Binance invests in Indonesian cryptocurrency exchange Tokocrypto – Business Times

INDONESIAN cryptocurrency exchange Tokocrypto has received an undisclosed investment from Binance, the global cryptocurrency exchange backed by Singapore venture firm Vertex Ventures.

Tokocrypto will use the fresh capital to hire new talent in areas including senior-level management, marketing and customer support, adding to its current headcount of 42 employees, the startup's chief executive Pang Xue Kai told The Business Times.

The funds will also be used to launch new products, enhance technology, and to launch blockchain education initiatives in the region. "We are also using these funds to set up remote offices in different parts of Indonesia As of now, our plans are to remain in Indonesia and to tap this market," he said.

The crypto buzz may have largely fizzled out from its heyday in 2018, but Mr Pang thinks that Tokocrypto still has a role to play in facilitating continued trading in Bitcoin and other cryptocurrencies in the Indonesian market.

The two-year-old startup earns revenue from charging fees for the transactions. Tokocrypto's average daily transaction volume currently stands at about US$700,000, Mr Pang said. The startup had been on the lookout for strategic investors and found the right fit with Binance. It previously raised seed funding from Singapore digital asset trading firm QCP Capital.

"This partnership is something that will be very beneficial for Tokocrypto. Binance has the technical expertise and we will be leveraging on that, so that we can protect our customers' assets with a very high level of confidence," he added.

One of the major challenges that crypto exchanges have faced is in cybersecurity. Binance, which is one of the largest exchanges by trading volume, had US$40 million worth of Bitcoin stolen by hackers in 2019.

Acknowledging the importance of preventing hacks, Mr Pang said that Tokocrypto is focused on investing in both internal and external processes, such as using "cold wallets", or wallets that are completely offline, for safe storage of cryptocurrencies.

In a press release, Binance chief executive Zhao Changpeng said: "Our investment in Tokocrypto will allow us to explore exciting new opportunities together for the Indonesian market with a regulated local partner to further enable the freedom of money."

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Binance invests in Indonesian cryptocurrency exchange Tokocrypto - Business Times

No way around it: the irreparable damage cryptocurrency does to the environment – Green Prophet

It hasnt been long since bitcoin broke the ground in 2009, turning the monetary landscape upside down. With its decentralized nature and exceptional privacy, cryptocurrency quickly became popular among young people trying to make quick money.

As interesting as it is for tech and financial experts alike, theres no way around the harsh truth thats often swiped under the rug while discussing crypto: it damages the environment and the communities where its mined.

There has been extensive research done on the disruptive effects of cryptocurrency on the financial market, however, fewer people have highlighted the environmental damage that it causes along the way.

What is crypto mining?

In order to maximize their profits, crypto miners always try to seek out places with low-cost electricity and weak environmental policies, ultimately creating hazards for the environments and impact local populations without benefitting the communities.

The way the crypto miners produce currency is through an energy-intensive process requiring vast computing resources. According to recent estimates, over the course of a year, cryptocurrency consumes around 64 TWh (terawatt hours) of energy. Ranking it on top of the country of Switzerland by energy consumption, which 58 TWh per year.

As financial technologies become more and more accessible, ultimately making our lives much easier, there are certain aspects of fintech that create lasting damage to human health and the environment around us. Some activities that were once only a prerogative of the privileged few, like foreign exchange trading, are now accessible for everyone with a smartphone. This mobile trading FX brokers list shows just how much more accessible it is for virtually anyone to get involved in the foreign exchange market. With the increased accessibility to both FX, crypto, and other interesting new financial technologies, there should also be an increased awareness of the potential damaging side-effects that they might entail.

Due to its decentralized control, most cryptocurrencies have emerged from the grassroots communities, rather being corporate or government managed. To put it simplistically, cryptocurrencies are generated by using computers to solve puzzles that are stored in a blockchain, which are accessible on a decentralized database.

The difficulty of the puzzles increases proportionally to the number of miners competing to unlock bitcoins. In order to continuously solve the algorithms, mining servers require a tremendous source of energy. Ultimately, if the energy expense of mining exceeds the income from the currency produced, there is no more motivation to continue mining, which also significantly undermines the infrastructure that validates its monetary value.

In practice, this means that the possibility of profiting from mining cryptocurrency rises with the more powerful computer, faster internet connection, and the cheaper infrastructural services, such as electricity.

