solution

2.2.2 Services

2.3 Cloud Encryption Technology Market Size by Type

2.3.1 Global Cloud Encryption Technology Market Size Market Share by Type (2013-2018)

2.3.2 Global Cloud Encryption Technology Market Size Growth Rate by Type (2013-2018)

2.4 Cloud Encryption Technology Segment by Application

2.4.1 BFSI

2.4.2 Healthcare and Lifesciences

2.4.3 Media and Entertainment

2.4.4 Retail and E commerce

2.4.5 Automotive and Manufacturing

2.4.6 IT and Telecom

2.5 Cloud Encryption Technology Market Size by Application

2.5.1 Global Cloud Encryption Technology Market Size Market Share by Application (2013-2018)

2.5.2 Global Cloud Encryption Technology Market Size Growth Rate by Application (2013-2018)

3 Global Cloud Encryption Technology by Players

3.1 Global Cloud Encryption Technology Market Size Market Share by Players

3.1.1 Global Cloud Encryption Technology Market Size by Players (2016-2018)

3.1.2 Global Cloud Encryption Technology Market Size Market Share by Players (2016-2018)

3.2 Global Cloud Encryption Technology Key Players Head office and Products Offered

3.3 Market Concentration Rate Analysis

3.3.1 Competition Landscape Analysis

3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)

3.4 New Products and Potential Entrants

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GLOBAL CLOUD ENCRYPTION TECHNOLOGY MARKET REPORT 2020: OVERVIEW BY PRODUCT TYPES, DEMAND, INDUSTRY TRENDS AND FORECAST 2023 - Farmers Ledger

HSE takes action against man who leaked patient information to Wikileaks – Longford Leader

The HSE has secured High Court orders preventing an IT worker from distributing highly confidential and sensitive information about hospital patients. It is alleged that Neill Bradley had distributed confidential information he obtained from the HSE's computer servers during the course of his now former employment with a third party contracted by the HSE to perform certain IT services.

The information includes patient's personal data and medical databases allegedly sent by Mr Bradley to Wikileaks the non-profit organisation that publishes news leaks provided by anonymous source founded by Australian internet activist Julian Assange.

The orders were granted last week by Mr Justice Tony O'Connor, whosaid he was satisfied that Mr Bradley had gained access to private and sensitive data through his former employment, which he threatened to facilitate the dissemination of patients details and private records.

The judge noted that the defendant in one post on social media had referred to information he obtained, which Mr Bradley knew should be kept secure, as being "stolen. "

The HSE launched proceedings against Mr Bradley following a probe it commenced after becoming aware of a potentially serious data breach from posts on social media of screenshots of the HSE's internal servers.

The HSE claims the posts appeared on three twitter accounts it says were set up and controlled by Mr Bradley.

Through those accounts Mr Bradley allegedly sent messages to a senior official at the HSE, as well as posting to the social media accounts of Taoiseach Leo Varadkar, Ministers Simon Harris and Pascal Donohoe, media figures and Dr Tony Holohan.

In his communications, Mr Bradley made allegations of a cover-up and a scam by the HSE and said he would make public data from over a dozen Irish hospitals, it is claimed.

It is also claimed that he used various hashtags on his posts including #covid19 #lockdown ireland #notmytaoiseach #MAGA and #mediascum.

The HSE said during previous employment as a systems administration Mr Bradley was given access to its servers and patient databases to carry out tasks his previous employer was contracted to do.

That firm's role was to maintaining and servicing a 'smart' automated system used to dispense, record and manage medication given to patients at various hospitals called Omnicell.

The system is used in many hospitals throughout the state.

Since becoming aware of the situation the HSE, in co-operation with Mr Bradley's previous employer, who terminated his employment after learning of the HSE's concerns, have taken steps to secure the servers and prevent the information from being published.

These steps include having posts on thepastebin.comsite and links to the confidential material removed.

The HSE also sought and obtained court orders, including in junctions to prevent him from attempting to post more links to confidential information.

The injunction is to remain in place pending the outcome of any full hearing of the matter.

The application for the injunctions was initially heard in camera, meaning that the proceedings were in private. The Judge subsequently lifted the in camera ruling allowing the media to report on the case.

