Cryptocurrency Price Analysis: Bitcoin, Ethereum, Ripple, and ChainLink Where Are They Heading? – Coingape

BTC/USD Daily CHART SHORT TERM

Bitcoin has seen an interesting week of trading as it rebounded from the support at $6,600 last week. The support here was provided by a rising trend line and was bolstered by a .236 Fib Retracement level. After rebounding, it went on to break above $7,000 but fell short at $7,200 this weekend which caused the coin to roll over again.

The cryptocurrency has since dropped beneath $7,000 and is now trading back at the support provided by the rising trend line.

Bitcoin is considered neutral at the moment, however, if it drops beneath the support line and falls below $6,600, the market would be considered as bearish in the short term.

Looking ahead, if the sellers push beneath $6,650, the first level of support lies at $6,612 (.236 Fib Retracement). Beneath this, support lies at $6,400, $6,200, and $6,085 (.382 Fib Retracement).

On the other side, if the buyers step in and push higher, the first level of resistance lies at $7,000. Above this, resistance lies at $7,174 (bearish .618 Fib Retracement), $7,200, and $7,400. If the bulls can break $7,400, higher resistance lies at $7,676 (1.618 Fib Extension), and $8,000 (bearish .786 Fib Retracement).

The RSI is trading beneath the 50 line which indicates weak bearish momentum. If it continues to drop further beneath 50, we can expect Bitcoin to drop beneath $6,600.

ETH/USD Daily CHART SHORT TERM

Ethereum managed to increase as high as $191 this week where it met resistance at a bearish .618 Fibonacci Retracement level. More specifically, it was unable to break above resistance at $187 (1.618 Fibonacci Extension level). It rolled over from here to drop into support at $170.

Etheruem is bullish right now after creating a fresh high for April. However, if it continues to fall and drops beneath $160 it would be considered neutral with a further drop beneath $150 turning the market bearish.

The first level of support lies at $167 (.236 Fib Retracement). Beneath this, support lies at $160, $152 (.382 Fib Retracement), and $140 (.5 Fib Retracement).

On the other side, if the bulls push higher, the first level of resistance lies at $176 (1.414 Fib Extension). Above this, resistance lies at $187 (1.618 Fib Extension), $191 (bearish .618 Fib Retracement), and $200.

The RSI is above 50 to show that the bulls are not willing to give up control of the market momentum which is a good sign for ETH.

XRP/USD Daily CHART SHORT TERM

XRP rebounded from support at the rising trend line last week which allowed it to climb as high as $0.196 this weekend. However, we can see that it rolled over from here as it drops back into the support at $0.18 which is further bolstered by the rising support trend line.

XRP remains neutral at this moment in time, however, if it was to break beneath $0.18 we could consider the market as bearish.

Beneath $0.18, the first level of support lies at $0.17 (.382 Fib Retracement). Beneath this, support lies at $0.159 (.5 Fib Retracement), $0.147 (.618 Fib Retracement), and $0.14.

On the other side, resistance is located at $0.19, $0.196, and $0.20. Above $0.20, higher resistance is found at $0.211, $0.22, and $0.229 (bearish .5 Fib Retracement).

LINK/USD Daily CHART SHORT TERM

ChainLink has been on an absolute surge during April as it manages to rise toward the $3.70 level. It has since dropped lower but has managed to find support at $3.40, where lies the .236 Fibonacci Retracement level.

ChainLink remains bullish right now but must break $3.70 to continue this bull run. A break beneath $3.40 would turn it neutral with a further drop beneath $3.00 turning it bearish.

If the sellers break $3.40, support can be found at $3.20 and $3.13 (.382 Fib Retracement). Beneath this, support lies at $3.00, $2.91 (.5 Fib Retracement), and $2.69 (.618 Fib Retracement).

On the other hand, the first level of resistance lies at $3.66 and $3.70. Above this, resistance lies at $3.80, $4.00, and $4.13 (1.272 Fib Extension level). Additional resistance lies at $4.38 (1.414 Fib Extension) and $4.50.

The RSI is well above 50 to indicate the bulls dominate the market momentum.

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Market Update: Bitcoin, Ethereum, Ripple, and ChainLink - Where Are They Heading?

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Bitcoin saw a 2.44% price fall today as it straddles the $6,850 support.Ethereum dropped by a total of 4% as it drops into $170.Ripple fell by a total of 2.5% as it drops into $0.18.ChainLink dropped by 4.2% as it reaches support at $3.40.

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Yaz Sheikh

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Coin Gape

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Cryptocurrency Price Analysis: Bitcoin, Ethereum, Ripple, and ChainLink Where Are They Heading? - Coingape

Chainlink Cryptocurrency is Up 100 Percent YTD; What’s Behind the Intense Rally? – Bitcoinist

Chainlinks native cryptocurrency LINK has rebounded by more than 180 percent from its mid-March lows, beating top assets including Bitcoin and Ethereum.

