Articles about Currency

Gartner: Brexit to wipe $4.6bn off tech spending in Blighty

BREXIT Crystal ball strokers at Gartner have calculated Brexit will wipe $4.6bn off the value of tech spending in the UK this year, and the resulting Sterling currency volatility will force US vendors to hike prices. Gartner hit the emergency button this morning following the vote, and re-forecast earlier projections from 1.7 per …
Gavin Clarke, 24 Jun 2016

Vendors suspend tech orders as Brexit slaps Brit pound

BREXIT If there is one thing the IT industry despises it is uncertainty and there was lashing of the stuff poured across the UK following the Brexit vote. Most major vendors already came out in favour of the Remain camp - including Microsoft, IBM, HPE, SAP, EMC, Cisco and many others - the result was so unexpected for the community …
Paul Kunert, 24 Jun 2016
Pennies in a jar. Photo via Shutterstock

Technology shares slide with Brexit vote, except ARM

BREXIT Shares in British technology companies are mostly sliding after citizens of the United Kingdom voted for the nation to leave the European Union. The FTSE 100 fell more than 8 per cent at opening this morning, slicing over £100bn off of the market capitalisation of the UK's most highly rated bluechips, although this has since …
EU egg timer, photo via Shutterstock

Why you should Vote Remain: Bananas, bathwater and babies

Comment I like this tweet: History of Europe: War War War War War War War Arguments about bananas. To be honest, I'll probably go with banana arguments. #remain — Pavilion Opinions (@pavilionopinion) 29 April 2016 Never mind any arguments about the UK being sucked into a superstate and whether that's a good thing or the …

Dr Craig Wright lodges 51 blockchain patents with Blighty IP office

Wannabe Bitcoin creator Dr Craig yeah Wright has filed more than 50 patent applications relating to the crypto currency with the UK Intellectual Property Office. Dr Wright submitted the paperwork in the UK through EITC Holdings registered in Antigua. EITC Holdings filed 25 patents with the Office last week. These bear titles …
Darren Pauli, 22 Jun 2016

Intel chips in with blockchain code for Hyperledger

The Linux Foundation's Hyperledger Project has another big name on board: Intel. The project was announced in December, but got its first serious impetus back in February when IBM slung its blockchain code into the effort. During this month, the project has coalesced further, and is on the prowl for more contributors. A …
Burning money, photo via Shutterstock

A month to save digital currency Ethereum?

Digital currency Ethereum may have less than a month to live. In just one day, the currency has plummeted in value by nearly a third after it was revealed one of its main backers had been hacked and $50m worth of "ethers" were moved to a different entity. "An attack has been found and exploited in the DAO [decentralized …
Kieren McCarthy, 17 Jun 2016

Microsoft planning blockchain-as-a-service for Azure apps

Microsoft might not be keen on Bitcoin, but it's cock-a-hoop about the backend blockchain the currency uses and has given the first details of Project Bletchley, a plan to add the tech into Azure services via some new middleware. "Project Bletchley is a vision for Microsoft to deliver Blockchain-as-a-Service (BaaS) that is …
Iain Thomson, 16 Jun 2016

Oooooklahoma! Where the cops can stop and empty your bank cards – on just a hunch

Police in Oklahoma are deploying an electronic scanner that can drain currency from prepaid credit cards seized at the roadside using civil asset forfeiture laws. The Electronic Recovery and Access to Data (ERAD) handheld scanner was developed at the request of the Department of Homeland Security for use by US border guards. …
Iain Thomson, 08 Jun 2016
Gnu doing its thing... by https://www.flickr.com/photos/eiriknewth/ cc2.0 attribution generic https://creativecommons.org/licenses/by/2.0/

GNU cryptocurrency aims at 'the mainstream economy not the black market'

GNU and an outfit called “Inria” have released Alpha code – version 0.0.0 to be precise – of an anonymous-but-taxable electronic payments system they say is “a currency for the mainstream economy, and not the black market.” “Taler”, as the effort is dubbed, looks to be an attempt to build on the concepts behind Bitcoin. So …
Simon Sharwood, 06 Jun 2016
Liam Neeson, Taken

