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Daily Archives: November 29, 2020
IIHS: Attention Slips As Drivers Get Used To Level 2 Automation – CleanTechnica
Posted: November 29, 2020 at 6:14 am
November 26th, 2020 by Jennifer Sensiba
A recent study by the Insurance Institute for Highway Safety (IIHS) shows that drivers tend to let attention lapse more as they get used to lane-centering driver assist.
In the study, 10 volunteers drove a vehicle with adaptive cruise control (ACC), or smart cruise control that maintains a follow distance and avoids colliding into other vehicles. A second set of 10 volunteers had adaptive cruise control and lane centering technology, so that the vehicle could drive on the highway without driver input. Presumably, all volunteers knew that the systems were not fully self-driving systems and that their attention would be required when driving, much like Teslas Autopilot.
According to IIHS Senior Research Scientist Ian Reagan, the two groups of drivers paid equal attention to the road when they first started using the systems. After a month, plenty of time for the volunteers to get used to the systems, those with both ACC and autosteer were far more likely to ignore the road than those with ACC alone. Drivers were more than twice as likely to show signs of disengagement after a month of using Pilot Assist compared with the beginning of the study, Reagan says. Compared with driving manually, they were more than 12 times as likely to take both hands off the wheel after theyd gotten used to how the lane centering worked.
The IIHS press release goes on to explain how the use of less than full automation can be more dangerous than either full self-driving cars (in theory, when they exist) or manual driving, because drivers are more likely to abuse the systems as they falsely gain trust in them. To solve this problem, different manufacturers take different approaches. Tesla uses the nag system that detects torque on the wheel, so it can tell whether one has hands on the wheel (assuming weights arent added to the wheel to defeat this safety feature). Some other manufacturers use a driver monitoring camera that will warn the driver and then disengage or stop the vehicle if the driver is not paying attention.
While theres debate on which approach is best, with many experts favoring driver monitoring, one thing is not really up for debate: that the driver is still required to pay attention to safely use these systems. Its important that drivers using semi-automated driving systems dont fall into complacency and start treating systems like Autopilot, Enhanced Autopilot, or the Full Self-Driving (FSD) beta like theyre true self-driving car systems.
As the new FSD beta is out longer and longer, be sure to remind yourself and others to not do what the drivers in this study did. Safety has to come first.
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Tags: IIHS, Tesla, Tesla autopilot, Tesla Full Self-Driving
Jennifer Sensiba Jennifer Sensiba is a long time efficient vehicle enthusiast, writer, and photographer. She grew up around a transmission shop, and has been experimenting with vehicle efficiency since she was 16 and drove a Pontiac Fiero. She likes to explore the Southwest US with her partner, kids, and animals.Follow her on Twitter for her latest articles and other random things: https://twitter.com/JenniferSensibaDo you think I've been helpful in your understanding of Tesla, clean energy, etc? Feel free to use my Tesla referral code to get yourself (and me) some small perks and discounts on their cars and solar products. https://www.tesla.com/referral/jennifer90562
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Mike Novogratz: Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin | News – Bitcoin News
Posted: at 6:14 am
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to levels seen in March when it crashed to under $4,000. Instead, he asserts that bitcoin prices shouldnt fall below $12,000 in this current cycle.
According to a report, the bitcoin bull says unlike 2017, current evidence supporting bitcoin prices is better than its ever been. Novogratz repeats the now widely accepted view that institutional investors are driving the current bull market. Novogratz explains:
This rally is being driven by institutions slowly getting into this space, high net-worth individuals, hedge funds, real institutions. Bitcoins become a macro-asset.
The participation by these players along with increased regulation should smooth out some of bitcoins volatility.
Novogratz also comments on U.S. President-Elect Joe Bidens pick for the Treasury Secretary post, former Federal Reserve Chairperson, Janet Yellen. The former Federal Reserve Chair has previously said she is not a fan of bitcoin and that it is a highly speculative asset.