The LINK-to-dollar exchange rate topped at $3.84 on Saturday as ParaFi Capital, one of the venture firms backingpopular DeFi platform MakerDAO, proposed to collateralize its stablecoin DAI using the LINK cryptocurrency.

The firm noted that LINK brings an attractive market cap, liquidity profile, and appetite for speculation, which could assist DAI in maintaining its US dollar-peg.

For context, lending protocol Aave has seen close to $20MM in LINK 2 supplied as collateral since launching in mid-January, wrote ParaFi. LINK is valued at over $1 billion and is also one of the most liquid ERC-20 tokens available. The token is relatively decentralized with no known kill-switch or blacklisting capabilities.

The speculation helped to bring more users to the Chainlink network. The number of LINK wallets last week surged at an average of 1,400 per day, leading analysts to predict an uptrend in the LINK prices.

The Chainlink predictions are coming to be accurate, at least in the near-term. The LINK-to-dollar exchange rate on Monday jumped 6.26 percent to $3.79, signaling traders willingness to keep the prices afloat above crucial support levels. The move uphill brought the pair up by more than 100 percent on a year-to-date timeframe.

In comparison, bitcoin was down 0.21 percent within the same period.

LINK/USD breaks above October 2019 Resistance | Source: TradingView.com, Binance

Chainlinks gains also led the prices above its long-term moving average, the 200-daily MA. The blue wave in the chart above is now likely to behave like psychological support a place of LINK token accumulation. That increases the possibility of the cryptocurrency to retest $4.10. An extended move above the said level could push LINKs upside target towards $4.81.

Notably, the Chainlink price is rising but remains at the risk of profit-taking. Once the MakerDAO hype fades, traders could start offloading their LINK positions to move into either Bitcoin or fiat. Part of the reason is the fast-spreading Coronavirus pandemic that has raised the demand for the US dollar among institutional and retail investors.

Another reason for a medium-term downside move could be low volume. The price of the cryptocurrency is rising but on meager trade volumes, which shows that a lesser number of traders are participating in the ongoing bull run.

That said, maintaining stop-loss orders on bullish positions is necessary to minimize risks should there by any surprising trend reversal.

Cover Image via Unsplash

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Chainlink Cryptocurrency is Up 100 Percent YTD; What's Behind the Intense Rally? - Bitcoinist

Ripple Executive Says Institutional Trading Boosting XRP Behind the Scenes, With Cryptocurrency Exchange Bitso Taking the Lead – The Daily Hodl

Institutional traders are bringing greater liquidity to Ripples XRP-powered cross-border payment product, On-Demand Liquidity (ODL), according to the companys vice president of global institutional markets.

Ripple VP Breanne Madigan says that XRP liquidity is the lifeblood of ODL, lowering the risk and cost of each cross-border transaction.

The continued growth of ODL has led to an expanding number of financial institutions, payment providers and market-makers to trade in XRP. The resulting increase in institutional trading volume has helped to bring further liquidity to XRP, specifically in ODL corridors in spite of the recent market turbulence surrounding the COVID pandemic.

Bitso, the largest crypto exchange in Mexico, has expanded its reach by utilizing ODL, dramatically increasing its XRP/peso volume.

It now also processes 2.5% of remittance transactions from the United States to Mexico, the third-largest remittance market in the world an achievement that the companys leadership chalks up to their partnership with Ripple.

According to Bitso head of finance Barbara Gonzalez Briseno, Ripples technology has enabled them to charge only a fraction of (traditional) wire transfer fees.

Madigan says that exchanges that arent ODL partners can also help increase XRP liquidity going forward.

But even non-ODL partner exchanges like Kraken or Coinbase will contribute to increased liquidity. As non-ODL partner exchanges continue to grow more mainstream, larger institutional traders will begin transacting in XRP, making order books including ODL order booksmore liquid.

Featured Image: Shutterstock/Irving Sandoval

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Ripple Executive Says Institutional Trading Boosting XRP Behind the Scenes, With Cryptocurrency Exchange Bitso Taking the Lead - The Daily Hodl

Modified Libra Cryptocurrency Still an Innovation, but Clear away Regulatory Barriers for More – Competitive Enterprise Institute

When the governing body of Libra, the Facebook-developed cryptocurrency, released a new white paper on April 16, the reaction was sort of a yawn. Press accounts referred to the significant changes announced by the Libra association as that of watering down or scaling back plans for the cryptocurrency.

I dont quite read it the white paper that way. Although Libra is adding some new features, and some of these are more pleasing to regulators, it still has the potential to be an amazing technology and change finance and payments as we know it. As I said in my initial statement, Changes to the Libras initial design, such as the new option of single-currency stablecoins that can be denominated in the currency of ones country, could result in faster payments and lower fees to transfer at a time when it is desperately needed.