In its action the HSE, represented by Eoin McCullough SC, Joe Jeffers Bl instructed by Philip Lee solicitors sought the orders against Mr Bradley with an address at Carrigeen Hill, Conna, Co Cork. Mr Bradley had been informed of the application against him.

However he did not attend, nor was he represented during, the court hearings.

Mr Justice O'Connor in making the orders said Mr Bradley would be given the chance to advance a defence to the HSE's claims at a full hearing of the action.

The injunction restrains Mr Bradley and any person to whom he has communicated or may communicate the confidential information from disseminating publishing, communicating by any means, or using any of said information through specific twitter handles and email addresses attributed to him. The order also restrains the defendant, and anyone who received the confidential information from him, from destroying or deleting the information.

He must also deliver up all documents, records and devices containing the confidential information to the HSE's solicitors for forensic analysis.

The court further restrained Mr Bradley from leaving Ireland until he has complied with the order to deliver up the confidential information, and hand over his passport to An Garda Sochana, who will retain it until further order.

The HSE's solicitors were given permission to notify the Department of Foreign affairs, An Garda Sochana, authorities at all points of exit from the State about the court's orders.

Mr Justice O Connor said that Mr Bradley had said in another tweet that he had sold his house and was moving about Europe in a camper van to "ply my skills elsewhere."

The judge also noted the HSE's lawyers undertaking to give the Data Protection Commissioner, the Minister for Health and the Attorney General copies of the order and the documents put before the court during the application if requested by those parties.

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HSE takes action against man who leaked patient information to Wikileaks - Longford Leader

Is OAN the Leading Edge of Russian Misinformation? – The Atlantic

What is most remarkable here is that none of this is particularly surprising. Russian interference in the 2016 election has been closely studied over the past four years, and Americas vulnerabilities have only worsened in that time. As my colleague Franklin Foer wrote recently, Russias interference in 2016 might be remembered as the experimental prelude that foreshadowed the attack of 2020. That OAN is now a player in such interference suggests an escalation that the Biden campaign has been bracing for.

Indeed, former U.S. Ambassador to Russia Michael McFaulwho has recalled being secretly recorded himself, among other forms of harassment, when he was posted in Moscowtold me, "Theres never been a moment like this in American history.

Read Putin is well on his way to stealing the next election

That includes 2016. McFaul said what hes seeing now reminds him of tactics the Kremlin has used against its domestic political opponents. Its not to convince you of a different point of view. Its to convince you that there is no truth, he said. When it feels like nobodys telling the truth and there is no truth, the reaction to that is despondency and demobilization.

Its hard not to feel some dj vu here. In 2016, Russian intelligence agents hacked the emails of Democratic National Committee staffers and Hillary Clintons campaign chairman, John Podesta, and delivered them to WikiLeaks, as a way to get them into the American media. Some outlets learned a lesson from that episode, and have treated new Biden recordings out of Ukraine with care. Others have not. Andriy Derkach, who released the Biden tapes that have already come out, is a former member of a pro-Russian political party who graduated from a KGB-run academy in Moscow. OAN lends his efforts a veneer, however thin, of journalistic legitimacy.

The person now claiming to have more tapes is OANs Chanel Rion, the on-air personality who went with Rudy Giuliani, the presidents personal lawyer, on his December trip to Ukraine in part to find information on Biden to help Trump. Rion, who has become famous for her conspiracy-inflected questions at White House briefings, emailed the Biden campaign May 29 claiming that she was working on an in-depth report about recordings that appear to be of Biden speaking with Petro Poroshenko, then the president of Ukraine. We have over five hours of these recordings (beyond what has been posted online by Nabu Leaks), she wrote, referencing a Ukrainian website suspected of Russian links.

Derkach, a politician known as the Ukrainian Putin, has been a proponent of the conspiracy theory that Ukraine was really behind the interference in the 2016 election instead of Russia. And he has previously been eager to provide damaging material about Biden for Trumps sake. Derkach released a batch of recordings three weeks ago, claiming that they had been made by Poroshenko and given to him by investigative journalists. (Poroshenko has said the audio is fabricated.) Most mainstream-media outlets have decided that the recordings that have emerged so far offer little new insight into Bidens actions in Ukraine, as The Washington Posts Carol Morello wrote after the recordings were first released.

