Blockchain Press Releases
DEAC and DLC attract 30-million-euro investment for data centers and network development in Baltics
Latvia’s DEAC and Lithuania’s Data Logistics Center (DLC) have been granted EUR 30 million 10-year loan by SEB Bank to further expand Baltic telecommunication infrastructure, focusing on data centers and fibre-optic networks.
RIGA, Latvia, July 20, 2023 /PRNewswire/ — “The investment from SEB Bank will mainly finance the construction of the new third DEAC data center in Riga, Latvia, which will be one of the most sustainable in the region. It will also go towards the expansion of the DLC data centers in Vilnius, Lithuania and fibre-optic networks,” says DEAC and DLC CEO Andris Gailitis. Both companies are carrier-neutral data centers operators of cloud computing and IT infrastructure solutions, part of Baltic Rezo, a company owned by Quaero European Infrastructure Fund II (QEIF II), which invests in infrastructure projects across Europe and is managed by the asset management company Quaero Capital.
“We remain firmly committed to the Baltics, building top quality, efficient and environmentally neutral critical infrastructure. We’re pleased we’ve developed this long-term relationship with SEB Bank,” says Quaero Capital Managing Partner Sébastien Bourget.
Latvia’s new data center will be highly energy efficient. It will have a power usage effectiveness (PUE) coefficient of less than 1.3, which indicates how efficiently a data center will use electricity to keep IT equipment running smoothly. The new data center will run entirely on electricity from renewable sources, and backup power generators will use Neste MY diesel, which consists of hydrotreated vegetable oil (HVO) produced from renewable raw materials.
The data center will have Tier III certification for the design documents and the constructed facility from the Uptime Institute, an international certification organization. This will certify that the facilities, engineering infrastructure and data center meet the highest international standards. The entire data center is being built using the latest and most efficient technologies to serve the growing data center power needs.
“Digital-intensive work and lifestyle is generating ever-increasing amounts of data with annual growth projected by around a fifth over the next few years. As more information is generated by data-intensive businesses, internet and telecommunications infrastructure development is essential for storing, accessing and managing the ever-increasing volumes of data. The SEB Bank loan will help to build this important infrastructure in the Baltic States and accelerate sustainable digital transformation in our society and business,” says SEB Bank Management Board Member and Head of Corporate Banking Vilius Juzikis.
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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
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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.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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