I added, however, that Libra and other cryptocurrencies could serve functions other than initially imagined when cryptocurrencies were created a decade ago. Back then, it looked like serving as an alternative to central bank currency would be the most valued feature, as folks were worried about inflation in the wake of massive quantitative easing by the Federal Reserve. Today, given the Feds actions that dwarf those of the 2008 crisis (but more justifiable to many due to businesses and individuals being hit by something that was clearly not their fault), there still is some desire to hedge potentially debased national currencies.

But the potential for faster payments from Libra and other cryptocurrencies, at a time when the public and policy makers are looking to move money faster, may be the biggest draw. My friend Diego Zuluaga, policy analyst at the Cato Institute, writes that Libras changes make it more like PayPal and other electronic payment networks.

That may be so, and thats okay, as long as lawmakers and regulators dont manufacture more red tape to burden upstarts in financial technology. The history of capitalism is filled with consumers and producers changing their products purposes and what businesses were set up to do. Who would have thought even 10 years ago that a phone would be the prime place for listening to recorded music? And who before last month thought that distilleries could repurpose themselves so quickly to become makers of hand sanitizers with alcohol?

Even before the COVID-19 crisis, blockchain technology associated with cryptocurrency was already being utilized in countless new ways, from medical recordkeeping to land titling, as I noted in a CEI study last year. Now people are finding many ways that blockchain can be part of the solution in defeating COVID-19. For instance, scholars at Aston University in Birmingham, U.K., are researching a blockchain application to verify that medical equipment came from legitimate factories and is not defective.

Governments of the world have a duty to ensure that #NeverNeeded red tape doesnt keep cryptocurrency and blockchain creators from making these valuable contributions to our public health and prosperity.

CEI Research Associate Gibson Kirsch contributed to this post.

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Modified Libra Cryptocurrency Still an Innovation, but Clear away Regulatory Barriers for More - Competitive Enterprise Institute

Johor cops nab 14 Chinese nationals over cryptocurrency scams – The Star Online

ISKANDAR PUTERI: Police have arrested 14 men from China for involvement in cryptocurrency (bitcoin) scams in a house at Horizon Hills here.

Iskandar Puteri OCPD Asst Comm Dzulkhairi Mukhtar said the arrests were made around 2.15pm on Saturday (April 18) following a two-month long surveillance.

"The suspects are aged from 20 to 30 with three of them having no valid travel documents," he said when met by reporters at Iskandar Puteri police headquarters here on Sunday (April 19).

He added that the suspects targeted victims from China by impersonating as a successful investor.

"One of them would pose as a successful investor or a mentor while the rest will pose as investors before creating a group chat through WeChat and QQ application for each of their victims.

"All of the suspects would then give a fake testimony to persuade the victim into investing," he said, adding that the group has been active for the past two months.

ACP Dzulkhairi added that police are still investigating the total number of victims and the value of money scammed by the group.

The case is being investigated under Section 420 of the Penal Code for cheating which provides for a jail sentence of up to 10 years and caning, with the possibility of a fine, if convicted.

They are also being investigated under Section 6(1)(C) of the Immigration Act 1959/63, which provides for a fine of not more than RM10,000 or jail of up to five years, or both, and up to six strokes of whipping on conviction.

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Johor cops nab 14 Chinese nationals over cryptocurrency scams - The Star Online

Impact of COVID-19 on Open Source Software Market Comprehensive Report, Size, Status and Forecast 2020-2026 | Intel, Epson, IBM, Transcend, Oracle,…

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Open Compute Project Foundation Turns in Strong 2019 with 40% YoY Growth – Yahoo Finance

Study shows 2019 non-board member spend tops $3.6 billion, projects to hit $11.88 billion by 2023

AUSTIN, Texas, April 22, 2020 (GLOBE NEWSWIRE) -- The Open Compute Project Foundation (OCP), a collaborative community focused on redesigning hardware technology to efficiently support the growing demands on compute infrastructure, announces today the results of an updated independent assessment of the Open Compute Project market impact by Omdia, a global technology research powerhouse. Omdia was established following the merger of the research division of Informa Tech (Ovum, Heavy Reading and Tractica) and the acquired IHS Markit technology research portfolio. The study, commissioned by OCP, analyzes the global adoption and impact of OCP-certified gear in the technology industry. With the uptick in network usage and data demands associated with COVID-19, this report reveals critical information to serve as a basis for the data center sector and beyond to adjust their compass amid uncertain economic times.

At the close of 2019, Omdia interviewed OCP-certified equipment vendors and end users to supplement its ongoing discussions within the data center ecosystem, from server, power, network and rack vendors to silicon suppliers and system integrators. Data obtained from these discussions were fed into Omdias proprietary bottom-up models for estimating markets to determine the growth of 2019 non-board member adoption over the previous year. Participants shared how the market has changed over the last 12 months regarding technology demands, shifting compute to the edge, a circular economy, distribution models and more.