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Is OAN the Leading Edge of Russian Misinformation? - The Atlantic

Pentagon Documents Reveal The U.S. Has Planned For A Bitcoin Rebellion – Forbes

Bitcoin has struggled to find support in the U.S. government, with president Donald Trump, along with Treasury secretary Steven Mnuchin, leading the criticism.

Now, it's been revealed the U.S. Department of Defense has wargamed scenarios involving a Generation Z rebellion that uses bitcoin to undermine and evade "the establishment."

The Pentagon seen from an airplane over Washington D.C., the United States.

In the Pentagon war game, young people born between the mid-1990s and early 2010s use cyber attacks to steal money and convert it to bitcoin, documents published by investigative news site The Intercept revealed.

Called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS), the war game is set in 2025 and is "intended to reflect a plausible depiction of major trends and influences in the world regions."

The scenario, which echoes recent protests in the U.S. and around the world against racial injustice, involves some members of Gen Z, who see themselves "as agents for social change" and believe the "system is rigged" against them, begin a "global cyber campaign to expose injustice and corruption and to support causes it deem[s] beneficial."

The group, called Zbellion, encourages cyber attacks against organizations that support "the establishment," funnelling stolen cash into bitcoin to make "small, below the threshold donations" to "worthy recipients" and Zbellion members.

The program, which also reportedly wargamed scenarios involving Islamist militants and anti-capitalist extremists, was conducted by students and faculty from the U.S. militarys war colleges, the training ground for prospective generals and admirals.

The documents reveal the U.S. Department of Defence has seriously considered the possibility bitcoin ... [+] could be used by future rebellions.

Bitcoin has increasingly been adopted by Wall Street and the world's biggest financial institutions since its 2017 price explosion but remains a tool to fight government control.

The Pentagon war game documents have been revealed after Florida Republican Representative Matt Gaetz called for the government to "freeze" the money of demonstrators after country-wide protests over the killing of George Floyd turned violent this month.

"One of the most important tools in the authoritarian toolkit is the ability to freeze the funding of legitimate political dissent," Nathaniel Whittemore, a bitcoin and cryptocurrency consultant and strategist, said previously.

"By separating the infrastructure of money from the infrastructure of state power, bitcoin makes it that much harder for this type of politically motivated confiscation."

Bitcoin has seen a surge of interest in recent months due to the coronavirus pandemic and never-before-seen levels of government borrowing.

"In the wake of unprecedented central bank action around the Covid-19 crisis, it seemed like the most relevant narrative of bitcoin in 2020 was as a hedge against inflation," Whittemore said.

"It appears, however, that its capacity for censorship resistance might be just as relevant."

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Pentagon Documents Reveal The U.S. Has Planned For A Bitcoin Rebellion - Forbes

BTSE Exchange Offers Futures Contracts Tracking Tether Gold and Priced in Bitcoin – CoinDesk – CoinDesk

Bitcoin has has long been feted as a new form of money, a two-finger salute to the establishment, even as a digital equivalent to gold, but its not often prized for its stability. That could change with the introduction of a new futures contract.

Crypto exchange BTSE has taken the unorthodox decision to price tether gold futures contracts in bitcoin, rather than in the more conventional U.S. dollar.

Heres how it works: Its a perpetual contract a future without expiry that tracks the value of one tether gold (XAUT) token, which itself tracks the value of one troy ounce of physical gold. Its also built on the ERC20 token standard, which means it can be pretty much traded on any crypto exchange.

Unlike other contracts, this one is priced in bitcoin. While the USD spot price of XAUT tokens is currently $1,720, according to CoinGecko, BTSEs contracts are trading around the 0.17 BTC mark.

The contract allows traders to compare and speculate on whether bitcoin or gold will turn out to have the most demand and outperform the other, as a new store of value.

Imagine it as gold versus bitcoin, a BTSE spokesperson said.

Still, a gold/BTC contract is bound to raise a few eyebrows.

