Connect with us
European Gaming Congress 2024

Blockchain

Centiel UPS safeguards Singapore’s AI & blockchain tech

Published

on

centiel-ups-safeguards-singapore’s-ai-&-blockchain-tech

In the dynamic urban landscape of Singapore, where innovation thrives and technology dominates, one prominent global leader shines as a beacon of progress in the digital realm. Specializing in blockchain and high-performance GPU computing, this tech giant is renowned for its innovative solutions and groundbreaking advancements. Yet, behind its state-of-the-art facilities lies a critical challenge – ensuring a continuous power supply to support its intricate operations.

Challenges and Solutions
Situated at the heart of Singapore, a global leader in blockchain and high-performance computing technology faces a crucial task – guaranteeing an uninterrupted power supply capable of sustaining its complex dedicated GPU operations. As the cornerstone of innovation in AI and computing, any disruption to IT loads could yield severe consequences, including revenue loss and damage to the company’s reputation.

Centiel’s UPS technology, featuring Distributed Active-Redundant Architecture (DARA), emerged as the strategic solution for this forward-thinking technology hub. Engineered to meet the dynamic demands of modern GPU computing loads, Centiel’s solution ensured the highest levels of availability and adaptability.

Seamless Integration and Installation
The integration of the new UPS systems into the technology giant’s infrastructure provided assurance that its operations were safeguarded against potential power outages. The results were remarkable – the company evaded downtime, bolstering its reputation as a reliable provider of advanced computing solutions and contributing to global technological advancement.

Advertisement
Stake.com

Enhanced reliability of the computing infrastructure also facilitated efforts to address labor shortages and enhance workplace safety in the technology sector.

Modular Installation
Centiel’s modular UPS system was installed in a highly secure building tailored to support the most advanced AI cloud computing hardware and software applications. The challenge involved designing an electrical system that seamlessly integrated with the UPS systems and offered flexibility to adjust UPS capacity to meet evolving IT loads. Leveraging DARA flexibility and a compact footprint, the solution achieved a power density of up to 1MW per sqm.

The installation comprised fully distributed modular UPS technology capable of powering each Super POD for up to 1.8MW without the need for shutdown. Additionally, lithium-ion battery systems ensured a minimum backup time of 10 minutes. DataSphere, Centiel’s partner, executed the installation seamlessly, from planning to implementation.

Shaping the Future
With Centiel’s reliable power solution, the company is poised to play a pivotal role in shaping the future of AI and blockchain technology in Singapore and beyond. As data center operators allocate space strategically to meet evolving demands, high-efficiency UPS technologies like Centiel’s modular UPS provide scalable solutions for seamless expansion and optimal efficiency.

By embracing energy-efficient, digital, and modular solutions, industry leaders align themselves with the forward-thinking capabilities of UPS technology, ultimately shaping the future of power protection.

Advertisement
Stake.com

Source: datacenterdynamics.com

The post Centiel UPS safeguards Singapore’s AI & blockchain tech appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Europe Tax Advisory Market Valuation Poised to Soar to USD 28.50 Billion By 2032 | Astute Analytica

Published

on

europe-tax-advisory-market-valuation-poised-to-soar-to-usd-28.50-billion-by-2032-|-astute-analytica
Continue Reading

Blockchain

Brazil to Tighten Regulation on Foreign Crypto Exchanges

Published

on

brazil-to-tighten-regulation-on-foreign-crypto-exchanges

Brazil’s Receita Federal Increases Scrutiny on Foreign Cryptocurrency Exchanges

Brazil’s tax authority, Receita Federal, plans to intensify its oversight of foreign cryptocurrency exchanges operating within the country. This move aims to enhance regulation and transparency amid the rising use of digital assets in Latin America’s largest economy.

New Reporting Requirements for International Platforms
Recent reports indicate that Receita Federal will soon issue an order requiring international cryptocurrency platforms, including Binance and Coinbase, to provide detailed operational data and information on their partnerships with local service providers.