Want a job that pays at least $90,000 a year? Get into ransomware

An analysis of the finances and operation of a ransomware outfit has shown it's entirely possible to bankroll a modest-sized crime gang on victims' payoffs. Dark web monitoring firm Flashpoint has been following a ransomware-as-a-service campaign organized by Russian crooks since December 2015, tracking the recruitment of …
Iain Thomson, 03 Jun 2016

Winston Churchill glowers from Blighty's plastic fiver

The Bank of England today unveiled the UK's first plastic banknote - a polymer fiver featuring Winston Churchill. Speaking at a ceremony at Churchill's birthplace, Blenheim Palace, the bank's governor Mark Carney declared: "The New Fiver will commemorate the achievements of the only Prime Minister to win the Nobel Prize for …
Lester Haines, 02 Jun 2016
Extortion

Miscreants demand Bitcoins to stay silent on 'dirty secrets' of Tumblr, LinkedIn hack victims

The FBI has issued an unusual warning about a new breed of scammers looking to get rich off the back of recent high-profile data breaches. According to the agency's Internet Crime Complaint Center (IC3), a large volume of emails are being reported where the sender claims to have used data from recent breaches at LinkedIn, …
Iain Thomson, 01 Jun 2016
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Bitcoin to be hammered – in an auction, that is

Australia is getting ready to sell off a bunch of Bitcoin seized by police under proceeds of crime laws, in an international auction. Ernst & Young will put more than 24,000 Bitcoin under the hammer, so to speak, at a most-current valuation of around US$11.5 million (more than AU$16 million). The auction is slated for June 20 …
Burning money, photo via Shutterstock

'Australia tax' doesn't apply to Azure

Microsoft is offering unintentional discounts to Azure users. The discounts are available if you pre-pay for a year of Azure. If you do so, Microsoft kindly trims your bill by five per cent once you spend a certain amount. If you're billed in US Dollars, that threshold spend is US$6,000. If you choose another currency, …
Simon Sharwood, 31 May 2016

Surface Book nightmare: Microsoft won't fix 'Sleep of Death' bug

Hands-on In its most recent quarterly earnings report, Microsoft highlighted its increasingly popular Surface line as the growth leader in its More Personal Computing line of business. Surface led the category with 61 per cent growth in constant currency, a rise driven by the top products in the line, the Surface Pro 4 tablet and the …
Addison Snell, 27 May 2016
HP's Multi Jet Fusion 3D printer

HP Inc-eption: Our new 3D printers print themselves, says CEO

Just like Leonardo DiCaprio and his photogenic pals crafted dream worlds out of dream worlds in the hit flick Inception, we're told HP Ink prints its 3D printers using its 3D printers. Take one of HP Ink's new and expensive 3D printers, and you can print out half of the components needed to build another one, CEO Dion Weisler …
Chris Williams, 26 May 2016

Lost your shirt in the MtGox Bitcoin mess? Release the Kraken!

The operators of the Kraken alt-coin exchange will distribute $91m in Bitcoins to people left out of pocket by the 2014 MtGox collapse. Kraken, appointed to oversee what remains of the MtGox estate, says it has reviewed thousands of claims by MtGox's customers, who want their BTC back. Kraken will now hand out millions of …
Shaun Nichols, 25 May 2016
US Dollars by https://www.flickr.com/photos/pictures-of-money/  https://creativecommons.org/licenses/by/2.0/ Attribution 2.0 Generic (CC BY 2.0)

Hardware sizzles for HPE – and brings home the bacon

Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise. For the three months ended 30 April (second quarter fiscal year 2016 – summary, tables [PDFs]), HPE's turnover edged up one per cent …
Paul Kunert, 25 May 2016
Graph of US dollar going up CC 2.0 https://www.flickr.com/photos/68751915@N05/ 401kcalculator.org.