Although Yellens possible return as the U.S. Treasury boss has rattled some within the crypto space Novogratz is not overly worried because a lot has changed since she made the comments. Instead, the CEO thinks Yellens general dovishness should be good for hard assets like gold and bitcoin.
Novogratz concludes by sharing his thoughts on altcoins saying:
You can lose 60% of your money in a day. And so fair warning, if youre going to play in those things, do it with small size and know what youre doing.
Meanwhile, not everyone agrees with the narrative that the entry of institutional investors into the crypto market is the only significant factor behind the bitcoin bull-run. Marcus Swanepoel, the CEO Luno exchange says retail volumes have increased in the past few months.
In a Twitter post, Swanepoel writes:
This bitcoin bull run is not just from institutions. Our (retail) volumes in South Africa, Malaysia, Nigeria, and Indonesia all trebled over last month and (are) at all-time highs. Emerging market consumers are voting with their money and theyre ready for a better financial system.
Meanwhile, at the time of writing, bitcoin had dropped from over $19,350 reported on many exchanges to just above the $17,000 handle.
What are your thoughts on Novogratzs belief that BTC will not go below $12,000 in this cycle? Share your views in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Robots on the rise as Americans experience record job losses amid pandemic – The Guardian
Posted: at 6:14 am
They can check you in and deliver orange juice to your hotel room, answer your questions about a missing package, whip up sushi and pack up thousands of subscription boxes. And, perhaps most importantly, they are completely immune to Covid-19. While people have had a hard time in the coronavirus pandemic, robots are having a moment.
The Covid-19 pandemic has left millions of Americans unemployed disproportionately those in the service industries where women and people of color make up the largest share of the labor force. In October, 11 million people were unemployed in the US, compared with about 6 million people who were without a job during the same time last year.
And as humans are experiencing record job losses and economic uncertainty, robots have become a hot commodity. Multiple technology manufacturers have reported increased demand for their bots over the course of the pandemic, from drone-like machines that can roam hallways to make deliveries and AI-powered customer service software to increased use of self-service checkouts at supermarkets.
A recent report from the World Economic Forum predicted that by 2025 the next wave of automation turbocharged by the pandemic will disrupt 85m jobs globally. New jobs will be created but businesses, governments and workers must plan to urgently work together to implement a new vision for the global workforce.
The hospitality industry, which has been one of the hardest-hit by the pandemic, has seen a clear uptick in the adoption of new technology during the pandemic. Hotels are allowing guests to use kiosks to check themselves in, apps to control the television and light switches in their room and a few use delivery bots to send to guests room when they want a refreshment.
Ron Swidler, chief information officer of the Gettys Group, a hotel design and development consultancy firm, said more hotels are experimenting with new technology during the pandemic. Swidler leads the Hotel of Tomorrow, a consortium of hospitality leaders that was re-upped in the middle of the pandemic to think of ways to innovate the industry. The group came up with five big ideas on how the industry needs to change, and new technology including robots are a core part of the equation.
The cost [of automation] is coming down, the technology is getting better and we are seeing innovation working effectively in other parts of the world that we can transfer here, Swidler said, citing Alibabas FlyZoo hotel that is staffed nearly entirely by technology, from check-in to room service.
While the idea of being serviced by a BB-8 lookalike in a hotel may seem strange, Swidler said permanent job losses in the industry will be a reality as hotels adopt new technologies to try to save on labor costs.
It is unclear whether the increased demand for new technology has directly caused job losses during the pandemic, but a discussion paper published by the Federal Reserve Bank of Philadelphia in September found that automatable jobs occupations that could be replaced by technology that is in development or is already available lost 4.2 more jobs per every 100 than occupations that are less at risk for automation. Occupations that are considered automatable include hotel desk clerks, shuttle drivers and retail salespeople, according to the paper.