Government’s Regulatory Focus
Andrea Chaves, Deputy Secretary of Inspection at the Federal Revenue Service, emphasized the importance of this measure. “It’s crucial for us to understand how they operate here and ensure there’s no illegality,” she stated. The government aims to ensure compliance with tax laws and confirm that services provided to Brazilian customers are fully legal.

Advertisement
Stake.com

Wagner Lima, a risk management coordinator at Receita Federal, underscored the need to review collaborations between foreign exchanges and local service providers. This review ensures compliance with a 2019 regulation that mandates information sharing.

Rise in Crypto Asset Declarations
This decision comes in response to a significant increase in crypto asset declarations by Brazilians. From January to July 2023, Brazilians declared 133.6 billion reais ($24.6 billion) in crypto assets, marking a 36.6% increase from the previous year. Notably, 14.5 billion reais were declared through foreign exchanges, representing a 51.2% growth.

Upcoming Order Details
The forthcoming order will require exchanges to disclose their operational methods and customer service practices in Brazil. However, it will exclude customer-specific data and transactional information to comply with current Brazilian laws.

Future Regulatory Framework
Brazilian authorities are also working on developing a clear framework for digital currencies and their legal status, expected to be introduced by mid-2024. This framework aims to organize both local and foreign exchanges operating within Brazil, ensuring their compliance with local laws and regulatory requirements.

Source: cryptotimes.io

Advertisement
Stake.com

The post Brazil to Tighten Regulation on Foreign Crypto Exchanges appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

Financial Institution NAB Embraces Crypto Custody Solution

Published

on

financial-institution-nab-embraces-crypto-custody-solution

National Australia Bank Invests in Crypto Custody Firm Zodia Custody

National Australia Bank (NAB), a prominent financial institution, has taken a significant step into the cryptocurrency custody arena. Instead of creating its own digital currency, NAB Ventures has opted to invest in Zodia Custody, a London-based firm specializing in the secure storage of digital assets for institutional clients.

Strategic Shift and Industry Alignment
This investment marks a strategic shift for NAB, aligning itself with global financial leaders like Standard Chartered, Northern Trust, and SBI Holdings, who have already acknowledged the importance of safeguarding digital assets for investors. By partnering with Zodia Custody, NAB showcases a forward-thinking approach, choosing collaboration over direct competition with established players like Coinbase.

Commitment to Innovation
The decision to invest in Zodia Custody reflects NAB’s commitment to providing cutting-edge solutions to its institutional clients while leveraging the potential of the crypto market. This move positions NAB as a key ally for institutional investors seeking secure and regulated infrastructure to navigate the complexities of digital asset storage and management.

Advertisement
Stake.com

Additional Insights
One significant aspect not highlighted in the initial report is that NAB’s engagement with a crypto custody solution underscores the growing demand from institutional investors for secure and regulated infrastructure to enter the crypto space.

Key Questions
1. How will NAB’s partnership with Zodia Custody impact its overall financial services and competitive position in the market?
2. What regulatory challenges and compliance requirements does NAB face by entering the crypto custody space?
3. How does NAB plan to address security concerns related to the storage of digital assets for its institutional clients?
4. What are the potential risks and rewards for NAB as it ventures into the crypto custody sector?

Key Challenges
NAB may encounter several challenges, including regulatory compliance issues, cybersecurity risks, market volatility of crypto assets, competition from existing players in the space, and the need to build trust among institutional clients for their crypto custody services.

Advantages
1. Access to a Growing Market: Entry into the rapidly expanding crypto market and potential new revenue streams.
2. Strengthened Partnerships: Enhanced relationships with global leaders in the crypto custody sector.
3. Diversification: Broadening service offerings to meet the evolving needs of institutional clients.

Disadvantages
1. Regulatory Scrutiny: Increased regulatory oversight and compliance costs.
2. Market Volatility: Exposure to the highly volatile nature of crypto assets.
3. Reputation Risk: Potential damage to reputation if security breaches or operational issues occur in the custody of digital assets.

Advertisement
Stake.com

Source: smartphonemagazine.nl

The post Financial Institution NAB Embraces Crypto Custody Solution appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE