Home / Tech News / Bitcoin’s Price Was Artificially Inflated, Fueling Skyrocketing Value, Researchers Say

Bitcoin’s Price Was Artificially Inflated, Fueling Skyrocketing Value, Researchers Say

A University of Texas team found evidence that a cryptocurrency boom may have been largely due to manipulation.

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Bitcoin’s Price Was Artificially Inflated, Fueling Skyrocketing Value, Researchers Say

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After twenty years of Salesforce, what Marc Benioff got right and wrong about the cloud

Grant Miller Contributor Share on Twitter Grant Miller is the co-founder of Replicated As we enter the 20th year of Salesforce, there’s an interesting opportunity to reflect back on the change that Marc Benioff created with the software-as-a-service (SaaS) model for enterprise software with his launch of Salesforce.com. This model has been validated by the annual revenue stream of SaaS companies, which is fast approaching $100 billion by most estimates, and it will likely continue to transform many slower-moving industries for years to come. However, for the cornerstone market in IT — large enterprise-software deals — SaaS represents less than 25 percent of total revenue , according to most market estimates. This split is even evident in the most recent high profile “SaaS” acquisition of GitHub by Microsoft, with over 50 percent of GitHub’s revenue coming from the sale of their on-prem offering, GitHub Enterprise .   Data privacy and security is also becoming a major issue, with Benioff himself even pushing for a U.S. privacy law on par with GDPR in the European Union. While consumer data is often the focus of such discussions, it’s worth remembering that SaaS providers store and process an incredible amount of personal data on behalf of their customers, and the content of that data goes well beyond email addresses for sales leads. It’s time to reconsider the SaaS model in a modern context, integrating developments of the last nearly two decades so that enterprise software can reach its full potential. More specifically, we need to consider the impact of IaaS and “cloud-native computing” on enterprise software, and how they’re blurring the lines between SaaS and on-premises applications. As the world around enterprise software shifts and the tools for building it advance, do we really need such stark distinctions about what can run where? Source: Getty Images/KTSDESIGN/SCIENCE PHOTO LIBRARY The original cloud software thesis In his book, Behind the Cloud , Benioff lays out four primary reasons for the introduction of the cloud-based SaaS model: Realigning vendor success with customer success by creating a subscription-based pricing model that grows with each customer’s usage (providing the opportunity to “land and expand”). Previously, software licenses often cost millions of dollars and were paid upfront, each year after which the customer was obligated to pay an additional 20 percent for support fees. This traditional pricing structure created significant financial barriers to adoption and made procurement painful and elongated

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