South Korean prosecutors say Do Kwon ‘obviously on the run’,

South Korean prosecutors have refuted Du Kwon’s claim from over the weekend that he is not on the run and asked Interpol to issue a red notice against the Terraform Labs’ co-founder, escalating the publicly playing out drama following the $40 billion wipeout on his cryptocurrency startup in May this year.

The Seoul Southern District Prosecutor’s Office said Monday that

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Cloud computing is about to hit another big milestone


Image: Shutterstock

Spending on cloud services is about to hit another key tipping point, as business customers spent $18.3 billion on cloud computing and storage infrastructure in the first quarter (Q1) of 2022, up 17.2% year over year.

The total includes budgets on shared and dedicated infrastructure. A major driver of growth was spending on shared cloud infrastructure, which made

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Cloud computing: Oracle and Microsoft make your database loo…


For big businesses, Microsoft has become the cloud-computing provider of choice. Many of these companies, however, still use Oracle databases to run core parts of their business. 

The two tech giants have already seized on that overlap, creating an interconnect that offers direct network connectivity between Microsoft Azure and Oracle Cloud. They’re taking the partnership one step further now, building

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Cloud computing use is growing, but so is regulation


Credit: Getty Images/Charday Penn

European firms are reaching a new scale of public cloud usage, with 92% of companies in the UK, France and Germany saying they have adopted cloud computing, with 78% reporting they use a hybrid cloud, and 75% using multiple public clouds mostly on US-made technology, according to research by analyst firm Forrester. 

“After a slow start,

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