Salesforce slaps UK Enterprise customers with 40% price hike

British Salesforce customers have been disproportionately hit by a price hike of the cloudy business' enterprise CRM system. The price for its Lightning Enterprise Edition software in the US increased by 20 per cent to $150 (£103) per month, while in Blighty prices rose 41 per cent to £120. One customer got in touch with The …
Kat Hall, 23 May 2016
Tabby cat cuddles roll of one-hundred dollar bills. Photo by Shutterstock

Got $130,000 down the back of the sofa? Great. Grab an HP 3D printer

The first of HP Inc’s much-delayed (and cynics might say over-hyped 3D printer) is to hit the market “late” this year – launching into a crowded space with a challenger device the firm hopes will brighten its future. The Jet Fusion 3D 3200 will sell for $130,000 – add another $25,000 for services including post-processing …
Paul Kunert, 17 May 2016
prison

Cyber-moolah boss gets 20 years' porridge for money laundering

The boss of virtual currency exchange Liberty Reserve has been sentenced to 20 years in prison and fined $500,000 after pleading guilty to money laundering. Ten years ago, Arthur Budovsky, now 42, set up Liberty Reserve in Costa Rica to exchange virtual currencies for dollars and euros, taking a one per cent transaction fee …
Iain Thomson, 09 May 2016
Bitcoin punch cards

Bitcoin chief boffin blocked

The Bitcoin Foundation's chief scientist Gavin Andresen has paid the price for supporting a claim by Australian Craig Wright that he is the secretive creator of the digi-currency, Satoshi Nakamoto: his write access to the Bitcoin Core code repository has been revoked. Yeah Wright's boasts were quickly debunked and his …
Kieren McCarthy, 06 May 2016
Ireland and Great Britain map, image via Shutterstock

Sayonara, Brits! The Irish tech sector could benefit from Brexit

There appears to be a broad consensus that a Brexit would be bad for Ireland: that Ireland’s economy would be seriously affected if the UK decides to leave the EU on June 23. A report by Irish business lobby group Ibec has warned of “the far-reaching impact on Ireland if our nearest neighbour, key trading partner and close …
Billy MacInnes, 06 May 2016

'Bitcoin creator' Craig Yeah Wright in meltdown

The creator of Craig Wright, Craig Wright, has managed to stay in the news for a fourth day: this time for having a depressingly inevitable meltdown following his failure, yet again, to prove he is the inventor of digi-currency bitcoin. Earlier this week, the Australian went direct to three UK media outlets -– the BBC, …
Kieren McCarthy, 05 May 2016
Pennies in a jar. Photo via Shutterstock

Long term sick-note abuser Misco not losing nearly as much money

A pinkish hue has yet to return to the cheeks of sickly European reseller Misco but its latest financials indicate the patient is finally out of intensive care - the same cannot be said of its parent. Most of Misco’s vital statistics improved in calendar Q1, all but sales which slipped 5.3 per cent to $258.2m - or were down a …
Paul Kunert, 04 May 2016

EU set to bin €500 note

The European Central Bank (ECB) will likely agree today to stop production of the meaty €500 note, which has long been considered a handy tool for criminals wishing to do illicit transactions with cash wedges of manageable dimensions. According to the Wall Street Journal, the ECB's Governing Council will decide not to produce …
Lester Haines, 04 May 2016

Argos defection to Tech Data whips Ingram Micro's bottom... line

The loss of a retail supply contract with Argos helped push Ingram Micro’s European sales growth into the barrier’s during car crash Q1 financials. The US-headquartered tech distributor reported sales of $2.66bn on this side of the pond for the period ended 31 March. This was down 13.35 per cent year-on-year. Ingram is being …
Paul Kunert, 03 May 2016
Mechanical hands produce gold bars on assembly line. Photo by Shutterstock

What's Zuck planning with his Facebook bots? Maximum $ilo revenue

Analysis Facebook smashed through expectations for its first quarter of the year. A surge in mobile ads saw revenue up 52 per cent to $5.38bn while the user base grew to 1.65 billion – 22 per cent of the world’s population, and extracting every byte of data (and every penny from those bytes) from that existing user base is the company' …
Job cuts jpeg