The papers authors raise the widely shared concern that the automation undertaken during the pandemic will be a permanent replacement for jobs.
The longer time it takes to fully control the virus, the higher the probability that the labor-saving technology will become permanent, said Lei Ding, senior economic advisor at the Federal Reserve Bank of Philadelphia and co-author of the paper. Job losses will become permanent losses.
Currently, there are only anecdotal examples of permanent job loss due to an uptick in automation brought on by the pandemic, but the layoffs of hundreds of Pennsylvania toll booth workers provides one clear example of how labor-saving technology can sweep away jobs.
In June, the Pennsylvania Turnpike Commission laid off about 500 toll collectors in the state when it switched to all-electronic toll collecting.
For years, the commission had talked about replacing toll booth workers with automated collectors, and they finally gave workers a timeline. Per a union agreement, workers were supposed to be kept on payroll until at least October 2021, with final layoffs happening by January 2022.
The longer time it takes to fully control the virus, the higher the probability that the labor-saving technology will become permanent
When the pandemic arrived, collectors were sent home in March and were promised that the commission would still uphold the October 2021 date. But in June, the commission permanently laid off all workers, over a year before the agreed date.
We understand the safety of employees is the most important thing, but for them to have safety mean the elimination of their jobs Its been devastating, said Jock Rowe, principal officer for Teamsters Local 77, the union representing 300 of the laid-off toll workers.
Rowe cited other toll-collecting agencies that brought back toll workers with enhanced safety measures, including the Port Authority of New York and New Jersey.
The impact of a recession on the growth of automation has been well-documented by economists and has shown that automation does not grow steadily, but rather happens in bursts. Businesses are more likely to automate after experiencing economic shocks, when they have strong incentives to save on labor.
For a study published in 2016, researchers from the University of Rochester combed through 87m job postings online from before and after the Great Recession. They found that employers in cities that were hit hardest by the recession were replacing workers with labor-saving technology and more skilled workers. A report published by the Century Foundation found that robot intensity increased in 2009, in the immediate wake of the Great Recession, particularly in the manufacturing industry.
While an increase in automation can be good for educated workers and help to stimulate the economy, studies have also shown that new technology tends to leave low-wage workers behind.
Automation has been a major driver in the increase in inequality, said Daron Acemoglu, an economist at the Massachusetts Institute of Technology. Acemoglu co-authored a study published in May that showed automation creates a prosperity gap that benefits high-skilled workers at the sake of lower-skilled workers.
Low-wage workers are not only more susceptible to job loss and wage depression due to automation, but they also experienced the most job losses due to shutdowns. Higher-wage workers are more likely to be able to work from home during the pandemic, while lower-wage workers a disproportionate number of whom are Black or Hispanic were more susceptible to layoffs due to shutdown orders.
Automation has been a major driver in the increase in inequality
An important caveat many roboticists will point out is that artificial intelligence technology is not quite smart enough to cause mass waves of layoffs due to robots. New AI technology can take a lot of money, time and resources to set up, something that many businesses do not have during the pandemic.
You should definitely not worry about losing your job to an AI-enabled robot right now. If youre going to lose your job to automation, its going to be some proven, well-known automation that is more than 10 or 15 years old, said Matt Beane, an assistant professor at the University of Santa Barbaras Technology Management Program.
AI has tremendous potential for making humans more productive without replacing humans, Acemoglu said, if society takes a human-centric approach to technological advances. But without the political will to make sure those who do lose jobs are taken care of, by training them for new jobs, for example, the impact of automation may be devastating and a pandemic that has already hit those workers hardest could be leave a lasting legacy of unemployment.
Im not saying automation is terrible What Im saying is it would be terrible if we put all the eggs in the automation basket, Acemoglu said. We have to a large extent done so over the last 30 years. [The pandemic] will just exacerbate that.
