Bitcoin has managed to hold on above $9,000 for another day but it is slowly weakening and likely to drop below that support level by the weekend. The altcoins meanwhile are already sliding further and may well dump all recent gains.Bitcoin Support WeakeningThe pattern is pretty clear when looking at the BTC price 1 hour – Tradingview.comLower highs and lower lows indicate a continuation of this trend in the short term. Trader and analyst ‘Big Chonis’ has been doing the TA …“Yesterday’s daily candle had a nice bounce reaction to the MA200, today’s current bitcoin follow up looks to retest again, RSI drifting into mid 50’s, MACD with another lower high with volume continuing to decline, so far nothing says $9K is strong support just yet …”$BTC – yesterdays daily candle had a nice bounce reaction to the MA200, today’s current #bitcoin follow up looks to retest again, RSI drifting into mid 50’s, MACD with another lower high with volume continuing to decline, so far nothing says $9K is strong support just yet … pic.twitter.com/aDXx6WNBxS— Big Chonis⚔️Flux Trading Group🚀 (@BigChonis) October 31, 2019
The bearish sentiment is starting to return to crypto twitter as analysts start to agree that down is more likely than up. ‘Credible Crypto’ added that a fall back to the low $8,000 level is likely.“Either way I expect 8600-8800 to be hit sooner or later and if we clear the lows now I ultimately expect 8000-8200 to be met.”Current thoughts on $BTC IF the lows at $8917 (circled) are cleared. If we bounce before that, plan B comes into play. Either way I expect 8600-8800 to be hit sooner or later and if we clear the lows now I ultimately expect 8000-8200 to be met. pic.twitter.com/tkwytUlrdS— Credible Crypto (@CredibleCrypto) October 31, 2019
China fever is waning and it is back to business on Bitcoin markets which were heading downwards before the huge weekend boost.Altcoins in Pain AgainEthereum has declined by 2.5% over the past 24 hours as it drops back to $185. ETH really needs to keep hold of these gains to prevent an eventual collapse to $150. There has been no indication that it is ready to break free from the shadows of its big brother though.XRP just can’t break over $0.30 and has fallen back below it again today as the Ripple token loses 2%. Bitcoin Cash has also dropped 2% but it has been very bullish over the past week holding on to most of its gains. BCH is currently trading just below $290 but is primed to fall if BTC does.Litecoin and Binance Coin are flat, hovering around $60 and $20 respectively while EOS is dumping again in another 3% fall. Following its Samsung induced pump yesterday, Tron is dumping today as a 7% slide drops TRX back to $0.020.Around $5 billion has exited crypto markets over the past 24 hours as total capitalization falls to $245 billion. Markets are still up $40 billion on the same time last week but the bears are slowly returning and those gains are starting to erode.Image from Shutterstock
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Author: Martin Young
Ethereum price is under pressure and it could slide towards the $175 support against the US Dollar.Bitcoin is currently correcting higher and it recently tested the $9,000 support area.There was a break below a key bullish trend line with support near $186 on the hourly chart of ETH/USD (data feed via Kraken).The pair is currently consolidating near $182 and it could decline towards the $175 support.Ethereum price is struggling to continue higher versus the US Dollar, similar to Looking at the chart, Ethereum price is showing a lot of positive signs above the $175 support, but it might dip further in the short term. Having said that, the price is likely to bounce back above $190 as long as there is no daily close below $175.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.Hourly RSI – The RSI for ETH/USD is correcting moving higher and it might soon climb above the 50 level.Major Support Level – $175Major Resistance Level – $190
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Author: Aayush Jindal
Australian-based animation and visual effects studio Animal Logic has partnered with Alibaba Cloud to begin backing-up its on-premise production content into the cloud to meet the growing demand of media production.
As the production studio responsible for films such as The Lego Movie 2 and Peter Rabbit, Animal Logic said adopting a cloud storage platform would enable the company to scale its backup requirements and secure its backup solutions accordingly, especially during peak production periods where up to 150TB of data can be generated within a 24-hour period.
“Our partnership with Alibaba Cloud will provide us with the best technology to secure our content more efficiently. With Alibaba Cloud, we have the capability to backup large amounts of data and in turn, operate seamlessly even during our busiest times,” said Animal Logic CTO Darin Grant.
Alibaba Cloud added that as part of the partnership, the company designed a storage gateway and private networks to ensure minimum disturbance during data transfer.
Animal Logic’s decision to partner with Alibaba Cloud comes off the back of the company’s decision to retire several core legacy applications and aging on-premise hardware, the company stated.
Animal Logic joins a growing list of Australian companies that have chosen to leverage Alibaba Cloud. Others include The Iconic, Chemist Warehouse, and Airwallex.
Last month, Alibaba’s Australia and New Zealand managing director Maggie Zhou told ZDNet the company’s cloud computing business, which clocked a 90% spike in revenue during the second fiscal quarter last year, has been spurred by the company’s own experiences.
“We have already tested all the scenarios in China because it’s so big. What kind of problems and pain points [that users face on the cloud], we have already faced or solved on our e-commerce platform. This rich experience is wealth,” she said at the time.
“Not only has it enabled our own business, but other businesses as well whether it’s in retail, finance, or agriculture.”
The local operations, overseen by Zhou, now supports nearly 2,000 Australian and over 700 New Zealand brands on Tmall and Tmall Global, many of which entered China for the first time through Alibaba’s platform.
