The latest draft of the controversial MiCA report still contains language that could stop crypto service providers from transacting in proof of work coins.

The post Today’s EU MiCA vote could ban exchanges from listing proof of work crypto assets appeared first on CryptoSlate.

The line between banks and crypto is becoming a lot thinner thanks to republican politicians in Virginia. A new amendment will be signed into law by the state’s conservative governor Glenn Youngkin that will allow banks in Old Dominion to offer crypto assets and services to their customers. Virginia Is Plowing Headfirst Into Crypto Last...

The post Virginia Banks Are All Set to Provide Crypto Services appeared first on Live Bitcoin News.

South Korea is set to have a new president in May following a win by Yoon Suk-Yeol who platformed on crypto deregulation, among other issues

The post Pro-crypto Candidate Yoon Suk-Yeol Wins South Korea’s Presidency appeared first on Blockworks.

TOKYO, Mar 11, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has newly developed a large-capacity brine refrigeration system adopting a nitrogen (N2) refrigerant having both zero ozone depletion potential (ODP)(1) and zero global warming potential (GWP)(2). The new system can accommodate even cryotemperature needs, placing it at the pinnacle of industry offerings(3). The Company has just delivered a unit of the new system to The Honjo Chemical Corporation (Neyagawa, Osaka), a manufacturer of organic chemicals and other products, and further sales in the domestic market will be pursued going forward.
The new system can refrigerate at ultra-low and cryo-temperatures (brine temperature: -45℃ to -100℃) through application of MHI-AC&R's proprietary (patented) air refrigeration cycle technology. The unit also features one of the industry's most compact sizes, enabling easy handling and transport. Its compression expansion machine incorporates MHI Group's accumulated high technologies in gas turbines. In addition to capturing the energy generated during air expansion cooling and using it as drive power, stable operation is achieved through the integration of high technologies such as energy-saving inverter control.

The new refrigeration system contributes significantly to curbing global warming through the adoption of N2, a natural refrigerant having zero environmental impact. In recent years, initiatives to prevent climate change have accelerated in momentum. In Japan, since April 2015, when the Act on Rational Use and Appropriate Management of Fluorocarbons(4) went into effect, the low-temperature refrigeration machine market has been called on to adopt low-GWP refrigerants. Internationally, in tandem with implementation of the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer in January 2019, along with revisions to the Vienna Convention for the Protection of the Ozone Layer, production of chlorofluorocarbon (CFC) substitutes and phased reduction in energy consumption have become mandatory.

Today, because there are few refrigerant options in the ultra-low-temperature refrigeration field, many refrigeration systems continue to use CFC refrigerants. However, demand for CFC-free refrigeration systems is steadily rising in order to mitigate impact on the environment. The refrigerant used in MHI-AC&R's new refrigeration system uses nitrogen, which accounts for approximately 78% of air content, so it is safe both to the environment and to humans. Use of a CFC-free refrigerant also eliminates the inspection procedures mandated under the Act on Rational Use and Appropriate Management of Fluorocarbons, and the new refrigerant is also exempt from the High Pressure Gas Safety Act which regulates the production of high-pressure gases and their consumption, etc. Another benefit is the adoption of magnetic bearings in the system's compression expansion machine, which eliminates the need for lubricating oil and enables a virtually unlimited service life, thereby helping to ease the user's maintenance and operating burdens.

(1) ODP is a coefficient expressing a refrigerant's ozone depletion potential compared to the previously widely used CFC-11 (trichlorofluoromethane), which is assigned a value of 1.0. The lower the ODP value, the smaller is the deleterious impact on the ozone layer.
(2) GWP is a coefficient expressing a refrigerant's global warming potential compared to CO2, which is assigned a value of 1.0. The lower the GWP, the higher is the refrigerant's environmental performance.
(3) Based on MHI-AC&R's in-house survey.
(4) The Act on Rational Use and Proper Management of Fluorocarbons is a totally revised update, carried out in April 2015, to the original Fluorocarbons Recovery and Destruction Law enacted in 2001. Under the revised legislation, commercial refrigeration condensing units and stationary refrigeration units with a refrigeration capacity exceeding 1.5 kilowatt (kW) (approx. 2HP) are required by 2025 to adopt refrigerants with a GWP below 1500 (CO2 =1).

Delivery Overview
Client and destination: The Honjo Chemical Corporation, Naoshima Organic Chemical Plant
(Naoshima-cho, Kagawa-gun, Kagawa Pref.)
Intended usage: Removal of heat of reaction produced during production of organic chemicals
Specification: Brine temperature -80degC (down to -100degC)

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has newly developed a large-capacity brine refrigeration system adopting a nitrogen (N2) refrigerant having both zero ozone depletion potential (ODP) and zero global warming potential (GWP).

Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services. (Read More)

The US State of Virginia and its senate, allow the banks to start offering crypto custody services according to the latest reports that we have in today’s crypto news. The delegate Christopher T. Head introduced the new bill back in January and sought an amendment to allow eligible banks to offer crypto custody services. The […]

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

By joining the Blockchain Association, the members hope to help educate and inform those who may shape the future of the blockchain and crypto industry. (Read More)

Through increasingly unscrupulous monetary policy, U.S. government officials mask the costs of war from the American public. Bitcoin could fix this.

Parler, the right-leaning social media app has announced the launch of its new Solana NFT marketplace, DeepRedSky. Donald Trump and the CryptoTRUMP NFT Club DeepRedSky’s first NFT collection is the Official CryptoTRUMP Club featuring the 45th President of the United States, Donald Trump. The limited-edition collection comprises 10,000 CryptoTRUMP, including 250 extremely rare NFTs, priced at $2,750 each. The collection depicts a graphical representation of a tuxedoed Trump holding a Diet Coke; cowboy Trump in a broad-rim hat with a gun belt slung around his shoulder; and a besuited Trump on a beach with a piratical eye patch covering his left eye among others. Commenting on the development, CEO of Parler, George Farmer, said: “The development of DeepRedSky is an essential next step toward the company’s mission to be a frontrunner in Web3 technologies. As promised, Parler is launching its inaugural NFT marketplace that will become the new standard in premium branded NFTs.” Promoting Free Speech and Protection Parler is a social media platform that claims to protect against the ‘authoritarian powers of Big Tech, Big Government, and cancel culture.’ Comprising 16 million users, the platform uses the First Amendment of the U.S. Constitution as a guide, allowing people to speak freely without fear of being suspended or labeled ‘dangerous’ and banned. DeepRedSky is the latest Solana NFT project Parler has been involved with, the previous featuring former First Lady of the United States and wife of Donald Trump, Melania Trump.

The post Parler Launches NFT Marketplace With CryptoTrump NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

South Korea soars in the crypto market with $45 billion in 2021. In between, the crypto market in the country ...

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Bitcoin could be banned in the European Union from early 2025 if the European Parliament fails to scrap an amendment to the Markets in Crypto-Assets (MiCA) framework. MiCA is the increasingly anticipated crypto regulatory framework for the European Union. According to a report released by German cryptocurrency media outlet BTC-ECHO, there is a provision forbidding […]

The post EU on Track to Ban Bitcoin appeared first on Coin Bureau.