The damaging environmental impact of crypto mining

Despite its digital nature, the impact that cryptocurrency has on the physical environment and the welfare of communities where its mined cant be ignored.

With each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefit, states a recent study about the monetary price of health and air quality impacts of cryptocurrencies.

Researchers claim that although mining activities produce financial value, electricity use creates crypto damage a term coined to illustrate the effects of digital exchange on human health and the environment.

There are ongoing debates on the exact extent of the impact that mining has on the environment. Even though it is agreed upon that crypto mining damages the environment, the impacts are markedly higher in places where the mining is dependent on dirty energy sources, such as the coal-fueled crypto mines in Mongolia. Coal energy sources offer prices that are 30% cheaper than the average energy consumption rates for industrial firms. With that being said, any cryptocurrency mined in China will produce four times as much CO2 pollution as the volume produced by renewable energy sources in Canada.

Sustainable way forward

With the growing popularity of cryptocurrency, as demonstrated by it entering more mainstream markets and being embraced by traditional financial institutions, we can surely foresee that crypto isnt going to go anywhere anytime soon. With the damage that it currently does to the environment, its also evident that its not sustainable, for now.

There are several promising figures that show a sustainable way of going forward with the crypto mining industry.

Recent figures show that crypto-mining facilities are looking into subsidizing the development of renewable energy resources in order to seek the cheapest resource to optimize the consumption value. The relationship between renewable energy and crypto-mining is well demonstrated in the bitcoin mining operations in China. The provinces hosting the most crypto-mining facilities correlate with the ones producing energy with renewable resources.

80% of Chinas bitcoin mining operations were based in Sichuan in 2017 a province that generated approximately 90% of its energy production from renewable resources, thereby accounting for 43% of global Bitcoin mining operations at the time.

The profitability of cryptocurrency mining is heavily dependent on its market value coupled with the price of electricity. If the value of a cryptocurrency decreases and goes below its cost of production, mining becomes unprofitable due to the large costs of the energy it needs. The most well-off crypto-miners work at the lowest cost by accessing the cheapest electricity capable of achieving intense use. As a result, miners are finding inexpensive energy markets while taking advantage of policy conditions that do not control how energy can be consumed.

Going forward, the crypto industry can become more sustainable if it commits to using renewable, clean energy in order to sustain itself. As the statistics show, in the long run, renewable energy is the future of electricity consumption. Utilizing the low-cost nature, crypto miners have an incentive to continue mining while minimizing their damage to the environment. However due to the decentralized nature of crypto that makes it so attractive to many will come as a detriment to the initiative, as at the end of the day theres no one to make the decision to go green but the individual miners.

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No way around it: the irreparable damage cryptocurrency does to the environment - Green Prophet

Cryptocurrency Market Research Report 2020, Technology Development, Key Players and Competitor Analysis and Share Analysis – Cole of Duty

The latest market intelligence study on Cryptocurrency relies on the statistics derived from both primary and secondary research to present insights pertaining to the forecasting model, opportunities, and competitive landscape of Cryptocurrency market for the forecast period.

Crypto currency is a digital mode of exchange similar to the usual currencies like Dollars, Pound, and Rupee. However, these are specifically designed to fulfil the motive of exchanging digital information via process enabled by assured ethics of cryptography.

The report aims to provide an overview of Global Crypto Currency Market along with detailed segmentation of market by type and five major geographical regions. Global Crypto Currency market is expected to witness growth during the forecast period due to rising adaption of novel payment mechanisms by protuberant organizations.

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The research on the Cryptocurrency market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Cryptocurrency market on the basis of end-user, product type, application, and demography for the forecast period 20202027. Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and info graphics.

For more clarity on the real potential of the Cryptocurrency market for the forecast period 20202027, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.

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Cryptocurrency Market Research Report 2020, Technology Development, Key Players and Competitor Analysis and Share Analysis - Cole of Duty

Cryptocurrency Mining Hardware Market Growth by Top Companies, Trends by Types and Application, Forecast to 2026 – Cole of Duty

Innosilicon

Moreover, the Cryptocurrency Mining Hardware report offers a detailed analysis of the competitive landscape in terms of regions and the major service providers are also highlighted along with attributes of the market overview, business strategies, financials, developments pertaining as well as the product portfolio of the Cryptocurrency Mining Hardware market. Likewise, this report comprises significant data about market segmentation on the basis of type, application, and regional landscape. The Cryptocurrency Mining Hardware market report also provides a brief analysis of the market opportunities and challenges faced by the leading service provides. This report is specially designed to know accurate market insights and market status.