Avnet checks legacy data kit sales stats, panics

Enterprise tech distie Avnet Technology Solutions is back in cost cutting mode amid fears that flakey demand for “legacy” tech will continue. The firm reported an 8.3 per cent decline in sales of $2.13bn for Q3 of fiscal ’16 ended 2 April, this was down 6.9 per cent in constant currency. The top line was at the “low-end of …
Paul Kunert, 29 Apr 2016
Happy business people celebrate. Photo by Shutterstock

There's never been a better time to be a product reseller... if you like pain

Tough times are here again for the on-premise infrastructure providers with Insight Enterprises the latest to report top line slippage. The global reseller filed sales of $1.17bn for calendar Q1, down four per cent year-on-year, as declines in European and Asia Pacific ops wiped out the slight progress made in North America. …
Paul Kunert, 29 Apr 2016
Bike jumper, image Christian Bertrand courtesy Shutterstock

Ireland's tech sector fears fallout of Brexit 'Yes' vote

The Republic of Ireland’s IT industry would be damaged if its second-biggest trading partner Britain left the European Union. Firms are concerned about the impact on exports - particularly if the British economy and sterling hit the skids. Some think Ireland could benefit from international firms wanting an English-speaking …
SA Mathieson, 29 Apr 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
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Flat sales, falling earnings? That will be FY'16 for Datatec

The parent of integrator Logicalis and distie Westcon is to report a double digit drop in earnings and flat sales for the fiscal ’16 ended February, it warned today. Progress on both fronts was downed by the “significant strengthening of the US dollar and mixed global economic conditions”, South African stock exchange-listed …
Paul Kunert, 26 Apr 2016
US Dollars by https://www.flickr.com/photos/pictures-of-money/  https://creativecommons.org/licenses/by/2.0/ Attribution 2.0 Generic (CC BY 2.0)

Microsoft to hike certification exam prices

Microsoft has warned it is about to increase the cost of exams for its certifications, but can't offer any guidance on just how high the rise will be be or when details of the hike will emerge. Microsoft says “There will be a price adjustment on Microsoft certification exams in July 2016” and reckons that by posting news of …
Simon Sharwood, 26 Apr 2016
Storm

Microsoft's Azure and Office 365 growth slows

Analysis Microsoft has reiterated its belief in a mythical annual income of $20bn from cloud despite growth in Azure and its apps-as-a-service business slowing. Chief executive Satya Nadella Thursday reiterated the existing belief Microsoft will hit £20bn “run rate” in cloud business for fiscal 2018. That’s the fiscal year after …
Gavin Clarke, 22 Apr 2016
Strom Clouds

Stalled cloud growth, software flatlining, hated Lumias unsold... It's all fine, says Microsoft CEO

Microsoft is putting a brave face on disappointing third-quarter earnings that saw profits fall 25 per cent year-on-year and cloud revenues failing to rise fast enough to offset losses in other areas. Earnings per share were $0.62 non-GAAP, down 23 per cent from 2015, compared to analysts' estimates of $0.64. "We had a solid …
Iain Thomson, 21 Apr 2016
Stock market image via Shutterstock

The suits in finance are cutting down on tech spend – Computacenter

Some financial services institutions are taking a break from spending cash on tech, London-based supplier giant Computacenter said today as it reported a Q1 trading update. The services-based reseller revealed a four per cent year-on-year dip in UK turnover to £348.6m for the three months ended 31 March. Product sales dropped …
Paul Kunert, 21 Apr 2016

Cybercrooks turn away from banks. Your health records are far juicier

Cybercrooks are switching up targets moving away from retail and financial services onto healthcare and government last year, according to figures from IBM’s security business. Retail drops out of top five most attacked sector while financial targets dropped from #1 to #3 in IBM X-Force’s 2016 Cyber Security Intelligence Index …
John Leyden, 20 Apr 2016
Train wreck

IBM shuffles units, axes staff, sees profit shrink

IBM's attempts to re-organize its businesses and focus on its Watson cloud-AI-offering-thing did not prevent Big Blue from tumbling to its sixteenth consecutive quarter of falling revenue. The enterprise giant said on Monday that its new "reporting structures" will show how it is focusing on growth markets like cloud services …
Shaun Nichols, 19 Apr 2016
Businesswoman shoots arrow from cliff at balloon holding up rival... Bit silly conceptual art. Photo by Shutterstock