Like regular futures, perpetual contracts have forced liquidations. If the spot price crosses a certain threshold the contract automatically settles, at a loss to the holder. Crypto observers are all too familiar with these and its not unknown for millions of dollars worth of USD-quoted bitcoin contracts to liquidate in one fell swoop.

Surely, a contract quoted in bitcoin would run the risk of liquidating all the time?

BTSE reckons thats not likely because bitcoin and gold have a positive correlation against the dollar.

If the two assets are positively correlated, then the price volatility of this new instrument is, by right, even lower than Gold/USD, a spokesperson said. Thats because the price of gold and bitcoin will likely fall by an equivalent ratio, so the contract remains, more or less, stable.

Bitcoin has long been dubbed digital gold without having any sort of relationship with it. That started to change earlier this year when, against the dollar, it developed a correlation to the yellow metal.

In a report in April, Coin Metrics said the correlation between bitcoin and gold suddenly increased on March 12 Black Thursday. The market, they argued, might be treating both as safe havens during increases in quantitative easing and monetary inflation.

Revisiting the relationship last week, Coin Metrics said: The correlation between gold [and bitcoin] has consistently maintained relatively high levels for several months now, a phenomenon that has not been historically observed.

Not everyone agrees. Charles Bovaird, vice president at Quantum Economics, says the relationship between gold and bitcoin over the past 90 days remains very weak, at under 0.35. In other words, the correlation has not been high enough to be significant, at least during this particular time frame, he said.

But BTSE argues that in a darkening macro backdrop, where central banks are increasingly relied upon to save the day, the market will begin to treat bitcoin more like a store of value.

As it does, so will its correlation to gold improve, making the prospect of forced liquidations for its gold contract priced in bitcoin less likely. In stark comparison, contracts quoted in dollars, which isnt correlated to gold and whos value could change depending on the effects of increased central bank stimulus, might feel the pressure a little more.

If that happens, bitcoin would become more stable than the greenback.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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BTSE Exchange Offers Futures Contracts Tracking Tether Gold and Priced in Bitcoin - CoinDesk - CoinDesk

Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg | News – Bitcoin News

Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.

According to the companys June Crypto Outlook report, something has to really go wrong for bitcoin not to appreciate in value.

Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoins maturity, particularly when benchmarked against the falling stock market and crude oil. Both factors will cause the price of bitcoin (BTC) to rise.

Covid-19 is hastening the shift away from paper money and stimulating plenty of quantitative easing, which is helping independent stores-of- value such as gold and bitcoin, the report notes.

Last year, the high was about $14,000, which would translate into almost double in 2020 if rotating within the recent band, and mean little in the big picture, it added.

Bitcoin twice breached $10,000 since its supply cut event three weeks ago, but has struggled to stay above the key level, as investors quickly dumped the asset. Its latest action involved a flash rally to $10,400 on June 1, followed by a 17% crash barely a day later.

The BTC price, up about 33% since the beginning of the year, is trading at $9,549 at Press time, down 0.5% over the last 24 hours.

Describing bitcoin as a resting bull, Bloomberg highlighted that increased institutional interest, the rising number of active BTC addresses, futures markets as well as mass adoption will lead the pioneering digital asset higher.

The report specifically mentions Grayscale Investments aggressive crypto acquisitions. Consuming 25% of all newly minted BTC in 2020, the Grayscale Bitcoin Trust Fund is by far the largest crypto-asset exchange-traded instrument, helping institutional adoption, it said. The Fund manages over 340,000 BTC, or $3.25 billion, on behalf of investors.

Active bitcoin addresses, which reached a two-year high of 891,000 this year, represent increasing adoption and that will help BTC stay above $10,000, Bloomberg opined. Unless advancing addresses abruptly reverse, history indicates bitcoin has a propensity to appreciate, it said.

The report notes that while futures open interest isnt a large portion of total bitcoin supply, accounting for 50,000 BTC, futures are significant as a primary gateway for the benchmark crypto to become a mainstream asset class.

Maturation, greater depth, and plenty more exposure via futures should continue to suppress the first-born cryptos volatility, clearly keeping it tilted toward price appreciation, Bloomberg observed.

What do you think about Bloombergs price prediction? Let us know in the comments section below.

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Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg | News - Bitcoin News