By Regions:

* North America (The US, Canada, and Mexico)

* Europe (Germany, France, the UK, and Rest of the World)

* Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

* Latin America (Brazil and Rest of Latin America.)

* Middle East & Africa (Saudi Arabia, the UAE, , South Africa, and Rest of Middle East & Africa)

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Table of Content

1 Introduction of Cryptocurrency Mining Hardware Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Cryptocurrency Mining Hardware Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Cryptocurrency Mining Hardware Market, By Deployment Model

5.1 Overview

6 Cryptocurrency Mining Hardware Market, By Solution

6.1 Overview

7 Cryptocurrency Mining Hardware Market, By Vertical

7.1 Overview

8 Cryptocurrency Mining Hardware Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Cryptocurrency Mining Hardware Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

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Cryptocurrency Mining Hardware Market Growth by Top Companies, Trends by Types and Application, Forecast to 2026 - Cole of Duty

Cryptocurrency Litecoin dipped to 12% – The Times Hub

Cryptocurrency Litecoin at 03:19 (00:19 GMT) Voskresenovka at a price of $42,860 according to the index Investing.com down by 12.32% in the day. This was the most significant fall in the value of cryptocurrencies since March 12.

The fall provoked a reduction of the market capitalization of Litecoin to $3,021 B, or 0.00% of the total capitalization of all cryptocurrencies. While earlier peaks capitalization of Litecoin was $14,099 B.

In the last 24 hours, Litecoin was trading in the range of $42,859 to $47,012.

In the last 7 days cryptocurrency Litecoin could feel the drop rate in the range of lost 5.56 percent. The amount of currency Litecoin traded in the last 24 hours before the date of publication of this material was $4,715 B or 0.00% of the total volume of all cryptocurrencies. The course was varied in the range from $42,8594 to $49,0882 in the last 7 days.

At the moment Litecoin is still below 89,80% from their peak values, amounting to $420,00, which was reached on 12 December 2017..

Bitcoin was last trading at $8.813,8, according to the index Investing.com falling of 11.98% during the day.

The Ethereum traded $196,24 , according to the index Investing.com, falling from 7.83 per cent.

The market capitalization of Bitcoin $174,801 B or 0.00% of the total capitalization of cryptocurrency, whereas market capitalization of the Ethereum $23,370 B or 0.00% of the total capitalization of the stock market.

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Cryptocurrency Litecoin dipped to 12% - The Times Hub

Governments worldwide respond to COVID-19 by saving profits, not lives – World Socialist Web Site

Governments worldwide respond to COVID-19 by saving profits, not lives By Joseph KishoreSEP candidate for US president 12 May 2020

The following speech was delivered by Joseph Kishore, National Secretary of the Socialist Equality Party in the United States, to the 2020 International May Day Online Rally, held by the World Socialist Web Site and the International Committee of the Fourth International on May 2.

Comrades and Friends:

The speeches delivered today, by leaders and supporters of the International Committee of the Fourth International, constitute an indictment of world governments, of the ruling class, and of the capitalist system.

At the same time, they outline a program and perspective for the international working class to fight back.

The speech by Joe Kishore begins at 2:06:24 in the video.

This May Day rally has presented a global perspective for a global audience.

Speakers here today have included those from New Zealand, Australia, the United Kingdom, Sri Lanka, France, Germany, Brazil, Turkey, the United States, Costa Rica and Canada.

Participants have included those from many other countriesIndia, Peru, Norway, East Timor, Mexico, the Philippines, Turkey, Nigeria, Japan, Italy, Thailand, Greece, states throughout the US, and many other countries.

In this, our May Day rally is absolutely unique.

The coronavirus is a natural phenomenon. However, it has emerged and developed within a definite social and economic structure. The massive and expanding death toll, the impoverishment of tens of millions of people, the campaign to return to work under unsafe conditionsthese are products of society, not of nature.

At every point in this pandemic, as todays speeches have demonstrated, world governments have responded with measures that were not aimed at saving lives, but at saving profits.