Salesforce takes AIM, hits bullseye in enterprise integration

If you buy into the IBM and Oracle PR that they are cloud “leaders” and are successfully transitioning their on-prem software businesses, think again. Gartner’s latest assessment of the application infrastructure and middleware (AIM) market serves as a timely slap in the kisser. The report demonstrates that gold made by those …
Gavin Clarke, 14 Apr 2016
hacker

What exactly is it that infosec miscreants get up to? A quick overview

If corporate IT infrastructures are a battlefield, then the cybercriminals are putting up a good fight. Last year saw some nasty breaches. Anthem Insurance, which lost nearly 80 million records, and the US Office of Personnel Management, which lost 21 million records after failing to encrypt its records. Cybercriminals are …
Danny Bradbury, 13 Apr 2016
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Cash, fear and uncertainty: The Holy Trinity of Bitcoin and blockchain

Feature Writing anything about Bitcoin or blockchains is a challenge. It's not the easiest technology to understand – not because it's particularly complex, but because it's grown into something of a confused mess of different technologies and applications. It also "looks" strange compared to most technologies that we're used to. Plus …
Matt Reynolds, 12 Apr 2016
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Gartner: Why we had to dash tech cash splash

Tech spending stats look quite respectable for 2016, but only in certain product areas or geographies and only in a constant currency basis. Performing a classic flip-flop, Gartner today downgraded earlier forecasts by a whole percentage point, and told us it now expects customers to collectively find $3.49 trillion for new …
Paul Kunert, 07 Apr 2016
 Putting text-reading robots to work. Arthur_Caranta, CC BY-SA

Global IT spend sags

The worldwide IT market will fall 0.5 per cent in value in 2016 to $3.49tn, according to revised Gartner figures. The market watcher had previously forecasted 0.5 per cent rise in the year, but currency fluctuation put paid to that earlier notion. Optimisation as opposed to big cost-cutting is the key IT spending theme "As an …
Drew Cullen, 07 Apr 2016
Bitcoin is the future of money CC 2.0 by Jonathan Waller https://www.flickr.com/photos/whitez/

Not Bitcoin, but close: Red Hat and Microsoft bite into blockchain tech

Red Hat is offering upstart financial types the opportunity to play with blockchain tech on its OpenShift platform. The news comes a day after Microsoft struck a deal to investigate blockchain tech in partnership with major financial institutions. In a blog post, Redmond exec veep of business development, Peggy Johnson, wrote …
Joe Fay, 05 Apr 2016

Brexit: Time to make your plans, UK IT biz

Analysis The Brexit debate continues and, with the Leave and Remain camps neck and neck, it looks likely that the undecided few will carry the result. It seems that we can expect more headline-grabbing soundbites until the vote on June 23. The polarised nature of this debate is throwing up some interesting oddities, so you might be …
Frank Jennings, 31 Mar 2016
Doctors run to save patient. Photo by Shutterstock

Wait... who broke that? Things you need to do to make your world diagnosable

You only ever discover the inadequacy of your system management, monitoring and diagnosis tools when something goes wrong and there's a gulf between what you want to do and what you need to do. Here are 10 things you can do to maximise your chances of diagnosing the problem when the brown stuff hits the ventilator. Ladies and …
Dave Cartwright, 24 Mar 2016

Cloud security harder than 'encrypt everything'

Australia's wildly-enthusiastic adoption of cloud computing is providing the rest of the world a crucible in which a host of security challenges can be cultured, according to F5 security researcher David Holmes. Speaking to The Register's networking desk while visiting the antipodes, Holmes said that “Australia is becoming the …
Monty Python sketch: Nobody expects the Spanish Inquisition

Microsoft's Linux Inquisitor Grand Master is off to Spotify

Linux and Android device makers can breath a little easier: their IP bête noir has left Microsoft. The lawyer running Microsoft’s intellectual property inquisition, Horacio Gutierrez, has left after 18 years. He’s jumped to streaming service Spotify. Gutierrez joined Microsoft in 1998 but ran the company’s LCA innovation and …
Gavin Clarke, 18 Mar 2016