Among the preliminary findings:

We are witnessing a paradigm shift in the data center industry as adoption acceleration continues, comments Rocky Bullock, CEO for the Open Compute Project Foundation. We value the insights of the study to fuel our community to innovate, collaborate and improve the global ecosystem to support future growth.

These results confirm the increased emphasis on solutions that we have undertaken, adds Bill Carter, CTO for the Open Compute Project Foundation. Collaboration with open source software organizations and OCP solution providers is making open hardware easier to adopt and consume. The results also indicate that earlier enabling of a robust product offering and supply chain for edge products is broadening the reach of OCP products into new verticals.

Once again, the market has shown healthy maturation with significant revenue growth, states CliffGrossner, Ph.D., Executive Director Research & Technology Fellow at Omdia. We have seen the early embers of an emerging supply chain with a circular economy, innovations driven by OCP certification and hyperscale operators showing greater importance over the past year.

Please join us at the 2020 OCP Virtual Summit on May 12-15 to learn the complete details of the findings, including how the market has matured and shifted from 2018 and the projected track of dynamic growth expected through 2023. Dr.Grossner and Mr. Vladimir Galabov will present the detailed findings at 1:30 p.m. PST on Wednesday, May 13. Dr. Grossner will also present on Friday, May 15, Delivering the Open Edge: New opportunities for Collaboration during the OCP Future Technologies Symposium. The Summit and Symposium are free to attend. Click here to register.

About Open Compute Project Foundation (OCP)

The Open Compute Project Foundation (OCP) was initiated in 2011 with a mission to apply the benefits of open source and open collaboration to hardware and rapidly increase the pace of innovation in, near and around the data centers networking equipment, general purpose and GPU servers, storage devices and appliances, and scalable rack designs. OCPs collaboration model is being applied beyond the data center, helping to advance the telecom industry & EDGE infrastructure. http://www.opencompute.org

About Omdia

Omdia is a global technology research powerhouse, established following the merger of the research division of Informa Tech and the acquired IHS Markit technology research portfolio, Ovum, Tractica and Heavy Reading. We combine the expertise of more than 400 analysts across the entire technology spectrum covering 150 markets and publish over 3,000 research reports annually, reaching over 14,000 subscribers.

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Open Compute Project Foundation Turns in Strong 2019 with 40% YoY Growth - Yahoo Finance

COVID-19 contact tracing: The tricky balance between privacy and relief efforts – TechRepublic

As more governments consider the use of contact tracing apps to prevent the spread of coronavirus, researchers say privacy will have to be at the forefront of efforts in order for civilians to use it.

Image: Ministry of Health Singapore

Governments around the world have begun exploring the use of contact tracing apps as a key means for tracking and reducing the spread of coronavirus. Contact tracing is a method for warning people when they have been exposed to someone who has contracted a serious illness like COVID-19. This method has previously been used to better understand and limit the spread of HIV, meningitis, and other diseases.

It also allows for governments or health authorities to identify individuals who may have been in close contact with an infected COVID-19 confirmed case.

SEE:Coronavirus: Critical IT policies and tools every business needs(TechRepublic Premium)

Traditionally, contact tracing required a very labour intensive process, Gnana Bharathy, a systems and modelling lecturer at the University of Technology Sydney (UTS) told TechRepublic. But with technology such as smartphones, this has made contact tracing more efficient and easier to perform.

"Now, it is possible to do [contact tracing] through mobile phone data -- that is assuming people seldom part with their phone. Therefore, you could take the signals and then see which signals are coming into contact with devices owned by people who have contracted COVID-19," Bharathy explained.

"It's essentially the identification of the signals that actually come into contact with any non-risk signal. This particular view is quite helpful from a health perspective because this is one of those illnesses that can even finish asymptomatically."

SEE:Coronavirus having major effect on tech industry beyond supply chain delays (free PDF)(TechRepublic)

Rachael Falk, CEO of the Cyber Security Cooperative Research Centre (CSCRC), said with a serious public health crisis like the COVID-19 pandemic, digital contact tracing is helpful as positive cases need to be identified quickly, and particularly if the patients involved are unable to communicate with those who they come into contact with.

Singapore's TraceTogether application

Image: Ministry of Health Singapore

"Having an asset record a timestamp and a period of time is going to be better than our memory I think that's a good thing and particularly for highly infectious public health issues," Falk said.

In Singapore, the government has already released a contact tracing app, called TraceTogether, which traces the location and movements of individuals via mobile phones. Australia is currently working on a similar app that is based on the Singaporean app's source code.

Australian Prime Minister Scott Morrison said last week that using location information may be necessary to save lives and livelihoods.

"If that tool is going to help them do that, then this may be one of the sacrifices we have to make," Morrison said last week.

On the industry side, Google and Apple have also been working on contact tracing -- with their aim being to provide governments and researchers with as much information as possible to understand the spread patterns of coronavirus.

