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KSTAR Remains China’s Largest UPS Maker

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SHENZHEN, China, July 28, 2023 /PRNewswire/ — World’s leading power converter expert KSTAR (002518.SZ) was named the top local Uninterruptible Power Supply (UPS) brand in China in terms of units sold, according to CCID’s annual UPS market report.

Benefits from technological innovations, demand for digital transformations, and government strategies for the data center industry, China’s UPS market totaled RMB 9.15 billion in 2022 with an 8% Y-O-Y growth.

Despite fierce competition in the Chinese UPS market, homegrown UPS producer Kstar kept its reputation as the favorite local supplier. According to the latest market report by CCID, Kstar UPS shipments in 2022 are about 243,000 units, occupying 14.2% of the market share. The report also ranked Kstar fourth in the fast-growing modular UPS and large-capacity UPS (>200kva) market, moving one place from last year.

“We remain No.1 for 22 consecutive years thanks to consumers’ trust. This is also a result of the company’s continuous investments in more efficient technology.” said Ivan Liang, the deputy director of Kstar’s pre-sales department.

Last year, Kstar launched the KLi lithium-ion battery for its modular UPS systems, offering more options for data center operators interested in new battery technology for their infrastructures.

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What’s more, Kstar took advantage of the growing demand for highly-efficient and sustainable data centers by launching the 100/125 kW power module in 3U height for modular UPS system. The new modular solution, the HPM3300E, offers customers the benefits of high density, less space, and low energy consumption, making it a hit in new data centers, which has helped the company perform well in the modular and high-capacity UPS market.

Advantages in capacity also contributed to the success of the company. The 30-year-old UPS vendor owns five factories in 4 Chinese cities, and one in Vietnam, scaling its total output to 3 million annually. With plans to build even more UPS and battery factories worldwide, Kstar will solidify its leadership position in the coming years.

About KSTAR

Founded in 1993, the China-based company Shenzhen KSTAR Science And Technology Co Ltd (KSTAR) has a portfolio covering data center infrastructure, solar inverters and energy storage. With nearly 4,200 employees, Kstar is not only the best-selling local UPS brand in China and also the 5th largest UPS vendor worldwide via offering complete OEM & ODM services to global customers. 

For more information:
Email: [email protected]
Related Links
https://www.kstar.com/

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View original content:https://www.prnewswire.co.uk/news-releases/kstar-remains-chinas-largest-ups-maker-301887976.html

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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