It is this that has prevented a scientific, globally coordinated, rational and humane response to COVID-19.

Nowhere is this more true than in the United States, the centre of world capitalism.

The Trump administration responded to the pandemic first by downplaying its significance. However, his declaration that the virus would just wash away was only the most naked expression of indifference to the lives of millions and millions of people.

For decades, scientists and epidemiologists have warned of precisely such a pandemic. However, under both Democrats and Republicans, nothing was done to build up stockpiles of protective gear for health care workers or lifesaving medical equipment.

Instead, the corporate and financial elite has laid waste to social infrastructure, dismantling anything that hindered the accumulation of wealth by the rich and the exploitation of the working class.

At the same time, trillions were spent on unending and expanding war, which has laid waste to entire societies throughout the world, turning millions into refugees who are dangerously vulnerable to the coronavirus pandemic.

It was the Obama administration, moreover, that oversaw the bailout of Wall Street after the 2008 crashwhich was the trial run for what is being done now.

For the past three and a half years, the Democrats have sought to focus all opposition to the Trump regime on the claim that the greatest threat to the American people was Vladimir Putin and Russia. All social opposition to the Trump regime was subordinated to the reactionary agenda of the military and intelligence agencies, including their persecution of Julian Assange.

The social interests that have produced these conditions are the same social interests that have dictated the response to the pandemic.

Even while downplaying the danger, the ruling class was preparing and implementing an operation of looting and plunder that is without precedent in history, far exceeding even what was done after the 2008 financial crisis.

The amounts that are being handed over to Wall Street are, to the ordinary person, incomprehensible. They have to be measured in trillions of dollars. The Federal Reserve is turning over to the rich $80 billion every day.

To give a sense of this figure, it would take the average worker in the US, making $31,000 a year, 2,580,000 years to earn this amount of money. Or, to put it another way, it would take 2,580,000 workers to make the amount of money that is being handed out to Wall Street, every day.

What could be more obscene than the fact that, under conditions of mass death and economic devastation, the billionaires are not only maintaining their wealth, but actually increasing it?

Having engorged itself, the financial oligarchy and its media puppets are demanding a return to work, a policy that will lead, and they know it will lead, to the death of tens if not hundreds of thousands more people.

Consider this fact: NBC News has reported that the Federal Emergency Management Agency placed orders for well over 100,000 new body bags to hold victims of COVID-19 last month. Yet theyre saying that its somehow safe to return to work. Its a lie.

Their aim is to normalize death, to normalize the pandemic, that is, to acclimate the population to the fact that large numbers of people will die, that such death is to be considered just a fact of life.

Workers are to be treated as expendable. If they die, this is just a cost of doing business, with those who succumb replaced by others.

The ruling class intends to utilize the mass social desperation to force a return to work. Thirty million people are already unemployed in the US. In fact, this undercounts the reality by far. Millions are simply unable to get benefits.

One should be under no illusion. The denial of benefits to millions and millions is a deliberate policy.

Who can claim that it is difficult to get benefits to workers, when Wall Street has no trouble? No one is standing in food lines or applying online through overwhelmed systems to get their billions from the US Federal Reserve.

Those who refuse to work under unsafe conditions will be denied benefits and cut off from all government assistance.

The line will be: either work or starve.

At the same time, the Trump administration and Congress are pushing to ensure that corporations are protected from legal liability for workers who die as a result of the coronavirus. That is, the state is telling corporate America: kill your employees, and you will face no consequences.

This is the reality of capitalism, of class rule, of the dictatorship of the financial oligarchy.

The Trump administration, in its backwardness, its indifference to human life, its naked corruption and criminality, embodies these class interests.

However, it is a fact that cannot be repeated enough, that the Great Wall Street Heist of 2020 was sanctioned by the unanimous vote of the US Congress. Every single Republican and Democrat in the Senate, including the so-called democratic socialist Bernie Sanders, voted for it.

The passage of the CARES Act, far more than the holiday phrases and empty promises, expresses the real class interests that determine government policy.

What has become of Bernie Sanders? At the very point where reality is demonstrating the bankruptcy of capitalism, Sanders declared his political revolution over, and proclaimed his absolute and uncritical support for Biden, the personification of the Democratic Party as the party of Wall Street and the military.

He is doing what was always the purpose of his campaign: to do whatever he could to make sure that social and political anger does not escape the confines of the Democratic Party.