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Will ‘money printer go brrr’ rob Bitcoin of its all-time high? – Cointelegraph
Posted: at 6:14 am
Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value to a multi-year long bear market. In the years since, the asset has never again come close to these price highs until now. At time of publication, crypto's first currency is once again trading a few percentage points away from its previous milestone.
While crossing $20,000 may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all-time high in terms of buying power at that point thanks to inflation.
If you bought #Bitcoin at the top in December 2017, you wont truly recover your buying power until we hit 21.24k, podcaster Vlad Costea said in a tweet on Tuesday. Costea used $20,000 as Bitcoins high, putting the numbers and dates into an inflation calculator to determine the most accurate figures.
U.S. dollar holders lose approximately 2% of their purchasing power per year on average from inflation. Official datareveals2.13% inflation in 2017, 2.49% in 2018, 1.76% in 2019 and 1.86% in 2020.
Bitcoins last all-time high varied across exchanges. Coinbase's price index shows that Bitcoin reached a record high of $19,891.99 on Dec. 16, 2017. Using this number, Bitcoin must reach $21,131.02 to once again hold the same purchasing power as it did in 2017, according to Officialdata.orgs inflation calculator.
Other previous historical Bitcoin levels also show inflationary impact, although not particularly notable. Bitcoins $1,200 level in 2013 values about $1,341 in todays dollars.
With all the United States money printing in 2020, however, the future will tell whether this year will ultimately have a greater inflationary impact on the U.S. dollar than the currently stated sub-2%.
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Automation and Instrumentation Market Procurement Report | Roadmap to Recovery for Businesses From the Impact of COVID-19 Pandemic | SpendEdge -…
Posted: at 6:14 am
LONDON--(BUSINESS WIRE)--The new Automation and Instrumentation market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads.
As the markets recover, SpendEdge expects the Automation and Instrumentation market size to grow by USD 24 billion during the period 2020-2024.
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the Automation and Instrumentation market. Download free report sample
Automation And Instrumentation Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Automation and Instrumentation research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.
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This market intelligence report on Automation and Instrumentation answers to all the critical problems faced by investors who seek cost-saving opportunities in a competitive market. It also offers actionable anecdotes on the industry structure and supply market forecasts including highlights of the top vendors in this market. Our procurement experts have determined effective category pricing strategies that are attuned to the dynamics of this market which can be leveraged to maximize revenue generation against minimum investments on the products.
Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment
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Automation was the secret weapon for many businesses during pandemic – ITProPortal
Posted: at 6:14 am
As the Covid-19 pandemic gripped businesses all over the world, many turned to automation technology and artificial intelligence for help, and are producing stellar results.
A new report from Deloitte, based on a poll of 441 executives from 29 different countries, claims that two thirds of business leaders (68 percent) used automation to tackle the coronavirus crisis, bringing the total number of businesses using the modern tech to about 73 percent. The figure is up from 48 percent last year.
Furthermore, the number of businesses that deployed automation at scale tripled in the last two years. The number of businesses with 50 and more automations almost doubled in a year, and tripled in the last two years.
Deloitte's latest UK CFO survey also argues that were just seeing the beginning of business transformation, as it now considered the biggest investment for the next year. Two thirds of CFOs in the UK expect their business to invest more in organization and business process improvements, such as restructuring, streamlining and automation.
Implementing the new technology, however, is not without its challenges, and if businesses are to continue on this path, they will need to retrain and upskill their workforce. The report says that over the next three years, business leaders can expect to have to retrain a third of their workforce.
Today, almost a quarter (23 percent) of workers experienced their roles changing because of automation. A tenth has already had to retrain due to the significant changes brought upon them by the tech.
Deloittes full report can be found on this link.
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Why Is Bitcoin’s Price Rising? Here Are a Few Possible Answers – CoinDesk
Posted: at 6:14 am
Whats behind this current run-up in the price of bitcoin? Thats a question for which many people want a definitive answer. So far, one unifying theory is tough to come by.
