Blockchain Press Releases
ST Telemedia Global Data Centres Awarded by Frost & Sullivan for Excellence in Growth Strategy and End-to-end Data Center Solutions
ST Telemedia Global Data Centres (STT GDC) is one of the world’s fastest-growing data center providers that delivers flexible, secure, and energy-efficient data center solutions to its clients.
SAN ANTONIO, July 18, 2023 /PRNewswire/ — Frost & Sullivan recently researched the Southeast Asian (SEA) data center services industry and based on its findings, recognizes STT GDC with the 2023 Competitive Strategy Leadership Award. STT GDC provides clients with unrivaled data center solutions, faster time-to-market, and a seamless experience. This reliable and customer-centric approach enables STT GDC to innovate and develop unique plans based on its clients’ ever-evolving needs, ensuring its position as a strong regional service provider.
Fueled by rising customer demand, the company continually expands into new markets through strategic partnerships. STT GDC recently announced that it is expanding its footprint in Asia with the development of its largest and most interconnected carrier-neutral data center in the Philippines as part of the joint venture with Globe Telecom and Ayala Corporation, marking STT GDC’s single largest data center project development to date across its global portfolio. Additionally, the company operates in major Asian and European economic hubs, such as Singapore, China, the United Kingdom, Germany, India, Thailand, South Korea, Indonesia, Japan, and the Philippines.
This expansion strategy is remarkable and achieved by combining the global know-how with the local expertise of partners in-country. The focus on key business locations allows the company to sustain impressive growth. STT GDC is also actively exploring potential new markets to expand its customer base and uncover market opportunities, with the aim of becoming one of SEA’s largest data center colocation services providers.
“STT GDC’s continued investments to expand its data center presence and footprint in SEA, backed by significant growth, have strengthened its regional market position,” said Nishchal Khorana, Vice President & Global Program Leader of ICT at Frost & Sullivan.
To further increase its offering and address new customer demands, STT GDC plans to decarbonize its data center operations by leveraging carbon-free energy. For this reason, the company is leveraging emerging technologies, such as clean hydrogen and artificial intelligence, to enhance data center operations and optimize energy consumption.
Additionally, STT GDC aims to comply with global green building certifications, follow current environmental trends, and achieve carbon-neutral data center operations by 2030. As a result, the company’s research and development team constantly analyzes emerging technologies to boost business operations, implement water usage efficiency programs, reduce costs, build a seamless client experience, and progress toward its carbon-neutral goal.
“STT GDC has demonstrated a strong focus on sustainability as a strategic imperative. Besides addressing the high energy consumption of data centers and their environmental impact as part of its responsibility, the company’s sustainability efforts also align with its customers’ carbon pledges,” noted Rubini Kamal, Best Practices Research Analyst at Frost & Sullivan.
Lionel Yeo, Chief Executive Officer, Southeast Asia, ST Telemedia Global Data Centres, said, “We are delighted to have been awarded the 2023 Competitive Strategy Leadership Award from Frost & Sullivan, and are honored to have been recognized for our dedication to enabling technological advancement through innovation to offer scalable and secure, world-class data center solutions and services to power Southeast Asia’s ambitions for a smarter, more sustainable digital future.”
Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to execute a strategy successfully that results in stronger market share, competitive brand positioning, and customer satisfaction.
Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
About ST Telemedia Global Data Centres
ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan and the Philippines, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/
Media Contacts:
Frost & Sullivan
Tarini Singh
P: +91- 9953764546
E: [email protected]
ST Telemedia Global Data Centres
Chow Yi / Christina Koh
P: +65 9784 6406
E: [email protected] / [email protected]
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A Finiko executive has been sentenced to three years in prison by a Russian court for her involvement in what is described as the largest crypto scam in the post-Soviet era.
According to Izvestia, Liliya Nurieva, the former head of networks at Finiko, received a four and a half year sentence from a court in Vakhitovsky, Kazan on May 17. However, the court stated that it would take into account the time she had already spent in pre-trial detention as “time served.”
Despite prosecutors’ requests for a six and a half year sentence, the judge rejected them. Nurieva, who had faced a possible 10-year imprisonment, reached a “pre-trial agreement” with prosecutors.
