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Techster and Stakater Join Forces with Hydro66 to Deliver Enhanced Enterprise Kubernetes Solutions

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Rapid growth customer focused IT supplier Techster and Kubernetes implementation specialist Stakater join forces to deliver a fully managed Enterprise Kubernetes application platform from Hydro66 data center

Boden, Sweden–(Newsfile Corp. – June 9, 2020) – Hydro66 Holdings Corp. (CSE: SIX) (OTCQB: HYHDF) (“Hydro66” or the “Company“), the ultra-low emissions cloud infrastructure company, is delighted to announce that Techster, Stockholm based full-service IT provider and Stakater, the authority for Kubernetes adoption for DevSecOps automation, are now delivering Enterprise Kubernetes solutions from its data center in Boden, Sweden.

John Elison, CTO Techster, said: “Working with high energy technology companies like Stakater means delivering IT capacity quickly and at scale for them to meet their customer objectives. Identifying a like-minded colocation company, Hydro66, allows us to meet and exceed challenging deliverables. For us, the environmental perspective on what we deliver is very important and is prioritized, which is why we have chosen Hydro66 as a partner and use their data center. We look forward to many more similar deployments.”

Rasheed Amir, CEO Stakater commented: “Making Kubernetes adoption painless for Enterprise DevSecOps automation is the founding mission of Stakater. The new combined approach to the market of our managed Kubernetes offering with Techster hardware and Hydro66 colocation will enable a new level of customer performance and service levels. Our focus has always been on helping customers deliver cloud native apps faster with minimal operational friction, so we are delighted to enter a trusted partnership with Techster and Hydro66.”

David Rowe, CEO Hydro66 commented: “This new three-way partnership will deliver enhanced efficiency at multiple layers of the IT stack. In essence, Kubernetes is an efficiency story, and it is in the DNA of Hydro66 to drive efficiencies where possible. We are delighted to work with Techster and Stakater to enable companies everywhere to accelerate their plans for cloud.”

About Hydro66

Hydro66 owns and operates an award-winning colocation data center in Sweden specializing in ultra-low emissions cloud infrastructure hosting. The Company hosts its own and third party IT infrastructure, utilizing 100% green power, at amongst the EU’s lowest power prices and within an ISO27001 and OCP accredited facility.

Hydro66 is uniquely positioned to capitalize on opportunities in cloud infrastructure, HPC and the traditional Enterprise colocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. www.hydro66.com

FOR MORE INFORMATION, PLEASE CONTACT:

Paul Morrison
Chief Commercial Officer, Hydro66
[email protected]

About Techster

Techster was founded in 2014 to challenge the status quo. The Company exists to prove that it is possible to challenge large established retailers. Combining innovative thinking and new technology delivers novel business benefits to our customers. Maintaining strict vendor neutrality and always keeping the needs of our customers at the center, we have formed an offer that few competitors can match.

Our clients see us as a trusted advisor to help with external monitoring and the execution of ideas. Thanks to the role of a general contractor, Techster is used to working on projects with several involved partners. The primary guiding principle is that the collaboration must benefit the customer no matter what the universe of possibilities looks like. Our customers demand and expect quick answers, precise deliveries and availability – these are business as usual hygiene factors for us.

Techster delivers full life cycle solutions through selected partnerships with leaders such as Stakater, Hydro66, DellEMC, HPE, Arista, Cisco, PureStorage, VMware, Microsoft, Redhat, F5, PaloAlto, Runecast and others.

FOR MORE INFORMATION, PLEASE CONTACT:

John Elison
Chief Technology Officer, Techster AB
[email protected]

About Stakater

Stakater was born in 2016 with a mission to enable painless DevSecOps transformation, centred around Kubernetes, for enterprises. Stakater has full-stack competence across all layers from infrastructure to applications and tools, enabling it to offer enterprises a holistic approach when adopting kubernetes for their devsecops, containerisation and cloud-native strategies. Stakater implementations not only benefit developers in the organisation but also offer Operations and Management to realise the full benefits of a DevSecOps methodology.

Stakater understands the unique needs of each client and that one size does not fit all, offering organisations consultation and the use of tools that suit them specifically. With its partners, Stakater is able to offer solutions to enterprises across various industries, as well as different organisation sizes and use cases.

FOR MORE INFORMATION, PLEASE CONTACT:

Rasheed Amir
Chief Executive Officer, Stakater AB
[email protected]

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI

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Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.

James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.

In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.

Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.

The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.

In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.

The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.

The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.

Source: kitco.com

The post Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI appeared first on HIPTHER Alerts.

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Blockchain

NYSE gauges interest in 24/7 stock trading like crypto

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According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.

In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.

However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.

Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.

According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.

While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”

NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.

The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.

“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.

“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.

Source: cointelegraph.com

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Blockchain

Online Banking Market to Grow at CAGR of 14.20% through 2033, Key Takeaways of Digital Banking, Banking Ecosystem, Financial Giants & Disruptive Startups

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