What we do know is that since mid-October the price of bitcoin shot up from the $11,000 range to the cusp of $19,000. And while prices are a few hundred dollars shy of its all-time high, bitcoins market cap recently set a record by breaking above $345 billion; since the mega-rally in 2017, more bitcoin has been mined and put into circulation.
For a large swath of market observers, the cause of the rally is clear: more buyers with deeper pockets. If so, that augurs well for continued gains. But theres also a plausible theory that unusual circumstances have temporarily constrained supply, calling into question the rallys staying power.
The case for demand: New money
It seems not a day goes by without some story of a major financial institution warming up to bitcoin, if not outright embracing it. A CIO at BlackRock saying on CNBC that it could take the place of gold to a large extent. An analyst at Citi saying bitcoin could reach $318,000 by the end of 2021. A report from JPMorgan claiming institutions are buying at three times the amount they were in the previous quarter.
The world is in the midst of a pandemic that is wreaking economic turmoil on every continent, even Antarctica. Central banks are printing fiat currency as fast as they can (funnily enough, Hewlett Packards stock is up 3% year to date). Governments are also in on the act, throwing trillions of dollars, euros and anything else they can borrow in an effort to stave off an economic calamity that would lead to social unrest and violence in the streets or more of it.
Since its birth in the depths of the global financial crisis more than a decade ago, such potentially inflationary measures were exactly the sort of things bitcoin advocates warned about, and perhaps secretly hoped for, when they began stocking up on digital assets.
Bitcoin addresses holding at least 1,000 BTC vs. bitcoin price
Then theres the data. CoinDesks Galen Moore spells out in a recent piece four ways this current rally is different from the one of 2017. More whale accounts are holding 1,000 or more bitcoin than ever before, and unlike three years ago they have been growing in number with higher prices. Bitcoin and its closest rival, ether, are making recent highs together, whereas in 2017 ethers record prices were in the rearview mirror for months after bitcoin was going higher. Regulated markets are part of the mix this time around, with the CME daily futures trading volume hitting north of $1 billion several days the past few months. And since the start of 2020 some 200,000 bitcoin have been sold by investors in East Asia to satiate the growing appetites of their counterparts in North America.
These are all profoundly bullish signals. However, there remains a gnawing why question: Why just now?
After all, preliminary data on three vaccines for COVID-19 have shown an efficacy rate of 90% or higher. The very physical threat that loomed over workplaces and every aspect of everyones life may soon be gone. And even on the political front, uncertainty in the United States over who will run the federal government in a couple of months has also begun to dissipate.
The case for supply: Bottled-up bitcoin
Part of what makes the narratives to the current run-up seem so attractive is they focus on the demand side of the explanation. Yet, as we all know, supply is the other side of the equation. Is there enough bitcoin to slake the thirst of all those new buyers who have entered the market, spurred by economic worries and egged on by analysts?
Months ago, supply was the big topic among those who talk about crypto. Bitcoin was undergoing a halving, whereby rewards given for successfully mining a block were cut in half. That would automatically lead to a surge in prices, went the theory, because there were going to be 900 fewer new bitcoin added to supply every day but there were new buyers added every day. This was back in early May; in the subsequent couple of months bitcoins price stayed around the $9,000 range. As halvings are known events programmed into bitcoins code since the very beginning, the market apparently wasnt all too surprised when it actually happened.
Getting back to what else we know, one thing to add to that list is that in China, site of the lions share of bitcoins hash power, a government crackdown is taking its toll on some of the crypto exchanges that cater to the countrys miners and traders. The crackdown isnt necessarily about halting crypto but rather trying to stamp out money laundering. It just so happens crypto exchanges are possibly, maybe, suspected in the mix. Thus executives at exchanges have been getting the third degree.
At OKEx, a key executive literally, the guy who had the keys for OKExs addresses went MIA and only recently resurfaced after spending some time talking to authorities in China. In the meantime, the allegedly Malta-based exchange was forced to halt withdrawals because, obviously, only one person had such keys for one of the worlds largest trading venues and he happened to be in China. It is hoped OKEx has figured out a contingency plan in case someone gets hit by a bus.
Outflows of bitcoin from OKEx vs. bitcoin price
Oh, and the date this all started? Oct. 16. That happens to be a couple of days before the price broke out of the trading range between $10,000 and $12,000, where it had bounced around since July.
The case against supply: Business as usual
Then again, just because one cant withdraw bitcoin from OKEx, that doesnt mean one cant trade on it. In fact, open interest on its futures contracts are at $1.22 billion, according to Skew. Thats the biggest open interest figure for any exchange. The CME, for instance, is $200 million smaller.
Bitcoin Futures Open Interest by Exchange
While bitcoin can neither flow into or out of OKEx, its price is in line with those of its rivals.
BTCs price on OKEx is not that different from other exchanges, Ki Young Ju, chief executive officer of data provider CryptoQuant, told CoinDesks Muyao Shen. [P]eople can trade their BTC on OKEx despite the withdrawal suspension.
And miners are finding other venues to unload their newly minted bitcoin; Huobi, Binance and other exchanges seem to be picking up the slack, according to data from Chainalysis. Unfortunately, it hasnt been Robinhood-easy for some miners to then convert their crypto into fiat (in this case, Chinese yuan) because of the money laundering crackdown.
Stay tuned
The two explanations for bitcoins bull run discussed above new demand and bottled-up supply are not mutually exclusive. Soon, at least one of them will be put to the test: OKEx is expected to allow withdrawals by Friday of this week.
With all of the institutional flow around crypto, I dont think the status of any single exchange is enough to affect prices beyond typical daily volatility, George Clayton, managing partner of investment firm Cryptanalysis Capital, told CoinDesks Daniel Cawrey.
That may very well be the case. We will likely know by the end of this week. When we do, well be finally able to figure out if this is a demand-driven or a supply-driven market. That is, if it was really about there being more buyers or if it was truly about there being fewer sellers.
In the meantime, keep an eye out for when OKEx allows withdrawals again.
Today's markets
Bitcoin is trading at fresh 35-month highs above $19,000, having defended the psychological support of $18,000 during the Asian trading hours. The crypto market leader is now just 4% short of testing the record high of $19,783.
Hence, most alternative cryptocurrencies, which are still down significantly from their respective lifetime highs, are beginning to look relatively cheap. For instance, ether, the second-largest cryptocurrency by market value, is down at least 57% from the peak price of $1,431 reached in January 2018, despite having gained over 50% this month alone.
Should bitcoins uptrend slow, investors could rotate money to cheap alternative cryptocurrencies. During aggressive rallies in the price of bitcoin, market participants sell their alternative cryptocurrencies for bitcoin to capture the upside. Once bitcoin slows down, the capital flows back into alternative cryptocurrencies, and a valuation parity is found, Nicholas Pelecanos, head of trading at NEM Ventures, said.
In traditional markets, U.S. stock futures are flashing green while gold and the U..S. dollar are nursing losses. Risk sentiment remains firm on coronavirus vaccine optimism and ebbing political uncertainty in Washington, D.C. President Trump said his aides would cooperate with President-elect Joe Bidens transition to the White House, easing concerns about a drawn-out period of uncertainty.
Bitcoin watch
Bitcoin price chart shows history looking to repeat itself.
Bitcoin looks to be replicating moves seen following the 2016 mining reward halving.
The leading cryptocurrency by market value has rallied by $9,000 in the past seven weeks and looks set to challenge the all-time high of $19,783 reached in December 2017.
Notably, the cryptocurrency is closing on record highs 6.5 months following its third mining reward halving, which took place on May 11 this year. Reward halving refers to a programmed 50% reduction in block rewards executed every four years to keep inflation under check.