Nurieva’s defense attorney announced her intention to appeal the verdict. She was convicted of fraud and organized crime-related charges.
Finiko, initially presented as a crypto “investment fund” in 2018, allegedly defrauded citizens of around $1.1 billion, according to the country’s Central Bank. Much of this sum remains unrecovered.
The unraveling of the project began in 2021, leading to the flight of many Finiko figures abroad. After an international manhunt, Interpol detained co-founder Edvard Sabirov in the UAE in late 2022, while co-founder Kirill Doronin was arrested in mid-2021.
However, Nurieva is the first Finiko executive to be convicted and sentenced.
Finiko promised investors an “automated profit-generating system” with returns of “up to 30%” on investments of $1,000 or more. It also offered various lending and financial services with lucrative terms.
The company allegedly employed Ponzi scheme tactics, using funds from new investors to pay off older ones. By mid-2021, its platforms became unstable, with customers reporting delayed payments. In June of that year, payments ceased entirely, the value of its cryptocurrency plummeted, and Finiko offices nationwide abruptly closed.
During its peak, Finiko enjoyed popularity on social media, and initial estimates suggested nearly 10,000 individuals invested in its platforms.
Nurieva’s defense argued that she was unaware of Finiko’s fraudulent nature upon joining and had invested her own money in the company. It wasn’t until later interactions with senior executives that she realized the scheme’s illegitimacy.
Some Finiko investors attended the trial, with one, Lyudmila Yamshchikova from Kazan, expressing disappointment over halted payments, which she had relied on for mortgage payments and other financial obligations.
Source: cryptonews.com
The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on HIPTHER Alerts.
Hong Kong’s launch of its first Bitcoin and Ether ETFs in late April aimed to capture part of the $55 billion US market. However, the ETFs have experienced investor outflows, perplexing analysts. Experts attribute this to concerns over China’s strict crypto stance and high management fees compared to US products.
Despite initial setbacks, some analysts remain optimistic. Bloomberg’s Rebecca Sin notes that total assets under management (AUM) exceed $250 million, indicating potential growth to $1 billion within two years. Hong Kong’s crypto journey is still unfolding, facing challenges from regulatory uncertainties and regional competitors like Singapore and Dubai.
On the Flipside
High Management Fees: Hong Kong’s ETFs have higher fees than similar US products, potentially deterring investors.
Regulatory Uncertainty: The evolving regulatory landscape in Hong Kong may create hesitancy among investors.
Institutional Adoption: Established financial institutions in Hong Kong may be slow to embrace crypto, limiting market growth.
Source: dailycoin.com
The post Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship? appeared first on HIPTHER Alerts.
In a bid to offer its users more opportunities in the Decentralized Finance (DeFi) space, Binance Web3 Wallet has introduced two new ways to earn: ‘Yield Plus’ and ‘Simple Yield’. These new features will be accessible right within the Binance Web3 Wallet Earn section.
About Yield Plus Zone
The Yield Plus Zone is a unique feature designed to showcase projects with potential airdrops or additional yield opportunities. This feature will give users easy access to projects that offer multiple levels of rewards. The initial projects that will be included are Eigenpie, Kamino Finance, Lista Dao, Marinade, Ondo Finance, Renzo, StakeStone, and SolBlaze. Binance Web3 Wallet plans to announce exclusive campaigns in future updates through the Binance Web3 X account.
About Simple Yield Zone
The Simple Yield Zone allows users to earn an Annual Percentage Rate (APR) with stablecoins and other tokens by providing liquidity to lending protocols. When providing liquidity, users may receive both the Supply APR and Distribution APR, depending on the protocol chosen.
More on Binance Web3 Wallet
Developed with a commitment to innovation, security, and seamless user experience, the Binance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. It serves as a bridge between the Exchange and Web3, enabling users to interact with multiple blockchains, trade thousands of tokens, earn yield, and explore a selection of the best decentralized applications (dApps) all in one wallet.
Source: blockchain.news
The post Binance Web3 Wallet Introduces Yield Plus and Simple Yield appeared first on HIPTHER Alerts.
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