Apple and Google's iteration of contact tracing entails creating application program interfaces (APIs) that would help public health authorities design apps with contact tracing capabilities. These apps would then be available in both Apple's App Store and the Google Play store.

Belal Alsinglawi, an AI modeller for COVID-19 and data science lecturer at Western Sydney University, said Google and Apple's contact tracing efforts would save time and resources in developing applications to track the virus' spread, as well as give a bigger data picture regarding the pandemic's impact.

SEE:COVID-19: How artificial intelligence can help companies plan for the future(TechRepublic)

He explained that algorithmic forecasts of the COVID-19 pandemic -- especially AI-powered ones -- could be much more accurate, but there has been a lack of data available. Due to this, most models used by governments for tracking and forecasting have not relied on AI.

"[AI predicative methods] involve finding trends in past data, and using these insights to forecast future events and there's currently too few Australian cases to generate such a forecast for the country, with this being the same for many other countries too," Alsinglawi said.

"Once we have enough data inputs about COVID-19, it will facilitate the mission for AI researchers to develop a predictive framework for the future epidemic events, and as a result, more lives being saved."

The sensitive nature of medical information, collected from contact tracing, means that ensuring its privacy is particularly important. Due to this, plans to roll out contact tracing apps have not been without their fair share of critics, who have expressed concern that these apps do not have enough substance on the privacy and data protection fronts.Addressing these concerns, Australia's Minister for Government Services Stuart Robert said on Monday that so long as contact tracing apps do not have geolocation, it would not be known what is happening when a block of 15 minutes or more has been logged between two people.

"All we care about is who the person was next to because there's no geolocation, no one knows where the young person was or what they were doing, there's no surveillance at all. It's simply who they were near from a health point of view," Stuart said.

A day later, Australian Prime Minister Scott Morrison said Australia's upcoming contact tracing app would put data into an encrypted national store that is only accessible by the states and territories' "health detectives".

"The Commonwealth can't access the data. No government agency at the Commonwealth level, not the tax office, not government services, not Centrelink, not Home Affairs, not Department of Education, not childcare -- the Commonwealth will have no access to that data," Morrison said.

SEE:COVID-19: How cell phones are helping to track future cases(TechRepublic)

Falk, who is currently reviewing Australia's COVID-19 tracing app alongside the Digital Transformation Agency (DTA), backed the government's comments that Australia's iteration of contact tracing would be reasonably secure and private.

"The moment when you upload the app and you enter that data, that data is actually sitting in your handset, so nothing is going anywhere at that stage at all," she said.

"That data is sitting on your hands, along with the data of other people you might come into contact with for the period of time to satisfy a digital note being named in that app without a contact. But at that stage, that data is not going anywhere," she added.

When asked about the privacy concerns surrounding when data is temporarily stored inside the encrypted national store however, Falk declined to comment as testing around the app was still in progress.

Falk did acknowledge though, that any participation in using contact tracing apps should be voluntary, with Australians being allowed to take a conservative approach to protecting their online security and privacy if they wished to do so.

"From my perspective, I'll be [using TraceTogether], but it's opt-in and I recognise it is up to the individual's approach. I think it's right that Australians take a conservative approach to protecting their online security and privacy," Falk said.

The Director of the University of Western Australia Centre for Software and Security Practice, David Glance, took a different perspective, telling TechRepublic that while it was reassuring to see the CSCRC and DTA perform security tests on Australia's contact tracing app, there will always be privacy concerns due to the role health authorities have in collecting and using the information gathered.

"You've got to trust the implementation of infrastructure performed by the health authorities, which I don't. They're notoriously bad at running infrastructure, especially for something like this. And so, I think that's the fundamental problem," Glance said.

Previous data projects created by Australia's health authorities, like My Health Record, have been lambasted for having a lack of security measures.

Glance added that Singapore's version of TraceTogether, which Australia's contact tracing will be based upon, uses keys that are generated by its health authority and "potentially gives access to the data on your phones".

"They have the IDs of people who they are tracing so that's great because that enables your authorities to quickly work out who's been exposed and how to get in contact with the people who have been affected.

"But that means, essentially, you're relying on the government producing a version of the application that doesn't do other things we have legislation in Australia that allows people to do that so what's to say that the government doesn't use this app, once it's on your phone, to target you for keyboard login or to infiltrate your messaging or anything else?"

With governments, such as Australia, already set on implementing contact tracing, Dr Mahmoud Elkhodr at Central Queensland University noted that while there will never be a "perfect solution" for privacy, there are various mechanisms that could be applied to improve the balance between privacy concerns and the public benefit.

"The right to be forgotten also known as the 'right to erasure' is an EU rule which gives EU citizens the right to request deletion of their personal data from Internet companies such as Google. In Australia, this law is non-existent. So perhaps the first measure the government should take to preserve the privacy of Australians when using the TraceTogether app is to draft legislations and implement features that allow them to simply delete their location information from the app," Elkhodr said.

