Day: February 27, 2023

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia – Mining Bitcoin News

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The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable of reaching 4.2 exahash per second (EH/s) when fully complete. Mawson Deploys Six Modular Bitcoin Mining Data Centers in Sharon, Pennsylvania Sharon, a city in western Mercer County, Pennsylvania, now has a bitcoin mining facility…

Illinois Officials Pushing State Crypto Licensing to Emulate New York’s BitLicense

“It’s happening too often where there’s some scam or collapse that’s hurting consumers directly in their pocketbooks,” DeCarlo said in a CryptoX interview. The state needs “safeguards in place soon so we can get in front of those,” he said, plus a way to give the latest financial innovations some stable footing in Illinois. Source BitLicenseCryptoEmulateIllinoisLicensingOfficialsPushingStateYorks CryptoX Portal

Korea’s Lotte Group Partners Multi-Chain Network Polygon on NFT Global Drive Scheme

Lotte plans to push its NFT endeavors with the help of the scalable Ethereum-compatible network provided by Polygon.  South Korean multinational conglomerate Lotte Group partnered with Polygon to expand its non-fungible token (NFT) business. According to reports, Lotto plans to use the popular blockchain to usher its NFT affairs onto the global market. Lotte’s marketing and NFT hub, Daehong Communications, also provided further information on the Polygon partnership. The collaboration begins with rebranding the profile picture (PFP) digital collection of BellyGom NFTs or Lotte Homeshopping. According to Daehong, the rebranded collection will be…

7 modern technology examples that don’t need electricity

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While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity. Solar-powered calculators One typical instance of technology that does not require electricity is solar-powered calculators. These calculators are run on solar cells, which transform sunshine into electricity. The calculator can be powered in low light thanks to the solar cells, which…

Crypto Gateway Platform Alchemy Pay Secures License in Indonesia

Singapore-based Alchemy Pay is quite popular for offering on and off-ramps, crypto payments, as well as NFT checkout to Web3 platforms.  In a recent development, the crypto gateway platform Alchemy Pay announced securing a license from the central bank of Indonesia in cooperation with local fintech firm Berkah Digital Pembayaran. As a result, Alchemy Pay will be able to operate remittances and fund transfers in the region. In its official announcement earlier today, February 27, Alchemy Pay noted that Bank Indonesia issued an official joint license to Alchemy Pay and…

Is the SEC’s action against BUSD more about Binance than stablecoins?

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Binance branded stablecoin, Binance USD (BUSD), is a dollar-backed stablecoin issued by blockchain infrastructure platform Paxos Trust Company, and is the third largest stablecoin after Tether’s (USDT) and Circle’s USD Coin (USDC). Paxos has claimed in the past that BUSD is fully backed by reserves held in either fiat cash or United States Treasury bills. BUSD was reportedly authorized and regulated by the New York State Department of Financial Services (NYDFS). Paxos partnered with crypto exchange Binance in 2019 and launched the stablecoin, which received approval from the NYDFS. Binance…

Platypus Protocol Exploiters Arrested by French Police

With the whole event surrounding the Platypus protocol, the core team has said the hack did not prevent the daily activities of the platform.  The two suspected Platypus Protocol exploiters have been arrested by the French National Police. The police department gave the confirmation of the arrest as announced via its official Twitter handle. The authorities refused to name the suspects or unveil the charges now levied against them. According to the police, the suspects were involved in the $9.5 million hack of the Platypus and it has been able…