The latest move toward record highs looks similar to the one seen four years ago.
Bitcoin underwent its second halving on July 9, 2016, when prices were trading near $650. By the end of February 2017, that is, seven months after halving, the cryptocurrency had set a new peak price above the November 2013 high of $1,163.
The rally did not stop there, and the cryptocurrency went on to hit a record price of $19,783, as noted earlier. If history is a guide, bitcoin could see a significant rally in 2021.
Most analysts expect bitcoin to explore the uncharted territory above $20,000 over the next 12 months, courtesy of increasing institutional participation and bitcoins growing appeal as an inflation hedge.
According to Su Zhu, CEO of Three Arrows Capital, $36,000 is the level to watch out for once the cryptocurrency establishes a foothold above $20,000.
This [$36,000] is the strike with the largest bitcoin open interest on Deribit exchange, the dominant market leader in bitcoin and ether-settled options trading, Zhu tweeted.
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Why Is Bitcoin's Price Rising? Here Are a Few Possible Answers - CoinDesk
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Ericsson taps into industry momentum for network orchestration and automation – ComputerWeekly.com
Posted: at 6:14 am
In what it describes as a significantindustry milestone, Ericsson has revealed that it has passed the century mark for its orchestrator technology in the third quarter of 2020, securing 139 commercial orchestration dealswith more than 100 global communications service providers.
The Ericsson Orchestrator is designed to enable automation of hybrid infrastructure, including PNFs and VNFs, in a multi-supplier environment. It supports resource orchestration, VNF lifecycle management and end-to-end service orchestration for both telecom and enterprise environments.
Ericsson said the key benefits of its orchestration offering include providing the capabilities that service providers need to operate their networks efficiently, increase agility, build new services quickly and future-proof their networks to stay ahead in the race to obtain 5G market share.
Orchestration is also a vital component for 5G network slicing, which is predicted to be a key revenue enabler in the 5G arena. A recent study from Juniper Research calculated that the growth of 5G networks will be robust over the next five years, with 5G revenue set to represent 44% of global operator billed revenue at the end of the study period because of rapid migration of 4G mobile subscribers to 5G networks and new business use cases enabled by 5G technology.
This would mean operator billed revenue from 5G connections is projected to reach $357bn by 2025, rising from $5bn in 2020, its first full year of commercial service.
Ericsson claims that with its orchestration solution, customers can expect to reduce time to market for new service development by up to 70%, reduce operational costs by up to 30%, and enable new enterprise service revenues.
Our smart orchestration solutions transform our customers operations to cut time to market, automate order fulfilment and improve operations, said Peo Lehto, head of Ericsson Solution Area OSS. This is made possible with efficient lifecycle management and closed-loop assurance built with artificial intelligence and machine learning.
Ericsson claims it is sealing wins in what it says is current industry momentum in the areas of network virtualisation, automation and orchestration as next-generation infrastructures build out. Its publicly announced orchestration contracts include deals with Verizon, TIM, NTT DoCoMo, Telefnica and Swisscom.
Three-fifths of Ericsson Orchestrator customers are said to have selected the system for management and orchestration of NFV infrastructure and virtual network (NFVi) functions.
The company also noted that the number of service providers orchestrating advanced enterprise services is increasing, that many enterprise services are multi-supplier, and service providers expect to be able to orchestrate multicloud services in the future. It said the current top three enterprise services are: SD-WAN orchestration; WAN optimisation, often in conjunction with SD-WAN; and enterprise security services.
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Bitcoin faces this final resistance zone before $20K all-time high – Cointelegraph
Posted: at 6:14 am
Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level.
On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a slight pullback to sub-$19,300.
The minor rejection likely occurred because of the stacks of sell orders between $19,450 and $19,550.
A popular pseudonymous trader known as Byzantine General shared the order books of all major exchanges that showed $19,500 as a key area for sellers.