Elkhodr also proposed that governments should make their contact tracing applications open source if they are serious about addressing the privacy concerns.

"This enables transparency and provides the public with much needed assurances. The government should also ensure that the application will not be used outside its intended scope such as penalising non-essential travel," he said.

SEE:COVID-19 demonstrates the need for disaster recovery and business continuity plans(TechRepublic Premium)

Currently, Singapore's TraceTogether app is not open source software and is not subject to audit or oversight, however, the island nation committed to doing so last month.

Regardless of what security measures are put in place however, Elkhodr said the effectiveness of contact tracing apps would simply come down to whether people trust putting their data in the hands of government.

Glance, meanwhile, said that contact tracing is not a "silver bullet" even if it is successful.

"Testing is obviously the key to controlling disease and it has to be widespread testing.

"The fundamental issue is really, again, going back to what do you do next? Apps are not going to help us with that -- they're not going to help us if we decide to open the border. There is going to be a certain amount of infection. The key to that is testing," he said.

At the time of writing, the World Health Organization reported that there have been over 2.4 million confirmed cases, with over 163,000 fatalities as a result of the virus.

Strengthen your organization's IT security defenses by keeping abreast of the latest cybersecurity news, solutions, and best practices. Delivered Tuesdays and Thursdays

Verizon Media builds search engine to help researchers find COVID-19 documentsThe search engine was developed using Verizon's Vespa big data processing technology and comes in response to a nationwide open research data set challenge.

Robots assisting factory workers and retailers in fight against coronavirusRobots are playing an integral role in efforts to keep essential workers safe and transform factories for the effort against coronavirus.

Mayo Clinic uses self-driving shuttles to transport coronavirus tests on Florida campusAutonomous vehicles are delivering food to quarantined communities, and robots are disinfecting hospital rooms in China due to COVID-19.

New daily charts map out which states have flattened the COVID-19 death curveNone of the states with the highest COVID-related death rates such as Washington, New Jersey, New York, California, Michigan or Louisiana have flattened the curve. This data shows who has been successful.

Google Cloud launches new AI chatbot for COVID-19 informationThe Rapid Response Virtual Agent program includes open source templates for companies to add coronavirus content to their own chatbots.

Coronavirus data story tracks hot spots around the world and in the USAnalyst used Microsoft's Power BI and public data to visualize the rise and fall of the coronavirus country by country and state by state.

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COVID-19 contact tracing: The tricky balance between privacy and relief efforts - TechRepublic

Typosquatting RubyGems laced with Bitcoin-nabbing malware have been downloaded thousands of times – The Register

Malware in software packages means even trusted repositories are not always safe

A researcher has uncovered malicious packages in the RubyGems repository, one of which was downloaded more than 2,000 times.

RubyGems, the standard package manager for Ruby, was studied by threat analyst Tomislav Maljic at ReversingLabs, who highlighted research based on analysing packages submitted to the repository that have similar names to existing popular gems possible cases of "typosquatting," where perpetrators name a package using a common misspelling or substitute a character to mislead developers into installing it by mistake.

The research found over 400 suspect gems including "atlas-client", which was downloaded 2,100 times by developers likely looking for the legitimate gem named atlas_client. The rogue gems contained Windows executables renamed with a .png extension, along with a Ruby script that renamed and ran the file. The malware then created a new VBScript file along with an autorun registry key to run it on startup old-school malware and nothing too technical.

"It starts an infinite loop where it captures the user's clipboard data... the script then checks if the clipboard data matches the format of a cryptocurrency wallet address," Maljic reported. "If it does, it replaces the address with an attacker-controlled one."

In truth, the malware is not very advanced. It is looking for a Ruby developer on Windows whose system is also used for Bitcoin transactions. "A rare breed indeed," remarked Maljic. "At the time of writing this blog, seemingly no transactions were made for this wallet."

He added that "the RubyGems security team has been contacted, and all packages from reported users have been removed from the repository".

The bigger concern is how easy it is to get malware into one of the most widely used package managers. Modern software development is reliant on packages downloaded from repositories, not only RubyGems but also via NPM (JavaScript libraries), NuGet (.NET packages), Maven (Java), Cargo (Rust), PEAR for PHP, PyPI (Python) and many others. Last year the same researcher reported on an NPM package that steals passwords. In 2018, malicious code was found in the NPM package event-stream and was downloaded nearly 8 million times, according to open-source security specialist Snyk.

In February, the Linux Foundation published a white paper [PDF] on the security of the open-source software supply chain, concluding: "Software repositories, package managers, and vulnerability databases are all necessary components of the software supply chain, as are the developers and end users who leverage them. Unless and until the weaknesses inherent within their current designs and procedures are addressed, however, they will continue to expose the companies and developers who rely upon them to significant risk."