Well, that is easier said than done.

The United States is ripe, indeed, overripe, for socialism and for revolution.

Before the pandemic hit, as the Socialist Equality Party was initiating its election campaign, we drew attention to the fact that in a country where anti-communism has been a state religion, in the so-called land of unlimited opportunity, it turns out that millions and millions of people are opposed to capitalism.

Last year, workers in the US engaged in more work stoppages than in the past nearly two decades, waged in defiance of the corporatist instruments of management known as the trade unions.

Then came the pandemic, which is vastly accelerating the process of class conflict and political radicalization. There have been strikes and walkouts of autoworkers, transit workers, postal workers, sewage workers, construction workers, meatpacking workers, and many others.

It was, indeed, walkouts and wildcats carried out by auto workers and other workers that forced the closure of factories in the first place.

As the speeches today have made clear, this is part of a global process.

And it is only the beginning. The efforts of the ruling elite to enforce a return to workand the attempt to engineer a massive restructuring of class relations to pay for the bailout of Wall Streetwill encounter enormous opposition from the working class.

Great revolutionary struggles are again emerging, in the United States and throughout the world. The question, however, is: what perspective will guide these struggles?

The Socialist Equality Party and the International Committee of the Fourth International insist that there is no solution to the crisis confronting humanity within the borders of any nation-state. All the great problems confronting mankindthe coronavirus pandemic, the danger of world war, the threat of climate change, social inequality and exploitation, the growth of the far right, the fight to free Julian Assangeare global problems, that require a global solution.

We insist that trillions must be allocated, not to bail out Wall Street, but to implement an emergency program to build up health care infrastructure and provide protective equipment to all essential workers.

The student loans, mortgages and other mechanisms, through which the income of workers is earmarked for payments to the banks, must be immediately forgiven. All workers must continue to receive their full income for the duration of the pandemic, and all non-essential workplaces must remain closed. The highest quality health care must be available to all, free of charge and on a completely equal foundation.

Such actions and other emergency measures to secure the interests of the working class, in the United States and internationally, cannot, however, be secured within the framework of the existing state institutions.

They require a frontal assault on the capitalist system. The wealth of the financial oligarchs must be seized. Their stranglehold over the social and economic system must be broken, through the transformation of the gigantic banks and corporations into publicly-owned utilities.

The implementation of such measures, necessary to save lives, requires the revolutionary mobilization of the working class to take political power in its own hands through the establishment of a workers governmentthat is, a government of the workers, by the workers and for the workersin the United States and around the world, that will implement the socialist policies required to save mankind from disaster.

To fight for this revolutionary perspective requires the building of a leadership in the working class.

Our movement, the International Committee of the Fourth International, the world Trotskyist movement, throughout its history has upheld the genuine traditions and perspective of Marxism, to combat the lies and treachery of the Stalinists, the Social Democrats, the reformists and trade union bureaucrats, and opportunists of every shape and size.

It is these great traditions that must now be brought forward today.

There will be no shortage of people determined to fight for socialism. As Comrade David stressed in beginning this meeting, the objective crisis is driving the working class toward socialist revolution. But this objective movement must be armed with a strategy that unifies the struggles of the working class in a worldwide movement for socialism.

That strategy has been the content of this meeting.

The essential conclusion that comes from all of these speeches is for all of you listening today to make the decision to join and build the International Committee of the Fourth International and the Socialist Equality Party.

We need you to help the WSWS and ICFI make 2020 the year of international socialist revival. We must expand our work and our influence in the international working class. If you agree, donate today. Thank you.

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Governments worldwide respond to COVID-19 by saving profits, not lives - World Socialist Web Site

Parasoft Unleashes Artificial Intelligence and Machine Learning to Accelerate Time to Market for the Safety-Critical Industry – PRNewswire

With this release, Parasoft introduced artificial intelligence (AI) and machine learning (ML) in its reporting and analytics dashboard, extending its capabilities tolearn from both historical interactions with the code base and prior static analysis findings to predict relevance and prioritize the new findings. As a result, teams can increase productivity by eliminating tedious and time-consuming tasks. Adding even more efficiency to the modern development workflow is the new Visual Studio Code extension for static analysisand the Coverage Advisor, which uses advanced static code analysis to boost unit test creation.

Parasoft Remains at the Forefront of Leading-Edge Technology With the Release of C/C++test 2020.1

The latest release introduces capabilities to improve all aspects of delivery in software quality including the following integrations:

"The growing complexity of software systems forces organizations to modernize their toolchains and workflows. They're switching to Git feature branch workflowsapplying Docker containers and CMake. We see heavy IDEs being replaced with lightweight editors like Visual Studio Code, which are a better fit for projects containing millions of lines of code. Modern workflows, however, need to support requirements traceability to facilitate risk assessment and functional safety certifications," said Miroslaw Zielinski, Product Manager for Parasoft. "Our latest release of Parasoft C/C++test with Visual Studio Code extension, Requirements View, streamlined Docker deployments and traceability enhancements fits perfectly into this trend."

Parasoft continues to provide leading support for automated enforcement of industry coding guidelines with expanded coverage for updated security standards (2019 CWE Top 25 and On the Cusp), AUTOSAR C++14, and the new MISRA C 2012 Amendment 2. Keeping pace with guideline requirements ensures that Parasoft's tools continue to meet the changing needs of the industry.

About Parasoft

Parasoft continuously delivers quality software with its market-proven, integrated suite of automated software testing tools. Parasoft supports software organizations as they develop and deploy applications for the embedded, enterprise, and IoT markets. Parasoft's technologies reduce the time, effort, and cost of delivering secure, reliable, and compliant software by integrating static and runtime analysis; unit, functional, and API testing; and service virtualization. With our developer testing tools, manager reporting/analytics, and executive dashboarding, Parasoft enables organizations to succeed in today's most strategic ecosystems and development initiativesreal-time, safety-critical, cybersecure, agile, continuous testing, and DevOps.

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Parasoft Unleashes Artificial Intelligence and Machine Learning to Accelerate Time to Market for the Safety-Critical Industry - PRNewswire

Oracle Offers Machine Learning Workshop to Transform DBA Skills – Database Trends and Applications

AI and machine learning are turning a corner, marking this year with new and improved platforms and use cases. However, database administrators dont always have the tools and skills necessary to manage this new minefield of technology.

DBTA recently held a webinar featuring Charlie Berger, senior director, product management, machine learning, AI, and, Cognitive Analytics, Oracle who discussed how to gain an attainable, logical, evolutionary path to add machine learning to users Oracle data skills.

Operational DBAs spend a lot of time on maintenance, security, and reliability, Berger said. The Oracle Autonomous Database can help. It automates all database and infrastructure management, monitoring, tuning; protects from both external attacks and malicious internal users; and protects from all downtime including planned maintenance.

The Autonomous Database removes tactical drudgery, allowing more time for strategic contribution, according to Berger.

Machine learning allows algorithms to automatically sift through large amounts of data to discover hidden patterns, new insights, and make predictions, he explained.

Oracle Machine Learning extends Oracle Autonomous Database and enables users to build AI applications and analytics dashboards. OML delivers powerful in-database machine learning algorithms, automated ML functionality, and integration with open source Python and R.

From a database developer to a data scientist, Oracle can transform the data management platform into a combined/hybrid data management and machine learning platform.

There are 6 major steps to becoming a data scientist that include:

An archived on-demand replay of this webinar is availablehere.

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Oracle Offers Machine Learning Workshop to Transform DBA Skills - Database Trends and Applications

Canaan’s Kendryte K210 and the Future of Machine Learning – CapitalWatch

Author: CapitalWatch Staff

Canaan Inc. (Nasdaq: CAN) became publicly traded in New York in late November. It raised $90 million in its IPO, which Canaan's founder, chairman, and chief executive officer,Nangeng Zhang modestly called "a good start." Since that time, the company has met significant milestones in its mission to disrupt the supercomputing industry.

Operating since 2013, Hangzhou-based Canaan delivers supercomputing solutions tailored to client needs. The company focuses on the research and development of artificial intelligence (AI) technology specifically, AI chips, AI algorithms, AI architectures, system on a chip (SoC) integration, and chip integration. Canaan is also known as a top manufacturer of mining hardware in China the global leader in digital currency mining.

Since IPO, Canaan has made strides in accomplishing new projects, despite the hard-hit cross-industry crisis Covid-19 has caused worldwide. In a recent announcement, Canaan said it has developed a SaaS product which its partners can use to operate a cloud mining platform. Cloud mining allows users to mine digital currency without having to buy and maintain mining hardware and spend on electricity a trend that has been gaining popularity.

A Chip of the Future

Earlier this year, Canaan participatedat the 2020 International Consumer Electronics Show in Las Vegas, the world's largest tech show that attracts innovators from across the globe. Canaan impressed, showcasing its Kendryte K210 the world's first-ever RISC-V-based edge AI chip. The chip was released in September 2018 and has been in mass-production ever since.

K210 is Canaan's first chip. The AI chip is designed to carry out machine learning. The primary functions of the K210 are machine vision and semantic, which includes the KPU for computing convolutional neural networks and an APU for processing microphone array inputs. KPU is a general-purpose neural network processor with built-in convolution, batch normalization, activation, and pooling operations. The next-generation chip can detect faces and objects in real-time. Despite the high computing power, K210 consumes only 0.3W while other typical devices consume 1W.

More Than Just Chipping Away at Sales

As of September 30, 2019, Canaan has shipped more than 53,000 AI chips and development kits to AI product developers since release.

Currently, the sales of K210 are growing exponentially, according to CEO Zhang .

The company has moved quickly to the commercialization of chips, and developed modules, products and back-end SaaS, offering customers a "full flow of AI solutions."

Based on the first generation of K210, Canaan has formed critical strategic partnerships.

For example, the company launched joint projects with a leading AI algorithm provider, a top agricultural science and technology enterprise, and a well-known global soft drink manufacturer to deliversmart solutionsfor variousindustrialmarkets.

The Booming Blockchain Industry

Currently, Canaan is working under the development strategy of "Blockchain + AI." The company has made several breakthroughs in the blockchain and AI industry, including algorithm development and optimization, standard unit design, low-voltage and high-efficiency operation, high-performance design system and heat dissipation, etc. The company has also accumulated extensive experience in ASIC chip manufacturing, laying the foundation for its future growth.

Canaan released first-generation products based on Samsung's 8nm and SMIC's 14nm technologies in Q4 last year. The former has been shipped in Q1 this year, while the latter will be shipped in Q2. In February, it launched the second generation of the product which is more efficient, more cost-effective and offers better performance.

Currently, TSMC's 5nm technology is under development. This technology will further improve the company's machines' computing power and ensure Canaan's leading position in the blockchain hardware space.

"We are the leader in the industry," says Zhang.

Canaan's Covid-19 Strategy

During the Covid-19 outbreak, Canaan improved the existing face recognition access control system. The new software can detect and identify people wearing masks. At the same time, the intelligent attendance system has been integrated to assist human resource management

Integrating mining machine learning and AI, the K210 chip has been used on Avalon mining machine, which can identify and monitor potential network viruses through intelligent algorithms. The company will explore more innovative integration in the future.

Second-Generation Gem

In terms of AI, the company will launch the second-generation AI chip K510 this year. The design of its architecture has been "greatly" optimized, and the computing power is several times more robust than the K210. Later this year, Canaan will use this tech in areas including smart energy consumption, smart industrial parks, smart driving, smart retail, and smart finance.

Canaan's Cash

In terms of operating costs and R&D, the company's last-year operating cost dropped 13.3% year-on-year. In 2018 and 2019, Canaan recorded R&D expenses of 189.7 million yuan and 169 million yuan, respectively347 million yuan were used to incentivize core R&D personnel.

In addition, the company currently has more than 500 million yuan in cash ($70.5 million), will continue to operate under the "blockchain + AI" strategy, with a continued focus on the commercialization of its AI technology.

A Fruitful Future

Canaan began as a manufacturer of Bitcoin mining machines, but it has become more than that. In the short term, the Bitcoin halving cycle is approaching (Estimated to occur on May 11, 2020 CW); this should promote the sales of company's mining machine, In the long term, now a global leader in ASIC technology, Canaan could be in a unique position to meet supercomputing demand.

"Blockchain is a good start, but we'll go beyond that," says Zhang. "When a seed grows up to be a big tree, it will bear fruit."

So far, it has done just that. Just how high that "tree" can get remains to be seen, but one thing is certain: The Kendryte K210 chip will be the driving force fueling the company's growth.

Excerpt from:
Canaan's Kendryte K210 and the Future of Machine Learning - CapitalWatch

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