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Blockchain Press Releases

Kehua’s 700 units of UPS Witness the Successful Conclusion of FISU World University Games

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XIAMEN, China, Aug. 16, 2023 /PRNewswire/ — Under the great expectation, the 31st FISU World University Games Summer (Universiade) came to a successful end in Chengdu, Sichuan, the hometown of panda in China. It must be said that the Universiade is like a hot and spicy Sichuan hotpot.

The Universiade, in which all the compulsory sports are Olympic sports, is second only to the Olympic Games in scale, and is known as the “Little Olympics”. Athletes from 113 countries and regions participated in this year’s Universiade.

Kehua provided more than 700 units of MR Series and KR Series UPS for the Games, which were installed in the opening ceremony venues, closing ceremony venues, media centers, important hotels, and other competition venues to ensure smooth power supply for the Games.

As early as last year, when the equipment arrived in Chengdu, Yang, an engineer from Kehua, participated in the commissioning of the machines; as the tournament approached, he entered the same venues again: “The installation site encountered some difficulties, such as space limitations of the venues, the number of units, and time constraints – but this is not a problem, Kehua carried it! ” In the end, Kehua UPS was as stable as ever during the tournament! The task was successfully accomplished by carrying over the continuous fluctuation and impact of all the sensible equipment in the venue!

Why did the Universiade choose Kehua?

  • Kehua has rich experience in power supply for events, such as the Beijing Winter Olympics and Hangzhou Asian Games..
  • Kehua’s lean supply chain and manufacturing strength provided fast delivery and highly reliable O&M services for the Universiade.
  • The small size and high efficiency of Kehua’s UPS and battery packs meet the demanding installation requirements on site. 

MR33 Series Modular UPS – AI⁺ Power Expert

MR33 Series Modular UPS, adopting advanced three-level technology, realizes highly-reliable and full redundancy design from module to the whole machine, with the advantages of high power density, easy expansion and small footprint. It adopts AI⁺energy-saving, AI⁺prediction, AI⁺health, AI⁺O&M to create a modular UPS that is green and low-carbon, safe and reliable, intelligent and simple, and flexible.

Green and low-carbon games are gradually becoming a trend in organizing world events. The Chengdu Universiade started from low-carbon energy, low-carbon venues, low-carbon transportation, low-carbon operation, low-carbon participation, etc., and took more active low-carbon measures to enrich the connotation of “Green Universiade”.

With an input current harmonic as low as 1.5%, 97% efficiency of double conversion mode, innovative W-ECO mode, intelligent hibernation, and a small footprint, etc. Kehua MR33 Series Modular UPS helps to realize the ” Green Universiade “.

About Kehua

Founded in 1988, Kehua Tech is a world-leading intelligent power management expert, with the commitment to provide cutting-edge solutions in critical power. Based on 35 years’ R&D and manufacturing experience in power electronics, Kehua Tech ranked No.4 in global modular UPS market share in 2021 (Omdia), and received the 2021 Global UPS Competitive Strategy Innovation and Leadership Award (Frost&Sullivan). In the future, we will continue sparing no effort to provide more reliable and sustainable power to the world.

Photo – https://mma.prnewswire.com/media/2187134/Kehua_Engineer_MR_Series_UPS.jpg
Logo – https://mma.prnewswire.com/media/1904051/Kehua_logo___Red_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kehuas-700-units-of-ups-witness-the-successful-conclusion-of-fisu-world-university-games-301902305.html

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Blockchain Press Releases

aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology

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Singapore-based blockchain pivots to artificial intelligence to unlock new frontiers in blockchain efficiency, scalability, intelligence, and security; and deploys $50 million ecosystem fund to support the AI transformation initiatives.

SINGAPORE, April 12, 2024 /PRNewswire/ — In a transformative move for the blockchain industry, aelf, a pioneering blockchain network, has announced its strategic shift to integrate artificial intelligence (AI) within its blockchain. This significant leap forward marks the beginning of a new phase for the aelf blockchain, transitioning from a decentralised network to a vibrant ecosystem enriched with state-of-the-art AI models and agents, broadening its functionalities and enriching user experiences.

“The integration of computation, LLM (large language model) and agents within the aelf’s blockchain is not just an enhancement; it’s an evolution,” stated Auric, Founder of aelf. “7 years ago, we have identified blockchain’s future and been relentlessly developing modular systems, parallel processing, cross-chain bridges and cloud-native architecture, which are now what the industry has been talking about. Now, we envision AI as the next catalyst for the future of blockchain and are determined to be the first in Asia to bring this evolution to fruition. This AI transformation is about cultivating a self-evolving system—a smarter, self-learning blockchain where each new block is more advanced than the last.”

To nurture and accelerate the convergence of AI and blockchain, aelf Ventures, aelf’s investment arm, will be strategically deploying its $50 million Ecosystem Fund to support innovative AI initiatives seeking blockchain enablement. With the roll-out of developer-friendly toolkits, aelf will further catalyse this AI blockchain innovation by empowering the community to utilise those new technologies for data pre-processing, model training, fine-tuning and deployment, agent development, on-chain deployment and monetization with the aelf blockchain environment.

Existing projects and games on the aelf blockchain are set to integrate these AI capabilities while new projects will benefit from aelf’s robust foundation, offering a dynamic and responsive blockchain ecosystem that delivers enhanced efficiency, strengthened security protocols, and sophisticated intelligent automation.

This AI transformation embodies aelf’s commitment to fostering an environment of continuous innovation and maintaining its position at the forefront of blockchain technology. With a steadfast dedication to expanding its capabilities, aelf remains focused on generating user-centric value and propelling the entire blockchain domain forward.

About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network.

For more information, visit https://aelf.com.

View original content:https://www.prnewswire.co.uk/news-releases/aelf-leads-the-fusion-of-ai-and-blockchain-to-shape-the-future-of-technology-302115323.html

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Blockchain Press Releases

Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition

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SINGAPORE, April 12, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue unveiled a new competition available to all users on the platform that comes with a total prize up to $850,000 USDT in a recent X announcement.

The contest is being held in honor of the much anticipated Bitcoin Halving – an event that occurs once every four years to regulate the supply of new BTC entering the digital asset economy, and helps ensure long-term value through scarcity of supply.

The competition will rank traders according to their trading volume on the exchange during the contest period. The competition begins on Thursday April 11th and will continue until the halving event occurs (estimated April 20th). The prizepool will increase according to the number of valid participants in the competition, with the grand prize winner set to take home 25% of the total reward (212,500 USDT). All participating users will have a chance to win prizes regardless of their final rank.

With all eyes on this historic event, Bitrue is thrilled to be able to offer an exciting and rewarding way for its 10 million users to mark the occasion and provide them with an opportunity to earn a life changing amount of money. Interested parties should sign up on the Bitrue exchange now in order to be ready for when the contest goes live on April 11th.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe, and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.

Logo – https://mma.prnewswire.com/media/2385358/Bitrue_BitrueOfficial_Bitrue_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/bitrue-gears-up-for-2024-bitcoin-halving-with-trading-competition-302115311.html

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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