Blockchain Press Releases
Carbon Nanotubes (CNT) Market worth $2.3 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 17, 2023 /PRNewswire/ — The report “Carbon Nanotubes Market by Type (Single Walled & Multi Walled), End Use Industry (Electronics & Semiconductors, Chemical Materials & Polymers, Structural Composites, Energy & Storage, Medical), Method, and Region – Global Forecast to 2028″, The global carbon nanotube (CNT) market size is projected to reach USD 2.3 billion by 2028 from USD 1.1 Billion in 2023 at a CAGR of 14.6% between 2023 and 2028. One of the largest markets for carbon nanotube (CNT) worldwide is the Asia Pacific area. The demand for CNTs is increasing in the electronics, automotive and healthcare industries. The demand from developing nations, such as China, India, Brazil, and Argentina are expected to drive the global CNTs market.
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MWCNT, by type segment is expected to hold largest share of the carbon nanotube (CNT) market during the forecasted period.
In terms of volume for carbon nanotube (CNT) market overall, multi-wall carbon nanotube (MWCNT) type held the largest share in 2022. Multi-wall carbon nanotube consists of concentric tubes or cylinders of carbon. Carbon end-caps are usually employed to seal the ends of tubes. Double-wall tubes, bamboo, and herringbone architectures are other MWCNT types. Compared to single wall carbon nanotubes, multi-wall carbon nanotubes are simpler to manufacture in large quantities. MWCNTs are used in conductive transparent electrodes, conductive nano inks, conductive heating films, chemical sensors,displays, super batteries, supercapacitors energy storage, solar power cells, thermal interface material, and other applications because of their excellent electrical conductivity.
Energy & storage, by end-use industry segment hold the largest growing segment in overall carbon nanotube (CNT) market during forecast period.
Energy & storage end-use industry holds the largest share in terms of volume in overall carbon nanotube (CNT) market. The highest volume of CNTs are consumed for energy & storage. Vehicles that need lightweight, high-energy density solutions are causing a sharp rise in the demand for lithium (li)-ion batteries. Cell phones, notebook computers, and hybrid cars all use these batteries because they have the best energy density per weight.
During the forecast period, the lithium-ion battery market is anticipated to be driven by the rising use of plug-in hybrid electrical vehicles (PHEV) and portable electronic gadgets. As a result, the market for carbon nanotubes in the energy & storage sector is anticipated to grow. Several automakers have begun concentrating on EVs as several nations have taken measures to reduce CO2 emissions and maintain a greener environment.
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Lithium-ion batteries is likely to account a largest share of end-use industry segment of the global carbon nanotube market during the forecast period.
Vehicles that need solutions with high energy density and small weight are seeing a sharp rise in demand for lithium-ion batteries. Utilized in hybrid cars, notebook computers, and cell phones, these batteries offer the best energy density per weight.
The widely used lithium batteries in portable electronics are composed of three basic parts: an electrolyte, an electrically conductive substance through which charged particles or ions can easily move, two electrodes (referred to as the anode or negative electrode), the cathode (referred to as the positive electrode), and the positive electrode. These batteries use CNTs as electrode material. CNTs are a type of electrode material used in capacitors. Because CNTs have high density and high orientation properties, this reduces the internal resistance of the capacitor.
Asia Pacific region likely to account the largest share of the global carbon nanotube market during forecasted period.
Asia Pacific is the largest market and is likely to continue in the foreseeable future. The three main end-use sectors for CNTs are automotive, building & construction, and electrical & electronics. Increased vehicle sales in the region are anticipated to have a positive effect on the market during the forecast period due to the expansion of the road and transport networks in the region and government measures to expand the industrial and infrastructure. A result of its expanded industrial production during the last five years, China now leads the world in the need for CNTs. The industry is also driven by the relocation of manufacturing operations for the chemical, automotive, and aerospace sectors from established markets to developing nations.
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Market Players
Some of the key players in the global carbon nanotube (CNT) market include LG Chemicals Limited (South Korea), Cabot Corporation (US), Resonac Corporation (Showa Denko K.K.) (Japan), Jiangsu Cnani Technology (China), Timesnano (Chengdu Organic Chemicals Co. Ltd.) (China), Nanocyl SA (Belgium), Arkema SA (France), Sumitomo Corporation (Japan), Cheap Tubes, Inc. (US), Hanwha Corporation (South Korea) and others. Toray International Group Limited (Japan), Kumho Petrochemical Co. Ltd. (South Korea), Klean Commodities (Canada), Thomas Swan & Co. Limited (UK), Raymor (Canada) are some of the startups in the global carbon nanotube (CNT) market.
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Blockchain
Crypto Case Tests SEC’s Ability to Police Blockchain Technology
A New York judge will soon address complex regulatory issues in the case involving Richard Heart, founder of the crypto token Hex. The SEC has accused Heart of selling unregistered securities and misusing investor funds to purchase luxury items, such as a $1.38 million Rolex and a 555-carat black diamond called “The Enigma.” Heart, based in Finland, is seeking dismissal of the SEC’s case, arguing that the SEC has overreached in its attempt to regulate global blockchain technology.
The case highlights the challenges of enforcing US securities laws on decentralized finance (DeFi) platforms and borderless crypto transactions. Heart and his supporters argue that technological innovations like Hex and the PulseChain blockchain cannot be defendants in such cases. This dispute underscores the evolving nature of blockchain technology and the difficulty regulators face in applying traditional legal concepts to these new digital assets.
The SEC has broadened its scrutiny of DeFi, with investigations and enforcement actions against various firms. However, the SEC’s approach of naming software and blockchain protocols as defendants raises concerns about developer liability and potential overreach. The outcome of this case could set significant precedents for how the US regulates the crypto industry.
Legal experts note that the SEC’s strategy might lead to developers being held accountable for the software they create, which could discourage innovation in the blockchain space. The case also raises jurisdictional questions, as Heart argues that US courts should not have authority over his actions, given his lack of direct ties to the US.
The resolution of this case could have broad implications for the regulation of decentralized and international crypto projects, as it tests the SEC’s ability to police a rapidly evolving and inherently global technology.
Source: news.bloomberglaw.com
The post Crypto Case Tests SEC’s Ability to Police Blockchain Technology appeared first on HIPTHER Alerts.
Blockchain
Binance Announces Adjustment of Tick Size for Spot Trading Pairs
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.
Blockchain
OKX Announces Support for New USDC Spot Trading Pairs
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
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