This includes not only malware, but also programming errors that introduce vulnerabilities.

The foundation undertook to convene "a meeting of global technology leaders in working across application and product security groups in order to design collective solutions to address these problems."

Tools exist to counter threats, including commercial software projects like OWASP Dependency Track, and the efforts of repositories to improve security. "We'll integrate GitHub and npm to improve the security of the open source software supply chain," GitHub CEO Nat Friedman said last week about the acquisition of NPM.

It is a tricky problem, and it is not only when writing code that developers should be careful what they type.

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Typosquatting RubyGems laced with Bitcoin-nabbing malware have been downloaded thousands of times - The Register

How DBS is reaping the dividends of digital transformation – ComputerWeekly.com

When some DBS Bank employees tested positive for Covid-19 early this year, the bank was able to use data from office access cards and Microsoft Office 365 calendars to conduct contact tracing within days. And within weeks, it rolled out an application that enables business customers to submit forms without visiting a branch.

The speed and agility at which DBS, Southeast Asias biggest lender, would not have been possible without the investments it made a decade ago to modernise its IT infrastructure, applications and business processes to spearhead digital transformation.

In an interview with Computer Weekly, DBSs group CIO Jimmy Ng talks up the banks technology initiatives amid the coronavirus outbreak and the next steps in its digital transformation journey, while VMwares vice-president and managing director for Southeast Asia and Korea, Sanjay Deshmukh, explains how the software company is supporting DBS in that journey.

Can you give us sense of how DBS is approaching technology to sharpen its competitive edge, especially with the entry of new digital banking players in markets across the region?

Jimmy Ng: I think we need to take a step back during times of crisis like the current coronavirus outbreak, because that will have great bearing on whats going to happen after we emerge from the crisis. I sense that over the next two years, digital banking is going to be the main channel through which people are going to transact. Covid-19 has been the main catalyst for people to adopt digital banking and thats going to accelerate digital adoption.

Right now, the crisis may seem like the worst of times because IT folks are working hard to keep the lights on, but its also the best of times because it has brought forth the value of technology and the investments weve made over the past decade to modernise our technology stack. But the transformation weve undertaken is not just in the way weve architected our infrastructure.

One of the biggest things we realised was the change in the mindset of our people. In the past five years, weve adopted agile and continuous integration and continuous delivery (CI/CD), enabling us to roll out releases more than 10 times faster than before and it played out nicely during this crisis.

For example, when you have a crisis, customers do not want to come to the office to hand you trade documents because of social distancing rules. So, within a couple of weeks, weve implemented an application to enable customers to submit their documents digitally. Weve been able to move very quickly and nimbly because of our processes and the infrastructure weve put in place.

Another area that weve put in a lot of effort is the use of data to make decisions. During the outbreak, when some of our staff were infected, we were able to use data from office access cards and Office 365 calendars to do contact tracing within days.

We also used video analytics and internet of things (IoT) to understand how we can space out our people so they can maintain a social distance. Our agility and modern infrastructure enabled us to ingest the data very quickly and has paid off in a rapidly changing environment. Amid all of that, we were still able to deliver on existing initiatives.

As for the new digital banking players, they will be formidable competitors, but we think we are in a very good position. In fact, were a digital bank already. Were going to double up on our efforts and continue to provide digital offerings. I believe that this is going to be the battlefield, especially after Covid-19.

As we all know, digital transformation is an ongoing effort. Whats at the top of your mind at this point in time? How are you thinking two or three steps forward from a CIOs perspective?

Ng: As we are battling Covid-19, weve been looking into technologies that we should focus on moving forward. For me, 5G is going to be a main infrastructure that will make it easier for us to work from home and extend our services for example, mobile ATMs in more locations amid a pandemic or emergency.

Theres no such thing as winners or losers because at some point a particular technology will become dominant, and the rest will catch up eventually Jimmy Ng, DBS

Another area is IoT and video analytics which will allow us to monitor crowds at ATMs and branches. And there will be more use cases that combine 5G, IoT and blockchain to enable our customers to manage their business.

Finally, lets not forget artificial intelligence (AI) and machine intelligence (ML), because if we have 5G and IoT coupled with AI, ML and data, well get a formidable suite of tools to enable our customer businesses and support our internal operations.

At the heart of the initiatives you talked about is the application and infrastructure stack. What changes or tweaks do you need to make in your technology stack to support those initiatives?

Ng: Our modern applications and stack form the basis of our technology foundation. Over the past five years, we have moved very aggressively into a virtual private cloud (VPC) environment. Very few banks have gone down that route, which has brought us a lot of benefits and enabled our staff to very conversant in the technology.

The next step for us is containerisation and moving into a hybrid cloud environment to achieve productivity gains and scale. That includes the greater use of public cloud services. There will be cases where public cloud providers have better capabilities and scale from an infrastructure perspective, so the ability for us to adopt those capabilities, including native cloud services, will be key.