Alibaba has been operating in the Australia and New Zealand market since it opened its ANZ headquarters in Melbourne in 2017 and has no plans to stop capitalising on Australia’s appeal to Chinese consumers.
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Author: Team E-crypto News
Text editors are typically apolitical affairs. Developers use them to write code, and that’s about it. But yesterday, the makers of the popular open-source text editor Notepad++ released an update with the codename: “Free Uighur.” This fateful decision has incensed many Chinese netizens, consequently turning a bland utilitarian tool into another fracture in the already-fraught relationship between the West and the world’s newest superpower.
Notepad++ new release “Free Uyghur” edition (v7.8.1)https://t.co/26csP9b0f1#FreeUyghur #HumanRightsViolation #China
— Notepad++ (@Notepad_plus) October 29, 2019
At the heart of most open source software projects is GitHub, and it’s quite fitting that the front-line of this digital culture war is here. Already, the GitHub issues page (where developers and users highlight newly-discovered bugs within a program) has been brigaded by hundreds of angry posts, making it difficult for the developers to respond to genuine issues with the software.
“Foreigners usually treat China with double standards,” opined GitHub user HuChundong. Another post, from user cszongyang, had the title “Debunking Western Propaganda.” Their post contained a point-by-point refutation (for lack of a better word) of the established wisdom surrounding the lot of China’s Uighur ethnic minority, which centered on accusing Western media sources like CNN of Sinophobic prejudice.
Uighurs are a predominantly-Muslim ethnic group based in the North West of China, mostly centered in the Xinjiang Uighur Autonomous Province.
Human rights organization Amnesty International has accused the Chinese government of interning over a million Uighurs in what have been dubbed “re-education camps.” Outside of the detention camps, Xinjiang’s citizens live under a system of high-tech surveillance, and are routinely fingerprinted and searched by local authorities as they go about their ordinary business.
The issues tracker also contains submissions combatting the pro-China trolls. One post, titled “Message to Winnie the Pooh of China (aka Xi Jinping),” contains a somewhat trolling message that combines references to the notorious Tiananmen Square Massacre with juvenile playground insults.
Chinese authorities banned the 2018 film adaptation of the beloved AA Milne children’s book after social media posts compared China’s increasingly authoritarian president to the protagonist.
These two opposing forces have inadvertently combined to utterly derail any legitimate discussion about Notepad++. It’s also unclear if the project will face any further repercussions from Chinese authorities, such as a nation-wide ban. Fortunately, as a non-commercial project, the developers are relatively immune from any financial pressure that might entail as a result of the controversy.
This episode is the latest in a series of conflicts between Western figures and China. Earlier this year, the NBA faced boycotts after Houston Rockets general manager Daryl Morey tweeted in support of Hong Kong’s pro-democracy protestors.
And in October, gaming giant Blizzard banned pro-Hearthstone player Ng “Blitzchung” Wai Chung after he proclaimed “liberate Hong Kong” during a Chinese-language interview. After a public outcry in the West, Blizzard backed down, diluting Blitzchung’s one-year ban into a six-month suspension.
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Author: Team E-crypto News
Cray on Wednesday introduced its new ClusterStor E1000 highly-scalable storage system, which is designed for next generation exascale supercomputers as well as future datacenters that will require massive storage performance while running converged workloads. The ClusterStor E1000 uses Cray’s new global file storage system as well as a variety of storage media, including all-flash setups and mixes of hard drives and SSDs.
From a hardware point of view, Cray’s ClusterStor E1000 relies on a proprietary highly-parallel internal architecture, which in turn is based around uses purpose-engineered AMD EPYC (Rome)-based PCIe 4.0 system with 24 NVMe U.2 SSDs. The cluster then connects to an external HPC system using Cray’s 200 Gbps Slingshot, Infiniband EDR/HDR, or 100/200 Gbps Ethernet. The key peculiarity of the ClusterStor architecture is its flexibility and scalability: it can use a wide variety of hardware and storage media to offer the a range of different performance and capacity options. The highly-parallel architecture also enables ClusterStor E1000 to be used for converged workloads without any performance degradation.
On the software side of things, the ClusterStor E1000 uses Cray’s next-generation global file storage system as well as their ClusterStor Data Services system, which automatically aligns the data flow in the file system with the workflow by shifting I/O operations between different tiers of storage as appropriate. At all times, applications ‘think’ that they are dealing with a high-performance all-flash array, whereas ClusterStor E1000 uses both SSDs and HDDs to offer high-enough levels of performance and maximum storage capacity. The CDS supports scripted, scheduled or policy driven placement of data to provide optimal performance for different workloads.
Cray’s entry-level ClusterStor E1000 will offer about 60 TB of usable capacity while providing around 30 GB/s throughput. When scaled to its highest performance levels, the ClusterStor E1000 will deliver up to 1.6 TB/s sequential read/write speed and up to 50,000 IOPS per rack. Clients with more than one rack will naturally get higher performance.
For general customers, Cray’s ClusterStor E1000 systems will be available starting Q1 2020. Pricing will depend on exact configurations. Specially configured ClusterStor E1000 external storage systems will be used by Cray’s upcoming Aurora, Frontier, and El Capitan exascale supercomputers, which will feature over 1.3 ExaBytes of total storage space. Furthermore, the National Energy Research Scientific Computing Center (NERSC) will use a 30 PB all-flash ClusterStor E1000.
By launching its new ClusterStor E1000 storage platform, Cray concludes a complete redesign of its product portfolio that also encompasses Shasta supercomputers, Slingshot interconnects, and software.
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Author: Team E-crypto News