Vijay Boyapati, a Bitcoin researcher, similarly said that the $19,500$19,550 range remains as the last sell wall before a new all-time high.
If Bitcoin does not retest the $19,500 area again in the next several hours, this could mean that another drop is likely. Considering that it would be the last resistance until the new all-time high, traders expect some reaction from sellers.
Another small pullback would benefit Bitcoin because it would further neutralize the futures funding rate. The funding rate of BTC futures has increased once again to 0.07% on Binance Futures and other exchanges.
Considering that the average funding rate of Bitcoin is 0.01%, another short-term drop to reset the derivatives market may even strengthen the upward momentum.
However, a variable to consider is that the number of shorts in the Bitcoin market is at its highest since April.
In March, the price of Bitcoin crashed to below $3,600. Subsequently, it continued to climb, eventually surpassing $19,000. The rally accelerated in April when short contracts hit a yearly high.
The likelihood of a short squeeze rises when the number of short contracts in the market increases. A short squeeze occurs when the price of an asset continues to go up despite the presence of significant selling pressure.
This trend causes short-sellers to market-buy their positions, fueling more buying demand in the market. A pseudonymous analyst known as Cactus wrote:
If the number of shorts continues to increase, it would also cause the futures funding rate to decline. In a way, this could make the rally more sustainable in the medium term.
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Bitcoin faces this final resistance zone before $20K all-time high - Cointelegraph
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Automation to shape cybersecurity activities in 2021 – Help Net Security
Posted: at 6:14 am
Automation will play a major role in shaping cybersecurity attack and defence activities in 2021, WatchGuard predicts.
Traditionally a high-investment, high-return targeted attack, in 2021 automation tools will replace manual techniques to help cybercriminals launch spear phishing campaigns at record volumes, by harvesting victim-specific data from social media sites and company web pages.
And as society continues to grapple with the impact of COVID-19, it is likely that these automated spear phishing attacks will prey on fears around the pandemic, politics and the economy.
Conversely, the research team believes that automation will also help cloud-hosting providers such as Amazon, Microsoft and Google to crack down on cybercriminal groups abusing their reputation and services to launch malicious attacks.
Threat actors commonly host website HTML files designed to mimic a legitimate website like Microsoft 365 or Google Drive to steal credentials submitted by unsuspecting victims. But in 2021, these companies will deploy automated tools and file validation technologies that will spot spoofed authentication portals.
In its annual look ahead to the next 12 months, the tumultuous events of 2020 will impact the threat landscape next year and for years to come. Other predictions include:
As more companies adopt VPNs and Remote Desktop Protocol (RDP) solutions to provide secure connections to employees working from home, attacks against them will double in 2021. If an attacker can compromise VPN, RDP or remote connection servers, they have an unobstructed path into the corporate network.
Endpoints have become a high priority target for attackers during the global pandemic and many personal computers are still running legacy software that is difficult to patch or update.
With Microsoft just ending its extended support program for Windows 7, organizations are warned to expect at least one major new Windows 7 vulnerability to make headlines in 2021.
Authentication is the cornerstone of strong security; but with billions of usernames and passwords available on the dark web and the prevalence of automated authentication attacks, no Internet-exposed service is safe from cyber intrusion if it isnt using multi-factor authentication (MFA). In fact, any service without MFA enabled is highly likely to be compromised in 2021.
As we have learnt in 2020, it is very difficult to predict what is going to happen in the future, says Corey Nachreiner, CTO at WatchGuard.
But our Threat Lab team along with other researchers around the world have an increasing level of analytics and insight to make well-informed guesses. Cybercriminals always look for the weak links, so the growing ranks of home workers are an obvious target and when it comes to new technologies such as automation and AI, what can work for good, can also be exploited for malicious activity. Its just a case of trying to stay one step ahead.
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Automation to shape cybersecurity activities in 2021 - Help Net Security
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