I understand that DBS is still running some legacy applications. How are you managing their transition to modern apps?

Ng: We have a dual-prong strategy to tackle that. First, we are containerising legacy applications that will give us the ability to adopt public cloud at scale. Second, we are chipping away our core banking system, so that it becomes a very small part of the entire infrastructure.

And this includes your mainframe applications? Are they going to be eliminated at some point?

Ng: I think mainframe technology has changed a lot and its getting modernised. Our strategy is still to chip it away, with only a small part of it remaining through containerisation. That said, I dont think mainframe technology is going to come to a standstill.

The fact that IBM has bought Red Hat shows that theres going to be some progress in how theyre going to provide a migration path or enabling the use of mainframe hardware in more productive ways. So, it remains to be seen and were keeping our options open depending on how things pan out.

You rightly mentioned that this space is still evolving. How do you then hedge against the risks that you might be taking on with the use of multiple technologies and platforms, such as VMware and Red Hat OpenShift in the Kubernetes space?

Ng: We have adopted a multi-pronged approach even as we use both Cloud Foundry and OpenShift as our application platforms. We think the universe is big enough for a couple of players to co-exist. A multi-supplier strategy has always been part of our approach because technology moves so fast.

Theres no such thing as winners or losers because at some point a particular technology will become dominant, and the rest will catch up eventually. So, using a diverse set of technologies will give us the best innovation from leading suppliers, and as others improve, we can still reap the benefits of their improvements. Even for cloud, were not going to go with just one cloud provider.

How are you dealing with the potential complexities that could arise?

Ng: Itll be a more complex environment and probably not as efficient because we have to maintain two or more technologies. However, the strive for efficiency needs to be balanced with technology obsolescence. Its not an efficiency play; rather its a resilience play so that we can move forward as technology evolves.

We are constantly looking at new technologies and players we can place bets on. For example, we adopted MariaDB in the initial days and have scaled up its use, but we are also looking at new databases that are coming to market. As we can scan the horizon, we will make some good choices and some bad choices, but hopefully more good ones than bad.

Sanjay Deshmukh: As customers like DBS go multi-cloud, they can choose AWS, Azure or Google. To solve the complexity of investing in multiple platforms, were giving them a common infrastructure fabric across multiple clouds, alleviating the need to train their employees on multiple technologies.

On the management side, Jimmy talked about chipping away old applications and putting them into containers. Lets say for discussion sake, they run some of these applications in different cloud environments and infrastructure. Our management capability offers a consistent operations framework, which means if I'm an administrator, I will have one screen that gives me the ability to manage applications that are running in my datacentre on VMware infrastructure or a public cloud. This will help to shield organisations from the complexity of taking a multi-cloud approach.

We have been in this journey for the past 10 years and we are getting very comfortable with how we work, whether it is operating in squads or pulling together people from different departments to work in small teams and respond quickly to changing environments Jimmy Ng, DBS

Id also share a couple of things in terms of our relationship with DBS. Jimmy talked about their initiative that enables their customers to submit trade forms without visiting the branch if you break that down at the technology level, there are two things that are needed to respond to that situation.

First is the agility in building the application to respond to the business need. Thats one area where weve been partnering with DBS very closely with our Pivotal technology that provides the agility to build software in days, not months.

The second aspect is when developers are trying to respond to these market needs, they need infrastructure. In a traditional bank, it takes months or more to make the infrastructure available. With our partnership with DBS, their developers are able to self-provision the infrastructure that they need within the same day and serve their customers quickly.

Can you elaborate on any cultural challenges that you are grappling with when it comes to getting everyone up to speed on what the bank needs to do to take things forward from a technology perspective?

Ng: We have been in this journey for the past 10 years and we are getting very comfortable with how we work, whether it is operating in squads or pulling together people from different departments to work in small teams and respond quickly to changing environments.

Second, our culture of using data to drive insights has been fully entrenched. I think what we need to do more is to get people to understand the application of AI and the use of data to help the business in even more productive ways.

The third area that weve been looking at over the past two years is what we call a platform construct that brings business and technology teams together as co-owners of a particular platform. They own the budget and make decisions on what they want to build or operate. Everyone has the same set of key performance indicators (KPIs), and the biggest win is the true alignment of business and technology.

How does the open source culture play a part in the culture youve just described?

Ng: We are looking at becoming an engineering company and we run very much like a technology company. If you look at the characteristics the big technology giants, embracing open source is always one of them. We have built a library of digital assets internally, and weve been debating whether some of those assets should be made open source because its part and parcel of being an engineering company.

So, dont be surprised if one day, some of the toolkits that we have built are put out as open source software. Weve benefited a lot from open source, so its also our responsibility to contribute to the open source community.

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How DBS is reaping the dividends of digital transformation - ComputerWeekly.com